SURRY-YADKIN ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- SURRY-YADKIN ELECTRIC MEMBERSHIP CORPORATION (EIN 56-0421795)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-05-26
- IRS object ID
- 201111469349300316
- Schema version
- 2010v3.2
- 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 | 2011-05-26T15:39:26-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
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 | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560421795 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SURRY-YADKIN ELECTRIC MEMBERSHIP CORP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SURR | NameControl |
| Phone | 3363568241 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 305 | AddressLine1 |
| City | DOBSON | City |
| State | NC | State |
| ZIP Code | 270170305 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL S BEASLEY | Name |
| Title | MANAGER | Title |
| Phone | 3363568241 | Phone |
| Date Signed | 2011-05-23 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WILLIAM J SETLIFF | Name |
| Phone | 4347925334 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MICHAEL S BEASLEY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 305 | AddressLine1 |
| City | DOBSON | City |
| State | NC | State |
| ZIP Code | 27017 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 45474701 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | HTTP://WWW.SYEMC.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1940 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 55 | 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 | 42541713 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 45056696 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 140294 | InvestmentIncomePriorYear |
| Investment Income Current Year | 137452 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 297590 | OtherRevenuePriorYear |
| Other Revenue Current Year | 280553 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 42979597 | TotalRevenuePriorYear |
| Total Revenue Current Year | 45474701 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 480757 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 613089 | 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 | 40558568 | OtherExpensePriorYear |
| Other Expenses Current Year | 43390383 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 41039325 | TotalExpensesPriorYear |
| Total Expenses Current Year | 44003472 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1940272 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1471229 | RevenuesLessExpensesCY |
| Total Assets BOY | 80516957 | TotalAssetsBOY |
| Total Assets EOY | 83354767 | TotalAssetsEOY |
| Total Liabilities BOY | 53817356 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 57334215 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 26699601 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 26020552 | 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 | 0 | 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 |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 21 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 55 | 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 |
| Gross Income From Members | 45056696 | GrossIncomeFromMembers |
| Gross Income Other Sources | 346131 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | 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 | 0 | 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 | 0 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIKE BEASLEY- SURRY YADKIN EMC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3363568241 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 510 SOUTH MAIN STREET | AddressLine1 |
| City | DOBSON | City |
| State | NC | State |
| ZIP Code | 27017 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (14 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| GRADY V NICHOLS | ||||||||
| DIRECTOR | 1.00 | X | 9943 | 0 | 0 | |||
| JOHN C BROOKS | ||||||||
| DIRECTOR | 1.00 | X | 5881 | 0 | 0 | |||
| BOBBY S ADAMS | ||||||||
| DIRECTOR | 2.00 | X | 10918 | 0 | 0 | |||
| J AUDREY JOYCE | ||||||||
| TREASURER | 1.00 | X | 9343 | 0 | 0 | X | ||
| WAYNE MCINNIS | ||||||||
| VICE PRESIDENT | 0.50 | X | 154 | 0 | 0 | X | ||
| ALVIN R REID SR | ||||||||
| DIRECTOR | 2.00 | X | 11243 | 0 | 0 | |||
| LEE VON SPEAKS | ||||||||
| PRESIDENT | 4.00 | X | 13393 | 0 | 0 | X | ||
| KAROLINE C OVERBY | ||||||||
| SECRETARY | 3.00 | X | 19807 | 0 | 0 | X | ||
| WILLARD L SWIFT | ||||||||
| DIRECTOR | 2.00 | X | 7798 | 0 | 0 | |||
| BENNY G WILES | ||||||||
| DIRECTOR | 3.00 | X | 14561 | 0 | 0 | |||
| DAVID PENDRY | ||||||||
| DIRECTOR | 2.00 | X | 19632 | 0 | 0 | |||
| MICHAEL S BEASLEY | ||||||||
| MANAGER | 40.00 | 180987 | 0 | 52471 | X | X | X | |
| ROBERT MAXWELL | ||||||||
| SYSTEM ENGINEER | 40.00 | 101850 | 0 | 27491 | X | |||
| HARRY BRINTLE | ||||||||
| APPARATUS TECHNICIAN | 52.00 | 101365 | 0 | 26252 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 506875 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 106214 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | 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 |
|---|---|---|---|---|---|
| CARTER UTILITY TREE SERVICE INC | |||||
| 213 APOLLO DRIVE | MOUNT AIRY | NC | 27030 | RIGHT OF WAY SERVICES | 1419367 |
| PIKE ELECTRIC INC | |||||
| PO BOX 1000 DEPT 517 | MEMPHIS | TN | 38148 | OVERHEAD AND UNDERGROUND DISTRBUTION SYS | 1099510 |
| BELLWETHER MANAGEMENT SOLUTIONS | |||||
| PO BOX 2176 | CORNELIUS | NC | 28031 | METER READING, COLLECTING AND DISCONNECT | 466179 |
| NATIONAL INFORMATION SOLUTIONS COOPERATI | |||||
| PO BOX 86 | MINNEAPOLIS | MN | 55486 | MAIL BILLINGS AND DELIQUENTS, MAINTENANC | 326111 |
| BRINTLE ELECTRIC SERVICE COMPANY | |||||
| PO BOX 188 | DOBSON | NC | 27017 | UNDERGROUND DISTRIBUTION SYSTEM CONSTRUC | 310781 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| ELECTRICITY | 221000 | 43701994 | 43701994 | |
| PATRONAGE ALLOCATIONS | 221000 | 633263 | 633263 | |
| CONTRIBUTIONS IN AID | 221000 | 384350 | 384350 | |
| POLE RENTAL INCOME | 221000 | 337089 | $337,089 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 45056696 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 128613 | TotalRevenueColumn |
| Related Or Exempt Function Income | 128613 | RelatedOrExemptFunctionIncome |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 8839 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 8839 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 8839 | TotalRevenueColumn |
| Related Or Exempt Function Income | 8839 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| DISCOUNTED CAPITAL CRE | 221000 | 207433 | $207,433 |
| INCOME FROM INVESTMENT | 221000 | 73120 | $73,120 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 280553 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 45474701 | TotalRevenueColumn |
| Related Or Exempt Function Income | 44857059 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $617,642 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 613089 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1934178 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2711677 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF POWER | 28573383 |
| DISTRIBUTION MAINTENANC | 3399977 |
| DISTRIBUTION OPERATION | 1882135 |
| CONSUMER ACCOUNTS | 1642248 |
| ADMINISTRATIVE AND GENE | 1506470 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1740315 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44003472 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 849142 | BOY |
| EOY | 936416 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5853387 | BOY |
| EOY | 6433413 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 738916 | BOY |
| EOY | 638938 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 209977 | BOY |
| EOY | 131166 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 93192400 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 22163167 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 69330124 | BOY |
| EOY | 71029233 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3523557 | BOY |
| EOY | 4173747 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11854 | BOY |
| EOY | 11854 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 80516957 | BOY |
| EOY | 83354767 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4705202 | BOY |
| EOY | 4777668 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 41810471 | BOY |
| EOY | 43613348 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7301683 | BOY |
| EOY | 8943199 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53817356 | BOY |
| EOY | 57334215 | 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 | 26699601 | BOY |
| EOY | 26020552 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26699601 | BOY |
| EOY | 26020552 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 80516957 | BOY |
| EOY | 83354767 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1471229 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -2150278 | 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 Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 706865 | OtherCostOrOtherBasis |
| Book Value | 706865 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1871551 | OtherCostOrOtherBasis |
| Depreciation | 898298 | Depreciation |
| Book Value | 973253 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 90613984 | OtherCostOrOtherBasis |
| Depreciation | 21264869 | Depreciation |
| Book Value | 69349115 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 71029233 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| NRUCFC | 1014044 | C |
| PATRONAGE CAPITAL CERTIFICATES | 2806280 | C |
| DIVERSIFIED ENERGY | 332216 | C |
| TSE SERVICES | 21207 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 4173747 | TotalOfBookValueSecurities |
Other Assets OtherAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | INTEREST RECEIVABLE | Description |
| Book Value | 11854 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 11854 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ACCUM PROV FOR RETIREMENT BENEFITS | $6,126,145 |
| CONSUMER DEPOSITS | $1,131,648 |
| DEFERRED CREDIT | $947,468 |
| POWER COST DEFERRAL | $737,938 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 8943199 | TotalOfAmounts |
| Total Revenue | 45474701 | TotalRevenue |
| Total Expenses | 44003472 | TotalExpenses |
| Excess Or Deficit For Year | 1471229 | ExcessOrDeficitForYear |
| Other | -$2,150,278 | OtherAmount |
| Total Adjustments | -2150278 | TotalAdjustments |
| Excess Or Deficit Per FS | -679049 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 45474701 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 45474701 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 45474701 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 44003473 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 44003473 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 44003473 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | SEE ATTACHED SUPPLEMENTAL SCHEDULE. | Explanation |
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 | MICHAEL S BEASLEY | NamePerson |
| Base Compensation Filing Org | 180987 | 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 | 40194 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 12277 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 233458 | 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 (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| 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 MEMBERS IN ACCORDANCE WITH THE BYLAWS OF THE CORPORATION. | |
| FORM 990, PART VI, SECTION B, LINE 11 | ACCOUNTING PERSONNEL REVIEW THE 990 FOR ACCURACY BEFORE FURNISHING IT TO THE MANAGER AND BOARD OF DIRECTORS FOR THEIR APPROVAL. | |
| SALARIES 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 B, LINE 15 | |
| A COPY OF THE BYLAWS ARE PROVIDED TO NEW MEMBERS. A 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. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | RETIREMENT OF CAPITAL CREDITS -1,074,882. CHANGE IN MEMBERSHIPS -1,305. CHANGE IN OTHER EQUITY 594,672. CONTRIBUTIONS IN AID -384,350. ACCUMULATED OTHER COMPREHENSIVE INCOME -1,076,980. DISCOUNTED CAPITAL CREDITS -207,433. TOTAL TO FORM 990, PART XI, LINE 5: -2,150,278. | FORM 990, PART XI, LINE 5: |
| NO CHANGES IN CY |