2019-11-13T13:11:28-06:00 2018-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2018-01-01 560993598 TIDELAND ELECTRIC MEMBERSHIP CORPORATION TIDE 2529433046 PO BOX 159 PANTEGO NC 27860 PAUL G SPRUILL CEO 2529433046 2019-10-28 true G STEVEN GILLIAM CPA P00348264 8043231313 2019-11-13 72.84.234.34 2019-11-13 13:11:28 CS P ACA39D8962F2BB59B316BF06430B2B7C29AE552B 61A6FECD8215AA087FF7745E3D605B7EF8D8F4B6 2018 2020-03-31 21:24:44Z PAUL G SPRUILL PO BOX 159 PANTEGO NC 27860 50848397 false X WWW.TIDELANDEMC.COM X 1941 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF TEMC 10 10 76 0 1989755 43743428 48140818 380070 400047 132374 317777 44255872 50848397 7900 9565 2336621 2343385 6574324 6964199 0 0 35551949 41501433 44470794 50818582 -214922 29815 130303018 135354301 82949066 86488191 47353952 48866110 X SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF TEMC false false SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF TEMC SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS OF TEMC. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER 28,512,770 OTHER SALARIES AND WAGES 4,876,755 DEPRECIATION 4,279,685 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 61 0 true 76 true false false false false false 47434269 3105151 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 WAYNE SAWYER DIRECTOR 11.00 X 17300 0 0 CHARLES SLADE DIRECTOR 7.00 X 17000 0 0 J DOUGLAS BRINSON VICE PRESIDE 17.00 X X 16400 0 0 RUDY AUSTIN DIRECTOR 6.00 X 16100 0 0 MARK CARAWAN DIRECTOR 9.00 X 15000 0 0 GARRY JORDAN DIRECTOR 7.00 X 14800 0 0 PAUL SASNETT PRESIDENT 10.00 X X 14800 0 0 DAVID IPOCK TREASURER 7.00 X X 14800 0 0 CLIFTON PAUL SECRETARY 8.00 X X 14400 0 0 DAWSON PUGH DIRECTOR 6.00 X 12600 0 0 PAUL G SPRUILL CEO 40.00 X 190699 0 50988 JIM CHRISMAN CFO 40.00 X 139938 0 32478 BENJAMIN BEAGLEIII MGR. OF OPER 40.00 X 136424 0 60212 STEVEN HARRIS LINE OPER SU 51.00 X 114625 0 39718 MYRA BEASLEY MGR. HUMAN R 40.00 X 107733 0 68842 BILLY WATERS CTO 40.00 X 107683 0 26373 ROBERT O'NEALJR LINE OPER SU 46.00 X 106188 0 40686 1056490 319297 9 false true false LEE ELECTRICAL CONST INC PO BOX 55 ABERDEEN NC 28315 POWER LINE CONS 2198990 JOHN LUCAS TREE EXPERT PO BOX 958 PORTLAND ME 04105 TREE REMOVAL 1102011 VOLT POWER 2910 HWY 31 NW HARTSELLE AL 35640 HURRICANE ASSIT 255969 PROGRESSIVE SOLUTIONS LLC PO BOX 825124 PHILADELPHIA PA 191825124 HERBICIDE SPRAY 145805 USIC LOCATING SVC INC PO BOX 713359 CINCINNATI OH 45271 LINE LOCATOR 123881 7 1989755 1989755 SALE OF ELECTRICITY 221000 47434269 47434269 CONTRIBUTIONS IN AID 221000 411227 411227 CAPITAL CREDITS RECEIVED 221000 295322 295322 48140818 400047 400047 8800 107874 8800 107874 116674 8800 107874 GAIN FROM EQUITY INVESTMENT 221000 201103 201103 201103 50848397 48350721 507921 X 9565 2343385 567303 4876755 915966 187584 416591 76962 1229668 106657 2442736 4279685 COST OF POWER 28512770 DISTRIBUTION MAINTENANCE 3840601 ADMIN AND GENERAL 1954273 DISTRIBUTION OPERATION 1046575 -1988494 50818582 0 0 0 2764122 5154748 7009472 7230860 1372387 1153891 701970 2131178 2781414 1706146 137666238 30235262 106262233 107430976 836492 1037595 8103703 9002359 471225 506548 130303018 135354301 3529088 2975371 61821732 68328283 1500000 16098246 15184537 82949066 86488191 X 47353952 48866110 47353952 48866110 130303018 135354301 X 29815 1482343 X false true X true true true 1430810 1430810 136235428 30235262 106000166 107430976 PATRONAGE CAPITAL - NCEMC 6687560 C INVESTMENT IN CFC-CTCS 839818 C PATRONAGE CAPITAL - TEMA 815636 C PATRONAGE CAPITAL - CFC 659345 C 9002359 DEFERRED CREDITS 7920554 POST RETIREMENT BENEFITS 4612078 CONSUMER DEPOSITS 1026220 OTHER ACCRUED LIABILITIES 1025685 ECONOMIC DEVELOPMENT GRANT 600000 15184537 X 51368995 51368995 -520598 -520598 50848397 48466397 48466397 2352185 2352185 50818582 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 411,227 RENTAL INCOME NETTED WITH EXPENSE 8,800 NON-CASH PAT. ALLOC. -940,625 SCHEDULE D, PAGE 4, PART XII, LINE 4B RENTAL INCOME NETTED WITH EXPENSE 8,800 PAT. DIV. PAID TO MEMBERS 2,343,385 false TIDELAND ELEC CARE TRU 25831 HWY 264 EAST PANTEGO NC 27860 562118287 501C3 9565 FAIR MARKE CHARITABLE AND EDUCA X X X X false false false PAUL G SPRUILL CEO 189477 1222 39272 11716 241687 JIM CHRISMAN CFO 132552 7386 20762 11716 172416 BENJAMIN BEAGLEIII MGR. OF OPERATIONS 136190 234 48496 11716 196636 STEVEN HARRIS LINE OPER SUPERINT 114391 234 28002 11716 154343 MYRA BEASLEY MGR. HUMAN RESOURCES 107235 498 57126 11716 176575 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, PAGE 2, PART III, LINE 4D SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS OF TEMC. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER 28,512,770 OTHER SALARIES AND WAGES 4,876,755 DEPRECIATION 4,279,685 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 940,625 PATRONAGE DIV PAID TO MEMBER'S ACCTS 2,343,385 CIAC NOT REVENUE PER GAAP -411,227 RETIREMENT OF CAPITAL CREDITS -1,109,646 OTHER COMPREHENSIVE LOSS -280,794 TOTAL 1,482,343 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 9565 FMV TIDELAND ELECTRIC CARE TRUST INC S 36716 FMV