2011-11-10T07:23:41-08:00 2010-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2010-01-01 560123345 PEE DEE ELECTRIC MEMBERSHIP CORPORATION PEED 7046942114 575 US HIGHWAY 52 SOUTH WADESBORO NC 28170 DONALD H SPIVEY 2011-11-10 G STEVEN GILLIAM CPA 8043231313 2010 2016-02-24 21:20:13Z DONALD H SPIVEY 46231104 false false X www.pdemc.com X 1939 NC Safe and effective DISTRIBUTION OF ELECTRICITY TO the members of PDEMC 11 11 75 486 91771 93319 41800486 42791169 68361 105619 3258731 3240997 45219349 46231104 135135 73400 0 5690873 5561208 0 0 34456245 35265911 40282253 40900519 4937096 5330585 85292882 86153771 54811642 51905086 30481240 34248685 Safe and effective DISTRIBUTION OF ELECTRICITY TO the members of PDEMC false false SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY to the members of PDEMC 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 true false false false false false false false false false false false false false false true 33 0 true 75 true false false false false false false true false false false false 45838512 228220 false false false false X 11 11 false false false false true true true true true false false false true true true true true true true true false false NC X THE CORPORATION 7046942114 575 HWY 52 South WADESBORO NC 28170 WINNIE M BENNETT 2.22 X 3988 0 0 ROBERT C DAVIS jr 1.19 X 3693 0 0 RICHARD V MELTON 4.19 X 6838 0 0 RICHARD JOHNSON 7.51 X X 12059 0 0 Phillip Mabry 40.00 X 93869 0 25164 NEAL D HICKS JR 1.20 X 4341 0 0 MILLARD E RUSSELL 4.63 X X 8339 0 0 MARCIA A LAMBETH 3.46 X 5278 0 0 John M Rhyne 40.00 X 107642 0 26609 Donald H Spivey 40.00 X 173141 0 74270 DONALD A THOMPSON 3.83 X X 6563 0 0 CRAIG RATLIFF 3.88 X 5518 0 0 Benjamin Lybrand 1.73 X 3478 0 0 BENJAMIN MCCALLUM JR 4.91 X 6958 0 0 441705 126043 2 false true false Union Power Cooperative PO Box 5014 Monroe NC 28111 Dispatching Service 107020 Tritech Direct PO Box 13531 Resarch Triangle Par NC 27709 Computer services 107693 Southeastern Data Coop Inc 100 Ashford Center North Atlanta GA 30338 Comp. Software Supp. 301921 Naturchem Inc PO Box 63335 Charlotte NC 28263 Right of Way 121929 LEWIS TREE SERVICE INC 300 LUCIUS GORDON DR WEST HENRIETTA NY 14586 RIGHT OF WAY 448501 5 93319 93319 SALE AND DIST. OF ELECT. 221000 42791169 42791169 42791169 104924 104924 0 0 164372 164372 164372 164372 695 695 695 695 0 0 0 PATRONAGE ALLOC. RECEIVED 221000 51414 51414 Earnings from Eq. Inv. 221000 3000995 3000995 CONTRIB. IN AID OF CONST. 221000 23730 23730 486 486 3076625 46231104 45867308 486 269991 73400 0 0 0 433497 0 3635975 853541 325956 312239 0 61737 0 0 0 0 0 0 0 0 0 0 0 0 0 2141288 0 3067079 0 TAXES 1389217 DISTRIBUTION OPERATION 803276 DISTRIBUTION MAINTENANCE 1465610 Cost of power 26558821 ADMIN. & GENERAL 1480817 -1701934 40900519 0 0 0 6716 17780 3418551 3328878 0 3305246 3120429 0 0 500000 500000 1406176 1202851 1330017 1270252 95080291 24858783 69285086 70221508 0 0 3082222 3612454 0 2958868 2879619 85292882 86153771 2953368 3619687 45392568 41845035 6465706 6440364 54811642 51905086 X 30481240 34248685 30481240 34248685 85292882 86153771 X 5330585 -1563140 X false true true X false false 346723 346723 94733568 24858783 69874785 70221508 OTHER 98959 C CAPITAL TERM CERTIFICATES 781000 C PATRONAGE CAPITAL CERTIFICATES 2725995 C MEMBERSHIP FEES 6500 C Power bill long term 687000 OTHER CURRENT LIABILITIES 769486 INSURANCE RESERVE 23095 Deferred Credits 741702 CONSUMER DEPOSITS 1171608 APBO 3047473 6440364 46231104 40900519 5330585 -1041573 -1041573 4289012 45116131 521620 521620 44594511 1636593 1636593 46231104 40827119 40827119 73400 73400 40900519 Part XIII, Line 4b Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S care to share activity $73400 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S CIAC $23030 Book tax differnce sandhills $1520244 Care to share reclass $93319 Part XII, Line 2d Part XII, Line 2d: Other revenue amounts included in F/S but not included on form 990 Adj. for cash pat. rec. $521620 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances PATRONAGE ADJUSTMENT FOR CASH REC. $521620 Care to share activity $0 CONTRIBUTIONS IN AID OF CONSTRUCTION $ -23030 Book tax difference Sandhills $ -1520244 Care to Share activity $ -19919 OCI adjustment $ -72106 Retirement of Capital Credits - net $ -449461 X 0 0 X X X X X false false false Donald H Spivey 173141 57232 17038 247411 Phillip Mabry Purchase Computer X 2000 1014 false true true 1014 Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Financial data is provided to the membership at the annual meeting and also included on the cooperative's website. In addition, the annual report is provided to the membership in the Coop's monthly magazine. Other governing documents including the form 990 are 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 The Governing body has a compensation committee that reviews the CEO's performance annually and recommends salary changes to the board. As part of this review, the committee considers the recommendations from the outside salary consultant and other statewide comparison data from electric cooperatives throughout the state. The CEO reviews and recommends salary changes for other officers and key employees to the compensation committee for approval based on the recommendation of an outside salary consultant. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Each director, officer and key employee must annually complete and sign a conflict of interest form. Form 990, Part VI, Line 11 Form 990, Part VI, Line 11: Form 990 Review Process The CEO provides a copy of the 990 to the finance committee and governing body prior to filing with the IRS. Form 990, Part VI, Line 7a Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body All members of Pee Dee EMC receive one vote with respect to selecting the governing board of directors. Form 990, Part VI, Line 6 Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Pee Dee 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 is the governing body of the cooperative.