Civic Intelligence

Barc Electric Cooperative

990 • Fiscal year 2011 • EIN 54-0130127

Jan 01, 2011 to Dec 31, 2011 • Filed on Nov 12, 2012

Organization ProfileWWW.BARCELECTRIC.COM
PO Box 26424460
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.49x

Higher debt load relative to assets than 34% of similar nonprofits.

2011 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

14th percentile

1.1%

Faster asset growth than 14% of similar nonprofits.

2011 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$51,730,366

Up $543,791 (+1.1%) from 2010

Net Assets

Up

$26,499,960

Up $381,956 (+1.5%) from 2010

Liabilities

Up

$25,230,406

Up $161,835 (+0.6%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$22,095,284

Up $1,841,993 (+9.1%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2010: $51,186,575Liabilities 2010: $25,068,571Net Assets 2010: $26,118,0042010Assets 2011: $51,730,366Liabilities 2011: $25,230,406Net Assets 2011: $26,499,9602011Assets 2012: $51,947,137Liabilities 2012: $26,147,205Net Assets 2012: $25,799,9322012Assets 2013: $55,914,929Liabilities 2013: $28,497,973Net Assets 2013: $27,416,9562013Assets 2014: $58,385,547Liabilities 2014: $30,306,140Net Assets 2014: $28,079,4072014Assets 2015: $59,375,175Liabilities 2015: $30,796,973Net Assets 2015: $28,578,2022015Assets 2016: $61,663,144Liabilities 2016: $32,285,289Net Assets 2016: $29,377,8552016Assets 2017: $69,154,844Liabilities 2017: $38,473,675Net Assets 2017: $30,681,1692017Assets 2018: $79,403,132Liabilities 2018: $48,646,372Net Assets 2018: $30,756,7602018Assets 2019: $96,915,680Liabilities 2019: $65,898,020Net Assets 2019: $31,017,6602019Assets 2020: $118,814,902Liabilities 2020: $87,078,504Net Assets 2020: $31,736,3982020Assets 2021: $141,938,050Liabilities 2021: $107,157,383Net Assets 2021: $34,780,6672021Assets 2022: $171,302,086Liabilities 2022: $134,588,653Net Assets 2022: $36,713,4332022

Highlighted filing

2011

Assets$51,730,366
Liabilities$25,230,406
Net Assets$26,499,960
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $20,253,2912010Expenses 2011: $22,095,2842011Revenue 2012: $21,911,328Expenses 2012: $22,648,111Net Income 2012: -$736,7832012Revenue 2013: $21,726,602Expenses 2013: $21,675,328Net Income 2013: $51,2742013Revenue 2014: $23,038,378Expenses 2014: $22,488,649Net Income 2014: $549,7292014Revenue 2015: $24,234,746Expenses 2015: $23,820,061Net Income 2015: $414,6852015Revenue 2016: $24,318,399Expenses 2016: $23,938,915Net Income 2016: $379,4842016Revenue 2017: $23,481,686Expenses 2017: $22,987,995Net Income 2017: $493,6912017Revenue 2018: $25,815,836Expenses 2018: $25,904,962Net Income 2018: -$89,1262018Revenue 2019: $28,837,593Expenses 2019: $28,394,896Net Income 2019: $442,6972019Revenue 2020: $29,594,882Expenses 2020: $28,061,175Net Income 2020: $1,533,7072020Revenue 2021: $35,646,972Expenses 2021: $30,954,169Net Income 2021: $4,692,8032021Revenue 2022: $38,312,606Expenses 2022: $37,239,068Net Income 2022: $1,073,5382022

Highlighted filing

2011

Revenue-
Expenses$22,095,284
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Nov 12, 2012
Return Version
2011v1.2
Gross Receipts
$21,944,287
Mission and Program Overview

Mission

Safe and efficient distribution of electricity to rural consumers

Filing and Contact Details

Filer

EIN
54-0130127
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IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0SALE OF FUEL / DIESEL
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson0JASON P BLACK - DIRECTOR
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0FINANCIAL CONTROLLER
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IRS990ScheduleO/GeneralExplanation/Explanation0The officers of the Cooperative participate in a multi-employer defined benefit pension plan. Included in column C is the actuarial increase associated with the plan. It should be noted that 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 actuarial value, all other things being equal.
IRS990ScheduleO/GeneralExplanation/Explanation1PATRONAGE DIVIDENDS ARE PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE-EXISTING OBLIGATION IN BARC ELECTRIC COOPERATIVE'S BYLAWS. THE CORPORATION IS OBLIGATED TO PAY BY CREDITS TO A CAPITAL ACCOUNT FOR EACH PATRON ALL SUCH AMOUNTS IN EXCESS OF OPERATING COSTS AND EXPENSES. IRS INSTRUCTIONS FOR LINE 4 CHANGED IN 2011 TO INCLUDE PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS. ACCORDINGLY, THESE AMOUNTS ARE NOW REPORTED ON LINE 4. THE TOTAL PAID FOR 2010 WAS $2,268,396.
IRS990ScheduleO/GeneralExplanation/Explanation2Information is available upon request from the Cooperative. Financial information is provided to the membership at the annual meeting.
IRS990ScheduleO/GeneralExplanation/Explanation3These documents are available upon request. Financial data is provided to the membership at the annual meeting each year.
IRS990ScheduleO/GeneralExplanation/Explanation4Annually, directors review potential conflicts of interest. Directors always remove themselves from voting on issues that could present a conflict of interest.
IRS990ScheduleO/GeneralExplanation/Explanation5Management reviewed the 990 with the board after the return was filed.
IRS990ScheduleO/GeneralExplanation/Explanation6The Cooperatives by-laws are voted on by the members of the cooperative at the annual meeting.
IRS990ScheduleO/GeneralExplanation/Explanation7Members of BARC receive one vote with respect to selecting the cooperative's board of directors.
IRS990ScheduleO/GeneralExplanation/Explanation8BARC is an electric cooperative that delivers electricity to the members of the cooperative. The members of the cooperative elect the board of directors which serves as the governing body.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Line 15b
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Line 11
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part VI, Line 7b
IRS990ScheduleO/GeneralExplanation/Identifier5Form 990, Part VI, Line 7a
IRS990ScheduleO/GeneralExplanation/Identifier6Form 990, Part VI, Line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference0Schedule J, Part II, Column C
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Line 11: Form 990 Review Process
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/GeneralExplanation/ReturnReference7Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/GeneralExplanation/ReturnReference8Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
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IRS990/SignificantNewProgramServices0false
IRS990/StateLegalDomicile0VA
IRS990/StatesWhereCopyOfReturnIsFiled0VA
IRS990/SubjectToProxyTax0false
IRS990/TaxableDistributions0false
IRS990/TaxablePartyNotification0false
IRS990/TaxExemptBonds0false
IRS990/Terminated0false
IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10PO BOX 264

Document Assets

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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$51,730,366
Liabilities
$25,230,406
Net assets
$26,499,960
Revenue
-
Expenses
$22,095,284
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$171$135$36.7$38.3$37.2$1.07
2021Detailed filing. Detailed filing data is available for this year.$142$107$34.8$35.6$31.0$4.69
2020Detailed filing. Detailed filing data is available for this year.$119$87.1$31.7$29.6$28.1$1.53
2019Detailed filing. Detailed filing data is available for this year.$96.9$65.9$31.0$28.8$28.4$0.44
2018Detailed filing. Detailed filing data is available for this year.$79.4$48.6$30.8$25.8$25.9$0.09
2017Detailed filing. Detailed filing data is available for this year.$69.2$38.5$30.7$23.5$23.0$0.49
2016Detailed filing. Detailed filing data is available for this year.$61.7$32.3$29.4$24.3$23.9$0.38
2015Detailed filing. Detailed filing data is available for this year.$59.4$30.8$28.6$24.2$23.8$0.41
2014Detailed filing. Detailed filing data is available for this year.$58.4$30.3$28.1$23.0$22.5$0.55
2013Summary only. Only limited summary data is available for this year.$55.9$28.5$27.4$21.7$21.7$0.05
2012Summary only. Only limited summary data is available for this year.$51.9$26.1$25.8$21.9$22.6$0.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.7$25.2$26.5$22.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.2$25.1$26.1$20.3