Skip to content
Nonprofiteer
← OCONEE ELECTRIC MEMBERSHIP CORP

Form 990 for tax year 2022

Filed by OCONEE ELECTRIC MEMBERSHIP CORP.

Totals

Total revenue
$34,153,511
Total expenses
$34,409,288
Contributions and grants received
$0
Grants paid
$4,551
Program service revenue
$33,751,275
Investment income
$24,071
Other revenue
$378,165
Total assets, end of year
$85,412,163
Total liabilities, end of year
$50,788,677
Net assets or fund balances, end of year
$34,623,486
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$34,409,288

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 $32,907,123 · related or exempt $32,907,123

  • 2b · Program service revenue: PATRONAGE DIVIDENDS

    total $901,261 · related or exempt $901,261

  • 2c · Program service revenue: MISCELLANEOUS

    total -$57,109 · related or exempt -$57,109

  • 3 · Investment income

    total $24,071 · excluded $24,071

  • 6a · Gross rents

    personal property $378,165

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $378,165

  • 6d · Net rental income or loss

    total $378,165 · related or exempt $378,165

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,551

  • 5 · Compensation of officers, directors and key employees

    total $311,796

  • 11b · Fees: legal

    total $21,601

  • 11c · Fees: accounting

    total $35,783

  • 12 · Advertising and promotion

    total $34,137

  • 13 · Office expenses

    total $164,871

  • 20 · Interest

    total $1,482,162

  • 22 · Depreciation, depletion and amortization

    total $2,463,029

  • 24a · Other expenses: COST OF POWER

    total $23,129,425

  • 24b · Other expenses: DISTRIBUTION MAINTENANC

    total $3,114,332

  • 24c · Other expenses: ADMINISTRATIVE AND GENE

    total $1,382,141

  • 24d · Other expenses: DISTRIBUTION OPERATIONS

    total $1,200,776

  • 24e · All other expenses

    total $1,064,684

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $836,218 · end of year $964,594

  • 4 · Accounts receivable

    beginning of year $2,028,424 · end of year $2,179,457

  • 8 · Inventories for sale or use

    beginning of year $755,670 · end of year $1,064,905

  • 9 · Prepaid expenses and deferred charges

    beginning of year $213,333 · end of year $227,763

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

    $89,026,945

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

    $28,374,036

  • 10c · Land, buildings and equipment, net

    beginning of year $59,090,774 · end of year $60,652,909

  • 13 · Investments: program-related

    beginning of year $16,945,488 · end of year $17,472,921

  • 15 · Other assets

    beginning of year $2,505,078 · end of year $2,849,614

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,390,341 · end of year $10,227,471

  • 23 · Secured mortgages and notes payable

    beginning of year $33,066,520 · end of year $31,042,431

  • 25 · Other liabilities

    beginning of year $10,689,338 · end of year $9,518,775

  • 29 · Capital stock, trust principal or current funds

    beginning of year $68,370 · end of year $68,265

  • 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 $35,159,499 · end of year $34,554,304

Mission and programs · 2022

Mission

TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS.

  • TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS.

    Expenses $34,409,288

As filed on the 2022 return.

Listed in Part VII

  • Juanita F Austin

    DIRECTOR/ASST SEC/TREAS

    Total calculated
    $8,290
    From this org
    $8,290
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Amy S Orr

    DIRECTOR/CHAIR

    Total calculated
    $8,143
    From this org
    $8,143
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Charles B Grace

    DIRECTOR/VICE CHAIR

    Total calculated
    $7,769
    From this org
    $7,769
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • James H Davis

    DIRECTOR/SECRETARY/TREAS

    Total calculated
    $7,618
    From this org
    $7,618
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • H David Green

    DIRECTOR

    Total calculated
    $7,619
    From this org
    $7,619
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dennis W Holder Sr

    DIRECTOR

    Total calculated
    $7,957
    From this org
    $7,957
    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
    $256,857
    From this org
    $192,625
    From related orgs
    $0
    Other
    $64,232
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,678
    Bonus
    $0
    Other
    $4,947
    Deferred
    $51,685
    Nontaxable benefits
    $12,547
    Filer's total
    $256,857

  • Autrey Howard

    CHIEF OPERATING OFFICER

    Total calculated
    $206,038
    From this org
    $147,511
    From related orgs
    $0
    Other
    $58,527
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,963
    Bonus
    $0
    Other
    $1,548
    Deferred
    $39,720
    Nontaxable benefits
    $18,807
    Filer's total
    $206,038

  • Robert Harrison

    DIRECTOR PURCHASING SAFETY

    Total calculated
    $141,230
    From this org
    $108,278
    From related orgs
    $0
    Other
    $32,952
    Hours/week
    40

  • Jason Whittington

    IT MANAGER

    Total calculated
    $160,270
    From this org
    $113,567
    From related orgs
    $0
    Other
    $46,703
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,051
    Bonus
    $0
    Other
    $516
    Deferred
    $31,297
    Nontaxable benefits
    $15,406
    Filer's total
    $160,270

  • Jason Johnson

    OPERATIONS SUPERINTENDENT

    Total calculated
    $144,144
    From this org
    $105,645
    From related orgs
    $0
    Other
    $38,499
    Hours/week
    40

  • Curtis Justice

    CREW FOREMAN

    Total calculated
    $147,041
    From this org
    $105,414
    From related orgs
    $0
    Other
    $41,627
    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
2022
Filed
26 March 2023
IRS schema version
2022v5.0
Source object
202320889349301242

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.