2024-03-26T08:50:07-04:00 2023-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2023-01-01 560421795 SURRY-YADKIN ELECTRIC MEMBERSHIP CORPORATION SURR 3363568241 PO BOX 305 DOBSON NC 270170305 WILLIAM GREGORY PUCKETT EXECUTIVE VP & GM 3363568241 2024-02-29 true GREGORY PUCKETT 999009999 false JASON A PEACOCK P00978537 4787466277 2024-03-26 2023 2023-04-26 12:10:37Z WILLIAM GREGORY PUCKETT PO BOX 305 DOBSON NC 27017 58434052 false X WWW.SYEMC.COM X 1940 NC PROVIDE OUTSTANDING SERVICE THAT POWERS OUR RURAL COMMUNITIES 10 10 81 0 0 59911943 57854290 273638 571944 203259 7818 60388840 58434052 0 4597045 1777118 601151 634194 0 0 55190644 56022740 60388840 58434052 0 165218021 170779132 102012289 103036244 63205732 67742888 TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. false false TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. 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 true 53 0 true 81 true false false false false false 56455812 669653 false false false X 10 10 false false false false true true true true true false false true true true true true true true true false X X SURRY-YADKIN EMC 3363568241 510 SOUTH MAIN STREET DOBSON NC 27017 X WILLIAM GREGORY PUCKETT EXECUTIVE VP 50.00 X 325660 0 126164 MISTY UTT VP OF FINANC 45.00 X 169666 0 76632 RICKY BOWMAN VP OF OPERAT 45.00 X 164704 0 74900 RICHARD BRYON KENNEDY VP OF MBR SR 45.00 X 153345 0 57441 MICAH MILLS MANAGER OF O 45.00 X 139730 0 64754 JODY NORMAN JOURNEY LINE 45.00 X 139355 0 42896 KAROLINE OVERBY PRESIDENT 6.00 X X 23550 0 0 STEPHEN HUTSON DIRECTOR 5.00 X 19590 0 0 DAVID PENDRY DIRECTOR 4.00 X 18930 0 0 STEPHEN JOYCE DIRECTOR 4.00 X 18600 0 0 LEE VON SPEAKS DIRECTOR 4.00 X X 18600 0 0 EDDIE CAMPBELL VICE PRESIDE 3.00 X 17280 0 0 DAVID MILLER TREASURER 3.00 X X 17280 0 0 BRENDA HARDY SECRETARY 3.00 X 16620 0 0 ALVIN REID JR DIRECTOR 3.00 X 15960 0 0 WILLARD SWIFT DIRECTOR 4.00 X X 15960 0 0 1274830 442787 30 false true false COOPERATIVE BUILDING SOLUTIONS PO BOX 790379 ST LOUIS MO 63179 PLANNING, DESIG 4136113 TOP GUN APPLICATION SERVICES LLC 160 EUBANKS FARM RD INMAN SC 29439 ROW SPRAYING 487781 THE FERGUSON GROUP LLC PO BOX 646072 PITTSBURGH PA 15264 CONSULTING 103855 3 ELECTRIC SERVICE REVENUE 221000 56455806 56455806 G & T CAPITAL CREDITS 221000 898276 898276 OTHER CAPITAL CREDITS 221000 302865 302865 POLE RENTAL 221000 197343 197343 57854290 571944 78551 493393 GAIN ON DISPOSITION OF PROPER 221000 53835 53835 OTHER INCOME - MISCELLANEOUS 221000 33759 33759 REVENUE NON-UTILITY - GENERAT 221000 2500 2500 -82276 -82276 7818 58434052 57743316 690736 1777118 634194 2394619 4949825 PURCHASE POWER 30095497 DISTRIBUTION MAINTENANCE 6167993 DISTRIBUTION OPERATIONS 4758635 ADMIN & GENERAL 4286616 3369555 58434052 0 0 0 9075514 4048640 108364 2301232 9707740 9303941 749833 627833 930290 1331396 880250 479575 182851024 45293141 129072228 137557883 14693802 15128632 165218021 170779132 5097680 5212548 80464763 86111792 16449846 11711904 102012289 103036244 X 63205732 67742888 63205732 67742888 165218021 170779132 X 0 4537156 X false true X true false 1834412 1834412 181016612 45293141 135723471 137557883 PAT CAP - NCEMC 11860472 C PAT CAP - TEMA 1366374 C PAT CAP - NRUCFC 1237956 C PAT CAP - FEDERATED 338611 C PAT CAP - NISC 244616 C OTHER INVESTMENTS 80603 C 15128632 REGULATORY LIABILITY - ASC 980 5600000 ACCUM PROV FOR POSTRETIREMENT BEN 5075450 CONSUMER DEPOSITS 962088 DEFERRED CREDITS 74366 11711904 58434052 58434052 58434052 53156934 53156934 5277118 5277118 58434052 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 1,777,118 DEFERRED REVENUE - ASC 980 3,500,000 X false false false WILLIAM GREGORY PUCKETT EXECUTIVE VP & GM 300534 12270 12856 93684 32480 451824 MISTY UTT VP OF FINANCE & ACCT 157543 6680 5443 49073 27559 246298 RICKY BOWMAN VP OF OPERATIONS 153183 6480 5041 47459 27441 239604 RICHARD BRYON KENNEDY VP OF MBR SRVC & PUB 144688 6120 2537 44233 13208 210786 MICAH MILLS MANAGER OF OPER. 124921 5267 9542 38001 26753 204484 JODY NORMAN JOURNEY LINE TECH. 136311 2387 657 20694 22202 182251 SCHEDULE J, PART III PART II. LINE 1-WILLIAM GREGORY PUCKETT SECTION B)(III) INCLUDES ACCRUED LEAVE TIME WHICH IS IN ACCORDANCE WITH THE CORPORATION'S POLICY. FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7A THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 11B FORM 99O IS REVIEWED BY THE BOARD WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15A SALARIES ARE REVIEWED BY THE BOARD OF DIRECTORS AND FILES ARE MAINTAINED FOR THE REVIEW PROCESS BY WHICH MERIT RAISES ARE GRANTED. FORM 990, PAGE 6, PART VI, LINE 15B SALARIES ARE REVIEWED BY THE BOARD OF DIRECTORS AND FILES ARE MAINTAINED FOR THE REVIEW PROCESS BY WHICH MERIT RAISES ARE GRANTED. FORM 990, PAGE 6, PART VI, LINE 19 A COPY OF THE BYLAWS ARE PROVIDED TO NEW MEMBERS. A FINANCIAL STATEMENT IS PROVIDED TO THE MEMBERS AS A PART OF THE ORGANIZATION'S ANNUAL REPORT. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATIONS'S HEADQUARTERS. FORM 990, PART VII SYEMC BYLAWS: SECTION 5.11 - DIRECTOR COMPENSATION. THE BOARD SHALL DETERMINE THE MANNER AND METHOD OF ANY REASONABLE DIRECTOR REIMBURSEMENT AND COMPENSATION. SUCH COMPENSATION MAY INCLUDE PAYING DIRECTORS A MONTHLY STIPEND AND/OR A FIXED PER DIEM FEE, PLUS DOCUMENTED BUSINESS EXPENSES, AS DETERMINED IN THE BOARD'S REASONABLE DISCRETION, FOR ATTENDING OR ATTENDING TO: 1.THE ONGOING NEEDS OF THE COOPERATIVE, DUTIES OF THE POSITION, AND COMMUNICATIONS WITH MEMBERS; 2.BOARD MEETING; 3.FUNCTION INVOLVING THE COOPERATIVE; OR 4.MEETING OF STATE, NATIONAL OR OTHER COOPERATIVE OR INDUSTRY ORGANIZATION, OR 5.FUNCTION REASONABLY ENHANCING THE DIRECTOR'S ABILITY TO SERVE AS A DIRECTOR. FORM 990, PART XI, LINE 9 ACCUM OTHER COMPREHENSIVE INCOME 1,273,370 BENEFITS PAID TO MEMBERS 1,777,124 DEFERRED REVENUE - ASC 980 3,500,000 DONATED CAPITAL 5,351 RETIRED CAPITAL CREDIT GAINS 804,234 CAPITAL CREDIT RETIREMENT -2,822,923 TOTAL 4,537,156