PEE DEE ELECTRIC MEMBERSHIP CORPORATION

Address
575 US HIGHWAY 52 SOUTH
WADESBORO, NC 28170
Contact
Website: http://www.pdemc.com
Phone: +1 (704) 694-2114
Nonprofit
NTEE: W80 - Public Utilities
EIN: 56-0123345

Mission

Safe and effective DISTRIBUTION OF ELECTRICITY TO the members of PDEMC
 201620152014
Basic features of the organization
Year of formation1939
Subsection501(c)
Organization typeCorporation
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$505,185.00$470,829.00$465,176.00
Sum of reportable (W2/1099) compensation$500,938.00$472,788.00$461,399.00
Number of employees686764
Number of people compensated >$100k332
Number of highly compensated contractors1098
Personnel
Bennett, Winnie
TitleDirectorDirectorDirector
Name of key/compensated personWINNIE M BENNETTWINNIE M BENNETTWINNIE M BENNETT
Average hours per week working for org3.002.002.00
Reportable compensation from org$4,973.00$4,705.00$4,949.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.00
Davis, Robert
TitleDirectorDirectorDirector
Name of key/compensated personROBERT C DAVIS jrROBERT C DAVIS jrROBERT C DAVIS jr
Average hours per week working for org1.001.001.00
Reportable compensation from org$2,803.00$2,755.00$2,693.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.00
Johnson, Richard
TitlePresidentPresidentPresident
Name of key/compensated personRICHARD JOHNSONRICHARD JOHNSONRICHARD JOHNSON
Average hours per week working for org8.007.007.00
Reportable compensation from org$12,325.00$12,711.00$12,151.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.00
Lambeth, Marcia
TitleDirectorDirectorDirector
Name of key/compensated personMARCIA A LAMBETHMARCIA A LAMBETHMARCIA A LAMBETH
Average hours per week working for org4.003.007.00
Reportable compensation from org$6,358.00$4,705.00$7,679.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.00
Lybrand, Benjamin
TitleDirectorDirectorDirector
Name of key/compensated personBenjamin LybrandBenjamin LybrandBenjamin Lybrand
Average hours per week working for org4.003.003.00
Reportable compensation from org$5,535.00$4,315.00$4,629.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.00
Mabry, Phillip
TitleCFOCFOCFO
Name of key/compensated personPhillip MabryPhillip MabryPhillip Mabry
Average hours per week working for org40.0040.0040.00
Reportable compensation from org$110,337.00$103,061.00$98,781.00
Other comp, non-reportable, from org and related orgs$45,837.00$43,174.00$38,441.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.00
McCallum, Benjamin
TitleDirectorDirectorDirector
Name of key/compensated personBENJAMIN MCCALLUM JRBENJAMIN MCCALLUM JRBENJAMIN MCCALLUM JR
Average hours per week working for org5.005.006.00
Reportable compensation from org$6,968.00$6,850.00$7,484.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.00
Melton, Richard
TitleDirectorDirectorDirector
Name of key/compensated personRICHARD V MELTONRICHARD V MELTONRICHARD V MELTON
Average hours per week working for org5.005.006.00
Reportable compensation from org$7,733.00$7,240.00$8,409.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.00
Ratliff, Craig
TitleDirectorDirectorDirector
Name of key/compensated personCRAIG RATLIFFCRAIG RATLIFFCRAIG RATLIFF
Average hours per week working for org1.001.001.00
Reportable compensation from org$2,755.00$2,950.00$3,069.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.00
Rhyne, John
TitleDir of Eng. & OperDir of Eng. & OperDir of Eng. & Oper
Name of key/compensated personJohn M RhyneJohn M RhyneJohn M Rhyne
Average hours per week working for org40.0040.0040.00
Reportable compensation from org$128,025.00$120,689.00$118,428.00
Other comp, non-reportable, from org and related orgs$40,448.00$38,336.00$33,379.00
PositionHighly compensated employeeHighly compensated employeeHighly compensated employee
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.00
Russell, Millard
TitleSec. / Treas.Sec. / Treas.Sec. / Treas.
Name of key/compensated personMILLARD E RUSSELLMILLARD E RUSSELLMILLARD E RUSSELL
Average hours per week working for org3.004.004.00
Reportable compensation from org$7,355.00$8,031.00$6,771.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.00
Spivey, Donald
TitlePresident & CEOPresident & CEOPresident & CEO
Name of key/compensated personDonald H SpiveyDonald H SpiveyDonald H Spivey
Average hours per week working for org40.0040.0040.00
Reportable compensation from org$197,884.00$186,717.00$179,556.00
Other comp, non-reportable, from org and related orgs$86,435.00$75,556.00$83,764.00
PositionOfficerOfficerOfficer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.00
Thompson, Donald
TitleVice PresidentVice PresidentVice President
Name of key/compensated personDONALD A THOMPSONDONALD A THOMPSONDONALD A THOMPSON
Average hours per week working for org5.005.004.00
Reportable compensation from org$7,887.00$8,059.00$6,800.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.00
Purpose: mission, activities & accomplishments
Mission or significant activitiesSafe and effective DISTRIBUTION OF ELECTRICITY TO the members of PDEMCSafe and effective DISTRIBUTION OF ELECTRICITY TO the members of PDEMCSafe and effective DISTRIBUTION OF ELECTRICITY TO the members of PDEMC
Programs, including revenue & expenses
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 $ 26,880,536Benefits paid to or for members $ 4,869,227Other Salaries and Wages $ 4,626,746
Program descriptionSAFE 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 $ 26,880,536Benefits paid to or for members $ 4,869,227Other Salaries and Wages $ 4,626,746SAFE 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 $ 28,582,761Benefits paid to or for members $ 4,467,331Other Salaries and Wages $ 4,157,714SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY to the members of PDEMC. The three larges program services, as measured by expenses were as follows:Cost of Power $ 27,351,840Benefits paid to or for members $ 4,107,917Salaries and Wages $ 4,100,345
Financial data
Expense categories (totals)
Sum (total functional expenses)$47,557,899.00$47,162,119.00$46,374,359.00
Program services (total functional expenses)$0.00$0.00$0.00
Management & general (total functional expenses)$0.00$0.00$0.00
Fundraising (total functional expenses)$0.00$0.00$0.00
Revenue
Total revenue$47,136,071.00$46,961,728.00$46,461,339.00
Program service revenue (total)$44,328,627.00$44,198,705.00$43,708,639.00
Revenue from contributions (total)$100,866.00$100,357.00$109,801.00
Investment income$251,752.00$452,401.00$443,820.00
Total unrelated business revenue$106.00$27.00$69.00
Other revenue, current yr$2,454,826.00$2,210,265.00$2,199,079.00
Net unrelated business taxable revenue-$29.00-$98.00-$431.00
Total revenue from grants, etc., current yr$100,866.00$100,357.00$109,801.00
Gross receipts$47,136,071.00$46,961,728.00$46,491,593.00
Sources of contributions
Revenue from all other contributions$100,866.00$100,357.00$109,801.00
Other types of revenue
Royalties (total)$0.00$0.00$0.00
Miscellaneous revenue (total)$2,254,587.00$2,007,963.00$2,000,529.00
Net revenue from gaming (total)$0.00$0.00$0.00
Income from dividends, interest, and similar investments$194,204.00$423,610.00$382,205.00
Net rental income$200,239.00$202,302.00$198,550.00
Net income from fundraising events$0.00$0.00$0.00
Net inventory sales (total)$0.00$0.00$0.00
Fees for services
Lobbying fees (total)$0.00$0.00$0.00
Legal fees (total)$19,513.00$33,736.00$17,091.00
Fundraising service fees (total)$0.00$0.00$0.00
General management fees (total)$0.00$0.00$0.00
Investment management fees (total)$0.00$0.00$0.00
Accounting service fees (total)$0.00$0.00$0.00
Assets and liabilities
Total assets$112,743,622.00$103,870,059.00$103,520,662.00
Total assets, beginning of year$103,870,059.00$103,520,662.00$97,283,117.00
Total liabilities$57,293,304.00$54,077,200.00$56,227,040.00
Total liabilities, beginning of year$54,077,200.00$56,227,040.00$53,451,422.00
Pledges & accounts receivable, net$0.00$0.00$0.00
Loans & receivables from key persons$0.00$0.00$0.00
Net assets$55,450,318.00$49,792,859.00$47,293,622.00
Net assets, beginning of year$49,792,859.00$47,293,622.00$43,831,695.00
Other liabilities$10,696,612.00$9,686,734.00$9,879,010.00
Intangible assets$0.00$0.00$0.00
Other assets$7,433,593.00$6,585,935.00$5,285,459.00
Investments: other securities$0.00$0.00$0.00
Investments: publicly traded securities$0.00$0.00$0.00
Cash: non-interest bearing$25,656.00-$57,108.00$41,456.00
Cash: non-interest bearing, beginning of year-$57,108.00$41,456.00$14,900.00
Investments: program-related$7,589,260.00$6,780,480.00$6,001,355.00
Inventories for sale or use$1,502,514.00$1,486,028.00$1,511,173.00
Other financial variables
Revenue less expenses-$421,828.00-$200,391.00$86,980.00
Advertising (total)$0.00$0.00$0.00
Savings & temp cash investment$1,587,331.00$1,891,334.00$7,897,818.00
Accounts receivable, net$7,684,987.00$2,616,472.00$3,277,061.00
Prepaid expenses & deferred charges$2,716,144.00$3,156,407.00$3,384,006.00
Accounts payable & accrued expenses$3,604,013.00$2,964,434.00$4,290,762.00
Secured mortgages and notes payable$42,992,679.00$41,426,032.00$42,057,268.00
Total net assets or fund balances$55,450,318.00$49,792,859.00$47,293,622.00
Depreciation, depletion, amortization$4,076,065.00$3,522,715.00$3,522,715.00
Payment to affiliates$0.00$0.00$0.00
Governance and accountability
Number of voting members101010
Number of independent voting members101010
Financial sheets auditedTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-01
Tax year end date2016-12-312015-12-312014-12-31
Accounting methodAccrualAccrualAccrual
Indicators for schedules (selected)
Outstanding loan to key person or disqualified person TrueTrue
Grants to domestic org/gov't >$5kTrueTrue 
Metadata about the filing
E-return type990990990
Date e-filing submitted2018-01-112017-03-032016-01-29
IRS schema version2016v3.02015v2.02014v5.0
Filing identifier201713179349306136201603199349305945201503159349304250
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