2023-05-09T15:22:28-05:00 2022-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2022-01-01 610236351 JACKSON ENERGY COOPERATIVE JACK 6063641000 115 JACKSON ENERGY LANE MCKEE KY 40447 CAROL WRIGHT PRESIDENT & CEO 6063641000 2023-05-08 1 CAROL WRIGHT 999009999 0 TRAVIS C FRICK P01728213 5025830248 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z CAROL WRIGHT 115 JACKSON ENERGY LANE MCKEE KY 40447 131798602 0 X WWW.JACKSONENERGY.COM X 1938 KY DISTRIBUTION SALES OF ELECTRICITY TO MEMBER OWNERS ON A PATRONAGE BASIS. 9 9 124 0 941886 936886 0 0 105727220 127008235 75518 122996 3996898 4667371 109799636 131798602 0 22800 5464501 5223476 14427817 15365669 0 0 0 89907318 111186657 109799636 131798602 0 0 284949026 302207183 155021827 167348744 129927199 134858439 DISTRIBUTION SALES OF ELECTRICITY TO MEMBER OWNERS ON A PATRONAGE BASIS. 0 0 131798602 129039685 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS TO AN AVERAGE OF OVER 52,719 PER MONTH. 131798602 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 57 0 1 124 1 1 1 0 0 0 0 0 0 129039685 2758917 0 0 0 X 9 9 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X PAMELA GRAY MANAGER OF ACCTG 6063641000 115 JACKSON ENERGY LANE MCKEE KY 40447 WILLIAM BRIAN COOKE DIRECTOR 6.30 X 15400 0 0 TED CUNDIFF DIRECTOR 4.80 X 14400 0 0 TIM BOBROWSKI DIRECTOR 5.40 X 14800 0 0 TERESA DAWES DIRECTOR 5.40 X 16400 0 0 GORDON PHILLIPS DIRECTOR 5.40 X 15400 0 0 JIM HAYS III DIRECTOR 5.20 X 14400 0 0 LANDIS CORNETT VICE CHAIRMAN 5.80 X X 15400 0 0 KEITH BINDER SECRETARY-TREAS 2.70 X X 16800 0 0 PHILLIP THOMPSON CHAIRMAN 6.50 X X 18000 0 0 VIRGINIA CAROL WRIGHT PRESIDENT & CEO 60.00 X 289727 0 87718 STEPHEN DERRICK DEAN CHIEF OPERATIONS OFFICE 40.44 X 149566 0 58761 JONATHAN TILLERY WORKING FOREMAN 52.92 X 123870 0 41848 JEFFREY HENDERSON VP OF E&O 41.21 X 137805 0 61640 APRIL RENNER VP OF CORPORATE SVCS 47.24 X 140694 0 25115 JASON MONTGOMERY STAKING ENGINEER/1ST CLASS LINETECH 54.16 X 121799 0 30297 1104461 0 305379 6 0 1 0 DAVIS H ELLIOTT PO BOX 37251 BALTIMORE MD 21297 LINE CONTRACTOR 3946699 WA KENDALL & CO PO BOX 831 LAWRENCEVILLE GA 30046 RIGHT OF WAY CONTRACTOR 1768537 NELSON TREE SERVICE 4489 SOLUTIONS CENTER CHICAGO IL 60677 RIGHT OF WAY CONTRACTOR 1134249 ASPLUNDH TREE EXPERT COMPANY PO BOX 827464 PHILADELPHIA PA 19182 RIGHT OF WAY CONTRACTOR 691489 PROFESSIONAL HERBICIDE APPLICATION 92 PARKER STREET MONTICELLO KY 42633 RIGHT OF WAY SPRAYING 420855 5 ELECTRIC SERVICE 221000 126991839 126991839 ELECTRIC MERCHANDISE 221000 16396 16396 127008235 122996 122996 19550 0 19550 19550 19550 G&T PATRONAGE CAPITAL 221000 2020480 2020480 JOINT USE POLE RENT 221000 1390353 1390353 SUBSIDIARY INCOME 221000 941886 941886 295102 10970 284132 4647821 131798602 129039685 941886 1817031 22800 22800 5223476 5223476 430727 430727 9991707 9991707 2052161 2052161 2125349 2125349 765725 765725 19164 19164 29700 29700 3499237 3499237 11458553 11458553 405277 405277 COST OF PURCHASE POWER 87711804 87711804 DISTRIBUTION - MAINT 10372061 10372061 DISTRIBUTION OPERATIONS 5175125 5175125 ADMIN AND GENERAL 4370921 4370921 -11855185 -11855185 131798602 131798602 0 0 6058416 6063933 570 570 19752121 21581180 2871675 3592735 149148 316414 293928311 113257677 175043284 180670634 9000000 74340458 75203349 6733354 5778368 284949026 302207183 11327052 13437821 129811442 140420477 13883333 13490446 155021827 167348744 X 945240 955900 -497980 -497980 129479939 134400519 129927199 134858439 284949026 302207183 X 0 4931240 X 0 0 1 1 199155 199155 9103360 3697856 5405504 284625796 109559821 175065975 180670634 INVESTMENTS PROGRAM RELATED 75203349 F 75203349 CONSUMER DEPOSITS 1516495 ACCRUED EXPENSES 2304293 ACCUMULATED POSTRETIREMENT BENEFITS 9007765 CONSUMER ADVANCES FOR CONSTRUCTION 661893 13490446 1 SCHOLARSHIPS 10 22800 FMV SCHOLARSHIPS PART I, LINE 2: SCHOLARSHIPS TO 10 RECIPIENTS TOTAL $22,800 X X X 0 0 0 VIRGINIA CAROL WRIGHT PRESIDENT & CEO 289727 0 0 0 0 0 0 0 87718 0 377445 0 0 0 STEPHEN DERRICK DEAN CHIEF OPERATIONS OFFICE 149566 0 0 0 0 0 0 0 58761 0 208327 0 0 0 JEFFREY HENDERSON VP OF E&O 137805 0 0 0 0 0 0 0 61640 0 199445 0 0 0 APRIL RENNER VP OF CORPORATE SVCS 140694 0 0 0 0 0 0 0 25115 0 165809 0 0 0 JONATHAN TILLERY WORKING FOREMAN 123870 0 0 0 0 0 0 0 41848 0 165718 0 0 0 JASON MONTGOMERY STAKING ENGINEER/1ST CLASS LINETECH 121799 0 0 0 0 0 0 0 30297 0 152096 0 0 0 0 JACKSON COUNTY BANK DIRECTOR HAYS PART OWNER GENERAL BANKING FUNCTIONS 0 0 FORM 990, PART VI, SECTION A, LINE 2 LINE 2 EXPLANATION - DIRECTOR HAYS PART OWNER OF LOCAL BANK WHERE JACKSON ENERGY CONDUCTS BANKING BUSINESS. ALSO, OWNS CABLE TELEVISION COMPANY WHICH PAYS JOINT USE ATTACHMENT FEE TO JACKSON ENERGY THRU RATES REGULATED BY KY PUBLIC SERVICE COMMISSION. FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MUST BE A MEMBER TO RECEIVE ELECTRIC SERVICE. EACH MEMBER HAS 1 VOTE. MAY HAVE MORE THAN 1 SERVICE PER MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - NOMINATING COMMITTEE MEETS EVERY YEAR TO SELECT CANDIDATE TO RUN FOR BOARD POSITION. A MEMBER MAY, UPON OBTAINING 500 WRITTEN MEMBER NAMES, RUN FOR A BOARD POSITION. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - ARTICLES OF INCORPORATION MAY BE ALTERED, PROVIDED THAT NOTICE OF THE MEETING SHALL HAVE CONTAINED A COPY OF THE PROPOSED ALTERATION, AMENDMENT, OR REPEAL. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - DIRECTORS ARE FURNISHED A DRAFT COPY OF THE 990 FOR REVIEW PRIOR TO FILING. MAY MAKE INQUIRIES OF INFORMATION CONTAINED IN THE RETURN. DIRECTORS ALSO MEET WITH THE INDEPENDENT AUDITOR IN A CLOSED SESSION AND ARE ABLE TO MAKE ADDITIONAL INQUIRIES AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNING BODY AND KEY EMPLOYEES ARE AWARE OF THE ISSUES INVOLVING THE APPEARANCE OF, AND CONFLICTS OF INTEREST AND FAMILY AND BUSINESS RELATIONSHIPS,AND THE NEED TO DISCLOSE THESE RELATIONSHIPS, IF APPLICABLE. THERE ARE ONGOING DISCUSSIONS WITH THE GOVERNING BODY AND KEY EMPLOYEES REGARDING RELATED PARTY TRANSACTIONS. THERE IS AN ANNUAL REVIEW BY THE INDEPENDENT AUDITOR AND AN ANNUAL REVIEW BY THE COOPERATIVE'S ATTORNEY. FORM 990, PART VI, SECTION B, LINE 15 15.A. THE BOARD ANNUALLY EVALUATES THE PERFORMANCE OF THE PRESIDENT/CEO; RAISES ARE DETERMINED BY THE SUMMATION OF THE 9 EVALUATIONS. THE BOARD UTILIZES A THIRD PARTY ORGANIZATION, HR PERFORMANCE SOLUTIONS, TO PROVIDE COMPENSATION DATA WHICH IS REVIEWED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS ARE ELECTRONICALLY MADE AVAILABLE TO EACH NEW MEMBER AND FINANCIAL STATEMENTS ARE GIVEN TO EACH MEMBER ON AN ANNUAL BASIS. ANNUAL MEETING OF MEMBERS IS HELD EACH YEAR. FORM 990, PART XI, LINE 9: COMPREHENSIVE INCOME POSTRETIREMENT BENEFITS 48,576. MARGINS ALLOCATED TO CUSTOMERS 5,223,476. REFUND OF CAPITAL CREDITS -883,394. MEMBERSHIPS ISSUED, NET 10,660. OTHER EQUITIES 531,922. FORM 990, PART IX, LINE 4 FORM 990, PART IX, LINE 4 - BENEFITS PAID TO OR FOR MEMBERS REPRESENTS PATRONAGE CAPITAL ALLOCATED TO MEMBERS IN ACCORDANCE WITH THE BYLAWS OF THE COOPERATIVE. THIS RESULTS IN A DIFFERENCE BETWEEN BOOK INCOME AND INCOME REPORTED ON THE FORM 990 BY THE SAME AMOUNT.