PITT & GREENE ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- PITT & GREENE ELECTRIC MEMBERSHIP CORPORATION (EIN 56-0360850)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-04-30
- IRS object ID
- 202131209349301308
- 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 | 2021-04-30T10:57:47-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560360850 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Pitt and Greene Electric Membership Corporation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % John A Dixon | InCareOfNm |
| Business Name Control | PITT | BusinessNameControlTxt |
| Phone | 2527533128 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3989 West Wilson Street | AddressLine1Txt |
| City | Farmville | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27828 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN A DIXON | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 2527533128 | PhoneNum |
| Signature | 2021-04-30 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JOHN | PersonFirstNm |
| Person Last | DIXON | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| 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 | MARK A SUGGS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3989 West Wilson St | AddressLine1Txt |
| City | Farmville | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27828 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $23,923,455 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.pgemc.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1937 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | It shall be the aim of Pitt and Greene Electric Membership Corporation to make electric energy available to its members at the lowest cost | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 35 | TotalEmployeeCnt |
| Total Gross UBI | $23,647 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $12,965 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $23,427,858 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $23,756,053 | CYProgramServiceRevenueAmt |
| PY Investment Income | $144,857 | PYInvestmentIncomeAmt |
| CY Investment Income | $142,700 | CYInvestmentIncomeAmt |
| PY Other Revenue | $13,702 | PYOtherRevenueAmt |
| CY Other Revenue | $22,133 | CYOtherRevenueAmt |
| PY Total Revenue | $23,586,417 | PYTotalRevenueAmt |
| CY Total Revenue | $23,920,886 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $527,463 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $1,238,387 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,216,952 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,210,576 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $20,126,911 | PYOtherExpensesAmt |
| CY Other Expenses | $19,740,480 | CYOtherExpensesAmt |
| PY Total Expenses | $22,871,326 | PYTotalExpensesAmt |
| CY Total Expenses | $23,189,443 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $715,091 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $731,443 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $57,656,715 | TotalAssetsBOYAmt |
| Total Assets EOY | $59,968,714 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $29,280,835 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $29,889,593 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $28,375,880 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $30,079,121 | NetAssetsOrFundBalancesEOYAmt |
| Mission | It shall be the aim of Pitt and Greene Electric Membership Corporation to make electric energy available to its members at the lowest cost consistent with sound economy and good management. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $23,189,443 | ExpenseAmt |
| Revenue | $23,756,053 | RevenueAmt |
| Desc | Sale of Electricity | Desc |
| Total Program Service Expenses | $23,189,443 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| 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 | 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 |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| 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 | 13 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 35 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| 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 | $23,756,053 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $164,833 | 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 |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARK A SUGGS | PersonNm |
| Phone | 2527533128 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3989 West Wilson St | AddressLine1Txt |
| City | Farmville | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 27828 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| WILLIAM E ASKEW | |||||||
| VicePresident | 1.000 | Yes (X) | Yes (X) | $14,617 | $0 | $0 | |
| KIRBY BELL | |||||||
| SecretaryTreasurer | 2.000 | Yes (X) | Yes (X) | $14,603 | $0 | $0 | |
| JACK EDMONSON | |||||||
| Director | 0.600 | Yes (X) | $14,611 | $0 | $0 | ||
| RICHARD S HARPER | |||||||
| Director | 2.000 | Yes (X) | $14,617 | $0 | $0 | ||
| JEFFERY N LETCHWORTH | |||||||
| Director | 3.800 | Yes (X) | $14,617 | $0 | $0 | ||
| GARLAND MOZINGO | |||||||
| Director | 3.000 | Yes (X) | $14,617 | $0 | $0 | ||
| JAMES SHACKLEFORD | |||||||
| Director | 7.000 | Yes (X) | $14,617 | $0 | $0 | ||
| ERNEST G SMITH | |||||||
| President | 1.500 | Yes (X) | Yes (X) | $14,611 | $0 | $0 | |
| MICHAEL HARDY | |||||||
| Director | 0.800 | Yes (X) | $14,533 | $0 | $0 | ||
| MARK A SUGGS | |||||||
| General ManagerEVP | 41.00 | $392,080 | $0 | $29,925 | Yes (X) | ||
| ANTHONY W BARROW | |||||||
| Director Engineering | 41.00 | $185,185 | $0 | $21,761 | Yes (X) | ||
| PATSY B ROWE | |||||||
| Director Finance | 40.00 | $140,761 | $0 | $58,980 | Yes (X) | ||
| AUSTIN DIXON | |||||||
| CFO | 41.00 | $107,583 | $0 | $27,555 | Yes (X) | ||
| MILTON M GRANT | |||||||
| Director Operations | 41.00 | $124,043 | $0 | $123,491 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,081,095 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $261,712 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 5 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | 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 |
|---|---|---|---|---|---|
| DEAN JONES | |||||
| 1241 Corbett Town Rd | Snow Hill | NC | 28580 | Right of Way Clearing | $126,470 |
| SEDC | |||||
| 100 Ashford Center North Ste STE 50 | Atlanta | GA | 30338 | Technology Vendor | $314,181 |
| Mastec | |||||
| 209 Art Bryan Dr | Asheboro | NC | 27203 | Contract Construction Crew | $246,088 |
| Xylem Tree Experts | |||||
| 208 East Plume St Ste Suite 250 | Norfolk | VA | 23510 | Right of Way Tree Trimming | $306,307 |
| Booth and Associates | |||||
| 5811 Glenwood Ave Ste 109 | Raleigh | NC | 27612 | Engineering Services | $170,872 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Sale of Electricity | 221000 | $23,189,443 | $23,189,443 |
| Patronage Capital | 900099 | $566,610 | $566,610 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $23,756,053 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $142,700 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $142,700 | RelatedOrExemptFuncIncomeAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $26,216 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $2,569 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $23,647 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $23,647 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $23,647 | UnrelatedBusinessRevenueAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NCEMC - Bright Ideas | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | -$1,514 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$1,514 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$1,514 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $23,920,886 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $23,897,239 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $23,647 | UnrelatedBusinessRevenueAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,238,387 | TotalAmt |
| Program Services | $1,238,387 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,202,435 | TotalAmt |
| Program Services | $1,202,435 | ProgramServicesAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,008,141 | TotalAmt |
| Program Services | $1,008,141 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,372 | TotalAmt |
| Program Services | $60,372 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,800 | TotalAmt |
| Program Services | $39,800 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $840,320 | TotalAmt |
| Program Services | $840,320 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,199,547 | TotalAmt |
| Program Services | $2,199,547 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| Cost of Power | $13,018,803 | $13,018,803 |
| Trans and Distr Exp | $2,388,236 | $2,388,236 |
| Consumer Accounts Exp | $816,842 | $816,842 |
| Admin and General Exp | $376,560 | $376,560 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,189,443 | TotalAmt |
| Program Services | $23,189,443 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $711,809 | BOYAmt |
| EOY | $2,069,402 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,850,000 | BOYAmt |
| EOY | $3,850,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,803,044 | BOYAmt |
| EOY | $2,462,671 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $382,367 | BOYAmt |
| EOY | $473,948 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $401,707 | BOYAmt |
| EOY | $371,508 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $70,685,362 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $27,094,868 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,819,354 | BOYAmt |
| EOY | $43,590,494 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,682,010 | BOYAmt |
| EOY | $7,150,691 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,424 | BOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,656,715 | BOYAmt |
| EOY | $59,968,714 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,618,938 | BOYAmt |
| EOY | $2,563,106 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,590,393 | BOYAmt |
| EOY | $23,194,369 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,071,504 | BOYAmt |
| EOY | $4,132,118 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,280,835 | BOYAmt |
| EOY | $29,889,593 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,375,880 | BOYAmt |
| EOY | $30,079,121 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,375,880 | BOYAmt |
| EOY | $30,079,121 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,375,880 | BOYAmt |
| EOY | $30,079,121 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,656,715 | BOYAmt |
| EOY | $59,968,714 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $731,443 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $971,798 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | Yes (true) | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Disclosed Org Leg Ctrl | false | DisclosedOrgLegCtrlInd |
| Disclosed For Charitable Prps | false | DisclosedForCharitablePrpsInd |
| Written Policy Monitoring | false | WrittenPolicyMonitoringInd |
| Section170h Rqr Stsfd | false | Section170hRqrStsfdInd |
| Solicited Assets Sale | false | SolicitedAssetsSaleInd |
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $1,721,803 | InvestmentCostOrOtherBasisAmt |
| Book Value | $1,721,803 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $64,539,684 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $23,480,055 | DepreciationAmt |
| Book Value | $41,059,629 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $4,423,875 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $3,614,813 | DepreciationAmt |
| Book Value | $809,062 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $43,590,494 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (6 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Membership Fees | $3,075 |
| Patronage Capital | $5,606,277 |
| Capital Term Certificates | $702,201 |
| Stock | $7,200 |
| Economic Development | $311,738 |
| NonUtility Property | $520,200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $7,150,691 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Accumulated Retirement Provisions | $3,387,190 |
| Consumer Deposits | $706,887 |
| Deferred Credits | $38,041 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,132,118 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $23,920,886 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $23,920,886 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $23,920,886 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $23,189,443 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $23,189,443 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $23,189,443 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 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 |
|---|---|---|---|---|---|---|
| WILLIAM E ASKEW | ||||||
| VicePresident | $14,617 | $14,617 | ||||
| KIRBY BELL | ||||||
| SecretaryTreasurer | $14,603 | $14,603 | ||||
| JACK EDMONSON | ||||||
| Director | $14,611 | $14,611 | ||||
| RICHARD S HARPER | ||||||
| Director | $14,617 | $14,617 | ||||
| JEFFERY N LETCHWORTH | ||||||
| Director | $14,617 | $14,617 | ||||
| GARLAND MOZINGO | ||||||
| Director | $14,617 | $14,617 | ||||
| JAMES SHACKLEFORD | ||||||
| Director | $14,617 | $14,617 | ||||
| ERNEST G SMITH | ||||||
| President | $14,611 | $14,611 | ||||
| MICHAEL HARDY | ||||||
| Director | $14,533 | $14,533 | ||||
| MARK A SUGGS | ||||||
| General ManagerEVP | $271,600 | $466,538 | $6,455 | $114,025 | $29,925 | $44,533 |
| ANTHONY W BARROW | ||||||
| Director Engineering | $178,951 | $234,336 | $4,378 | $1,856 | $21,761 | $27,390 |
| PATSY B ROWE | ||||||
| Director Finance | $135,926 | $221,213 | $2,910 | $1,925 | $58,980 | $21,472 |
| AUSTIN DIXON | ||||||
| CFO | $104,924 | $163,708 | $2,475 | $184 | $27,555 | $28,570 |
| MILTON M GRANT | ||||||
| Director Operations | $119,967 | $268,375 | $2,956 | $1,120 | $123,491 | $20,841 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (25 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part VI Line 11b | A copy of the Form 990 was available to the Board of Directors at the regul |
| Part VI Line 11b | board meeting held 4/29/2021 |
| Part VI Line 19 | The cooperative, upon request, makes available its governing documents, |
| Part VI Line 19 | conflict of interest policy, and financial statements to the public. |
| Part VI Line 7a | In November of each year at the annual meeting, members have the |
| Part VI Line 7a | right to elect officers to serve on the Board of Directors, the |
| Part VI Line 7a | organization's governing body. |
| Part VI Line 7b | Members have voting rights and must vote to change the charter, |
| Part VI Line 7b | set debt limits, and to consider dissolution. |
| Part VI Line 11a | A copy of the Form 990 was available to the governing body (Board |
| Part VI Line 11a | of Directors) at the regular board meeting held on April 29, 2021. |
| Part VI Line 11a | The EVP, General Manager, along with the General Counsel did a |
| Part VI Line 11a | review of the Form 990 with the Board of Directors with special |
| Part VI Line 11a | emphasis on Part VI, Governance, Management, and Disclosure |
| Part VI Line 11a | giving opportunity for questions and answers. |
| Part VI Line 12c | Reasonable efforts are made when the governing body completes a questionnai |
| Part VI Line 12c | annually, whereby, information is requested on Director's independence |
| Part VI Line 12c | business relationships, and doing business with a coooperative. A |
| Part VI Line 12c | board meeting is held each month and, if necessary, additional meetings |
| Part VI Line 12c | may be called. |
| Part VI Line 15b | Management recommends and the Board of Directors approved a wage and salary |
| Part VI Line 15b | plan that used North Carolina midpoints as reported in the annual NRECA |
| Part VI Line 15b | National Compensation Survey |
| Part VI Line 19 | The Cooperative, upon request, makes available its governing documents |
| Part VI Line 19 | conflict of interest policy, and financial statements to the public. |