2024-10-28T12:26:04-04:00 2023-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2023-01-01 560283268 JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION JONE 9103531940 259 WESTERN BOULEVARD JACKSONVILLE NC 28546 MICHELLE HEFNER VP FIN & ACCT 9103531940 2024-10-23 true true G STEVEN GILLIAM CPA P00348264 8043231313 2024-10-23 2023 2024-10-15 13:58:12Z MICHELLE HEFNER 259 WESTERN BOULEVARD JACKSONVILLE NC 28546 159979615 false X WWW.JOEMC.COM X 1939 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF JOEMC. 10 10 194 37560 0 152163171 159339818 201458 175055 272653 354214 152637282 159869087 0 4224965 4416392 21435666 22023300 0 0 123850784 130186158 149511415 156625850 3125867 3243237 364024262 378771852 187887721 195817108 176136541 182954744 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF JOEMC. false false RURAL ELECTRIC COOPERATIVE PROVIDING ELECTRIC SERVICES TO APPROXIMATELY 79,000 MEMBERS. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 102,057,955 OTHER SALARIES AND WAGES 14,612,484 DEPRECIATION 13,590,145 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 156600679 3076748 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 4.50 X X 39098 0 0 THOMAS D WALLER VICE CHAIRMA 2.50 X X 22220 0 0 DOUGLAS C PARKER DIRECTOR 2.00 X 20362 0 0 IRIS HORNE DIRECTOR 3.50 X 27315 0 0 ROBERT L DAUGHETY DIRECTOR 3.00 X 23620 0 0 DALE POWELL DIRECTOR 2.50 X 21015 0 0 CECIL S HARGETT JR SECRETARY/TR 2.50 X X 20878 0 0 NELSON EARL BURGESS DIRECTOR 3.00 X 31048 0 0 BRANDON TODD HOWARD DIRECTOR 2.50 X 30635 0 0 MICHAEL CHAD MEADOWS DIRECTOR 2.50 X 21767 0 0 JEFFERY T CLARK CEO ADVISOR 50.00 X 469291 0 40978 RAY GARY CEO 50.00 X 76443 0 3109 JEFFREY HUDSON COO 50.00 X 129178 0 14846 MICHELLE HEFNER VP FIN & ACC 50.00 X 223915 0 75187 WANDA JONES VP COMMERCIA 50.00 X 223905 0 30777 JEFF ALLEN VP OPERATION 40.00 X 208254 0 158137 ANDREA AVERY VP HR 40.00 X 198972 0 247450 DEVIN COSTA VP IT 40.00 X 166319 0 46863 TIMOTHY SPENCER VP ENGINEERI 40.00 X 192478 0 60048 STEVE GOODSON VP ENERGY SV 50.00 X 228986 0 20315 CARRIE PETERS VP ENERGY SO 50.00 X 200183 0 33287 RICKY MAREADY DISTRICT VP 40.00 X 178066 0 33742 ANDY SHEPARD VP TECH STRA 40.00 X 185378 0 47105 BARBARA SILLIMAN-MARSHBURN MEMBER SVCS 40.00 X 165598 0 17558 THOMAS PRITCHARD CUEO FORMER X 592703 0 0 3697627 829402 43 true true false DAVEY TREE EXPERT COMPANY PO BOX 94532 CLEVELAND OH 44101 RIGHT OF WAY 2355222 MERIDIAN COOPERATIVE INC 100 ASHFORD CENTER ATLANTA GA 30338 SOFTWARE 1352400 EGROUP HOLDING COMPANY LLC PO BOX 122210 DALLAS TX 75312 TECHNOLOGY 1107378 RIVER CITY CONSTRUCTION INC PO BOX 1420 WASHINGTON NC 27889 CONTRACT CREWS 1016639 C-PHASE SERVICES PO BOX 3210 KINSTON NC 28502 CONTRACT CREW 790786 29 ELECTRIC SALES 221000 156581904 156581904 CIAC 221000 2170572 2170572 CAPITAL CR. - CASH REC. 221000 583033 583033 OTHER 221000 4309 4309 159339818 190879 190879 316654 316654 316654 316654 94704 110528 -15824 -15824 -15824 BILLING SERVICES 900099 37560 37560 37560 159869087 159339818 37560 491709 X 4416392 2824108 14612284 2959975 224344 1402589 77001 3074061 350519 5894179 13590145 COST OF POWER 102057955 ADMIN & GENERAL 6617923 MAINTENANCE 4477776 CONSUMER ACCOUNTS 1946658 -7900059 156625850 0 0 0 1742761 2027570 1372882 953548 20235737 18766445 852917 1318958 3869637 5213216 2096734 2436289 441463260 143804135 286793431 297659125 2057052 1884336 1071346 438885 43496012 47138717 435753 934763 364024262 378771852 17598005 18200551 145219593 157479707 25070123 20136850 187887721 195817108 X 176136541 182954744 176136541 182954744 364024262 378771852 X 3243237 3574966 X false true X true false 3202407 3202407 8726912 3796564 4930348 23699785 21204051 2495734 405834156 118803520 287030636 297659125 PATRONAGE CAPITAL IN ASSOCIATED ORG 45049666 C CAPITAL TERM CERTIFICATES - CFC 2075926 C MEMBERSHIP FEES 13125 C 47138717 APBO 11143030 DEFERRED CREDITS 3438768 CONSUMER DEPOSITS 2702416 OTHER 1917873 LEASE LIABILITY 934763 20136850 X 161326391 3642704 3642704 157683687 2185400 2185400 159869087 152165512 -29118 -29118 152194630 4431220 4431220 156625850 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 3,642,704 SCHEDULE D, PAGE 4, PART XI, LINE 4B CONTR IN AID OF CONSTRUCTION 2,170,572 OTHER EXPENSES 14,828 SCHEDULE D, PAGE 4, PART XII, LINE 2D BOOK/TAX DIFFERENCE ON OTHER INCOME -29,118 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIV PAID TO MEMBERS' ACCTS 4,416,392 OTHER EXPENSES 14,828 X X X X X false true false JEFFERY T CLARK CEO ADVISOR 410192 1800 57299 21886 19092 510269 MICHELLE HEFNER VP FIN & ACCT 194877 6320 22718 64510 10677 299102 WANDA JONES VP COMMERCIAL OP 195069 6450 22386 14072 16705 254682 JEFF ALLEN VP OPERATIONS 187544 5800 14910 139045 19092 366391 ANDREA AVERY VP HR 179198 6190 13584 236532 10918 446422 DEVIN COSTA VP IT 149084 4825 12410 35945 10918 213182 TIMOTHY SPENCER VP ENGINEERING 161393 10215 20870 49130 10918 252526 STEVE GOODSON VP ENERGY SVCS 196423 6450 26113 9397 10918 249301 CARRIE PETERS VP ENERGY SOLUTIONS 182710 5015 12458 16582 16705 233470 RICKY MAREADY DISTRICT VP 159930 5580 12556 14650 19092 211808 ANDY SHEPARD VP TECH STRATEGY 156818 4085 24475 36881 10224 232483 BARBARA SILLIMAN-MARSHBURN MEMBER SVCS COORD 143249 4905 17444 6881 10677 183156 THOMAS PRITCHARD CUEO FORMER 592703 592703 592703 SCHEDULE J, PAGE 1, PART I, LINE 4 JEFFERY T. CLARK 0 18,000 0 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 CARRIE PETERS 0 6,600 0 RICKY MAREADY 0 6,600 0 ANDY SHEPARD 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 3,642,704 PATRONAGE DIV PAID TO MEMBERS' ACCTS NOT EXP 4,416,392 BOOK/TAX DIFFERENCE ON OTHER INCOME 29,118 CONTRIBUTIONS IN AID OF CONST NOT REV PER GAAP -2,170,572 RETIREMENT OF CAPITAL CREDITS -1,764,257 OTHER COMPREHENSIVE LOSS -578,419 TOTAL 3,574,966