2025-04-16T16:13:50-04:00 2024-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2024-01-01 560421795 SURRY-YADKIN ELECTRIC MEMBERSHIP CORPORATION SURR 3363568241 PO BOX 305 DOBSON NC 270170305 WILLIAM GREGORY PUCKETT EXECUTIVE VP & GM 3363568241 2025-04-16 true false JASON A PEACOCK P00978537 4787466277 2025-04-16 2024 2025-03-06 01:10:19Z WILLIAM GREGORY PUCKETT PO BOX 305 DOBSON NC 27017 63204681 false X WWW.SYEMC.COM X 1940 NC PROVIDE OUTSTANDING SERVICE THAT POWERS OUR RURAL COMMUNITIES 10 10 84 0 0 57854290 62458984 571944 405571 7818 340126 58434052 63204681 0 1777118 630687 634194 669799 0 0 56022740 61544960 58434052 62845446 359235 170779132 181413293 103036244 112925716 67742888 68487577 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 55 0 true 84 true false false false false false 61164126 580967 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 348390 0 133429 MISTY UTT VP OF FINANC 45.00 X 186432 0 83297 RICKY BOWMAN VP OF OPERAT 45.00 X 183941 0 81573 RICHARD BRYON KENNEDY VP OF MBR SR 45.00 X 176201 0 63884 MICAH MILLS MANAGER OF O 45.00 X 152771 0 70955 MATTHEW BURKE JOURNEY LINE 45.00 X 162259 0 46019 KAROLINE OVERBY PRESIDENT 7.00 X X 23880 0 0 STEPHEN HUTSON DIRECTOR 5.00 X 19920 0 0 EDDIE CAMPBELL VICE PRESIDE 5.00 X X 19590 0 0 DAVID PENDRY DIRECTOR 5.00 X 19590 0 0 BRENDA HARDY SECRETARY 4.00 X X 18600 0 0 STEPHEN JOYCE DIRECTOR 4.00 X 18600 0 0 ALVIN REID JR DIRECTOR 3.00 X 17280 0 0 DAVID MILLER TREASURER 3.00 X X 17280 0 0 WILLARD SWIFT DIRECTOR 3.00 X 16620 0 0 SANDY WELBORN DIRECTOR (FE 3.00 X 15290 0 0 LEE VON SPEAKS DIRECTOR (JA 1.00 X 1330 0 0 1397974 479157 31 false true false COOPERATIVE BUILDING SOLUTIONS PO BOX 790379 ST LOUIS MO 63179 CONSTRUCTION 7021021 PIKE ELECTRIC PO BOX 746308 ATLANTA GA 30374 CONSTRUCTION 4232677 JOHN LUCAS TREE EXPERT CO PO BOX 958 PORTLAND ME 04105 ROW TRIMMING 3236928 TOP GUN APPLICATION SERVICES LLC 160 EUBANKS FARM RD INMAN SC 29439 ROW SPRAYING 363700 OSMOSE UTLITIES SERVICES INC PO BOX 117284 ATLANTA GA 30368 POLE INSP. 284205 9 ELECTRIC SERVICE REVENUE 221000 61164126 61164126 G & T CAPITAL CREDITS 221000 865378 865378 OTHER CAPITAL CREDITS 221000 224523 224523 POLE RENTAL 221000 204957 204957 62458984 405571 122975 282596 EARNINGS OR LOSS- DIVERSIFIED 221000 359235 359235 GAIN ON DISPOSITION OF PROPER 221000 15932 15932 REVENUE NON-UTILITY - HOMESER 221000 2505 2505 -37546 -37546 340126 63204681 62717128 487553 630687 669799 2860079 5308461 PURCHASE POWER 32191595 DISTRIBUTION MAINTENANCE 8427245 DISTRIBUTION OPERATIONS 4911623 ADMIN & GENERAL 4422611 3423346 62845446 0 0 0 4048640 2329504 2301232 1900000 9303941 7419012 627833 541833 1331396 1143113 479575 1628856 198840397 48432558 137557883 150407839 15128632 16043136 170779132 181413293 5212548 5229256 86111792 97297950 11711904 10398510 103036244 112925716 X 67742888 68487577 67742888 68487577 170779132 181413293 X 359235 385454 X false true X true false 1874655 1874655 196965742 48432558 148533184 150407839 PAT CAP - NCEMC 12725850 C PAT CAP - TEMA 1412821 C PAT CAP - NRUCFC 1227068 C PAT CAP - FEDERATED 340515 C PAT CAP - NISC 247062 C OTHER INVESTMENTS 87881 C PATRONAGE CAPITAL - NRTC 1939 16043136 ACCUM PROV FOR POSTRETIREMENT BEN 6110652 REGULATORY LIABILITY - ASC 980 3350000 CONSUMER DEPOSITS 937348 DEFERRED CREDITS 510 10398510 65454681 65454681 -2250000 -2250000 63204681 62214759 62214759 630687 630687 62845446 SCHEDULE D, PAGE 4, PART XI, LINE 4B DEFERRED REVENUE - ASC 980 -2,250,000 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 630,687 X false false false WILLIAM GREGORY PUCKETT EXECUTIVE VP & GM 317404 12822 18164 100028 33401 481819 MISTY UTT VP OF FINANCE & ACCT 174824 7066 4542 54463 28834 269729 RICKY BOWMAN VP OF OPERATIONS 171506 6904 5531 52832 28741 265514 RICHARD BRYON KENNEDY VP OF MBR SRVC & PUB 160680 6520 9001 49898 13986 240085 MICAH MILLS MANAGER OF OPER. 140497 5600 6674 42951 28004 223726 MATTHEW BURKE JOURNEY LINE TECH. 159957 1975 327 22886 23133 208278 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 BENEFITS PAID TO MEMBERS 630,687 DEFERRED REVENUE - ASC 980 2,250,000 DONATED CAPITAL 6,539 RETIRED CAPITAL CREDIT GAINS 416,954 CAPITAL CREDIT RETIREMENT -1,798,541 ACCUM OTHER COMPREHENSIVE INCOME -1,120,185 TOTAL 385,454