HORRY ELECTRIC COOPERATIVE INC: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- HORRY ELECTRIC COOPERATIVE INC (EIN 57-0184136)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-04-27
- IRS object ID
- 202101179349300005
- Schema version
- 2020v4.0
- 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 | 2021-04-27T07:06:03-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | 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 | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 570184136 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HORRY ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HORR | BusinessNameControlTxt |
| Phone | 8433692211 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 119 | AddressLine1Txt |
| City | CONWAY | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29528 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DANIEL B SHELLEY | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 8433696353 | PhoneNum |
| Signature | 2021-04-26 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DANIEL B | PersonFirstNm |
| Person Last | SHELLY | 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 | 2021-04-27 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DANIEL B SHELLEY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 119 | AddressLine1Txt |
| City | CONWAY | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29528 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $170,342,849 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1940 | FormationYr |
| Legal Domicile State | SC | LegalDomicileStateCd |
| Activity Or Mission | HORRY ELECTRIC COOPERATIVE, INC. IS A NON-PROFIT, MEMBER-OWNED ORGANIZATION PROVIDING INFORMATION AND ENERGY-RELATED SERVICES ON A FAIR AND EQUITABLE BASIS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 178 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $169,176,893 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $167,513,773 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,651,812 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,691,935 | CYInvestmentIncomeAmt |
| CY Other Revenue | $137,141 | CYOtherRevenueAmt |
| PY Total Revenue | $173,828,705 | PYTotalRevenueAmt |
| CY Total Revenue | $170,342,849 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $22,289,917 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $21,916,452 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,223,367 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $601,500 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $150,315,421 | PYOtherExpensesAmt |
| CY Other Expenses | $147,824,897 | CYOtherExpensesAmt |
| PY Total Expenses | $173,828,705 | PYTotalExpensesAmt |
| CY Total Expenses | $170,342,849 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $335,498,328 | TotalAssetsBOYAmt |
| Total Assets EOY | $365,534,006 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $166,381,219 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $173,038,739 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $169,117,109 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $192,495,267 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | HORRY ELECTRIC COOPERATIVE, INC. IS A NON-PROFIT, MEMBER-OWNED ORGANIZATION PROVIDING INFORMATION AND ENERGY-RELATED SERVICES ON A FAIR AND EQUITABLE BASIS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | N/A | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | HORRY ELECTRIC COOPERATIVE, INC. IS A NON-PROFIT, MEMBER-OWNED ORGANIZATION PROVIDING INFORMATION AND ENERGY-RELATED SERVICES ON A FAIR AND EQUITABLE BASIS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | 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 | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | 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 | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 67 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 178 | 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 | $165,842,173 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $3,809,132 | 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 | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KISHA ROBERTS | PersonNm |
| Phone | 8433692211 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2774 CULTRA ROAD | AddressLine1Txt |
| City | CONWAY | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29526 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|---|
| JAMES P HOWLE | |||||||||
| FORMER CEO | Yes (X) | $456,394 | $0 | $0 | |||||
| DANIEL B SHELLEY | |||||||||
| CEO | $295,683 | $0 | $131,652 | 50.00 | 4.00 | Yes (X) | |||
| JOHNNY R COOPER | |||||||||
| MANAGER-ENGI | $187,292 | $0 | $98,052 | 50.00 | Yes (X) | ||||
| CHRISTOPHER TEEMS | |||||||||
| MGR-SPECIAL | $159,756 | $0 | $87,710 | 50.00 | Yes (X) | ||||
| KEVIN JORDAN | |||||||||
| SUPVR ENGINE | $148,562 | $0 | $84,199 | 50.00 | Yes (X) | ||||
| JODI L JORDAN | |||||||||
| OFFICE MANAG | $147,491 | $0 | $84,616 | 50.00 | Yes (X) | ||||
| BURROUGHS W NOBLES | |||||||||
| MANAGER OF O | $146,714 | $0 | $83,205 | 50.00 | Yes (X) | ||||
| FREDDY THOMPKINS | |||||||||
| TRUSTEE | $31,719 | $0 | $0 | 9.48 | 2.00 | Yes (X) | |||
| EUGENE HARRIOTT JR | |||||||||
| VICE PRESIDE | $22,939 | $0 | $0 | 9.56 | 2.00 | Yes (X) | Yes (X) | ||
| ELAINE GORE | |||||||||
| TRUSTEE | $20,272 | $0 | $0 | 8.25 | Yes (X) | ||||
| HENRY W BOYD | |||||||||
| TRUSTEE | $19,948 | $0 | $0 | 7.92 | Yes (X) | ||||
| FRANKIE BLANTON SR | |||||||||
| TRUSTEE | $19,485 | $0 | $0 | 7.94 | Yes (X) | ||||
| RONALD H FLOYD | |||||||||
| TRUSTEE | $16,356 | $0 | $0 | 8.27 | 2.00 | Yes (X) | |||
| JOHNNY SHELLEY | |||||||||
| PRESIDENT | $15,040 | $0 | $0 | 10.25 | Yes (X) | Yes (X) | |||
| BOBBY E JORDAN | |||||||||
| TRUSTEE | $14,397 | $0 | $0 | 7.48 | Yes (X) | ||||
| CLYDE ASHLEY ANDERSON | |||||||||
| SEC/TREASURE | $14,009 | $0 | $0 | 8.48 | Yes (X) | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,716,057 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $569,434 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 33 | 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 |
|---|---|---|---|---|---|
| LEE ELECTRIC CONSTRUCTION INC | |||||
| 12828 US-501 | ABERDEEN | NC | 28315 | LINE CONVERSION | $3,042,039 |
| LEWIS TREE SERVICE | |||||
| 3034 STATE RD S-15-233 | WALTERBORO | SC | 29488 | ROW CLEARING | $991,637 |
| DAVIS CONSTRUCTION | |||||
| 1230 LARRIMORE DR | MANNING | SC | 29102 | LINE EXTENSION | $536,236 |
| POWER LINE CLEARING COMPANY INC | |||||
| 1725 STAMEY LIVESTOCK RD | SUMTER | SC | 29150 | ROW CLEARING | $525,866 |
| SQUIRREL SYSTEMS INC | |||||
| 2099 CHURCH ROAD | GREEN SEA | SC | 29545 | ROW CLEARING | $385,762 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 7 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| ELECTRIC REVENUE | 221000 | $165,842,173 | $165,842,173 | |
| OTHER CAPITAL CREDITS | 221000 | $1,251,524 | $1,251,524 | |
| POLE RENTAL | 221000 | $232,538 | $232,538 | |
| G&T CAPITAL CREDITS | 221000 | $187,538 | $187,538 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $167,513,773 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,691,935 | TotalRevenueColumnAmt |
| Exclusion | $2,691,935 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISC NON-OPERATING INCOME | Desc |
| Total Revenue Column | $137,141 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $137,141 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $137,141 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $170,342,849 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $167,418,376 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $2,924,473 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,916,452 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $601,500 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $650,804 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,380,614 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,958,294 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $100,470,235 |
| DISTRIBUTION OPERATIONS | $11,710,447 |
| CUSTOMER SVC & INFO. EXP | $7,404,259 |
| DISTRIBUTION MAINTENANCE | $6,899,822 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,350,422 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $170,342,849 | 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 | $27,687,963 | BOYAmt |
| EOY | $53,486,760 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,315,235 | BOYAmt |
| EOY | $18,507,497 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,576,690 | BOYAmt |
| EOY | $5,064,700 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,840,996 | BOYAmt |
| EOY | $3,407,804 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $391,789,773 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $121,374,555 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $264,543,553 | BOYAmt |
| EOY | $270,415,218 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,224,765 | BOYAmt |
| EOY | $14,378,564 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $309,126 | BOYAmt |
| EOY | $273,463 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $335,498,328 | BOYAmt |
| EOY | $365,534,006 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,267,047 | BOYAmt |
| EOY | $23,220,153 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,367,000 | BOYAmt |
| EOY | $8,412,000 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $124,101,720 | BOYAmt |
| EOY | $138,642,352 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,645,452 | BOYAmt |
| EOY | $2,764,234 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $166,381,219 | BOYAmt |
| EOY | $173,038,739 | 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 | $337,115 | BOYAmt |
| EOY | $349,485 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $168,779,994 | BOYAmt |
| EOY | $192,145,782 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $169,117,109 | BOYAmt |
| EOY | $192,495,267 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $335,498,328 | BOYAmt |
| EOY | $365,534,006 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $23,378,158 | 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 D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,457,489 | OtherCostOrOtherBasisAmt |
| Book Value | $5,457,489 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $386,332,284 | OtherCostOrOtherBasisAmt |
| Depreciation | $121,374,555 | DepreciationAmt |
| Book Value | $264,957,729 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $270,415,218 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| CONSUMER DEPOSITS | $5,085,910 |
| ACCUMULATED PROVISION FOR PR MEDICAL | -$2,321,676 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,764,234 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $175,297,849 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $175,297,849 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$4,955,000 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$4,955,000 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $170,342,849 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $148,426,397 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $148,426,397 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $21,916,452 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $21,916,452 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $170,342,849 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 4, PART XI, LINE 4B | RECOGNITION OF DEFERRED REVENUE -4,955,000 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | PATRONAGE CAPITAL CREDITS 21,916,452 |
| SCHEDULE D, PAGE 4, PART XIII | THE CORPORATION'S RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION (18CFR.PART 101) AS MODIFIED AND ADOPTED BY THE RURAL UTILITIES SERVICE (RUS) IN 7.CFR.1767. THOSE PRACTICES UTILIZE ALLOCATION BASES. AS A RESULT, IT WOULD REQUIRE SIGNIFICANT EFFORT TO BREAK OUT EXPENSES IN THE FUNCTIONAL CATEGORIES PROVIDED FOR ON THE STATEMENT OF FUNCTIONAL EXPENSES. MANAGEMENT HAS OPTED TO CLASSIFY ITS EXPENSES ON PART IX OF THE FORM 990 IN THE SAME MANNER IT REPORTS ITS FINANCIAL RESULTS TO LENDERS, REGULATORS AND ITS MEMBER-OWNERS. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| 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 (7 entries)
| TitleTitleTxt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt |
|---|---|---|---|---|---|---|---|
| JAMES P HOWLE | |||||||
| FORMER CEO | $456,394 | $456,394 | $456,394 | ||||
| DANIEL B SHELLEY | |||||||
| CEO | $20,311 | $427,335 | $274,348 | $1,024 | $96,710 | $34,942 | |
| JOHNNY R COOPER | |||||||
| MANAGER-ENGINEERING | $9,405 | $285,344 | $176,872 | $1,015 | $64,899 | $33,153 | |
| CHRISTOPHER TEEMS | |||||||
| MGR-SPECIAL SERVICES | $8,104 | $247,466 | $150,637 | $1,015 | $55,270 | $32,440 | |
| KEVIN JORDAN | |||||||
| SUPVR ENGINEER | $7,262 | $232,761 | $140,217 | $1,083 | $52,027 | $32,172 | |
| JODI L JORDAN | |||||||
| OFFICE MANAGER | $6,317 | $232,107 | $140,091 | $1,083 | $52,447 | $32,169 | |
| BURROUGHS W NOBLES | |||||||
| MANAGER OF OPERATION | $7,605 | $229,919 | $138,026 | $1,083 | $51,068 | $32,137 | |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE J, PAGE 1, PART I, LINE 4 | JAMES P. HOWLE 0 456,394 0 |
| SCHEDULE J, PART III | THE COOPERATIVE HAS ESTABLISHED AND SPONSORED TWO DEFERRED COMPENSATION PLANS. ELIGIBLE EMPLOYEES ARE DEFINED AS HIGHLY COMPENSATED INDIVIDUALS WITHIN THE DEFINITION OF IRC SECTION 414(Q). THE SECOND OF THE TWO PLANS (EBR)PROVIDES THE CORPORATION WITH A VEHICLE TO CONTINUE CONTRIBUTIONS VIA ITS EMPLOYER RETIREMENT CONTRIBUTION TO THE HIGHLY COMPENSATED EMPLOYEES WHOSE COMPENSATION EXCEEDS THE INTERNAL REVENUE SERVICE SALARY LIMITS ON RETIREMENT PLAN CONTRIBUTIONS UNDER IRC SECTION 401(A)(17). THE ANNUAL DEFERRAL TO THE TWO DEFERRED COMPENSATION PLANS IS CALCULATED IN ACCORDANCE WITH IRC SECTION 457, SUBJECT TO CHANGES UNDER IRC SECTION 457(B). THE COOPERATIVE HAD REPORTED PAYMENTS MADE FOR THE EBR PLAN IN THE CURRENT YEAR AS A COMPONENT OF COMPENSATION IN COLOMN (B) (III). COMPENSATION PREVIOUSLY REPORTED IN COLUMN (C) ON PRIOR YEAR IRS FROM 990 FILINGS HAS BEEN REPORTED IN COLUMN (F) OF THE 2020 FORM 990 IN ACCORDANCE WITH APPLICABLE DISCLOSURE REQUIREMENTS. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 2, PART III, LINE 4D | HORRY ELECTRIC COOPERATIVE, INC. IS A NON-PROFIT, MEMBER-OWNED ORGANIZATION PROVIDING INFORMATION AND ENERGY-RELATED SERVICES ON A FAIR AND EQUITABLE BASIS. |
| FORM 990, PAGE 6, PART VI, LINE 6 | THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE AVAILABLE ON THE COOPERATIVE'S WEBSITE. |
| 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 AVAILABLE ON THE COOPERATIVE'S WEBSITE. |
| 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 AVALIABLE ON THE COOPERATIVE'S WEBSITE. |
| FORM 990, PAGE 6, PART VI, LINE 11B | FORM 990 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 | COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED THROUGH THE USE OF A COMPENSATION SURVEY AND PERFORMANCE REVIEW CONDUCTED BY THE MEMBER-ELECTED BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 15B | COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE MEMBER-ELECTED BOARD THROUGH THE USE OF A COMPENSATION SURVEY AND PERFORMANCE REVIEW CONDUCTED BY THE CEO. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE COOPERATIVE MAKES CONFLICT OF INTEREST POLICY, AND FINANCIAL INFORMATION 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. IN ADDITION, THE COOPERATIVE'S BYLAWS ARE AVAILABLE ON ITS WEBSITE. |
| FORM 990, PART XI, LINE 9 | MEMBERSHIPS 12,370 RETAINED CAPITAL/NET SAVINGS 637,942 PATRONAGE CAPITAL ALLOCATIONS/ASSIGNMENTS 21,916,452 RECOGNITION OF DEFERRED REVENUE 4,955,000 PATRONAGE CAPITAL RETIRED -4,143,606 TOTAL 23,378,158 |