Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Sale and dist. of elect.

  total $140,072,042 · related or exempt $140,072,042

• 3 · Investment income

  total $336,317 · excluded $336,317

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6a · Gross rents

  real property $671,135 · personal property $2,156,268

• 6b · Less rental expenses

  real property $671,135 · personal property $242,233

• 6c · Rental income or loss

  personal property $1,914,035

• 6d · Net rental income or loss

  total $1,914,035 · related or exempt $425,975 · unrelated business $24,868 · excluded $1,463,192

• 7b · Less cost or other basis and sales expenses

  other assets $336,109

• 7c · Gain or loss

  other assets -$336,109

• 7d · Net gain or loss

  total -$336,109 · excluded -$336,109

• 8c · Net income from fundraising events

  total $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $260,979

• 10b · Cost of goods sold

  $259,172

• 10c · Net income from sales of inventory

  total $1,807 · unrelated business $1,807

• 11a · Other revenue: Cont. in aid of const.

  total $2,096,307 · related or exempt $2,096,307

• 11b · Other revenue: income from equity invest

  total $2,432,838 · related or exempt $2,432,838

• 11c · Other revenue: Patronage allocations rec

  total $976,692 · related or exempt $976,692

• 11d · All other revenue

  total $32,473 · related or exempt $27,473 · unrelated business $5,000

• 11e · Other revenue, total

  $5,538,310

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $29,321

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $12,845,476

• 5 · Compensation of officers, directors and key employees

  total $3,565,095

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $18,045,188

• 8 · Pension plan contributions

  total $3,655,005

• 9 · Other employee benefits

  total $396,372

• 10 · Payroll taxes

  total $1,639,045

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $529,203

• 11c · Fees: accounting

  total $0

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $0

• 12 · Advertising and promotion

  total $0

• 13 · Office expenses

  total $0

• 14 · Information technology

  total $0

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $0

• 17 · Travel

  total $3,414,133

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $360,768

• 20 · Interest

  total $7,951,364

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $19,090,912

• 23 · Insurance

  total $0

• 24a · Other expenses: Cost of power

  total $68,455,459

• 24b · Other expenses: Distribution Maintenance

  total $8,536,896

• 24c · Other expenses: General and Admin

  total $3,568,785

• 24d · Other expenses: Sales

  total $2,220,957

• 24e · All other expenses

  total -$8,414,959

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,872,742 · end of year $6,340,399

• 2 · Savings and temporary cash investments

  beginning of year $13,881,763 · end of year $6,982,509

• 3 · Pledges and grants receivable

  end of year $0

• 4 · Accounts receivable

  beginning of year $21,641,483 · end of year $27,241,635

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  beginning of year $5,067,288 · end of year $7,427,875

• 8 · Inventories for sale or use

  beginning of year $5,191,823 · end of year $6,067,170

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,172,320 · end of year $2,400,575

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

  $600,747,741

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

  $207,837,358

• 10c · Land, buildings and equipment, net

  beginning of year $379,750,179 · end of year $392,910,383

• 11 · Investments: publicly traded securities

  end of year $0

• 12 · Investments: other securities

  beginning of year $22,329,945 · end of year $24,762,783

• 13 · Investments: program-related

  beginning of year $14,800,936 · end of year $36,259,861

• 14 · Intangible assets

  end of year $0

• 15 · Other assets

  beginning of year $31,911 · end of year $31,911

• 17 · Accounts payable and accrued expenses

  beginning of year $18,713,658 · end of year $25,842,689

• 23 · Secured mortgages and notes payable

  beginning of year $235,610,445 · end of year $258,972,513

• 25 · Other liabilities

  beginning of year $31,392,240 · end of year $29,136,212

• 31 · Retained earnings, endowment or other funds

  beginning of year $188,024,047 · end of year $196,473,687

The filer's explanations (Part III)

Part III, Additional Information

Schedule J Part II B (Columns i-iii) Represent information for calculating W2 Box 5 Earnings. Columns C and D represent non cash earnings related to corporation provided benefits. Column E is a total of all columns and represents total rewards provided to employees.Schedule J Part II Breakdown of W-2 Compensation Column iii Other Reportable Compensation:The negative amounts in this column are included as part of total compensation in column B(i) and B(ii) and represent pre-tax deductions (Section 125) to arrive at W-2 Box 5 wages.Schedule J Part II Base Compensation, Bonus and incentive compensation from related organizations are not included in the members' electric rates. The following amounts were included in base and bonus compensation from related organizations as part of Schedule J:The following amounts included in reportable compensation in Part VII Section A and Schedule J Part II B were allocated to Blue Ridge Energies, LLC:Julie O'Dell $25,560 Katie Woodle $27,970Amy Crowder $11,938 Tanner Greer $15,559 The following amounts included in reportable compensation in Part VII Section A and Schedule J Part II B(i) were allocated to RidgeLink LLC:Douglas W. Johnson $44,910 Brad Shields $116,800Katie Woodle $27,970Julie O'Dell $12,780

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Ridgelink LLC

  C corp · Telecommunication Services · NC · 100% owned · share of income $392,236 · share of assets $15,877,990 · controlled entity

  Directly controlled by Blue Ridge EMC

• Blue Ridge Energies LLC

  C corp · Fuel Propane / Dist. Retail · NC · 100% owned · share of income $2,040,602 · share of assets $30,780,034 · controlled entity

  Directly controlled by Blue Ridge EMC