SANTEE ELECTRIC COOPERATIVE INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- SANTEE ELECTRIC COOPERATIVE INC (EIN 57-0240935)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-05-01
- IRS object ID
- 202331219349301658
- Schema version
- 2022v5.0
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-05-01T12:18:17-04:00 | ReturnTs |
| Tax Period End | 2022-12-31 | 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 | 2022-01-01 | 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 | 2023-04-13 | 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 | 2023-05-01 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | 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 | $137,026,293 | 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 | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 122 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $127,594,051 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $136,520,455 | CYProgramServiceRevenueAmt |
| PY Investment Income | $226,814 | PYInvestmentIncomeAmt |
| CY Investment Income | $429,771 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,991,219 | PYOtherRevenueAmt |
| CY Other Revenue | $76,067 | CYOtherRevenueAmt |
| PY Total Revenue | $130,812,084 | PYTotalRevenueAmt |
| CY Total Revenue | $137,026,293 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $4,734,746 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $5,467,553 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $18,651,867 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $18,834,289 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $107,425,471 | PYOtherExpensesAmt |
| CY Other Expenses | $112,724,451 | CYOtherExpensesAmt |
| PY Total Expenses | $130,812,084 | PYTotalExpensesAmt |
| CY Total Expenses | $137,026,293 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $251,670,332 | TotalAssetsBOYAmt |
| Total Assets EOY | $268,330,133 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $158,655,059 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $172,905,216 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $93,015,273 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $95,424,917 | 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 |
| Desc | N/A | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | 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 | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 89 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 122 | 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 | $134,490,261 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $505,839 | 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 | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | 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 | 10.00 | Yes (X) | Yes (X) | $40,156 | $0 | $0 | |
| ALLEN NESMITH | |||||||
| VICE CHAIRMA | 9.00 | Yes (X) | Yes (X) | $27,042 | $0 | $0 | |
| WILLIAM FLOYD | |||||||
| SECOND VICE | 9.00 | Yes (X) | Yes (X) | $23,540 | $0 | $0 | |
| STANLEY PASLEY | |||||||
| SEC-TREAS | 8.00 | Yes (X) | Yes (X) | $41,348 | $0 | $0 | |
| DONALD E COKER | |||||||
| ASSISTANT SE | 8.00 | Yes (X) | Yes (X) | $37,143 | $0 | $0 | |
| ANDY D MCKNIGHT | |||||||
| TRUSTEE | 14.00 | Yes (X) | $38,560 | $0 | $0 | ||
| WALTER SANDERS | |||||||
| TRUSTEE | 8.00 | Yes (X) | $25,027 | $0 | $0 | ||
| DUDLEY MUSIER | |||||||
| TRUSTEE | 8.00 | Yes (X) | $27,326 | $0 | $0 | ||
| HARRY WALTERS | |||||||
| TRUSTEE | 6.00 | Yes (X) | $12,018 | $0 | $0 | ||
| ROBERT ARDIS III | |||||||
| PRESIDENT & | 50.00 | Yes (X) | $333,392 | $0 | $164,222 | ||
| ROBERT F HIGBE III | |||||||
| VP-ENGINEERI | 50.00 | $199,106 | $0 | $109,027 | Yes (X) | ||
| RONALD A JOHNSON | |||||||
| VP-OPERATION | 47.00 | $170,177 | $0 | $95,826 | Yes (X) | ||
| JAMES R COOPER | |||||||
| VICE PRESIDE | 50.00 | $162,952 | $0 | $86,361 | Yes (X) | ||
| JAMES KIRBY | |||||||
| VP-PUBLIC AF | 42.00 | $148,837 | $0 | $29,618 | Yes (X) | ||
| JOHN MATTHEWS | |||||||
| FOREMAN | 54.27 | $138,012 | $0 | $63,294 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,424,636 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $548,348 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 22 | 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 | $6,189,663 |
| DIS-TRAN STEEL | |||||
| 529 CENLA DR | PINEVILLE | LA | 71360 | MATERIALS | $729,337 |
| PEAK SUBSTATION SERVICES LLC | |||||
| P O BOX 67 | BIRMINGHAM | AL | 35201 | SUBSTATION SERV | $383,780 |
| MCCALL THOMAS ENGINEERING | |||||
| DRAWER 670 | ORANGEBURG | SC | 29116 | ENGINEERING | $298,442 |
| FVS LLC | |||||
| 817 PHILLIPS ROAD | WALTERBORO | SC | 29488 | FORESTRY | $279,200 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 10 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| ELECTRIC REVENUE | 221000 | $134,490,261 | $134,490,261 | |
| G & T CAPITAL CREDITS | 221000 | $788,611 | $788,611 | |
| OTHER CAPITAL CREDITS | 221000 | $630,911 | $630,911 | |
| POLE RENTAL | 221000 | $610,672 | $610,672 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $136,520,455 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $429,771 | TotalRevenueColumnAmt |
| Exclusion | $429,771 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| MISC NON-OPERATING INCOME | $41,275 | $41,275 |
| NON-OP RENTAL INC-WAREHOUSE | $31,800 | $31,800 |
| MISC NON-OP REV-VENDOR DISCOU | $2,992 | $2,992 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $76,067 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $137,026,293 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $135,985,850 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1,040,443 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,467,553 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $769,774 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,171,321 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,834,174 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,352,895 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $706,125 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,762 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,536 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $362,283 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $318,643 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $240,805 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $722,415 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,743 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $150,973 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,374,042 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,507,693 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $494,237 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $90,488,574 |
| DISTRIBUTION OPERATIONS | $5,562,648 |
| DISTRIBUTION MAINTENANCE | $4,718,839 |
| ADMIN. & GENERAL EXP. | $1,594,670 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$4,998,412 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $137,026,293 | 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 | $9,323,586 | BOYAmt |
| EOY | $5,294,131 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,500,000 | BOYAmt |
| EOY | $16,000,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,454,575 | BOYAmt |
| EOY | $13,086,030 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,948,314 | BOYAmt |
| EOY | $2,014,246 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,671,699 | BOYAmt |
| EOY | $3,431,487 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,055,662 | BOYAmt |
| EOY | $420,757 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $285,671,598 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $80,843,284 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $194,756,311 | BOYAmt |
| EOY | $204,828,314 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,171,102 | BOYAmt |
| EOY | $13,812,592 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,789,083 | BOYAmt |
| EOY | $9,442,576 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $251,670,332 | BOYAmt |
| EOY | $268,330,133 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,856,448 | BOYAmt |
| EOY | $17,824,224 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $131,422,938 | BOYAmt |
| EOY | $145,767,993 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,375,673 | BOYAmt |
| EOY | $9,312,999 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $158,655,059 | BOYAmt |
| EOY | $172,905,216 | 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 | $186,760 | BOYAmt |
| EOY | $187,255 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $92,828,513 | BOYAmt |
| EOY | $95,237,662 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $93,015,273 | BOYAmt |
| EOY | $95,424,917 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $251,670,332 | BOYAmt |
| EOY | $268,330,133 | 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 | $2,409,644 | 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 D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,975,336 | OtherCostOrOtherBasisAmt |
| Book Value | $1,975,336 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $17,152,389 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,938,212 | DepreciationAmt |
| Book Value | $11,214,177 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $266,543,873 | OtherCostOrOtherBasisAmt |
| Depreciation | $74,905,072 | DepreciationAmt |
| Book Value | $191,638,801 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $204,828,314 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PATRONAGE CAPITAL FROM ASSOC. | Desc |
| Book Value | $13,812,592 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $13,812,592 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| REGULATORY LIABILITES - ASC 980 | $5,527,656 |
| CONSUMER DEPOSITS | $1,975,282 |
| DEFERRED CREDITS | $1,810,061 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $9,312,999 | 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, 2022 AND 2021. THE COOPERATIVE RECEIVED AN UNMODIFIED (CLEAN) AUDIT OPINION FOR EACH OF THE YEARS ENDED JUNE 30, 2022 AND 2021. | 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 | $307,531 | $1,220 | $24,641 | $136,429 | $27,793 | $497,614 |
| ROBERT F HIGBE III | ||||||
| VP-ENGINEERING | $184,879 | $1,220 | $13,007 | $82,323 | $26,704 | $308,133 |
| RONALD A JOHNSON | ||||||
| VP-OPERATIONS | $156,553 | $1,220 | $12,404 | $68,237 | $27,589 | $266,003 |
| JAMES R COOPER | ||||||
| VICE PRESIDENT & CFO | $159,004 | $1,376 | $2,572 | $58,621 | $27,740 | $249,313 |
| JAMES KIRBY | ||||||
| VP-PUBLIC AFFAIRS | $141,117 | $1,997 | $5,723 | $2,914 | $26,704 | $178,455 |
| JOHN MATTHEWS | ||||||
| FOREMAN | $129,342 | $1,220 | $7,450 | $36,094 | $27,200 | $201,306 |
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 26, 2023 BOARD MEETING, AND THERE WERE NO KNOWN CASES 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 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. |
| FORM 990, 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 200M, 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 - 5,500 SPECIAL BOARD AND COMMITTEE MEETINGS - 7,000 COOPERATIVE SERVICE ORGANIZATION MEETINGS - 3,500 TRAINING AND CERTIFICATION - 1,500 INSURANCE - 22,138 OTHER FRINGE BENEFITS - 518 TOTAL 1099 COMPENSATION - 40,156 TRAVEL EXPENSE AND REGISTRATION FEES (PAID & REIMBURSED) - 3,689 TOTAL - 43,845 ANDY D. MCKNIGHT: REGULAR BOARD MEETING - 6,000 SPECIAL BOARD AND COMMITTEE MEETINGS - 6,500 COOPERATIVE SERVICE ORGANIZATION MEETINGS - 9,000 TRAINING AND CERTIFICATION - 4,171 INSURANCE - 12,371 OTHER FRINGE BENEFITS - 518 TOTAL 1099 COMPENSATION - 38,560 TRAVEL EXPENSE AND REGISTRATION FEES (PAID & REIMBURSED) - 9,967 TOTAL - 48,527 STANLEY PASLEY: REGULAR BOARD MEETING - 4,000 SPECIAL BOARD AND COMMITTEE MEETINGS - 4,000 COOPERATIVE SERVICE ORGANIZATION MEETINGS - 9,000 TRAINING AND CERTIFICATION - 1,528 INSURANCE - 22,302 OTHER FRINGE BENEFITS - 518 TOTAL 1099 COMPENSATION - 41,348 TRAVEL EXPENSE AND REGISTRATION FEES (PAID & REIMBURSED) - 7,121 TOTAL - 48,469 DONALD E. COKER: REGULAR BOARD MEETING - 6,000 SPECIAL BOARD AND COMMITTEE MEETINGS - 6,500 COOPERATIVE SERVICE ORGANIZATION MEETINGS - 9,000 TRAINING AND CERTIFICATION - 2,628 INSURANCE - 12,497 OTHER FRINGE BENEFITS - 518 TOTAL 1099 COMPENSATION - 37,143 TRAVEL EXPENSE AND REGISTRATION FEES (PAID & REIMBURSED) - 5,262 TOTAL - 42,405 WALTER SANDERS: REGULAR BOARD MEETING - 6,000 SPECIAL BOARD AND COMMITTEE MEETINGS - 6,000 COOPERATIVE SERVICE ORGANIZATION MEETINGS - 10,500 TRAINING AND CERTIFICATION - 2,009 INSURANCE - -0- OTHER FRINGE BENEFITS - 518 TOTAL 1099 COMPENSATION - 25,027 TRAVEL EXPENSE AND REGISTRATION FEES (PAID & REIMBURSED) - 8,022 TOTAL - 33,049 ALLEN NESMITH: REGULAR BOARD MEETING - 6,000 SPECIAL BOARD AND COMMITTEE MEETINGS - 6,500 COOPERATIVE SERVICE ORGANIZATION MEETINGS - 12,500 TRAINING AND CERTIFICATION - 1,524 INSURANCE - -0- OTHER FRINGE BENEFITS - 518 TOTAL 1099 COMPENSATION - 27,042 TRAVEL EXPENSE AND REGISTRATION FEES (PAID & REIMBURSED) - 8,406 TOTAL - 35,448 HARRY WALTERS: REGULAR BOARD MEETING - 5,500 SPECIAL BOARD AND COMMITTEE MEETINGS - 4,500 COOPERATIVE SERVICE ORGANIZATION MEETINGS - 1,500 TRAINING AND CERTIFICATION - 1,500 INSURANCE - -0- OTHER FRINGE BENEFITS - 518 TOTAL 1099 COMPENSATION - 13,518 TRAVEL EXPENSE AND REGISTRATION FEES (PAID & REIMBURSED) - 1,871 TOTAL - 15,389 WILLIAM FLOYD: REGULAR BOARD MEETING - 6,000 SPECIAL BOARD AND COMMITTEE MEETINGS - 6,500 COOPERATIVE SERVICE ORGANIZATION MEETINGS - 8,000 TRAINING AND CERTIFICATION - 2,522 INSURANCE - -0- OTHER FRINGE BENEFITS - 518 TOTAL 1099 COMPENSATION - 23,540 TRAVEL EXPENSE AND REGISTRATION FEES (PAID & REIMBURSED) - 9,474 TOTAL - 33,014 DUDLEY MUSIER: REGULAR BOARD MEETING - 6,000 SPECIAL BOARD AND COMMITTEE MEETINGS - 6,000 COOPERATIVE SERVICE ORGANIZATION MEETINGS - 11,500 TRAINING AND CERTIFICATION - 3,308 INSURANCE - -0- OTHER FRINGE BENEFITS - 518 TOTAL 1099 COMPENSATION - 27,326 TRAVEL EXPENSE AND REGISTRATION FEES (PAID & REIMBURSED) - 14,166 TOTAL - 41,492 THERE ARE SEVERAL PURPOSES FOR THE SPECIAL BOARD MEETINGS AND COMMITTEE MEETINGS HELD THIS YEAR AND EVERY YEAR. SEVERAL SPECIAL MEETINGS THAT WERE HELD IN 2022 WERE RELATED TO TIME SENSITIVE TOPICS EACH OF WHICH REQUIRE VERY LENGHTY DISCUSSIONS. THESE INCLUDE TOPICS SUCH AS ECONOMIC DEVELOPMENT 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, PASLEY, 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 PASLEY, MUSIER, WALTERS, AND SANDERS) TYPICALLY MEETS 2-3 TIMES PER YEAR TO KEEP THE COOPERATIVE'S GOVERNING POLICIES CURRENT WITH TODAYS 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 IS A MEMBER. 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 (FLOYD, AND MUSIER) 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 FOUR 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 385 EACH), AND (2) A BOX OF ANNUAL MEETING GIFTS (VALUED AT 133 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 13,117 AND 19,320 IN COMPENSATION, RESPECTIVELY, FROM CENTRAL ELECTRIC COOPERATIVE, INC. (CENTRAL) IN 2022. 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 90,496,688 DURING 2022. |
| FORM 990, PART XI, LINE 9 | PATRONAGE CAPITAL CREDITS 5,467,553 MEMBERSHIPS 460 CAPITAL CREDIT RETIREMENTS -2,027,479 OTHER COMPREHENSIVE INCOME -1,030,825 DONATED CAPITAL -65 TOTAL 2,409,644 |
| FORM 990, PART XII | THE COOPERATIVE'S FISCAL YEAR END IS JUNE 30TH. THE COOPERATIVE'S FINANCIAL STATEMENTS WERE AUDITED AS OF JUNE 30, 2022 AND 2021. THE COOPERATIVE RECEIVED AN UNMODIFIED (CLEAN) AUDIT OPINION FOR EACH OF THE YEARS ENDED JUNE 30, 2022 AND 2021. |
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