2020-09-16T10:57:50-05:00 2019-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2019-01-01 560123345 PEE DEE ELECTRIC MEMBERSHIP CORP PEED 7046942114 575 US HIGHWAY 52 SOUTH WADESBORO NC 28170 DONALD H SPIVEY CEO & EXEC. VP 7046942114 2020-09-02 true G STEVEN GILLIAM CPA P00348264 8043231313 2020-09-03 72.84.234.34 2020-09-16 10:57:50 CD P ACA39D8962F2BB59B316BF06430B2B7C29AE552B 61A6FECD8215AA087FF7745E3D605B7EF8D8F4B6 2019 2021-04-22 16:20:28Z DONALD H SPIVEY 575 US HIGHWAY 52 SOUTH WADESBORO NC 28170 47455438 false X WWW.PDEMC.COM X 1939 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF PDEMC 10 10 70 0 1587556 472354 47283400 46263453 417393 303160 289921 344916 49578270 47383883 161301 110548 3796851 3545395 7408508 7360103 0 0 39701181 37966399 51067841 48982445 -1489571 -1598562 124687705 127912878 63941052 63134238 60746653 64778640 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 28,256,044 OTHER SALARIES AND WAGES 4,783,994 DEPRECIATION AND AMORTIZATION 4,902,558 false false false false false false false false false true false true true 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 30 0 true 70 true false false false false true false 46173346 568506 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 575 HWY 52 SOUTH WADESBORO NC 28170 DONALD H SPIVEY CEO & EXEC. 40.00 X 228666 0 139967 PHILLIP MABRY CFO 40.00 X 123708 0 56342 ANTHONY EASON VP ENG. & OP 40.00 X 141248 0 26726 CATHY PAGE VP MEMBER SE 40.00 X 112687 0 51520 DAVID BURR DISTRICT MGR 40.00 X 106623 0 53184 BETTY KNIGHT VP HUMAN RES 40.00 X 120121 0 37358 JAKE MCGEE DISTRICT MGR 40.00 X 105218 0 48789 JANET CARSON VP IT 40.00 X 104066 0 17691 RICHARD H JOHNSON PRESIDENT 8.00 X X 15423 0 0 DONALD A THOMPSON VICE PRESIDE 3.00 X X 9944 0 0 BENJAMIN LYBRAND DIRECTOR 6.00 X 9035 0 0 RICHARD V MELTON DIRECTOR 5.00 X 8866 0 0 BENJAMIN MCCALLUM JR SEC. / TREAS 3.00 X X 6666 0 0 MARCIA A LAMBETH DIRECTOR 4.00 X 6201 0 0 WINNIE M BENNETT DIRECTOR 2.00 X 4846 0 0 CRAIG RATLIFF DIRECTOR 1.00 X 3430 0 0 ROBERT C DAVIS JR DIRECTOR 1.00 X 2866 0 0 PAUL L TURNER III DIRECTOR 1.00 X 2341 0 0 1111955 431577 10 false true false XYLEM 208 E PLUME ST SUITE 250 NORFOLK VA 23510 RIGHT OF WAY 1206468 LEE ELECTRICAL CONSTRUCTION 12828 US-501 ABERDEEN NC 28315 CONSTRUCTION 694436 SOUTHEASTERN DATA COOP INC 100 ASHFORD CENTER NORTH ATLANTA GA 30338 COMP. SOFTWARE 498838 BOOTH & ASSOCIATES 5811 GLENWOOD AVE STE 109 RALEIGH NC 27612 ENGINEERING 321966 ANSON CONTRACTORS 1135 AVERY RD POLKTON NC 28135 GRADING 290548 8 368889 103465 472354 SALE AND DIST. OF ELECT. 221000 46069881 46069881 PATRONAGE ALLOC. RECEIVED 221000 166703 166703 CONTRIB. IN AID OF CONST. 221000 26869 26869 46263453 286290 286290 211161 211161 211161 211161 88425 71555 16870 16870 16870 EARNINGS FROM EQ. INV. 133536 133536 OTHER 219 219 133755 47383883 46397208 514321 X 110548 3545395 786275 4783994 944445 423179 422210 18680 1015436 369590 1506025 4902558 COST OF POWER 28256044 DISTRIBUTIION MAINTENANCE 2845573 ADMIN & GENERAL 1549351 DISTRIBUTION OPERATION 702408 -3199266 48982445 0 0 0 66512 44044 2676160 3117870 12580091 10250506 1639342 1726226 1840801 1739688 130710897 38024675 88933982 92686222 9476362 10527068 7474455 7821254 124687705 127912878 3963005 3894617 46517779 48086216 13460268 11153405 63941052 63134238 X 60746653 64778640 60746653 64778640 124687705 127912878 X -1598562 5630549 X false true X true false 829616 829616 129881281 38024675 91856606 92686222 PATRONAGE CAPITAL CERTIFICATES 9561401 C CAPITAL TERM CERTIFICATES 767437 C OTHER 193730 C MEMBERSHIP FEES 4500 C 10527068 EQUITY INVESTMENTS 6069109 WCMA INVESTMENTS 1752145 7821254 APBO 6777809 DEFERRED CREDITS 2486649 OTHER CURRENT LIABILITIES 1226609 CONSUMER DEPOSITS 662338 11153405 X 48878500 1890375 1890375 46988125 395758 395758 47383883 44957613 44957613 4024832 4024832 48982445 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. 1,041,095 BOOK TAX DIFFERENCE SANDHILLS UTILITY SERV 952,745 CARE TO SHARE RECLASS -103,465 SCHEDULE D, PAGE 4, PART XI, LINE 4B CIAC 26,869 FEMA 368,889 SCHEDULE D, PAGE 4, PART XII, LINE 4B CARE TO SHARE ACTIVITY 110,548 PAT. DIV. PAID TO MEMBERS 3,545,395 FEMA 368,889 false ALLEN CROSSROADS FIRE DEPARTMENT 5408 WHITE STORE RD WINGATE NC 28174 581450417 7500 FMV EQUIPMENT PURCHASE MOUNTAIN CREEK FIRE DEPARTMENT 248 GODFREY RD ELLERBE NC 28338 561404201 7500 FMV EQUIPMENT PURCHASE ELLERBE RESCUE SQUAD PO BOX 148 106 SUNSET AVE ELLERBE NC 28338 561487713 7500 FMV EQUIPMENT PURCHASE ELLERBE FIRE DEPARTMENT PO BOX 310 ELLERBE NC 28338 566001219 7500 FMV EQUIPMENT PURCHASE AQUADALE FIRE DEPARTMENT 11578 NC HWY 138 NORWOOD NC 28128 561403064 7500 FMV EQUIPMENT PURCHASE WEST END FIRE & RESCUE PO BOX 596 4203 NC HWY 73 WEST END NC 27376 561410545 7500 FMV EQUIPMENT PURCHASE X X X X X false false false DONALD H SPIVEY CEO & EXEC. VP 228666 126595 13372 368633 PHILLIP MABRY CFO 123708 52288 4054 180050 ANTHONY EASON VP ENG. & OPERATIONS 141248 22672 4054 167974 CATHY PAGE VP MEMBER SERVICES 112687 47466 4054 164207 DAVID BURR DISTRICT MGR OF OPS 106623 53184 159807 BETTY KNIGHT VP HUMAN RESOURCES 120121 33304 4054 157479 JAKE MCGEE DISTRICT MGR OF OPS 105218 40940 7849 154007 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 NONCASH PATRONAGE ALLOCATIONS NOT REV PER IRS 1,041,095 PAT. DIV. PAID TO MEMBERS' ACCTS NOT EXP PER GAAP 3,545,395 BOOK TAX DIFFERENCE SANDHILLS UTILITY SVCS 952,745 CARE TO SHARE ACTIVITY 7,083 OCI ADJUSTMENT 1,161,124 CIAC NOT REVENUE PER GAAP -26,869 NET RETIREMENT OF CAPITAL CREDITS -1,050,024 TOTAL 5,630,549