2020-11-03T13:43:01-06:00 2019-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2019-01-01 560229234 FRENCH BROAD ELECTRIC MEMBERSHIP CORPORATION FREN 8286492051 PO BOX 9 MARSHALL NC 28753 JOSEPH G JUSTICE PRESIDENT 8286492051 2020-08-21 true G STEVEN GILLIAM CPA P00348264 8043231313 2020-08-24 72.84.234.34 2020-11-03 13:43:01 CS P ACA39D8962F2BB59B316BF06430B2B7C29AE552B 61A6FECD8215AA087FF7745E3D605B7EF8D8F4B6 2019 2021-04-22 16:20:28Z JOSEPH G JUSTICE PO BOX 9 MARSHALL NC 28753 67081857 false X FRENCHBROADEMC.COM X 1939 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO MEMBERS OF FRENCH BROAD EMC. 11 11 126 688 1275678 67979614 64012751 569395 595334 1192474 1197282 69741483 67081045 0 3552481 2030781 12931763 13335841 0 0 52390398 50815195 68874642 66181817 866841 899228 128517295 133845671 82398723 83702039 46118572 50143632 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO MEMBERS OF FRENCH BROAD EMC. false false THE SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS OF FRENCH BROAD EMC. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER: 33,624,918 SALARIES AND WAGES: 8,438,940 DEPRECIATION AND AMORTIZATION: 7,621,296 false false false false false false false false false true false false false true true false false false false false false false false false false false false false true false false false false false true false false false false false false false false true 30 0 true 126 true true true false false false false 63570600 1033960 false false false X 11 11 false false false false true true true true true false true true true true true false false false true true false NC X PHYLLIS HOLT 8286492051 PO BOX 9 MARSHALL NC 28753 X JEFFERY LOVEN GENERAL MANA 46.00 X 261744 0 109750 GREGORY FOWLER DISTRICT MAN 48.00 X 168459 0 91455 TRACY EVANS DISTRICT MAN 60.00 X 162882 0 72055 PHYLLIS HOLT OFFICE MANAG 48.00 X 155833 0 65403 DONALD R WEBB ENG. & OPR. 48.00 X 131634 0 40960 DEWEY R WILLS SERVICE TECH 54.00 X 123912 0 35049 DANNY H HENSLEY CREW LEADER 45.00 X 112222 0 41379 JACKIE D BUCHANAN SERVICE TECH 49.00 X 110193 0 43397 HUGH R FLEMING OP MGR. / SA 55.00 X 133440 0 9249 GARY T WILDE TREASURER 12.00 X X 36344 0 0 JAMES M RAY VICE PRESIDE 11.00 X X 31520 0 0 JILL AUSTIN DIRECTOR 10.00 X 29720 0 0 JOHN L CHANDLER SECRETARY 11.00 X X 29720 0 0 JOSEPH G JUSTICE PRESIDENT 12.00 X X 29194 0 0 CARL RAMSEY DIRECTOR 10.00 X 28994 0 0 KEITH A KUHNE DIRECTOR 10.00 X 28786 0 0 CHARLES R TOLLEY DIRECTOR 9.00 X 28362 0 0 BILL RIDDLE DIRECTOR 7.00 X 26894 0 0 JERRY GRIFFITH DIRECTOR 9.00 X 23367 0 0 GORDON RANDOLPH ASST TREASUR 10.00 X X 16587 0 0 1669807 508697 22 false true false HERITAGE EXTERIOR MAINTENANCE PO BOX 1089 BURNSVILLE NC 28714 RIGHT OF WAY 3082926 LEWIS TREE PO BOX 1118 CONCORD NC 28026 RIGHT OF WAY 1252792 HAYNES ELECTRIC PO BOX 536767 ATLANTA GA 30353 UTILITY WORK 1083877 FIBER OPTIC SOLUTIONS 14 OLD CHARLOTTE HWY ASHEVILLE NC 28803 FIBER WORK 985739 SOUTHEAST WOODLAND SERVICES 431 CAINES LANDING RD CONWAY SC 29526 ROW SPRAYING 413971 9 X 1275678 1275678 SALE OF ELECTRICITY 63570600 63570600 CIAC 330342 330342 PATRONAGE ALLOCATIONS 111809 111809 64012751 538474 538474 1500 1191360 812 688 1191360 1192048 688 1191360 56860 56860 56860 56860 MISCELLANEOUS INCOME 221000 5234 5234 5234 67081045 64017985 688 1786694 X 2030781 1397069 8438940 1958149 806654 735029 62136 1257819 91884 2664612 7621296 COST OF POWER 33624918 DISTRIBUTION MAINTENANCE 7375614 ADMIN AND GENERAL 1471690 CONSUMER ACCOUNTS 1057987 -4412761 66181817 0 0 0 2128501 2341437 3060000 6656783 5719959 477000 534115 2178412 2573019 849377 755731 216088227 97383115 110161626 118705112 2451657 2463357 553939 752941 128517295 133845671 7602036 8123495 60681804 63989859 14114883 11588685 82398723 83702039 X 46118572 50143632 46118572 50143632 128517295 133845671 X 899228 3125832 X false true X true true true 216088227 97383115 118705112 118705112 APBO 8729948 DEFERRED CREDITS 1186550 REGULATORY LIABILITIES 849577 CONSUMER DEPOSITS 822610 11588685 X 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. X X false false false JEFFERY LOVEN GENERAL MANAGER 261744 94797 14953 371494 GREGORY FOWLER DISTRICT MANAGER 168459 76502 14953 259914 TRACY EVANS DISTRICT MANAGER 162882 57102 14953 234937 PHYLLIS HOLT OFFICE MANAGER 155833 50450 14953 221236 DONALD R WEBB ENG. & OPR. MGR. 131634 26007 14953 172594 DEWEY R WILLS SERVICE TECH 123912 20096 14953 158961 DANNY H HENSLEY CREW LEADER 112222 26426 14953 153601 JACKIE D BUCHANAN SERVICE TECH 110193 28444 14953 153590 JAMES RAY WINTER STAR CO PRESIDENT ECON. DEV. LOAN. false SCHEDULE L, PART V JAMES RAY IS PRESIDENT OF WINTER STAR COMPANY. THE ORGANIZATION PROVIDED WINTER STAR COMPANY WITH A 360,000 RURAL ECONOMIC DEVELOPMENT LOAN. THE LOAN BALANCE AT DECEMBER 31, 2019 WAS 216,000. FORM 990 FORM 990, PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS PATRONAGE DIVIDENDS ARE CREDITED TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE-EXISTING OBLIGATION IN COOPERATIVE'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. PATRONAGE DIVIDENDS OF SECTION 501(C)(12) ORGANIZATIONS ARE REPORTED ON LINE 4. FORM 990, PAGE 6, PART VI, LINE 6 FRENCH BROAD ELECTRIC MEMBERSHIP CORPORATION IS AN ELECTRIC MEMBERSHIP CORPORATION THAT DELIVERS ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. THE MEMBERS ELECT THE BOARD OF DIRECTORS, WHICH COMPRISE THE GOVERNING BODY OF THE CORPORATION. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS OF THE FRENCH BROAD ELECTRIC MEMBERSHIP CORPORATION RECEIVE ONE VOTE WITH RESPECT TO SELECTING THE CORPORATIONS'S BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS AS PROVIDED FOR IN ITS BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B ACCOUNTING PERSONNEL REVIEW THE 990 FOR ACCURACY BEFORE FURNISHING IT TO THE CHIEF EXECUTIVE OFFICER AND THE BOARD OF DIRECTORS FOR THEIR APPROVAL. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS SETS THE SALARY OF THE GENERAL MANAGER AND IS RESPONSIBLE FOR ANY JOB REVIEW OR INCREASE IN PAY. FORM 990, PAGE 6, PART VI, LINE 15B THE GENERAL MANAGER IS RESPONSIBLE FOR THE JOB REVIEW OF EACH UPPER MANAGEMENT POSITION. THIS REVIEW IS CONDUCTED AS DEEMED NECESSARY, AND MERIT RAISES ARE CONSIDERED BASED ON PAST JOB PERFORMANCE, ADDITIONAL RESPONSIBILITIES, AND THE FINANCIAL POSITION OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 19 ALL NEW MEMBERS ARE OFFERED THE OPPORTUNITY TO RECEIVE A COPY OF THE BYLAWS AND SERVICE RULES AND REGULATIONS WHEN THEY SIGN UP FOR SERVICE. THIS INFORMATION IS ALSO AVAILABLE ON THE FBEMC WEBSITE. A FINANCIAL REPORT IS MAILED TO EACH MEMBER EVERY YEAR IN THE ANNUAL MEETING NOTICE. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S HEADQUARTERS. FORM 990, PART VII INCLUDED IN FORM 990, PART VII, COLUMN (F) AND SCHEDULE J, PART II, COLUMN (C) IS THE ACTUARIAL INCREASE IN DEFINED BENEFIT PLANS. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN IS 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 PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. FORM 990, PART VIII GOVERNMENT GRANTS ON LINE 1E INCLUDE AMOUNTS RECEIVED THROUGH SEPTEMBER 30, 2019, WHICH WAS THE DATE OF THE COOPERATIVE'S SINGLE AUDIT REPORT. FORM 990, PART XI, LINE 9 PATRONAGE DIV PAID TO MEMB NOT EXP PER GAAP 2,030,781 NON-CASH PATRONAGE ALLOCATIONS 33,182 OCI 3,334,926 OTHER 598 CIAC NOT REVENUE PER GAAP -330,342 PATRONAGE CAPITAL RETIREMENTS -1,943,313 TOTAL 3,125,832