2023-10-27T09:06:59-04:00 2022-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2022-01-01 560283268 JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION JONE 9103531940 259 WESTERN BOULEVARD JACKSONVILLE NC 28546 MICHELLE HEFNER VP FIN & ACCT 9103531940 2023-10-25 true MICHELLE HEFNER 999009999 true G STEVEN GILLIAM CPA P00348264 8043231313 2023-10-25 2022 2023-04-26 12:10:37Z MICHELLE HEFNER 259 WESTERN BOULEVARD JACKSONVILLE NC 28546 152672960 false X WWW.JOEMC.COM X 1939 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF JOEMC. 10 10 188 6048 0 147480269 152163171 75449 201458 1042423 272653 148598141 152637282 0 4831153 4224965 20981039 21435666 0 0 118504361 123850784 144316553 149511415 4281588 3125867 354278358 364024262 186273118 187887721 168005240 176136541 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF JOEMC. false false RURAL ELECTRIC COOPERATIVE PROVIDING ELECTRIC SERVICES TO APPROXIMATELY 75,000 MEMBERS. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 98,488,447 OTHER SALARIES AND WAGES 13,626,842 DEPRECIATION 13,220,964 false false false false false false false false false true false true false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 41 0 true 188 true true true false false false false 149544451 2907348 false false false X 10 10 false false false false true true true true true false true true true true true true true true true true false X THE CORPORATION 9103531940 259 WESTERN BOULEVARD JACKSONVILLE NC 28546 X THOMAS PRITCHARD CUEO 50.00 X 698160 0 2609 JEFFERY T CLARK CEO 50.00 X 605866 0 39793 ANDREA AVERY VP HR 40.00 X 186315 0 284793 MICHELLE HEFNER VP FIN & ACC 50.00 X 218400 0 183178 JEFF ALLEN VP OPERATION 40.00 X 191954 0 197799 WANDA JONES VP COMMERCIA 50.00 X 217798 0 30319 ANDY SHEPARD VP TECH STRA 40.00 X 174359 0 61423 CARRIE PETERS VP INFO TECH 50.00 X 202068 0 32940 STEVE GOODSON VP ENERGY SV 50.00 X 207185 0 20071 DEVIN COSTA VP IT 40.00 X 152248 0 56306 RICKY MAREADY DISTRICT VP 40.00 X 165066 0 33408 BARBARA SILLIMAN-MARSHBURN DISPATCH MAN 40.00 X 160821 0 17105 JEFFREY HUDSON COO 50.00 X 136624 0 19319 JOHN L PIERCE CHAIRMAN 3.50 X X 31806 0 0 BRANDON TODD HOWARD DIRECTOR 2.00 X 27806 0 0 NELSON EARL BURGESS DIRECTOR 2.00 X 24806 0 0 ROBERT L DAUGHETY DIRECTOR 2.50 X 22525 0 0 MICHAEL CHAD MEADOWS DIRECTOR 2.50 X 22072 0 0 IRIS HORNE DIRECTOR 2.50 X 20621 0 0 THOMAS D WALLER VICE CHAIRMA 2.50 X X 20425 0 0 DOUGLAS C PARKER DIRECTOR 2.00 X 19970 0 0 CECIL S HARGETT JR SECRETARY/TR 2.00 X X 19086 0 0 DALE POWELL DIRECTOR 1.50 X 16421 0 0 3542402 979063 41 false true false DAVEY TREE EXPERT COMPANY PO BOX 709 KENT OH 44240 RIGHT OF WAY 1521009 DATAWATT SOLUTIONS INC 1638 CLYDE FITZGERALD ROAD LINWOOD NC 272999264 FIBER WORK 1278378 MERIDIAN COOPERATIVE INC 100 ASHFORD CENTER ATLANTA GA 30338 SOFTWARE 1102159 SOUTHDATA INC 201 TECHNOLOGY LN MOUNT AIRY NC 270306684 PRINTING 738327 RIVER CITY CONSTRUCTION INC PO BOX 1420 WASHINGTON NC 27889 CONTRACT CREWS 655935 19 ELECTRIC SALES 221000 149498207 149498207 CIAC 221000 2118477 2118477 CAPITAL CR. - CASH REC. 221000 545687 545687 OTHER 221000 800 800 152163171 182913 182913 266605 266605 266605 266605 54223 35678 18545 18545 18545 BILLING SERVICES 900099 5520 5520 SALE OF WATER HEATERS 900099 528 528 6048 152637282 152163171 6048 468063 X 4224965 3447019 13626842 2484483 514415 1362907 67136 3103751 255813 4832107 13220964 COST OF POWER 98488447 ADMIN & GENERAL 5796249 MAINTENANCE 3910730 TAXES 1744332 -7568745 149511415 0 0 0 3001649 1742761 171602 1372882 19746065 20235737 950417 852917 2851603 3869637 1694133 2096734 421360010 134566579 281163603 286793431 2874606 2057052 1703806 1071346 40120874 43496012 435753 354278358 364024262 14647232 17598005 144813910 145219593 26811976 25070123 186273118 187887721 X 168005240 176136541 168005240 176136541 354278358 364024262 X 3125867 5005434 X false true X true false 3123229 3123229 8555332 3762400 4792932 22046296 20740945 1305351 387635153 110063234 277571919 286793431 PATRONAGE CAPITAL IN ASSOCIATED ORG 41360431 C CAPITAL TERM CERTIFICATES - CFC 2122456 C MEMBERSHIP FEES 13125 C 43496012 APBO 10909628 DEFERRED CREDITS 8987925 CONSUMER DEPOSITS 2882811 OTHER 1854006 LEASE LIABILITY 435753 25070123 X 153850256 3375138 3375138 150475118 2162164 2162164 152637282 145273242 30479 30479 145242763 4268652 4268652 149511415 SCHEDULE D, PAGE 3, PART X THE CORPORATION FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE CORPORATION HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL RENVENUE SERVICE. SCHEDULE D, PAGE 4, PART XI, LINE 2D NONCASH PAT. CAPITAL ALLOC. ADJ 3,375,138 SCHEDULE D, PAGE 4, PART XI, LINE 4B CONTR IN AID OF CONSTRUCTION 2,118,477 OTHER EXPENSES 43,687 SCHEDULE D, PAGE 4, PART XII, LINE 2D BOOK/TAX DIFFERENCE ON OTHER INCOME 30,479 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIV PAID TO MEMBERS' ACCTS 4,224,965 OTHER EXPENSES 43,687 X X X X X false true false THOMAS PRITCHARD CUEO 21204 676956 1217 1392 700769 JEFFERY T CLARK CEO 395192 162367 48307 20701 19092 645659 ANDREA AVERY VP HR 166098 13220 6997 273875 10918 471108 MICHELLE HEFNER VP FIN & ACCT 187736 5750 24914 172501 10677 401578 JEFF ALLEN VP OPERATIONS 176047 12830 3077 178707 19092 389753 WANDA JONES VP COMMERCIAL OP 188029 4880 24889 13614 16705 248117 ANDY SHEPARD VP TECH STRATEGY 146192 12036 16131 51199 10224 235782 CARRIE PETERS VP INFO TECHNOLOGY 182710 4445 14913 16235 16705 235008 STEVE GOODSON VP ENERGY SVCS 188313 12480 6392 9153 10918 227256 DEVIN COSTA VP IT 138335 10855 3058 45388 10918 208554 RICKY MAREADY DISTRICT VP 159930 11610 -6474 14316 19092 198474 BARBARA SILLIMAN-MARSHBURN DISPATCH MANAGER 139077 4835 16909 6881 10224 177926 JEFFREY HUDSON COO 134664 3800 -1840 3328 15991 155943 SCHEDULE J, PAGE 1, PART I, LINE 4 JEFFERY T. CLARK 0 18,000 0 MICHELLE HEFNER 0 6,600 0 WANDA JONES 0 6,600 0 CARRIE PETERS 0 6,600 0 FORM 990 990 PART 1 LINE 14 AND PART IX LINE 4 PATRONAGE DIVIDENDS PAID TO MEMBERS' ACCOUNTS WAS IN ACCORDANCE WITH THE PRE-EXISTING OBLIGATION OF JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION'S BY-LAWS. THE CORPORATION IS OBLIGATED TO PAY BY CREDITS TO A CAPITAL ACCOUNT FOR EACH PATRON ALL SUCH AMOUNTS IN EXCESS OF OPERATING COSTS AND EXPENSES. FORM 990, PAGE 6, PART VI, LINE 6 JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION IS A MEMBER OWNED NONPROFIT COOPERATIVE ORGANIZED TO PROVIDE ELECTRIC SERVICE TO APPROXIMATELY 75,000 MEMBERS IN THE COUNTIES OF ONSLOW, JONES, DUPLIN, LENOIR, PENDER AND CRAVEN IN THE STATE OF NORTH CAROLINA FORM 990, PAGE 6, PART VI, LINE 7A ALL THE MEMBERS OF JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION RECEIVE ONE VOTE WITH RESPECT TO SELECTING THE CORPORATION'S BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B DECISIONS BY THE BOARD OF DIRECTORS ARE SUBJECT TO THE APPROVAL OF A MAJORITY OF THE MEMBERS FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 WAS PRESENTED AT A BOARD MEETING FOR DISCUSSION AND REVIEW. FORM 990, PAGE 6, PART VI, LINE 12C JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS WRITTEN CONFLICT OF INTEREST POLICY FORM 990, PAGE 6, PART VI, LINE 15A CEO COMPENSATION IS DETERMINED BY AN EXECUTIVE COMPENSATION COMMITTEE. A COMPARATIVE ANALYSIS OF COMPENSATION IS PERFORMED BY AN INDEPENDENT CONSULTANT AND IS USED IN DETERMINING COMPENSATION. THE MINUTES OF THE BOARD OF DIRECTORS SHOW APPROVAL OF THE COMPENSATION FOR THE CEO. AN INDEPENDENT CONSULTING FIRM ALSO REVIEWS OTHER HIGHER COMPENSATED OFFICERS AND KEY EMPLOYEES. THIS INFORMATION IS ASSESSABLE BY THE BOARD AND IS RECORDED IN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 15B CEO COMPENSATION IS DETERMINED BY AN EXECUTIVE COMPENSATION COMMITTEE. A COMPARATIVE ANALYSIS OF COMPENSATION IS PERFORMED BY AN INDEPENDENT CONSULTANT AND IS USED IN DETERMINING COMPENSATION. THE MINUTES OF THE BOARD OF DIRECTORS SHOW APPROVAL OF THE COMPENSATION FOR THE CEO. AN INDEPENDENT CONSULTING FIRM ALSO REVIEWS OTHER HIGHER COMPENSATED OFFICERS AND KEY EMPLOYEES. THIS INFORMATION IS ASSESSABLE BY THE BOARD AND IS RECORDED IN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 THE FINANCIAL STATEMENTS ARE MAILED OR EMAILED TO EACH MEMBER AS PART OF THE ANNUAL REPORT AND THEY ARE AVAILABLE UPON REQUEST AT THE CORPORATE OFFICE LOCATED IN JACKSONVILLE. FORM 990, PART VII PART VII SECTION A COLUMN F THE CORPORATION PARTICIPATES IN THE NRECA GROUP DEFINED PENSION PLAN. AS PART OF THIS PLAN, PARTICIPANTS ARE REQUIRED TO RECOGNIZE THE ACTUARIAL INCREASE IN THE VALUE OF THEIR ACCOUNT ON THE FORM 990. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THE PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE WITH ALL OTHER THINGS BEING EQUAL. FORM 990, PART XI, LINE 9 NONCASH PATRONAGE CAP ALLOC NOT REV PER IRS 3,375,138 PATRONAGE DIV PAID TO MEMBERS' ACCTS NOT EXP 4,224,965 OTHER COMPREHENSIVE INCOME 1,070,757 CONTRIBUTIONS IN AID OF CONST NOT REV PER GAAP -2,118,477 RETIREMENT OF CAPITAL CREDITS -1,516,470 BOOK/TAX DIFFERENCE ON OTHER INCOME -30,479 TOTAL 5,005,434