2021-10-07T08:50:38-05:00 2020-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2020-01-01 560993598 TIDELAND ELECTRIC MEMBERSHIP CORPORATION TIDE 2529433046 PO BOX 159 PANTEGO NC 27860 PAUL G SPRUILL CEO 2529433046 2021-09-24 true PAUL G SPRUILL XXX-XX-XXXX G STEVEN GILLIAM CPA P00348264 8043231313 2021-09-24 2020 2022-09-23 18:48:47Z PAUL G SPRUILL PO BOX 159 PANTEGO NC 27860 50890178 false X WWW.TIDELANDEMC.COM X 1941 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF TEMC 10 10 74 0 1499944 1946112 48747800 48339915 440802 328130 134524 276021 50823070 50890178 12023 11983 2411688 3775767 7125118 6964759 0 0 41450901 39954642 50999730 50707151 -176660 183027 139552488 148552331 89484900 95150048 50067588 53402283 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF TEMC false false SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS OF TEMC. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER 26,090,278 OTHER SALARIES AND WAGES 4,756,492 DEPRECIATION 4,753,196 false false false false false false false false false true false true false true true true false false false false false false false false false false true false true false false false false false false false false false false false true true true false true 72 0 true 74 true false false false false false 47397111 1443981 false false false X 10 10 false false false false false true true true true false false true true true true true true true true false X TIDELAND EMC 2529433046 PO BOX 159 PANTEGO NC 27860 PAUL G SPRUILL CEO 40.00 X 211982 0 63363 BENJAMIN BEAGLEIII MGR. OF OPER 40.00 X 152835 0 74597 MYRA BEASLEY MGR. HUMAN R 40.00 X 111879 0 80151 JIM CHRISMAN CFO 40.00 X 144512 0 43005 WILLIAM MIDYETTE LINE OPER SU 58.00 X 108503 0 67707 STEVEN HARRIS LINE OPER SU 59.00 X 116638 0 48370 BILLY WATERS MANAGER OF I 40.00 X 109004 0 43543 RUDY AUSTIN DIRECTOR 7.00 X 16600 0 0 J DOUGLAS BRINSON PRESIDENT 17.00 X X 16300 0 0 WAYNE SAWYER DIRECTOR 11.00 X 15800 0 0 CHARLES SLADE DIRECTOR 7.00 X 15600 0 0 CLIFTON PAUL VICE PRESIDE 7.00 X X 15000 0 0 MARK CARAWAN SECRETARY 9.00 X X 14800 0 0 DAVID IPOCK TREASURER 6.00 X X 14600 0 0 GARRY JORDAN DIRECTOR 7.00 X 14200 0 0 DAWSON PUGH DIRECTOR 5.00 X 13400 0 0 PAUL SASNETT DIRECTOR 8.00 X 13400 0 0 1105053 420736 7 false true false LEE ELECTRICAL CONST INC PO BOX 55 ABERDEEN NC 28315 POWER LINE CONS 3179569 MARMON UTILITY LLC PO BOX 98560 CHICAGO IL 60693 CABLE WORK 2599671 JOHN LUCAS TREE EXPERT PO BOX 958 PORTLAND ME 04105 TREE REMOVAL 1015269 SOUTHEASTERN DATA COOP INC 100 ASHFORD CENTER NORTH SUITE 500 ATLANTA GA 30338 SOFTWARE 464003 MASTEC NORTH AMERICA INC 209 ART BRYAN DRIVE ASHEBORO NC 27203 POWER LINE WORK 423720 10 1946112 1946112 SALE OF ELECTRICITY 221000 47397111 47397111 CONTRIBUTIONS IN AID 221000 518840 518840 CAPITAL CREDITS RECEIVED 221000 423964 423964 48339915 264647 264647 28800 102974 28800 102974 131774 28800 102974 63483 63483 63483 63483 GAIN FROM EQUITY INVESTMENT 221000 144247 144247 144247 50890178 48512962 431104 X 11983 3775767 612562 4756492 938444 248222 409039 89587 1287126 49378 2445563 4753196 COST OF POWER 26090278 DISTRIBUTION MAINTENANCE 4177910 ADMIN AND GENERAL 2051272 DISTRIBUTION OPERATION 1539417 -2529085 50707151 0 0 0 3248580 3540314 7537374 6534726 1704249 2489054 2180960 2783339 890829 632252 152797443 32537963 112573960 120259480 923751 954153 9926647 10740231 566138 618782 139552488 148552331 3813847 4163553 66431424 74145882 4000000 1500000 15239629 15340613 89484900 95150048 X 50067588 53402283 50067588 53402283 139552488 148552331 X 183027 3151668 X false true X true false 1443044 1443044 151354399 32537963 118816436 120259480 PATRONAGE CAPITAL - NCEMC 8370465 C PATRONAGE CAPITAL - TEMA 909367 C INVESTMENT IN CFC-CTCS 791140 C PATRONAGE CAPITAL - CFC 669259 C 10740231 DEFERRED CREDITS 7003916 POST RETIREMENT BENEFITS 5544467 OTHER ACCRUED LIABILITIES 1151400 CONSUMER DEPOSITS 1040830 ECONOMIC DEVELOPMENT GRANT 600000 15340613 X 49176558 49176558 1713620 1713620 50890178 44942443 44942443 5764708 5764708 50707151 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE COOPERATIVE HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. SCHEDULE D, PAGE 4, PART XI, LINE 4B CIAC NOT REVENUE PER GAAP 518,840 NON-CASH PAT. ALLOC. -794,161 FEMA FUNDS 1,946,112 EXPENSES NETTED WITH OTHER INCOME 42,829 SCHEDULE D, PAGE 4, PART XII, LINE 4B PAT. DIV. PAID TO MEMBERS 3,775,767 FEMA FUNDS 1,946,112 EXPENSES NETTED WITH OTHER INCOME 42,829 false TIDELAND ELEC CARE TRUST 25831 HWY 264 EAST PANTEGO NC 27860 562118287 501C3 11983 FMV CHARITABLE AND EDUCA X X X X false false false PAUL G SPRUILL CEO 211736 246 50957 12406 275345 BENJAMIN BEAGLEIII MGR. OF OPERATIONS 132077 8758 12000 62191 12406 227432 MYRA BEASLEY MGR. HUMAN RESOURCES 111357 522 67745 12406 192030 JIM CHRISMAN CFO 137102 210 7200 30599 12406 187517 WILLIAM MIDYETTE LINE OPER SUPERINT 107993 510 55301 12406 176210 STEVEN HARRIS LINE OPER SUPERINT 116380 258 35964 12406 165008 BILLY WATERS MANAGER OF IT 105746 3258 31137 12406 152547 FORM 990 PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS: PATRONAGE DIVIDENDS ARE PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE EXISTING OBLIGATION IN TIDELAND ELECTRIC MEMBERSHIP CORPORATION'S BY LAWS. THE CORPORATION IS OBLIGATED TO PAY BY CREDITS TO A CAPITAL ACCOUNT FOR EACH PATRON ALL SUCH AMOUNTS IN EXCESS OF OPERATING COSTS AND EXPENSES. IRS INSTRUCTIONS FOR LINE 4 CHANGED IN 2011 TO INCLUDE PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS. FORM 990, PART VI EXPLANATION OF CLASSES OF MEMBERS OR SHAREHOLDER: TIDELAND ELECTRIC MEMBERSHIP CORPORATION IS AN ELECTRIC MEMBERSHIP CORPORATION THAT DELIVERS ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. THE MEMBERS ELECT THE BOARD OF DIRECTORS, WHICH SERVES AS THE GOVERNING BODY OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS OF THE GOVERNING BOARD ARE ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEMBERSHIP MEETING. EACH MEMBER RECEIVES ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B THE GOVERNING BODY'S DECISIONS ARE RATIFIED BY THE GENERAL MEMBERSHIP AT THE ANNUAL MEMBERSHIP MEETING. FORM 990, PAGE 6, PART VI, LINE 11B THE CEO AND MANAGER OF FINANCE REVIEW THE 990 WITH THE GOVERNING BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS AHEAD OF EACH MONTHLY BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 15A CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS AFTER A COMPARISON WITH SURVEYS, CONSULTANTS, AND OTHER SIMILAR ORGANIZATIONS. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE CEO AFTER CONSULTATION WITH HUMAN RESOURCES AND REVIEWS OF SURVEYS, CONSULTANTS, AND OTHER SIMILAR ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 15B CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS AFTER A COMPARISON WITH SURVEYS, CONSULTANTS, AND OTHER SIMILAR ORGANIZATIONS. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE CEO AFTER CONSULTATION WITH HUMAN RESOURCES AND REVIEWS OF SURVEYS, CONSULTANTS, AND OTHER SIMILAR ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL DATA IS PRESENTED TO THE MEMBERS AT THE ANNUAL MEETING AND IS ALSO INCLUDED IN THE 990, WHICH IS ALSO AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 NON-CASH PATRONAGE ALLOC NOT REV PER IRS 794,161 PATRONAGE DIV PAID TO MEMBER'S ACCTS 3,775,767 CIAC NOT REVENUE PER GAAP -518,840 RETIREMENT OF CAPITAL CREDITS -899,420 TOTAL 3,151,668 TIDELAND ELECTRIC CARE TRUST INC 25831 HIGHWAY 264 EAST PANTEGO NC 27860 562118287 CHARITABLE NC 3 7 TIDELAND E TIDELAND EMC true false true false false false false false false false false false false false false false false false false true TIDELAND ELECTRIC CARE TRUST INC B 11983 FMV TIDELAND ELECTRIC CARE TRUST INC S 36066 FMV