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Nonprofit · EIN 56-0283268

JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION

Tax-exempt · JACKSONVILLE, NC 28546

Financials

$159.9M$156.6M2023$170.6M$165.9M2024
Revenue Expenses · by fiscal year end
Financials of JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$170,617,411$165,930,248$4,687,163$394,832,474$208,816,031$186,016,443
December 31, 2023990$159,869,087$156,625,850$3,243,237$378,771,852$195,817,108$182,954,744
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$169,404,098
Investment income
$457,819
Net rental income
$353,794
Net gain from sales of assets
$248,468
Other revenue
$755,494

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$1,512,799
Compensation of officers, directors and key employees
$3,222,561
Other salaries and wages
$15,043,137
Salaries, compensation and benefits (total)
$23,320,679
Professional fundraising fees
$0
Legal fees
$66,773
Travel
$3,197,586
Depreciation
$14,298,825

Balance sheet and other

Total assets, start of year
$378,771,852
Total assets, end of year
$394,832,474
Total liabilities, end of year
$208,816,031
Net assets, end of year
$186,016,443
Land, buildings and equipment
$304,641,376
Publicly traded securities
$1,586,955
Gross unrelated business income
$169,381
Gross receipts
$170,617,411
Employees
194
Year formed
1939
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JEFFERY T CLARKCEO ADVISOR
Officer
50$559,460$4,026
RAY GARYCEO
Officer
50$441,957$118,655
ANDREA AVERYVP HR
Key employee
40$209,776$237,218
JEFF ALLENVP OPERATION
Key employee
40$221,881$146,073
TRAVIS RICHVP OPERATION
Highest-paid employee
50$160,342$127,296
WANDA JONESVP COMMERCIA
Key employee
50$239,053$33,856
TIMOTHY SPENCERVP ENGINEERI
Key employee
40$191,629$65,084
MICHELLE HEFNERVP FIN & ACC
Officer
50$234,184$20,365
STEVE GOODSONVP BUSINESS
Highest-paid employee
50$231,507$21,147
ANDY SHEPARDVP TECH STRA
Highest-paid employee
40$187,252$51,861
DEVIN COSTAVP IT
Key employee
40$177,820$51,684
RICKY MAREADYDISTRICT VP
Highest-paid employee
40$175,287$36,795
BARBARA SILLIMAN-MARSHBURNMEMBER SVCS
Highest-paid employee
40$161,422$18,803
JOHN L PIERCECHAIRMAN
Trustee or director, Officer
4$37,095$0
NELSON EARL BURGESSDIRECTOR
Trustee or director
3$32,195$0
8 more people on this return
NameTitleHours / weekCompensation
BRANDON TODD HOWARDDIRECTOR
Trustee or director
2$31,329
IRIS HORNEDIRECTOR
Trustee or director
3.5$27,746
ROBERT L DAUGHETYDIRECTOR
Trustee or director
3.5$27,517
CECIL S HARGETT JRSECRETARY/TR
Trustee or director, Officer
3$26,907
MICHAEL CHAD MEADOWSDIRECTOR
Trustee or director
3$23,598
DOUGLAS C PARKERDIRECTOR
Trustee or director
2$22,191
DALE POWELLDIRECTOR
Trustee or director
2$20,746
THOMAS D WALLERVICE CHAIRMA
Trustee or director, Officer
2$20,517
990 for the year ended December 31, 2023: 25 people
NameTitleHours / weekCompensationOther / benefits
THOMAS PRITCHARDCUEO FORMER
Former
–$592,703$0
JEFFERY T CLARKCEO ADVISOR
Officer
50$469,291$40,978
ANDREA AVERYVP HR
Key employee
40$198,972$247,450
JEFF ALLENVP OPERATION
Key employee
40$208,254$158,137
MICHELLE HEFNERVP FIN & ACC
Officer
50$223,915$75,187
WANDA JONESVP COMMERCIA
Key employee
50$223,905$30,777
TIMOTHY SPENCERVP ENGINEERI
Key employee
40$192,478$60,048
STEVE GOODSONVP ENERGY SV
Highest-paid employee
50$228,986$20,315
CARRIE PETERSVP ENERGY SO
Highest-paid employee
50$200,183$33,287
ANDY SHEPARDVP TECH STRA
Highest-paid employee
40$185,378$47,105
DEVIN COSTAVP IT
Key employee
40$166,319$46,863
RICKY MAREADYDISTRICT VP
Highest-paid employee
40$178,066$33,742
BARBARA SILLIMAN-MARSHBURNMEMBER SVCS
Highest-paid employee
40$165,598$17,558
JEFFREY HUDSONCOO
Officer
50$129,178$14,846
RAY GARYCEO
Officer
50$76,443$3,109
JOHN L PIERCECHAIRMAN
Trustee or director, Officer
4.5$39,098$0
NELSON EARL BURGESSDIRECTOR
Trustee or director
3$31,048$0
BRANDON TODD HOWARDDIRECTOR
Trustee or director
2.5$30,635$0
IRIS HORNEDIRECTOR
Trustee or director
3.5$27,315$0
ROBERT L DAUGHETYDIRECTOR
Trustee or director
3$23,620$0
THOMAS D WALLERVICE CHAIRMA
Trustee or director, Officer
2.5$22,220$0
MICHAEL CHAD MEADOWSDIRECTOR
Trustee or director
2.5$21,767$0
DALE POWELLDIRECTOR
Trustee or director
2.5$21,015$0
CECIL S HARGETT JRSECRETARY/TR
Trustee or director, Officer
2.5$20,878$0
DOUGLAS C PARKERDIRECTOR
Trustee or director
2$20,362$0

Address and contacts

Address (IRS master file)
259 WESTERN BLVD, JACKSONVILLE, NC 28546-5736
Principal officer (990 for 2024)
MICHAEL BROOKS, 259 WESTERN BOULEVARD, JACKSONVILLE, NC 28546
Signed the 990
MICHAEL BROOKS, VP FIN & ACCT
Phone
(910) 353-1940
Return prepared by
ADAMS JENKINS & CHEATHAM

Mission

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF JOEMC.

990 for the year ended December 31, 2024

Program accomplishments

  • 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

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-0283268
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1966
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$394,832,474
Income (IRS master file)
$170,617,411

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$170,617,411$165,930,248$394,832,474IRS
990December 2023$159,869,087$156,625,850$378,771,852XML
990December 2022$152,637,282$149,511,415$364,024,262IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0283268).

Questions about JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION

What is the EIN of JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION?
The employer identification number (EIN) of JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION is 56-0283268.
Is JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1966.
Are donations to JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION?
The 990 for the year ended December 31, 2024 names MICHAEL BROOKS.
Who are the officers and directors of JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION?
The 990 for the year ended December 31, 2024 lists 23 people; 23 received compensation from the organization, the highest $559,460 (JEFFERY T CLARK, CEO ADVISOR).
How much revenue does JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $170,617,411, expenses of $165,930,248 and total assets of $394,832,474 at year end.

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