OLD DOMINION ELECTRIC COOPERATIVE: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- OLD DOMINION ELECTRIC COOPERATIVE (EIN 23-7048405)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-12
- IRS object ID
- 202113169349311731
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-12T16:58:08-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 346565596 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 NORTH TYRON STREET 3800 | AddressLine1Txt |
| City | CHARLOTTE | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237048405 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OLD DOMINION ELECTRIC COOPERATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | OLDD | BusinessNameControlTxt |
| Phone | 8047470592 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4201 DOMINION BOULEVARD SUITE 300 | AddressLine1Txt |
| City | GLEN ALLEN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23060 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRYAN S ROGERS | PersonNm |
| Person Title | SR. VP & CFO | PersonTitleTxt |
| Phone | 8047470592 | PhoneNum |
| Signature | 2021-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | BRYAN | PersonFirstNm |
| Person Last | ROGERS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SCOTT TIDWELL | PreparerPersonNm |
| PTIN | P01729213 | PTIN |
| Phone | 7043726300 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARCUS M HARRIS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4201 DOMINION BOULEVARD SUITE 300 | AddressLine1Txt |
| City | GLEN ALLEN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23060 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $820,959,506 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.ODEC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1948 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | PROVIDE WHOLESALE POWER TO MEMBER COOPERATIVES | ActivityOrMissionDesc |
| Voting Members Governing Body | 22 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 22 | VotingMembersIndependentCnt |
| Total Employee | 148 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $932,681,980 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $807,703,829 | CYProgramServiceRevenueAmt |
| PY Investment Income | $7,101,323 | PYInvestmentIncomeAmt |
| CY Investment Income | $13,086,113 | CYInvestmentIncomeAmt |
| PY Other Revenue | $127,034 | PYOtherRevenueAmt |
| CY Other Revenue | $168,448 | CYOtherRevenueAmt |
| PY Total Revenue | $939,910,337 | PYTotalRevenueAmt |
| CY Total Revenue | $820,958,390 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $377,461 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $237,339 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $16,953,939 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $12,159,416 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $19,581,448 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $21,289,998 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $897,989,274 | PYOtherExpensesAmt |
| CY Other Expenses | $782,220,838 | CYOtherExpensesAmt |
| PY Total Expenses | $934,902,122 | PYTotalExpensesAmt |
| CY Total Expenses | $815,907,591 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,008,215 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,050,799 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,163,320,070 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,061,730,407 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,722,009,368 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,608,260,289 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $441,310,702 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $453,470,118 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PROVIDE WHOLESALE POWER TO MEMBER COOPERATIVES | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | OLD DOMINION IS A NOT-FOR-PROFIT WHOLESALE POWER SUPPLY COOPERATIVE ENGAGED IN THE BUSINESS OF PROVIDING WHOLESALE ELECTRIC SERVICE TO ITS MEMBER COOPERATIVES. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (1) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 85 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 148 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Members And Shr Gross Income | $800,813,820 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $43,816,174 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 22 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 22 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRYAN ROGERS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8049684035 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4201 DOMINION BOULEVARD | AddressLine1Txt |
| City | GLEN ALLEN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23060 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (36 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| MARCUS M HARRIS | |||||||
| PRESIDENT & CEO | 40.00 | Yes (X) | $793,625 | $0 | $245,783 | ||
| DALE R BEAM | |||||||
| SR. VP POWER SUPPLY | 40.00 | Yes (X) | $447,478 | $0 | $304,405 | ||
| BRYAN S ROGERS | |||||||
| SR. VP & CFO | 40.00 | Yes (X) | $329,009 | $0 | $286,657 | ||
| KIRK D JOHNSON | |||||||
| SR. VP OF MEMBER ENGAGEMEN | 40.00 | Yes (X) | $334,018 | $0 | $155,089 | ||
| PETER F GALLINI | |||||||
| VP POWER SUPPLY | 40.00 | $244,752 | $0 | $216,595 | Yes (X) | ||
| MARK R RINGHAUSEN | |||||||
| VP ENGINEERING | 40.00 | $217,752 | $0 | $179,258 | Yes (X) | ||
| MICHAEL L HEARN | |||||||
| GENERAL COUNSEL | 40.00 | Yes (X) | $311,755 | $0 | $82,977 | ||
| CHARLES B DAVIS | |||||||
| VP OPERATIONS AND ASSET MG | 40.00 | $226,647 | $0 | $149,748 | Yes (X) | ||
| LYNN A MALONEY | |||||||
| VP INVESTOR RELATIONS | 40.00 | $205,826 | $0 | $158,427 | Yes (X) | ||
| TODD T BRICKHOUSE | |||||||
| VP & TREASURER | 40.00 | $211,768 | $0 | $109,235 | Yes (X) | ||
| DARLENE CARPENTER | |||||||
| BOARD MEMBER | 9.00 | $47,100 | $0 | $0 | Yes (X) | ||
| HUNTER R GREENLAW JR | |||||||
| BOARD MEMBER | 6.00 | $46,350 | $0 | $0 | Yes (X) | ||
| KEITH L SWISHER | |||||||
| BOARD MEMBER | 6.00 | $46,350 | $0 | $0 | Yes (X) | ||
| DAVID J JONES | |||||||
| BOARD MEMBER | 6.00 | $46,350 | $0 | $0 | Yes (X) | ||
| PAUL BROWN | |||||||
| BOARD MEMBER | 9.00 | $46,100 | $0 | $0 | Yes (X) | ||
| BRUCE A HENRY | |||||||
| BOARD MEMBER | 6.00 | $46,100 | $0 | $0 | Yes (X) | ||
| EARL CURRIN | |||||||
| BOARD MEMBER | 7.00 | $46,100 | $0 | $0 | Yes (X) | ||
| JOHN J BURKE JR | |||||||
| BOARD MEMBER | 6.00 | $45,850 | $0 | $0 | Yes (X) | ||
| CHAD N FOWLER | |||||||
| BOARD MEMBER | 6.00 | $45,600 | $0 | $0 | Yes (X) | ||
| E GARRISON DRUMMOND | |||||||
| BOARD MEMBER | 6.00 | $45,600 | $0 | $0 | Yes (X) | ||
| ROBBIE F MARCHANT | |||||||
| BOARD MEMBER-ENDED 7/20 | 6.00 | $27,100 | $0 | $0 | Yes (X) | ||
| SUZANNE S OBENSHAIN | |||||||
| BOARD MEMBER-STARTED 7/20 | 6.00 | $19,750 | $0 | $0 | Yes (X) | ||
| BELVIN WILLIAMSON JR | |||||||
| BOARD MEMBER | 6.00 | $0 | $0 | $0 | Yes (X) | ||
| GREGORY W WHITE | |||||||
| BOARD MEMBER-ENDED | 6.00 | $0 | $0 | $0 | Yes (X) | ||
| CARY J LOGAN JR | |||||||
| BOARD MEMBER | 6.00 | $0 | $0 | $0 | Yes (X) | ||
| MICHAEL J KEYSER | |||||||
| BOARD MEMBER | 6.00 | $0 | $0 | $0 | Yes (X) | ||
| MICHAEL W HASTINGS | |||||||
| BOARD MEMBER-ENDED 4/20 | 6.00 | $0 | $0 | $0 | Yes (X) | ||
| STEVE HARMON | |||||||
| BOARD MEMBER | 6.00 | $0 | $0 | $0 | Yes (X) | ||
| KENT D FARMER | |||||||
| BOARD MEMBER-ENDED 7/20 | 6.00 | $0 | $0 | $0 | Yes (X) | ||
| J WILLIAM ANDREW JR | |||||||
| BOARD MEMBER | 6.00 | $0 | $0 | $0 | Yes (X) | ||
| JOHN D HEWA JR | |||||||
| BOARD MEMBER-STARTED 9/20 | 6.00 | $0 | $0 | $0 | Yes (X) | ||
| BRADLEY H HICKS | |||||||
| BOARD MEMBER-STARTED 7/20 | 6.00 | $0 | $0 | $0 | Yes (X) | ||
| GREGORY S ROGERS | |||||||
| BOARD MEMBER-STARTED 5/20 | 6.00 | $0 | $0 | $0 | Yes (X) | ||
| MICHAEL E MALANDRO | |||||||
| SECRETARY/TREASURER | 6.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JEFFREY S EDWARDS | |||||||
| VICE-CHAIRMAN | 6.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JOHN C LEE JR | |||||||
| CHAIRMAN | 6.50 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,830,980 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,888,174 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 107 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ACES POWER MARKETING | |||||
| 4140 W 99TH STREET | CARMEL | IN | 46032 | ENERGY MANAGEMENT | $2,764,900 |
| WHITE OAK POWER CONSTRUCTORS | |||||
| 6445 SHILOH ROAD SUITE E | ALPHARETTA | GA | 30005 | ENGINEERING AND DESIGN CONSULTING | $2,243,894 |
| THOMPSON COBURN LLP | |||||
| 1909 K STREET NW 600 | WASHINGTON | DC | 20006 | LEGAL SERVICES | $769,561 |
| MILES & STOCKBRIDGE PC | |||||
| 100 LIGHT STREET | BALTIMORE | MD | 21202 | LEGAL SERVICES | $532,384 |
| M DAVIS & SONS INC | |||||
| 19 GERMAY DRIVE | WILMINGTON | DE | 19804 | MECHANICAL CONTRACTOR | $473,998 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 38 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| OPERATING REV - MEMBER | 424000 | $770,813,823 | $770,813,823 |
| OP. REV. - NON-MEMBER | 424000 | $36,890,006 | $36,890,006 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $807,703,829 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,087,229 | TotalRevenueColumnAmt |
| Exclusion | $13,087,229 | ExclusionAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $1,116 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$1,116 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$1,116 | TotalRevenueColumnAmt |
| Exclusion | -$1,116 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| MISC. NON-OPERATING INC | 900099 | $91,018 | $91,018 | |
| ACES | 900099 | $77,430 | $77,430 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $168,448 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $820,958,390 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $807,794,847 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $13,163,543 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $237,339 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,159,416 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,799,146 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,654,870 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,993,204 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,412,776 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,430,002 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,090,821 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $382,140 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,237,415 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,043 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,130,647 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $405,084 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,144 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $161,828 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,646,750 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,118,557 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $668,566 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| POWER COSTS | $405,610,455 |
| PROD & MAINT - FOSSIL F | $133,877,378 |
| PROD & MAINT - MAINTENA | $56,049,705 |
| PROD & MAINT - ADMIN & | $16,032,051 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,642,254 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $815,907,591 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $228,919 | BOYAmt |
| EOY | $804,838 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,342,360 | BOYAmt |
| EOY | $4,368 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $113,604,824 | BOYAmt |
| EOY | $96,721,639 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,083,174 | BOYAmt |
| EOY | $61,272,883 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,670,809 | BOYAmt |
| EOY | $49,893,658 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $2,722,466,045 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,114,081,360 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,657,010,857 | BOYAmt |
| EOY | $1,608,384,685 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $213,379,127 | BOYAmt |
| EOY | $244,648,336 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,163,320,070 | BOYAmt |
| EOY | $2,061,730,407 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $180,569,288 | BOYAmt |
| EOY | $137,835,114 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,158,658,848 | BOYAmt |
| EOY | $1,118,364,778 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $382,781,232 | BOYAmt |
| EOY | $352,060,397 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,722,009,368 | BOYAmt |
| EOY | $1,608,260,289 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $441,310,702 | BOYAmt |
| EOY | $453,470,118 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $441,310,702 | BOYAmt |
| EOY | $453,470,118 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,163,320,070 | BOYAmt |
| EOY | $2,061,730,407 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $5,050,799 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $7,108,617 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $28,500 | PoliticalExpendituresAmt |
| Expended527 Activities | $28,500 | Expended527ActivitiesAmt |
| Total Exempt Function Expend | $28,500 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (1) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ACRE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4301 WILSON BOULEVARD | AddressLine1Txt |
| City | ARLINGTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 546134963 | EIN |
| Paid Internal Funds | $28,500 | PaidInternalFundsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I-A, LINE 1: | FormAndLineReferenceDesc |
| Explanation | OLD DOMINION ELECTRIC COOPERATIVE (ODEC) ENGAGES WITH OUR GOVERNMENT AT THE LOCAL, STATE AND FEDERAL LEVELS ON VARIOUS ISSUES INCLUDING BUT NOT LIMITED TO REGULATIONS, POLICIES AND LEGISLATION THAT WOULD HARM OUR INDUSTRY, MAKE GENERATION OF ELECTRICITY COST MORE OR AFFECT RELIABILITY. ODEC SPEAKS DIRECTLY TO AGENCY STAFF, ADMINISTRATORS AND LEGISLATORS ABOUT THE IMPACTS OF LEGISLATION AND REGULATION ON OUR MEMBER OWNERS. | ExplanationTxt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $45,407,328 | OtherCostOrOtherBasisAmt |
| Book Value | $45,407,328 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $281,913,583 | OtherCostOrOtherBasisAmt |
| Depreciation | $146,296,744 | DepreciationAmt |
| Book Value | $135,616,839 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $935,529 | OtherCostOrOtherBasisAmt |
| Depreciation | $538,649 | DepreciationAmt |
| Book Value | $396,880 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,193,151,508 | OtherCostOrOtherBasisAmt |
| Depreciation | $812,124,645 | DepreciationAmt |
| Book Value | $1,381,026,863 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $201,058,097 | OtherCostOrOtherBasisAmt |
| Depreciation | $155,121,322 | DepreciationAmt |
| Book Value | $45,936,775 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,608,384,685 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (7 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| CAPITAL TERM CERTIFICATES | $41,933 | C |
| DECOMMISSIONING FUND | $242,336,869 | F |
| HOMESTEAD FUND - DEFERRED COMP PLAN | $166,220 | F |
| COBANK STOCK | $110,897 | C |
| INVESTMENT ACES - BOOKED AT COST | $1,293,111 | C |
| INVESTMENT NRCO | $69,353 | C |
| INVESTMENT IN RHI - COMMON STOCK | $629,953 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $244,648,336 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| OTHER DEFERRED CREDITS | $7,091,825 |
| UNAMORT GAIN REACQUISITION - 93A 2023 | $172,046 |
| OTHER REGULATORY LIABILITY - FAS 143 | $58,231,404 |
| ASSET RETIREMENT OBLIGATION | $179,132,781 |
| REG LIAB - DECOMMISSION MTM | $84,320,674 |
| DEFERRED ENERGY | $23,111,667 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $352,060,397 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | AS A NOT-FOR-PROFIT ELECTRIC COOPERATIVE, WE ARE CURRENTLY EXEMPT FROM FEDERAL INCOME TAXATION UNDER IRC SECTION 501(C)(12), AND WE INTEND TO CONTINUE TO OPERATE IN THIS MANNER. BASED ON OUR ASSESSMENT AND EVALUATIONS OF RELEVANT AUTHORITY, WE BELIEVE WE COULD SUSTAIN TREATMENT AS A TAX-EXEMPT UTILITY IN THE EVENT OF A CHALLENGE OF OUR TAX STATUS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED BASED ON ODEC'S OPERATIONS IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (11 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| BOYS & GIRLS CLUB OF CECIL COUNTY | |||||||
| PO BOX 1737 | ELKTON | MD | 21922 | 522190263 | 501(C)(3) | $13,000 | SUMMER PROGRAM |
| HABITAT FOR HUMANITY SUSQUEHANNA | |||||||
| 205 S HAYS STREET | BEL AIR | MD | 21014 | 521848933 | 501(C)(3) | $5,500 | GENERAL SUPPORT |
| CECIL COUNTY PUBLIC LIBRARY FOUNDATION | |||||||
| 301 NEWARK AVE | ELKTON | MD | 21921 | 526049235 | 501(C)(3) | $30,000 | GENERAL SUPPORT |
| COMMUNITY ARTS CENTER FOUNDATION | |||||||
| 700 BRUCE STREET | SOUTH BOSTON | VA | 24592 | 541795927 | 501(C)(3) | $5,000 | SUMMER THEATER SPONSORSHIP |
| FAIR HILL ENVIRONMENTAL FOUNDATION | |||||||
| 630 TAWES DRIVE | ELKTON | MD | 21921 | 521667529 | 501(C)(3) | $5,000 | CCPS ANN PROGRAM DEFICIENCY |
| LOUISA COUNTY HIGH SCHOOL | |||||||
| 757 DAVIS HIGHWAY | MINERAL | VA | 23117 | 546001399 | GOV'T | $5,500 | SCHOLARSHIPS & EQUPMENT |
| VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATION | |||||||
| 300 ARBORETUM PL | RICHMOND | VA | 23236 | 237004354 | 501(C)(3) | $10,000 | GENERAL SUPPORT |
| SPORT AND ENTERTAINMENT CORPORATION | |||||||
| 323 W CAMDEN STREET SUITE 800 | BALTIMORE | MD | 21201 | 834686104 | 501(C)(3) | $25,000 | GENERAL SUPPORT |
| YOUTH EMPOWERMENT SOURCE INC | |||||||
| 140 MAFFITT STREET | ELKTON | MD | 21921 | 472027845 | 501(C)(3) | $5,500 | GENERAL SUPPORT |
| CHESAPEAKE HERITAGE CONSERVANCY | |||||||
| 352 COMMERCE STREET | HAVRE DE GRACE | MD | 21078 | 521901328 | 501(C)(3) | $10,000 | GENERAL SUPPORT |
| WATER WITCH FIRE COMPANY | |||||||
| 15 N MAIN STREET | PORT DEPOSUT | MD | 21904 | 526055358 | 501(C)(3) | $10,000 | GENERAL SUPPORT |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARCUS M HARRIS | ||||||||||||||
| PRESIDENT & CEO | $782,766 | $0 | $0 | $0 | $10,859 | $0 | $221,030 | $0 | $24,753 | $0 | $1,039,408 | $0 | $0 | $0 |
| DALE R BEAM | ||||||||||||||
| SR. VP POWER SUPPLY | $441,440 | $0 | $0 | $0 | $6,038 | $0 | $293,314 | $0 | $11,091 | $0 | $751,883 | $0 | $0 | $0 |
| BRYAN S ROGERS | ||||||||||||||
| SR. VP & CFO | $326,404 | $0 | $0 | $0 | $2,605 | $0 | $267,479 | $0 | $19,178 | $0 | $615,666 | $0 | $0 | $0 |
| KIRK D JOHNSON | ||||||||||||||
| SR. VP OF MEMBER ENGAGEMEN | $331,374 | $0 | $0 | $0 | $2,644 | $0 | $135,911 | $0 | $19,178 | $0 | $489,107 | $0 | $0 | $0 |
| PETER F GALLINI | ||||||||||||||
| VP POWER SUPPLY | $242,909 | $0 | $0 | $0 | $1,843 | $0 | $193,728 | $0 | $22,867 | $0 | $461,347 | $0 | $0 | $0 |
| MARK R RINGHAUSEN | ||||||||||||||
| VP ENGINEERING | $214,774 | $0 | $0 | $0 | $2,978 | $0 | $166,664 | $0 | $12,594 | $0 | $397,010 | $0 | $0 | $0 |
| MICHAEL L HEARN | ||||||||||||||
| GENERAL COUNSEL | $303,373 | $0 | $0 | $0 | $8,382 | $0 | $59,088 | $0 | $23,889 | $0 | $394,732 | $0 | $0 | $0 |
| CHARLES B DAVIS | ||||||||||||||
| VP OPERATIONS AND ASSET MG | $220,612 | $0 | $0 | $0 | $6,035 | $0 | $125,859 | $0 | $23,889 | $0 | $376,395 | $0 | $0 | $0 |
| LYNN A MALONEY | ||||||||||||||
| VP INVESTOR RELATIONS | $201,830 | $0 | $0 | $0 | $3,996 | $0 | $147,203 | $0 | $11,224 | $0 | $364,253 | $0 | $0 | $0 |
| TODD T BRICKHOUSE | ||||||||||||||
| VP & TREASURER | $209,749 | $0 | $0 | $0 | $2,019 | $0 | $109,235 | $0 | $0 | $0 | $321,003 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4B | FormAndLineReferenceDesc |
| Explanation | IN 2018, IN CONNECTION WITH THE EXECUTION OF THE EMPLOYMENT AGREEMENT WITH MR. HARRIS, WE ADOPTED THE DEFERRED COMPENSATION PLAN FOR THE PURPOSE OF PROVIDING SUPPLEMENTAL DEFERRED COMPENSATION TO MR. HARRIS IN AN AMOUNT WITHIN THE STATUTORY MAXIMUMS PERMITTED UNDER IRC SECTION 457. THE DEFERRED COMPENSATION PLAN IS RESTRICTED TO THOSE EXECUTIVE EMPLOYEES DESIGNATED BY OUR BOARD OF DIRECTORS WHO ARE GENERALLY RESPONSIBLE FOR ONGOING OPERATIONS, RESPONSIBLE FOR AND HAVE GENERAL SUPERVISION OVER THE OVERALL FINANCIAL CONDITION, RESPONSIBLE FOR SETTING AND EXECUTING OVERALL CORPORATE POLICIES AND PRACTICES, AND RESPONSIBLE FOR SUPERVISING LARGE NUMBERS OF EMPLOYEES AND WHO ELECT TO PARTICIPATE IN THE DEFERRED COMPENSATION PLAN BY AGREEING TO A DEFERRAL OF A PORTION OF THEIR CURRENT COMPENSATION. CURRENTLY, MR. HARRIS IS THE ONLY PARTICIPANT IN THE DEFERRED COMPENSATION PLAN. A $19,500 CONTRIBUTION WAS MADE TO THE PLAN IN 2020. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | OLD DOMINION ELECTRIC COOPERATIVE IS A COOPERATIVE OWNED BY 11 MEMBERS. NO MEMBER OWNS MORE THAN 50%. |
| FORM 990, PART VI, SECTION B, LINE 11B | A FINAL DRAFT OF THE 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW. THE 990 IS REVIEWED BY AN OFFICER OF THE ORGANIZATION BEFORE FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE COMPANY'S CODE OF ETHICS, WHICH IS SIGNED BY ALL EMPLOYEES AND BOARD MEMBERS. GENERAL COUNSEL SERVES AS THE COMPLIANCE OFFICER TO ADMINISTER THE CODE OF ETHICS. WHEN CONTACTED, THE COMPLIANCE OFFICER IS OBLIGATED TO RECORD ANY REPORT ALLEGING A VIOLATION OF THE CODE AND TO TAKE EFFECTIVE STEPS TO INVESTIGATE SUCH REPORT. PERIODICALLY, AS DETERMINED AND REQUESTED BY THE PRESIDENT/CEO, THE COMPLIANCE OFFICER WILL SUBMIT A MEMORANDUM OUTLINING THE COMPLAINTS HE HAS RECEIVED FOR THAT PERIOD, THE RESULTS OF ALL INVESTIGATIONS, AND RECOMMENDATIONS FOR REMEDIAL ACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | GENERAL PHILOSOPHY OUR COMPENSATION PHILOSOPHY HAS FOUR OBJECTIVES: 1. ATTRACT AND RETAIN A QUALIFIED, DIVERSE WORKFORCE THROUGH A COMPETITIVE COMPENSATION PROGRAM; 2. PROVIDE EQUITABLE AND FAIR COMPENSATION; 3. SUPPORT OUR BUSINESS STRATEGY; AND 4. ENSURE COMPLIANCE WITH APPLICABLE LAWS AND REGULATIONS. TOTAL COMPENSATION PACKAGE WE COMPENSATE OUR CEO THROUGH THE USE OF A TOTAL COMPENSATION PACKAGE WHICH INCLUDES BASE SALARY, COMPETITIVE BENEFITS, AND THE POTENTIAL OF A BONUS. OUR CEO'S BASE SALARY IS DERIVED FROM THIRD PARTY MARKET DATA BASED UPON NATIONAL COMPENSATION SURVEYS. THE NATIONAL COMPENSATION SURVEY DATA INCLUDES DATA FROM THE LABOR MARKET FOR POSITIONS OF SIMILAR RESPONSIBILITIES. THE COMPENSATION OF OUR CEO IS REVIEWED BY THE EXECUTIVE COMMITTEE OF OUR BOARD OF DIRECTORS AND THEY PROVIDE A RECOMMENDATION TO OUR ENTIRE BOARD OF DIRECTORS. THE ENTIRE BOARD OF DIRECTORS APPROVES OUR CEO'S COMPENSATION. WE COMPENSATE OUR OTHER SENIOR MANAGEMENT THROUGH THE USE OF A TOTAL COMPENSATION PACKAGE WHICH INCLUDES BASE SALARY, COMPETITIVE BENEFITS, AND THE POTENTIAL OF A BONUS. THEIR ANNUAL SALARY IS ALSO DERIVED FROM THIRD PARTY MARKET DATA BASED UPON NATIONAL COMPENSATION SURVEYS AND INCLUDES DATA FROM THE LABOR MARKET FOR POSITIONS OF SIMILAR RESPONSIBILITIES. TARGETED OVERALL COMPENSATION OUR COMPENSATION PROGRAM UTILIZES ACCURATE, DETAILED JOB DESCRIPTIONS FOR ALL OF OUR EMPLOYEES, INCLUDING SENIOR MANAGEMENT WITH THE EXCEPTION OF THE CEO, AS AN INSTRUMENT TO ESTABLISH BENCHMARKED POSITIONS. THE MARKET COMPENSATION INFORMATION FOR EACH POSITION IS DERIVED FROM SALARY DATA PROVIDED BY THIRD PARTIES THROUGH NATIONAL SURVEYS AND INCLUDES SALARY DATA FOR POSITIONS WITHIN THE DETERMINED COMPETITIVE LABOR MARKET. OUR JOB DESCRIPTIONS ARE REVIEWED ANNUALLY AND INCLUDE ESSENTIAL AND NON-ESSENTIAL RESPONSIBILITIES, REQUIRED KNOWLEDGE, SKILLS AND ABILITIES, FORMAL EDUCATION AND EXPERIENCE NECESSARY TO ACCOMPLISH THE REQUIREMENTS OF THE POSITION WHICH IN TURN HELPS US ACHIEVE OPERATIONAL GOALS. UTILIZING THIS INFORMATION, OUR HUMAN RESOURCES DEPARTMENT DETERMINES A MARKET-BASED SALARY FOR EACH POSITION BASED UPON SALARY SURVEY DATA PROVIDED BY THIRD PARTIES. A THIRD-PARTY CONSULTANT REVIEWS THE MARKET-BASED SALARY DATA WE COMPILED FOR REASONABLENESS AND FAIRNESS ANNUALLY. OUR BOARD OF DIRECTORS HAS DEFINED MARKET-BASED SALARY AS APPROXIMATELY 95% TO 100% OF THE 50TH PERCENTILE OF THE MARKET, EXCLUDING NEW HIRES THAT MAY BE HIRED AT 90% OF THE 50TH PERCENTILE OF MARKET UNTIL A LEARNING PERIOD IS COMPLETE. PROCESS OUR BOARD OF DIRECTORS HAS DELEGATED TO OUR CEO THE AUTHORITY TO ESTABLISH AND ADJUST COMPENSATION FOR ALL EMPLOYEES OTHER THAN HIMSELF. WE HAVE A SUB-COMMITTEE OF OUR BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE, WHICH RECOMMENDS COMPENSATION FOR OUR CEO TO THE ENTIRE BOARD OF DIRECTORS AND THE ENTIRE BOARD OF DIRECTORS APPROVES THE COMPENSATION. THE COMPENSATION FOR ALL OTHER EMPLOYEES, INCLUDING MEMBERS OF SENIOR MANAGEMENT OTHER THAN THE CEO, IS APPROVED BY OUR CEO BASED UPON MARKET-BASED SALARY DATA. ON AN ANNUAL BASIS OUR BOARD OF DIRECTORS REVIEWS THE PERFORMANCE AND COMPENSATION OF OUR CEO AND OUR CEO REVIEWS THE PERFORMANCE AND COMPENSATION OF THE REMAINING SENIOR MANAGEMENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 4: | LINE 4 CONTAINS CAPITAL CREDITS ALLOCATED TO OUR MEMBERS. |
| FORM 990, PART XI, LINE 9: | CLOVER BOOK DEPRECIATION FOR FULL YEAR -5,316,208. FEDERAL INCOME TAX 1120-POL -5,964. BOOK/TAX DIFFERENCES FROM PARTNERSHIP -69,246. TAX AMORTIZATION OF REA PREPAYMENT 340,619. PATRONAGE DIVIDENDS - MEMBERSHIP BENEFIT 12,159,416. |
| FORM 990, PART I, LINE 3 AND PART VI, LINE 1A: | ODEC IS GOVERNED BY A BOARD OF 22 DIRECTORS, CONSISTING OF TWO REPRESENTATIVES FROM EACH OF OUR MEMBER DISTRIBUTION COOPERATIVES AND ONE REPRESENTATIVE FROM TEC TRADING INC, ITS CLASS B MEMBER. THE CHAIRMAN OF THE BOARD CASTS 2 VOTES, ONE FOR HIS COOPERATIVE AND ONE FOR TEC. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TEC TRADING INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4201 DOMINION BOULEVARD SUITE 300 | AddressLine1Txt |
| City | GLEN ALLEN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23060 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 542040896 | EIN |
| Primary Activities | ELEC POWER DISTRIBUTION | PrimaryActivitiesTxt |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Entity Type | C | EntityTypeTxt |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
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