2025-05-13T14:26:05-05:00 2024-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2024-01-01 610236522 JACKSON PURCHASE ENERGY CORPORATION JACK 2704427321 6525 US HIGHWAY 60W PADUCAH KY 42001 GREG H GRISSOM PRESIDENT/CEO 2704427321 2025-05-08 1 1 TRAVIS C FRICK P01728213 5025830248 2024 2025-03-06 01:10:19Z GREG H GRISSOM 6625 US HIGHWAY 60W PADUCAH KY 42001 98116815 0 X WWW.JPENERGY.COM X 1937 KY DISTRIBUTION SALES OF ELECTRICITY TO APPROXIMATELY 30,708 MEMBER OWNERS ON A PATRONAGE BASIS. 8 8 79 0 0 0 0 0 90648566 96532836 309496 293629 1211996 1241550 92170058 98068015 10000 8000 848797 2296848 10194494 10489273 0 0 0 81116767 85273894 92170058 98068015 0 0 158268629 165528722 106382188 111390833 51886441 54137889 DISTRIBUTION SALES OF ELECTRICITY TO APPROXIMATELY 30,708 MEMBER OWNERS ON A PATRONAGE BASIS. 0 0 98068015 8000 97224906 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 30,708 MEMBERS ON A MONTHLY BASIS. 98068015 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 37 0 1 79 1 0 0 0 0 0 0 0 0 0 96532836 956223 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X GREG H GRISSOM 2704427321 6625 US HIGHWAY 60W PADUCAH KY 42001 ERICK HARRIS CHAIRMAN 7.50 X X 10400 0 0 JACK MARSHALL VICE CHAIRMAN 7.50 X X 8225 0 0 WAYNE ELLIOTT SECRETARY/TREASURER 7.50 X X 7800 0 0 LEE BEARDEN DIRECTOR 7.50 X 10250 0 0 DAVID BROWN DIRECTOR 7.50 X 9850 0 0 JOSHUA BARNES DIRECTOR 7.50 X 8225 0 0 KEVIN BELL DIRECTOR 7.50 X 7800 0 0 TERRY TEITLOFF DIRECTOR 7.50 X 8225 0 0 GREG GRISSOM PRESIDENT & CEO 50.00 X 361523 0 113498 MEREDITH KENDALL VP, ACCOUNTING & FINANCE 50.00 X 151732 0 36281 WARD MORGAN VP OF OPERATIONS & TECHNICAL SERVICES 50.00 X 172591 0 38844 MICHAEL WASHAM CREW LEADER 54.00 X 160966 0 54075 JAMES TODD CREW LEADER 53.00 X 157902 0 54075 TERRY DOUBLIN CREW LEADER 53.00 X 155733 0 53881 KENNY HARPER CREW LEADER 53.00 X 154894 0 54075 TYLER RICHARDSON LINE TECHNICIAN 59.00 X 153761 0 37452 1539877 0 442181 31 0 1 0 TOWNSEND TREE SERVICE PO BOX 7015 MUNCIE IN 47308 ROW CLEARING 3125973 GROVES CONSTRUCTION PO BOX 1205 MADISONVILLE KY 42431 CONSTRUCTION 1727952 QUALITY RESOURCES LLC PO BOX 9 SLAUGHTERS KY 42456 METER INSPECTIONS 553306 ASPLUNDH TREE EXPERT PO BOX 532729 ATLANTA GA 30353 TREE TRIMMING 236487 5 STAR ELECTRIC 14201 CALIBER DRIVE SUITE 300 OKLAHOMA CITY OK 73134 CONSTRUCTION 209813 9 SALE OF ELECTRIC ENERGY 221000 96532836 96532836 96532836 264153 264153 78276 48800 29476 29476 29476 JOINT USE POLE ATTACHMENT 221000 578956 578956 PATRONAGE CAPITAL CREDITS 221000 446307 446307 OTHER REVENUES 221000 216287 216287 1241550 98068015 97224906 0 843109 8000 8000 2296848 2296848 756621 756621 6552008 6552008 1393595 1393595 1127686 1127686 659363 659363 112477 112477 22600 22600 6406 6406 2837052 2837052 7796138 7796138 476984 476984 COST OF POWER 69648816 69648816 DISTRIBUTION - MAINTENA 5884116 5884116 DISTRIBUTION - OPERATIO 4300211 4300211 ADMINISTRATIVE AND GENE 4105614 4105614 -9916520 -9916520 98068015 98068015 0 0 3352953 4696713 5819331 7457612 4141953 4175078 441427 544780 224662725 87164049 134154637 137498676 4352511 4602780 6005817 6553083 158268629 165528722 6801079 8195979 92765710 89054570 6815399 14140284 106382188 111390833 X 96500 92885 835750 793963 50954191 53251041 51886441 54137889 158268629 165528722 X 0 2251448 X X 0 1 X 1 0 573632 573632 19432033 1776552 17655481 204657060 85387497 119269563 137498676 CONSUMER DEPOSITS 3531868 ACCRUED EXPENSES 1035821 DEFERRED CREDITS 42274 POSTRETIREMENT BENEFIT OBLIGATION 2530321 SHORT TERM NOTES PAYABLE 7000000 14140284 X 98068015 0 98068015 0 98068015 98068015 0 98068015 0 98068015 PART X, LINE 2: THE CORPORATION'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE/BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. THE CORPORATION HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT. 1 SCHOLARSHIPS 8 8000 FMV X 0 1 X X X 0 0 0 GREG GRISSOM PRESIDENT & CEO 361523 0 0 0 0 0 96032 0 17466 0 475021 0 0 0 MICHAEL WASHAM CREW LEADER 160966 0 0 0 0 0 39933 0 14142 0 215041 0 0 0 JAMES TODD CREW LEADER 157902 0 0 0 0 0 39933 0 14142 0 211977 0 0 0 WARD MORGAN VP OF OPERATIONS & TECHNICAL SERVICE 172591 0 0 0 0 0 22581 0 16263 0 211435 0 0 0 TERRY DOUBLIN CREW LEADER 155733 0 0 0 0 0 39739 0 14142 0 209614 0 0 0 KENNY HARPER CREW LEADER 154894 0 0 0 0 0 39933 0 14142 0 208969 0 0 0 TYLER RICHARDSON LINE TECHNICIAN 153761 0 0 0 0 0 23440 0 14012 0 191213 0 0 0 MEREDITH KENDALL VP, ACCOUNTING & FINANCE 151732 0 0 0 0 0 20182 0 16099 0 188013 0 0 0 PART I, LINE 1A SOCIAL CLUB DUES OF $4,339 WERE PAID ON GREG GRISSOM'S BEHALF DURING 2024. PART I, LINE 1B NO WRITTEN POLICY IS IN PLACE REGARDING PAYMENT OR REIMBURSEMENT OF THE EXPENSES DESCRIBED ABOVE; HOWEVER, SUBSTANTIATION IS REQUIRED PRIOR TO REIMBURSEMENT. 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 - ANY MEMBER WHO HAS LIVED IN THEIR DISTRICT FOR SIX MONTHS AND WITH A PETITION OF 50 MEMBERS SIGNATURES MAY RUN FOR A DIRECTOR POSITION. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - MOST BYLAW CHANGES MUST BE APPROVED BY MAJORITY OF MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - DIRECTORS ARE FURNISHED A DRAFT COPY TO REVIEW PRIOR TO FILING. MAY MAKE INQUIRIES OF INFORMATION CONTAINED IN THE FILING. ADDITIONALLY, DIRECTORS MEET WITH THE INDEPENDENT AUDITOR IN A CLOSED SESSION AND ABLE TO ASK QUESTIONS AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY HAS BEEN ESTABLISHED BY THE BOARD OF DIRECTORS. A STATEMENT IS SIGNED BY THE RECIPIENT ACKNOWLEDGING THE POLICY AND DISCLOSING ANY POTENTIAL CONFLICTS. BEYOND THE SELF-REPORTING, ALL DIRECTORS AND EMPLOYEES ARE ENCOURAGED TO REPORT SUSPICIOUS OR IMPROPER TRANSACTIONS TO THE APPROPRIATE PARTY. FORM 990, PART VI, SECTION B, LINE 15 NONBARGINING EMPLOYEES - WAGE AND SALARY PLAN HAS BEEN DEVELOPED BASED ON STATE, REGIONAL AND NATIONAL SURVEY OF ELECTRIC COOPERATIVES. WAGES BASED ON JOB CLASSIFICATIONS AND REPONSIBILITIES. BARGAINING EMPLOYEES - BASED ON CONTRACT NEGOTIATIONS. VP OF HR COORDIANTES OR CONDUCTS COMPENSATION SURVEYS COVERING OTHER EMPLOYERS WITH SIMILAR JOBS EVERY TWO TO THREE YEARS. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS AND ANNUAL FINANCIAL STATEMENTS ARE MADE AVAILABLE TO EACH MEMBER ON AN ANNUAL BASIS EACH YEAR AT THE ANNUAL MEETING OR BY REQUEST. FORM 990, PART XI, LINE 9: COMPREHENSIVE INCOME-POSTRETIREMENT BENEFITS -41,785. MARGINS ALLOCATED TO MEMBERS 2,296,848. NET CHANGE IN MEMBERSHIPS -3,615. FORM 990 PART XII, LINE 2C NO CHANGES FROM PRIOR YEAR. 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.