SURRY-YADKIN ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- SURRY-YADKIN ELECTRIC MEMBERSHIP CORPORATION (EIN 56-0421795)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-04-01
- IRS object ID
- 202230919349301513
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-04-01T15:16:20-05:00 | 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 | 560421795 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SURRY-YADKIN ELECTRIC MEMBERSHIP | BusinessNameLine1Txt |
| Business Name Line2 | CORPORATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SURR | BusinessNameControlTxt |
| Phone | 3363568241 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 305 | AddressLine1Txt |
| City | DOBSON | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 270170305 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILLIAM GREGORY PUCKETT | PersonNm |
| Person Title | EXECUTIVE VP & GM | PersonTitleTxt |
| Phone | 3363568241 | PhoneNum |
| Signature | 2022-03-25 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | GREGORY | PersonFirstNm |
| Person Last | PUCKETT | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BRYAN A ISGETT | PreparerPersonNm |
| PTIN | P01441928 | PTIN |
| Phone | 4787466277 | PhoneNum |
| Preparation | 2022-04-01 | PreparationDt |
| 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 | WILLIAM GREGORY PUCKETT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 305 | AddressLine1Txt |
| City | DOBSON | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $54,865,106 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.SYEMC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1940 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | PROVIDE OUTSTANDING SERVICE THAT POWERS OUR RURAL COMMUNITIES | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 83 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $54,240,780 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $54,382,315 | CYProgramServiceRevenueAmt |
| PY Investment Income | $513,809 | PYInvestmentIncomeAmt |
| CY Investment Income | $198,410 | CYInvestmentIncomeAmt |
| PY Other Revenue | $57,909 | PYOtherRevenueAmt |
| CY Other Revenue | $284,381 | CYOtherRevenueAmt |
| PY Total Revenue | $54,812,498 | PYTotalRevenueAmt |
| CY Total Revenue | $54,865,106 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $5,272,409 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $4,479,000 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $554,789 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $593,012 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $48,985,300 | PYOtherExpensesAmt |
| CY Other Expenses | $49,793,094 | CYOtherExpensesAmt |
| PY Total Expenses | $54,812,498 | PYTotalExpensesAmt |
| CY Total Expenses | $54,865,106 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $148,980,477 | TotalAssetsBOYAmt |
| Total Assets EOY | $160,081,171 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $95,402,097 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $102,338,537 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $53,578,380 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $57,742,634 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | N/A | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | 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 | 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 |
| 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 | 41 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 83 | 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 | $52,963,615 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $472,260 | 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 | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | 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 |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SURRY-YADKIN EMC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3363568241 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 510 SOUTH MAIN STREET | AddressLine1Txt |
| City | DOBSON | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 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 |
|---|---|---|---|---|---|---|---|
| LEE VON SPEAKS | |||||||
| PRESIDENT | 6.00 | Yes (X) | Yes (X) | $22,560 | $0 | $0 | |
| WILLARD SWIFT | |||||||
| VICE PRESIDE | 4.00 | Yes (X) | Yes (X) | $16,950 | $0 | $0 | |
| KAROLINE OVERBY | |||||||
| SECRETARY | 5.00 | Yes (X) | Yes (X) | $19,590 | $0 | $0 | |
| DAVID MILLER | |||||||
| TREASURER | 3.00 | Yes (X) | Yes (X) | $16,290 | $0 | $0 | |
| ALVIN REID JR | |||||||
| DIRECTOR | 3.00 | Yes (X) | $16,290 | $0 | $0 | ||
| BRENDA HARDY | |||||||
| DIRECTOR | 3.00 | Yes (X) | $16,950 | $0 | $0 | ||
| EDDIE CAMPBELL | |||||||
| DIRECTOR | 3.00 | Yes (X) | $16,950 | $0 | $0 | ||
| STEPHEN JOYCE | |||||||
| DIRECTOR | 4.00 | Yes (X) | $17,610 | $0 | $0 | ||
| DAVID PENDRY | |||||||
| DIRECTOR | 4.00 | Yes (X) | $17,940 | $0 | $0 | ||
| STEPHEN HUTSON | |||||||
| DIRECTOR | 4.00 | Yes (X) | $17,940 | $0 | $0 | ||
| WILLIAM GREGORY PUCKETT | |||||||
| EXECUTIVE VP | 50.00 | Yes (X) | $305,335 | $0 | $108,607 | ||
| WILLIAM HAWKINS | |||||||
| SYSTEM PLANN | 45.00 | $107,937 | $0 | $31,405 | Yes (X) | ||
| MISTY UTT | |||||||
| VP OF FINANC | 45.00 | $151,596 | $0 | $65,426 | Yes (X) | ||
| RICKY BOWMAN | |||||||
| VP OF OPERAT | 45.00 | $143,238 | $0 | $63,299 | Yes (X) | ||
| RICHARD BRYON KENNEDY | |||||||
| VP OF MBR SR | 45.00 | $124,700 | $0 | $42,083 | Yes (X) | ||
| MICAH MILLS | |||||||
| MANAGER OF O | 45.00 | $117,438 | $0 | $55,618 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,129,314 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $366,438 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | 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)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| PIKE ELECTRIC INC | |||||
| PO BOX 746308 | ATLANTA | GA | 30374 | PLANT CONSTRUCT | $2,619,794 |
| CARTER UTILITY TREE SERVICE INC | |||||
| 152 GREYSTONE LANE | MOUNT AIRY | NC | 27030 | ROW TRIMMING | $2,206,360 |
| DAVEY RESOURCE GROUP INC | |||||
| PO BOX 74142 | CLEVELAND | OH | 44194 | DATA COLLECTION | $705,963 |
| LEE ELECTRICAL CONSTRUCTION INC | |||||
| PO BOX 55 | ABERDEEN | NC | 28315 | PLANT CONSTRUCT | $634,410 |
| TOP GUN APPLICATION SERVICES LLC | |||||
| 160 EUBANKS FARM RD | INMAN | SC | 29439 | ROW SPRAYING | $520,998 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| ELECTRIC REVENUE | 221000 | $52,963,615 | $52,963,615 | |
| OTHER CAPITAL CREDITS | 221000 | $1,261,538 | $1,261,538 | |
| POLE RENTAL | 221000 | $157,162 | $157,162 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $54,382,315 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $198,410 | TotalRevenueColumnAmt |
| Exclusion | $198,410 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | EARNINGS OR LOSS- DIVERSIFIED | Desc |
| Business | 221000 | BusinessCd |
| Total Revenue Column | $284,381 | TotalRevenueColumnAmt |
| Exclusion | $284,381 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $284,381 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $54,865,106 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $54,225,153 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $639,953 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,479,000 | TotalAmt |
| Program Services | $4,479,000 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $593,012 | TotalAmt |
| Program Services | $593,012 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,094,479 | TotalAmt |
| Program Services | $2,094,479 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,480,320 | TotalAmt |
| Program Services | $4,480,320 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| PURCHASED POWER | $25,998,957 | $25,998,957 |
| DISTRIBUTION MAINTENANCE | $5,750,799 | $5,750,799 |
| DISTRIBUTION OPERATIONS | $4,735,888 | $4,735,888 |
| ADMIN. & GENERAL EXP. | $4,206,464 | $4,206,464 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,526,187 | TotalAmt |
| Program Services | $2,526,187 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,865,106 | TotalAmt |
| Program Services | $54,865,106 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,287,110 | BOYAmt |
| EOY | $9,558,367 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $21,569 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,979,936 | BOYAmt |
| EOY | $8,584,247 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $597,833 | BOYAmt |
| EOY | $871,833 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $754,421 | BOYAmt |
| EOY | $981,495 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $845,738 | BOYAmt |
| EOY | $737,553 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $163,793,302 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $38,479,062 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,732,849 | BOYAmt |
| EOY | $125,314,240 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,757,230 | BOYAmt |
| EOY | $13,985,010 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,360 | BOYAmt |
| EOY | $26,857 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $148,980,477 | BOYAmt |
| EOY | $160,081,171 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,655,189 | BOYAmt |
| EOY | $5,663,871 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,533,850 | BOYAmt |
| EOY | $76,429,799 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,213,058 | BOYAmt |
| EOY | $20,244,867 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,402,097 | BOYAmt |
| EOY | $102,338,537 | EOYAmt |
| 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 | $53,578,380 | BOYAmt |
| EOY | $57,742,634 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,578,380 | BOYAmt |
| EOY | $57,742,634 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $148,980,477 | BOYAmt |
| EOY | $160,081,171 | 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 | $4,164,254 | 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 D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,765,799 | OtherCostOrOtherBasisAmt |
| Book Value | $1,765,799 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $162,027,503 | OtherCostOrOtherBasisAmt |
| Depreciation | $38,479,062 | DepreciationAmt |
| Book Value | $123,548,441 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $125,314,240 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (6 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| INVESTMENT IN ASSOC.- NCEMC | $10,070,045 |
| INVESTMENT IN ASSOC.- CFC | $1,250,273 |
| INVESTMENT IN ASSOC.- TEMA | $1,245,677 |
| OTHER | $874,391 |
| INVESTMENT IN ASSOC.- FEDERATED | $296,348 |
| INVESTMENT IN ASSOC.- NISC | $248,276 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $13,985,010 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| ASC-980 REGULATORY LIABILITY | $9,100,000 |
| ACCUM PROV FOR PENSION & BENEFITS | $8,969,559 |
| DEFERRED CREDITS | $1,623,885 |
| CONSUMER DEPOSITS | $551,423 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $20,244,867 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $54,265,106 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $54,265,106 | RevenueSubtotalAmt |
| Other Revenues Not Included | $600,000 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $600,000 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $54,865,106 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $50,386,106 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $50,386,106 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $4,479,000 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $4,479,000 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $54,865,106 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 4, PART XI, LINE 4B | ASC 980 - DEFERRED REVENUE 600,000 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | PATRONAGE CAPITAL CREDITS 4,479,000 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| WILLIAM GREGORY PUCKETT | ||||||
| EXECUTIVE VP & GM | $271,253 | $13,010 | $21,072 | $78,531 | $30,076 | $413,942 |
| MISTY UTT | ||||||
| VP OF FINANCE & ACCT | $136,270 | $6,780 | $8,546 | $39,943 | $25,483 | $217,022 |
| RICKY BOWMAN | ||||||
| VP OF OPERATIONS | $125,566 | $6,600 | $11,072 | $38,101 | $25,198 | $206,537 |
| RICHARD BRYON KENNEDY | ||||||
| VP OF MBR SRVC & PUB | $109,724 | $5,615 | $9,361 | $30,251 | $11,832 | $166,783 |
| MICAH MILLS | ||||||
| MANAGER OF OPER. | $105,238 | $5,330 | $6,870 | $30,881 | $24,737 | $173,056 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PART III | FormAndLineReferenceDesc |
| Explanation | PART II. LINE 1-WILLIAM GREGORY PUCKETT SECTION B)(III) INCLUDES ACCRUED LEAVE TIME WHICH IS IN ACCORDANCE WITH THE CORPORATION'S POLICY. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 ITS 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 99O 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 | SALARIES 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 | SALARIES 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 FINANCIAL STATEMENT IS PROVIDED TO THE MEMBERS AS A PART OF THE ORGANIZATION'S ANNUAL REPORT. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATIONS'S HEADQUARTERS. |
| FORM 990, PART VII | SYEMC BYLAWS: SECTION 5.11 - DIRECTOR COMPENSATION. THE BOARD SHALL DETERMINE THE MANNER AND METHOD OF ANY REASONABLE DIRECTOR REIMBURSEMENT AND COMPENSATION. SUCH COMPENSATION MAY INCLUDE PAYING DIRECTORS A MONTHLY STIPEND AND/OR A FIXED PER DIEM FEE, PLUS DOCUMENTED BUSINESS EXPENSES, AS DETERMINED IN THE BOARD'S REASONABLE DISCRETION, FOR ATTENDING OR ATTENDING TO: 1.THE ONGOING NEEDS OF THE COOPERATIVE, DUTIES OF THE POSITION, AND COMMUNICATIONS WITH MEMBERS; 2.BOARD MEETING; 3.FUNCTION INVOLVING THE COOPERATIVE; OR 4.MEETING OF STATE, NATIONAL OR OTHER COOPERATIVE OR INDUSTRY ORGANIZATION, OR 5.FUNCTION REASONABLY ENHANCING THE DIRECTOR'S ABILITY TO SERVE AS A DIRECTOR. |
| FORM 990, PART XI, LINE 9 | ACCUM OTHER COMPREHENSIVE INCOME 1,581,874 DONATED CAPITAL 61,645 CAPITAL CREDIT RETIREMENT -1,358,265 BENEFITS PAID TO MEMBERS 4,479,000 ASC 980 REGULATORY LIABILITY -600,000 TOTAL 4,164,254 |