LUMBEE RIVER ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- LUMBEE RIVER ELECTRIC MEMBERSHIP CORPORATION (EIN 56-0305124)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-05-23
- IRS object ID
- 201341439349300309
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-23T09:59:42-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560747981 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIXON HUGHES GOODMAN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 EXCHANGE STREET SUITE G | AddressLine1 |
| City | DANVILLE | City |
| State | VA | State |
| ZIP Code | 24541 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560305124 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LUMBEE RIVER ELECTRIC MEMBERSHIP CORP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LUMB | NameControl |
| Phone | 9108434131 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 605 EAST FOURTH AVENUE | AddressLine1 |
| City | RED SPRINGS | City |
| State | NC | State |
| ZIP Code | 283770830 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DANIEL LOWRY | Name |
| Title | VP OF FINANCE | Title |
| Phone | 9108434131 | Phone |
| Date Signed | 2013-05-23 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WILLIAM J SETLIFF | Name |
| PTIN | P00169735 | PTIN |
| Phone | 4347925334 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DANIEL LOWRY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 605 EAST FOURTH AVENUE | AddressLine1 |
| City | RED SPRINGS | City |
| State | NC | State |
| ZIP Code | 283770830 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 126692433 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.LUMBEERIVER.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1940 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | SALE OF ELECTRICITY AND SERVICES TO MEMBERS | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 13 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 13 | NbrIndependentVotingMembers |
| Total Nbr Employees | 114 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 124183840 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 122131884 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 617902 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1008580 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1908083 | OtherRevenuePriorYear |
| Other Revenue Current Year | 3551969 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 126709825 | TotalRevenuePriorYear |
| Total Revenue Current Year | 126692433 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 3482223 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 3203518 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1101839 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 896446 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 119267143 | OtherExpensePriorYear |
| Other Expenses Current Year | 115037602 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 123851205 | TotalExpensesPriorYear |
| Total Expenses Current Year | 119137566 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2858620 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 7554867 | RevenuesLessExpensesCY |
| Total Assets BOY | 204972756 | TotalAssetsBOY |
| Total Assets EOY | 246373185 | TotalAssetsEOY |
| Total Liabilities BOY | 116326380 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 153682447 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 88646376 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 92690738 | NetAssetsOrFundBalancesEOY |
| Mission Description | SALE OF ELECTRICITY AND SERVICES TO MEMBERS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | SALE OF ELECTRICITY AND SERVICES TO MEMBERS | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 99 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 114 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Gross Income From Members | 124832224 | GrossIncomeFromMembers |
| Gross Income Other Sources | 1570988 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 13 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 13 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DANIEL LOWRY-LUMBEE RIVER EMC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9108437932 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 605 EAST FOURTH AVENUE | AddressLine1 |
| City | RED SPRINGS | City |
| State | NC | State |
| ZIP Code | 283770830 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (21 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| HERBERT CLARK | |||||||
| SECRETARY | 4.00 | X | X | 14220 | 0 | 4410 | |
| LACY CUMMINGS | |||||||
| DIRECTOR | 4.00 | X | 10800 | 0 | 7697 | ||
| JAMES HARDIN | |||||||
| DIRECTOR | 6.00 | X | 18060 | 0 | 9237 | ||
| WILLIAM HOLLINGSWORTH | |||||||
| DIRECTOR | 7.00 | X | 21600 | 0 | 5927 | ||
| MAGGIE HUNT | |||||||
| DIRECTOR | 4.00 | X | 12240 | 0 | 4426 | ||
| AMBROSE LOCKLEAR | |||||||
| DIRECTOR | 4.00 | X | 10560 | 0 | 1571 | ||
| MADIE R LOCKLEAR | |||||||
| DIRECTOR | 3.00 | X | 12360 | 0 | 5818 | ||
| PROCTOR LOCKLEAR | |||||||
| DIRECTOR | 4.00 | X | 8940 | 0 | 4770 | ||
| BROUGHTON OXENDINE | |||||||
| DIRECTOR | 4.00 | X | 13020 | 0 | 3550 | ||
| ROGER OXENDINE | |||||||
| CHAIRMAN | 3.00 | X | X | 11460 | 0 | 11304 | |
| RONALD HAMMONDS | |||||||
| TREASURER | 7.00 | X | X | 23340 | 0 | 3879 | |
| ELAINE CHAVIS | |||||||
| DIRECTOR | 6.00 | X | 20220 | 0 | 3719 | ||
| WYATT UPCHURCH | |||||||
| VICE CHAIRMAN | 4.00 | X | X | 12000 | 0 | 5728 | |
| RORY EDDINGS | |||||||
| DIRECTOR | 4.00 | X | 3480 | 0 | 75 | ||
| ERIC LOCKLEAR | |||||||
| DIRECTOR | 4.00 | X | 3180 | 0 | 1010 | ||
| JARETTE SAMPSON | |||||||
| DIRECTOR | 5.00 | X | 2580 | 0 | 1884 | ||
| ILENE OXENDINE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| RANDALL JONES | |||||||
| RETIRED PRESIDENT & CEO | 40.00 | 225686 | 0 | 6301 | X | ||
| CARMEN DIETRICH | |||||||
| VP OF CORPORATE SERVICES | 40.00 | 128321 | 0 | 6123 | X | ||
| DANIEL LOWRY | |||||||
| VP OF FINANCE | 40.00 | 121769 | 0 | 6065 | X | ||
| WILLIAM CUMMINGS | |||||||
| INTERIM PRESIDENT/CEO | 40.00 | 120321 | 0 | 8792 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 794157 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 102286 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| EAST COAST ELECTRICAL CONSTRUCTION INC | |||||
| 3688 UNION CHURCH ROAD | PEMBROKE | NC | 28372 | O/H CONTRACTOR | 2505451 |
| MASTEC NORTH AMERICA INC | |||||
| PO BOX 277124 | ATLANTA | GA | 30384 | UNDERGROUND CONTRACTOR | 1619896 |
| LEWIS TREE SERVICE INC | |||||
| PO BOX 8000 | BUFFALO | NY | 14267 | RIGHT OF WAY CONTRACTOR | 1018218 |
| SUMTER UTILITIES INC | |||||
| PO BOX 846391 | DALLAS | TX | 75284 | SUBSTATION CONSTRUCTION | 606936 |
| BILLY BURNS CONSTRUCTION | |||||
| 2311 DEEP BRANCH ROAD | PEMBROKE | NC | 28372 | RIGHT OF WAY CONTRACTOR | 224590 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 9 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| SALE OF ELECTRICITY | 221000 | 118605893 | 118605893 | |
| PATRONAGE CAPITAL | 900099 | 2127338 | 2127338 | |
| CONTRIBUTION IN AID | 900099 | 1074196 | 1074196 | |
| POLE RENTAL | 900099 | 324457 | $324,457 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 122131884 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1008580 | TotalRevenueColumn |
| Exclusion | $1,008,580 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| GAIN IN EQUITY INVESTMENTS | 900001 | 3024797 | 3024797 |
| DISCOUNTED CAPITAL CREDITS | 221000 | 527172 | 527172 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 3551969 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 126692433 | TotalRevenueColumn |
| Related Or Exempt Function Income | 125359396 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,333,037 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3203518 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 794157 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 102289 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4913039 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7012275 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF POWER | 81835806 |
| ADMINISTRATIVE AND GENE | 6488160 |
| TAXES | 5011171 |
| DISTRIBUTION - MAINTENA | 4021248 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5755903 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 119137566 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6857246 | BOY |
| EOY | 11610416 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1569236 | BOY |
| EOY | 17672464 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13106760 | BOY |
| EOY | 14533958 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3791401 | BOY |
| EOY | 4018076 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1457755 | BOY |
| EOY | 5213729 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1398216 | BOY |
| EOY | 1168165 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 249239312 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 75341214 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 162120449 | BOY |
| EOY | 173898098 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14667135 | BOY |
| EOY | 18258279 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4558 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 204972756 | BOY |
| EOY | 246373185 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12660739 | BOY |
| EOY | 12231879 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 87207074 | BOY |
| EOY | 115781577 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16458567 | BOY |
| EOY | 25668991 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 116326380 | BOY |
| EOY | 153682447 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 88646376 | BOY |
| EOY | 92690738 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 88646376 | BOY |
| EOY | 92690738 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 204972756 | BOY |
| EOY | 246373185 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 7554867 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -3510505 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 241435649 | InvestmentCostOrOtherBasis |
| Depreciation | 75341214 | Depreciation |
| Book Value | 166094435 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 7803663 | InvestmentCostOrOtherBasis |
| Book Value | 7803663 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 173898098 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (6 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| NATIONAL RURAL UTILITIES CFC | 1786061 | C |
| PATRONAGE CAPITAL CREDITS INVESTMENT IN TEMA | 1308569 | C |
| SANDHILL UTILITIES | 5431966 | F |
| INVESTMENT IN NCEMC | 8981411 | C |
| DIVERSIFIED ENERGY, LLC | 333469 | F |
| OTHER INVESTMENTS | 416803 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 18258279 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ACCRUED POSTEMPLOYMENT BENEFITS | $12,897,000 |
| CONSUMER DEPOSITS | $3,816,856 |
| DEFERRED CREDITS | $8,230,197 |
| POWER COST DEFERRAL | $724,938 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 25668991 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 126692433 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 126692433 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 126692433 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 119137566 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 119137566 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 119137566 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X, LINE 2: | ReturnReference |
| Explanation | THE COMPANY HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2012 AND 2011. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | 1 | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | RANDALL JONES | NamePerson |
| Title | RETIRED PRESIDENT & CEO | Title |
| Base Compensation Filing Org | 225686 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 6301 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 231987 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | LUMBEE RIVER ELECTRIC MEMBERSHIP CORPORATION SERVED APPROXIMATELY 46,185 MEMBERS AS OF OCTOBER 15, 2009. WE HAVE OVER 56,000 ACCOUNTS OR MEMBERS WITH MULTI-ACCOUNTS, FOR EXAMPLE FARMING OPERATIONS COULD HAVE FIVE TO TEN ACCOUNTS DURING PEAK SEASON. | |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER OF LUMBEE RIVER ELECTRIC MEMBERSHIP CORPORATION IS ENTITLED TO ONE VOTE AT THE ANNUAL BUSINESS MEETING FOR DIRECTORS ELECTION. THERE ARE THIRTEEN DIRECTORS THAT ARE ELECTED EVERY THREE YEARS. | |
| FORM 990, PART VI, SECTION A, LINE 7B | YES, THE MINUTES FROM THE PREVIOUS MEETING AND THE ELECTION OF THE DIRECTORS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 WILL BE REVIEWED BY THE BOARD OF DIRECTORS. THE 990 IS PRESENTED BY THE VICE PRESIDENT OF FINANCE/CFO AND OUR INDEPENDENT AUDITOR, DIXON HUGHES GOODMAN, LLP. | |
| FORM 990, PART VI, SECTION B, LINE 12C | 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 ONLINE 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. | |
| FORM 990, PART VI, SECTION B, LINE 15 | PAGE 6, PART VI, LINE 15A. THE EXECUTIVE COMMITTEE WILL REVIEW THE COMPARABLE DATA (NRECA NATIONAL COMPENSATION SURVEY FOR RURAL ELECTRIC SYSTEMS) AND DETERMINE THE COMPENSATION FOR THE CEO FOLLOWING A REVIEW DONE IN JANUARY OF EACH YEAR. COMPENSATION OF OTHER OFFICERS OF THE ORGANIZATION IS REVIEWED EACH JULY. AFTER CAREFUL CONSIDERATION OF LABOR MARKET INFORMATION, PRICE INDEX FOR THE PRECEDING 12-MONTH PERIOD, AND AN ASSESSMENT OF GENERAL ECONOMIC CONDITIONS DIRECTLY AFFECTING THE COOPERATIVE AND ITS ABILITY TO PAY ITS EMPLOYEES, THE BOARD OF DIRECTORS, UPON RECOMMENDATION OF THE CEO, SHALL MAKE A DETERMINATION OF THE PLAN ADJUSTMENT TO BE APPLIED TO THE PAY RATE OF EACH EMPLOYEE. PAGE 6, PART VI, LINE 15B. THE CPI FOR THE MONTH OF MAY AND THE FINANCIAL STABILITY OF THE CO-OP IS REVIEWED TO ESTABLISH THE COLA PERCENTAGE FOR THE YEAR. ALL MERITS ARE BASED ON AN INDIVIDUALS ANNUAL REVIEW. THE MERIT PERCENTAGES ARE ESTABLISHED FROM A MATRIX SYSTEM BY AN OUTSIDE CONSULTANT. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE A PART OF THE BYLAWS WHICH ARE LOCATED AT AL BRANCH OFFICES (5) AND THE MAIN OFFICE OF LUMBEE RIVER EMC. ALL NEW MEMBERS ARE GIVEN A COPY OF THE BYLAWS WHEN THEY APPLY FOR SERVICE. THE FINANCIAL STATEMENTS ARE PUBLISHED IN THE ANNUAL REPORT AND PRESENTED AT THE ANNUAL MEETING IN OCTOBER. THE FINANCIAL INFORMATION IS PRINTED IN THE NOVEMBER ISSUE OF THE CAROLINA COUNTRY AND THE EMPLOYEE NEWSLETTER THAT ARE MAILED TO ALL MEMBERS. THE FINANCIAL INFORMATION IS AVAILABLE ON THE LUMBEE RIVER EMC INTERNET SITE AND CAN BE PRINTED OR DOWNLOADED. | |
| FORM 990, PART XI, LINE 9: | INCREASE IN OTHER EQUITIES 1,569,500. INCREASE IN MEMBERSHIPS 7,625. CONTRIBUTION IN AID OF CONSTRUCTION -1,074,196. ACCUMULATED OTHER COMPREHENSIVE INCOME -1,885,500. DISCOUNTED CAPITAL CREDITS -2,127,934. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C: NO CHANGES TO THE AUDIT COMMITTEE OR SELECTION OF INDEPENDENT ACCOUNTANT BY THE OVERSIGHT COMMITTEE. |