2022-10-17T12:16:42-04:00 2021-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2021-01-01 580301471 JACKSON ELECTRIC MEMBERSHIP CORPORATION JACK 7063675281 PO BOX 38 JEFFERSON GA 305490038 ERNEST A CHIP JAKINS III PRESIDENT & CEO 7063675281 2022-10-11 true ERNEST A JAKINS III XXX-XX-XXXX H TERRELL MCMICHAEL JR P01259982 4787466277 2022-10-17 2021 2022-09-23 18:48:47Z ERNEST A CHIP JAKINS III PO BOX 38 JEFFERSON GA 30549 616720445 false X X 1938 GA TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. 9 9 519 2094161 109246 0 609997807 613945012 2953375 540138 1855901 2235295 614807083 616720445 0 35998806 46488884 1023500 1077725 0 0 577784777 569153836 614807083 616720445 0 1180710221 1224303203 636225208 662144892 544485013 562158311 TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. false false N/A false false false false false false false false false true false true false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 320 0 true 519 true true true false false false false 594982006 813741 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false GA X JACKSON EMC 7063675281 850 COMMERCE ROAD JEFFERSON GA 30549 OTIS JONES CHAIRMAN 5.00 X X 41899 0 0 RODNEY CHANDLER VICE CHAIRMA 4.00 X X 39554 0 0 LYNN PRICE SECRETARY/TR 4.00 X X 35804 0 0 CHARLES B STEELE DIRECTOR 3.00 X 14175 0 0 BILL E CARPENTER DIRECTOR 3.00 X 21087 0 0 STEVE BLAIR DIRECTOR 3.00 X 18175 0 0 JOHN MITCHELL DIRECTOR 3.00 X 18500 0 0 SHADE STOREY DIRECTOR 3.00 X 11175 0 0 ALTON THORNTON DIRECTOR 3.00 X 8500 0 0 ERNEST A CHIP JAKINS III PRESIDENT & 50.00 X 670474 0 198382 GREG S KEITH CFO 50.00 X 861260 0 139153 ROY A STOWE COO 50.00 X 448130 0 127478 JOSEPH L DOROUGH VP-ENGINEERI 50.00 X 324471 0 127346 PRESTON L CHAPMAN VP-MKT MS/GO 50.00 X 316199 0 119620 AMY W ROUSE VP-FINANCE / 50.00 X 303612 0 108991 3133015 820970 100 false true false PIKE ELECTRIC LLC PO BOX 746308 ATLANTA GA 303746308 LINE CONST. 8865774 EXELON CORPORATION 8TH FLOOR BALTIMORE MD 21231 ENERGY SERVICES 8818378 TOWNSEND PO BOX 7015 MUNCIE IN 47308 RIGHT-OF-WAY 4826641 SOUTHERN FIBER COMPANY LLC 471 MEADOW LAKE TERRACE HOSCHTON GA 30548 CONSTRUCTION 1085059 SOUTHERN UTILITY PARTNERS 1480 JEFFERSON AVE BOGART GA 30622 UTILITY SERVICE 698128 19 ELECTRIC ENERGY REVENUE 221000 594982006 594982006 G & T CAPITAL CREDITS 221000 14127752 14127752 POLE RENTAL 221000 3883600 3883600 OTHER CAPITAL CREDITS 221000 951654 951654 613945012 540138 540138 EQUITY IN EARNINGS OF SUBSIDI 900001 2094161 2094161 NON-OPERATING MARGINS-OTHER 140580 140580 COST AND EXPENSE OF MERCH-COO 554 554 2235295 616720445 610202546 2094161 4423738 46488884 1077725 787376 14992743 38596482 PURCHASED POWER 439362732 DISTRIBUTION MAINTENANCE 19092564 ADMIN. & GENERAL EXP. 15156313 CONSUMER ACCOUNTS 14386808 26778818 616720445 0 0 0 9830653 25165106 86500000 80499347 69970721 58479266 14234541 16794687 1330805 1352974 1210339736 392615367 786709685 817724369 209493424 223393878 2640392 893576 1180710221 1224303203 61484801 56102566 482948067 512613046 91792340 93429280 636225208 662144892 X 3803590 3916960 540681423 558241351 544485013 562158311 1180710221 1224303203 X 0 17673298 X false true X true false 6070038 6070038 1204269698 392615367 811654331 817724369 OPC 163200714 C GTC 40603621 C CFC CTC'S 5384251 C CFC PATRONAGE CAPITAL 3390264 C COOPERATIVE CHOICE 3269627 C GRESCO 2192613 C SEWELL CREEK 2150349 C FEDERATED 1510514 C SMARR EMC 1311828 C NISC 182220 C OTHER 98896 C NRTC 37688 C GSOC 30115 C CRC 17571 C GREEN POWER 12425 C COBANK 1182 C 223393878 ACC. PROV. FOR POSTRETIREMENT 53650954 DEFERRED CREDITS 25460334 CONSUMER DEPOSITS 14317992 93429280 SCHEDULE D, PAGE 4, PART XIII THE CORPORATION'S FINANCIAL STATEMENTS WERE AUDITED AS OF MAY 31, 2021 AND 2020. X X X X X X false true false ERNEST A CHIP JAKINS III PRESIDENT & CEO 655319 460 14695 163050 35332 868856 GREG S KEITH CFO 424485 5548 431227 116235 22918 1000413 406715 ROY A STOWE COO 424942 4810 18378 116783 10695 575608 JOSEPH L DOROUGH VP-ENGINEERING/OPER 309206 1710 13555 93505 33841 451817 PRESTON L CHAPMAN VP-MKT MS/GOVT AFFRS 298043 4730 13426 96934 22686 435819 AMY W ROUSE VP-FINANCE / ACCTG 291280 1150 11182 75150 33841 412603 SCHEDULE J, PAGE 1, PART I, LINE 4 GREG S. KEITH 0 406,715 0 SCHEDULE J, PART III THE CORPORATION HAS ESTABLISHED AN EXECUTIVE BENEFIT RESTORATION PLAN (EBR PLAN) UNDER IRC 457(F) FOR KEY MANAGEMENT AND HIGHLY COMPENSATED EMPLOYEES WHOSE BENEFITS UNDER THE RS PENSION PLAN ARE RESTRICTED BECAUSE OF MAXIMUM LIMITS ON BENEFITS OR COMPENSATION THAT MAY BE PROVIDED BY THE RS PENSION PLAN. THE ACTUARIALLY DETERMINED "SERVICE COST" COMPONENT OF CURRENT YEAR NET PERIODIC BENEFIT EXPENSE HAS BEEN ADDED TO COLUMN (C) FOR PARTICIPANTS OF THIS PLAN. THE COOPERATIVE HAS REPORTED PAYMENTS MADE FOR THE EBR PLAN IN THE CURRENT YEAR AS A COMPONENT OF COMPENSATION IN COLUMN(B)(II). COMPENSATION PREVIOUSLY REPORTED IN COLUMN(F)OF THE 2021 FORM 990 IN ACCORDANCE WITH APPLICABLE DISCLOSURE REQUIREMENTS. IN ADDITION, THE CORPORATION HAS ESTABLISHED A PENSION RESTORATION PLAN (PRP) FOR ITS CHIEF EXECUTIVE OFFICER (CEO) WHOSE BENEFITS UNDER THE RS PLAN ARE RESTRICTED. THE CORPORATION WILL BE REQUIRED TO PAY THIS BENEFIT FROM THE GENERAL ASSETS OF THE CORPORATION. AFTER PAYING THE BENEFIT, THE CORPORATION WILL RECEIVE CREDIT ON ITS PAYMENTS EQUAL TO THE TOTAL AMOUNT FROM THE RS PLAN. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7A THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE BOARD AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CEO IS REVIEWED BY THE BOARD AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES IS REVIEWED BY THE BOARD AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS 990. THE FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 PATRONAGE CAPITAL 46,488,884 MEMBERSHIP FEES 113,370 UNCLAIMED CAPITAL CREDITS 136,968 CAPITAL CREDIT RETIREMENTS -14,000,284 DONATED CAPITAL -65,640 ASC 980 - REVENUE DEFERRAL -15,000,000 TOTAL 17,673,298