Nonprofit · EIN 54-1135340
RAPPAHANNOCK ELECTRIC COOPERATIVE
Tax-exempt · FREDERICKSBRG, VA 22404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $605,653,015 | $534,004,328 | $71,648,687 | $1,374,359,006 | $916,039,300 | $458,319,706 |
| December 31, 2023 | 990 | $535,480,140 | $518,647,835 | $16,832,305 | $1,199,468,499 | $757,399,996 | $442,068,503 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $599,399,925
- Investment income
- $3,750,551
- Net rental income
- $1,675,053
- Net gain from sales of assets
- $263,345
- Net income from sales of inventory
- $1,029
- Other revenue
- $2,502,539
Expenses
- Grants and similar amounts paid
- $51,025
- Benefits paid to members
- $16,997,013
- Compensation of officers, directors and key employees
- $4,950,559
- Other salaries and wages
- $74,984,958
- Salaries, compensation and benefits (total)
- $96,769,553
- Professional fundraising fees
- $0
- Legal fees
- $283,708
- Accounting fees
- $89,768
- Travel
- $775,423
- Depreciation
- $50,891,621
Balance sheet and other
- Total assets, start of year
- $1,199,468,499
- Total assets, end of year
- $1,374,359,006
- Total liabilities, end of year
- $916,039,300
- Net assets, end of year
- $458,319,706
- Land, buildings and equipment
- $947,900,067
- Gross unrelated business income
- $943,756
- Gross receipts
- $605,951,365
- Employees
- 477
- Year formed
- 1980
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN D HEWA | PRESIDENT & Officer | 60 | $902,792 | $0 | $106,234 |
| PETER N MUHORO | CHIEF STRAT Officer | 60 | $483,977 | $101,923 | $104,446 |
| TRACEY B STEINER | CHIEF ENG & Officer | 52 | $416,039 | $76,442 | $106,234 |
| LEESETTA J BROCK | PRINCIPAL EN Highest-paid employee | 50 | $415,644 | $0 | $86,992 |
| LAWRENCE G ANDREWS | FMR CHIEF AD Officer | 40 | $324,766 | $0 | $79,953 |
| JASON E SATTERWHITE | CHIEF GRID O Officer | 50 | $311,050 | $0 | $88,691 |
| JOHN S CRAWFORD | MGR DIR OPS Highest-paid employee | 50 | $292,568 | $0 | $75,257 |
| BRET K ELLIOTT | MGR DIR IT & Highest-paid employee | 50 | $281,548 | $0 | $79,687 |
| PATRICIA J HATCHER | CHIEF HR Officer | 50 | $291,096 | $0 | $64,428 |
| CHRISTOPHER STOIA | VP ENG & POW Officer | 50 | $277,734 | $0 | $63,508 |
| DOUGLAS KING | DIR CYBER IN Highest-paid employee | 50 | $259,682 | $0 | $73,072 |
| SONDRA DUNN | MGR DIR MEMB Highest-paid employee | 40 | $257,463 | $0 | $72,956 |
| BRUCE M BOWE JR | FMR ASST TRE Officer | 40 | $198,357 | $0 | $59,010 |
| MICHAEL CURLEY | ASSISTANT TR Officer | 40 | $184,800 | $0 | $60,982 |
| WHITNEY S WATTS | ASSISTANT SE Officer | 50 | $164,746 | $0 | $57,330 |
11 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN M ARP | FMR CHIEF E Officer | 40 | $182,921 | $7,791 |
| STEVEN RODDY | CHIEF FINC Officer | 50 | $75,796 | $8,874 |
| MICHAEL W LINDSAY | DIRECTOR Trustee or director | 20 | $40,300 | $0 |
| CHRISTOPHER G SHIPE | CHAIRMAN Trustee or director, Officer | 30 | $38,000 | $0 |
| EUGENE L CAMPBELL JR | DIRECTOR Trustee or director | 14 | $37,400 | $0 |
| ERIC PAULSON | TREASURER Trustee or director, Officer | 16 | $37,400 | $0 |
| J MARK WOOD | SECRETARY Trustee or director, Officer | 18 | $37,100 | $0 |
| LINDA R GRAY | DIRECTOR Trustee or director | 17 | $37,000 | $0 |
| JESSE R THOMAS JR | DIRECTOR Trustee or director | 15 | $35,900 | $0 |
| DARLENE H CARPENTER | DIRECTOR Trustee or director | 16 | $35,600 | $0 |
| SANFORD REAVES JR | VICE CHAIRMA Trustee or director, Officer | 10.5 | $30,300 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN D HEWA | PRESIDENT & Officer | 60 | $889,738 | $0 | $102,993 |
| PETER N MUHORO | CHIEF STRAT Officer | 55 | $429,442 | $75,000 | $102,718 |
| TRACEY B STEINER | CHIEF ENG & Officer | 55 | $401,202 | $0 | $102,993 |
| LAWRENCE G ANDREWS | CHIEF ADMIN Officer | 60 | $353,561 | $0 | $101,740 |
| JOHN M ARP | CHIEF ENG & Officer | 40 | $336,067 | $0 | $102,993 |
| LEESETTA J BROCK | PRINCIPAL EN Highest-paid employee | 55 | $335,813 | $0 | $81,312 |
| JOHN S CRAWFORD | MGR DIR SAFE Highest-paid employee | 50 | $280,366 | $0 | $72,361 |
| PATRICIA J HATCHER | MGR DIR HR Highest-paid employee | 50 | $274,395 | $0 | $61,047 |
| JASON E SATTERWHITE | CHIEF GRID O Officer | 50 | $251,282 | $0 | $70,685 |
| BRUCE M BOWE JR | ASSISTANT TR Officer | 60 | $233,930 | $0 | $73,226 |
| BRET K ELLIOTT | MGR DIR IT & Highest-paid employee | 50 | $253,794 | $0 | $50,966 |
| SHAWN P MCDONOUGH | MGR DIR REG Highest-paid employee | 40 | $248,347 | $0 | $21,353 |
| WHITNEY S WATTS | ASSISTANT SE Officer | 50 | $155,677 | $0 | $54,596 |
| ERIC PAULSON | TREASURER Trustee or director, Officer | 17 | $38,800 | $0 | $0 |
| CHRISTOPHER G SHIPE | CHAIRMAN Trustee or director, Officer | 30 | $37,500 | $0 | $0 |
| EUGENE L CAMPBELL JR | DIRECTOR Trustee or director | 14 | $37,100 | $0 | $0 |
| LINDA R GRAY | SECRETARY Trustee or director, Officer | 17 | $37,000 | $0 | $0 |
| JESSE R THOMAS JR | DIRECTOR Trustee or director | 15 | $36,900 | $0 | $0 |
| J MARK WOOD | DIRECTOR Trustee or director | 15 | $36,600 | $0 | $0 |
| SANFORD REAVES JR | VICE CHAIRMA Trustee or director, Officer | 10.5 | $35,900 | $0 | $0 |
| DARLENE H CARPENTER | DIRECTOR Trustee or director | 18 | $35,800 | $0 | $0 |
| MICHAEL W LINDSAY | DIRECTOR Trustee or director | 20 | $35,100 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 7388, FREDERICKSBRG, VA 22404-7388
- Principal officer (990 for 2024)
- JOHN D HEWA, 247 INDUSTRIAL CT, FREDERICKSBURG, VA 22408
- Signed the 990
- JOHN D HEWA, PRESIDENT & CEO
- Website
- WWW.MYREC.COOP
- Return prepared by
- ADAMS JENKINS & CHEATHAM
Mission
SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF RAPPAHANNOCK ELECTRIC COOPERATIVE.
Program accomplishments
- SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF RAPPAHANNOCK ELECTRIC COOPERATIVE. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER 336,097,247 OTHER SALARIES AND WAGES 74,984,958 DEPRECIATION 50,891,621
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
- 54-1135340
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,374,359,006
- Income (IRS master file)
- $605,951,365
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $605,653,015 | $534,004,328 | $1,374,359,006 | XML |
| 990 | December 2023 | $535,480,140 | $518,647,835 | $1,199,468,499 | XML |
| 990 | December 2022 | $493,777,612 | $488,656,915 | $1,122,357,083 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 54-1135340).
Questions about RAPPAHANNOCK ELECTRIC COOPERATIVE
- What is the EIN of RAPPAHANNOCK ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of RAPPAHANNOCK ELECTRIC COOPERATIVE is 54-1135340.
- Is RAPPAHANNOCK ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
- Are donations to RAPPAHANNOCK ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does RAPPAHANNOCK 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 RAPPAHANNOCK 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 RAPPAHANNOCK 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 RAPPAHANNOCK ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 names JOHN D HEWA.
- Who are the officers and directors of RAPPAHANNOCK ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 lists 26 people; 26 received compensation from the organization, the highest $902,792 (JOHN D HEWA, PRESIDENT &).
- How much revenue does RAPPAHANNOCK ELECTRIC COOPERATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $605,653,015, expenses of $534,004,328 and total assets of $1,374,359,006 at year end.
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