2025-11-06T16:12:36-05:00 2024-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2024-01-01 590329555 LEE COUNTY ELECTRIC COOPERATIVE INC LEEC 2399952121 PO BOX 3455 NORTH FORT MYERS FL 33918 SARAH BULLOCK DIR OF FINANCE/CFO 2399952121 2025-11-05 false H TERRELL MCMICHAEL JR P01259982 4787466277 2025-11-06 2024 2025-03-06 01:10:19Z SARAH BULLOCK 4980 BAYLINE DRIVE NORTH FORT MYERS FL 33918 616892109 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 10 523 0 0 598480397 607494772 2505620 621724 7123809 7998952 608109826 616115448 37500 67500 5169713 12378835 3686595 3753206 0 0 495885925 531011590 504779733 547211131 103330093 68904317 1061061386 1262768758 567922352 694215248 493139034 568553510 LCEC PROVIDES EFFICIENT, RELIABLE, COST-COMPETITIVE ELECTRIC AND EMERGING ENERGY SOLUTIONS AND EXCELLENT SERVICE TO OUR CUSTOMERS. false false UTILIZING APPROXIMATELY 9,195 MILES OF DISTRIBUTION LINES, LEE COUNTY ELECTRIC COOPERATIVE, INC. PROVIDED 4,588,781,578 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 207 0 true 523 true false false false false false 602785229 2978694 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 58.00 X 723445 0 89993 SARAH BULLOCK DIR OF FINAN 50.00 X 379577 0 69628 EDWARD NAGY DIRECTOR, IT 40.00 X 295423 0 81530 RODNEY C HAWKINS DIRECTOR, EL 55.00 X 296427 0 60179 KAREN RYAN DIRECTOR OF 50.00 X 260893 0 55518 SANDRA THOMPSON DIRECTOR OF 48.00 X 253018 0 58426 GARY AVIN DIR. MEMB. S 50.00 X 253411 0 55652 DEREK HOLLAND LINEMAN 79.00 X 257398 0 45200 WALTER RUTH DIR. OF BUS. 55.00 X 231137 0 59764 TROY HAMILTON LINEMAN 73.00 X 247755 0 39093 AMANDA SMELKER DIR, ADMIN S 45.00 X 222053 0 58136 RICHARD B LEWIS LINEMAN 70.00 X 221967 0 50372 SHANE LEACH LINEMAN 72.00 X 227320 0 37605 MYRON MARTIN MGR-PROC./SU 45.00 X 215204 0 47710 CHAUNCEY P GOSS TRUSTEE 4.00 X 26850 0 0 DAVID BEAM TRUSTEE 4.00 X 25850 0 0 RICK JOYCE TRUSTEE 10.00 X 25850 0 0 MICHAEL POWELL TRUSTEE/PRES 13.00 X 25850 0 0 RICHARD TURBEVILLE TRUSTEE 6.00 X 25850 0 0 RUSSELL PRIDDY TRUSTEE 6.00 X 24750 0 0 TARIK AYASUN TRUSTEE 1.00 X 23500 0 0 ELEANOR M FLANNERY TRUSTEE 5.00 X 23500 0 0 RHICHARD PRITCHETT III TRUSTEE 5.00 X 23500 0 0 CRAIG WOODWARD TRUSTEE 6.00 X 23500 0 0 4334028 808806 222 false true false GRESCO UILITY SUPPLY 1135 RUMBLE ROAD FORSYTH GA 31029 ELECTRIC DISTR. 27426617 WESCO DISTRIBUTION INC 225 W STATION SQUARE DR PITTSBURGH PA 19219 ELECTRIC DISTR. 25449528 STUART C IRBY CO 815 IRBY DRIVE JACKSON MS 39215 ELECTRIC DISTR. 21909141 MASTEC NORTH AMERICA INC 800 S DOUGLAS ROAD CORAL GABLES FL 33134 MAINT. & CONSTR 17304962 PIKE ELECTRIC LLC 8695 COLLEGE PKWY FORT MYERS FL 33919 MAINT. & CONSTR 14303015 91 ELECTRIC REVENUE 602785229 602785229 PATRONAGE CAPITAL 4709543 4709543 607494772 205319 205319 8002537 8002537 8002537 8002537 416405 416405 416405 416405 773076 776661 -3585 -3585 616115448 607491187 8624261 67500 12378835 3753206 21477528 37943070 PURCHASED POWER 362429242 DISTRIBUTION MAINT AND OP 35974027 ADMIN. & GENERAL EXP. 20160253 REGULATORY EXPENSE 15450495 37576975 547211131 0 0 0 3480592 1671679 96465346 96028425 22475546 34618283 15129374 13630633 1525618985 491337197 843184141 1034281788 80326387 82537950 1061061386 1262768758 63980393 137559890 332511026 312924642 112534632 177462338 58896301 66268378 567922352 694215248 X 1063300 1103320 21911 21911 492053823 567428279 493139034 568553510 1061061386 1262768758 X 68904317 6510159 X false true X true true true 40000 19116869 19156869 1504983866 490323399 1014660467 1478250 1013798 464452 1034281788 PATRONAGE CAPITAL - SEMINOLE ELECTRI 51939461 PATRONAGE CAPITAL - COBANK MEMBERSHI 13009676 PATRONAGE CAPITAL - CFC 10141400 PATRONAGE CAPITAL - OTHER 7447413 82537950 DEFERRED CREDITS 56279746 CONSUMER DEPOSITS 9988632 66268378 X 599120058 599120058 16995390 16995390 616115448 519381801 519381801 27829330 27829330 547211131 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 740, INCOME TAXES. THE GUIDANCE PRESCRIBES A RECOGNITION OF TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. SCHEDULE D, PAGE 4, PART XI, LINE 4B NON-OPERATING LOSS/INCOME 1,544,895 REGULATORY NON-OPERATING CHARGE 15,450,495 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL 12,378,835 REGULATORY EXPENSE 15,450,495 true UNITED WAY OF LEE COUNTY 7275 CONCOURSE DRIVE FORT MYERS FL 33908 591005169 60000 HORIZON FOUNDATION INC 8412800 UNIVERSITY DRIVE FORT MYERS FL 33907 650872214 7500 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. THE HORIZON FOUNDATION, A CHARITABLE 501(C)(3) ORGANIZATION, WAS ESTABLISHED TO PROVIDE A FUNDING VEHICLE FOR BUSINESSES TO INVEST IN THE LONGTERM ECONOMIC DEVELOPMENT AND VITALITY OF LEE COUNTY. THE FOUNDATION RAISES PRIVATE SECTOR MONEY TO SUPPORT THE EFFORTS OF THE LEE COUNTY ECONOMIC DEVELOPMENT OFFICE AND THE HORIZON COUNCIL IN ORDER TO IMPROVE THE AREA'S BUSINESS CLIMATE. LCEC PARTICIPATES REGULARY ON COMMITTEES AND REGIONAL INITIATIVES. FUNDING IS PARTLY IN SUPPORT OF THE INDUSTRY APPRECIATION OF AREA LEADERS AND COMPANIES. X X X X X false false false DENISE M VIDAL EVP/CEO 556123 165000 2322 69080 20913 813438 SARAH BULLOCK DIR OF FINANCE/CFO 322332 50619 6626 52257 17371 449205 EDWARD NAGY DIRECTOR, IT/CIO 253571 39850 2002 55128 26402 376953 RODNEY C HAWKINS DIRECTOR, ELEC. OPS 251387 38264 6776 49648 10531 356606 KAREN RYAN DIRECTOR OF PR 222294 33911 4688 45014 10504 316411 SANDRA THOMPSON DIRECTOR OF HR 215559 35705 1754 37513 20913 311444 GARY AVIN DIR. MEMB. SRVS 217854 35001 556 44763 10889 309063 DEREK HOLLAND LINEMAN 252378 4931 89 18798 26402 302598 WALTER RUTH DIR. OF BUS. CONT. 204917 24737 1483 39050 20714 290901 TROY HAMILTON LINEMAN 247494 261 19792 19301 286848 AMANDA SMELKER DIR, ADMIN SRVS 191229 30569 255 33729 24407 280189 RICHARD B LEWIS LINEMAN 216644 5167 156 23769 26603 272339 SHANE LEACH LINEMAN 225188 1884 248 20823 16782 264925 MYRON MARTIN MGR-PROC./SUP CHAIN 187000 20567 7637 30539 17171 262914 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 TEN (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 MCNAIR, MCLEMORE, MIDDLEBROOKS &CO. IT IS REVIEWED BY SUPERVISOR, FINANCIAL PLANNING AND ANALYSIS AND STAFF, DIRECTOR OF FINANCE & SUPPLY CHAIN/CHIEF FIANACIALOFFICER (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 40,020 ACCUMULATED COMPRHENSIVE INCOME 3,618,018 CAPITAL CREDIT REIREMENT 2,744,762 ESTATE RETIREMENTS 107,359 TOTAL 6,510,159