2025-04-30T16:48:53-04:00 2023-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2023-01-01 854014392 MPD ELECTRIC COOPERATIVE INC MPDE 8434793855 PO BOX 100561 FLORENCE SC 29502 WILLIAM L FLEMING JR PRESIDENT (CEO) 8434793855 2025-04-28 true true RICHARD A WHITTEN JR P00606339 4787466277 2025-04-30 2023 2025-03-06 01:10:19Z WILLIAM L FLEMING JR PO BOX 100561 FLORENCE SC 29502 70674045 false X MPD.COOP X 2020 SC FROM 1/1/23 - 11/10/23: PROVIDING ELECTRICITY DISTRIBUTION SERVICES TO ITS TWO SEC. 501(C)(12) MEMBERS. FROM 11/10/23 - 12/31/23: PROVIDING COMPLETE ELECTRIC SERVICE TO THE FORMER MEMBERS OF PEE DEE ELECTRIC COOPERATIVE AND MARLBORO ELECTRIC COOPERATIVE. SEE SCH O AND MERGER DOCUMENTS ATTACHED. 18 18 120 0 0 23305384 73325245 1976 102948 -2754148 23307360 70674045 0 733709 5103060 2360982 5535670 0 0 20212669 63903082 23307360 74541812 -3867767 212788185 372979249 155790292 229066383 56997893 143912866 X FROM 1/1/23 - 11/10/23: PROVIDING ELECTRICITY DISTRIBUTION SERVICES TO ITS TWO SEC. 501(C)(12) MEMBERS. FROM 11/10/23 - 12/31/23: PROVIDING COMPLETE ELECTRIC SERVICE TO THE FORMER MEMBERS OF PEE DEE ELECTRIC COOPERATIVE AND MARLBORO ELECTRIC COOPERATIVE. SEE SCH O AND MERGER DOCUMENTS ATTACHED. true true 41168492 TO PROVIDE ELECTRICITY DISTRIBUTION SERVICES TO ITS TWO SEC. 501(C)(12) MEMBERS. 34444098 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. 75612590 false false false false false false false false false true false false true true false false false 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 162 0 true 120 true false false false false false 71085545 131893 false false false X 18 18 false false false false true true true true true false false true true true true true true true true false SC X ANNIE CROWLEY 8434542866 PO BOX 100561 FLORENCE SC 29502 WILLIAM L FLEMING JR PRESIDENT (C 40.00 X 570863 0 0 PAUL CONWAY OFFICER 40.00 X 499881 0 0 ANNIE CROWLEY CFO 40.00 X 383663 0 0 JEFFREY B SINGLETARY OFFICER 40.00 X 352299 0 0 LORI A STUCKEY CHIEF CONSUM 40.00 X 347123 0 0 JESSICA MASON VP, ACCOUNTI 40.00 X 345595 0 0 ROBERT B FLEMING CHIEF OPERAT 40.00 X 345594 0 0 SAM P MCINNIS JR VICE CHAIRMA 2.00 X X 17543 0 0 DONALD JEFF QUICK DIRECTOR 2.00 X 16941 0 0 LEE C WHITE DIRECTOR 2.00 X 16906 0 0 DAVID HOWELL DIRECTOR 2.00 X 15740 0 0 JOHN ALFORD DIRECTOR 2.00 X 14750 0 0 MELVIN CARABO DIRECTOR 2.00 X 14750 0 0 PRESTON GAINEY DIRECTOR 2.00 X 14750 0 0 JAMES A GOODSON CHAIRMAN 2.00 X X 14750 0 0 EDGAR GORDON DIRECTOR 2.00 X 14750 0 0 ROBERT NORTON DIRECTOR 2.00 X 14750 0 0 HAMER PARNELL DIRECTOR 2.00 X 14750 0 0 W RONALD QUICK DIRECTOR 2.00 X 14750 0 0 WILLIAM F BUSTER ROGERS DIRECTOR 2.00 X 14750 0 0 JANELLE SAULS DIRECTOR 2.00 X 14750 0 0 F LASHON SELLERS DIRECTOR 2.00 X 14750 0 0 RICKY SMITH DIRECTOR 2.00 X 14750 0 0 DON R TEAL DIRECTOR 2.00 X 14750 0 0 PATRICK ANN TONEY SECRETARY/TR 2.00 X X 14750 0 0 JAMIE T GRANT DIRECTOR 2.00 X 7350 0 0 3372551 7 false true false BE&K BUILDING GROUP 201 EAST MCBEE AVENUE STE 400 GREENVILLE SC 29601 CONSTRUCTION 23407813 ELEMENTUM INTERIORS 1527 RICHLAND ST COLUMBIA SC 29201 INT FURNISHINGS 4592859 SOUTHEASTERN LIMB & TREE PO BOX 1872 RIDGELAND SC 29936 TRIMMING 2965230 FVS LLC 817 PHILLIPS RD WALTERBORO SC 29488 HERBICIDE 170980 FUSION LLC 210 INTERSTATE PKWY STE 300 ATLANTA GA 30339 COMMUNICATION 132069 5 ELECTRIC DISTRIBUTION SERVICE 221000 71085545 71085545 PATRONAGE CAPITAL CREDITS 221000 2239700 2239700 73325245 102948 102948 OTHER INCOME 221000 1113619 1113619 SUBSIDIARY INCOME (LOSS) -3867767 -3867767 -2754148 70674045 73325245 -2651200 5103060 5535670 452591 212112 9179210 8941115 PURCHASED POWER 20815813 DISTRIBUTION MAINTENANCE 8089827 DISTRIBUTION OPERATIONS 7483084 ADMIN & GENERAL EXPENSES 5910853 2818477 74541812 0 0 0 251555 3891909 6187420 53922428 4291837 5391234 476457 756859 388914364 137909678 200947877 251004686 7204720 2000 17090386 631039 33717027 212788185 372979249 9888912 24627044 141706293 172024774 4195087 32414565 155790292 229066383 X 56997893 143912866 56997893 143912866 212788185 372979249 X -3867767 90782740 X false false false 5806058 5806058 16599922 16599922 366508384 137909678 228598706 251004686 GRANTOR TRUST 21364935 OTHER ASSETS 12352092 33717027 OTHER CURRENT & ACCRUED LIAB 16427615 OTHER LIABILITIES 10233365 OTHER DEFERRED CREDITS 5753585 32414565 X X X false false false WILLIAM L FLEMING JR PRESIDENT (CEO) 570863 570863 PAUL CONWAY OFFICER 499881 499881 ANNIE CROWLEY CFO 383663 383663 JEFFREY B SINGLETARY OFFICER 352299 352299 LORI A STUCKEY CHIEF CONSUMER OFC 347123 347123 JESSICA MASON VP, ACCOUNTING 345595 345595 ROBERT B FLEMING CHIEF OPERATING OFC 226979 118615 345594 FORM 990 - ORGANIZATION'S MISSION FROM 1/1/23 - 11/10/23: PROVIDING ELECTRICITY DISTRIBUTION SERVICES TO ITS TWO SEC. 501(C)(12) MEMBERS. FROM 11/10/23 - 12/31/23: PROVIDING COMPLETE ELECTRIC SERVICE TO THE FORMER MEMBERS OF PEE DEE ELECTRIC COOPERATIVE AND MARLBORO ELECTRIC COOPERATIVE. SEE SCH O AND MERGER DOCUMENTS ATTACHED. FORM 990, PAGE 2, PART III, LINE 2 SEE SCHEDULE 0 DISCLOSURE FOR PART III, LINE 3. FORM 990, PAGE 2, PART III, LINE 3 FROM 1/1/23 - 11/10/23, MPD ELECTRIC COOPERATIVE HAD ONLY TWO MEMBERS: MARLBORO ELECTRIC COOPERATIVE, INC AND PEE DEE ELECTRIC COOPERATIVE, INC. MPD PROVIDED ELECTRICITY DISTRIBUTION AND MANAGEMENT SERVICES TO THESE MEMBERS ON A COOPERATIVE BASIS. ON 11/10/23, MARLBORO AND PEE DEE MERGED INTO MPD ELECTRIC COOPERATIVE, INC. WITH MPD BEING THE SURVIVING CORPORATION, IN A TAX-EXEMPT STATUTORY MERGER. SUBSEQUENT TO THE MERGER, THE FORMER COOPERATIVE MEMBERS OF MARLBORO AND PEE DEE BECAME MEMBERS OF MPD. MPD PROVIDED COMPLETE ELECTRICITY SERVICE TO THE MEMBERS COMMENCING ON 11/10/23. COPIES OF THE MERGER DOCUMENTS ARE ATTACHED. FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS. FORM 990, PAGE 6, PART VI, LINE 7A THE COOPERATIVE HAS MEMBERS WHO ELECT OTHER MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN THE BYLAWS. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN THE BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY THE COOPERATIVE'S GOVERNING BODY, WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM BEFORE BEING FILED. 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 OF THE CEO IS REVIEWED AND APPROVED THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE MEMBER-ELECTED BOARD. AS PART OF THE PROCESS THE BOARD UTILIZES A SALARY STUDY BY A RECOGNIZED NATIONAL ORGANIZATION. 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 MPD ELECTRIC MAKES AVAILABLE ON REQUEST ITS GOVERNING DOCUMENTS (BYLAWS), CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9 MEMBERSHIPS ISSUED 195 PATRONAGE CAPITAL CREDITS 8,892,556 DONATED CAPITAL 6,273 OTHER COMPREHENSIVE INCOME 7,002,535 OTHER EQUITY -2,555 2023 CAPITAL CREDIT 5,103,060 NET MERGER TRANSACTION 69,780,676 TOTAL 90,782,740 MARLBORO DEVELOPMENT TEAM PO BOX 100561 FLORENCE SC 29502 463147291 DEVELOPMEN SC N/A false false false false false false false false false false false false false false false false false false false false SCHEDULE R MARLBORO DEVELOPMENT TEAM (MDT) BECAME A 100% OWNED SUBSIDIARY ON 11/10/23 AS PART OF THE MERGER TRANSACTION DISCLOSED ON SCHEDULE O. INFORMATION REPORTED ON PART IV IS BASED ON MDT'S TAXABLE YEAR ENDED 8/31/23. MDT'S ASSETS OWNED 100% BY MPD ELECTRIC COOPERATIVE AS OF 12/31/23 WERE 110,035,686.