Civic Intelligence

Little River Electric Cooperative Inc

990 • Fiscal year 2017 • EIN 57-0199889

Jan 01, 2017 to Dec 31, 2017 • Filed on May 22, 2018

Organization ProfileWWW.LRECI.COOP
PO Box 220Abbeville, SC 29620-0220

(864) 366-2141

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

0.77x

Higher debt load relative to assets than 98% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

76th percentile

1.83x

Higher debt load relative to revenue than 76% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Net Margin

53rd percentile

0.4%

Higher net margin than 53% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

13th percentile

$167,227

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Asset Growth

33rd percentile

1.6%

Faster asset growth than 33% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

34th percentile

-0.1%

Faster revenue growth than 34% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$64,166,961

Up $1,008,968 (+1.6%) from 2016

Net Assets

Up

$14,767,229

Up $1,213,191 (+9.0%) from 2016

Liabilities

Down

$49,399,732

Down $204,223 (-0.4%) from 2016

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin53rd percentile

Revenue

Down

$26,926,845

Down $35,367 (-0.1%) from 2016

Expenses

Down

$26,809,230

Down $152,982 (-0.6%) from 2016

Net Income

Up

$117,615

Up $117,615 from 2016

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2011: $55,398,718Liabilities 2011: $46,272,630Net Assets 2011: $9,126,0882011Assets 2012: $57,269,893Liabilities 2012: $48,140,943Net Assets 2012: $9,128,9502012Assets 2013: $58,998,707Liabilities 2013: $49,626,693Net Assets 2013: $9,372,0142013Assets 2014: $60,519,396Liabilities 2014: $49,998,872Net Assets 2014: $10,520,5242014Assets 2015: $61,369,594Liabilities 2015: $49,216,067Net Assets 2015: $12,153,5272015Assets 2016: $63,157,993Liabilities 2016: $49,603,955Net Assets 2016: $13,554,0382016Assets 2017: $64,166,961Liabilities 2017: $49,399,732Net Assets 2017: $14,767,2292017Assets 2018: $68,465,268Liabilities 2018: $50,993,361Net Assets 2018: $17,471,9072018Assets 2019: $68,638,782Liabilities 2019: $48,694,071Net Assets 2019: $19,944,7112019Assets 2020: $70,741,719Liabilities 2020: $49,358,718Net Assets 2020: $21,383,0012020Assets 2021: $70,450,440Liabilities 2021: $46,725,457Net Assets 2021: $23,724,9832021Assets 2022: $75,142,433Liabilities 2022: $49,626,027Net Assets 2022: $25,516,4062022Assets 2023: $73,327,127Liabilities 2023: $46,752,222Net Assets 2023: $26,574,9052023Assets 2024: $80,487,337Liabilities 2024: $51,161,705Net Assets 2024: $29,325,6322024Assets 2025: $87,262,927Liabilities 2025: $54,940,193Net Assets 2025: $32,322,7342025

Highlighted filing

2017

Assets$64,166,961
Liabilities$49,399,732
Net Assets$14,767,229
Open 2017 Filing

Operations Trend

Revenue Growth34th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0Revenue 2011: $25,278,510Expenses 2011: $25,278,510Net Income 2011: $02011Revenue 2012: $24,294,231Expenses 2012: $24,294,231Net Income 2012: $02012Revenue 2013: $25,615,151Expenses 2013: $25,615,151Net Income 2013: $02013Revenue 2014: $27,278,586Expenses 2014: $27,278,586Net Income 2014: $02014Revenue 2015: $26,193,682Expenses 2015: $26,193,682Net Income 2015: $02015Revenue 2016: $26,962,212Expenses 2016: $26,962,212Net Income 2016: $02016Revenue 2017: $26,926,845Expenses 2017: $26,809,230Net Income 2017: $117,6152017Revenue 2018: $30,182,291Expenses 2018: $30,006,338Net Income 2018: $175,9532018Revenue 2019: $29,448,983Expenses 2019: $29,219,082Net Income 2019: $229,9012019Revenue 2020: $28,388,872Expenses 2020: $28,325,551Net Income 2020: $63,3212020Revenue 2021: $30,444,583Expenses 2021: $29,714,120Net Income 2021: $730,4632021Revenue 2022: $31,592,526Expenses 2022: $31,498,857Net Income 2022: $93,6692022Revenue 2023: $31,636,479Expenses 2023: $31,446,880Net Income 2023: $189,5992023Revenue 2024: $34,226,448Expenses 2024: $33,911,716Net Income 2024: $314,7322024Revenue 2025: $39,237,867Expenses 2025: $39,012,429Net Income 2025: $225,4382025

Highlighted filing

2017

Revenue$26,926,845
Expenses$26,809,230
Net Income$117,615
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 22, 2018
Return Version
2017v2.3
Gross Receipts
$26,926,845
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$53,487,099$54,158,424▲ $671,325
Rtn Earn Endowment Incm Other Fnds$13,451,838$14,664,424▲ $1,212,586
Investments Program Related$3,703,882$3,697,168▼ $6,714
Accounts Receivable$1,996,301$2,096,234▲ $99,933
Cash and Non-Interest-Bearing Accounts$1,872,759$2,053,179▲ $180,420
Inventories for Sale or Use$748,921$587,140▼ $161,781
Prepaid Expenses and Deferred Charges$106,090$107,956▲ $1,866
Pd in Cap Srpls Land Bldg Eqp Fund$102,200$102,805▲ $605
Total Assets$63,157,993$64,166,961▲ $1,008,968
Other Assets Total$1,242,941$1,466,860▲ $223,919
Liabilities
Mortgage Notes Payable Secured by Investment Property$44,440,247$43,786,565▼ $653,682
Other Liabilities$3,438,027$3,540,470▲ $102,443
Accounts Payable and Accrued Expenses$1,725,681$2,072,697▲ $347,016
Total Liabilities$49,603,955$49,399,732▼ $204,223
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,554,038$14,767,229▲ $1,213,191
Total Liabilities and Net Assets / Fund Balance$63,157,993$64,166,961▲ $1,008,968

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$53,375,349$16,892,338$70,267,687
Buildings$690,766$661,535$1,352,301
Land$92,309-$92,309
Investment Program Related Org$122,558--
Compensation and Service Providers
Top Officer Pay13th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael EllisGeneral ManaFT$112,988$54,239$167,227
Michael EllisGeneral Manager-$107,191$60,036$167,227
Bobby FerrisGeneral Mgr-FT$129,007$36,928$165,935
Bobby FerrisGeneral Mgr-former-$50,315$115,620$165,935
Rn ParkerTrusteePT$31,145-$31,145
Michael JohnsonTrusteePT$30,942-$30,942
William ShirleyPresidentPT$29,526-$29,526
R Cleland ManningVice PresidePT$27,787-$27,787
Kay D BrewerSecretary/trPT$26,997-$26,997
Charlene HaynesTrustee-$23,956-$23,956
Wf DavisTrusteePT$15,782-$15,782
Herman JacksonTrusteePT$14,190-$14,190
Wayne GaryTrusteePT$14,021-$14,021
Susie NewTrusteePT$12,355-$12,355
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$26,816,082
Investment Income
$110,763
Other Revenue
$0
Change in Net Assets
$117,615
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24,896,313
Salaries, Compensation, and Employee Benefits$559,864
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$1,827,426
Benefits to Members---$1,353,053
Interest---$1,307,560
Other Expenses---$927,470
All Other Expenses---$852,001
Current Officers, Directors, Trustees, and Key Employees---$559,864
Office Expenses---$194,446
Total Functional Expenses$0$0$0$26,809,230
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accum Prov for Pension & Benefits$2,936,700
Consumer Deposits$603,770
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

“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.”

Filing and Contact Details

Filer

Filer Name
Little River Electric
EIN
57-0199889
Phone
8643662141
Address
PO BOX 220, ABBEVILLE, SC 29620-0220
Doing Business As
Attn Michael Ellis

Signing Officer

Name
Michael Ellis
Title
General Manager
Phone
8643663603
Signed
2018-05-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Ellis
Formed
1940
Legal Domicile
Sc
Voting Board Members
10
Independent Board Members
10
Employees
33

Preparer

Firm
Mcnair Mclemore Middlebrooks & Co LLC
Address
POST OFFICE BOX ONE, MACON, GA 31202-0001
Preparer
William R Rountree
Phone
4787466277
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Donated capital 369 membership fees 605 retired capital credits - gain 21 patronage capital credits 1,353,053 patronage capital credits retired -199,992 other comprehensive income -54,900 other equity -3,580 total 1,095,576”

Financial Statement Notes

Schedule D, Page 4, Part XIII

“Little river's fiscal year end is february 28. Little river's financial statements were audited at february 28, 2018 and 2017.”

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IRS990/OtherExpensesGrp/Desc2DISTRIBUTION MAINTENANCE
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IRS990/OtherExpensesGrp/TotalAmt12422034
IRS990/OtherExpensesGrp/TotalAmt21592979
IRS990/OtherExpensesGrp/TotalAmt3927470
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IRS990/PrincipalOfficerNm0MICHAEL ELLIS
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IRS990/ProgramServiceRevenueGrp/Desc0ELECTRICITY SALES
IRS990/ProgramServiceRevenueGrp/Desc1POLE RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2OTHER CAPITAL CREDITS
IRS990/ProgramServiceRevenueGrp/Desc3G & T CAPITAL CREDITS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt166906
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt238835
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt327457
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt166906
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt238835
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt327457
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt01143632
IRS990/PYInvestmentIncomeAmt0146862
IRS990/PYOtherExpensesAmt025236366
IRS990/PYProgramServiceRevenueAmt026815350
IRS990/PYRevenuesLessExpensesAmt0146853
IRS990/PYSalariesCompEmpBnftPaidAmt0435361
IRS990/PYTotalExpensesAmt026815359
IRS990/PYTotalRevenueAmt026962212
IRS990/ReconcilationRevenueExpnssAmt0117615
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt013451838
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt014664424
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0690766
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0661535
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01352301
IRS990ScheduleD/EquipmentGrp/BookValueAmt053375349
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016892338
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt070267687
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01443739
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1500000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2452252
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3443590
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4304847
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt5297672
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt6132510
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt7122558
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN ASSOC ORG-NEW HORIZON
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN CFC-CAP SECURITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2INVESTMENT IN ASSOC ORG-CTCS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3INVESTMENT IN ASSOC ORG-CEEUS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4INVESTMENT IN ASSOC ORG-CENTRAL
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5INVESTMENT IN ASSOC ORG - CFC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6OTHER INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc7INVESTMENT IN ASSOC ORG-SEDC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd7C
IRS990ScheduleD/LandGrp/BookValueAmt092309
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt092309
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02936700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1603770
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCUM PROV FOR PENSION & BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CONSUMER DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LITTLE RIVER'S FISCAL YEAR END IS FEBRUARY 28. LITTLE RIVER'S FINANCIAL STATEMENTS WERE AUDITED AT FEBRUARY 28, 2018 AND 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XIII
IRS990ScheduleD/TotalBookValueLandBuildingsAmt054158424
IRS990ScheduleD/TotalBookValueProgramRltdAmt03697168
IRS990ScheduleD/TotalLiabilityAmt03540470
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0107191
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt150315
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount04100
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount12000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt032459
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt132990
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt021780
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt13938
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt01697
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt176692
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MICHAEL ELLIS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1BOBBY FERRIS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1GENERAL MGR-FORMER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0167227
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1165935
IRS990ScheduleJ/SeverancePaymentInd0true
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0BOBBY FERRIS 69,000 0 0
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 4
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CERTAIN 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED BY THE BOARD WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION FOR TOP MANAGEMENT IS REVIEWED AND APPROVED THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE MEMBER-ELECTED BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COMPENSATION FOR OTHER KEY MANAGEMENT POSITIONS IS REVIEWED AND APPROVED THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE MEMBER-ELECTED BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DONATED CAPITAL 369 MEMBERSHIP FEES 605 RETIRED CAPITAL CREDITS - GAIN 21 PATRONAGE CAPITAL CREDITS 1,353,053 PATRONAGE CAPITAL CREDITS RETIRED -199,992 OTHER COMPREHENSIVE INCOME -54,900 OTHER EQUITY -3,580 TOTAL 1,095,576
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt063157993
IRS990/TotalAssetsEOYAmt064166961
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IRS990/TotalAssetsGrp/EOYAmt064166961
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IRS990/TotalEmployeeCnt033
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt026809230
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt049603955
IRS990/TotalLiabilitiesEOYAmt049399732
IRS990/TotalLiabilitiesGrp/BOYAmt049603955
IRS990/TotalLiabilitiesGrp/EOYAmt049399732
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt013554038
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt014767229
IRS990/TotalOtherCompensationAmt091167
IRS990/TotalProgramServiceRevenueAmt026816082
IRS990/TotalReportableCompFromOrgAmt0468696
IRS990/TotalRevenueGrp/ExclusionAmt0110763
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt026816082
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt026926845
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt063157993
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 220
IRS990/USAddress/CityNm0ABBEVILE
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029620
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0HTTP://WWW.LRECI.COOP/
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL ELLIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0GENERAL MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum08643663603

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$64,166,961
Liabilities
$49,399,732
Net assets
$14,767,229
Revenue
$26,926,845
Expenses
$26,809,230
Net income
$117,615
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$87.3$54.9$32.3$39.2$39.0$0.23
2024Detailed filing. Detailed filing data is available for this year.$80.5$51.2$29.3$34.2$33.9$0.31
2023Detailed filing. Detailed filing data is available for this year.$73.3$46.8$26.6$31.6$31.4$0.19
2022Detailed filing. Detailed filing data is available for this year.$75.1$49.6$25.5$31.6$31.5$0.09
2021Detailed filing. Detailed filing data is available for this year.$70.5$46.7$23.7$30.4$29.7$0.73
2020Detailed filing. Detailed filing data is available for this year.$70.7$49.4$21.4$28.4$28.3$0.06
2019Detailed filing. Detailed filing data is available for this year.$68.6$48.7$19.9$29.4$29.2$0.23
2018Detailed filing. Detailed filing data is available for this year.$68.5$51.0$17.5$30.2$30.0$0.18
2017Detailed filing. Detailed filing data is available for this year.$64.2$49.4$14.8$26.9$26.8$0.12
2016Detailed filing. Detailed filing data is available for this year.$63.2$49.6$13.6$27.0$27.0$0.00
2015Summary only. Only limited summary data is available for this year.$61.4$49.2$12.2$26.2$26.2$0.00
2014Summary only. Only limited summary data is available for this year.$60.5$50.0$10.5$27.3$27.3$0.00
2013Summary only. Only limited summary data is available for this year.$59.0$49.6$9.37$25.6$25.6$0.00
2012Summary only. Only limited summary data is available for this year.$57.3$48.1$9.13$24.3$24.3$0.00
2011Summary only. Only limited summary data is available for this year.$55.4$46.3$9.13$25.3$25.3$0.00