2024-06-11T17:02:04-04:00 2023-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2023-01-01 560371555 RANDOLPH ELECTRIC MEMBERSHIP CORPORATION RAND 3366255177 PO BOX 40 ASHEBORO NC 272040040 DALE LAMBERT CEO 8006728212 2024-06-11 true DALE LAMBERT XXX-XX-XXXX false JASON A PEACOCK P00978537 4787466277 2024-06-11 2023 2023-04-26 12:10:37Z DALE LAMBERT PO BOX 40 ASHEBORO NC 27204 72253775 false X WWW.RANDOLPHEMC.COM X 1939 NC TO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. 9 9 92 0 0 73357774 71878312 81167 132119 20316 243344 73459257 72253775 0 4596526 3767802 487789 546053 0 0 68374942 67939920 73459257 72253775 0 191252584 200927558 129116654 137294286 62135930 63633272 RANDOLPH ELECTRIC MEMBERSHIP CORPORATION IS DEDICATED TO THE DELIVERY OF ENERGY AND SUPERIOR SERVICES IN RESPONSE TO THE NEEDS OF OUR MEMBERS AND COMMUNITIES. false false RANDOLPH ELECTRIC MEMBERSHIP CORPORATION IS DEDICATED TO THE DELIVERY OF ENERGY AND SUPERIOR SERVICES IN RESPONSE TO THE NEEDS OF ITS MEMBERS AND COMMUNITIES. false false false false false false false false false true false true false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 75 0 true 92 true false false false false false 69965941 595199 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 X REED PUCKETT 3366255177 879 MCDOWELL ROAD ASHEBORO NC 27205 DALE LAMBERT CEO 50.00 X 368219 0 15587 DENNIS MABE COO 50.00 X 213889 0 39401 JAY ALBRIGHT DISTRICT VP 50.00 X 186671 0 35871 TONY COLE JOURNEYMAN/F 50.00 X 147744 0 41898 FRED SMITH VP BUS. DEVL 50.00 X 168971 0 10623 DANIEL MANESS LINE SUPERIN 50.00 X 147147 0 14790 TAMMIE PHILLIPS PRESIDENT 10.64 X X 23306 0 0 JERRY BOWMAN DIRECTOR 6.26 X X 17603 0 3600 SCOTT COLE ASST. SEC./T 6.70 X 19506 0 0 LEE ISLEY SECRETARY/TR 5.88 X X 19456 0 0 JEFF SUGG DIRECTOR 4.17 X 16456 0 0 LARRY ROUTH DIRECTOR 3.72 X 16054 0 0 WILLIAM MANESS VICE PRESIDE 4.06 X X 23 0 15633 DELBERT CRANFORD DIRECTOR 3.24 X 3721 0 11833 STEVE HARRIS DIRECTOR 3.47 X 56 0 15000 1348822 204236 35 false true false DOUB CONTRACTORS 2179 GARREN TOWN RD ASHEBORO NC 27205 CONSTRUCTION 177717 1 ELECTRICITY SALES 221000 69039114 69039114 CAPITAL CREDITS 221000 1661859 1661859 OTHER ELECTRIC SERVICES 221000 926827 926827 POLE RENTAL 221000 250512 250512 71878312 132119 132119 OTHER NONOPERATING REVENUE 243344 243344 243344 72253775 71871144 382631 3767802 546053 3566506 6796646 PURCHASED POWER 39103570 DISTRIBUTION MAINTENANCE 7576288 ADMIN. & GENERAL EXP. 5034911 DISTRIBUTION OPERATIONS 3077102 2784897 72253775 0 0 0 1528610 1172045 5235164 2631474 10848591 9325494 2976294 2775070 2192066 1872329 236754218 79447215 148147465 157307003 18513039 23524329 1811355 2319814 191252584 200927558 15842405 10890598 105854408 121824235 7419841 4579453 129116654 137294286 X 62135930 63633272 62135930 63633272 191252584 200927558 X 0 1497342 X false true X true false 782868 782868 235971350 79447215 156524135 157307003 INVESTMENTS -NCEMC 15623659 C INVESTMENTS - OTHER 3569167 C INVESTMENTS - CTC'S 1502363 C INVESTMENTS - TEMA 1420148 C INVESTMENTS - NRUCFC 973469 C INVESTMENTS - FEDERATED 358412 C INVESTMENTS - SEDC 74510 C INVESTMENTS - NRTC 1286 C INVESTMENTS - COBANK 1215 C INVESTMENTS - NCSC 100 C 23524329 ACCUM PROV FOR POSTRETIREMENT 1918102 REGULATORY LIAB-ASC 980 DEF... 1739878 CONSUMER DEPOSITS 663796 INSTALLATION COST 257677 4579453 72253775 72253775 72253775 68485973 68485973 3767802 3767802 72253775 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS 3,767,802 X X X false false false DALE LAMBERT CEO 356738 7188 4293 15587 383806 DENNIS MABE COO 210203 2177 1509 28647 10754 253290 JAY ALBRIGHT DISTRICT VP 182897 2200 1574 25301 10570 222542 TONY COLE JOURNEYMAN/FOREMAN 145216 1620 908 31646 10252 189642 FRED SMITH VP BUS. DEVLP & COMP 164645 2235 2091 10623 179594 DANIEL MANESS LINE SUPERINTENDENT 144457 1658 1032 14790 161937 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 MANAGEMENT OF THE COOPERATIVE PROVIDES INFORMATION TO THE ENTITY'S EXTERNAL CERTIFIED PUBLIC ACCOUNTING FIRM FOR THE PURPOSE OF PREPARING THE COPRORATION'S 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 FOR ACCURACY AND CORRECTNESS AND PRESENTS TO ITS BOARD OF DIRECTORS FOR REVIEW, DISCUSSION AND APPROVAL PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS, DIRECTORS, AND HIGHEST COMPENSATED EMPLOYEE ARE REQUIRED TO ANNUALLY COMPLETE A QUESTIONNAIRE DETAILING BUSINESS RELATIONSHIPS WITH THE COOPERATIVE, WITH RELATED ORGANIZATIONS, OR WITH OTHER OFFICERS, DIRECTORS OR HIGHEST COMPENSATED EMPLOYEES. DIRECTORS AND CHIEF EXECUTIVE OFFICER SHALL MAKE FULL DISCLOSURE TO THE BOARD OF DIRECTORS OF ANY FACTS INDICATING A CONFLICT OF INTEREST. THEY MAY REQUEST AN OPINION OF THE COOPERATIVE'S GENERAL COUNSEL BEFORE TAKING SUCH ACTION. DIRECTORS SHALL DISQUALIFY THEMSELVES FROM VOTING ON A DECISION POSING A CONFLICT OF INTEREST OR CREATING THE APPEARANCE OF A CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE COOPERATIVE ENGAGES AN OUTSIDE CONSULTANT WHO PROVIDES SALARY RANGES BASED ON MARKET DATA FOR ALL POSITIONS IN THE COOPERATIVE. FOR ALL POSITIONS, EXCEPT CHIEF EXECUTIVE OFFICER, THE BOARD OF DIRECTORS REVIEWS THE RELEVANT MARKET AND HISTORICAL DATA, CONSIDERS THE CHIEF EXECUTIVE OFFICER'S RECOMMENDATION, AND APPROVES OR DISAPPROVES THE COMPENSATION PACKAGE FOR THE EMPLOYEES. FOR THE POSITION OF CHIEF EXECUTIVE OFFICER, THE OUTSIDE CONSULTANT PROVIDES THE COOPERATIVE'S ATTORNEY WITH MARKET AND HISTORICAL DATA. THE BOARD OF DIRECTORS DETERMINES CONPENSATION FOR THE CHIEF EXECUTIVE OFFICER. ALL DECISIONS OF THE BOARD ARE DOCUMENTED IN MEETING MINUTES. FORM 990, PAGE 6, PART VI, LINE 15B SEE ABOVE - FORM 990 PART VI, SECTION A, LINE 15 FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE'S BYLAWS ARE AVAILABLE ON IT'S WEBSITE WWW.RANDOLPHEMC.COM. THE COOPERATIVE'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 ACCUMULATED OTHER COMP. INCOME 284,474 PATRONAGE CAPITAL CREDITS 3,767,802 RETIREMENT OF PATRONAGE CAPITAL -2,554,934 TOTAL 1,497,342