2012-11-12T10:47:13-08:00 2011-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2011-01-01 540377465 SHENANDOAH VALLEY ELECTRIC COOPERATIVE SHEN 5404342200 PO BOX 236 MT CRAWFORD VA 22841 MYRON D RUMMEL 2012-11-12 true G STEVEN GILLIAM CPA 8043231313 2011 2016-02-24 21:20:13Z Myron D Rummel PO Box 236 Mount Crawford VA 22841 232659421 false false X www.svec.coop X 1936 VA SAfe and effective DISTRIBUTION OF ELECTRICITY TO the members of SVEC 11 11 232 64413 63413 0 164602718 216734413 642572 3877226 571281 1084329 165816571 221695968 0 14132395 14472706 18417430 0 0 145649457 186335816 160122163 218885641 5694408 2810327 400467604 411161811 315762307 310316710 84705297 100845101 SAfe and effective DISTRIBUTION OF ELECTRICITY TO the members of SVEC false false SAFE AND EFFECTIVE distribution OF ELECTRICITY to the members of SVEC. The three largest program services as measured by expenses were as follows:Cost of Power $154,789,464Benefits paid to members $14,132,395Salaries $13,542,180 false false false false false false false false false false true false true false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false true 48 0 true 232 true true true false false false false false false false false false 215462703 16176832 false false false false X 11 11 false false false false true true true true true false false false true true true true true true true true false false VA X SHENANDOAH VALLEY ELECT COOP 5404342200 PO BOX 236 MT CRAWFORD VA 22841 Richard C Shickle Sr 5.00 X 10823 0 0 Robbie F Marchant 3.00 X 10750 0 0 Joyce R CRAUN 2.00 X 15389 0 0 Charles H Huffman 6.00 X X 17843 0 0 Larry C HOWDYSHELL 9.00 X X 17087 0 0 Gerald A HEATWOLE 4.00 X 16050 0 0 G H Gibbs 5.00 X 10750 0 0 Fred C GARBER 9.00 X 16642 0 0 STEPHEN BURKHOLDER 8.00 X X 18961 0 0 JAMES E ZERKEL II 4.00 X 15702 0 0 LARRY E GARBER 5.00 X 16298 0 0 Myron D Rummel 50.00 X 332952 0 133238 Allen R Ritchie 58.00 X 162395 0 86423 John Coffey III 65.00 X 161455 0 29536 Wayne D Hannah Jr 50.00 X 131497 0 29435 JEFFERY HARMON 47.00 X 132254 0 57296 Greg Rogers 50.00 X 132737 0 23043 Vivian Michael 50.00 X 116019 0 33840 Michael Alexander 50.00 X 119523 0 18886 1455127 411697 12 false true false Sooner Meter Sales and Service 401 Industrial Drive Duncan OK 73533 Meter Sales and Serv 807380 Powertech Engineering LLC PO Box 277624 Atlanta GA 30384 Engineering Serv 526087 DAVIS H ELLIOTT PO BOX 37251 Baltimore MD 21297 Line Construction 2601113 ASPLUNDH 708 BLAIR MILL RD WILLOW GROVE PA 19090 RIGHT OF WAY 2404711 Aerial Solutions 7074 Ramsey Ford Road Tabor City NC 28463 Helicopter Side Trim 1017383 15 0 SALE AND DIST. OF ELECT. 215462703 215462703 PATRONAGE ALLOC. RECEIVED 188698 188698 CONTRIB. IN AID OF CONST. 1083012 1083012 216734413 793638 793638 0 0 1097752 13453 1084299 1084299 64413 1019886 14033588 10950000 3083588 3083588 3083588 0 0 0 Other 221000 30 30 30 221695968 216734443 64413 4897112 0 0 0 14132395 1072294 0 13542180 2596043 0 1206913 0 414834 0 0 0 0 0 0 0 0 0 0 2382091 0 147962 7607233 0 12852310 0 OTHER 2695208 DISTRIBUTION OPERATION 3284044 DISTRIBUTION MAINTENANCE 7536802 COST OF POWER 154789464 CONSUMER ACCOUNTS 2867379 -8241511 218885641 0 0 0 15689574 7166978 34019919 50338291 0 37131599 24140137 0 0 0 8314232 13010090 10143810 11638787 406825300 142176316 257267375 264648984 0 0 37098876 39298815 0 802219 919729 400467604 411161811 28037305 22097770 259892163 276461549 27832839 11757391 315762307 310316710 X 84705297 100845101 84705297 100845101 400467604 411161811 X 2810327 13329477 X false true true X false false 3366771 3366771 403458529 142176316 261282213 264648984 39298815 Other current liabilites 2271782 Other 2800 Deferred rate mitigation 3750000 Customer advances 109210 CONSUMER DEPOSITS 5397714 Advance pole rentals 225885 11757391 221695968 218885641 2810327 15277189 15277189 18087516 222840762 222840762 -1144794 -1144794 221695968 204766699 204766699 14118942 14118942 218885641 Part XIII, Line 4b Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S 990 T EXPENSES NETTED AGAINST REVENUES $-13453 patronage div. paid to members' accts $14132395 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances noncash patronage capital allocations not revenue per IRS $2227806 NET CHANGE IN DONATED CAPITAL $78035 NET CHANGE IN MEMBERSHIPS $2995 patronage div. paid to members' accts not expense per gaap $14132395 CONTRIBUTIONS IN AID OF CONSTruction not revenue per GAAP $ -1083012 RETIREMENT OF CAPITAL CREDITS $ -2028742 X true true X X X X X false false false Wayne D Hannah Jr 115368 15381 748 22715 6720 160932 Myron D Rummel 292914 32527 7511 126518 6720 466190 John Coffey III 143075 17632 748 22816 6720 190991 JEFFERY HARMON 122848 9406 52496 4800 189550 Greg Rogers 123530 9207 16323 6720 155780 Allen R Ritchie 143697 15187 3511 81623 4800 248818 Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. 990 PART VII SECTION A COLUMN F The Cooperative participates in the NRECA group defined pension plan. As part of this plan, participants are required to recognize the actuarial increase in the value of their account on the form 990. The contribution rate for participants in the plan are the same for all individuals in the plan. The change in actuarial value for each participant, however, varies with age. In other words, the older a participant is, the greater the increase in that individual's change in actuarial value with all other things being equal. 990 Part IX Line 4 Benefits paid to or for members Patronage dividends are paid to members' accounts in accordance with the pre-existing obligation in the Cooperative's by-laws. The Cooperative is obligated to pay by credits to a capital account for each patron all such amounts in excess of operating costs and expenses.IRS instructions for line 4 changed in 2011 to include patronage dividends paid by section 501(c)(12) organizations to their members. Accordingly, these amounts are now reported on line 4. The total paid for 2010 was $9,930,233. 990 Part IX Line 17 Travel This line represents all travel expenses including mileage, gas, and the maintenance costs of all vehicles owned by the Cooperative. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available GOVERNING DOCUMENTS, POLICIES, FORM 990 AND FINANCIAL STATEMENTS ARE ALWAYS AVAILABLE UPON REQUEST. BYLAWS,RATES AND TERMS ARE DISCLOSED ON THE COOPERATIVES WEBSITE. FINANCIAL INFORMATION IS PRESENTED TO THE MEMBERSHIP EACH YEAR AT THE ANNUAL MEETING. THIS INFORMATION IS ALSO PUBLISHED IN THE COOPERATIVE'S MAGAZINE COOPERATIVE LIVING WITH LINKS AVAILABLE ON THE WEBSITE. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees THE GOVERNING BOARD'S COMPENSATION AND BENEFITS COMMITTEE DOES AN ANNUAL REVIEW OF OFFICERS AND KEY EMPLOYEE'S COMPENSATION AND BENEFITS. THIS IS DONE AFTER A THIRD PARTY REVIEW OF THE OVERALL COMPENSATION. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts THE COOPERATIVE'S LEGAL COUNSEL ANNUALLY REVIEWS THE CONFLICT OF INTEREST COMPLIANCE AND ENFORCEMENT WITH THE GOVERNING BOARD. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process THE VICE PRESIDENT OF FINANCE REVIEWS THE 990 WITH THE BOARD PRIOR TO FILING WITH THE IRS. Form 990, Part VI, Line 7b Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS AS required by state law and BYLAWS. Form 990, Part VI, Line 7a Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body MEMBERS OF THE GOVERNING BOARD ARE ELECTED BY THE MEMBERSHIP OF THE COOPERATIVE. THE BOARD HAS regular MONTHLY MEETINGS. AN ANNUAL MEETING IS OPEN TO THE ENTIRE MEMBERSHIP. Form 990, Part VI, Line 6 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder SHENANDOAH VALLEY ELECTRIC COOPERATIVE IS AN ELECTRIC MEMBERSHIP COOPERATIVE THAT DELIVERS ELECTRICITY TO THE MEMBERS OF SVEC.