2018-11-15T15:14:47-07:00 2017-12-31 990 2017-01-01 570123093 BERKELEY ELECTRIC COOPERATIVE INC BERK 8437618200 PO Box 1234 Moncks Corner SC 294611234 Joel Stevens VP Finance 8437618200 2018-11-12 98.124.67.3 2017 2019-02-21 02:37:17Z DWAYNE CARTWRIGHT 414 HIGHWAY 52 NORTH MONCKS CORNER SC 29461 284900149 0 X www.bec.coop X 1940 SC PROVIDING ELECTRICITY TO OUR MEMBERS. 9 9 330 0 24702 24702 0 0 254903926 281771127 1953067 2410322 1072657 713802 257929650 284895251 0 0 8753033 8349466 11057631 928820 0 0 0 238118986 275616965 257929650 284895251 0 0 434720951 429930339 314053238 302758901 120667713 127171438 TO PROVIDE AFFORDABLE ELECTRIC SERVICE TO OUR MEMBERS. 0 0 PROVIDING ELECTRICITY TO OUR MEMBERS IN BERKELEY, CHARLESTON AND DORCHESTER COUNTIES IN SOUTH CAROLINA. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 101 0 1 330 1 1 1 0 0 0 0 284205591 689660 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 SC X X DWAYNE CARTWRIGHT 8437618200 414 HWY 52N MONCKS CORNER SC 29461 H BRUNSON Chairman 20 0 X X 44719 400 0 M MOORE Board Member 7 0 X 33054 300 0 W DEWITT Secretary/Treasurer 12 0 X X 41356 400 0 C CADDELL Board Member 12 0 X 34329 400 0 WILLIS SANDERS Vice Chairman 17 0 X X 37675 400 0 CP SHULER Board Member 12 0 X 38655 400 0 HENRY CHAVIS SR Board Member 12 0 X 35075 400 0 GEORGE MCFADDEN Board Member 17 0 X 33175 400 0 J GIBBS SR Board Member 9 0 X 2545 100 0 ROBERT VANDROSS Board Member 15 X 3400 100 0 SAM GOURDINE Board Member 15 0 X 3950 100 0 DWAYNE CARTWRIGHT PRESIDENT & CEO 60 0 X 359914 0 101533 JOEL STEVENS VICE PRESIDENT FINANCE 45 0 X 135527 0 23913 TIM MOBLEY VICE PRESIDENT ENGINEERING & OPERATIONS 50 0 X 177061 0 174728 SCOTT SHEPHERD VP CUSTOMER SERVICE 45 0 X 161408 0 150879 LOUISE MEADE VICE PRESIDENT OF HUMAN RESOURCES 40 0 X 150790 0 155141 TONY CAPOBIANCO VICE PRESIDENT OF INFORMATION SYSTEMS 45 0 X 152814 0 79627 MARK GADDY VICE PRESIDENT OF ECONOMIC DEVELOPMENT 48 0 X 141721 0 156565 1587168 3400 842386 35 0 1 0 SUMTER UTILITIES PO BOX 846391 DALLAS TX 75284 CONSTRUCTION 3803843 ASPLUNDH PO BOX 532729 ATLANTA GA 30353 R-O-W CLEARING 2958060 PINNACLE CONSTRUCTION PO BOX 51505 SUMMERVILLE SC 29485 BORING 1611927 USIC Locating Services LLC PO Box 713359 Cincinnati OH 45271 Locating Underground Services 553844 LUCAS TREE EXPERTS PO BOX 958 PORTLAND ME 04104 R-O-W CLEARING 477624 8 0 ELECTRIC REVENUE 221000 281424888 281424888 0 0 POLE RENTAL 532000 305240 0 0 305240 SURGE PROTECTION 900099 40999 40999 0 0 0 0 0 0 281771127 2410322 0 0 2410322 0 0 0 0 0 0 0 0 29600 0 4898 0 24702 0 24702 0 24702 0 0 0 CAPITAL CREDITS 221000 664958 664958 0 0 24142 24142 0 0 689100 284895251 282154987 24702 2715562 X 0 0 0 8349466 928820 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6692457 0 17315596 0 COST OF POWER 200484852 DISTRIBUTION - OPERATIONS & MAINTENANCE 28971187 CUST. SVC. INFORMATIONAL & SALES 8225070 ADMIN & GENERAL/ALL OTHERS 13927803 0 284895251 0 0 0 5208590 6426389 44376874 14225000 6385387 8127170 1200 5060256 5792290 89205 231630 523061729 153141649 348133145 369920080 18382464 19425524 7083830 5782256 434720951 429930339 33169252 36946067 228252952 211136905 52631034 54675929 314053238 302758901 X 392625 408165 0 0 120275088 126763273 120667713 127171438 434720951 429930339 X 0 0 0 0 0 6503725 X 1 X 1 X 1 0 0 9894272 9894272 0 20021601 6616368 13405233 0 0 0 0 0 493145856 146525281 346620575 0 0 0 0 369920080 POST RETIREMENT BENEFITS 21366100 ACCRUED PAYROLL 435855 MISCELLANOUS ACCRUALS 285863 MARGIN STABILIZATION PLAN 26912775 ACCRUED TAXES 2480566 ACCRUED INTEREST 696348 ACCRUED VACATION AND SICK LEAVE 2498422 54675929 X 284895251 0 0 0 0 0 284895251 0 0 0 284895251 276545785 0 0 0 0 0 276545785 0 8349466 8349466 284895251 Schedule D, Part X, Line 2 THE COMPANY IS REQUIRED TO RECOGNIZE THE PROVISIONS OF FIN 48 FOR THE CURRENT YEAR. THIS INTERPRETATION PRESCRIBES A RECOGNITION THRESHOLD 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 THAT 50% LIKELY OF BEING REALIZED UPON UTLIMATE SETTLEMENT. THE COMPANY HAS NOT RECOGNIZED ANY DEFERRED TAX ASSETS OF THE BALANCE SHEET DATE. Schedule D, Part XII, Line 4b BERKELEY ELECTRIC COOPERATIVE, INC. INTERPRETED THE INSTRUCTIONS TO REPORT ANY PATRONAGE CAPITAL / MARGINS. THIS ENTRY RECONCILES THE AUDITED FINANCIAL STATEMENTS WITH EXPENSES REPORTED IN THIS RETURN. X 0 0 0 DWAYNE CARTWRIGHT PRESIDENT & CEO 357400 0 500 0 2014 0 82166 0 19367 0 461447 0 0 0 JOEL STEVENS VICE PRESIDENT FINANCE 136227 0 500 0 -1200 0 11002 0 12911 0 159440 0 0 0 TIM MOBLEY VICE PRESIDENT ENGINEERING & OPERATIONS 177834 0 500 0 -1273 0 155361 0 19367 0 351789 0 0 0 SCOTT SHEPHERD VP CUSTOMER SERVICE 161059 0 500 0 -150 0 131511 0 19367 0 312287 0 0 0 LOUISE MEADE VICE PRESIDENT OF HUMAN RESOURCES 150417 0 500 0 -126 0 135773 0 19367 0 305931 0 0 0 TONY CAPOBIANCO VICE PRESIDENT OF INFORMATION SYSTEMS 149287 0 500 0 3028 0 70974 0 8652 0 232441 0 0 0 MARK GADDY VICE PRESIDENT OF ECONOMIC DEVELOPMENT 142563 0 500 0 -1342 0 137198 0 19367 0 298286 0 0 0 Schedule J, Part I, 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 2017. Schedule J, Part I, Line 4 PARTICIPATED IN THE NRECA RETIREMENT PLAN. Form 990, Part VI, Section A, Line 6 ELECTRIC COOPERATIVE ORGANIZATION. Form 990, Part VI, Section A, Line 7a BOARD OF DIRECTORS ELECTED BY MEMBERS AT ANNUAL MEETING. Form 990, Part VI, Section A, Line 7b BYLAW CHANGES APPROVED BY MEMBERS AT ANNUAL MEETING. Form 990, Part VI, Section B, Line 11b REVIEWED WITH FULL BOARD AND ATTORNEY. Form 990, Part VI, Section B, Line 12c OFFICERS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SIGN A DOCUMENT STATING WHETHER THEY HAVE ANY POTENTIAL CONFLICTS. 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 THE SPRING OF 2017. Form 990, Part VI, Section C, Line 19 THE FORM 990 IS AVAILABLE AT ALL DISTRICTS 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, Part IX, Line 25 THE CORPORATION'S RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY 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 FUNCTIONAL 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 ITS MEMBER-OWNERS. Form 990, Part XI, Line 9 ASSIGNMENTS AND ADJUSTMENTS TO PATRONAGE CAPITAL ACCOUNTS. BERKELEY COOPERATIVE ENTERPRISES PO BOX 1234 MONCKS CORNER SC 29461 571078630 HOLDING COMPANY SC BERKELEY ELECTRIC COOPERATIVE INC C -3469 963749 1 0 BERKELEY PROPANE COMPANY PO BOX 1234 MONCKS CORNER SC 29461 571078631 LP SALES SC BERKELEY COOPERATIVE ENTERPRISES C 45848 2576851 1 0 1 0 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 BERKELEY PROPANE COMPANY a-iv 29600 PRODUCT OF THE SQUARE FOOTAGE RENTED AND THE MARKET PRICE OF THE UNITS PER FOOT RATE. BERKELEY PROPANE COMPANY q 90088 PERCENTAGE OF COST IN SHARED ACCOUNTS TO PERCENTAGE OF BPC CUSTOMERS TO BEC MEMBERS. BERKELEY PROPANE COMPANY q 104789 PERCENTAGE OF COST IN SHARED ACCOUNTS TO PERCENTAGE OF BPC CUSTOMERS TO BEC MEMBERS. BERKELEY ELECTRIC COOPERATIVE, INC. SUBMITTED FORM 8868 AND WAS GRANTED A (6) MONTH EXTENSION.