OKEFENOKE RURAL ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: OKEFENOKE RURAL ELECTRIC MEMBERSHIP CORPORATION (EIN 58-0373327)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-08-26
IRS object ID: 202402399349301450
Schema version: 2023v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-08-26T15:43:34-04:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	581094351	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	POST OFFICE BOX ONE	AddressLine1Txt
City	MACON	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	312020001	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	580373327	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	OKEFENOKE RURAL ELECTRIC MEMBERSHIP	BusinessNameLine1Txt
Business Name Line2	CORPORATION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	OKEF	BusinessNameControlTxt
Phone	9124625131	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 602	AddressLine1Txt
City	NAHUNTA	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	31553	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	JOHN MIDDLETON	PersonNm
Person Title	GENERAL MANAGER	PersonTitleTxt
Phone	9124625131	PhoneNum
Signature	2024-08-26	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	H TERRELL MCMICHAEL JR	PreparerPersonNm
PTIN	P01259982	PTIN
Phone	4787466277	PhoneNum
Preparation	2024-08-26	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-08-08 14:25:15Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	JOHN MIDDLETON	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 602	AddressLine1Txt
City	NAHUNTA	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	31553	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$88,852,838	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.OREMC.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Legal Domicile State	GA	LegalDomicileStateCd
Activity Or 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.	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	106	TotalEmployeeCnt
Total Gross UBI	$0	TotalGrossUBIAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$89,295,007	PYProgramServiceRevenueAmt
CY Program Service Revenue	$88,784,839	CYProgramServiceRevenueAmt
PY Investment Income	$125,970	PYInvestmentIncomeAmt
CY Investment Income	$67,999	CYInvestmentIncomeAmt
PY Other Revenue	$140,564	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$89,561,541	PYTotalRevenueAmt
CY Total Revenue	$88,852,838	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$5,238,777	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$5,244,578	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$485,404	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$553,504	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$83,837,360	PYOtherExpensesAmt
CY Other Expenses	$83,054,756	CYOtherExpensesAmt
PY Total Expenses	$89,561,541	PYTotalExpensesAmt
CY Total Expenses	$88,852,838	CYTotalExpensesAmt
CY Revenues Less Expenses	$0	CYRevenuesLessExpensesAmt
Total Assets BOY	$194,968,134	TotalAssetsBOYAmt
Total Assets EOY	$207,267,510	TotalAssetsEOYAmt
Total Liabilities BOY	$126,558,019	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$135,089,170	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$68,410,115	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$72,178,340	NetAssetsOrFundBalancesEOYAmt
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.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Desc	N/A	Desc
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Donor Rstr Or Quasi Endowments	false	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	Yes (true)	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	false	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	false	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	false	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	35	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	106	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Members And Shr Gross Income	$86,724,021	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$424,751	OtherSourcesGrossIncomeAmt
Indoor Tanning Services	false	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	false	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	9	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (true)	MembersOrStockholdersInd
Election Of Board Members	Yes (true)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (true)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	GA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	OKEFENOKE REMC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8002625131	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 602	AddressLine1Txt
City	NAHUNTA	CityNm
State Abbreviation	GA	StateAbbreviationCd
ZIP	31553	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
ROBERT W COMBS
PRESIDENT	6.00	Yes (X)	Yes (X)	$4,810	$0	$0
STEVE E RAWL SR
1ST VP	4.00	Yes (X)	Yes (X)	$0	$0	$0
JIMMY WOODARD
2ND VP	3.00	Yes (X)		$14,904	$0	$0
CRISTI B KONCZ
SECRETARY-TR	4.00	Yes (X)	Yes (X)	$13,324	$0	$0
CLYDE MIZELL
DIRECTOR	3.00	Yes (X)		$22,215	$0	$0
JAMES GIDDENS
DIRECTOR	3.00	Yes (X)		$26,340	$0	$0
TERRELL BRAZELL
DIRECTOR	3.00	Yes (X)		$25,308	$0	$0
CRAIG MORGAN
DIRECTOR	3.00	Yes (X)		$26,340	$0	$0
JOE LOOMIS
DIRECTOR	3.00	Yes (X)		$27,261	$0	$0
JOHN MIDDLETON
GENERAL MANA	50.00		Yes (X)	$302,256	$0	$90,747
TRAVIS PAGE
MGR OF DIST	50.00			$166,091	$0	$65,617	Yes (X)
TONY ROWELL
MGR OF INFO	50.00			$171,568	$0	$65,371	Yes (X)
MICHAEL BOATWRIGHT
LINE CREW FO	50.00			$153,216	$0	$48,876	Yes (X)
DAVID SMITH
HR DIRECTOR	50.00			$158,799	$0	$58,699	Yes (X)
DARREN CREWS
MGR OF ENGIN	50.00			$157,054	$0	$58,917	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,269,486	TotalReportableCompFromOrgAmt
Total Other Compensation	$388,227	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	39	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	ASPLUNDH TREE EXPERT LLC	BusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	708 BLAIR MILL ROAD	AddressLine1Txt
City	WILLOW GROVE	CityNm
State Abbreviation	PA	StateAbbreviationCd
ZIP	19090	ZIPCd

Field	Value	IRS element (for citing)
Services	ROW	ServicesDesc
Compensation	$3,013,063	CompensationAmt

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	1	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt
ELECTRIC REVENUE	221000	$86,223,630	$86,223,630
G & T CAPITAL CREDITS	221000	$1,089,344	$1,089,344
OTHER CAPITAL CREDITS	221000	$971,474	$971,474
POLE RENTAL	221000	$500,391		$500,391

Field	Value	IRS element (for citing)
Total Program Service Revenue	$88,784,839	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$67,999	TotalRevenueColumnAmt
Exclusion	$67,999	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$88,852,838	TotalRevenueColumnAmt
Related Or Exempt Func Income	$88,284,448	RelatedOrExemptFuncIncomeAmt
Exclusion	$568,390	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$5,244,578	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$553,504	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$4,555,748	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$6,614,788	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
PURCHASED POWER	$53,235,035
DISTRIBUTION MAINTENANCE	$7,231,554
ADMIN. & GENERAL EXP.	$4,187,971
DISTRIBUTION OPERATIONS	$4,072,872

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,156,788	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$88,852,838	TotalAmt
Program Services	$0	ProgramServicesAmt
Management And General	$0	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$2,501,197	BOYAmt
EOY	$2,501,447	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$6,592,569	BOYAmt
EOY	$8,133,156	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$4,332,961	BOYAmt
EOY	$5,169,624	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$584,737	BOYAmt
EOY	$580,620	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$237,629,415	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$78,578,452	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$149,789,672	BOYAmt
EOY	$159,050,963	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$27,071,248	BOYAmt
EOY	$28,641,071	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$4,095,750	BOYAmt
EOY	$3,190,629	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$194,968,134	BOYAmt
EOY	$207,267,510	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$12,416,500	BOYAmt
EOY	$10,342,390	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$109,367,350	BOYAmt
EOY	$117,718,917	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$4,774,169	BOYAmt
EOY	$7,027,863	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$126,558,019	BOYAmt
EOY	$135,089,170	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$349,968	BOYAmt
EOY	$385,378	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$68,060,147	BOYAmt
EOY	$71,792,962	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$68,410,115	BOYAmt
EOY	$72,178,340	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$194,968,134	BOYAmt
EOY	$207,267,510	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$0	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$3,768,225	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$955,473	OtherCostOrOtherBasisAmt
Book Value	$955,473	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$236,673,942	OtherCostOrOtherBasisAmt
Depreciation	$78,578,452	DepreciationAmt
Book Value	$158,095,490	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$159,050,963	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (5 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
PAT CAP CREDIT- OPC	$23,862,785	C
PAT CAP ASSOC ORGANIZATIONS	$3,414,429	C
INVESTMENT IN CFC CTC'S	$993,702	C
FED ECON DEV LN-BROOKS	$271,425	C
INVEST ASSOC ORGAN	$98,730	C

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$28,641,071	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
DEFERRED CREDITS	$3,404,427
DEFERRED REVENUE	$2,000,000
CONSUMER DEPOSITS	$1,623,436

Field	Value	IRS element (for citing)
Total Liability	$7,027,863	TotalLiabilityAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE D, PAGE 4, PART XIII	FormAndLineReferenceDesc
Explanation	OREMC'S FISCAL YEAR END IS JUNE 30TH. OREMC'S FINANCIAL STATEMENTS WERE AUDITED AT JUNE 30, 2024 AND 2023.	ExplanationTxt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Committee	Yes (X)	CompensationCommitteeInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt
JOHN MIDDLETON
GENERAL MANAGER	$284,916	$350	$16,990	$74,466	$16,281	$393,003
TRAVIS PAGE
MGR OF DIST SERVICES	$150,022	$350	$15,719	$40,101	$25,516	$231,708
TONY ROWELL
MGR OF INFO TECH	$163,802	$350	$7,416	$40,101	$25,270	$236,939
MICHAEL BOATWRIGHT
LINE CREW FOREMAN	$146,885	$350	$5,981	$26,860	$22,016	$202,092
DAVID SMITH
HR DIRECTOR	$144,923	$350	$13,526	$37,724	$20,975	$217,498
DARREN CREWS
MGR OF ENGINEERING	$149,484	$350	$7,220	$39,373	$19,544	$215,971

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE J, PART III	FormAndLineReferenceDesc
Explanation	THE COOPERATIVE HAS ESTABLISHED A DEFERRED COMPENSATION PLAN ON BEHALF OF QUALIFIED INDIVIDUALS WHO HAVE ELECTED TO DEFER CERTAIN AMOUNTS OF COMPENSATION. THE ANNUAL DEFERRAL OF THE COMPENSATION PLAN IS CALCULATED IN ACCORDANCE WITH INTERNAL REVENUE CODE (IRC) SECTION 457, SUBJECT TO CHANGES UNDER IRC SECTION 457(B). 2023 DEFERRED COMPENSATION FOR ROBERT W. COMBS AND STEVE E. RAWL, SR. WILL BE REPORTED IN IRS FORM 990 FILINGS IN THE YEAR NONQUALIFIED PAYMENTS OCCUR AND ARE TAXABLE COMPENSATION IN ACCORDANCE WITH APPLICABLE DISCLOSURE REQUIREMENTS.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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 AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN.
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 GENERAL MANAGER IS REVIEWED AND APPROVED AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN.
FORM 990, PAGE 6, PART VI, LINE 15B	COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE GENERAL MANAGER AS PRESCRIBED BY THE COOPERATIVE'S WAGE AND SALARY PLAN.
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 XI, LINE 9	DONATED CAPITAL 286,679 PATRONAGE CAPITAL CREDITS 5,244,578 MEMBERSHIP FEES 35,410 PATRONAGE CAPITAL CREDIT RETIREMENTS -1,798,442 TOTAL 3,768,225