2024-04-16T09:02:56-04:00 2023-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2023-01-01 570308664 ELECTRIC COOPERATIVES OF SOUTH CAROLINA ELEC 8037966060 808 KNOX ABBOTT DRIVE CAYCE SC 29033 MICHAEL COUICK PRESIDENT & CEO 8037966060 2024-04-09 true MICHAEL COUICK XXX-XX-XXXX false JASON A PEACOCK P00978537 4787466277 2024-04-16 2023 2023-04-26 12:10:37Z MICHAEL COUICK 808 KNOX ABBOTT DRIVE CAYCE SC 29033 13666138 false X WWW.ECSC.ORG X 1941 SC TO ASSIST MEMBERS OF THE CORPORATION IN PROVIDING ELECTRIC ENERGY TO CONSUMERS IN THE MEMBERS' SERVICE AREAS. 42 42 43 1049318 0 11363077 11675169 464994 346726 964369 1644243 12792440 13666138 0 0 775224 768025 0 0 12574435 12534224 13349659 13302249 -557219 363889 5022463 4773863 1500735 888246 3521728 3885617 X TO ASSIST MEMBERS OF THE CORPORATION IN PROVIDING ELECTRIC ENERGY TO CONSUMERS IN THE MEMBERS' SERVICE AREAS. false false 13302249 11675169 SEE SCHEDULE O ECSC IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO: -FOSTER, DEVELOP AND ENCOURAGE THE PROGRAM OF RURAL ELECTRIFICATION IN THE STATE OF SOUTH CAROLINA -FURTHER THE GENERAL WELFARE AND TO PROMOTE THE INTEREST OF THE MEMBERS OF ECSC; TO FURTHER THE SAFETY, STABILITY, SECURITY AND PROSPERITY OF ELECTRIC COOPERATIVES; TO AID IN SOLVING THE PROBLEMS COMMON TO ELECTRIC COOPERATIVES -DISSEMINATE INFORMATION RELATING TO THE RURAL ELECTRIFICATION PROGRAM; TO COOPERATE WITH FEDERAL, STATE AND MUNICIPAL AGENCIES IN THE PROMOTION OF RURAL ELECTRIFICATION AND NATIONAL, STATE, COMMUNITY AND RURAL DEVELOPMENT; TO PROVIDE SERVICES AND INFORMATIONAL PROGRAMS THAT WILL STIMULATE LOCAL GROWTH, STABILITY AND SECURITY AND STRENGTHEN THE ELECTRIC COOPERATIVE PROGRAM IN SOUTH CAROLINA -OTHERWISE ASSIST THE MEMBERS OF ECSC TO PROVIDE ELECTRIC ENERGY TO INHABITANTS OF MEMBER SERVICE AREAS AT THE LOWEST POSSIBLE COST CONSISTENT WITH SOUND ECONOMY -OPERATE ALWAYS FOR THE BENEFIT OF ITS MEMBER COOPERATIVES AND THROUGH THEM FOR THE BENEFIT OF THEIR CONSUMERS, DOING THOSE THINGS THROUGH ECSC THAT CAN BE DONE BETTER TOGETHER THAN INDIVIDUALLY 13302249 false false true true false false false false false true false false true 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 94 0 43 true true true false false false false false false false X 42 42 false false true false true true true true true false false true true true true true true true false false SC X X ELECTRIC COOPERATIVES OF SC 8037966060 808 KNOX ABBOTT DRIVE CAYCE SC 29033 THERESA S HICKS DIRECTOR 2.00 0.00 X 0 0 0 TERRY W MALLARD DIRECTOR 2.00 0.00 X 0 0 0 JOHNNIE L DICKERT CHAIRMAN 5.00 0.00 X X 0 0 0 WTERRY RICKETTS TRUSTEE 2.00 0.00 X 0 0 0 GARY L STOOKSBURY TRUSTEE 2.00 0.00 X 0 0 0 WILLIS SANDERS TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL MIKE S FULLER TRUSTEE 2.00 0.00 X 0 0 0 GEORGE GIBSON TRUSTEE 2.00 0.00 X 0 0 0 KENNETH G SOUTHERLIN TRUSTEE 2.00 0.00 X 0 0 0 JIMMY LEE DODGENS TRUSTEE 2.00 0.00 X 0 0 0 NORRIS R FOWLER JR TRUSTEE 2.00 0.00 X 0 0 0 MATTHEW MATT D STANLEY TRUSTEE 2.00 0.00 X 0 0 0 CHAD CAPPS TRUSTEE 2.00 0.00 X 0 0 0 JAMEY COPELAND TRUSTEE 2.00 0.00 X 0 0 0 ROBERT C HOCHSTETLER TRUSTEE 2.00 0.00 X 0 0 0 DOUGLAS REEVES TRUSTEE 2.00 0.00 X 0 0 0 LAVERN POLK SECRETARY/TR 5.00 0.00 X X 0 0 0 MARK WALLING TRUSTEE 2.00 0.00 X 0 0 0 JEFFREY JEFF M LEWIS TRUSTEE 2.00 0.00 X 0 0 0 DAVID FELKEL TRUSTEE 2.00 0.00 X 0 0 0 BRUCE G BACON TRUSTEE 2.00 0.00 X 0 0 0 DERIAL OGBURN TRUSTEE 2.00 0.00 X 0 0 0 DANIEL B SHELLEY III TRUSTEE 2.00 0.00 X 0 0 0 RONALD H FLOYD TRUSTEE 2.00 0.00 X 0 0 0 MARCUS E COOK TRUSTEE 2.00 0.00 X 0 0 0 TODD CARTER TRUSTEE 2.00 0.00 X 0 0 0 VINCE FURTICK TRUSTEE 2.00 0.00 X 0 0 0 BRIAN W BROUGHTON TRUSTEE 2.00 0.00 X 0 0 0 DONETTE B KIRKLAND TRUSTEE 2.00 0.00 X 0 0 0 B ROBERT PAULLING TRUSTEE 2.00 0.00 X 0 0 0 JAMES L LOVINGGOOD TRUSTEE 2.00 0.00 X 0 0 0 ROBERT W BOBBY SMITH TRUSTEE 2.00 0.00 X 0 0 0 JACK G VALLENTINE III TRUSTEE 2.00 0.00 X 0 0 0 KEITH AVERY TRUSTEE 2.00 0.00 X 0 0 0 D TERRELL SMITH TRUSTEE 2.00 0.00 X 0 0 0 A BERL DAVIS JR TRUSTEE 2.00 0.00 X 0 0 0 DON E COKER TRUSTEE 2.00 0.00 X 0 0 0 ROBERT ROB G ARDIS III TRUSTEE 2.00 0.00 X 0 0 0 CHAD T LOWDER VICE CHAIRMA 5.00 0.00 X X 0 0 0 WILLIAM T ROBINSON TRUSTEE 2.00 0.00 X 0 0 0 TOMMIE BRATTON TRUSTEE 2.00 0.00 X 0 0 0 E PAUL BASHA TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL COUICK PRESIDENT & 50.00 0.00 X 601734 0 166291 PEGGY DANTZLER VP - LC & TR 50.00 0.00 X 178667 0 83494 CHRIS KOON SR VP-GEN CO 50.00 0.00 X 267281 0 128951 JOHN FRICK VP-GOVN RELA 50.00 0.00 X 268361 0 124015 ANN WESTBROOK CFO 50.00 0.00 X 190410 0 98374 MICHAEL SMITH VP- BUSINESS 50.00 0.00 X 192542 0 103688 1698995 704813 23 false true false WILD DUNES LLC 115 FAIRCHILD STREET SUITE 200 CHARLESTON SC 29492 CONFERENCE 200431 GREENVILLE CITY CENTER LLC DBA HYATT REGENCY GREENVILLE 220 NORTH MAIN STREET GREENVILLE SC 29601 CONFERENCE 149301 TERRENI LAW FIRM 1508 LADY STREET COLUMBIA SC 29201 LEGAL 102891 3 MEMBERSHIP DUES 10625851 10625851 SC LIVING - COMMUNICATIONS 511120 1049318 1049318 11675169 346726 346724 2 MISCELLANEOUS 541900 890857 890857 CREDIT UNION REIMBURSEMENT 541900 662351 662351 PROF DEV - COMMUNICATIONS 91035 91035 1644243 13666138 12616818 1049318 2 768025 768025 1982116 1982116 ADMINISTRATIVE 3992872 3992872 COMMUNICATIONS 2487863 2487863 GOVERNMENT RELATIONS 2007211 2007211 LOSS CONTROL AND TRAINING 1647569 1647569 416593 416593 13302249 13302249 0 0 1008565 835708 23153 12422 281834 351210 113299 108559 4684591 2570006 2172970 2114585 250538 1172104 1351379 5022463 4773863 744904 235853 755831 652393 1500735 888246 X 3521728 3885617 3521728 3885617 5022463 4773863 363889 X false true X true false false true false false 52805 52805 2975011 1357695 1617316 48849 40969 7880 415890 355685 60205 1192036 815657 376379 2114585 PREPAID POSTRETIREMENT BENEFITS 1189932 DEFERRED COMPENSATION PLAN 141331 OTHER ASSET 17616 MEMBERSHIP FEES 2500 1351379 ACCRUED LIABILITIES 511062 DEFERRED COMPENSATION- CONTRA 141331 652393 13666138 13666138 13666138 13302249 13302249 13302249 X X X X X X false true false MICHAEL COUICK PRESIDENT & CEO 526103 61190 14441 150381 15910 768025 PEGGY DANTZLER VP - LC & TRAINING 171345 4303 3019 78644 4850 262161 CHRIS KOON SR VP-GEN COUNSEL 263110 2778 1393 120165 8786 396232 JOHN FRICK VP-GOVN RELATIONS 264247 2778 1336 120165 3850 392376 ANN WESTBROOK CFO 182287 1966 6157 85791 12583 288784 MICHAEL SMITH VP- BUSINESS & TECH 184009 2828 5705 88037 15651 296230 SCHEDULE J, PAGE 1, PART I, LINE 4 MICHAEL COUICK 0 55,693 0 SCHEDULE J, PART III OTHER REPORTABLE COMPENSATION (COLUMN B (III))INCLUDES GROUP TERM LIFE INSURANCE BENEFITS FOR AMOUNTS OVER 50,000 AND EMPLOYER PROVIDED AUTOMOBILE INCOME. RETIREMENT AND OTHER DEFERRED COMPENSATION (COLUMN C) INCLUDES EMPLOYER 401(K) MATCHING, EMPLOYER CONTRIBUTIONS TO RETIREMENT SECURITY PLAN, AND EMPLOYER CONTRIBUTIONS TO THE EXECUTIVE BENEFIT RESTORATION PLAN (EBR PLAN). NONTAXABLE BENEFITS (COLUMN D) INCLUDE EMPLOYER PAID INSURANCE PREMIUMS (HEALTH, DENTAL, ETC.), EMPLOYER AND EMPLOYEE CONTRIBUTIONS TO HEALTH SAVINGS ACCOUNTS, AND EMPLOYEE CONTRIBUTIONS TO FSA DEPENDENT CARE ACCOUNT. BOTH, COLUMN (C) AND COLUMN (D), INCLUDE BENEFITS THAT ARE NOT REPORTABLE ON W-2, 1099-MISC, OR 1099-NEC, AND THEREFORE ARE NOT SUBJECT TO THE EXCISE TAX FOR TAX-EXEMPT ORGANIZATIONS UNDER IRC SECTION 4960. THE CORPORATION REPORTED PAYMENTS MADE FOR THE EBR PLAN IN THE CURRENT YEAR AS A COMPONENT OF COMPENSATION IN COLUMN (B)(II). AMOUNTS REPORTED IN COLUMN (B)(II) FOR MICHAEL COUICK ON THE 2023 FORM 990 INCLUDE 55,693 IN EBR PLAN PAYMENTS AND HAVE BEEN DISBURSED TO COMPLY WITH IRS RULES AND IN ACCORDANCE WITH THE CORPORATION'S BOARD ADOPTED EBR PLAN. FORM 990, PAGE 2, PART III, LINE 4A SEE SCHEDULE O ECSC IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO: -FOSTER, DEVELOP AND ENCOURAGE THE PROGRAM OF RURAL ELECTRIFICATION IN THE STATE OF SOUTH CAROLINA -FURTHER THE GENERAL WELFARE AND TO PROMOTE THE INTEREST OF THE MEMBERS OF ECSC; TO FURTHER THE SAFETY, STABILITY, SECURITY AND PROSPERITY OF ELECTRIC COOPERATIVES; TO AID IN SOLVING THE PROBLEMS COMMON TO ELECTRIC COOPERATIVES -DISSEMINATE INFORMATION RELATING TO THE RURAL ELECTRIFICATION PROGRAM; TO COOPERATE WITH FEDERAL, STATE AND MUNICIPAL AGENCIES IN THE PROMOTION OF RURAL ELECTRIFICATION AND NATIONAL, STATE, COMMUNITY AND RURAL DEVELOPMENT; TO PROVIDE SERVICES AND INFORMATIONAL PROGRAMS THAT WILL STIMULATE LOCAL GROWTH, STABILITY AND SECURITY AND STRENGTHEN THE ELECTRIC COOPERATIVE PROGRAM IN SOUTH CAROLINA -OTHERWISE ASSIST THE MEMBERS OF ECSC TO PROVIDE ELECTRIC ENERGY TO INHABITANTS OF MEMBER SERVICE AREAS AT THE LOWEST POSSIBLE COST CONSISTENT WITH SOUND ECONOMY -OPERATE ALWAYS FOR THE BENEFIT OF ITS MEMBER COOPERATIVES AND THROUGH THEM FOR THE BENEFIT OF THEIR CONSUMERS, DOING THOSE THINGS THROUGH ECSC THAT CAN BE DONE BETTER TOGETHER THAN INDIVIDUALLY FORM 990, PAGE 6, PART VI, LINE 4 AMENDMENT WAS MADE TO BY-LAWS ON DECEMBER 5, 2023 TO ARTICLE III, SECTION 5 - FOR PURPOSES OF CLARITY IN REGARD TO AN EXECUTED INSTRUMENT, IN WRITING, STATING THE NAMES OF EACH MEMBER'S REPRESENTATIVE, ALTERNATE REPRESENTATIVE, AND DATES OF EXPIRATION OF THEIR RESPECTIVE TERMS. THE AMENDMENT NOW SPECIFICALLY STATES THE INSTRUMENT SHOULD BE EXECUTED BY EITHER 1) THE BOARD CHAIR OR 2) BOTH THE BOARD VICE-CHAIR AND SECRETARY OF SUCH MEMBER UNDER ITS CORPORATE SEAL. FORM 990, PAGE 6, PART VI, LINE 6 THE CORPORATION HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS. FORM 990, PAGE 6, PART VI, LINE 7A THE CORPORATION'S GOVERNING BODY CONSISTS OF TWO REPRESENTATIVES FROM EACH MEMBER COOPERATIVE AS PROVIDED FOR IN ITS 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 ITS BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE BOARD WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM. FORM 990, PAGE 6, PART VI, LINE 12C THE CORPORATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED THROUGH THE USE OF A COMPENSATION SURVEY PERFORMED BY AN INDEPENDENT CONSULTANT AND A PERFORMANCE REVIEW CONDUCTED BY THE COMPENSATION COMMITTEE AS INDICATED IN HIS EMPLOYMENT CONTRACT THAT IS PUT INTO ACTION BY THE MEMBER-ELECTED BOARD. FORM 990, PAGE 6, PART VI, LINE 19 THE CORPORATION MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 IS AVAILABLE ON THE CORPORATION'S WEBSITE AND UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18.