2013-08-08T13:06:20-07:00 2012-12-31 990 2012-01-01 540346923 NORTHERN VIRGINIA ELECTRIC CO-OP NORT 7033350500 PO Box 2710 Manassas VA 201080875 Wilbur Rollins 7033921626 2013-08-08 2012 2016-02-24 21:20:13Z NOVEC Stanley C Feuerberg P O Box 2710 Manassas VA 201080875 389548576 0 X www.novec.com X 1983 VA Mission: To exceed the expectations of our customers and to be the preferred energy provider in all markets we serve. Distribution of Electricity serving approx. 150,428 meters/customers. 9 9 329 0 0 0 0 0 447929374 387993363 3276947 2509701 -165756 -954488 451040565 389548576 0 0 46127997 21247150 25694623 26012323 0 0 0 383811592 342289103 455634212 389548576 -4593647 0 703708427 790834438 145561194 212204968 558147233 578629470 To exceed the expectations of our customers and to be the preferred energy provider in all markets served. Distribution of Electricity (150,428 Meters/Customers) 0 0 368301426 0 387993363 Provide affordable serivce to its 150,428 members with 99.99% average system reliability rate. NOVEC returned to its member-owners $1.1M in patronage capital; connected 2,802 metered and completed $32.8M in new construction during the fiscal year. 0 0 0 368301426 0 0 1 0 0 0 0 0 0 1 1 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 41 0 1 329 1 0 0 0 0 0 382234164 5759200 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 X NOVEC Northern Virginia Electric Cooperative 7033350500 10323 Lomond Drive PO Box 2710 Manassas VA 201080875 Grove Walter 0.96 0 X 42830 0 4000 Wheeler Ann 3.02 0 X 45111 0 4600 Ragan Michael 3.3 0 X 27476 0 7600 Harris Harry 2.6 0 X 19951 0 0 Zilliott William 3.27 0 X 27914 0 0 House Wade 2.04 0 X 27476 0 7600 Gilbride Cynthia 2.83 0 X 23176 0 4000 Chesley James 1.7 0 X 23376 0 4000 Garber Manley 2.94 0 X 39227 0 7600 Feuerberg Stan 40 0 X 538208 0 80351 Rollins Wilbur 40 0 X 241464 0 57335 Bisson Robert 40 0 X 188613 0 31081 Moxley James 40 0 X 187959 0 58677 Dailey Michael 40 0 X 173348 0 56343 Barbee Allen 40 0 X 122829 0 28351 Curtis William 40 0 X 143167 0 46630 Toulme Patrick 40 0 X 176315 0 56148 Parsons Marlene 40 0 X 144524 0 38036 Johnson Diane 40 0 X 120760 0 32679 Shaffer Clarence 40 0 X 124896 0 42503 Blaylock Kenneth 40 0 X X 122421 0 44159 Jaramillo Gilbert 40 0 X 130729 0 47135 Rainey John 40 0 X 159777 0 51724 Myers Gordon 40 0 X 111017 0 27887 McElhiney David 40 0 X X 112932 0 43989 Hawkins Warren 40 0 X X 110710 0 30141 Hollcroft Mason 40 0 X X 110372 0 43099 Litten Wayne 56.77 0 X 115692 0 33171 Hampton Dan 62.73 0 X 111650 0 25666 Price Kevin 52.83 0 X 106152 0 38352 3630072 0 952857 21 0 1 0 Leo Construction Company PO Box 966 Sterling VA 201673966 Underground Utility construction 2867400 Dewberry and Davis Consultants PO Box 1824 Merrifield VA 22116 Substation Design and Project Review 175019 Alex-Alternative Experts LLC PO Box 434 Marshall VA 20116 Engineering Support 150599 KPMG PO Box 841156 Dallas TX 752841156 Auditing Services 208950 4 0 Electric Sales 221000 382234164 382234164 0 0 Electric Services 221000 3924171 3924171 0 0 Rent from Electric Property 221000 1835028 1835028 0 0 0 0 0 0 387993363 2509701 2509701 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Fiber Optic Leases 221000 565645 565645 0 0 Patronage from Associated Organization 900099 -1520133 -1520133 0 0 0 0 0 0 -954488 389548576 389548576 0 0 X 0 0 0 21247150 1879207 0 16061939 2917679 3968189 1185309 3644333 131079 280205 46041 0 0 548337 753792 3674703 1440410 0 240187 77889 0 28279 3857973 60220 20578493 798744 Property Taxes 6320372 Purchased Power Supply 291186682 Transmission & Distribution Expense 4536381 Consumer Services 3071040 1013943 389548576 0 0 0 4377689 6702422 55616613 46247208 576192 108406 27586251 36586305 0 0 0 0 0 70000000 8257290 8727931 1303361 1007801 707478324 232995384 459827679 474482940 0 0 49336979 51357212 6197085 6612059 0 0 90629288 89002154 703708427 790834438 29248147 31605698 0 0 2767375 2329406 0 0 0 0 0 0 88383491 79732452 0 70000000 25162181 28537412 145561194 212204968 X 1129378 1051157 20918470 21582498 536099385 555995815 558147233 578629470 703708427 790834438 X 0 0 0 0 0 20482237 X 0 1 X 1 1 1 5060 0 4135 925 5060 1 Friends of Tag Greason PO Box 651293 Potomac Falls VA 20165 260330076 250 0 J Chapman Petersen Petersen for State Senate Post Office Box 1066 Fairfax VA 220381066 760846380 510 0 Friends of Jackson Miller PO Box 10072 Manassas VA 201080632 300369691 500 0 Dave Marsden Marsden for Senate 9322 Jackson Street Burke VA 22015 421691958 300 0 Friends of Scott Lingamfelter 5420 Lomax Way Woodbridge VA 22193 470911440 350 0 Mark Herring for Senate PO Box 6246 Leesburg VA 20178 204002020 250 0 Puller for Senate PO Box 73 Mt Vernon VA 22121 541998179 250 0 Barker for Senate PO Box 10527 Alexandria VA 22310 870782633 250 0 Friends of Mike May 12322 Mulberry Court Woodbridge VA 22192 134218831 250 0 Friends of John Jenkins 4194 Windflower Court Dale City VA 22193 541998247 200 0 Friends of Luke Torian 4222 Fortuna Plaza No 659 Dumfries VA 22025 264035793 500 0 Friends of Pat Herrity PO Box 2863 Springfield VA 22152 208668416 250 0 LeMunyon for Delegate 3296 Willow Glen Drive Oak Hill VA 201711916 262196998 25 0 Friends of David Ramadan 25050 Riding Plaza Suite 130650 South Riding VA 20152 452384227 250 0 SchC_P1A_S00_L01 Schedule C, Part I-A, Line 1 Provided campaign contributions to local and state candidates 15966108 0 15966108 21436930 0 9933327 11503603 645882 0 271502 374380 25642118 0 15026337 10615781 643787286 0 207764218 436023068 474482940 51357212 F 51357212 Investment in Associated Organizations 52375356 Collateral 9350000 Special Funds-457 Compensation 1858843 Accrued Revenue 24380235 Other Current and Accrued Assets 1037720 89002154 0 Consumer Deposits 9217451 Purchased Power Cost Recovery 16791591 Provision for Pension Benefits 2044243 Current and Accrued Liabilities 484127 28537412 389548576 0 0 0 0 0 389548576 0 0 0 389548576 368301426 0 0 0 0 0 368301426 0 21247150 21247150 389548576 SchD_P12_S00_L04b Schedule D, Part XII, Line 4b Included in Part IX line 4 is patronage dividends paid to members that is not recorded as an expenses on NOVEC's audited financial statements. Patronage allocated to members are recorded as a reduction to equity on the audited balance sheet. X X X 0 0 0 Grove Walter 23800 0 0 0 19030 0 4000 0 0 0 46830 0 0 Wheeler Ann 23500 0 0 0 21611 0 4600 0 0 0 49711 0 0 0 Ragan Michael 25900 0 0 0 1576 0 7600 0 0 0 35076 0 0 0 Harris Harry 19800 0 0 0 151 0 0 0 0 0 19951 0 0 0 Zilliott William 27100 0 0 0 814 0 0 0 0 0 27914 0 0 0 House Wade 25900 0 0 0 1576 0 7600 0 0 0 35076 0 0 0 Gilbride Cynthia 21600 0 0 0 1576 0 4000 0 0 0 27176 0 0 0 Chesley James 21800 0 0 0 1576 0 4000 0 0 0 27376 0 0 0 Garber Manley 20200 0 0 0 19027 0 7600 0 0 0 46827 0 0 0 Feuerberg Stan 478708 0 20000 0 22500 0 17000 0 80911 0 619119 0 0 0 Rollins Wilbur 184464 0 17500 0 22500 0 17000 0 57335 0 298799 0 0 0 Bisson Robert 158113 0 17500 0 13000 0 0 0 31381 0 219994 0 0 0 Moxley James 160689 0 16750 0 10520 0 0 0 58677 0 246636 0 0 0 Dailey Michael 139720 0 19000 0 14628 0 0 0 56343 0 229691 0 0 0 Barbee Allen 89453 0 12000 0 21376 0 0 0 28669 0 151498 0 0 0 Curtis William 128464 0 13250 0 1452 0 0 0 46630 0 189796 0 0 0 Toulme Patrick 133761 0 20000 0 19954 0 2600 0 56148 0 232463 0 0 0 Parsons Marlene 110274 0 11750 0 22500 0 0 0 38036 0 182560 0 0 0 Johnson Diane 89260 0 11500 0 20000 0 0 0 32679 0 153439 0 0 0 Blaylock Kenneth 92908 0 16487 0 13027 0 0 0 44159 0 166581 0 0 0 Jaramillo Gilbert 102263 0 17670 0 10797 0 0 0 47135 0 177865 0 0 0 Rainey John 116353 0 20924 0 22500 0 0 0 51724 0 211501 0 0 0 Shaffer Clarence 89324 0 15072 0 20500 0 0 0 42733 0 167629 0 0 0 Myers Gordon 94909 0 14548 0 1560 0 0 0 27887 0 138904 0 0 0 Litten Wayne 114497 0 250 0 946 0 0 0 33171 0 148864 0 0 McElhiney David 87769 0 15068 0 10095 0 0 0 43989 0 156921 0 0 0 Hawkins Warren 88172 0 14218 0 8320 0 0 0 30141 0 140851 0 0 0 Hollcroft Mason 80680 0 14849 0 14842 0 0 0 43099 0 153470 0 0 0 Hampton Dan 104675 0 250 0 6725 0 0 0 25666 0 137316 0 0 0 Price Kevin 89296 0 250 0 16606 0 0 0 38351 0 144503 0 0 0 SchJ_P01_S00_L03 Schedule J, Part I, Line 3 The CEO's compensation is the responsibility of the Executive committee of the Board of Directors. F990_P06_S0A_L06 Form 990, Part VI, Section A, Line 6 NOVEC is a member owned electric cooperative F990_P06_S0A_L07a Form 990, Part VI, Section A, Line 7a NOVEC's members elect the governing body by vote or proxy at the annual meeting F990_P06_S0B_L11b Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed by the Accounting Manager, Vice President of Finance and Board of Directors for accuracy and completeness compared to the audited financial statements F990_P06_S0B_L12c Form 990, Part VI, Section B, Line 12c The policy is monitored and enforced through education and awareness at regular employee meetings and inquiries of directors. F990_P06_S0B_L15 Form 990, Part VI, Section B, Line 15 The VP of Human Resources is responsible for compensation packet for officers and key employees. A market analysis is performed by an independent consultants group with benchmarks by industry and geographical data. The CEO approves compensation packets for key employees. The Executive committee of the Board of Directors review officers compensation, benefits and contract amendments with recommendation for approval F990_P06_S0C_L19 Form 990, Part VI, Section C, Line 19 All documents are made available, upon written request, by mail, fax or electronic copy. F990_P09_S00_L04 Form 990, Part IX, Line 4 As an Electric Cooperative, NOVEC defines patronage dividends "paid" as margins to be allocated to its members for the current fiscal period. These dividends paid are not recorded as expenses per GAAP guidelines. F990_P11_S00_L09 Form 990, Part XI, Line 9 NOVEC does not record its patronage dividends paid or allocated to members as an expense. They are recorded as a reduction to equity on the balance sheet ($21,247,150); patronage capital retirements ($1,350,721) and Other changes in Equitites $585,807 NOVEC Holdings Inc 10323 Lomond Drive Manassas VA 20109 900719502 Energy Production and Distribution DE Northern Virginia Electric Cooperative C 100 100 1 NOVEC Energy Solutions Inc PO Box 2710 Manassas VA 20108 542001851 Retail sale of Natural Gas VA NOVEC Holdings Inc C 1 NOVEC Solutions Inc PO Box 2710 Manassas VA 20108 541830182 Retail sale pf generators, water heaters, surge protectors VA NOVEC Holdings Inc C 1 South Boston Energy LLC DBA NOVEC Energy Production2 PO Box 2710 Manassas VA 20108 641649511 Biomass generation power plant VA NOVEC Holdings Inc C 1 0 0 0 1 0 1 0 0 0 1 0 0 0 1 1 1 1 0 0 NOVEC Solutions Inc j 3659 Rent is determined by rental market analysis NOVEC Energy Solutions Inc j 14919 Rent is determined by rental market analysis NOVEC Solutions Inc q 101248 Labor is reimbursed at cost plus fringe benefits fees NOVEC Energy Solutions Inc q 66991 Labor is reimbursed at cost plus fringe benefits fees South Boston Energy LLC DBA NOVEC Energy Production2 q 268354 Labor is reimbursed at cost plus fringe benefits fees NOVEC was granted an extension of time to file Notice #CP211A dated June 24, 2013