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Nonprofiteer
← UNION ELECTRIC MEMBERSHIP CORP

Form 990 for tax year 2022

Filed by UNION ELECTRIC MEMBERSHIP CORP.

Totals

Total revenue
$177,639,808
Total expenses
$172,393,569
Contributions and grants received
$0
Grants paid
$46,402
Program service revenue
$176,321,919
Investment income
$640,934
Other revenue
$676,955
Total assets, end of year
$441,713,632
Total liabilities, end of year
$236,250,034
Net assets or fund balances, end of year
$205,463,598
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.

  • 2a · Program service revenue: SALE OF ELECTRICITY

    total $168,444,335 · related or exempt $168,444,335

  • 2b · Program service revenue: CIAC

    total $7,423,149 · related or exempt $7,423,149

  • 2c · Program service revenue: PATRONAGE ALLOC. RECEIVED

    total $454,435 · related or exempt $454,435

  • 3 · Investment income

    total $328,667 · unrelated business $5 · excluded $328,662

  • 6a · Gross rents

    real property $28,135 · personal property $398,884

  • 6c · Rental income or loss

    real property $28,135 · personal property $398,884

  • 6d · Net rental income or loss

    total $427,019 · unrelated business $26,500 · excluded $400,519

  • 7a · Gross sales of assets other than inventory

    other assets $312,267

  • 7c · Gain or loss

    other assets $312,267

  • 7d · Net gain or loss

    total $312,267 · excluded $312,267

  • 11a · Other revenue: NET PROFIT - USUC LLC

    total $249,936 · unrelated business $249,936

  • 11e · Other revenue, total

    $249,936

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $46,402

  • 4 · Benefits paid to or for members

    total $8,651,858

  • 5 · Compensation of officers, directors and key employees

    total $2,608,723

  • 7 · Other salaries and wages

    total $12,862,211

  • 8 · Pension plan contributions

    total $2,040,829

  • 9 · Other employee benefits

    total $301,280

  • 10 · Payroll taxes

    total $1,158,796

  • 11b · Fees: legal

    total $174,690

  • 17 · Travel

    total $2,318,289

  • 19 · Conferences, conventions and meetings

    total $396,502

  • 20 · Interest

    total $6,352,391

  • 22 · Depreciation, depletion and amortization

    total $14,922,322

  • 24a · Other expenses: COST OF POWER

    total $106,525,922

  • 24b · Other expenses: DISTR EXP - MAINT

    total $9,839,189

  • 24c · Other expenses: DISTR EXP - OPERATION

    total $3,809,075

  • 24d · Other expenses: ADMIN AND GENERAL

    total $2,355,255

  • 24e · All other expenses

    total -$1,970,165

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,897,376 · end of year $10,909,593

  • 2 · Savings and temporary cash investments

    beginning of year $32,000,000

  • 4 · Accounts receivable

    beginning of year $19,546,246 · end of year $19,563,106

  • 7 · Other notes and loans receivable

    beginning of year $183,919 · end of year $142,090

  • 8 · Inventories for sale or use

    beginning of year $2,238,946 · end of year $2,845,739

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,134,503 · end of year $1,378,782

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

    $504,674,682

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

    $156,503,025

  • 10c · Land, buildings and equipment, net

    beginning of year $339,522,752 · end of year $348,171,657

  • 11 · Investments: publicly traded securities

    beginning of year $897,927 · end of year $15,984,580

  • 13 · Investments: program-related

    beginning of year $38,864,666 · end of year $42,304,465

  • 15 · Other assets

    beginning of year $396,970 · end of year $413,620

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,008,930 · end of year $17,346,265

  • 23 · Secured mortgages and notes payable

    beginning of year $212,073,627 · end of year $203,690,408

  • 24 · Unsecured notes and loans payable

    beginning of year $517,083 · end of year $517,083

  • 25 · Other liabilities

    beginning of year $12,528,809 · end of year $14,696,278

  • 31 · Retained earnings, endowment or other funds

    beginning of year $198,554,856 · end of year $205,463,598

Mission and programs · 2022

Mission

TO ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS AND THE COMMUNITIES WE SERVE BY DELIVERING ON OUR PROMISE TO PROVIDE SAFE, RELIABLE ELECTRIC POWER AND ENERGY SERVICES WITH EXCEPTIONAL VALUE.

  • SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF UNION EMC. THE CORPORATION'S THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER 106,525,922 DEPRECIATION EXPENSE 14,922,322 SALARIES 12,862,211

As filed on the 2022 return.

Listed in Part VII

  • Gregory S Andress

    EVP VP & GEN

    Total calculated
    $1,054,911
    From this org
    $678,194
    From related orgs
    $0
    Other
    $376,717
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $678,194
    Bonus
    not reported
    Other
    not reported
    Deferred
    $345,261
    Nontaxable benefits
    $31,456
    Filer's total
    $1,054,911

  • David Gross

    VP ENG & OPE

    Total calculated
    $501,792
    From this org
    $332,665
    From related orgs
    $0
    Other
    $169,127
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $302,332
    Bonus
    $30,333
    Other
    not reported
    Deferred
    $137,671
    Nontaxable benefits
    $31,456
    Filer's total
    $501,792

  • Theresa Blackwell

    VP FIN & ACC

    Total calculated
    $459,188
    From this org
    $297,430
    From related orgs
    $0
    Other
    $161,758
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,621
    Bonus
    $34,809
    Other
    not reported
    Deferred
    $130,302
    Nontaxable benefits
    $31,456
    Filer's total
    $459,188

  • Numa Robertson

    VP CORP SERV

    Total calculated
    $448,346
    From this org
    $314,453
    From related orgs
    $0
    Other
    $133,893
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $278,602
    Bonus
    $35,851
    Other
    not reported
    Deferred
    $102,437
    Nontaxable benefits
    $31,456
    Filer's total
    $448,346

  • Carrie Stroud

    VP COMMS & M

    Total calculated
    $326,593
    From this org
    $190,785
    From related orgs
    $0
    Other
    $135,808
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,883
    Bonus
    $10,902
    Other
    not reported
    Deferred
    $104,352
    Nontaxable benefits
    $31,456
    Filer's total
    $326,593

  • Wayne Hathcock

    MGR OF ENG

    Total calculated
    $321,397
    From this org
    $202,439
    From related orgs
    $0
    Other
    $118,958
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,265
    Bonus
    $10,174
    Other
    not reported
    Deferred
    $87,502
    Nontaxable benefits
    $31,456
    Filer's total
    $321,397

  • Jeremy Black

    VP INFO SERV

    Total calculated
    $301,416
    From this org
    $200,248
    From related orgs
    $0
    Other
    $101,168
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,079
    Bonus
    $11,169
    Other
    not reported
    Deferred
    $69,712
    Nontaxable benefits
    $31,456
    Filer's total
    $301,416

  • Matthew Baucom

    PLANT DEV EN

    Total calculated
    $237,077
    From this org
    $157,980
    From related orgs
    $0
    Other
    $79,097
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,454
    Bonus
    $8,526
    Other
    not reported
    Deferred
    $47,641
    Nontaxable benefits
    $31,456
    Filer's total
    $237,077

  • Brenda Robbins

    MGR HUMAN RE

    Total calculated
    $229,514
    From this org
    $163,441
    From related orgs
    $0
    Other
    $66,073
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,611
    Bonus
    $8,830
    Other
    not reported
    Deferred
    $54,818
    Nontaxable benefits
    $11,255
    Filer's total
    $229,514

  • Tom J Caudle

    DIRECTOR

    Total calculated
    $16,165
    From this org
    $16,165
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • David G Hyatt

    ASST SEC-TRE

    Total calculated
    $16,165
    From this org
    $16,165
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Thomas E Porter Jr

    DIRECTOR

    Total calculated
    $16,165
    From this org
    $16,165
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • David E Smith

    DIRECTOR

    Total calculated
    $16,165
    From this org
    $16,165
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Sue Threatt

    DIRECTOR

    Total calculated
    $16,165
    From this org
    $16,165
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dent H Turner

    VICE PRESIDE

    Total calculated
    $16,165
    From this org
    $16,165
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Lee Roy Kirk Jr

    PRESIDENT

    Total calculated
    $16,027
    From this org
    $16,027
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Sherise Jones

    SEC-TREAS

    Total calculated
    $15,903
    From this org
    $15,903
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Winnie Honeycutt

    DIRECTOR

    Total calculated
    $15,565
    From this org
    $15,565
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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 · 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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • UNION SERVICES OF UNION COUNTY LLC

    HVAC SALES · NC · income $233,295 · assets $1,211,470

    Directly controlled by UNION EMC

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202303139349304325

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