TRI-COUNTY ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- TRI-COUNTY ELECTRIC MEMBERSHIP CORPORATION (EIN 56-0432086)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-05-08
- IRS object ID
- 201941299349302954
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-05-08T12:00:13-00:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560432086 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Tri-County Electric Membership Corporation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TRI- | BusinessNameControlTxt |
| Phone | 9197352611 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 130 | AddressLine1Txt |
| City | Dudley | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 283330130 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | J Michael Davis | PersonNm |
| Person Title | General Manager | PersonTitleTxt |
| Signature | 2019-05-07 | SignatureDt |
| Discuss With Paid Preparer | false | DiscussWithPaidPreparerInd |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 74.167.252.53 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-05-09 | IPDt |
| IP Tm | 22:34:21 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | B5956AD285F0E1C5A0318DF06D3AEDEFB76D00F2 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | C4CECE13B3644F68F54DB4EE079A24FB96E1C7E5 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Carl Kornegay | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 939 N Breazeale Avenue | AddressLine1Txt |
| City | Mount Olive | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28365 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $57,641,047 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.tcemc.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1940 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | Electric Cooperative providing electricity to its membership. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 54 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $54,043,346 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $56,863,130 | CYProgramServiceRevenueAmt |
| PY Investment Income | $135,648 | PYInvestmentIncomeAmt |
| CY Investment Income | $268,601 | CYInvestmentIncomeAmt |
| PY Other Revenue | $476,915 | PYOtherRevenueAmt |
| CY Other Revenue | $509,316 | CYOtherRevenueAmt |
| PY Total Revenue | $54,655,909 | PYTotalRevenueAmt |
| CY Total Revenue | $57,641,047 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $2,784,142 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $2,998,033 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $49,953,164 | PYOtherExpensesAmt |
| CY Other Expenses | $55,441,358 | CYOtherExpensesAmt |
| PY Total Expenses | $52,737,306 | PYTotalExpensesAmt |
| CY Total Expenses | $58,439,391 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,918,603 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$798,344 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $90,730,379 | TotalAssetsBOYAmt |
| Total Assets EOY | $95,709,686 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $60,671,797 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $63,442,432 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $30,058,582 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $32,267,254 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Electric cooperative providing electric power to its membership. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | Not Applicable | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | false | ScheduleORequiredInd |
| IRP Document | 31 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 54 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Members And Shr Gross Income | $56,863,130 | MembersAndShrGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TRI-COUNTY EMC | PersonNm |
| Phone | 9197352611 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4255 HWY 117 ALT | AddressLine1Txt |
| City | DUDLEY | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28333 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| Carl Kornegay | |||||||||
| President | 008.00 | Yes (X) | Yes (X) | $23,762 | $0 | $0 | |||
| Worth Overman | |||||||||
| Director | 004.00 | Yes (X) | $15,980 | $0 | $0 | ||||
| Dallace J Grady | |||||||||
| Director | 003.00 | Yes (X) | $9,861 | $0 | $0 | ||||
| Keith Beavers | |||||||||
| Director | 005.00 | Yes (X) | $22,668 | $0 | $0 | ||||
| Randy McCullen | |||||||||
| Director | 005.00 | Yes (X) | $22,213 | $0 | $0 | ||||
| William Farmer Jr | |||||||||
| Secretary | 008.00 | Yes (X) | Yes (X) | $26,521 | $0 | $0 | |||
| Brandy S Rouse | |||||||||
| Director | 003.00 | Yes (X) | $8,974 | $0 | $0 | ||||
| Jennings Outlaw | |||||||||
| Vice-President | 005.00 | Yes (X) | Yes (X) | $17,859 | $0 | $0 | |||
| David Ray Vinson | |||||||||
| Treasurer | 005.00 | Yes (X) | Yes (X) | $18,359 | $0 | $0 | |||
| Jeff Henderson | |||||||||
| Director | 003.00 | Yes (X) | $12,414 | $0 | $0 | ||||
| Patrick Lynch | |||||||||
| Director | 003.00 | Yes (X) | $5,771 | $0 | $0 | ||||
| J Michael Davis | |||||||||
| General Manager | 060.00 | $248,146 | $0 | $0 | Yes (X) | ||||
| Tony A Grantham | |||||||||
| Manager of Engineering | 055.00 | $161,482 | $0 | $0 | Yes (X) | ||||
| Michael A Wood | |||||||||
| Manager of Operations | 055.00 | $150,576 | $0 | $0 | Yes (X) | ||||
| Kenneth E Davis Jr | |||||||||
| Manager - Finance Admin. | 055.00 | $165,652 | $0 | $0 | Yes (X) | ||||
| Jeff W Kennedy | |||||||||
| Foreman | 055.00 | $121,672 | $0 | $0 | Yes (X) | ||||
| Glenda S Barwick | |||||||||
| Accountant | 040.00 | $109,318 | $0 | $0 | Yes (X) | ||||
| Claude Jones IV | |||||||||
| Foreman | 055.00 | $100,756 | $0 | $0 | Yes (X) | ||||
| Robert B Kornegay | |||||||||
| Manager - Customer Service | 055.00 | $116,301 | $0 | $0 | Yes (X) | ||||
| Ricky L Richardson | |||||||||
| Foreman | 055.00 | $105,815 | $0 | $0 | Yes (X) | ||||
| Roy A Beavers | |||||||||
| Lineman 1st Class | 055.00 | $105,871 | $0 | $0 | Yes (X) | ||||
| Stephanie J Brown | |||||||||
| Staff Accountant | 040.00 | $102,628 | $0 | $0 | Yes (X) | ||||
| James Cozine | |||||||||
| Lineman 1st Class | 055.00 | $101,928 | $0 | $0 | Yes (X) | ||||
| Anthony Denning | |||||||||
| Working Foreman | 055.00 | $101,671 | $0 | $0 | Yes (X) | ||||
| William Fischer | |||||||||
| Working Forman | 055.00 | $105,798 | $0 | $0 | Yes (X) | ||||
| Todd Harrell | |||||||||
| Lineman 1st Class | 055.00 | $100,855 | $0 | $0 | Yes (X) | ||||
| Ralph Kelly | |||||||||
| Lineman 1st Class | 055.00 | $109,219 | $0 | $0 | Yes (X) | ||||
| Ronnie Miller | |||||||||
| Staking Engineer | 055.00 | $101,168 | $0 | $0 | Yes (X) | ||||
| Jerry Mozingo | |||||||||
| Lineman 1st class | 055.00 | $105,206 | $0 | $0 | Yes (X) | ||||
| David Thornton | |||||||||
| System Engineer | 055.00 | $105,434 | $0 | $0 | Yes (X) | ||||
| Luther Carroll | |||||||||
| Former Director | $11,557 | $0 | $0 | Yes (X) | |||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,515,435 | TotalReportableCompFromOrgAmt |
| Indiv Rcvd Greater Than100 K | 19 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| John J Rowe Co | |||||
| 6640 Malpass Corner Rd | Currie | NC | 28435 | Right-of-Way Clearing | $250,956 |
| Mastec North America Inc | |||||
| 209 Art Bryan Dr | Asheboro | NC | 27203 | Line Construction | $316,929 |
| Hobgood Equipment Repair | |||||
| 421 Parker Rd | Eagle Springs | NC | 27242 | Equipment Repair Maintenance | $132,046 |
| Burfords Tree Service | |||||
| PO Box 532729 | Atlanta | GA | 303532729 | Right of Way Clearing | $313,825 |
| Lee Electrical Construction | |||||
| PO Box 55 | Aberdeen | NC | 28315 | Electrical Construction | $648,198 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Sale and Distribution of Electric | Desc |
| Business | 221000 | BusinessCd |
| Total Revenue Column | $56,863,130 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $56,863,130 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $268,601 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $27,621 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $27,621 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $27,621 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt |
|---|---|
| Patronage Capital | $477,928 |
| Miscellaneous | $3,767 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $481,695 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $57,641,047 | TotalRevenueColumnAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,998,033 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees For Services Prof Fundraising | FeesForServicesProfFundraising |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,652,532 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,285,003 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| Cost of Power | $40,935,629 |
| Transmission Expense | $18,232 |
| Distribution Expense | $4,443,523 |
| Consumer Accounts Expense | $2,696,556 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,409,883 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,439,391 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,935,705 | BOYAmt |
| EOY | $4,602,648 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,000,000 | BOYAmt |
| EOY | $5,000,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,720,868 | BOYAmt |
| EOY | $7,701,809 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,491,508 | BOYAmt |
| EOY | $2,250,965 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $459,788 | BOYAmt |
| EOY | $861,681 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $126,542 | BOYAmt |
| EOY | $205,785 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $112,278,455 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $40,483,460 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,106,843 | BOYAmt |
| EOY | $71,794,995 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,677,790 | BOYAmt |
| EOY | $2,867,665 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,211,335 | BOYAmt |
| EOY | $424,138 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,730,379 | BOYAmt |
| EOY | $95,709,686 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,345,205 | BOYAmt |
| EOY | $4,052,021 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,463,794 | BOYAmt |
| EOY | $55,042,368 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,862,798 | BOYAmt |
| EOY | $4,348,043 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,671,797 | BOYAmt |
| EOY | $63,442,432 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,058,582 | BOYAmt |
| EOY | $32,267,254 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,058,582 | BOYAmt |
| EOY | $32,267,254 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,730,379 | BOYAmt |
| EOY | $95,709,686 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$798,344 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $3,007,016 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | false | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $194,247 | OtherCostOrOtherBasisAmt |
| Book Value | $194,247 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,638,068 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,361,561 | DepreciationAmt |
| Book Value | $2,276,507 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,163,414 | OtherCostOrOtherBasisAmt |
| Book Value | $2,163,414 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $22,442,172 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,654,954 | DepreciationAmt |
| Book Value | $16,787,218 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $83,840,554 | OtherCostOrOtherBasisAmt |
| Depreciation | $33,466,945 | DepreciationAmt |
| Book Value | $50,373,609 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $71,794,995 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (2 entries)
| DescDesc |
|---|
| Financial derivatives and other financial products |
| Closely-held equity interests |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| Federal income taxes | |
| Consumer Deposits | $1,798,966 |
| Current Maturities of LTD | $2,253,654 |
| Customer Advance for Construction | $295,423 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,348,043 | TotalLiabilityAmt |
Schedule F IRS990ScheduleF
Schedule J IRS990ScheduleJ
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt |
|---|
| J Michael Davis |
| General Manager |
| Tony A Grantham |
| Manager of Engineering |
| Michael A Wood |
| Manager of Operations |
| Kenneth E Davis Jr |
| Manager - Finance Admin. |
| Luther Carroll |
| Former Director |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part XI, Line 9 | There was an increase in an equity adjustment for accumulated pension and benefits required by professional standards of 3,006,856. There was an increase in membership fees of 160. |
| Form 990, Part XII, Line 2c | Tri-County EMC does not have a specific audit committee. The Board as a whole assumes responsibility and oversight of the audit and the selection of the independent auditor. |
| Form 990, Part VI, Section B, Line 11b | The Form 990 is presented to the governing board prior to maiing at the regular monthly meeting. |
| Form 990, Part VI, Section B, Line 12c | The policy is reviewed each year during the Board of Directors meeting to make all board members aware of the policy and acknowledge their compliance. |
| Form 990, Part VI, Section B, Line 15 and 15b | Each year the General Manager receives a survey of salaries paid for all positions throughout the State. The Board of Directors reviews this information and determines the appropriate salary for the General Manager during the Executive Session. Salaries for other key personnel are also reviewed and approved by the Board. |
| Form 990, Part VI, Section C, Line 19 | The audited financial statements are included in the annual reports. When the newsletter is published announcing the annual meeting of the members, statements about conflicts of interest are included. |