2023-09-05T13:41:11-04:00 2022-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2022-01-01 560478157 CENTRAL ELECTRIC MEMBERSHIP CORPORATION CENT 9197744900 PO BOX 1107 SANFORD NC 27331 EDWARD B OLDHAM CEO & GEN. MGR. 9197744900 2023-08-23 true EDWARD OLDHAM 999009999 true G STEVEN GILLIAM CPA P00348264 8043231313 2023-08-24 2022 2023-04-26 12:10:37Z EDWARD B OLDHAM PO BOX 1107 SANFORD NC 27331 57301995 false X WWW.CENTRALELECTRICONLINE.COM X 1941 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF CENTRAL EMC 10 10 76 0 0 56400342 57358952 21136 70989 1849948 -130870 58271426 57299071 49290 48147 3433182 2148672 8540987 7312905 0 0 46514038 48809278 58537497 58319002 -266071 -1019931 124111878 127843313 63792065 65136377 60319813 62706936 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF CENTRAL EMC false false SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF CENTRAL ELECTRIC MEMBERSHIP CORPORATION. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 35,276,502 DEPRECIATION AND AMORTIZATION 4,939,956 OTHER SALARIES AND WAGES 4,579,824 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 true false true false false false false false false false false false false false true false false true 29 0 true 76 true false false false false false 56676253 589147 false false false X 10 10 false false false false true true true true true false false false true true true true true true true false X TABITHA WHITLOW 9197744900 128 WILSON ROAD SANFORD NC 27331 EDWARD B OLDHAM CEO & GEN. M 40.00 X 260254 0 71992 KENT GUNTER SUPERINTENDE 40.00 X 190235 0 47794 JODY B ALBRIGHT VP OF MEMBER 40.00 X 155240 0 57414 TABITHA L WHITLOW VP FIN & ACT 40.00 X 154176 0 55344 ANGELA D HARE VP OF CUSTOM 40.00 X 143388 0 60305 TERRY COLLINS MANAGER OF O 40.00 X 128368 0 50781 MARTIN JESSUP OVERHEAD FOR 40.00 X 125233 0 40999 ROBERT THOMPSON SYSTEMS ENGI 40.00 X 128248 0 37663 JONATHAN ROBERTS OVERHEAD FOR 40.00 X 112706 0 39449 GEORGE D LANGSTON FORMER OFFIC 0.00 X 141789 0 139 REBECCA G PASCHAL-COGAN PRESIDENT 6.00 X X 27268 0 0 J THOMAS DALRYMPLE VICE-PRESIDE 5.00 X X 22800 0 0 HENRY RANDOLPH DIRECTOR 4.00 X 19950 0 0 TIMOTHY W PRIEST DIRECTOR 6.00 X 19050 0 0 JAMES B BROOKS SECRETARY-TR 2.00 X X 18900 0 0 L FRANK COMER III DIRECTOR 5.00 X 18900 0 0 NANCY G HOLMES DIRECTOR 2.00 X 18600 0 0 C HENRY OUTZ JR DIRECTOR 3.00 X 18600 0 0 W PHILLIP THOMPSON JR ASST. SECRET 3.00 X X 18000 0 0 CHARLES E CAMERON JR DIRECTOR 4.00 X 12720 0 0 EDITH C COX DIRECTOR 3.00 X 2700 0 0 1737125 461880 10 true true false LEE ELECTRICAL CONSTRUCTION 12828 HWY 15 501 SOUTH ABERDEEN NC 28315 OH & UG CONST 3377210 XYLEM TREE EXPERTS 208 E PLUME STREET SUITE 250 NORFOLK VA 23510 ROW MAINTENANCE 873029 LEWIS TREE SERVICE PO BOX 731897 DALLAS TX 753731897 ROW MAINTENANCE 482626 COOPERATIVE SERVICES CENTER PO BOX 1060 HILLSBOROUGH NC 27278 HUMAN RESOURCES 269093 UNION POWER PO BOX 5014 MONROE NC 28111 UTILITY SERVICE 180484 5 SALE OF ELECTRICITY 221000 56855621 56855621 CONTRIB. IN AID OF CONST. 221000 313965 313965 CASH PATRONAGE RECEIVED 221000 189366 189366 57358952 73913 73913 7450 109169 7450 109169 116619 7450 109169 2924 -2924 -2924 -2924 OTHER 221000 4453 4453 LOSS FROM EQUITY INV. 221000 -251942 -251942 -247489 57299071 57118913 180158 X 48147 2148672 1155601 4580821 1089731 63242 423510 277259 697508 175589 1995019 4939956 COST OF POWER 35276502 DIST. MAINTENANCE 2826055 ADMIN & GENERAL 2056184 DIST. OPERATION 1809939 -1244733 58319002 0 0 0 1570158 3180743 30222 30234 6998069 6667075 583540 441195 1189164 1936303 1642464 1484796 145926460 50262008 92075529 95664452 6736129 4125717 13286603 14312798 124111878 127843313 5766995 6827381 48464329 51348551 896223 803846 8664518 6156599 63792065 65136377 X 60319813 62706936 60319813 62706936 124111878 127843313 X -1019931 3407054 X false true X true false 145926460 50262008 95664452 95664452 PATRONAGE CAPITAL 13847803 C CAPITAL TERM CERTIFICATES 448800 C OTHER 16195 C 14312798 OTHER POST-RETIREMENT 3512768 DEFERRED CREDITS 1324387 CONSUMER DEPOSITS 1319444 6156599 58329320 1344214 1344214 56985106 313965 313965 57299071 56170330 56170330 2148672 2148672 58319002 SCHEDULE D, PAGE 4, PART XI, LINE 2D ADJ. FOR CASH PAT. REC 1,254,971 ADJ FOR INCOME FROM EQUITY INV 89,243 SCHEDULE D, PAGE 4, PART XI, LINE 4B CIAC 313,965 SCHEDULE D, PAGE 4, PART XII, LINE 4B MARGINS ASSIGNED TO MEMBERS 2,148,672 false CENTRAL ELEC MEM CARE TRUST PO BOX 1107 SANFORD NC 27331 800958464 3 48147 COSTS LABOR ADMIN ASSISTANCE 1 X X true false false EDWARD B OLDHAM CEO & GEN. MGR. 260254 59292 12700 332246 KENT GUNTER SUPERINTENDENT 190235 34936 12858 238029 JODY B ALBRIGHT VP OF MEMBER SERVICE 155240 39721 17693 212654 TABITHA L WHITLOW VP FIN & ACTG 154176 42644 12700 209520 ANGELA D HARE VP OF CUSTOMER SERV 143388 42612 17693 203693 TERRY COLLINS MANAGER OF OPS 128368 33088 17693 179149 MARTIN JESSUP OVERHEAD FOREMAN 125233 27983 13016 166232 ROBERT THOMPSON SYSTEMS ENGINEER 128248 37047 616 165911 JONATHAN ROBERTS OVERHEAD FOREMAN 112706 22046 17403 152155 GEORGE D LANGSTON FORMER OFFICER 1500 140289 139 141928 SCHEDULE J, PAGE 1, PART I, LINE 4 GEORGE D. LANGSTON 50,000 0 0 FORM 990, PAGE 6, PART VI, LINE 6 CENTRAL 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 SERVE AS THE GOVERNING BODY OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS OF CENTRAL ELECTRIC MEMBERSHIP CORPORATION RECEIVE ONE VOTE WITH RESPECT TO SELECTING THE GOVERNING BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS AS PROVIDED FOR IN THE COOPERATIVE BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT REVIEWS A COPY OF THE 990 FOR ACCURACY BEFORE FURNISHING IT TO THE CEO AND THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICTS OF INTEREST ARE COVERED UNDER THE ORGANIZATION'S CODE OF CONDUCT, WHICH STATES "EMPLOYEES ARE ENCOURAGED TO TALK TO SUPERVISORS, MANAGERS OR OTHER APPROPRIATE PERSONNEL ABOUT OBSERVED ILLEGAL OR UNETHICAL BEHAVIOR, AS WELL AS ACTUAL OR SUSPECTED VIOLATIONS OF THE POLICY OF WHICH THEY ARE AWARE, OR CONCERNS ABOUT THE BEST COURSE OF ACTION IN A PARTICULAR SITUATION." A COPY OF THE POLICY IS POSTED ON-LINE AT EACH OFFICE LOCATION. EMPLOYEES ARE NOTIFIED ONCE A YEAR ABOUT THE POLICY AND ARE EXPECTED TO REVIEW IT. EMPLOYEES ARE EXPECTED TO COOPERATE IN INTERNAL INVESTIGATIONS OF MISCONDUCT. DIRECTORS ARE SIMILARLY ENCOURAGED TO DISCUSS SUCH ISSUES WITH FELLOW DIRECTORS OR WITH THE PRESIDENT OF THE BOARD. DIRECTORS SIGN A QUESTIONNAIRE THAT ASKS ABOUT THE POTENTIAL CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION PERIODICALLY USES THE SERVICES OF A CONSULTING SERVICE WHICH COMPARES THE ORGANIZATION'S COMPENSATION WITH THAT OF SIMILAR ORGANIZATIONS. SALARIES OF MANAGEMENT PERSONNEL 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 THE ORGANIZATION PERIODICALLY USES THE SERVICES OF A CONSULTING SERVICE WHICH COMPARES THE ORGANIZATION'S COMPENSATION WITH THAT OF SIMILAR ORGANIZATIONS. SALARIES OF MANAGEMENT PERSONNEL 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 CONDENSED FINANCIAL STATEMENT IS PROVIDED TO THE MEMBERS AS PART OF THE ORGANIZATION'S ANNUAL REPORT. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S HEADQUARTERS. THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE ANNUAL AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. FORM 990, PART XI, LINE 9 NONCASH PATRONAGE ALLOCATIONS NOT REVENUE PER IRS 1,254,971 PATRONAGE DIV. PAID TO MEMBERS 2,148,672 OCI ADJUSTMENT TO EQUITY 1,698,918 INCREASE IN MEMBERSHIPS 1,780 BOOK TAX DIFFERENCE SANDHILLS UTILITY SERVICES 89,243 CONTRIBUTIONS IN AID OF CONSTRUCTION -313,965 NET RETIREMENT OF CAPITAL CREDITS -1,472,565 TOTAL 3,407,054 CENTRAL ELECTRIC MEMBER CARE TRUST PO BOX 1107 SANFORD NC 27331 800958464 CHARITABLE NC 501C 3 CENTRAL EM CENTRAL ELECTRIC MEMBERSHIP CORPORA false false false false false false false false false false false false false false false true false false false false CENTRAL ELECTRIC MEMBER CARE TRUST O 48147 COST