2019-11-13T13:11:28-06:00 2018-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2018-01-01 560123345 PEE DEE ELECTRIC MEMBERSHIP CORP PEED 7046942114 575 US HIGHWAY 52 SOUTH WADESBORO NC 28170 DONALD H SPIVEY CEO & EXEC. VP 7046942114 2019-10-31 true G STEVEN GILLIAM CPA P00348264 8043231313 2019-10-31 72.84.234.34 2019-11-13 13:11:28 CS P A38C500A137E87FB684E3EE204C6EE02D152B08E 61A6FECD8215AA087FF7745E3D605B7EF8D8F4B6 2018 2020-04-17 16:48:07Z DONALD H SPIVEY 575 US HIGHWAY 52 SOUTH WADESBORO NC 28170 49603460 false X WWW.PDEMC.COM X 1939 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF PDEMC 10 10 71 0 102999 1587556 44006993 47283400 547215 417393 1908248 289921 46565455 49578270 83943 161301 3533463 3796851 6901439 7408508 0 0 35886692 39701181 46405537 51067841 159918 -1489571 118939463 124687705 61267222 63941052 57672241 60746653 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF PDEMC false false SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF PDEMC. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 29,887,645 OTHER SALARIES AND WAGES 4,823,376 DEPRECIATION AND AMORTIZATION 4,606,047 false false false false false false false false false true false true true 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 false false false true 29 0 true 71 true false false false false true false 47196478 2117418 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 NC X THE CORPORATION 7046942114 575 HWY 52 SOUTH WADESBORO NC 28170 RICHARD JOHNSON PRESIDENT 7.00 X X 13552 0 0 RICHARD V MELTON DIRECTOR 5.00 X 9055 0 0 BENJAMIN LYBRAND DIRECTOR 5.00 X 8771 0 0 BENJAMIN MCCALLUM JR DIRECTOR 4.00 X 8375 0 0 DONALD A THOMPSON VICE PRESIDE 2.00 X X 6403 0 0 MARCIA A LAMBETH DIRECTOR 3.00 X 6265 0 0 MILLARD E RUSSELL SEC. / TREAS 1.00 X X 4842 0 0 WINNIE M BENNETT DIRECTOR 2.00 X 4775 0 0 ROBERT C DAVIS JR DIRECTOR 1.00 X 3035 0 0 CRAIG RATLIFF DIRECTOR 1.00 X 2941 0 0 DONALD H SPIVEY CEO & EXEC. 40.00 X 225270 0 127322 ANTHONY EASON VP ENG. & OP 40.00 X 137789 0 28204 PHILLIP MABRY CFO 40.00 X 123376 0 55042 554449 210568 3 false true false XYLEM 208 E PLUME ST SUITE 250 NORFOLK VA 23510 RIGHT OF WAY 1249882 SOUTHEASTERN DATA COOP INC 100 ASHFORD CENTER NORTH ATLANTA GA 30338 COMP. SOFTWARE 487807 TEMPEST ENERGY 568 BLUE HERON LN MADISONVILLE LA 70447 CONSTRUCT CONTR 331818 LEE ELECTRICAL CONSTRUCTION 12828 US-501 ABERDEEN NC 28315 CONSTRUCT CONTR 283433 PIKE ELECTRIC LLC 100 PIKE WAY MT AIRY NC 27030 CONSTRUCT CONTR 237066 8 1475100 112456 1587556 SALE AND DIST. OF ELECT. 221000 47084022 47084022 PATRONAGE ALLOC. RECEIVED 221000 146702 146702 CONTRIB. IN AID OF CONST. 221000 52676 52676 47283400 350985 350985 216731 216731 216731 216731 91598 25190 66408 66408 66408 EARNINGS FROM EQ. INV. 72833 72833 OTHER 357 357 73190 49578270 47356590 634124 X 161301 3796851 765017 4823376 886767 508562 424786 46614 1007030 302705 1471126 4606047 COST OF POWER 29887645 DISTRIBUTIION MAINTENANCE 3548026 ADMIN & GENERAL 1686040 CONSUMER ACCOUNTS 475139 -3329191 51067841 0 0 0 19403 66512 4291791 2676160 9596556 12580091 1651934 1639342 2389986 1840801 129186887 40252905 85020664 88933982 8373833 9476362 7595296 7474455 118939463 124687705 3762303 3963005 44021368 46517779 13483551 13460268 61267222 63941052 X 57672241 60746653 57672241 60746653 118939463 124687705 X -1489571 4563983 X false true X true true true 878825 878825 128308062 40252905 88055157 88933982 PATRONAGE CAPITAL CERTIFICATES 8520306 C CAPITAL TERM CERTIFICATES 769159 C OTHER 182397 C MEMBERSHIP FEES 4500 C 9476362 EQUITY INVESTMENTS 5987878 WCMA INVESTMENTS 1486577 7474455 APBO 7479481 DEFERRED CREDITS 4140031 OTHER CURRENT LIABILITIES 1196253 CONSUMER DEPOSITS 644503 13460268 X 49945593 1895099 1895099 48050494 1527776 1527776 49578270 45634589 45634589 5433252 5433252 51067841 SCHEDULE D, PAGE 3, PART X THE CORPORATION FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE CORPORATION 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 2D ADJ. FOR CASH PAT. REC. 1,093,420 BOOK TAX DIFFERENCE SANDHILLS UTILITY SERV 914,135 CARE TO SHARE RECLASS -112,456 SCHEDULE D, PAGE 4, PART XI, LINE 4B CIAC 52,676 FEMA 1,475,100 SCHEDULE D, PAGE 4, PART XII, LINE 4B CARE TO SHARE ACTIVITY 161,301 PAT. DIV. PAID TO MEMBERS 3,796,851 FEMA 1,475,100 false LAUREL HILL FIRE DEPT 9400 OLD WIRE RD LAUREL HILL NC 28351 581319210 7500 FMV EQUIPMENT PURCHASE RICHMOND CO RESCUE SQUAD 1004 ROCKINGHAM RD ROCKINGHAM NC 28379 237441293 7500 FMV EQUIPMENT PURCHASE LILESVILLE FIRE DEPT 202 WEST WALL STREET LILESVILLE NC 28091 566001267 6900 FMV EQUIPMENT PURCHASE EAST ROCKINGHAM FIRE DEPT 487 AIRPORT RD ROCKINGHAM NC 28379 561120480 7500 FMV EQUIPMENT PURCHASE WADESBORO FIRE DEPT 205 E MORGAN ST WADESBORO NC 28170 566001358 7500 FMV EQUIPMENT PURCHASE HOFFMAN FIRE & RESCUE 3373 N US HWY 1 HOFFMAN NC 28347 581632477 7500 FMV EQUIPMENT PURCHASE NORTHSIDE VFD 209 BEAR BRANCH RD ROCKINGHAM NC 28379 581399307 7500 FMV EQUIPMENT PURCHASE CANDOR VFD 142 SOUTH SCHOOL ST CANDOR NC 27229 561382772 7500 FMV EQUIPMENT PURCHASE BEAVER LANE VFD PO BOX 397 MARSHVILLE NC 28103 561357773 7050 FMV EQUIPMENT PURCHASE PERKIN VFD 5321 PEKIN RD MOUNT GILEAD NC 27306 561544144 6900 FMV EQUIPMENT PURCHASE SEVEN LAKS FIRE RESCUE & EMS 718 SEVEN LAKES DR WEST END NC 27376 561165519 7500 FMV EQUIPMENT PURCHASE LANES CREEK VFD 7608 LANDSFORD RD MONROE NC 28112 561534520 7500 FMV EQUIPMENT PURCHASE X X X X X false false false DONALD H SPIVEY CEO & EXEC. VP 225270 114665 12657 352592 ANTHONY EASON VP ENG. & OPERATIONS 137789 24365 3839 165993 PHILLIP MABRY CFO 123376 51203 3839 178418 FORM 990 FORM 990, PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS PATRONAGE DIVIDENDS PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE- EXISTING OBLIGATION IN PEE DEE 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. ACCORDINGLY, THESE AMOUNTS ARE NOW REPORTED ON LINE 4. FORM 990, PART IX, TRAVEL COSTS TRAVEL COSTS INCLUDE THE EXPENSES OF PURCHASING, LEASING, OPERATING, AND REPAIRING ANY VEHICLES OWNED BY THE CORPORATION AND USED IN THE CORPORATION'S ACTIVITIES. TRAVEL COSTS ALSO INCLUDE TRANSPORTATION COSTS, MEALS AND LODGING, AND PER DIEM PAYMENTS. FORM 990, PAGE 6, PART VI, LINE 6 PEE DEE 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 IS THE GOVERNING BODY OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS OF PEE DEE EMC 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 THE CEO PROVIDES A COPY OF THE 990 TO THE FINANCE COMMITTEE AND GOVERNING BODY PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C EACH DIRECTOR, OFFICER AND KEY EMPLOYEE MUST ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST FORM. FORM 990, PAGE 6, PART VI, LINE 15A THE GOVERNING BODY HAS A COMPENSATION COMMITTEE THAT REVIEWS THE CEO'S PERFORMANCE ANNUALLY AND RECOMMENDS SALARY CHANGES TO THE BOARD. AS PART OF THIS REVIEW, THE COMMITTEE CONSIDERS THE RECOMMENDATIONS FROM THE OUTSIDE SALARY CONSULTANT AND OTHER STATEWIDE COMPARISON DATA FROM ELECTRIC COOPERATIVES THROUGHOUT THE STATE. THE CEO REVIEWS AND RECOMMENDS SALARY CHANGE. FORM 990, PAGE 6, PART VI, LINE 15B THE CEO REVIEWS AND RECOMMENDS SALARY CHANGES FOR OTHER OFFICERS AND KEY EMPLOYEES TO THE COMPENSATION COMMITTEE FOR APPROVAL BASED ON THE RECOMMENDATION OF AN OUTSIDE SALARY CONSULTANT. FORM 990, PAGE 6, PART VI, LINE 19 FINANCIAL DATA IS PROVIDED TO THE MEMBERSHIP AT THE ANNUAL MEETING AND ALSO INCLUDED ON THE COOPERATIVE'S WEBSITE. IN ADDITION, THE ANNUAL REPORT IS PROVIDED TO THE MEMBERSHIP IN THE COOP'S MONTHLY MAGAZINE. OTHER GOVERNING DOCUMENTS INCLUDING THE FORM 990 ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 NONCASH PATRONAGE ALLOCATIONS NOT REV PER IRS 1,093,420 PAT. DIV. PAID TO MEMBERS' ACCTS NOT EXP PER GAAP 3,796,851 BOOK TAX DIFFERENCE SANDHILLS UTILITY SVCS 914,135 CARE TO SHARE ACTIVITY 48,845 CIAC NOT REVENUE PER GAAP -52,676 NET RETIREMENT OF CAPITAL CREDITS -1,147,677 OCI ADJUSTMENT -88,915 TOTAL 4,563,983