2025-08-27T16:12:06-04:00 2024-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2024-01-01 560478157 CENTRAL ELECTRIC MEMBERSHIP CORPORATION CENT 9197744900 PO BOX 1107 SANFORD NC 27331 EDWARD B OLDHAM CEO & GEN. MGR. 9197744900 2025-07-15 true true G STEVEN GILLIAM CPA P00348264 8043231313 2025-08-27 2024 2025-03-06 01:10:19Z EDWARD B OLDHAM PO BOX 1107 SANFORD NC 27331 62196930 false X WWW.CENTRALELECTRICONLINE.COM X 1941 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF CENTRAL EMC 10 10 70 0 0 58111890 61322698 42261 27736 53781 846496 58207932 62196930 22254 14987 3488990 1419195 7710234 8179056 0 0 48888373 53324270 60109851 62937508 -1901919 -740578 133265783 138040596 68334157 72869379 64931626 65171217 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 38,429,814 DEPRECIATION AND AMORTIZATION 5,446,211 OTHER SALARIES AND WAGES 5,376,416 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 false false true 29 0 true 70 true false false false false false 61080593 939341 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 X TABITHA WHITLOW 9197744900 128 WILSON ROAD SANFORD NC 27331 EDWARD B OLDHAM CEO & GEN. M 40.00 X 252966 0 87522 TABITHA L WHITLOW VP FIN & ACT 40.00 X 168600 0 63307 ANGELA D HARE VP OF CUSTOM 40.00 X 158439 0 67367 JODY B ALBRIGHT VP OF MEMBER 40.00 X 155819 0 64844 TERRY COLLINS MANAGER OF O 40.00 X 130957 0 56798 JAMES TAYLOR MGR PAYROLL/ 40.00 X 117153 0 53254 MARTIN JESSUP OVERHEAD FOR 40.00 X 117247 0 48424 NATHAN STEPHENS MGR OF ENGIN 40.00 X 112477 0 51733 JILL ADCOCK DIR OF CUST 40.00 X 116093 0 46623 REBECCA G PASCHAL-COGAN PRESIDENT 5.72 X X 26640 0 0 CHARLES E CAMERON SR DIRECTOR 5.72 X 25920 0 0 C HENRY OUTZ JR DIRECTOR 4.43 X 22350 0 0 J THOMAS DALRYMPLE VICE-PRESIDE 5.55 X X 22140 0 0 NANCY G HOLMES DIRECTOR 2.73 X 21660 0 0 HENRY RANDOLPH DIRECTOR 3.69 X 21000 0 0 JAMES B BROOKS SECRETARY-TR 2.27 X X 20670 0 0 TIMOTHY W PRIEST DIRECTOR 7.08 X 20040 0 0 W PHILLIP THOMPSON JR ASST. SECRET 4.15 X X 20010 0 0 L FRANK COMER III DIRECTOR 2.89 X 11820 0 0 1542001 539872 20 false true false LEE ELECTRICAL CONSTRUCTION 12828 HWY 15 501 SOUTH ABERDEEN NC 28315 OH & UG CONST 2851454 XYLEM TREE EXPERTS 208 E PLUME STREET SUITE 250 NORFOLK VA 23510 ROW MAINTENANCE 1504932 LEWIS TREE SERVICE PO BOX 731897 DALLAS TX 753731897 ROW MAINTENANCE 399800 COOPERATIVE SERVICES CENTER PO BOX 1060 HILLSBOROUGH NC 27278 HUMAN RESOURCES 309270 UNION POWER PO BOX 5014 MONROE NC 28111 ANSWERING SVCS 219360 8 SALE OF ELECTRICITY 221000 60957558 60957558 CONTRIB. IN AID OF CONST. 221000 200654 200654 CASH PATRONAGE RECEIVED 221000 164486 164486 61322698 27736 27736 10237 176996 10237 176996 187233 10237 176996 INCOME FROM EQUITY INV. 221000 638436 638436 OTHER 221000 20827 20827 659263 62196930 61992198 204732 X 14987 1419195 1231114 5376416 1082547 488979 318391 664202 239024 2584512 5446211 COST OF POWER 38429814 DIST. MAINTENANCE 2754859 ADMIN & GENERAL 2276826 DIST. OPERATION 1829517 -1219086 62937508 0 0 0 1286115 1980936 30279 30324 7646330 7184616 298022 193990 1673816 1812109 2252382 3258191 162141558 58507881 100769535 103633677 3698678 3197194 15610626 16749559 133265783 138040596 5964121 7360258 55795227 58949421 711467 633110 5863342 5926590 68334157 72869379 X 64931626 65171217 64931626 65171217 133265783 138040596 X -740578 980169 X false true X true false 162141558 58507881 103633677 103633677 PATRONAGE CAPITAL 16293370 C CAPITAL TERM CERTIFICATES 440870 C OTHER 15319 C 16749559 OTHER POST-RETIREMENT 3321129 DEFERRED CREDITS 1348544 CONSUMER DEPOSITS 1256917 5926590 X 63360513 1364237 1364237 61996276 200654 200654 62196930 61518313 61518313 1419195 1419195 62937508 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 ITS 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 1,139,952 ADJ FOR INCOME FROM EQUITY INV 224,285 SCHEDULE D, PAGE 4, PART XI, LINE 4B CIAC 200,654 SCHEDULE D, PAGE 4, PART XII, LINE 4B MARGINS ASSIGNED TO MEMBERS 1,419,195 false CENTRAL ELEC MEM CARE TRUST PO BOX 1107 SANFORD NC 27331 800958464 3 14987 COSTS LABOR ADMIN ASSISTANCE 1 X X false false false EDWARD B OLDHAM CEO & GEN. MGR. 252966 74037 13485 340488 TABITHA L WHITLOW VP FIN & ACTG 168600 49822 13485 231907 ANGELA D HARE VP OF CUSTOMER SERV 158439 49119 18248 225806 JODY B ALBRIGHT VP OF MEMBER SERVICE 155819 46596 18248 220663 TERRY COLLINS MANAGER OF OPS 130957 38550 18248 187755 JAMES TAYLOR MGR PAYROLL/HR/COMMS 117153 35006 18248 170407 MARTIN JESSUP OVERHEAD FOREMAN 117247 30176 18248 165671 NATHAN STEPHENS MGR OF ENGINEERING 112477 33485 18248 164210 JILL ADCOCK DIR OF CUST SERVICE 116093 33138 13485 162716 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 1,139,952 PATRONAGE DIV. PAID TO MEMBERS 1,419,195 OCI ADJUSTMENT TO EQUITY 0 INCREASE IN MEMBERSHIPS 1,195 BOOK TAX DIFFERENCE SANDHILLS UTILITY SERVICES 224,285 CONTRIBUTIONS IN AID OF CONSTRUCTION -200,654 NET RETIREMENT OF CAPITAL CREDITS -1,394,555 OCI ADJUSTMENT TO EQUITY -209,249 TOTAL 980,169 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 14987 COST