2012-11-12T10:49:10-08:00 2011-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2011-01-01 560993598 TIDELAND ELECTRIC MEMBERSHIP CORPORATION TIDE 2529433046 PO BOX 159 PANTEGO NC 27860 Paul G Spruill 2012-11-12 true G STEVEN GILLIAM CPA 8043231313 2011 2016-02-24 21:20:13Z Paul G Spruill 25831 Highway 264 East Pantego NC 27860 44876761 false false X WWW.TIDELANDEMC.COM X 1941 NC Safe and effective distribution of electricity to the members of TEMC 10 10 86 0 0 47312543 44711224 101513 39070 112525 126108 47526581 44876402 15330 52241 2035929 5863852 6248972 0 0 36899101 35640956 42778283 43978098 4748298 898304 98954067 106775559 65722806 72683166 33231261 34092393 Safe and effective distribution of electricity to the members of TEMC false false Sale and distribution of electricity to members of TEMC. The three largest program services as measured by expenses are as follows:Cost of power $24,588,033Salaries $3,862,268Depreciation $3,266,454 false false false false false false false false false false true false false false true false true false false false false false false false false false false true false true false false false false false false false false false false false false false false false false true true true false false true 49 0 true 86 true false false false false false false false false false false false 43032159 1741444 false false false false X 10 10 false false false false true true true true true false false false true true true true true true true true false false X Tideland EMC 2529433046 PO Box 159 Pantego NC 27860 Rudy Austin 5.00 X 11100 0 0 David Ipock 2.00 X X 9100 0 0 Wayne Sawyer 8.00 X 14150 0 0 Paul Sasnett 12.00 X X 11400 0 0 Clifton Paul 8.00 X X 11100 0 0 Garry Jordan 5.00 X 10100 0 0 Ray Hamilton 17.00 X X 10900 0 0 Mark Carawan 8.00 X 11000 0 0 Jimmy Burbage 6.00 X 10950 0 0 Leon Bryant 2.00 X 10300 0 0 J Douglas Brinson 14.00 X X 15950 0 0 Cecil O Smith Jr 40.00 X 49128 0 0 Paul G Spruill 40.00 X 77431 0 2977 Jill Lee 40.00 X 101739 0 62890 Benjamin S Beagle III 40.00 X 107696 0 29194 462044 95061 2 false true false T&D SOLUTIONS LLC PO BOX 11948 ALEXANDRIA LA 71315 POWER LINE CONSTRUCT 191423 Power Delivery Associates Inc 2900 Delk Road Marietta GA 30067 POWER LINE CONSTRUCT 396888 MasTec Inc PO BOX 277124 ATLANTA GA 303847124 LINE CONSTRUCTION 1622306 Lewis Tree Service Inc PO BOX 8000 DEPT 886 BUFFALO NY 14267 TREE TRIMMING 1069212 Lee Electrical Const Inc PO Box 55 Aberdeen NC 28315 POWER LINE CONSTRUCT 594995 12 0 SALE OF ELECTRICITY 43032159 43032159 CONTRIBUTIONS IN AID 1501866 1501866 CAPITAL CREDITS RECEIVED 177199 177199 44711224 39429 39429 0 0 22950 103158 22950 103158 126108 22950 103158 359 -359 -359 -359 0 0 0 0 44876402 44734174 142228 52241 0 0 2035929 557105 0 3862268 790821 702917 335861 0 130662 0 0 0 0 0 0 0 0 0 0 0 0 0 2422347 0 3266454 0 Taxes 1472110 Distribution Operation 878423 Distribution Maintenance 1281901 Admin & General 3013883 3013883 24588033 -1412857 43978098 0 0 0 1205776 1241924 0 0 5276902 8118590 0 0 1144565 1030515 1319330 1168093 1954692 1849666 105263692 17462516 83175857 87801176 0 196692 296692 3635955 4211091 0 1044298 1057812 98954067 106775559 3295515 3510246 50288774 53368191 12138517 15804729 65722806 72683166 X 33231261 34092393 33231261 34092393 98954067 106775559 X 898304 -37172 X false true true X true true 809219 809219 3088371 1889971 1198400 101366102 15572545 85793557 87801176 Investment in CFC-CTCs 880489 C Patronage capital - TEMA 496415 C Patronage capital - NCEMC 2416869 C Patronage capital - CFC 417318 C Post retirement benefits 6441083 Other 189941 Economic Development Grant 300000 Deferred credits 3959540 Customer Deposits and Prepayments 1070651 Advances on LOC 3000000 Accrued taxes 20155 Accrued Payroll 764024 Accrued Interest Payable 59335 15804729 44876402 43978098 898304 1140311 1140311 2038615 43980784 43980784 895618 895618 44876402 41942169 41942169 2035929 2035929 43978098 Part XIII, Line 4b Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S patronage div. paid to members' accts. $2035929 Rental income netted against exp account $0 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Contributions in Aid of Construction $1501866 non-cash pat. alloc. not rev. per IRS $-606248 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances non-cash patronage allocations not revenue per gaap $606248 patronage div. paid to members' accts. not expense per gaap $2035929 Cont. in Aid of Construction not revenue per gaap $ -1501866 Other Comprehensive income $ -99458 RETIREMENT OF CAPITAL CREDITS $ -1078025 Tideland Elec Care Tru 25831 HWY 264 East Pantego NC 27860 562118287 3 52241 0 Fair Market Value Charitable and Educational Support 1 0 X true X X X X false false false Jill Lee 101739 48176 14714 164629 Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. FORM 990, PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS PATRONAGE DIVIDENDS PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE-EXISTING OBLIGATION IN TIDELAND 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 INSTRUCTIOONS 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. The total for 2010 was $3,563,074. 990 Part VII Section A During 2011, Cecil O. Smith Jr. was CEO through January, 2011. Jill Lee took over as the interim CEO through June, 2011. Paul G. Spruill was hired as CEO in July, 2011. Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Governing documents and policies are available upon request. Financial data is presented to the members at the annual meeting and is also included in the 990, which is also available upon request. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees CEO compensation is determined by the board of directors after a comparison with surveys, consultants, and other similar organizations. Compensation of other officers and key employees are determined by the CEO after consultation with human resources and reviews of surveys, consultants, and other similar organizations. Form 990, Part VI, Line 12c 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 ahead of each monthly board meeting. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process The CEO and manager of finance review the 990 with the governing board prior to filing with the IRS. Form 990, Part VI, Line 7b Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders The governing body's decisions are ratified by the general membership at the annual membership meeting. Form 990, Part VI, Line 7a Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body Members of the governing board are elected by the membership at the annual membership meeting. Each member receives one vote. Form 990, Part VI, Line 6 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Tideland electric membership corporation is an electric membership corporation that delivers electricity to the members of the cooperative. The members elect the board of directors, which serves as the governing body of the cooperative. Tideland Electric Care Trust Inc 25831 Highway 264 East Pantego NC 27860 562118287 Charitable and educational support to the community NC 3 public charity Tideland EMC true false true false false false false false false false false false false false false false false false true Tideland Electric Care Trust Inc r 22514 FMV Tideland Electric Care Trust Inc b 70388 FMV