2024-11-14T14:33:04-05:00 2023-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2023-01-01 570113065 AIKEN ELECTRIC COOPERATIVE INC AIKE 8036496245 PO BOX 417 AIKEN SC 29802 GARY L STOOKSBURY CEO 8038618300 2024-11-14 true true H TERRELL MCMICHAEL JR P01259982 4787466277 2024-11-14 2023 2024-10-15 13:58:12Z GARY L STOOKSBURY PO BOX 417 AIKEN SC 29802 133351302 false X WWW.AIKENCO-OP.ORG X 1938 SC AIKEN ELECTRIC COOPERATIVE, INC. WILL STRIVE TO PROVIDE RELIABLE, COMPETITIVELY PRICED ENERGY AND OTHER SERVICES THAT ARE DESIRED BY THE MEMBERSHIP. 10 10 163 0 0 128660485 133369213 3197629 2407461 -2650979 -2425372 129207135 133351302 0 7457273 7616080 922584 897455 0 0 123478257 127263137 131858114 135776672 -2650979 -2425370 416693144 496691360 290039577 371692400 126653567 124998960 AIKEN ELECTRIC COOPERATIVE, INC. WILL STRIVE TO PROVIDE RELIABLE, COMPETITIVELY PRICED ENERGY AND OTHER SERVICES THAT ARE DESIRED BY THE MEMBERSHIP. false false N/A false false false false false false false false false true false true false true false false false false false false false false false false false false false false true false false false false false false false false false false false true true true false true 55 0 true 163 true false false false false false 126586947 2966723 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 SC X APRIL COLLINS 8036496245 2790 WAGENER ROAD AIKEN SC 29802 X J STROM THURMOND JR PRESIDENT 4.96 1.00 X X 22095 2000 0 ROBERT CURRY VICE PRESIDE 9.25 1.00 X X 33137 2000 0 LINDA BRAMLETT SECRETARY/TR 8.40 1.00 X X 13884 2000 0 CHARLES SANDERS JR ASSISTANT SE 7.25 1.00 X X 25477 2000 0 OTIS DEWITT LIVINGSTON TRUSTEE 3.13 1.00 X 13148 1500 0 O FRANK DORN TRUSTEE 10.71 1.00 X 42076 2000 0 VINCENT FURTICK JR TRUSTEE 5.23 1.00 X 50160 2000 0 DANA MOSELEY TRUSTEE 10.66 1.00 X 28578 2000 0 JAMES E STEWART JR TRUSTEE 6.77 1.00 X 29187 2000 0 SCOTT RIDDLE TRUSTEE 6.60 1.00 X 50127 3600 0 ADAM L LIVINGSTON TRUSTEE 1.75 1.00 X 2836 500 0 THEO R WILLIAMS FORMER TRUST X 11603 0 0 WAYNE FURTICK FORMER TRUST X 12186 0 0 GARY L STOOKSBURY CEO 50.00 X 433495 0 259958 DAN GARMAN VP ENGINEERI 50.00 X 242781 0 181839 WILLIAM INMAN VP STRATEGIC 50.00 X 202520 0 88887 CASEY GRICE CREW CHIEF 50.00 X 171121 0 33795 APRIL COLLINS VP FINANCE A 50.00 X 167730 0 87501 MARTY SILVERS VP OPERATION 50.00 X 171412 0 84462 1723553 21600 736442 46 true true false MCCALL THOMAS ENGINEERING PO BOX 670 ORANGEBURG SC 29116 CONT/CONSULTING 57576295 LEE ELECTRICAL CONSTRUCTION INC PO BOX 55 ABERDEEN NC 28315 CONTRACTOR 3403901 RIGHT WAY TREE EXPERTS LLC P O BOX 191 SUMMERTON SC 29148 ROW 2346331 GILLIAM & ASSOCIATES INC 1652 COLUMBIA HWY N AIKEN SC 29801 CONTRACTOR 954092 LEWIS TREE SERVICE INC PO BOX 731897 DALLAS TX 75373 ROW 901069 14 ELECTRIC REVENUE 221000 126586947 126586947 POLE RENTAL 221000 3718966 3718966 OTHER CAPITAL CREDITS 221000 3063300 3063300 133369213 2407461 2407461 EQUITY IN EARNINGS OF AECONNE -2425372 -2425372 -2425372 133351302 129650247 3701055 7616080 897455 13081534 10908739 PURCHASED POWER 73844755 DISTRIBUTION MAINTENANCE 9002153 DISTRIBUTION OPERATIONS 8476050 ADMIN. & GENERAL EXP. 6421737 5528169 135776672 0 0 0 3476921 4489683 13725068 13814233 43475395 32868926 758331 767711 493096373 119810457 289546593 373285916 51349733 59620008 14361103 11844883 416693144 496691360 29258889 22657392 255707120 343426670 5073568 5608338 290039577 371692400 X 388309 395464 126265258 124603496 126653567 124998960 416693144 496691360 X -2425370 770763 X false true X true false 1271031 1271031 491825342 119810457 372014885 373285916 HOMESTEAD FUNDS 48648216 F ASSOCIATED ORGANIZATIONS 13953617 C CFC MEMBER CAPITAL SECURITIES 1306694 F OTHER 985322 C INVESTMENT IN SUBSIDIARY -5273841 C 59620008 CONSUMER DEPOSITS 4718479 DEFERRED COMPENSATION 889859 5608338 SCHEDULE D, PAGE 4, PART XIII AIKEN ECI'S FISCAL YEAR END IS MAY 31ST. AIKEN ECI'S FINANCIAL STATEMENTS WERE AUDITED AT MAY 31ST, 2024 AND 2023. X X X X X false false false THEO R WILLIAMS FORMER TRUSTEE 11603 11603 WAYNE FURTICK FORMER TRUSTEE 12186 12186 GARY L STOOKSBURY CEO 404038 3000 26457 234910 25048 693453 DAN GARMAN VP ENGINEERING 218465 3000 21316 156791 25048 424620 WILLIAM INMAN VP STRATEGIC SERVICE 179400 3000 20120 63839 25048 291407 CASEY GRICE CREW CHIEF 167210 3500 411 33795 204916 APRIL COLLINS VP FINANCE AND TECH 163915 3000 815 62453 25048 255231 MARTY SILVERS VP OPERATIONS 150897 3000 17515 59414 25048 255874 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 990 IS REVIEWED BY THE BOARD AS PROVIDED FOR IN THE COOPRATIVE'S POLICY WHICH IS INCLUDED AS PART OF THIS RETURN. 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 COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED AS PROVIDED IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18. FORM 990, PART VII SOUTH CAROLINA STATE LAW (SECTION 33-49-615) REQUIRES SOUTH CAROLINA ELECTRIC COOPERATIVES TO MAKE SPECIFIC COMPENSATION DISCLOSURES AVAILABLE TO THE PUBLIC. THESE DISCLOSURES ARE IN EXCESS OF THE COMPENSATION DISCLOSURES REQUIRED BY FORM 990. THE CORPORATION WILL MAKE THE DISCLOSURES REQUIRED BY STATE LAW AVAILABLE TO THE PUBLIC ON OR BEFORE MAY 15, 2024. FORM 990, PART XI, LINE 9 DONATED CAPITAL 1,472,120 OTHER COMPREHENSIVE INCOME 5,222,725 BENEFITS PAID TO MEMBER CAPITAL ACCOUNTS 7,616,080 CHANGE IN MEMBERSHIPS 7,155 CAPITAL CREDIT GAINS -18,185 CAPITAL CREDITS - RETIRED -3,004,132 WPCA OVER/UNDER RECOVERY -10,525,000 TOTAL 770,763 AECONNECT INC PO BOX 417 AIKEN SC 29802 853746466 BROADBAND SC N/A true false false false true false false false false false false false false false false true false true false false AECONNECT INC D 5000000 COST AECONNECTINC O 370345 COST AECONNECT INC Q 3676988 COST SCHEDULE R AECONNECT, INC. IS A WHOLLY OWNED SUBSIDIARY OF AIKEN ECI. AECONNECT, INC. IS A PROVIDER OF RETAIL BROADBAND SERVICES. ALLOCATED COSTS BETWEEN AIKEN ECI AND AECONNECT, INC. HAVE BEEN REPORTED IN ACCORDANCE WITH THE BOARD APPROVED COSTS ALLOCATION POLICIES. AIKEN ECI REPORTS SHARED PAID EMPLOYEES AND HAS MADE ALL REQUIRED PAYROLL FILINGS FOR THE TAX YEAR COVERED BY THIS RETURN.