PITT & GREENE ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- PITT & GREENE ELECTRIC MEMBERSHIP CORPORATION (EIN 56-0360850)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-04-19
- IRS object ID
- 202221099349300427
- Schema version
- 2021v4.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-04-19T14:53:17-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560360850 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Pitt and Greene Electric Membership Corporation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % John A Dixon | InCareOfNm |
| Business Name Control | PITT | BusinessNameControlTxt |
| Phone | 2527533128 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3989 West Wilson Street | AddressLine1Txt |
| City | Farmville | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27828 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN A DIXON | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 2527533128 | PhoneNum |
| Signature | 2022-04-19 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JOHN | PersonFirstNm |
| Person Last | DIXON | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 1 | TrustedCustomerCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARK A SUGGS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3989 West Wilson St | AddressLine1Txt |
| City | Farmville | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27828 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $24,821,197 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.pgemc.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1937 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | It shall be the aim of Pitt and Greene Electric Membership Corporation to make electric energy available to its members at the lowest cost | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 36 | TotalEmployeeCnt |
| Total Gross UBI | $33,174 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $18,399 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $23,756,053 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $23,478,847 | CYProgramServiceRevenueAmt |
| PY Investment Income | $142,700 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,306,562 | CYInvestmentIncomeAmt |
| PY Other Revenue | $22,133 | PYOtherRevenueAmt |
| CY Other Revenue | $33,219 | CYOtherRevenueAmt |
| PY Total Revenue | $23,920,886 | PYTotalRevenueAmt |
| CY Total Revenue | $24,818,628 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $1,238,387 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $479,458 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,210,576 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,325,868 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $19,740,480 | PYOtherExpensesAmt |
| CY Other Expenses | $20,107,092 | CYOtherExpensesAmt |
| PY Total Expenses | $23,189,443 | PYTotalExpensesAmt |
| CY Total Expenses | $22,912,418 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $731,443 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,906,210 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $59,968,714 | TotalAssetsBOYAmt |
| Total Assets EOY | $61,131,619 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $29,889,593 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $28,942,928 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $30,079,121 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $32,188,691 | NetAssetsOrFundBalancesEOYAmt |
| Mission | It shall be the aim of Pitt and Greene Electric Membership Corporation to make electric energy available to its members at the lowest cost consistent with sound economy and good management. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $22,912,418 | ExpenseAmt |
| Revenue | $23,478,847 | RevenueAmt |
| Desc | Sale of electricity to cooperative members. | Desc |
| Total Program Service Expenses | $22,912,418 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| 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 | Yes (true) | 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 |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| 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 | 14 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | false | BackupWthldComplianceInd |
| Employee | 36 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Excs Tax Sect4951 Or4952 Or4953 | false | ExcsTaxSect4951Or4952Or4953Ind |
| 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 |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK A SUGGS | PersonNm |
| Phone | 2527533128 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3989 West Wilson St | AddressLine1Txt |
| City | Farmville | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27828 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| WILLIAM E ASKEW | |||||||
| VicePresident | 1.300 | Yes (X) | Yes (X) | $14,800 | $0 | $0 | |
| KIRBY BELL | |||||||
| Director | 0.900 | Yes (X) | $14,786 | $0 | $0 | ||
| JACK EDMONSON | |||||||
| Director | 0.600 | Yes (X) | $14,794 | $0 | $0 | ||
| RICHARD S HARPER | |||||||
| Director | 1.600 | Yes (X) | $14,800 | $0 | $0 | ||
| JEFFERY N LETCHWORTH | |||||||
| SecretaryTreasurer | 0.900 | Yes (X) | Yes (X) | $14,800 | $0 | $0 | |
| GARLAND MOZINGO | |||||||
| Director | 1.200 | Yes (X) | $14,800 | $0 | $0 | ||
| JAMES SHACKLEFORD | |||||||
| Director | 1.100 | Yes (X) | $14,794 | $0 | $0 | ||
| ERNEST G SMITH | |||||||
| President | 1.500 | Yes (X) | Yes (X) | $14,800 | $0 | $0 | |
| MICHAEL HARDY | |||||||
| Director | 0.800 | Yes (X) | $14,800 | $0 | $0 | ||
| MARK A SUGGS | |||||||
| General ManagerEVP | 40.00 | $342,097 | $0 | $30,450 | Yes (X) | ||
| ANTHONY W BARROW | |||||||
| Director Engineering | 40.00 | $227,709 | $0 | $23,563 | Yes (X) | ||
| PATSY B ROWE | |||||||
| Director Finance | 40.00 | $156,768 | $0 | $68,674 | Yes (X) | ||
| AUSTIN DIXON | |||||||
| CFO | 40.00 | $126,654 | $0 | $38,294 | Yes (X) | ||
| MILTON M GRANT | |||||||
| Director Operations | 40.00 | $155,235 | $0 | $181,934 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,141,637 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $342,915 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 5 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| ServicesServicesDesc | CompensationCompensationAmt |
|---|---|
| Mastec North America Inc | |
| Line Construction | $346,893 |
| Xylem Tree Experts | |
| ROW Trimming | $331,040 |
| Carolina Power & Signaliza | |
| Line Construction | $305,321 |
| Lucas Tree Experts | |
| ROW Trimming | $228,284 |
| Booth & Associates LLC | |
| Engineering Services | $223,694 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Sale of Electricity | 221000 | $22,912,419 | $22,912,419 |
| Patronage Capital | $566,428 | $566,428 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $23,478,847 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,306,562 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,306,562 | RelatedOrExemptFuncIncomeAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $35,743 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,569 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $33,174 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $33,174 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $33,174 | UnrelatedBusinessRevenueAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NCEMC Bright Ideas Gra | Desc |
| Total Revenue Column | $45 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $45 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $45 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $24,818,628 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $24,785,454 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $33,174 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $479,458 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,288,483 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,037,385 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $94,255 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,500 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $747,099 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,424,755 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| Cost of Power | $12,690,074 |
| Transmission and Distr Expen | $2,533,593 |
| Consumer Account Exp | $776,053 |
| Admin and General Exp | $626,474 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $168,289 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,912,418 | 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 | $2,069,402 | BOYAmt |
| EOY | $683,741 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,850,000 | BOYAmt |
| EOY | $3,850,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,462,671 | BOYAmt |
| EOY | $2,551,830 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $473,948 | BOYAmt |
| EOY | $495,890 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $371,508 | BOYAmt |
| EOY | $590,730 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $74,386,933 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $28,878,240 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,590,494 | BOYAmt |
| EOY | $45,508,693 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,150,691 | BOYAmt |
| EOY | $7,452,324 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | -$1,589 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,968,714 | BOYAmt |
| EOY | $61,131,619 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,563,106 | BOYAmt |
| EOY | $2,796,113 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,194,369 | BOYAmt |
| EOY | $21,785,796 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,132,118 | BOYAmt |
| EOY | $4,361,019 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,889,593 | BOYAmt |
| EOY | $28,942,928 | EOYAmt |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,079,121 | BOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,079,121 | BOYAmt |
| EOY | $32,188,691 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,079,121 | BOYAmt |
| EOY | $32,188,691 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,968,714 | BOYAmt |
| EOY | $61,131,619 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,906,210 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $203,360 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Disclosed Org Leg Ctrl | false | DisclosedOrgLegCtrlInd |
| Disclosed For Charitable Prps | false | DisclosedForCharitablePrpsInd |
| Written Policy Monitoring | false | WrittenPolicyMonitoringInd |
| Section170h Rqr Stsfd | false | Section170hRqrStsfdInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $1,721,803 | InvestmentCostOrOtherBasisAmt |
| Book Value | $1,721,803 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $68,090,728 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $25,113,273 | DepreciationAmt |
| Book Value | $42,977,455 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $4,574,402 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $3,764,967 | DepreciationAmt |
| Book Value | $809,435 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $45,508,693 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (6 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Membership Fees | $3,075 |
| Patronage Capital | $6,104,337 |
| Capital Term Certificat | $696,904 |
| Stock | $7,200 |
| Economic Development | $122,471 |
| NonUtility Property | $518,337 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $7,452,324 | TotalBookValueProgramRltdAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Deferred Asset | Desc |
| Book Value | -$1,589 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | -$1,589 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Accumulated Retirement Provision | $3,569,356 |
| Consumer Deposits | $753,622 |
| Deferred Credits | $38,041 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,361,019 | TotalLiabilityAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 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 |
|---|---|---|---|---|---|---|
| WILLIAM E ASKEW | ||||||
| VicePresident | $14,800 | $14,800 | ||||
| KIRBY BELL | ||||||
| Director | $14,786 | $14,786 | ||||
| JACK EDMONSON | ||||||
| Director | $14,794 | $14,794 | ||||
| RICHARD S HARPER | ||||||
| Director | $14,800 | $14,800 | ||||
| JEFFERY N LETCHWORTH | ||||||
| SecretaryTreasurer | $14,800 | $14,800 | ||||
| GARLAND MOZINGO | ||||||
| Director | $14,800 | $14,800 | ||||
| JAMES SHACKLEFORD | ||||||
| Director | $14,794 | $14,794 | ||||
| ERNEST G SMITH | ||||||
| President | $14,800 | $14,800 | ||||
| MICHAEL HARDY | ||||||
| Director | $14,800 | $14,800 | ||||
| MARK A SUGGS | ||||||
| General ManagerEVP | $324,738 | $421,055 | $6,784 | $10,575 | $30,450 | $48,508 |
| ANTHONY W BARROW | ||||||
| Director Engineering | $219,906 | $278,692 | $4,509 | $3,294 | $23,563 | $27,420 |
| PATSY B ROWE | ||||||
| Director Finance | $149,839 | $249,941 | $3,117 | $3,812 | $68,674 | $24,499 |
| AUSTIN DIXON | ||||||
| CFO | $123,795 | $195,723 | $2,651 | $208 | $38,294 | $30,775 |
| MILTON M GRANT | ||||||
| Director Operations | $148,628 | $372,614 | $3,166 | $3,441 | $181,934 | $35,445 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (20 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part VI Line 6 | Each active electric customer of the corporation is a member. |
| Part VI Line 7a | Each active electric customer of the corporation is a member with one vote. |
| Part VI Line 7b | Members have voting rights and must vote to change the charter, set debt |
| Part VI Line 7b | limits, and to consider dissolution. |
| Part VI Line 11b | A copy of the Form 990 was made available to the governing body at the |
| Part VI Line 11b | regular board meeting held on April 28, 2022. |
| Part VI Line 12c | The governing body completes an annual conflict of interest questionaire. |
| Part VI Line 15a or b | General Manager, EVP - August 2021 |
| Part VI Line 19 | Upon recieving a request in our main office located at 3989 West Wilson St |
| Part VI Line 19 | Farmville, NC 27828 |
| Part XI Line 9 | Retirement of Capital Credits |
| Part XI Line 9 | Line 9 Other changes in net assets or fund balances |
| Part XI Line 9 | Patronage Capital Retired - 2021 <806,863> |
| Part XI Line 9 | Capital Credits Discounted - Reacquired 358,125 |
| Part XI Line 9 | Present Value Redeemed <448,738> |
| Part XI Line 9 | Change in Membership Fees 10 |
| Part XI Line 9 | Adjustments from 2021 posted in 2022 172,630 |
| Part XI Line 9 | 2021 Operating Margins 617,652 |
| Part XI Line 9 | Change in Unbilled Revenue <138,194> |
| Part XI Line 9 | Change in Net Assets 203,360 |