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Nonprofiteer
← PEE DEE ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2025

Filed by PEE DEE ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$60,535,716
Total expenses
$61,607,172
Contributions and grants received
$116,051
Grants paid
$102,554
Program service revenue
$60,254,329
Investment income
$133,686
Other revenue
$31,650
Total assets, end of year
$180,417,705
Total liabilities, end of year
$94,639,199
Net assets or fund balances, end of year
$85,778,506
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $116,051

  • 2a · Program service revenue: SALE AND DIST. OF ELECT.

    total $59,952,419 · related or exempt $59,952,419

  • 2b · Program service revenue: CONTRIB. IN AID OF CONST.

    total $176,231 · related or exempt $176,231

  • 2c · Program service revenue: PATRONAGE ALLOC. RECEIVED

    total $125,679 · related or exempt $125,679

  • 3 · Investment income

    total $116,281 · excluded $116,281

  • 6a · Gross rents

    personal property $490,344

  • 6c · Rental income or loss

    personal property $490,344

  • 6d · Net rental income or loss

    total $490,344 · excluded $490,344

  • 7a · Gross sales of assets other than inventory

    other assets $17,405

  • 7c · Gain or loss

    other assets $17,405

  • 7d · Net gain or loss

    total $17,405 · excluded $17,405

  • 11a · Other revenue: OTHER

    total $806 · related or exempt $806

  • 11b · Other revenue: EARNINGS FROM EQ. INV.

    total -$459,500 · related or exempt -$459,500

  • 11e · Other revenue, total

    -$458,694

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $102,554

  • 4 · Benefits paid to or for members

    total $5,130,131

  • 5 · Compensation of officers, directors and key employees

    total $1,690,579

  • 7 · Other salaries and wages

    total $5,984,733

  • 8 · Pension plan contributions

    total $910,350

  • 9 · Other employee benefits

    total $211,331

  • 10 · Payroll taxes

    total $569,134

  • 11b · Fees: legal

    total $11,784

  • 17 · Travel

    total $1,367,562

  • 19 · Conferences, conventions and meetings

    total $803,727

  • 20 · Interest

    total $2,322,502

  • 22 · Depreciation, depletion and amortization

    total $5,748,100

  • 24a · Other expenses: COST OF POWER

    total $35,036,011

  • 24b · Other expenses: DISTRIBUTIION MAINTENANCE

    total $3,595,735

  • 24c · Other expenses: ADMIN & GENERAL

    total $2,084,675

  • 24d · Other expenses: DISTRIBUTION OPERATION

    total $952,857

  • 24e · All other expenses

    total -$4,914,593

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,857,021 · end of year $5,474,644

  • 4 · Accounts receivable

    beginning of year $11,988,616 · end of year $12,016,779

  • 8 · Inventories for sale or use

    beginning of year $2,253,204 · end of year $1,934,994

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,457,038 · end of year $511,716

  • 10a · Land, buildings and equipment: cost or other basis

    $189,682,281

  • 10b · Land, buildings and equipment: accumulated depreciation

    $51,304,453

  • 10c · Land, buildings and equipment, net

    beginning of year $131,823,612 · end of year $138,377,828

  • 13 · Investments: program-related

    beginning of year $15,573,520 · end of year $16,536,893

  • 15 · Other assets

    beginning of year $5,711,443 · end of year $5,564,851

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,808,387 · end of year $7,378,594

  • 23 · Secured mortgages and notes payable

    beginning of year $76,705,133 · end of year $78,127,079

  • 25 · Other liabilities

    beginning of year $8,718,522 · end of year $9,133,526

  • 31 · Retained earnings, endowment or other funds

    beginning of year $80,432,412 · end of year $85,778,506

Listed in Part VII

  • DONALD H SPIVEY

    CEO & EXEC.

    Total calculated
    $572,937
    From this org
    $329,124
    From related orgs
    $0
    Other
    $243,813
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $329,124
    Bonus
    not reported
    Other
    not reported
    Deferred
    $236,493
    Nontaxable benefits
    $7,320
    Filer's total
    $572,937

  • JAKE MCGEE

    DISTRICT MGR

    Total calculated
    $247,378
    From this org
    $152,715
    From related orgs
    $0
    Other
    $94,663
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,715
    Bonus
    not reported
    Other
    not reported
    Deferred
    $87,343
    Nontaxable benefits
    $7,320
    Filer's total
    $247,378

  • CHRIS PARKER

    CREW FOREMAN

    Total calculated
    $242,444
    From this org
    $147,664
    From related orgs
    $0
    Other
    $94,780
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,664
    Bonus
    not reported
    Other
    not reported
    Deferred
    $87,460
    Nontaxable benefits
    $7,320
    Filer's total
    $242,444

  • ANTHONY EASON

    VP ENG. & OP

    Total calculated
    $238,797
    From this org
    $187,744
    From related orgs
    $0
    Other
    $51,053
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,744
    Bonus
    not reported
    Other
    not reported
    Deferred
    $43,733
    Nontaxable benefits
    $7,320
    Filer's total
    $238,797

  • CHRIS BAXLEY

    LINEMAN FIRS

    Total calculated
    $213,219
    From this org
    $151,595
    From related orgs
    $0
    Other
    $61,624
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,595
    Bonus
    not reported
    Other
    not reported
    Deferred
    $49,534
    Nontaxable benefits
    $12,090
    Filer's total
    $213,219

  • BRYAN STILWELL

    CREW FOREMAN

    Total calculated
    $191,098
    From this org
    $134,383
    From related orgs
    $0
    Other
    $56,715
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,383
    Bonus
    not reported
    Other
    not reported
    Deferred
    $37,874
    Nontaxable benefits
    $18,841
    Filer's total
    $191,098

  • JANET CARSON

    VP INFORMATI

    Total calculated
    $184,817
    From this org
    $153,606
    From related orgs
    $0
    Other
    $31,211
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,606
    Bonus
    not reported
    Other
    not reported
    Deferred
    $23,891
    Nontaxable benefits
    $7,320
    Filer's total
    $184,817

  • JORDAN HILDRETH

    COO

    Total calculated
    $184,034
    From this org
    $145,990
    From related orgs
    $0
    Other
    $38,044
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,990
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,203
    Nontaxable benefits
    $18,841
    Filer's total
    $184,034

  • BRAD BILLINGSLEY

    CREW FOREMAN

    Total calculated
    $177,097
    From this org
    $124,915
    From related orgs
    $0
    Other
    $52,182
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,915
    Bonus
    not reported
    Other
    not reported
    Deferred
    $44,862
    Nontaxable benefits
    $7,320
    Filer's total
    $177,097

  • JOSEPH KEANE

    LINEMAN FIRS

    Total calculated
    $169,735
    From this org
    $127,007
    From related orgs
    $0
    Other
    $42,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,007
    Bonus
    not reported
    Other
    not reported
    Deferred
    $35,408
    Nontaxable benefits
    $7,320
    Filer's total
    $169,735

  • SUSAN NOYES

    VP OF FINANC

    Total calculated
    $24,705
    From this org
    $20,287
    From related orgs
    $0
    Other
    $4,418
    Hours/week
    40

  • RICHARD H JOHNSON

    PRESIDENT

    Total calculated
    $13,711
    From this org
    $13,711
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • RICHARD V MELTON

    DIRECTOR

    Total calculated
    $10,451
    From this org
    $10,451
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • BENJAMIN R LYBRAND

    VICE PRESIDE

    Total calculated
    $6,153
    From this org
    $6,153
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • STEPHEN D THOMPSON

    DIRECTOR

    Total calculated
    $6,122
    From this org
    $6,122
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • WINNIE M BENNETT

    DIRECTOR

    Total calculated
    $5,251
    From this org
    $5,251
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • MARCIA A LAMBETH

    DIRECTOR

    Total calculated
    $5,111
    From this org
    $5,111
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • BENJAMIN MCCALLUM JR

    SEC. / TREAS

    Total calculated
    $3,961
    From this org
    $3,961
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • PAUL L TURNER III

    DIRECTOR

    Total calculated
    $3,241
    From this org
    $3,241
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • CRAIG W RATLIFF

    DIRECTOR

    Total calculated
    $3,093
    From this org
    $3,093
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • ROBERT C DAVIS JR

    DIRECTOR

    Total calculated
    $2,291
    From this org
    $2,291
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2025
IRS schema version
2025v4.0
Source object
202602649349301765

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