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Nonprofiteer
← PLANTERS ELECTRIC MEMBERSHIP CORP

Form 990 for tax year 2025

Filed by PLANTERS ELECTRIC MEMBERSHIP CORP.

Totals

Total revenue
$45,637,023
Total expenses
$45,637,023
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$44,500,420
Investment income
$1,136,603
Other revenue
$0
Total assets, end of year
$126,485,415
Total liabilities, end of year
$66,162,801
Net assets or fund balances, end of year
$60,322,614
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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 REVENUE

    total $42,670,494 · related or exempt $42,670,494

  • 2b · Program service revenue: G & T CAPITAL CREDITS

    total $822,016 · related or exempt $822,016

  • 2c · Program service revenue: POLE RENTAL

    total $572,622 · excluded $572,622

  • 2d · Program service revenue: OTHER CAPITAL CREDITS

    total $435,288 · related or exempt $435,288

  • 3 · Investment income

    total $1,136,603 · excluded $1,136,603

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $5,288,339

  • 5 · Compensation of officers, directors and key employees

    total $1,285,904

  • 13 · Office expenses

    total $91,477

  • 20 · Interest

    total $1,388,236

  • 22 · Depreciation, depletion and amortization

    total $3,258,859

  • 24a · Other expenses: PURCHASED POWER

    total $23,878,079

  • 24b · Other expenses: DISTRIBUTION MAINTENANCE

    total $4,356,333

  • 24c · Other expenses: DISTRIBUTION OPERATIONS

    total $2,262,158

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $1,706,123

  • 24e · All other expenses

    total $2,121,515

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,573,256 · end of year $1,070,343

  • 2 · Savings and temporary cash investments

    beginning of year $17,758,104 · end of year $17,672,577

  • 4 · Accounts receivable

    beginning of year $3,967,277 · end of year $4,536,421

  • 8 · Inventories for sale or use

    beginning of year $1,268,027 · end of year $1,202,887

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,356,072 · end of year $3,700,768

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

    $108,789,914

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

    $32,660,806

  • 10c · Land, buildings and equipment, net

    beginning of year $74,210,683 · end of year $76,129,108

  • 13 · Investments: program-related

    beginning of year $19,597,650 · end of year $21,255,133

  • 15 · Other assets

    beginning of year $9,983,346 · end of year $918,178

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,644,920 · end of year $4,324,389

  • 23 · Secured mortgages and notes payable

    beginning of year $47,176,266 · end of year $45,918,748

  • 25 · Other liabilities

    beginning of year $15,034,258 · end of year $15,919,664

  • 29 · Capital stock, trust principal or current funds

    beginning of year $128,605 · end of year $129,492

  • 31 · Retained earnings, endowment or other funds

    beginning of year $57,730,366 · end of year $60,193,122

Mission and programs · 2025

Mission

PROVIDE THE BEST POSSIBLE ELETRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SERVICE AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

Activities or mission (Part I)

PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SERVICE AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

  • TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

As filed on the 2025 return.

Listed in Part VII

  • AINSWORTH ZEAGLER

    CHAIRMAN

    Total calculated
    $21,281
    From this org
    $21,281
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • HORACE WEATHERSBY III

    VICE CHAIRMA

    Total calculated
    $20,691
    From this org
    $20,691
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • STANTON R HILLIS

    SEC.-TREAS.

    Total calculated
    $24,369
    From this org
    $24,369
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • JONATHAN CROCKETT

    DIRECTOR

    Total calculated
    $19,314
    From this org
    $19,314
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • TODD BAZEMORE

    DIRECTOR

    Total calculated
    $20,800
    From this org
    $20,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • DON I BURKE

    DIRECTOR

    Total calculated
    $21,009
    From this org
    $21,009
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • MARY ROBBINS

    DIRECTOR

    Total calculated
    $19,600
    From this org
    $19,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • G DEAN JOHNSON

    DIRECTOR

    Total calculated
    $18,400
    From this org
    $18,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • RAYBURN G JOHNSON

    DIRECTOR

    Total calculated
    $19,600
    From this org
    $19,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • NORMAN WILLIAMS

    GENERAL MANA

    Total calculated
    $362,386
    From this org
    $269,554
    From related orgs
    $0
    Other
    $92,832
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $240,996
    Bonus
    $13,000
    Other
    $15,558
    Deferred
    $70,701
    Nontaxable benefits
    $22,131
    Filer's total
    $362,386

  • EDWARD M BRINSON

    POWER SUPPLY

    Total calculated
    $738,454
    From this org
    $636,071
    From related orgs
    $0
    Other
    $102,383
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $296,660
    Bonus
    $324,781
    Other
    $14,630
    Deferred
    $87,186
    Nontaxable benefits
    $15,197
    Filer's total
    $738,454

  • WILLIAM J MCBRIDE

    INFO. SYSTEM

    Total calculated
    $311,839
    From this org
    $231,226
    From related orgs
    $0
    Other
    $80,613
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $206,018
    Bonus
    $4,000
    Other
    $21,208
    Deferred
    $64,968
    Nontaxable benefits
    $15,645
    Filer's total
    $311,839

  • BRIAN FIELDS

    LINE CREW FO

    Total calculated
    $251,823
    From this org
    $193,750
    From related orgs
    $0
    Other
    $58,073
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $192,316
    Bonus
    $1,000
    Other
    $434
    Deferred
    $41,228
    Nontaxable benefits
    $16,845
    Filer's total
    $251,823

  • WILLIAM WILSON

    LINE SUPERIN

    Total calculated
    $251,536
    From this org
    $191,477
    From related orgs
    $0
    Other
    $60,059
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $178,712
    Bonus
    $1,000
    Other
    $11,765
    Deferred
    $45,865
    Nontaxable benefits
    $14,194
    Filer's total
    $251,536

  • PAULINE ADAMS

    MGR. OF ADMI

    Total calculated
    $262,402
    From this org
    $193,140
    From related orgs
    $0
    Other
    $69,262
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $169,322
    Bonus
    $1,500
    Other
    $22,318
    Deferred
    $53,691
    Nontaxable benefits
    $15,571
    Filer's total
    $262,402

  • RANDAL HILL

    MGR. OF MEMB

    Total calculated
    $255,052
    From this org
    $187,834
    From related orgs
    $0
    Other
    $67,218
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $169,931
    Bonus
    $4,000
    Other
    $13,903
    Deferred
    $53,691
    Nontaxable benefits
    $13,527
    Filer's total
    $255,052

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
EDWARD M. BRINSON 0 365,656 0
SCHEDULE J, PART III
THE NQDC PLAN IS COMPRISED OF EMPLOYEE DEFERRALS UNDER IRC SECTION 457(B) AND EMPLOYER CONTRIBUTIONS UNDER IRC 457(F). THE CORPORATION'S 457 (F)EMPLOYER CONTRIBUTIONS ARE INCLUDED IN COLUMN C, "RETIREMENT AND OTHER DEFERRED COMPENSATION" ON FORM 990, SCHEDULE J IN THE YEAR EARNED. 457(F) DEFERRALS ARE NOT TAXABLE TO THE PARTICIPANT UNTIL DISTRIBUTION OR SUBSTANTIAL RISK OF FORTEITURE CEASES TO EXIST. COMPOSITION OF EDWARD M. BRINSON'S NONQUALIFIED COMPENSATION REPORTED ON THE FORM 990: CURRENT YEAR 457(F) EARNED (NOT INCLUDED IN W-2) - 47,985 CURRENT YEAR DISTRIBUTIONS (INCLUDED IN W-2) - 317,781

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
25 February 2026
IRS schema version
2025v4.0
Source object
202640589349300524

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