STRATEGY STUDIO / PUBLIC DATA EXPLORER

LUMBEE RIVER ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
LUMBEE RIVER ELECTRIC MEMBERSHIP CORPORATION (EIN 56-0305124)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-15
IRS object ID
202203199349314210
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

FieldValueIRS element (for citing)
Return2022-11-15T14:01:13-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN541320089PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ADAMS JENKINS & CHEATHAMBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1231 WYLDEROSE DRAddressLine1Txt
CityMIDLOTHIANCityNm
State AbbreviationVAStateAbbreviationCd
ZIP23113ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN560305124EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1LUMBEE RIVER ELEC MEMBERSHIP CORPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLUMBBusinessNameControlTxt
Phone9108434131PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16090 NC HIGHWAY 711AddressLine1Txt
CityPEMBROKECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28372ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRANDALL JONESPersonNm
Person TitleINTERIM PRES & CEOPersonTitleTxt
Phone9108434131PhoneNum
Signature2022-11-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstRANDALLPersonFirstNm
Person LastJONESPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonG STEVEN GILLIAM CPAPreparerPersonNm
PTINP00348264PTIN
Phone8043231313PhoneNum
Preparation2022-11-10PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRANDALL JONESPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line16090 NC HIGHWAY 711AddressLine1Txt
CityPEMBROKECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28372ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$157,095,989GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.LUMBEERIVER.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1940FormationYr
Legal Domicile StateNCLegalDomicileStateCd
Activity Or MissionSAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF LREMC.ActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee123TotalEmployeeCnt
Total Gross UBI$1,088,954TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$29,288NetUnrelatedBusTxblIncmAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$149,344,091PYProgramServiceRevenueAmt
CY Program Service Revenue$154,841,217CYProgramServiceRevenueAmt
PY Investment Income$1,590,645PYInvestmentIncomeAmt
CY Investment Income$734,880CYInvestmentIncomeAmt
PY Other Revenue$620,753PYOtherRevenueAmt
CY Other Revenue$1,471,012CYOtherRevenueAmt
PY Total Revenue$151,555,489PYTotalRevenueAmt
CY Total Revenue$157,047,109CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$11,971,993PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$14,268,098CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$13,720,895PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$14,411,120CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$128,992,828PYOtherExpensesAmt
CY Other Expenses$127,700,968CYOtherExpensesAmt
PY Total Expenses$154,685,716PYTotalExpensesAmt
CY Total Expenses$156,380,186CYTotalExpensesAmt
PY Revenues Less Expenses-$3,130,227PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$666,923CYRevenuesLessExpensesAmt
Total Assets BOY$362,048,931TotalAssetsBOYAmt
Total Assets EOY$379,137,128TotalAssetsEOYAmt
Total Liabilities BOY$204,715,158TotalLiabilitiesBOYAmt
Total Liabilities EOY$216,449,771TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$157,333,773NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$162,687,357NetAssetsOrFundBalancesEOYAmt
MissionSAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF LREMC.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescSAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF LREMC. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES, WERE AS FOLLOWS: COST OF POWER: 100,626,812 BENEFITS PAID TO MEMBERS: 14,268,098 DEPRECIATION: 12,520,606Desc
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstYes (true)ReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document87IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee123EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Members And Shr Gross Income$149,291,892MembersAndShrGrossIncomeAmt
Other Sources Gross Income$6,426,023OtherSourcesGrossIncomeAmt
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members13GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesfalseMinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VentureYes (true)InvestmentInJointVentureInd
Written Policy Or ProcedurefalseWrittenPolicyOrProcedureInd
Upon RequestYes (X)UponRequestInd
OtherYes (X)OtherInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonLEA HEWETTPersonNm
Phone9108434131PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16090 NC HIGHWAY 711AddressLine1Txt
CityPEMBROKECityNm
State AbbreviationNCStateAbbreviationCd
ZIP28372ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt
SHAWN HUNT
FORMERPRESID40.00Yes (X)$946,655$0$15,346
WILLIAM DOCKERY
GENERAL FORE60.00$154,198$0$96,874Yes (X)
TINA JONES
DIR OF LOGIS40.00$122,002$0$62,849Yes (X)
CYNTHIA STILES
VP OF HR40.00$122,604$0$57,401Yes (X)
WALTER WHITE
VP OF CORP S40.00$142,411$0$36,823Yes (X)
LEA HEWETT
FORMER VP OF40.00Yes (X)$156,815$0$16,765
CHRIS LOCKLEAR
VP ENG & OPE40.00$123,049$0$11,875Yes (X)
RANDALL JONES
INTERIM PRES40.00Yes (X)$19,712$0$10,666
SPENCER LOCKLEAR
DIRECTOR3.00$19,500$0$0Yes (X)
ANTHONY HUNT
TREASURER3.00Yes (X)$18,300$0$0Yes (X)1.00
SILVA CHAVIS
DIRECTOR3.00$17,100$0$0Yes (X)
SHERRY CARTER
DIRECTOR3.00$16,700$0$0Yes (X)
RORY C EDDINGS
CHAIRMAN2.00Yes (X)$15,900$0$0Yes (X)1.00
AUTRY LOWRY
DIRECTOR2.00$15,900$0$0Yes (X)
RONALD G HAMMONDS
SECRETARY2.00Yes (X)$15,800$0$0Yes (X)1.00
JAMES HARDIN
DIRECTOR2.00$15,600$0$0Yes (X)
ERIC LOCKLEAR
DIRECTOR2.00$15,600$0$0Yes (X)
MADIE RAE LOCKLEAR
VICE CHAIRMA2.00Yes (X)$14,400$0$0Yes (X)1.00
ROGER OXENDINE
DIRECTOR2.00$14,100$0$0Yes (X)
KIRK LOWERY
DIRECTOR1.00$4,300$0$0Yes (X)
RHONDA M GOINS-DIAL
DIRECTOR1.00$4,000$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,974,646TotalReportableCompFromOrgAmt
Total Other Compensation$308,599TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K20IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
EAST COAST ELECTRICAL
3688 UNION CHAPEL RDPEMBROKENC28372CONSTRUCTION$3,416,141
XYLEM INC
208 E PLUME STREET STE 250NORFOLKVA23510TREE TRIMMING$2,165,508
LEE ELECTRICAL CONSTRUCTION
PO BOX 55ABERDEENNC28315CONSTRUCTION$1,241,497
DIRECTIONAL SERVICES INC
PO BOX 385HOPE MILLSNC28348ELECTRICAL$1,209,805
ERVIN CABLE CONSTRUCTION
PO BOX 932157ATLANTAGA31193FIBER CONST.$850,370
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K13CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
SALE OF ELECTRICITY221000$149,291,892$149,291,892
CONTRIB IN AID OF CONSTR.221000$4,985,487$4,985,487
PATRONAGE CAPITAL REC.221000$563,838$563,838
FieldValueIRS element (for citing)
Total Program Service Revenue$154,841,217TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$734,880TotalRevenueColumnAmt
Exclusion$734,880ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Personal$115,465PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Personal$625PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Personal$114,840PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$114,840TotalRevenueColumnAmt
Unrelated Business Revenue$32,988UnrelatedBusinessRevenueAmt
Exclusion$81,852ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$33,111OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$33,111OtherAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$4,000GrossSalesOfInventoryAmt
Cost Of Goods Sold$15,144CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column-$11,144TotalRevenueColumnAmt
Unrelated Business Revenue-$11,144UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ADMIN. SERVICES221000$1,067,110$1,067,110
EQUITY EARNINGS (LOSS) SUBSID221000$229,112$229,112
HOME WARRANTY WIRING221000$71,094$71,094
FieldValueIRS element (for citing)
Other Revenue Total$1,367,316OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$157,047,109TotalRevenueColumnAmt
Related Or Exempt Func Income$155,141,423RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$1,088,954UnrelatedBusinessRevenueAmt
Exclusion$816,732ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$14,268,098TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,353,159TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$9,339,965TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$1,836,956TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$991,672TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$889,368TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$317,436TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,247,728TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$132,867TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$4,610,362TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$12,520,606TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
COST OF POWER$100,626,812
ADMIN AND GENERAL$5,495,680
DISTRIBUTION MAINTENANCE$3,525,485
TAXES$2,006,312

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total-$2,782,320TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$156,380,186TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$27,959,245BOYAmt
EOY$34,065,958EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$100,000BOYAmt
EOY$100,000EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$14,818,910BOYAmt
EOY$15,494,096EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$4,764,539BOYAmt
EOY$3,595,402EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$4,135,296BOYAmt
EOY$5,090,870EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$226,157BOYAmt
EOY$218,994EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$391,419,510LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$122,936,731LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$266,129,529BOYAmt
EOY$268,482,779EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$8,777,527BOYAmt
EOY$13,200,505EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$34,298,830BOYAmt
EOY$38,028,164EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$838,898BOYAmt
EOY$860,360EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$362,048,931BOYAmt
EOY$379,137,128EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$15,498,794BOYAmt
EOY$13,699,850EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$155,682,122BOYAmt
EOY$173,800,372EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$33,534,242BOYAmt
EOY$28,949,549EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$204,715,158BOYAmt
EOY$216,449,771EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$157,333,773BOYAmt
EOY$162,687,357EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$157,333,773BOYAmt
EOY$162,687,357EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$362,048,931BOYAmt
EOY$379,137,128EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$666,923ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$4,686,661OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$391,419,510OtherCostOrOtherBasisAmt
Depreciation$122,936,731DepreciationAmt
Book Value$268,482,779BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$268,482,779TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (4 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
PATRONAGE CAPITAL IN ASSOC. ORGS.$36,648,174F
CFC CAPITAL TERM CERTIFICATES$1,126,045F
CFC MEMBER CAPITAL CERTIFICATE$250,000F
OTHER$3,945F
FieldValueIRS element (for citing)
Total Book Value Program Rltd$38,028,164TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
OTHER POST RETIREMENT BENEFITS$12,928,289
DEFERRED CREDITS$11,809,822
CONSUMER DEPOSITS$3,351,078
OTHER$860,360
FieldValueIRS element (for citing)
Total Liability$28,949,549TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PAGE 3, PART XFormAndLineReferenceDesc
ExplanationTHE COOPERATIVE FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ASC 740. THE COOPERATIVE HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentYes (true)SeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtBonus Filing OrganizationBonusFilingOrganizationAmountOther Compensation Filing OrgOtherCompensationFilingOrgAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmt
SHAWN HUNT
FORMERPRESIDENT &CEO$238,081$3,300$705,274$6,972$8,374$962,001
WILLIAM DOCKERY
GENERAL FOREMAN$144,650$6,193$3,355$85,515$11,359$251,072
TINA JONES
DIR OF LOGISTICS$112,432$5,274$4,296$54,901$7,948$184,851
CYNTHIA STILES
VP OF HR$115,468$4,817$2,319$45,109$12,292$180,005
WALTER WHITE
VP OF CORP SVCS$130,141$6,989$5,281$24,464$12,359$179,234
LEA HEWETT
FORMER VP OF FINANCE$144,438$7,274$5,103$4,448$12,317$173,580

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE J, PAGE 1, PART I, LINE 4FormAndLineReferenceDesc
ExplanationCHRIS LOCKLEAR 24,344 0 0ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (13 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990FORM 990, PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS PATRONAGE DIVIDENDS PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE- EXISTING OBLIGATION IN LUMBEE RIVER 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.
FORM 990, PAGE 6, PART VI, LINE 6LUMBEE RIVER 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 IS THE GOVERNING BODY OF THE COOPERATIVE.
FORM 990, PAGE 6, PART VI, LINE 7AALL MEMBERS OF LUMBEE RIVER EMC ARE ENTITLED TO ONE VOTE WITH RESPECT TO ELECTING THE GOVERNING BOARD OF DIRECTORS. THERE ARE 13 DIRECTORS THAT ARE ELECTED EVERY 3 YEARS.
FORM 990, PAGE 6, PART VI, LINE 7BCERTAIN 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 8BCOMMITTEE MAINTAINS DOCUMENTATION OF MEETINS AND ACTIONS.
FORM 990, PAGE 6, PART VI, LINE 11BNO REVIEW WAS OR WILL BE CONDUCTED.
FORM 990, PAGE 6, PART VI, LINE 12CCONFLICTS 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.
FORM 990, PAGE 6, PART VI, LINE 15ATHE EXECUTIVE COMMITTEE WILL REVIEW THE COMPARABLE DATA (NRECA NATIONAL COMPENSATION SURVEY FOR RURAL ELECTRIC SYSTEMS) AND DETERMINE THE COMPENSATION FOR THE CEO FOLLOWING A REVIEW DONE IN JANUARY OF EACH YEAR. COMPENSATION OF OTHER OFFICERS OF THE ORGANIZATION IS REVIEWED EACH JULY. AFTER CAREFUL CONSIDERATION OF LABOR MARKET INFORMATION, PRICE INDEX FOR THE PRECEDING 12-MONTH PERIOD, AND AN ASSESSMENT OF GENERAL ECONOMIC CONDITIONS DIRECTLY AFFECTING THE COOPERATIVE AND ITS ABILITY TO PAY ITS EMPLOYEES, THE BOARD OF DIRECTORS, UPON RECOMMENDATION OF THE CEO, SHALL MAKE A DETERMINATION OF THE PLAN ADJUSTMENT TO BE APPLIED TO THE PAY RATE OF EACH EMPLOYEE.
FORM 990, PAGE 6, PART VI, LINE 15BTHE ORGANIZATION HAS DEVELOPED A PERFORMANCE MATRIX THAT TAKES INTO ACCOUNT EMPLOYEE PERFORMANCE AND HOW CLOSE THE EMPLOYEE IS TO THE TOP OF THEIR PAY RANGE BASED ON THEIR JOB TITLE, EXPERIENCE AND PERFORMANCE. COMPENSATION ADJUSTMENTS ARE BASED ON WHERE THE INDIVIDUAL FALLS WITHIN THE PERFORMANCE MATRIX.
FORM 990, PAGE 6, PART VI, LINE 18THE ANNUAL REPORT IS POSTED ON THE ORGANIZATIONS WEBSITE. FINANCIAL INFORMATION IS ALSO PRINTED IN THE NOVEMBER ISSUE OF THE CAROLINA COUNTRY MAGAZINE AND EMPLOYEE NEWSLETTER THAT IS MAILED TO ALL MEMBERS. OTHER GOVERNING DOCUMENTS INCLUDING THE FORM 990 ARE AVAILABLE UPON REQUEST.
FORM 990, PAGE 6, PART VI, LINE 19NO DOCUMENTS AVAILABLE TO THE PUBLIC
FORM 990, PART VIIPART VII SECTION A COLUMN F THE CORPORATION PARTICIPATES IN THE NRECA GROUP DEFINED PENSION PLAN. AS PART OF THIS PLAN, PARTICIPANTS ARE REQUIRED TO RECOGNIZE THE ACTUARIAL INCREASE IN THE VALUE OF THEIR ACCOUNT ON THE FORM 990. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE PLAN IS THE SAME FOR ALL INDIVIDUALS IN THE PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE WITH ALL OTHER THINGS BEING EQUAL.
FORM 990, PART XI, LINE 9NET INCREASE IN MEMBERSHIPS 8,480 BENEFITS PAID TO MEMBERS NOT EXP PER GAAP 14,268,098 CASH PATRONAGE RECEIVED NOT REV PER GAAP 3,729,334 BOOK TAX DIFFERENCE ON EQUITY INVESTMENTS 1,047,546 OTHER COMPREHENSIVE INCOME 2,212,434 NET RETIREMENT OF CAPITAL CREDITS -11,593,744 CIAC NOT REVENUE PER GAAP -4,985,487 TOTAL 4,686,661

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1LREMC TECHNOLOGIES LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 830AddressLine1Txt
CityRED SPRINGSCityNm
State AbbreviationNCStateAbbreviationCd
ZIP28377ZIPCd
FieldValueIRS element (for citing)
EIN464244373EIN
Primary ActivitiesTELECOMPrimaryActivitiesTxt
Legal Domicile StateNCLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1C CORPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeC CORPEntityTypeTxt
Share Of Total Income-$456,031ShareOfTotalIncomeAmt
Share Of EOY Assets$4,363,445ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled OrganizationYes (true)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsYes (true)ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (true)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
LREMC TECHNOLOGIES LLC
A$41,364FULLY DIST COST
LREMC TECHNOLOGIES LLC
O$187,439FULLY DIST COST
LREMC TECHNOLOGIES LLC
Q$838,307FULLY DIST COST