FRENCH BROAD ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- FRENCH BROAD ELECTRIC MEMBERSHIP CORPORATION (EIN 56-0229234)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-04-29
- IRS object ID
- 201301199349300510
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-04-29T08:47:28-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560747981 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIXON HUGHES GOODMAN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 EXCHANGE STREET SUITE G | AddressLine1 |
| City | DANVILLE | City |
| State | VA | State |
| ZIP Code | 24541 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560229234 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRENCH BROAD ELECTRIC MEMBERSHIP CORP | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FREN | NameControl |
| Phone | 8286492051 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 9 | AddressLine1 |
| City | MARSHALL | City |
| State | NC | State |
| ZIP Code | 287530009 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOSEPH G JUSTICE | Name |
| Title | PRESIDENT | Title |
| Phone | 8286492051 | Phone |
| Date Signed | 2013-04-29 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | STEVEN E FARRAR | Name |
| PTIN | P00439700 | PTIN |
| Phone | 4347925334 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JOSEPH G JUSTICE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 9 | AddressLine1 |
| City | MARSHALL | City |
| State | NC | State |
| ZIP Code | 28753 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 60141810 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | N/A | WebSite |
| Type Of Organization Other | X | TypeOfOrganizationOther |
| Year Formation | 1939 | YearFormation |
| State Legal Domicile | NC | StateLegalDomicile |
| Activity Or Mission Description | SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 175 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 1550 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 57559188 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 59961949 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 129920 | InvestmentIncomePriorYear |
| Investment Income Current Year | 155288 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2489648 | OtherRevenuePriorYear |
| Other Revenue Current Year | 24473 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 60178756 | TotalRevenuePriorYear |
| Total Revenue Current Year | 60141710 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 1193677 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 1308461 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1011383 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1003238 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 55866762 | OtherExpensePriorYear |
| Other Expenses Current Year | 56925968 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 58071822 | TotalExpensesPriorYear |
| Total Expenses Current Year | 59237667 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2106934 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 904043 | RevenuesLessExpensesCY |
| Total Assets BOY | 115491858 | TotalAssetsBOY |
| Total Assets EOY | 117875922 | TotalAssetsEOY |
| Total Liabilities BOY | 70728564 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 73078210 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 44763294 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 44797712 | NetAssetsOrFundBalancesEOY |
| Mission Description | SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 28 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 175 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Gross Income From Members | 58681328 | GrossIncomeFromMembers |
| Gross Income Other Sources | 156938 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 0 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 0 | RegularMonitoringEnforcement |
| Whistleblower Policy | 0 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PHYLLIS HOLT | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8286492051 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 9 | AddressLine1 |
| City | MARSHALL | City |
| State | NC | State |
| ZIP Code | 28753 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (15 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| T WARREN BUCHANAN | ||||||||
| ASST. TREAS. | 5.00 | X | X | 4100 | 0 | 13172 | ||
| J D QUINN | ||||||||
| DIRECTOR | 5.00 | X | 3800 | 0 | 13172 | |||
| JOHN L CHANDLER | ||||||||
| SECRETARY | 5.00 | X | X | 4700 | 0 | 13308 | ||
| DR KEITH A KUHNE | ||||||||
| DIRECTOR | 5.00 | X | 3200 | 0 | 13311 | |||
| JOSEPH G JUSTICE | ||||||||
| PRESIDENT | 6.00 | X | X | 7100 | 0 | 13201 | ||
| CARL O RAMSEY | ||||||||
| DIRECTOR | 5.00 | X | 3800 | 0 | 13214 | |||
| JAMES M RAY | ||||||||
| VICE PRES | 6.00 | X | X | 6000 | 0 | 13308 | ||
| BILL R RIDDLE | ||||||||
| DIRECTOR | 5.00 | X | X | 4100 | 0 | 13172 | ||
| GARY T WILDE | ||||||||
| TREASURER | 6.00 | X | X | 5200 | 0 | 13308 | ||
| EARLE WISE | ||||||||
| DIRECTOR | 4.00 | X | 2900 | 0 | 12228 | |||
| GORDON RANDOLPH | ||||||||
| DIRECTOR | 5.00 | X | 4400 | 0 | 9552 | |||
| JEFFREY LOVEN | ||||||||
| GENERAL MANAGER | 40.00 | X | 224855 | 0 | 86904 | |||
| PHYLLIS HOLT | ||||||||
| OFFICE MANAGER | 40.00 | X | 115506 | 0 | 43366 | |||
| RICHARD THOMASON | ||||||||
| ASSISTANT GENERAL MANAGER | 40.00 | 171047 | 0 | 16685 | X | |||
| GREG FOWLER | ||||||||
| ASSISTANT GENERAL MANAGER | 40.00 | 102809 | 0 | 51820 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 663517 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 339721 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 1 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| HERITAGE EXTERIOR MAINTENANCE | |||||
| P O BOX 1089 | BURNSVILLE | NC | 28714 | RIGHT OF WAY CLEARING | 3478994 |
| CAROLINA TREE | |||||
| P O BOX 1118 | CONCORD | NC | 28026 | RIGHT OF WAY CLEARING | 1232424 |
| HAYNES ELECTRIC | |||||
| P O BOX 536767 | ATLANTA | GA | 30353 | CONSTRUCTION AND MAINTENANCE, ELECTRIC | 1149875 |
| SOUTHEAST WOODLAND SERVICES | |||||
| 431 CAINES LANDING RD | CONWAY | SC | 29526 | RIGHT OF WAY SPRAYING | 380106 |
| JBL COMMUNICATIONS | |||||
| 14 OLD CHARLOTTE HWY | ASHEVILLE | NC | 28803 | FIBER CONSTRUCTION | 188250 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| SALE OF ELECTRICITY | 221000 | 57837464 | 57837464 | |
| POLE RENTAL INCOME | 221000 | 1121580 | $1,121,580 | |
| CONSTRUCTION | 221000 | 869625 | 869625 | |
| PATRONAGE ALLOCATIONS | 221000 | 133280 | 133280 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 59961949 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 155288 | TotalRevenueColumn |
| Exclusion | $155,288 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1650 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 100 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 1550 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1550 | TotalRevenueColumn |
| Unrelated Business Revenue | 1550 | UnrelatedBusinessRevenue |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Business Code | 221000 | BusinessCode |
| Total Revenue Column | 22923 | TotalRevenueColumn |
| Related Or Exempt Function Income | 22923 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 22923 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 60141710 | TotalRevenueColumn |
| Related Or Exempt Function Income | 58863292 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1550 | UnrelatedBusinessRevenue |
| Exclusion | $1,276,868 | ExclusionAmount |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1308461 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 663517 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 133637 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 206084 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3295524 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5931103 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| COST OF POWER | 29686535 |
| DISTRIBUTION - MAINTENA | 8117016 |
| CONSUMER ACCOUNTS | 2822570 |
| DISTRIBUTION - OPERATIO | 2590367 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4482853 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 59237667 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 156 | BOY |
| EOY | 155 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1185961 | BOY |
| EOY | 3735170 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3268338 | BOY |
| EOY | 3072823 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1711360 | BOY |
| EOY | 1640876 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 869435 | BOY |
| EOY | 643466 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 174734931 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 68780830 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 105692587 | BOY |
| EOY | 105954101 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2269300 | BOY |
| EOY | 2327566 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 494721 | BOY |
| EOY | 501765 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 115491858 | BOY |
| EOY | 117875922 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7317585 | BOY |
| EOY | 6540201 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62253591 | BOY |
| EOY | 64618243 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1157388 | BOY |
| EOY | 1919766 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70728564 | BOY |
| EOY | 73078210 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44763294 | BOY |
| EOY | 44797712 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44763294 | BOY |
| EOY | 44797712 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 115491858 | BOY |
| EOY | 117875922 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 904043 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -869625 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 4022339 | OtherCostOrOtherBasis |
| Book Value | 4022339 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5088836 | OtherCostOrOtherBasis |
| Depreciation | 1748755 | Depreciation |
| Book Value | 3340081 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 165623756 | OtherCostOrOtherBasis |
| Depreciation | 67032075 | Depreciation |
| Book Value | 98591681 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 105954101 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DEFERRED CREDITS | $1,216,181 |
| CONSUMER DEPOSITS | $703,585 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1919766 | TotalOfAmounts |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | THE ORGANIZATION ANSWERED NO TO QUESTION #12 ON PART IV ON PAGE 3 OF THE 990 BECAUSE THEY HAVE A SEPTEMBER 30TH YEAR END FOR FINANCIAL STATEMENTS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JEFFREY LOVEN | ||||||||||||||
| GENERAL MANAGER | 224855 | 0 | 0 | 0 | 0 | 0 | 69814 | 0 | 17090 | 0 | 311759 | 0 | 0 | 0 |
| PHYLLIS HOLT | ||||||||||||||
| OFFICE MANAGER | 115506 | 0 | 0 | 0 | 0 | 0 | 27625 | 0 | 15741 | 0 | 158872 | 0 | 0 | 0 |
| RICHARD THOMASON | ||||||||||||||
| ASSISTANT GENERAL MANAGER | 171047 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16685 | 0 | 187732 | 0 | 0 | 0 |
| GREG FOWLER | ||||||||||||||
| ASSISTANT GENERAL MANAGER | 102809 | 0 | 0 | 0 | 0 | 0 | 36198 | 0 | 15622 | 0 | 154629 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | T. 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, SECTION A, LINE 6 | THE ORGANIZATION OPERATES AS A COOPERATIVE. MEMBERSHIP IS COMPRISED OF THOSE INDIVIDUALS AND BUSINESSES THAT USE THE ORGANIZATION'S SERVICES. THERE ARE NO CLASSES OF MEMBERSHIP. EACH MEMBER HAS ONE VOTE. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP. | |
| FORM 990, PART VI, SECTION A, LINE 7B | ARTICLE XI OF THE BYLAWS REQUIRES APPROVAL BY TWO-THIRDS OF THE MEMBERSHIP TO DISPOSE OF PROPERTY IN EXCESS OF 10% OF TOTAL ASSETS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | ACCOUNTING PERSONNEL REVIEW THE 990 FOR ACCURACY BEFORE FURNISHING IT TO THE CHEIF EXECUTIVE OFFICER AND THE BOARD OF DIRECTORS FOR THEIR APPROVAL. | |
| FORM 990, PART VI, SECTION B, LINE 15 | GENERAL MANAGER: THE BOARD OF DIRECTORS SETS THE SALARY OF THE GENERAL MANAGER AND IS RESPONSIBLE FOR ANY JOB REVIEW OR INCREASE IN PAY. UPPER MANAGEMENT: 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, SECTION C, LINE 18 | THE 990 AND 990-T ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S HEADQUARTERS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL NEW MEMBERS ARE PROVIDED A COPY OF THE BYLAWS AND SERVICE RULES AND REGULATIONS IN THEIR NEW MEMBER PACKET WHICH IS MAILED TO THEM WITHIN A FEW WEEKS OF BEING CONNECTED. 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 XI, LINE 9: | CONTRIBUTIONS IN AID OF CONSTRUCTION -869,625. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| NO CHANGES IN CY. |