HAYWOOD ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- HAYWOOD ELECTRIC MEMBERSHIP CORPORATION (EIN 56-0193499)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-05-02
- IRS object ID
- 201201239349301105
- Schema version
- 2011v1.2
- Note
- A later return for the same period supersedes this one.
- 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 | 2012-05-02T15:40:01-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | 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 | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560193499 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HAYWOOD ELECTRIC MEMBERSHIP CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | HAYW | NameControl |
| Phone | 8284522281 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 376 GRINDSTONE ROAD | AddressLine1 |
| City | WAYNESVILLE | City |
| State | NC | State |
| ZIP Code | 28785 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SUSAN MCCALL | Name |
| Title | INTERNAL AUDITOR | Title |
| Phone | 8284522281 | Phone |
| Date Signed | 2012-05-02 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | STEVEN E FARRAR | Name |
| PTIN | P00439700 | PTIN |
| Phone | 4347925334 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | SUSAN MCCALL | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 376 GRINDSTONE ROAD | AddressLine1 |
| City | WAYNESVILLE | City |
| State | NC | State |
| ZIP Code | 28785 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 42531415 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | N/A | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1938 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 10 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 10 | NbrIndependentVotingMembers |
| Total Nbr Employees | 72 | 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 | 42301702 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 41742449 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 12718 | InvestmentIncomePriorYear |
| Investment Income Current Year | 137410 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 279570 | OtherRevenuePriorYear |
| Other Revenue Current Year | 312211 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 42593990 | TotalRevenuePriorYear |
| Total Revenue Current Year | 42192070 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 11290 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 838835 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 505837 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 492543 | 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 | 37747884 | OtherExpensePriorYear |
| Other Expenses Current Year | 37849780 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 38253721 | TotalExpensesPriorYear |
| Total Expenses Current Year | 39192448 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 4340269 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 2999622 | RevenuesLessExpensesCY |
| Total Assets BOY | 122437306 | TotalAssetsBOY |
| Total Assets EOY | 123567482 | TotalAssetsEOY |
| Total Liabilities BOY | 85248977 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 84206620 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 37188329 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 39360862 | NetAssetsOrFundBalancesEOY |
| Mission Description | SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| 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 | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | 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 | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 35 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 72 | 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 |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Gross Income From Members | 41272874 | GrossIncomeFromMembers |
| Gross Income Other Sources | 428604 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 10 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 10 | 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 | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| 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 | SUSAN MCCALL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8284522281 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 376 GRINDSTONE ROAD | AddressLine1 |
| City | WAYNESVILLE | City |
| State | NC | State |
| ZIP Code | 28785 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (12 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 |
|---|---|---|---|---|---|---|---|
| KENNETH ISRAEL | |||||||
| VICE PRESIDENT | 5.00 | X | X | 16431 | 0 | 0 | |
| DAVID NOLAND | |||||||
| DIRECTOR | 3.00 | X | 16431 | 0 | 0 | ||
| JAMES BOYETTE | |||||||
| SECRETARY/TREASURER | 6.00 | X | X | 17331 | 0 | 0 | |
| ROY STAMEY | |||||||
| PRESIDENT | 8.00 | X | X | 23243 | 0 | 0 | |
| BOBBY JOE TUCKER | |||||||
| DIRECTOR | 6.00 | X | 21443 | 0 | 0 | ||
| LARRY CLARK | |||||||
| DIRECTOR | 7.00 | X | 17860 | 0 | 0 | ||
| CLAY TALLEY | |||||||
| DIRECTOR | 1.00 | X | 7395 | 0 | 0 | ||
| EMMIT WOOD | |||||||
| DIRECTOR | 1.00 | X | 12305 | 0 | 0 | ||
| LUCAS SORRELLS | |||||||
| DIRECTOR | 7.00 | X | 16260 | 0 | 0 | ||
| L STEPHEN FOSTER | |||||||
| DIRECTOR | 3.00 | X | 16768 | 0 | 0 | ||
| SUSAN MCCALL | |||||||
| INTERNAL AUDITOR | 40.00 | X | 79088 | 0 | 45279 | ||
| NORMAN SLOAN | |||||||
| MANAGER | 40.00 | 149281 | 0 | 53428 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 393836 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 98707 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | 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 |
|---|---|---|---|---|---|
| MB HAYNES | |||||
| PO BOX 16589 | ASHEVILLE | NC | 28816 | DISTRIBUTION LINE EXTENSION | 1379420 |
| MOUNTAIN AIRE UTILITY | |||||
| 3772 CANEY FORK ROAD | CULLOWHEE | NC | 28723 | RIGHT OF WAY TREE CLEARING | 1263944 |
| PIKE ENERGY SOLUTIONS LLC | |||||
| PO BOX 1000 | MEMPHIS | TN | 38148 | DISTRIBUTION LINE EXTENSION | 860948 |
| ASPLUNDH TREE EXPERT | |||||
| PO BOX 532729 | ATLANTA | GA | 30353 | RIGHT OF WAY TREE CLEARING | 751905 |
| SOUTHEAST WOODLAND SERVICES | |||||
| 431 CAINES LANDING RD | CONWAY | SC | 29526 | RIGHT OF WAY TREE CLEARING | 225344 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| SALE OF ELECTRICITY | 221000 | 39567718 | 39567718 | |
| CONTRIBUTIONS IN AID | 221000 | 873596 | 873596 | |
| POLE RENTAL INCOME | 221000 | 469575 | $469,575 | |
| SERVICE CHARGES | 221000 | 460230 | 460230 | |
| PATRONAGE CAPITAL | 221000 | 371330 | 371330 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 41742449 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 61413 | TotalRevenueColumn |
| Exclusion | $61,413 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 127007 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 51010 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 75997 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 75997 | TotalRevenueColumn |
| Related Or Exempt Function Income | 75997 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 309352 | GrossSalesOfInventory |
| Cost Of Goods Sold | 288335 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 21017 | TotalRevenueColumn |
| Related Or Exempt Function Income | 21017 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | DISCOUNTED CAPITAL CRE | Description |
| Business Code | 221000 | BusinessCode |
| Total Revenue Column | 291194 | TotalRevenueColumn |
| Related Or Exempt Function Income | 291194 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 291194 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 42192070 | TotalRevenueColumn |
| Related Or Exempt Function Income | 41661082 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $530,988 | ExclusionAmount |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11290 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 838835 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 393836 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 77001 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21706 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3532070 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3956938 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF POWER | 19104121 |
| DISTRIBUTION - MAINTENA | 4152099 |
| DISTRIBUTION - OPERATIO | 2240295 |
| ADMINISTRATIVE AND GENE | 2006779 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2857478 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39192448 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1022827 | BOY |
| EOY | 613320 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5509891 | BOY |
| EOY | 4789978 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 63847 | BOY |
| EOY | 71716 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1008788 | BOY |
| EOY | 821146 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1137142 | BOY |
| EOY | 1108398 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 141501227 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 28267131 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 110930871 | BOY |
| EOY | 113234096 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2626499 | BOY |
| EOY | 2791093 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 137441 | BOY |
| EOY | 137735 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 122437306 | BOY |
| EOY | 123567482 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4159967 | BOY |
| EOY | 3780665 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 116427 | BOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 67584039 | BOY |
| EOY | 64975719 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13388544 | BOY |
| EOY | 15450236 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 85248977 | BOY |
| EOY | 84206620 | 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 | 37188329 | BOY |
| EOY | 39360862 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37188329 | BOY |
| EOY | 39360862 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 122437306 | BOY |
| EOY | 123567482 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 2999622 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -904090 | 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 |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1553086 | OtherCostOrOtherBasis |
| Book Value | 1553086 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11007106 | OtherCostOrOtherBasis |
| Depreciation | 1590578 | Depreciation |
| Book Value | 9416528 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 127683889 | OtherCostOrOtherBasis |
| Depreciation | 26676553 | Depreciation |
| Book Value | 101007336 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1257146 | OtherCostOrOtherBasis |
| Book Value | 1257146 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 113234096 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CONSUMER DEPOSITS | $852,666 |
| LINE OF CREDIT | $14,235,370 |
| POSTRETIREMENT BENEFITS OTHER THAN PENSIONS | $362,200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 15450236 | TotalOfAmounts |
| Total Revenue | 42192070 | TotalRevenue |
| Total Expenses | 39192448 | TotalExpenses |
| Excess Or Deficit For Year | 2999622 | ExcessOrDeficitForYear |
| Other | -$904,090 | OtherAmount |
| Total Adjustments | -904090 | TotalAdjustments |
| Excess Or Deficit Per FS | 2095532 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 42192070 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 42192070 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 42192070 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 39115447 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 39115447 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 39115447 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X: | THE CORPORATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2011. |
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | CONTRIBUTIONS IN AID OF CONSTRUCTION -873,596. DECREASE IN CAPITAL CREDITS LESS THAN $5 MINIMUM -2,064. DECREASE IN DONATED CAPITAL -330. INCREASE IN ACCUMULATED OTHER COMPREHENSIVE INCOME -28,100. TOTAL TO SCHEDULE D, PART XI, LINE 8: -904,090. | |
| SEE SUPPLEMENTAL INFORMATION ATTACHED TO THE 990. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | NORMAN SLOAN | NamePerson |
| Base Compensation Filing Org | 149281 | 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 | 38953 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 14475 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 202709 | 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 | HAYWOOD EMC IS AN ELECTRIC DISTRIBUTION SYSTEM. EACH PROSPECTIVE CONSUMER/MEMBER REQUESTING ELECTRIC SERVICE SHALL SIGN THE COOPERATIVE'S APPLICATION FOR MEMBERSHIP AND SUPPLY THE COOPERATIVE WITH SUCH CREDIT REFERENCES AS MAY BE REQUESTED. THERE IS NO MEMBERSHIP FEE. | |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER/HOUSEHOLD IS AFFORDED ONE VOTE ANNUALLY IN THE ELECTION OF SPECIFIED BOARD SEAT. | |
| FORM 990, PART VI, SECTION A, LINE 7B | THE DECISION TO DISSOLVE THE COOPERATIVE WOULD BE SUBJECT TO APPROVAL BY MEMBERS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | INFORMATION AND DATA REQUIRED TO COMPLETE THE FORM 990 IS PROVIDED TO HAYWOOD EMC'S INDEPENDENT AUDIT FIRM; A DRAFT IS PREPARED BY THE FIRM; THE DRAFT IS REVIEWED BY GENERAL MANAGER AND INTERNAL AUDITOR FOR ACCURACY; THAT DRAFT IS THEN PRESENTED TO HEMC'S BOARD OF DIRECTORS FOR THEIR REVIEW. | |
| FORM 990, PART VI, SECTION B, LINE 12C | HAYWOOD EMC EVALUATES, ON AN ON-GOING BASIS, THE EVENTS THAT WOULD GIVE RISE TO THE CONFLICT OF INTEREST POLICY FOR BOTH EMPLOYEES AND DIRECTORS AND ENFORCE COMPLIANCE WHEN APPLICABLE. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE SALARY OF THE EXECUTIVE VICE PRESIDENT/GENERAL MANAGER SHALL BE REVIEWED ANNUALLY BY THE DIRECTORS. THE FOLLOWING PROCEDURES AND CRITERIA SHALL BE USED TO DETERMINE THE LEVEL OF ANNUAL SALARY INCREASE: 1. THE EXECUTIVE COMMITTEE, AFTER REVIEWING THE RESULTS OF THE EXECUTIVE VICE PRESIDENT/GENERAL MANAGER'S PERFORMANCE APPRAISAL, WILL DEVELOP A RECOMMENDATION FOR CONSIDERATION BY THE BOARD FOR THE LEVEL OF SALARY ADJUSTMENT TO BE GRANTED TO THE EXECUTIVE VICE PRESIDENT/GENERAL MANAGER. 2. FINAL DETERMINATION OF THE SALARY ADJUSTMENT SHALL BE MADE BY THE BOARD. COMPENSATION FOR OTHER OFFICERS OF THE ORGANIZATION IS REVIEWED AS FOLLOWS: 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 THE RECOMMENDATION OF THE EXECUTIVE VICE PRESIDENT/GENERAL MANAGER, SHALL MAKE A DETERMINATION OF THE PLAN ADJUSTMENT TO BE APPLIED TO THE PAY RATE OF EACH EMPLOYEE GROUP. THIS ADJUSTMENT SHALL BE MADE AS A PERCENTAGE CHANGE APPLIED TO ALL PAY RATES WITHIN AN EMPLOYEE GROUP. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO ITS MEMBERS AT THE COOPERATIVE'S ANNUAL MEMBERSHIP BUSINESS MEETING AND IS INCLUDED IN A NEW MEMBER'S PACKET WHEN APPLYING FOR ELECTRIC SERVICE. THE FINANCIAL STATEMENTS ARE MADE AVAILABLE TO MEMBERS AT THE COOPERATIVE'S ANNUAL MEETING AND UPON INDIVIDUAL REQUEST. THE COOPERATIVE'S CONFLICT OF INTEREST POLICY WOULD BE MADE AVAILABLE TO MEMBERS UPON INDIVIDUAL REQUEST. THESE ITEMS MENTIONED ABOVE ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC OUTSIDE OF THE MEMBERSHIP; HOWEVER THE DOCUMENTS WOULD BE AVAILABLE TO THE PUBLIC WITH THE FILING OF IRS FORM 990 AND THE REQUIRED FILINGS WITH RURAL UTILITIES SERVICES IN WASHINGTON, D.C. | |
| FORM 990, PART XI, LINE 5: | CONTRIBUTIONS IN AID OF CONSTRUCTION -873,596. DECREASE IN CAPITAL CREDITS LESS THAN $5 MINIMUM -2,064. DECREASE IN DONATED CAPITAL -330. INCREASE IN ACCUMULATED OTHER COMPREHENSIVE INCOME -28,100. TOTAL TO FORM 990, PART XI, LINE 5: -904,090. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| NO CHANGES NOTED IN CY |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HAYWOOD SERVICES CORPORATION INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 376 GRINDSTONE ROAD | AddressLine1 |
| City | WAYNESVILLE | City |
| State | NC | State |
| ZIP Code | 28785 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 561884718 | EIN |
| Primary Activities | SERVICE - INACTIVE | PrimaryActivities |
| Legal Domicile State | NC | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HAYWOOD ELECTRIC MEMBERSHIP CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |