2019-10-28T15:15:53-05:00 2018-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2018-01-01 570216285 NEWBERRY ELECTRIC COOPERATIVE INC NEWB 8032761121 PO BOX 477 NEWBERRY SC 29108 GEORGE KEITH AVERY PRESIDENT AND CEO 8032761121 2019-10-28 true WILLIAM R ROUNTREE P01231836 4787466277 2019-10-28 98.175.202.218 2019-10-28 15:15:53 CD P BE799C77261EE06AB1BFE677EC220712838153C6 165CA17AB532D5519A9F26DF7B7031333B36404A 2018 2020-01-14 16:20:31Z GEORGE KEITH AVERY PO BOX 477 NEWBERRY SC 29108 39280652 false X WWW.NEC.COOP X 1940 SC TO PROVIDE THE BEST ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AT THE LOWEST PRICE CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. 9 9 44 0 34 0 35422942 39174885 26385 23713 67154 82054 35516481 39280652 0 748416 1393540 596886 635131 0 0 34171179 37251981 35516481 39280652 0 69572071 77021825 49850110 55360641 19721961 21661184 TO PROVIDE THE BEST ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT THE LOWEST PRICE CONSISTENT WITH HIGHEST STANDARDS OF SERVICE. false false N/A false false true false false false false false false true false false false true false true 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 true X 42 0 true 44 true false false false false false 38363935 379032 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false SC X ARTHUR GUY 8032761121 PO BOX 477 NEWBERRY SC 29108 JOHNNIE L DICKERT CHAIRMAN 4.00 X X 36359 0 0 WILLIAM B LOMINICK SR VICE CHAIRMA 4.00 X X 37008 0 0 JOHN WAYNE NICHOLS SECRETARY/TR 4.00 X X 27340 0 0 DOUGLAS E HIPP DIRECTOR 4.00 X 37056 0 0 J CRAIG KESLER DIRECTOR 4.00 X 27884 0 0 LEON FULMER JR DIRECTOR 4.00 X 29117 0 0 BLAKE BRIGMAN DIRECTOR 4.00 X 29406 0 0 MELANIE B HAWKINS DIRECTOR 4.00 X 41306 0 0 CHARLES J BISHOP DIRECTOR 4.00 X 22162 0 0 GEORGE KEITH AVERY PRESIDENT AN 57.00 X 242512 0 119365 ARTHUR GUY VP OF FINANC 50.00 X 115388 0 53131 645538 172496 2 false true false LEE ELECTRICAL CONSTRUCTION INC PO BOX 55 ABERDEEN NC 28315 CONSTRUCTION 4931767 SOUTHEAST UTILITIES OF GEORGIA 1020 FRANKE INDUSTRIAL DR AUGUSTA GA 30909 FIBER 1793958 THE DAVEY TREE EXPERT CO PO BOX 709 KENT OH 44240 TREE SERVICE 1092587 COOPER POWER SYSTEMS LLC 29001 NETWORK PLACE CHICAGO IL 60673 ELECTRIAL EQUIP 685745 MCCALL-THOMAS ENGINEERING CO PO DRAWER 670 ORANGEBURG SC 29116 ENG. CONSULTING 221402 7 ELECTRIC REVENUE 38363935 38363935 PATRONAGE CAPITAL CREDITS 630983 630983 POLE RENTAL 179967 179967 39174885 23713 23713 NON-OPERATING FIBER 56354 56354 GAIN ON DISPOSITION OF PROP. 25700 25700 82054 39280652 39256939 23713 1393540 635131 1876162 3047615 PURCHASED POWER 24494856 DIST. MAINTENANCE 2496249 TAXES 1801131 ADMIN. AND GENERAL 1547237 1988731 39280652 0 0 0 947525 3340719 2953696 3807557 443588 431544 206323 158087 92946211 26758598 62445697 66187613 2575242 3091562 4743 69572071 77021825 2219906 3091493 40034178 38264810 7596026 14004338 49850110 55360641 X 19721961 21661184 19721961 21661184 69572071 77021825 X 0 1939223 X false true X true false 2500 true SCHEDULE C, PART I-A, LINE 1 MCMASTER FOR GOVERNOR 251566 251566 92694645 26758598 65936047 66187613 LINE OF CREDIT 11500000 DEFERRED CREDITS 1211609 CONSUMER DEPOSITS 712803 APBO 579926 14004338 39280652 39280652 39280652 39280652 39280652 39280652 SCHEDULE D, PAGE 4, PART XIII THE CORPORATION'S RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION (18CFR.PART 101) AS MODIFIED AND ADOPTED BY THE RURUAL UTILITIES SERVICE (RUS) IN 7.CFR.1767. THOSE PRACTICES UTILILZE ALLOCATION BASES. AS A RESULT, IT WOULD REQUIRE SIGNIFICANT EFFORT TO BREAK OUT EXPENSES IN THE FUNCTIONAL CATEGORIES PROVIDED FOR ON THE STATEMENT OF FUNCTIONAL EXPENSES. MANAGEMENT HAS OPTED TO CLASSIFY ITS EXPENSES ON PART IX OF THE FORM 990 IN THE SAME MANNER IT REPORTS ITS FINANCIAL RESULTS TO LENDERS, REGULATORS AND ITS MEMBER-OWNERS. X X X false false false GEORGE KEITH AVERY PRESIDENT AND CEO 231187 7138 4187 100264 19101 361877 ARTHUR GUY VP OF FINANCE 110274 3363 1751 44015 9116 168519 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 MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN THE 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 THE BOARD POLICY THAT IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE MEETS ANNUALLY TO REVIEW THE PERFORMANCE OF THE PRESIDENT AND CEO. THEY UTILIZE NRECA SALARY DATA FOR COMPARISON AND MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS DISCUSSES AND VOTES ON THE RECOMMENDATIONS OF THE EXECUTIVE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED THROUGH THE USE OF A WAGE AND SALARY PLAN ADMINISTERED BY THE CEO AND 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 AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI, SECTION C, LINE 18. FORM 990, PART XI, LINE 9 PATRONAGE CAPITAL 1,393,540 MEMBERSHIP FEES 120 OCI 1,212,560 OTHER EQUITIES 15,446 RETIREMENT OF CAPITAL CREDITS -682,443 TOTAL 1,939,223