2019-11-07T14:11:44-06:00 2018-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2018-01-01 570223728 PEE DEE ELECTRIC COOPERATIVE INC PEED 8436654070 PO BOX 491 DARLINGTON SC 29540 MICHAEL S FULLER PRESIDENT & CEO 8436654070 2019-11-07 true BRYAN A ISGETT P01441928 4787466277 2019-11-07 98.175.202.218 2019-11-07 14:11:44 CS P BE799C77261EE06AB1BFE677EC220712838153C6 165CA17AB532D5519A9F26DF7B7031333B36404A 2018 2020-03-31 21:24:44Z MICHAEL S FULLER PO BOX 491 DARLINGTON SC 29540 86663514 false X PEEDEEELECTRIC.COM X 1939 SC 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. 11 11 90 0 3782 0 79207674 85806661 1336940 983149 -36834 -126296 80507780 86663514 0 3605815 5382772 663534 634767 0 0 76238431 80645975 80507780 86663514 0 163841906 165656949 90146577 91474043 73695329 74182906 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. false false N/A false false false false false false false false false true false true false true false false true false false false false false false false false false false false true false false false false false false false false false false false true false false true X 146 0 true 90 true false false false false false 85125065 1135255 false false false X 11 11 false false false false true true true true true false false true true true true true true true true false SC X PEE DEE ELECTRIC COOPERATIVE 8436654070 PO BOX 491 DARLINGTON SC 29540 JAMES A GOODSON JR CHAIRMAN 12.00 X X 30915 0 0 PRESTON GAINEY VICE CHAIRMA 10.00 3.00 X X 16247 0 0 PATRICIA THOMAS-TONEY SEC./TREAS 12.00 X X 11697 0 0 DAVID HOWELL TRUSTEE 12.00 X 26795 0 0 ROBERT NORTON TRUSTEE 10.00 X 13647 0 0 HAMER PARNELL TRUSTEE 8.00 X 30565 0 0 WILLIAM F ROGERS JR TRUSTEE 12.00 X 12107 0 0 FREDERICK LASHON SELLERS TRUSTEE 11.00 X 14147 0 0 DON TEAL TRUSTEE 10.00 X 31856 0 0 LEE WHITE TRUSTEE 10.00 X 35070 0 0 MICHAEL S FULLER PRESIDENT & 50.00 5.00 X 270613 0 141108 MICHAEL RALLINGS VP ENGINEERI 45.00 X 139177 0 77692 JEFFERY SINGLETARY VP MARKETING 50.00 2.00 X 130373 0 89718 JESSICA MASON VP ACCOUNTIN 42.00 X 126917 0 91119 LORI STUCKEY VP MEMBER SE 40.00 X 130251 0 91126 JACK R DEARHART III VP OPERATION 55.00 X 137734 0 91120 1158111 581883 12 false true false JIMMIE'S TREE SERVICE 753 BROCKINGTON RD KINGSTREE SC 29556 FORESTRY 582662 FVS LLC 817 PHILLIPS ROAD WALTERBORO SC 29488 108952 2 ELECTRICITY SALES 221000 85125065 85125065 POLE RENTAL 221000 534947 534947 PATRONAGE CAPITAL CREDITS 221000 146649 146649 85806661 983149 983149 SUBSIDIARY INCOME -126296 -126296 -126296 86663514 85271714 1391800 5382772 5382772 634767 634767 2150535 2150535 5492689 5492689 PURCHASED POWER 55197573 55197573 DISTRIBUTION MAINTENANCE 5949233 5949233 DISTRIBUTION OPERATIONS 4344671 4344671 ADMIN & GENERAL EXPENSE 4032883 4032883 3478391 3478391 86663514 86663514 0 0 558260 1411245 10500000 12642008 10630416 9315021 7021774 3521880 1342920 1441451 11831481 14184616 181021852 74309009 103889485 106712843 1989824 10470035 10676198 5607711 5751687 163841906 165656949 7797288 8689443 80608786 79530955 1740503 3253645 90146577 91474043 X 127775 127790 73567554 74055116 73695329 74182906 163841906 165656949 X 0 487577 X false true X true false 777552 777552 9551870 5651157 3900713 170692430 68657852 102034578 106712843 INVEST. IN ASSOC. ORG.-CENTRAL 3258016 C ACCUMULATED EQUITY 2714503 C INVEST. IN ASSOC. ORG.-CEEUS 1442682 C INVEST. IN CFC CTC'S 1116022 C INVEST. IN ASSOC. ORG.-COBANK 587434 C INVEST. IN CFC-MEMBER TERM C 500000 C INVEST. IN ASSOC. ORG.- FEDERA 435389 C INVEST. IN ASSOC. ORG.-CFC 404808 C OTHER 217344 C 10676198 CONSUMER DEPOSITS 1744505 REGULATORY LIABILITIES - ASC 980 1500000 DEFERRED CREDITS 9140 3253645 85163514 85163514 1500000 1500000 86663514 81280742 81280742 5382772 5382772 86663514 SCHEDULE D, PAGE 4, PART XI, LINE 4B REGULATORY LIABILITY-ASC 980 1,500,000 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 5,382,772 X X X false false false MICHAEL S FULLER PRESIDENT & CEO 264036 2078 4499 108933 32175 411721 MICHAEL RALLINGS VP ENGINEERING 131516 2078 5583 64623 13069 216869 JEFFERY SINGLETARY VP MARKETING 123129 2078 5166 59250 30468 220091 JESSICA MASON VP ACCOUNTING 124173 2078 666 60603 30516 218036 LORI STUCKEY VP MEMBER SERVICES 127080 2078 1093 60603 30523 221377 JACK R DEARHART III VP OPERATIONS 127212 2078 8444 60603 30517 228854 FORM 990, PART V 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 DISALLOWANCE RULES AS TAXABLE ENTITIES. 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 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 PEE DEE ELECTRICOM INC PO BOX 491 DARLINGTON SC 29540 570787138 LAND DEVEL SC PEE DEE EC C CORP -126298 4031783 1.00000 false false false false false false false false false false false false false false false false true true false false PEE DEE ELECTRICOM INC Q 387614 COST PEE DEE ELECTRICOM INC P 737525 COST