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← ELECTRIC MEMBERSHIP CORP BALDWIN COUNTY ELECTRIC MEMBERSHIP CORP

Form 990 for tax year 2024

Filed by ELECTRIC MEMBERSHIP CORP BALDWIN COUNTY ELECTRIC MEMBERSHIP CORP.

Totals

Total revenue
$223,320,389
Total expenses
$217,635,169
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$219,205,597
Investment income
$305,970
Other revenue
$3,808,822
Total assets, end of year
$387,386,939
Total liabilities, end of year
$216,684,381
Net assets or fund balances, end of year
$170,702,558
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: ELECTRIC SALES

    total $218,314,520 · excluded $218,314,520

  • 2b · Program service revenue: POLE ATTACHMENTS

    total $891,077 · excluded $891,077

  • 3 · Investment income

    total $305,970 · excluded $305,970

  • 11a · Other revenue: CAPITAL CREDITS

    total $3,791,070 · excluded $3,791,070

  • 11b · Other revenue: OTHER NON OPERATING INCOME

    total $17,752 · excluded $17,752

  • 11e · Other revenue, total

    $3,808,822

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $6,044,443

  • 5 · Compensation of officers, directors and key employees

    total $1,105,303

  • 6 · Compensation of disqualified persons

    total $707,407

  • 7 · Other salaries and wages

    total $1,085,549

  • 20 · Interest

    total $6,010,109

  • 22 · Depreciation, depletion and amortization

    total $14,663,164

  • 24a · Other expenses: COST OF POWER

    total $145,071,755

  • 24b · Other expenses: DISTRIBUTION- MAINTENANCE

    total $14,716,131

  • 24c · Other expenses: ADMINISTRATIVE & GENERAL

    total $8,383,126

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $7,350,520

  • 24e · All other expenses

    total $12,497,662

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,289,445 · end of year $4,707,121

  • 4 · Accounts receivable

    beginning of year $30,207,381 · end of year $24,910,625

  • 8 · Inventories for sale or use

    beginning of year $10,302,785 · end of year $11,353,207

  • 9 · Prepaid expenses and deferred charges

    beginning of year $169,492 · end of year $178,805

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

    $398,480,978

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

    $132,417,183

  • 10c · Land, buildings and equipment, net

    beginning of year $254,989,843 · end of year $266,063,795

  • 13 · Investments: program-related

    beginning of year $76,757,502 · end of year $80,024,585

  • 15 · Other assets

    beginning of year $160,837 · end of year $148,801

  • 17 · Accounts payable and accrued expenses

    beginning of year $32,912,941 · end of year $29,262,833

  • 23 · Secured mortgages and notes payable

    beginning of year $153,491,337 · end of year $157,437,085

  • 25 · Other liabilities

    beginning of year $25,790,858 · end of year $29,984,463

  • 29 · Capital stock, trust principal or current funds

    beginning of year $349,805 · end of year $359,605

  • 31 · Retained earnings, endowment or other funds

    beginning of year $164,332,344 · end of year $170,342,953

Mission and programs · 2024

Mission

RURAL ELECTRIC COOPERATIVE SERVING BALDWIN AND MONROE COUNTIES IN ALABAMA.

  • PROVIDED ELECTRIC SERVICE TO AN AVERAGE OF 90,121 CUSTOMERS IN THE RURAL AREAS OF BALDWIN AND MONROE COUNTIES IN ALABAMA.

  • PROVIDED ELECTRIC SERVICE TO AN AVERAGE OF 90,121 CUSTOMERS IN THE RURAL AREAS OF BALDWIN AND MONROE COUNTIES IN ALABAMA.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Karen L Moore

    CEO

    Total calculated
    $831,605
    From this org
    $707,406
    From related orgs
    $0
    Other
    $124,199
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $499,152
    Bonus
    $71,663
    Other
    $136,591
    Deferred
    $99,536
    Nontaxable benefits
    $24,663
    Filer's total
    $831,605

  • Alan L Schott

    VP FIN/ACC

    Total calculated
    $410,239
    From this org
    $303,535
    From related orgs
    $0
    Other
    $106,704
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $280,949
    Bonus
    $7,046
    Other
    $15,540
    Deferred
    $82,041
    Nontaxable benefits
    $24,663
    Filer's total
    $410,239

  • Steven Kent Irvin

    VP ENGINEERI

    Total calculated
    $383,023
    From this org
    $282,727
    From related orgs
    $0
    Other
    $100,296
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $261,425
    Bonus
    $2,950
    Other
    $18,352
    Deferred
    $75,633
    Nontaxable benefits
    $24,663
    Filer's total
    $383,023

  • Mark Ingram

    VP CORP. SER

    Total calculated
    $356,952
    From this org
    $262,745
    From related orgs
    $0
    Other
    $94,207
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $244,582
    Bonus
    $5,750
    Other
    $12,413
    Deferred
    $69,519
    Nontaxable benefits
    $24,688
    Filer's total
    $356,952

  • W Brian Seals

    MANAGER ENGI

    Total calculated
    $273,961
    From this org
    $198,001
    From related orgs
    $0
    Other
    $75,960
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $176,313
    Bonus
    $3,764
    Other
    $17,924
    Deferred
    $51,548
    Nontaxable benefits
    $24,412
    Filer's total
    $273,961

  • Hunter Robinson

    CEO

    Total calculated
    $265,906
    From this org
    $222,533
    From related orgs
    $0
    Other
    $43,373
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $175,525
    Bonus
    $43,801
    Other
    $3,207
    Deferred
    $34,245
    Nontaxable benefits
    $9,128
    Filer's total
    $265,906

  • Greg Gipson

    VP OPERATION

    Total calculated
    $257,792
    From this org
    $187,111
    From related orgs
    $0
    Other
    $70,681
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $179,766
    Bonus
    $6,143
    Other
    $1,202
    Deferred
    $46,397
    Nontaxable benefits
    $24,284
    Filer's total
    $257,792

  • Deborah Ellison

    MEMBER SERVI

    Total calculated
    $243,769
    From this org
    $173,450
    From related orgs
    $0
    Other
    $70,319
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $157,731
    Bonus
    $3,350
    Other
    $12,369
    Deferred
    $46,035
    Nontaxable benefits
    $24,284
    Filer's total
    $243,769

  • Doug Byrd

    SYSTEM COMM.

    Total calculated
    $240,366
    From this org
    $168,625
    From related orgs
    $0
    Other
    $71,741
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $156,261
    Bonus
    $2,660
    Other
    $9,704
    Deferred
    $46,035
    Nontaxable benefits
    $25,706
    Filer's total
    $240,366

  • Peggy Vanover-Barnes

    PRESIDENT

    Total calculated
    $95,527
    From this org
    $72,522
    From related orgs
    $0
    Other
    $23,005
    Hours/week
    28.68

  • Chad Grace

    DIRECTOR

    Total calculated
    $87,488
    From this org
    $64,458
    From related orgs
    $0
    Other
    $23,030
    Hours/week
    12.8

  • Robert Kaiser

    DIRECTOR

    Total calculated
    $83,739
    From this org
    $60,924
    From related orgs
    $0
    Other
    $22,815
    Hours/week
    12.12

  • Aubury L Fuller

    DIRECTOR

    Total calculated
    $69,701
    From this org
    $46,758
    From related orgs
    $0
    Other
    $22,943
    Hours/week
    10.81

  • Tommie Werneth

    VICE-PRESIDE

    Total calculated
    $68,040
    From this org
    $45,066
    From related orgs
    $0
    Other
    $22,974
    Hours/week
    8.65

  • Joseph Coleman

    SECRETARY/TR

    Total calculated
    $64,507
    From this org
    $41,502
    From related orgs
    $0
    Other
    $23,005
    Hours/week
    11.02

  • Carolyn Doughty

    DIRECTOR

    Total calculated
    $60,899
    From this org
    $60,894
    From related orgs
    $0
    Other
    $5
    Hours/week
    18.76

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

  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 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

The filer's explanations (Part III)

SCHEDULE J, PART III
PENSION CONTRIBUTIONS MADE ON BEHALF OF CERTAIN EMPLOYEES ARE CAPPED IN ACCORDANCE WITH IRS REGULATIONS. MS. MOORE RECEIVED A PAYMENT THAT IS INCLUDED IN OTHER COMPENSATION THAT IS INTENDED TO COMPENSATE HER FOR THIS REDUCTION IN HER PENSION CONTRIBUTION MADE BY THE COOPERATIVE. THIS PAYMENT FOR LOST BENEFITS HAS BEEN REFLECTED ON MS. MOORE'S IRS FORM W2 AS TAXABLE WAGES.

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
17 April 2025
IRS schema version
2024v5.0
Source object
202501259349301800

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

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