2025-10-07T13:13:08-04:00 2024-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2024-01-01 540299805 MECKLENBURG ELECTRIC COOPERATIVE MECK 4343726100 PO BOX 2451 CHASE CITY VA 23924 CARY J LOGAN PRESIDENT AND CEO 4343726100 2025-07-15 true true G STEVEN GILLIAM CPA P00348264 8043231313 2025-10-02 2024 2025-03-06 01:10:19Z CARY J LOGAN PO BOX 2451 CHASE CITY VA 23924 198099102 false X WWW.MECKELEC.ORG X 1938 VA PROVIDE SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF MECKLENBURG ELECTRIC COOPERATIVE 9 9 122 2343789 0 109582945 187403488 2453635 3660463 2253422 6870897 114290002 197934848 0 2141418 3291852 12536956 15905931 0 0 91546075 121311985 106224449 140509768 8065553 57425080 322325863 333555706 226207714 226069125 96118149 107486581 TO PROVIDE SERVICES AND CREATE OPPORTUNITIES TO ENHANCE THE QUALITY OF LIFE false false SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 104,173,026 OTHER SALARIES AND WAGES 11,636,685 DEPRECIATION AND AMORTIZATION 8,790,287 false false false false false false false false false true false true false true true false true 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 50 0 true 122 true true true false false false false 182208556 11363439 false false false X 9 9 true false false false true true true true true false false true true true true false true true true false X MECKLENBURG ELECTRIC COOPERATIVE 4343726100 PO BOX 2451 CHASE CITY VA 23924 JOHN C LEE JR FORMER CEO 25.00 40.00 X 766671 0 16153 CARY J LOGAN PRESIDENT AN 55.00 X 464559 0 83214 CAROL B JONES ASSISTANT TR 50.00 X 212124 0 18994 CAROLYN T GLASS ASSISTANT SE 40.00 3.00 X 90249 0 54759 JAMES P GUY II LEGAL COUNSE 55.00 X 266951 0 84780 DAVID H LIPSCOMB VP MEMBER AN 47.00 X 217617 0 29711 BENJAMIN J SEAMANS VP ENGINEERI 50.00 X 231097 0 103301 DWAYNE LONG VP INFORMATI 50.00 X 212490 0 61673 ROBERT H LANKFORD DIRECTOR OF 50.00 X 181852 0 21212 DAVID J JONES CHAIRMAN 14.31 1.94 X X 20000 4850 0 FRANKLIN B MYERS VICE-CHAIRMA 9.56 1.83 X X 25850 4950 0 DONALD L MOORE TREASURER-SE 3.31 1.73 X X 13800 3900 4600 DAVID C HALL DIRECTOR 4.43 2.01 X 18400 5900 0 BRANDON G HUDSON DIRECTOR 2.95 1.65 X 18400 4850 0 FLETCHER B JONES DIRECTOR 7.91 2.98 X 16500 4688 5500 PEGGY LEE DIRECTOR 3.95 1.63 X 14700 4163 4900 MICHAEL H MCDOWELL DIRECTOR 3.05 2.35 X 16800 4850 0 ANGELA WILSON DIRECTOR 3.86 2.07 X 14100 3863 4700 2802160 42014 493497 38 false true false NATIONAL ONDEMAND INC PO BOX 2407 BURLINGTON NC 27216 FIBER 14498060 AUBREY SILVEY ENTERPRISES INC PO BOX 890093 CHARLOTTE NC 28289 ELECTRICAL DIST 12759926 TRC ENGINEERS INC PO BOX 536282 PITTSBURGH PA 15253 ELECTRICAL DIST 7043011 MAGELLAN ADVISORS LLC PO BOX 5618 CAROL STREAM IL 60197 ENGINEERING 4438736 ASPLUNDH TREE EXPERT CO INC 1770 SOLUTIONS CENTER CHICAGO IL 60677 RIGHT OF WAY MA 3296194 14 SALE OF ELECTRICITY 221000 136760558 136760558 CONTRIBUTIONS IN AID 221000 50497775 50497775 PATRONAGE CAPITAL OTHER 221000 145155 145155 187403488 3763677 3763677 400348 400348 400348 400348 61040 164254 -103214 -103214 -103214 INCOME FROM EQUITY INVESTMENT 221000 4087938 4087938 COMMUNICATION EQUIPMENT 517000 2343789 2343789 OTHER INCOME 221000 38822 38822 6470549 197934848 187403488 2343789 8187571 X 3291852 1884974 11636685 1387415 -56767 1053624 26651 77456 194215 479000 6356775 8790287 COST OF POWER 104173026 DISTRIBUTION - MAINTENANC 5485774 DISTRIBUTION - OPERATIONS 2446862 ADMINISTRATION - GENERAL 1196814 -7914875 140509768 0 0 0 47325397 8115410 350103 33862448 13619755 24013794 85759 83340 12924539 11198800 13084612 15508920 274283707 78653178 194842393 195630529 38973664 44022824 1119641 1119641 322325863 333555706 68378420 63399603 153954714 159545404 3874580 3124118 226207714 226069125 X 96118149 107486581 96118149 107486581 322325863 333555706 X 57425080 -46056648 X false true X true false 1794565 1794565 5798663 3145243 2653420 266379578 75506345 190873233 310901 1590 309311 195630529 INVESTMENTS IN ASSOCIATED ORGANIZATI 30304677 C INVESTMENTS IN SUBSIDARY ORGANIZATIO 9990596 C INVESTMENTS IN ASSOCIATED ORGANIZATI 2157528 C INVESTMENTS IN CAPITAL TERM CERTIFIC 1354788 C OTHER INVESTMENTS - RURAL ECONOMIC 215235 C 44022824 DEFERRED GRANT - CIAC 3124118 3124118 X SCHEDULE D, PAGE 3, PART X THE COOPERATIVE FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ASC 740. THE COOPERATIVE HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL RENVENUE SERVICE. X X X X false false false JOHN C LEE JR FORMER CEO 601298 165373 6099 10054 782824 CARY J LOGAN PRESIDENT AND CEO 469107 -4548 55680 27534 547773 CAROL B JONES ASSISTANT TREASURER 217839 -5715 3742 15252 231118 JAMES P GUY II LEGAL COUNSEL 273699 -6748 57931 26849 351731 DAVID H LIPSCOMB VP MEMBER AND ENERGY 214114 3503 3677 26034 247328 BENJAMIN J SEAMANS VP ENGINEERING & OPS 238936 -7839 75767 27534 334398 DWAYNE LONG VP INFORMATION TECH 215295 -2805 34139 27534 274163 ROBERT H LANKFORD DIRECTOR OF OPS 190177 -8325 3403 17809 203064 FORM 990, PART VI SECTION A, LINE 2 - ALL MECKLENBURG ELECTRIC COOPERATIVE DIRECTORS ALSO SERVE ON THE BOARD OF THE TAXABLE ENTITY EMPOWER BROADBAND, INC. ALL MECKLENBURG ELECTRIC COOPERATIVE OFFICERS ARE ALSO OFFICERS OF EMPOWER BROADBAND. CONSEQUENTLY, EACH MECKLENBURG ELECTRIC DIRECTOR AND OFFICER IS IN A "BUSINESS RELATIONSHIP" WITH EVERY OTHER MECKLENBURG ELECTRIC COOPERATIVE DIRECTOR AND OFFICER. ONE MECKLENBURG ELECTRIC COOPERATIVE DIRECTOR, DAVID JONES, AND TWO MECKLENBURG ELECTRIC OFFICERS, CARY LOGAN, AND CAROL B JONES, SERVE ON THE BOARD OF AND AS THE OFFICERS OF THE TAXABLE ENTITY EMPOWER TELECOM, INC. CONSEQUENTLY, THESE THREE INDIVIDUALS ARE IN A "BUSINESS RELATIONSHIP" WITH EACH OTHER WITH RESPECT TO EMPOWER TELECOM. FORM 990, PAGE 6, PART VI, LINE 6 MECKLENBURG ELECTRIC COOPERATIVE IS AN ELECTRIC MEMBERSHIP COOPERATIVE THAT DELIVERS ELECTRICITY TO ITS MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A DIRECTORS ARE ELECTED BY THE MEMBERSHIP OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7B MEMBERS CONTRIBUTE EQUALLY TO AND DEMOCRATICALLY CONTROL THE CAPITAL OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS EMAILED DIRECTLY TO EACH DIRECTOR FOR THEIR REVIEW PRIOR TO THE FILING. IF THEY HAVE ANY QUESTIONS OR REVISIONS, THEY ARE DIRECTED TO CONTACT CARY LOGAN PRESIDENT AND CEO, OR CAROL B. JONES, VICE PRESIDENT OF FINANCE AND ACCOUNTING PRIOR TO NOVEMBER 1, 2024. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES ANNUALLY DISCLOSE CONFLICTS OF INTEREST. WHEN ISSUES ARISE THAT COULD CREATE A CONFLICT OF INTEREST, THE OFFICER, DIRECTOR, OR KEY EMPLOYEE WILL EXCLUDE THEMSELVES FROM THE POTENTIAL CONFLICT. FORM 990, PAGE 6, PART VI, LINE 15A PROCESS OF DETERMINING COMPENSATION FOR CEO - ANNUALLY, THE DIRECTORS REVIEW AND APPROVE THE CEO'S COMPENSATION. THE DIRECTORS USE COMPARABILITY DATA WHICH CONSISTS OF MULTIPLE STATE, NATIONAL, AND REGIONAL CEO'S COMPENSATION IN THE UTILTIY INDUSTRY TO DETERMINE THE MARKET VALUE OF THE POSITION. FORM 990, PAGE 6, PART VI, LINE 15B PROCESS OF DETERMINING COMPENSATION FOR OFFICERS AND KEY EMPLOYEES - IN 2012, A THIRD-PARTY CONSULTANT CONDUCTED AN INDEPENDENT SURVEY OF ALL POSITIONS TO VERIFY MARKET PAY. ALSO, EACH YEAR THE MANAGER OF HUMAN RESOURCES USES COMPARABILITY DATA WHICH CONSISTS OF A COMBINATION OF MULTIPLE STATE, NATIONAL, AND REGIONAL UTILITY AND NON-UTILITY SURVEYS TO DETERMINE THE INCREASE OR DECREASE IN MARKET. THE DATA IS SUMMARIZED AND A PROPOSAL IS SUBMITTED TO THE FINANCE COMMITTEE WHICH CONSISTS OF SIX DIRECTORS, INCLUDING THE BOARD CHAIR WHO SERVES EX-OFFICO. IF THE PROPOSAL IS APPROVED BY THE COMMITTEE, IT IS SUBMITTED TO THE ENTIRE BOARD FOR APPROVAL. FORM 990, PAGE 6, PART VI, LINE 19 DISCLOSURE OF GOVERNING DOCUMENTS- GOVERNING DOCUMENTS, POLICIES, FORM 990 AND FINANCIAL STATEMENTS ARE ALWAYS AVAILABLE UPON REQUEST. THE BYLAWS, RATES, TERMS AND CONDITIONS ARE AVAILABLE ON THE COOPERATIVE'S WEBSITE. ANNUAL FINANICAL INFORMATION IS PUBLISHED IN THE MEMBER'S MONTHLY MAGAZINE, WHICH IS MAILED TO EACH MEMBER'S RESIDENCE. ALSO, THE TREASURER'S REPORT IS GIVEN TO EACH MEMBER ATTENDING THE ANNUAL MEETING HELD IN JUNE. IN THE TREASURER'S REPORT, IT STATES THAT EACH MEMBER HAS THE RIGHT TO REVIEW THE COMPLETE FINANICAL REPORT UPON REQUEST. FORM 990, PART XI, LINE 9 PAT DIV. ALLOCATED TO MEMBERS' ACCOUNTS 3,291,852 OTHER COMPREHENSIVE INCOME 843,699 NET CHANGE IN DONATED CAPITAL 27 NONCASH PATRONAGE ALLOCATION 1,044,700 NET CHANGE IN UNCLAIMED CAPITAL CREDITS 52,893 CIAC NOT REVENUE PER GAAP -50,497,775 RETIREMENT OF CAPITAL CREDITS -792,044 TOTAL -46,056,648 EMPOWER BROADBAND INC PO BOX 325 CHASE CITY VA 23924 541917596 INTERNET VA MECKLENBUR MECKLENBURG ELECTRIC C CORP 3568636 26674571 1.00000 false EMPOWER TELECOM INC PO BOX 2451 CHASE CITY VA 23924 844820612 TELECOMM VA MECKLENBUR MECKLENBURG ELECTRIC C CORP 519302 5741278 1.00000 false true false false true false false false false false true false false false true true true true false false EMPOWER BROADBAND INC A 2033192 FULLY DISTRIBUTED COST EMPOWER BROADBAND INC D 5982964 ACTUAL EMPOWER BROADBAND INC J 292707 FULLY DISTRIBUTED COST EMPOWER BROADBAND INC O 1253333 FULLY DISTRIBUTED COST EMPOWER TELECOM INC J 70000 FULLY DISTRIBUTED COST EMPOWER TELECOM INC P 290000 FULLY DISTRIBUTED COST