2025-09-29T14:30:07-04:00 2024-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2024-01-01 560154512 BRUNSWICK ELECTRIC MEMBERSHIP CORPORATION BRUN 9107544391 P O BOX 826 SHALLOTTE NC 28459 LISA FITZGERALD VP FINANCE 9107544391 2025-08-20 true true G STEVEN GILLIAM CPA P00348264 8043231313 2025-09-26 2024 2025-03-06 01:10:19Z JOSHUA WINSLOW PO BOX 826 SHALLOTTE NC 28459 237261316 false X WWW.BEMC.ORG X 1939 NC THE MISSION OF BRUNSWICK ELECTRIC MEMBERSHIP CORPORATION IS TO PROVIDE OUR COOPERATIVE MEMBERSHIP WITH SUPERIOR ELECTRIC AND CONSUMER SERVICES THROUGH OPEN COMMUNICATION, UTILIZING A HIGHLY-TRAINED, EFFICIENT WORK FORCE IN CONJUNCTION WITH A KNOWLEDGEABLE AND WELL-INFORMED MEMBERSHIP. OUR PRIMARY GOAL IS TO DISTRIBUTE SAFE, AFFORDABLE, RELIABLE, AND ENVIRONMENTALLY RESPONSIBLE ELECTRICITY TO OUR MEMBERSHIP. 9 9 211 130572 324773 0 215938734 235604323 1663331 1002843 161757 529470 218088595 237136636 255725 397909 11324822 11164495 25521891 25106382 0 0 176288250 192891573 213390688 229560359 4697907 7576277 510296750 535163525 298038383 312211188 212258367 222952337 X THE MISSION OF BRUNSWICK ELECTRIC MEMBERSHIP CORPORATION IS TO PROVIDE OUR COOPERATIVE MEMBERSHIP WITH SUPERIOR ELECTRIC AND CONSUMER SERVICES THROUGH OPEN COMMUNICATION, UTILIZING A HIGHLY-TRAINED, EFFICIENT WORK FORCE IN CONJUNCTION WITH A KNOWLEDGEABLE AND WELL-INFORMED MEMBERSHIP. OUR PRIMARY GOAL IS TO DISTRIBUTE SAFE, AFFORDABLE, RELIABLE, AND ENVIRONMENTALLY RESPONSIBLE ELECTRICITY TO OUR MEMBERSHIP. false false 216039847 397909 DISTRIBUTION OF ELECTRICITY TO MEMBERS, WHICH INCLUDES THE PURCHASE OF ELECTRIC POWER FROM SUPPLIERS, TRANSMISSION OPERATIONS AND MAINTENANCE, DISTRIBUTION OPERATIONS AND MAINTENANCE, CUSTOMER ACCOUNTING, CUSTOMER SERVICE, MARKETING, GENERAL ADMINISTRATION, AND MINOR NON-OPERATING ACTIVITIES. 11164495 PATRONAGE DIVIDENDS PAID TO MEMBERS' ACCOUNTS. SEE PART IX, LINE 4, "BENEFITS PAID TO OR FOR MEMBERS", PER IRS INSTRUCTIONS. 2356017 OPERATION, MAINTENANCE, AND CONSTRUCTION OF ELECTRIC DISTRIBUTION LINES FOR (1) THE MILITARY OCEAN TERMINAL SUNNY POINT, UNDER THE TERMS OF A LONG-TERM CONTRACT WITH THE UNITED STATES GOVERNMENT, AND (2) THE CITY OF SOUTHPORT, NC. 229560359 false false false false false false false false false true false true false true true true true 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 85 0 true 211 true true true false false false false 223646284 13279150 false false false X 9 9 true false false false true true true true true false false true true true true true true true true false X BRUNSWICK ELECTRIC MEMBERSHIP 9107544391 P O BOX 826 SHALLOTTE NC 28459 JOSHUA WINSLOW CEO / GEN MG 50.00 5.00 X 497360 0 212866 COREY THURLOW COO 48.00 X 342592 0 60714 SCOTT THOMAS VP CORP SERV 40.00 X 347641 0 68948 DAVID REEL VP TECHNOLOG 40.00 X 286424 0 89197 LISA FITZGERALD VP FINANCE 50.00 2.00 X 305912 0 108867 ROBERT MAXWELL VP ENG & OPS 45.00 X 97628 0 18223 JAMES T TIPPETT MGR OPERATIO 50.00 X 240277 0 34902 JAMES GREEN MGR CUSTOMER 40.00 X 200074 0 15456 JAMES E ETHERIDGE SUPER. DIST 40.00 X 163734 0 33720 JOHN E JOHNSON MGR OPERATIO 48.00 X 193684 0 33937 JEFFREY JACKSON MGR, INFO TE 40.00 X 194098 0 34151 AUGUST KUIGRE FOREMAN 40.00 X 164501 0 32808 WILLIAM E GODWIN DIST. OPS SU 40.00 X 162080 0 32995 ROY E STEPHENS FOREMAN 40.00 X 161499 0 32723 BRIAN HALL OPS TECH MGR 40.00 X 159825 0 33507 JOHN WARD DIRECTOR 7.00 2.00 X 50891 1832 0 LARRY FOWLER SECT./ TREAS 10.00 2.00 X X 53146 1972 0 DAVID GORE PRESIDENT 17.00 2.00 X X 66646 2025 0 FREDERICK TEDDER VICE PRESIDE 10.00 2.00 X X 37174 2004 0 CALVIN DUNCAN ASST. SECT./ 3.00 2.00 X X 23671 2084 0 DAN STRICKLAND DIRECTOR 9.00 2.00 X 52696 2068 0 MOSES HERRING DIRECTOR 3.00 2.00 X 25919 1827 0 DEBORAH AHLERS DIRECTOR 2.00 2.00 X 2406 900 0 PERRY SELLERS DIRECTOR 9.00 2.00 X 31360 1827 0 GLENN HUMBERT DIRECTOR 5.00 2.00 X 23710 1824 0 3884948 18363 843014 73 false true false LEE ELECTRICAL CONSTRUCTION INC 12828 HIGHWAY 15 SOUTH ABERDEEN NC 28315 LINE CONST. 12063730 NEW SOUTH MAINTENANCE INC 837 SAVANNAH ROAD TABOR CITY NC 28643 LINE CONST. 2917253 SUMTER UTILITIES INC PO BOX 846391 DALLAS TX 75284 LINE CONST. 2119343 USIC LOCATING SERVICES INC PO BOX 715409 CINCINNATI OH 45271 UNDERGROUND 1291825 CLEMMONS TRIMMING MOWING 218 MT PISGAH ROAD SW SUPPLY NC 28462 RIGHT OF WAY 983376 19 ELEC. SALE/DISTRIBUTION 221000 219581343 219581343 CONTRIBUTION IN AID OF CONST. 221000 10827245 10827245 SOUTHPORT O&M CONTRACT 221000 2497501 2497501 SUNNY POINT O&M CONTRACT 221000 1567440 1567440 CAPITAL CREDITS RECEIVED 221000 1130794 1130794 235604323 1027558 1027558 163604 112953 99965 63639 112953 176592 63016 623 112953 24715 -24715 -24715 -24715 INCOME FROM SUBSIDIARY 221000 222929 222929 LOAN SERVICING FEES 221000 102112 102112 COMMON COSTS ALLOCATION 221000 27837 27837 352878 237136636 235890268 130572 1115796 X 397909 11164495 3884330 16047054 2657056 1009629 1508313 108046 2837939 255446 8227378 22349602 COST OF POWER 142456180 ADMIN & GENERAL 9225400 DISTRIBUTION OPERATION 5936224 DISTRIBUTION MAINTENANCE 3882750 -2387392 229560359 0 0 0 230323 2025 20556195 21490300 27858215 29586354 1801222 2270566 15620868 15807759 1203850 1230745 653408799 251518542 384267407 401890257 1187542 893058 57571128 61992461 510296750 535163525 29044094 33809212 228620239 234770464 1542209 1128148 38831841 42503364 298038383 312211188 X 212258367 222952337 212258367 222952337 510296750 535163525 X 7576277 3117693 X false true X true false 653408799 251518542 401890257 401890257 ASSOC. ORG. PATRONAGE CAPITAL 60203684 C CFC CAPITAL TERM CERTIFICATES 1286627 C CFC MEMBER CAPITAL CERTIFICATE 500000 C MEMBERSHIP FEES 2150 C 61992461 OTHER POSTRETIREMENT BENEFITS 17089485 DEFERRED CREDITS 15769754 CONSUMER DEPOSITS 4933918 CAPITAL LEASE 1416952 ECONOMIC DEVELOPMENT GRANT 1300000 FINANCE LEASE 997559 ACCRUED ANNUAL LEAVE 702428 OTHER LIABILITIES 293268 42503364 X 228346869 4421332 4421332 223925537 13211099 13211099 237136636 215946484 215946484 13613875 13613875 229560359 SCHEDULE D, PAGE 3, PART X NOTE A TO THE FINANCIAL STATEMENTS: INCOME TAXES. THE CORPORATION HAS BEEN GRANTED EXEMPTION FROM INCOME TAX UNDER INTERNAL REVENUE SERVICE CODE SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE CORPORATION EVALUATES THE COMPONENTS OF THE ANNUAL TEST FOR COMPLIANCE TO MAINTAIN ITS FILING STATUS AS A TAX EXEMPT ENTITY. IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION (ASC) 740 FOR UNCERTAIN TAX POSITIONS, THE CORPORATION HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. SCHEDULE D, PAGE 4, PART XI, LINE 2D NONCASH PATRONAGE NOT REVENUE PER IRS 4,421,332 SCHEDULE D, PAGE 4, PART XI, LINE 4B CIAC NOT REVENUE PER GAAP 10,827,245 NONOPERATING ITEMS NETTED ON F/S 2,383,854 SCHEDULE D, PAGE 4, PART XII, LINE 4B NONOPERATING ITEMS NETTED ON F/S 2,383,854 PATRONAGE DIV. PAID TO MEMBERS' ACCTS 11,164,495 UNREALIZED GAIN/LOSS 65,526 false BRUNSWICK FAMILY ASSISTANCE PO BOX 333 SUPPLY NC 28462 561309961 15000 ELECTRIC BILLS COLUMBUS COUNTY DEPT OF AGING PO BOX 1327 WHITEVILLE NC 28472 566000289 15000 ELECTRIC BILLS SCHEDULE I, PAGE 1, PART I, LINE 2 BRUNSWICK FAMILY ASSISTANCE AND COLUMBUS COUNTY DEPARTMENT OF AGING ARE GOVERNMENT AGENCIES. ANY "MONITORING" OF THE USE OF THE PROCEEDS COULD BE VIEWED AS AN INAPPROPRIATE INVASION OF THE ULTIMATE RECIPIENTS' PRIVACY; THEREFORE, BRUNSWICK EMC DOES NOT INVESTIGATE THE USE OF THESE FUNDS (THE IDENTITY OF THE ULTIMATE RECIPIENTS) ONCE THE FUNDS ARE DISBURSED TO THE GOVERNMENT AGENCIES. X X X X X false true false JOSHUA WINSLOW CEO / GEN MGR. 497360 182242 30624 710226 COREY THURLOW COO 334746 7846 37787 22927 403306 SCOTT THOMAS VP CORP SERVICE 340587 7054 39116 29832 416589 DAVID REEL VP TECHNOLOGY 279813 6611 58573 30624 375621 LISA FITZGERALD VP FINANCE 299142 6770 79035 29832 414779 JAMES T TIPPETT MGR OPERATIONS 234503 5774 4278 30624 275179 JAMES GREEN MGR CUSTOMER SVC 195076 4998 3716 11740 215530 JAMES E ETHERIDGE SUPER. DIST / CC 159575 4159 3096 30624 197454 JOHN E JOHNSON MGR OPERATIONS 189079 4605 3424 30513 227621 JEFFREY JACKSON MGR, INFO TECH 189330 4768 3527 30624 228249 AUGUST KUIGRE FOREMAN 161423 3078 2184 30624 197309 WILLIAM E GODWIN DIST. OPS SUPERVISOR 158730 3350 2371 30624 195075 ROY E STEPHENS FOREMAN 158474 3025 2099 30624 194222 BRIAN HALL OPS TECH MGR 155925 3900 2883 30624 193332 SCHEDULE J, PAGE 1, PART I, LINE 4 JOSHUA WINSLOW 0 23,000 0 SCOTT THOMAS 0 23,000 0 DAVID REEL 0 23,000 0 LISA FITZGERALD 0 23,000 0 SCHEDULE J, PART III CERTAIN INDIVIDUALS PARTICIPATE IN A NONQUALIFIED EXECUTIVE BENEFIT RESTORATION PLAN (EBR) UNDER CODE SECTION 457(B), AS A RESULT OF HAVING BENEFITS UNDER THE QUALIFIED 401(K) PLAN RESTRICTED BECAUSE OF MAXIMUM LIMITS ON BENEFITS THAT MAY BE PROVIDED UNDER THE QUALIFIED 401(K) PLAN. FORM 990 - ORGANIZATION'S MISSION THE MISSION OF BRUNSWICK ELECTRIC MEMBERSHIP CORPORATION IS TO PROVIDE OUR COOPERATIVE MEMBERSHIP WITH SUPERIOR ELECTRIC AND CONSUMER SERVICES THROUGH OPEN COMMUNICATION, UTILIZING A HIGHLY-TRAINED, EFFICIENT WORK FORCE IN CONJUNCTION WITH A KNOWLEDGEABLE AND WELL-INFORMED MEMBERSHIP. OUR PRIMARY GOAL IS TO DISTRIBUTE SAFE, AFFORDABLE, RELIABLE, AND ENVIRONMENTALLY RESPONSIBLE ELECTRICITY TO OUR MEMBERSHIP. FORM 990 FORM 990, PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS THIS AMOUNT REPRESENTS PATRONAGE DIVIDENDS PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE-EXISTING OBLIGATION IN SECTION 9.02 OF BRUNSWICK 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. ACCORDINGLY, THESE AMOUNTS ARE NOW REPORTED ON LINE 4. PART IX, LINE 17 TRAVEL PER IRS INSTRUCTIONS, THE TOTAL TRAVEL COSTS ON THIS LINE REPRESENT ALL TRANSPORTATION COSTS OF THE CORPORATION, INCLUDING THE EXPENSE OF PURCHASING, LEASING, OPERATING AND REPAIRING OVER 100 VEHICLES OWNED BY THE CORPORATION. THIS INCLUDES ALL THE LINE AND SERVICE TRUCKS USED IN THE DAILY OPERATIONS OF THE CORPORATION. THESE TRUCKS LOG APPROXIMATELY 1,000,000 MILES EACH YEAR CONSTRUCTING AND MAINTAINING THE ELECTRIC PLANT OF THE CORPORATION. FORM 990, PART VI EACH DIRECTOR OF BRUNSWICK ELECTRIC MEMBERSHIP CORPORATION HAS A BUSINESS RELATIONSHIP WITH ALL OTHER DIRECTORS OF BRUNSWICK ELECTRIC MEMBERSHIP CORPORATION, IN THEIR CAPACITIES AS DIRECTORS OF RURAL CONSUMER SERVICES CORPORATION. FORM 990, PAGE 6, PART VI, LINE 6 THE CORPORATION IS AN ELECTRIC COOPERATIVE THAT DISTRIBUTES ELECTRICITY TO ITS MEMBERS. MEMBERSHIP IS AVAILABLE TO ANY INDIVIDUAL OR BUSINESS THAT DESIRES ELECTRIC SERVICE WITHIN THE CORPORATION'S ASSIGNED SERVICE TERRITORY. FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS OF THE GOVERNING BODY (THE DIRECTORS) OF THE CORPORATION ARE ELECTED BY THE GENERAL MEMBERSHIP OF THE COOPERATIVE AT THE CORPORATION'S ANNUAL MEMBERSHIP MEETING. FORM 990, PAGE 6, PART VI, LINE 7B ALL DECISIONS MADE BY THE GOVERNING BODY OF THE CORPORATION ARE RATIFIED BY THE GENERAL MEMBERSHIP OF THE COOPERATIVE AT THE CORPORATION'S ANNUAL MEMBERSHIP MEETING. FORM 990, PAGE 6, PART VI, LINE 11B PRIOR TO FILING, THE FORM 990 IS PRESENTED TO THE FULL BOARD OF DIRECTORS, AT A REGULARLY SCHEDULED MEETING, BY THE CEO AND VP OF FINANCE. THE BOARD AUTHORIZES THE CEO TO SIGN AND FILE THE RETURN. IN ADDITION, AT VARIOUS MEETINGS THROUGHOUT THE YEAR, THE BOARD RECEIVES TRAINING REGARDING THE ELEMENTS OF THE FORM 990 BY THE CORPORATION'S TAX CONSULTANT AND SPECIAL OUTSIDE LEGAL COUNSEL. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS AT THE BEGINNING OF EACH REGULARLY SCHEDULED MONTHLY MEETING OF THE BOARD OF DIRECTORS. IN ADDITION, OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO SIGN AN ANNUAL STATEMENT DISCLOSING ANY SUCH INTERESTS. FORM 990, PAGE 6, PART VI, LINE 15A CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS OF THE CORPORATION AFTER (1) REVIEW BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS, (2) COMPARISONS WITH COMPENSATION SURVEYS, (3) CONSULTATION WITH OUTSIDE PROFESSIONALS, AND (4) REVIEW OF ANY OTHER PERTINENT DATA. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE CEO AFTER (1) CONSULTATION WITH THE DIRECTOR OF HUMAN RESOURCES, (2) COMPARISONS WITH COMPENSATION SURVEYS, (3) CONSULTATION WITH OUTSIDE PROFESSIONALS, AND (4)REVIEW OF OTHER PERTINENT DATA. FORM 990, PAGE 6, PART VI, LINE 19 ALL GOVERNING DOCUMENTS AND POLICIES (INCLUDING THE CONFLICT OF INTEREST POLICY) ARE AVAILABLE AT THE CORPORATE OFFICES, UPON REQUEST, IN ACCORDANCE WITH STATE AND FEDERAL STATUTES. SUMMARY FINANCIAL STATEMENTS ARE PROVIDED FREE OF CHARGE TO MEMBERS AT THE ANNUAL MEMBERSHIP MEETING. COMPLETE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST, EITHER PAPER OR ELECTRONIC, WITHOUT CHARGE. THE FORM 990 IS AVAILABLE UPON REQUEST, PAPER OR ELECTRONIC, WITHOUT CHARGE. THE FORM 990 IS ALSO AVAILABLE ON-LINE AT "GUIDESTAR.COM", FREE OF CHARGE. FORM 990, PART XI, LINE 9 NONCASH PATRONAGE CAPITAL ALLOCATIONS 4,421,332 PATRONAGE DIV. PAID TO MEMBERS 11,164,495 CIAC NOT REVENUE PER GAAP -10,827,245 RETIREMENT OF CAPITAL CREDITS -1,083,968 OTHER COMPREHENSIVE LOSS -556,921 TOTAL 3,117,693 RURAL CONSUMER SERVICES CORP PO BOX 826 SHALLOTTE NC 28459 561553250 ECON DEVLP NC 501 C 4 BRUNSWICK EMC true SENC ENERGY LLC PO BOX 826 SHALLOTTE NC 28459 474149471 ENERGY NC BRUNSWICK EMC C CORP -63144 923096 1.00000 true false false false false true false false false false true false false false true true false true false true RURAL CONSUMER SERVICES CORPORATION J 100588 FULLY DIST COST RURAL CONSUMER SERVICES CORPORATION O 34301 FULLY DIST COST RURAL CONSUMER SERVICES CORPORATION Q 102112 FULLY DIST COST RURAL CONSUMER SERVICES CORPORATION E 705719 FULLY DIST COST RURAL CONSUMER SERVICES CORPORATION S 205785 FULLY DIST COST SENC ENERGY LLC N 5096 FULLY DIST COST SENC ENERGY LLC O 7508 FULLY DIST COST