2022-05-05T12:10:21-05:00 2021-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2021-01-01 570216285 NEWBERRY ELECTRIC COOPERATIVE INC NEWB 8032761121 PO BOX 477 NEWBERRY SC 29108 GEORGE KEITH AVERY PRESIDENT AND CEO 8032761121 2022-05-05 true GEORGE AVERY XXX-XX-XXXX WILLIAM R ROUNTREE P01231836 4787466277 2022-05-05 2021 2022-09-23 18:48:47Z GEORGE KEITH AVERY PO BOX 477 NEWBERRY SC 29108 42292630 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 45 0 0 40715790 40492736 26297 21809 500202 1778085 41242289 42292630 0 2693649 2412327 593555 622030 0 0 37428582 38642457 40715786 41676814 526503 615816 82349560 89309961 59973419 64062202 22376141 25247759 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 false 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 35 0 true 45 true false false false false false 39846851 1922865 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 6.00 X X 30627 0 0 WILLIAM B LOMINICK SR VICE CHAIRMA 4.00 X X 20841 0 0 JOHN WAYNE NICHOLS SECRETARY/TR 4.00 X X 24672 0 0 DOUGLAS E HIPP DIRECTOR 3.00 X 34744 0 0 J CRAIG KESLER DIRECTOR 3.00 X 25412 0 0 LEON FULMER JR DIRECTOR 3.00 X 27112 0 0 BLAKE BRIGMAN DIRECTOR 3.00 X 28869 0 0 MELANIE B HAWKINS DIRECTOR 3.00 X 29219 0 0 CHARLES J BISHOP DIRECTOR 4.00 X 22608 0 0 GEORGE KEITH AVERY PRESIDENT AN 50.00 7.00 X 270279 0 107647 ARTHUR GUY CFO 50.00 X 144816 0 61826 LEANN HUTTO VP - HUMAN R 50.00 X 108340 0 59640 DEBRA SHAW VP PUBLIC RE 50.00 X 108340 0 48717 875879 277830 4 false true false SOUTHEAST UTILITIES OF GEORGIA 1020 FRANKE INDUSTRIAL DR AUGUSTA GA 30909 FIBER 4081476 ELLASON GRADING AND LANDSCAPE PO BOX 947 SIMPSONVILLE SC 29681 TREE SERVICE 1106374 MCCALL-THOMAS ENGINEERING CO PO DRAWER 670 ORANGEBURG SC 29116 ENG. CONSULTING 239221 BELL COMMUNICATIONS AND CONSULTING 126 WATERWORKS RD JOHNSTON SC 29832 ELECTRIAL EQUIP 194438 LEE ELECTRICAL CONSTRUCTION INC PO BOX 55 ABERDEEN NC 28315 CONSTRUCTION 141305 5 ELECTRIC REVENUE 221000 39846851 39846851 OTHER CAPITAL CREDITS 221000 364857 364857 POLE RENTAL 221000 191740 191740 G & T CAPITAL CREDITS 221000 89288 89288 40492736 21809 21809 NON-OPERATING FIBER INCOME 870152 870152 PAYROLL PAYCHECK PROGRAM LOAN 821255 821255 GAIN ON DIPOSITION OF PROPERT 45300 45300 41378 41378 1778085 42292630 42079081 213549 2412327 622030 2021047 3055215 PURCHASED POWER 24700781 DISTRIBUTION MAINTENANCE 2731147 OPERATING TAXES 2024416 ADMIN. & GENERAL EXP. 1780829 2329022 41676814 0 0 0 2575903 1817361 3138079 3019028 815984 1070308 20357 50176 113272135 33860307 72189151 79411828 3605343 3936517 4743 4743 82349560 89309961 3552932 6095509 53067187 54920282 3353300 3046411 59973419 64062202 X 48235 48665 22327906 25199094 22376141 25247759 82349560 89309961 X 615816 2255802 X false true X true false 1750 true SCHEDULE C, PART I-A, LINE 1 MCMASTER FOR GOVERNOR 251565 251565 113020570 33860307 79160263 79411828 DEFERRED CREDITS 1008328 CONSUMER DEPOSITS 863845 ASC 980 REGULATORY LIABILITY 598000 APBO 576238 3046411 42592630 300000 300000 42292630 42292630 39264487 39264487 2412327 2412327 41676814 SCHEDULE D, PAGE 4, PART XI, LINE 2D DEFERRED REVENUE RECOGNIZED UNDER ASC 980 300,000 SCHEDULE D, PAGE 4, PART XII, LINE 4B BENEFITS PAID TO MEMBERS 2,412,327 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. X X X false false false GEORGE KEITH AVERY PRESIDENT AND CEO 257544 7572 5163 93402 14245 377926 ARTHUR GUY CFO 139778 4021 1017 49627 12199 206642 LEANN HUTTO VP - HUMAN RESOURCES 105127 3213 39415 20225 167980 DEBRA SHAW VP PUBLIC RELATIONS 105317 3023 37081 11636 157057 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 16, 2022. FORM 990, PART XI, LINE 9 PATRONAGE CAPITAL ASSIGNED TO MEMBERS 2,412,327 CHANGE IN MEMBERSHIP FEES 430 CHANGE IN OTHER EQUITIES 15,066 DEFERRED REVENUE RECOGNITION ASC 980 300,000 OTHER COMPREHENSIVE INCOME 58,997 RETIREMENT OF CAPITAL CREDITS -531,018 TOTAL 2,255,802 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 true false false false false false false false false false CAROLINACONNECT COOPERATIVE INC K 870152 ACCESS AGREEMENT CAROLINACONNECT COOPERATIVE INC D 3670000 GUARANTEE AGREEMENT