TIDELAND ELECTRIC MEMBERSHIP CORP: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- TIDELAND ELECTRIC MEMBERSHIP CORP (EIN 56-0993598)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-08-01
- IRS object ID
- 202432149349300708
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-08-01T09:09:28-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 541320089 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ADAMS JENKINS & CHEATHAM | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 WYLDEROSE DR | AddressLine1Txt |
| City | MIDLOTHIAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23113 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560993598 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIDELAND ELECTRIC MEMBERSHIP | BusinessNameLine1Txt |
| Business Name Line2 | CORPORATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TIDE | BusinessNameControlTxt |
| Phone | 2529433046 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 159 | AddressLine1Txt |
| City | PANTEGO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27860 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PAUL G SPRUILL | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 2529433046 | PhoneNum |
| Signature | 2024-07-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | G STEVEN GILLIAM CPA | PreparerPersonNm |
| PTIN | P00348264 | PTIN |
| Phone | 8043231313 | PhoneNum |
| Preparation | 2024-07-31 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-08-08 14:25:15Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PAUL G SPRUILL | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 159 | AddressLine1Txt |
| City | PANTEGO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27860 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $52,378,506 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.TIDELANDEMC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1941 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF TEMC | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 69 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $99,098 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $51,853,122 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $52,056,531 | CYProgramServiceRevenueAmt |
| PY Investment Income | $123,337 | PYInvestmentIncomeAmt |
| CY Investment Income | $162,426 | CYInvestmentIncomeAmt |
| PY Other Revenue | $62,748 | PYOtherRevenueAmt |
| CY Other Revenue | $159,549 | CYOtherRevenueAmt |
| PY Total Revenue | $52,138,305 | PYTotalRevenueAmt |
| CY Total Revenue | $52,378,506 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $11,451 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $16,107 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $4,260,578 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $2,808,285 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,122,817 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $7,340,881 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $41,117,183 | PYOtherExpensesAmt |
| CY Other Expenses | $41,784,252 | CYOtherExpensesAmt |
| PY Total Expenses | $52,512,029 | PYTotalExpensesAmt |
| CY Total Expenses | $51,949,525 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$373,724 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $428,981 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $160,063,716 | TotalAssetsBOYAmt |
| Total Assets EOY | $158,206,802 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $100,424,804 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $95,662,586 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $59,638,912 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $62,544,216 | NetAssetsOrFundBalancesEOYAmt |
| Mission | SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF TEMC | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS OF TEMC. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER 28,432,588 DEPRECIATION 5,176,206 OTHER SALARIES AND WAGES 4,947,644 | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 62 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 69 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $50,686,956 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,559,001 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TIDELAND EMC | PersonNm |
| Phone | 2529433046 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 159 | AddressLine1Txt |
| City | PANTEGO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27860 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| PAUL G SPRUILL | |||||||
| CEO | 40.00 | Yes (X) | $253,622 | $0 | $65,847 | ||
| JIM CHRISMAN | |||||||
| CFO | 40.00 | Yes (X) | $185,609 | $0 | $44,537 | ||
| STEVEN HARRIS | |||||||
| LINE SUPERIN | 40.00 | $133,290 | $0 | $59,546 | Yes (X) | ||
| MYRA BEASLEY | |||||||
| HR/RISK MGMT | 40.00 | $133,056 | $0 | $50,578 | Yes (X) | ||
| MICHAEL MARSLENDER | |||||||
| LINE SUPERIN | 40.00 | $117,722 | $0 | $56,848 | Yes (X) | ||
| KAREN HEFFLEY | |||||||
| CONTROLLER | 40.00 | $104,963 | $0 | $67,418 | Yes (X) | ||
| HEIDI SMITH | |||||||
| MGR. ENERGY | 40.00 | $107,530 | $0 | $60,738 | Yes (X) | ||
| CHARLES SLADE | |||||||
| DIRECTOR | 7.00 | $18,100 | $0 | $0 | Yes (X) | ||
| WAYNE SAWYER | |||||||
| DIRECTOR | 11.00 | $17,700 | $0 | $0 | Yes (X) | ||
| J DOUGLAS BRINSON | |||||||
| PRESIDENT | 17.00 | Yes (X) | $16,300 | $0 | $0 | Yes (X) | |
| DAVID IPOCK | |||||||
| TREASURER | 7.00 | Yes (X) | $14,900 | $0 | $0 | Yes (X) | |
| MARK CARAWAN | |||||||
| SECRETARY | 8.00 | Yes (X) | $14,300 | $0 | $0 | Yes (X) | |
| GARRY JORDAN | |||||||
| DIRECTOR | 7.00 | $13,900 | $0 | $0 | Yes (X) | ||
| CLIFTON PAUL | |||||||
| VICE PRESIDE | 5.00 | Yes (X) | $13,600 | $0 | $0 | Yes (X) | |
| RUDY AUSTIN | |||||||
| DIRECTOR | 6.00 | $13,400 | $0 | $0 | Yes (X) | ||
| PAUL SASNETT | |||||||
| DIRECTOR | 6.00 | $12,700 | $0 | $0 | Yes (X) | ||
| DAWSON PUGH | |||||||
| DIRECTOR | 5.00 | $12,000 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,182,692 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $405,512 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 12 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| JOHN LUCAS TREE EXPERT | |||||
| PO BOX 958 | PORTLAND | ME | 04105 | TREE REMOVAL | $1,503,837 |
| LEE ELECTRICAL CONST INC | |||||
| PO BOX 55 | ABERDEEN | NC | 28315 | POWER LINE CONS | $1,246,155 |
| RIVER CITY CONSTRUCTION INC | |||||
| 100 ASHFORD CENTER NORTH SUITE 500 | ATLANTA | GA | 30338 | POWER LINE CONS | $712,948 |
| SOUTHEASTERN DATA COOP INC | |||||
| 7756 COLLEGE RD STE 150 | BAXTER | MN | 56425 | SOFTWARE | $544,442 |
| GUNNISON TREE SERVICES LLC | |||||
| 100 FOX HAVEN DRIVE | GREENVILLE | NC | 27858 | TREE REMOVAL | $468,260 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 12 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SALE OF ELECTRICITY | 221000 | $50,686,956 | $50,686,956 |
| CONTRIBUTIONS IN AID | 221000 | $1,185,140 | $1,185,140 |
| CAPITAL CREDITS RECEIVED | 221000 | $184,435 | $184,435 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $52,056,531 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $162,426 | TotalRevenueColumnAmt |
| Exclusion | $162,426 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $27,000 | RealAmt |
| Personal | $132,549 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $27,000 | RealAmt |
| Personal | $132,549 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $159,549 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $27,000 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $132,549 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $52,378,506 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $52,083,531 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $294,975 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,107 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,808,285 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $696,515 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,947,644 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,091,870 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $173,902 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $430,950 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,670 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,449,946 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,322 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,163,763 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,176,206 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $28,432,588 |
| DISTRIBUTION MAINTENANCE | $3,286,125 |
| ADMIN AND GENERAL | $2,039,467 |
| DISTRIBUTION OPERATION | $1,791,861 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$2,686,696 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,949,525 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,866,814 | BOYAmt |
| EOY | $1,909,431 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,551,468 | BOYAmt |
| EOY | $1,680,805 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,229,155 | BOYAmt |
| EOY | $5,516,373 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,623,890 | BOYAmt |
| EOY | $2,261,283 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,886,791 | BOYAmt |
| EOY | $3,558,514 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $215,197 | BOYAmt |
| EOY | $493,664 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $167,586,116 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $38,871,973 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,753,226 | BOYAmt |
| EOY | $128,714,143 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $767,629 | BOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,431,496 | BOYAmt |
| EOY | $13,348,070 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $738,050 | BOYAmt |
| EOY | $724,519 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160,063,716 | BOYAmt |
| EOY | $158,206,802 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,216,822 | BOYAmt |
| EOY | $3,082,410 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,265,273 | BOYAmt |
| EOY | $79,509,450 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,942,709 | BOYAmt |
| EOY | $13,070,726 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,424,804 | BOYAmt |
| EOY | $95,662,586 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,638,912 | BOYAmt |
| EOY | $62,544,216 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,638,912 | BOYAmt |
| EOY | $62,544,216 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160,063,716 | BOYAmt |
| EOY | $158,206,802 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $428,981 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $2,476,323 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,457,308 | OtherCostOrOtherBasisAmt |
| Book Value | $1,457,308 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $166,128,808 | OtherCostOrOtherBasisAmt |
| Depreciation | $38,871,973 | DepreciationAmt |
| Book Value | $127,256,835 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $128,714,143 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PATRONAGE CAPITAL - NCEMC | $10,832,227 | C |
| PATRONAGE CAPITAL - TEMA | $1,064,388 | C |
| INVESTMENT IN CFC-CTCS | $771,984 | C |
| PATRONAGE CAPITAL - CFC | $679,471 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $13,348,070 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED CREDITS | $6,158,469 |
| POST RETIREMENT BENEFITS | $3,914,481 |
| OTHER ACCRUED LIABILITIES | $1,361,992 |
| CONSUMER DEPOSITS | $1,035,784 |
| ECONOMIC DEVELOPMENT GRANT | $600,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $13,070,726 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $52,068,695 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $52,068,695 | RevenueSubtotalAmt |
| Other Revenues Not Included | $309,811 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $309,811 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $52,378,506 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $49,106,112 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $49,106,112 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $2,843,413 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $2,843,413 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $51,949,525 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 3, PART X | THE COOPERATIVE FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE COOPERATIVE HAS DETERMINED THAT IS IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. |
| SCHEDULE D, PAGE 4, PART XI, LINE 4B | CIAC NOT REVENUE PER GAAP 1,185,140 NON-CASH PAT. ALLOC. -910,457 EXPENSES NETTED WITH OTHER INCOME 35,128 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | PAT. DIV. PAID TO MEMBERS 2,808,285 EXPENSES NETTED WITH OTHER INCOME 35,128 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIDELAND ELEC CARE TRUST | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 25831 HWY 264 EAST | AddressLine1Txt |
| City | PANTEGO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27860 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 562118287 | RecipientEIN |
| IRC Section | 501C3 | IRCSectionDesc |
| Cash Grant | $6,949 | CashGrantAmt |
| Non Cash Assistance | $9,158 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Purpose Of Grant | CHARITABLE AND EDUCA | PurposeOfGrantTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| PAUL G SPRUILL | ||||||
| CEO | $253,340 | $282 | $52,720 | $13,127 | $319,469 | |
| JIM CHRISMAN | ||||||
| CFO | $178,163 | $246 | $31,410 | $13,127 | $230,146 | $7,200 |
| STEVEN HARRIS | ||||||
| LINE SUPERINTENDENT | $132,996 | $294 | $46,419 | $13,127 | $192,836 | |
| MYRA BEASLEY | ||||||
| HR/RISK MGMT/SAFETY | $132,498 | $558 | $37,451 | $13,127 | $183,634 | |
| MICHAEL MARSLENDER | ||||||
| LINE SUPERINTENDENT | $117,236 | $486 | $43,721 | $13,127 | $174,570 | |
| KAREN HEFFLEY | ||||||
| CONTROLLER | $104,597 | $366 | $54,291 | $13,127 | $172,381 | |
| HEIDI SMITH | ||||||
| MGR. ENERGY SERVICES | $107,020 | $510 | $47,611 | $13,127 | $168,268 | |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 | PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS: PATRONAGE DIVIDENDS ARE PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE EXISTING OBLIGATION IN TIDELAND ELECTRIC MEMBERSHIP CORPORATION'S BY LAWS. THE CORPORATION IS OBLIGATED TO PAY BY CREDITS TO A CAPITAL ACCOUNT FOR EACH PATRON ALL SUCH AMOUNTS IN EXCESS OF OPERATING COSTS AND EXPENSES. IRS INSTRUCTIONS FOR LINE 4 CHANGED IN 2011 TO INCLUDE PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS. |
| FORM 990, PART VI | EXPLANATION OF CLASSES OF MEMBERS OR SHAREHOLDER: TIDELAND ELECTRIC MEMBERSHIP CORPORATION IS AN ELECTRIC MEMBERSHIP CORPORATION THAT DELIVERS ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. THE MEMBERS ELECT THE BOARD OF DIRECTORS, WHICH SERVES AS THE GOVERNING BODY OF THE COOPERATIVE. |
| FORM 990, PAGE 6, PART VI, LINE 7A | MEMBERS OF THE GOVERNING BOARD ARE ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEMBERSHIP MEETING. EACH MEMBER RECEIVES ONE VOTE. |
| FORM 990, PAGE 6, PART VI, LINE 7B | THE GOVERNING BODY'S DECISIONS ARE RATIFIED BY THE GENERAL MEMBERSHIP AT THE ANNUAL MEMBERSHIP MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE CEO AND MANAGER OF FINANCE REVIEW THE 990 WITH THE GOVERNING BOARD PRIOR TO FILING WITH THE IRS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS AHEAD OF EACH MONTHLY BOARD MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 15A | CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS AFTER A COMPARISON WITH SURVEYS, CONSULTANTS, AND OTHER SIMILAR ORGANIZATIONS. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE CEO AFTER CONSULTATION WITH HUMAN RESOURCES AND REVIEWS OF SURVEYS, CONSULTANTS, AND OTHER SIMILAR ORGANIZATIONS. |
| FORM 990, PAGE 6, PART VI, LINE 15B | CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS AFTER A COMPARISON WITH SURVEYS, CONSULTANTS, AND OTHER SIMILAR ORGANIZATIONS. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE CEO AFTER CONSULTATION WITH HUMAN RESOURCES AND REVIEWS OF SURVEYS, CONSULTANTS, AND OTHER SIMILAR ORGANIZATIONS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL DATA IS PRESENTED TO THE MEMBERS AT THE ANNUAL MEETING AND IS ALSO INCLUDED IN THE 990, WHICH IS ALSO AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | NON-CASH PATRONAGE ALLOC NOT REV PER IRS 910,457 OTHER COMPREHENSIVE GAIN 1,129,341 PATRONAGE DIV PAID TO MEMBER'S ACCTS 2,808,285 CIAC NOT REVENUE PER GAAP -1,185,140 RETIREMENT OF CAPITAL CREDITS -1,186,620 TOTAL 2,476,323 |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIDELAND ELECTRIC CARE TRUST INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 25831 HIGHWAY 264 EAST | AddressLine1Txt |
| City | PANTEGO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27860 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 562118287 | EIN |
| Primary Activities | CHARITABLE | PrimaryActivitiesTxt |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Exempt Code Section | 3 | ExemptCodeSectionTxt |
| Public Charity Status | 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIDELAND | BusinessNameLine1Txt |
| Business Name Line2 | TIDELAND EMC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (true) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (true) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| TIDELAND ELECTRIC CARE TRUST INC | ||
| B | $6,949 | FMV |
| TIDELAND ELECTRIC CARE TRUST INC | ||
| S | $23,955 | FMV |