2023-04-14T11:55:30-04:00 2022-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2022-01-01 560421795 SURRY-YADKIN ELECTRIC MEMBERSHIP CORPORATION SURR 3363568241 PO BOX 305 DOBSON NC 270170305 WILLIAM GREGORY PUCKETT EXECUTIVE VP & GM 3363568241 2023-04-11 true GREGORY PUCKETT 999009999 false JASON A PEACOCK P00978537 4787466277 2023-04-14 2022 2023-04-26 12:10:37Z WILLIAM GREGORY PUCKETT PO BOX 305 DOBSON NC 27017 60388840 false X WWW.SYEMC.COM X 1940 NC PROVIDE OUTSTANDING SERVICE THAT POWERS OUR RURAL COMMUNITIES 10 10 81 0 0 54382315 59911943 198410 273638 284381 203259 54865106 60388840 0 4479000 4597045 593012 601151 0 0 49793094 55190644 54865106 60388840 0 160081171 165218021 102338537 102012289 57742634 63205732 TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. false false TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. false false false false false false false false false true false true false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 45 0 true 81 true false false false false false 58626535 275932 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 X SURRY-YADKIN EMC 3363568241 510 SOUTH MAIN STREET DOBSON NC 27017 X WILLIAM GREGORY PUCKETT EXECUTIVE VP 50.00 X 302925 0 111566 MISTY UTT VP OF FINANC 45.00 X 161133 0 68127 RICKY BOWMAN VP OF OPERAT 45.00 X 149664 0 66907 RICHARD BRYON KENNEDY VP OF MBR SR 45.00 X 142598 0 47237 MICAH MILLS MANAGER OF O 45.00 X 121933 0 58331 SAM KIDD ENGINEERING 45.00 X 124249 0 47965 LEE VON SPEAKS DIRECTOR 6.00 X X 23220 0 0 KAROLINE OVERBY PRESIDENT 5.00 X X 20580 0 0 EDDIE CAMPBELL VICE PRESIDE 4.00 X 18600 0 0 BRENDA HARDY SECRETARY 4.00 X 18600 0 0 STEPHEN HUTSON DIRECTOR 4.00 X 18600 0 0 DAVID PENDRY DIRECTOR 4.00 X 18600 0 0 ALVIN REID JR DIRECTOR 4.00 X 17940 0 0 STEPHEN JOYCE DIRECTOR 3.00 X 17280 0 0 DAVID MILLER TREASURER 3.00 X X 17280 0 0 WILLARD SWIFT DIRECTOR 4.00 X X 15960 0 0 1189162 400133 21 false true false PIKE ELECTRIC INC PO BOX 746308 ATLANTA GA 30374 PLANT CONSTRUCT 2905753 LEE ELECTRICAL CONSTRUCTION INC PO BOX 55 ABERDEEN NC 28315 PLANT CONSTRUCT 2176577 CARTER UTILITY TREE SERVICE INC 152 GREYSTONE LANE MOUNT AIRY NC 27030 ROW TRIMMING 1390179 DAVEY RESOURCE GROUP INC PO BOX 74142 CLEVELAND OH 44194 DATA COLLECTION 783111 TOP GUN APPLICATION SERVICES LLC 160 EUBANKS FARM RD INMAN SC 29439 ROW SPRAYING 419569 11 ELECTRIC SERVICE REVENUE 221000 58684691 58684691 G & T CAPITAL CREDITS 221000 892151 892151 POLE RENTAL 221000 170403 170403 OTHER CAPITAL CREDITS 221000 164698 164698 59911943 273638 26851 246787 EARNINGS OR LOSS- DIVERSIFIED 221000 465992 465992 GAIN ON DISPOSITION OF PROPER 221000 1845 1845 LOSS ON DISPOSITION OF PROPER 221000 -1711 -1711 -262867 -262867 203259 60388840 59505658 883182 4597045 601151 2176484 4662107 PURCHASE POWER 30163451 DISTRIBUTION MAINTENANCE 6689358 DISTRIBUTION OPERATIONS 4796091 ADMIN & GENERAL 3733989 2969164 60388840 0 0 0 9558367 9075514 21569 108364 8584247 9707740 871833 749833 981495 930290 764410 880250 171044749 41972521 125314240 129072228 13985010 14693802 160081171 165218021 5663871 5097680 76429799 80464763 20244867 16449846 102338537 102012289 X 57742634 63205732 57742634 63205732 160081171 165218021 X 0 5463098 X false true X true false 1771399 1771399 169273350 41972521 127300829 129072228 PAT CAP - NCEMC 10962196 C PAT CAP - NRUCFC 1245885 C PAT CAP - TEMA 1206975 C OTHER INVESTMENTS 711076 C PAT CAP - FEDERATED 326032 C PAT CAP - NISC 241638 C 14693802 REGULATORY LIABILITY - ASC 980 9100000 ACCUM PROV FOR POSTRETIREMENT BEN 6366809 CONSUMER DEPOSITS 887177 DEFERRED CREDITS 95860 16449846 60388840 60388840 60388840 55791795 55791795 4597045 4597045 60388840 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 4,597,045 X false false false WILLIAM GREGORY PUCKETT EXECUTIVE VP & GM 270685 11608 20632 81558 30008 414491 MISTY UTT VP OF FINANCE & ACCT 140604 6080 14449 42504 25623 229260 RICKY BOWMAN VP OF OPERATIONS 135325 5880 8459 41375 25532 216571 RICHARD BRYON KENNEDY VP OF MBR SRVC & PUB 130589 5480 6529 35208 12029 189835 MICAH MILLS MANAGER OF OPER. 113326 4708 3899 33413 24918 180264 SAM KIDD ENGINEERING TECHNICI 112383 3619 8247 23797 24168 172214 SCHEDULE J, PART III PART II. LINE 1-WILLIAM GREGORY PUCKETT SECTION B)(III) INCLUDES ACCRUED LEAVE TIME WHICH IS IN ACCORDANCE WITH THE CORPORATION'S POLICY. FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS 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 99O 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 SALARIES ARE REVIEWED BY THE BOARD OF DIRECTORS AND FILES ARE MAINTAINED FOR THE REVIEW PROCESS BY WHICH MERIT RAISES ARE GRANTED. FORM 990, PAGE 6, PART VI, LINE 15B SALARIES ARE REVIEWED BY THE BOARD OF DIRECTORS AND FILES ARE MAINTAINED FOR THE REVIEW PROCESS BY WHICH MERIT RAISES ARE GRANTED. FORM 990, PAGE 6, PART VI, LINE 19 A COPY OF THE BYLAWS ARE PROVIDED TO NEW MEMBERS. A FINANCIAL STATEMENT IS PROVIDED TO THE MEMBERS AS A PART OF THE ORGANIZATION'S ANNUAL REPORT. GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATIONS'S HEADQUARTERS. FORM 990, PART VII SYEMC BYLAWS: SECTION 5.11 - DIRECTOR COMPENSATION. THE BOARD SHALL DETERMINE THE MANNER AND METHOD OF ANY REASONABLE DIRECTOR REIMBURSEMENT AND COMPENSATION. SUCH COMPENSATION MAY INCLUDE PAYING DIRECTORS A MONTHLY STIPEND AND/OR A FIXED PER DIEM FEE, PLUS DOCUMENTED BUSINESS EXPENSES, AS DETERMINED IN THE BOARD'S REASONABLE DISCRETION, FOR ATTENDING OR ATTENDING TO: 1.THE ONGOING NEEDS OF THE COOPERATIVE, DUTIES OF THE POSITION, AND COMMUNICATIONS WITH MEMBERS; 2.BOARD MEETING; 3.FUNCTION INVOLVING THE COOPERATIVE; OR 4.MEETING OF STATE, NATIONAL OR OTHER COOPERATIVE OR INDUSTRY ORGANIZATION, OR 5.FUNCTION REASONABLY ENHANCING THE DIRECTOR'S ABILITY TO SERVE AS A DIRECTOR. FORM 990, PART XI, LINE 9 ACCUM OTHER COMPREHENSIVE INCOME 2,798,759 DONATED CAPITAL 4,350 BENEFITS PAID TO MEMBERS 4,597,045 CAPITAL RETIREMENT GAINS 757,909 CAPITAL CREDIT RETIREMENT -2,694,965 TOTAL 5,463,098