2021-09-30T14:03:48-05:00 2020-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2020-01-01 560440935 WAKE ELECTRIC MEMBERSHIP CORPORATION WAKE 9198636300 PO BOX 1229 WAKE FOREST NC 27588 JAMES E MANGUM JR CEO & GEN. MGR. 9198636300 2021-09-28 true JAMES MANGUM XXX-XX-XXXX BRYAN A ISGETT P01441928 4787466277 2021-09-30 2020 2022-09-23 18:48:47Z JAMES E MANGUM JR PO BOX 1229 WAKE FOREST NC 27588 97783225 false X WWW.WEMC.COM X 1940 NC TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. 9 9 54 0 0 100183023 97266692 155823 170748 16370 -3300 100355216 97434140 0 9513336 6829796 8872827 8726129 0 0 81969053 81878215 100355216 97434140 0 246078938 260399357 144881703 154513187 101197235 105886170 TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. false false N/A false false false false false false false false false true false true false true false false true false false false false false false false false false false false true false false false false false false false false false false false true false false true 97 0 true 54 true false false false false false 93949989 1417199 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false X LISA KENNEDY 9198636300 228 PARK AVE YOUNGSVILLE NC 27596 SUZY MORGAN PRESIDENT 9.04 X X 27120 0 0 H MICHAEL DICKERSON VICE PRESIDE 6.90 X X 27980 0 0 ROBERT HILL TREASURER 6.77 X X 23000 0 0 ROBERT JOE EDDINS SECRETARY 5.54 X X 25000 0 0 REUBEN MATTHEWS DIRECTOR 4.07 X 25400 0 0 W JOSEPH HILBURN JR DIRECTOR 8.35 X 25800 0 0 ALLEN NELSON DIRECTOR 5.02 X 25800 0 0 RODNEY PRIVETTE DIRECTOR 3.88 X 25400 0 0 GREG FULLER DIRECTOR 8.50 X 26200 0 0 JAMES E MANGUM JR CEO & GEN. M 50.00 X 991244 0 69145 DON BOWMAN VP OF ENGIN 50.00 X 276451 0 55981 CHARLES PERNELL MGR OF OPERA 50.00 X 140636 0 61033 CYNTHIA M CURRIN GENERAL COUN 50.00 X 295343 0 29633 STEVE BALLARD MGR OF CYBER 50.00 X 147486 0 27436 CHRISTOPHER D WRIGHT MGR OF ENGIN 50.00 X 169479 0 41066 2252339 284294 19 false true false TONY MELTON MITCHELL 2541 OLD SMITHFIELD ROAD PRINCETON NC 27569 SUBST. CONST. 338000 1 X ELEC. SALES AND SERVICE 221000 93949989 93949989 CAPITAL CREDITS 221000 3150447 3150447 POLE RENTAL 221000 166256 166256 97266692 170748 170748 383652 349085 34567 34567 34567 SUBSIDIARY INCOME 221000 -37867 -37867 -37867 97434140 97100436 333704 6829796 6829796 1292089 1292089 4312912 4312912 730391 730391 2028525 2028525 362212 362212 4751549 4751549 7899239 7899239 PURCHASED POWER 61612976 61612976 CONSUMER ACCOUNTS 3140012 3140012 DISTRIBUTION MAINTENANCE 2458393 2458393 ADMIN. & GENERAL EXP. 2271872 2271872 -255826 -255826 97434140 97434140 0 0 435473 52952 11470795 12594391 2145801 1853405 3709978 3696620 838599 640231 293145388 76805481 204088426 216339907 23386142 25218137 3724 3714 246078938 260399357 20075441 24801412 116092512 122927408 8713750 6784367 144881703 154513187 X 101197235 105886170 101197235 105886170 246078938 260399357 X 0 4688935 X false true X true 4806431 4806431 13533389 5550507 7982882 274805568 71254974 203550594 216339907 PATRONAGE CAPITAL NCEMC 16589479 C PATRONAGE CAPITAL CFC 2868460 C OTHER INVESTMENTS 1810961 C PATRONAGE CAPITAL TEMA 1703480 C NRUCFC CTC'S 989280 C PATRONAGE CAPITAL NRTC 601148 C PATRONAGE CAPITAL FEDERATED 344569 C PATRONAGE CAPITAL NISC 310760 C 25218137 OTHER DEFERRED CREDITS 3683246 UNCLAIMED CAPITAL CREDITS 1699890 CONSUMER DEPOSITS 1267006 ACCUM PROV FOR PENSION & BENEFITS 127906 ACCRUED INTEREST PAYABLE 6319 6784367 97434140 97434140 97434140 90604344 90604344 6829796 6829796 97434140 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 6,829,796 X X X false true false JAMES E MANGUM JR CEO & GEN. MGR. 498626 89329 403289 46568 22577 1060389 45628 DON BOWMAN VP OF ENGIN AND OPS 228705 47005 741 26029 29952 332432 CHARLES PERNELL MGR OF OPERATIONS 136447 2372 1817 38067 22966 201669 CYNTHIA M CURRIN GENERAL COUNSEL 235511 53737 6095 25661 3972 324976 STEVE BALLARD MGR OF CYBERSECURITY 124062 22880 544 13934 13502 174922 CHRISTOPHER D WRIGHT MGR OF ENGINEERING 143866 25329 284 12559 28507 210545 SCHEDULE J, PAGE 1, PART I, LINE 4 JAMES E. MANGUM, JR. 0 45,628 0 SCHEDULE J, PART III JAMES E. MANGUM, JR.-- (I)(B)(III) THE CORPORATION'S BOARD OF DIRECTORS APPROVED THE ADOPTION OF AND PARTICIPATION IN NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION'S PENSION RESTORATION DEFERRED COMPENSATION PLAN (NRECA PRP) TO PROVIDE SUPPLEMENTAL PAYMENTS TO CERTAIN EMPLOYEES DUE TO LIMITATIONS UNDER INTERNAL REVENUE CODE OF 1986 RELATING TO PERMISSIBLE PAYMENTS FROM QUALIFIED PENSION PLANS. ELIGIBLE PARTICIPANTS IN THE NRECA PRP HAVE A PENSION LIMITATION UPON VESTING IN THE PLAN, AS DEFINED IN SECITION 2(B) OF THE NRECA PRP, APPLIED TO REDUCE THE AMOUNT OF PAYMENT THAT WOULD OTHERWISE BE PAYABLE BY THE RETIREMENT SECURITY PLAN SPONSORED BY NRECA. THE PENSION LIMITATION IS THE DIFFERENCE BETWEEN THE SINGLE LUMP SUM EQUIVALENT OF THE PARTICIPANT'S ACCRUED BENEFIT FROM THE RETIREMENT SECURITY PLAN AS CALCULATED BY NRECA WITHOUT THE LIMITATIONS PROVIDED IN SECTIONS 415 OF THE INTERNAL REVENUE CODE OF 1986, AND THE PARTICIPANT'S ACCRUED BENEFIT FROM THE RETIREMENT SECURITY PLAN AS CALCULATED BY NRECA AFTER APPLICATION OF THE LIMITATIONS OF SECTIONS 415 AND 401(A)(17) OF THE CODE. DURING 2019, JAMES E. MANGUM, JR. BECAME VESTED IN THE NRECA PRP AND RECEIVED A DISTRIBUTION IN THE AMOUNT OF 45,628 WHICH IS INCLUDED IN SCHEDULE J,PART II (I)(B)(III) AS OTHER COMPENSATION, AND ALSO INCLUDED IN FORM 990, PARTVII, 10(D). THE CORPORATION RECOVERED THE DISTRIBUTION FROM NRECA. 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 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 PERFORMANCE REVIEW CONDUCTED BY THE MEMBER-ELECTED BOARD. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR OTHER KEY EMPLOYEES IS REVIEWED AND APPROVED THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE CEO. 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 XI, LINE 9 PATRONAGE CAPITAL CREDITS 6,829,796 MEMBERSHIP FEES 10,310 CAPITAL CREDIT RETIREMENTS -2,151,171 TOTAL 4,688,935 TRIANGLE SERVICES GROUP INC PO BOX 1229 WAKE FOREST NC 27588 562136060 INTERNET NC N/A C CORP -37875 47533 1.00000 false false false false false false false false false false false false false false false false true true false false TRIANGLE SERVICES GROUP INC P 1320 COST TRIANGEL SERVICES GROUP INC Q 37519 COST