2022-10-24T13:18:50-04:00 2021-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2021-01-01 560154512 BRUNSWICK ELECTRIC MEMBERSHIP CORPORATION BRUN 9107544391 P O BOX 826 SHALLOTTE NC 28459 JOSHUA WINSLOW CEO / GEN MGR. 9107544391 2022-10-04 true JOSHUA WINSLOW 999009999 G STEVEN GILLIAM CPA P00348264 8043231313 2022-10-04 2021 2022-09-23 18:48:47Z JOSHUA WINSLOW PO BOX 826 SHALLOTTE NC 28459 201861439 false X WWW.BEMC.ORG X 1939 NC THE MISSION OF BRUNSWICK ELECTRIC MEMBERSHIP CORPORATION IS TO PROVIDE OUR COOPERATIVE MEMBERSHIP WITH SUPERIOR ELECTRIC AND CONSUMER SERVICES THROUGH OPEN COMMUNICATION, UTILIZING A HIGHLY-TRAINED, EFFICIENT WORK FORCE IN CONJUNCTION WITH A KNOWLEDGEABLE AND WELL-INFORMED MEMBERSHIP. OUR PRIMARY GOAL IS TO DISTRIBUTE SAFE, AFFORDABLE, RELIABLE, AND ENVIRONMENTALLY RESPONSIBLE ELECTRICITY TO OUR MEMBERSHIP. 10 10 225 133144 7112541 404034 196279366 199278405 1470514 699854 300448 892787 205162869 201275080 229209 267038 13227991 12515359 23196080 24762429 0 0 165569390 161484442 202222670 199029268 2940199 2245812 467836329 489243089 287575146 301523139 180261183 187719950 X THE MISSION OF BRUNSWICK ELECTRIC MEMBERSHIP CORPORATION IS TO PROVIDE OUR COOPERATIVE MEMBERSHIP WITH SUPERIOR ELECTRIC AND CONSUMER SERVICES THROUGH OPEN COMMUNICATION, UTILIZING A HIGHLY-TRAINED, EFFICIENT WORK FORCE IN CONJUNCTION WITH A KNOWLEDGEABLE AND WELL-INFORMED MEMBERSHIP. OUR PRIMARY GOAL IS TO DISTRIBUTE SAFE, AFFORDABLE, RELIABLE, AND ENVIRONMENTALLY RESPONSIBLE ELECTRICITY TO OUR MEMBERSHIP. false false 182285552 267038 DISTRIBUTION OF ELECTRICITY TO MEMBERS, WHICH INCLUDES THE PURCHASE OF ELECTRIC POWER FROM SUPPLIERS, TRANSMISSION OPERATIONS AND MAINTENANCE, DISTRIBUTION OPERATIONS AND MAINTENANCE, CUSTOMER ACCOUNTING, CUSTOMER SERVICE, MARKETING, GENERAL ADMINISTRATION, AND MINOR NON-OPERATING ACTIVITIES. 12515359 PATRONAGE DIVIDENDS PAID TO MEMBERS' ACCOUNTS. SEE PART IX, LINE 4, "BENEFITS PAID TO OR FOR MEMBERS", PER IRS INSTRUCTIONS. 4265183 OPERATION, MAINTENANCE, AND CONSTRUCTION OF ELECTRIC DISTRIBUTION LINES FOR (1) THE MILITARY OCEAN TERMINAL SUNNY POINT, UNDER THE TERMS OF A LONG-TERM CONTRACT WITH THE UNITED STATES GOVERNMENT, AND (2) THE CITY OF SOUTHPORT, NC. CONSTRUCTION OF ELECTRIC TRANSMISSION AND DISTRIBUTION LINES TO SERVE MEMBERS. RECEIPTS, IN THE FORM OF CONTRIBUTIONS IN AID OF CONSTRUCTION, AND CONSTRUCTION COSTS ARE CAPITALIZED IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. FOR PURPOSES OF THE FORM 990 , CONSTRUCTION COSTS (EXPENSES) ARE CAPITALIZED, BUT CONTRIBUTIONS IN AID OF CONSTRUCTION ARE SHOWN AS REVENUE IN ACCORDANCE WITH IRS INSTRUCTIONS. EXPENSES ON FORM 990 = 0. REVENUE ON FORM 990 = 4,296,005. CAPITAL CREDITS RECEIVED FROM SUPPLIERS FOR THE FURTHERANCE OF THE DISTRIBUTION OF ELECTRICITY TO MEMBERS. EXPENSES ON FORM 990 = 36,825. REVENUE ON FORM 990 = 0 OTHER NON-OPERATING REVENUE INCLUDING INVESTMENT INCOME AND OTHER MISCELLANEOUS REVENUE TOTALING 963,363 199066094 false false false false false false false false false true false true false true true true true false false false false false false false false false true true true false false false false false false false false false false false true true false false true 122 0 true 225 true true true false false false false 193760325 6956063 false false false X 10 10 true false false false true true true true true false false true true true true true true true true false X BRUNSWICK ELECTRIC MEMBERSHIP 9107544391 P O BOX 826 SHALLOTTE NC 28459 JOSHUA WINSLOW CEO / GEN MG 60.00 5.00 X 338254 0 241603 COREY THURLOW COO 45.00 X 264496 0 69135 DAVID REEL VP TECHNOLOG 40.00 X 216903 0 98685 LEWIS SHAW VP OPER & EN 50.00 X 270313 0 37111 LISA FITZGERALD VP FINANCE 50.00 2.00 X 189506 0 78960 SCOTT THOMAS VP CORP SERV 50.00 X 204775 0 38230 JAMES T TIPPETT MGR OPERATIO 50.00 X 192133 0 35660 JOHN R COLEMAN MGR OPERATIO 50.00 X 182557 0 35356 JAMES E ETHERIDGE SUPER. DIST 50.00 X 180699 0 35024 JAMES GREEN MGR CUSTOMER 50.00 X 199193 0 15827 DANA MAULDIN DIR. CORP SA 50.00 X 178132 0 35354 JOHN E JOHNSON MGR OPERATIO 50.00 X 178050 0 35356 PAUL GORE SUPER. DIST 50.00 X 156168 0 34937 JEFFREY JACKSON MGR, INFO TE 50.00 X 154228 0 34961 JASON HAMMOND LINE SUPERVI 50.00 X 145459 0 34205 CALVIN LONG PROJ SUPERVI 50.00 X 144336 0 34727 JAMES N NANCE KEY ACCOUNTS 50.00 X 143452 0 34655 JOHN WARD VICE PRESIDE 8.00 2.00 X X 53386 1800 0 LARRY FOWLER ASST. SEC/TR 7.00 2.00 X X 50242 1800 0 DAVID GORE SECT./ TREAS 11.00 2.00 X X 50242 1800 0 FREDERICK TEDDER PRESIDENT 10.00 5.00 X X 46171 1800 0 CALVIN DUNCAN DIRECTOR 7.00 2.00 X 34467 1800 0 DAN STRICKLAND DIRECTOR 10.00 2.00 X 32221 1800 0 MOSES HERRING DIRECTOR 4.00 2.00 X 28615 1800 0 DEBORAH AHLERS DIRECTOR 7.00 2.00 X 21460 1800 0 PERRY SELLERS DIRECTOR 8.00 2.00 X 20560 1800 0 JOANN SIMMONS DIRECTOR 2.00 1.00 X 12114 0 0 GLENN HUMBERT DIRECTOR 5.00 2.00 X 10205 900 0 DON M HUGHES FORMER OFFIC X 414648 0 0 BOBBY R DAVIS FORMER OFFIC X 197504 0 0 4310489 17100 929786 69 true true false LEE ELECTRICAL CONSTRUCTION INC 12828 HIGHWAY 15-501 SOUTH ABERDEEN NC 28315 LINE CONST. 8640776 NEW SOUTH MAINTENANCE INC 837 SAVANNAH ROAD TABOR CITY NC 28643 RIGHT WAY MAINT 2518762 PIKE ELECTRIC LLC 8024 GLENWOOD AVE RALEIGH NC 27612 LINE CONST. 2138349 SUMTER UTILITIES INC 1151 N PIKE WEST SUMTER SC 29153 LINE CONST. 1862832 MUSCO CORPORATION 100 1ST AVE WEST OSKALOOSA IA 52577 LIGHTING 1127168 22 404034 404034 ELEC. SALE/DISTRIBUTION 221000 188300715 188300715 CONTRIBUTION IN AID OF CONST. 221000 4296005 4296005 SOUTHPORT O&M CONTRACT 221000 4033662 4033662 SUNNY POINT O&M CONTRACT 221000 1425948 1425948 CAPITAL CREDITS RECEIVED 221000 1222075 1222075 199278405 1092054 1092054 118087 109920 96608 21479 109920 131399 17499 3980 109920 97551 489751 -392200 -392200 -392200 INCOME FROM SUBSIDIARY 221000 632224 632224 LOAN SERVICING FEES 221000 102432 102432 COMMON COSTS ALLOCATION 221000 27859 27859 -1127 -1127 761388 201275080 199928128 133144 809774 X 257038 10000 12515359 3710995 15444666 2316241 1847353 1443174 96635 3831654 459754 7839994 19627847 COST OF POWER 115778624 ADMINISTRATIVE AND GENERA 8878230 NONOPERATING EXPENSES 4482408 DISTRIBUTION OPERATION 3959056 -3469760 199029268 0 0 0 2025 2123 12478806 38105004 28969219 27009117 3106552 3093585 9037187 9705577 8036426 5408179 575766301 220338035 343223212 355428266 10490774 1975210 2607434 50516918 47883804 467836329 489243089 22573115 27622548 213461260 220923415 3973720 3499827 47567051 49477349 287575146 301523139 X 180261183 187719950 180261183 187719950 467836329 489243089 X 2245812 5212955 X false true X true false 575766301 220338035 355428266 355428266 ASSOC. ORG. PATRONAGE CAPITAL 46076156 C CFC CAPITAL TERM CERTIFICATES 1305498 C CFC MEMBER CAPITAL CERTIFICATE 500000 C MEMBERSHIP FEES 2150 C 47883804 OTHER POSTRETIREMENT BENEFITS 28908007 DEFERRED CREDITS 12708939 CONSUMER DEPOSITS 3640517 ACCRUED ANNUAL LEAVE 2532822 ECONOMIC DEVELOPMENT GRANT 1000000 CAPITAL LEASE 686064 OTHER LIABILITIES 1000 49477349 X 196270451 4377706 4377706 191892745 9382335 9382335 201275080 181427579 181427579 17601689 17601689 199029268 SCHEDULE D, PAGE 3, PART X NOTE A TO THE FINANCIAL STATEMENTS: INCOME TAXES. THE CORPORATION HAS BEEN GRANTED EXEMPTION FROM INCOME TAX UNDER INTERNAL REVENUE SERVICE CODE SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE CORPORATION EVALUATES THE COMPONENTS OF THE ANNUAL TEST FOR COMPLIANCE TO MAINTAIN ITS FILING STATUS AS A TAX EXEMPT ENTITY. IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION (ASC) 740 FOR UNCERTAIN TAX POSITIONS, THE CORPORATION HAD DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. SCHEDULE D, PAGE 4, PART XI, LINE 2D NONCASH PATRONAGE NOT REVENUE PER IRS 4,377,706 SCHEDULE D, PAGE 4, PART XI, LINE 4B CIAC NOT REVENUE PER GAAP 4,296,005 FEMA RECLASSIFICATION 404,034 NONOPERATING ITEMS NETTED ON F/S 4,682,296 SCHEDULE D, PAGE 4, PART XII, LINE 4B FEMA RECLASSIFICATION 404,034 NONOPERATING ITEMS NETTED ON F/S 4,682,296 PATRONAGE DIV. PAID TO MEMBERS' ACCTS 12,515,359 false BRUNSWICK FAMILY ASSISTANCE PO BOX 333 SUPPLY NC 28462 561309961 40000 ELECTRIC BILLS COLUMBUS COUNTY DEPT OF AGING PO BOX 1327 WHITEVILLE NC 28472 566000289 40000 ELECTRIC BILLS COLLEGE SCHOLARSHIPS 3 10000 SCHEDULE I, PAGE 1, PART I, LINE 2 BRUNSWICK FAMILY ASSISTANCE AND COLUMBUS COUNTY DEPARTMENT OF AGING ARE GOVERNMENT AGENCIES. ANY "MONITORING" OF THE USE OF THE PROCEEDS COULD BE VIEWED AS AN INAPPROPRIATE INVASION OF THE ULTIMATE RECIPIENTS' PRIVACY; THEREFORE, BRUNSWICK EMC DOES NOT INVESTIGATE THE USE OF THESE FUNDS (THE IDENTITY OF THE ULTIMATE RECIPIENTS) ONCE THE FUNDS ARE DISBURSED TO THE GOVERNMENT AGENCIES. X X X X X false false false JOSHUA WINSLOW CEO / GEN MGR. 338254 209671 31932 579857 COREY THURLOW COO 258757 5739 57024 12111 333631 DAVID REEL VP TECHNOLOGY 212010 4893 66753 31932 315588 LEWIS SHAW VP OPER & ENG 264279 6034 5179 31932 307424 LISA FITZGERALD VP FINANCE 185326 4180 47028 31932 268466 SCOTT THOMAS VP CORP SERVICE 200095 4680 6298 31932 243005 JAMES T TIPPETT MGR OPERATIONS 187706 4427 3728 31932 227793 JOHN R COLEMAN MGR OPERATIONS 178569 3988 3424 31932 217913 JAMES E ETHERIDGE SUPER. DIST / CC 177096 3603 3092 31932 215723 JAMES GREEN MGR CUSTOMER SVC 194864 4329 3716 12111 215020 DANA MAULDIN DIR. CORP SAFETY 174141 3991 3422 31932 213486 JOHN E JOHNSON MGR OPERATIONS 174062 3988 3424 31932 213406 PAUL GORE SUPER. DIST / CC 152667 3501 3005 31932 191105 JEFFREY JACKSON MGR, INFO TECH 150699 3529 3029 31932 189189 JASON HAMMOND LINE SUPERVISOR 142811 2648 2273 31932 179664 CALVIN LONG PROJ SUPERVISOR 141080 3256 2795 31932 179063 JAMES N NANCE KEY ACCOUNTS 140280 3172 2723 31932 178107 DON M HUGHES FORMER OFFICER 414648 414648 BOBBY R DAVIS FORMER OFFICER 197504 197504 FORM 990 - ORGANIZATION'S MISSION THE MISSION OF BRUNSWICK ELECTRIC MEMBERSHIP CORPORATION IS TO PROVIDE OUR COOPERATIVE MEMBERSHIP WITH SUPERIOR ELECTRIC AND CONSUMER SERVICES THROUGH OPEN COMMUNICATION, UTILIZING A HIGHLY-TRAINED, EFFICIENT WORK FORCE IN CONJUNCTION WITH A KNOWLEDGEABLE AND WELL-INFORMED MEMBERSHIP. OUR PRIMARY GOAL IS TO DISTRIBUTE SAFE, AFFORDABLE, RELIABLE, AND ENVIRONMENTALLY RESPONSIBLE ELECTRICITY TO OUR MEMBERSHIP. FORM 990 FORM 990, PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS THIS AMOUNT REPRESENTS PATRONAGE DIVIDENDS PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE-EXISTING OBLIGATION IN SECTION 9.02 OF BRUNSWICK ELECTRIC MEMBERSHIP CORPORATION'S BY-LAWS. THE CORPORATION IS OBLIGATED TO PAY BY CREDITS TO A CAPITAL ACCOUNT FOR EACH PATRON ALL SUCH AMOUNTS IN EXCESS OF OPERATING COSTS AND EXPENSES. IRS INSTRUCTIONS FOR LINE 4 CHANGED IN 2011 TO INCLUDE PATRONAGE DIVIDENDS PAID BY SECTION 501 (C) (12) ORGANIZATIONS TO THEIR MEMBERS. ACCORDINGLY, THESE AMOUNTS ARE NOW REPORTED ON LINE 4. PART IX, LINE 17 TRAVEL PER IRS INSTRUCTIONS, THE TOTAL TRAVEL COSTS ON THIS LINE REPRESENT ALL TRANSPORTATION COSTS OF THE CORPORATION, INCLUDING THE EXPENSE OF PURCHASING, LEASING, OPERATING AND REPAIRING OVER 100 VEHICLES OWNED BY THE CORPORATION. THIS INCLUDES ALL THE LINE AND SERVICE TRUCKS USED IN THE DAILY OPERATIONS OF THE CORPORATION. THESE TRUCKS LOG APPROXIMATELY 1,000,000 MILES EACH YEAR CONSTRUCTING AND MAINTAINING THE ELECTRIC PLANT OF THE CORPORATION. FORM 990, PAGE 2, PART III, LINE 4D CONSTRUCTION OF ELECTRIC TRANSMISSION AND DISTRIBUTION LINES TO SERVE MEMBERS. RECEIPTS, IN THE FORM OF CONTRIBUTIONS IN AID OF CONSTRUCTION, AND CONSTRUCTION COSTS ARE CAPITALIZED IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. FOR PURPOSES OF THE FORM 990 , CONSTRUCTION COSTS (EXPENSES) ARE CAPITALIZED, BUT CONTRIBUTIONS IN AID OF CONSTRUCTION ARE SHOWN AS REVENUE IN ACCORDANCE WITH IRS INSTRUCTIONS. EXPENSES ON FORM 990 = 0. REVENUE ON FORM 990 = 4,296,005. CAPITAL CREDITS RECEIVED FROM SUPPLIERS FOR THE FURTHERANCE OF THE DISTRIBUTION OF ELECTRICITY TO MEMBERS. EXPENSES ON FORM 990 = 36,825. REVENUE ON FORM 990 = 0 OTHER NON-OPERATING REVENUE INCLUDING INVESTMENT INCOME AND OTHER MISCELLANEOUS REVENUE TOTALING 963,363 FORM 990, PART VI EACH DIRECTOR OF BRUNSWICK ELECTRIC MEMBERSHIP CORPORATION HAS A BUSINESS RELATIONSHIP WITH ALL OTHER DIRECTORS OF BRUNSWICK ELECTRIC MEMBERSHIP CORPORATION, IN THEIR CAPACITIES AS DIRECTORS OF RURAL CONSUMER SERVICES CORPORATION. FORM 990, PAGE 6, PART VI, LINE 6 THE CORPORATION IS AN ELECTRIC COOPERATIVE THAT DISTRIBUTES ELECTRICITY TO ITS MEMBERS. MEMBERSHIP IS AVAILABLE TO ANY INDIVIDUAL OR BUSINESS THAT DESIRES ELECTRIC SERVICE WITHIN THE CORPORATION'S ASSIGNED SERVICE TERRITORY. FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS OF THE GOVERNING BODY (THE DIRECTORS) OF THE CORPORATION ARE ELECTED BY THE GENERAL MEMBERSHIP OF THE COOPERATIVE AT THE CORPORATION'S ANNUAL MEMBERSHIP MEETING. FORM 990, PAGE 6, PART VI, LINE 7B ALL DECISIONS MADE BY THE GOVERNING BODY OF THE CORPORATION ARE RATIFIED BY THE GENERAL MEMBERSHIP OF THE COOPERATIVE AT THE CORPORATION'S ANNUAL MEMBERSHIP MEETING. FORM 990, PAGE 6, PART VI, LINE 11B PRIOR TO FILING, THE FORM 990 IS PRESENTED TO THE FULL BOARD OF DIRECTORS, AT A REGULARLY SCHEDULED MEETING, BY THE CEO AND VP OF FINANCE. THE BOARD AUTHORIZES THE CEO TO SIGN AND FILE THE RETURN. IN ADDITION, AT VARIOUS MEETINGS THROUGHOUT THE YEAR, THE BOARD RECEIVES TRAINING REGARDING THE ELEMENTS OF THE FORM 990 BY THE CORPORATION'S TAX CONSULTANT AND SPECIAL OUTSIDE LEGAL COUNSEL. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS AT THE BEGINNING OF EACH REGULARLY SCHEDULED MONTHLY MEETING OF THE BOARD OF DIRECTORS. IN ADDITION, OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO SIGN AN ANNUAL STATEMENT DISCLOSING ANY SUCH INTERESTS. FORM 990, PAGE 6, PART VI, LINE 15A CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS OF THE CORPORATION AFTER (1) REVIEW BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, (2) COMPARISONS WITH COMPENSATION SURVEYS, (3) CONSULTATION WITH OUTSIDE PROFESSIONALS, AND (4) REVIEW OF ANY OTHER PERTINENT DATA. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE CEO AFTER (1) CONSULTATION WITH THE DIRECTOR OF HUMAN RESOURCES, (2) COMPARISONS WITH COMPENSATION SURVEYS, (3) CONSULTATION WITH OUTSIDE PROFESSIONALS, AND (4)REVIEW OF OTHER PERTINENT DATA. FORM 990, PAGE 6, PART VI, LINE 19 ALL GOVERNING DOCUMENTS AND POLICIES (INCLUDING THE CONFLICT OF INTEREST POLICY) ARE AVAILABLE AT THE CORPORATE OFFICES, UPON REQUEST, IN ACCORDANCE WITH STATE AND FEDERAL STATUTES. SUMMARY FINANCIAL STATEMENTS ARE PROVIDED FREE OF CHARGE TO MEMBERS AT THE ANNUAL MEMBERSHIP MEETING. COMPLETE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST, EITHER PAPER OR ELECTRONIC, WITHOUT CHARGE. THE FORM 990 IS AVAILABLE UPON REQUEST, PAPER OR ELECTRONIC, WITHOUT CHARGE. THE FORM 990 IS ALSO AVAILABLE ON-LINE AT "GUIDESTAR.COM", FREE OF CHARGE. FORM 990, PART XI, LINE 9 NONCASH PATRONAGE CAPITAL ALLOCATIONS 4,377,706 PATRONAGE DIV. PAID TO MEMBERS 12,515,359 CIAC NOT REVENUE PER GAAP -4,296,005 RETIREMENT OF CAPITAL CREDITS -6,657,231 OTHER COMPREHENSIVE LOSS -726,874 TOTAL 5,212,955 RURAL CONSUMER SERVICES CORP PO BOX 826 SHALLOTTE NC 28459 561553250 ECON DEVLP NC 501 C 4 BRUNSWICK EMC true SENC ENERGY LLC PO BOX 826 SHALLOTTE NC 28459 474149471 ENERGY NC BRUNSWICK EMC C CORP -69017 1239390 1.00000 true false false false false false false false false false true false false false true true false true false false RURAL CONSUMER SERVICES CORPORATION J 100588 FULLY DIST COST RURAL CONSUMER SERVICES CORPORATION O 32922 FULLY DIST COST RURAL CONSUMER SERVICES CORPORATION Q 102432 FULLY DIST COST SENC ENERGY LLC N 1261 FULLY DIST COST SENC ENERGY LLC O 8661 FULLY DIST COST