2018-11-02T11:41:20-04:00 2017-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2017-01-01 570196563 LAURENS ELECTRIC COOPERATIVE INC LAUR 8646823141 PO BOX 700 LAURENS SC 29360 J DAVID WASSON PRESIDENT & CEO 8646823141 2018-11-02 true BRYAN A ISGETT P01441928 4787466277 2018-11-02 98.175.202.218 2018-11-02 10:41:20 CD P BE799C77261EE06AB1BFE677EC220712838153C6 DE624E79D3FDB7B117F78ADC73FB33944D56C78F 2017 2019-02-21 02:37:17Z J DAVID WASSON PO BOX 700 LAURENS SC 29360 135043816 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 9 157 1629910 0 129059377 130091294 993546 1313787 1741650 1682932 131794573 133088013 0 6250650 5627308 879479 920545 0 0 124664444 126540160 131794573 133088013 0 210674750 217398156 150040097 151924493 60634653 65473663 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 57 0 true 157 true true true false false false false 128849926 5370043 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 40634 0 0 FE HENDRIX VICE CHAIRMA 5.00 X X 28240 0 0 MITCHELL POWERS SECRETARY/TR 5.00 X X 42010 0 0 JOE T NICHOLSON TRUSTEE 5.00 X 27748 0 0 WILLIAM HENDRIX TRUSTEE 5.00 X 35082 0 0 LEWIS HARRISON TRUSTEE 5.00 X 27309 0 0 LEROY BLAKELY TRUSTEE 5.00 X 39102 0 0 EDDIE ABRAMS TRUSTEE 5.00 X 23081 0 0 MARCUS COOK TRUSTEE 5.00 X 38317 0 0 J DAVID WASSON PRESIDENT & 50.00 X 477596 0 141426 NATHAN BROWN VP-ENGINEER& 50.00 X 179464 0 72287 CHAD ARMSTRONG VP OF HUMAN 50.00 X 157548 0 68778 MATTHEW D STANLEY VP & CFO 50.00 X 163929 0 70234 JIM DONAHOO VP MARKETING 50.00 X 126196 0 57912 CHRISTOPHER J MIERS VP,MEMBER SE 50.00 X 134850 0 61644 1541106 472281 11 false true false BRIGHTVIEW LANDSCAPES LLC PO BOX 740655 ATLANTA GA 30374 LANDSCAPING 152158 1 PROGRAM SERVICE REVENUE 221000 128849926 128849926 PATRONAGE CAPITAL CREDITS 221000 1240141 1240141 POLE RENTAL 221000 1227 1227 130091294 1313787 1313787 3585713 1955803 1629910 1629910 OTHER ELECTRIC REVENUE 221000 53022 53022 53022 133088013 130143089 1629910 1315014 5627308 5627308 920545 920545 6087529 6087529 6671441 6671441 PURCHASED POWER 87192437 87192437 DISTRIBUTION OPERATIONS 8459316 8459316 ADMIN & GENERAL EXP 6581999 6581999 DISTRIBUTION MAINTENANCE 5089007 5089007 6458431 6458431 133088013 133088013 0 0 10067549 3908507 9338701 9575285 6528078 6883027 41086 1332138 1666889 264802 366478 261474240 80404821 172466184 181069419 7690 10636212 11478526 2442335 210674750 217398156 14294145 15042152 128740814 130049403 7005138 6832938 150040097 151924493 X 304000 307220 60330653 65166443 60634653 65473663 210674750 217398156 0 4839010 X false true X true 3500 3500 true HENRY MCMASTER FOR GOVERNOR PO BOX 11063 COLUMBIA SC 29211 813788778 3500 SCHEDULE C, PART I-A, LINE 1 POLITICAL CONTRIBUTIONS DETAILED IN I-C. 2493092 2493092 13878007 4776024 9101983 245103141 75628797 169474344 181069419 INVESTMENT IN ASSOC. ORG-NEW H 6212160 C INVESTMENT IN ASSOC. ORG.-CENTRAL 1565654 C INVESTMENT IN ASSOC. ORG.-CEEUS 1564299 C OTHER INVESTMENT IN ASSOC. ORG 683471 C INVESTMENT IN CTC'S-NRUCFC 511329 C INVESTMENT IN ASSOC. ORG-PRTC 448192 C INVESTMENT IN ASSOC. ORG.-FEDE 390627 C INVESTMENT IN ASSOC. ORG.-COBA 102794 C 11478526 ASC 980 4000000 CONSUMER DEPOSITS 2764968 OTHER 67970 6832938 SCHEDULE D, PAGE 4, PART XIII THE CORPORATION'S RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION (18CFR.PART 101) AS MODIFIED AND ADOPTED BY THE RURAL UTILITIES SERVICE (RUS) IN 7.CFR.1767. 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 PART IX OF THE FORM 990 IN THE SAME MANNER IT REPORTS ITS FINANCIAL RESULTS TO LENDERS, REGULATORS AND ITS MEMBER-OWNERS. X X X false false false J DAVID WASSON PRESIDENT & CEO 428241 25600 23755 124925 16501 619022 NATHAN BROWN VP-ENGINEER&OPER 170095 3100 6269 55786 16501 251751 CHAD ARMSTRONG VP OF HUMAN RESOUR 149461 3607 4480 52277 16501 226326 MATTHEW D STANLEY VP & CFO 156515 3100 4314 53733 16501 234163 JIM DONAHOO VP MARKETING AND BUS 119354 3100 3742 41411 16501 184108 CHRISTOPHER J MIERS VP,MEMBER SERVICES 127787 3100 3963 45143 16501 196494 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 ASC 980 -2,000,000 BENEFITS PAID TO MEMBERS 5,627,308 MEMBERSHIP FEES 3,220 OTHER COMPREHENSIVE INCOME 2,073,408 RETIRED CAPITAL CREDITS GAIN 39,103 CAPITAL CREDIT RETIREMENTS -904,029 TOTAL 4,839,010 ALARM MONITORING CENTER OF SC LLC 2254 HWY 14 LAURENS SC 29630 571066653 SECURITY A SC 51576 1243413 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