2019-11-05T12:52:17-08:00 2018-12-31 541320089 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2018-01-01 560229234 FRENCH BROAD ELECTRIC MEMBERSHIP CORP FREN 8286492051 PO BOX 9 MARSHALL NC 28753 JOSEPH G JUSTICE President 2019-11-05 true G STEVEN GILLIAM CPA P00348264 8043231313 2018 2020-03-31 21:24:44Z JOSEPH G JUSTICE PO BOX 9 MARSHALL NC 28753 69742295 false false X FRENCHBROADEMC.COM X 1939 NC Safe and effective distribution of electricity to members of French Broad EMC. 11 11 128 638 0 62451223 67979614 555920 569395 1193342 1192474 64200485 69741483 0 1822310 3552481 12168226 12931763 0 0 47919861 52390398 61910397 68874642 2290088 866841 126420947 128517295 82488591 82398723 43932356 46118572 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 Electric Membership Corporation. The three largest program services, as measured by expenses are as follows:Cost of power $37,090,482Salaries and wages $8,286,438Depreciation and amortization $7,115,833 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 false false false true false false false false false false false false true 30 0 true 128 true true true false false false false false false false 67490062 1060873 false false 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 JOSEPH G JUSTICE President 10.00 0.00 X X 27088 0 0 JAMES M RAY VICE PRESIDENT 10.00 0.00 X X 28721 0 0 JOHN L CHANDLER Secretary 11.00 0.00 X X 29621 0 0 GARY T WILDE TREASURER 12.00 0.00 X X 34141 0 0 BILL RIDDLE DIRECTOR 9.00 0.00 X 26788 0 0 JD QUINN DIRECTOR 5.00 0.00 X 24688 0 0 GORDON RANDOLPH Asst. Treasurer 12.00 0.00 X X 17883 0 0 CARL RAMSEY DIRECTOR 9.00 0.00 X 27088 0 0 KEITH A KUHNE DIRECTOR 10.00 0.00 X 28085 0 0 CHARLES R TOLLEY DIRECTOR 9.00 0.00 X 27650 0 0 Jill Austin Director 11.00 0.00 X X 29921 0 0 JEFFERY LOVEN GENERAL MANAGER 46.00 0.00 X 231111 0 110908 PHYLLIS HOLT OFFICE MANAGER 45.00 0.00 X 142670 0 72893 Tracy Evans District Manager 60.00 0.00 X 151185 0 73645 Gregory Fowler District Manager 48.00 0.00 X 156220 0 99020 Hugh R Flemming OP MGR. / SAF CORD 55.00 0.00 X 122005 0 9262 Dewey R Willis Service Tech 51.00 0.00 X 117883 0 37853 DONALD R WEBB Eng. & Opr. Mgr. 48.00 0.00 X 121578 0 48153 Danny H Hensley Crew Leader 46.00 0.00 X 118555 0 43506 Jackie Buchanan Service Tech 46.00 0.00 X 110362 0 43390 1573243 538630 21 false true false HERITAGE EXTERIOR MAINTENANCE PO BOX 1089 BURNSVILLE NC 28714 ROW MAINTENANCE 2629379 HAYNES ELECTRIC PO BOX 536767 ATLANTA GA 30353 ELECTRIC CONSTRUCTIO 800648 Lewis Tree PO Box 1118 CONCORD NC 28026 ROW MAINTENANCE 845171 JAS of Weaverville LLC PO Box 1716 Mars Hill NC 28754 Heat Pump Install 390747 SOUTHEAST WOODLAND SERVICES 431 CAINES LANDING RD CONWAY SC 29526 ROW SPRAYING 493046 7 0 CIAC 344735 344735 PATRONAGE ALLOCATIONS 144817 144817 SALE OF ELECTRICITY 67490062 67490062 67979614 533063 533063 0 0 1450 1191360 812 638 1191360 1191998 638 1191360 36332 36332 36332 36332 0 0 0 Other 221000 476 476 476 69741483 67980090 638 1760755 X 0 0 0 3552481 1339326 0 8286438 1781935 806654 717410 0 71124 0 0 0 0 0 0 0 0 0 0 1248580 0 91396 2657790 0 7115833 0 COST OF POWER 37090482 DISTRIBUTION MAINTENANCE 5100468 DISTRIBUTION OPERATION 1563259 ADMIN AND GENERAL 1199146 -3747680 68874642 0 0 0 2683866 2128501 3060000 3060000 0 5993733 6656783 0 0 568000 477000 2353106 2178412 1055467 849377 202948736 92787110 107764497 110161626 0 0 2403050 2451657 0 539228 553939 126420947 128517295 7709762 7602036 60986603 60681804 13792226 14114883 82488591 82398723 X 43932356 46118572 43932356 46118572 126420947 128517295 X 866841 1319375 X false true X true false 202948736 92787110 110161626 110161626 PATRONAGE CAPITAL 1277635 C CAPITAL TERM CERTIFICATES 1173022 C MEMBERSHIP FEES 1000 C APBO 11930821 CONSUMER DEPOSITS 783145 DEFERRED CREDITS 367722 REGULATORY LIABILITIES 1033195 14114883 X Part X : FIN48 Footnote 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 Danny H Hensley Crew Leader 118555 27009 16497 162061 Dewey R Willis Service Tech 117883 21859 15994 155736 DONALD R WEBB Eng. & Opr. Mgr. 121578 31535 16618 169731 Gregory Fowler District Manager 156220 81984 17036 255240 Jackie Buchanan Service Tech 110362 27309 16081 153752 JEFFERY LOVEN GENERAL MANAGER 231111 92648 18260 342019 PHYLLIS HOLT OFFICE MANAGER 142670 55860 17033 215563 Tracy Evans District Manager 151185 56573 17072 224830 James Ray Winter Star Co President Econ. Dev. Loan false Schedule L, Part V Supplemental Information 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, 2018 was $252,000. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder 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, Part VI, Line 7a: How Members or Shareholders Elect Governing Body All members of the French Broad Electric Membership Corporation receive one vote with respect to selecting the Corporations's board of directors. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Certain decisions of the Governing body are subject to approval by the members as provided for in its bylaws. Form 990, Part VI, Line 11b: Form 990 Review Process 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, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management THE BOARD OF DIRECTORS SETS THE SALARY OF THE GENERAL MANAGER AND IS RESPONSIBLE FOR ANY JOB REVIEW OR INCREASE IN PAY. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 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, Part VI, Line 19: Other Organization Documents Publicly Available 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. Other Changes In Net Assets Or Fund Balances - Other Decreases CIAC not revenue per GAAP = -$344735 Other Changes In Net Assets Or Fund Balances - Other Increases NON-CASH PATRONAGE ALLOCATIONS = $49214 Other Changes In Net Assets Or Fund Balances - Other Increases OCI = $46260 Other Changes In Net Assets Or Fund Balances - Other Decreases Patronage capital retirements = -$1983845 Other Changes In Net Assets Or Fund Balances - Other Increases PATRONAGE DIV PAID TO MEMBERS ACCTS NOT EXPENSED PER GAAP = $3552481 FORM 990 PART VII COLUMN (F) 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 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.