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Nonprofiteer
← OKEFENOKE RURAL ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2025

Filed by OKEFENOKE RURAL ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$117,412,451
Total expenses
$117,412,451
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$117,252,951
Investment income
$77,104
Other revenue
$82,396
Total assets, end of year
$235,030,831
Total liabilities, end of year
$149,079,904
Net assets or fund balances, end of year
$85,950,927
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$117,412,451

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 $115,214,623 · related or exempt $115,214,623

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

    total $1,531,018 · related or exempt $1,531,018

  • 2c · Program service revenue: OTHER CAPITAL CREDITS

    total $507,310 · related or exempt $507,310

  • 3 · Investment income

    total $77,104 · excluded $77,104

  • 11a · Other revenue: GAIN ON DISPOSITION OF PROPER

    total $82,396 · related or exempt $82,396

  • 11e · Other revenue, total

    $82,396

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $7,656,199

  • 5 · Compensation of officers, directors and key employees

    total $618,292

  • 20 · Interest

    total $5,896,776

  • 22 · Depreciation, depletion and amortization

    total $7,265,056

  • 24a · Other expenses: PURCHASED POWER

    total $72,371,214

  • 24b · Other expenses: DISTRIBUTION MAINTENANCE

    total $10,152,443

  • 24c · Other expenses: DISTRIBUTION OPERATIONS

    total $5,603,670

  • 24d · Other expenses: ADMIN. & GENERAL EXP.

    total $4,581,031

  • 24e · All other expenses

    total $3,267,770

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,285,125 · end of year $1,347,533

  • 4 · Accounts receivable

    beginning of year $7,678,748 · end of year $10,738,932

  • 8 · Inventories for sale or use

    beginning of year $5,294,955 · end of year $4,629,695

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,276,858 · end of year $3,597,086

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

    $265,978,753

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

    $84,905,581

  • 10c · Land, buildings and equipment, net

    beginning of year $172,138,310 · end of year $181,073,172

  • 13 · Investments: program-related

    beginning of year $30,315,665 · end of year $31,869,213

  • 15 · Other assets

    beginning of year $3,860,918 · end of year $1,775,200

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,449,746 · end of year $13,857,308

  • 23 · Secured mortgages and notes payable

    beginning of year $129,986,280 · end of year $131,649,170

  • 25 · Other liabilities

    beginning of year $5,316,292 · end of year $3,573,426

  • 29 · Capital stock, trust principal or current funds

    beginning of year $417,268 · end of year $452,978

  • 31 · Retained earnings, endowment or other funds

    beginning of year $77,680,993 · end of year $85,497,949

Mission and programs · 2025

Mission

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.

  • N/A

    Expenses $117,412,451

As filed on the 2025 return.

Listed in Part VII

  • Robert W Combs

    PRESIDENT

    Total calculated
    $4,039
    From this org
    $4,039
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Steve E Rawl Sr

    1ST VP

    Total calculated
    $1,861
    From this org
    $1,861
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Jimmy Woodard

    2ND VP

    Total calculated
    $16,443
    From this org
    $16,443
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Cristi B Koncz

    SECRETARY-TR

    Total calculated
    $16,443
    From this org
    $16,443
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Clyde Mizell

    DIRECTOR

    Total calculated
    $22,778
    From this org
    $22,778
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • James Giddens

    DIRECTOR

    Total calculated
    $28,103
    From this org
    $28,103
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Terrell Brazell

    DIRECTOR

    Total calculated
    $29,691
    From this org
    $29,691
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Craig Morgan

    DIRECTOR

    Total calculated
    $26,686
    From this org
    $26,686
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Joe Loomis

    DIRECTOR

    Total calculated
    $26,135
    From this org
    $26,135
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • John Middleton

    GENERAL MANA

    Total calculated
    $446,113
    From this org
    $343,578
    From related orgs
    $0
    Other
    $102,535
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $320,563
    Bonus
    $450
    Other
    $22,565
    Deferred
    $85,297
    Nontaxable benefits
    $17,238
    Filer's total
    $446,113

  • Travis Page

    MGR OF DIST

    Total calculated
    $252,539
    From this org
    $180,574
    From related orgs
    $0
    Other
    $71,965
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $165,610
    Bonus
    $450
    Other
    $14,514
    Deferred
    $44,675
    Nontaxable benefits
    $27,290
    Filer's total
    $252,539

  • Tony Rowell

    MGR OF INFO

    Total calculated
    $235,136
    From this org
    $182,216
    From related orgs
    $0
    Other
    $52,920
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $164,819
    Bonus
    $450
    Other
    $16,947
    Deferred
    $26,340
    Nontaxable benefits
    $26,580
    Filer's total
    $235,136

  • Buddy Hall

    GENERAL FORE

    Total calculated
    $236,573
    From this org
    $182,765
    From related orgs
    $0
    Other
    $53,808
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $177,267
    Bonus
    $450
    Other
    $5,048
    Deferred
    $31,447
    Nontaxable benefits
    $22,361
    Filer's total
    $236,573

  • David Smith

    HR DIRECTOR

    Total calculated
    $236,544
    From this org
    $171,104
    From related orgs
    $0
    Other
    $65,440
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $161,863
    Bonus
    $450
    Other
    $8,791
    Deferred
    $42,819
    Nontaxable benefits
    $22,621
    Filer's total
    $236,544

  • Darren Crews

    MGR OF ENGIN

    Total calculated
    $244,466
    From this org
    $178,593
    From related orgs
    $0
    Other
    $65,873
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $168,156
    Bonus
    $450
    Other
    $9,987
    Deferred
    $44,675
    Nontaxable benefits
    $21,198
    Filer's total
    $244,466

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 · 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

The filer's explanations (Part III)

SCHEDULE J, PART III
THE COOPERATIVE HAS ESTABLISHED A DEFERRED COMPENSATION PLAN ON BEHALF OF QUALIFIED INDIVIDUALS WHO HAVE ELECTED TO DEFER CERTAIN AMOUNTS OF COMPENSATION. THE ANNUAL DEFERRAL OF THE COMPENSATION PLAN IS CALCULATED IN ACCORDANCE WITH INTERNAL REVENUE CODE (IRC) SECTION 457, SUBJECT TO CHANGES UNDER IRC SECTION 457(B). 2025 DEFERRED COMPENSATION FOR ROBERT W. COMBS AND STEVE E. RAWL, SR. WILL BE REPORTED IN IRS FORM 990 FILINGS IN THE YEAR NONQUALIFIED PAYMENTS OCCUR AND ARE TAXABLE COMPENSATION IN ACCORDANCE WITH APPLICABLE DISCLOSURE REQUIREMENTS.

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
28 August 2026
IRS schema version
2025v4.0
Source object
202602409349301650

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