2011-06-23T08:35:45-05:00 2010-12-31 DIXON HUGHES GOODMAN LLP 110 EXCHANGE STREET SUITE G DANVILLE VA 24541 990 2010-01-01 560305124 LUMBEE RIVER ELECTRIC MEMBERSHIP CORP LUMB 9108434131 605 EAST FOURTH AVENUE RED SPRINGS NC 283770830 DANIEL LOWRY 9108434131 2011-06-22 1 WILLIAM J SETLIFF 4347925334 2010 2016-02-24 21:20:13Z DANIEL LOWRY 605 EAST FOURTH AVENUE RED SPRINGS NC 283770830 127373657 0 X WWW.LUMBEERIVER.COM X 1940 NC SALE OF ELECTRICITY AND SERVICES TO MEMBERS 13 0 114 0 0 0 0 0 117838790 124760375 254913 388078 3303398 2225204 121397101 127373657 0 0 0 0 1303717 1440400 0 0 0 108272568 112886507 109576285 114326907 11820816 13046750 191805770 204630479 114998825 118418970 76806945 86211509 SALE OF ELECTRICITY AND SERVICES TO MEMBERS. 0 0 SALE OF ELECTRICITY AND SERVICES TO MEMBERS 0 0 0 0 0 0 0 0 1 0 1 0 1 0 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 0 0 0 1 99 0 1 114 1 0 0 0 0 0 0 0 127239409 692162 0 X 13 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 1 0 X DANIEL LOWRY-LUMBEE RIVER EMC 9108437932 605 EAST FOURTH AVENUE RED SPRINGS NC 283770830 HERBERT CLARK 7.30 X 18000 0 5414 LACY CUMMINGS 3.80 X 10620 0 8675 JAMES HARDIN 5.80 X 14100 0 8675 WILLIAM HOLLINGSWORTH 4.80 X 12240 0 5553 MAGGIE HUNT 4.30 X 11760 0 5430 AMBROSE LOCKLEAR 6.00 X 15180 0 5482 MADIE R LOCKLEAR 3.30 X 10560 0 8675 PROCTOR LOCKLEAR 5.80 X 16200 0 5375 BROUGHTON OXENDINE 5.50 X X 14160 0 5553 ROGER OXENDINE 2.80 X X 9060 0 10624 RUTH OXENDINE 6.00 X X 16380 0 5375 ROBERT STRICKLAND 4.50 X 12720 0 5375 WYATT UPCHURCH 3.30 X X 10800 0 5385 RANDALL JONES 40.00 X X 172326 0 182587 PERRY CUMMINGS 40.00 X X 108338 0 8266 CARMEN DIETRICH 40.00 X 122479 0 5752 DANIEL LOWRY 40.00 X 116802 0 5696 JACKIE HARDIN 40.00 X 100164 0 8796 OTIS FLOWERS 53.00 X 100806 0 5510 RONNIE E HUNT 0.00 X 236140 0 9367 1128835 0 311565 7 1 1 0 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 9 AND SERVICES TO MEMBER 221000 122206613 122206613 PATRONAGE CAPITAL 900099 1740657 1740657 CONTRIBUTION IN AID 900099 650307 650307 POLE RENTAL 900099 162798 162798 124760375 388078 388078 GAIN IN EQUITY INVESTM 900001 2225204 2225204 2225204 127373657 127210859 0 162798 1440400 4205577 6502655 COST OF POWER 82412585 ADMINISTRATIVE AND GENE 5471006 TAXES 5045939 DISTRIBUTION - MAINTENA 3689825 CONSUMER ACCOUNTS 2741180 2817740 114326907 4008161 7867359 4845472 8309985 14722830 15785886 3562186 3971454 436878 582126 2049774 1882932 218639166 64907469 151248175 153731697 10918468 12485062 13826 13978 191805770 204630479 13149573 16182652 84774567 86180226 17074685 16056092 114998825 118418970 X 0 0 0 0 76806945 86211509 76806945 86211509 191805770 204630479 X 13046750 -3642186 X X 0 1 1 X 0 216891423 64907469 151983954 1747743 1747743 153731697 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 12485062 ACCRUED POSTEMPLOYMENT BENEFITS 9446800 CONSUMER DEPOSITS 3521178 DEFERRED CREDITS 1034125 POWER COST DEFERRAL 2053989 16056092 127373657 114326907 13046750 -3642186 -3642186 9404564 PART XI, LINE 8 - OTHER ADJUSTMENTS: 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. 1 X X X 1 0 0 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 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. FORM 990, PART VI, SECTION B, LINE 15 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 C, LINE 19 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: 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. NO CHANGES IN CY SOUTHEASTERN UTILITY DEVELOPMENT PO BOX 864 RED SPRINGS NC 28377 561999230 WIRELESS BROADBAND NC LREMC C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0