2019-11-11T09:29:30-08:00 2018-12-31 Aiken Electric Cooperative Inc 2790 Wagener Road Aiken SC 29801 990 2018-01-01 570113065 Aiken Electric Cooperative Inc AIKE 8036496245 PO Box 417 Aiken SC 29802 Gary L Stooksbury CEO 8036496245 2019-05-01 165.166.47.186 2019-11-11 09:29:20 PS P B28101B511F1AA970B836769C198438984BF6648 B28101B511F1AA970B836769C198438984BF6648 2018 2020-03-31 21:24:44Z Gary L Stooksbury PO Box 417 Aiken SC 29802 124477062 false X www.aikenco-op.org X 1938 SC Aiken Electric Cooperative, Inc. will strive to provide reliable, competitively priced energy and other services that are desired by the membership. 10 10 165 0 0 14 0 112343771 118909633 3990808 5567429 0 116334579 124477062 0 5138749 7667559 799496 884318 0 0 110396334 115925185 116334579 124477062 0 0 265302729 272050645 164712759 165653275 100589970 106397370 Aiken Electric Cooperative, Inc. will strive to provide reliable, competitively priced energy and other services that are desired by the membership. false false To provide the best possible electric service to all who desire it within the system's service area at the lowest price consistent with the highest standards of service. false false false false false false false false false true false true false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true 34 0 true 165 true false false false false false false false false false 117648420 6305701 false false false X 10 10 false false false false true true true true true false false true true true true true true true true false SC X April Collins 8036496245 2790 Wagener Road Aiken SC 29802 Wayne Furtick Trustee 16.00 X 32998 0 0 Otis Dewitt Livingston President 17.00 X X 54289 0 0 Edward Swartz Trustee 15.00 X 16276 0 0 Linda Bramlett Secretary/Treasurer 15.00 X X 23384 0 0 James E StewartJr Trustee 16.00 X 45906 0 0 Scott Riddle Trustee 10.00 X 26972 0 0 J Strom Thurmond Jr Trustee 6.00 X 23770 0 0 Dana Moseley Trustee 17.00 X 31078 0 0 O Frank Dorn Assistant Sec./Treasurer 16.00 X X 47285 0 0 Robert Curry Vice President 16.00 X X 49113 0 0 Chuck Sanders Jr Trustee 9.00 X 26477 0 0 Theo R Williams Trustee 0.00 X 10253 0 0 Gary L Stooksbury CEO 50.00 X 466702 0 105949 Dan Garman VP - Operations & Engineering 50.00 X 183926 0 107635 William Inman VP-Customer & Strategic Services 45.00 X 158753 0 151247 Robyn McCay VP - Human Resources 40.00 X 131057 0 63759 Todd Scoggins Area Director 50.00 X 119129 0 98677 Charles Rushton Area Director 50.00 X 118534 0 70054 1565902 0 597321 18 true true false Lewis Tree Company PO Box 731897 Dallas TX 75373 Right of way clearing 1963027 Bobby McGuire dba G&M Locating 1623 Brown Road Hephzibah GA 30815 Locating services 152971 Lee Electrical Construction Inc PO Box 55 Aberdeen NC 28315 Electrical Contractor 342167 Bradley Plumbing & Heating 150 Rutland Dr NW Aiken SC 29801 Water Heater Installer 138682 4 Electricity Sales 221000 117648420 0 0 Pole Rental 221000 189050 0 0 Patronage Capital - Assoc 221000 1072163 0 0 118909633 5567429 0 5567429 124477062 118909633 0 5567429 7667559 7667559 854503 854503 0 0 29815 29815 0 0 449944 449944 0 0 6978194 6978194 0 0 8571592 8571592 0 0 Administrative & General 5495584 5495584 0 0 Consumer Accounts & Consumer SVC 4058984 4058984 0 0 Distribution Maintenance & Operations 14592452 14592452 0 0 Purchased Power 75778435 75778435 0 0 124477062 124477062 0 0 1071135 2481637 12823877 12550190 0 0 860158 800120 7555586 9832631 297204842 89145579 203262666 208059263 39714007 38311104 15300 15700 265302729 272050645 22306442 28591069 11975000 11225000 129054585 126901201 1376732 -1063995 164712759 165653275 X 354608 358132 100235362 106039238 100589970 106397370 265302729 272050645 X 0 5807400 X false true X true false 0 1242156 1242156 11334154 4463082 6871072 284628532 84682497 199946035 208059263 Patronage Capital from Assoc Orgs 8230651 C Term Certificates 1336194 C Other Investments see supp sch 28744259 C 38311104 Accumulated Provision Post Retirement -4754916 Consumer Deposits 3690921 -1063995 false true false Theo R Williams 0 0 0 0 10253 0 0 0 0 0 10253 0 0 0 Gary L Stooksbury 337283 0 3000 0 126420 0 74370 0 31580 0 572653 0 0 0 Dan Garman 167139 0 3000 0 13788 0 80183 0 27452 0 291562 0 0 0 William Inman 142390 0 3000 0 13363 0 124666 0 26581 0 310000 0 0 0 Robyn McCay 127523 0 3000 0 534 0 38300 0 25459 0 194816 0 0 0 Todd Scoggins 104576 0 3000 0 11553 0 73709 0 24968 0 217806 0 0 0 Charles Rushton 103042 0 3000 0 12493 0 45096 0 24958 0 188589 0 0 0 Pt I Line 4b Gary L Stooksbury receives an IRS required distribution from his pension restoration plan. This amount is included in taxable income. Pt VI, Line 6 The Cooperative has members as provided in its bylaws which are included as a part of this return. Pt VI, Line 7a The Cooperative has members who elect members of the governing body as provided for in its bylaws which are included as a part of this return. Pt VI, Line 7b Certain decisions of the governeing body are subject to approval by members as provided in its bylaws which are included as a part of this return. Pt VI, Line 11b Form 990 is reviewed by the Board with all supporting documentation made available to them. Pt VI, Line 12c The Cooperative regularly and cosistently 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. Pt VI, Line 15a Compensation for the CEO is reviewed and approved through the use of a compensation survey and a performance review conducted by a compensation committee which is then approved by the member-elected board. Pt VI, Line 19 The Cooperative makes its bylaws, Conflict of Interest Policy and financial statements available to the public as part of its Form 990. The Form 990 is available as reflected in Part VI Section C Line 18. Pt XI See supporting schedule for the change in Net Asstes Pt VI, Line 15b Compensation for key employees is reviewed and approved through the use of a compensation survey and a performance review conducted by a compensation comittee which is then approved by the member-elected board. Other Part V, Line 3a - The Corporation filed Form 990-T for the year ended December 31, 2018, although they did not have any gross revenue from an unrelated business activity. The filing requirement for Form 990-T was a direct result of IRC Section 512(a)(7), which requires tax-exempt organizations to increase their UBTI by the amount of employee parking expenses that would be nondeductible if they were subject to the same deduction dis-allowance rules as taxable entities Form 990, Part IX, Line 24e Other Expenses Form 990, Part IX, Line 24e Purchased Power