2022-11-02T12:13:14-04:00 2021-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2021-01-01 560283268 JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION JONE 9103531940 259 WESTERN BOULEVARD JACKSONVILLE NC 28546 MICHELLE HEFNER VP FIN & ACCT 9103531940 2022-10-24 true MICHELLE HEFNER 999009999 G STEVEN GILLIAM CPA P00348264 8043231313 2022-10-25 2021 2022-09-23 18:48:47Z MICHELLE HEFNER 259 WESTERN BOULEVARD JACKSONVILLE NC 28546 148664920 false X WWW.JOEMC.COM X 1939 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF JOEMC. 10 10 205 12778 0 143615076 147480269 30027 75449 314159 1042423 143959262 148598141 0 4968283 4831153 21456672 20981039 0 0 114095852 118504361 140520807 144316553 3438455 4281588 349865745 354278358 191049775 186273118 158815970 168005240 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 96,199,200 OTHER SALARIES AND WAGES 14,162,376 DEPRECIATION 12,886,272 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 39 0 true 205 true true true false false false false 144348128 3335378 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 JEFFERY T CLARK CEO 50.00 X 672372 0 38582 THOMAS PRITCHARD CUEO 50.00 X 443796 0 31318 WANDA JONES VP COMMERCIA 50.00 X 211869 0 169042 MICHELLE HEFNER VP FIN & ACC 50.00 X 205525 0 174608 ANDREA AVERY VP HR 40.00 X 156792 0 200483 JEFF ALLEN VP OPERATION 40.00 X 170133 0 165658 CARRIE PETERS VP IT 50.00 X 198840 0 32316 STEVE GOODSON VP ENERGY SV 50.00 X 198772 0 27256 RICKY MAREADY DISTRICT VP 40.00 X 170912 0 32696 WANDA JARMAN OFFICE MANAG 40.00 X 172895 0 18152 BARBARA SILLIMAN-MARSHBURN DISPATCH MAN 40.00 X 161961 0 16715 JOHN L PIERCE CHAIRMAN 4.00 X X 30432 0 0 BRANDON TODD HOWARD DIRECTOR 2.00 X 26432 0 0 NELSON EARL BURGESS DIRECTOR 2.00 X 23432 0 0 DOUGLAS C PARKER DIRECTOR 2.50 X 19988 0 0 ROBERT L DAUGHETY DIRECTOR 2.50 X 19746 0 0 MICHAEL CHAD MEADOWS DIRECTOR 2.50 X 19288 0 0 THOMAS D WALLER VICE CHAIRMA 2.50 X X 19288 0 0 IRIS HORNE DIRECTOR 2.50 X 19237 0 0 CECIL S HARGETT JR SECRETARY/TR 2.00 X X 19104 0 0 DALE POWELL DIRECTOR 2.00 X 17837 0 0 2978651 906826 39 false true false DAVEY TREE EXPERT COMPANY PO BOX 709 KENT OH 44240 RIGHT OF WAY 1414660 RIVER CITY CONSTRUCTION INC PO BOX 1420 WASHINGTON NC 27889 CONTRACT CREWS 1219554 MERIDIAN COOPERATIVE INC 100 ASHFORD CENTER ATLANTA GA 30338 SOFTWARE 1146803 DATAWATT SOLUTIONS INC 1638 CLYDE FITZGERALD ROAD LINWOOD NC 272999264 FIBER WORK 861487 EGROUP HOLDING COMPANY LLC 482 WANDO PARK BLVD MOUNT PLEASANT SC 29464 TECHNOLOGY 665338 17 ELECTRIC SALES 221000 144317236 144317236 CIAC 221000 2626939 2626939 CAPITAL CR. - CASH REC. 221000 553433 553433 OTHER 221000 -17339 -17339 147480269 86377 86377 222416 222416 222416 222416 55851 66779 -10928 -10928 -10928 GAIN (LOSS) ON EQUITY INV 807229 807229 BILLING SERVICES 900099 12678 12678 SALE OF WATER HEATERS 900099 100 100 820007 148598141 148287498 12778 297865 X 4831153 2854959 14162376 2279220 322541 1361943 93676 2867476 197421 4652304 12886272 COST OF POWER 96199200 ADMIN & GENERAL 5056673 MAINTENANCE 3241148 TAXES 1777984 -8467793 144316553 0 0 0 4737260 3001649 799336 171602 22542211 19746065 310228 950417 2893528 2851603 1631317 1694133 407007874 125844271 277059070 281163603 2256999 2874606 896577 1703806 36739219 40120874 349865745 354278358 15630738 14647232 148980820 144813910 26438217 26811976 191049775 186273118 X 158815970 168005240 158815970 168005240 349865745 354278358 X 4281588 4907682 X false true X true false 3104138 3104138 8322748 3559853 4762895 22356657 20299943 2056714 373224331 101984475 271239856 281163603 PATRONAGE CAPITAL IN ASSOCIATED ORG 37947264 C CAPITAL TERM CERTIFICATES - CFC 2160485 C MEMBERSHIP FEES 13125 C 40120874 APBO 11972993 DEFERRED CREDITS 9724230 CONSUMER DEPOSITS 3211253 OTHER 1903500 26811976 X 149337092 3371655 3371655 145965437 2632704 2632704 148598141 139486083 6448 6448 139479635 4836918 4836918 144316553 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 REVENUE SERVICE. SCHEDULE D, PAGE 4, PART XI, LINE 2D NONCASH PAT. CAPITAL ALLOC. ADJ 3,371,655 SCHEDULE D, PAGE 4, PART XI, LINE 4B CONTR IN AID OF CONSTRUCTION 2,626,939 OTHER EXPENSES 5,765 SCHEDULE D, PAGE 4, PART XII, LINE 2D BOOK/TAX DIFFERENCE ON OTHER INCOME 6,448 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIV PAID TO MEMBERS' ACCTS 4,831,153 OTHER EXPENSES 5,765 X X X X X false true false JEFFERY T CLARK CEO 380192 242942 49238 20214 18368 710954 THOMAS PRITCHARD CUEO 275650 114864 53282 15250 16068 475114 WANDA JONES VP COMMERCIAL OP 183962 5485 22422 152974 16068 380911 MICHELLE HEFNER VP FIN & ACCT 177541 5375 22609 164321 10287 380133 ANDREA AVERY VP HR 140624 12865 3303 190058 10425 357275 JEFF ALLEN VP OPERATIONS 157576 12535 22 147290 18368 335791 CARRIE PETERS VP IT 182710 4040 12090 16248 16068 231156 STEVE GOODSON VP ENERGY SVCS 183697 12085 2990 11863 15393 226028 RICKY MAREADY DISTRICT VP 159930 11195 -213 14328 18368 203608 WANDA JARMAN OFFICE MANAGER 139942 5145 27808 7173 10979 191047 BARBARA SILLIMAN-MARSHBURN DISPATCH MANAGER 139077 4370 18514 6881 9834 178676 SCHEDULE J, PAGE 1, PART I, LINE 4 JEFFERY T. CLARK 0 18,000 0 THOMAS PRITCHARD 0 10,600 0 WANDA JONES 0 6,600 0 MICHELLE HEFNER 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 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 3,371,655 PATRONAGE DIV PAID TO MEMBERS' ACCTS NOT EXP 4,831,153 OTHER COMPREHENSIVE INCOME 959,682 CONTRIBUTIONS IN AID OF CONST NOT REV PER GAAP -2,626,939 RETIREMENT OF CAPITAL CREDITS -1,621,421 BOOK/TAX DIFFERENCE ON OTHER INCOME -6,448 TOTAL 4,907,682