2022-08-11T10:01:22-05:00 2021-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2021-01-01 560478157 CENTRAL ELECTRIC MEMBERSHIP CORPORATION CENT 9197744900 PO BOX 1107 SANFORD NC 27331 EDWARD B OLDHAM CEO & GEN. MGR. 9197744900 2022-08-09 true EDWARD OLDHAM 999009999 G STEVEN GILLIAM CPA P00348264 8043231313 2022-08-09 2021 2022-09-23 18:48:47Z EDWARD B OLDHAM PO BOX 1107 SANFORD NC 27331 58279037 false X WWW.CENTRALELECTRICONLINE.COM X 1941 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF CENTRAL EMC 10 10 73 0 0 54487860 56400342 170748 21136 121196 1849948 54779804 58271426 47926 49290 4156794 3433182 7674623 8540987 0 0 44771374 46514038 56650717 58537497 -1870913 -266071 121647932 124111878 64795969 63792065 56851963 60319813 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF CENTRAL EMC false false SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF CENTRAL ELECTRIC MEMBERSHIP CORPORATION. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 33,192,103 OTHER SALARIES AND WAGES 5,541,000 DEPRECIATION AND AMORTIZATION 4,840,566 false false false false false false false false false true true true false true false true false false false false false false false false false false true false true false false false false false false false false false false false true false false true 25 0 true 73 true false false false false false 56367318 406718 false false false X 10 10 false false false false true true true true true false false false true true true true true true true false X TABITHA WHITLOW 9197744900 128 WILSON ROAD SANFORD NC 27331 EDWARD B OLDHAM CEO & GEN. M 40.00 X 219761 0 67640 TABITHA L WHITLOW VP FIN & ACT 40.00 X 148149 0 52032 ANGELA D HARE VP OF CUSTOM 40.00 X 139867 0 55516 JODY B ALBRIGHT VP OF MEMBER 40.00 X 133442 0 52627 KENT GUNTER SUPERINTENDE 40.00 X 124109 0 44823 ROBERT THOMPSON SYSTEMS ENGI 40.00 X 130621 0 35174 MARTIN JESSUP OVERHEAD FOR 40.00 X 119076 0 41428 GEORGE D LANGSTON VP ADMIN SVC 40.00 X 132197 0 21040 TERRY COLLINS MANAGER OF O 40.00 X 107099 0 44773 WESLEY T DAVIS SYSTEM ENGIN 40.00 X 127168 0 19620 REBECCA G PASCHAL-COGAN PRESIDENT 4.00 X X 26400 0 0 J THOMAS DALRYMPLE VICE-PRESIDE 5.00 X X 20700 0 0 NANCY G HOLMES DIRECTOR 2.00 X 19800 0 0 EDITH C COX DIRECTOR 1.00 X 19500 0 0 TIMOTHY W PRIEST DIRECTOR 5.00 X 19200 0 0 C HENRY OUTZ JR DIRECTOR 3.00 X 18750 0 0 HENRY RANDOLPH DIRECTOR 2.00 X 18300 0 0 L FRANK COMER III DIRECTOR 3.00 X 18000 0 0 JAMES B BROOKS SECRETARY-TR 1.00 X X 17100 0 0 W PHILLIP THOMPSON JR ASST. SECRET 3.00 X X 17100 0 0 1576339 434673 17 false true false LEE ELECTRICAL CONSTRUCTION PO BOX 55 ABERDEEN NC 28315 OH & UG CONST 3548373 LEWIS TREE SERVICE PO BOX 731897 DALLAS TX 753731897 ROW MAINTENANCE 726176 XYLEM TREE EXPERTS 208 E PLUME STREET SUITE 250 NORFOLK VA 23510 ROW MAINTENANCE 689843 COOPERATIVE SERVICES CENTER PO BOX 1060 HILLSBOROUGH NC 27278 HUMAN RESOURCES 257943 SANFORD CONTRACTORS INC PO BOX 9 LEMON SPRINGS NC 28355 CONSTRUCTION 252264 8 SALE OF ELECTRICITY 221000 56030202 56030202 CASH PATRONAGE RECEIVED 221000 185313 185313 CONTRIB. IN AID OF CONST. 221000 184827 184827 56400342 28747 28747 5850 137001 5850 137001 142851 5850 137001 7611 -7611 -7611 -7611 EARNINGS FROM EQUITY INV. 221000 1705116 1705116 OTHER 221000 1981 1981 1707097 58271426 58113289 158137 X 49290 3433182 1217121 5541000 1110088 167625 505153 245386 598673 121010 1829208 4840566 COST OF POWER 33192103 DIST. MAINTENANCE 2116074 ADMIN & GENERAL 2098335 DIST. OPERATION 2025198 -552515 58537497 0 0 0 2536306 1570158 30219 30222 8740513 6998069 728507 583540 1078438 1189164 2291174 1642464 139011517 46935988 88920160 92075529 5242197 6736129 12080418 13286603 121647932 124111878 5956601 5766995 48338578 48464329 988600 896223 9512190 8664518 64795969 63792065 X 56851963 60319813 56851963 60319813 121647932 124111878 X -266071 3733921 X false true X true false 139011517 46935988 92075529 92075529 SANDHILLS UTILITY SERVICES, LLC 5368129 C DIVERSIFIED ENERGY, LLC 1368000 C 6736129 PATRONAGE CAPITAL 12592831 C CAPITAL TERM CERTIFICATES 452577 C CFC SELECT NOTE 225000 C OTHER 16195 C 13286603 OTHER POST-RETIREMENT 5289410 DEFERRED CREDITS 2040525 CONSUMER DEPOSITS 1334583 8664518 59934464 1847865 1847865 58086599 184827 184827 58271426 55104315 55104315 3433182 3433182 58537497 SCHEDULE D, PAGE 4, PART XI, LINE 2D ADJ. FOR CASH PAT. REC 1,234,843 ADJ FOR INCOME FROM EQUITY INV 613,022 SCHEDULE D, PAGE 4, PART XI, LINE 4B CIAC 184,827 SCHEDULE D, PAGE 4, PART XII, LINE 4B MARGINS ASSIGNED TO MEMBERS 3,433,182 false CENTRAL ELEC MEM CARE TRUST PO BOX 1107 SANFORD NC 27331 800958464 3 49290 COSTS LABOR ADMIN ASSISTANCE 1 X X false false false EDWARD B OLDHAM CEO & GEN. MGR. 219761 55645 11995 287401 TABITHA L WHITLOW VP FIN & ACTG 148149 40037 11995 200181 ANGELA D HARE VP OF CUSTOMER SERV 139867 40037 15479 195383 JODY B ALBRIGHT VP OF MEMBER SERVICE 133442 37148 15479 186069 KENT GUNTER SUPERINTENDENT 124109 32828 11995 168932 ROBERT THOMPSON SYSTEMS ENGINEER 130621 34551 623 165795 MARTIN JESSUP OVERHEAD FOREMAN 119076 25949 15479 160504 GEORGE D LANGSTON VP ADMIN SVCS 132197 9045 11995 153237 TERRY COLLINS MANAGER OF OPS 107099 29294 15479 151872 FORM 990, PAGE 6, PART VI, LINE 6 CENTRAL ELECTRIC MEMBERSHIP CORPORATION IS AN ELECTRIC MEMBERSHIP CORPORATION THAT DELIVERS ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. THE MEMBERS ELECT THE BOARD OF DIRECTORS, WHICH SERVE AS THE GOVERNING BODY OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS OF CENTRAL ELECTRIC MEMBERSHIP CORPORATION RECEIVE ONE VOTE WITH RESPECT TO SELECTING THE GOVERNING BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS AS PROVIDED FOR IN THE COOPERATIVE BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT REVIEWS A COPY OF THE 990 FOR ACCURACY BEFORE FURNISHING IT TO THE CEO AND THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICTS OF INTEREST ARE COVERED UNDER THE ORGANIZATION'S CODE OF CONDUCT, WHICH STATES "EMPLOYEES ARE ENCOURAGED TO TALK TO SUPERVISORS, MANAGERS OR OTHER APPROPRIATE PERSONNEL ABOUT OBSERVED ILLEGAL OR UNETHICAL BEHAVIOR, AS WELL AS ACTUAL OR SUSPECTED VIOLATIONS OF THE POLICY OF WHICH THEY ARE AWARE, OR CONCERNS ABOUT THE BEST COURSE OF ACTION IN A PARTICULAR SITUATION." A COPY OF THE POLICY IS POSTED ON-LINE AT EACH OFFICE LOCATION. EMPLOYEES ARE NOTIFIED ONCE A YEAR ABOUT THE POLICY AND ARE EXPECTED TO REVIEW IT. EMPLOYEES ARE EXPECTED TO COOPERATE IN INTERNAL INVESTIGATIONS OF MISCONDUCT. DIRECTORS ARE SIMILARLY ENCOURAGED TO DISCUSS SUCH ISSUES WITH FELLOW DIRECTORS OR WITH THE PRESIDENT OF THE BOARD. DIRECTORS SIGN A QUESTIONNAIRE THAT ASKS ABOUT THE POTENTIAL CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION PERIODICALLY USES THE SERVICES OF A CONSULTING SERVICE WHICH COMPARES THE ORGANIZATION'S COMPENSATION WITH THAT OF SIMILAR ORGANIZATIONS. SALARIES OF MANAGEMENT PERSONNEL 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 THE ORGANIZATION PERIODICALLY USES THE SERVICES OF A CONSULTING SERVICE WHICH COMPARES THE ORGANIZATION'S COMPENSATION WITH THAT OF SIMILAR ORGANIZATIONS. SALARIES OF MANAGEMENT PERSONNEL 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 CONDENSED FINANCIAL STATEMENT IS PROVIDED TO THE MEMBERS AS PART OF THE ORGANIZATION'S ANNUAL REPORT. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S HEADQUARTERS. THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE ANNUAL AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. FORM 990, PART XI, LINE 9 NONCASH PATRONAGE ALLOCATIONS NOT REVENUE PER IRS 1,234,843 PATRONAGE DIV. PAID TO MEMBERS 3,433,182 OCI ADJUSTMENT TO EQUITY 93,793 INCREASE IN MEMBERSHIPS 1,040 BOOK TAX DIFFERENCE SANDHILLS UTILITY SERVICES 613,022 CONTRIBUTIONS IN AID OF CONSTRUCTION -184,827 NET RETIREMENT OF CAPITAL CREDITS -1,457,132 TOTAL 3,733,921 CENTRAL ELECTRIC MEMBER CARE TRUST PO BOX 1107 SANFORD NC 27331 800958464 CHARITABLE NC 501C 3 CENTRAL EM CENTRAL ELECTRIC MEMBERSHIP CORPORA false false false false false false false false false false false false false false false true false false false false CENTRAL ELECTRIC MEMBER CARE TRUST O 49290 COST