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JACKSON ELECTRIC MEMBERSHIP CORP: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
JACKSON ELECTRIC MEMBERSHIP CORP (EIN 58-0301471)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-13
IRS object ID
202043189349302124
Schema version
2019v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-11-13T08:35:43-06:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN581094351PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MCNAIR MCLEMORE MIDDLEBROOKS & CO LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1POST OFFICE BOX ONEAddressLine1Txt
CityMACONCityNm
State AbbreviationGAStateAbbreviationCd
ZIP312020001ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN580301471EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JACKSON ELECTRIC MEMBERSHIPBusinessNameLine1Txt
Business Name Line2CORPORATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlJACKBusinessNameControlTxt
Phone7063675281PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 38AddressLine1Txt
CityJEFFERSONCityNm
State AbbreviationGAStateAbbreviationCd
ZIP305490038ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonERNEST A CHIP JAKINS IIIPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone7063675281PhoneNum
Signature2020-11-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonH TERRELL MCMICHAEL JRPreparerPersonNm
PTINP01259982PTIN
Phone4787466277PhoneNum
Preparation2020-11-13PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address52.38.98.93IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-11-13IPDt
IP Tm08:35:43IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id25F9B7C04C37FA469521EEC6F4E14D36AC5D002AAtSubmissionCreationDeviceId
At Submission Filing Device Id08308FA3D42BEC8035D4B0ED7157EB2B10D2396BAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-01-07 14:23:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerERNEST A CHIP JAKINS IIIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 38AddressLine1Txt
CityJEFFERSONCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30549ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$612,612,090GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1938FormationYr
Legal Domicile StateGALegalDomicileStateCd
Activity Or MissionTO 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.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee501TotalEmployeeCnt
Total Gross UBI$2,120,272TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$134,916NetUnrelatedBusTxblIncmAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$577,857,521PYProgramServiceRevenueAmt
CY Program Service Revenue$601,263,533CYProgramServiceRevenueAmt
PY Investment Income$8,434,662PYInvestmentIncomeAmt
CY Investment Income$9,228,285CYInvestmentIncomeAmt
PY Other Revenue$1,906,168PYOtherRevenueAmt
CY Other Revenue$2,120,272CYOtherRevenueAmt
PY Total Revenue$588,198,351PYTotalRevenueAmt
CY Total Revenue$612,612,090CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$34,433,734PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$37,375,031CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$903,820PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$989,974CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$552,860,797PYOtherExpensesAmt
CY Other Expenses$574,247,085CYOtherExpensesAmt
PY Total Expenses$588,198,351PYTotalExpensesAmt
CY Total Expenses$612,612,090CYTotalExpensesAmt
CY Revenues Less Expenses$0CYRevenuesLessExpensesAmt
Total Assets BOY$1,090,188,002TotalAssetsBOYAmt
Total Assets EOY$1,129,645,634TotalAssetsEOYAmt
Total Liabilities BOY$620,524,867TotalLiabilitiesBOYAmt
Total Liabilities EOY$609,719,160TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$469,663,135NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$519,926,474NetAssetsOrFundBalancesEOYAmt
MissionTO 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.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescN/ADesc
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstYes (true)ReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document283IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee501EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Members And Shr Gross Income$584,237,001MembersAndShrGrossIncomeAmt
Other Sources Gross Income$9,342,348OtherSourcesGrossIncomeAmt
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JACKSON EMCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7063675281PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1850 COMMERCE ROADAddressLine1Txt
CityJEFFERSONCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30549ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
OTIS JONES
CHAIRMAN5.00Yes (X)Yes (X)$47,561$0$0
RODNEY CHANDLER
VICE CHAIRMA4.00Yes (X)Yes (X)$44,940$0$0
LYNN PRICE
SECRETARY/TR4.00Yes (X)Yes (X)$38,690$0$0
CHARLES B STEELE
DIRECTOR3.00Yes (X)$28,686$0$0
JOHN MITCHELL
DIRECTOR3.00Yes (X)$24,500$0$0
BILL E CARPENTER
DIRECTOR3.00Yes (X)$23,686$0$0
STEVE BLAIR
DIRECTOR3.00Yes (X)$20,500$0$0
SHADE STOREY
DIRECTOR3.00Yes (X)$14,000$0$0
ALTON THORNTON
DIRECTOR3.00Yes (X)$12,000$0$0
ERNEST A CHIP JAKINS III
PRESIDENT &50.00Yes (X)$563,510$0$171,902
GREG S KEITH
CFO50.00$413,870$0$155,322Yes (X)
ROY A STOWE
COO50.00$411,814$0$122,051Yes (X)
JOSEPH L DOROUGH
VP-ENGINEERI50.00$298,098$0$120,811Yes (X)
PRESTON L CHAPMAN
VP-MKT MS/GO50.00$280,894$0$119,664Yes (X)
AMY W ROUSE
VP-FINANCE /50.00$271,210$0$99,430Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,493,959TotalReportableCompFromOrgAmt
Total Other Compensation$789,180TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K76IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
PIKE ELECTRIC LLC
PO BOX 746308ATLANTAGA303746308LINE CONST.$9,854,382
EXELON CORPORATION
8TH FLOORBALTIMOREMD21231ENERGY SERVICES$4,158,000
MCALLISTER TREE SERVICE LLC
PO BOX 242CORNELIAGA30531RIGHT-OF-WAY$3,138,205
TOWNSEND
PO BOX 7015MUNCIEIN47308RIGHT-OF-WAY$2,510,221
SOUTHERN UTILITY PARTNERS
1480 JEFFERSON AVEBOGARTGA30622UTILITY SERVICE$492,670
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K12CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ELECTRIC ENERGY REVENUE221000$584,237,001$584,237,001
G & T CAPITAL CREDITS221000$12,810,380$12,810,380
POLE RENTAL221000$3,656,657$3,656,657
OTHER CAPITAL CREDITS221000$559,495$559,495
FieldValueIRS element (for citing)
Total Program Service Revenue$601,263,533TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,228,285TotalRevenueColumnAmt
Exclusion$9,228,285ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescCOOPERATIVE CHOICE, LLCDesc
Business900001BusinessCd
Total Revenue Column$2,120,272TotalRevenueColumnAmt
Unrelated Business Revenue$2,120,272UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Other Revenue Total$2,120,272OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$612,612,090TotalRevenueColumnAmt
Related Or Exempt Func Income$601,263,533RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$2,120,272UnrelatedBusinessRevenueAmt
Exclusion$9,228,285ExclusionAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$37,375,031TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$989,974TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,282,556TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$21,688,605TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$37,478,298TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
PURCHASED POWER$426,799,993
DISTRIBUTION MAINTENANCE$20,945,532
ADMIN. & GENERAL EXP.$19,689,016
CONSUMER ACCOUNTS$18,602,046

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$26,761,039TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$612,612,090TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$3,672,375BOYAmt
EOY$5,709,193EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$108,338,938BOYAmt
EOY$81,983,265EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$38,474,630BOYAmt
EOY$62,485,360EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$12,550,686BOYAmt
EOY$15,238,447EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$2,293,849BOYAmt
EOY$2,979,285EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,118,033,850LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$353,233,519LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$741,102,946BOYAmt
EOY$764,800,331EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$183,601,666BOYAmt
EOY$196,391,627EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$152,912BOYAmt
EOY$58,126EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,090,188,002BOYAmt
EOY$1,129,645,634EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$114,229,648BOYAmt
EOY$60,926,102EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$427,690,045BOYAmt
EOY$455,664,915EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$78,605,174BOYAmt
EOY$93,128,143EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$620,524,867BOYAmt
EOY$609,719,160EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$3,584,385BOYAmt
EOY$3,691,385EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$466,078,750BOYAmt
EOY$516,235,089EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$469,663,135BOYAmt
EOY$519,926,474EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,090,188,002BOYAmt
EOY$1,129,645,634EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$0ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$50,263,339OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,152,132OtherCostOrOtherBasisAmt
Book Value$6,152,132BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,111,881,718OtherCostOrOtherBasisAmt
Depreciation$353,233,519DepreciationAmt
Book Value$758,648,199BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$764,800,331TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (16 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
OPC$139,608,030C
GTC$36,790,366C
CFC CTC'S$5,620,799C
COOPERATIVE CHOICE$4,103,988C
CFC PATRONAGE CAPITAL$3,242,141C
SEWELL CREEK$2,000,614C
GRESCO$1,931,806C
FEDERATED$1,386,726C
SMARR EMC$1,311,828C
OTHER$238,379C
NISC$64,747C
NRTC$36,204C
GSOC$30,115C
CRC$12,500C
GREEN POWER$12,425C
COBANK$959C
FieldValueIRS element (for citing)
Total Book Value Program Rltd$196,391,627TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
ACC. PROV. FOR POSTRETIREMENT$61,305,058
DEFERRED CREDITS$19,213,888
CONSUMER DEPOSITS$12,609,197
FieldValueIRS element (for citing)
Total Liability$93,128,143TotalLiabilityAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PAGE 4, PART XIIIFormAndLineReferenceDesc
ExplanationTHE CORPORATION'S FINANCIAL STATEMENTS WERE AUDITED AS OF MAY 31, 2019 AND 2018.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (true)SupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtBonus Filing OrganizationBonusFilingOrganizationAmountOther Compensation Filing OrgOtherCompensationFilingOrgAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmt
ERNEST A CHIP JAKINS III
PRESIDENT & CEO$550,728$270$12,512$137,431$34,471$735,412
GREG S KEITH
CFO$394,999$850$18,021$129,965$25,357$569,192
ROY A STOWE
COO$395,040$870$15,904$102,035$20,016$533,865
JOSEPH L DOROUGH
VP-ENGINEERING/OPER$283,919$770$13,409$87,139$33,672$418,909
PRESTON L CHAPMAN
VP-MKT MS/GOVT AFFRS$267,721$790$12,383$86,298$33,366$400,558
AMY W ROUSE
VP-FINANCE / ACCTG$259,919$210$11,081$65,301$34,129$370,640

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE J, PART IIIFormAndLineReferenceDesc
ExplanationTHE 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. 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.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 6THE ORGANIZATION HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS PART OF THIS RETURN.
FORM 990, PAGE 6, PART VI, LINE 7ATHE 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 7BCERTAIN 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 11BFORM 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 12CTHE 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 15ACOMPENSATION 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 15BCOMPENSATION 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 19THE 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 9PATRONAGE CAPITAL 37,375,031 MEMBERSHIP FEES 107,000 ASC 606 RECOGNITION - UNBILLED REVENUE 24,235,150 UNCLAIMED CAPITAL CREDITS 2,212,821 CAPITAL CREDIT RETIREMENTS -13,600,310 DONATED CAPITAL -66,353 TOTAL 50,263,339

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