2022-09-13T11:19:10-04:00 2021-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2021-01-01 560123345 PEE DEE ELECTRIC MEMBERSHIP CORP PEED 7046942114 9825 US HIGHWAY 74 EAST LILESVILLE NC 28091 DONALD H SPIVEY CEO & EXEC. VP 7046942114 2022-08-31 true DONALD SPIVEY 999009999 G STEVEN GILLIAM CPA P00348264 8043231313 2022-09-13 2021 2023-04-26 12:10:37Z X DONALD H SPIVEY 9825 US HIGHWAY 74 EAST LILESVILLE NC 28091 50166883 false X WWW.PDEMC.COM X 1939 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF PDEMC 10 10 72 0 133356 116234 46004209 47008118 396249 730792 754641 1355858 47288455 49211002 126756 101632 3389797 3478234 7510805 7534982 0 0 36896428 37932462 47923786 49047310 -635331 163692 143974115 156933151 77221300 86168769 66752815 70764382 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF PDEMC false false SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF PDEMC. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 27,648,215 DEPRECIATION AND AMORTIZATION 5,092,763 OTHER SALARIES AND WAGES 4,859,883 false false false false false false false false false true false true true true true true false false false false false false false false false false true false true false false false false false false false false false false false false false false true 21 0 true 72 true false false false false true false 47112850 2034722 false false false X 10 10 false false false false true true true true true false false true true true true true true true true false X THE CORPORATION 7046942114 9825 US HIGHWAY 74 EAST LILESVILLE NC 28091 DONALD H SPIVEY CEO & EXEC. 40.00 X 256824 0 218099 ANTHONY EASON VP ENG. & OP 40.00 X 157108 0 43672 DAVID BURR DISTRICT MGR 40.00 X 118941 0 78506 JAKE MCGEE DISTRICT MGR 40.00 X 116688 0 74541 CATHY PAGE VP OF MEMBER 40.00 X 126810 0 49103 CHRIS PARKER CREW FOREMAN 40.00 X 109521 0 57304 CHRIS BAXLEY LINEMAN FIRS 40.00 X 116732 0 43933 PHILLIP MABRY VP OF FINANC 40.00 X 129863 0 29216 RICHARD H JOHNSON PRESIDENT 5.00 X X 10335 0 0 BENJAMIN R LYBRAND DIRECTOR 5.00 X 8095 0 0 DONALD A THOMPSON VICE PRESIDE 1.00 X X 5230 0 0 RICHARD V MELTON DIRECTOR 2.00 X 4909 0 0 PAUL L TURNER III DIRECTOR 2.00 X 4444 0 0 MARCIA A LAMBETH DIRECTOR 2.00 X 4204 0 0 BENJAMIN MCCALLUM JR SEC. / TREAS 2.00 X X 4023 0 0 WINNIE M BENNETT DIRECTOR 1.00 X 3969 0 0 CRAIG W RATLIFF DIRECTOR 1.00 X 3077 0 0 ROBERT C DAVIS JR DIRECTOR 1.00 X 2707 0 0 1183480 594374 12 false true false COOPERATIVE BUILDING SOLUTIONS 77 W PORT PLAZA DRIVE ST LOUIS MO 63146 CONSTRUCTION 14096534 LEE ELECTRICAL CONSTRUCTION 12828 US-501 ABERDEEN NC 28315 CONSTRUCTION 1325051 XYLEM 208 E PLUME ST SUITE 250 NORFOLK VA 23510 RIGHT OF WAY 1302295 MERIDIAN COOPERATIVE 100 ASHFORD CENTER NORTH ATLANTA GA 30338 COMP. SOFTWARE 568858 CAROLINA POWER 1416 MIDDLE RIVER LOOP FAYETTEVILLE NC 28312 CONSTRUCTION 564078 8 116234 116234 SALE AND DIST. OF ELECT. 221000 46660397 46660397 PATRONAGE ALLOC. RECEIVED 221000 178754 178754 CONTRIB. IN AID OF CONST. 221000 168967 168967 47008118 349621 349621 217309 217309 217309 217309 1337052 955881 381171 381171 381171 EARNINGS FROM EQ. INV. 1138221 1138221 OTHER 328 328 1138549 49211002 48146667 948101 X 101632 3478234 885775 4859883 890707 466322 432295 7438 1024003 470199 1885611 5092763 COST OF POWER 27648215 DISTRIBUTIION MAINTENANCE 2496496 ADMIN & GENERAL 1786041 DISTRIBUTION OPERATION 830422 -3308726 49047310 0 0 0 1299 5577343 3529661 10588654 9450206 1906372 1287753 484944 392334 159050450 38518154 105879799 120532296 11517407 12454622 8019596 9284980 143974115 156933151 5828890 4275910 58821245 69065321 12571165 12827538 77221300 86168769 X 66752815 70764382 66752815 70764382 143974115 156933151 X 163692 3847875 X false true X true false 1197124 1197124 157853326 38518154 119335172 120532296 PATRONAGE CAPITAL CERTIFICATES 11504132 C CAPITAL TERM CERTIFICATES 740928 C OTHER 205062 C MEMBERSHIP FEES 4500 C 12454622 EQUITY INVESTMENTS 6998329 WCMA INVESTMENTS 2286651 9284980 APBO 7859992 DEFERRED CREDITS 3057824 OTHER CURRENT LIABILITIES 1138619 CONSUMER DEPOSITS 771103 12827538 X 49528663 486628 486628 49042035 168967 168967 49211002 45467444 45467444 3579866 3579866 49047310 SCHEDULE D, PAGE 3, PART X THE CORPORATION FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ACCOUNTING PRINIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE CORPORATION HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. SCHEDULE D, PAGE 4, PART XI, LINE 2D ADJ. FOR CASH PAT. REC. 939,081 BOOK TAX DIFFERENCE SANDHILLS UTILITY SERV -336,219 CARE TO SHARE RECLASS -116,234 SCHEDULE D, PAGE 4, PART XI, LINE 4B CIAC 168,967 SCHEDULE D, PAGE 4, PART XII, LINE 4B CARE TO SHARE ACTIVITY 101,632 PAT. DIV. PAID TO MEMBERS 3,478,234 false ANSON RESCUE SQUAD 208 E MORGAN STREET WADESBORO NC 28170 6613 FMV EQUIPMENT PURCHASE CORDOVA FIRE AND RESCUE 108 7TH STREET PO BOX 146 CORDOVA NC 28330 566047540 7500 FMV EQUIPMENT PURCHASE DERBY VOLUNTEER FIRE DEPT 2179 DERBY ROAD ELLERBE NC 28338 7500 FMV EQUIPMENT PURCHASE ELLERBE FIRE DEPARTMENT 108 W PAGE STREET PO BOX 310 ELLERBE NC 28338 7500 FMV EQUIPMENT PURCHASE ELLERBE RESCUE SQUAD INC 106 SUNSET AVE PO BOX 148 ELLERBE NC 28338 561487713 7500 FMV EQUIPMENT PURCHASE MOUNTAIN CREEK FIRE DEPARTMENT 248 GODFREY ROAD ELLERBE NC 28338 561404201 7500 FMV EQUIPMENT PURCHASE WADESBORO FIRE DEPARTMENT 205 E MORGAN STREET PO BOX 697 WADESBORO NC 28170 7500 FMV EQUIPMENT PURCHASE X X X X X false false false DONALD H SPIVEY CEO & EXEC. VP 256824 203885 14214 474923 ANTHONY EASON VP ENG. & OPERATIONS 157108 39356 4316 200780 DAVID BURR DISTRICT MGR OF OPS 118941 78506 197447 JAKE MCGEE DISTRICT MGR OF OPS 116688 66200 8341 191229 CATHY PAGE VP OF MEMBER SERVICE 126810 44787 4316 175913 CHRIS PARKER CREW FOREMAN 109521 52988 4316 166825 CHRIS BAXLEY LINEMAN FIRST CLASS 116732 35592 8341 160665 PHILLIP MABRY VP OF FINANCE 129863 19052 10164 159079 FORM 990 FORM 990, PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS PATRONAGE DIVIDENDS PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE- EXISTING OBLIGATION IN PEE DEE ELECTRIC MEMBERSHIP CORPORATION'S BY-LAWS. THE CORPORATION IS OBLIGATED TO PAY BY CREDITS TO A CAPITAL ACCOUNT FOR EACH PATRON ALL SUCH AMOUNTS IN EXCESS OF OPERATING COSTS AND EXPENSES. IRS INSTRUCTIONS FOR LINE 4 CHANGED IN 2011 TO INCLUDE PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS. ACCORDINGLY, THESE AMOUNTS ARE NOW REPORTED ON LINE 4. FORM 990, PART IX, TRAVEL COSTS TRAVEL COSTS INCLUDE THE EXPENSES OF PURCHASING, LEASING, OPERATING, AND REPAIRING ANY VEHICLES OWNED BY THE CORPORATION AND USED IN THE CORPORATION'S ACTIVITIES. TRAVEL COSTS ALSO INCLUDE TRANSPORTATION COSTS, MEALS AND LODGING, AND PER DIEM PAYMENTS. FORM 990, PAGE 6, PART VI, LINE 6 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. FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS OF PEE DEE EMC RECEIVE ONE VOTE WITH RESPECT TO SELECTING THE GOVERNING BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS AS PROVIDED FOR IN THE COOPERATIVE BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B THE CEO PROVIDES A COPY OF THE 990 TO THE FINANCE COMMITTEE AND GOVERNING BODY PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C EACH DIRECTOR, OFFICER AND KEY EMPLOYEE MUST ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST FORM. FORM 990, PAGE 6, PART VI, LINE 15A 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 CHANGE. FORM 990, PAGE 6, PART VI, LINE 15B 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, PAGE 6, PART VI, LINE 19 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 XI, LINE 9 NONCASH PATRONAGE ALLOCATIONS NOT REV PER IRS 939,081 PAT. DIV. PAID TO MEMBERS' ACCTS NOT EXP PER GAAP 3,478,234 BOOK TAX DIFFERENCE SANDHILLS UTILITY SVCS 613,918 CIAC NOT REVENUE PER GAAP -168,967 NET RETIREMENT OF CAPITAL CREDITS -999,789 CARE TO SHARE ACTIVITY -14,602 TOTAL 3,847,875