2011-11-15T12:20:26-06:00 2010-12-31 990 2010-01-01 541135340 RAPPAHANNOCK ELECTRIC COOPERATIVE RAPP 5408988500 P O BOX 7388 FREDERICKSBURG VA 224047388 Kent D Farmer 5408988500 2011-11-01 2010 2016-03-07 17:11:31Z Kent D Farmer P O BOX 7388 FREDERICKSBURG VA 224047388 364110502 0 X www.myrec.coop X 1980 VA Sale and distribution of electricity. 12 12 411 0 117419 0 0 4111582 280187770 358741674 597730 636259 531045 620987 281316545 364110502 22523 26442 0 0 24730713 30908670 0 0 0 239198880 309358739 263952116 340293851 17364429 23816651 521386481 759029987 248751668 456186324 272634813 302843663 X To enhance the lives of our customers by providing reliable electric service, dependable products and support to the communities we serve. 1 0 Distributed electricity to 154,926 members Connected 51,478 new services of which about 50,000 came from our acquisition Energized 3,455 additional miles of line of which about 3,000 came from our acquisition 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 0 0 0 0 0 1 1 1 0 1 54 0 1 411 1 1 1 0 0 0 0 0 0 353665817 9941117 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X The Cooperative 5408988500 247 Industrial Court Fredericksburg VA 22408 Richard C Oliver 18.00 X X 32448 0 1575 Darlene H Carpenter 9.00 X X 35200 0 1575 Linda R Gray 7.00 X X 33625 0 1575 William E Lane 7.00 X X 33500 0 1575 William M Alphin 3.20 X 30000 0 1575 Frank B Boxley Jr 7.00 X 32725 0 1575 Wickham B Coleman 6.00 X 23425 0 1575 William C Frazier 9.30 X 28100 0 1575 Thomas T Grady 8.00 X 31900 0 0 A Nash Johnston 10.00 X 23800 0 1575 Michael W Lindsay 15.00 X 4250 0 0 Christopher G Shipe 2.00 X 4250 0 0 Kent D Farmer 40.00 X 439550 0 120495 Robert A Ellis 40.00 X 192645 0 68998 Craig B Lewis 40.00 X 170829 0 51820 Deanna C Kurz 40.00 X 97014 0 35607 Ernest L Bates Jr 40.00 X 163561 0 50304 Rhonda F Curtis 40.00 X 162258 0 51509 Ronald W Harris 40.00 X 150062 0 50608 John L Mitchell Jr 40.00 X 145461 0 43753 Robert W Beard 40.00 X 144588 0 51383 J Bruce Barnett 40.00 X 171786 0 41345 2150977 0 579997 54 1 1 0 E & R INC P O BOX 3552 KINSTON NC 28502 Substation contractor 3809198 LEWIS TREE SERVICE INC DEPT 886 P O BOX 8000 BUFFALO NY 14267 Right-of-way maintenance 3715021 LOCKHEED MARTIN GOVERNMENT INC 2339 ROUTE 70 WEST CHERRY HILL NJ 080023315 Information technology services 3681820 C W WRIGHT CONSTRUCTION CO INC P O BOX 3810 CHESTER VA 23831 New line construction 3126839 WOLF TREE EXPERTS INC P O BOX 415000-0046 NASHVILLE TN 372410046 Right-of-way maintenance 2870279 28 4111582 4111582 Sale of electric energ 221000 348804299 348804299 Other electric revenue 221000 5635953 5635953 Cont in aid of constru 221000 3688817 3688817 Patronage capital 221000 612605 612605 358741674 636259 636259 503568 503568 503568 503568 Unrelated debt-fin inc 531120 47304 47304 Training services 611600 21215 21215 Admin and support 561000 7978 7978 40922 40922 117419 364110502 358741674 117419 1139827 26442 1504356 19545374 3957413 3696623 2204904 214645 86976 606824 2785560 5591160 391666 209817 11867301 23260959 588063 Purchased power 248056101 Distribution expense-ma 9277028 Distribution expense-op 3956234 Other miscellaneous exp 3481876 Cr alloc capital portio -1015471 340293851 2652186 4311769 8394045 14262 18142192 48092244 1000 1456 32213 28854 3804332 5565362 14702902 30176472 836397590 273371816 380762404 563025774 2921892 2182789 2571122 2251125 87402193 103379880 521386481 759029987 57968914 271927263 190782754 184259061 248751668 456186324 X 0 0 0 0 272634813 302843663 272634813 302843663 521386481 759029987 X 23816651 6392199 X X 0 1 1 X 1 1 17353278 17353278 819044312 273371816 545672496 563025774 Investment in Assoc Org Patronage Capital 103379880 C 103379880 1 X Procedure for Monitoring Grants in the U.S.: Part I, Line 2: Schedule I, Part I, Line 2: There is an adopted Board policy for donations. In general, the CEO is only authorized to request $1,000 or less. Those requests for greater than $1,000 are submitted to the Board. Donations will be granted in general proportion to number of members in each county in REC's territory. Only 501(c)3 organizations are eligible (no individuals). These organizations have to be located in and around REC's service territory and provide services to our members or employees. Finally, the organizations and causes must have broad community support, address specific community needs, and demonstrate fiscal and administrative stability. X X X X 0 1 0 Kent D Farmer 439550 0 0 0 0 0 106130 0 14365 0 560045 0 0 0 Robert A Ellis 192645 0 0 0 0 0 54633 0 14365 0 261643 0 0 0 Craig B Lewis 170829 0 0 0 0 0 37455 0 14365 0 222649 0 0 0 Ernest L Bates Jr 163561 0 0 0 0 0 35939 0 14365 0 213865 0 0 0 Rhonda F Curtis 162258 0 0 0 0 0 37144 0 14365 0 213767 0 0 0 Ronald W Harris 150062 0 0 0 0 0 36243 0 14365 0 200670 0 0 0 John L Mitchell Jr 145461 0 0 0 0 0 29388 0 14365 0 189214 0 0 0 Robert W Beard 144588 0 0 0 0 0 37018 0 14365 0 195971 0 0 0 J Bruce Barnett 171786 0 0 0 0 0 33409 0 7936 0 213131 0 0 0 Part I, Line 4a Richard C Oliver-1352 Frank B Boxley Jr-1575 Linda R Gray-1575 Wickham B Coleman-1575 Kent D Farmer-4100 Craig B Lewis Employee computer purchase program X 1001 346 0 1 1 Rhonda F Curtis Employee computer purchase program X 1519 1110 0 1 1 1456 Darlene H Carpenter Vice Chairman Board Member of Old Dominion Electric Cooperative and Committee Member of Va Md Del Assoc of Electric Cooperatives 0 0 0 New Program Services Form 990, Part III, line 2 Acquisition of approximately 50% of Potomac Edison Company's electric distribution facilities used in connection with the retail distribution and sale of electric power located in its Virginia service territory. Form 990, Part VI, Section A, line 6 Any person or other legal entity who is able to enter into a legally binding contract will become a member of REC upon receipt of electric service from REC. Form 990, Part VI, Section A, line 7a In any election for Board Director, each member shall have the right to vote for the duly nominated candidate of their choice in person at the annual meeting or upon a proxy form. Form 990, Part VI, Section A, line 7b An action by the Board of Directors such as amending the Bylaws has to be adopted by an affirmative vote of not less than two-thirds of the members present in person or by proxy at any annual or special meeting of the members. Form 990, Part VI, Section B, line 11 Approximately one month before the Form 990 is submitted to the IRS, the Board of Directors receives a copy of the form. REC's management reviews the Form 990 with the Board and answers any questions brought to their attention. Form 990, Part VI, Section B, line 12c REC's conflict of interest questionaire is given out in February for the most current previous year and is filled out, signed and returned within two months. Form 990, Part VI, Section B, line 15 REC's C.E.O. is reviewed by the Board of Directors for merit evaluation. Market adjustments are determined through Human Resources using comparable data. REC's other officers and key employees are reviewed by direct supervisors for merit evaluation. Market adjustments are determined through Human Resources using comparable data. Form 990, Part VI, Section C, line 18 The Forms 990 and 990-T are available upon request. There is time and payment required for copying the forms. Form 990, Part VI, Section C, line 19 REC's bylaws and audited financial statements are available upon request. These documents are readily available when requested and usually do not require time for copying or expense reimbursement. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Decrease in Memberships -3335. Retirement of Patronage Capital -2198784. Net Loss of Subsidiary -3313. Contributions in Aid of Construction -3688817. Contributions in Aid of Construction-SMART Grid Investment Grant -3801764. Postretirement Benefit Plan Gain 225965. Difference in Cash Pat. Capital vs. Total Pat. Capital 15862247. Total to Form 990, Part XI, Line 5: 6392199. PART XII LINE 2C No change was made to this procedure from the prior year. Project Big Heart P O Box 7388 Fredericksburg VA 22404 541681276 Charitable giving within community VA 501(c)(3) 7 N/A 0 Community Awareness of Rappahannock Electric Charity P O Box 7388 Fredericksburg VA 22404 203160667 Charitable giving within community VA 501(c)(3) 7 N/A 0 Rappahannock Electric Communications Inc Post Office Box 8059 Fredericksburg VA 22404 541509322 Markets and sells products and services VA Rappahannock Electric Cooperative C -3313 638680 1.00000 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 Rappahannock Electric Communications Inc A 14734 Market Rappahannock Electric Communications Inc K 404894 Market