AIKEN ELECTRIC COOPERATIVE INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- AIKEN ELECTRIC COOPERATIVE INC (EIN 57-0113065)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-10-31
- IRS object ID
- 202233049349300738
- 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 | 2022-10-31T11:15:27-04:00 | 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 | 570113065 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AIKEN ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | AIKE | BusinessNameControlTxt |
| Phone | 8036496245 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 417 | AddressLine1Txt |
| City | AIKEN | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29802 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GARY L STOOKSBURY | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 8038618300 | PhoneNum |
| Signature | 2022-10-31 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | GARY | PersonFirstNm |
| Person Last | STOOKSBURY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | H TERRELL MCMICHAEL JR | PreparerPersonNm |
| PTIN | P01259982 | PTIN |
| Phone | 4787466277 | PhoneNum |
| Preparation | 2022-10-31 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ATTN APRIL COLLINS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | GARY L STOOKSBURY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 417 | AddressLine1Txt |
| City | AIKEN | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29802 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $117,100,131 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.AIKENCO-OP.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | SC | LegalDomicileStateCd |
| Activity Or Mission | AIKEN ELECTRIC COOPERATIVE, INC. WILL STRIVE TO PROVIDE RELIABLE, COMPETITIVELY PRICED ENERGY AND OTHER SERVICES THAT ARE DESIRED BY THE MEMBERSHIP. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 164 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $111,827,384 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $113,393,876 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,575,638 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,903,745 | CYInvestmentIncomeAmt |
| CY Other Revenue | -$197,490 | CYOtherRevenueAmt |
| PY Total Revenue | $115,403,022 | PYTotalRevenueAmt |
| CY Total Revenue | $117,100,131 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $6,041,037 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $6,476,636 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $765,252 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $862,569 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $108,596,733 | PYOtherExpensesAmt |
| CY Other Expenses | $109,958,416 | CYOtherExpensesAmt |
| PY Total Expenses | $115,403,022 | PYTotalExpensesAmt |
| CY Total Expenses | $117,297,621 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | -$197,490 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $295,549,638 | TotalAssetsBOYAmt |
| Total Assets EOY | $337,192,184 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $167,618,141 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $196,115,458 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $127,931,497 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $141,076,726 | NetAssetsOrFundBalancesEOYAmt |
| Mission | AIKEN ELECTRIC COOPERATIVE, INC. WILL STRIVE TO PROVIDE RELIABLE, COMPETITIVELY PRICED ENERGY AND OTHER SERVICES THAT ARE DESIRED BY THE MEMBERSHIP. | 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 | Yes (true) | 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 | false | 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 | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 50 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 164 | 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 | $111,899,234 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $4,035,030 | 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 |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | APRIL COLLINS | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8036496245 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2790 WAGENER ROAD | AddressLine1Txt |
| City | AIKEN | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29802 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| OTIS DEWITT LIVINGSTON | |||||||||
| PRESIDENT | 8.00 | 1.00 | Yes (X) | Yes (X) | $21,095 | $1,500 | $0 | ||
| ROBERT CURRY | |||||||||
| VICE PRESIDE | 9.00 | 1.00 | Yes (X) | Yes (X) | $25,199 | $1,500 | $0 | ||
| LINDA BRAMLETT | |||||||||
| SECRETARY/TR | 8.00 | 1.00 | Yes (X) | Yes (X) | $14,884 | $1,500 | $0 | ||
| CHARLES SANDERS JR | |||||||||
| ASSISTANT SE | 5.00 | 1.00 | Yes (X) | Yes (X) | $17,977 | $1,500 | $0 | ||
| J STROM THURMOND JR | |||||||||
| TRUSTEE | 3.00 | 1.00 | Yes (X) | $14,770 | $1,550 | $0 | |||
| O FRANK DORN | |||||||||
| TRUSTEE | 9.00 | 1.00 | Yes (X) | $33,202 | $1,500 | $0 | |||
| VINCENT FURTICK JR | |||||||||
| TRUSTEE | 3.00 | 1.00 | Yes (X) | $43,393 | $1,500 | $0 | |||
| DANA MOSELEY | |||||||||
| TRUSTEE | 9.00 | 1.00 | Yes (X) | $18,578 | $1,500 | $0 | |||
| JAMES E STEWART JR | |||||||||
| TRUSTEE | 7.00 | 1.00 | Yes (X) | $23,567 | $1,500 | $0 | |||
| SCOTT RIDDLE | |||||||||
| TRUSTEE | 4.00 | 1.00 | Yes (X) | $40,360 | $1,500 | $0 | |||
| THEO R WILLIAMS | |||||||||
| FORMER TRUST | 0.00 | $10,467 | $0 | $0 | Yes (X) | ||||
| WAYNE FURTICK | |||||||||
| FORMER TRUST | 0.00 | $10,812 | $0 | $0 | Yes (X) | ||||
| GARY L STOOKSBURY | |||||||||
| CEO | 50.00 | Yes (X) | $574,107 | $0 | $35,437 | ||||
| DAN GARMAN | |||||||||
| VP ENGINEERI | 55.00 | $208,426 | $0 | $179,256 | Yes (X) | ||||
| WILLIAM INMAN | |||||||||
| VP STRATEGIC | 45.00 | $176,583 | $0 | $97,788 | Yes (X) | ||||
| APRIL COLLINS | |||||||||
| VP FINANCE A | 45.00 | $134,749 | $0 | $119,282 | Yes (X) | ||||
| NICHOLAS STOKER | |||||||||
| SR. SUBSTATI | 54.00 | $132,735 | $0 | $63,768 | Yes (X) | ||||
| LAURIE GLENN | |||||||||
| VP HR | 50.00 | $132,531 | $0 | $132,922 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,633,435 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $15,050 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $628,453 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 22 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | 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 |
|---|---|---|---|---|---|
| MCCALL THOMAS ENGINEERING | |||||
| PO BOX 670 | ORANGEBURG | SC | 29116 | CONT/CONSULTING | $9,238,477 |
| THE DAVEY TREE EXPERT CO | |||||
| 6925 GILLELAND LN NW | ATLANTA | GA | 30360 | ROW | $1,456,115 |
| LEE ELECTRICAL CONSTRUCTION INC | |||||
| PO BOX 55 | ABERDEEN | NC | 28315 | CONTRACTOR | $1,416,859 |
| LEWIS TREE SERVICE INC | |||||
| PO BOX 731897 | DALLAS | TX | 75373 | ROW | $1,236,284 |
| RIGHT WAY TREE EXPERTS LLC | |||||
| P O BOX 191 | SUMMERTON | SC | 29148 | ROW | $598,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 11 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| ELECTRIC REVENUE | 221000 | $111,899,234 | $111,899,234 | |
| OTHER CAPITAL CREDITS | 221000 | $1,304,934 | $1,304,934 | |
| POLE RENTAL | 221000 | $189,708 | $189,708 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $113,393,876 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,903,745 | TotalRevenueColumnAmt |
| Exclusion | $3,903,745 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | EQUITY IN EARNINGS OF AECONNE | Desc |
| Total Revenue Column | -$197,490 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$197,490 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$197,490 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $117,100,131 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $113,006,678 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $4,093,453 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,476,636 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $862,569 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,830,004 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,465,284 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $69,630,798 |
| DISTRIBUTION MAINTENANCE | $8,299,144 |
| DISTRIBUTION OPERATIONS | $7,631,922 |
| ADMIN. & GENERAL EXP. | $5,140,063 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,961,201 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $117,297,621 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,871,363 | BOYAmt |
| EOY | $945,878 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,224,312 | BOYAmt |
| EOY | $10,849,342 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,112,895 | BOYAmt |
| EOY | $12,126,894 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,910,718 | BOYAmt |
| EOY | $593,873 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $344,325,229 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $106,093,843 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $219,776,920 | BOYAmt |
| EOY | $238,231,386 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,637,830 | BOYAmt |
| EOY | $58,965,202 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,600 | BOYAmt |
| EOY | $15,479,609 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $295,549,638 | BOYAmt |
| EOY | $337,192,184 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,529,218 | BOYAmt |
| EOY | $17,401,069 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $140,978,703 | BOYAmt |
| EOY | $173,684,443 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$889,780 | BOYAmt |
| EOY | $5,029,946 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $167,618,141 | BOYAmt |
| EOY | $196,115,458 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $370,677 | BOYAmt |
| EOY | $380,696 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,560,820 | BOYAmt |
| EOY | $140,696,030 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $127,931,497 | BOYAmt |
| EOY | $141,076,726 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $295,549,638 | BOYAmt |
| EOY | $337,192,184 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$197,490 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $13,342,719 | 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 C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $1,750 | PoliticalExpendituresAmt |
| Form1120 POL Filed | Yes (true) | Form1120POLFiledInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE C, PART IV | FormAndLineReferenceDesc |
| Explanation | MCMASTER FOR GOVERNOR - 1,750 | ExplanationTxt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,268,408 | OtherCostOrOtherBasisAmt |
| Book Value | $1,268,408 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $343,056,821 | OtherCostOrOtherBasisAmt |
| Depreciation | $106,093,843 | DepreciationAmt |
| Book Value | $236,962,978 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $238,231,386 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| HOMESTEAD FUNDS | $47,732,199 | F |
| ASSOCIATED ORGANIZATIONS | $10,115,913 | C |
| CFC MEMBER CAPITAL SECURITIES | $1,306,694 | F |
| OTHER | -$189,604 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $58,965,202 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| CONSUMER DEPOSITS | $4,100,546 |
| DEFERRED COMPENSATION | $929,400 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,029,946 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 4, PART XIII | FormAndLineReferenceDesc |
| Explanation | AIKEN ECI'S FISCAL YEAR END IS MAY 31ST. AIKEN ECI'S FINANCIAL STATEMENTS WERE AUDITED AT MAY 31ST, 2022 AND 2021. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt |
|---|---|---|---|---|---|---|
| THEO R WILLIAMS | ||||||
| FORMER TRUSTEE | $10,467 | $10,467 | ||||
| WAYNE FURTICK | ||||||
| FORMER TRUSTEE | $10,812 | $10,812 | ||||
| GARY L STOOKSBURY | ||||||
| CEO | $375,231 | $609,544 | $3,200 | $195,676 | $11,600 | $23,837 |
| DAN GARMAN | ||||||
| VP ENGINEERING | $190,413 | $387,682 | $3,200 | $14,813 | $155,419 | $23,837 |
| WILLIAM INMAN | ||||||
| VP STRATEGIC SERVICE | $159,194 | $274,371 | $3,200 | $14,189 | $73,951 | $23,837 |
| APRIL COLLINS | ||||||
| VP FINANCE AND TECH | $130,928 | $254,031 | $3,200 | $621 | $95,445 | $23,837 |
| NICHOLAS STOKER | ||||||
| SR. SUBSTATION TECH | $128,696 | $196,503 | $3,700 | $339 | $39,931 | $23,837 |
| LAURIE GLENN | ||||||
| VP HR | $128,462 | $265,453 | $3,200 | $869 | $122,846 | $10,076 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE J, PAGE 1, PART I, LINE 4 | GARY L. STOOKSBURY 0 170,981 0 |
| SCHEDULE J, PART III | THE AMOUNTS REPORTED IN THIS COLUMN INCLUDE AMOUNTS PAID OUT UNDER A NON- QUALIFIED DEFERRED COMPENSATION PLAN (NQDC PLAN). THE PURPOSE OF THE PLAN IS TO MAKE WHOLE CERTAIN MEMBERS OF MANAGEMENT WHOSE ACCRUED BENEFIT UNDER THE NRECA R&S PENSION PLAN WAS LIMITED BY THE INTERNAL REVENUE CODE. DISTRIBUTIONS FROM THE NQDC PLAN ARE PROCESSED THROUGH THE CORPORATION'S PAYROLL SYSTEM AND INCLUDED IN REPORTABLE COMPENSATION. A CREDIT IS RECEIVED FROM NRECA FOR AMOUNTS THE CORPORATION PAID TO PARTICIPANT. |
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 990 IS REVIEWED BY THE BOARD AS PROVIDED FOR IN THE COOPRATIVE'S POLICY WHICH IS INCLUDED AS PART OF THIS RETURN. |
| 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 | COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 15B | COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED AS PROVIDED IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18. |
| FORM 990, PART VII | SOUTH CAROLINA STATE LAW (SECTION 33-49-615) REQUIRES SOUTH CAROLINA ELECTRIC COOPERATIVES TO MAKE SPECIFIC COMPENSATION DISCLOSURES AVAILABLE TO THE PUBLIC. THESE DISCLOSURES ARE IN EXCESS OF THE COMPENSATION DISCLOSURES REQUIRED BY FORM 990. THE CORPORATION WILL MAKE THE DISCLOSURES REQUIRED BY STATE LAW AVAILABLE TO THE PUBLIC ON OR BEFORE MAY 15, 2022. |
| FORM 990, PART XI, LINE 9 | DONATED CAPITAL 1,380,265 OTHER COMPREHENSIVE INCOME 7,332,380 BENEFITS PAID TO MEMBER CAPITAL ACCOUNTS 6,477,092 WPCA OVER/UNDER RECOVERY 2,500,000 CHANGE IN MEMBERSHIPS 10,019 CAPITAL CREDIT GAINS -167,575 CAPITAL CREDITS - RETIRED -4,189,462 TOTAL 13,342,719 |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AECONNECT INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 417 | AddressLine1Txt |
| City | AIKEN | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29802 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 853746466 | EIN |
| Primary Activities | BROADBAND | PrimaryActivitiesTxt |
| Legal Domicile State | SC | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (3 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| AECONNECT INC | ||
| D | $1,000,000 | COST |
| AECONNECTINC | ||
| O | $112,334 | COST |
| AECONNECT INC | ||
| Q | $138,782 | COST |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R | FormAndLineReferenceDesc |
| Explanation | AECONNECT, INC. IS A WHOLLY OWNED SUBSIDIARY OF AIKEN ECI. AECONNECT, INC. IS A PROVIDER OF RETAIL BROADBAND SERVICES. ALLOCATED COSTS BETWEEN AIKEN ECI AND AECONNECT, INC. HAVE BEEN REPORTED IN ACCORDANCE WITH THE BOARD APPROVED COSTS ALLOCATION POLICIES. AIKEN ECI REPORTS SHARED PAID EMPLOYEES AND HAS MADE ALL REQUIRED PAYROLL FILINGS FOR THE TAX YEAR COVERED BY THIS RETURN. | ExplanationTxt |