2022-04-01T15:16:20-05:00 2021-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2021-01-01 560421795 SURRY-YADKIN ELECTRIC MEMBERSHIP CORPORATION SURR 3363568241 PO BOX 305 DOBSON NC 270170305 WILLIAM GREGORY PUCKETT EXECUTIVE VP & GM 3363568241 2022-03-25 true GREGORY PUCKETT 999009999 BRYAN A ISGETT P01441928 4787466277 2022-04-01 2021 2022-09-23 18:48:47Z WILLIAM GREGORY PUCKETT PO BOX 305 DOBSON NC 27017 54865106 false X WWW.SYEMC.COM X 1940 NC PROVIDE OUTSTANDING SERVICE THAT POWERS OUR RURAL COMMUNITIES 10 10 83 0 0 54240780 54382315 513809 198410 57909 284381 54812498 54865106 0 5272409 4479000 554789 593012 0 0 48985300 49793094 54812498 54865106 0 148980477 160081171 95402097 102338537 53578380 57742634 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. false false N/A false false false false false false false false false true false true false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 41 0 true 83 true false false false false false 52963615 472260 false false false X 10 10 false false false false true true true true true false false true true true true true true true true false X X SURRY-YADKIN EMC 3363568241 510 SOUTH MAIN STREET DOBSON NC 27017 X LEE VON SPEAKS PRESIDENT 6.00 X X 22560 0 0 WILLARD SWIFT VICE PRESIDE 4.00 X X 16950 0 0 KAROLINE OVERBY SECRETARY 5.00 X X 19590 0 0 DAVID MILLER TREASURER 3.00 X X 16290 0 0 ALVIN REID JR DIRECTOR 3.00 X 16290 0 0 BRENDA HARDY DIRECTOR 3.00 X 16950 0 0 EDDIE CAMPBELL DIRECTOR 3.00 X 16950 0 0 STEPHEN JOYCE DIRECTOR 4.00 X 17610 0 0 DAVID PENDRY DIRECTOR 4.00 X 17940 0 0 STEPHEN HUTSON DIRECTOR 4.00 X 17940 0 0 WILLIAM GREGORY PUCKETT EXECUTIVE VP 50.00 X 305335 0 108607 WILLIAM HAWKINS SYSTEM PLANN 45.00 X 107937 0 31405 MISTY UTT VP OF FINANC 45.00 X 151596 0 65426 RICKY BOWMAN VP OF OPERAT 45.00 X 143238 0 63299 RICHARD BRYON KENNEDY VP OF MBR SR 45.00 X 124700 0 42083 MICAH MILLS MANAGER OF O 45.00 X 117438 0 55618 1129314 366438 6 false true false PIKE ELECTRIC INC PO BOX 746308 ATLANTA GA 30374 PLANT CONSTRUCT 2619794 CARTER UTILITY TREE SERVICE INC 152 GREYSTONE LANE MOUNT AIRY NC 27030 ROW TRIMMING 2206360 DAVEY RESOURCE GROUP INC PO BOX 74142 CLEVELAND OH 44194 DATA COLLECTION 705963 LEE ELECTRICAL CONSTRUCTION INC PO BOX 55 ABERDEEN NC 28315 PLANT CONSTRUCT 634410 TOP GUN APPLICATION SERVICES LLC 160 EUBANKS FARM RD INMAN SC 29439 ROW SPRAYING 520998 8 ELECTRIC REVENUE 221000 52963615 52963615 OTHER CAPITAL CREDITS 221000 1261538 1261538 POLE RENTAL 221000 157162 157162 54382315 198410 198410 EARNINGS OR LOSS- DIVERSIFIED 221000 284381 284381 284381 54865106 54225153 639953 4479000 4479000 593012 593012 2094479 2094479 4480320 4480320 PURCHASED POWER 25998957 25998957 DISTRIBUTION MAINTENANCE 5750799 5750799 DISTRIBUTION OPERATIONS 4735888 4735888 ADMIN. & GENERAL EXP. 4206464 4206464 2526187 2526187 54865106 54865106 0 0 5287110 9558367 21569 9979936 8584247 597833 871833 754421 981495 845738 737553 163793302 38479062 118732849 125314240 12757230 13985010 25360 26857 148980477 160081171 4655189 5663871 70533850 76429799 20213058 20244867 95402097 102338537 X 53578380 57742634 53578380 57742634 148980477 160081171 X 0 4164254 X false true X true false 1765799 1765799 162027503 38479062 123548441 125314240 INVESTMENT IN ASSOC.- NCEMC 10070045 INVESTMENT IN ASSOC.- CFC 1250273 INVESTMENT IN ASSOC.- TEMA 1245677 OTHER 874391 INVESTMENT IN ASSOC.- FEDERATED 296348 INVESTMENT IN ASSOC.- NISC 248276 13985010 ASC-980 REGULATORY LIABILITY 9100000 ACCUM PROV FOR PENSION & BENEFITS 8969559 DEFERRED CREDITS 1623885 CONSUMER DEPOSITS 551423 20244867 54265106 54265106 600000 600000 54865106 50386106 50386106 4479000 4479000 54865106 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 X false false false WILLIAM GREGORY PUCKETT EXECUTIVE VP & GM 271253 13010 21072 78531 30076 413942 MISTY UTT VP OF FINANCE & ACCT 136270 6780 8546 39943 25483 217022 RICKY BOWMAN VP OF OPERATIONS 125566 6600 11072 38101 25198 206537 RICHARD BRYON KENNEDY VP OF MBR SRVC & PUB 109724 5615 9361 30251 11832 166783 MICAH MILLS MANAGER OF OPER. 105238 5330 6870 30881 24737 173056 SCHEDULE J, PART III PART II. LINE 1-WILLIAM GREGORY PUCKETT SECTION B)(III) INCLUDES ACCRUED LEAVE TIME WHICH IS IN ACCORDANCE WITH THE CORPORATION'S POLICY. 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