2011-11-10T06:42:44-08:00 2010-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2010-01-01 540387895 SOUTHSIDE ELECTRIC COOPERATIVE INC SOUT 4346457721 POST OFFICE BOX 7 CREWE VA 23930 JEFFREY S EDWARDS 2011-11-10 G STEVEN GILLIAM CPA 8043231313 2010 2016-02-24 21:20:13Z JEFFREY S EDWARDS 2000 WEST VIRGINIA AVENUE CREWE VA 23930 114029332 false false X WWW.SEC.COOP X 1937 VA Safe and effective distribution of electricity to the members of the cooperative. 9 9 192 48818 38856 0 112515410 112598949 111146 101936 1788519 1276927 114415075 113977812 0 0 15900666 16852367 0 0 94258783 92319262 110159449 109171629 4255626 4806183 241065585 253730652 154572354 159753817 86493231 93976835 Safe and effective distribution of electricity to the members of the cooperative. false false Safe and effective distribution 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 false false false false false false false false false false false true 23 0 true 192 true true true false false false false false false false false false 112696249 1106674 false false false false X 9 9 false false false false true true true true true false false false true true true true true true true true false false VA X X THE CORPORATION 8005522118 Post Office Box 7 CREWE VA 23930 Ricky Hux 52.00 X 108680 0 38986 QUENTIN E WILHELMI 7.00 X X 21600 0 0 PAUL S BENNETT 10.00 X 21600 0 0 MICHAEL LOBUE 12.00 X 18000 0 0 LILLIAN H HICKS 9.00 X 21600 0 0 JOHN L LEWIS III 7.00 X 21600 0 0 JEFFREY S EDWARDS 60.00 X 315029 0 315541 Jean Morris 50.00 X 117730 0 109329 HERBERT E WINN 13.00 X X 21600 0 0 George Felts 48.00 X 154122 0 61211 FRANK W BACON 12.00 X X 21600 0 0 Frank Harris 40.00 X 150998 0 55281 EARL C CURRIN JR 14.00 X X 21600 0 0 Dennis Bell 0.00 X 108390 0 41306 DANNY HAMMOND 50.00 X 159685 0 54135 CHARLES J FRIEDL 12.00 X 21600 0 0 1305434 675789 7 false true false New River Electrical 15 Cloverdale Place Cloverdale VA 24077 Substation Const. 303092 NaturChem Inc 1734 Union St Greenville NC 27834 Right-of-Way Clearin 545708 Lewis Tree Service PO Box 8000 buffalo NY 14267 ROW 2607576 Lee Electrical Construction PO Box 55 Aberdeen NC 28315 Line Construction 1638265 Davis H Elliot Compnay Inc PO Box 37251 Baltimore MD 21297 line construction 188292 10 0 Sale and Dist. of elect. 221000 112598949 112598949 112598949 101936 101936 0 0 323709 51520 272189 272189 45780 226409 0 0 0 0 Pole Sales 4050 4050 Cont. In aid of Const. 221000 790479 790479 Cash Patronage Rec. 221000 211221 211221 -1012 -1012 1004738 113977812 113600649 48818 328345 0 0 0 0 1035190 0 11623402 3225926 0 967849 0 103654 0 0 0 0 0 0 0 0 0 0 0 0 0 6634970 0 0 0 Dist. Maintenance 6726400 Depreciation 9719549 Customer Accounts 1483631 Cost of power 69180473 Admin & General 1884482 -3413897 109171629 0 0 0 1627952 160973 0 0 8859526 16747533 0 0 0 923075 710375 5921882 3559650 275263362 86360267 185513442 188903095 0 0 36518916 42551996 0 1700792 1097030 241065585 253730652 7964151 8051755 138683666 145312689 7924537 6389373 154572354 159753817 X 86493231 93976835 86493231 93976835 241065585 253730652 X 4806183 2677421 X false true true X false false 275263362 86360267 188903095 188903095 42551996 other 1164259 LIFE I AND LIFE II INCENTIVE PLANS 1110418 Deferred credits 1367412 CONSUMER deposits 1837340 CAPITAL LEASE OBLIGATIONS 761677 ACCRUED SICK LEAVE 148267 6389373 113977812 109171629 4806183 5241247 5241247 10047430 119219059 119219059 -5241247 -5241247 113977812 109171629 109171629 109171629 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances ADJUSTMENT FOR CASH PATRONAGE RECEIVED $6031726 $0 OTHER $138524 CONTRIBUTIONS IN AID OF CONSTRUCTION $ -790479 TOWER RENTAL $ -0 RETIREMENT OF CAPITAL CREDITS $ -2702350 X X X X false true false JEFFREY S EDWARDS 315029 299740 15801 630570 Jean Morris 117730 93528 15801 227059 George Felts 154122 45410 15801 215333 Frank Harris 150998 48951 6330 206279 DANNY HAMMOND 159685 38334 15801 213820 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 rates for participants in the plan are 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. These actuarial increases, do not represent actual cash received, but rather an unrealized actuarial increase in retirement accounts that is required to be reported on the form 990. 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 in the 990 which is also 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 The Cooperative put a policy in place during 2008. Anyone that has a conflict of interest will excuse themselves from discussions or voting on subject matter where a possible conflict exists. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process Manager of Finance and CEO review tax return with the board prior to filing. Form 990, Part VI, Line 7a Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Members of the governing body are subject to approval by the members as provided in its bylaws. Form 990, Part VI, Line 6 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Southside Electric Cooperative is an electric cooperative that delivers electricity to the members of the cooperative.