2020-09-24T10:04:01-05:00 2019-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2019-01-01 560478157 CENTRAL ELECTRIC MEMBERSHIP CORPORATION CENT 9197744900 PO BOX 1107 SANFORD NC 27331 EDWARD OLDHAM CEO & GEN. MGR. 9197744900 2020-09-18 true G STEVEN GILLIAM CPA P00348264 8043231313 2020-09-24 72.84.234.34 2020-09-24 10:04:01 CD P ACA39D8962F2BB59B316BF06430B2B7C29AE552B 6A8AB175529F086EBF9CAC73DF7C4D5CDBFF734C 2019 2022-01-07 14:23:13Z EDWARD OLDHAM PO BOX 1107 SANFORD NC 27331 56838381 false X WWW.CENTRALELECTRICONLINE.COM X 1941 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF CENTRAL EMC 10 10 73 0 660089 56666423 55734621 118792 183815 110460 145420 56895675 56723945 39089 46153 3233949 2684944 7057795 7345344 0 0 48318583 48200266 58649416 58276707 -1753741 -1552762 117045818 119274146 67904499 65661704 49141319 53612442 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF CENTRAL EMC false false SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF CENTRAL ELECTRIC MEMBERSHIP CORPORATION. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 35,269,329 OTHER SALARIES AND WAGES 4,428,930 DEPRECIATION AND AMORTIZATION 4,261,954 false false false false false false false false false true false true false true false 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 false false true 31 0 true 73 true false false false false false 55457683 694589 false false false X 10 10 false false false false true true true true true false false false true true true true true true true false NC X TABITHA WHITLOW 9197744900 128 WILSON ROAD SANFORD NC 27331 MORRIS MCCLELION FORMER CEO & 40.00 X 221317 0 66960 EDWARD OLDHAM CEO & GEN. M 40.00 X 165447 0 53566 ANGELA D HARE VP OF CUSTOM 40.00 X 124938 0 49781 TABITHA WHITLOW VP FIN & ACT 40.00 X 129444 0 41735 WESLEY T DAVIS SYSTEM ENGIN 40.00 X 116556 0 48490 JODY B ALBRIGHT VP OF MEMBER 40.00 X 122321 0 38368 THOMAS DUCKWORTH LINE SUPERIN 40.00 X 117912 0 41170 GEORGE D LANGSTON VP ADMIN SVC 40.00 X 116702 0 41133 KENT GUNTER SUPERINTENDE 40.00 X 112986 0 40921 TERRIE HIGH MANAGER OF H 40.00 X 112084 0 39390 MARTIN JESSUP OVERHEAD FOR 40.00 X 110861 0 37956 HENRY RANDOLPH DIRECTOR 3.91 X 24539 0 0 J THOMAS DALRYMPLE VICE-PRESIDE 5.65 X X 23219 0 0 L FRANK COMER III DIRECTOR 4.08 X 22919 0 0 REBECCA G PASCHAL-COGAN PRESIDENT 5.18 X X 22694 0 0 W PHILLIP THOMPSON JR ASST. SECRET 3.39 X X 22319 0 0 TIMOTHY W PRIEST DIRECTOR 4.93 X 22019 0 0 EDITH C COX DIRECTOR 2.17 X 17700 0 0 NANCY G HOLMES DIRECTOR 2.43 X 14100 0 0 HENRY C OUTZ JR DIRECTOR 4.27 X 13768 0 0 JAMES B BROOKS SECRETARY-TR 1.26 X X 11520 0 0 1645365 499470 12 false true false LEE ELECTRICAL CONSTRUCTION PO BOX 55 ABERDEEN NC 28315 OH & UG CONST 1497523 LEWIS TREE SERVICE PO BOX 731897 DALLAS TX 753731897 ROW MAINTENANCE 812418 SANFORD CONTRACTORS INC PO BOX 9 LEMON SPRINGS NC 28355 CONSTRUCTION 596915 XYLEM TREE EXPERTS 208 E PLUME STREET SUITE 250 NORFOLK VA 23510 ROW MAINTENANCE 359239 UNION POWER COOPERATIVE PO BOX 5014 MONROE NC 281115014 ANSWERING SVCS 108972 5 660089 660089 SALE OF ELECTRICITY 221000 55457683 55457683 CASH PATRONAGE RECEIVED 221000 176506 176506 CONTRIB. IN AID OF CONST. 221000 100432 100432 55734621 168449 168449 7800 134608 7800 134608 142408 7800 134608 129802 114436 15366 15366 -19476 34842 OTHER 221000 3012 3012 3012 56723945 55725957 337899 X 46153 2684944 1366509 4428930 957809 167368 424728 211016 633262 395706 1821882 4261954 COST OF POWER 35269329 DIST. MAINTENANCE 2642429 DIST. OPERATION 1788340 ADMIN & GENERAL 1544393 -368045 58276707 0 0 0 1456526 2570176 30198 30214 9806202 9422457 1013477 890296 839385 846118 3999329 3896446 127175451 41465102 85077221 85710349 5078730 5035433 9744750 10872657 117045818 119274146 4618253 5644035 47884816 46978353 1173355 1080977 14228075 11958339 67904499 65661704 X 49141319 53612442 49141319 53612442 117045818 119274146 X -1552762 6023885 X false true X true true true 127175451 41465102 85710349 85710349 PATRONAGE CAPITAL 10162894 C CAPITAL TERM CERTIFICATES 468618 C CFC SELECT NOTE 225000 C OTHER 16145 C 10872657 OTHER POST-RETIREMENT 5368366 DEFERRED CREDITS 4997193 CONSUMER DEPOSITS 1592780 11958339 57967053 2003629 2003629 55963424 760521 760521 56723945 54826195 54826195 3450512 3450512 58276707 SCHEDULE D, PAGE 4, PART XI, LINE 2D ADJ. FOR CASH PAT. REC 1,156,360 ADJ FOR INCOME FROM EQUITY INV 847,268 ROUNDING ADJ 1 SCHEDULE D, PAGE 4, PART XI, LINE 4B CIAC 100,432 RECLASS FEMA FUNDS FROM EXP 660,089 SCHEDULE D, PAGE 4, PART XII, LINE 4B FEMA FUNDS 660,089 MARGINS ASSIGNED TO MEMBERS 2,684,944 LOSS FROM EQUITY INVESTMENT 105,478 ROUNDING ADJ 1 false CENTRAL ELEC MEM CARE TRUST PO BOX 1107 SANFORD NC 27331 800958464 3 46153 COSTS LABOR ADMIN ASSISTANCE 1 X X false false false MORRIS MCCLELION FORMER CEO & GM 221317 58845 8115 288277 EDWARD OLDHAM CEO & GEN. MGR. 165447 42497 11069 219013 ANGELA D HARE VP OF CUSTOMER SERV 124938 34820 14961 174719 TABITHA WHITLOW VP FIN & ACTG 129444 30666 11069 171179 WESLEY T DAVIS SYSTEM ENGINEER 116556 33529 14961 165046 JODY B ALBRIGHT VP OF MEMBER SERVICE 122321 27299 11069 160689 THOMAS DUCKWORTH LINE SUPERINTENDENT 117912 30641 10529 159082 GEORGE D LANGSTON VP ADMIN SVCS 116702 30064 11069 157835 KENT GUNTER SUPERINTENDENT 112986 29852 11069 153907 TERRIE HIGH MANAGER OF HR 112084 28570 10820 151474 FORM 990, PAGE 6, PART VI, LINE 6 CENTRAL 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 SERVE AS THE GOVERNING BODY OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS OF CENTRAL ELECTRIC MEMBERSHIP CORPORATION RECEIVE ONE VOTE WITH RESPECT TO SELECTING THE GOVERNING BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS AS PROVIDED FOR IN THE COOPERATIVE BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT REVIEWS A COPY OF THE 990 FOR ACCURACY BEFORE FURNISHING IT TO THE CEO AND THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICTS OF INTEREST ARE COVERED UNDER THE ORGANIZATION'S CODE OF CONDUCT, WHICH STATES "EMPLOYEES ARE ENCOURAGED TO TALK TO SUPERVISORS, MANAGERS OR OTHER APPROPRIATE PERSONNEL ABOUT OBSERVED ILLEGAL OR UNETHICAL BEHAVIOR, AS WELL AS ACTUAL OR SUSPECTED VIOLATIONS OF THE POLICY OF WHICH THEY ARE AWARE, OR CONCERNS ABOUT THE BEST COURSE OF ACTION IN A PARTICULAR SITUATION." A COPY OF THE POLICY IS POSTED ON-LINE AT EACH OFFICE LOCATION. EMPLOYEES ARE NOTIFIED ONCE A YEAR ABOUT THE POLICY AND ARE EXPECTED TO REVIEW IT. EMPLOYEES ARE EXPECTED TO COOPERATE IN INTERNAL INVESTIGATIONS OF MISCONDUCT. DIRECTORS ARE SIMILARLY ENCOURAGED TO DISCUSS SUCH ISSUES WITH FELLOW DIRECTORS OR WITH THE PRESIDENT OF THE BOARD. DIRECTORS SIGN A QUESTIONNAIRE THAT ASKS ABOUT THE POTENTIAL CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION PERIODICALLY USES THE SERVICES OF A CONSULTING SERVICE WHICH COMPARES THE ORGANIZATION'S COMPENSATION WITH THAT OF SIMILAR ORGANIZATIONS. SALARIES OF MANAGEMENT PERSONNEL ARE REVIEWED BY THE BOARD OF DIRECTORS, AND FILES ARE MAINTAINED FOR THE REVIEW PROCESS BY WHICH MERIT RAISES ARE GRANTED. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION PERIODICALLY USES THE SERVICES OF A CONSULTING SERVICE WHICH COMPARES THE ORGANIZATION'S COMPENSATION WITH THAT OF SIMILAR ORGANIZATIONS. SALARIES OF MANAGEMENT PERSONNEL ARE REVIEWED BY THE BOARD OF DIRECTORS, AND FILES ARE MAINTAINED FOR THE REVIEW PROCESS BY WHICH MERIT RAISES ARE GRANTED. FORM 990, PAGE 6, PART VI, LINE 19 A COPY OF THE BYLAWS ARE PROVIDED TO NEW MEMBERS. A CONDENSED FINANCIAL STATEMENT IS PROVIDED TO THE MEMBERS AS PART OF THE ORGANIZATION'S ANNUAL REPORT. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S HEADQUARTERS. THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE ANNUAL AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. FORM 990, PART XI, LINE 9 NONCASH PATRONAGE ALLOCATIONS NOT REVENUE PER IRS 1,156,360 PATRONAGE DIV. PAID TO MEMBERS 2,684,944 OCI ADJUSTMENT TO EQUITY 2,200,034 INCREASE IN MEMBERSHIPS 1,100 BOOK TAX DIFFERENCE SANDHILLS UTILITY SERVICES 952,746 DEFERRED REVENUE ALLOCATION 1,000,000 CONTRIBUTIONS IN AID OF CONSTRUCTION -100,432 NET RETIREMENT OF CAPITAL CREDITS -1,609,582 NET 2018 MARGINS ASSIGNABLE -261,285 TOTAL 6,023,885 CENTRAL ELECTRIC MEMBER CARE TRUST PO BOX 1107 SANFORD NC 27331 800958464 CHARITABLE NC 501C 3 CENTRAL EM CENTRAL ELECTRIC MEMBERSHIP CORPORA false false false false false false false false false false false false false false false true false false false false CENTRAL ELECTRIC MEMBER CARE TRUST O 46153 COST