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Nonprofiteer
← JACKSON COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2024

Filed by JACKSON COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$80,476,901
Total expenses
$80,476,901
Contributions and grants received
$369,073
Grants paid
$30,400
Program service revenue
$77,781,728
Investment income
$515,196
Other revenue
$1,810,904
Total assets, end of year
$217,295,605
Total liabilities, end of year
$98,803,677
Net assets or fund balances, end of year
$118,491,928
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.

  • 1e · Government grants (contributions)

    $369,073

  • 2a · Program service revenue: ELECTRIC REVENUE

    total $77,732,417 · related or exempt $77,732,417

  • 2b · Program service revenue: RESALE REVENUE

    total $49,311 · unrelated business $49,311

  • 3 · Investment income

    total $515,196 · related or exempt $515,196

  • 6a · Gross rents

    real property $1,500 · personal property $425,615

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $1,500 · personal property $425,615

  • 6d · Net rental income or loss

    total $427,115 · excluded $427,115

  • 10a · Gross sales of inventory

    $43,785

  • 10b · Cost of goods sold

    $33,638

  • 10c · Net income from sales of inventory

    total $10,147 · related or exempt $10,147

  • 11a · Other revenue: PATRONAGE ALLOCATIONS

    total $1,373,642 · related or exempt $1,373,642

  • 11e · Other revenue, total

    $1,373,642

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $30,400

  • 4 · Benefits paid to or for members

    total $8,743,068

  • 5 · Compensation of officers, directors and key employees

    total $587,197

  • 7 · Other salaries and wages

    total $5,808,832

  • 9 · Other employee benefits

    total $264,254

  • 10 · Payroll taxes

    total $415,398

  • 20 · Interest

    total $1,994,209

  • 22 · Depreciation, depletion and amortization

    total $10,212,587

  • 24a · Other expenses: COST OF POWER

    total $43,338,775

  • 24b · Other expenses: DISTRIBUTIONS - MAINT

    total $3,490,885

  • 24c · Other expenses: DISTRIBUTION - OPERATIO

    total $2,563,976

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $1,873,476

  • 24e · All other expenses

    total $1,153,844

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,513,190 · end of year $2,002,753

  • 2 · Savings and temporary cash investments

    beginning of year $3,592,110 · end of year $9,857,512

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $6,979,137 · end of year $6,720,684

  • 8 · Inventories for sale or use

    beginning of year $3,699,847 · end of year $3,593,014

  • 9 · Prepaid expenses and deferred charges

    beginning of year $283,012 · end of year $268,837

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

    $228,749,314

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

    $60,611,179

  • 10c · Land, buildings and equipment, net

    beginning of year $168,992,436 · end of year $168,138,135

  • 13 · Investments: program-related

    beginning of year $25,853,308 · end of year $26,714,670

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,828,661 · end of year $8,948,265

  • 19 · Deferred revenue

    beginning of year $3,628,966 · end of year $5,577,982

  • 23 · Secured mortgages and notes payable

    beginning of year $69,866,898 · end of year $73,565,395

  • 25 · Other liabilities

    beginning of year $9,831,213 · end of year $10,712,035

  • 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 $617,971 · end of year $620,310

  • 31 · Retained earnings, endowment or other funds

    beginning of year $113,139,331 · end of year $117,871,618

Mission and programs · 2024

Mission

THE MISSION OF JACKSON COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION IS TO DELIVER THE ADVANTAGES OF ELECTRICITY AND ESSENTIAL SERVICES TO ITS MEMBERS RELIABLY, ECONOMICALLY, AND RESPONSIBLY.

Activities or mission (Part I)

DISTRIBUTION OF ELECTRICITY, FIBER-OPTIC BROADBAND, AND VOIP TELEPHONE SERVICE ON A COOPERATIVE BASIS.

  • DISTRIBUTION OF ELECTRICITY, FIBER-OPTIC BROADBAND, AND VOIP TELEPHONE SERVICE TO APPROXIMATELY 20,900 MEMBERS ON A COOPERATIVE BASIS.

As filed on the 2024 return.

Listed in Part VII

  • Walter Hunter

    PRESIDENT

    Total calculated
    $21,912
    From this org
    $21,912
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • John Miller

    VICE PRESIDENT

    Total calculated
    $18,412
    From this org
    $18,412
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.7

  • Paul Elliott

    SECRETARY

    Total calculated
    $18,062
    From this org
    $18,062
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.25

  • Ryan Eleenor

    DIRECTOR

    Total calculated
    $9,893
    From this org
    $9,893
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.7

  • John Hackman

    DIRECTOR

    Total calculated
    $18,143
    From this org
    $18,143
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.9

  • David Hall

    DIRECTOR

    Total calculated
    $18,562
    From this org
    $18,562
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.2

  • John Trinkle

    DIRECTOR

    Total calculated
    $18,462
    From this org
    $18,462
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.1

  • Mark Trisler

    DIRECTOR

    Total calculated
    $14,685
    From this org
    $14,685
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Curtis Wischmeier

    DIRECTOR

    Total calculated
    $17,562
    From this org
    $17,562
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5

  • Mark McKinney

    CEO

    Total calculated
    $420,535
    From this org
    $377,481
    From related orgs
    $0
    Other
    $43,054
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $377,481
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $43,054
    Filer's total
    $420,535

  • Brad Pritchett

    VP OF OPERATIONS & ENGINEERING

    Total calculated
    $200,264
    From this org
    $177,738
    From related orgs
    $0
    Other
    $22,526
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,738
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,526
    Filer's total
    $200,264

  • Nancy Stidham

    VP OF COOPERATIVE SERVICES

    Total calculated
    $189,501
    From this org
    $167,284
    From related orgs
    $0
    Other
    $22,217
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $167,284
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,217
    Filer's total
    $189,501

  • Benjamin Conner

    VP OF INFORMATION TECHNOLOGY

    Total calculated
    $176,379
    From this org
    $156,193
    From related orgs
    $0
    Other
    $20,186
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $156,193
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,186
    Filer's total
    $176,379

  • Brian Covert

    LINE SUPERINTENDENT

    Total calculated
    $171,539
    From this org
    $150,470
    From related orgs
    $0
    Other
    $21,069
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $150,470
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,069
    Filer's total
    $171,539

  • Donald Gray

    LINEMAN

    Total calculated
    $148,508
    From this org
    $143,442
    From related orgs
    $0
    Other
    $5,066
    Hours/week
    48

  • Jerry Kelley

    RETIRED DIRECTOR

    Total calculated
    $10,970
    From this org
    $10,970
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.2

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $10,970
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $10,970

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 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 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.

Provenance

Return type
form_990
Tax year
2024
Filed
11 July 2025
IRS schema version
2024v5.2
Source object
202531989349301043

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