Civic Intelligence

Barc Electric Cooperative

990 • Fiscal year 2014 • EIN 54-0130127

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 26, 2015

Organization ProfileWWW.BARCELECTRIC.COM
PO Box 264Millboro, VA 24460

(800) 846-2272

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.52x

Higher debt load relative to assets than 42% of similar nonprofits.

2014 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

53rd percentile

1.32x

Higher debt load relative to revenue than 53% of similar nonprofits.

2014 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2014

Net Margin

68th percentile

2.4%

Higher net margin than 68% of similar nonprofits.

2014 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

81st percentile

$271,012

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2014 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2014

Asset Growth

63rd percentile

4.4%

Faster asset growth than 63% of similar nonprofits.

2014 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

59th percentile

6.0%

Faster revenue growth than 59% of similar nonprofits.

2014 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Up

$58,385,547

Up $2,470,618 (+4.4%) from 2013

Net Assets

Up

$28,079,407

Up $662,451 (+2.4%) from 2013

Liabilities

Up

$30,306,140

Up $1,808,167 (+6.3%) from 2013

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin68th percentile

Revenue

Up

$23,038,378

Up $1,311,776 (+6.0%) from 2013

Expenses

Up

$22,488,649

Up $813,321 (+3.8%) from 2013

Net Income

Up

$549,729

Up $498,455 (+972%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth63rd 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

2014

Assets$58,385,547
Liabilities$30,306,140
Net Assets$28,079,407
Open 2014 Filing

Operations Trend

Revenue Growth59th percentile

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

2014

Revenue$23,038,378
Expenses$22,488,649
Net Income$549,729
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 26, 2015
Return Version
2014v5.0
Gross Receipts
$23,038,891
Mission and Program Overview

Mission

Safe and efficient distribution of electricity to rural consumers

Safe and efficient distribution of electricity to rural consumers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$40,389,487$42,437,350▲ $2,047,863
Rtn Earn Endowment Incm Other Fnds$27,416,956$28,079,407▲ $662,451
Investments Program Related$9,425,141$9,561,506▲ $136,365
Accounts Receivable$3,314,766$3,491,439▲ $176,673
Prepaid Expenses and Deferred Charges$1,447,713$1,370,996▼ $76,717
Inventories for Sale or Use$1,097,500$1,195,352▲ $97,852
Cash and Non-Interest-Bearing Accounts$240,322$328,904▲ $88,582
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$55,914,929$58,385,547▲ $2,470,618
Liabilities
Mortgage Notes Payable Secured by Investment Property$24,274,003$25,697,825▲ $1,423,822
Other Liabilities$2,659,020$2,765,184▲ $106,164
Accounts Payable and Accrued Expenses$1,564,950$1,843,131▲ $278,181
Total Liabilities$28,497,973$30,306,140▲ $1,808,167
Net Assets / Fund Balance
Total Net Assets Fund Balance$27,416,956$28,079,407▲ $662,451
Total Liabilities and Net Assets / Fund Balance$55,914,929$58,385,547▲ $2,470,618

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$40,390,986$25,699,947$66,090,933
Other Land Buildings$1,197,060-$1,197,060
Buildings$576,130$501,285$1,077,415
Land$273,174-$273,174
Investment Program Related Org$14,240--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mike KeyserCEOFT$192,164$78,848$271,012
Jay Lewis IiDirector-$15,850-$15,850
John M QuantzSecretary/treasurerPT$14,850-$14,850
Jason P BlackDirectorPT$13,950-$13,950
Gary R JohnsonAsst Secretary/treasurerPT$13,825-$13,825
Edsel B FordDirectorPT$13,050-$13,050
C Michael SandridgeVice President-$12,925-$12,925
Keith L SwisherPresident-$10,706-$10,706

Highest Paid Contractors

ContractorServicesLocationCompensation
Pittman's Tree And LandscapingRight-of-way Maint.PO BOX 531, Front Royal, VA 22630$925,085
Pike ElectricPole ReplacementsPO BOX 1000, Memphis, TN 38148$829,958
Power Secure INCConstruction Support / EngineeringPO BOX 660367, Dallas, TX 75266-0367$725,433
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$22,991,045
Investment Income
$47,333
Other Revenue
$0
Change in Net Assets
$549,729

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,038,378
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$380
Total Revenue per Audited Statements
$23,038,758
Total Revenue per Form 990
$23,038,378
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,790,146
Salaries, Compensation, and Employee Benefits$878,575
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$2,017,535
Interest---$1,102,471
Other Salaries and Wages---$878,575
Benefits to Members---$819,928
Other Expenses---$628,160
All Other Expenses---$616,182
Office Expenses---$278,782
Fees for Services Other---$136,572
Travel---$19,542
Advertising---$622
Total Functional Expenses$0$0$0$22,488,649

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$22,488,649
Expenses per Audited Statements$21,669,101
Total Expenses per Audited Statements$21,669,101
Expenses Not Reported on Financial Statements$819,548
Other Expense Adjustments$819,548
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Credits$934,096
Consumer Deposits$882,190
Other Current and Accrued Liabilities$706,636
Asset Retirement Obligation$166,006
Consumer Prepayments$76,256
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Barc 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.”

Form 990, Part VI, Section A, Line 7A

“Members of barc receive one vote with respect to selecting the cooperative's board of directors.”

Form 990, Part VI, Section A, Line 7B

“The members of the cooperative elect the board of directors which serves as the governing body.”

Form 990, Part VI, Section B, Line 11

“Management reviewed the 990 with the board after the return was filed.”

Form 990, Part VI, Section B, Line 12C

“Annually, directors review potential conflicts of interest. Directors always remove themselves from voting on issues that could present a conflict of interest.”

Form 990, Part VI, Section B, Line 15

“Ceo salary survey performed by national consulting group and contemporaneous salary data was provided. Other officers - salaries based on three contemporaneous reference points: usbls, nreca, virginia e.c. For non-metro western virginia.”

Form 990, Part VI, Section C, Line 19

“These documents are available upon request. Financial data is provided to the membership at the annual meeting each year.”

Filing and Contact Details

Filer

Filer Name
Barc Electric Cooperative
EIN
54-0130127
Phone
8008462272
Address
PO BOX 264, MILLBORO, VA 24460

Signing Officer

Name
Mike Keyser
Title
Chief Executive Officer
Phone
8008462272
Signed
2015-10-26

Organization Details

Principal Officer
Mike Keyser
Formed
1938
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
51
Volunteers
0

Preparer

Firm
Brown Edwards & Company Llp
Address
319 MCCLANAHAN ST SW, ROANOKE, VA 24014
Preparer
Chris Banta
Phone
5403450936
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in memberships -625. Change in unclaimed capital credits 113,347.”

FORM 990, PART XII, LINE 2C:

“This process is unchanged from the prior year.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Defferred tax gain on net operating losses of subsidiary 380.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Retirement of capital credits 819,928. Deferred tax gain on net operating losses of subsidiary -380.”

Raw XML AppendixShowing 400 of 446 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01564950
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01843131
IRS990/AccountsReceivableGrp/BOYAmt03314766
IRS990/AccountsReceivableGrp/EOYAmt03491439
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SAFE AND EFFICIENT DISTRIBUTION OF ELECTRICITY TO RURAL CONSUMERS.
IRS990/AdvertisingGrp/TotalAmt0622
IRS990/AllOtherExpensesGrp/TotalAmt0616182
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt0819928
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum08008462272
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 264
IRS990/BooksInCareOfDetail/USAddress/CityNm0MILLBORO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd024460
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0240322
IRS990/CashNonInterestBearingGrp/EOYAmt0328904
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0925085
IRS990/ContractorCompensationGrp/CompensationAmt1829958
IRS990/ContractorCompensationGrp/CompensationAmt2725433
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 531
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1PO BOX 1000
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 660367
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0FRONT ROYAL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1MEMPHIS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2DALLAS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0VA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1TN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd022630
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd138148
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd2752660367
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0PITTMAN'S TREE AND LANDSCAPING
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1PIKE ELECTRIC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2POWER SECURE INC
IRS990/ContractorCompensationGrp/ServicesDesc0RIGHT-OF-WAY MAINT.
IRS990/ContractorCompensationGrp/ServicesDesc1POLE REPLACEMENTS
IRS990/ContractorCompensationGrp/ServicesDesc2CONSTRUCTION SUPPORT / ENGINEERING
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt0819928
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt047333
IRS990/CYOtherExpensesAmt020790146
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt022991045
IRS990/CYRevenuesLessExpensesAmt0549729
IRS990/CYSalariesCompEmpBnftPaidAmt0878575
IRS990/CYTotalExpensesAmt022488649
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt023038378
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt02017535
IRS990/Desc0SAFE AND EFFICIENT DELIVERY OF ELECTRICITY TO THE MEMBERS OF BARC ELECTRIC COOPERATIVE.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt051
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesOtherGrp/TotalAmt0136572
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt28.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt44.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt54.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt63.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt753848
IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN M QUANTZ
IRS990/Form990PartVIISectionAGrp/PersonNm1EDSEL B FORD
IRS990/Form990PartVIISectionAGrp/PersonNm2JASON P BLACK
IRS990/Form990PartVIISectionAGrp/PersonNm3GARY R JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm4C MICHAEL SANDRIDGE
IRS990/Form990PartVIISectionAGrp/PersonNm5KEITH L SWISHER
IRS990/Form990PartVIISectionAGrp/PersonNm6JAY LEWIS II
IRS990/Form990PartVIISectionAGrp/PersonNm7MIKE KEYSER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt014850
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt113050
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt213950
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt313825
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt412925
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt510706
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt615850
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7217164
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASST SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01938
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-513
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt023038891
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt01102471
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01097500
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01195352
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt047846
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt047846
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt09425141
IRS990/InvestmentsProgramRelatedGrp/EOYAmt09561506
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt026201232
IRS990/LandBldgEquipBasisNetGrp/BOYAmt040389487
IRS990/LandBldgEquipBasisNetGrp/EOYAmt042437350
IRS990/LandBldgEquipCostOrOtherBssAmt068638582
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0513
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt022334103
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SAFE AND EFFICIENT DISTRIBUTION OF ELECTRICITY TO RURAL CONSUMERS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt024274003
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt025697825
IRS990/NetAssetsOrFundBalancesBOYAmt027416956
IRS990/NetAssetsOrFundBalancesEOYAmt028079407
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-513
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-513
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt0278782
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0112722
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION MAINTENANC
IRS990/OtherExpensesGrp/Desc2DISTRIBUTION OPERATION
IRS990/OtherExpensesGrp/Desc3CONSUMER ACCOUNTS
IRS990/OtherExpensesGrp/TotalAmt013014801
IRS990/OtherExpensesGrp/TotalAmt11859373
IRS990/OtherExpensesGrp/TotalAmt21116106
IRS990/OtherExpensesGrp/TotalAmt3628160
IRS990/OtherLiabilitiesGrp/BOYAmt02659020
IRS990/OtherLiabilitiesGrp/EOYAmt02765184
IRS990/OtherOrganizationDsc0COOPERATIVE
IRS990/OtherSalariesAndWagesGrp/TotalAmt0878575
IRS990/OtherSourcesGrossIncomeAmt00
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01447713
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01370996
IRS990/PrincipalOfficerNm0MIKE KEYSER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/BusinessCd3423000
IRS990/ProgramServiceRevenueGrp/Desc0SALE AND DIST OF ELECTRICITY TO M
IRS990/ProgramServiceRevenueGrp/Desc1POLE RENTAL
IRS990/ProgramServiceRevenueGrp/Desc2PATRONAGE ALLOCATIONS
IRS990/ProgramServiceRevenueGrp/Desc3LEASE OF GENERATORS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0450737
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt022334103
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1176041
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt022334103
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1450737
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2176041
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt330164
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt030164
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt01004204
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt098025
IRS990/PYOtherExpensesAmt019799616
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt021628577
IRS990/PYRevenuesLessExpensesAmt051274
IRS990/PYSalariesCompEmpBnftPaidAmt0871508
IRS990/PYTotalExpensesAmt021675328
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt021726602
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0549729
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt022557477
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt027416956
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt028079407
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0576130
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0501285
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01077415
IRS990ScheduleD/EquipmentGrp/BookValueAmt040390986
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025699947
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt066090933
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0819548
IRS990ScheduleD/ExpensesSubtotalAmt021669101
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt08179794
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1592432
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2590040
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3135000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt450000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt514240
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0OLD DOMINION PATRONAGE CAPITAL ALLOCATION
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1OTHER PATRONAGE CAPITAL ALLOCATIONS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2CFC CAPITAL TERM CERTIFICATES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3TEC STOCK
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4CFC MEMBER CAPITAL CERTIFICATES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5OTHER
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/LandGrp/BookValueAmt0273174
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0273174
IRS990ScheduleD/OtherExpensesNotIncludedAmt0819548
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01197060
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01197060
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0882190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1166006
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2706636
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3934096
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt476256
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONSUMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ASSET RETIREMENT OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER CURRENT AND ACCRUED LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED CREDITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4CONSUMER PREPAYMENTS
IRS990ScheduleD/OtherRevenueAmt0380
IRS990ScheduleD/RevenueNotReportedAmt0380
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt023038378
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DEFFERRED TAX GAIN ON NET OPERATING LOSSES OF SUBSIDIARY 380.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RETIREMENT OF CAPITAL CREDITS 819,928. DEFERRED TAX GAIN ON NET OPERATING LOSSES OF SUBSIDIARY -380.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt042437350
IRS990ScheduleD/TotalBookValueProgramRltdAmt09561506
IRS990ScheduleD/TotalExpensesPerForm990Amt022488649
IRS990ScheduleD/TotalLiabilityAmt02765184
IRS990ScheduleD/TotalRevenuePerForm990Amt023038378
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt023038758
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt021669101
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0192164
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount025000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt046116
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt07732
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MIKE KEYSER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0271012
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BARC 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/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF BARC RECEIVE ONE VOTE WITH RESPECT TO SELECTING THE COOPERATIVE'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF THE COOPERATIVE ELECT THE BOARD OF DIRECTORS WHICH SERVES AS THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT REVIEWED THE 990 WITH THE BOARD AFTER THE RETURN WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUALLY, DIRECTORS REVIEW POTENTIAL CONFLICTS OF INTEREST. DIRECTORS ALWAYS REMOVE THEMSELVES FROM VOTING ON ISSUES THAT COULD PRESENT A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CEO SALARY SURVEY PERFORMED BY NATIONAL CONSULTING GROUP AND CONTEMPORANEOUS SALARY DATA WAS PROVIDED. OTHER OFFICERS - SALARIES BASED ON THREE CONTEMPORANEOUS REFERENCE POINTS: USBLS, NRECA, VIRGINIA E.C. FOR NON-METRO WESTERN VIRGINIA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. FINANCIAL DATA IS PROVIDED TO THE MEMBERSHIP AT THE ANNUAL MEETING EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CHANGE IN MEMBERSHIPS -625. CHANGE IN UNCLAIMED CAPITAL CREDITS 113,347.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THIS PROCESS IS UNCHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt055914929
IRS990/TotalAssetsEOYAmt058385547
IRS990/TotalAssetsGrp/BOYAmt055914929
IRS990/TotalAssetsGrp/EOYAmt058385547
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt051
IRS990/TotalFunctionalExpensesGrp/TotalAmt022488649
IRS990/TotalGrossUBIAmt030164
IRS990/TotalLiabilitiesBOYAmt028497973
IRS990/TotalLiabilitiesEOYAmt030306140
IRS990/TotalLiabilitiesGrp/BOYAmt028497973
IRS990/TotalLiabilitiesGrp/EOYAmt030306140
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt027416956
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt028079407
IRS990/TotalOtherCompensationAmt053848
IRS990/TotalProgramServiceRevenueAmt022991045
IRS990/TotalReportableCompFromOrgAmt0312320

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$58,385,547
Liabilities
$30,306,140
Net assets
$28,079,407
Revenue
$23,038,378
Expenses
$22,488,649
Net income
$549,729
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