LUMBEE RIVER ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- LUMBEE RIVER ELECTRIC MEMBERSHIP CORPORATION (EIN 56-0305124)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-06-23
- IRS object ID
- 201131749349300603
- 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 | 2011-06-23T08:35:45-05:00 | 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 | 560305124 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LUMBEE RIVER ELECTRIC MEMBERSHIP CORP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LUMB | NameControl |
| Phone | 9108434131 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 605 EAST FOURTH AVENUE | AddressLine1 |
| City | RED SPRINGS | City |
| State | NC | State |
| ZIP Code | 283770830 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DANIEL LOWRY | Name |
| Title | VP OF FINANCE | Title |
| Phone | 9108434131 | Phone |
| Date Signed | 2011-06-22 | 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 | DANIEL LOWRY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 605 EAST FOURTH AVENUE | AddressLine1 |
| City | RED SPRINGS | City |
| State | NC | State |
| ZIP Code | 283770830 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 127373657 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.LUMBEERIVER.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1940 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | SALE OF ELECTRICITY AND SERVICES TO MEMBERS | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 13 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 0 | NbrIndependentVotingMembers |
| Total Nbr Employees | 114 | 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 | 117838790 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 124760375 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 254913 | InvestmentIncomePriorYear |
| Investment Income Current Year | 388078 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 3303398 | OtherRevenuePriorYear |
| Other Revenue Current Year | 2225204 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 121397101 | TotalRevenuePriorYear |
| Total Revenue Current Year | 127373657 | 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 | 1303717 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1440400 | 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 | 108272568 | OtherExpensePriorYear |
| Other Expenses Current Year | 112886507 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 109576285 | TotalExpensesPriorYear |
| Total Expenses Current Year | 114326907 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 11820816 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 13046750 | RevenuesLessExpensesCY |
| Total Assets BOY | 191805770 | TotalAssetsBOY |
| Total Assets EOY | 204630479 | TotalAssetsEOY |
| Total Liabilities BOY | 114998825 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 118418970 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 76806945 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 86211509 | NetAssetsOrFundBalancesEOY |
| Mission Description | SALE OF ELECTRICITY AND SERVICES TO MEMBERS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | SALE OF ELECTRICITY AND SERVICES 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 | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | 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 | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 99 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 114 | 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 | 127239409 | GrossIncomeFromMembers |
| Gross Income Other Sources | 692162 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 13 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 0 | 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 | 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 | 1 | 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 | DANIEL LOWRY-LUMBEE RIVER EMC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9108437932 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 605 EAST FOURTH AVENUE | AddressLine1 |
| City | RED SPRINGS | City |
| State | NC | State |
| ZIP Code | 283770830 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (20 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 | FormerFormer |
|---|---|---|---|---|---|---|---|---|---|
| HERBERT CLARK | |||||||||
| DIRECTOR | 7.30 | X | 18000 | 0 | 5414 | ||||
| LACY CUMMINGS | |||||||||
| DIRECTOR | 3.80 | X | 10620 | 0 | 8675 | ||||
| JAMES HARDIN | |||||||||
| DIRECTOR | 5.80 | X | 14100 | 0 | 8675 | ||||
| WILLIAM HOLLINGSWORTH | |||||||||
| DIRECTOR | 4.80 | X | 12240 | 0 | 5553 | ||||
| MAGGIE HUNT | |||||||||
| DIRECTOR | 4.30 | X | 11760 | 0 | 5430 | ||||
| AMBROSE LOCKLEAR | |||||||||
| DIRECTOR | 6.00 | X | 15180 | 0 | 5482 | ||||
| MADIE R LOCKLEAR | |||||||||
| DIRECTOR | 3.30 | X | 10560 | 0 | 8675 | ||||
| PROCTOR LOCKLEAR | |||||||||
| DIRECTOR | 5.80 | X | 16200 | 0 | 5375 | ||||
| BROUGHTON OXENDINE | |||||||||
| VICE CHAIRMAN | 5.50 | X | 14160 | 0 | 5553 | X | |||
| ROGER OXENDINE | |||||||||
| CHAIRMAN | 2.80 | X | 9060 | 0 | 10624 | X | |||
| RUTH OXENDINE | |||||||||
| SECRETARY | 6.00 | X | 16380 | 0 | 5375 | X | |||
| ROBERT STRICKLAND | |||||||||
| DIRECTOR | 4.50 | X | 12720 | 0 | 5375 | ||||
| WYATT UPCHURCH | |||||||||
| TREASURER | 3.30 | X | 10800 | 0 | 5385 | X | |||
| RANDALL JONES | |||||||||
| PRESIDENT & CEO | 40.00 | 172326 | 0 | 182587 | X | X | |||
| PERRY CUMMINGS | |||||||||
| VP OF E & O/COO | 40.00 | 108338 | 0 | 8266 | X | X | |||
| CARMEN DIETRICH | |||||||||
| VP OF CORPORATE SERVICES | 40.00 | 122479 | 0 | 5752 | X | ||||
| DANIEL LOWRY | |||||||||
| VP OF FINANCE/CFO | 40.00 | 116802 | 0 | 5696 | X | ||||
| JACKIE HARDIN | |||||||||
| MANAGER OF HR | 40.00 | 100164 | 0 | 8796 | X | ||||
| OTIS FLOWERS | |||||||||
| GENERAL FOREMAN | 53.00 | 100806 | 0 | 5510 | X | ||||
| RONNIE E HUNT | |||||||||
| FORMER PRESIDENT/CEO | 0.00 | 236140 | 0 | 9367 | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1128835 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 311565 | TotalOtherCompensation |
| Number Individuals GT100 K | 7 | NumberIndividualsGT100K |
| Formers Listed | 1 | 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 |
|---|---|---|---|---|---|
| EAST COAST ELECTRICAL CONSTRUCTION INC | |||||
| 3688 UNION CHURCH ROAD | PEMBROKE | NC | 28372 | O/H CONTRACTOR | 1348817 |
| MASTEC N AMERICA INC | |||||
| PO BOX 277124 | ATLANTA | GA | 30384 | UNDERGROUND CONTRACTOR | 1107501 |
| LEWIS TREE SERVICE INC | |||||
| PO BOX 8000 | BUFFALO | NY | 14267 | RIGHT OF WAY CONTRACTOR | 1039371 |
| LEE ELECTRICAL CONSTRUCTION | |||||
| PO BOX 55 | ABERDEEN | NC | 28315 | DIRECTION BORING CONTRACTOR | 303251 |
| BILLY BURNS CONSTRUCTION | |||||
| 2311 DEEP BRANCH ROAD | PEMBROKE | NC | 28372 | RIGHT OF WAY CONTRACTOR | 200221 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 9 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| AND SERVICES TO MEMBER | 221000 | 122206613 | 122206613 | |
| PATRONAGE CAPITAL | 900099 | 1740657 | 1740657 | |
| CONTRIBUTION IN AID | 900099 | 650307 | 650307 | |
| POLE RENTAL | 900099 | 162798 | $162,798 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 124760375 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 388078 | TotalRevenueColumn |
| Related Or Exempt Function Income | 388078 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | GAIN IN EQUITY INVESTM | Description |
| Business Code | 900001 | BusinessCode |
| Total Revenue Column | 2225204 | TotalRevenueColumn |
| Related Or Exempt Function Income | 2225204 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 2225204 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 127373657 | TotalRevenueColumn |
| Related Or Exempt Function Income | 127210859 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $162,798 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1440400 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4205577 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6502655 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF POWER | 82412585 |
| ADMINISTRATIVE AND GENE | 5471006 |
| TAXES | 5045939 |
| DISTRIBUTION - MAINTENA | 3689825 |
| CONSUMER ACCOUNTS | 2741180 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2817740 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 114326907 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4008161 | BOY |
| EOY | 7867359 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4845472 | BOY |
| EOY | 8309985 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14722830 | BOY |
| EOY | 15785886 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3562186 | BOY |
| EOY | 3971454 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 436878 | BOY |
| EOY | 582126 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2049774 | BOY |
| EOY | 1882932 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 218639166 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 64907469 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 151248175 | BOY |
| EOY | 153731697 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10918468 | BOY |
| EOY | 12485062 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13826 | BOY |
| EOY | 13978 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 191805770 | BOY |
| EOY | 204630479 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13149573 | BOY |
| EOY | 16182652 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 84774567 | BOY |
| EOY | 86180226 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 17074685 | BOY |
| EOY | 16056092 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 114998825 | BOY |
| EOY | 118418970 | 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 | 76806945 | BOY |
| EOY | 86211509 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 76806945 | BOY |
| EOY | 86211509 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 191805770 | BOY |
| EOY | 204630479 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 13046750 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -3642186 | 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
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 216891423 | InvestmentCostOrOtherBasis |
| Depreciation | 64907469 | Depreciation |
| Book Value | 151983954 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 1747743 | InvestmentCostOrOtherBasis |
| Book Value | 1747743 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 153731697 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (6 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| NATIONAL RURAL UTILITIES CFC | 1759440 | C |
| PATRONAGE CAPITAL CREDITS INVESTMENT IN TEMA AND OTHERS | 1010498 | C |
| SANDHILL UTILITIES | 3536231 | F |
| INVESTMENT IN NCEMC | 5504052 | C |
| DIVERSIFIED ENERGY, LLC | 309903 | F |
| OTHER INVESTMENTS | 364938 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 12485062 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ACCRUED POSTEMPLOYMENT BENEFITS | $9,446,800 |
| CONSUMER DEPOSITS | $3,521,178 |
| DEFERRED CREDITS | $1,034,125 |
| POWER COST DEFERRAL | $2,053,989 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 16056092 | TotalOfAmounts |
| Total Revenue | 127373657 | TotalRevenue |
| Total Expenses | 114326907 | TotalExpenses |
| Excess Or Deficit For Year | 13046750 | ExcessOrDeficitForYear |
| Other | -$3,642,186 | OtherAmount |
| Total Adjustments | -3642186 | TotalAdjustments |
| Excess Or Deficit Per FS | 9404564 | ExcessOrDeficitPerFS |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART XI, LINE 8 - OTHER ADJUSTMENTS: | Identifier |
| Explanation | INCREASE IN OTHER EQUITIES 411,360. INCREASE IN MEMBERSHIPS 13,550. RETIREMENT OF CAPITAL CREDITS -3,247,511. ACCUMULATED OTHER COMPREHENSIVE INCOME -169,278. CONTRIBUTION IN AID OF CONSTRUCTION -650,307. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | 1 | SubstantiationRequired |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RANDALL JONES | |||||||||||||
| 172326 | 0 | 0 | 0 | 0 | 0 | 176705 | 0 | 5882 | 0 | 354913 | 0 | 161687 | 0 |
| PERRY CUMMINGS | |||||||||||||
| RONNIE E HUNT | |||||||||||||
| 236140 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 236140 | 0 | 250352 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | LUMBEE RIVER ELECTRIC MEMBERSHIP CORPORATION SERVED APPROXIMATELY 46,185 MEMBERS AS OF OCTOBER 15, 2009. WE HAVE OVER 56,000 ACCOUNTS OR MEMBERS WITH MULTI-ACCOUNTS, FOR EXAMPLE FARMING OPERATIONS COULD HAVE FIVE TO TEN ACCOUNTS DURING PEAK SEASON. | |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER OF LUMBEE RIVER ELECTRIC MEMBERSHIP CORPORATION IS ENTITLED TO ONE VOTE AT THE ANNUAL BUSINESS MEETING FOR DIRECTORS ELECTION. THERE ARE THIRTEEN DIRECTORS THAT ARE ELECTED EVERY THREE YEARS. | |
| FORM 990, PART VI, SECTION A, LINE 7B | YES, THE MINUTES FROM THE PREVIOUS MEETING AND THE ELECTION OF THE DIRECTORS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 WILL BE REVIEWED BY THE BOARD OF DIRECTORS. THE 990 IS PRESENTED BY THE VICE PRESIDENT OF FINANCE/CFO AND OUR INDEPENDENT AUDITOR, GOODMAN & COMPANY,LLP. | |
| PAGE 6, PART VI, LINE 15A. THE EXECUTIVE COMMITTEE WILL REVIEW THE COMPARABLE DATA (NRECA NATIONAL COMPENSATION SURVEY FOR RURAL ELECTRIC SYSTEMS) AND DETERMINE THE COMPENSATION FOR THE CEO. PAGE 6, PART VI, LINE 15B. THE CPI FOR THE MONTH OF MAY AND THE FINANCIAL STABILITY OF THE CO-OP IS REVIEWED TO ESTABLISH THE COLA PERCENTAGE FOR THE YEAR. ALL MERITS ARE BASED ON AN INDIVIDUALS ANNIAL REVIEW. THE MERIT PERCENTAGES ARE ESTABLISHED FROM A MATRIX SYSTEM BY AN OUTSIDE CONCULTANT. | FORM 990, PART VI, SECTION B, LINE 15 | |
| THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE A PART OF THE BYLAWS WHICH ARE LOCATED AT AL BRANCH OFFICES (5) AND THE MAIN OFFICE OF LUMBEE RIVER EMC. ALL NEW MEMBERS ARE GIVEN A COPY OF THE BYLAWS WHEN THEY APPLY FOR SERVICE. THE FINANCIAL STATEMENTS ARE PUBLISHED IN THE ANNUAL REPORT AND PRESENTED AT THE ANNUAL MEETING IN OCTOBER. THE FINANCIAL INFORMATION IS PRINTED IN THE NOVEMBER ISSUE OF THE CAROLINA COUNTRY AND THE EMPLOYEE NEWSLETTER THAT ARE MAILED TO ALL MEMBERS. THE FINANCIAL INFORMATION IS AVAILABLE ON THE LUMBEE RIVER EMC INTERNET SITE AND CAN BE PRINTED OR DOWNLOADED. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | INCREASE IN OTHER EQUITIES 411,360. INCREASE IN MEMBERSHIPS 13,550. RETIREMENT OF CAPITAL CREDITS -3,247,511. ACCUMULATED OTHER COMPREHENSIVE INCOME -169,278. CONTRIBUTION IN AID OF CONSTRUCTION -650,307. TOTAL TO FORM 990, PART XI, LINE 5: -3,642,186. | FORM 990, PART XI, LINE 5: |
| NO CHANGES IN CY |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTHEASTERN UTILITY DEVELOPMENT | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 864 | AddressLine1 |
| City | RED SPRINGS | City |
| State | NC | State |
| ZIP Code | 28377 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 561999230 | EIN |
| Primary Activity | WIRELESS BROADBAND | PrimaryActivity |
| Legal Domicile State | NC | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LREMC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| 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 | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |