2019-11-15T15:36:22-05:00 2018-12-31 451563674 EDDIE CARRICK CPA PC 151 YOUNG DRIVE Lexington NC 27292 990 2018-01-01 570123093 BERKELEY ELECTRIC COOPERATIVE INC BERK PO BOX 1234 MONCKS CORNER SC 294611234 JOEL STEVENS VP FINANCE 8437618200 2019-11-13 true EDDIE CARRICK P01315064 3362492545 2019-11-15 70.61.124.138 2019-11-15 15:47:25 6948782019319vlxew04 2019-11-15 P 5B5DC513DD4F473247356D71D8FD2D4AC137348E 5B5DC513DD4F473247356D71D8FD2D4AC137348E 2018 2020-04-17 16:48:07Z DWAYNE CARTWRIGHT 414 HWY 52N MONCKS CORNER SC 29461 324974764 false X WWW.BEC.COOP X 1940 SC TO PROVIDE AFFORDABLE, SAFE AND RELIABLE ELCTRIC SERVICE TO OUR MEMBERS 9 9 364 30055 32449 0 281771127 320927919 2410322 2894718 713802 1148170 284895251 324970807 0 8349466 13960742 928820 1052474 0 0 275616965 309957591 284895251 324970807 0 429930339 461428469 302758901 310439760 127171438 150988709 TO PROVIDE AFFORDABLE, SAFE AND RELIABLE ELCTRIC SERVICE TO OUR MEMBERS false false 324970807 PROVIDING ELECTRICITY TO OUR MEMBERS IN BERKELEY, CHARLESTON AND DORCHESTER COUNTIES IN SOUTH CAROLINA 324970807 false false false false false false false false true false false false true true true true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 101 0 true 364 true true true false false false false 323898613 1072194 false false false X 9 9 false false false false true true true true true false false true true true true true true true true true true SC X X DWAYNE CARTWRIGHT 8437618200 414 HIGHWAY 52 NORTH MONCKS CORNER SC 29461 H BRUNSON CHAIRMAN 9.00 0.00 X X 36522 400 0 W DEWITT SECRETARY TREASURER 13.00 0.00 X X 38793 400 0 C CADDELL BOARD MEMBER 10.00 0.00 X 36687 400 0 WILLIS SANDERS VICE CHAIRMAN 22.00 0.00 X X 42650 400 0 C P SHULER BOARD MEMBER 10.00 0.00 X 38101 400 0 HENRY CHAVIS SR BOARD MEMBER 20.00 0.00 X 24600 400 0 GEORGE MCFADDEN BOARD MEMBER 16.00 0.00 X 34950 400 0 ROBERT VANDROSS BOARD MEMBER 10.00 0.00 X 36025 400 0 SAM GOURDINE BOARD MEMBER 9.00 0.00 X 36025 400 0 DWAYNE CARTWRIGHT CEO 55.00 0.00 X 402092 0 121641 JOEL STEVENS VP FINANCE 45.00 0.00 X 158105 0 42684 TIM MOBLEY VP ENGINEERING AND OPERATIONS 45.00 0.00 X 186742 0 195002 SCOTT SHEPHERD VP CUSTOMER SERVICE 47.00 0.00 X 168781 0 175414 LOUISE MEADE VP HUMAN RESOURCES 42.00 0.00 X 162266 0 194028 TONY CAPOBIANCO VP INFORMATION SYSTEMS 48.00 0.00 X 160708 0 96750 MARK GADDY VP ECONOMIC DEVELOPMENT 44.00 0.00 X 149046 0 185393 1712093 3600 1010912 21 false true false SUMNTER UTILITIES PO BOX 846391 DALLAS TX 75284 CONSTRUCTION 4650029 COOPERATIVE BUILDING SOLUTIONS 77 WESTPORT PLAZA SUITE 250 SAINT LOUIS MO 63146 CONSTRUCTION 3979594 ASPLUNDH TREE EXPERT CO PO BOX 532729 ATLANTA GA 30353 ROW CLEARING 2213739 AUBREY SILVEY ENTERPRISES 371 HAMP JONES ROAD CARROLLTON GA 30117 CONSTRUCTION 1681992 PINNACLE CONSTRUCTION PO BOX 51505 SUMMERVILLE SC 29485 BORING 1522752 10 ELECTRIC REVENUE 221000 320568702 320568702 POLE RENTAL 532000 316087 316087 SURGE PROTECTION 900099 43130 43130 320927919 2894718 2894718 34012 3957 30055 30055 30055 CAPITAL CREDITS 221000 1042139 1042139 75976 75976 1118115 324970807 321729947 30055 3210805 X 13960742 13960742 1052474 1052474 7139329 7139329 16411101 16411101 COST OF POWER 225361755 225361755 DISTRIBUTION - OPERATIONS & 35450223 35450223 CUSTOMER SERVICE INFO AND SA 10517414 10517414 ADMIN AND ALL OTHER 15077769 15077769 324970807 324970807 0 0 6426389 5272340 14225000 10500000 8127170 8118601 5792290 4804801 231630 1661850 553660144 162091444 369920080 391568700 19425524 21226828 5782256 18275349 429930339 461428469 36946067 45419539 211136905 217204113 54675929 47816108 302758901 310439760 X 408165 425350 126763273 150563359 127171438 150988709 429930339 461428469 X 0 23817271 X false true X true true true 9894272 9894272 21698334 7031352 14666982 522067538 155060092 367007446 391568700 INVESTMENT IN ASSOCITED ORGS 19525249 C INVESTMENT IN SUBSIDIARIES 1697579 C OTHER 4000 C 21226828 OTHER AR 18275349 18275349 ACCRUED OPEB 22449461 ACCRUED TAXES 2750741 ACCRUED PAYROLL 697475 ACCRUED VACATION 1843728 ACCUED SICK LEAVE 564240 OTHER ACCRUED LIABILITIES 85001 OTHER DEFERRED CREDITS 37367 MARGIN STABILIZATION PLAN 19388095 47816108 X 324970807 324970807 324970807 311010065 311010065 13960742 13960742 324970807 Other expenses included on Form 990 (Part XII, line 4b) SCHEDULE D PART XII LINE 4B - BERKELEY ELECTRIC COOPERATIVE, INC. INTERPRETS THE INSTRUCTIONS TO REPORT ANY PATRONAGE CAPITAL / MARGINS. THIS RECONCILES THE AUDITED FINANCIAL STATEMENTS WITH EXPENSES REPORTED IN THIS RETURN. Footnote for uncertain tax position under FIN 48 (Part X) SCHEDULE D LINE X LINE 2 - THE COMPANY IS REQUIRED TO RECOGNIZE THE PROVISIONS OF FIN 48 FOR THE CURRENT YEAR. THIS INTERPRETATION PRESCRIBES A RECOGNITION THRESHHOLD AND A MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-THAN-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE COMPANY HAS NOT RECOGNIZED ANY DEFERRED TAX ASSETS AS OF THE BALANCE SHEET DATE, X false false false DWAYNE CARTWRIGHT CEO 400242 716 1134 101315 20326 523733 JOEL STEVENS VP FINANCE 159452 658 -2005 22563 20121 200789 TIM MOBLEY VP ENGINEERING AND OPERATIONS 187396 658 -1312 174676 20326 381744 SCOTT SHEPHERD VP CUSTOMER SERVICE 168271 658 -148 155088 20326 344195 LOUISE MEADE VP HUMAN RESOURCES 161765 658 -157 173702 20326 356294 TONY CAPOBIANCO VP INFORMATION SYSTEMS 156871 816 3021 87769 8981 257458 MARK GADDY VP ECONOMIC DEVELOPMENT 149860 500 -1314 165067 20326 334439 Related organization compensation method (Part I, line 3) SCHEDULE J PART 1 LINE 3 - OUTSIDE CONSULTANTS ARE USED TO EVALUATE JOB RESPONSIBILITIES IN COMPARISON WITH OTHER COOPERATIVES AND WHETHER LEVEL OF COMPENSATION IS IN LINE WITH SIMILAR SIZE DUTIES FOR INDIVIDUAL AND COOPERATIVE. THE MOST RECENT EVALUATION WAS CONDUCTED IN THE SPRING OF 2018. Listed persons compensation information (Part I, line 4) SCHEDULE J PART I LINE 4 - PARTICIPATED IN NRECA RETIREMENT PLAN Members or stockholder classes and rights Part VI line 6 COMMON MEMBERSHIP IS REQUIRED UPON REQUEST OF ELECTRICAL SERVICE. ONE MEMBERSHIP EQUALS ONE VOTE. Member election for additional members Part VI line 7a BOARD ELECTED AT ANNUAL MEETING AT WHICH ALL MEMBERS HAVE ONE VOTE Governing body decisions Part VI line 7b BYLAWS ADJUSTMENTS REQUIRE VOTE OF THE MEMBERSHIP AT THE ANNUAL MEETING. EACH MEMBERSHIP HAS ONE VOTE Form 990 governing body review Part VI line 11 MANAGEMENT AND GOVERNING BODY REVIEW Conflict of interest policy compliance Part VI line 12c MANAGEMENT AND BOARD SIGN CONFLICT OF INTEREST REPORTS ANNUALLY CEO executive director top management comp Part VI line 15a FORM 990 PART VI SECTION B LINE 15 - OUTSIDE CONSULTANTS ARE USED TO EVALUATE JOB RESPONSIBILITIES IN COMPARISON WITH OTHER COOPERATIVES AND WHETHER LEVEL OF COMPENSATION IS IN LINE WITH SIMILAR SIZE DUTIES FOR INDIVIDUAL AND COOPERATIVE. THE MOST RECENT EVALUATION / REVIEW WAS CONDUCTED IN SPRING OF 2018 Other officer or key employee compensation Part VI line 15b FORM 990 PART VI SECTION B LINE 15 - OUTSIDE CONSULTANTS ARE USED TO EVALUATE JOB RESPONSIBILITIES IN COMPARISON WITH OTHER COOPERATIVES AND WHETHER LEVEL OF COMPENSATION IS IN LINE WITH SIMILAR SIZE DUTIES FOR INDIVIDUAL AND COOPERATIVE. THE MOST RECENT EVALUATION / REVIEW WAS CONDUCTED IN SPRING OF 2018 Governing documents etc available to public Part VI line 19 FORM 990 PART VI SECTION C LINE 19 - THE FORM 990 IS AVAILABLE AT ALL DISTRICT OFFICES, SENT UPON REQUEST AND POSTED ON PUBLIC WEBSITE. ANNUAL REPORTS ARE DISTRIBUTED AT THE ANNUAL MEETING AND BYLAWS ARE PROVIDED TO NEW APPLICANTS UPON REQUEST FOR SERVICE FORM 990 AND AUDITED FINANCIALS ARE AVAILABLE UPON REQUEST AT CORPORATE HEADQUARTERS Explanation of other changes in net assets or fund balances Part XI line 9 ASSIGNMENTS AND ADJUSTMENTS TO PATRONAGE CAPITAL ACCOUNTS - REFER TO PART XIII AND PART XII LINE 4 Part IX response or note to any line in Part IX FORM 990 PART IX LINE 25 - THE CORPORATIONS RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATION COMMISSION (18CFR, PART 101). THOSE PRACTICES UTILIZE ALLOCATION OF CERTAIN EXPENSES BASED ON LABOR CHARGES OR OTHER ALLOCATION BASES. AS A RESULT, IT WOULD REQUIRE SIGNIFICANT EFFORT TO BREAK OUT EXPENSES IN THE FUNCTIONAL CATEGORIES PROVIDED FOR ON THE STATEMENT OF FUNCTIONAAL EXPENSES. MANAGEMENT HAS OPTED TO CLASSIFY ITS EXPENSES ON THE STATEMENT OF FUNCTIONAL EXPENSES IN THE SAME MANNER IT REPORTS ITS FINANCIAL RESULTS TO LENDERS AND MEMBERS. BERKELEY COOPERATIVE ENTERPRISES PO BOX 1234 MONCKS CORNER SC 29461 571078630 HOLDING COMPANY SC BERKELEY ELECTRIC COOPERATIVE C Corp -3658 960091 1.00000 BERKELEY PROPANE COMPANY PO BOX 1234 MONCKS CORNER SC 29461 571078631 PROPANE SALES SC BERKELEY COOPERATIVE ENTERPRISES INC C Corp 22462 1801112 1.00000 true false false true false false false false false true true false false false true true true false false BERKELEY PROPANE COMPANY AI 34012 MARKET VALUE OF FOOTAGE RENTED BERKELY PROPANE COMPANY Q 76317 OF COST IN SHARED ACCOUNTS BERKELEY PROPANE COMPANY Q 183960 OF COST IN SHARED ACCOUNTS