MPD ELECTRIC COOPERATIVE INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- MPD ELECTRIC COOPERATIVE INC (EIN 85-4014392)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2025-04-30
- IRS object ID
- 202541209349303409
- Schema version
- 2023v6.0
- 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 | 2025-04-30T16:48:53-04:00 | 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 | 854014392 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MPD ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MPDE | BusinessNameControlTxt |
| Phone | 8434793855 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 100561 | AddressLine1Txt |
| City | FLORENCE | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29502 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILLIAM L FLEMING JR | PersonNm |
| Person Title | PRESIDENT (CEO) | PersonTitleTxt |
| Phone | 8434793855 | PhoneNum |
| Signature | 2025-04-28 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RICHARD A WHITTEN JR | PreparerPersonNm |
| PTIN | P00606339 | PTIN |
| Phone | 4787466277 | PhoneNum |
| Preparation | 2025-04-30 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | WILLIAM L FLEMING JR | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 100561 | AddressLine1Txt |
| City | FLORENCE | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29502 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $70,674,045 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | MPD.COOP | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2020 | FormationYr |
| Legal Domicile State | SC | LegalDomicileStateCd |
| Activity Or Mission | FROM 1/1/23 - 11/10/23: PROVIDING ELECTRICITY DISTRIBUTION SERVICES TO ITS TWO SEC. 501(C)(12) MEMBERS. FROM 11/10/23 - 12/31/23: PROVIDING COMPLETE ELECTRIC SERVICE TO THE FORMER MEMBERS OF PEE DEE ELECTRIC COOPERATIVE AND MARLBORO ELECTRIC COOPERATIVE. SEE SCH O AND MERGER DOCUMENTS ATTACHED. | ActivityOrMissionDesc |
| Voting Members Governing Body | 18 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 18 | VotingMembersIndependentCnt |
| Total Employee | 120 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $23,305,384 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $73,325,245 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,976 | PYInvestmentIncomeAmt |
| CY Investment Income | $102,948 | CYInvestmentIncomeAmt |
| CY Other Revenue | -$2,754,148 | CYOtherRevenueAmt |
| PY Total Revenue | $23,307,360 | PYTotalRevenueAmt |
| CY Total Revenue | $70,674,045 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $733,709 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $5,103,060 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,360,982 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,535,670 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $20,212,669 | PYOtherExpensesAmt |
| CY Other Expenses | $63,903,082 | CYOtherExpensesAmt |
| PY Total Expenses | $23,307,360 | PYTotalExpensesAmt |
| CY Total Expenses | $74,541,812 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | -$3,867,767 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $212,788,185 | TotalAssetsBOYAmt |
| Total Assets EOY | $372,979,249 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $155,790,292 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $229,066,383 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $56,997,893 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $143,912,866 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | FROM 1/1/23 - 11/10/23: PROVIDING ELECTRICITY DISTRIBUTION SERVICES TO ITS TWO SEC. 501(C)(12) MEMBERS. FROM 11/10/23 - 12/31/23: PROVIDING COMPLETE ELECTRIC SERVICE TO THE FORMER MEMBERS OF PEE DEE ELECTRIC COOPERATIVE AND MARLBORO ELECTRIC COOPERATIVE. SEE SCH O AND MERGER DOCUMENTS ATTACHED. | MissionDesc |
| Significant New Program Srvc | Yes (true) | SignificantNewProgramSrvcInd |
| Significant Change | Yes (true) | SignificantChangeInd |
| Expense | $41,168,492 | ExpenseAmt |
| Desc | TO PROVIDE ELECTRICITY DISTRIBUTION SERVICES TO ITS TWO SEC. 501(C)(12) MEMBERS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $34,444,098 | ExpenseAmt |
| Desc | TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $75,612,590 | TotalProgramServiceExpensesAmt |
| 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 | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | 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 | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 162 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 120 | 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 | $71,085,545 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $131,893 | 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 | 18 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 18 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANNIE CROWLEY | PersonNm |
| Phone | 8434542866 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 100561 | AddressLine1Txt |
| City | FLORENCE | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29502 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| WILLIAM L FLEMING JR | |||||||
| PRESIDENT (C | 40.00 | Yes (X) | $570,863 | $0 | $0 | ||
| PAUL CONWAY | |||||||
| OFFICER | 40.00 | $499,881 | $0 | $0 | Yes (X) | ||
| ANNIE CROWLEY | |||||||
| CFO | 40.00 | Yes (X) | $383,663 | $0 | $0 | ||
| JEFFREY B SINGLETARY | |||||||
| OFFICER | 40.00 | $352,299 | $0 | $0 | Yes (X) | ||
| LORI A STUCKEY | |||||||
| CHIEF CONSUM | 40.00 | $347,123 | $0 | $0 | Yes (X) | ||
| JESSICA MASON | |||||||
| VP, ACCOUNTI | 40.00 | $345,595 | $0 | $0 | Yes (X) | ||
| ROBERT B FLEMING | |||||||
| CHIEF OPERAT | 40.00 | $345,594 | $0 | $0 | Yes (X) | ||
| SAM P MCINNIS JR | |||||||
| VICE CHAIRMA | 2.00 | Yes (X) | $17,543 | $0 | $0 | Yes (X) | |
| DONALD JEFF QUICK | |||||||
| DIRECTOR | 2.00 | $16,941 | $0 | $0 | Yes (X) | ||
| LEE C WHITE | |||||||
| DIRECTOR | 2.00 | $16,906 | $0 | $0 | Yes (X) | ||
| DAVID HOWELL | |||||||
| DIRECTOR | 2.00 | $15,740 | $0 | $0 | Yes (X) | ||
| JOHN ALFORD | |||||||
| DIRECTOR | 2.00 | $14,750 | $0 | $0 | Yes (X) | ||
| MELVIN CARABO | |||||||
| DIRECTOR | 2.00 | $14,750 | $0 | $0 | Yes (X) | ||
| PRESTON GAINEY | |||||||
| DIRECTOR | 2.00 | $14,750 | $0 | $0 | Yes (X) | ||
| JAMES A GOODSON | |||||||
| CHAIRMAN | 2.00 | Yes (X) | $14,750 | $0 | $0 | Yes (X) | |
| EDGAR GORDON | |||||||
| DIRECTOR | 2.00 | $14,750 | $0 | $0 | Yes (X) | ||
| ROBERT NORTON | |||||||
| DIRECTOR | 2.00 | $14,750 | $0 | $0 | Yes (X) | ||
| HAMER PARNELL | |||||||
| DIRECTOR | 2.00 | $14,750 | $0 | $0 | Yes (X) | ||
| W RONALD QUICK | |||||||
| DIRECTOR | 2.00 | $14,750 | $0 | $0 | Yes (X) | ||
| WILLIAM F BUSTER ROGERS | |||||||
| DIRECTOR | 2.00 | $14,750 | $0 | $0 | Yes (X) | ||
| JANELLE SAULS | |||||||
| DIRECTOR | 2.00 | $14,750 | $0 | $0 | Yes (X) | ||
| F LASHON SELLERS | |||||||
| DIRECTOR | 2.00 | $14,750 | $0 | $0 | Yes (X) | ||
| RICKY SMITH | |||||||
| DIRECTOR | 2.00 | $14,750 | $0 | $0 | Yes (X) | ||
| DON R TEAL | |||||||
| DIRECTOR | 2.00 | $14,750 | $0 | $0 | Yes (X) | ||
| PATRICK ANN TONEY | |||||||
| SECRETARY/TR | 2.00 | Yes (X) | $14,750 | $0 | $0 | Yes (X) | |
| JAMIE T GRANT | |||||||
| DIRECTOR | 2.00 | $7,350 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,372,551 | TotalReportableCompFromOrgAmt |
| Indiv Rcvd Greater Than100 K | 7 | 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 |
|---|---|---|---|---|---|
| BE&K BUILDING GROUP | |||||
| 201 EAST MCBEE AVENUE STE 400 | GREENVILLE | SC | 29601 | CONSTRUCTION | $23,407,813 |
| ELEMENTUM INTERIORS | |||||
| 1527 RICHLAND ST | COLUMBIA | SC | 29201 | INT FURNISHINGS | $4,592,859 |
| SOUTHEASTERN LIMB & TREE | |||||
| PO BOX 1872 | RIDGELAND | SC | 29936 | TRIMMING | $2,965,230 |
| FVS LLC | |||||
| 817 PHILLIPS RD | WALTERBORO | SC | 29488 | HERBICIDE | $170,980 |
| FUSION LLC | |||||
| 210 INTERSTATE PKWY STE 300 | ATLANTA | GA | 30339 | COMMUNICATION | $132,069 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ELECTRIC DISTRIBUTION SERVICE | 221000 | $71,085,545 | $71,085,545 |
| PATRONAGE CAPITAL CREDITS | 221000 | $2,239,700 | $2,239,700 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $73,325,245 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $102,948 | TotalRevenueColumnAmt |
| Exclusion | $102,948 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| OTHER INCOME | 221000 | $1,113,619 | $1,113,619 |
| SUBSIDIARY INCOME (LOSS) | -$3,867,767 | -$3,867,767 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$2,754,148 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $70,674,045 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $73,325,245 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | -$2,651,200 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,103,060 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,535,670 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $452,591 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $212,112 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,179,210 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,941,115 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $20,815,813 |
| DISTRIBUTION MAINTENANCE | $8,089,827 |
| DISTRIBUTION OPERATIONS | $7,483,084 |
| ADMIN & GENERAL EXPENSES | $5,910,853 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,818,477 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,541,812 | 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 | $251,555 | BOYAmt |
| EOY | $3,891,909 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,187,420 | BOYAmt |
| EOY | $53,922,428 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,291,837 | BOYAmt |
| EOY | $5,391,234 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $476,457 | BOYAmt |
| EOY | $756,859 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $388,914,364 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $137,909,678 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $200,947,877 | BOYAmt |
| EOY | $251,004,686 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $7,204,720 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,000 | BOYAmt |
| EOY | $17,090,386 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $631,039 | BOYAmt |
| EOY | $33,717,027 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $212,788,185 | BOYAmt |
| EOY | $372,979,249 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,888,912 | BOYAmt |
| EOY | $24,627,044 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $141,706,293 | BOYAmt |
| EOY | $172,024,774 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,195,087 | BOYAmt |
| EOY | $32,414,565 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $155,790,292 | BOYAmt |
| EOY | $229,066,383 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,997,893 | BOYAmt |
| EOY | $143,912,866 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,997,893 | BOYAmt |
| EOY | $143,912,866 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $212,788,185 | BOYAmt |
| EOY | $372,979,249 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$3,867,767 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $90,782,740 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | false | FSAuditedInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,806,058 | OtherCostOrOtherBasisAmt |
| Book Value | $5,806,058 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,599,922 | OtherCostOrOtherBasisAmt |
| Book Value | $16,599,922 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $366,508,384 | OtherCostOrOtherBasisAmt |
| Depreciation | $137,909,678 | DepreciationAmt |
| Book Value | $228,598,706 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $251,004,686 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| GRANTOR TRUST | $21,364,935 |
| OTHER ASSETS | $12,352,092 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $33,717,027 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| OTHER CURRENT & ACCRUED LIAB | $16,427,615 |
| OTHER LIABILITIES | $10,233,365 |
| OTHER DEFERRED CREDITS | $5,753,585 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $32,414,565 | TotalLiabilityAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| 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 (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount |
|---|---|---|---|
| WILLIAM L FLEMING JR | |||
| PRESIDENT (CEO) | $570,863 | $570,863 | |
| PAUL CONWAY | |||
| OFFICER | $499,881 | $499,881 | |
| ANNIE CROWLEY | |||
| CFO | $383,663 | $383,663 | |
| JEFFREY B SINGLETARY | |||
| OFFICER | $352,299 | $352,299 | |
| LORI A STUCKEY | |||
| CHIEF CONSUMER OFC | $347,123 | $347,123 | |
| JESSICA MASON | |||
| VP, ACCOUNTING | $345,595 | $345,595 | |
| ROBERT B FLEMING | |||
| CHIEF OPERATING OFC | $226,979 | $345,594 | $118,615 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | FROM 1/1/23 - 11/10/23: PROVIDING ELECTRICITY DISTRIBUTION SERVICES TO ITS TWO SEC. 501(C)(12) MEMBERS. FROM 11/10/23 - 12/31/23: PROVIDING COMPLETE ELECTRIC SERVICE TO THE FORMER MEMBERS OF PEE DEE ELECTRIC COOPERATIVE AND MARLBORO ELECTRIC COOPERATIVE. SEE SCH O AND MERGER DOCUMENTS ATTACHED. |
| FORM 990, PAGE 2, PART III, LINE 2 | SEE SCHEDULE 0 DISCLOSURE FOR PART III, LINE 3. |
| FORM 990, PAGE 2, PART III, LINE 3 | FROM 1/1/23 - 11/10/23, MPD ELECTRIC COOPERATIVE HAD ONLY TWO MEMBERS: MARLBORO ELECTRIC COOPERATIVE, INC AND PEE DEE ELECTRIC COOPERATIVE, INC. MPD PROVIDED ELECTRICITY DISTRIBUTION AND MANAGEMENT SERVICES TO THESE MEMBERS ON A COOPERATIVE BASIS. ON 11/10/23, MARLBORO AND PEE DEE MERGED INTO MPD ELECTRIC COOPERATIVE, INC. WITH MPD BEING THE SURVIVING CORPORATION, IN A TAX-EXEMPT STATUTORY MERGER. SUBSEQUENT TO THE MERGER, THE FORMER COOPERATIVE MEMBERS OF MARLBORO AND PEE DEE BECAME MEMBERS OF MPD. MPD PROVIDED COMPLETE ELECTRICITY SERVICE TO THE MEMBERS COMMENCING ON 11/10/23. COPIES OF THE MERGER DOCUMENTS ARE ATTACHED. |
| FORM 990, PAGE 6, PART VI, LINE 6 | THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE COOPERATIVE HAS MEMBERS WHO ELECT OTHER MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN THE BYLAWS. |
| FORM 990, PAGE 6, PART VI, LINE 7B | CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN THE BYLAWS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 IS REVIEWED IN DETAIL BY THE COOPERATIVE'S GOVERNING BODY, WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM BEFORE BEING FILED. |
| 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 | COMPENSATION OF THE CEO IS REVIEWED AND APPROVED THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE MEMBER-ELECTED BOARD. AS PART OF THE PROCESS THE BOARD UTILIZES A SALARY STUDY BY A RECOGNIZED NATIONAL ORGANIZATION. |
| FORM 990, PAGE 6, PART VI, LINE 15B | COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE CEO. |
| FORM 990, PAGE 6, PART VI, LINE 19 | MPD ELECTRIC MAKES AVAILABLE ON REQUEST ITS GOVERNING DOCUMENTS (BYLAWS), CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. |
| FORM 990, PART XI, LINE 9 | MEMBERSHIPS ISSUED 195 PATRONAGE CAPITAL CREDITS 8,892,556 DONATED CAPITAL 6,273 OTHER COMPREHENSIVE INCOME 7,002,535 OTHER EQUITY -2,555 2023 CAPITAL CREDIT 5,103,060 NET MERGER TRANSACTION 69,780,676 TOTAL 90,782,740 |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARLBORO DEVELOPMENT TEAM | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 100561 | AddressLine1Txt |
| City | FLORENCE | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29502 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 463147291 | EIN |
| Primary Activities | DEVELOPMEN | PrimaryActivitiesTxt |
| Legal Domicile State | SC | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R | FormAndLineReferenceDesc |
| Explanation | MARLBORO DEVELOPMENT TEAM (MDT) BECAME A 100% OWNED SUBSIDIARY ON 11/10/23 AS PART OF THE MERGER TRANSACTION DISCLOSED ON SCHEDULE O. INFORMATION REPORTED ON PART IV IS BASED ON MDT'S TAXABLE YEAR ENDED 8/31/23. MDT'S ASSETS OWNED 100% BY MPD ELECTRIC COOPERATIVE AS OF 12/31/23 WERE 110,035,686. | ExplanationTxt |
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