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Nonprofiteer
← OCONEE ELECTRIC MEMBERSHIP CORP

Form 990 for tax year 2025

Filed by OCONEE ELECTRIC MEMBERSHIP CORP.

Totals

Total revenue
$40,095,257
Total expenses
$40,095,257
Contributions and grants received
$0
Grants paid
$4,884
Program service revenue
$38,518,186
Investment income
$31,771
Other revenue
$1,545,300
Total assets, end of year
$124,746,056
Total liabilities, end of year
$81,469,160
Net assets or fund balances, end of year
$43,276,896
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$40,095,257

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 $36,887,481 · related or exempt $36,887,481

  • 2b · Program service revenue: PATRONAGE DIVIDENDS

    total $1,627,986 · related or exempt $1,627,986

  • 2c · Program service revenue: MISCELLANEOUS

    total $2,719 · related or exempt $2,719

  • 3 · Investment income

    total $31,771 · excluded $31,771

  • 6a · Gross rents

    personal property $1,545,300

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $1,545,300

  • 6d · Net rental income or loss

    total $1,545,300 · related or exempt $1,545,300

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,884

  • 4 · Benefits paid to or for members

    total $2,248,681

  • 5 · Compensation of officers, directors and key employees

    total $626,734

  • 11b · Fees: legal

    total $25,379

  • 11c · Fees: accounting

    total $47,650

  • 12 · Advertising and promotion

    total $30,421

  • 13 · Office expenses

    total $267,726

  • 20 · Interest

    total $3,378,260

  • 22 · Depreciation, depletion and amortization

    total $2,861,237

  • 24a · Other expenses: COST OF POWER

    total $23,848,821

  • 24b · Other expenses: DISTRIBUTION MAINTENANC

    total $2,775,862

  • 24c · Other expenses: DISTRIBUTION OPERATIONS

    total $1,659,683

  • 24d · Other expenses: ADMINISTRATIVE AND GENE

    total $1,121,073

  • 24e · All other expenses

    total $1,198,846

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,739,690 · end of year $1,423,313

  • 4 · Accounts receivable

    beginning of year $2,470,318 · end of year $2,848,645

  • 8 · Inventories for sale or use

    beginning of year $5,156,532 · end of year $3,009,831

  • 9 · Prepaid expenses and deferred charges

    beginning of year $254,566 · end of year $289,880

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

    $122,473,230

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

    $28,338,569

  • 10c · Land, buildings and equipment, net

    beginning of year $77,663,859 · end of year $94,134,661

  • 13 · Investments: program-related

    beginning of year $19,515,462 · end of year $20,473,412

  • 15 · Other assets

    beginning of year $2,662,977 · end of year $2,566,314

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,098,065 · end of year $8,380,196

  • 23 · Secured mortgages and notes payable

    beginning of year $50,706,278 · end of year $64,633,443

  • 25 · Other liabilities

    beginning of year $8,329,660 · end of year $8,455,521

  • 29 · Capital stock, trust principal or current funds

    beginning of year $69,400 · end of year $70,065

  • 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 $41,259,084 · end of year $43,205,914

Mission and programs · 2025

Mission

TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS.

  • TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS.

    Expenses $40,095,257

As filed on the 2025 return.

Listed in Part VII

  • Juanita F Austin

    DIRECTOR/ASST SEC/TREAS

    Total calculated
    $12,566
    From this org
    $12,566
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Amy S Orr

    DIRECTOR/CHAIR

    Total calculated
    $10,113
    From this org
    $10,113
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • James H Davis

    DIRECTOR/SECRETARY/TREAS

    Total calculated
    $8,859
    From this org
    $8,859
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • H David Green

    DIRECTOR

    Total calculated
    $9,361
    From this org
    $9,361
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Wendell Knight

    DIRECTOR

    Total calculated
    $9,069
    From this org
    $9,069
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mike Sheppard

    DIRECTOR

    Total calculated
    $10,001
    From this org
    $10,001
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Michael Bentley

    DIRECTOR

    Total calculated
    $5,659
    From this org
    $5,659
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Terri Howard

    PRESIDENT/CEO

    Total calculated
    $310,787
    From this org
    $234,694
    From related orgs
    $0
    Other
    $76,093
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,410
    Bonus
    $0
    Other
    $5,284
    Deferred
    $59,625
    Nontaxable benefits
    $16,468
    Filer's total
    $310,787

  • Autrey Howard

    CHIEF OPERATING OFFICER

    Total calculated
    $250,319
    From this org
    $181,671
    From related orgs
    $0
    Other
    $68,648
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,223
    Bonus
    $0
    Other
    $3,448
    Deferred
    $47,248
    Nontaxable benefits
    $21,400
    Filer's total
    $250,319

  • Robert Harrison

    DIRECTOR PURCHASING SAFETY

    Total calculated
    $159,143
    From this org
    $120,436
    From related orgs
    $0
    Other
    $38,707
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,466
    Bonus
    $0
    Other
    $3,970
    Deferred
    $21,360
    Nontaxable benefits
    $17,347
    Filer's total
    $159,143

  • Jason Whittington

    IT MANAGER

    Total calculated
    $182,230
    From this org
    $131,092
    From related orgs
    $0
    Other
    $51,138
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,187
    Bonus
    $0
    Other
    $905
    Deferred
    $35,501
    Nontaxable benefits
    $15,637
    Filer's total
    $182,230

  • Jason Johnson

    OPERATIONS SUPERINTENDENT

    Total calculated
    $171,274
    From this org
    $126,402
    From related orgs
    $0
    Other
    $44,872
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,397
    Bonus
    $0
    Other
    $1,005
    Deferred
    $33,720
    Nontaxable benefits
    $11,152
    Filer's total
    $171,274

  • Curtis Justice

    CREW FOREMAN

    Total calculated
    $167,194
    From this org
    $118,214
    From related orgs
    $0
    Other
    $48,980
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,732
    Bonus
    $0
    Other
    $482
    Deferred
    $29,513
    Nontaxable benefits
    $19,467
    Filer's total
    $167,194

  • Kenneth Oliver

    CREW FOREMAN

    Total calculated
    $161,120
    From this org
    $115,939
    From related orgs
    $0
    Other
    $45,181
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,553
    Bonus
    $0
    Other
    $386
    Deferred
    $26,092
    Nontaxable benefits
    $19,089
    Filer's total
    $161,120

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
2025
Filed
28 May 2026
IRS schema version
2025v4.1
Source object
202621539349300532

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