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Nonprofiteer
← OCONEE ELECTRIC MEMBERSHIP CORP

Form 990 for tax year 2024

Filed by OCONEE ELECTRIC MEMBERSHIP CORP.

Totals

Total revenue
$38,358,902
Total expenses
$38,358,902
Contributions and grants received
$0
Grants paid
$4,350
Program service revenue
$37,782,011
Investment income
$31,001
Other revenue
$545,890
Total assets, end of year
$109,463,404
Total liabilities, end of year
$68,134,003
Net assets or fund balances, end of year
$41,329,401
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$38,358,902

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 $36,568,694 · related or exempt $36,568,694

  • 2b · Program service revenue: PATRONAGE DIVIDENDS

    total $1,170,639 · related or exempt $1,170,639

  • 2c · Program service revenue: MISCELLANEOUS

    total $42,678 · related or exempt $42,678

  • 3 · Investment income

    total $31,001 · excluded $31,001

  • 6a · Gross rents

    personal property $545,890

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $545,890

  • 6d · Net rental income or loss

    total $545,890 · related or exempt $545,890

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,350

  • 4 · Benefits paid to or for members

    total $3,092,307

  • 5 · Compensation of officers, directors and key employees

    total $587,243

  • 11b · Fees: legal

    total $7,673

  • 11c · Fees: accounting

    total $37,400

  • 12 · Advertising and promotion

    total $34,116

  • 13 · Office expenses

    total $219,810

  • 20 · Interest

    total $2,317,784

  • 22 · Depreciation, depletion and amortization

    total $2,636,993

  • 24a · Other expenses: COST OF POWER

    total $22,101,979

  • 24b · Other expenses: DISTRIBUTION MAINTENANC

    total $3,444,152

  • 24c · Other expenses: ADMINISTRATIVE AND GENE

    total $1,468,220

  • 24d · Other expenses: DISTRIBUTION OPERATIONS

    total $1,311,094

  • 24e · All other expenses

    total $1,095,781

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $914,075 · end of year $1,739,690

  • 4 · Accounts receivable

    beginning of year $2,443,575 · end of year $2,470,318

  • 8 · Inventories for sale or use

    beginning of year $1,117,742 · end of year $5,156,532

  • 9 · Prepaid expenses and deferred charges

    beginning of year $260,298 · end of year $254,566

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

    $108,305,051

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

    $30,641,192

  • 10c · Land, buildings and equipment, net

    beginning of year $62,660,053 · end of year $77,663,859

  • 13 · Investments: program-related

    beginning of year $18,538,427 · end of year $19,515,462

  • 15 · Other assets

    beginning of year $2,691,369 · end of year $2,662,977

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,124,618 · end of year $9,098,065

  • 23 · Secured mortgages and notes payable

    beginning of year $34,085,421 · end of year $50,706,278

  • 25 · Other liabilities

    beginning of year $8,845,528 · end of year $8,329,660

  • 29 · Capital stock, trust principal or current funds

    beginning of year $68,675 · end of year $69,400

  • 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 $38,500,380 · end of year $41,259,084

Mission and programs · 2024

Mission

TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS.

  • TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS.

    Expenses $38,358,902

As filed on the 2024 return.

Listed in Part VII

  • Juanita F Austin

    DIRECTOR/ASST SEC/TREAS

    Total calculated
    $10,940
    From this org
    $10,940
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Amy S Orr

    DIRECTOR/CHAIR

    Total calculated
    $8,822
    From this org
    $8,822
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • James H Davis

    DIRECTOR/SECRETARY/TREAS

    Total calculated
    $7,318
    From this org
    $7,318
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • H David Green

    DIRECTOR

    Total calculated
    $7,569
    From this org
    $7,569
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dennis W Holder Sr

    DIRECTOR

    Total calculated
    $3,104
    From this org
    $3,104
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Wendell Knight

    DIRECTOR

    Total calculated
    $8,293
    From this org
    $8,293
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mike Sheppard

    DIRECTOR

    Total calculated
    $6,556
    From this org
    $6,556
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Terri Howard

    PRESIDENT/CEO

    Total calculated
    $293,097
    From this org
    $217,485
    From related orgs
    $0
    Other
    $75,612
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,318
    Bonus
    $0
    Other
    $5,167
    Deferred
    $59,718
    Nontaxable benefits
    $15,894
    Filer's total
    $293,097

  • Autrey Howard

    CHIEF OPERATING OFFICER

    Total calculated
    $241,544
    From this org
    $174,295
    From related orgs
    $0
    Other
    $67,249
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,354
    Bonus
    $0
    Other
    $3,941
    Deferred
    $46,116
    Nontaxable benefits
    $21,133
    Filer's total
    $241,544

  • Robert Harrison

    DIRECTOR PURCHASING SAFETY

    Total calculated
    $160,803
    From this org
    $123,656
    From related orgs
    $0
    Other
    $37,147
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,467
    Bonus
    $0
    Other
    $5,189
    Deferred
    $20,697
    Nontaxable benefits
    $16,450
    Filer's total
    $160,803

  • Jason Whittington

    IT MANAGER

    Total calculated
    $175,884
    From this org
    $125,435
    From related orgs
    $0
    Other
    $50,449
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,566
    Bonus
    $0
    Other
    $869
    Deferred
    $35,311
    Nontaxable benefits
    $15,138
    Filer's total
    $175,884

  • Jason Johnson

    OPERATIONS SUPERINTENDENT

    Total calculated
    $164,605
    From this org
    $118,246
    From related orgs
    $0
    Other
    $46,359
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,304
    Bonus
    $0
    Other
    $942
    Deferred
    $32,903
    Nontaxable benefits
    $13,456
    Filer's total
    $164,605

  • Curtis Justice

    CREW FOREMAN

    Total calculated
    $158,467
    From this org
    $110,083
    From related orgs
    $0
    Other
    $48,384
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $109,630
    Bonus
    $0
    Other
    $453
    Deferred
    $29,067
    Nontaxable benefits
    $19,317
    Filer's total
    $158,467

  • Jennifer Bryant

    MEMBER SERVICES DIRECTOR

    Total calculated
    $154,608
    From this org
    $111,230
    From related orgs
    $0
    Other
    $43,378
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,855
    Bonus
    $0
    Other
    $375
    Deferred
    $30,587
    Nontaxable benefits
    $12,791
    Filer's total
    $154,608

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
2024
Filed
12 May 2025
IRS schema version
2024v5.1
Source object
202521429349301327

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