2020-04-28T11:30:38-07:00 2019-12-31 990 2019-01-01 560168825 CARTERET-CRAVEN ELECTRIC COOPERATIVE CART 2522473107 PO Box 1490 Newport NC 28570 Tara Alderman Director of Finance 2527272233 2020-04-28 74.122.18.226 2019 2021-01-29 14:40:06Z CARTERET-CRAVEN ELECTRIC COOPERATIVE PO BOX 1490 NEWPORT NC 28570 78765884 0 X www.ccemc.com X 1940 NC Electric distribution to membership 9 9 77 0 0 158626 0 6893947 70123846 69331331 558638 701015 1842743 1839591 72525227 78765884 0 0 0 0 6367799 6212802 0 0 0 58986415 67511521 65354214 73724323 7171013 5041561 134502263 132668457 72758438 67580240 61743825 65088217 Electric Distribution to Membership 0 0 66830376 71871937 Electric distribution cooperative supplying electric power to a membership of 35,583 members with 40,589 metered electric services. 0 0 0 66830376 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 25 0 1 77 1 1 1 0 0 0 0 69331331 9434553 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 William Fred Fulcher Director 5 0 X 18975 0 0 Douglas S Fulcher Treasurer 7.3 0 X X 16425 0 0 Joel Henry Davis Director 1.5 0 X 4450 0 0 Deloria Y Irby President 10.71 0 X X 22725 0 0 Ben S Ball Vice President 5.38 0 X X 17025 0 0 Alvin West Asst Treasurer 4.43 0 X 14600 0 0 Arland L Bell Asst Secretary 3.42 0 X 14925 0 0 Thom Styron Director 2.86 0 X 14725 0 0 Anthony Nelson Secrertary 6.25 0 X X 16125 0 0 Amy L Lock Director 2.02 0 X 13500 0 0 Will Pittman VP on Engineering 45 0 X 148990 0 0 Jake Joplin CEO 45 0 X 281893 0 0 584358 0 0 8 0 1 0 VOLT POWER 2910 HWY 31 NW HARTSELLE AL 35640 Utility Construction(Tranmission/Distribution) 1925184 TEMA 8730 Wadford Dr Raleigh NC 27661 Utility construction materials 2549140 Temple Tree Service 4995 Hwy 101 Newport NC 28570 Right of Way tree trimming 1423370 Spatco Energy Solutions 2020 Garner Station Blvd Raleigh NC 27603 Fuel System Contractor 397103 DW Hill Inc 159 Mill Creek Rd Newport NC 28570 Insurance Services 283808 25 X 0 0 0 0 6893947 0 0 6893947 Revenue from Membership 221122 69331331 69331331 0 0 0 0 0 0 69331331 701015 701015 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Patronage Dividends 221122 1839591 1839591 0 0 0 0 0 0 1839591 78765884 71871937 0 0 X 584358 4079163 1179959 369322 55459 35500 2327955 4598898 532955 Cost of Purchase Power 47287687 Distribution/Operational Expenses 5779120 Hurricane Restoration Expenditures 6893947 73724323 0 0 0 17999078 21701100 8414863 9299047 409674 451566 4160561 1915714 145127990 65454125 85311776 79673865 18206311 19627165 134502263 132668457 15111309 14831491 57647129 52748749 72758438 67580240 X 0 0 0 0 61743825 65088217 61743825 65088217 134502263 132668457 X 5041561 0 0 0 2691957 -4389126 X X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 869617 0 869617 3820170 0 2396556 1423614 0 0 0 0 140438203 0 63057569 77380634 0 0 0 0 79673865 Deposit in Cushion of Credit 200004 C Prepaid Pension Asset 1106715 C Note Receivable Economic Devolopment 750000 C Investments in Associated Organizations 16649108 C Regulatory Asset 921338 C 19627165 78765884 0 0 0 0 0 78765884 0 0 0 78765884 73724323 0 0 0 0 0 73724323 0 0 0 73724323 X 0 0 0 Jake Joplin CEO 281893 0 0 0 0 0 157631 0 0 0 439524 0 0 0 Will Pittman VP on Engineering 148990 0 0 0 0 0 38105 0 0 0 187095 0 0 0 Form 990, Part VI, Section A, Line 6 Form 990, Part VI, Section A, Line 6 - Consumers of electric power are members of the Cooperative. Member's vote on Directors who serve 3 year terms. Form 990, Part VI, Section A, Line 7a Form 990, Part VI, Section A, Line 7a - The governing body is elected by membership and makes decisions for membership. Form 990, Part VI, Section A, Line 7b Form 990, Part VI, Section A, Line 7b - Directors make decisions on the behalf of the membership. Form 990, Part VI, Section B, Line 11b Form 990, Part VI, Section B, Line 11b - Directors annually review the form 990 prior to filing. Copies to membership when requested. Form 990, Part VI, Section B, Line 12c Form 990, Part VI, Section B, Line 12c - Copies of the conflict policy are made available to all and discussed by governing body annually. Directors sign policy statement after review annually. Form 990, Part VI, Section B, Line 15 Form 990, Part VI, Section B, Line 15 - The organization employs an independent contract to annually review compensation pay schedules, Cooperative benefits, and finance. Form 990, Part VI, Section C, Line 19 Form 990, Part VI, Section C, Line 19 - The organization distributes corporate bylaws to members and provides other documents to members upon request; many are available on the Web site. Form 990, Part VIII, Line 1e FEMA award for Hurricane Restoration Expenditures Form 990, Part IX, Line 24a - 24d Hurricane Restoration Expenditures offset by FEMA award Form 990, Part XI, Line 9 Form 990, Part XI, Line 9 - Distribution to Patronage (Capital Credits) to membership Form 990, Part XII, Line 2c Form 990, Part XII, Line 2c - The Board has a Finance Committee who meets and discusses audit Schedule B, Part I FEMA reimbursement of Hurricane damage restoration expenditures of Carteret-Craven Electric Cooperative's Electric Distribution System.