Nonprofit · EIN 23-7048405
OLD DOMINION ELECTRIC COOPERATIVE
Tax-exempt · GLEN ALLEN, VA 23060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,135,612,072 | $1,130,136,645 | $5,475,427 | $2,157,905,640 | $1,657,498,696 | $500,406,944 |
| December 31, 2023 | 990 | $1,091,559,152 | $1,086,139,052 | $5,420,100 | $2,225,303,668 | $1,736,668,262 | $488,635,406 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,111,872,326
- Investment income
- $23,509,364
- Net gain from sales of assets
- -$374
- Other revenue
- $230,382
Expenses
- Grants and similar amounts paid
- $237,672
- Benefits paid to members
- $11,771,538
- Compensation of officers, directors and key employees
- $3,950,280
- Other salaries and wages
- $12,727,335
- Salaries, compensation and benefits (total)
- $22,620,410
- Professional fundraising fees
- $0
- Legal fees
- $1,503,133
- Accounting fees
- $395,800
- Occupancy
- $460,805
- Travel
- $195,183
- Depreciation
- $84,519,447
Balance sheet and other
- Total assets, start of year
- $2,225,303,668
- Total assets, end of year
- $2,157,905,640
- Total liabilities, end of year
- $1,657,498,696
- Net assets, end of year
- $500,406,944
- Land, buildings and equipment
- $1,468,784,823
- Gross receipts
- $1,135,612,446
- Employees
- 151
- Volunteers
- 0
- Year formed
- 1948
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN C LEE JR | PRESIDENT & CEO Officer | 40 | $1,575,643 | $0 |
| BRYAN S ROGERS | SR. VP & CFO Officer | 40 | $536,450 | $475,357 |
| KIRK D JOHNSON | SR VP MEMBER ENGAGEMENT-ENDED 11/24 Officer | 40 | $501,350 | $238,220 |
| CHRISTOPHER F COSBY | CHIEF OPERATING OFFICER Officer | 40 | $488,647 | $246,940 |
| LYNN A MALONEY | VP INVESTOR RELATIONS Highest-paid employee | 40 | $242,328 | $240,249 |
| DANIEL B KLOSE | VP POWER SUPPLY Highest-paid employee | 40 | $280,345 | $192,069 |
| JOHN M ROBB | SVP CHIEF LEGAL OFFICER Officer | 40 | $350,411 | $106,540 |
| MICHAEL C WISE | SR. VP POWER SUPPLY Officer | 40 | $269,021 | $174,699 |
| KEVIN C MILLER | VP ENGINEERING Highest-paid employee | 40 | $240,801 | $197,649 |
| WILIAM J PEZALLA | VP REGULATORY AFFAIRS Highest-paid employee | 40 | $242,932 | $187,207 |
| RUCHIRA R LALWANEY | VP IT Highest-paid employee | 40 | $239,137 | $184,855 |
| PAUL H BROWN | BOARD MEMBER Trustee or director | 9 | $52,750 | $0 |
| MICHAEL K BROWN | BOARD MEMBER Trustee or director | 6 | $52,500 | $0 |
| JOHN J BURKE JR | BOARD MEMBER Trustee or director | 6 | $51,800 | $0 |
| KEITH L SWISHER | BOARD MEMBER Trustee or director | 6 | $51,800 | $0 |
21 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUZANNE S OBENSHAIN | BOARD MEMBER Trustee or director | 6 | $51,450 |
| CHAD N FOWLER | BOARD MEMBER Trustee or director | 6 | $51,100 |
| E GARRISON DRUMMOND | BOARD MEMBER Trustee or director | 6 | $50,750 |
| JESSE R THOMAS | BOARD MEMBER Trustee or director | 6 | $50,400 |
| HUNTER R GREENLAW JR | BOARD MEMBER - ENDED 9/15/24 Trustee or director | 6 | $40,250 |
| EARL C CURRIN JR | BOARD MEMBER - ENDED 8/19/24 Trustee or director | 7 | $33,600 |
| DAVID J JONES | BOARD MEMBER - ENDED 07/30/24 Trustee or director | 6 | $30,050 |
| FRANKLIN B MYERS | BOARD MEMBER - STARTED 07/30/24 Trustee or director | 6 | $25,900 |
| WILLIAM T WHITE | BOARD MEMBER - STARTED 10/08/24 Trustee or director | 6 | $13,650 |
| ANDREW VEHORN | SR VP MEMBER ENGAGEMENT-START 12/24 Officer | 40 | $6,764 |
| ROBERT A BOOK II | BOARD MEMBER Trustee or director | 6 | $0 |
| WILLIAM K BUCHANAN | BOARD MEMBER Trustee or director | 6 | $0 |
| JOHN D HEWA JR | BOARD MEMBER Trustee or director | 6 | $0 |
| BRADLEY H HICKS | BOARD MEMBER Trustee or director | 6 | $0 |
| JASON C LOEHR | BOARD MEMBER Trustee or director | 6 | $0 |
| CASEY J LOGAN | BOARD MEMBER - STARTED 03/12/24 Trustee or director | 6 | $0 |
| BELVIN WILLAMSON JR | BOARD MEMBER Trustee or director | 6 | $0 |
| SARAT K YELLEPEDDI | BOARD MEMBER Trustee or director | 6 | $0 |
| STEVE A HARMON | CHAIRMAN Trustee or director, Officer | 6 | $0 |
| MICHEAL E MALANDRO | VICE CHAIRMAN Trustee or director, Officer | 6 | $0 |
| GREGORY S ROGERS | SECRETARY/TREASURER Trustee or director, Officer | 6 | $0 |
990 for the year ended December 31, 2023: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARCUS M HARRIS | PRESIDENT & CEO - ENDED 9/8/23 Officer | 40 | $1,198,549 | $459,809 |
| BRYAN S ROGERS | SR. VP & CFO Officer | 40 | $390,385 | $422,970 |
| KIRK D JOHNSON | SR VP MEMBER ENGAGEMENT Officer | 40 | $363,399 | $214,966 |
| MICHEAL L HERN | GENERAL COUNSEL Officer | 40 | $356,824 | $202,748 |
| CHRISTOPHER F COSBY | SR. VP POWER SUPPLY Officer | 40 | $339,518 | $206,478 |
| LYNN A MALONEY | VP INVESTOR RELATIONS Highest-paid employee | 40 | $240,085 | $217,450 |
| KEVIN C MILLER | VP ENGINEERING Highest-paid employee | 40 | $230,384 | $182,057 |
| ALLYSON PITTMAN | VP & CONTROLLER Highest-paid employee | 40 | $236,711 | $175,676 |
| RUCHIRA R LALWANEY | VP IT Highest-paid employee | 40 | $230,053 | $174,853 |
| WILIAM J PEZALLA | VP REGULATORY AFFAIRS Highest-paid employee | 40 | $234,315 | $170,051 |
| JOHN M ROBB | SVP CHIEF LEGAL OFFICER Officer | 40 | $260,009 | $26,622 |
| JOHN C LEE JR | INTERIM PRESIDENT & CEO - STARTED 9/ Trustee or director, Officer | 40 | $244,500 | $0 |
| HUNTER R GREENLAW JR | BOARD MEMBER Trustee or director | 6 | $52,150 | $0 |
| MICHAEL K BROWN | BOARD MEMBER Trustee or director | 6 | $51,900 | $0 |
| JOHN J BURKE JR | BOARD MEMBER Trustee or director | 6 | $51,900 | $0 |
| DAVID J JONES | BOARD MEMBER Trustee or director | 6 | $51,900 | $0 |
| PAUL H BROWN | BOARD MEMBER Trustee or director | 9 | $51,650 | $0 |
| KEITH L SWISHER | BOARD MEMBER Trustee or director | 6 | $51,650 | $0 |
| JESSIE R THOMAS | BOARD MEMBER Trustee or director | 6 | $51,400 | $0 |
| SUZANNE S OBENSHAIN | BOARD MEMBER Trustee or director | 6 | $50,650 | $0 |
| EARL CURRIN | BOARD MEMBER Trustee or director | 7 | $50,400 | $0 |
| E GARRISON DRUMMOND | BOARD MEMBER Trustee or director | 6 | $50,400 | $0 |
| CHAD N FOWLER | BOARD MEMBER Trustee or director | 6 | $50,400 | $0 |
| ROBERT A BOOK II | BOARD MEMBER Trustee or director | 6 | $0 | $0 |
| WILLIAM K BUCHANAN | BOARD MEMBER Trustee or director | 6 | $0 | $0 |
| JOHN D HEWA JR | BOARD MEMBER Trustee or director | 6 | $0 | $0 |
| BRADLEY H HICKS | BOARD MEMBER Trustee or director | 6 | $0 | $0 |
| JASON C LOEHR | BOARD MEMBER Trustee or director | 6 | $0 | $0 |
| CARY J LOGAN JR | BOARD MEMBER ENDED 04/30/23 Trustee or director | 6 | $0 | $0 |
| BELVIN WILLIAMSON JR | BOARD MEMBER Trustee or director | 6 | $0 | $0 |
| SARAT K YELLEPEDDI | BOARD MEMBER STARTED 05/09/2023 Trustee or director | 6 | $0 | $0 |
| STEVE A HARMON | CHAIRMAN Trustee or director, Officer | 6 | $0 | $0 |
| MICHEAL E MALANDRO | VICE CHAIRMAN Trustee or director, Officer | 6 | $0 | $0 |
| GREGORY S ROGERS | SECRETARY/TREASURER Trustee or director, Officer | 6 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4201 DOMINION BLVD, GLEN ALLEN, VA 23060-6743
- In care of
- % HRIS PAYROLL
- Principal officer (990 for 2024)
- CHRISTOPHER F COSBY, 4201 DOMINION BOULEVARD SUITE 300, GLEN ALLEN, VA 23060
- Signed the 990
- BRYAN S ROGERS, SR. VP & CFO
- Phone
- (804) 747-0592
- Website
- WWW.ODEC.COM
- Return prepared by
- ERNST & YOUNG
Mission
PROVIDE WHOLESALE POWER TO MEMBER COOPERATIVES
Program accomplishments
- OLD DOMINION IS A NOT-FOR-PROFIT WHOLESALE POWER SUPPLY COOPERATIVE ENGAGED IN THE BUSINESS OF PROVIDING WHOLESALE ELECTRIC SERVICE TO ITS MEMBER COOPERATIVES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7048405
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1971
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,157,905,640
- Income (IRS master file)
- $1,135,612,446
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,135,612,072 | $1,130,136,645 | $2,157,905,640 | XML |
| 990 | December 2023 | $1,091,559,152 | $1,086,139,052 | $2,225,303,668 | XML |
| 990 | December 2022 | $1,012,166,528 | $1,007,139,251 | $2,198,477,737 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7048405).
Questions about OLD DOMINION ELECTRIC COOPERATIVE
- What is the EIN of OLD DOMINION ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of OLD DOMINION ELECTRIC COOPERATIVE is 23-7048405.
- Is OLD DOMINION ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1971.
- Are donations to OLD DOMINION ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OLD DOMINION ELECTRIC COOPERATIVE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OLD DOMINION ELECTRIC COOPERATIVE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OLD DOMINION ELECTRIC COOPERATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OLD DOMINION ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 names CHRISTOPHER F COSBY.
- Who are the officers and directors of OLD DOMINION ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 lists 36 people; 25 received compensation from the organization, the highest $1,575,643 (JOHN C LEE JR, PRESIDENT & CEO).
- How much revenue does OLD DOMINION ELECTRIC COOPERATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,135,612,072, expenses of $1,130,136,645 and total assets of $2,157,905,640 at year end.
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