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Nonprofiteer
← OCONEE ELECTRIC MEMBERSHIP CORP

Form 990 for tax year 2023

Filed by OCONEE ELECTRIC MEMBERSHIP CORP.

Totals

Total revenue
$36,779,735
Total expenses
$36,523,958
Contributions and grants received
$0
Grants paid
$5,650
Program service revenue
$36,437,323
Investment income
$25,170
Other revenue
$317,242
Total assets, end of year
$88,625,539
Total liabilities, end of year
$50,055,567
Net assets or fund balances, end of year
$38,569,972
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$36,523,958

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 $35,230,350 · related or exempt $35,230,350

  • 2b · Program service revenue: PATRONAGE DIVIDENDS

    total $1,231,415 · related or exempt $1,231,415

  • 2c · Program service revenue: MISCELLANEOUS

    total -$24,442 · related or exempt -$24,442

  • 3 · Investment income

    total $25,170 · excluded $25,170

  • 6a · Gross rents

    personal property $317,242

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $317,242

  • 6d · Net rental income or loss

    total $317,242 · related or exempt $317,242

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,650

  • 4 · Benefits paid to or for members

    total $4,323,283

  • 5 · Compensation of officers, directors and key employees

    total $541,934

  • 11b · Fees: legal

    total $12,874

  • 11c · Fees: accounting

    total $35,200

  • 12 · Advertising and promotion

    total $34,017

  • 13 · Office expenses

    total $176,724

  • 20 · Interest

    total $1,848,599

  • 22 · Depreciation, depletion and amortization

    total $2,535,956

  • 24a · Other expenses: COST OF POWER

    total $19,879,636

  • 24b · Other expenses: DISTRIBUTION MAINTENANC

    total $3,437,414

  • 24c · Other expenses: DISTRIBUTION OPERATIONS

    total $1,414,625

  • 24d · Other expenses: ADMINISTRATIVE AND GENE

    total $1,085,122

  • 24e · All other expenses

    total $1,192,924

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $964,594 · end of year $914,075

  • 4 · Accounts receivable

    beginning of year $2,179,457 · end of year $2,443,575

  • 8 · Inventories for sale or use

    beginning of year $1,064,905 · end of year $1,117,742

  • 9 · Prepaid expenses and deferred charges

    beginning of year $227,763 · end of year $260,298

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

    $92,898,623

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

    $30,238,570

  • 10c · Land, buildings and equipment, net

    beginning of year $60,652,909 · end of year $62,660,053

  • 13 · Investments: program-related

    beginning of year $17,472,921 · end of year $18,538,427

  • 15 · Other assets

    beginning of year $2,849,614 · end of year $2,691,369

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,227,471 · end of year $7,124,618

  • 23 · Secured mortgages and notes payable

    beginning of year $31,042,431 · end of year $34,085,421

  • 25 · Other liabilities

    beginning of year $9,518,775 · end of year $8,845,528

  • 29 · Capital stock, trust principal or current funds

    beginning of year $68,265 · end of year $68,675

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

    beginning of year $917 · end of year $917

  • 31 · Retained earnings, endowment or other funds

    beginning of year $34,554,304 · end of year $38,500,380

Mission and programs · 2023

Mission

TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS.

  • TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS.

    Expenses $36,523,958

As filed on the 2023 return.

Listed in Part VII

  • Juanita F Austin

    DIRECTOR/ASST SEC/TREAS

    Total calculated
    $9,040
    From this org
    $9,040
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Amy S Orr

    DIRECTOR/CHAIR

    Total calculated
    $8,222
    From this org
    $8,222
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Charles B Grace

    DIRECTOR/VICE CHAIR - DECEASED

    Total calculated
    $3,829
    From this org
    $3,829
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • James H Davis

    DIRECTOR/SECRETARY/TREAS

    Total calculated
    $7,468
    From this org
    $7,468
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • H David Green

    DIRECTOR

    Total calculated
    $7,919
    From this org
    $7,919
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dennis W Holder Sr

    DIRECTOR

    Total calculated
    $7,207
    From this org
    $7,207
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Wendell Knight

    DIRECTOR

    Total calculated
    $7,543
    From this org
    $7,543
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Terri Howard

    PRESIDENT/CEO

    Total calculated
    $266,573
    From this org
    $199,951
    From related orgs
    $0
    Other
    $66,622
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,143
    Bonus
    $0
    Other
    $4,808
    Deferred
    $53,333
    Nontaxable benefits
    $13,289
    Filer's total
    $266,573

  • Autrey Howard

    CHIEF OPERATING OFFICER

    Total calculated
    $224,133
    From this org
    $156,429
    From related orgs
    $0
    Other
    $67,704
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,787
    Bonus
    $0
    Other
    $1,642
    Deferred
    $42,246
    Nontaxable benefits
    $25,458
    Filer's total
    $224,133

  • Robert Harrison

    DIRECTOR PURCHASING SAFETY

    Total calculated
    $154,705
    From this org
    $111,038
    From related orgs
    $0
    Other
    $43,667
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,758
    Bonus
    $0
    Other
    $4,280
    Deferred
    $19,868
    Nontaxable benefits
    $23,799
    Filer's total
    $154,705

  • Jason Whittington

    IT MANAGER

    Total calculated
    $170,661
    From this org
    $118,218
    From related orgs
    $0
    Other
    $52,443
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,390
    Bonus
    $0
    Other
    $828
    Deferred
    $32,968
    Nontaxable benefits
    $19,475
    Filer's total
    $170,661

  • Jason Johnson

    OPERATIONS SUPERINTENDENT

    Total calculated
    $153,164
    From this org
    $111,795
    From related orgs
    $0
    Other
    $41,369
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,919
    Bonus
    $0
    Other
    $876
    Deferred
    $29,868
    Nontaxable benefits
    $11,501
    Filer's total
    $153,164

  • Curtis Justice

    CREW FOREMAN

    Total calculated
    $154,807
    From this org
    $102,827
    From related orgs
    $0
    Other
    $51,980
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $102,401
    Bonus
    $0
    Other
    $426
    Deferred
    $26,881
    Nontaxable benefits
    $25,099
    Filer's total
    $154,807

  • Clark Hicks

    JOURNEYMAN LINEMAN

    Total calculated
    $134,884
    From this org
    $102,132
    From related orgs
    $0
    Other
    $32,752
    Hours/week
    40

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 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.

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
2023
Filed
26 November 2024
IRS schema version
2023v5.1
Source object
202403319349300705

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