2024-11-12T11:36:42-05:00 2023-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2023-01-01 590329555 LEE COUNTY ELECTRIC COOPERATIVE INC LEEC 2399952121 PO BOX 3455 NORTH FORT MYERS FL 33918 SARAH BULLOCK DIR OF FINANCE/CFO 2399952121 2024-11-05 false H TERRELL MCMICHAEL JR P01259982 4787466277 2024-11-12 2023 2024-10-15 13:58:12Z SARAH BULLOCK 4980 BAYLINE DRIVE NORTH FORT MYERS FL 33918 608910611 false X WWW.LCEC.NET X 1940 FL LEE COUNTY ELECTRIC COOPERATIVE, INC. (LCEC) PROVIDES ELECTRIC TRANSMISSION AND DISTRIBUTION SERVICES TO RESIDENTIAL AND BUSINESS CUSTOMERS WITHIN THE COOPERATIVE'S SERVICE TERRITORY. 10 10 487 0 0 619628774 598480397 250889 2505620 6347534 7123809 626227197 608109826 67500 37500 13104736 5169713 4075758 3686595 0 0 597540815 495885925 614788809 504779733 11438388 103330093 1110507384 1061061386 724924869 567922352 385582515 493139034 LCEC PROVIDES EFFICIENT, RELIABLE, COST-COMPETITIVE ELECTRIC AND EMERGING ENERGY SOLUTIONS AND EXCELLENT SERVICE TO OUR CUSTOMERS. false false UTILIZING APPROXIMATELY 9,008 MILES OF DISTRIBUTION LINES, LEE COUNTY ELECTRIC COOPERATIVE, INC. PROVIDED 4,580,244,295 KILOWATT HOURS OF ELECTRIC ENERGY TO ITS CUSTOMERS LOCATED IN ITS SERVICE TERRITORY. THE SERVICE TERRITORY INCLUDED CAPE CORAL, NORTH FORT MYERS, MARCO ISLAND, SANIBEL AND CAPTIVA ISLANDS, PINE ISLAND, EVERGLADES CITY, IMMOKALEE, AVA MARIA, AND PARTS OF LEHIGH ACRES (ALL IN THE STATE OF FLORIDA). false false false false false false false false false true false true false true true true false false false false false false false false false false true false true false false false false false false false false false false false false false false true 145 0 true 487 true false false false false false 592495593 5984804 false false false X 10 10 false false false false true true true true true false false true true true true true true true true false X SARAH BULLOCK 2399952121 4980 BAYLINE DRIVE NORTH FORT MYERS FL 33918 DENISE M VIDAL EVP/CEO 55.00 X 678889 0 73640 SARAH BULLOCK DIR OF FINAN 60.00 X 322777 0 64817 RODNEY C HAWKINS DIRECTOR, EL 55.00 X 301783 0 51586 EDWARD NAGY DIRECTOR, IT 50.00 X 282449 0 63324 GARY AVIN DIRECTOR OF 45.00 X 234756 0 55744 WALTER RUTH DIR. OF BUS. 50.00 X 238347 0 49776 KAREN RYAN DIRECTOR OF 50.00 X 240221 0 47669 SANDRA THOMPSON DIRECTOR OF 50.00 X 241780 0 43761 TROY HAMILTON LINEMAN 74.00 X 245108 0 27131 DEREK HOLLAND LINEMAN 72.00 X 226608 0 35581 RICHARD B LEWIS LINEMAN 71.00 X 219370 0 42086 TREVOR KALLHOFF LINEMAN 70.00 X 227621 0 31776 FRANK SHERKUS MGR OF CONST 50.00 X 210096 0 39750 AMANDA SMELKER DIR, ADMIN S 50.00 X 191730 0 45815 RUSSELL PRIDDY TRUSTEE/PRES 8.00 X 29350 0 0 TARIK AYASUN TRUSTEE 2.00 X 25850 0 0 DAVID BEAM TRUSTEE 2.00 X 25850 0 0 RICK JOYCE TRUSTEE 10.00 X 25850 0 0 MICHAEL POWELL TRUSTEE 3.00 X 25850 0 0 RICHARD TURBEVILLE TRUSTEE 6.00 X 25850 0 0 ELEANOR M FLANNERY TRUSTEE 3.00 X 23500 0 0 CRAIG WOODWARD TRUSTEE 6.00 X 23500 0 0 RHICHARD PRITCHETT III TRUSTEE 5.00 X 21150 0 0 GEOFFREY ROEPSTORFF TRUSTEE 5.00 X 14100 0 0 CHAUNCEY P GOSS TRUSTEE 8.00 X 9900 0 0 4112285 672456 180 false true false HAUGHLAND ENERGY GROUP LLC 336 SOUTH SERVICE RD MELVILLE NY 11747 MAINT. & CONSTR 35691120 WESCO DISTRIBUTION INC 225 W STATION SQUARE DR PITTSBURGH PA 19219 ELECTRIC DISTR. 22161143 STUART C IRBY CO 815 IRBY DRIVE JACKSON MS 39215 ELECTRIC DISTR. 21071114 MASTEC NORTH AMERICA INC 800 S DOUGLAS ROAD CORAL GABLES FL 33134 MAINT. & CONSTR 18121383 GRESCO UILITY SUPPLY 1135 RUMBLE ROAD FORSYTH GA 31029 ELECTRIC DISTR. 14845438 96 ELECTRIC REVENUE 592993560 592993560 PATRONAGE CAPITAL 5486837 5486837 598480397 204744 204744 7078378 7078378 7078378 7078378 2300876 2300876 2300876 2300876 846216 800785 45431 45431 608109826 598525828 9583998 37500 5169713 3479643 206952 22808343 38060935 COST OF POWER 338137661 DISTRIBUTION MAINTENANCE 42005634 ADMIN & GENERAL EXP 18973850 DISTRIBUTION OPERATIONS 12237680 23661822 504779733 0 0 0 2859039 3480592 108987080 96465346 29021634 22475546 33052964 15129374 1328822602 485638461 859246670 843184141 77339997 80326387 1110507384 1061061386 99100581 63980393 352031302 332511026 237476001 112534632 36316985 58896301 724924869 567922352 X 1036460 1063300 21911 21911 384524144 492053823 385582515 493139034 1110507384 1061061386 X 103330093 4226426 X false true X true true true 40000 15062063 15102063 1312242289 484920319 827321970 1478250 718142 760108 843184141 PATRONAGE CAPITAL - SEMINOLE 51939461 PATRONAGE CAPITAL - COBANK 12437128 PATRONAGE CAPITAL - CFC 9941120 PATRONAGE CAPITAL - OTHER 6008678 80326387 DEFERRED CREDITS 48890425 CONSUMER DEPOSITS 10005876 58896301 X 605183720 605183720 2926106 2926106 608109826 499608755 499608755 5170978 5170978 504779733 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE IS EXEMPT FROM UNITED STATES INCOME TAXES PURSUANT TO 501 (C)(12) OF THE INTERNAL REVENUE CODE, WHICH REQUIRES THAT AT LEAST EIGHTY FIVE PERCENT (85%) OF A COOPERATIVE'S INCOME BE COLLECTED FROM ITS MEMBERS. THE COOPERATIVE FOLLOWS GUIDANCE FOR UNCERTAINTY IN INCOME TAXES WHICH IS PART OF FASB ASC 740, INCOME TAXES. THE GUIDANCE PRESECRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTES FOR FINANCIAL STATEMENT RECOGNITION OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. SCHEDULE D, PAGE 4, PART XI, LINE 4B NON-OPERATING LOSS/INCOME 2,926,106 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL 5,170,978 true UNITED WAY OF LEE COUNTY 7275 CONCOURSE DRIVE FORT MYERS FL 33908 591005169 37500 SCHEDULE I, PAGE 4, PART IV LCEC HAS REPRESENTAION OF THE UNITED WAY (UW) OF LEE, GLADES AND OKEECHOBEE BOARD OF DIRECTORS AND CONTINUALLY MONITORS THE ADMINISTRATION AND USE OF FUNDING TO AREA AGENCIES. IN ADDITION, MULTIPLE LCEC EMPLOYEES HOLD POSITIONS ON THE ANNUAL UW ALLOCATION COMMITTEE. IN THIS ROLE THE COMMITTEE REVIEWS THE FINANCIAL REPORTS, GRANT APPLICATIONS, RESULTS FROM THE PREVIOUS YEAR'S FUNDING ALLOCATION AND MAKES SITE VISITS FOR SELECTED AGENCIES. COMMITTEE MEMBERS MAKE RECOMMENDATIONS FOR FUNDING LEVELS TO BE RECEIVED FROM UW WHICH INCLUDES THE ANNUAL CONTRIBUTION FROM LCEC. X X X X X false false false true DENISE M VIDAL EVP/CEO 526538 149500 2851 59254 14386 752529 SARAH BULLOCK DIR OF FINANCE/CFO 283512 38749 516 43325 21492 387594 RODNEY C HAWKINS DIRECTOR, ELEC. OPS 235646 63063 3074 46336 5250 353369 EDWARD NAGY DIRECTOR, IT/CIO 245414 35033 2002 49032 14292 345773 GARY AVIN DIRECTOR OF CCO 206156 28044 556 39768 15976 290500 WALTER RUTH DIR. OF BUS. CONT. 190536 46328 1483 35225 14551 288123 KAREN RYAN DIRECTOR OF PR 209100 28444 2677 40824 6845 287890 SANDRA THOMPSON DIRECTOR OF HR 210042 29984 1754 32651 11110 285541 TROY HAMILTON LINEMAN 240801 3904 403 19499 7632 272239 DEREK HOLLAND LINEMAN 216871 1417 8320 16890 18691 262189 RICHARD B LEWIS LINEMAN 215452 3762 156 22294 19792 261456 TREVOR KALLHOFF LINEMAN 222134 2262 3225 16284 15492 259397 FRANK SHERKUS MGR OF CONST & MAINT 164769 43863 1464 32905 6845 249846 AMANDA SMELKER DIR, ADMIN SRVS 173677 17372 681 33759 12056 237545 SCHEDULE J, PAGE 1, PART I, LINE 5A NON-TAXABLE BENEFIT AMOUNTS ARE NET OF THE AMOUNT AN EMPLOYEE HAS REIMBURSED TO LCEC FOR BENEFITS. FORM 990, PAGE 6, PART VI, LINE 6 LEE COUNTY ELECTRIC COOPERATIVE, INC. OPERATES ON THE COOPERATIVE BASIS IN ORDER TO PROVIDE AFFORDABLE ELECTRIC ENERGY TO ITS MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A THE COOPERATIVE'S ELEVEN (10) MEMBER BOARD OF DIRECTORS IS CHOSEN BY AND FROM THE MEMBERSHIP. AT EACH ANNUAL MEETING TO WHICH BALLOTS ARE RETURNED, DIRECTORS ARE ELECTED FOR THREE-YEAR STAGGERED TERMS, WITH AT LEAST THREE TO BE ELECTED EACH YEAR. FORM 990, PAGE 6, PART VI, LINE 7B DECISIONS TO DISPOSE OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS, THE DISSOLUTION OF THE COOPERATIVE, AND AMMENDMENTS TO THE BY-LAWS MUST ALL BE APPROVED BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PREPARED BY THE MANAGER, FINANCE & ACCOUNTING AND STAFF. IT IS REVIEWED BY THE DIRECTOR OF FINANCE & SUPPLY CHAIN/CHIEF FIANACIAL OFFICER (CFO)AND EXECUTIVE VICE PRESIDENT EVIP/CHIEF EXECUTIVE OFFICER (CEO), AND REVIEWED WITH THE BOARD OF TRUSTEES. THEN APPROVED BY THE DIRECTOR OF FINANCE & SUPPLY CHAIN/CFO. FORM 990, PAGE 6, PART VI, LINE 12C ON AN ANNUAL BASIS, ALL DIRECTORS, MANAGERS, AND BOARD OF TRUSTEES MUST COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT. THE COMPLETED AND SIGNED STATEMENTS ARE REVIEWED AND MAINTAINED BY THE AUDIT SERVICES DEPARTMENT. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF TRUSTEES APPROVED THE COMPENSATION FOR THE EVP/CEO. THE EVP/CEO COMPENSATION WAS BASED UPON COMPENSATION SURVEY/STUDY. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES WERE BASED UPON THE COMPANY'S STANDARD APPROACH WHEREBY COMPENSATION MIDPOINTS/RANGE ARE ESTABLISHED BY THE HUMAN RESOURCES DEPARTMENT BASED UPON MARKET RATES, THE INDIVIDUAL PERFORMANCE AND ASSOCIATED COMPENSATION BASED SALARY ACTION IS DETERMINED BY THR NEXT LEVEL OF SUPERVISION. THE INCENTIVE PAY PORTION IS DETERMINED BY THE HUMAN RESOURCE DEPARTMENT FOR COMPLIANCE WITH THE SAID PROGRAM. THE BOARD OF TRUSTEES APRROVES THE INCENTIVE PROGRAM. FORM 990, PAGE 6, PART VI, LINE 19 FORM 990 IS AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9 MEMBERSHIP FEES 26,840 ACCUMULATED COMPRHENSIVE INCOME 1,833,896 CAPITAL CREDIT REIREMENT 2,330,415 ESTATE RETIREMENTS 35,275 TOTAL 4,226,426