2024-08-01T09:09:28-04:00 2023-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2023-01-01 560993598 TIDELAND ELECTRIC MEMBERSHIP CORPORATION TIDE 2529433046 PO BOX 159 PANTEGO NC 27860 PAUL G SPRUILL CEO 2529433046 2024-07-30 true true G STEVEN GILLIAM CPA P00348264 8043231313 2024-07-31 2023 2024-08-08 14:25:15Z PAUL G SPRUILL PO BOX 159 PANTEGO NC 27860 52378506 false X WWW.TIDELANDEMC.COM X 1941 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF TEMC 10 10 69 0 99098 0 51853122 52056531 123337 162426 62748 159549 52138305 52378506 11451 16107 4260578 2808285 7122817 7340881 0 0 41117183 41784252 52512029 51949525 -373724 428981 160063716 158206802 100424804 95662586 59638912 62544216 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF TEMC false false SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS OF TEMC. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER 28,432,588 DEPRECIATION 5,176,206 OTHER SALARIES AND WAGES 4,947,644 false false false false false false false false false true false true false 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 true true true false true 62 0 true 69 true false false false false false 50686956 1559001 false false false X 10 10 false false false false false true true true true false false true true true true true true true true false X TIDELAND EMC 2529433046 PO BOX 159 PANTEGO NC 27860 PAUL G SPRUILL CEO 40.00 X 253622 0 65847 JIM CHRISMAN CFO 40.00 X 185609 0 44537 STEVEN HARRIS LINE SUPERIN 40.00 X 133290 0 59546 MYRA BEASLEY HR/RISK MGMT 40.00 X 133056 0 50578 MICHAEL MARSLENDER LINE SUPERIN 40.00 X 117722 0 56848 KAREN HEFFLEY CONTROLLER 40.00 X 104963 0 67418 HEIDI SMITH MGR. ENERGY 40.00 X 107530 0 60738 CHARLES SLADE DIRECTOR 7.00 X 18100 0 0 WAYNE SAWYER DIRECTOR 11.00 X 17700 0 0 J DOUGLAS BRINSON PRESIDENT 17.00 X X 16300 0 0 DAVID IPOCK TREASURER 7.00 X X 14900 0 0 MARK CARAWAN SECRETARY 8.00 X X 14300 0 0 GARRY JORDAN DIRECTOR 7.00 X 13900 0 0 CLIFTON PAUL VICE PRESIDE 5.00 X X 13600 0 0 RUDY AUSTIN DIRECTOR 6.00 X 13400 0 0 PAUL SASNETT DIRECTOR 6.00 X 12700 0 0 DAWSON PUGH DIRECTOR 5.00 X 12000 0 0 1182692 405512 12 false true false JOHN LUCAS TREE EXPERT PO BOX 958 PORTLAND ME 04105 TREE REMOVAL 1503837 LEE ELECTRICAL CONST INC PO BOX 55 ABERDEEN NC 28315 POWER LINE CONS 1246155 RIVER CITY CONSTRUCTION INC 100 ASHFORD CENTER NORTH SUITE 500 ATLANTA GA 30338 POWER LINE CONS 712948 SOUTHEASTERN DATA COOP INC 7756 COLLEGE RD STE 150 BAXTER MN 56425 SOFTWARE 544442 GUNNISON TREE SERVICES LLC 100 FOX HAVEN DRIVE GREENVILLE NC 27858 TREE REMOVAL 468260 12 SALE OF ELECTRICITY 221000 50686956 50686956 CONTRIBUTIONS IN AID 221000 1185140 1185140 CAPITAL CREDITS RECEIVED 221000 184435 184435 52056531 162426 162426 27000 132549 27000 132549 159549 27000 132549 52378506 52083531 294975 X 16107 2808285 696515 4947644 1091870 173902 430950 35670 1449946 95322 2163763 5176206 COST OF POWER 28432588 DISTRIBUTION MAINTENANCE 3286125 ADMIN AND GENERAL 2039467 DISTRIBUTION OPERATION 1791861 -2686696 51949525 0 0 0 2866814 1909431 4551468 1680805 5229155 5516373 2623890 2261283 2886791 3558514 215197 493664 167586116 38871973 127753226 128714143 767629 12431496 13348070 738050 724519 160063716 158206802 4216822 3082410 81265273 79509450 14942709 13070726 100424804 95662586 X 59638912 62544216 59638912 62544216 160063716 158206802 X 428981 2476323 X false true X true false 1457308 1457308 166128808 38871973 127256835 128714143 PATRONAGE CAPITAL - NCEMC 10832227 C PATRONAGE CAPITAL - TEMA 1064388 C INVESTMENT IN CFC-CTCS 771984 C PATRONAGE CAPITAL - CFC 679471 C 13348070 DEFERRED CREDITS 6158469 POST RETIREMENT BENEFITS 3914481 OTHER ACCRUED LIABILITIES 1361992 CONSUMER DEPOSITS 1035784 ECONOMIC DEVELOPMENT GRANT 600000 13070726 X 52068695 52068695 309811 309811 52378506 49106112 49106112 2843413 2843413 51949525 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE COOPERATIVE HAS DETERMINED THAT IS 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 4B CIAC NOT REVENUE PER GAAP 1,185,140 NON-CASH PAT. ALLOC. -910,457 EXPENSES NETTED WITH OTHER INCOME 35,128 SCHEDULE D, PAGE 4, PART XII, LINE 4B PAT. DIV. PAID TO MEMBERS 2,808,285 EXPENSES NETTED WITH OTHER INCOME 35,128 false TIDELAND ELEC CARE TRUST 25831 HWY 264 EAST PANTEGO NC 27860 562118287 501C3 6949 9158 FMV CHARITABLE AND EDUCA X X X X false false false PAUL G SPRUILL CEO 253340 282 52720 13127 319469 JIM CHRISMAN CFO 178163 246 7200 31410 13127 230146 STEVEN HARRIS LINE SUPERINTENDENT 132996 294 46419 13127 192836 MYRA BEASLEY HR/RISK MGMT/SAFETY 132498 558 37451 13127 183634 MICHAEL MARSLENDER LINE SUPERINTENDENT 117236 486 43721 13127 174570 KAREN HEFFLEY CONTROLLER 104597 366 54291 13127 172381 HEIDI SMITH MGR. ENERGY SERVICES 107020 510 47611 13127 168268 FORM 990 PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS: PATRONAGE DIVIDENDS ARE PAID TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE EXISTING OBLIGATION IN TIDELAND 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. FORM 990, PART VI EXPLANATION OF CLASSES OF MEMBERS OR SHAREHOLDER: TIDELAND 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 SERVES AS THE GOVERNING BODY OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS OF THE GOVERNING BOARD ARE ELECTED BY THE MEMBERSHIP AT THE ANNUAL MEMBERSHIP MEETING. EACH MEMBER RECEIVES ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B THE GOVERNING BODY'S DECISIONS ARE RATIFIED BY THE GENERAL MEMBERSHIP AT THE ANNUAL MEMBERSHIP MEETING. FORM 990, PAGE 6, PART VI, LINE 11B THE CEO AND MANAGER OF FINANCE REVIEW THE 990 WITH THE GOVERNING BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS AHEAD OF EACH MONTHLY BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 15A CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS AFTER A COMPARISON WITH SURVEYS, CONSULTANTS, AND OTHER SIMILAR ORGANIZATIONS. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES ARE DETERMINED BY THE CEO AFTER CONSULTATION WITH HUMAN RESOURCES AND REVIEWS OF SURVEYS, CONSULTANTS, AND OTHER SIMILAR ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 15B CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS AFTER A COMPARISON WITH SURVEYS, CONSULTANTS, AND OTHER SIMILAR ORGANIZATIONS. COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE CEO AFTER CONSULTATION WITH HUMAN RESOURCES AND REVIEWS OF SURVEYS, CONSULTANTS, AND OTHER SIMILAR ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL DATA IS PRESENTED TO THE MEMBERS AT THE ANNUAL MEETING AND IS ALSO INCLUDED IN THE 990, WHICH IS ALSO AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 NON-CASH PATRONAGE ALLOC NOT REV PER IRS 910,457 OTHER COMPREHENSIVE GAIN 1,129,341 PATRONAGE DIV PAID TO MEMBER'S ACCTS 2,808,285 CIAC NOT REVENUE PER GAAP -1,185,140 RETIREMENT OF CAPITAL CREDITS -1,186,620 TOTAL 2,476,323 TIDELAND ELECTRIC CARE TRUST INC 25831 HIGHWAY 264 EAST PANTEGO NC 27860 562118287 CHARITABLE NC 3 7 TIDELAND TIDELAND EMC true false true false false false false false false false false false false false false false false false false true TIDELAND ELECTRIC CARE TRUST INC B 6949 FMV TIDELAND ELECTRIC CARE TRUST INC S 23955 FMV