2025-03-25T17:11:51-04:00 2024-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2024-01-01 570199889 LITTLE RIVER ELECTRIC COOPERATIVE INC LITT 8643662141 PO BOX 220 ABBEVILLE SC 296200220 CHAD STONE GM/CEO EFF 12.16.24 8643663603 2025-03-24 true false WILLIAM R ROUNTREE P01231836 4787466277 2025-03-25 2024 2025-03-06 01:10:19Z CHAD STONE PO BOX 220 ABBEVILLE SC 29620 34226448 false X HTTP://WWW.LRECI.COOP/ X 1940 SC TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. 7 7 33 0 0 31446880 33958135 189599 268313 0 31636479 34226448 0 1283319 2840557 492112 633429 0 0 29671449 30437730 31446880 33911716 189599 314732 73327127 80487337 46752222 51161705 26574905 29325632 X TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. false false 33911716 TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. N/A 33911716 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 true false false true 33 0 true 33 true false false false false false 33272210 373068 false false false X 7 7 false false false false true true true true true true false true true true true true true true true false SC X TECIE NEW 8643662141 300 CAMBRIDGE STREET ABBEVILLE SC 29620 X TRAVIS BURRISS PRESIDENT 12.00 X X 15300 0 0 TERRY RICKETTS VICE PRESIDE 13.38 X X 21150 0 0 PATSY WILSON SECRETARY/TR 11.85 X X 18000 0 0 WAYNE ERWIN TRUSTEE 8.77 X 18000 0 0 MICHAEL JOHNSON TRUSTEE 5.85 X 9900 0 0 RN PARKER TRUSTEE 4.31 X 13950 0 0 MIKE PRICE TRUSTEE 2.81 X 9450 0 0 SANDY CAMPBELL TRUSTEE 2.62 X 6300 0 0 WAYNE GARY TRUSTEE X 3600 0 0 CHAD STONE GM/CEO EFF 1 50.00 X 159208 0 49822 STEPHEN BUSBEE OPERATION SE 50.00 X 133259 0 44839 BRET TIMMERMAN DISTR. SYS. 50.00 X 135204 0 48768 MICHAEL HALL ENGINEER SER 50.00 X 141042 0 38253 DUSTIN LAUGHLIN DIST. SYS. F 50.00 X 130950 0 42518 TECIE NEW MGR. OF FINA 50.00 X 134510 0 43436 JEFF LEWIS GM/CEO THRU 50.00 X 227609 0 81140 1177432 348776 18 false true false UTILITY PARTNERS OF AMERICA PO BOX 644730 PITTSBURGH PA 15264 POLE INSPECTION 862657 CLCI SERVICES LLC 1247 PATTERSON PLANT ROAD ENOREE SC 29335 RIGHT-OF-WAY 791465 BILL'S TREE SERVICE 1741 GREENWOOD HIGHWAY MCCORMICK SC 29835 RIGH-OF-WAY 725006 BRB UTILITY VEGETATION MANAGEMENT 120 HOLLY HILLS DRIVE HARTWELL GA 30643 RIGHT-OF-WAY 187445 4 ELECTRIC REVENUE 221000 33272210 33272210 G & T CAPITAL CREDITS 221000 327363 327363 POLE RENTAL 221000 219789 219789 OTHER CAPITAL CREDITS 221000 92354 92354 OTHER 221000 46419 46419 33958135 268313 268313 34226448 33738346 488102 2840557 633429 289785 1356656 2259164 PURCHASED POWER 18052394 DISTRIBUTION OPERATIONS 2989120 DISTRIBUTION MAINTENANCE 2665853 ADMIN. & GENERAL EXP. 1118380 1706378 33911716 0 0 0 2144903 3351045 3783802 4161224 949795 1112705 281925 280472 89356190 25710764 61609317 63645426 4557385 4912685 3023780 73327127 80487337 2231501 3461360 42781380 45958320 1739341 1742025 46752222 51161705 X 112525 114075 26462380 29211557 26574905 29325632 73327127 80487337 X 314732 2435995 X false true X true false 92309 92309 1472006 897223 574783 87791875 24813541 62978334 63645426 INVESTMENT IN ASSOC ORG - NEW HORIZO 1743721 C INVESTMENTS IN ASSOC ORG - CENTRAL 931633 C INVESTMENT IN ASSOC ORG - CEEUS 615752 C INVESTMENTS IN ASSOC ORG- CAPITAL SE 500000 C INVESTMENTS IN ASSOC ORG - CTCS 396506 C INVESTMENT IN ASSOC ORG - CFC 311221 C OTHER 269277 C INVESTMENT IN ASSOC ORG - SEDC 144575 C 4912685 APBO - RETIREE HEALTHCARE 1156090 CONSUMER DEPOSITS 585935 1742025 34226448 34226448 34226448 31071159 31071159 2840557 2840557 33911716 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL ASSIGNED 2,840,557 X X X false false false CHAD STONE GM/CEO EFF 12.16.24 153565 2262 3381 42479 7343 209030 STEPHEN BUSBEE OPERATION SERV. MGR 126856 1560 4843 38043 6796 178098 BRET TIMMERMAN DISTR. SYS. FOREMAN 131489 1491 2224 34969 13799 183972 MICHAEL HALL ENGINEER SERV. MGR. 130520 4666 5856 38253 179295 DUSTIN LAUGHLIN DIST. SYS. FOREMAN 129134 1491 325 34969 7549 173468 TECIE NEW MGR. OF FINANCE 129169 4938 403 43436 177946 JEFF LEWIS GM/CEO THRU 8.9.24 189538 38071 70641 10499 308749 FORM 990, PAGE 2, PART III, LINE 4D N/A 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 9 JEFF LEWIS P.O. BOX 220 ABBEVILLE, SC 29620 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 COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR TOP MANAGEMENT IS REVIEWED AND APPROVED THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE MEMBER-ELECTED BOARD. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR OTHER KEY MANAGEMENT POSITIONS IS REVIEWED AND APPROVED THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE MEMBER-ELECTED BOARD. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI, SECTION C, LINE 18. FORM 990, PART VII THE CORPORATION HAD EIGHT BOARD SEATS AS OF DECEMBER 31, 2023. DURING THE TAX YEAR, MR. WAYNE GARY PASSED AWAY. IN ACCORDANCE WITH THE CORPORATION'S BYLAWS, THE BOARD DISTRICTS WERE UPDATED AND A BOARD SEAT WAS ELIMINATED. THE CORPORATION'S BOARD IS NOW COMPRISED OF SEVEN BOARD SEATS AS OF DECEMBER 31, 2024. MR. GARY IS PRESENTED AS AN OFFICER OF THE CORPORATION ON THE CURRENT YEAR FORM 990, AS HE DID SERVE ON THE BOARD DURING THE TAX YEAR. IN ACCORDANCE WITH SOUTH CAROLINA LAW (SECTION 33-49-160), DETAILED COMPENSATION DISCLOSURES FOR THE BOARD OF TRUSTEES ARE REQUIRED TO BE ACCESSIBLE AND VISIBLE TO MEMBERS OF THE COOPERATIVE. THE COOPERATIVE MAKES THIS DETAILED INFORMATION AVIALABLE THROUGH ITS MEMBER PORTAL. JEFF LEWIS STEPPED DOWN AS GM/CEO EFFECTIVE AUGUST 9, 2024. CHAD STONE WAS APPOINTED INTERIM GM/CEO AT THAT TIME. MR. STONE WAS MADE THE FULL-TIME GM/CEO EFFECIVE DECEMBER 16, 2024. IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS, BOTH MR. LEWIS AND MR. STONE ARE REPORTED AS OFFICERS OF THE CORPORATION FOR THE TAX YEAR AS BOTH SERVED IN THE CAPACITY OF GM/CEO DURING THE YEAR. FORM 990, PART XI, LINE 9 PATRONAGE CAPITAL ASSIGNED 2,840,557 MEMBERSHIPS 1,550 OTHER EQUITY 881,257 PATRONAGE CAPITAL CREDITS RETIRED -1,168,891 OTHER COMPREHENSIVE INCOME -118,478 TOTAL 2,435,995 LITTLE RIVER ELECTRIC TRUST 300 CAMBRIDGE STREET ABBEVILLE SC 29620 570963364 NON-PROFIT SC 3 7 N/A false false true false false false false false false false false false false false false false false false false false LITTLE RIVER ELECTRIC TRUST B 3177 FMV SCHEDULE R THE CORPORATION'S MEMBERS CAN PARTICIPATE IN AN OPERATION ROUNDUP PROGRAM AND HAVE THEIR ELECTRIC BILL ROUNDED TO THE NEXT HIGHEST WHOLE DOLLAR EACH MONTH. THESE FUNDS ARE TREATED AS CONTRIBUTIONS TO THE LITTLE RIVER ELECTRIC TRUST, A NONPROFIT 501(C)(3) ORGANIZATION. LITTLE RIVER ELECTRIC TRUST (THE FOUNDATION) MAINTAINS A SEPARATE BOARD OF DIRECTORS WHICH APPROVES CHARITABLE ASSISTANCE TO THE AREAS SERVED BY LITTLE RIVER ELECTRIC COOPERATIVE, INC. THE FOUNDATION HAS NO EMPLOYEES. THE TRANSACTIONS BETWEEN THE COROPORATION AND THE FOUNDATION REPORTED ON SCHEDULE R, PART V REPRESENT THE VALUE OF THE SERVICES DONATED BY THE CORPORATION TO THE FOUNDATION. SEE THE FOLLOWING WEBSITE FOR FURTHER INFORMATION: HTTPS://LRECI.COOP/SERVING-OUR-COMMUNITY/OPERATION-ROUND-UP/