Rappahannock Electric Cooperative

Fredericksbrg, VA
Tax-exempt since Dec. 1942
EIN: 54-1135340

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Revenue

$535M (2023)

Expenses

$519M (2023)

Total Assets

$1.2B (2023)

Total Liabilities

$757M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Revenue

$535,480,140

Expenses

$518,647,835

Net Income

$16,832,305

Net Assets

$442,068,503

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$529,839,451	98.9%
Investment Income	$3,235,793	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,597,760	0.3%
Net Fundraising	$0
Sales of Assets	$411,873	0.1%
Net Inventory Sales	$316	0.0%
Other Revenue	$394,947	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,093,543	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$50,329,552	9.7%

Assets/Debt
Total Assets	$1,199,468,499
Total Liabilities	$757,399,996
Net Assets	$442,068,503

Club or Co-Op Income
Income From Members	$507,602,729
Income From Other Sources	$26,693,534

Compensation

Key Employees and Officers	Compensation	Related	Other
John D Hewa (President &)	$889,738	$0	$102,993
Peter N Muhoro (Chief Strat)	$429,442	$75,000	$102,718
Tracey B Steiner (Chief Eng &)	$401,202	$0	$102,993
Lawrence G Andrews (Chief Admin)	$353,561	$0	$101,740
John M Arp (Chief Eng &)	$336,067	$0	$102,993
Leesetta J Brock (Principal En)	$335,813	$0	$81,312
John S Crawford (Mgr Dir Safe)	$280,366	$0	$72,361
Patricia J Hatcher (Mgr Dir Hr)	$274,395	$0	$61,047
Bret K Elliott (Mgr Dir It &)	$253,794	$0	$50,966
Jason E Satterwhite (Chief Grid O)	$251,282	$0	$70,685
Shawn P Mcdonough (Mgr Dir Reg)	$248,347	$0	$21,353
Bruce M Bowe Jr (Assistant Tr)	$233,930	$0	$73,226
Whitney S Watts (Assistant Se)	$155,677	$0	$54,596
Eric Paulson (Treasurer)	$38,800	$0	$0
Christopher G Shipe (Chairman)	$37,500	$0	$0
Eugene L Campbell Jr (Director)	$37,100	$0	$0
Linda R Gray (Secretary)	$37,000	$0	$0
Jesse R Thomas Jr (Director)	$36,900	$0	$0
J Mark Wood (Director)	$36,600	$0	$0
Sanford Reaves Jr (Vice Chairma)	$35,900	$0	$0
Darlene H Carpenter (Director)	$35,800	$0	$0
Michael W Lindsay (Director)	$35,100	$0	$0

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990

Filed on Aug. 13, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$493,777,612

Expenses

$488,656,915

Net Income

$5,120,697

Net Assets

$434,774,816

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$748,802	0.2%
Program Services	$490,374,060	99.3%
Investment Income	$1,712,659	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,472,845	0.3%
Net Fundraising	$0
Sales of Assets	-$1,052,550
Net Inventory Sales	$53,315	0.0%
Other Revenue	$468,481	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,564,528	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$48,257,083	9.9%

Assets/Debt
Total Assets	$1,122,357,083
Total Liabilities	$687,582,267
Net Assets	$434,774,816

Club or Co-Op Income
Income From Members	$480,060,966
Income From Other Sources	$13,041,003

Compensation

Key Employees and Officers	Compensation	Related	Other
John D Hewa (President &)	$741,416	$0	$94,305
Peter Muhoro (Chief Strat)	$379,522	$50,000	$93,918
Lawrence G Andrews (Chief Admin)	$350,095	$0	$94,305
John Arp (Chief Eng &)	$330,200	$0	$94,305
Tracey B Steiner (Chief Eng &)	$323,091	$0	$76,804
John S Crawford (Mgr Dir Safe)	$273,391	$0	$67,515
Marc L Seay (Mgr Dir It &)	$264,633	$0	$75,290
Patricia J Hatcher (Mgr Dir Hr)	$261,215	$0	$54,768
Leesetta J Brock (Sr Mgr Dir E)	$255,854	$0	$70,639
Shawn P Mcdonough (Mgr Regional)	$246,837	$0	$55,538
Bruce Bowe (Assistant Tr)	$222,051	$0	$66,419
David F Koogler (Former Vp Me)	$174,133	$0	$7,089
Whitney S Watts (Assistant Se)	$144,756	$0	$49,419
Eric Paulson (Director)	$40,750	$0	$0
Jesse R Thomas Jr (Director)	$39,100	$0	$0
Darlene H Carpenter (Director)	$36,000	$0	$0
Christopher G Shipe (Chairman)	$36,000	$0	$0
Linda R Gray (Secretary)	$35,400	$0	$0
Eugene L Campbell Jr (Director)	$35,000	$0	$0
Sanford Reaves Jr (Treasurer)	$34,150	$0	$0
Michael W Lindsay (Vice Chairma)	$33,950	$0	$0
J Mark Wood (Director)	$32,350	$0	$0

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990

Filed on Sept. 5, 2023

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2021

Revenue

$419,807,187

Expenses

$420,421,503

Net Income

-$614,316

Net Assets

$436,853,192

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,797,552	0.4%
Program Services	$416,452,928	99.2%
Investment Income	$460,902	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,411,496	0.3%
Net Fundraising	$0
Sales of Assets	-$497,424
Net Inventory Sales	$1,348	0.0%
Other Revenue	$180,385	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,985,197	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$43,940,108	10.5%

Assets/Debt
Total Assets	$1,043,159,165
Total Liabilities	$606,305,973
Net Assets	$436,853,192

Club or Co-Op Income
Income From Members	$409,515,890
Income From Other Sources	$8,056,198

Compensation

Key Employees and Officers	Compensation	Related	Other
John D Hewa (President &)	$659,296	$0	$266,073
Ronald W Harris (Former Senio)	$577,510	$0	$13,301
David F Koogler (Senior Vp Me)	$389,197	$0	$90,917
Peter Muhoro (Chief Strat)	$361,572	$0	$137,995
Lawrence G Andrews (Chief Admin)	$318,893	$0	$96,296
John Arp (Chief Eng &)	$283,925	$0	$84,433
John S Crawford (Mgr Dir Safe)	$245,121	$0	$60,953
Matthew A Faulconer (Mgr External)	$242,980	$0	$23,863
Patricia J Hatcher (Mgr Dir Hr)	$236,356	$0	$49,248
Marc L Seay (Mgr Dir It &)	$233,807	$0	$67,613
Sondra K Sieber (Mgr Dir Memb)	$220,465	$0	$56,528
Bruce Bowe (Assistant Tr)	$184,782	$0	$57,498
Whitney S Watts (Assistant Se)	$120,707	$0	$45,902
Christopher G Shipe (Chairman)	$39,500	$0	$0
Eugene L Campbell Jr (Director)	$34,900	$0	$0
Darlene H Carpenter (Director)	$34,500	$0	$0
Jesse R Thomas Jr (Treasurer)	$33,000	$0	$0
Linda R Gray (Director)	$32,800	$0	$0
Sanford Reaves Jr (Secretary)	$31,400	$0	$0
Michael W Lindsay (Vice Chairma)	$30,500	$0	$0
J Mark Wood (Director)	$28,700	$0	$0
William C Frazier (Director)	$20,700	$0	$0
Eric Paulson (Director)	$10,900	$0	$0

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990

Filed on Oct. 6, 2022

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2020

Revenue

$426,168,943

Expenses

$424,936,853

Net Income

$1,232,090

Net Assets

$426,654,247

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$423,618,544	99.4%
Investment Income	$1,192,414	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,306,425	0.3%
Net Fundraising	$0
Sales of Assets	-$28,101
Net Inventory Sales	$2,890	0.0%
Other Revenue	$76,771	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,954,659	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$39,870,656	9.4%

Assets/Debt
Total Assets	$1,024,099,105
Total Liabilities	$597,444,858
Net Assets	$426,654,247

Club or Co-Op Income
Income From Members	$417,196,297
Income From Other Sources	$7,786,391

Compensation

Key Employees and Officers	Compensation	Related	Other
Kent D Farmer (Former Pres)	$1,877,339	$0	$127,425
John D Hewa (President &)	$583,536	$0	$88,263
David F Koogler (Senior Vp Me)	$379,032	$0	$88,263
Ronald W Harris (Senior Vp En)	$344,822	$0	$88,263
Lawrence G Andrews (Vp Corpora)	$243,922	$0	$61,980
John S Crawford (Mgr Dir Safe)	$233,957	$0	$50,453
Patricia J Hatcher (Mgr Dir Hr)	$225,043	$0	$47,782
Marc L Seay (Mgr Dir It &)	$212,707	$0	$64,416
Lessetta Brock (Mgr Dir Eng)	$206,529	$0	$60,805
David M Rozell (Mgr Dir Regi)	$204,063	$0	$61,251
John Arp (Vp Eng & Ope)	$183,451	$0	$58,446
Bruce Bowe (Assistant Tr)	$156,373	$0	$53,208
Peter Muhoro (Vp Strateg)	$145,272	$0	$36,996
Whitney S Watts (Assistant Se)	$101,779	$0	$24,340
Eugene L Campbell Jr (Director)	$38,300	$0	$0
Sanford Reaves Jr (Director)	$38,050	$0	$0
Jesse R Thomas Jr (Treasurer)	$36,500	$0	$0
Christopher G Shipe (Chairman)	$35,500	$0	$0
Darlene H Carpenter (Director)	$34,800	$0	$0
Linda R Gray (Director)	$34,000	$0	$0
J Mark Wood (Secretary)	$32,200	$0	$0
Michael W Lindsay (Vice Chairma)	$32,100	$0	$0
William C Frazier (Director)	$30,500	$0	$0

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990

Filed on Nov. 9, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$471,748,644

Expenses

$471,771,422

Net Income

-$22,778

Net Assets

$419,777,677

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$271,687	0.1%
Program Services	$468,836,454	99.4%
Investment Income	$1,771,445	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,103,428	0.2%
Net Fundraising	$0
Sales of Assets	-$359,081
Net Inventory Sales	$4,880	0.0%
Other Revenue	$119,831	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,435,938	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$41,366,836	8.8%

Assets/Debt
Total Assets	$931,777,168
Total Liabilities	$511,999,491
Net Assets	$419,777,677

Club or Co-Op Income
Income From Members	$462,218,746
Income From Other Sources	$8,584,268

Compensation

Key Employees and Officers	Compensation	Related	Other
Kent D Farmer (Former Pres)	$1,083,371	$0	$178,017
John D Hewa (President &)	$520,901	$0	$85,045
David F Koogler (Vp Member Se)	$346,571	$0	$87,917
Ronald W Harris (Vp Eng & Ope)	$312,434	$0	$81,545
John S Crawford (Mgr Safety,)	$213,525	$0	$45,703
Patricia J Hatcher (Mgr Human Re)	$204,354	$0	$43,004
David M Rozell (Mgr East Reg)	$198,340	$0	$58,392
Marc L Seay (Mgr It & Sec)	$192,569	$0	$59,927
Sondra K Sieber (Mgr Member S)	$192,436	$0	$49,455
Lawrence G Andrews (Assistant Tr)	$190,693	$0	$58,539
Deanna C Kurz (Former Assis)	$94,332	$0	$14,489
Jesse R Thomas Jr (Treasurer)	$42,600	$0	$0
Eugene L Campbell Jr (Director)	$41,900	$0	$0
Sanford Reaves Jr (Director)	$41,700	$0	$0
Darlene H Carpenter (Director)	$38,700	$0	$0
Christopher G Shipe (Chairman)	$37,500	$0	$0
Linda R Gray (Director)	$37,000	$0	$0
J Mark Wood (Secretary)	$36,900	$0	$0
Michael W Lindsay (Vice Chairma)	$35,800	$0	$0
Whitney S Watts (Assistant Se)	$34,270	$0	$4,890
William C Frazier (Director)	$30,824	$0	$0

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990

Filed on Nov. 3, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$453,259,593

Expenses

$453,086,490

Net Income

$173,103

Net Assets

$406,204,508

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$453,185,554	100.0%
Investment Income	$1,171,238	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,045,782	0.2%
Net Fundraising	$0
Sales of Assets	-$2,273,569
Net Inventory Sales	$3,434	0.0%
Other Revenue	$127,154	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,342,638	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$55,225,630	12.2%

Assets/Debt
Total Assets	$935,998,307
Total Liabilities	$529,793,799
Net Assets	$406,204,508

Club or Co-Op Income
Income From Members	$454,559,897
Income From Other Sources	$7,251,837

Compensation

Key Employees and Officers	Compensation	Related	Other
Kent D Farmer (President &)	$1,182,028	$0	$168,740
John D Hewa (Vp Corp Serv)	$387,919	$0	$83,608
David F Koogler (Vp Member Se)	$322,543	$0	$80,231
Ronald W Harris (Vp Eng & Ope)	$284,593	$0	$73,459
Keith R Forry (Dir Veg Mgmt)	$253,174	$0	$42,655
Sterling F Schoonover Jr (Mgr Member S)	$203,611	$0	$50,985
John S Crawford (Mgr Safety,)	$200,352	$0	$42,258
Matthew A Faulconer (Mgr Ext Affa)	$191,929	$0	$56,837
David M Rozell (Mgr East Reg)	$185,023	$0	$55,758
Lawrence G Andrews (Assistant Tr)	$184,275	$0	$55,582
Deanna C Kurz (Assistant Se)	$143,858	$0	$30,902
Eugene L Campbell Jr (Director)	$42,900	$0	$0
Jesse R Thomas Jr (Treasurer)	$41,900	$0	$0
Sanford Reaves Jr (Director)	$41,000	$0	$0
Darlene H Carpenter (Director)	$40,100	$0	$0
Linda R Gray (Director)	$39,700	$0	$0
J Mark Wood (Secretary)	$38,400	$0	$0
Christopher G Shipe (Chairman)	$37,500	$0	$0
William C Frazier (Director)	$32,200	$0	$0
Michael W Lindsay (Vice Chairma)	$31,200	$0	$0

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990

Filed on Nov. 13, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$384,878,670

Expenses

$385,748,204

Net Income

-$869,534

Net Assets

$391,688,517

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$383,427,523	99.6%
Investment Income	$592,383	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$984,574	0.3%
Net Fundraising	$0
Sales of Assets	-$186,939
Net Inventory Sales	$3,558	0.0%
Other Revenue	$57,571	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$6,153,569	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$39,742,732	10.3%

Assets/Debt
Total Assets	$897,920,253
Total Liabilities	$506,231,736
Net Assets	$391,688,517

Club or Co-Op Income
Income From Members	$374,297,560
Income From Other Sources	$9,848,555

Compensation

Key Employees and Officers	Compensation	Related	Other
Kent D Farmer (President & Ceo)	$4,223,213	$0	$159,599
David F Koogler (Vice President)	$302,288	$0	$76,124
Joseph K Gilkerson (Mgr Human Resource)	$296,400	$0	$36,506
Ronald W Harris (Vice President)	$259,596	$0	$68,724
Sterling F Schoonover Jr (Mgr. Member Serv.)	$198,689	$0	$48,567
John S Crawford (Mgr. Tech. Serv.)	$194,820	$0	$40,841
Matthew Faulconer (Mgr. External Aff.)	$183,233	$0	$54,560
Robert W Beard (Mgr Western Region)	$181,375	$0	$54,559
Lawrence G Andrews (Asst. Treasurer)	$169,824	$0	$50,279
John D Hewa (Vice President)	$169,506	$0	$37,954
Deanna C Kurz (Asst. Secretary)	$140,833	$0	$29,450
Craig B Lewis (Vice President)	$136,929	$0	$19,550
Darlene H Carpenter (Vice Chairman)	$43,350	$0	$0
Linda R Gray (Secretary)	$42,150	$0	$0
J Mark Wood (Director)	$41,700	$0	$0
Christopher G Shipe (Chairman)	$36,950	$0	$0
William C Frazier (Director)	$35,800	$0	$0
Michael W Lindsay (Treasurer)	$34,150	$0	$0
John C Levasseur (Director)	$28,700	$0	$0
Richard C Oliver (Director)	$19,700	$0	$0
Sanford Reaves Jr (Director)	$13,600	$0	$0
Jesse R Thomas Jr (Director)	$13,600	$0	$0

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990

Filed on Nov. 13, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$430,603,338

Expenses

$428,724,319

Net Income

$1,879,019

Net Assets

$379,610,008

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$632,412	0.1%
Program Services	$428,106,971	99.4%
Investment Income	$904,154	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$963,947	0.2%
Net Fundraising	$0
Sales of Assets	-$26,144
Net Inventory Sales	$5,677	0.0%
Other Revenue	$16,321	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,608,905	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$26,070,415	6.1%

Assets/Debt
Total Assets	$891,756,582
Total Liabilities	$512,146,574
Net Assets	$379,610,008

Club or Co-Op Income
Income From Members	$418,644,328
Income From Other Sources	$11,148,765

Compensation

Key Employees and Officers	Compensation	Related	Other
Kent D Farmer (President & Ceo)	$735,890	$0	$151,377
Craig B Lewis (Vice President)	$288,316	$0	$59,051
David F Koogler (Vice President)	$278,008	$0	$71,190
Ronald W Harris (Vice President)	$235,248	$0	$61,021
Lloyd R Bywaters (Mgr Eastern Region)	$199,673	$0	$39,710
Sterling F Schoonover Jr (Mgr Member Service)	$190,499	$0	$45,833
John S Crawford (Mgr Technology Ser)	$189,713	$0	$38,666
Joseph K Gilkerson (Mgr Human Resource)	$180,247	$0	$39,299
Robert W Beard (Mgr Western Region)	$174,380	$0	$51,897
Lawrence G Andrews (Treasurer)	$142,491	$0	$46,144
Deanna C Kurz (Secretary)	$130,645	$0	$27,024
Darlene H Carpenter (Chairman)	$48,950	$0	$0
Linda R Gray (Secretary)	$41,800	$0	$0
John C Levasseur (Director)	$41,050	$0	$0
Michael W Lindsay (Director)	$37,250	$0	$0
William C Frazier (Director)	$34,750	$0	$0
Christopher G Shipe (Chairman)	$34,200	$0	$0
Richard C Oliver (Director)	$32,900	$0	$0
William M Alphin (Director)	$31,900	$0	$0
William E Lane (Director)	$30,100	$0	$0
Thomas T Grady (Treasurer)	$29,550	$0	$0
Frank B Boxley Jr (Director)	$20,050	$0	$0
James M Wood Sr (Director)	$13,500	$0	$0

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990

Filed on Nov. 9, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$469,796,707

Expenses

$469,410,441

Net Income

$386,266

Net Assets

$367,768,597

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$480,852	0.1%
Program Services	$467,853,545	99.6%
Investment Income	$645,606	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$946,988	0.2%
Net Fundraising	$0
Sales of Assets	-$149,992
Net Inventory Sales	$3,428	0.0%
Other Revenue	$16,280	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,500,165	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$24,455,738	5.2%

Assets/Debt
Total Assets	$892,036,029
Total Liabilities	$524,267,432
Net Assets	$367,768,597

Club or Co-Op Income
Income From Members	$462,256,776
Income From Other Sources	$7,728,048

Compensation

Key Employees and Officers	Compensation	Related	Other
Kent D Farmer (President And Ceo)	$653,428	$0	$141,114
Craig B Lewis (Vice President Of Corp Serv)	$299,548	$0	$53,924
David F Koogler (Vice President Of Customer Service)	$286,412	$0	$65,499
Lloyd R Bywaters (District Mgr Bowling Green)	$193,378	$0	$37,109
Ronald W Harris (Vice President Of Eng & Ops)	$192,079	$0	$49,077
Sterling F Schoonover Jr (Manager Member Services)	$179,382	$0	$43,753
Joseph K Gilkerson (Manager Human Resources)	$172,624	$0	$35,876
Matthew A Faulconer (Mgr Of External Affairs)	$171,012	$0	$48,708
John S Crawford (District Mgr Blue Ridge)	$169,863	$0	$48,539
Stephen C Headley (Assistant Treasurer)	$152,490	$0	$46,523
Deanna C Kurz (Assistant Secretary)	$127,132	$0	$25,239
Darlene H Carpenter (Chairman)	$48,000	$0	$0
Linda R Gray (Secretary)	$42,100	$0	$0
John C Levasseur (Director)	$40,500	$0	$0
Michael W Lindsay (Director)	$40,200	$0	$0
William E Lane (Director)	$38,500	$0	$0
Thomas T Grady (Treasurer)	$36,000	$0	$0
Frank B Boxley Jr (Director)	$35,100	$0	$0
Christopher G Shipe (Vice Chairman)	$33,800	$0	$0
William C Frazier (Director)	$33,200	$0	$0
Richard C Oliver (Director)	$30,700	$0	$0
William M Alphin (Director)	$29,600	$0	$0

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990

Filed on Aug. 11, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$445,208,465

Expenses

$444,011,632

Net Income

$1,196,833

Net Assets

$355,344,092

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,209,192	0.7%
Program Services	$440,382,490	98.9%
Investment Income	$282,730	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$935,122	0.2%
Net Fundraising	$0
Sales of Assets	$165,939	0.0%
Net Inventory Sales	$4,713	0.0%
Other Revenue	$228,279	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,491,875	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$25,298,930	5.7%

Assets/Debt
Total Assets	$840,369,888
Total Liabilities	$485,025,796
Net Assets	$355,344,092

Club or Co-Op Income
Income From Members	$435,243,299
Income From Other Sources	$9,107,660

Compensation

Key Employees and Officers	Compensation	Related	Other
Kent D Farmer (President And Ceo)	$634,843	$0	$123,745
Craig B Lewis (Vice President Of Corp Serv)	$269,595	$0	$63,854
David F Koogler (Vice President Of Customer Service)	$265,465	$0	$63,854
Timothy C Martin (Vice President Of Eng & Ops)	$257,909	$0	$63,854
Lloyd R Bywaters (District Mgr Bowling Green)	$188,964	$0	$35,878
Sterling F Schoonover Jr (Manager Member Services)	$180,612	$0	$42,966
Robert W Beard (District Mgr Culpeper)	$177,123	$0	$48,488
John S Crawford (District Mgr Blue Ridge)	$174,995	$0	$46,735
Matthew A Faulconer (Mgr Of External Affairs)	$170,945	$0	$47,108
Stephen C Headley (Assistant Treasurer)	$156,160	$0	$46,059
Deanna C Kurz (Assistant Secretary)	$125,418	$0	$24,491
Darlene H Carpenter (Chairman)	$46,075	$39,550	$0
John C Levasseur (Director)	$41,275	$0	$0
Linda R Gray (Vice Chairman)	$41,175	$0	$0
William E Lane (Director)	$37,575	$0	$0
Frank B Boxley Jr (Director)	$37,475	$0	$0
Michael W Lindsay (Director)	$36,375	$0	$0
Thomas T Grady (Treasurer)	$32,975	$0	$0
Christopher G Shipe (Secretary)	$31,775	$0	$0
William C Frazier (Director)	$30,975	$0	$0
Richard C Oliver (Director)	$30,675	$0	$0
William M Alphin (Director)	$30,275	$0	$0

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990

Filed on Aug. 12, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$415,687,708

Expenses

$415,880,176

Net Income

-$192,468

Net Assets

$343,278,683

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,428,970	0.6%
Program Services	$406,484,156	97.8%
Investment Income	$3,153,684	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,129,161	0.3%
Net Fundraising	$0
Sales of Assets	$2,419,830	0.6%
Net Inventory Sales	$5,549	0.0%
Other Revenue	$66,358	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,293,832	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$25,561,297	6.1%

Assets/Debt
Total Assets	$829,378,390
Total Liabilities	$486,099,707
Net Assets	$343,278,683

Club or Co-Op Income
Income From Members	$401,128,854
Income From Other Sources	$14,114,166

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kent D Farmer (President And Ceo)	$550,178	$0	$133,076
David F Koogler (Vice President Of Customer)	$263,347	$0	$66,106
Craig B Lewis (Vice President Of Corp Ser)	$256,176	$0	$63,288
Timothy C Martin (Vice President Of Eng & Op)	$237,696	$0	$66,106
Rhonda F Curtis (Mgr Communications & Public Rel)	$180,171	$0	$41,355
Lloyd R Bywaters (District Manager Bowling G)	$178,137	$0	$37,408
Sterling F Schoonover Jr (Manager Member Services)	$168,681	$0	$44,476
Robert W Beard (Distrist Manager Culpeper)	$162,743	$0	$51,335
Ronald W Harris (Mgr Eng & Power Supply)	$161,041	$0	$50,394
Stephen C Headley (Assistant Treasurer)	$148,587	$0	$47,924
Deanna C Kurz (Assistant Secretary)	$116,368	$0	$25,755
Darlene H Carpenter (Chairman)	$38,100	$37,500	$0
Linda R Gray (Vice Chairman)	$33,400	$0	$0
Frank B Boxley Jr (Director)	$33,400	$0	$0
William E Lane (Director)	$33,200	$0	$0
Richard C Oliver (Director)	$29,800	$3,000	$0
Michael W Lindsay (Director)	$29,300	$0	$0
William M Alphin (Director)	$29,100	$0	$0
Christopher G Shipe (Secretary)	$27,200	$0	$0
Thomas T Grady (Treasurer)	$26,700	$0	$0
William C Frazier (Director)	$25,300	$0	$0
A Nash Johnston (Director)	$13,725	$0	$0

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990

Filed on July 31, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$414,359,349

Expenses

$412,893,136

Net Income

$1,466,213

Net Assets

$330,801,046

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,842,249	0.7%
Program Services	$410,156,052	99.0%
Investment Income	$587,991	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$684,486	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$88,571	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,138,256	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$23,286,383	5.6%

Assets/Debt
Total Assets	$785,845,336
Total Liabilities	$455,044,290
Net Assets	$330,801,046

Club or Co-Op Income
Income From Members	$405,988,457
Income From Other Sources	$7,686,406

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$423,459,289

Expenses

$433,858,767

Net Income

-$10,399,478

Net Assets

$317,077,610

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,123,271	1.0%
Program Services	$417,836,156	98.7%
Investment Income	$349,132	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,014,066	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$136,664	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,772,578	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$22,667,182	5.2%

Assets/Debt
Total Assets	$754,420,378
Total Liabilities	$437,342,768
Net Assets	$317,077,610

Club or Co-Op Income
Income From Members	$410,782,732
Income From Other Sources	$11,662,491

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated October 30, 2024

Rappahannock Electric Cooperative

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $535M (2023)

Expenses $519M (2023)

Total Assets $1.2B (2023)

Total Liabilities $757M (2023)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Revenue

$535M (2023)

Expenses

$519M (2023)

Total Assets

$1.2B (2023)

Total Liabilities

$757M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004