2025-11-05T11:17:59-05:00 2024-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2024-01-01 560283268 JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION JONE 9103531940 259 WESTERN BOULEVARD JACKSONVILLE NC 28546 MICHAEL BROOKS VP FIN & ACCT 9103531940 2025-10-20 true true G STEVEN GILLIAM CPA P00348264 8043231313 2025-11-05 2024 2025-03-06 01:10:19Z MICHAEL BROOKS 259 WESTERN BOULEVARD JACKSONVILLE NC 28546 170617411 false X WWW.JOEMC.COM X 1939 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF JOEMC. 10 10 194 169381 0 159339818 169404098 175055 457819 354214 755494 159869087 170617411 0 4416392 1512799 22023300 23320679 0 0 130186158 141096770 156625850 165930248 3243237 4687163 378771852 394832474 195817108 208816031 182954744 186016443 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF JOEMC. false false RURAL ELECTRIC COOPERATIVE PROVIDING ELECTRIC SERVICES TO APPROXIMATELY 72,000 MEMBERS. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 111,586,159 OTHER SALARIES AND WAGES 15,043,137 DEPRECIATION 14,298,825 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 57 0 true 194 true true true false false false false 165783578 4507817 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 JOHN L PIERCE CHAIRMAN 4.00 X X 37095 0 0 THOMAS D WALLER VICE CHAIRMA 2.00 X X 20517 0 0 DOUGLAS C PARKER DIRECTOR 2.00 X 22191 0 0 IRIS HORNE DIRECTOR 3.50 X 27746 0 0 ROBERT L DAUGHETY DIRECTOR 3.50 X 27517 0 0 DALE POWELL DIRECTOR 2.00 X 20746 0 0 CECIL S HARGETT JR SECRETARY/TR 3.00 X X 26907 0 0 NELSON EARL BURGESS DIRECTOR 3.00 X 32195 0 0 BRANDON TODD HOWARD DIRECTOR 2.00 X 31329 0 0 MICHAEL CHAD MEADOWS DIRECTOR 3.00 X 23598 0 0 JEFFERY T CLARK CEO ADVISOR 50.00 X 559460 0 4026 RAY GARY CEO 50.00 X 441957 0 118655 MICHELLE HEFNER VP FIN & ACC 50.00 X 234184 0 20365 WANDA JONES VP COMMERCIA 50.00 X 239053 0 33856 JEFF ALLEN VP OPERATION 40.00 X 221881 0 146073 ANDREA AVERY VP HR 40.00 X 209776 0 237218 DEVIN COSTA VP IT 40.00 X 177820 0 51684 TIMOTHY SPENCER VP ENGINEERI 40.00 X 191629 0 65084 STEVE GOODSON VP BUSINESS 50.00 X 231507 0 21147 ANDY SHEPARD VP TECH STRA 40.00 X 187252 0 51861 RICKY MAREADY DISTRICT VP 40.00 X 175287 0 36795 BARBARA SILLIMAN-MARSHBURN MEMBER SVCS 40.00 X 161422 0 18803 TRAVIS RICH VP OPERATION 50.00 X 160342 0 127296 3461411 932863 48 false true false MERIDIAN COOPERATIVE INC 3 RAVINIA DRIVE NE STE P007 ATLANTA GA 30346 SOFTWARE 1680071 XYLEM I LLC 208 EAST PLUME ST STE 250 NORFOLK VA 23510 ROW CONTRACTOR 1124627 RIVER CITY CONSTRUCTION INC PO BOX 1420 WASHINGTON NC 27889 CONTRACT CREWS 1046519 EGROUP ENABLING TECHNOLOGIES PO BOX 122210 DALLAS TX 75312 TECHNOLOGY 1009864 TRANSFORMER MAINTENANCE & SERVICE PO BOX 189 NEWTON GROVE NC 28366 EQUIP. REPAIRS 665373 24 ELECTRIC SALES 221000 165749156 165749156 CIAC 221000 3166116 3166116 CAPITAL CR. - CASH REC. 221000 482182 482182 OTHER 221000 6644 6644 169404098 209351 209351 353794 353794 353794 353794 248468 248468 248468 248468 GAIN (LOSS) ON EQUITY INV 900099 232319 232319 BILLING SERVICES 900099 169305 169305 SALE OF WATER HEATERS 900099 76 76 401700 170617411 169636417 169381 811613 X 1512799 3222561 15043137 3287396 295478 1472107 66773 3197586 277154 6892598 14298825 COST OF POWER 111586159 ADMIN & GENERAL 7008178 MAINTENANCE 4456870 CONSUMER ACCOUNTS 1912421 -8599794 165930248 0 0 0 2027570 2923063 953548 1456253 18766445 19502914 1318958 1888125 5213216 7264472 2436289 2141141 454395482 149754106 297659125 304641376 1884336 1586955 438885 47138717 50321403 934763 3106772 378771852 394832474 18200551 23858714 157479707 161901520 20136850 23055797 195817108 208816031 X 182954744 186016443 182954744 186016443 378771852 394832474 X 4687163 -1625464 X false true X true false 3202407 3202407 8733968 4001888 4732080 22340309 19509679 2830630 420118798 126242539 293876259 304641376 PATRONAGE CAPITAL IN ASSOCIATED ORG 48265728 C CAPITAL TERM CERTIFICATES - CFC 2042550 C MEMBERSHIP FEES 13125 C 50321403 APBO 12460260 DEFERRED CREDITS 4786839 LEASE LIABILITY 3106772 CONSUMER DEPOSITS 2701926 23055797 X 170713125 3251657 3251657 167461468 3155943 3155943 170617411 164236357 -191265 -191265 164427622 1502626 1502626 165930248 SCHEDULE D, PAGE 3, PART X THE CORPORATION FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ACCOUNTING PRINICPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE CORPORATION HAS DETERMIEND THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENEUE SERVICE. SCHEDULE D, PAGE 4, PART XI, LINE 2D NONCASH PAT. CAPITAL ALLOC. ADJ 3,251,657 SCHEDULE D, PAGE 4, PART XI, LINE 4B CONTR IN AID OF CONSTRUCTION 3,166,116 OTHER EXPENSES -10,173 SCHEDULE D, PAGE 4, PART XII, LINE 2D BOOK/TAX DIFFERENCE ON OTHER INCOME -191,265 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIV PAID TO MEMBERS' ACCTS 1,512,799 OTHER EXPENSES -10,173 X X X X X false true false JEFFERY T CLARK CEO ADVISOR 44174 390805 124481 2261 1765 563486 160000 RAY GARY CEO 403394 27833 10730 106886 11769 560612 MICHELLE HEFNER VP FIN & ACCT 203266 6550 24368 11091 9274 254549 WANDA JONES VP COMMERCIAL OP 205802 6690 26561 15309 18547 272909 JEFF ALLEN VP OPERATIONS 197790 5990 18101 124891 21182 367954 ANDREA AVERY VP HR 191837 6410 11529 225226 11992 446994 DEVIN COSTA VP IT 163549 4940 9331 39692 11992 229504 TIMOTHY SPENCER VP ENGINEERING 171233 5360 15036 53092 11992 256713 STEVE GOODSON VP BUSINESS COM 206808 6690 18009 9155 11992 252654 ANDY SHEPARD VP TECH STRATEGY 166785 10820 9647 40510 11351 239113 RICKY MAREADY DISTRICT VP 164476 5830 4981 15613 21182 212082 BARBARA SILLIMAN-MARSHBURN MEMBER SVCS COORD 139679 5180 16563 7452 11351 180225 TRAVIS RICH VP OPERATIONS 156015 5490 -1163 106114 21182 287638 SCHEDULE J, PAGE 1, PART I, LINE 4 MICHELLE HEFNER 0 6,600 0 WANDA JONES 0 6,600 0 JEFF ALLEN 0 6,600 0 ANDREA AVERY 0 6,600 0 DEVIN COSTA 0 6,600 0 TIMOTHY SPENCER 0 6,600 0 STEVE GOODSON 0 6,600 0 RICKY MAREADY 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 79,000 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 3,251,657 PATRONAGE DIV PAID TO MEMBERS' ACCTS NOT EXP 1,512,799 BOOK/TAX DIFFERENCE ON OTHER INCOME 191,265 CONTRIBUTIONS IN AID OF CONST NOT REV PER GAAP -3,166,116 RETIREMENT OF CAPITAL CREDITS -1,780,679 OTHER COMPREHENSIVE LOSS -1,634,390 TOTAL -1,625,464