2012-05-01T14:58:25-05:00 2011-12-31 560747981 DIXON HUGHES GOODMAN LLP 110 EXCHANGE STREET SUITE G DANVILLE VA 24541 990 2011-01-01 560227152 FOUR COUNTY ELECTRIC MEMBERSHIP CORP FOUR 9102592171 PO BOX 667 BURGAW NC 284250667 MITCHELL KEEL 9102592171 2012-05-01 1 CATHY LILES P00440600 4347925334 2011 2016-02-24 21:20:13Z MITCHELL KEEL PO BOX 667 BURGAW NC 28425 92675624 0 X WWW.FOURCTY.ORG X 1937 NC SALE & DISTRIBUTION OF ELECTRICITY TO MEMBERS 10 10 101 0 0 0 0 0 88595383 91232683 152750 130866 115211 1312075 88863344 92675624 0 0 0 1193708 1092411 1163291 0 0 0 80297614 83863503 81390025 86220502 7473319 6455122 171960172 172379105 113718415 109992221 58241757 62386884 SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS 0 0 SALE & DISTRIBUTION OF ELECTRICITY TO MEMBERS 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 16 0 1 101 1 0 0 0 0 0 0 0 0 0 90820520 249233 0 X 10 10 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NC X GARY CHITWOOD FOUR COUNTY EMC 9102592171 PO BOX 667 BURGAW NC 28425 BERTICE LANIER 8.00 X 16138 0 0 FRANKLIN WILLIAMS 7.70 X 18405 0 0 RAYMOND BROWN 2.00 X 6318 0 0 RW BLANCHARD JR 4.90 X 12838 0 0 GEORGE HOLLINGSWORTH 4.70 X 12838 0 0 S EUGENE JORDAN 6.20 X 15038 0 0 KENNETH THORNTON 5.10 X 12838 0 0 ARLESTER FULLWOOD 4.60 X 13113 0 0 JOHN MATTHIS 4.40 X 13113 0 0 E CARLTON RAYNOR 9.90 X 4870 0 0 RONALD J ALLEN 5.00 X 13938 0 0 MITCHELL KEEL 40.00 X 232075 0 104142 GARY CHITWOOD 40.00 X 108016 0 57560 ROBERT HARRIS 40.00 X 113653 0 58670 DAN ALLEN 40.00 X 105036 0 80702 CINDY HORRELL 40.00 X 110299 0 53691 808526 0 354765 5 0 1 0 ROWE TREE COMPANY 6640 MALPASS CORNER ROAD CURRIE NC 28435 RIGHT OF WAY CLEARING 819864 BELLWETHER MANAGEMENT PO BOX 2176 CORNELIUS NC 28031 METER READING/CONSULTATION 401720 SUMTER UTILITIES PO BOX 579 SUMTER SC 29151 LINE CONSTRUCTION 388006 LACY F PRIDGEN 2691 MONTAGUE ROAD CURRIE NC 28435 VEHICLE MAINTENANCE 170032 SOUTHEAST WOODLAND SERVICES 431 CAINES LANDING RD CONWAY SC 29526 RIGHT OF WAY CLEARING 164606 7 ELECTRICITY TO MEMBERS 221000 88569155 88569155 PATRONAGE ALLOCATION 221000 1610724 1610724 CONTRIBUTIONS IN AID 221000 970682 970682 POLE RENTAL 221000 82122 82122 91232683 130866 130866 RETIREMENT OF CC 221000 1193708 1193708 DISCOUNT ON CAPITAL CR 221000 115871 115871 OTHER NONOPERATING 221000 2496 2496 1312075 92675624 92462636 0 212988 1193708 808526 304861 49904 4208838 5104118 COST OF POWER 58215574 ADMINISTRATIVE & GENERA 4143219 DISTRIBUTION - MAINTENA 3418515 TAXES OTHER THAN PAYROL 2873734 5899505 86220502 868329 1599170 10388191 1025684 7190443 8196547 2628906 2422958 1155597 1151830 2484198 3280247 187963760 41904924 139789350 146058836 7455158 8643833 171960172 172379105 9974693 9555200 95694823 91400817 8048899 9036204 113718415 109992221 X 0 0 0 0 58241757 62386884 58241757 62386884 171960172 172379105 X 6455122 -2309995 X X 0 1 1 X 0 5005500 5005500 4969405 2701502 2267903 177988855 39203422 138785433 146058836 NRUCFC CERTIFICATES 1455801 C PATRONAGE CAPITAL CERTIFICATES 6838680 C MEMBERSHIPS 17296 C DIVERSIFIED ENERGY LLC 1000 C SPECIAL FUNDS 83759 C COBANK 236690 C GREENCO 10607 C 8643833 ACCUM PROV FOR POSTRETIREMENT BENEFITS 6664661 CONSUMER DEPOSITS 1929877 DEFERRED CREDITS 441666 9036204 92675624 86220502 6455122 -2309995 -2309995 4145127 92675624 0 92675624 0 92675624 86220502 0 86220502 0 86220502 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 AND 2010. PART XI, LINE 8 - OTHER ADJUSTMENTS: CONTRIBUTIONS IN AID OF CONSTRUCTION -970,682. INCREASE IN OTHER EQUITIES -29,734. DISCOUNTED CAPITAL CREDITS -115,871. RETIREMENT OF CAPITAL CREDITS -1,193,708. TOTAL TO SCHEDULE D, PART XI, LINE 8: -2,309,995. SEE ATTACHED SUPPLEMENTAL SCHEDULE. X X 0 0 0 MITCHELL KEEL 232075 0 0 0 0 0 90824 0 13318 0 336217 0 0 0 GARY CHITWOOD 108016 0 0 0 0 0 45451 0 12109 0 165576 0 0 0 ROBERT HARRIS 113653 0 0 0 0 0 52421 0 6249 0 172323 0 0 0 DAN ALLEN 105036 0 0 0 0 0 68640 0 12062 0 185738 0 0 0 CINDY HORRELL 110299 0 0 0 0 0 47525 0 6166 0 163990 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION OPERATES AS A COOPERATIVE. MEMBERSHIP IS COMPRISED OF THOSE INDIVIDUALS AND BUSINESSES THAT USE THE ORGANIZATION'S SERVICES. THERE ARE NO CLASSES OF MEMBERSHIP. EACH MEMBER HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B ACTIVE MEMBERS MUST APPROVE OF THE DISPOSAL OF A SIGNIFICANT PERCENTAGE OF THE ORGANIZATION'S ASSETS. FORM 990, PART VI, SECTION B, LINE 11 ACCOUNTING PERSONNEL REVIEW THE 990 FOR ACCURACY BEFORE FURNISHING IT TO THE CHIEF EXECUTIVE OFFICER AND THE BOARD OF DIRECTORS FOR THEIR APPROVAL. 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 AT EACH OFFICE LOCATION AND A COPY CAN BE REQUESTED FROM A SUPERVISOR. EMPLOYEES ARE NOTIFIED ONCE A YEAR ABOUT THE POLICY. EMPLOYEES ARE EXPECTED TO COOPERATE IN INTERNAL INVESTIGATIONS OF MISCONDUCT. DIRECTORS ARE SIMILARY ENCOURAGED TO DISCUSS SUCH ISSUES WITH FELLOW DIRECTORS OR WITH THE PRESIDENT OF THE BOARD. DIRECTORS SIGN A QUESTIONNAIRE THAT ASKS ABOUT POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION PERIODICALLY USES THE SERVICES OF A CONSULTING SERVICE WHICH COMPARES THE ORGANIZATION'S COMPENSATION WITH THAT OF SIMILAR ORGANIZATIONS. SALARIES OF MANAGEMENT PERSONNEL ARE REVIEWED BY THE BOARD OF DIRECTORS, AND FILES ARE MAINTAINED FOR THE REVIEW PROCESS BY WHICH MERIT RAISES ARE GRANTED. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE BYLAWS ARE PROVIDED TO NEW MEMBERS. A CONDENSED FINANCIAL STATEMENT IS PROVIDED TO THE MEMBERS AS A PART OF THE ORGANIZATION'S ANNUAL REPORT. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S HEADQUARTERS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: CONTRIBUTIONS IN AID OF CONSTRUCTION -970,682. INCREASE IN OTHER EQUITIES -29,734. DISCOUNTED CAPITAL CREDITS -115,871. RETIREMENT OF CAPITAL CREDITS -1,193,708. TOTAL TO FORM 990, PART XI, LINE 5: -2,309,995. NO CHANGES NOTED IN CURRENT YEAR. FOUR COUNTY SERVICE PLUS INC PO BOX 667 BURGAW NC 28425 562013986 INTERNET SERVICE NC N/A C 2496 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0