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← BLUE RIDGE MOUNTAIN ELECTRIC MEMBERSHIP CORP 101-10 IRC

Form 990 for tax year 2022

Filed by BLUE RIDGE MOUNTAIN ELECTRIC MEMBERSHIP CORP 101-10 IRC.

Totals

Total revenue
$118,245,767
Total expenses
$118,245,767
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$116,542,791
Investment income
$415,587
Other revenue
$1,287,389
Total assets, end of year
$247,009,813
Total liabilities, end of year
$131,487,610
Net assets or fund balances, end of year
$115,522,203
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Electric Sales

    total $105,061,398 · related or exempt $105,061,398

  • 2b · Program service revenue: Internet

    total $11,481,393 · related or exempt $11,481,393

  • 3 · Investment income

    total $415,587 · excluded $415,587

  • 6a · Gross rents

    real property $991,007

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $991,007

  • 6d · Net rental income or loss

    total $991,007 · excluded $991,007

  • 11a · Other revenue: Other Revenue

    total $296,382 · excluded $296,382

  • 11e · Other revenue, total

    $296,382

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $6,565,377

  • 5 · Compensation of officers, directors and key employees

    total $515,219

  • 20 · Interest

    total $3,614,373

  • 22 · Depreciation, depletion and amortization

    total $10,269,605

  • 24a · Other expenses: Cost of Power

    total $70,133,732

  • 24b · Other expenses: Distribution - Maintena

    total $10,862,848

  • 24c · Other expenses: Internet and Nonutility

    total $5,702,009

  • 24d · Other expenses: Distribution - Operatio

    total $3,856,084

  • 24e · All other expenses

    total $6,726,520

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $22,894,019 · end of year $7,645,618

  • 4 · Accounts receivable

    beginning of year $12,544,630 · end of year $10,858,294

  • 7 · Other notes and loans receivable

    beginning of year $2,181,698 · end of year $2,135,612

  • 8 · Inventories for sale or use

    beginning of year $5,655,770 · end of year $8,559,226

  • 9 · Prepaid expenses and deferred charges

    beginning of year $169,187 · end of year $138,718

  • 10a · Land, buildings and equipment: cost or other basis

    $329,561,340

  • 10b · Land, buildings and equipment: accumulated depreciation

    $117,775,193

  • 10c · Land, buildings and equipment, net

    beginning of year $196,928,571 · end of year $211,786,147

  • 13 · Investments: program-related

    beginning of year $3,255,634 · end of year $3,444,001

  • 15 · Other assets

    beginning of year $1,923,751 · end of year $2,442,197

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,989,903 · end of year $14,362,665

  • 19 · Deferred revenue

    beginning of year $22,857 · end of year $15,065

  • 23 · Secured mortgages and notes payable

    beginning of year $111,211,289 · end of year $105,959,732

  • 25 · Other liabilities

    beginning of year $8,615,413 · end of year $11,150,148

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $109,713,798 · end of year $115,522,203

Mission and programs · 2022

Mission

To improve the quality of life in the communities we serve by safely, reliably, and cost-effectively distributing electric and broadband services to our members.

Activities or mission (Part I)

To cost-effectively distribute electric and broadband services to our members.

  • Blue Ridge Mountain Electric Membership Corporation is a member-owned electric cooperative providing over 60,000 services to its members in three counties in North Georgia and two counties in North Carolina. These services include electricity, broadband, voice, and video.

As filed on the 2022 return.

Listed in Part VII

  • Arvil Ray Cook Jr

    Director

    Total calculated
    $4,450
    From this org
    $4,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Roy Perren

    President/Director

    Total calculated
    $6,250
    From this org
    $6,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Cory Payne

    Treasurer/Director

    Total calculated
    $5,350
    From this org
    $5,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Danny J Henson

    Director

    Total calculated
    $6,250
    From this org
    $6,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Gene Mason

    Director

    Total calculated
    $6,250
    From this org
    $6,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Julius Bert Rogers

    Vice President/Director

    Total calculated
    $6,250
    From this org
    $6,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Jeffrey L Ledford

    Director

    Total calculated
    $6,250
    From this org
    $6,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Jack Lance Jr

    Secretary/Director

    Total calculated
    $5,800
    From this org
    $5,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Gayland Trull

    Director

    Total calculated
    $4,650
    From this org
    $4,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Loyd Allan Glidewell

    General Manager

    Total calculated
    $301,869
    From this org
    $258,524
    From related orgs
    $0
    Other
    $43,345
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,189
    Bonus
    $24,335
    Other
    $0
    Deferred
    $23,654
    Nontaxable benefits
    $19,691
    Filer's total
    $301,869

  • Amanda R Holdaway

    Director of Finance and Ac

    Total calculated
    $161,850
    From this org
    $128,880
    From related orgs
    $0
    Other
    $32,970
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,880
    Bonus
    $0
    Other
    $0
    Deferred
    $13,251
    Nontaxable benefits
    $19,719
    Filer's total
    $161,850

  • Erik C Brinke

    Director of Admin Services

    Total calculated
    $171,706
    From this org
    $132,474
    From related orgs
    $0
    Other
    $39,232
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,474
    Bonus
    $0
    Other
    $0
    Deferred
    $13,587
    Nontaxable benefits
    $25,645
    Filer's total
    $171,706

  • Daniel Frizzell

    Director of Engineering

    Total calculated
    $167,913
    From this org
    $128,708
    From related orgs
    $0
    Other
    $39,205
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,708
    Bonus
    $0
    Other
    $0
    Deferred
    $13,340
    Nontaxable benefits
    $25,865
    Filer's total
    $167,913

  • James Lunsford

    Director of Operations

    Total calculated
    $160,137
    From this org
    $124,759
    From related orgs
    $0
    Other
    $35,378
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,759
    Bonus
    $0
    Other
    $0
    Deferred
    $12,914
    Nontaxable benefits
    $22,464
    Filer's total
    $160,137

  • David Ellis

    Asst. Director of Operations

    Total calculated
    $168,298
    From this org
    $132,802
    From related orgs
    $0
    Other
    $35,496
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,802
    Bonus
    $0
    Other
    $0
    Deferred
    $9,772
    Nontaxable benefits
    $25,724
    Filer's total
    $168,298

  • Ryan Garrett

    Line Foreman

    Total calculated
    $153,762
    From this org
    $119,844
    From related orgs
    $0
    Other
    $33,918
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,844
    Bonus
    $0
    Other
    $0
    Deferred
    $8,188
    Nontaxable benefits
    $25,730
    Filer's total
    $153,762

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • EMC Broadband LLC

    Providing broadband internet access services · GA · income $11,481,393 · assets $15,783,336

    Directly controlled by Blue Ridge Mountain Electric Membership Corporation

Provenance

Return type
form_990
Tax year
2022
Filed
15 December 2023
IRS schema version
2022v5.0
Source object
202440169349300824

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