Civic Intelligence

Lynches River Electric

990 • Fiscal year 2019 • EIN 57-0201923

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 02, 2020

PO Box 308Pageland, SC 29728

(843) 672-6111

Siviq Scores

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

Liabilities / Assets

64th percentile

0.57x

Higher debt load relative to assets than 64% of similar nonprofits.

2019 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

27th percentile

0.98x

Higher debt load relative to revenue than 27% of similar nonprofits.

2019 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2019

Net Margin

48th percentile

0.0%

Higher net margin than 48% of similar nonprofits.

2019 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

61st percentile

$278,193

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2019 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2019

Asset Growth

72nd percentile

5.0%

Faster asset growth than 72% of similar nonprofits.

2019 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

59th percentile

1.9%

Faster revenue growth than 59% of similar nonprofits.

2019 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Assets

Up

$94,304,215

Up $4,477,674 (+5.0%) from 2018

Net Assets

Up

$40,974,357

Up $7,704,918 (+23%) from 2018

Liabilities

Down

$53,329,858

Down $3,227,244 (-5.7%) from 2018

Revenue

Up

$54,616,104

Up $1,017,183 (+1.9%) from 2018

Expenses

Up

$54,616,104

Up $1,017,183 (+1.9%) from 2018

Net Income

Flat

$0

Flat from 2018

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2011: $88,665,098Liabilities 2011: $59,205,739Net Assets 2011: $29,459,3592011Assets 2012: $87,594,513Liabilities 2012: $60,872,546Net Assets 2012: $26,721,9672012Assets 2013: $91,112,797Liabilities 2013: $63,958,321Net Assets 2013: $27,154,4762013Assets 2014: $89,246,973Liabilities 2014: $60,789,811Net Assets 2014: $28,457,1622014Assets 2015: $90,541,578Liabilities 2015: $61,722,118Net Assets 2015: $28,819,4602015Assets 2016: $90,804,140Liabilities 2016: $62,212,412Net Assets 2016: $28,591,7282016Assets 2017: $90,090,117Liabilities 2017: $57,535,880Net Assets 2017: $32,554,2372017Assets 2018: $89,826,541Liabilities 2018: $56,557,102Net Assets 2018: $33,269,4392018Assets 2019: $94,304,215Liabilities 2019: $53,329,858Net Assets 2019: $40,974,3572019Assets 2020: $106,674,720Liabilities 2020: $63,417,936Net Assets 2020: $43,256,7842020Assets 2021: $119,665,355Liabilities 2021: $73,993,560Net Assets 2021: $45,671,7952021Assets 2022: $136,792,882Liabilities 2022: $88,926,742Net Assets 2022: $47,866,1402022Assets 2023: $143,539,014Liabilities 2023: $90,861,286Net Assets 2023: $52,677,7282023Assets 2024: $148,702,586Liabilities 2024: $91,108,285Net Assets 2024: $57,594,3012024

Highlighted filing

2019

Assets$94,304,215
Liabilities$53,329,858
Net Assets$40,974,357

Operations Trend

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

$80M$60M$40M$20M$0-$20MRevenue 2011: $42,530,349Expenses 2011: $42,530,349Net Income 2011: $02011Revenue 2012: $40,720,563Expenses 2012: $41,023,142Net Income 2012: -$302,5792012Revenue 2013: $42,897,883Expenses 2013: $42,674,926Net Income 2013: $222,9572013Revenue 2014: $46,487,493Expenses 2014: $46,413,346Net Income 2014: $74,1472014Revenue 2015: $48,128,828Expenses 2015: $48,128,828Net Income 2015: $02015Revenue 2016: $46,944,689Expenses 2016: $46,944,689Net Income 2016: $02016Revenue 2017: $51,626,223Expenses 2017: $51,626,223Net Income 2017: $02017Revenue 2018: $53,598,921Expenses 2018: $53,598,921Net Income 2018: $02018Revenue 2019: $54,616,104Expenses 2019: $54,616,104Net Income 2019: $02019Revenue 2020: $53,245,164Expenses 2020: $53,786,702Net Income 2020: -$541,5382020Revenue 2021: $53,676,919Expenses 2021: $55,156,733Net Income 2021: -$1,479,8142021Revenue 2022: $59,003,883Expenses 2022: $59,725,393Net Income 2022: -$721,5102022Revenue 2023: $64,286,476Expenses 2023: $62,801,878Net Income 2023: $1,484,5982023Revenue 2024: $66,070,281Expenses 2024: $66,317,755Net Income 2024: -$247,4742024

Highlighted filing

2019

Revenue$54,616,104
Expenses$54,616,104
Net Income$0
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 2, 2020
Return Version
2019v5.0
Gross Receipts
$54,621,726
Mission and Program Overview

Mission

To provide the best possible electric service to all who desire it within the system service area at a reasonable cost consistent with the highest standards of service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$79,034,029$80,171,200▲ $1,137,171
Rtn Earn Endowment Incm Other Fnds$33,161,269$40,867,082▲ $7,705,813
Accounts Receivable$2,607,806$6,156,251▲ $3,548,445
Investments Program Related$4,290,664$4,517,127▲ $226,463
Inventories for Sale or Use$672,520$935,935▲ $263,415
Prepaid Expenses and Deferred Charges$1,095,458$767,946▼ $327,512
Savings and Temporary Cash Investments$504,724$461,935▼ $42,789
Cash and Non-Interest-Bearing Accounts$553,027$214,652▼ $338,375
Cap Stk Tr Prin Current Funds$108,170$107,275▼ $895
Other Notes and Loans Receivable, Net$64,329$55,578▼ $8,751
Total Assets$89,826,541$94,304,215▲ $4,477,674
Other Assets Total$1,003,984$1,023,591▲ $19,607
Liabilities
Mortgage Notes Payable Secured by Investment Property$44,737,687$42,164,178▼ $2,573,509
Other Liabilities$7,626,610$6,828,306▼ $798,304
Accounts Payable and Accrued Expenses$4,192,805$4,337,374▲ $144,569
Total Liabilities$56,557,102$53,329,858▼ $3,227,244
Net Assets / Fund Balance
Total Net Assets Fund Balance$33,269,439$40,974,357▲ $7,704,918
Total Liabilities and Net Assets / Fund Balance$89,826,541$94,304,215▲ $4,477,674

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$79,895,937$49,545,405$129,441,342
Land$275,263-$275,263
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brian W BroughtonCEOFT$202,797$75,396$278,193
Gregory JordanVP Engineer/FT$103,692$53,524$157,216
Gregory JordanVP Engineer/ops-$103,692$53,524$157,216
Lonnie MeltonMis/systemsFT$100,863$32,339$133,202
Cindy VincentTrustee-$30,205-$30,205
Charles M CrawfordTrustee-$24,223-$24,223
Mark BridgesTrustee-$21,593-$21,593
Harold F GardnerSecretary/trPT$20,793-$20,793
Theresa S HicksVice ChairmaPT$18,011-$18,011
Steve ChewningChairmanPT$16,249-$16,249
Scott CroxtonTrustee - Re-$15,314-$15,314
Scott CroxtonTrustee - Retired-$15,314-$15,314
Myrtle L FaileTrusteePT$14,890-$14,890
John T BlackwellTrustee-$14,293-$14,293
Randolph MackeyTrusteePT$11,511-$11,511
Gary SowellTrustee-$2,875-$2,875
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$54,385,626
Investment Income
$182,100
Other Revenue
$48,378
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$50,637,211
Salaries, Compensation, and Employee Benefits$468,150
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$3,525,049
Benefits to Members---$3,510,743
All Other Expenses---$3,069,960
Other Expenses---$2,617,861
Interest---$1,551,379
Current Officers, Directors, Trustees, and Key Employees---$452,836
Comp Disqual Persons---$15,314
Total Functional Expenses$0$0$0$54,616,104
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Total Exempt Function Spending$500

Section 527 Organizations

OrganizationLocationAmount
-Lancaster, SC$500
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accum Prov for Pension & Benefits$2,924,753
Consumer Deposits$2,179,966
Deferred Credits$1,723,587
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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 available on the cooperative's website.

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 available on the cooperative's website.

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 available on the cooperative's website.

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 the ceo is reviewed and approved through the use of an independent compensation consultant and 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 compensation survey.

Form 990, Page 6, Part VI, Line 19

The cooperative makes its 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. The cooperative's bylaws are available on the cooperative's website.

Filing and Contact Details

Filer

Filer Name
Lynches River Electric
EIN
57-0201923
Phone
8436726111
Address
PO BOX 308, PAGELAND, SC 29728

Signing Officer

Name
Brian W Broughton
Title
CEO
Phone
8436726111
Signed
2020-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian W Broughton
Formed
1939
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
61

Preparer

Firm
Mcnair Mclemore Middlebrooks & Co LLC
Address
POST OFFICE BOX ONE, MACON, GA 31202-0001
Preparer
Jason a Peacock
Phone
4787466277
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Deferred revenue (asc 980) 750,000 patronage capital credits 3,510,743 accumulated oci 643,848 other equities 43,743 memberships -895 patronage capital retirements -548,495 total 4,398,944

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IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt044737687
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt042164178
IRS990/NetAssetsOrFundBalancesBOYAmt033269439
IRS990/NetAssetsOrFundBalancesEOYAmt040974357
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt048378
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt048378
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01003984
IRS990/OtherAssetsTotalGrp/EOYAmt01023591
IRS990/OtherChangesInNetAssetsAmt04398944
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION MAINTENANCE
IRS990/OtherExpensesGrp/Desc2DISTRIBUTION OPERATIONS
IRS990/OtherExpensesGrp/Desc3ADMIN. & GENERAL EXP.
IRS990/OtherExpensesGrp/TotalAmt032475348
IRS990/OtherExpensesGrp/TotalAmt14027737
IRS990/OtherExpensesGrp/TotalAmt23369877
IRS990/OtherExpensesGrp/TotalAmt32617861
IRS990/OtherLiabilitiesGrp/BOYAmt07626610
IRS990/OtherLiabilitiesGrp/EOYAmt06828306
IRS990/OtherSourcesGrossIncomeAmt0318765
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt064329
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt055578
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0true
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01095458
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0767946
IRS990/PrincipalOfficerNm0BRIAN W BROUGHTON
IRS990/PriorPeriodAdjustmentsAmt03305974
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1OTHER CAPITAL CREDITS
IRS990/ProgramServiceRevenueGrp/Desc2G & T CAPITAL CREDITS
IRS990/ProgramServiceRevenueGrp/Desc3POLE RENTAL
IRS990/ProgramServiceRevenueGrp/ExclusionAmt054433
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt053984706
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1272232
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt274255
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt053984706
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1272232
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt274255
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt354433
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt02528659
IRS990/PYInvestmentIncomeAmt0167244
IRS990/PYOtherExpensesAmt050639442
IRS990/PYOtherRevenueAmt032226
IRS990/PYProgramServiceRevenueAmt053399451
IRS990/PYSalariesCompEmpBnftPaidAmt0430820
IRS990/PYTotalExpensesAmt053598921
IRS990/PYTotalRevenueAmt053598921
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt048378
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt033161269
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt040867082
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0504724
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0461935
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/Form1120POLFiledInd0true
IRS990ScheduleC/InternalFundsContributedAmt0500
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0BRANDON NEWTON
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt0500
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt0PO BOX 2501
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0LANCASTER
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd029721
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0POLITICAL CONTRIBUTIONS DETAILED IN PART I-C.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART I-A, LINE 1
IRS990ScheduleC/TotalExemptFunctionExpendAmt0500
IRS990ScheduleD/EquipmentGrp/BookValueAmt079895937
IRS990ScheduleD/EquipmentGrp/DepreciationAmt049545405
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0129441342
IRS990ScheduleD/LandGrp/BookValueAmt0275263
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0275263
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02924753
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12179966
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21723587
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCUM PROV FOR PENSION & BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CONSUMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED CREDITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt080171200
IRS990ScheduleD/TotalLiabilityAmt06828306
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0202797
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1103692
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt215314
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt047115
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt125279
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt028281
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt128245
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRIAN W BROUGHTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1GREGORY JORDAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2SCOTT CROXTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP ENGINEER/OPS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2TRUSTEE - RETIRED
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0278193
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1157216
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt215314
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE AVAILABLE ON THE COOPERATIVE'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE AVAILABLE ON THE COOPERATIVE'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE AVAILABLE ON THE COOPERATIVE'S WEBSITE.
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 THE CEO IS REVIEWED AND APPROVED THROUGH THE USE OF AN INDEPENDENT COMPENSATION CONSULTANT AND 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 COMPENSATION SURVEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE COOPERATIVE MAKES ITS 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. THE COOPERATIVE'S BYLAWS ARE AVAILABLE ON THE COOPERATIVE'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DEFERRED REVENUE (ASC 980) 750,000 PATRONAGE CAPITAL CREDITS 3,510,743 ACCUMULATED OCI 643,848 OTHER EQUITIES 43,743 MEMBERSHIPS -895 PATRONAGE CAPITAL RETIREMENTS -548,495 TOTAL 4,398,944
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
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0843209062
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0INTERNET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0LYNCHES RIVER COMMUNICATIONS INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0PO 308
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0PAGELAND
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd029728
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt089826541
IRS990/TotalAssetsEOYAmt094304215
IRS990/TotalAssetsGrp/BOYAmt089826541
IRS990/TotalAssetsGrp/EOYAmt094304215
IRS990/TotalCompGreaterThan150KInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$149$91.1$57.6$66.1$66.3$0.25
2023Detailed filing. Detailed filing data is available for this year.$144$90.9$52.7$64.3$62.8$1.48
2022Detailed filing. Detailed filing data is available for this year.$137$88.9$47.9$59.0$59.7$0.72
2021Detailed filing. Detailed filing data is available for this year.$120$74.0$45.7$53.7$55.2$1.48
2020Detailed filing. Detailed filing data is available for this year.$107$63.4$43.3$53.2$53.8$0.54
2019Detailed filing. Detailed filing data is available for this year.$94.3$53.3$41.0$54.6$54.6$0.00
2018Detailed filing. Detailed filing data is available for this year.$89.8$56.6$33.3$53.6$53.6$0.00
2017Detailed filing. Detailed filing data is available for this year.$90.1$57.5$32.6$51.6$51.6$0.00
2016Detailed filing. Detailed filing data is available for this year.$90.8$62.2$28.6$46.9$46.9$0.00
2015Summary only. Only limited summary data is available for this year.$90.5$61.7$28.8$48.1$48.1$0.00
2014Summary only. Only limited summary data is available for this year.$89.2$60.8$28.5$46.5$46.4$0.07
2013Summary only. Only limited summary data is available for this year.$91.1$64.0$27.2$42.9$42.7$0.22
2012Summary only. Only limited summary data is available for this year.$87.6$60.9$26.7$40.7$41.0$0.30
2011Summary only. Only limited summary data is available for this year.$88.7$59.2$29.5$42.5$42.5$0.00