2025-05-05T09:29:05-04:00 2024-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2024-01-01 570216285 NEWBERRY ELECTRIC COOPERATIVE INC NEWB 8032761121 PO BOX 477 NEWBERRY SC 29108 GEORGE KEITH AVERY PRESIDENT AND CEO 8032761121 2025-02-21 true false WILLIAM R ROUNTREE P01231836 4787466277 2025-05-05 2024 2025-03-06 01:10:19Z GEORGE KEITH AVERY PO BOX 477 NEWBERRY SC 29108 53742395 false X WWW.NEC.COOP X 1940 SC TO PROVIDE THE BEST ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AT THE LOWEST PRICE CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. 9 9 50 0 0 48441249 53633554 54065 69341 64044 39500 48559358 53742395 0 2255017 2886840 704020 791630 0 0 45600321 50063925 48559358 53742395 0 100587926 112606084 72897950 83301701 27689976 29304383 TO PROVIDE THE BEST ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT THE LOWEST PRICE CONSISTENT WITH HIGHEST STANDARDS OF SERVICE. false false N/A false false true 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 true false false true X 48 0 true 50 true false false false false false 50051964 261664 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false SC X ARTHUR GUY 8032761121 PO BOX 477 NEWBERRY SC 29108 X JOHNNIE L DICKERT CHAIRMAN 20.00 X X 44055 0 0 WILLIAM B LOMINICK SR VICE CHAIRMA 35.00 X X 27847 0 0 JOHN WAYNE NICHOLS SECRETARY/TR 30.00 X X 36954 0 0 DOUGLAS E HIPP DIRECTOR 8.00 X 35134 0 0 J CRAIG KESLER DIRECTOR 30.00 X 42747 0 0 LEON FULMER JR DIRECTOR 8.00 X 27104 0 0 BLAKE BRIGMAN DIRECTOR 8.00 X 29922 0 0 MELANIE B HAWKINS DIRECTOR 30.00 X 38472 0 0 BARBARA C BISHOP DIRECTOR 4.00 X 38566 0 0 GEORGE KEITH AVERY PRESIDENT AN 50.00 X 345909 0 124921 KEVIN SHULL VP-ENGINEERI 50.00 X 197098 0 76935 ARTHUR GUY CFO 50.00 X 173903 0 74230 LEANN HUTTO VP-HUMAN RES 50.00 X 146934 0 61620 ROBERT SHEALY VP-OPERATION 50.00 X 126767 0 66946 STEPHANIE SULLIVAN VP-OPERATIOS 50.00 X 132914 0 65771 1444326 470423 7 false true false LEE ELECTRICAL CONSTRUCTION INC 12828 HWY 15 501 SOUTH ABERDEEN NC 28315 CONSTRUCTION 3154652 ELLASON GRADING AND LANDSCAPE PO BOX 947 SIMPSONVILLE SC 29681 RIGHT OF WAY 1732065 SOUTHEAST UTILITIES OF GEORGIA 1020 FRANKE INDUSTRIAL DR AUGUSTA GA 30909 FIBER 836705 PEACH TREE UTILITIES 140 CORLEY TRL MONETTA SC 29105 FIBER 496227 JACKSONS GLOBAL SOLUTIONS LLC 403 FURYS FERRY RD SUITE 100 MARTINEZ GA 30907 FIBER 261555 10 ELECTRIC REVENUE 221000 50905304 50905304 POLE RENTAL 221000 2112375 2112375 G & T CAPITAL CREDITS 221000 325264 325264 OTHER CAPITAL CREDITS 221000 290611 290611 53633554 69341 69341 GAIN ON DISPOSITION OF PROPER 39500 39500 39500 53742395 51560679 2181716 2886840 791630 3082615 3724301 PURCHASED POWER 32852994 DISTRIBUTION MAINTENANCE 3669369 ADMIN. & GENERAL EXP. 2259693 OPERATING TAXES 2122239 2352714 53742395 0 0 0 1543025 2281198 64377 3516881 3585932 1555773 1685229 68227 5481010 136460120 42690702 88628152 93769418 5271125 5734177 4743 4743 100587926 112606084 3539906 3865642 66151609 75719292 3206435 3716767 72897950 83301701 X 49390 49760 27640586 29254623 27689976 29304383 100587926 112606084 X 0 1614407 X false true X true false 4000 true SCHEDULE C, PART I-A, LINE 1 RONNIE CROMER FOR SENATE OTT FOR SENATE JOE WHITE FOR SC HOUSE HARPOOTLIAN FOR SENATE 501313 501313 6760043 2357484 4402559 129198764 40333218 88865546 93769418 PATRONAGE CAPITAL-CENTRAL 2166095 PATRONAGE CAPITAL-CEE-US 1962971 PATRONAGE CAPITAL-CFC 868065 PATRONAGE CAPITAL-CTC'S 394623 PATRONAGE CAPITAL-FEDERATED 218040 PATRONAGE CAPITAL-MERIDIAN (SEDC) 104661 PATRONAGE CAPITAL-COBANK 13843 PATRONAGE CAPITAL-OTHER 5500 PATRONAGE CAPITAL-NRTC 379 5734177 ASC 980 REGULATORY LIABILITY 1698000 CONSUMER DEPOSITS 973902 DEFERRED CREDITS 608965 APBO 435900 3716767 52942395 -800000 -800000 53742395 53742395 50855555 50855555 2886840 2886840 53742395 SCHEDULE D, PAGE 4, PART XI, LINE 2D DEFERRED REVENUE - ASC 980 -800,000 SCHEDULE D, PAGE 4, PART XII, LINE 4B BENEFITS PAID TO MEMBERS 2,886,840 X X X false false false GEORGE KEITH AVERY PRESIDENT AND CEO 317262 14888 13759 112099 12822 470830 KEVIN SHULL VP-ENGINEERING 186111 8012 2975 66920 10015 274033 ARTHUR GUY CFO 160253 7688 5962 64215 10015 248133 LEANN HUTTO VP-HUMAN RESOURCES 138342 6179 2413 51605 10015 208554 ROBERT SHEALY VP-OPERATIONS 118313 5740 2714 47937 19009 193713 STEPHANIE SULLIVAN VP-OPERATIOS SUPPORT 122638 5598 4678 46762 19009 198685 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 THE 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 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 THE BOARD POLICY THAT IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE MEETS ANNUALLY TO REVIEW THE PERFORMANCE OF THE PRESIDENT AND CEO. THEY UTILIZE NRECA SALARY DATA FOR COMPARISON AND MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS DISCUSSES AND VOTES ON THE RECOMMENDATIONS OF THE EXECUTIVE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED THROUGH THE USE OF A WAGE AND SALARY PLAN ADMINISTERED BY THE CEO AND APPROVED BY THE MEMBER ELECTED BOARD. 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 ( 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, 2025. FORM 990, PART XI, LINE 9 PATRONAGE CAPITAL ASSIGNED TO MEMBERS 2,886,840 CHANGE IN MEMBERSHIP FEES 370 CHANGE IN OTHER EQUITIES 38,205 RETIREMENT OF CAPITAL CREDITS -401,982 DEFERRED REVENUE - ASC 980 -800,000 OTHER COMPREHENSIVE INCOME -109,026 TOTAL 1,614,407 CAROLINACONNECT COOPERATIVE INC PO BOX 1667 LEXINGTON SC 29071 811529390 BROADBAND SC 501C12 N/A false false false false true false false false false false false false false false false false false true false false CAROLINACONNECT COOPERATIVE INC Q 1906849 ACCESS AGREEMENT CAROLINACONNECT COOPERATIVE INC D 3478000 DEBT GUARANTY