2020-11-16T15:26:36-06:00 2019-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2019-01-01 560993598 TIDELAND ELECTRIC MEMBERSHIP CORPORATION TIDE 2529433046 PO BOX 159 PANTEGO NC 27860 PAUL G SPRUILL CEO 2529433046 2020-10-28 true G STEVEN GILLIAM CPA P00348264 8043231313 2020-10-28 72.84.234.34 2020-11-16 15:26:36 CS P ACA39D8962F2BB59B316BF06430B2B7C29AE552B 6A8AB175529F086EBF9CAC73DF7C4D5CDBFF734C 2019 2021-04-22 16:20:28Z PAUL G SPRUILL PO BOX 159 PANTEGO NC 27860 50823070 false X WWW.TIDELANDEMC.COM X 1941 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF TEMC 10 10 73 0 1989755 1499944 48140818 48747800 400047 440802 317777 134524 50848397 50823070 9565 12023 2343385 2411688 6964199 7125118 0 0 41501433 41450901 50818582 50999730 29815 -176660 135354301 139552488 86488191 89484900 48866110 50067588 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF TEMC false false SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS OF TEMC. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER 28,147,639 OTHER SALARIES AND WAGES 4,954,970 DEPRECIATION 4,378,959 false false false false false false false false false true false true false true true true false false false false false false false false false false true false true false false false false false false false false false false false true true true false true 65 0 true 73 true false false false false false 48131558 1083694 false false false X 10 10 false false false false false true true true true false false true true true true true true true true false X TIDELAND EMC 2529433046 PO BOX 159 PANTEGO NC 27860 PAUL G SPRUILL CEO 40.00 X 200683 0 48834 BENJAMIN BEAGLEIII MGR. OF OPER 40.00 X 135077 0 67580 MYRA BEASLEY MGR. HUMAN R 40.00 X 108334 0 74278 WILLIAM MIDYETTE LINE OPER SU 59.00 X 110217 0 64718 JIM CHRISMAN CFO 40.00 X 136816 0 31132 LAURA WILLIS CTO 40.00 X 115802 0 51150 STEVEN HARRIS LINE OPER SU 61.00 X 109665 0 42788 WAYNE SAWYER DIRECTOR 11.00 X 18100 0 0 RUDY AUSTIN DIRECTOR 8.00 X 17800 0 0 J DOUGLAS BRINSON VICE PRESIDE 17.00 X X 17100 0 0 GARRY JORDAN DIRECTOR 8.00 X 15200 0 0 CLIFTON PAUL SECRETARY 7.00 X X 14500 0 0 MARK CARAWAN DIRECTOR 9.00 X 14300 0 0 CHARLES SLADE DIRECTOR 7.00 X 14200 0 0 DAVID IPOCK TREASURER 8.00 X X 14000 0 0 PAUL SASNETT PRESIDENT 7.00 X X 13700 0 0 DAWSON PUGH DIRECTOR 5.00 X 12600 0 0 1068094 380480 12 false true false LEE ELECTRICAL CONST INC PO BOX 55 ABERDEEN NC 28315 POWER LINE CONS 3282997 JOHN LUCAS TREE EXPERT PO BOX 958 PORTLAND ME 04105 TREE REMOVAL 1055024 DATA WATT SOLUTIONS INC 1638 CLYDE FITZGERALD ROAD LINWOOD NC 27299 FIBER INSTALL 308075 USIC LOCATING SVC INC PO BOX 713359 CINCINNATI OH 45271 LINE LOCATOR 157843 PROGRESSIVE SOLUTIONS LLC PO BOX 825124 PHILADELPHIA PA 191825124 HERBICIDE SPRAY 147503 6 1499944 1499944 SALE OF ELECTRICITY 221000 48131558 48131558 CAPITAL CREDITS RECEIVED 221000 349501 349501 CONTRIBUTIONS IN AID 221000 266741 266741 48747800 408502 408502 26650 107874 26650 107874 134524 26650 107874 32300 32300 32300 32300 50823070 48774450 548676 X 12023 2411688 568965 4954970 935826 241959 423398 101997 1255976 100069 2579425 4378959 COST OF POWER 28147639 DISTRIBUTION MAINTENANCE 3231671 ADMIN AND GENERAL 2040922 DISTRIBUTION OPERATION 1753686 -2139443 50999730 0 0 0 5154748 3248580 7230860 7537374 1153891 1704249 2131178 2180960 1706146 890829 144307755 31733795 107430976 112573960 1037595 923751 9002359 9926647 506548 566138 135354301 139552488 2975371 3813847 68328283 66431424 4000000 15184537 15239629 86488191 89484900 X 48866110 50067588 48866110 50067588 135354301 139552488 X -176660 1378138 X false true X true true true 1431834 1431834 142875921 31733795 111142126 112573960 PATRONAGE CAPITAL - NCEMC 7527560 C PATRONAGE CAPITAL - TEMA 910401 C INVESTMENT IN CFC-CTCS 832917 C PATRONAGE CAPITAL - CFC 655769 C 9926647 DEFERRED CREDITS 6935356 POST RETIREMENT BENEFITS 5596885 OTHER ACCRUED LIABILITIES 1085240 CONSUMER DEPOSITS 1022148 ECONOMIC DEVELOPMENT GRANT 600000 15239629 X 49899400 49899400 923670 923670 50823070 47054179 47054179 3945551 3945551 50999730 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. 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. SCHEDULE D, PAGE 4, PART XI, LINE 4B CIAC NOT REVENUE PER GAAP 266,741 NON-CASH PAT. ALLOC. -876,934 FEMA FUNDS 1,499,944 EXPENSES NETTED WITH OTHER INCOME 33,919 SCHEDULE D, PAGE 4, PART XII, LINE 4B PAT. DIV. PAID TO MEMBERS 2,411,688 FEMA FUNDS 1,499,944 EXPENSES NETTED WITH OTHER INCOME 33,919 false TIDELAND ELEC CARE TRU 25831 HWY 264 EAST PANTEGO NC 27860 562118287 501C3 12023 FMV CHARITABLE AND EDUCA X X X X false false false PAUL G SPRUILL CEO 200449 234 36938 11896 249517 BENJAMIN BEAGLEIII MGR. OF OPERATIONS 118811 4266 12000 55684 11896 202657 MYRA BEASLEY MGR. HUMAN RESOURCES 102360 5974 62382 11896 182612 WILLIAM MIDYETTE LINE OPER SUPERINT 107274 2943 52822 11896 174935 JIM CHRISMAN CFO 129418 198 7200 19236 11896 167948 LAURA WILLIS CTO 111240 4562 39254 11896 166952 STEVEN HARRIS LINE OPER SUPERINT 105174 4491 30892 11896 152453 FORM 990 PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS: PATRONAGE DIVIDENDS ARE PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE EXISTING OBLIGATION IN TIDELAND 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. FORM 990, PART VI EXPLANATION OF CLASSES OF MEMBERS OR SHAREHOLDER: TIDELAND 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 SERVES AS THE GOVERNING BODY OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS OF THE GOVERNING BOARD ARE ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEMBERSHIP MEETING. EACH MEMBER RECEIVES ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B THE GOVERNING BODY'S DECISIONS ARE RATIFIED BY THE GENERAL MEMBERSHIP AT THE ANNUAL MEMBERSHIP MEETING. FORM 990, PAGE 6, PART VI, LINE 11B THE CEO AND MANAGER OF FINANCE REVIEW THE 990 WITH THE GOVERNING BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS AHEAD OF EACH MONTHLY BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 15A CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS AFTER A COMPARISON WITH SURVEYS, CONSULTANTS, AND OTHER SIMILAR ORGANIZATIONS. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE CEO AFTER CONSULTATION WITH HUMAN RESOURCES AND REVIEWS OF SURVEYS, CONSULTANTS, AND OTHER SIMILAR ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 15B CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS AFTER A COMPARISON WITH SURVEYS, CONSULTANTS, AND OTHER SIMILAR ORGANIZATIONS. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE CEO AFTER CONSULTATION WITH HUMAN RESOURCES AND REVIEWS OF SURVEYS, CONSULTANTS, AND OTHER SIMILAR ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL DATA IS PRESENTED TO THE MEMBERS AT THE ANNUAL MEETING AND IS ALSO INCLUDED IN THE 990, WHICH IS ALSO AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 NON-CASH PATRONAGE ALLOC NOT REV PER IRS 876,934 PATRONAGE DIV PAID TO MEMBER'S ACCTS 2,411,688 CIAC NOT REVENUE PER GAAP -266,741 RETIREMENT OF CAPITAL CREDITS -328,873 OTHER COMPREHENSIVE LOSS -1,314,870 TOTAL 1,378,138 TIDELAND ELECTRIC CARE TRUST INC 25831 HIGHWAY 264 EAST PANTEGO NC 27860 562118287 CHARITABLE NC 3 7 TIDELAND E TIDELAND EMC true false true false false false false false false false false false false false false false false false false true TIDELAND ELECTRIC CARE TRUST INC B 12023 FMV TIDELAND ELECTRIC CARE TRUST INC S 32027 FMV