SANTEE ELECTRIC COOPERATIVE INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: SANTEE ELECTRIC COOPERATIVE INC (EIN 57-0240935)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-04-29
IRS object ID: 202421209349300227
Schema version: 2023v5.0
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
Form 990
Schedule C
Schedule D
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-04-29T10:24:53-04:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	581094351	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	POST OFFICE BOX ONE	AddressLine1Txt
City	MACON	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	312020001	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	570240935	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SANTEE ELECTRIC COOPERATIVE INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	SANT	BusinessNameControlTxt
Phone	8433556187	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 548	AddressLine1Txt
City	KINGSTREE	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29556	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	BILLY L MORRIS JR	PersonNm
Person Title	CHAIRMAN	PersonTitleTxt
Phone	8433550690	PhoneNum
Signature	2024-04-15	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	BILLY	PersonFirstNm
Person Last	MORRIS	PersonLastNm

Field	Value	IRS element (for citing)
SSN	XXX-XX-XXXX	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	false	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	WILLIAM R ROUNTREE	PreparerPersonNm
PTIN	P01231836	PTIN
Phone	4787466277	PhoneNum
Preparation	2024-04-29	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	BILLY L MORRIS JR	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 548	AddressLine1Txt
City	KINGSTREE	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29556	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$133,042,151	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.SANTEE.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1939	FormationYr
Legal Domicile State	SC	LegalDomicileStateCd
Activity Or Mission	TO PROVIDE QUALITY SERVICE AND PRODUCTS TO MEET THE ENERGY NEEDS OF OUR MEMBERS AT A COMPETITIVE PRICE CONSISTENT WITH SOUND BUSINESS PRACTICES, WHILE ENHANCING THE QUALITY OF LIFE IN OUR SERVICE AREA THROUGH THE SUPPORT OF ECONOMIC, CIVIC AND EDUCATIONAL OPPORTUNITIES.	ActivityOrMissionDesc
Voting Members Governing Body	8	VotingMembersGoverningBodyCnt
Voting Members Independent	8	VotingMembersIndependentCnt
Total Employee	119	TotalEmployeeCnt
Total Gross UBI	$0	TotalGrossUBIAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$136,520,455	PYProgramServiceRevenueAmt
CY Program Service Revenue	$128,460,225	CYProgramServiceRevenueAmt
PY Investment Income	$429,771	PYInvestmentIncomeAmt
CY Investment Income	$242,840	CYInvestmentIncomeAmt
PY Other Revenue	$76,067	PYOtherRevenueAmt
CY Other Revenue	$4,339,086	CYOtherRevenueAmt
PY Total Revenue	$137,026,293	PYTotalRevenueAmt
CY Total Revenue	$133,042,151	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$5,467,553	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$5,202,677	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$18,834,289	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$19,202,036	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$112,724,451	PYOtherExpensesAmt
CY Other Expenses	$108,637,438	CYOtherExpensesAmt
PY Total Expenses	$137,026,293	PYTotalExpensesAmt
CY Total Expenses	$133,042,151	CYTotalExpensesAmt
CY Revenues Less Expenses	$0	CYRevenuesLessExpensesAmt
Total Assets BOY	$268,330,133	TotalAssetsBOYAmt
Total Assets EOY	$280,951,194	TotalAssetsEOYAmt
Total Liabilities BOY	$172,905,216	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$180,419,772	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$95,424,917	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$100,531,422	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	TO PROVIDE QUALITY SERVICE AND PRODUCTS TO MEET THE ENERGY NEEDS OF OUR MEMBERS AT A COMPETITIVE PRICE CONSISTENT WITH SOUND BUSINESS PRACTICES, WHILE ENHANCING THE QUALITY OF LIFE IN OUR SERVICE AREA THROUGH THE SUPPORT OF ECONOMIC, CIVIC AND EDUCATIONAL OPPORTUNITIES.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$133,042,151	ExpenseAmt
Desc	TO PROVIDE SAFE AND RELIABLE ELECTRICITY TO ALL WHO DESIRE IT WITHIN THE COUNTIES WE SERVE.	Desc
Total Program Service Expenses	$133,042,151	TotalProgramServiceExpensesAmt
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	Yes (true)	PoliticalCampaignActyInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	Yes (true)	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	Yes (true)	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	104	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	119	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Members And Shr Gross Income	$130,490,065	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$477,358	OtherSourcesGrossIncomeAmt
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	8	GoverningBodyVotingMembersCnt
Independent Voting Member	8	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (true)	MembersOrStockholdersInd
Election Of Board Members	Yes (true)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (true)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	SC	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	JAMES R COOPER CFO	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8433556187	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 548	AddressLine1Txt
City	KNGSTREE	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29556	ZIPCd

Field	Value	IRS element (for citing)
Info In Schedule O Part VII	Yes (X)	InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
BILLY L MORRIS JR
CHAIRMAN	8.00	Yes (X)	Yes (X)	$44,428	$0	$0
ALLEN NESMITH
VICE CHAIRMA	8.00	Yes (X)	Yes (X)	$23,463	$0	$0
WILLIAM FLOYD
SECOND VICE	8.00	Yes (X)	Yes (X)	$18,868	$0	$0
DONALD E COKER
SEC-TREAS	8.00	Yes (X)	Yes (X)	$37,671	$0	$0
ANDY D MCKNIGHT
ASST. SEC-TR	8.00	Yes (X)		$36,781	$0	$0
WALTER SANDERS
TRUSTEE	8.00	Yes (X)		$21,531	$0	$0
DUDLEY MUSIER
TRUSTEE	8.00	Yes (X)		$22,534	$0	$0
HARRY WALTERS
TRUSTEE	6.00	Yes (X)		$12,863	$0	$0
STANLEY PASLEY
TRUSTEE	8.00	Yes (X)		$29,086	$0	$0
ROBERT ARDIS III
PRESIDENT &	50.00		Yes (X)	$379,264	$0	$194,501
ROBERT F HIGBE III
VP-ENGINEERI	50.00			$203,743	$0	$109,067	Yes (X)
JAMES R COOPER
VICE PRESIDE	50.00			$183,931	$0	$111,466	Yes (X)
RONALD A JOHNSON
VP-OPERATION	50.00			$171,788	$0	$107,052	Yes (X)
JAMES KIRBY
VP-PUBLIC AF	42.00			$153,437	$0	$33,038	Yes (X)
JOHN MATTHEWS
LINE CREW SU	55.00			$151,325	$0	$77,200	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,490,713	TotalReportableCompFromOrgAmt
Total Other Compensation	$632,324	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	35	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
CEE-US
PO BOX 3269	WEST COLUMBIA	SC	291713269	MATERIALS	$8,036,178
MCCALL THOMAS ENGINEERING
DRAWER 670	ORANGEBURG	SC	29116	ENGINEERING	$323,774
FVS LLC
817 PHILLIPS ROAD	WALTERBORO	SC	29488	FORESTRY	$278,915
KW SAVINGS CO
808 KNOX ABBOTT DRIVE	CAYCE	SC	29033	UTILITIES	$188,575
WINDING CHEVROLET BUICK GMC
153 N WILLIAMSBURG CO HWY	KINGSTREE	SC	29556	VEHICLES	$166,877

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	7	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt
ELECTRIC REVENUE	221000	$126,295,146	$126,295,146
POLE RENTAL	221000	$891,634		$891,634
G & T CAPITAL CREDITS	221000	$718,668	$718,668
OTHER CAPITAL CREDITS	221000	$554,777	$554,777

Field	Value	IRS element (for citing)
Total Program Service Revenue	$128,460,225	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$242,840	TotalRevenueColumnAmt
Exclusion	$242,840	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
EQUITY EARNINGS IN SUBSIDIARY	$4,194,919	$4,194,919
OTHER	$144,167	$144,167

Field	Value	IRS element (for citing)
Other Revenue Total	$4,339,086	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$133,042,151	TotalRevenueColumnAmt
Related Or Exempt Func Income	$131,907,677	RelatedOrExemptFuncIncomeAmt
Exclusion	$1,134,474	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$5,202,677	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$820,990	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$9,534,562	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$2,992,030	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$5,129,746	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$724,708	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$74,994	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$57,976	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$395,278	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$329,035	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$251,863	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$755,589	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$52,770	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$211,079	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$4,174,669	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$8,757,273	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$509,816	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
PURCHASED POWER	$84,873,228
DISTRIBUTION MAINTENANCE	$6,096,379
DISTRIBUTION OPERATIONS	$6,088,104
CONSUMER ACCOUNTS	$1,455,100

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	-$5,445,715	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$133,042,151	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$5,294,131	BOYAmt
EOY	$22,042,353	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$16,000,000	BOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$13,086,030	BOYAmt
EOY	$14,990,696	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$2,014,246	BOYAmt
EOY	$1,921,847	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$3,431,487	BOYAmt
EOY	$4,192,102	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$420,757	BOYAmt
EOY	$265,111	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$292,128,313	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$85,392,876	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$204,828,314	BOYAmt
EOY	$206,735,437	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$13,812,592	BOYAmt
EOY	$18,503,851	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$9,442,576	BOYAmt
EOY	$12,299,797	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$268,330,133	BOYAmt
EOY	$280,951,194	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$17,824,224	BOYAmt
EOY	$14,839,344	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$145,767,993	BOYAmt
EOY	$155,287,805	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$9,312,999	BOYAmt
EOY	$10,292,623	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$172,905,216	BOYAmt
EOY	$180,419,772	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$187,255	BOYAmt
EOY	$188,110	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$95,237,662	BOYAmt
EOY	$100,343,312	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$95,424,917	BOYAmt
EOY	$100,531,422	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$268,330,133	BOYAmt
EOY	$280,951,194	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$0	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$5,106,505	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Political Expenditures	$500	PoliticalExpendituresAmt
Expended527 Activities	$500	Expended527ActivitiesAmt
Total Exempt Function Expend	$500	TotalExemptFunctionExpendAmt
Form1120 POL Filed	Yes (true)	Form1120POLFiledInd

Section527 Political Org Section527PoliticalOrgGrp

Organization Business Name OrganizationBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FAWN FOR DISTRICT 64	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	424 SUMTER HIGHWAY	AddressLine1Txt
City	KINGSTREE	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29556	ZIPCd

Field	Value	IRS element (for citing)
EIN	247779572	EIN
Paid Internal Funds	$500	PaidInternalFundsAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$1,891,466	OtherCostOrOtherBasisAmt
Book Value	$1,891,466	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$16,103,847	OtherCostOrOtherBasisAmt
Depreciation	$5,222,549	DepreciationAmt
Book Value	$10,881,298	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$274,133,000	OtherCostOrOtherBasisAmt
Depreciation	$80,170,327	DepreciationAmt
Book Value	$193,962,673	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$206,735,437	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
PATRONAGE CAPITAL FROM ASSOC.	$14,308,932	C
INVESTMENT IN SUBSIDIARY	$4,194,919	C

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$18,503,851	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
REGULATORY LIABILITES - ASC 980	$7,418,674
CONSUMER DEPOSITS	$1,885,943
DEFERRED CREDITS	$988,006

Field	Value	IRS element (for citing)
Total Liability	$10,292,623	TotalLiabilityAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE D, PAGE 4, PART XIII	FormAndLineReferenceDesc
Explanation	THE COOPERATIVE'S FISCAL YEAR END IS JUNE 30TH. THE COOPERATIVE'S FINANCIAL STATEMENTS WERE AUDITED AS OF JUNE 30, 2023 AND 2022. THE COOPERATIVE RECEIVED AN UNMODIFIED (CLEAN) AUDIT OPINION FOR EACH OF THE YEARS ENDED JUNE 30, 2023 AND 2022.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt
ROBERT ARDIS III
PRESIDENT & CEO	$352,778	$1,220	$25,266	$162,915	$31,586	$573,765
ROBERT F HIGBE III
VP-ENGINEERING	$189,495	$1,205	$13,043	$79,096	$29,971	$312,810
JAMES R COOPER
VICE PRESIDENT & CFO	$179,671	$1,254	$3,006	$80,221	$31,245	$295,397
RONALD A JOHNSON
VP-OPERATIONS	$158,010	$1,321	$12,457	$76,214	$30,838	$278,840
JAMES KIRBY
VP-PUBLIC AFFAIRS	$146,417	$1,321	$5,699	$3,067	$29,971	$186,475
JOHN MATTHEWS
LINE CREW SUPERINT.	$142,394	$1,321	$7,610	$46,628	$30,572	$228,525

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE J, PART III	FormAndLineReferenceDesc
Explanation	SOUTH CAROLINA STATE LAW ( 33-49-615) REQUIRES SOUTH CAROLINA ELECTRIC COOPERATIVES TO MAKE SPECIFIC COMPENSATION DISCLOSURES AVAILABLE TO THE PUBLIC. THESE DISCLOSURES ARE IN EXCESS OF THE COMPENSATION DISCLOSURES REQUIRED BY FORM 990. IN CONJUNCTION WITH THE COMPENSATION INFORMATION REQUIRED BY FORM 990, THE COOPERATIVE HAS OPTED TO PROVIDE THE ADDITIONAL DETAIL REQUIRED BY STATE LAW AS AN ATTACHMENT TO THIS RETURN.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (13 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSION	TO PROVIDE QUALITY SERVICE AND PRODUCTS TO MEET THE ENERGY NEEDS OF OUR MEMBERS AT A COMPETITIVE PRICE CONSISTENT WITH SOUND BUSINESS PRACTICES, WHILE ENHANCING THE QUALITY OF LIFE IN OUR SERVICE AREA THROUGH THE SUPPORT OF ECONOMIC, CIVIC AND EDUCATIONAL OPPORTUNITIES.
FORM 990, PART VI	DISCLOSURE REQUIREMENT: TRUSTEES ARE REQUIRED TO DISCLOSE ANY GOODS/SERVICES PROVIDED BY ANY COMPANY (OF WHICH THE COOPERATIVE IS NOT AN OWNER AND/OR A MEMBER) THAT HAS/DESIRES A BUSINESS RELATIONSHIP WITH THE COOPERATIVE. THE TRUSTEES WERE ASKED TO DISCLOSE ANY SUCH ITEMS AT OUR JANUARY 25, 2024 BOARD MEETING, AND NO KNOWN CASES WERE REPORTED.
FORM 990, PAGE 6, PART VI, LINE 6	THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN.
FORM 990, PAGE 6, PART VI, LINE 7A	THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN.
FORM 990, PAGE 6, PART VI, LINE 7B	CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN.
FORM 990, PAGE 6, PART VI, LINE 11B	FORM 990 IS REVIEWED BY THE BOARD WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM.
FORM 990, PAGE 6, PART VI, LINE 12C	THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN.
FORM 990, PAGE 6, PART VI, LINE 15A	THE MARKET RANGE FOR THE TOP OFFICIAL IS DETERMINED LIKE ALL OF THE OTHER EMPLOYEES - BASED ON SALARY STATISTICS FOR THE COOPERATIVES THROUGHOUT THE STATE. THE NATIONAL TRADE ASSOCIATION, NRECA, COLLECTS THE DATA AND MAKES IT AVAILABLE TO THOSE WILLING TO PAY A SMALL FEE FOR THE ANNUAL REPORT. USING THAT REPORT OF DATA, SANTEE DETERMINES WHAT THE AVERAGE PAY IN SOUTH CAROLINA IS FOR ANY COMMON POSITION, INCLUDING IT'S TOP OFFICER. THE DATA CAN BE BROKEN DOWN THREE DIFFERENT WAYS BY COOPERATIVE SIZE AND IT CAN ALSO BE STUDIED FOR THE ENTIRE GROUP OF 20 COOPERATIVES IN SOUTH CAROLINA. ONCE THE MARKET RANGE IS DETERMINED, THEN THE EMPLOYEE IS MEASURED AGAINST HIS/HER POSITION DESCRIPTION TO DETERMINE WHERE HE/SHE SHOULD BE IN RELATION TO THE APPROPRIATE MARKET VALUE. THESE RAISES ARE LIMITED BY THE COLLECTIVE AMOUNT THAT THE BOARD APPROVES FOR RAISES WHEN THEY APPROVE THE BUDGET EACH YEAR. THIS RAISE BUDGET AMOUNT IS DETERMINED BY THE COOPERATIVE'S PERFORMANCE IN THREE CAREGORIES - BOTTOM LINE, SAFETY, AND POWER RELIABILITY. THE BOARD ALSO PROVIDES AN ANNUAL COST OF LIVING ADJUSTMENT TO BE ADDED TO THE PERFORMANCE ADJUSTMENT.
FORM 990, PAGE 6, PART VI, LINE 15B	THE MARKET RANGE FOR OFFICERS AND KEY EMPLOYEES IS DETERMINED IN THE SAME MANNER AS ALL OTHER COOPERATIVE EMPLOYEES - BASED ON SALARY STATISTICS FOR THE COOPERATIVES THROUGHOUT THE STATE OF SOUTH CAROLINA. THE NATIONAL TRADE ASSOCIATION, NRECA, COLLECTS THE DATA AND MAKES IT AVAILABLE TO THOSE WILLING TO PAY A SMALL FEE FOR THE ANNUAL REPORT. USING THE DATA FROM THAT REPORT, SANTEE DETERMINES WHAT THE AVERAGE PAY IN SOUTH CAROLINA IS FOR ANY COMMON POSITION, INCLUDING OFFICERS OR KEY EMPLOYEES. THE NRECA DATA CAN BE BROKEN DOWN INTO MULTIPLE WAYS BY COOPERATIVE SIZE AND IT CAN ALSO BE ANALYZED FOR THE ENTIRE GROUP OF 20 COOPERATIVES IN SOUTH CAROLINA. ONCE THE MARKET RANGE IS DETERMINED, THEN THE EMPLOYEE IS MEASURED AGAINST HIS/HER POSITION DESCRIPTION TO DETERMINE WHERE HE/SHE SHOULD BE IN RELATION TO THE APPROPRIATE MARKET VALUE. THESE RAISES ARE LIMITED BY THE COLLECTIVE AMOUNT THAT THE BOARD APPROVES FOR RAISES WHEN THEY APPROVE THE ANNUAL BUDGET. THE RAISE BUDGET AMOUNT IS DETERMINED BY THE COOPERATIVE'S PERFORMANCE IN THREE CAREGORIES - BOTTOM LINE, SAFETY, AND POWER RELIABILITY. THE BOARD ALSO PROVIDES AN ANNUAL COST OF LIVING ADJUSTMENT TO BE ADDED TO THE PERFORMANCE ADJUSTMENT.
FORM 990, PAGE 6, PART VI, LINE 19	THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18. THE COOPERATIVE'S BYLAWS ARE MADE AVAILABLE TO THE PUBLIC ON IT'S WEBSITE.
FORM 990, PART VII	THE COOPERATIVE HAS 9 BOARD SEATS, BUT REPORTED 8 ACTIVE TRUSTEES ON FORM 990 PART I AS OF DECEMBER 31, 2023. STANLEY PASLEY VACATED HIS SEAT ON THE BOARD EFFECTIVE DECEMBER 21, 2023. THE FORM 990 REQUIRES ALL DIRECTORS THAT SERVED DURING THE YEAR TO BE REPORTED ON THE FORM 990 IN PART VII. AS A RESULT, 9 DIRECTORS ARE REPORTED AS RECEIVING COMPENSATION IN PART VII. THE DAILY PER DIEM AMOUNT OF 500 PLACES SANTEE ELECTRIC WITHIN RANGE OF THE AVERAGE FOR OUR STATE AND REGION. WHILE THIS IS NOT CONSIDERED TRADITIONAL COMPENSATION, THE PER DIEM REIMBURSEMENT DOES SERVE TWO VERY IMPORTANT PURPOSES. (1) IT SERVES AS A REMINDER AND AN AGREEMENT THAT THE TRUSTEE OWES A FIDUCIARY DUTY TO THE COOPERATIVE THEY HAVE AGREED TO SERVE. (2) FURTHERMORE, BECAUSE OF THE QUALIFICATIONS REQUIRED TO SERVE ON THE BOARD OF SEC - WITH ANNUAL REVENUES AND TOTAL ASSETS WELL IN EXCESS OF 100M/YEAR AND 270M, RESPECTIVELY - THE MEMBERS OF OUR BOARD QUITE OFTEN HAVE A WIDE RANGE OF RESPONSIBILITIES OUTSIDE OF THEIR BOARD SERVICE. PER DIEM IS A METHOD OF REIMBURSING THEM FOR THE TIME THEY DEDICATE TO THIS SERVICE AND FOR THE EXPERTISE THEY BRING TO THE TABLE. BOARD COMPENSATION IS COMPOSED OF THE FOLLOWING: BILLY L. MORRIS, JR.: REGULAR BOARD MEETING - 6,000 SPECIAL BOARD AND COMMITTEE MEETINGS - 4,000 COOPERATIVE SERVICE ORGANIZATION MEETINGS - 6,000 TRAINING AND CERTIFICATION - 3,500 INSURANCE - 24,556 OTHER FRINGE BENEFITS - 372 TOTAL 1099 COMPENSATION - 44,428 TRAVEL EXPENSE AND REGISTRATION FEES (PAID & REIMBURSED) - 12,543 TOTAL - 56,971 ANDY D. MCKNIGHT: REGULAR BOARD MEETING - 6,000 SPECIAL BOARD AND COMMITTEE MEETINGS - 3,500 COOPERATIVE SERVICE ORGANIZATION MEETINGS - 5,500 TRAINING AND CERTIFICATION - 7,500 INSURANCE - 13,680 OTHER FRINGE BENEFITS - 601 TOTAL 1099 COMPENSATION - 36,781 TRAVEL EXPENSE AND REGISTRATION FEES (PAID & REIMBURSED) - 10,362 TOTAL - 47,143 STANLEY PASLEY: REGULAR BOARD MEETING - 4,000 SPECIAL BOARD AND COMMITTEE MEETINGS - -0- COOPERATIVE SERVICE ORGANIZATION MEETINGS - -0- TRAINING AND CERTIFICATION - -0- INSURANCE - 25,086 OTHER FRINGE BENEFITS - -0- TOTAL 1099 COMPENSATION - 29,086 TRAVEL EXPENSE AND REGISTRATION FEES (PAID & REIMBURSED) - 1,018 TOTAL - 30,104 DONALD E. COKER: REGULAR BOARD MEETING - 6,000 SPECIAL BOARD AND COMMITTEE MEETINGS - 4,000 COOPERATIVE SERVICE ORGANIZATION MEETINGS - 10,000 TRAINING AND CERTIFICATION - 2,000 INSURANCE - 13,808 OTHER FRINGE BENEFITS - 1,863 TOTAL 1099 COMPENSATION - 37,671 TRAVEL EXPENSE AND REGISTRATION FEES (PAID & REIMBURSED) - 14,320 TOTAL - 51,991 WALTER SANDERS: REGULAR BOARD MEETING - 6,000 SPECIAL BOARD AND COMMITTEE MEETINGS - 3,500 COOPERATIVE SERVICE ORGANIZATION MEETINGS - 7,000 TRAINING AND CERTIFICATION - 4,500 INSURANCE - -0- OTHER FRINGE BENEFITS - 531 TOTAL 1099 COMPENSATION - 21,531 TRAVEL EXPENSE AND REGISTRATION FEES (PAID & REIMBURSED) - 12,462 TOTAL - 33,993 ALLEN NESMITH: REGULAR BOARD MEETING - 6,000 SPECIAL BOARD AND COMMITTEE MEETINGS - 4,000 COOPERATIVE SERVICE ORGANIZATION MEETINGS - 9,000 TRAINING AND CERTIFICATION - 4,000 INSURANCE - -0- OTHER FRINGE BENEFITS - 463 TOTAL 1099 COMPENSATION - 23,463 TRAVEL EXPENSE AND REGISTRATION FEES (PAID & REIMBURSED) - 11,616 TOTAL - 35,079 HARRY WALTERS: REGULAR BOARD MEETING - 5,500 SPECIAL BOARD AND COMMITTEE MEETINGS - 3,500 COOPERATIVE SERVICE ORGANIZATION MEETINGS - 2,000 TRAINING AND CERTIFICATION - 1,500 INSURANCE - -0- OTHER FRINGE BENEFITS - 363 TOTAL 1099 COMPENSATION - 12,863 TRAVEL EXPENSE AND REGISTRATION FEES (PAID & REIMBURSED) - 4,245 TOTAL - 17,108 WILLIAM FLOYD: REGULAR BOARD MEETING - 6,000 SPECIAL BOARD AND COMMITTEE MEETINGS - 3,000 COOPERATIVE SERVICE ORGANIZATION MEETINGS - 7,000 TRAINING AND CERTIFICATION - 2,500 INSURANCE - -0- OTHER FRINGE BENEFITS - 368 TOTAL 1099 COMPENSATION - 18,868 TRAVEL EXPENSE AND REGISTRATION FEES (PAID & REIMBURSED) - 11,649 TOTAL - 30,517 DUDLEY MUSIER: REGULAR BOARD MEETING - 6,000 SPECIAL BOARD AND COMMITTEE MEETINGS - 3,500 COOPERATIVE SERVICE ORGANIZATION MEETINGS - 3,000 TRAINING AND CERTIFICATION - 9,500 INSURANCE - -0- OTHER FRINGE BENEFITS - 534 TOTAL 1099 COMPENSATION - 22,534 TRAVEL EXPENSE AND REGISTRATION FEES (PAID & REIMBURSED) - 13,818 TOTAL - 36,352 THERE ARE SEVERAL PURPOSES FOR THE SPECIAL BOARD MEETINGS AND COMMITTEE MEETINGS HELD THIS YEAR AND EVERY YEAR. SEVERAL OF THE SPECIAL MEETINGS HELD IN 2023 WERE RELATED TO TIME-SENSITIVE TOPICS, EACH OF WHICH REQUIRED LENGTHY DISCUSSIONS. THESE INCLUDE TOPICS SUCH AS ECONOMIC DEVELOPMENT, LEGAL MATTERS, AND FINANCIAL MATTERS IMPACTING THE COOPERATIVE. AS FOR THE COMMITTEE MEETINGS: (1) THE INSURANCE COMMITTEE (TRUSTEES SANDERS, MUSIER, AND FLOYD) TYPICALLY MEETS ONCE PER YEAR TO DISCUSS EMPLOYEE INSURANCE AND BENEFITS. (2) THE FINANCE/ETHICS COMMITTEE (TRUSTEES MCKNIGHT, FLOYD, COKER, AND NESMITH) TYPICALLY MEETS 1-2 TIMES PER YEAR TO DISCUSS THE COOPERATIVE BUDGET. (3) THE SETTING GOALS/EXPECTATIONS COMMITTEE (TRUSTEES NESMITH, WALTERS, MCKNIGHT, AND COKER) TYPICALLY MEETS 1-2 TIMES PER YEAR TO DEAL WITH THE CEO'S EVALUATION, GOALS, AND APPRAISAL. (4) FINALLY, THE POLICY COMMITTEE (TRUSTEES COKER, MUSIER, WALTERS, AND SANDERS) TYPICALLY MEETS 2-3 TIMES PER YEAR TO KEEP THE COOPERATIVE'S GOVERNING POLICIES CURRENT WITH TODAY'S LAWS AND CIRCUMSTANCES. THE CHAIRMAN, CURRENTLY BILLY L. MORRIS, JR., IS REQUIRED TO SERVE AS AN EX- OFFICIO MEMBER OF EACH COMMITTEE AND IS EXPECTED TO ATTEND ALL COMMITTEE MEETINGS. TRUSTEES ARE REQUIRED FROM TIME TO TIME TO PARTICIPATE IN MEETINGS OF SERVICE ORGANIZATIONS TO WHICH THE COOPERATIVE BELONGS. SINCE INDIVIDUAL COOPERATIVES ARE NECESSARILY SMALL, THEY FORM LARGER OPRGANIZATIONS TO SERVE COMMON NEEDS. OUR MATERIALS SUPPLIER, OUR NATIONAL TRADE ASSOCIATION, OUR STATEWIDE TRADE ASSOCIATION, AND OUR WHOLESALE POWER SUPPLIER ARE SUCH EXAMPLES. PARTICIPATING IN THEIR MEETINGS IS CRUCIAL IN MAKING SURE SANTEE ELECTRIC COOPERATIVE IS WELL-REPRESENTED AT EVERY LEVEL. A GREAT DEAL IS REQUIRED OF OUR TRUSTEES - INCLUDING GETTING (AND MAINTAINING) AN EDUCATION IN ALL THINGS THAT IMPACT THE COOPERATIVE. FOR THIS REASON, WE REQUIRE THEM TO PARTICIPATE IN QUITE A LOT OF TRAINING AND CERTIFICATION. WHILE WE REQUIRE THAT ALL TRUSTEES MAINTAIN A CERTAIN LEVEL AT ALL TIMES, THERE IS A HEAVIER BURDEN PLACED ON NEWER TRUSTEES TO ATTAIN CERTIFICATION QUICKLY. FOR THIS REASON, YOU TYPICALLY SEE SOME OF OUR NEWER TRUSTEES WITH SLIGHTLY HIGHER FIGURES IN THE CATEGORY. UNTIL RECENTLY, SEC - LIKE MANY OF THE NATION'S COOPERATIVES - PROVIDED HEALTH INSURANCE (CONSIDERED A FRINGE BENEFIT) FOR ITS TRUSTEES. THE PRACTICE OF PROVIDING THIS FOR NEW TRUSTEES HAS BEEN SUSPENDED. HOWEVER, THERE ARE THREE TRUSTEES THAT STILL REMAIN UNDER THE OLD PROGRAM. IN THE OTHER FRINGE BENEFITS CATEGORY, EACH TRUSTEE WAS GIVEN (1) A CHRISTMAS GIFT BY THE COOPERATIVE (VALUED AT 363.20 EACH) AND (2) A BOX OF ANNUAL MEETING GIFTS (VALUED AT 147.48 PER TRUSTEE) TO DISTRIBUTE TO MEMBERS IN THEIR DISTRICT WHO WERE UNABLE TO ATTEND THIS YEAR'S ANNUAL MEETING. ANDY MCKNIGHT AND ROBERT ARDIS III RECEIVED 12,053 AND 14,712 IN COMPENSATION, RESPECTIVELY, FROM CENTRAL ELECTRIC COOPERATIVE, INC. (CENTRAL) IN 2023. CENTRAL DOES NOT MEET THE DEFINITION OF A RELATED ORGANIZATION FOR PURPOSES OF THE FORM 990 AND ARE NOT INCLUDED ON PART R. MR. MCKNIGHT AND MR. ARDIS ONLY HAVE THE ABILITY TO SERVE ON THE BOARD OF CENTRAL BECAUSE THEY ARE OFFICERS OF SANTEE ELECTRIC COOPERATIVE, INC. (SANTEE). CENTRAL IS A GENERATION AND TRANSMISSION COOPERATIVE THAT EXISTS SOLELY FOR THE BENEFIT OF ITS MEMBERS. CENTRAL PROVIDES A RELIABLE, LONG-TERM, AND STABLE SUPPLY OF POWER, WHICH ACCOMODATES GROWTH, AT THE LOWEST POSSIBLE COST CONSISTENT WITH GOOD UTILITY PRACTICE. CENTRAL PROVIDES FOR RELIABLE DELIVERY OF POWER WHEN AND WHERE DESIRED, CONSISTENT WITH APPLICABLE GUIDELINES. CENTRAL PROVIDES ADDITIONAL ENERGY-RELATED OR DELIVERY-RELATED SERVICES, AS DIRECTED BY ITS BOARD OF TRUSTEES. SANTEE HAS A WHOLESALE POWER CONTRACT WITH CENTRAL THAT EXTENDS THROUGH 2058. SANTEE ECI PAID CENTRAL 84,873,229 DURING 2023.
FORM 990, PART XI, LINE 9	PATRONAGE CAPITAL CREDITS 5,202,677 CHANGE IN MEMBERSHIPS 855 CHANGE IN DONATED CAPITAL 65 OTHER COMPREHENSIVE INCOME 2,221,732 CAPITAL CREDIT RETIREMENTS -2,318,259 OTHER CHANGES -565 TOTAL 5,106,505
FORM 990, PART XII	THE COOPERATIVE'S FISCAL YEAR END IS JUNE 30TH. THE COOPERATIVE'S FINANCIAL STATEMENTS WERE AUDITED AS OF JUNE 30, 2023 AND 2022. THE COOPERATIVE RECEIVED AN UNMODIFIED (CLEAN) AUDIT OPINION FOR EACH OF THE YEARS ENDED JUNE 30, 2023 AND 2022.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	FIVE RIVERS DEVELOPMENT LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 548	AddressLine1Txt
City	KINGSTREE	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29556	ZIPCd

Field	Value	IRS element (for citing)
EIN	874822958	EIN
Primary Activities	ECON DEV	PrimaryActivitiesTxt
Legal Domicile State	SC	LegalDomicileStateCd
Total Income	$4,194,919	TotalIncomeAmt
End Of Year Assets	$9,044,984	EndOfYearAssetsAmt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	SANTEE ECI	BusinessNameLine1Txt