2018-11-15T15:03:42-05:00 2017-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2017-01-01 560478157 CENTRAL ELECTRIC MEMBERSHIP CORPORA CENT 9197744900 PO BOX 1107 SANFORD NC 27331 MORRIS MCCLELION CEO & GEN. MGR. 9197744900 2018-11-15 true G STEVEN GILLIAM CPA P00348264 8043231313 2018-11-15 72.84.234.34 2018-11-15 14:03:42 CS P D2F7F4FCAC69F1EE07507C3DF754AAA56CC59B55 89ADFE0B0847EC95470EA9D4595307149EE4A12A 2017 2019-02-21 02:37:17Z MORRIS MCCLELION PO BOX 1107 SANFORD NC 27331 52097686 false X WWW.CENTRALELECTRICONLINE.COM X 1941 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF CENTRAL EMC 10 10 67 0 0 48519610 50204943 23927 82649 2296296 1713324 50839833 52000916 26726 30875 3490658 3953857 6763828 6685850 0 0 40732278 41615461 51013490 52286043 -173657 -285127 108073988 116346985 63475415 69032540 44598573 47314445 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 31,155,853 OTHER SALARIES AND WAGES 4,253,065 MARGINS ASSIGNED TO MEMBERS 3,953,857 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 33 0 true 67 true false false false false false 51389724 608523 false X 10 10 false false false false true true true true true false false false true true true true true true true false NC X TABITHA WHITLOW 9197744900 128 WILSON ROAD SANFORD NC 27331 REBECCA G PASCHAL-COGAN PRESIDENT 7.70 X X 30359 0 0 TIMOTHY PRIEST DIRECTOR 3.93 X 20334 0 0 L FRANK COMER III DIRECTOR 3.68 X 19928 0 0 J THOMAS DALRYMPLE VICE-PRESIDE 3.51 X X 19628 0 0 HENRY RANDOLPH DIRECTOR 2.69 X 18753 0 0 W PHILLIP THOMPSON JR ASST. SECRET 1.58 X X 17728 0 0 EDITH C COX DIRECTOR 4.33 X 15475 0 0 NANCY G HOLMES DIRECTOR 4.10 X 14225 0 0 JAMES B BROOKS SECRETARY-TR 1.38 X X 8325 0 0 HENRY OUTZ DIRECTOR 3.13 X 7975 0 0 MORRIS MCCLELION CEO & GEN. M 40.00 X 200683 0 65107 ANGELA D HARE VP OF CUSTOM 40.00 X 108296 0 48135 GEORGE D LANGSTON VP OF ADMINI 40.00 X 104021 0 44439 JODY B ALBRIGHT VP OF MEMBER 40.00 X 94421 0 36506 TABITHA WHITLOW VP FIN & ACT 40.00 X 92659 0 36614 EDWARD OLDHAM VP OPER & EN 40.00 X 123100 0 54861 THOMAS DUCKWORTH LINE SUPERIN 40.00 X 109438 0 38159 WESLEY T DAVIS SYSTEM ENGIN 40.00 X 107428 0 48524 1112776 372345 6 false true false LEE ELECTRICAL CONSTRUCTION 12828 HIGHWAY 15-501 SOUT ABERDEEN NC 28315 OH & UG CONSTRU 5184228 LEWIS TREE SERVCIE PO BOX 8000 BUFFALO NY 14267 ROW MAINTENANCE 523422 XYLEM TREE EXPERTS 208 E PLUME STREET SUITE 250 NORFOLK VA 23510 ROW MAINTENANCE 214107 3 SALE OF ELECTRICITY 221000 49946518 49946518 CASH PATRONAGE RECEIVED 221000 152289 152289 CONTRIB. IN AID OF CONST. 221000 106136 106136 50204943 64219 64219 7200 99439 7200 99439 106639 7200 99439 115200 96770 18430 18430 18430 EARNINGS FROM EQUITY INV. 221000 1597718 1597718 OTHER 221000 8967 8967 1606685 52000916 51837258 163658 X 30875 3953857 567793 4253065 906192 595087 363713 150706 641529 330075 1840984 3677672 COST OF POWER 31155853 DIST. OPERATION 1684653 ADMIN & GENERAL 1437917 DIST. MAINTENANCE 1417959 -721887 52286043 0 0 0 851621 903851 30168 30183 7764149 10060604 805060 723966 863891 842794 4661654 4288504 122816616 37188060 80143008 85628556 5258491 5188164 7695946 8680363 108073988 116346985 4197352 4773362 45988781 43512059 934579 878505 12354703 19868614 63475415 69032540 X 44598573 47314445 44598573 47314445 108073988 116346985 X -285127 3000999 X false true X true false 122816616 37188060 85628556 85628556 PATRONAGE CAPITAL 7875316 C CAPITAL TERM CERTIFICATES 475417 C CFC SELECT NOTE 300000 C OTHER 29630 C 8680363 LINE OF CREDIT 7235374 OTHER POST-RETIREMENT 6835255 DEFERRED CREDITS 4195231 CONSUMER DEPOSITS 1602754 19868614 X 52359761 947734 947734 51412027 588889 588889 52000916 56254608 3968565 3968565 52286043 52286043 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 947,734 SCHEDULE D, PAGE 4, PART XII, LINE 2D PATRONAGE PAID TO MEMBERS 3,953,857 EXPENSES NETTED AGAINST REVENUE 14,708 SCHEDULE D, PAGE 4, PART XIII 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, PART XI, LINE 2D OTHER REVENUE INCLUDED IN F/S BUT NOT INCLUDED ON FORM 990 ADJ. FOR CASH PAT. REC.............................................947,734 SCHEDULE D, PART XI, LINE 4B OTHER REVENUE INCLUDED ON FORM 990 BUT NOT INCLUDED IN F/S BOOK TAX DIFFERENCE SUS............................................468,045 CIAC...............................................................106,136 EXPENSES NETTED AGAISNT REVEUNE....................................14,708 SCHEDULE D, PART XII, LINE 4B OTHER EXPENSES INCLUDED ON FORM 990 BUT NOT INCLUDED IN F/S EXPENSES NETTED AGAINST REVEUNE....................................14,708 PAT. DIV. PAID TO MEMBERS........................................3,953,857 false CENTRAL ELEC MEM CARE TRUST PO BOX 1107 SANFORD NC 27331 800958464 3 30875 FULLY DIST LABOR ADMINISTRATIVE ASSIS 1 X X false false false MORRIS MCCLELION CEO & GEN. MGR. 200683 55698 9409 265790 ANGELA D HARE VP OF CUSTOMER SERV 108296 32720 15415 156431 EDWARD OLDHAM VP OPER & ENG 123100 39446 15415 177961 WESLEY T DAVIS SYSTEM ENGINEER 107428 33109 15415 155952 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 947,734 PATRONAGE DIV. PAID TO MEMBERS 3,953,857 OCI ADJUSTMENT TO EQUITY 206,400 INCREASE IN MEMBERSHIPS 1,085 CONTRIBUTIONS IN AID OF CONSTRUCTION -106,136 BOOK TAX DIFFERENCE SANDHILLS UTILITY SERVICES -468,045 NET RETIREMENT OF CAPITAL CREDITS -1,533,896 TOTAL 3,000,999 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 30875 COST