2024-05-14T09:26:22-05:00 2023-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2023-01-01 610236522 JACKSON PURCHASE ENERGY CORPORATION JACK 2704427321 6525 US HIGHWAY 60W PADUCAH KY 42001 GREG H GRISSOM PRESIDENT/CEO 2704427321 2024-05-13 1 GREG GRISSOM 999009999 1 TRAVIS C FRICK P01728213 5025830248 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z GREG H GRISSOM 6625 US HIGHWAY 60W PADUCAH KY 42001 92172082 0 X WWW.JPENERGY.COM X 1937 KY DISTRIBUTION SALES OF ELECTRICITY TO APPROXIMATELY 30,536 MEMBER OWNERS ON A PATRONAGE BASIS. 8 8 72 0 0 0 0 0 98095892 90648566 289258 309496 1042246 1211996 99427396 92170058 9000 10000 88156 848797 9585555 10194494 0 0 0 89744685 81116767 99427396 92170058 0 0 156746077 158268629 106459555 106382188 50286522 51886441 DISTRIBUTION SALES OF ELECTRICITY TO APPROXIMATELY 30,536 MEMBER OWNERS ON A PATRONAGE BASIS. 0 0 92170058 10000 91120871 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 30,536 MEMBERS ON A MONTHLY BASIS. 92170058 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 35 0 1 72 1 0 0 0 0 0 0 0 0 0 91120871 1049187 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X GREG H GRISSOM 2704427321 6625 US HIGHWAY 60W PADUCAH KY 42001 ERICK HARRIS CHAIRMAN 7.50 X X 10800 0 0 JACK MARSHALL VICE CHAIRMAN 7.50 X X 9850 0 0 WAYNE ELLIOTT SECRETARY TREAS 7.50 X X 7800 0 0 LEE BEARDEN DIRECTOR 7.50 X 10225 0 0 DAVID BROWN DIRECTOR 7.50 X 10875 0 0 JOSHUA BARNES DIRECTOR 7.50 X 8525 0 0 KEVIN BELL DIRECTOR 7.50 X 9550 0 0 TERRY TEITLOFF DIRECTOR 7.50 X 10875 0 0 WARD MORGAN VP OF OPERATIONS & TECHNIC 50.00 X 165362 0 36952 SCOTT ADAIR VP OF HR & MEMBERS SVCS 50.00 X 159777 0 36001 MEREDITH KENDALL VP, ACCOUNTING & FINANCE 50.00 X 135846 0 33331 TRAVIS SPICELAND VP OF ENGINEERING 50.00 X 133212 0 33616 GREG GRISSOM PRESIDENT & CEO 50.00 X 346287 0 110323 MICHAEL WASHAM CREW LEADER 50.00 X 159138 0 52065 JASON GIPSON CREW LEADER 50.00 X 153314 0 40741 JAMES TODD CREW LEADER 50.00 X 152634 0 52065 TERRY DOUBLIN CREW LEADER 50.00 X 151634 0 52065 KENNY HARPER CREW LEADER 50.00 X 149363 0 52065 1785067 0 499224 33 0 1 0 GROVES CONSTRUCTION PO BOX 1205 MADISONVILLE KY 42431 CONSTRUCTION 4157117 TOWNSEND TREE SERVICE PO BOX 7015 MUNCIE IN 47308 ROW CLEARING 3690808 QUALITY RESOURCES LLC PO BOX 9 SLAUGHTERS KY 42456 METER INSPECTIONS 550601 5 STAR ELECTRIC 14201 CALIBER DRIVE SUITE 300 OKLAHOMA CITY OK 73134 CONSTRUCTION 369839 PHILLIPS TREE EXPERTS LLC PO BOX 664 CORBIN KY 40702 TREE TRIMMING 189514 8 SALE OF ELECTRIC ENERGY 221000 90648566 90648566 90648566 311520 311520 2024 -2024 -2024 -2024 JOINT USE POLE ATTACHMENT 221000 737667 737667 PATRONAGE CAPITAL CREDITS 221000 474329 474329 1211996 92170058 91120871 0 1049187 10000 10000 848797 848797 1018984 1018984 5982826 5982826 1425656 1425656 1139190 1139190 627838 627838 51029 51029 12500 12500 111308 111308 2660893 2660893 7459544 7459544 256224 256224 COST OF POWER 65791745 65791745 DISTRIBUTION - MAINTENA 6212318 6212318 DISTRIBUTION - OPERATIO 4053640 4053640 ADMINISTRATIVE AND GENE 3951218 3951218 -9443652 -9443652 92170058 92170058 0 0 6044605 3352953 7784977 5819331 3289347 4141953 462080 441427 216447433 82292796 127893603 134154637 4025870 4352511 7245595 6005817 156746077 158268629 9611439 6801079 87560183 92765710 9287933 6815399 106459555 106382188 X 100925 96500 80204 835750 50105393 50954191 50286522 51886441 156746077 158268629 X 0 1599919 X X 0 1 X 1 0 573632 573632 19432033 1290829 18141204 196441768 81001967 115439801 134154637 CONSUMER DEPOSITS 3309619 ACCRUED EXPENSES 1019894 DEFERRED CREDITS 42274 POSTRETIREMENT BENEFIT OBLIGATION 2443612 6815399 X 92170058 0 92170058 0 92170058 92170058 0 92170058 0 92170058 PART X, LINE 2: THE CORPORATION'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE/BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. THE CORPORATION HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT. 1 SCHOLARSHIPS 10 10000 FMV X 0 1 X X X 0 0 0 GREG GRISSOM PRESIDENT & CEO 346287 0 0 0 0 0 93700 0 16623 0 456610 0 0 0 MICHAEL WASHAM CREW LEADER 159138 0 0 0 0 0 38759 0 13306 0 211203 0 0 0 JAMES TODD CREW LEADER 152634 0 0 0 0 0 38759 0 13306 0 204699 0 0 0 TERRY DOUBLIN CREW LEADER 151634 0 0 0 0 0 38759 0 13306 0 203699 0 0 0 WARD MORGAN VP OF OPERATIONS & TECHNIC 165362 0 0 0 0 0 21606 0 15346 0 202314 0 0 0 KENNY HARPER CREW LEADER 149363 0 0 0 0 0 38759 0 13306 0 201428 0 0 0 SCOTT ADAIR VP OF HR & MEMBERS SVCS 159777 0 0 0 0 0 20672 0 15329 0 195778 0 0 0 JASON GIPSON CREW LEADER 153314 0 0 0 0 0 27435 0 13306 0 194055 0 0 0 MEREDITH KENDALL VP, ACCOUNTING & FINANCE 135846 0 0 0 0 0 18264 0 15067 0 169177 0 0 0 TRAVIS SPICELAND VP OF ENGINEERING 133212 0 0 0 0 0 18426 0 15190 0 166828 0 0 0 PART I, LINE 1A SOCIAL CLUB DUES OF $2,735 WERE PAID ON GREG GRISSOM'S BEHALF DURING 2023. PART I, LINE 1B NO WRITTEN POLICY IS IN PLACE REGARDING PAYMENT OR REIMBURSEMENT OF THE EXPENSES DESCRIBED ABOVE; HOWEVER, SUBSTANTIATION IS REQUIRED PRIOR TO REIMBURSEMENT. FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MUST BE A MEMBER TO RECEIVE ELECTRIC SERVICE. EACH MEMBER HAS 1 VOTE. MAY HAVE MORE THAN 1 SERVICE PER MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - ANY MEMBER WHO HAS LIVED IN THEIR DISTRICT FOR SIX MONTHS AND WITH A PETITION OF 50 MEMBERS SIGNATURES MAY RUN FOR A DIRECTOR POSITION. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - MOST BYLAW CHANGES MUST BE APPROVED BY MAJORITY OF MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - DIRECTORS ARE FURNISHED A DRAFT COPY TO REVIEW PRIOR TO FILING. MAY MAKE INQUIRIES OF INFORMATION CONTAINED IN THE FILING. ADDITIONALLY, DIRECTORS MEET WITH THE INDEPENDENT AUDITOR IN A CLOSED SESSION AND ABLE TO ASK QUESTIONS AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST POLICY HAS BEEN ESTABLISHED BY THE BOARD OF DIRECTORS. THE ENTIRE ORGANIZATION RECEIVES AN ANNUAL REFRESHER COURSE ON THE POLICY. A STATEMENT IS SIGNED BY THE RECIPIENT ACKNOWLEDGING THE POLICY AND DISCLOSING ANY POTENTIAL CONFLICTS. BEYOND THE SELF-REPORTING, ALL DIRECTORS AND EMPLOYEES ARE ENCOURAGED TO REPORT SUSPICIOUS OR IMPROPER TRANSACTIONS TO THE APPROPRIATE PARTY. FORM 990, PART VI, SECTION B, LINE 15 NON BARGAINING EMPLOYEES - WAGE AND SALARY PLAN HAS BEEN DEVELOPED BASED ON STATE, REGIONAL, AND NATIONAL SURVEY OF ELECTRIC COOPERATIVES. WAGES BASED ON JOB CLASSIFICATIONS AND RESPONSIBILITIES. BARGAINING EMPLOYEES - BASED ON CONTRACT NEGOTIATIONS. FORM 990, PART VI, SECTION C, LINE 19 BYLAWS AND ANNUAL FINANCIAL STATEMENTS ARE MADE AVAILABLE TO EACH MEMBER ON AN ANNUAL BASIS. EACH YEAR ANNUAL MEETING OF MEMBERS IS HELD. FORM 990, PART XI, LINE 9: COMPREHENSIVE INCOME-POSTRETIREMENT BENEFITS 755,546. MARGINS ALLOCATED TO MEMBERS 848,798. NET CHANGE IN MEMBERSHIPS -4,425. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR. FORM 990, PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS REPRESENTS PATRONAGE CAPITAL ALLOCATED TO MEMBERS IN ACCORDANCE WITH THE BYLAWS OF THE COOPERATIVE.