2017-11-13T12:47:52-08:00 2016-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2016-01-01 560478157 CENTRAL ELECTRIC MEMBERSHIP CORPORATION CENT 9197744900 PO BOX 1107 SANFORD NC 27331 Morris McClelion CEO & Gen. Mgr. 2017-11-13 true G STEVEN GILLIAM CPA P00348264 8043231313 2016 2017-02-10 21:41:12Z Morris McClelion PO Box 1107 Sanford NC 27331 51155956 false false X www.centralelectriconline.com X 1941 NC Safe and effective DISTRIBUTION OF ELECTRICITY TO the members of Central EMC 10 10 71 0 0 49194981 48519610 49845 23927 1817553 2296296 51062379 50839833 21579 26726 2885174 3490658 6468964 6763828 0 0 41747864 40732278 51123581 51013490 -61202 -173657 104476401 108073988 62616934 63475415 41859467 44598573 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 $30,154,633Depreciation $3,676,894Other salaries and wages $4,430,133 false 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 false false false false false true false false false false true 32 0 true 71 true false false false false false false false false false 50467849 590414 false false 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 5.56 0.00 X X 27002 0 0 J Thomas Dalrymple Vice-President 4.61 0.00 X X 18098 0 0 James B Brooks Secretary-Treas 1.24 0.00 X X 7175 0 0 W Phillip Thompson JR Asst. Secretary 2.22 0.00 X X 17548 0 0 L Frank Comer III Director 3.07 0.00 X 18373 0 0 Edith C Cox Director 3.34 0.00 X 13200 0 0 Henry Outz Director 4.73 0.00 X 9625 0 0 Henry Randolph Director 3.53 0.00 X 18248 0 0 Nancy G Holmes Director 3.58 0.00 X 12375 0 0 Timothy Priest Director 3.36 0.00 X 20998 0 0 Tabitha Whitlow MGR. FIN & Actg 40.00 0.00 X 87854 0 34074 Morris McClelion CEO & Gen. Mgr. 40.00 0.00 X 193019 0 59954 THOMAS DUCKWORTH LINE SUPERINTENDEN 40.00 0.00 X 105558 0 37774 Edward Oldham Mgr of Oper & Eng 40.00 0.00 X 109835 0 43478 658908 175280 3 false true false Lee Electrical Construction 12828 Highway 15-501 South Aberdeen NC 28315 OH & UG Construction 1744005 Lewis Tree Servcie PO Box 8000 Buffalo NY 14267 ROW Maintenance 661742 2 0 Cash Patronage Received 221000 115301 115301 Contrib. In Aid of Const. 221000 121017 121017 Sale of Electricity 221000 48283292 48283292 48519610 25639 25639 0 0 6600 97693 6600 97693 104293 6600 97693 314411 316123 -1712 -1712 -1712 0 0 0 Earnings from Equity inv. 221000 2184557 2184557 Other 221000 7446 7446 2192003 50839833 50718213 121620 X 26726 0 0 3490658 537543 0 4430133 806935 612337 376880 0 103719 0 0 0 0 0 0 0 0 0 0 600954 0 282994 1819766 0 3676894 0 Cost of Power 30154633 Dist. Operation 2225446 Dist. Maintenance 1623753 Admin. & General 1188960 -944841 51013490 0 0 0 1036532 851621 30153 30168 0 6034125 7764149 0 0 942096 805060 787797 863891 8170214 4661654 114690204 34547196 75972380 80143008 0 4740142 5258491 6762962 7695946 0 0 104476401 108073988 3416951 4197352 48351432 45988781 990654 934579 9857897 12354703 62616934 63475415 X 41859467 44598573 41859467 44598573 104476401 108073988 X -173657 2912763 X false true X true false 114690204 34547196 80143008 80143008 7695946 Consumer Deposits 1623259 Deferred Credits 2617070 Line of Credit 1650874 Other Post-retirement Benefits 6463500 12354703 X 51025943 986095 986095 50039848 799985 799985 50839833 47510072 47510072 3503418 3503418 51013490 Part X : FIN48 Footnote 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. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Adj. for cash pat. rec. $986095 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S CIAC $121017 Book tax difference SUS $666208 Expenses netted agaisnt reveune $12760 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Pat. Div. paid to members $3490658 Expenses netted against reveune $12760 false Central Elec Mem Care Trust PO Box 1107 Sanford NC 27331 800958464 3 0 26726 Fully distributed costs labor Administrative Assistance 1 0 X X false false false Edward Oldham Mgr of Oper & Eng 109835 27963 15515 153313 Morris McClelion CEO & Gen. Mgr. 193019 50545 9409 252973 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder 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, Part VI, Line 7a: How Members or Shareholders Elect Governing Body All members of Central Electric Membership Corporation receive one vote with respect to selecting the governing board of directors. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders certain decisions of the governing body are subject to approval by the members as provided for in the cooperative bylaws. Form 990, Part VI, Line 11b: Form 990 Review Process Management reviews a copy of the 990 for accuracy before furnishing it to the CEO and the board of directors. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management 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, Part VI, Line 19: Other Organization Documents Publicly Available 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. Other Changes In Net Assets Or Fund Balances - Other Decreases Book tax difference sandhills utility services = -$666208 Other Changes In Net Assets Or Fund Balances - Other Decreases contributions in aid of construction = -$121017 Other Changes In Net Assets Or Fund Balances - Other Increases Increase in memberships = $2160 Other Changes In Net Assets Or Fund Balances - Other Decreases Net Retirement of Capital Credits = -$1336925 Other Changes In Net Assets Or Fund Balances - Other Increases noncash patronge allocations not revenue per irs = $986095 Other Changes In Net Assets Or Fund Balances - Other Increases OCI Adjustment to Equity = $558000 Other Changes In Net Assets Or Fund Balances - Other Increases Patronage Div. paid to members' accts not expense per gaap = $3490658 Form 990 Part IX Line 17 Travel Costs Travel costs includes the expenses of purchasing, leasing, operating, and repairing any vehicles owned by the Corporation and used in the Corporation's activities. Travel costs also include transportation costs, meals and lodging, and per diem payments. Form 990, Part IX, Line 4 Benefits Paid To or For Members Patronage dividends paid to members' accounts in accordance with the pre-existing obligation in Central Electric Membership Corporation's by-laws. The Corporation is obligated to pay by credits to a capital account for each patron all such amounts in excess of operating costs and expenses. IRS instructions for line 4 changed in 2011 to include patronage dividends paid by section 501(c)(12) organizations to their members. Accordingly, these amounts are now reported on line 4. PART VII SECTION A COLUMN F THE Organization PARTICIPATES IN THE NRECA GROUP DEFINED PENSION PLAN. AS PART OF THIS PLAN, PARTICIPANTS ARE REQUIRED TO RECOGNIZE THE ACTUARIAL INCREASE IN THE VALUE OF THEIR ACCOUNT ON THE FORM 990. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THE PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE WITH ALL OTHER THINGS BEING EQUAL. Central Electric Member Care Trust Inc PO Box 1107 Sanford NC 27331 800958464 Charitable Support in CEMC's territory NC 501(c) 3 Central Electric Membership Corporation 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 Inc o 26726 COST