2019-11-14T12:02:15-06:00 2018-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2018-01-01 560478157 CENTRAL ELECTRIC MEMBERSHIP CORPORATION CENT 9197744900 PO BOX 1107 SANFORD NC 27331 MORRIS MCCLELION CEO & GEN. MGR. 9197744900 2019-11-15 true G STEVEN GILLIAM CPA P00348264 8043231313 2019-11-14 72.84.234.34 2019-11-14 12:02:15 CS P ACA39D8962F2BB59B316BF06430B2B7C29AE552B 89ADFE0B0847EC95470EA9D4595307149EE4A12A 2018 2020-04-17 16:48:07Z MORRIS MCCLELION PO BOX 1107 SANFORD NC 27331 56929639 false X WWW.CENTRALELECTRICONLINE.COM X 1941 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF CENTRAL EMC 10 10 71 0 0 50204943 56666423 82649 118792 1713324 110460 52000916 56895675 30875 39089 3953857 3233949 6685850 7057795 0 0 41615461 48318583 52286043 58649416 -285127 -1753741 116346985 117045818 69032540 67904499 47314445 49141319 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF CENTRAL EMC false false SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF CENTRAL ELECTRIC MEMBERSHIP CORPORATION. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 35,486,166 OTHER SALARIES AND WAGES 4,099,391 DEPRECIATION AND AMORTIZATION 3,980,075 false false false false false false false false false true false true false true false 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 false false true 31 0 true 71 true false false false false false 55431275 1522922 false false false X 10 10 false false false false true true true true true false false false true true true true true true true false NC X TABITHA WHITLOW 9197744900 128 WILSON ROAD SANFORD NC 27331 REBECCA G PASCHAL-COGAN PRESIDENT 3.47 X X 25612 0 0 J THOMAS DALRYMPLE VICE-PRESIDE 5.78 X X 22791 0 0 TIMOTHY PRIEST DIRECTOR 4.02 X 20766 0 0 W PHILLIP THOMPSON JR ASST. SECRET 2.74 X X 20491 0 0 L FRANK COMER III DIRECTOR 2.95 X 19891 0 0 HENRY RANDOLPH DIRECTOR 2.54 X 19741 0 0 NANCY G HOLMES DIRECTOR 2.36 X 12125 0 0 EDITH C COX DIRECTOR 1.65 X 10560 0 0 HENRY OUTZ DIRECTOR 3.42 X 8575 0 0 JAMES B BROOKS SECRETARY-TR 1.04 X X 7640 0 0 MORRIS MCCLELION CEO & GEN. M 40.00 X 200683 0 63738 EDWARD OLDHAM ASST GENERAL 40.00 X 123100 0 49033 ANGELA D HARE VP OF CUSTOM 40.00 X 108296 0 46061 GEORGE D LANGSTON VP ADMIN SVC 40.00 X 104021 0 38302 JODY B ALBRIGHT VP OF MEMBER 40.00 X 94421 0 35586 TABITHA WHITLOW VP FIN & ACT 40.00 X 92659 0 36456 CHRIS SMITH VP OPERATION 40.00 X 30767 0 0 THOMAS DUCKWORTH LINE SUPERIN 40.00 X 114912 0 37597 WESLEY T DAVIS SYSTEM ENGIN 40.00 X 112448 0 46448 KENT GUNTER SUPERINTENDE 40.00 X 110685 0 38841 MARTIN JESSUP OVERHEAD FOR 40.00 X 108704 0 36359 TERRIE HIGH MANAGER OF H 40.00 X 103576 0 36216 1472464 464637 12 false true false LEE ELECTRICAL CONSTRUCTION PO BOX 55 ABERDEEN NC 28315 OH & UG CONSTRU 1390009 LEWIS TREE SERVCIE PO BOX 731897 DALLAS TX 753731897 ROW MAINTENANCE 965212 XYLEM TREE EXPERTS 208 E PLUME STREET SUITE 250 NORFOLK VA 23510 ROW MAINTENANCE 234925 3 SALE OF ELECTRICITY 221000 55431275 55431275 FEMA FUNDS 221000 904101 904101 CASH PATRONAGE RECEIVED 221000 180937 180937 CONTRIB. IN AID OF CONST. 221000 150110 150110 56666423 127421 127421 7800 101229 7800 101229 109029 7800 101229 25335 33964 -8629 -8629 -8629 OTHER 221000 1431 1431 1431 56895675 56667025 228650 X 39089 3233949 1191316 4099391 830466 548355 388267 177899 603608 337531 1909299 3980075 COST OF POWER 35486166 DIST. MAINTENANCE 3455400 DIST. OPERATION 1625286 ADMIN & GENERAL 1473778 -730459 58649416 0 0 0 903851 1456526 30183 30198 10060604 9806202 723966 1013477 842794 839385 4288504 3999329 124272176 39194955 85628556 85077221 5188164 5078730 8680363 9744750 116346985 117045818 4773362 4618253 43512059 47884816 878505 1173355 19868614 14228075 69032540 67904499 X 47314445 49141319 47314445 49141319 116346985 117045818 X -1753741 3580615 X false true X true true true 124272176 39194955 85077221 85077221 PATRONAGE CAPITAL 9005080 C CAPITAL TERM CERTIFICATES 472071 C CFC SELECT NOTE 250000 C OTHER 17599 C 9744750 OTHER POST-RETIREMENT 7406595 DEFERRED CREDITS 5251748 CONSUMER DEPOSITS 1569732 14228075 57849765 2008301 2008301 55841464 1054211 1054211 56895675 54487792 54487792 4161624 4161624 58649416 SCHEDULE D, PAGE 4, PART XI, LINE 2D ADJ. FOR CASH PAT. REC 1,117,734 ADJ FOR INCOME FROM EQUITY INV 890,566 ROUNDING ADJ 1 SCHEDULE D, PAGE 4, PART XI, LINE 4B CIAC 150,110 RECLASS FEMA FUNDS FROM EXP 904,101 SCHEDULE D, PAGE 4, PART XII, LINE 4B FEMA FUNDS 904,101 MARGINS ASSIGNED TO MEMBERS 3,233,949 LOSS FROM EQUITY INVESTMENT 23,573 ROUNDING ADJ 1 false CENTRAL ELEC MEM CARE TRUST PO BOX 1107 SANFORD NC 27331 800958464 3 39089 COSTS LABOR ADMIN ASSISTANCE 1 X X false false false MORRIS MCCLELION CEO & GEN. MGR. 200683 53711 10027 264421 EDWARD OLDHAM ASST GENERAL MGR 123100 38724 10309 172133 ANGELA D HARE VP OF CUSTOMER SERV 108296 31681 14380 154357 THOMAS DUCKWORTH LINE SUPERINTENDENT 114912 27856 9741 152509 WESLEY T DAVIS SYSTEM ENGINEER 112448 31933 14515 158896 FORM 990, PAGE 6, PART VI, LINE 6 CENTRAL 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 SERVE AS THE GOVERNING BODY OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS OF CENTRAL ELECTRIC MEMBERSHIP CORPORATION RECEIVE ONE VOTE WITH RESPECT TO SELECTING THE GOVERNING BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS AS PROVIDED FOR IN THE COOPERATIVE BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT REVIEWS A COPY OF THE 990 FOR ACCURACY BEFORE FURNISHING IT TO THE CEO AND THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICTS OF INTEREST ARE COVERED UNDER THE ORGANIZATION'S CODE OF CONDUCT, WHICH STATES "EMPLOYEES ARE ENCOURAGED TO TALK TO SUPERVISORS, MANAGERS OR OTHER APPROPRIATE PERSONNEL ABOUT OBSERVED ILLEGAL OR UNETHICAL BEHAVIOR, AS WELL AS ACTUAL OR SUSPECTED VIOLATIONS OF THE POLICY OF WHICH THEY ARE AWARE, OR CONCERNS ABOUT THE BEST COURSE OF ACTION IN A PARTICULAR SITUATION." A COPY OF THE POLICY IS POSTED ON-LINE AT EACH OFFICE LOCATION. EMPLOYEES ARE NOTIFIED ONCE A YEAR ABOUT THE POLICY AND ARE EXPECTED TO REVIEW IT. EMPLOYEES ARE EXPECTED TO COOPERATE IN INTERNAL INVESTIGATIONS OF MISCONDUCT. DIRECTORS ARE SIMILARLY ENCOURAGED TO DISCUSS SUCH ISSUES WITH FELLOW DIRECTORS OR WITH THE PRESIDENT OF THE BOARD. DIRECTORS SIGN A QUESTIONNAIRE THAT ASKS ABOUT THE POTENTIAL CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION PERIODICALLY USES THE SERVICES OF A CONSULTING SERVICE WHICH COMPARES THE ORGANIZATION'S COMPENSATION WITH THAT OF SIMILAR ORGANIZATIONS. SALARIES OF MANAGEMENT PERSONNEL ARE REVIEWED BY THE BOARD OF DIRECTORS, AND FILES ARE MAINTAINED FOR THE REVIEW PROCESS BY WHICH MERIT RAISES ARE GRANTED. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION PERIODICALLY USES THE SERVICES OF A CONSULTING SERVICE WHICH COMPARES THE ORGANIZATION'S COMPENSATION WITH THAT OF SIMILAR ORGANIZATIONS. SALARIES OF MANAGEMENT PERSONNEL ARE REVIEWED BY THE BOARD OF DIRECTORS, AND FILES ARE MAINTAINED FOR THE REVIEW PROCESS BY WHICH MERIT RAISES ARE GRANTED. FORM 990, PAGE 6, PART VI, LINE 19 A COPY OF THE BYLAWS ARE PROVIDED TO NEW MEMBERS. A CONDENSED FINANCIAL STATEMENT IS PROVIDED TO THE MEMBERS AS PART OF THE ORGANIZATION'S ANNUAL REPORT. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S HEADQUARTERS. THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE ANNUAL AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. FORM 990, PART XI, LINE 9 NONCASH PATRONAGE ALLOCATIONS NOT REVENUE PER IRS 1,117,734 PATRONAGE DIV. PAID TO MEMBERS 3,233,949 OCI ADJUSTMENT TO EQUITY 5,300 INCREASE IN MEMBERSHIPS 885 BOOK TAX DIFFERENCE SANDHILLS UTILITY SERVICES 914,139 CONTRIBUTIONS IN AID OF CONSTRUCTION -150,110 NET RETIREMENT OF CAPITAL CREDITS -1,541,280 ROUNDING ADJUSTMENT -2 TOTAL 3,580,615 CENTRAL ELECTRIC MEMBER CARE TRUST PO BOX 1107 SANFORD NC 27331 800958464 CHARITABLE NC 501C 3 CENTRAL EM CENTRAL ELECTRIC MEMBERSHIP CORPORA false false false false false false false false false false false false false false false true false false false false CENTRAL ELECTRIC MEMBER CARE TRUST O 39089 COST