2025-05-01T10:56:11-04:00 2023-11-10 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2023-01-01 570204115 MARLBORO ELECTRIC COOPERATIVE INC MARL 8434793855 PO BOX 100561 FLORENCE SC 29502 WILLIAM L FLEMING JR PRES CEO MECI 8434793855 2024-05-28 true true RICHARD A WHITTEN JR P00606339 4787466277 2025-05-01 2023 2025-03-06 01:10:19Z X WILLIAM L FLEMING JR PO BOX 100561 FLORENCE SC 29502 77283101 false X WWW.MARLBOROELECTRIC.NET 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. X 9 9 0 0 0 79766133 76531641 97172 157063 -1261672 594397 78601633 77283101 0 4216271 8439070 0 0 0 74385362 69740375 78601633 78179445 -896344 61965367 0 21122130 0 40843237 0 X 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 true 69740375 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. 69740375 false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false true true true false true 14 0 true 0 false false false false false 76230418 1949027 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 MARLBORO ECI 8434793855 PO BOX 100561 FLORENCE SC 29502 SAM P MCINNIS JR CHAIRMAN 10.00 X X 31963 0 0 JOHN M ALFORD VICE CHAIRMA 10.00 X X 18000 0 0 DONALD J QUICK SEC./TREASUR 10.00 X X 33357 0 0 WILLIAM M CARABO TRUSTEE 10.00 X 18000 0 0 JANELLE C SAULS TRUSTEE 10.00 X 18000 0 0 CHARLES R SMITH TRUSTEE 10.00 X 18000 0 0 WILLIAM R QUICK TRUSTEE 10.00 X 18000 0 0 EDGAR M GORDON TRUSTEE 10.00 X 19700 0 0 JAMES T GRANT TRUSTEE 10.00 X 12600 0 0 WILLIAM L FLEMING JR PRES CEO MEC 50.00 X 0 0 0 ANNIE CROWLEY CFO 50.00 X 0 0 0 PAUL CONWAY COUNSEL 50.00 X 0 0 0 187620 false false false WOMBLE BOND DICKINSON (US) LLP PO BOX 601879 CHARLOTTE NC 28260 LEGAL 116536 1 ELECTRIC REVENUE 221000 76230418 76230418 PATRONAGE CAPITAL CREDITS 221000 301223 301223 76531641 157063 157063 GAIN ON PRB TO MPD 519130 1459217 1459217 POST RETIREMENT BENEFIT 221000 31524 31524 SUBSIDIARY EARNINGS -896344 -896344 594397 77283101 78022382 -739281 8439070 290825 149781 PURCHASED POWER 50647250 DISTRIBUTION OPERATIONS 7418904 ADMIN. & GENERAL EXP. 5924579 DISTRIBUTION MAINTENANCE 4403172 905864 78179445 0 0 0 1953278 29237750 80625 708686 4005703 20246250 5710719 22356 61965367 0 5817038 4273842 11031250 21122130 0 X 40843237 40843237 0 61965367 0 X -896344 -39946893 X false false false CASH 2023-11-10 2134369 BK VALUE 854014392 MPD ELECTRIC COOP PO BOX 100561 FLORENCE SC 29502 501(C)(12) RECEIVABLES - TRADE 2023-11-10 32415714 BK VALUE 854014392 MPD ELECTRIC COOP PO BOX 100561 FLORENCE SC 29502 501(C)(12) INVENTORY 2023-11-10 3173 BK VALUE 854014392 MPD ELECTRIC COOP PO BOX 100561 FLORENCE SC 29502 501(C)(12) PREPAID EXPENSES 2023-11-10 548005 BK VALUE 854014392 MPD ELECTRIC COOP PO BOX 100561 FLORENCE SC 29502 501(C)(12) PROPERTY & EQUIPMENT 2023-11-10 3693741 BK VALUE 854014392 MPD ELECTRIC COOP PO BOX 100561 FLORENCE SC 29502 501(C)(12) INVESTMENTS 2023-11-10 19177359 BK VALUE 854014392 MPD ELECTRIC COOP PO BOX 100561 FLORENCE SC 29502 501(C)(12) INVESTMENTS - PROG 2023-11-10 5770194 BK VALUE 854014392 MPD ELECTRIC COOP PO BOX 100561 FLORENCE SC 29502 501(C)(12) OTHER ASSETS 2023-11-10 9967868 BK VALUE 854014932 MPD ELECTRIC COOP PO BOX 100561 FLORENCE SC 29502 501(C)(12) true false false false true true false false SCHEDULE N PART I, Q2(A): ALL OF THE DIRECTORS OF MARLBORO ELECTRIC COOPERATIVE, INC. BECAME DIRECTORS OF MPD ELECTRIC COOPERATIVE., THE SUCCESSOR ORGANIZATION. MR. FLEMING, AN OFFICER OF MARLBORO ELECTRIC COOPERATIVE, INC. BECAME AN OFFICER OF MPD ELECTRIC COOPERATIVE. PART II, Q5: ON 11/10/23, MARLBORO ELECTRIC COOPERATIVE, INC. MERGED (IN A STATUTORY MERGER UNDER IRC SEC 368(A)) WITH MPD ELECTRIC COOPERATIVE, INC. MPD ELECTRIC COOPERATIVE, INC. WAS THE SURVIVING CORPORATION. MPD ELECTRIC COOPERATIVE, INC. ABSORBED ALL OF THE ASSETS AND LIABILITIES OF MARLBORO ELECTRIC COOPERATIVE, INC. A COPY OF THE MERGER DOCUMENTS IS ATTACHED. FORM 990, PAGE 2, PART III, LINE 3 ON 11/10/23, MARLBORO ELECTRIC COOPERATIVE, INC. MERGED (IN A STATUTORY MERGER UNDER IRC SEC 368(A)) WITH MPD ELECTRIC COOPERATIVE, INC. MPD ELECTRIC COOPERATIVE, INC. WAS THE SURVIVING CORPORATION. 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 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 PAID BY THE MPD, INC., THE COOPERATIVE THAT PROVIDES MANAGEMENT SERVICES. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE CEO. 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 MEMBERSHIP FEES 125 OTHER COMPREHENSIVE INCOME 1,563,980 PATRONAGE CAPITAL CREDITS 3,840,740 2023 CAPITAL CREDIT 8,439,070 CAPITAL CREDIT RETIREMENT -1,140 CAPITAL CREDIT RETIREMENT - PY -4,216,270 ASSETS TRANSFERRED TO MPD ELECTRIC COOP IN MERGER -49,573,398 TOTAL -39,946,893 MARLBORO DEVELOPMENT TEAM INC 254 15-401BYPASS EAST BENNETTSVILLE SC 29512 463147291 DEVELOPMEN SC MARLBORO C CORP 26859403 106184068 1.00000 false false false false true false false false false false false false false false false false true true false false MARLBORO DEVELOPMENT TEAM D 30178697 COST MARLBORO DEVELOPMENT TEAM P 19592 COST MARLBORO DEVELOPMENT TEAM Q 3555 COST