2024-11-06T16:34:36-05:00 2023-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2023-01-01 540299805 MECKLENBURG ELECTRIC COOPERATIVE MECK 4343726100 PO BOX 2451 CHASE CITY VA 23924 CARY J LOGAN COO 4343726100 2024-11-06 true true G STEVEN GILLIAM CPA P00348264 8043231313 2024-11-06 2023 2024-10-15 13:58:12Z CARY J LOGAN PO BOX 2451 CHASE CITY VA 23924 114292794 false X WWW.MECKELEC.ORG X 1938 VA PROVIDE SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF MECKLENBURG ELECTRIC COOPERATIVE 9 9 119 1862112 3145341 0 95362807 109582945 125580 2453635 1997635 2253422 100631363 114290002 0 4032756 2141418 12348523 12536956 0 0 76545751 91546075 92927030 106224449 7704333 8065553 248790534 322325863 158506432 226207714 90284102 96118149 TO PROVIDE SERVICES AND CREATE OPPORTUNITIES TO ENHANCE THE QUALITY OF LIFE false false SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 74,084,113 OTHER SALARIES AND WAGES 8,571,311 DISTRIBUTION MAINTENANCE 8,396,315 false false false false false false false false false true false true false true true true true false false false false false false false false false false false true false false false false false false false false false false false true false false true 45 0 true 119 true true true false false false false 103873031 10028453 false false false X 9 9 true false false false true true true true true false false true true true true false true true true false X MECKLENBURG ELECTRIC COOPERATIVE 4343726100 PO BOX 2451 CHASE CITY VA 23924 JOHN C LEE JR PRESIDENT AN 25.00 40.00 X 591339 0 188348 CARY J LOGAN COO 55.00 X 243818 0 32471 CAROL B JONES VP FINANCE A 50.00 X 204921 0 18135 CAROLYN T GLASS ASSISTANT SE 40.00 3.00 X 86740 0 48285 JAMES P GUY II LEGAL COUNSE 55.00 X 239385 0 73237 BENJAMIN J SEAMANS VP ENGINEERI 50.00 X 215727 0 87384 DWAYNE LONG VP INFORMATI 50.00 X 213061 0 52066 DAVID H LIPSCOMB VP MEMBER AN 47.00 X 213497 0 25091 ROBERT H LANKFORD DIRECTOR OF 50.00 X 182596 0 17885 DAVID J JONES CHAIRMAN 16.04 2.07 X X 17250 4850 0 FRANKLIN B MYERS VICE-CHAIRMA 7.40 2.04 X X 25300 4950 0 DONALD L MOORE TREASURER-SE 3.62 1.96 X X 12350 5288 4038 DAVID C HALL DIRECTOR 4.19 2.57 X 16150 5900 0 BRANDON G HUDSON DIRECTOR 2.80 1.33 X 16500 4850 0 FLETCHER B JONES DIRECTOR 7.27 2.11 X 13163 5988 4388 PEGGY LEE DIRECTOR 4.33 2.60 X 12223 5638 4313 MICHAEL H MCDOWELL DIRECTOR 2.99 2.85 X 15275 4850 0 ANGELA WILSON DIRECTOR 4.35 2.07 X 13538 5238 4488 2332833 47552 560129 37 false true false NATIONAL ONDEMAND INC PO BOX 2407 BURLINGTON NC 27216 FIBER 16139697 AUBREY SILVEY ENTERPRISES INC PO BOX 890093 CHARLOTTE NC 28289 ELECTRICAL DIST 4866457 MAGELLAN ADVISORS LLC PO BOX 5618 CAROL STREAM IL 60197 ENGINEERING 4593930 BETTER CABLE SYSTEMS INC PO BOX 1117 ROXBORO NC 27573 SYSTEM IMPROV 4103994 ASPLUNDH TREE EXPERT CO INC 1700 SOLUTIONS CENTER CHICAGO IL 60677 RIGHT OF WAY MA 3150450 13 SALE OF ELECTRICITY 221000 103873031 103873031 CONTRIBUTIONS IN AID 221000 5578559 5578559 PATRONAGE CAPITAL OTHER 221000 131355 131355 109582945 2298811 2298811 458196 458196 458196 458196 157616 2792 154824 154824 154824 COMMUNICATION EQUIPMENT 517000 1862112 1862112 OTHER INCOME 221000 38713 38713 INCOME FROM EQUITY INVESTMENT 221000 -105599 -105599 1795226 114290002 109582945 1862112 2844945 X 2141418 1573033 8571311 1450507 166254 775851 17767 92035 217026 403992 5265843 8396315 COST OF POWER 74084113 DISTRIBUTION - MAINTENANC 5412967 DISTRIBUTION - OPERATIONS 2133182 ADMINISTRATION - GENERAL 1589012 -6066177 106224449 0 0 0 3624381 47325397 165518 350103 12527118 13619755 411783 85759 6541102 12924539 9160395 13084612 270238876 75396483 176698305 194842393 38542291 38973664 1119641 1119641 248790534 322325863 28072342 68378420 130170440 153954714 263650 3874580 158506432 226207714 X 90284102 96118149 90284102 96118149 248790534 322325863 X 8065553 -2231506 X false true X true false 1788621 1788621 5810654 3004890 2805764 262267869 72390519 189877350 371732 1074 370658 194842393 INVESTMENTS IN ASSOCIATED ORGANIZATI 29330714 C INVESTMENTS IN SUBSIDARY ORGANIZATIO 5902658 C INVESTMENTS IN ASSOCIATED ORGANIZATI 2061582 C INVESTMENTS IN CAPITAL TERM CERTIFIC 1380135 C OTHER INVESTMENTS - RURAL ECONOMIC 298575 C 38973664 DEFERRED GRANT - CIAC 3874580 3874580 X 109338550 109338550 4951452 4951452 114290002 104083031 104083031 2141418 2141418 106224449 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ASC 740. THE COOPERATIVE HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL RENVENUE SERVICE. SCHEDULE D, PAGE 4, PART XI, LINE 4B CONT IN AID OF CONSTRUCTION 5,578,559 NONCASH PAT. CAPITAL ALLOC. ADJ -627,107 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIV PAID TO MEMBERS' ACCTS 2,141,418 X X X X false false false JOHN C LEE JR PRESIDENT AND CEO 593403 -2064 173745 14603 779687 CARY J LOGAN COO 249625 -5807 18110 14361 276289 CAROL B JONES VP FINANCE AND ACCT 211582 -6661 3532 14603 223056 JAMES P GUY II LEGAL COUNSEL 245613 -6228 51695 21542 312622 BENJAMIN J SEAMANS VP ENGINEERING & OPS 222913 -7186 65842 21542 303111 DWAYNE LONG VP INFORMATION TECH 221692 -8631 30524 21542 265127 DAVID H LIPSCOMB VP MEMBER AND ENERGY 222079 -8582 3549 21542 238588 ROBERT H LANKFORD DIRECTOR OF OPS 189119 -6523 3282 14603 200481 FORM 990, PART VI SECTION A, LINE 2 - ALL MECKLENBURG ELECTRIC COOPERATIVE DIRECTORS ALSO SERVE ON THE BOARD OF THE TAXABLE ENTITY EMPOWER BROADBAND, INC. ALL MECKLENBURG ELECTRIC COOPERATIVE OFFICERS ARE ALSO OFFICERS OF EMPOWER BROADBAND. CONSEQUENTLY, EACH MECKLENBURG ELECTRIC DIRECTOR AND OFFICER IS IN A "BUSINESS RELATIONSHIP" WITH EVERY OTHER MECKLENBURG ELECTRIC COOPERATIVE DIRECTOR AND OFFICER. ONE MECKLENBURG ELECTRIC COOPERATIVE DIRECTOR, DAVID JONES, AND TWO MECKLENBURG ELECTRIC OFFICERS, CARY LOGAN, AND CAROL B JONES, SERVE ON THE BOARD OF AND AS THE OFFICERS OF THE TAXABLE ENTITY EMPOWER TELECOM, INC. CONSEQUENTLY, THESE THREE INDIVIDUALS ARE IN A "BUSINESS RELATIONSHIP" WITH EACH OTHER WITH RESPECT TO EMPOWER TELECOM. FORM 990, PAGE 6, PART VI, LINE 6 MECKLENBURG ELECTRIC COOPERATIVE IS AN ELECTRIC MEMBERSHIP COOPERATIVE THAT DELIVERS ELECTRICITY TO ITS MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A DIRECTORS ARE ELECTED BY THE MEMBERSHIP OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7B MEMBERS CONTRIBUTE EQUALLY TO AND DEMOCRATICALLY CONTROL THE CAPITAL OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS EMAILED DIRECTLY TO EACH DIRECTOR FOR THEIR REVIEW PRIOR TO THE FILING. IF THEY HAVE ANY QUESTIONS OR REVISIONS, THEY ARE DIRECTED TO CONTACT CARY LOGAN PRESIDENT AND CEO, OR CAROL B. JONES, VICE PRESIDENT OF FINANCE AND ACCOUNTING PRIOR TO NOVEMBER 1, 2024. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES ANNUALLY DISCLOSE CONFLICTS OF INTEREST. WHEN ISSUES ARISE THAT COULD CREATE A CONFLICT OF INTEREST, THE OFFICER, DIRECTOR, OR KEY EMPLOYEE WILL EXCLUDE THEMSELVES FROM THE POTENTIAL CONFLICT. FORM 990, PAGE 6, PART VI, LINE 15A PROCESS OF DETERMINING COMPENSATION FOR CEO - ANNUALLY, THE DIRECTORS REVIEW AND APPROVE THE CEO'S COMPENSATION. THE DIRECTORS USE COMPARABILITY DATA WHICH CONSISTS OF MULTIPLE STATE, NATIONAL, AND REGIONAL CEO'S COMPENSATION IN THE UTILTIY INDUSTRY TO DETERMINE THE MARKET VALUE OF THE POSITION. FORM 990, PAGE 6, PART VI, LINE 15B PROCESS OF DETERMINING COMPENSATION FOR OFFICERS AND KEY EMPLOYEES - IN 2012, A THIRD-PARTY CONSULTANT CONDUCTED AN INDEPENDENT SURVEY OF ALL POSITIONS TO VERIFY MARKET PAY. ALSO, EACH YEAR THE MANAGER OF HUMAN RESOURCES USES COMPARABILITY DATA WHICH CONSISTS OF A COMBINATION OF MULTIPLE STATE, NATIONAL, AND REGIONAL UTILITY AND NON-UTILITY SURVEYS TO DETERMINE THE INCREASE OR DECREASE IN MARKET. THE DATA IS SUMMARIZED AND A PROPOSAL IS SUBMITTED TO THE FINANCE COMMITTEE WHICH CONSISTS OF SIX DIRECTORS, INCLUDING THE BOARD CHAIR WHO SERVES EX-OFFICO. IF THE PROPOSAL IS APPROVED BY THE COMMITTEE, IT IS SUBMITTED TO THE ENTIRE BOARD FOR APPROVAL. FORM 990, PAGE 6, PART VI, LINE 19 DISCLOSURE OF GOVERNING DOCUMENTS- GOVERNING DOCUMENTS, POLICIES, FORM 990 AND FINANCIAL STATEMENTS ARE ALWAYS AVAILABLE UPON REQUEST. THE BYLAWS, RATES, TERMS AND CONDITIONS ARE AVAILABLE ON THE COOPERATIVE'S WEBSITE. ANNUAL FINANICAL INFORMATION IS PUBLISHED IN THE MEMBER'S MONTHLY MAGAZINE, WHICH IS MAILED TO EACH MEMBER'S RESIDENCE. ALSO, THE TREASURER'S REPORT IS GIVEN TO EACH MEMBER ATTENDING THE ANNUAL MEETING HELD IN JUNE. IN THE TREASURER'S REPORT, IT STATES THAT EACH MEMBER HAS THE RIGHT TO REVIEW THE COMPLETE FINANICAL REPORT UPON REQUEST. FORM 990, PART XI, LINE 9 PAT DIV. ALLOCATED TO MEMBERS' ACCOUNTS 2,141,418 OTHER COMPREHENSIVE INCOME 1,771,517 NET CHANGE IN DONATED CAPITAL 15 NONCASH PATRONAGE ALLOCATION 627,107 CIAC NOT REVENUE PER GAAP -5,578,559 RETIREMENT OF CAPITAL CREDITS -1,192,343 NET CHANGE IN UNCLAIMED CAPITAL CREDITS -661 TOTAL -2,231,506 EMPOWER BROADBAND INC PO BOX 325 CHASE CITY VA 23924 541917596 INTERNET VA MECKLENBUR MECKLENBURG ELECTRIC C CORP -196034 14841052 1.00000 false EMPOWER TELECOM INC PO BOX 2451 CHASE CITY VA 23924 844820612 TELECOMM VA MECKLENBUR MECKLENBURG ELECTRIC C CORP 90435 5289037 1.00000 false true false false true false false false false false true false false false true true true true false false EMPOWER BROADBAND INC A 1709688 FULLY DISTRIBUTED COST EMPOWER BROADBAND INC D 6210264 ACTUAL EMPOWER BROADBAND INC J 195624 FULLY DISTRIBUTED COST EMPOWER BROADBAND INC O 1378626 FULLY DISTRIBUTED COST EMPOWER TELECOM INC J 150000 FULLY DISTRIBUTED COST EMPOWER TELECOM INC P 386000 FULLY DISTRIBUTED COST