HORRY ELECTRIC COOPERATIVE INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization: HORRY ELECTRIC COOPERATIVE INC (EIN 57-0184136)
Tax period: 2021-01-01 to 2021-12-31
Filed: 2022-04-29
IRS object ID: 202201199349300225
Schema version: 2021v4.0
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
Form 990
Schedule C
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-04-29T09:13:38-05:00	ReturnTs
Tax Period End	2021-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	581094351	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	POST OFFICE BOX ONE	AddressLine1Txt
City	MACON	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	312020001	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2021-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	570184136	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	HORRY ELECTRIC COOPERATIVE INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	HORR	BusinessNameControlTxt
Phone	8433692211	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 119	AddressLine1Txt
City	CONWAY	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	295280119	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DANIEL B SHELLEY	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	8433696353	PhoneNum
Signature	2022-04-26	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	DANIEL B	PersonFirstNm
Person Last	SHELLY	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	H TERRELL MCMICHAEL JR	PreparerPersonNm
PTIN	P01259982	PTIN
Phone	4787466277	PhoneNum
Preparation	2022-04-29	PreparationDt

Field	Value	IRS element (for citing)
Tax	2021	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

Field	Value	IRS element (for citing)
Business Name Line1	ATTN KISHA ROBERTS	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Principal Officer	DANIEL B SHELLEY	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 119	AddressLine1Txt
City	CONWAY	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29528	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$174,982,022	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1940	FormationYr
Legal Domicile State	SC	LegalDomicileStateCd
Activity Or Mission	HORRY ELECTRIC COOPERATIVE, INC. IS A NON-PROFIT, MEMBER-OWNED ORGANIZATION PROVIDING INFORMATION AND ENERGY-RELATED SERVICES ON A FAIR AND EQUITABLE BASIS.	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	183	TotalEmployeeCnt
Total Gross UBI	$0	TotalGrossUBIAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$167,513,773	PYProgramServiceRevenueAmt
CY Program Service Revenue	$172,519,096	CYProgramServiceRevenueAmt
PY Investment Income	$2,691,935	PYInvestmentIncomeAmt
CY Investment Income	$295,823	CYInvestmentIncomeAmt
PY Other Revenue	$137,141	PYOtherRevenueAmt
CY Other Revenue	$2,167,103	CYOtherRevenueAmt
PY Total Revenue	$170,342,849	PYTotalRevenueAmt
CY Total Revenue	$174,982,022	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$21,916,452	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$19,847,660	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$601,500	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$659,790	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$147,824,897	PYOtherExpensesAmt
CY Other Expenses	$154,474,572	CYOtherExpensesAmt
PY Total Expenses	$170,342,849	PYTotalExpensesAmt
CY Total Expenses	$174,982,022	CYTotalExpensesAmt
CY Revenues Less Expenses	$0	CYRevenuesLessExpensesAmt
Total Assets BOY	$368,689,970	TotalAssetsBOYAmt
Total Assets EOY	$401,901,252	TotalAssetsEOYAmt
Total Liabilities BOY	$176,194,703	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$200,868,945	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$192,495,267	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$201,032,307	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	HORRY ELECTRIC COOPERATIVE, INC. IS A NON-PROFIT, MEMBER-OWNED ORGANIZATION PROVIDING INFORMATION AND ENERGY-RELATED SERVICES ON A FAIR AND EQUITABLE BASIS.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	N/A	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

Field	Value	IRS element (for citing)
Desc	HORRY ELECTRIC COOPERATIVE, INC. IS A NON-PROFIT, MEMBER-OWNED ORGANIZATION PROVIDING INFORMATION AND ENERGY-RELATED SERVICES ON A FAIR AND EQUITABLE BASIS.	Desc

Field	Value	IRS element (for citing)
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	Yes (true)	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	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	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	false	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	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	72	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	183	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	$170,735,256	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$1,242,681	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	9	GoverningBodyVotingMembersCnt
Independent Voting Member	9	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	Yes (true)	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
States Where Copy Of Return Is Fld	SC	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	KISHA ROBERTS	PersonNm
Phone	8433692211	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2774 CULTRA ROAD	AddressLine1Txt
City	CONWAY	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29526	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
JOHNNY SHELLEY
PRESIDENT	9.94	Yes (X)	Yes (X)	$14,423	$0	$0
EUGENE HARRIOTT JR
VICE PRESIDE	10.63	Yes (X)	Yes (X)	$25,836	$0	$0
CLYDE ASHLEY ANDERSON
SEC/TREASURE	8.63	Yes (X)	Yes (X)	$14,491	$0	$0
FREDDY THOMPKINS
TRUSTEE	9.12	Yes (X)		$23,811	$0	$0
FRANKIE BLANTON SR
TRUSTEE	8.25	Yes (X)		$19,699	$0	$0
RONALD H FLOYD
TRUSTEE	9.15	Yes (X)		$19,637	$0	$0
ELAINE GORE
TRUSTEE	8.21	Yes (X)		$15,968	$0	$0
AARON JOHNSON
TRUSTEE	11.50	Yes (X)		$12,467	$0	$0
JODY PRINCE
TRUSTEE	9.53	Yes (X)		$11,723	$0	$0
HENRY W BOYD
TRUSTEE - FO				$14,608	$0	$0	Yes (X)
BOBBY E JORDAN
TRUSTEE	2.00	Yes (X)		$8,659	$0	$0
DANIEL B SHELLEY
CEO	50.00		Yes (X)	$326,599	$0	$151,868		4.00
JAMES P HOWLE
FORMER CEO				$244,833	$0	$0	Yes (X)
JOHNNY R COOPER
MANAGER-ENGI	50.00			$195,642	$0	$105,675			Yes (X)
CHRISTOPHER TEEMS
MGR-SPECIAL	50.00			$166,069	$0	$93,959			Yes (X)
KEVIN JORDAN
SUPVR ENGINE	50.00			$156,396	$0	$90,075			Yes (X)
KISHA ROBERTS
CFO	50.00			$154,761	$0	$88,913			Yes (X)
BURROUGHS W NOBLES
MANAGER OF O	50.00			$156,039	$0	$89,583			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,581,661	TotalReportableCompFromOrgAmt
Total Other Compensation	$620,073	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	33	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (true)	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
LEE ELECTRIC CONSTRUCTION INC
12828 US-501	ABERDEEN	NC	28315	LINE CONVERSION	$3,090,670
XYLEM TREE EXPERTS
38184 ROCKY HOCK ROAD	WAKEFIELD	VA	23888	ROW CLEARING	$984,796
DAVIS CONSTRUCTION
1230 LARRIMORE DR	MANNING	SC	29102	LINE EXTENSION	$952,376
POWER LINE CLEARING COMPANY INC
1725 STAMEY LIVESTOCK RD	SUMTER	SC	29150	ROW CLEARING	$430,198
SQUIRREL SYSTEMS INC
2099 CHURCH ROAD	GREEN SEA	SC	29545	ROW CLEARING	$249,977

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	8	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt
ELECTRIC REVENUE	221000	$170,735,256	$170,735,256
OTHER CAPITAL CREDITS	221000	$1,323,670	$1,323,670
G & T CAPITAL CREDITS	221000	$305,153	$305,153
POLE RENTAL	221000	$155,017		$155,017

Field	Value	IRS element (for citing)
Total Program Service Revenue	$172,519,096	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$295,823	TotalRevenueColumnAmt
Exclusion	$295,823	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
FASB GAIN/LOSS	$2,083,952	$2,083,952
MISC NON-OPERATING INCOME	$105,616	$105,616
GAIN / LOSS DISPOSITION OF PR	-$22,465	-$22,465

Field	Value	IRS element (for citing)
Other Revenue Total	$2,167,103	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$174,982,022	TotalRevenueColumnAmt
Related Or Exempt Func Income	$174,531,182	RelatedOrExemptFuncIncomeAmt
Exclusion	$450,840	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$19,847,660	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$645,182	TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$14,608	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$746,149	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$5,109,782	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$10,356,806	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
PURCHASED POWER	$104,332,780
DISTRIBUTION OPERATIONS	$12,724,756
CUSTOMER SVC & INFO. EXP	$7,375,170
DISTRIBUTION MAINTENANCE	$7,232,364

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$6,596,765	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$174,982,022	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	$53,486,760	BOYAmt
EOY	$77,597,663	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$18,507,497	BOYAmt
EOY	$16,377,808	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$5,064,700	BOYAmt
EOY	$5,996,718	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$3,407,804	BOYAmt
EOY	$2,259,600	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$408,225,986	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$128,601,051	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$270,415,218	BOYAmt
EOY	$279,624,935	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$14,378,564	BOYAmt
EOY	$15,159,740	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$3,429,427	BOYAmt
EOY	$4,884,788	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$368,689,970	BOYAmt
EOY	$401,901,252	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$23,220,153	BOYAmt
EOY	$23,056,763	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$8,412,000	BOYAmt
EOY	$15,618,000	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$138,642,352	BOYAmt
EOY	$156,221,744	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$5,920,198	BOYAmt
EOY	$5,972,438	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$176,194,703	BOYAmt
EOY	$200,868,945	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$349,485	BOYAmt
EOY	$362,885	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$192,145,782	BOYAmt
EOY	$200,669,422	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$192,495,267	BOYAmt
EOY	$201,032,307	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$368,689,970	BOYAmt
EOY	$401,901,252	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$0	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$8,537,040	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 C IRS990ScheduleC

Field	Value	IRS element (for citing)
Political Expenditures	$6,750	PoliticalExpendituresAmt
Form1120 POL Filed	Yes (true)	Form1120POLFiledInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,461,954	OtherCostOrOtherBasisAmt
Book Value	$5,461,954	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$402,764,032	OtherCostOrOtherBasisAmt
Book Value	$402,764,032	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$408,225,986	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
CONSUMER DEPOSITS	$5,290,505
DEFERRED COMPENSATION	$681,933

Field	Value	IRS element (for citing)
Total Liability	$5,972,438	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$167,776,022	TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal	$167,776,022	RevenueSubtotalAmt
Other Revenues Not Included	$7,206,000	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$7,206,000	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$174,982,022	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$155,134,362	TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal	$155,134,362	ExpensesSubtotalAmt
Other Expenses Not Included	$19,847,660	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$19,847,660	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$174,982,022	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE D, PAGE 4, PART XI, LINE 4B	NET DEFERRED REVENUE 7,206,000
SCHEDULE D, PAGE 4, PART XII, LINE 4B	PATRONAGE CAPITAL CREDITS 19,847,660
SCHEDULE D, PAGE 4, PART XIII	THE CORPORATION'S RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION (18CFR.PART 101) AS MODIFIED AND ADOPTED BY THE RURAL UTILITIES SERVICE (RUS) IN 7.CFR.1767. THOSE PRACTICES UTILIZE ALLOCATION BASES. AS A RESULT, IT WOULD REQUIRE SIGNIFICANT EFFORT TO BREAK OUT EXPENSES IN THE FUNCTIONAL CATEGORIES PROVIDED FOR ON THE STATEMENT OF FUNCTIONAL EXPENSES. MANAGEMENT HAS OPTED TO CLASSIFY ITS EXPENSES ON PART IX OF THE FORM 990 IN THE SAME MANNER IT REPORTS ITS FINANCIAL RESULTS TO LENDERS, REGULATORS AND ITS MEMBER-OWNERS.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (true)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt
HENRY W BOYD
TRUSTEE - FORMER	$14,608	$14,608
DANIEL B SHELLEY
CEO	$304,574	$478,467	$1,024	$21,001	$115,333	$36,535
JAMES P HOWLE
FORMER CEO		$244,833		$244,833			$244,833
JOHNNY R COOPER
MANAGER-ENGINEERING	$184,611	$301,317	$1,015	$10,016	$72,268	$33,407
CHRISTOPHER TEEMS
MGR-SPECIAL SERVICES	$156,591	$260,028	$1,015	$8,463	$61,297	$32,662
KEVIN JORDAN
SUPVR ENGINEER	$147,618	$246,471	$1,083	$7,695	$57,659	$32,416
KISHA ROBERTS
CFO	$145,921	$243,674	$1,083	$7,757	$56,555	$32,358
BURROUGHS W NOBLES
MANAGER OF OPERATION	$146,736	$245,622	$1,083	$8,220	$57,189	$32,394

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

SCHEDULE J, PAGE 1, PART I, LINE 4

JAMES P. HOWLE 0 244,833 0

SCHEDULE J, PART III

THE COOPERATIVE HAS ESTABLISHED AND SPONSORED TWO DEFERRED COMPENSATION PLANS. ELIGIBLE EMPLOYEES ARE DEFINED AS HIGHLY COMPENSATED INDIVIDUALS WITHIN THE DEFINITION OF IRC SECTION 414(Q). THE SECOND OF THE TWO PLANS (EBR)PROVIDES THE CORPORATION WITH A VEHICLE TO CONTINUE CONTRIBUTIONS VIA ITS EMPLOYER RETIREMENT CONTRIBUTION TO THE HIGHLY COMPENSATED EMPLOYEES WHOSE COMPENSATION EXCEEDS THE INTERNAL REVENUE SERVICE SALARY LIMITS ON RETIREMENT PLAN CONTRIBUTIONS UNDER IRC SECTION 401(A)(17). THE ANNUAL DEFERRAL TO THE TWO DEFERRED COMPENSATION PLANS IS CALCULATED IN ACCORDANCE WITH IRC SECTION 457, SUBJECT TO CHANGES UNDER IRC SECTION 457(B). THE COOPERATIVE HAD REPORTED PAYMENTS MADE FOR THE EBR PLAN IN THE CURRENT YEAR AS A COMPONENT OF COMPENSATION IN COLUMN (B) (III). COMPENSATION PREVIOUSLY REPORTED IN COLUMN (C) ON PRIOR YEAR IRS FORM 990 FILINGS HAS BEEN REPORTED IN COLUMN (F) OF THE 2021 FORM 990 IN ACCORDANCE WITH APPLICABLE DISCLOSURE REQUIREMENTS.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PAGE 2, PART III, LINE 4D	HORRY ELECTRIC COOPERATIVE, INC. IS A NON-PROFIT, MEMBER-OWNED ORGANIZATION PROVIDING INFORMATION AND ENERGY-RELATED SERVICES ON A FAIR AND EQUITABLE BASIS.
FORM 990, PAGE 6, PART VI, LINE 6	THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE AVAILABLE ON THE COOPERATIVE'S WEBSITE.
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 AVAILABLE ON THE COOPERATIVE'S WEBSITE.
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 AVALIABLE ON THE COOPERATIVE'S WEBSITE.
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 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 THROUGH THE USE OF A COMPENSATION SURVEY AND PERFORMANCE REVIEW CONDUCTED BY THE MEMBER-ELECTED BOARD.
FORM 990, PAGE 6, PART VI, LINE 15B	COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE MEMBER-ELECTED BOARD THROUGH THE USE OF A COMPENSATION SURVEY AND PERFORMANCE REVIEW CONDUCTED BY THE CEO.
FORM 990, PAGE 6, PART VI, LINE 19	THE COOPERATIVE MAKES CONFLICT OF INTEREST POLICY, AND FINANCIAL INFORMATION 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. IN ADDITION, THE COOPERATIVE'S BYLAWS ARE AVAILABLE ON ITS WEBSITE.
FORM 990, PART XI, LINE 9	MEMBERSHIPS 13,400 RETAINED CAPITAL/NET SAVINGS 1,008,446 PATRONAGE CAPITAL ALLOCATIONS/ASSIGNMENTS 19,847,660 RECOGNITION OF DEFERRED REVENUE 7,794,000 PATRONAGE CAPITAL RETIRED -5,126,466 DEFERRAL OF REVENUE -15,000,000 TOTAL 8,537,040