BETA

PEE DEE ELECTRIC COOPERATIVE INC: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
PEE DEE ELECTRIC COOPERATIVE INC (EIN 57-0223728)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-11-07
IRS object ID
201933119349301713
Schema version
2018v3.1
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 ReturnHeader

FieldValueIRS element (for citing)
Return2019-11-07T14:11:44-06:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN581094351PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MCNAIR MCLEMORE MIDDLEBROOKS & CO LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1POST OFFICE BOX ONEAddressLine1Txt
CityMACONCityNm
State AbbreviationGAStateAbbreviationCd
ZIP312020001ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN570223728EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PEE DEE ELECTRIC COOPERATIVE INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPEEDBusinessNameControlTxt
Phone8436654070PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 491AddressLine1Txt
CityDARLINGTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29540ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL S FULLERPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone8436654070PhoneNum
Signature2019-11-07SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRYAN A ISGETTPreparerPersonNm
PTINP01441928PTIN
Phone4787466277PhoneNum
Preparation2019-11-07PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address98.175.202.218IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-11-07IPDt
IP Tm14:11:44IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdBE799C77261EE06AB1BFE677EC220712838153C6AtSubmissionCreationDeviceId
At Submission Filing Device Id165CA17AB532D5519A9F26DF7B7031333B36404AAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-03-31 21:24:44ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMICHAEL S FULLERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 491AddressLine1Txt
CityDARLINGTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29540ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$86,663,514GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressPEEDEEELECTRIC.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1939FormationYr
Legal Domicile StateSCLegalDomicileStateCd
Activity Or MissionTO 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 Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee90TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$3,782NetUnrelatedBusTxblIncmAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$79,207,674PYProgramServiceRevenueAmt
CY Program Service Revenue$85,806,661CYProgramServiceRevenueAmt
PY Investment Income$1,336,940PYInvestmentIncomeAmt
CY Investment Income$983,149CYInvestmentIncomeAmt
PY Other Revenue-$36,834PYOtherRevenueAmt
CY Other Revenue-$126,296CYOtherRevenueAmt
PY Total Revenue$80,507,780PYTotalRevenueAmt
CY Total Revenue$86,663,514CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$3,605,815PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$5,382,772CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$663,534PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$634,767CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$76,238,431PYOtherExpensesAmt
CY Other Expenses$80,645,975CYOtherExpensesAmt
PY Total Expenses$80,507,780PYTotalExpensesAmt
CY Total Expenses$86,663,514CYTotalExpensesAmt
CY Revenues Less Expenses$0CYRevenuesLessExpensesAmt
Total Assets BOY$163,841,906TotalAssetsBOYAmt
Total Assets EOY$165,656,949TotalAssetsEOYAmt
Total Liabilities BOY$90,146,577TotalLiabilitiesBOYAmt
Total Liabilities EOY$91,474,043TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$73,695,329NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$74,182,906NetAssetsOrFundBalancesEOYAmt
MissionTO 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 SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescN/ADesc
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstYes (true)ReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document146IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee90EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Members And Shr Gross Income$85,125,065MembersAndShrGrossIncomeAmt
Other Sources Gross Income$1,135,255OtherSourcesGrossIncomeAmt
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldSCStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonPEE DEE ELECTRIC COOPERATIVEPersonNm
Phone8436654070PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 491AddressLine1Txt
CityDARLINGTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29540ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtHighest Compensated EmployeeHighestCompensatedEmployeeInd
JAMES A GOODSON JR
CHAIRMAN12.00Yes (X)Yes (X)$30,915$0$0
PRESTON GAINEY
VICE CHAIRMA10.00Yes (X)Yes (X)$16,247$0$03.00
PATRICIA THOMAS-TONEY
SEC./TREAS12.00Yes (X)Yes (X)$11,697$0$0
DAVID HOWELL
TRUSTEE12.00Yes (X)$26,795$0$0
ROBERT NORTON
TRUSTEE10.00Yes (X)$13,647$0$0
HAMER PARNELL
TRUSTEE8.00Yes (X)$30,565$0$0
WILLIAM F ROGERS JR
TRUSTEE12.00Yes (X)$12,107$0$0
FREDERICK LASHON SELLERS
TRUSTEE11.00Yes (X)$14,147$0$0
DON TEAL
TRUSTEE10.00Yes (X)$31,856$0$0
LEE WHITE
TRUSTEE10.00Yes (X)$35,070$0$0
MICHAEL S FULLER
PRESIDENT &50.00Yes (X)$270,613$0$141,1085.00
MICHAEL RALLINGS
VP ENGINEERI45.00$139,177$0$77,692Yes (X)
JEFFERY SINGLETARY
VP MARKETING50.00$130,373$0$89,7182.00Yes (X)
JESSICA MASON
VP ACCOUNTIN42.00$126,917$0$91,119Yes (X)
LORI STUCKEY
VP MEMBER SE40.00$130,251$0$91,126Yes (X)
JACK R DEARHART III
VP OPERATION55.00$137,734$0$91,120Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,158,111TotalReportableCompFromOrgAmt
Total Other Compensation$581,883TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K12IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
JIMMIE'S TREE SERVICE
753 BROCKINGTON RDKINGSTREESC29556FORESTRY$582,662
FVS LLC
817 PHILLIPS ROADWALTERBOROSC29488$108,952
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtExclusionExclusionAmt
ELECTRICITY SALES221000$85,125,065$85,125,065
POLE RENTAL221000$534,947$534,947
PATRONAGE CAPITAL CREDITS221000$146,649$146,649
FieldValueIRS element (for citing)
Total Program Service Revenue$85,806,661TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$983,149TotalRevenueColumnAmt
Exclusion$983,149ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescSUBSIDIARY INCOMEDesc
Total Revenue Column-$126,296TotalRevenueColumnAmt
Exclusion-$126,296ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total-$126,296OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$86,663,514TotalRevenueColumnAmt
Related Or Exempt Func Income$85,271,714RelatedOrExemptFuncIncomeAmt
Exclusion$1,391,800ExclusionAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$5,382,772TotalAmt
Program Services$5,382,772ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$634,767TotalAmt
Program Services$634,767ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$2,150,535TotalAmt
Program Services$2,150,535ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$5,492,689TotalAmt
Program Services$5,492,689ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
PURCHASED POWER$55,197,573$55,197,573
DISTRIBUTION MAINTENANCE$5,949,233$5,949,233
DISTRIBUTION OPERATIONS$4,344,671$4,344,671
ADMIN & GENERAL EXPENSE$4,032,883$4,032,883

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$3,478,391TotalAmt
Program Services$3,478,391ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$86,663,514TotalAmt
Program Services$86,663,514ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$558,260BOYAmt
EOY$1,411,245EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$10,500,000BOYAmt
EOY$12,642,008EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$10,630,416BOYAmt
EOY$9,315,021EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$7,021,774BOYAmt
EOY$3,521,880EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$1,342,920BOYAmt
EOY$1,441,451EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$11,831,481BOYAmt
EOY$14,184,616EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$181,021,852LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$74,309,009LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$103,889,485BOYAmt
EOY$106,712,843EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$1,989,824BOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$10,470,035BOYAmt
EOY$10,676,198EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$5,607,711BOYAmt
EOY$5,751,687EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$163,841,906BOYAmt
EOY$165,656,949EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$7,797,288BOYAmt
EOY$8,689,443EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$80,608,786BOYAmt
EOY$79,530,955EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,740,503BOYAmt
EOY$3,253,645EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$90,146,577BOYAmt
EOY$91,474,043EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$127,775BOYAmt
EOY$127,790EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$73,567,554BOYAmt
EOY$74,055,116EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$73,695,329BOYAmt
EOY$74,182,906EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$163,841,906BOYAmt
EOY$165,656,949EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$0ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$487,577OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

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

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,551,870OtherCostOrOtherBasisAmt
Depreciation$5,651,157DepreciationAmt
Book Value$3,900,713BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$170,692,430OtherCostOrOtherBasisAmt
Depreciation$68,657,852DepreciationAmt
Book Value$102,034,578BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$106,712,843TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (9 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
INVEST. IN ASSOC. ORG.-CENTRAL$3,258,016C
ACCUMULATED EQUITY$2,714,503C
INVEST. IN ASSOC. ORG.-CEEUS$1,442,682C
INVEST. IN CFC CTC'S$1,116,022C
INVEST. IN ASSOC. ORG.-COBANK$587,434C
INVEST. IN CFC-MEMBER TERM C$500,000C
INVEST. IN ASSOC. ORG.- FEDERA$435,389C
INVEST. IN ASSOC. ORG.-CFC$404,808C
OTHER$217,344C
FieldValueIRS element (for citing)
Total Book Value Program Rltd$10,676,198TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
CONSUMER DEPOSITS$1,744,505
REGULATORY LIABILITIES - ASC 980$1,500,000
DEFERRED CREDITS$9,140
FieldValueIRS element (for citing)
Total Liability$3,253,645TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$85,163,514TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$85,163,514RevenueSubtotalAmt
Other Revenues Not Included$1,500,000OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$1,500,000RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$86,663,514TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$81,280,742TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$81,280,742ExpensesSubtotalAmt
Other Expenses Not Included$5,382,772OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$5,382,772ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$86,663,514TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 4, PART XI, LINE 4BREGULATORY LIABILITY-ASC 980 1,500,000
SCHEDULE D, PAGE 4, PART XII, LINE 4BPATRONAGE CAPITAL CREDITS 5,382,772

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtBonus Filing OrganizationBonusFilingOrganizationAmountOther Compensation Filing OrgOtherCompensationFilingOrgAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmt
MICHAEL S FULLER
PRESIDENT & CEO$264,036$2,078$4,499$108,933$32,175$411,721
MICHAEL RALLINGS
VP ENGINEERING$131,516$2,078$5,583$64,623$13,069$216,869
JEFFERY SINGLETARY
VP MARKETING$123,129$2,078$5,166$59,250$30,468$220,091
JESSICA MASON
VP ACCOUNTING$124,173$2,078$666$60,603$30,516$218,036
LORI STUCKEY
VP MEMBER SERVICES$127,080$2,078$1,093$60,603$30,523$221,377
JACK R DEARHART III
VP OPERATIONS$127,212$2,078$8,444$60,603$30,517$228,854

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VPART 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 DISALLOWANCE RULES AS TAXABLE ENTITIES.
FORM 990, PAGE 6, PART VI, LINE 6THE 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 7ATHE 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 7BCERTAIN 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 11BFORM 990 IS REVIEWED BY THE BOARD WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM.
FORM 990, PAGE 6, PART VI, LINE 12CTHE 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 15ACOMPENSATION 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 15BCOMPENSATION 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 19THE 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 9PATRONAGE CAPITAL CREDIT RETIREMENTS 126,691 MEMBERSHIP FEES 15 OTHER COMPREHENSIVE INCOME -282,958 PATRONAGE CAPITAL CREDIT RETIREMENTS -3,238,943 PATRONAGE CAPITAL CREDITS 5,382,772 REGULATORY LIABILITY - ASC 980 -1,500,000 TOTAL 487,577

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1PEE DEE ELECTRICOM INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 491AddressLine1Txt
CityDARLINGTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29540ZIPCd
FieldValueIRS element (for citing)
EIN570787138EIN
Primary ActivitiesLAND DEVELPrimaryActivitiesTxt
Legal Domicile StateSCLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1PEE DEE ECBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeC CORPEntityTypeTxt
Share Of Total Income-$126,298ShareOfTotalIncomeAmt
Share Of EOY Assets$4,031,783ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (true)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
PEE DEE ELECTRICOM INC
Q$387,614COST
PEE DEE ELECTRICOM INC
P$737,525COST

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