Civic Intelligence

Vec Customers Share Inc.

990 • Fiscal year 2014 • EIN 62-1861476

Jan 01, 2014 to Dec 31, 2014 • Filed on Jun 03, 2015

Organization ProfileWWW.VEC.ORG
PO Box 277Decatur, TN 37322

(423) 334-1020

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

43rd percentile

0.4%

Higher net margin than 43% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

66th percentile

13%

Faster asset growth than 66% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

45th percentile

-1.2%

Faster revenue growth than 45% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$14,058

Up $1,669 (+13%) from 2013

Net Assets

Up

$14,058

Up $1,669 (+13%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin43rd percentile

Revenue

Down

$395,779

Down $4,831 (-1.2%) from 2013

Expenses

Down

$394,110

Down $34,657 (-8.1%) from 2013

Net Income

Up

$1,669

Up $29,826 (+106%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

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

$40K$20K$0-$20K-$40KAssets 2011: $0Liabilities 2011: $22,713Net Assets 2011: -$22,7132011Assets 2013: $12,389Liabilities 2013: $0Net Assets 2013: $12,3892013Assets 2014: $14,058Liabilities 2014: $0Net Assets 2014: $14,0582014Assets 2015: $9,279Liabilities 2015: $0Net Assets 2015: $9,2792015Assets 2016: $3,834Liabilities 2016: $0Net Assets 2016: $3,8342016Assets 2017: $32,777Liabilities 2017: $29,000Net Assets 2017: $3,7772017Assets 2018: $33,318Liabilities 2018: $25,000Net Assets 2018: $8,3182018Assets 2019: $3,215Liabilities 2019: $0Net Assets 2019: $3,2152019Assets 2020: $4,756Liabilities 2020: $0Net Assets 2020: $4,7562020Assets 2021: $2,479Liabilities 2021: $0Net Assets 2021: $2,4792021Assets 2022: $26,808Liabilities 2022: $0Net Assets 2022: $26,8082022Assets 2023: $35,212Liabilities 2023: $0Net Assets 2023: $35,2122023Assets 2024: $29,177Liabilities 2024: $0Net Assets 2024: $29,1772024

Highlighted filing

2014

Assets$14,058
Liabilities$0
Net Assets$14,058
Open 2014 Filing

Operations Trend

Revenue Growth45th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $371,444Expenses 2011: $402,442Net Income 2011: -$30,9982011Revenue 2013: $400,610Expenses 2013: $428,767Net Income 2013: -$28,1572013Revenue 2014: $395,779Expenses 2014: $394,110Net Income 2014: $1,6692014Revenue 2015: $390,247Expenses 2015: $395,026Net Income 2015: -$4,7792015Revenue 2016: $389,586Expenses 2016: $395,031Net Income 2016: -$5,4452016Revenue 2017: $375,874Expenses 2017: $375,931Net Income 2017: -$572017Revenue 2018: $366,112Expenses 2018: $361,571Net Income 2018: $4,5412018Revenue 2019: $363,668Expenses 2019: $368,771Net Income 2019: -$5,1032019Revenue 2020: $347,638Expenses 2020: $346,097Net Income 2020: $1,5412020Revenue 2021: $340,994Expenses 2021: $343,270Net Income 2021: -$2,2762021Revenue 2022: $333,699Expenses 2022: $309,370Net Income 2022: $24,3292022Revenue 2023: $330,174Expenses 2023: $321,770Net Income 2023: $8,4042023Revenue 2024: $314,615Expenses 2024: $320,650Net Income 2024: -$6,0352024

Highlighted filing

2014

Revenue$395,779
Expenses$394,110
Net Income$1,669
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jun 3, 2015
Return Version
2014v5.0
Gross Receipts
$395,779
Mission and Program Overview

Mission

NONE

Provide funding to charitable and community service organizations within the volunteer energy cooperative service area

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$12,389$14,058▲ $1,669
Total Assets$12,389$14,058▲ $1,669
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,389$14,058▲ $1,669
Total Liabilities and Net Assets / Fund Balance$12,389$14,058▲ $1,669
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Erbin BaumgardnerChairman
Harold RenoChairman
Holly NealVice Chairman
Barbara RectorDirector
Barry NarramoreDirector
Bill WomacDirector
Bob ScottDirector
Donald WilliamsDirector
Jim TaylorDirector
Joyce WoodsDirector
Pauline SherrerDirector
Sharon ParrottDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$395,779
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$1,669

Audited Revenue Reconciliation

Revenue per Audited Statements
$395,779
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$395,779
Total Revenue per Form 990
$395,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$365,700
Other Expenses$28,410
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$365,700--$365,700
Fees for Services Management$24,000--$24,000
Fees for Services Accounting$4,410--$4,410
Total Functional Expenses$394,110$0$0$394,110

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$394,110
Total Expenses per Audited Statements$394,110
Total Expenses per Form 990$394,110
Expenses Not Reported on Financial Statements$0
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
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 B, Line 11

“A draft copy of the 990 is given to the board for review and approval before its filing.”

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

“The board of directors are required to disclose any conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“All organizational documents and policies are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Vec Customers Shareinc
EIN
62-1861476
Phone
4233341020
Address
PO BOX 277, DECATUR, TN 37322

Signing Officer

Name
Rody Blevins
Title
President/CEO
Phone
4233341020
Signed
2015-06-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rody Blevins
Formed
2001
Legal Domicile
Tn
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0

Preparer

Firm
Henderson Hutcherson & Mccullough Pllc
Address
1200 MARKET STREET, CHATTANOOGA, TN 37402
Preparer
Jerry Smith CPA
Phone
4237567771
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Section 2, Line 2C

“The oversight and selection process did not change during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“Effective january 1, 2009, the organization implemented the provisions of financial accounting standards board (fasb) accounting standards codification (asc) topic 740, income taxes, which requires disclosure of the amounts of interest and penalties related to income taxes. As of december 31, 2014, the organization had no interest and penalties relating to income taxes. With few exceptions, the organization is no longer subject to u.s., federal, state and local income tax examinations by tax authorities for years before 2011.”

Raw XML Appendix383 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.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EFFECTIVE JANUARY 1, 2009, THE ORGANIZATION IMPLEMENTED THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES, WHICH REQUIRES DISCLOSURE OF THE AMOUNTS OF INTEREST AND PENALTIES RELATED TO INCOME TAXES. AS OF DECEMBER 31, 2014, THE ORGANIZATION HAD NO INTEREST AND PENALTIES RELATING TO INCOME TAXES. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S., FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2011.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT COPY OF THE 990 IS GIVEN TO THE BOARD FOR REVIEW AND APPROVAL BEFORE ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL ORGANIZATIONAL DOCUMENTS AND POLICIES ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE OVERSIGHT AND SELECTION PROCESS DID NOT CHANGE DURING THE TAX YEAR.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, SECTION 2, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0VOLUNTEER ENERGY COOPERATIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0620395590
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(12)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDES ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt018359 HWY 58 NORTH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DECATUR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd037322
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0VEC COLLECTS CONTRIBUTIONS FROM ITS UTILITY CUSTOMERS ON BEHALF OF VEC CUSTOMERS SHARE AS PART OF A ROUND-UP PROGRAM. IN RETURN FOR ITS SERVICES, VEC CUSTOMERS SHARE PAYS VEC A $2,000 MANAGEMENT FEE PER MONTH.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 2
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0395779
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt124000
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0VOLUNTEER ENERGY COOPERATIVE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1VOLUNTEER ENERGY COOPERATIVE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1M
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt012389
IRS990/TotalAssetsEOYAmt014058
IRS990/TotalAssetsGrp/BOYAmt012389
IRS990/TotalAssetsGrp/EOYAmt014058
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0395779
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0394110
IRS990/TotalFunctionalExpensesGrp/TotalAmt0394110
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt012389
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt014058
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0394110
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0395779
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt012389
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt014058
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 277
IRS990/USAddress/CityNm0DECATUR
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037322
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.VEC.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RODY BLEVINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum04233341020
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-06-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VEC CUSTOMERS SHAREINC
ReturnHeader/Filer/BusinessNameControlTxt0VECC
ReturnHeader/Filer/EIN0621861476
ReturnHeader/Filer/PhoneNum04233341020
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 277
ReturnHeader/Filer/USAddress/CityNm0DECATUR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037322
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621114363
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HENDERSON HUTCHERSON & MCCULLOUGH PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01200 MARKET STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHATTANOOGA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037402
ReturnHeader/PreparerPersonGrp/PhoneNum04237567771
ReturnHeader/PreparerPersonGrp/PreparationDt02015-06-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JERRY SMITH CPA
ReturnHeader/ReturnTs02015-06-10T13:37:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$14,058
Liabilities
$0
Net assets
$14,058
Revenue
$395,779
Expenses
$394,110
Net income
$1,669
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.00$0.29$3.15$3.21$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.00$0.35$3.30$3.22$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.00$0.27$3.34$3.09$0.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.02$0.00$0.02$3.41$3.43$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.05$0.00$0.05$3.48$3.46$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.00$0.03$3.64$3.69$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.25$0.08$3.66$3.62$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.29$0.04$3.76$3.76$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.04$0.00$0.04$3.90$3.95$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$3.90$3.95$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$3.96$3.94$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$4.01$4.29$0.28
2011Summary only. Only limited summary data is available for this year.$0.00$0.23$0.23$3.71$4.02$0.31