2019-11-08T09:58:18-06:00 2018-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2018-01-01 570196563 LAURENS ELECTRIC COOPERATIVE INC LAUR 8646823141 PO BOX 700 LAURENS SC 29360 J DAVID WASSON PRESIDENT & CEO 8646823141 2019-11-08 true BRYAN A ISGETT P01441928 4787466277 2019-11-08 98.175.202.218 2019-11-08 09:58:18 CS P BE799C77261EE06AB1BFE677EC220712838153C6 165CA17AB532D5519A9F26DF7B7031333B36404A 2018 2020-04-17 16:48:07Z J DAVID WASSON PO BOX 700 LAURENS SC 29360 146801431 false X WWW.LAURENSELECTRIC.COM X 1939 SC TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. 9 9 152 1570213 0 130091294 142074300 1313787 1206547 1682932 1598701 133088013 144879548 0 5627308 10162056 920545 980960 0 0 126540160 133736532 133088013 144879548 0 217398156 225319700 151924493 153295486 65473663 72024214 X TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. false false N/A N/A false false true false false false false false false true false true false true false false false false false false false false false false false false false false true false false false false false false false false false false true true false false true 66 0 true 152 true true true false false false false 140624649 5083853 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 false SC X MATT STANLEY 8646823141 2254 HIGHWAY 14 LAURENS SC 29360 CHARLES E ADAIR CHAIRMAN 5.00 X X 49963 0 0 FE HENDRIX VICE CHAIRMA 5.00 X X 31212 0 0 MITCHELL POWERS SECRETARY/TR 5.00 X X 48240 0 0 JOE T NICHOLSON TRUSTEE 5.00 X 30786 0 0 WILLIAM HENDRIX TRUSTEE 5.00 X 35611 0 0 LEWIS HARRISON TRUSTEE 5.00 X 29151 0 0 LEROY BLAKELY TRUSTEE 5.00 X 41872 0 0 EDDIE ABRAMS TRUSTEE 5.00 X 20756 0 0 MARCUS COOK TRUSTEE 5.00 X 46195 0 0 J DAVID WASSON PRESIDENT & 50.00 X 494373 0 152801 NATHAN BROWN VP-ENGINEER& 50.00 X 182130 0 79289 CHAD ARMSTRONG VP OF HUMAN 50.00 X 161174 0 74943 MATTHEW D STANLEY VP & CFO 50.00 X 170254 0 77236 JIM DONAHOO VP MARKETING 50.00 X 135255 0 64310 CHRISTOPHER J MIERS VP,MEMBER SE 50.00 X 138342 0 67296 1615314 515875 12 false true false HOGAN CONSTRUCTION GROUP OF SC 10703 ANDERSON ROAD EASLEY SC 29642 CONTRACTOR 166649 1 PROGRAM SERVICE REVENUE 221000 140624649 140624649 PATRONAGE CAPITAL CREDITS 221000 931133 931133 POLE RENTAL 221000 518518 518518 142074300 1206547 1206547 3492096 1921883 1570213 1570213 OTHER ELECTRIC REVENUE 221000 28488 28488 28488 144879548 141584270 1570213 1725065 10162056 10162056 980960 980960 5894949 5894949 7145039 7145039 PURCHASED POWER 92403553 92403553 DISTRIBUTION OPERATIONS 9327976 9327976 ADMIN & GENERAL EXP 7370108 7370108 DISTRIBUTION MAINTENANCE 5452804 5452804 6142103 6142103 144879548 144879548 0 0 3908507 4607406 9575285 2023500 6883027 8602983 1666889 1609759 366478 318036 275337544 82030811 181069419 193306733 11478526 12072630 2450025 2778653 217398156 225319700 15042152 15968426 130049403 127486164 6832938 9840896 151924493 153295486 X 307220 312060 65166443 71712154 65473663 72024214 217398156 225319700 X 0 6550551 X false true X true false 2500 2500 true HENRY MCMASTER FOR GOVERNOR PO BOX 11063 COLUMBIA SC 29211 813788778 2500 SCHEDULE C, PART I-A, LINE 1 POLITICAL CONTRIBUTIONS DETAILED IN I-C. 6434115 6434115 13958222 5113534 8844688 254945207 76917277 178027930 193306733 INVESTMENT IN ASSOC. ORG-NEW H 6319442 C INVESTMENT IN ASSOC. ORG.-CENTRAL 1759860 C INVESTMENT IN ASSOC. ORG.-CEEUS 1658008 C OTHER INVESTMENT IN ASSOC. ORG 843526 C INVESTMENT IN CTC'S-NRUCFC 511329 C INVESTMENT IN ASSOC. ORG-PRTC 469375 C INVESTMENT IN ASSOC. ORG.-FEDE 457408 C INVESTMENT IN ASSOC. ORG.-COBA 53682 C 12072630 REGULATORY LIABILITY-ASC 980 7000000 CONSUMER DEPOSITS 2770686 OTHER 70210 9840896 X X X false false false J DAVID WASSON PRESIDENT & CEO 444754 25600 24019 133962 18839 647174 NATHAN BROWN VP-ENGINEER&OPER 172634 3100 6396 60450 18839 261419 CHAD ARMSTRONG VP OF HUMAN RESOUR 153505 3100 4569 56104 18839 236117 MATTHEW D STANLEY VP & CFO 162379 3100 4775 58398 18838 247490 JIM DONAHOO VP MARKETING AND BUS 128318 3100 3837 45471 18839 199565 CHRISTOPHER J MIERS VP,MEMBER SERVICES 131202 3100 4040 48457 18839 205638 FORM 990, PAGE 2, PART III, LINE 4D N/A FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IT ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7A THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE BOARD WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE MEMBER-ELECTED BOARD AS WELL AS MARKET DATA OBTAINED FROM STATEWIDE RESEARCH AND A NATIONAL SURVEY. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE CEO AS WELL AS MARKET STATISTICS. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18. FORM 990, PART XI, LINE 9 MEMBERSHIP FEES 4,840 OTHER COMPREHENSIVE INCOME 333,751 RETIRED CAPITAL CREDITS GAIN 49,904 BENEFITS PAID TO MEMBERS 10,162,056 CAPITAL CREDIT RETIREMENTS -1,000,000 REGULATORY LIABILITY-ASC 980 -3,000,000 TOTAL 6,550,551 ALARM MONITORING CENTER OF SC LLC 2254 HWY 14 LAURENS SC 29630 571066653 SECURITY A SC 35760 1285684 LAURENS EC 1939 LAND MANAGEMENT LLC 2254 HWY 14 LAURENS SC 29630 824664489 LAND DEVEL SC 4076488 LAURENS EC VANGUARD OF SPARTANBURG 101 BUILDERS BOILING SPRINGS SC 29316 570767813 SECURITY A SC LAURENS EC C CORP false false false false false false false false false false false false false false false false false false false false