2022-11-15T14:01:13-05:00 2021-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2021-01-01 560305124 LUMBEE RIVER ELEC MEMBERSHIP CORP LUMB 9108434131 6090 NC HIGHWAY 711 PEMBROKE NC 28372 RANDALL JONES INTERIM PRES & CEO 9108434131 2022-11-10 true RANDALL JONES 999009999 G STEVEN GILLIAM CPA P00348264 8043231313 2022-11-10 2021 2022-09-23 18:48:47Z RANDALL JONES 6090 NC HIGHWAY 711 PEMBROKE NC 28372 157095989 false X WWW.LUMBEERIVER.COM X 1940 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF LREMC. 13 13 123 1088954 29288 0 149344091 154841217 1590645 734880 620753 1471012 151555489 157047109 0 11971993 14268098 13720895 14411120 0 0 128992828 127700968 154685716 156380186 -3130227 666923 362048931 379137128 204715158 216449771 157333773 162687357 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF LREMC. false false SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF LREMC. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES, WERE AS FOLLOWS: COST OF POWER: 100,626,812 BENEFITS PAID TO MEMBERS: 14,268,098 DEPRECIATION: 12,520,606 false false false false false false false false false true false true false true true false true false false false false false false false false false false false true false false false false false false false false false false false true true true false false 87 0 true 123 true true true false false false false 149291892 6426023 false false false X 13 13 false false false false true true true true false false false false true true true true true true true true false X X LEA HEWETT 9108434131 6090 NC HIGHWAY 711 PEMBROKE NC 28372 X SHAWN HUNT FORMERPRESID 40.00 X 946655 0 15346 WILLIAM DOCKERY GENERAL FORE 60.00 X 154198 0 96874 TINA JONES DIR OF LOGIS 40.00 X 122002 0 62849 CYNTHIA STILES VP OF HR 40.00 X 122604 0 57401 WALTER WHITE VP OF CORP S 40.00 X 142411 0 36823 LEA HEWETT FORMER VP OF 40.00 X 156815 0 16765 CHRIS LOCKLEAR VP ENG & OPE 40.00 X 123049 0 11875 RANDALL JONES INTERIM PRES 40.00 X 19712 0 10666 SPENCER LOCKLEAR DIRECTOR 3.00 X 19500 0 0 ANTHONY HUNT TREASURER 3.00 1.00 X X 18300 0 0 SILVA CHAVIS DIRECTOR 3.00 X 17100 0 0 SHERRY CARTER DIRECTOR 3.00 X 16700 0 0 RORY C EDDINGS CHAIRMAN 2.00 1.00 X X 15900 0 0 AUTRY LOWRY DIRECTOR 2.00 X 15900 0 0 RONALD G HAMMONDS SECRETARY 2.00 1.00 X X 15800 0 0 JAMES HARDIN DIRECTOR 2.00 X 15600 0 0 ERIC LOCKLEAR DIRECTOR 2.00 X 15600 0 0 MADIE RAE LOCKLEAR VICE CHAIRMA 2.00 1.00 X X 14400 0 0 ROGER OXENDINE DIRECTOR 2.00 X 14100 0 0 KIRK LOWERY DIRECTOR 1.00 X 4300 0 0 RHONDA M GOINS-DIAL DIRECTOR 1.00 X 4000 0 0 1974646 308599 20 false true false EAST COAST ELECTRICAL 3688 UNION CHAPEL RD PEMBROKE NC 28372 CONSTRUCTION 3416141 XYLEM INC 208 E PLUME STREET STE 250 NORFOLK VA 23510 TREE TRIMMING 2165508 LEE ELECTRICAL CONSTRUCTION PO BOX 55 ABERDEEN NC 28315 CONSTRUCTION 1241497 DIRECTIONAL SERVICES INC PO BOX 385 HOPE MILLS NC 28348 ELECTRICAL 1209805 ERVIN CABLE CONSTRUCTION PO BOX 932157 ATLANTA GA 31193 FIBER CONST. 850370 13 SALE OF ELECTRICITY 221000 149291892 149291892 CONTRIB IN AID OF CONSTR. 221000 4985487 4985487 PATRONAGE CAPITAL REC. 221000 563838 563838 154841217 734880 734880 115465 625 114840 114840 32988 81852 33111 33111 4000 15144 -11144 -11144 ADMIN. SERVICES 221000 1067110 1067110 EQUITY EARNINGS (LOSS) SUBSID 221000 229112 229112 HOME WARRANTY WIRING 221000 71094 71094 1367316 157047109 155141423 1088954 816732 X 14268098 1353159 9339965 1836956 991672 889368 317436 1247728 132867 4610362 12520606 COST OF POWER 100626812 ADMIN AND GENERAL 5495680 DISTRIBUTION MAINTENANCE 3525485 TAXES 2006312 -2782320 156380186 0 0 0 27959245 34065958 100000 100000 14818910 15494096 4764539 3595402 4135296 5090870 226157 218994 391419510 122936731 266129529 268482779 8777527 13200505 34298830 38028164 838898 860360 362048931 379137128 15498794 13699850 155682122 173800372 33534242 28949549 204715158 216449771 X 157333773 162687357 157333773 162687357 362048931 379137128 X 666923 4686661 X false true X true false 391419510 122936731 268482779 268482779 PATRONAGE CAPITAL IN ASSOC. ORGS. 36648174 F CFC CAPITAL TERM CERTIFICATES 1126045 F CFC MEMBER CAPITAL CERTIFICATE 250000 F OTHER 3945 F 38028164 OTHER POST RETIREMENT BENEFITS 12928289 DEFERRED CREDITS 11809822 CONSUMER DEPOSITS 3351078 OTHER 860360 28949549 X SCHEDULE D, PAGE 3, PART X THE COOPERATIVE FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ASC 740. THE COOPERATIVE HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. X X X true false false SHAWN HUNT FORMERPRESIDENT &CEO 238081 3300 705274 6972 8374 962001 WILLIAM DOCKERY GENERAL FOREMAN 144650 6193 3355 85515 11359 251072 TINA JONES DIR OF LOGISTICS 112432 5274 4296 54901 7948 184851 CYNTHIA STILES VP OF HR 115468 4817 2319 45109 12292 180005 WALTER WHITE VP OF CORP SVCS 130141 6989 5281 24464 12359 179234 LEA HEWETT FORMER VP OF FINANCE 144438 7274 5103 4448 12317 173580 SCHEDULE J, PAGE 1, PART I, LINE 4 CHRIS LOCKLEAR 24,344 0 0 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 LUMBEE RIVER 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, PAGE 6, PART VI, LINE 6 LUMBEE RIVER 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 LUMBEE RIVER EMC ARE ENTITLED TO ONE VOTE WITH RESPECT TO ELECTING THE GOVERNING BOARD OF DIRECTORS. THERE ARE 13 DIRECTORS THAT ARE ELECTED EVERY 3 YEARS. 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 8B COMMITTEE MAINTAINS DOCUMENTATION OF MEETINS AND ACTIONS. FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICTS OF INTEREST ARE COVERED UNDER THE ORGANIZATION'S CODE OF CONDUCT, WHICH STATES "EMPLOYEES ARE ENCOURAGED TO TALK TO SUPERVISORS, MANAGERS OR OTHER APPROPRIATE PERSONNEL ABOUT OBSERVED ILLEGAL OR UNETHICAL BEHAVIOR, AS WELL AS ACTUAL OR SUSPECTED VIOLATIONS OF THE POLICY OF WHICH THEY ARE AWARE, OR CONCERNS ABOUT THE BEST COURSE OF ACTION IN A PARTICULAR SITUATION." A COPY OF THE POLICY IS POSTED ON-LINE AT EACH OFFICE LOCATION. EMPLOYEES ARE NOTIFIED ONCE A YEAR ABOUT THE POLICY AND ARE EXPECTED TO REVIEW IT. EMPLOYEES ARE EXPECTED TO COOPERATE IN INTERNAL INVESTIGATIONS OF MISCONDUCT. DIRECTORS ARE SIMILARLY ENCOURAGED TO DISCUSS SUCH ISSUES WITH FELLOW DIRECTORS OR WITH THE PRESIDENT OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE WILL REVIEW THE COMPARABLE DATA (NRECA NATIONAL COMPENSATION SURVEY FOR RURAL ELECTRIC SYSTEMS) AND DETERMINE THE COMPENSATION FOR THE CEO FOLLOWING A REVIEW DONE IN JANUARY OF EACH YEAR. COMPENSATION OF OTHER OFFICERS OF THE ORGANIZATION IS REVIEWED EACH JULY. AFTER CAREFUL CONSIDERATION OF LABOR MARKET INFORMATION, PRICE INDEX FOR THE PRECEDING 12-MONTH PERIOD, AND AN ASSESSMENT OF GENERAL ECONOMIC CONDITIONS DIRECTLY AFFECTING THE COOPERATIVE AND ITS ABILITY TO PAY ITS EMPLOYEES, THE BOARD OF DIRECTORS, UPON RECOMMENDATION OF THE CEO, SHALL MAKE A DETERMINATION OF THE PLAN ADJUSTMENT TO BE APPLIED TO THE PAY RATE OF EACH EMPLOYEE. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION HAS DEVELOPED A PERFORMANCE MATRIX THAT TAKES INTO ACCOUNT EMPLOYEE PERFORMANCE AND HOW CLOSE THE EMPLOYEE IS TO THE TOP OF THEIR PAY RANGE BASED ON THEIR JOB TITLE, EXPERIENCE AND PERFORMANCE. COMPENSATION ADJUSTMENTS ARE BASED ON WHERE THE INDIVIDUAL FALLS WITHIN THE PERFORMANCE MATRIX. FORM 990, PAGE 6, PART VI, LINE 18 THE ANNUAL REPORT IS POSTED ON THE ORGANIZATIONS WEBSITE. FINANCIAL INFORMATION IS ALSO PRINTED IN THE NOVEMBER ISSUE OF THE CAROLINA COUNTRY MAGAZINE AND EMPLOYEE NEWSLETTER THAT IS MAILED TO ALL MEMBERS. OTHER GOVERNING DOCUMENTS INCLUDING THE FORM 990 ARE AVAILABLE UPON REQUEST. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART VII PART VII SECTION A COLUMN F THE CORPORATION PARTICIPATES IN THE NRECA GROUP DEFINED PENSION PLAN. AS PART OF THIS PLAN, PARTICIPANTS ARE REQUIRED TO RECOGNIZE THE ACTUARIAL INCREASE IN THE VALUE OF THEIR ACCOUNT ON THE FORM 990. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE PLAN IS THE SAME FOR ALL INDIVIDUALS IN THE PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE WITH ALL OTHER THINGS BEING EQUAL. FORM 990, PART XI, LINE 9 NET INCREASE IN MEMBERSHIPS 8,480 BENEFITS PAID TO MEMBERS NOT EXP PER GAAP 14,268,098 CASH PATRONAGE RECEIVED NOT REV PER GAAP 3,729,334 BOOK TAX DIFFERENCE ON EQUITY INVESTMENTS 1,047,546 OTHER COMPREHENSIVE INCOME 2,212,434 NET RETIREMENT OF CAPITAL CREDITS -11,593,744 CIAC NOT REVENUE PER GAAP -4,985,487 TOTAL 4,686,661 LREMC TECHNOLOGIES LLC PO BOX 830 RED SPRINGS NC 28377 464244373 TELECOM NC C CORP C CORP -456031 4363445 1.00000 true true false false false false false false false false false false false false false true false true false false LREMC TECHNOLOGIES LLC A 41364 FULLY DIST COST LREMC TECHNOLOGIES LLC O 187439 FULLY DIST COST LREMC TECHNOLOGIES LLC Q 838307 FULLY DIST COST