2025-08-28T14:22:50-04:00 2024-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2024-01-01 560123345 PEE DEE ELECTRIC MEMBERSHIP CORP PEED 7046942114 9825 US HIGHWAY 74 EAST LILESVILLE NC 28091 DONALD H SPIVEY CEO & EXEC. VP 7046942114 2025-06-28 true true G STEVEN GILLIAM CPA P00348264 8043231313 2025-08-22 2024 2025-03-06 01:10:19Z DONALD H SPIVEY 9825 US HIGHWAY 74 EAST LILESVILLE NC 28091 56800150 false X WWW.PDEMC.COM X 1939 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF PDEMC 10 10 69 0 110585 114461 49694826 55389744 193843 256405 346147 1039540 50345401 56800150 124533 147231 3415932 4298272 8358196 9186431 0 0 39662894 43787003 51561555 57418937 -1216154 -618787 162330654 172664454 84678304 92232042 77652350 80432412 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF PDEMC false false SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF PDEMC. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 31,665,900 DEPRECIATION AND AMORTIZATION 5,893,648 OTHER SALARIES AND WAGES 5,794,665 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 false false false true 25 0 true 69 true false false false false true false 55281595 753623 false false false X 10 10 false false false false true true true true true false false true true true true true true true true false X THE CORPORATION 7046942114 9825 US HIGHWAY 74 EAST LILESVILLE NC 28091 DONALD H SPIVEY CEO & EXEC. 40.00 X 308448 0 201862 ANTHONY EASON VP ENG. & OP 40.00 X 183148 0 41613 CHRIS BAXLEY LINEMAN FIRS 40.00 X 173372 0 51046 CHRIS PARKER CREW FOREMAN 40.00 X 138900 0 74265 BRYAN STILWELL CREW FOREMAN 40.00 X 135738 0 47877 BRAD BILLINGSLEY CREW FOREMAN 40.00 X 136483 0 40744 JESSE PUCKETT SERVICEMAN 40.00 X 138248 0 19439 JORDAN HILDRETH VP OF FINANC 40.00 X 123420 0 32794 RICHARD H JOHNSON PRESIDENT 7.00 X X 14972 0 0 RICHARD V MELTON DIRECTOR 7.00 X 10156 0 0 BENJAMIN R LYBRAND VICE PRESIDE 6.00 X X 8765 0 0 WINNIE M BENNETT DIRECTOR 2.00 X 5406 0 0 BENJAMIN MCCALLUM JR SEC. / TREAS 2.00 X X 5156 0 0 MARCIA A LAMBETH DIRECTOR 3.00 X 5156 0 0 ROBERT C DAVIS JR DIRECTOR 1.00 X 3906 0 0 PAUL L TURNER III DIRECTOR 1.00 X 2906 0 0 CRAIG W RATLIFF DIRECTOR 1.00 X 2562 0 0 STEPHEN D THOMPSON DIRECTOR 1.00 X 1932 0 0 1398674 509640 12 false true false LEE ELECTRICAL CONSTRUCTION PO BOX 55 ABERDEEN NC 28315 CONSTRUCTION 2256638 XYLEM 208 E PLUME ST SUITE 250 NORFOLK VA 23510 RIGHT OF WAY 1890035 MERIDIAN COOPERATIVE 100 ASHFORD CENTER NORTH SUITE 500 ATLANTA GA 30338 COMP. SOFTWARE 657087 UNION POWER COOPERATIVE PO BOX 5014 MONROE NC 28111 DISPATCHING 253821 SOUTHEAST WOODLAND SERVICES 431 CAINES LANDING RD CONWAY SC 29526 RIGHT OF WAY 225656 9 114461 114461 SALE AND DIST. OF ELECT. 221000 55044098 55044098 CONTRIB. IN AID OF CONST. 221000 199272 199272 PATRONAGE ALLOC. RECEIVED 221000 146374 146374 55389744 249372 249372 447132 447132 447132 447132 7033 7033 7033 7033 EARNINGS FROM EQ. INV. 592033 592033 OTHER 375 375 592408 56800150 55982152 703537 X 147231 4298272 1512872 5794665 1124832 207094 546968 16781 1346189 732223 2184212 5893648 COST OF POWER 31665900 DISTRIBUTIION MAINTENANCE 4012047 ADMIN & GENERAL 2007247 DISTRIBUTION OPERATION 813062 -4884306 57418937 0 0 0 1892859 3857021 9614082 11988616 2434033 2253204 795927 1457038 180452482 48628870 126861697 131823612 14637109 15573520 6094947 5711443 162330654 172664454 4899156 6808387 71747007 76705133 8032141 8718522 84678304 92232042 X 77652350 80432412 77652350 80432412 162330654 172664454 X -618787 3398849 X false true X true false 1267711 1267711 179184771 48628870 130555901 131823612 PATRONAGE CAPITAL CERTIFICATES 14581011 C CAPITAL TERM CERTIFICATES 734856 C OTHER 253153 C MEMBERSHIP FEES 4500 C 15573520 APBO 5679702 OTHER CURRENT LIABILITIES 1528510 DEFERRED CREDITS 967669 CONSUMER DEPOSITS 542641 8718522 X 57814114 1213236 1213236 56600878 199272 199272 56800150 53116248 53116248 4302689 4302689 57418937 SCHEDULE D, PAGE 3, PART X THE CORPORATION FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE CORPORATION 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 2D ADJ. FOR CASH PAT. REC. 926,494 BOOK TAX DIFFERENCE SANDHILLS UTILITY SERV 258,389 CARE TO SHARE RECLASS -114,461 UNREALIZED GAIN ON INVESTMENTS 142,814 SCHEDULE D, PAGE 4, PART XI, LINE 4B CIAC 199,272 SCHEDULE D, PAGE 4, PART XII, LINE 4B CARE TO SHARE ACTIVITY 147,231 PAT. DIV. PAID TO MEMBERS 4,298,272 UNREALIZED GAIN ON INVESTMENTS -142,814 false CITY OF HAMLET FIRE DEPARTMENT 302 CHAMPLAIN ST HAMLET NC 28345 566001239 7500 GENERAL SUPPORT EAST ROCKINGHAM FIRE DEPARTMENT 487 AIRPORT RD ROCKINGHAM NC 28379 561120480 7500 GENERAL SUPPORT HAMLET RESCUE AND EMS PO BOX 109 HAMLET NC 28345 561858714 7500 GENERAL SUPPORT ELLERBE FIRE DEPARTMENT 108 W PAGE ST ELLERBE NC 28338 7500 GENERAL SUPPORT PEKIN VOLUNTEER FIRE DEPARTMENT 5321 PEKIN RD MOUNT GILEAD NC 27306 561544144 7500 GENERAL SUPPORT RICHMOND COUNTY CHEIFS ASSOCIATION 200 INDUSTRIAL PARK DR ROCKINGHAM NC 28379 920375505 7500 GENERAL SUPPORT RICHMOND COUNTY RESCUE SQUAD 1004 ROCKINGHAM RD ROCKINGHAM NC 28379 237441293 7500 GENERAL SUPPORT GIBSON SOUTHWEST DISTRICT FIRE DPT 6280 GIBSON RD GIBSON NC 28343 202315895 7500 GENERAL SUPPORT HOFFMAN FIRE DEPT AND RESCUE SQUAD 3373 N US HWY 1 HOFFMAN NC 28347 581632477 7500 GENERAL SUPPORT X X X X X false false false DONALD H SPIVEY CEO & EXEC. VP 308448 194666 7196 510310 ANTHONY EASON VP ENG. & OPERATIONS 183148 34417 7196 224761 CHRIS BAXLEY LINEMAN FIRST CLASS 173372 38145 12901 224418 CHRIS PARKER CREW FOREMAN 138900 67069 7196 213165 BRYAN STILWELL CREW FOREMAN 135738 28303 19574 183615 BRAD BILLINGSLEY CREW FOREMAN 136483 33548 7196 177227 JESSE PUCKETT SERVICEMAN 138248 12243 7196 157687 JORDAN HILDRETH VP OF FINANCE 123420 13220 19574 156214 FORM 990 FORM 990, PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS PATRONAGE DIVIDENDS PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE- EXISTING OBLIGATION IN PEE DEE 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. FORM 990, PART IX, TRAVEL COSTS TRAVEL COSTS INCLUDE THE EXPENSES OF PURCHASING, LEASING, OPERATING, AND REPAIRING ANY VEHICLES OWNED BY THE CORPORATION AND USED IN THE CORPORATION'S ACTIVITIES. TRAVEL COSTS ALSO INCLUDE TRANSPORTATION COSTS, MEALS AND LODGING, AND PER DIEM PAYMENTS. FORM 990, PAGE 6, PART VI, LINE 6 PEE DEE 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 IS THE GOVERNING BODY OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS OF PEE DEE EMC 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 THE CEO PROVIDES A COPY OF THE 990 TO THE FINANCE COMMITTEE AND GOVERNING BODY PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C EACH DIRECTOR, OFFICER AND KEY EMPLOYEE MUST ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST FORM. FORM 990, PAGE 6, PART VI, LINE 15A THE GOVERNING BODY HAS A COMPENSATION COMMITTEE THAT REVIEWS THE CEO'S PERFORMANCE ANNUALLY AND RECOMMENDS SALARY CHANGES TO THE BOARD. AS PART OF THIS REVIEW, THE COMMITTEE CONSIDERS THE RECOMMENDATIONS FROM THE OUTSIDE SALARY CONSULTANT AND OTHER STATEWIDE COMPARISON DATA FROM ELECTRIC COOPERATIVES THROUGHOUT THE STATE. THE CEO REVIEWS AND RECOMMENDS SALARY CHANGE. FORM 990, PAGE 6, PART VI, LINE 15B THE CEO REVIEWS AND RECOMMENDS SALARY CHANGES FOR OTHER OFFICERS AND KEY EMPLOYEES TO THE COMPENSATION COMMITTEE FOR APPROVAL BASED ON THE RECOMMENDATION OF AN OUTSIDE SALARY CONSULTANT. FORM 990, PAGE 6, PART VI, LINE 19 FINANCIAL DATA IS PROVIDED TO THE MEMBERSHIP AT THE ANNUAL MEETING AND ALSO INCLUDED ON THE COOPERATIVE'S WEBSITE. IN ADDITION, THE ANNUAL REPORT IS PROVIDED TO THE MEMBERSHIP IN THE COOP'S MONTHLY MAGAZINE. OTHER GOVERNING DOCUMENTS INCLUDING THE FORM 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 PAT. DIV. PAID TO MEMBERS' ACCTS NOT EXP PER GAAP 4,298,272 NONCASH PATRONAGE ALLOCATIONS NOT REV PER IRS 926,494 BOOK TAX DIFFERENCE SANDHILLS UTILITY SVCS 258,389 CARE TO SHARE ACTIVITY 32,770 NET RETIREMENT OF CAPITAL CREDITS -1,201,965 CIAC NOT REVENUE PER GAAP -199,272 OCI -715,839 TOTAL 3,398,849