Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $11,607,524

• 2a · Program service revenue: SALE AND DIST. OF ELECT.

  total $160,363,676 · related or exempt $160,363,676

• 2b · Program service revenue: CONT. IN AID OF CONST.

  total $2,624,813 · related or exempt $2,624,813

• 2c · Program service revenue: PATRONAGE ALLOCATIONS REC

  total $947,181 · related or exempt $947,181

• 3 · Investment income

  total $243,838 · excluded $243,838

• 6a · Gross rents

  real property $826,229 · personal property $3,535,128

• 6b · Less rental expenses

  real property $826,229 · personal property $1,133,165

• 6c · Rental income or loss

  personal property $2,401,963

• 6d · Net rental income or loss

  total $2,401,963 · unrelated business $671,652 · excluded $1,730,311

• 7a · Gross sales of assets other than inventory

  other assets $80,203

• 7b · Less cost or other basis and sales expenses

  other assets $125,713

• 7c · Gain or loss

  other assets -$45,510

• 7d · Net gain or loss

  total -$45,510 · excluded -$45,510

• 10a · Gross sales of inventory

  $205,358

• 10b · Cost of goods sold

  $178,072

• 10c · Net income from sales of inventory

  total $27,286 · unrelated business $27,286

• 11a · Other revenue: INCOME FROM EQUITY INVEST

  total $4,018,433 · related or exempt $4,018,433

• 11b · Other revenue: HOME WARRANTY

  total $40,048 · related or exempt $40,048

• 11c · Other revenue: INTANGIBLE BENEFITS

  total $5,000 · unrelated business $5,000

• 11e · Other revenue, total

  $4,063,481

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $34,466

• 4 · Benefits paid to or for members

  total $11,883,756

• 5 · Compensation of officers, directors and key employees

  total $4,888,389

• 7 · Other salaries and wages

  total $23,206,400

• 8 · Pension plan contributions

  total $4,132,394

• 9 · Other employee benefits

  total $548,799

• 10 · Payroll taxes

  total $2,153,958

• 11b · Fees: legal

  total $952,200

• 17 · Travel

  total $4,057,566

• 19 · Conferences, conventions and meetings

  total $377,575

• 20 · Interest

  total $8,257,737

• 22 · Depreciation, depletion and amortization

  total $21,645,493

• 24a · Other expenses: COST OF POWER

  total $76,534,663

• 24b · Other expenses: DISTRIBUTION MAINTENANCE

  total $25,711,807

• 24c · Other expenses: CONSUMER ACCOUNTS

  total $2,097,794

• 24d · Other expenses: TAXES

  total $1,939,107

• 24e · All other expenses

  total -$8,870,944

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,532,288 · end of year $10,756,789

• 2 · Savings and temporary cash investments

  beginning of year $1,036,443 · end of year $1,071,419

• 4 · Accounts receivable

  beginning of year $49,699,391 · end of year $41,329,868

• 7 · Other notes and loans receivable

  beginning of year $6,081,233 · end of year $5,176,025

• 8 · Inventories for sale or use

  beginning of year $9,376,634 · end of year $9,875,968

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,312,668 · end of year $2,764,133

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

  $659,959,961

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

  $252,655,142

• 10c · Land, buildings and equipment, net

  beginning of year $404,059,400 · end of year $407,304,819

• 12 · Investments: other securities

  beginning of year $23,595,033 · end of year $29,113,466

• 13 · Investments: program-related

  beginning of year $20,253,046 · end of year $16,694,767

• 15 · Other assets

  beginning of year $31,911 · end of year $30,936

• 17 · Accounts payable and accrued expenses

  beginning of year $27,713,138 · end of year $29,211,992

• 23 · Secured mortgages and notes payable

  beginning of year $263,085,496 · end of year $256,276,698

• 25 · Other liabilities

  beginning of year $26,066,084 · end of year $27,551,570

• 31 · Retained earnings, endowment or other funds

  beginning of year $206,113,329 · end of year $211,077,930

The filer's explanations (Part III)

SCHEDULE J, PART III

PART I, LINE 4 - SEVERANCE, NONQUALIFIED, AND EQUITY-BASED PAYMENTS DIRECTORS HAVE THE OPTION OF PARTICIPATING IN A 457(B) NON-QUALIFIED DEFERRED COMPENSATION (NQDC) PLAN. THE COOP DID NOT MAKE ANY CONTRIBUTIONS TO THIS PLAN DURING THE CURRENT YEAR. THE FOLLOWING INDIVIDUAL PARTICIPATED IN THE 457(B) PLAN DURING THE CURRENT YEAR: KATIE WOODLE 23,500 JULIE O'DELL 23,500 TANNER GREER 23,000 JOHNNY WISHON 23,000 DOUG SPELL 7,500 THE ABOVE AMOUNTS WERE INCLUDED ON FORM 990 PART VII COLUMN F. SCHEDULE J PART II B (COLUMNS I-III) REPRESENT INFORMATION FOR CALCULATING W2 BOX 5 EARNINGS. COLUMNS C AND D REPRESENT NON CASH EARNINGS RELATED TO CORPORATION PROVIDED BENEFITS. COLUMN E IS A TOTAL OF ALL COLUMNS AND REPRESENTS TOTAL REWARDS PROVIDED TO EMPLOYEES. SCHEDULE J PART II BREAKDOWN OF W-2 COMPENSATION COLUMN III OTHER REPORTABLE COMPENSATION: THE NEGATIVE AMOUNTS IN THIS COLUMN ARE INCLUDED AS PART OF THE TOTAL COMPENSATION IN COLUMN B(I) AND B(II) AND REPRESENT PRE-TAX DEDUCTIONS (SECTION 125) TO ARRIVE AT W-2 BOX 5 WAGES. SCHEDULE J PART II BASE COMPENSATION, BONUS AND INCENTIVE COMPENSATION FROM RELATED ORGANIZATIONS ARE NOT INCLUDED IN THE MEMBERS' ELECTRIC RATES. THE FOLLOWING AMOUNTS WERE INCLUDED IN BASE AND BONUS COMPENSATION FROM RELATED ORGANIZATIONS AS PART OF SCHEDULE J: THE FOLLOWING AMOUNTS INCLUDED IN REPORTABLE COMPENSATION IN PART VII SECTION A AND SCHEDULE J PART II B WERE ALLOCATED TO BR ENERGIES, LLC: KATIE WOODLE 72,377 JULIE O'DELL 37,390 CRYSTAL SPENCER 29,361 AMY CROWDER 23,782 TANNER GREER 17,235 JASON LINGLE 8,993 RENEE WALKER 7,336 THE FOLLOWING AMOUNTS INCLUDED IN REPORTABLE COMPENSATION IN PART VII SECTION A AND SCHEDULE J PART II B(I) WERE ALLOCATED TO RIDGELINK LLC: JASON SMITH 166,683 DOUGLAS W. JOHNSON 85,585 KATIE WOODLE 59,441 JULIE O'DELL 18,694 AMY CROWDER 18,131

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• RIDGELINK LLC

  C CORP · TELECOMM · NC · 100% owned · share of income $454,820 · share of assets $16,896,805 · controlled entity

  Directly controlled by BREMC

• BLUE RIDGE ENERGIES LLC

  C CORP · FUEL · NC · 100% owned · share of income $3,563,613 · share of assets $35,732,695 · controlled entity

  Directly controlled by BREMC