2017-10-30T10:34:49-04:00 2016-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2016-01-01 560440935 WAKE ELECTRIC MEMBERSHIP CORPORATION WAKE 9198636300 PO BOX 1229 WAKE FOREST NC 27588 JAMES E MANGUM JR CEO & GEN. MGR. 9198636300 2017-10-30 true BRYAN A ISGETT P01441928 4787466277 2017-10-30 BE799C77261EE06AB1BFE677EC220712838153C6 DE624E79D3FDB7B117F78ADC73FB33944D56C78F 2016 2021-01-29 14:40:06Z JAMES E MANGUM JR PO BOX 1229 WAKE FOREST NC 27588 89365913 false X WWW.WEMC.COM X 1940 NC 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 43 0 0 88224375 88868372 22366 101183 -37702 -133419 88209039 88836136 0 6872451 6314871 736248 6274147 0 0 80600340 76247118 88209039 88836136 0 210773460 218732777 140503866 143351743 70269594 75381034 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 false false false false false false false false false true false true false true false false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 73 0 true 43 true false false false false false 86156005 996350 false X 9 9 false false false false true true true true true false false true true true true true true true true false NC X LISA KENNEDY 9198636300 228 PARK AVE YOUNGSVILLE NC 27596 REUBEN MATTHEWS PRESIDENT 4.20 X X 20399 0 0 SUZY MORGAN VICE PRESIDE 8.17 X X 28876 0 0 H MICHAEL DICKERSON TREASURER 5.23 X X 23772 0 0 ROBERT JOE EDDINS SECRETARY 4.79 X X 21916 0 0 J HOWARD CONYERS DIRECTOR 3.70 X 12812 0 0 W JOSEPH HILBURN JR DIRECTOR 7.36 X 25164 0 0 ALLEN NELSON DIRECTOR 6.17 X 26092 0 0 RODNEY PRIVETTE DIRECTOR 6.16 X 22130 0 0 ROBERT HILL DIRECTOR 6.11 X 21666 0 0 NEWMAN I BAILEY DIRECTOR 2.00 X 3498 0 0 JAMES E MANGUM JR CEO & GEN. M 50.00 X 508298 0 61423 PHILIP PRICE COO & ASST G 50.00 X 265940 0 36017 DON BOWMAN MGR OF OPERA 50.00 X 225664 0 45139 CHARLES KELLER MGR OF CUST 50.00 X 175938 0 44527 JORDAN W OVERBEE MGR OF OPERA 50.00 X 123686 0 52795 CECIL ALEXANDER MAINTENANCE 50.00 X 116266 0 51971 1622117 291872 12 false true false X ELEC. SALES AND SERVICE 221000 86156005 86156005 CAPITAL CREDITS 221000 2542086 2542086 POLE RENTAL 221000 170281 170281 88868372 25535 25535 358512 475509 -116997 -116997 -116997 129916 54268 75648 75648 75648 SUBSIDIARY INCOME 221000 -16422 -16422 -16422 88836136 88681669 154467 6314871 6314871 776046 776046 3579056 3579056 635656 635656 955899 955899 327490 327490 5411904 5411904 6774547 6774547 PURCHASED POWER 55625038 55625038 CONSUMER ACCOUNTS 2986820 2986820 DISTRIBUTION MAINTENANCE 2248174 2248174 FRANCHISE TAXES 1785328 1785328 1415307 1415307 88836136 88836136 0 0 373263 452185 11099200 11226409 1531950 1518173 4341185 4080183 1323732 1221330 238124921 55920963 175827753 182203958 16272673 18026820 3704 3719 210773460 218732777 17115857 17716169 120354470 118937465 3033539 6698109 140503866 143351743 X 70269594 75381034 70269594 75381034 210773460 218732777 0 5111440 X false true X true 4394316 4394316 13148957 4063407 9085550 220581648 51857556 168724092 182203958 PATRONAGE CAPITAL NCEMC 9510925 C PATRONAGE CAPITAL CFC 2594038 C OTHER INVESTMENTS 1788772 C NRUCFC CTC'S 1696897 C PATRONAGE CAPITAL TEMA 1335436 C PATRONAGE CAPITAL NRTC 594728 C PATRONAGE CAPITAL FEDERATED 256049 C PATRONAGE CAPITAL NISC 249975 C 18026820 OTHER DEFERRED CREDITS 4040464 CONSUMER DEPOSITS 1652538 UNCLAIMED CAPITAL CREDITS 831391 ACCUM PROV FOR PENSION & BENEFITS 159177 ACCRUED INTEREST PAYABLE 14539 6698109 88836136 88836136 88836136 82521265 82521265 6314871 6314871 88836136 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 6,314,871 X X X false false false JAMES E MANGUM JR CEO & GEN. MGR. 427980 46057 34261 38107 23316 569721 PHILIP PRICE COO & ASST GEN MGR 216573 46666 2701 23015 13002 301957 DON BOWMAN MGR OF OPERATIONS 186268 39047 349 20536 24603 270803 CHARLES KELLER MGR OF CUST SERVICE 165438 6771 3729 39965 4562 220465 JORDAN W OVERBEE MGR OF OPERATION 121712 1892 82 29806 22989 176481 CECIL ALEXANDER MAINTENANCE SUPERINT 114056 1919 291 28194 23777 168237 FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN 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. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR OTHER KEY EMPLOYEES IS REVIEWED AND APPROVED THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE CEO. 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 PATRONAGE CAPITAL CREDITS 6,314,871 CAPITAL CREDIT RETIREMENTS -1,211,151 MEMBERSHIP FEES 7,720 TOTAL 5,111,440 TRIANGLE SERVICES GROUP INC PO BOX 1229 WAKE FOREST NC 27588 562136060 INTERNET NC N/A C CORP -50934 1460794 1.00000 true false false false false false false false false false false false false false false false false true false false TRIANGLE SERVICES GROUP INC Q 53242 COST