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← JACKSON COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2022

Filed by JACKSON COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$71,731,324
Total expenses
$71,731,324
Contributions and grants received
$341,935
Grants paid
$51,423
Program service revenue
$69,382,476
Investment income
$94,547
Other revenue
$1,912,366
Total assets, end of year
$205,236,060
Total liabilities, end of year
$101,713,056
Net assets or fund balances, end of year
$103,523,004
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.

  • 1e · Government grants (contributions)

    $341,935

  • 2a · Program service revenue: Utility Sales

    total $69,382,476 · related or exempt $69,382,476

  • 3 · Investment income

    total $94,547 · related or exempt $94,547

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

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $1,500 · personal property $512,716

  • 6c · Rental income or loss

    real property $1,500 · personal property $512,716

  • 6d · Net rental income or loss

    total $514,216 · related or exempt $514,216

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Patronage Capital

    total $1,398,150 · related or exempt $1,398,150

  • 11e · Other revenue, total

    $1,398,150

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,493

  • 2 · Grants to domestic individuals

    total $31,930

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $2,693,150

  • 5 · Compensation of officers, directors and key employees

    total $558,251

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $4,303,996

  • 8 · Pension plan contributions

    total $858,706

  • 9 · Other employee benefits

    total $1,470,603

  • 10 · Payroll taxes

    total $400,924

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 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 $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $1,911,685

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $8,583,441

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Cost of Purchased Power

    total $41,948,117

  • 24b · Other expenses: Distribution Expenses

    total $5,314,162

  • 24c · Other expenses: Cust Serv, Admin, Gnl

    total $2,691,264

  • 24d · Other expenses: Taxes IN Prop,UR Tax

    total $940,134

  • 24e · All other expenses

    total $5,468

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,326,614 · end of year $2,474,749

  • 2 · Savings and temporary cash investments

    beginning of year $3,406,873 · end of year $802,080

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $5,587,804 · end of year $7,099,042

  • 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

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $3,421,743 · end of year $3,637,617

  • 9 · Prepaid expenses and deferred charges

    beginning of year $90,900 · end of year $213,496

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

    $214,223,170

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

    $47,992,096

  • 10c · Land, buildings and equipment, net

    beginning of year $151,901,143 · end of year $166,231,074

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $24,360,991 · end of year $24,778,002

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,108,290 · end of year $14,750,093

  • 19 · Deferred revenue

    beginning of year $1,842,549 · end of year $2,540,197

  • 23 · Secured mortgages and notes payable

    beginning of year $61,968,254 · end of year $73,301,690

  • 25 · Other liabilities

    beginning of year $9,511,624 · end of year $11,121,076

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

    beginning of year $608,644 · end of year $612,845

  • 31 · Retained earnings, endowment or other funds

    beginning of year $103,056,707 · end of year $102,910,159

Mission and programs · 2022

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 electric service to approximately 20,700 members on a cooperative basis, and offering high speed fiber-optic broadband and VoIP telephone service to its members on a cooperative basis.

As filed on the 2022 return.

Listed in Part VII

  • Mark McKinney

    President & CEO

    Total calculated
    $387,343
    From this org
    $349,450
    From related orgs
    $0
    Other
    $37,893
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $349,450
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $37,893
    Filer's total
    $387,343

  • Brad Pritchett

    VP of Ops & Eng

    Total calculated
    $185,611
    From this org
    $169,837
    From related orgs
    $0
    Other
    $15,774
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,837
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $15,774
    Filer's total
    $185,611

  • Nancy Stidham

    VP of Coop Serv

    Total calculated
    $177,505
    From this org
    $144,658
    From related orgs
    $0
    Other
    $32,847
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $144,658
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $32,847
    Filer's total
    $177,505

  • Benjamin Conner

    VP Info Technology

    Total calculated
    $153,942
    From this org
    $138,424
    From related orgs
    $0
    Other
    $15,518
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $138,424
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $15,518
    Filer's total
    $153,942

  • Jarren Brown

    Lineman

    Total calculated
    $151,727
    From this org
    $134,234
    From related orgs
    $0
    Other
    $17,493
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $134,234
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $17,493
    Filer's total
    $151,727

  • Donald Gray

    Lineman

    Total calculated
    $137,521
    From this org
    $133,737
    From related orgs
    $0
    Other
    $3,784
    Hours/week
    47

  • Walter Hunter

    Vice President

    Total calculated
    $21,662
    From this org
    $21,662
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.1

  • Jerry Kelley

    Secretary

    Total calculated
    $19,562
    From this org
    $19,562
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • David Hall

    Director

    Total calculated
    $19,262
    From this org
    $19,262
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • John Trinkle

    President

    Total calculated
    $18,862
    From this org
    $18,862
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.8

  • Paul Elliot

    Director

    Total calculated
    $18,812
    From this org
    $18,812
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.9

  • Curtis Wischmeier

    Director

    Total calculated
    $18,562
    From this org
    $18,562
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.3

  • John Miller

    Director

    Total calculated
    $18,162
    From this org
    $18,162
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.3

  • John Hackman

    Director

    Total calculated
    $18,062
    From this org
    $18,062
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.4

  • Mark Trisler

    Director

    Total calculated
    $17,962
    From this org
    $17,962
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

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
2022
Filed
10 May 2023
IRS schema version
2022v5.0
Source object
202311309349303471

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