2014-10-01T10:26:27-05:00 2013-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2013-01-01 570196563 LAURENS ELECTRIC COOPERATIVE INC LAUR 8646823141 PO BOX 700 LAURENS SC 29360 J DAVID WASSON PRESIDENT & CEO 8646823141 2014-09-08 true BRYAN A ISGETT P01441928 4787466277 2014-10-01 2013 2015-11-30 17:44:51Z J DAVID WASSON PO BOX 700 LAURENS SC 29360 122075716 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 9 155 1669585 0 111535211 117378864 562529 608117 1887794 1733661 113985534 119720642 0 1083714 4572602 703532 718809 0 0 112198288 114429231 113985534 119720642 0 184518018 193851978 141984917 147177250 42533101 46674728 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 false 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 75 0 true 155 true true true false false false false 116195083 5431021 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 MITCHELL POWERS SECRETARY/TR 5.00 X X 35678 0 0 LEROY BLAKELY TRUSTEE 5.00 X 34301 0 0 MARCUS COOK TRUSTEE 5.00 X 33725 0 0 JOE T NICHOLSON TRUSTEE 5.00 X 33649 0 0 CHARLES E ADAIR VICE CHAIRMA 5.00 X X 33480 0 0 WILLIAM HENDRIX TRUSTEE 5.00 X 33445 0 0 LEWIS HARRISON CHAIRMAN 5.00 X X 30539 0 0 FE HENDRIX TRUSTEE 5.00 X 24077 0 0 EDDIE ABRAMS TRUSTEE 5.00 X 15943 0 0 J DAVID WASSON PRESIDENT & 50.00 X 333214 0 110758 NATHAN BROWN DIR-ENGINEER 50.00 X 146203 0 59517 MATTHEW D STANLEY DIR. OF ACCO 50.00 X 134360 0 56401 CHAD ARMSTRONG DIR. OF HUMA 50.00 X 122135 0 54125 CHRISTOPHER J MIERS DIR. MEMBR S 50.00 X 111827 0 50732 RANDY E GARRETT DIR. OF PUBL 50.00 X 106989 0 36969 1229565 368502 8 false true false PROGRAM SERVICE REVENUE 221000 116195083 116195083 PATRONAGE CAPITAL CREDITS 221000 851720 851720 POLE RENTAL 221000 332061 332061 117378864 608117 608117 4024659 2355074 1669585 1669585 OTHER ELECTRIC REVENUE 221000 64076 64076 64076 119720642 117110879 1669585 940178 4572602 718809 6357231 5647288 PURCHASED POWER 79245503 DISTRIBUTION OPERATIONS 7304525 ADMIN & GENERAL EXP 5601935 DISTRIBUTION MAINTENANCE 4081707 6191042 119720642 0 0 0 6707931 10883328 8613753 10458447 5889320 6810096 369975 294605 1040101 1070706 522986 740062 224425160 69843736 152414116 154581424 8959836 9013310 184518018 193851978 12083866 13787341 121699187 126176944 8201864 7212965 141984917 147177250 X 290950 294660 42242151 46380068 42533101 46674728 184518018 193851978 0 4141627 X false true X true false 2391456 2391456 12239752 3621292 8618460 209793952 66222444 143571508 154581424 POST RETIREMENT BENEFITS 4497843 CONSUMER DEPOSITS 2638351 OTHER 76771 7212965 X X X false false false J DAVID WASSON PRESIDENT & CEO 301961 25600 5653 93226 17532 443972 NATHAN BROWN DIR-ENGINEER&OPER 140605 3100 2498 41985 17532 205720 MATTHEW D STANLEY DIR. OF ACCOUNTING 128110 3100 3150 38869 17532 190761 CHAD ARMSTRONG DIR. OF HUMAN RESOUR 116175 3100 2860 36593 17532 176260 CHRISTOPHER J MIERS DIR. MEMBR SRVCS 106647 3100 2080 33200 17532 162559 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 PATRONAGE CAPITAL CREDITS 4,572,602 MEMBERSHIP FEES 3,710 OTHER COMPREHENSIVE INCOME 96,200 REACQUIRED CAPITAL CREDITS 69,105 LESS: CAPITAL CREDIT RETIREMENTS -599,990 ALARM MONITORING CENTER OF SC LLC 2254 HWY 14 LAURENS SC 29630 571066653 SECURITY A SC 44206 1420011 LAURENS EC VANGUARD OF SPARTANBURG 101 BUILDERS BOILING SPRINGS SC 29316 570767813 SECURITY A SC LAURENS EC C CORP 1.00000 false false false false false false false false false false false false false false false false false false false false