2021-10-21T08:16:51-05:00 2020-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2020-01-01 570128696 BROAD RIVER ELECTRIC COOPERATIVE INC BROA 8644895737 PO BOX 2269 GAFFNEY SC 29342 TERRY W MALLARD PRESIDENT & CEO 8434895737 2021-10-20 true TERRY MALLARD 999009999 BRYAN A ISGETT P01441928 4787466277 2021-10-21 2020 2022-09-23 18:48:47Z TERRY W MALLARD PO BOX 2269 GAFFNEY SC 29342 51857121 false X WWW.BROADRIVERELECTRIC.COM X 1940 SC YOUR COOPERATIVE IS COMMITTED TO THE PROVISION OF SAFE, RELIABLE AND REASONABLY PRICED ELECTRIC AND OTHER ENERGY RELATED SERVICES WHILE IMPROVING THE COMMUNITIES WE SERVE. 9 9 58 0 0 52923485 51314016 786932 476393 91428 66712 53801845 51857121 0 3961158 3343467 526557 547691 0 0 49314130 47965963 53801845 51857121 0 116957976 128066587 83511421 91210159 33446555 36856428 YOUR COOPERATIVE IS COMMITTED TO THE PROVISION OF SAFE, RELIABLE AND REASONABLY PRICED ELECTRIC AND OTHER ENERGY RELATED SERVICES WHILE IMPROVING THE COMMUNITIES WE SERVE. false false YOUR COOPERATIVE IS COMMITTED TO THE PROVISION OF SAFE, RELIABLE AND REASONABLY PRICED ELECTRIC AND OTHER ENERGY RELATED SERVICES WHILE IMPROVING THE COMMUNITIES WE SERVE. false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 40 0 true 58 true false false false false false 51000311 664451 false false false X 9 9 false false true false true true true true true false false true true true true true true true true false SC X BROAD RIVER ECI 8644895737 PO BOX 2269 GAFFNEY SC 29342 NORRIS R FOWLER CHAIRMAN 15.00 X X 19487 0 0 ANITA P WHITNEY VICE CHAIRMA 8.00 X X 7684 0 0 DECOLE GALLMAN SEC/TREAS 6.00 X X 12355 0 0 BOBBY FOSTER TRUSTEE 6.00 X 12484 0 0 E DEWITT MCCRAW TRUSTEE 6.00 X 17955 0 0 KEVIN MOSS TRUSTEE 6.00 X 11284 0 0 MARK PATTERSON TRUSTEE 6.00 X 14084 0 0 WILLIAM PEELER TRUSTEE 6.00 X 8452 0 0 R WAYNE WEST TRUSTEE 6.00 X 17517 0 0 TERRY W MALLARD PRESIDENT & 50.00 X 316224 0 110165 JOHN B FOWLER VP-MEMBER SE 40.00 X 119150 0 58871 CARY JOHNSON VP-OPERATION 40.00 X 131167 0 63188 JEFFERY S HUMPHRIES VP- ENGINEER 40.00 X 115491 0 57065 KENNY GRISWOLD VP-INFORMATI 40.00 X 103605 0 54647 906939 343936 5 false true false ASPLUNDH TREE EXPERT CO 351 ORCHARD CIRCLE CHARLOTTE NC 28217 ROW CLEARING 1190908 CALDWELL LANDSCAPING CLEARING 1247 PATTERSON PLANT ROAD ENOREE SC 29335 ROW CLEARING 271492 LEE ELECTRICAL CONSTRUCTION INC 12828 HIGHWAY 15-501 SOUTH ABERDEEN NC 28315 CONSTRUCTION 267609 3 ELECTRIC REVENUE 221000 51000311 51000311 CAPITAL CREDITS 221000 200516 200516 POLE RENTAL REVENUE 221000 113189 113189 51314016 476393 476393 11802 11802 11802 11802 OTHER ELECTRIC REVENUE 221000 54910 54910 54910 51857121 51255737 601384 3343467 3343467 547691 547691 2120345 2120345 3625517 3625517 PURCHASED POWER 30794685 30794685 DISTRIBUTION OPERATIONS 3948808 3948808 ADMINISTRATIVE AND GENERA 2578448 2578448 DISTRIBUTION MAINTENANCE 2438147 2438147 2460013 2460013 51857121 51857121 0 0 6215628 11109043 4811245 4694559 4701 5016643 208512 225737 240334 180658 129026790 28182517 99528843 100844273 5938111 5985092 10602 10582 116957976 128066587 7840848 8168770 64140095 72086783 11530478 10954606 83511421 91210159 X 33446555 36856428 33446555 36856428 116957976 128066587 X 0 3409873 X false true X true false 1291320 1291320 127735470 28182517 99552953 100844273 ACCUM. PROV.POST RETIREMENT BENEFITS 5694435 ASC 980 REGULATORY LIABILLITY 3325000 CONSUMER DEPOSITS 1935171 10954606 52482121 52482121 -625000 -625000 51857121 48513654 48513654 3343467 3343467 51857121 SCHEDULE D, PAGE 4, PART XI, LINE 4B ASC 980-REGULATED LIABILITY -625,000 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 3,343,467 X X X X false false false TERRY W MALLARD PRESIDENT & CEO 295226 20998 82769 27396 426389 JOHN B FOWLER VP-MEMBER SERVICES 115025 4125 34400 24471 178021 CARY JOHNSON VP-OPERATIONS 124753 6414 38476 24712 194355 JEFFERY S HUMPHRIES VP- ENGINEERING 109604 5887 32696 24369 172556 KENNY GRISWOLD VP-INFORMATION TECH 103605 30402 24245 158252 FORM 990, PAGE 6, PART VI, LINE 4 DURING 2020, BROAD RIVER ELECTRIC COOPERATIVE INC.'S MEMBERSHIP APPROVED CERTAIN AMENDMENTS TO ITS BYLAWS. THE PURPOSE FOR A MAJORITY OF THE AMENDMENTS WAS TO CONFORM THE BYLAWS TO RECENTLY ENACTED PROVISIONS OF SOUTH CAROLINA'S LEGISTLATIVE 2019 ACT NO. 56. A SUMMARY OF BYLAW SECTION CHANGES IS AS FOLLOWS: 1) DEFINING TERMS-SECTION 1.01 2) SPECIAL MEMBER MEETINGS-SECTION 3.02 3) NOTICE OF MEMBER MEETINGS-SECTION 3.03 4) QUORUM AT MEMBER MEETINGS-SECTION 3.04 5) VOTING AT MEMBER MEETINGS-SECTION 3.05 AND 3.06 6) QUALIFICATIONS OF TRUSTEES-SECTION 4.02 7) NOMINATIONS OF TRUSTEES-SECTION 4.06 8) SUSPENSION OF TRUSTEE BY BOARD; REMOVAL BY MEMBERS-SECTION 4.08 9) VACANCIES FOR POSITION OF TRUSTEE-SECTION 4.09 10) TRUSTEE EMERITUS-SECTION 4.10 11) TRUSTEE COMPENSATION; EXPENSES-SECTION 4.11 12) REGULAR MEETINGS OF BOARD OF TRUSTEES-SECTION 5.01 13) SPECIAL MEETINGS OF THE BOARD OF TRUSTEES-SECTION 5.02 14) NOTICE OF BOARD OF TRUSTEES MEETINGS-SECTION 5.03 15) BONDS OR INSURANCE COVERAGE-SECTION 6.11 16) RETIREMENT OF PATRONAGE CAPITAL-SECTION 9.02 17) DISPOSITION AND PLEDGING OF PROPERTY-SECTION 11.01 18) PARTIAL INVALIDITY-SECTION 17.01 A COPY OF BROAD RIVER ELECTRIC COOPERATIVE INC.'S BYLAWS ARE INCLUDED WITH THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR 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 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 THROUGH THE USE OF A BOARD POLICY ADMINISTERED 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 MEMBERSHIP FEES 1,850 PATRONAGE CAPITAL RETIREMENTS -499,385 OTHER COMPREHENSIVE INCOME -12,970 DONATED CAPITAL -48,089 BENEFITS PAID TO MEMBERS 3,343,467 ASC 980-REGULATED LIABILITY 625,000 TOTAL 3,409,873