2021-04-27T10:27:16-07:00 2020-12-31 990 2020-01-01 560168825 CARTERET-CRAVEN ELECTRIC COOPERATIVE CART 2522473107 PO Box 1490 Newport NC 28570 Tara Alderman Director of Finance 2527272233 2021-04-27 1 11 0 AAL2 2020 2022-09-23 18:48:47Z Tara Alderman PO Box 1490 Newport NC 28570 70996772 0 X www.ccemc.com X 1940 NC Electric distribution to membership 9 9 81 0 0 173044 6893947 3017174 69331331 65701090 701015 428274 1839591 1850234 78765884 70996772 0 0 0 0 6212802 7332920 0 0 0 67511521 58267223 73724323 65600143 5041561 5396629 132668457 136390442 67580240 71350744 65088217 65039698 Electric Distribution to Membership 0 0 65600143 3017174 67979598 Electric distribution cooperative supplying electric power to a membership of 35,583 members with 40,589 metered electric services. 0 0 0 65600143 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 20 0 1 81 1 1 1 0 0 0 0 65701090 5295682 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X Tara Alderman 2527272233 PO Box 1490 Newport NC 28570 Jake Joplin CEO 45 X 293945 0 262684 Will Pittman VP of Engineering 45 X 160059 0 60793 Cheryl Slater VP of Customer Services 45 0 X 140596 0 0 Sarah Grider VP of Support Services 45 0 X 136371 0 0 James R Carr VP of IT Systems 45 0 X 134102 0 0 Deloria Y Irby Secretary 6.62 0 X X 23775 0 0 William Fred Fulcher Director 3.92 0 X 19350 0 0 Anthony Nelson Vice President 5.4 0 X X 18450 0 0 Amy L Lock Assistant Secretary 2.16 0 X X 17550 0 0 Ben S Ball President 4.04 0 X X 15000 0 0 Douglas S Fulcher Director 4.63 0 X 14550 0 0 Alvin West Treasurer 2.28 0 X X 13350 0 0 Thom Styron Assistant Treasurer 2.17 0 X X 13050 0 0 James Schmitt Director 1.50 0 X 1300 0 0 1001448 0 323477 5 0 1 0 C Phase Services PO Box 3210 Kinston NC 28502 Utility Construction(Transmission/Distribution) 1649845 Temple Tree Service 4995 Hwy 101 Newport NC 28570 Right of Way tree trimming 1461646 CW Wright Construction Co LLC 11500 Ironbridge Rd Chester VA 23831 Utility Construction(Transmission/Distribution) 1332412 Lee Electrical Construction Inc PO Box 55 Aberdeen NC 28315 Utility Construction(Transmission/Distribution) 496567 Booth & Associates 5811 Glenwood Ave Suite 109 Raleigh NC 27612 Engineering Services 268322 8 0 0 0 0 3017174 0 0 3017174 Revenue from Membership 221122 65701090 65701090 0 0 0 0 0 0 65701090 428274 428274 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Patronage Dividends 221122 1850234 1850234 0 0 0 0 0 0 1850234 70996772 67979598 0 0 0 0 0 0 0 0 0 0 590379 590379 4041857 4041857 0 0 1212782 1212782 1122590 1122590 365312 365312 0 0 57594 57594 35820 35820 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2191865 2191865 0 0 4789877 4789877 546056 546056 Cost of Purchased Power 42765510 42765510 0 0 Distribution/Operational Expenses 2525511 2525511 0 0 Administrative and General/Customer Accounts 2337816 2337816 0 0 Hurricane Restoration Expenditures 3017174 3017174 0 0 65600143 65600143 0 0 21701100 18193422 9299047 7443282 451566 506750 1915714 1735545 151628062 68190329 79673865 83437733 19627165 25073710 132668457 136390442 14831491 15202305 52748749 56148439 67580240 71350744 X 0 0 0 0 65088217 65039698 65088217 65039698 132668457 136390442 X 5396629 0 0 0 0 -5445148 X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 869617 0 869617 3820170 0 2456481 1363689 0 0 0 0 146938275 0 65733848 81204427 0 0 0 0 83437733 Deposit in Cushion of Credit 209672 C Prepaid Pension Asset 766187 C Note Receivable Economic Development 1664063 C Investments in Associated Organizations 22120301 C Regulatory Asset 313487 C 25073710 70996772 0 0 0 0 0 70996772 0 0 0 70996772 65600143 0 0 0 0 0 65600143 0 0 0 65600143 X X 0 0 0 Jake Joplin CEO 293945 0 0 0 0 0 262684 0 0 0 556629 0 0 0 Will Pittman VP of Engineering 160059 0 0 0 0 0 60793 0 0 0 220852 0 0 0 Form 990, Part VI, Section A, Line 6 Consumers of electric power are members of the Cooperative. Members vote on Directors who serve 3 year terms Form 990, Part VI, Section A, Line 7a The governing body is elected by the membership and makes decisions for the membership Form 990, Part VI, Section A, Line 7b Directors make decisions on behalf of the membership Form 990, Part VI, Section B, Line 11b Copies of the 990 are provided to the members of the board of directors at a public meeting of the board of directors annually for review prior to filing. Copies are provided to the membership upon request. Form 990, Part VI, Section B, Line 12c Copies of the conflict of interest policy are provided to and discussed by the governing body annually. The Directors sign a policy statement after review annually. Form 990, Part VI, Section B, Line 15 The organization employs an independent contractor to annually review compensation pay schedules, Cooperative benefits, and finances Form 990, Part VI, Section C, Line 19 The organization's corporate bylaws are made available to members on the website. Copies of the conflict of interest policy and financial statements are provided to members upon request Form 990, Part XI, Line 9 Distribution of Patronage Capital Credits to membership