2016-11-03T11:57:41-07:00 2015-12-31 ADAMS JENKINS CHEATHAM PC 231 WYLDEROSE DR MIDLOTHIAN VA 231136845 990 2015-01-01 560229234 FRENCH BROAD ELECTRIC MEMBERSHIP CORP FREN 8286492051 PO BOX 9 MARSHALL NC 28753 JOSEPH G JUSTICE President 2016-11-03 true G STEVEN GILLIAM CPA P00348264 8043231313 2015 2017-02-10 21:41:12Z JOSEPH G JUSTICE PO BOX 9 MARSHALL NC 28753 63807024 false false X FRENCHBROADEMC.COM X 1939 NC Safe and effective distribution of electricity to members of French Broad EMC. 11 11 118 825 9713 339286 64276420 62031106 216316 230065 1162919 1206192 65665368 63806649 9713 339286 3486670 3439784 10056259 10405583 0 0 51498915 49078476 65051557 63263129 613811 543520 119166055 124876444 77358064 81443206 41807991 43433238 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 $32,624,948Salaries and wages $7,437,224Depreciation and amortization $6,143,320 false 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 true false false false false false false false false false false false false false false true 31 0 true 118 true true true false false false false false false false 61557522 705037 false false false X 11 11 true 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 6.00 0.00 X X 23982 0 0 JAMES M RAY VICE PRESIDENT 5.00 0.00 X X 22826 0 0 JOHN L CHANDLER Secretary 5.00 0.00 X X 23526 0 0 GARY T WILDE TREASURER 7.00 0.00 X X 28468 0 0 WARREN BUCHANAN ASST TREASURER 4.00 0.00 X X 21582 0 0 BILL RIDDLE DIRECTOR 4.00 0.00 X 21582 0 0 JD QUINN DIRECTOR 4.00 0.00 X 21282 0 0 GORDON RANDOLPH DIRECTOR 5.00 0.00 X 14584 0 0 CARL RAMSEY DIRECTOR 4.00 0.00 X 21290 0 0 KEITH A KUHNE DIRECTOR 5.00 0.00 X 22626 0 0 CHARLES R TOLLEY DIRECTOR 4.00 0.00 X 22136 0 0 JEFFERY LOVEN GENERAL MANAGER 46.00 0.00 X 211828 0 95465 PHYLLIS HOLT OFFICE MANAGER 45.00 0.00 X 130493 0 47290 Hugh R Flemming OP MGR. / SAF CORD 55.00 0.00 X 108547 0 10895 Gregory C Fowler District Manager 48.00 0.00 X 122730 0 63365 DONALD R WEBB Eng. & Opr. Mgr. 48.00 0.00 X 112427 0 30664 KIMBERLY L PATE Dist. Off. Mgr 45.00 0.00 X 104455 0 28340 Tracy Evans District Manager 60.00 0.00 X 139027 0 48130 1173391 324149 7 false true false HERITAGE EXTERIOR MAINTENANCE PO BOX 1089 BURNSVILLE NC 28714 ROW MAINTENANCE 3277629 HAYNES ELECTRIC PO BOX 536767 ATLANTA GA 30353 ELECTRIC CONSTRUCTIO 652227 CAROLINA TREE PO BOX 1118 CONCORD NC 28026 ROW MAINTENANCE 1055187 Edwards Utility 86 Clayton Lake Rd Waynesville NC 28785 Fiber installation 164994 SOUTHEAST WOODLAND SERVICES 431 CAINES LANDING RD CONWAY SC 29526 ROW SPRAYING 642082 6 339286 339286 CIAC 388810 388810 PATRONAGE ALLOCATIONS 84774 84774 SALE OF ELECTRICITY 61557522 61557522 62031106 180166 180166 0 0 1200 1205179 375 825 1205179 1206004 825 1205179 49899 49899 49899 49899 0 0 0 MISCELLANEOUS INCOME 221000 188 188 188 63806649 62031294 825 1435244 339286 0 0 3439784 728960 0 7437224 1617035 0 622364 0 20710 0 0 0 0 0 0 0 0 0 0 914684 0 74513 2943229 0 6143320 0 COST OF POWER 32624948 DISTRIBUTION MAINTENANCE 6111397 ADMIN AND GENERAL 1247321 CONSUMER ACCOUNTS 1111114 -2112760 63263129 0 0 0 60155 60155 1121589 6345217 0 5168147 5503262 0 0 360000 660000 1736223 1797990 1339231 1060119 185084726 78419522 106693212 106665204 0 0 1000 1000 0 2686498 2783497 119166055 124876444 7001940 6955418 59010436 62157925 11345688 12329863 77358064 81443206 X 41807991 43433238 41807991 43433238 119166055 124876444 X 543520 1081727 X false true X true false 185084726 78419522 106665204 106665204 MEMBERSHIP FEES 1000 C APBO 9327120 CONSUMER DEPOSITS 763845 DEFERRED CREDITS 774537 REGULATORY LIABILITIES 1464361 12329863 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 Gregory C Fowler District Manager 117167 5563 52470 10895 186095 JEFFERY LOVEN GENERAL MANAGER 209765 2063 84570 10895 307293 PHYLLIS HOLT OFFICE MANAGER 130493 36395 10895 177783 Tracy Evans District Manager 136033 2994 37235 10895 187157 James Ray Winter Star Co President ECONOMIC DEVELOPMENT X 360000 360000 false true true 360000 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. Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et WARREN BUCHANAN, JAMES M. RAY, AND BILL R. RIDDLE ARE ON THE BOARD OF DIRECTORS FOR UNITED COMMUNITY BANK. THE ORGANIZATION HAS A DEPOSIT ACCOUNT WITH UNITED COMMUNITY BANK. 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 = -$388810 Other Changes In Net Assets Or Fund Balances - Other Increases NON-CASH PATRONAGE ALLOCATIONS = $76743 Other Changes In Net Assets Or Fund Balances - Other Decreases Other = -$1319 Other Changes In Net Assets Or Fund Balances - Other Decreases Patronage capital retirements = -$2044671 Other Changes In Net Assets Or Fund Balances - Other Increases PATRONAGE DIV PAID TO MEMBERS ACCTS NOT EXPENSED PER GAAP = $3439784 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.