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Nonprofiteer
← RAPPAHANNOCK ELECTRIC COOPERATIVE

Form 990 for tax year 2023

Filed by RAPPAHANNOCK ELECTRIC COOPERATIVE.

Totals

Total revenue
$535,480,140
Total expenses
$518,647,835
Contributions and grants received
$0
Grants paid
$44,300
Program service revenue
$529,839,451
Investment income
$3,647,666
Other revenue
$1,993,023
Total assets, end of year
$1,199,468,499
Total liabilities, end of year
$757,399,996
Net assets or fund balances, end of year
$442,068,503
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JOHN D HEWA

    PRESIDENT &

    Total calculated
    $992,731
    From this org
    $889,738
    From related orgs
    $0
    Other
    $102,993
    Hours/week
    60 + 6 related

    Schedule J breakdown matched by us

    Base
    $770,735
    Bonus
    $102,000
    Other
    $17,003
    Deferred
    $86,493
    Nontaxable benefits
    $16,500
    Filer's total
    $992,731

  • PETER N MUHORO

    CHIEF STRAT

    Total calculated
    $607,160
    From this org
    $429,442
    From related orgs
    $75,000
    Other
    $102,718
    Hours/week
    55 + 10 related

    Schedule J breakdown matched by us

    Base
    $425,851 + $75,000 related
    Bonus
    not reported
    Other
    $3,591
    Deferred
    $86,493
    Nontaxable benefits
    $16,225
    Filer's total
    $532,160 + $75,000 related

  • TRACEY B STEINER

    CHIEF ENG &

    Total calculated
    $504,195
    From this org
    $401,202
    From related orgs
    $0
    Other
    $102,993
    Hours/week
    55 + 0.3 related

    Schedule J breakdown matched by us

    Base
    $392,685
    Bonus
    not reported
    Other
    $8,517
    Deferred
    $86,493
    Nontaxable benefits
    $16,500
    Filer's total
    $504,195

  • LAWRENCE G ANDREWS

    CHIEF ADMIN

    Total calculated
    $455,301
    From this org
    $353,561
    From related orgs
    $0
    Other
    $101,740
    Hours/week
    60 + 1 related

    Schedule J breakdown matched by us

    Base
    $348,659
    Bonus
    not reported
    Other
    $4,902
    Deferred
    $85,240
    Nontaxable benefits
    $16,500
    Filer's total
    $455,301

  • JOHN M ARP

    CHIEF ENG &

    Total calculated
    $439,060
    From this org
    $336,067
    From related orgs
    $0
    Other
    $102,993
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $333,307
    Bonus
    not reported
    Other
    $2,760
    Deferred
    $86,493
    Nontaxable benefits
    $16,500
    Filer's total
    $439,060

  • LEESETTA J BROCK

    PRINCIPAL EN

    Total calculated
    $417,125
    From this org
    $335,813
    From related orgs
    $0
    Other
    $81,312
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $318,836
    Bonus
    not reported
    Other
    $16,977
    Deferred
    $64,812
    Nontaxable benefits
    $16,500
    Filer's total
    $417,125

  • JOHN S CRAWFORD

    MGR DIR SAFE

    Total calculated
    $352,727
    From this org
    $280,366
    From related orgs
    $0
    Other
    $72,361
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $268,799
    Bonus
    $2,000
    Other
    $9,567
    Deferred
    $62,075
    Nontaxable benefits
    $10,286
    Filer's total
    $352,727

  • PATRICIA J HATCHER

    MGR DIR HR

    Total calculated
    $335,442
    From this org
    $274,395
    From related orgs
    $0
    Other
    $61,047
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $254,018
    Bonus
    $3,500
    Other
    $16,877
    Deferred
    $56,903
    Nontaxable benefits
    $4,144
    Filer's total
    $335,442

  • JASON E SATTERWHITE

    CHIEF GRID O

    Total calculated
    $321,967
    From this org
    $251,282
    From related orgs
    $0
    Other
    $70,685
    Hours/week
    50 + 1 related

    Schedule J breakdown matched by us

    Base
    $244,891
    Bonus
    $5,000
    Other
    $1,391
    Deferred
    $54,185
    Nontaxable benefits
    $16,500
    Filer's total
    $321,967

  • BRUCE M BOWE JR

    ASSISTANT TR

    Total calculated
    $307,156
    From this org
    $233,930
    From related orgs
    $0
    Other
    $73,226
    Hours/week
    60 + 1 related

    Schedule J breakdown matched by us

    Base
    $232,842
    Bonus
    not reported
    Other
    $1,088
    Deferred
    $56,726
    Nontaxable benefits
    $16,500
    Filer's total
    $307,156

  • BRET K ELLIOTT

    MGR DIR IT &

    Total calculated
    $304,760
    From this org
    $253,794
    From related orgs
    $0
    Other
    $50,966
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $247,713
    Bonus
    not reported
    Other
    $6,081
    Deferred
    $34,466
    Nontaxable benefits
    $16,500
    Filer's total
    $304,760

  • SHAWN P MCDONOUGH

    MGR DIR REG

    Total calculated
    $269,700
    From this org
    $248,347
    From related orgs
    $0
    Other
    $21,353
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,465
    Bonus
    not reported
    Other
    $115,882
    Deferred
    $19,786
    Nontaxable benefits
    $1,567
    Filer's total
    $269,700

  • WHITNEY S WATTS

    ASSISTANT SE

    Total calculated
    $210,273
    From this org
    $155,677
    From related orgs
    $0
    Other
    $54,596
    Hours/week
    50 + 3 related

    Schedule J breakdown matched by us

    Base
    $140,903
    Bonus
    $14,000
    Other
    $774
    Deferred
    $38,096
    Nontaxable benefits
    $16,500
    Filer's total
    $210,273

  • ERIC PAULSON

    TREASURER

    Total calculated
    $38,800
    From this org
    $38,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    17 + 1 related

  • CHRISTOPHER G SHIPE

    CHAIRMAN

    Total calculated
    $37,500
    From this org
    $37,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    30 + 5 related

  • EUGENE L CAMPBELL JR

    DIRECTOR

    Total calculated
    $37,100
    From this org
    $37,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    14

  • LINDA R GRAY

    SECRETARY

    Total calculated
    $37,000
    From this org
    $37,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    17 + 5 related

  • JESSE R THOMAS JR

    DIRECTOR

    Total calculated
    $36,900
    From this org
    $36,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    15 + 12 related

  • J MARK WOOD

    DIRECTOR

    Total calculated
    $36,600
    From this org
    $36,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    15 + 1 related

  • SANFORD REAVES JR

    VICE CHAIRMA

    Total calculated
    $35,900
    From this org
    $35,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.5 + 3 related

  • DARLENE H CARPENTER

    DIRECTOR

    Total calculated
    $35,800
    From this org
    $35,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    18 + 9 related

  • MICHAEL W LINDSAY

    DIRECTOR

    Total calculated
    $35,100
    From this org
    $35,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
JOHN D. HEWA 0 8,723 0 PETER N. MUHORO 0 1,096 0 TRACEY B. STEINER 0 1,035 0 JOHN M. ARP 0 100 0
SCHEDULE J, PART III
CERTAIN INDIVIDUALS PARTICIPATE IN A NONQUALIFIED EXECUTIVE BENEFIT RESTORATION PLAN (EBR)UNDER CODE SECTION 457(F), AS A RESULT OF HAVING BENEFITS UNDER THE QUALIFIED PENSION PLAN RESTRICTED BECAUSE OF MAXIMUM LIMITS ON BENEFITS THAT MAY BE PROVIDED UNDER THE QUALIFIED PENSION PLAN. THE EBR IS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE PRIOR TO PARTICIPANTS REACHING NORMAL RETIREMENT DATE AND OTHER RESTRICTIONS AS DEFINED IN THE EBR PLAN DOCUMENT. 990 REPORTING RULES REQUIRES AMOUNTS ACCRUED BUT NOT YET VESTED OR RECEIVED, TO BE INCLUDED ON SCHEDULE J PART II, COLUMN C. THE FOLLOWING INDIVIDUALS HAD AMOUNTS ACCRUED UNDER THIS PLAN DURING 2023: JOHN HEWA 189,944 TRACEY STEINER 175,747 PETER MUHORO 62,056 JASON SATTERWHITE 59,929 LAWRENCE ANDREWS 5,733 SHAWN P. MCDONOUGH RECEIVED A ONE-TIME PAYMENT DURING 2023 TOTALING 109,044 THAT HAS BEEN INCLUDED ON SCHEDULE J, PART II B (III) OTHER REPORTABLE COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • RAPPAHANNOCK ELECTRIC COMM INC

    C CORP · TECH SVCS · VA · 100% owned · share of income $75,721 · share of assets $1,531,343 · controlled entity

    Directly controlled by REC

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2024
IRS schema version
2023v5.0
Source object
202442269349301204

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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