PEE DEE ELECTRIC COOPERATIVE INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: PEE DEE ELECTRIC COOPERATIVE INC (EIN 57-0223728)
Tax period: 2019-01-01 to 2019-12-31
Filed: 2020-10-20
IRS object ID: 202042949349300434
Schema version: 2019v5.0
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
Form 990
Schedule D
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2020-10-20T11:33:12-05:00	ReturnTs
Tax Period End	2019-12-31	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	2019-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	570223728	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PEE DEE ELECTRIC COOPERATIVE INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	PEED	BusinessNameControlTxt
Phone	8436654070	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 491	AddressLine1Txt
City	DARLINGTON	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29540	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JAMES A GOODSON JR	PersonNm
Person Title	CHAIRMAN	PersonTitleTxt
Phone	8436654070	PhoneNum
Signature	2020-10-20	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	BRYAN A ISGETT	PreparerPersonNm
PTIN	P01441928	PTIN
Phone	4787466277	PhoneNum
Preparation	2020-10-20	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	98.175.202.218	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2020-10-20	IPDt
IP Tm	11:33:12	IPTm
IP Timezone	CD	IPTimezoneCd
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	25F9B7C04C37FA469521EEC6F4E14D36AC5D002A	AtSubmissionCreationDeviceId
At Submission Filing Device Id	5586D5E413FCEF2742B907724651E8BC0D4D3AF0	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2021-04-22 16:20:28Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JAMES A GOODSON JR	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 491	AddressLine1Txt
City	DARLINGTON	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29540	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$86,449,654	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	PEEDEEELECTRIC.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1939	FormationYr
Legal Domicile State	SC	LegalDomicileStateCd
Activity Or Mission	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.	ActivityOrMissionDesc
Voting Members Governing Body	10	VotingMembersGoverningBodyCnt
Voting Members Independent	10	VotingMembersIndependentCnt
Total Employee	90	TotalEmployeeCnt
Total Gross UBI	$0	TotalGrossUBIAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$85,806,661	PYProgramServiceRevenueAmt
CY Program Service Revenue	$84,853,762	CYProgramServiceRevenueAmt
PY Investment Income	$983,149	PYInvestmentIncomeAmt
CY Investment Income	$846,998	CYInvestmentIncomeAmt
PY Other Revenue	-$126,296	PYOtherRevenueAmt
CY Other Revenue	$748,894	CYOtherRevenueAmt
PY Total Revenue	$86,663,514	PYTotalRevenueAmt
CY Total Revenue	$86,449,654	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$5,382,772	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$5,051,760	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$634,767	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$613,693	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$80,645,975	PYOtherExpensesAmt
CY Other Expenses	$80,784,201	CYOtherExpensesAmt
PY Total Expenses	$86,663,514	PYTotalExpensesAmt
CY Total Expenses	$86,449,654	CYTotalExpensesAmt
CY Revenues Less Expenses	$0	CYRevenuesLessExpensesAmt
Total Assets BOY	$165,656,949	TotalAssetsBOYAmt
Total Assets EOY	$172,210,910	TotalAssetsEOYAmt
Total Liabilities BOY	$91,474,043	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$94,851,829	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$74,182,906	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$77,359,081	NetAssetsOrFundBalancesEOYAmt
Mission	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.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	N/A	Desc
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	Yes (true)	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (true)	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	142	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	90	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	$84,202,983	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$1,045,023	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	10	GoverningBodyVotingMembersCnt
Independent Voting Member	10	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	PEE DEE ELECTRIC COOPERATIVE	PersonNm
Phone	8436654070	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 491	AddressLine1Txt
City	DARLINGTON	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29540	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
JAMES A GOODSON JR
CHAIRMAN	12.00	Yes (X)	Yes (X)	$28,055	$0	$0
PRESTON GAINEY
VICE CHAIRMA	10.00	Yes (X)	Yes (X)	$15,554	$0	$0
PATRICIA THOMAS-TONEY
SEC./TREAS	12.00	Yes (X)	Yes (X)	$4,279	$0	$4,825
DAVID HOWELL
TRUSTEE	12.00	Yes (X)		$27,512	$0	$0
ROBERT NORTON
TRUSTEE	12.00	Yes (X)		$14,204	$0	$0
HAMER PARNELL
TRUSTEE	10.00	Yes (X)		$32,605	$0	$0
WILLIAM F ROGERS JR
TRUSTEE	12.00	Yes (X)		$14,711	$0	$0
FREDERICK LASHON SELLERS
TRUSTEE	11.00	Yes (X)		$14,854	$0	$0
DON TEAL
TRUSTEE	10.00	Yes (X)		$29,348	$0	$0
LEE WHITE
TRUSTEE	10.00	Yes (X)		$32,891	$0	$0
MICHAEL S FULLER
PRESIDENT &	50.00		Yes (X)	$251,445	$0	$143,410
MICHAEL RALLINGS
VP ENGINEERI	50.00			$137,916	$0	$76,515	Yes (X)
JEFFERY SINGLETARY
VP MARKETING	50.00			$130,704	$0	$88,780	Yes (X)
JESSICA MASON
VP ACCOUNTIN	50.00			$128,883	$0	$90,221	Yes (X)
LORI STUCKEY
VP MEMBER SE	50.00			$131,405	$0	$89,628	Yes (X)
JACK R DEARHART III
VP OPERATION	50.00			$135,598	$0	$90,199	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,129,964	TotalReportableCompFromOrgAmt
Total Other Compensation	$583,578	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	13	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FVS LLC	BusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	817 PHILLIPS ROAD	AddressLine1Txt
City	WALTERBORO	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29488	ZIPCd

Field	Value	IRS element (for citing)
Compensation	$109,112	CompensationAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt
ELECTRIC REVENUE	221000	$84,202,983	$84,202,983
PATRONAGE CAPITAL CREDITS	221000	$418,582	$418,582
POLE RENTAL	221000	$205,522		$205,522
MISCESCELLAENOUS REVENUE	221000	$26,675	$26,675

Field	Value	IRS element (for citing)
Total Program Service Revenue	$84,853,762	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$846,998	TotalRevenueColumnAmt
Exclusion	$846,998	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	SUBSIDIARY INCOME	Desc
Total Revenue Column	$748,894	TotalRevenueColumnAmt
Exclusion	$748,894	ExclusionAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$748,894	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$86,449,654	TotalRevenueColumnAmt
Related Or Exempt Func Income	$84,648,240	RelatedOrExemptFuncIncomeAmt
Exclusion	$1,801,414	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$5,051,760	TotalAmt
Program Services	$5,051,760	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$613,693	TotalAmt
Program Services	$613,693	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$2,128,603	TotalAmt
Program Services	$2,128,603	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$5,756,252	TotalAmt
Program Services	$5,756,252	ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
PURCHASED POWER	$54,302,153	$54,302,153
DISTRIBUTION MAINTENANCE	$6,493,390	$6,493,390
DISTRIBUTION OPERATIONS	$4,629,924	$4,629,924
ADMIN. & GENERAL EXP.	$3,998,465	$3,998,465

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,475,414	TotalAmt
Program Services	$3,475,414	ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$86,449,654	TotalAmt
Program Services	$86,449,654	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,411,245	BOYAmt
EOY	$1,357,497	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$12,642,008	BOYAmt
EOY	$16,248,503	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$9,315,021	BOYAmt
EOY	$8,408,629	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$3,521,880	BOYAmt
EOY	$3,162,236	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$1,441,451	BOYAmt
EOY	$1,464,610	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$14,184,616	BOYAmt
EOY	$13,202,393	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$188,652,956	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$79,380,027	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$106,712,843	BOYAmt
EOY	$109,272,929	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$10,676,198	BOYAmt
EOY	$11,677,882	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$5,751,687	BOYAmt
EOY	$7,416,231	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$165,656,949	BOYAmt
EOY	$172,210,910	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$8,689,443	BOYAmt
EOY	$9,263,104	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$79,530,955	BOYAmt
EOY	$82,275,574	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$3,253,645	BOYAmt
EOY	$3,313,151	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$91,474,043	BOYAmt
EOY	$94,851,829	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$127,790	BOYAmt
EOY	$128,395	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$74,055,116	BOYAmt
EOY	$77,230,686	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$74,182,906	BOYAmt
EOY	$77,359,081	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$165,656,949	BOYAmt
EOY	$172,210,910	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$0	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$3,176,175	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	Yes (true)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (true)	FederalGrantAuditPerformedInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$777,552	OtherCostOrOtherBasisAmt
Book Value	$777,552	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$9,737,577	OtherCostOrOtherBasisAmt
Depreciation	$5,949,303	DepreciationAmt
Book Value	$3,788,274	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$178,137,827	OtherCostOrOtherBasisAmt
Depreciation	$73,430,724	DepreciationAmt
Book Value	$104,707,103	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$109,272,929	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (11 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
ACCUMULATED EQUITY - ELECTRICOM	$3,465,397	C
CENTRAL	$3,374,067	C
CFC CTC'S	$1,616,022	C
CEE US	$1,529,904	C
COBANK	$610,641	C
FEDERATED	$474,503	C
CFC	$390,360	C
NISC	$189,653	C
CRC	$22,286	C
NRTC	$2,949	C
OTHER	$2,100	C

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$11,677,882	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
CONSUMER DEPOSITS	$1,804,056
REGULATORY LIABILITES - ASC 980	$1,500,000
DEFERRED CREDITS	$9,095

Field	Value	IRS element (for citing)
Total Liability	$3,313,151	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$86,449,654	TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal	$86,449,654	RevenueSubtotalAmt
Total Revenue Per Form990	$86,449,654	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$81,397,894	TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal	$81,397,894	ExpensesSubtotalAmt
Other Expenses Not Included	$5,051,760	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$5,051,760	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$86,449,654	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE D, PAGE 4, PART XII, LINE 4B	FormAndLineReferenceDesc
Explanation	PATRONAGE CAPITAL CREDITS 5,051,760	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
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 (6 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt
MICHAEL S FULLER
PRESIDENT & CEO	$244,025	$7,420	$111,316	$32,094	$394,855
MICHAEL RALLINGS
VP ENGINEERING	$132,074	$5,842	$63,693	$12,822	$214,431
JEFFERY SINGLETARY
VP MARKETING	$125,076	$5,628	$58,288	$30,492	$219,484
JESSICA MASON
VP ACCOUNTING	$128,210	$673	$59,693	$30,528	$219,104
LORI STUCKEY
VP MEMBER SERVICES	$130,310	$1,095	$59,693	$29,935	$221,033
JACK R DEARHART III
VP OPERATIONS	$129,972	$5,626	$59,712	$30,487	$225,797

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 6	THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN.
FORM 990, PAGE 6, PART VI, LINE 7A	THE COOPERATIVE HAS MEMBERS WHO ELECT FELLOW MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN.
FORM 990, PAGE 6, PART VI, LINE 7B	CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN.
FORM 990, PAGE 6, PART VI, LINE 11B	FORM 990 IS REVIEWED BY THE BOARD WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM.
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 FOR THE PRESIDENT AND CEO IS APPROVED THROUGH THE USE OF A SYSTEMATIC WAGE AND SALARY PLAN AS WELL AS A PERFORMANCE REVIEW CONDUCTED BY THE MEMBER-ELECTED BOARD.
FORM 990, PAGE 6, PART VI, LINE 15B	COMPENSATION REVIEW AND APPROVAL FOR OTHER KEY EMPLOYEES IS CONDUCTED BY THE PRESIDENT AND CEO WITHIN THE LIMITATIONS OF THE WAGE AND SALARY PLAN AND POLICY AND BUDGET APPROVED BY THE MEMBER-ELECTED BOARD.
FORM 990, PAGE 6, PART VI, LINE 19	THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST ALONG WITH ITS 990 AS REFLECTED IN PART VI SECTION C LINE 18.
FORM 990, PART XI, LINE 9	PATRONAGE CAPITAL CREDIT RETIREMENTS 130,586 MEMBERSHIP FEES 605 OTHER COMPREHENSIVE INCOME 1,221,774 PATRONAGE CAPITAL CREDITS 5,051,760 PATRONAGE CAPITAL RETIREMENTS -3,228,550 TOTAL 3,176,175

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	PEE DEE ELECTRICOM INC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 491	AddressLine1Txt
City	DARLINGTON	CityNm
State Abbreviation	SC	StateAbbreviationCd
ZIP	29540	ZIPCd

Field	Value	IRS element (for citing)
EIN	570787138	EIN
Primary Activities	LAND DEVEL	PrimaryActivitiesTxt
Legal Domicile State	SC	LegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	PEE DEE EC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Entity Type	C CORP	EntityTypeTxt
Share Of Total Income	$748,894	ShareOfTotalIncomeAmt
Share Of EOY Assets	$5,159,586	ShareOfEOYAssetsAmt
Ownership	1.00000	OwnershipPct
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	Yes (true)	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (true)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	false	TransferToOtherOrgInd
Transfer From Other Org	false	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
PEE DEE ELECTRICOM INC
Q	$189,063	COST
PEE DEE ELECTRICOM INC
P	$19,270	COST

PEE DEE ELECTRIC COOPERATIVE INC: Form 990, tax year 2019

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Form 990 IRS990

US Address USAddress

Books In Care Of Detail BooksInCareOfDetail

US Address USAddress

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

Contractor Address ContractorAddress

US Address USAddress

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

Investment Income InvestmentIncomeGrp

Other Revenue Misc OtherRevenueMiscGrp

Total Revenue TotalRevenueGrp

Benefits To Members BenefitsToMembersGrp

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Interest InterestGrp

Depreciation Depletion DepreciationDepletionGrp

Other Expenses OtherExpensesGrp (4 entries)

All Other Expenses AllOtherExpensesGrp

Total Functional Expenses TotalFunctionalExpensesGrp

Cash Non Interest Bearing CashNonInterestBearingGrp

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Accounts Receivable AccountsReceivableGrp

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Investments Program Related InvestmentsProgramRelatedGrp

Other Assets Total OtherAssetsTotalGrp

Total Assets TotalAssetsGrp

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Other Liabilities OtherLiabilitiesGrp

Total Liabilities TotalLiabilitiesGrp

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FS Audited Basis FSAuditedBasisGrp

Schedule D IRS990ScheduleD

Land LandGrp

Buildings BuildingsGrp

Equipment EquipmentGrp

Invst Program Related Org InvstProgramRelatedOrgGrp (11 entries)

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

Supplemental Information Detail SupplementalInformationDetail

Schedule J IRS990ScheduleJ

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

US Address USAddress

Direct Controlling Entity Name DirectControllingEntityName

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

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