2019-11-13T13:11:28-06:00 2018-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2018-01-01 560283268 JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION JONE 9103531940 259 WESTERN BOULEVARD JACKSONVILLE NC 28546 MICHELLE HEFNER VP FIN & ACCT 9103531940 2019-10-11 true G STEVEN GILLIAM CPA P00348264 8043231313 2019-11-06 72.84.234.34 2019-11-13 13:11:28 CS P A38C500A137E87FB684E3EE204C6EE02D152B08E 61A6FECD8215AA087FF7745E3D605B7EF8D8F4B6 2018 2020-03-31 21:24:44Z MICHELLE HEFNER 259 WESTERN BOULEVARD JACKSONVILLE NC 28546 156227199 false X WWW.JOEMC.COM X 1939 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF JOEMC 10 10 213 89622 9883863 133055865 145596247 19338 345901 407245 401188 133482448 156227199 0 4686479 7102910 19270784 20757996 0 0 107607098 125918281 131564361 153779187 1918087 2448012 313056237 324014553 186304022 187701833 126752215 136312720 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF JOEMC false false RURAL ELECTRIC COOPERATIVE PROVIDING ELECTRIC SERVICES TO APPROXIMATELY 75,000 MEMBERS. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 94,991,178 OTHER SALARIES AND WAGES 13,595,662 DEPRECIATION 10,834,452 false false false false false false false false false true false true false true true true 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 48 0 true 213 true true true false false false false 143781141 12127528 false false false X 10 10 false false false false true true true true true false true true true true true true true true true true false NC X MICHELLE HEFNER 9103531940 259 WESTERN BOULEVARD JACKSONVILLE NC 28546 X JOHN L PIERCE CHAIRMAN 6.00 X X 43960 0 0 BRANDON TODD HOWARD DIRECTOR 3.00 X 32403 0 0 IRIS HORNE DIRECTOR 5.00 X 31270 0 0 DOUGLAS C PARKER DIRECTOR 3.00 X 30644 0 0 NELSON EARL BURGESS DIRECTOR 2.50 X 29260 0 0 DALE POWELL DIRECTOR 2.50 X 29205 0 0 CECIL S HARGETT JR SECRETARY/TR 3.50 X X 25647 0 0 ROBERT L DAUGHETY DIRECTOR 3.00 X 25394 0 0 MICHAEL CHAD MEADOWS DIRECTOR 2.50 X 22925 0 0 THOMAS D WALLER VICE CHAIRMA 3.00 X X 21894 0 0 THOMAS PRITCHARD CUEO 40.00 X 901866 0 30506 JEFFERY T CLARK CEO 40.00 X 529143 0 38078 MICHELLE HEFNER VP FIN & ACC 40.00 X 187896 0 154519 WANDA JONES VP COMMERCIA 40.00 X 204869 0 143926 STEVE GOODSON VP ENERGY SV 40.00 X 200176 0 188986 CARRIE PETERS VP IT 40.00 X 195249 0 187341 RICKY MAREADY DISTRICT VP 40.00 X 172709 0 32262 BARBARA SILLIMAN-MARSHBURN DISPATCH MAN 40.00 X 155193 0 23692 WANDA JARMAN OFFICE MANAG 40.00 X 151184 0 22739 2990887 822049 39 false true false LINETEC SERVICES LLC PO BOX 13650 ALEXANDRIA LA 71315 CONTRACT CREWS 3367780 DAVEY TREE EXPERT COMPANY PO BOX 709 KENT OH 44240 RIGHT OF WAY 1762009 SUMTER UTILITES PO BOX 579 SUMTER SC 29151 CONTRACT CREWS 1575352 VOLT POWER LLC 3434 KILDAIRE FARM RD SUITE 395 CARY NC 27518 CONTRACT CREWS 1160863 RIVER CITY CONSTRUCTION INC PO BOX 1420 WASHINGTON NC 27889 CONTRACT CREWS 948885 22 9883863 9883863 ELECTRIC SALES 221000 143781141 143781141 CIAC 221000 1246212 1246212 CAPITAL CR. - CASH REC. 221000 561930 561930 OTHER 221000 6964 6964 145596247 319601 319601 220764 220764 220764 220764 26300 26300 26300 26300 GAIN (LOSS) ON EQUITY INV 90802 90802 PRINT & DISPATCH SERVICES 561000 44250 44250 BILLING SERVICES 900099 39414 39414 5958 5958 180424 156227199 145687049 89622 566665 X 7102910 2483405 13595662 2443415 924862 1310652 61996 3216476 418534 4403532 10834452 COST OF POWER 94991178 ADMIN & GENERAL 3897836 MAINTENANCE 3593256 CONSUMER ACCOUNTS 2863379 1637642 153779187 0 0 0 4577427 4093817 566151 641372 21063895 27154477 1575289 989349 3551412 2898328 5417592 1705390 361684051 107557884 247051418 254126167 1694900 1462579 874590 965392 26683563 29977682 313056237 324014553 14283540 14266860 135525132 140189689 36495350 33245284 186304022 187701833 X 126752215 136312720 126752215 136312720 313056237 324014553 X 2448012 7112493 X false true X true true true 1160534 1160534 7315261 2901637 4413624 21228952 16979687 4249265 331979304 87676560 244302744 254126167 PATRONAGE CAPITAL IN ASSOCIATED ORG 27649584 C CAPITAL TERM CERTIFICATES - CFC 2314973 C MEMBERSHIP FEES 13125 C 29977682 APBO 16161608 DEFERRED CREDITS 12400850 CONSUMER DEPOSITS 3484463 OTHER 992464 UNAMORTIZED GAIN ON DEBT 205899 33245284 X 148229621 3294119 3294119 144935502 11291697 11291697 156227199 136678231 43101 43101 136635130 17144057 17144057 153779187 SCHEDULE D, PAGE 3, PART X THE CORPORATION FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE CORPORATION HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. SCHEDULE D, PAGE 4, PART XI, LINE 2D NONCASH PAT. CAPITAL ALLOC. ADJ 3,294,119 SCHEDULE D, PAGE 4, PART XI, LINE 4B CONTR IN AID OF CONSTRUCTION 1,246,212 OTHER EXPENSES NETTED AGAINST REV 157,284 FEMA 9,883,863 QUAL TRANSPORTATION FRINGE BENEFITS 4,338 SCHEDULE D, PAGE 4, PART XII, LINE 2D BOOK/TAX DIFFERENCE ON OTHER INCOME 43,101 SCHEDULE D, PAGE 4, PART XII, LINE 4B OTHER EXPENSES NETTED AGAINST REV 157,284 PATRONAGE DIV PAID TO MEMBERS' ACCTS 7,102,910 FEMA 9,883,863 X X X X X false true false THOMAS PRITCHARD CUEO 230326 608369 63171 14211 16295 932372 JEFFERY T CLARK CEO 337056 135225 56862 19460 18618 567221 MICHELLE HEFNER VP FIN & ACCT 154315 6070 27511 144191 10328 342415 WANDA JONES VP COMMERCIAL OP 162583 6170 36116 127631 16295 348795 STEVE GOODSON VP ENERGY SVCS 161780 12770 25626 173442 15544 389162 CARRIE PETERS VP IT 158223 5720 31306 168723 18618 382590 RICKY MAREADY DISTRICT VP 140785 11370 20554 13644 18618 204971 BARBARA SILLIMAN-MARSHBURN DISPATCH MANAGER 125199 4520 25474 7397 16295 178885 WANDA JARMAN OFFICE MANAGER 124970 4770 21444 6444 16295 173923 SCHEDULE J, PAGE 1, PART I, LINE 4 THOMAS PRITCHARD 0 10,600 0 JEFFERY T. CLARK 0 18,000 0 MICHELLE HEFNER 0 6,600 0 WANDA JONES 0 6,600 0 CARRIE PETERS 0 6,600 0 FORM 990 990 PART 1 LINE 14 AND PART IX LINE 4 PATRONAGE DIVIDENDS PAID TO MEMBERS' ACCOUNTS WAS IN ACCORDANCE WITH THE PRE-EXISTING OBLIGATION OF JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION'S BY-LAWS. THE CORPORATION IS OBLIGATED TO PAY BY CREDITS TO A CAPITAL ACCOUNT FOR EACH PATRON ALL SUCH AMOUNTS IN EXCESS OF OPERATING COSTS AND EXPENSES. IRS INSTRUCTIONS FOR LINE 4 CHANGED IN 2011 TO INCLUDE PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS. FORM 990, PAGE 6, PART VI, LINE 6 JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION IS A MEMBER OWNED NONPROFIT COOPERATIVE ORGANIZED TO PROVIDE ELECTRIC SERVICE TO APPROXIMATELY 75,000 MEMBERS IN THE COUNTIES OF ONSLOW, JONES, DUPLIN, LENOIR, PENDER AND CRAVEN IN THE STATE OF NORTH CAROLINA FORM 990, PAGE 6, PART VI, LINE 7A ALL THE MEMBERS OF JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION RECEIVE ONE VOTE WITH RESPECT TO SELECTING THE CORPORATION'S BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B DECISIONS BY THE BOARD OF DIRECTORS ARE SUBJECT TO THE APPROVAL OF A MAJORITY OF THE MEMBERS FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 WAS PRESENTED AT A BOARD MEETING FOR DISCUSSION AND REVIEW FORM 990, PAGE 6, PART VI, LINE 12C JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH ITS WRITTEN CONFLICT OF INTEREST POLICY FORM 990, PAGE 6, PART VI, LINE 15A CEO COMPENSATION IS DETERMINED BY AN EXECUTIVE COMPENSATION COMMITTEE. A COMPARATIVE ANALYSIS OF COMPENSATION IS PERFORMED BY AN INDEPENDENT CONSULTANT AND IS USED IN DETERMINING COMPENSATION. THE MINUTES OF THE BOARD OF DIRECTORS SHOW APPROVAL OF THE COMPENSATION FOR THE CEO. AN INDEPENDENT CONSULTING FIRM ALSO REVIEWS OTHER HIGHER COMPENSATED OFFICERS AND KEY EMPLOYEES. THIS INFORMATION IS ASSESSABLE BY THE BOARD AND IS RECORDED IN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 15B CEO COMPENSATION IS DETERMINED BY AN EXECUTIVE COMPENSATION COMMITTEE. A COMPARATIVE ANALYSIS OF COMPENSATION IS PERFORMED BY AN INDEPENDENT CONSULTANT AND IS USED IN DETERMINING COMPENSATION. THE MINUTES OF THE BOARD OF DIRECTORS SHOW APPROVAL OF THE COMPENSATION FOR THE CEO. AN INDEPENDENT CONSULTING FIRM ALSO REVIEWS OTHER HIGHER COMPENSATED OFFICERS AND KEY EMPLOYEES. THIS INFORMATION IS ASSESSABLE BY THE BOARD AND IS RECORDED IN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 THE FINANCIAL STATEMENTS ARE MAILED TO EACH MEMBER AS PART OF THE ANNUAL REPORT AND THEY ARE AVAILABLE UPON REQUEST AT THE CORPORATE OFFICE LOCATED IN JACKSONVILLE FORM 990, PART VII PART VII SECTION A COLUMN F THE CORPORATION PARTICIPATES IN THE NRECA GROUP DEFINED PENSION PLAN. AS PART OF THIS PLAN, PARTICIPANTS ARE REQUIRED TO RECOGNIZE THE ACTUARIAL INCREASE IN THE VALUE OF THEIR ACCOUNT ON THE FORM 990. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THE PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE WITH ALL OTHER THINGS BEING EQUAL. FORM 990, PART XI, LINE 9 NONCASH PATRONAGE CAP ALLOC NOT REV PER IRS 3,294,119 PATRONAGE DIV PAID TO MEMBERS' ACCTS NOT EXP 7,102,910 CONTRIBUTIONS IN AID OF CONST NOT REV PER GAAP -1,246,212 RETIREMENT OF CAPITAL CREDITS -1,769,011 OTHER COMPREHENSIVE LOSS -221,874 BOOK/TAX DIFFERENCE ON OTHER INCOME -47,439 TOTAL 7,112,493