2011-11-10T11:16:05-08:00 2010-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2010-01-01 540377465 SHENANDOAH VALLEY ELECTRIC COOPERATIVE SHEN 5404342200 PO BOX 236 MT CRAWFORD VA 22841 MYRON D RUMMEL 2011-11-10 G STEVEN GILLIAM CPA 8043231313 2010 2016-02-24 21:20:13Z MYRON D RUMMEL 165845216 false false X www.svec.coop X 1936 VA SAfe and effective DISTRIBUTION OF ELECTRICITY TO the members of SVEC 9 9 223 41150 40150 0 91554688 164602718 175276 642572 496898 571281 92226862 165816571 0 0 10302084 14472706 0 0 79045385 145649457 89347469 160122163 2879393 5694408 168872309 400467604 93254072 315762307 75618237 84705297 SAfe and effective DISTRIBUTION OF ELECTRICITY TO the members of SVEC false false SAFE AND EFFECTIVE distribution OF ELECTRICITY to the members of SVEC 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 46 0 true 223 true true true false false false false false false false false false 163141655 2252418 false false false false X 9 9 false false true false true true true true true false false false true true true true false true true true false false VA X SHENANDOAH VALLEY ELECT COOP 5404342200 PO BOX 236 MT CRAWFORD VA 22841 Wayne D Hannah Jr 50.00 X 108545 0 24342 STEPHEN BURKHOLDER 7.00 X X 15593 0 0 Ronald C Shickel 50.00 X 103199 0 37494 Myron D Rummel 50.00 X 267225 0 150877 LARRY E GARBER 4.00 X 15300 0 0 Larry C HOWDYSHELL 8.00 X X 15324 0 0 Joyce R CRAUN 2.00 X 14900 0 0 John Coffey III 65.00 X 140816 0 25512 JEFFERY HARMON 47.00 X 119528 0 48497 JAMES E ZERKEL II 5.00 X X 16314 0 0 Gerald A HEATWOLE 4.00 X 14904 0 0 George D Dove 50.00 X 102908 0 51706 Fred C GARBER 8.00 X 14700 0 0 DENNIS A FUNK 5.00 X 15925 0 0 Charlotte Faye Bottenfield 50.00 X 103228 0 45233 Charles H Huffman 4.00 X 14872 0 0 Allen R Ritchie 58.00 X 136676 0 68235 1219957 451896 8 false true false DAVIS H ELLIOTT PO BOX 37251 Baltimore MD 21297 Line Construction 1111780 CW WRIGHT CONSTRUCTION 11500 IRONBRIDGE ROAD CHESTER VA 23831 LINE CONSTRUCTION 690719 Augusta Utilities PO Box 8 Verona VA 24482 UG Cable Inst. 508526 ASPLUNDH 708 BLAIR MILL RD WILLOW GROVE PA 19090 RIGHT OF WAY 1908964 Aerial Solutions 7074 Ramsey Ford Road Tabor City NC 28463 Helicopter Side Trim 739285 16 0 SALE AND DIST. OF ELECT. 163141655 163141655 PATRONAGE ALLOC. RECEIVED 140757 140757 CONTRIB. IN AID OF CONST. 1320306 1320306 164602718 642572 642572 0 0 599926 28645 571281 571281 41150 530131 0 0 0 0 0 165816571 164602718 41150 1172703 0 0 0 0 1060060 0 10460017 2008000 0 944629 0 1259082 0 0 0 0 0 0 0 0 0 0 0 0 0 4671849 0 10782533 0 OTHER 3056342 DISTRIBUTION OPERATION 3041883 DISTRIBUTION MAINTENANCE 5117979 COST OF POWER 122685674 CONSUMER ACCOUNTS 883191 -5849076 160122163 0 0 0 3301501 15689574 912867 34019919 0 11011805 37131599 0 0 0 3549823 8314232 2020088 10143810 404205175 146937800 116466323 257267375 0 0 30837662 37098876 0 772240 802219 168872309 400467604 6678785 28037305 82131034 259892163 4444253 27832839 93254072 315762307 X 75618237 84705297 75618237 84705297 168872309 400467604 X 5694408 3392652 X false true true X false false 3381821 3381821 400823354 146937800 253885554 257267375 37098876 Other current liabilites 1650711 Other 540 Deferred rate mitigation 5000000 Deferred Fuel costs 932763 Customer advances 324384 CONSUMER DEPOSITS 5223288 Advance pole rentals 205799 Advance Payments - Sale of WV assets 14495354 27832839 165816571 160122163 5694408 4932522 4932522 10626930 170762068 170762068 -4945497 -4945497 165816571 160135138 160135138 -12975 -12975 160122163 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances ADJ. FOR CASH PAT. CAP. RECEIVED $6252828 NET CHANGE IN DONATED CAPITAL $102536 NET CHANGE IN MEMBERSHIPS $212435 CONTRIBUTIONS IN AID OF CONST. $ -1320306 RETIREMENT OF CAPITAL CREDITS $ -1854841 X X X X X X false false false Myron D Rummel 267225 143545 7332 418102 John Coffey III 140816 18792 6720 166328 JEFFERY HARMON 119528 42303 6194 168025 George D Dove 102908 45512 6194 154614 Allen R Ritchie 136676 62041 6194 204911 Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. 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 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. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available GOVERNING DOCUMENTS, POLICIES, FORM 990 AND FINANCIAL STATEMENTS ARE ALWAYS AVAILABLE UPON REQUEST. BYLAWS,RATES AND TERMS ARE DISCLOSED ON THE COOPERATIVES WEBSITE. FINANCIAL INFORMATION IS PRESENTED TO THE MEMBERSHIP EACH YEAR AT THE ANNUAL MEETING. THIS INFORMATION IS ALSO PUBLISHED IN THE COOPERATIVE'S MAGAZINE COOPERATIVE LIVING WITH LINKS AVAILABLE ON THE WEBSITE. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees THE GOVERNING BOARD'S COMPENSATION AND BENEFITS COMMITTEE DOES AN ANNUAL REVIEW OF OFFICERS AND KEY EMPLOYEE'S COMPENSATION AND BENEFITS. THIS IS DONE AFTER A THIRD PARTY REVIEW OF THE OVERALL COMPENSATION. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts THE COOPERATIVE'S LEGAL COUNSEL ANNUALLY REVIEWS THE CONFLICT OF INTEREST COMPLIANCE AND ENFORCEMENT WITH THE GOVERNING BOARD. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process THE VICE PRESIDENT OF FINANCE REVIEWS THE 990 WITH THE BOARD PRIOR TO FILING WITH THE IRS. 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 SHENANDOAH VALLEY ELECTRIC COOPERATIVE IS AN ELECTRIC MEMBERSHIP COOPERATIVE THAT DELIVERS ELECTRICITY TO THE MEMBERS OF SVEC. Form 990, Part VI, Line 4 Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents The membership voted to change the articles of incorporation to include new service territory.