2021-04-19T14:45:57-05:00 2020-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2020-01-01 610236522 JACKSON PURCHASE ENERGY CORPORATION JACK 2704427321 PO BOX 4030 PADUCAH KY 420024030 GREG H GRISSOM PRESIDENT/CEO 2704427321 2021-04-12 1 GREG GRISSOM 999009999 TRAVIS C FRICK P01728213 5025830248 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z GREG H GRISSOM 67226411 0 X WWW.JPENERGY.COM X 1937 KY DISTRIBUTION SALES OF ELECTRICITY TO APPROXIMATELY 30,000 MEMBER OWNERS ON A PATRONAGE BASIS. 8 8 74 0 0 0 0 0 68790843 64482024 415932 303276 1770505 2441111 70977280 67226411 0 0 1198810 1138138 8597852 8854160 0 0 0 61180618 57234113 70977280 67226411 0 0 113283833 131470534 62773331 79831047 50510502 51639487 DISTRIBUTION SALES OF ELECTRICITY TO APPROXIMATELY 30,000 MEMBER OWNERS ON A PATRONAGE BASIS. 0 0 67226411 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 30,000 MEMBERS ON A MONTHLY BASIS. 67226411 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 24 0 1 74 1 0 0 0 0 0 0 0 66321207 905204 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 GREG H GRISSOM 2704427321 PO BOX 4030 PADUCAH KY 42002 LEE BEARDEN DIRECTOR 5.00 X 7100 0 0 IVUS CROUCH DIRECTOR 5.00 X 5500 0 0 WAYNE ELLIOTT SECRETARY TREAS 5.00 X X 5900 0 0 ERICK HARRIS CHAIRMAN 5.00 X X 8700 0 0 JACK MARSHALL VICE CHAIRMAN 5.00 X X 6200 0 0 JOSHUA BARNES DIRECTOR 5.00 X 7225 0 0 KEVIN BELL DIRECTOR 5.00 X 6425 0 0 TERRY TEITLOFF DIRECTOR 5.00 X 6325 0 0 SCOTT RIBBLE VP ENGINEERING & OPERATION 50.00 X 169622 0 35581 WARD MORGAN VP TECHNICAL SERVICES 45.00 X 138317 0 30866 GREG GRISSON PRESIDENT & CEO 45.00 X 291554 0 55893 JEFF WILLIAMS VP OF ACCOUNTING AND CFO 45.00 X 166763 0 35631 SCOTT ADAIR VP OF HR & MEMBERS SERVICES 45.00 X 110234 0 28449 DUSTIN COPE LINE TECHNICIAN 50.00 X 122735 0 18401 KENNY HARPER CREW LEADER 50.00 X 137199 0 45821 JEREMY GOODMAN SUBSTATION CREW LEADER 50.00 X 120701 0 42776 DARRYL CORN LINE TECHNICIAN 50.00 X 120025 0 42723 JOHN MARTIN MANAGER OF OPERATIONS 50.00 X 119241 0 56848 1549766 0 392989 10 0 1 0 COOPERATIVE BUILDING SOLUTIONS 5077 WESTPORT PLAZA STE 2 ST LOUIS MO 63146 CONSTRUCTION 10551782 DAVIS H ELLIOTT PO BOX 37251 BALTIMORE MD 21297 POWER LINE CONSTRUCT 1925510 TOWNSEND TREE SERVICE PO BOX 7015 MUNCIE IN 47308 ROW CLEARING 1303349 HALTER TREE SERVICE 325 MAIN ST VINCENNES IN 47591 ROW CLEARING 639798 SERVICE ELECTRIC COMPANY PO BOX 277790 ATLANTA GA 30384 SUBSTATION RENO 463370 5 SALE OF ELECTRIC ENERGY 221000 64482024 64482024 64482024 303276 303276 PATRONAGE CAPITAL CREDITS 221000 1839183 1839183 JOINT USE POLE ATTACHMENT 221000 644189 644189 SALE OF GENERAL PLANT 221000 -42261 -42261 2441111 67226411 66321207 0 905204 1138138 1138138 681313 681313 5389014 5389014 1256904 1256904 912714 912714 614215 614215 94043 94043 16950 16950 1982834 1982834 6243199 6243199 473962 473962 COST OF POWER 46397544 46397544 DISTRIBUTION - MAINTENA 3923558 3923558 DISTRIBUTION - OPERATIO 3213234 3213234 ADMINISTRATIVE AND GENE 3072556 3072556 -8183767 -8183767 67226411 67226411 0 0 2064075 2622813 5027629 4671401 1713428 1937478 286463 419901 190015320 75379868 97397625 114635452 3604487 3686334 3190126 3497155 113283833 131470534 5003469 8924814 42799396 60970192 14970466 9936041 62773331 79831047 X 115705 111300 94448 89700 50300349 51438487 50510502 51639487 113283833 131470534 X 0 1128985 X 0 1 X 1 0 190015320 75379868 114635452 114635452 CONSUMER DEPOSITS 2849853 ACCRUED EXPENSES 1103370 DEFERRED CREDITS 168096 POSTRETIREMENT BENEFIT OBLIGATION 2814722 NOTES PAYABLE 3000000 9936041 X 67226411 0 67226411 0 67226411 67226411 0 67226411 0 67226411 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. X X 0 0 0 GREG GRISSON PRESIDENT & CEO 291554 0 0 0 0 0 0 0 55893 0 347447 0 0 0 SCOTT RIBBLE VP ENGINEERING & OPERATION 169622 0 0 0 0 0 0 0 35581 0 205203 0 0 0 JEFF WILLIAMS VP OF ACCOUNTING AND CFO 166763 0 0 0 0 0 0 0 35631 0 202394 0 0 0 KENNY HARPER CREW LEADER 137199 0 0 0 0 0 0 0 45821 0 183020 0 0 0 JOHN MARTIN MANAGER OF OPERATIONS 119241 0 0 0 0 0 0 0 56848 0 176089 0 0 0 WARD MORGAN VP TECHNICAL SERVICES 138317 0 0 0 0 0 0 0 30866 0 169183 0 0 0 JEREMY GOODMAN SUBSTATION CREW LEADER 120701 0 0 0 0 0 0 0 42776 0 163477 0 0 0 DARRYL CORN LINE TECHNICIAN 120025 0 0 0 0 0 0 0 42723 0 162748 0 0 0 DUSTIN COPE LINE TECHNICIAN 122735 0 0 0 0 0 0 0 18401 0 141136 0 0 0 SCOTT ADAIR VP OF HR & MEMBERS SERVICES 110234 0 0 0 0 0 0 0 28449 0 138683 0 0 0 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. THE ENTIRE ORGANIZATION RECEIVES AN ANNUAL REFRESHER COURSE ON THE POLICY. 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 NON BARGAINING EMPLOYEES - WAGE AND SALARY PLAN HAS BEEN DEVELOPED BASED ON STATE, REGIONAL, AND NATIONAL SURVEY OF ELECTRIC COOPERATIVES. WAGES BASED ON JOB CLASSIFICATIONS AND RESPONSIBILITIES. BARGAINING EMPLOYEES - BASED ON CONTRACT NEGOTIATIONS. 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 ANNUAL MEETING OF MEMBERS IS HELD. FORM 990, PART XI, LINE 9: COMPREHENSIVE INCOME-POSTRETIREMENT BENEFITS -4,748. MARGINS ALLOCATED TO MEMBERS 1,138,138. NET CHANGE IN MEMBERSHIPS -4,405. 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.