Civic Intelligence

Prince George Electric Cooperative

990 • Fiscal year 2015 • EIN 54-0346866

Jan 01, 2015 to Dec 31, 2015 • Filed on Mar 31, 2016

Organization ProfileWWW.PGEC.COOP
7103 General Mahone HighwayWaverly, VA 23890

(804) 834-2424

Siviq Scores

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

Liabilities / Assets

58th percentile

0.57x

Higher debt load relative to assets than 58% of similar nonprofits.

2015 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

28th percentile

1.00x

Higher debt load relative to revenue than 28% of similar nonprofits.

2015 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2015

Net Margin

54th percentile

0.4%

Higher net margin than 54% of similar nonprofits.

2015 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

85th percentile

$282,191

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2015 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2015

Asset Growth

10th percentile

-0.8%

Faster asset growth than 10% of similar nonprofits.

2015 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

93rd percentile

5.9%

Faster revenue growth than 93% of similar nonprofits.

2015 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$65,984,526

Down $551,580 (-0.8%) from 2014

Net Assets

Down

$28,640,425

Down $212,052 (-0.7%) from 2014

Liabilities

Down

$37,344,101

Down $339,528 (-0.9%) from 2014

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin54th percentile

Revenue

Up

$37,473,595

Up $2,092,625 (+5.9%) from 2014

Expenses

Up

$37,313,246

Up $1,629,178 (+4.6%) from 2014

Net Income

Up

$160,349

Up $463,447 (+153%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$150M$100M$50M$0Assets 2011: $59,766,650Liabilities 2011: $30,775,162Net Assets 2011: $28,991,4882011Assets 2012: $62,845,207Liabilities 2012: $34,371,992Net Assets 2012: $28,473,2152012Assets 2013: $65,660,937Liabilities 2013: $36,586,601Net Assets 2013: $29,074,3362013Assets 2014: $66,536,106Liabilities 2014: $37,683,629Net Assets 2014: $28,852,4772014Assets 2015: $65,984,526Liabilities 2015: $37,344,101Net Assets 2015: $28,640,4252015Assets 2016: $66,023,456Liabilities 2016: $36,906,962Net Assets 2016: $29,116,4942016Assets 2017: $69,664,761Liabilities 2017: $39,637,516Net Assets 2017: $30,027,2452017Assets 2018: $75,483,313Liabilities 2018: $44,626,330Net Assets 2018: $30,856,9832018Assets 2019: $89,293,130Liabilities 2019: $57,221,315Net Assets 2019: $32,071,8152019Assets 2020: $95,053,190Liabilities 2020: $61,718,837Net Assets 2020: $33,334,3532020Assets 2021: $95,021,320Liabilities 2021: $59,890,417Net Assets 2021: $35,130,9032021Assets 2022: $101,478,151Liabilities 2022: $63,776,829Net Assets 2022: $37,701,3222022Assets 2023: $106,354,564Liabilities 2023: $66,491,775Net Assets 2023: $39,862,7892023Assets 2024: $111,930,942Liabilities 2024: $68,368,177Net Assets 2024: $43,562,7652024

Highlighted filing

2015

Assets$65,984,526
Liabilities$37,344,101
Net Assets$28,640,425
Open 2015 Filing

Operations Trend

Revenue Growth93rd percentile

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

$60M$40M$20M$0-$20MExpenses 2011: $34,102,1462011Revenue 2012: $33,557,350Expenses 2012: $34,009,819Net Income 2012: -$452,4692012Revenue 2013: $33,640,309Expenses 2013: $33,234,481Net Income 2013: $405,8282013Revenue 2014: $35,380,970Expenses 2014: $35,684,068Net Income 2014: -$303,0982014Revenue 2015: $37,473,595Expenses 2015: $37,313,246Net Income 2015: $160,3492015Revenue 2016: $34,985,991Expenses 2016: $34,598,483Net Income 2016: $387,5082016Revenue 2017: $34,744,180Expenses 2017: $33,944,786Net Income 2017: $799,3942017Revenue 2018: $39,320,134Expenses 2018: $38,623,453Net Income 2018: $696,6812018Revenue 2019: $41,367,907Expenses 2019: $40,717,724Net Income 2019: $650,1832019Revenue 2020: $40,098,391Expenses 2020: $38,870,710Net Income 2020: $1,227,6812020Revenue 2021: $41,941,155Expenses 2021: $40,174,865Net Income 2021: $1,766,2902021Revenue 2022: $53,087,438Expenses 2022: $47,023,890Net Income 2022: $6,063,5482022Revenue 2023: $54,391,598Expenses 2023: $48,721,481Net Income 2023: $5,670,1172023Revenue 2024: $52,977,448Expenses 2024: $47,802,251Net Income 2024: $5,175,1972024

Highlighted filing

2015

Revenue$37,473,595
Expenses$37,313,246
Net Income$160,349
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Mar 31, 2016
Return Version
2015v2.1
Gross Receipts
$37,473,975
Mission and Program Overview

Mission

Sale and distribution of electricity to members.

Sale and distribution of electricity to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$43,740,144$44,209,859▲ $469,715
Rtn Earn Endowment Incm Other Fnds$28,852,477$28,640,425▼ $212,052
Investments Program Related$14,279,414$14,624,247▲ $344,833
Accounts Receivable$3,632,907$3,216,187▼ $416,720
Prepaid Expenses and Deferred Charges$1,579,142$1,583,833▲ $4,691
Cash and Non-Interest-Bearing Accounts$2,287,200$1,418,809▼ $868,391
Inventories for Sale or Use$855,061$908,782▲ $53,721
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$66,536,106$65,984,526▼ $551,580
Other Assets Total$162,238$22,809▼ $139,429
Liabilities
Mortgage Notes Payable Secured by Investment Property$31,890,295$32,500,635▲ $610,340
Other Liabilities$3,605,241$4,532,460▲ $927,219
Accounts Payable and Accrued Expenses$2,188,093$311,006▼ $1,877,087
Total Liabilities$37,683,629$37,344,101▼ $339,528
Net Assets / Fund Balance
Total Net Assets Fund Balance$28,852,477$28,640,425▼ $212,052
Total Liabilities and Net Assets / Fund Balance$66,536,106$65,984,526▼ $551,580

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$36,750,186$26,686,536$63,436,722
Buildings$4,342,292$1,666,782$6,009,074
Land$1,878,776-$1,878,776
Other Land Buildings$1,238,605-$1,238,605
Investment Program Related Org$1,025--
Compensation and Service Providers
Top Officer Pay85th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
M Dale BradshawCEO (through March 2015)FT$73,500$208,691$282,191
Micheal Edward MalandroPresident and CEOFT$229,463$20,024$249,487
Robert Howard HallVice President and Chief Finance OfficerFT$141,949$12,838$154,787
Robert Howard HallVice President and Chief Finance Off-$141,949$12,838$154,787
Denya C HankersonDirector-$24,450-$24,450
Randolph G WilliamsDirector-$22,050-$22,050
Paul H BrownChairman-$21,981-$21,981
Herbert R PatrickSecretary - Treasurer-$17,450-$17,450
John M Brock JrDirector-$15,200-$15,200
Matthew P CardenDirector-$13,100-$13,100
Christopher T ParkerDirector-$12,000-$12,000
Richard B ScottAsst. Secretary-treasurer-$10,250-$10,250
Herbert F Scott JrVice Chairman-$9,800-$9,800

Highest Paid Contractors

ContractorServicesLocationCompensation
Harlan Construction CoConstructionPO BOX 1605, Hopewell, VA 23860$220,893
MydatarackInformation Services6 MCCUTCHEON AVE, Columbia, VA 23038$151,873
The Davey Tree Experts CoGis Mapping1500 N MANTUA ST, Kent, OH 44240$124,691
Leclair RyanLegal ServicesPO BOX 2499, Richmond, VA 23218$111,473
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$37,421,431
Investment Income
$46,407
Other Revenue
$5,757
Change in Net Assets
$160,349

Audited Revenue Reconciliation

Revenue per Audited Statements
$37,473,595
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$37,473,595
Total Revenue per Form 990
$37,473,595
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$35,943,442
Salaries, Compensation, and Employee Benefits$1,100,593
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$2,335,372
Interest---$1,402,018
Other Expenses---$1,188,931
Current Officers, Directors, Trustees, and Key Employees---$911,464
All Other Expenses---$605,507
Information Technology---$335,535
Benefits to Members---$269,211
Office Expenses---$201,697
Other Salaries and Wages---$189,129
Fees for Services Legal---$113,353
Occupancy---$85,243
Fees for Services Other---$74,953
Travel---$37,024
Conferences and Meetings---$31,782
Fees for Services Accounting---$21,028
Insurance---$13,260
Total Functional Expenses$0$0$0$37,313,246

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$37,313,246
Expenses per Audited Statements$37,044,035
Total Expenses per Audited Statements$37,044,035
Expenses Not Reported on Financial Statements$269,211
Other Expense Adjustments$269,211
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
Consumer Deposits$1,297,239
Other Current and Accrued Liabilities$933,898
Deferred Credits$847,617
Accumulated Provision for Postretirement Benefits Other Than Pensions$730,858
Reserve for Storm Damage$722,848
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Prince george electric is an electric distribution system. Each prospective consumer/member requesting electric service shall sign the cooperative's application for membership and supply the cooperative with such credit references as may be requested. There is a memberhsip fee of $5.00.”

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

“Each consumer/member is afforded one vote annually in the election of specified board seat.”

Form 990, Part VI, Section B, Line 11

“The 990 is reviewed with the board prior to filing.”

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

“Conflicts of interest whether actual or perceived are prohibited. Any conflict or potential conflict must be reported to ceo, chairman of board, compliance officer, or audit committee.”

Form 990, Part VI, Section B, Line 15

“Pgec utilizes 3rd party contractor to determine salary ranges. These are based on position, geographic location, and comparison to other organizations”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Prince George Electric Cooperative
EIN
54-0346866
Phone
8048342424
Address
7103 GENERAL MAHONE HIGHWAY, WAVERLY, VA 23890

Signing Officer

Name
Micheal E Malandro
Title
President and CEO
Phone
8048342424
Signed
2016-03-31

Organization Details

Principal Officer
Micheal E Malandro
Formed
1938
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
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 740. Change in other comprehensive income -418,300. Change in unclaimed capital credits 45,159.”

FORM 990, PART XII, LINE 2C:

“The process is unchanged from the prior year.”

Financial Statement Notes

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Retirement of capital credits”

Raw XML AppendixShowing 400 of 521 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/BOYAmt02188093
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0311006
IRS990/AccountsReceivableGrp/BOYAmt03632907
IRS990/AccountsReceivableGrp/EOYAmt03216187
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS
IRS990/AllOtherExpensesGrp/TotalAmt0605507
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt0269211
IRS990/BooksInCareOfDetail/PersonNm0ROBERT H HALL
IRS990/BooksInCareOfDetail/PhoneNum08048342424
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07103 GENERAL MAHONE HIGHWAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0WAVERLY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd023890
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt02287200
IRS990/CashNonInterestBearingGrp/EOYAmt01418809
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt04
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0911464
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt031782
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0220893
IRS990/ContractorCompensationGrp/CompensationAmt1151873
IRS990/ContractorCompensationGrp/CompensationAmt2124691
IRS990/ContractorCompensationGrp/CompensationAmt3111473
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 1605
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt16 MCCUTCHEON AVE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt21500 N MANTUA ST
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3PO BOX 2499
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0HOPEWELL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1COLUMBIA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2KENT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3RICHMOND
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0VA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1VA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2OH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3VA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd023860
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd123038
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd244240
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd323218
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0HARLAN CONSTRUCTION CO
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1MYDATARACK
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2THE DAVEY TREE EXPERTS CO
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3LECLAIR RYAN
IRS990/ContractorCompensationGrp/ServicesDesc0CONSTRUCTION
IRS990/ContractorCompensationGrp/ServicesDesc1INFORMATION SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc2GIS MAPPING
IRS990/ContractorCompensationGrp/ServicesDesc3LEGAL SERVICES
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt0269211
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt046407
IRS990/CYOtherExpensesAmt035943442
IRS990/CYOtherRevenueAmt05757
IRS990/CYProgramServiceRevenueAmt037421431
IRS990/CYRevenuesLessExpensesAmt0160349
IRS990/CYSalariesCompEmpBnftPaidAmt01100593
IRS990/CYTotalExpensesAmt037313246
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt037473595
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt02335372
IRS990/Desc0SALE AND DISTRIBUTION OF ELECTRICY TO MEMBERS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt051
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt021028
IRS990/FeesForServicesLegalGrp/TotalAmt0113353
IRS990/FeesForServicesOtherGrp/TotalAmt074953
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1140.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt96548
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1020024
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1112838
IRS990/Form990PartVIISectionAGrp/PersonNm0HERBERT F SCOTT JR
IRS990/Form990PartVIISectionAGrp/PersonNm1PAUL H BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm2RICHARD B SCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN M BROCK JR
IRS990/Form990PartVIISectionAGrp/PersonNm4CHRISTOPHER T PARKER
IRS990/Form990PartVIISectionAGrp/PersonNm5HERBERT R PATRICK
IRS990/Form990PartVIISectionAGrp/PersonNm6MATTHEW P CARDEN
IRS990/Form990PartVIISectionAGrp/PersonNm7RANDOLPH G WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm8DENYA C HANKERSON
IRS990/Form990PartVIISectionAGrp/PersonNm9M DALE BRADSHAW
IRS990/Form990PartVIISectionAGrp/PersonNm10MICHEAL EDWARD MALANDRO
IRS990/Form990PartVIISectionAGrp/PersonNm11ROBERT HOWARD HALL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt09800
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt121981
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt315200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt412000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt517450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt613100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt722050
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt824450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9275643
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10229463
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11141949
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/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2ASST. SECRETARY-TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY - TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO (THROUGH MARCH 2015)
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDENT AND CHIEF FINANCE OFFICER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01938
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-380
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt037473975
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt04
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0335535
IRS990/InsuranceGrp/TotalAmt013260
IRS990/InterestGrp/TotalAmt01402018
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0855061
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0908782
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt046787
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt046787
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt014279414
IRS990/InvestmentsProgramRelatedGrp/EOYAmt014624247
IRS990/IRPDocumentCnt036
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt028353318
IRS990/LandBldgEquipBasisNetGrp/BOYAmt043740144
IRS990/LandBldgEquipBasisNetGrp/EOYAmt044209859
IRS990/LandBldgEquipCostOrOtherBssAmt072563177
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0380
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt036957515
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt031890295
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt032500635
IRS990/NetAssetsOrFundBalancesBOYAmt028852477
IRS990/NetAssetsOrFundBalancesEOYAmt028640425
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-380
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-380
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt085243
IRS990/OfficeExpensesGrp/TotalAmt0201697
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0162238
IRS990/OtherAssetsTotalGrp/EOYAmt022809
IRS990/OtherChangesInNetAssetsAmt0-372401
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION MAINTENANC
IRS990/OtherExpensesGrp/Desc2CONSUMER ACCOUNTS
IRS990/OtherExpensesGrp/Desc3DISTRIBUTION OPERATION
IRS990/OtherExpensesGrp/TotalAmt026051632
IRS990/OtherExpensesGrp/TotalAmt12189666
IRS990/OtherExpensesGrp/TotalAmt21256441
IRS990/OtherExpensesGrp/TotalAmt31188931
IRS990/OtherLiabilitiesGrp/BOYAmt03605241
IRS990/OtherLiabilitiesGrp/EOYAmt04532460
IRS990/OtherOrganizationDsc0COOPERATIVE
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER NON-OPERATING INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05757
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05757
IRS990/OtherRevenueTotalAmt05757
IRS990/OtherSalariesAndWagesGrp/TotalAmt0189129
IRS990/OtherSourcesGrossIncomeAmt0516080
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01579142
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01583833
IRS990/PrincipalOfficerNm0MICHEAL E MALANDRO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRICITY TO MEMBERS
IRS990/ProgramServiceRevenueGrp/Desc1PATRONAGE ALLOCATIONS
IRS990/ProgramServiceRevenueGrp/Desc2POLE RENTAL
IRS990/ProgramServiceRevenueGrp/ExclusionAmt094181
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt036957515
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1369735
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt036957515
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1369735
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt294181
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt01564989
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt048602
IRS990/PYOtherExpensesAmt033106776
IRS990/PYOtherRevenueAmt05674
IRS990/PYProgramServiceRevenueAmt035326694
IRS990/PYRevenuesLessExpensesAmt0-303098
IRS990/PYSalariesCompEmpBnftPaidAmt01012303
IRS990/PYTotalExpensesAmt035684068
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt035380970
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0160349
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt037379414
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt028852477
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt028640425
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04342292
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01666782
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06009074
IRS990ScheduleD/EquipmentGrp/BookValueAmt036750186
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026686536
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt063436722
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0269211
IRS990ScheduleD/ExpensesSubtotalAmt037044035
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0474569
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt121200
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt29960
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt313412868
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4172500
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt5532125
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt61025
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1COOPERATIVE RESPONSE CENTER MEMBER CAPITAL SECURITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2VA, MD, DELAWARE ASSOCIATION OF ELECTRIC COOPERATIVES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3OLD DOMINION ELECTRIC COOPERATIVE CAPITAL ALLOCATIONS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4TEC TRADING, INC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5PATRONAGE CAPITAL ALLOCATIONS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6VARIOUS MEMBERSHIP FEES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd6C
IRS990ScheduleD/LandGrp/BookValueAmt01878776
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01878776
IRS990ScheduleD/OtherExpensesNotIncludedAmt0269211
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01238605
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01238605
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01297239
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1933898
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2730858
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3722848
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4847617
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONSUMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER CURRENT AND ACCRUED LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCUMULATED PROVISION FOR POSTRETIREMENT BENEFITS OTHER THAN PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3RESERVE FOR STORM DAMAGE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4DEFERRED CREDITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt037473595
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RETIREMENT OF CAPITAL CREDITS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt044209859
IRS990ScheduleD/TotalBookValueProgramRltdAmt014624247
IRS990ScheduleD/TotalExpensesPerForm990Amt037313246
IRS990ScheduleD/TotalLiabilityAmt04532460
IRS990ScheduleD/TotalRevenuePerForm990Amt037473595
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt037473595
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt037044035
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt073500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1229463
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2141949
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$65,984,526
Liabilities
$37,344,101
Net assets
$28,640,425
Revenue
$37,473,595
Expenses
$37,313,246
Net income
$160,349
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$112$68.4$43.6$53.0$47.8$5.18
2023Detailed filing. Detailed filing data is available for this year.$106$66.5$39.9$54.4$48.7$5.67
2022Detailed filing. Detailed filing data is available for this year.$101$63.8$37.7$53.1$47.0$6.06
2021Detailed filing. Detailed filing data is available for this year.$95.0$59.9$35.1$41.9$40.2$1.77
2020Detailed filing. Detailed filing data is available for this year.$95.1$61.7$33.3$40.1$38.9$1.23
2019Detailed filing. Detailed filing data is available for this year.$89.3$57.2$32.1$41.4$40.7$0.65
2018Detailed filing. Detailed filing data is available for this year.$75.5$44.6$30.9$39.3$38.6$0.70
2017Detailed filing. Detailed filing data is available for this year.$69.7$39.6$30.0$34.7$33.9$0.80
2016Detailed filing. Detailed filing data is available for this year.$66.0$36.9$29.1$35.0$34.6$0.39
2015Detailed filing. Detailed filing data is available for this year.$66.0$37.3$28.6$37.5$37.3$0.16
2014Detailed filing. Detailed filing data is available for this year.$66.5$37.7$28.9$35.4$35.7$0.30
2013Detailed filing. Detailed filing data is available for this year.$65.7$36.6$29.1$33.6$33.2$0.41
2012Summary only. Only limited summary data is available for this year.$62.8$34.4$28.5$33.6$34.0$0.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.8$30.8$29.0$34.1