2011-11-11T13:33:44-08:00 2010-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2010-01-01 540322350 NORTHERN NECK ELECTRIC COOPERATIVE NORT 8043333621 PO BOX 288 WARSAW VA 22572 GREG WHITE 2011-11-11 G STEVEN GILLIAM CPA 8043231313 2010 2016-02-24 21:20:13Z Gregory W White 85 St Johns Street Warsaw VA 22572 36244953 false false X www.nnec.coop X 1937 VA Safe and effective DISTRIBUTION OF ELECTRICITY TO the members of the cooperative 7 6 59 8548 4824 0 35337747 35134838 53185 105578 291732 976321 35682664 36216737 0 0 4903829 4928022 0 0 29783933 27864048 34687762 32792070 994902 3424667 74147720 79199260 42923410 43615598 31224310 35583662 Safe and effective DISTRIBUTION OF ELECTRICITY TO the members of the cooperative false false SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY to the members of the cooperative false false false false false false false false false false true false true false true false true false false false false false false false false false false false false true false false false false false false false false false false true false false false false false false false false false false true 27 0 true 59 true true true false false false false false false false false false 35134838 828371 false false false false X 7 6 false false false false true true true true false false false false false true true true true true true true false false VA X THE COOPERATIVE 8043333621 85 ST JOHNS STREET WARSAW VA 22572 WILLIAM PATRICK HENRY 40.00 X 124704 0 48265 Russell G Brown 5.00 X 26395 0 0 Richard E McLendon 40.00 X 104208 0 21552 RALPH E SUTTON 5.00 X 18037 0 0 Martin R Mothershead 40.00 X 126170 0 60006 James A Wise 4.00 X 19359 0 0 JAMES A MOSS 40.00 X 115921 0 47447 J Steve Thomas Sr 6.00 X X 15298 0 0 Hunter R Greenlaw Jr 3.00 X X 16912 0 0 Gregory W White 40.00 X 241727 0 137837 Elnora F Tompkins 5.00 X X 14929 0 0 A WAYNE SAUNDERS 3.00 X 16610 0 0 840270 315107 5 false true false Aubrey Silvey Enterprises Inc 371 Hamp jones Road Carrolton GA 30117 Construction 409502 Asplundh 708 Blair Mill Road Willow Grove PA 19090 ROW Maintenance 953951 2 0 SALE & DIST. OF ELECTRIC 221000 35134838 35134838 35134838 90115 90115 0 0 288344 288344 288344 6600 281744 43679 28216 15463 15463 15463 0 0 0 MERCHANDISING 221000 1948 1948 CONT IN AID OF CONST 221000 632366 632366 CASH PATRONAGE RECEIVED 221000 53663 53663 687977 36216737 35820867 8548 387322 0 0 0 0 693280 0 3252351 692771 0 289620 0 76275 0 0 0 0 0 0 0 0 0 0 0 0 0 1781640 0 3205123 0 GENERAL AND ADMIN 627477 DISTRIBUTION OPERATION 885113 DISTRIBUTION MAINTENANCE 1689908 COST OF POWER 20898934 Consumer accounts 538469 -1838891 32792070 0 0 0 265922 2025645 0 0 4613132 5740671 0 0 0 592512 541385 1879669 2036339 82627219 28074719 54512146 54552500 200000 200000 0 12075217 14091045 0 9122 11675 74147720 79199260 2718484 2874056 35023048 35741879 5181878 4999663 42923410 43615598 X 31224310 35583662 31224310 35583662 74147720 79199260 X 3424667 934685 X false true true X false false 82627219 28074719 54552500 54552500 14091045 OTHER POSTRETIREMENT BENEFITS 3662696 DEFERRED CREDITS 34993 CONSUMER DEPOSITS 893602 ACCRUED LIABILITIES 408372 4999663 36216737 32792070 3424667 1562538 1562538 4987205 37601151 37601151 -1384414 -1384414 36216737 32792070 32792070 32792070 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances PATRONAGE ADJUSTMENT FOR CASH REC. $2016780 UNREALIZED GAIN ON INVESTMENTS $76188 CONTRIBUTIONS IN AID OF CONSTRUCTION $ -632366 RETIREMENT OF CAPITAL CREDITS $ -386481 UNRECOGNIZED ACTUARIAL GAIN $ -139436 X X X X false false false WILLIAM PATRICK HENRY 124704 42958 5307 172969 Martin R Mothershead 126170 54699 5307 186176 JAMES A MOSS 115921 42140 5307 163368 Gregory W White 241727 132530 5307 379564 Russell G Brown - Director Key employee 40966023 Banking Activities dep false 990 PART VII SECTION A COLUMN F The Cooperative participates in the NRECA group defined pension plan. As part of this plan, participants are required to recognize the actuarial increase in the value of their account on the form 990. The contribution rate for participants in the plan is the same for all individuals in the plan. The change in actuarial value for each participant, however, varies with age. In other words, the older a participant is, the greater the increase in that individual's change in actuarial value with all other things being equal. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Governing documents and policies are available upon request. Financial data is presented to the members at the annual meeting and also included on the 990 which is available upon request. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees THE MEMBERS OF THE GOVERNING BOARD ALSO SERVE AS THE COMPENSATION COMMITTEE. ANNUALLY THEY EVALUATE THE PERFORMANCE OF THE CEO AND APPROVE THE COMPENSATION PACKAGE FOR THIS POSITION. ALSO, THE COMPENSATION COMMITTEE APPROVES ALL OTHER PAYROLL INCREASES IN TOTAL. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Officers, directors and key employees are required to disclose interests that could give rise to conflicts. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process NO REVIEW WAS OR WILL BE CONDUCTED. Form 990, Part VI, Line 7a Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Members of the governing board are elected by the membership of the cooperative. The board has monthly meetings and an annual meeting that is open to the entire membership. Form 990, Part VI, Line 6 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Northern Neck Electric Cooperative is an electric membership corporation that delivers electricity to the members of the Cooperative. The members of the cooperative elect the board of directors with serves as the governing body of the cooperative.