2014-10-13T08:38:05-07:00 2013-12-31 990 2013-01-01 560154512 BRUNSWICK ELECTRIC MEMBERSHIP CORPORATION BRUN 9107544391 PO BOX 826 SHALLOTTE NC 28459 DON HUGHES CEO/General Manager 2014-10-13 2013 2015-11-30 17:44:51Z Don Hughes 170877385 false false X www.bemc.org X 1939 NC See Schedule O 13 13 161 208 0 151279819 170045637 487751 516370 120052 213079 151887622 170775086 202170 219876 7130000 7766657 23915889 25112812 0 0 119639207 132313526 150887266 165412871 1000356 5362215 341312768 378313580 235987461 260183623 105325307 118129957 X See Schedule O false false 157189210 160206613 Distribution of electricity to members, which includes the purchase of electric power from suppliers, transmission operations and maintenance, distribution operations and maintenance, customer accounting, customer service, marketing, general administration, and minor non-operating activities. 7766657 Patronage dividends paid to members' accounts. See Part IX, line 4, "Benefits paid to or for members", per IRS instructions. 457951 1649708 Operation, maintenance and construction of electric distribution lines for the Military Ocean Terminal Sunny Point, under the terms of a long-term contract with the United States Government. 7240796 165413818 false false false false false false false false false false true false true false true true true true false false false false false false false false false true true true false false false false false false false false false false false false false false false false true true false false false true 72 0 true 161 true true false false false false false false false 161856321 8918765 false false false X 13 13 true false false false true true true true true false false true true true true true true true true false X THE CORPORATION 9107544391 PO BOX 826 SHALLOTTE NC 28459 HUBERT K BRITTAIN President 25.00 15.00 X X 52302 0 0 JOANN B SIMMONS Vice President 15.00 5.00 X X 25106 0 0 L CALVIN DUNCAN Secy/Treasurer 35.00 5.00 X X 40511 0 0 MOSES C HERRING Asst Secy/Treas 20.00 6.50 X X 24756 0 0 PHILLIP W CHEERS Director 12.00 5.00 X 44609 0 0 MONROE C ENZOR JR Director 10.00 5.00 X 39356 0 0 DAVID L GORE Director 11.00 6.00 X 43559 0 0 JOHN L KOPP Director 10.00 8.00 X 43206 0 0 JACKIE W MILLER Director 20.00 10.00 X 48104 0 0 BRYAN R SMITH Director 17.00 6.00 X 25105 0 0 LARRY G FOWLER Director 10.00 5.00 X 44609 0 0 FREDERICK A TEDDER Director 8.00 5.00 X 34561 0 0 JOHN D WARD Director 12.00 3.00 X 40056 0 0 Robert W Leavitt Jr CEO/General Mgr 70.00 10.00 X 333683 19300 26343 Russell E Shipe VP Fin & Risk 50.00 10.00 X 231599 0 87171 Bobby R Davis VP Technical Serv. 50.00 5.00 X 197223 0 25037 Judy N Gore VP Customer Service 50.00 5.00 X 231756 0 25623 Don Hughes VP Operations/COO 50.00 10.00 X 233915 0 25737 Lewis Shaw Mgr Engineering 50.00 1.00 X 158498 0 123109 James Green Mgr Customer Svc 50.00 1.00 X 131698 0 113742 Monte Herring Dist. Oper. Super. 50.00 1.00 X 132634 0 23787 Bonita Hughes Manager HR 50.00 1.00 X 144421 0 24072 David Adams Mgr Info Services 50.00 1.00 X 124876 0 56735 Earl Andrews Supv Energy Svcs 50.00 1.00 X 125582 0 67485 2551725 19300 598841 33 false true false Lee Electrical 12828 Highway 15-501 South Aberdeen NC 28315 Utility line const. 4250440 Pike Electric 100 Pike Way Mt Airy NC 27030 Utility line const. 1677773 Sumter Utilities Inc 1151 N Pike W Sumter SC 29153 Utility line const. 511398 Montieth Contruction 32 N Front Street Wilmington NC 28401 General contractor 709435 New South Maintenance 837 Savannah Road Tabor City NC 28643 Right of way maint. 1666429 25 0 Capital credits-suppliers 221000 948520 948520 Contrib. in aid of const. 221000 7240796 7240796 Elec. sale/distribution 221000 160206613 160206613 Sunny Point O&M contract 221000 1649708 1649708 170045637 572592 572592 0 0 19317 119322 21956 -2639 119322 116683 681 116002 24121 80343 -56222 -56222 -56222 0 0 0 Appliance sales -473 -473 Equity investments 221000 31372 31372 Loan servicing fees 221000 65497 65497 96396 170775086 170142506 208 632372 207376 12500 0 7766657 2178021 0 11438890 2543329 8004992 947580 0 112449 0 0 0 0 451526 29147 375633 402171 0 559511 1224544 0 216628 8449564 0 13363931 0 Cost of power 97850728 Gross receipts taxes 5044613 Distribution operations 3296859 Distribution maintenance 2426072 -1489850 165412871 0 0 0 0 11778556 35117180 0 23254593 21640064 0 0 3562587 5305628 4565675 5296404 2522416 7824113 407110727 129494050 272952501 277616677 4511392 5095315 551099 582471 17257304 19426548 0 356645 409180 341312768 378313580 12652378 14528092 3950487 179265165 194834235 3240000 10054051 40829918 36816758 235987461 260183623 X 105325307 118129957 105325307 118129957 341312768 378313580 X 5362215 7442435 X false true X true false 407110727 129494050 277616677 277616677 19426548 Accrued annual leave 8227286 Consumer deposits 2251075 Deferred credits 6261160 Economic development grant 400000 Other 49801 Other postretirement benefits 19627436 36816758 X 165394541 2405115 2405115 162989426 7785660 7785660 170775086 157101350 157101350 8311521 8311521 165412871 Part X : FIN48 Footnote Note A to the Financial Statements: Income Taxes.The Corporation has been granted exemption from income tax under Internal Revenue Service Code Section 501(c)(12) of the Internal Revenue Code. The Corporation evaluates components of the annual test for compliance to maintain its filing status as a tax exempt entity. In accordance with GAAP for "uncertain tax positions", the Corporation had determined that it is more likely than not that their tax positions will be sustained upon examination by the Internal Revenue Service. Tax years ending on or after December 31, 2010 remain subject to examination by federal and state taxing authorities. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Noncash patronage not revenue per IRS $2405115 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S CIAC not revenue per GAAP $7240796 Nonoperating items netted on F/S $544864 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Nonoperating items netted on F/S $544864 Patronage div. paid to members' accts $7766657 true Brunswick Community College PO Box 30 Supply NC 28462 581493463 5450 0 Athletic event sponsorships Brunswick Family Assistance PO Box 333 Supply NC 28462 561309961 55000 0 Assistance for electric bills Columbus County Dept of Aging PO Box 1327 Whiteville NC 28472 566000289 33500 0 Assistance for electric bills 3 0 College scholarships 4 12500 Grantmaker's Description of How Grants are Used Brunswick Family Assistance and the Columbus County Department of Aging are government agenices. Any "monitoring" of the use of the proceeds could be viewed as an inappropriate invasion of the ultimate recipients' privacy; therefore, Brunswick EMC does not investigate the use of these funds (the identity of the ultimate receipients) once the funds are given to the government agencies. Brunswick Community College athletic events that are sponsored by Brunswick EMC are public events. X X X X X false false false Bobby R Davis VP Technical Serv. 193430 3793 3793 21244 222260 Bonita Hughes Manager HR 141593 2828 2828 21244 168493 David Adams Mgr Info Services 122413 2463 35491 21244 181611 Don Hughes VP Operations/COO 229422 4493 4493 21244 259652 Earl Andrews Supv Energy Svcs 123154 2428 46241 21244 193067 James Green Mgr Customer Svc 129103 2595 92498 21244 245440 Judy N Gore VP Customer Service 227377 4379 4379 21244 257379 Lewis Shaw Mgr Engineering 155405 3093 101865 21244 281607 Monte Herring Dist. Oper. Super. 130091 2543 2543 21244 156421 Robert W Leavitt Jr CEO/General Mgr 327288 6395 19300 5099 21244 360026 19300 Russell E Shipe VP Fin & Risk 227203 4396 65927 21244 318770 Robert W Leavitt Jr Director 1759 Propane purchases false Schedule L, Part V Supplemental Information Robert W. Leavitt, Jr. is an uncompensated director of Diversified Energy, LLC (a subsidiary of the North Carolina Electric Membership Corporation) in his official capacity and duty as the CEO of Brunswick Electric Membership Corporation. Brunswick Electric Membership Corporation purchases retail propane from Diversified Energy, LLC. Form 990, Part III, Line 4d: Other Program Services Description OTHER PROGRAM SERVICES 4: Patronage dividends paid to members' accounts. See Part IX, line 4, "Benefits paid to or for members", per IRS instructions. Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Each director of Brunswick Electric Membership Corporation has a business relationship with all other directors of Brunswick Electric Membership Corporation, in their capacities as directors of Rural Consumer Services Corporation.Hubert K. Brittain has a business relationship with Robert W. Leavitt, Jr., in their capacities as directors of the North Carolina Electric Membership Corporation.Frederick A. Tedder has a business relationship with Robert W. Leavitt, Jr., in their capacities as directors of the North Carolina Association of Electric Cooperatives, Inc. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder The Corporation is an electric cooperative that distributes electricity to its members. Membership is available to any individual or business that desires electric service within the Corporation's assigned service territory. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body All members of the governing body (the Directors) of the Corporation are elected by the general membership of the cooperative at the Corporation's annual membership meeting. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders All decisions made by the governing body of the Corporation are ratified by the general membership of the cooperative at the Corporation's annual membership meeting. Form 990, Part VI, Line 11b: Form 990 Review Process Prior to filing, the Form 990 is presented to the full Board of Directors, at a regularly scheduled meeting, by the CEO and VP of Finance. The Board authorizes the CEO to sign and file the return. In addition, at various meetings throughout the year, the Board receives training regarding the elements of the Form 990 by the Corporation's tax consultant and special outside legal counsel. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Officers, directors, and key employees are required to disclose interests that could give rise to conflicts at the beginning of each regularly scheduled monthly meeting of the Board of Directors. In addition, officers, directors and key employees are required to sign an annual statement disclosing any such interests. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management CEO compensation is determined by the Board of Directors of the Corporation after (1) review by the Compensation Committee of the Board of Directors, (2) comparisons with compensation surveys, (3) consultation with outside professionals, and (4) review of any other pertinent data. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Compensation of officers and key employees is determined by the CEO after (1) consultation with the Director of Human Resources, (2) comparisons with compensation surveys, (3) consultation with outside professionals, and (4) review of other pertinent data. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available All governing documents and policies (including the conflict of interest policy) are available at the Corporate offices, upon request, in accordance with State and Federal statutes. Summary financial statements are provided free of charge to members at the annual membership meeting. Complete audited financial statements are available upon request, either paper or electronic, without charge. The Form 990 is available upon request, paper or electronic, without charge. The Form 990 is also available on-line at "guidestar.com", free of charge. Other Changes In Net Assets Or Fund Balances - Other Decreases Change in memberships = -$2910 Other Changes In Net Assets Or Fund Balances - Other Decreases Contributions in aid of construction not revenue per GAAP = -$7240796 Other Changes In Net Assets Or Fund Balances - Other Increases Noncash patronage capital allocations not revenue per IRS = $2405115 Other Changes In Net Assets Or Fund Balances - Other Increases Other comprehensive income = $7631569 Other Changes In Net Assets Or Fund Balances - Other Increases Patronage div. paid to members' accts not expense per GAAP = $7766657 Other Changes In Net Assets Or Fund Balances - Other Decreases Retirement of capital credits = -$3117200 Form 990, Part IX, Line 4 Benefits Paid To or For Members This amount represents patronage dividends paid to members' accounts in accordance with the pre-existing obligation in Section 9.02 of Brunswick 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 1 question 1 and Part III question 1 - Organization Mission The mission is to provide our cooperative membership with superior electric and consumer services through open communication, utilizing a highly-trained, efficient work force in conjunction with a knowledgeable and well-informed membership. The primary goal is to distribute safe, affordable, reliable and environmentally responsible electricity to the membership. Rural Consumer Services Corporation PO BOX 826 SHALLOTTE NC 28459 561553250 ECONOMIC DEVELOPMENT NC 501 (C) 4 Brunswick Electric Membership Corp true false false false true false false false false false true true false false false true false false false false Rural Consumer Services Corporation d 2000000 Cash payment Rural Consumer Services Corporation j 185127 Allocation&Cash Rural Consumer Services Corporation k 663566 Cash payment Rural Consumer Services Corporation o 267609 Actual cost Part V Line 1d Brunswick EMC as intermediary received a $2,000,000 loan from the USDA REDLG program for weatherization assistance to its members. REDLG rules require that the assistance be made by Rural Consumer Services Corporation, a third party ultimate recipient. Therefore, the funds were loaned by Brunswick EMC as intermediary to Rural Consumer Services Corporation as the ultimate recipient. The terms of the loan from BEMC to RCSC are the same as the terms of the loan from USDA to BEMC.