2023-09-12T07:44:57-05:00 2022-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2022-01-01 610193917 FLEMING-MASON ENERGY COOPERATIVE INC FLEM 6068452661 1449 ELIZAVILLE ROAD FLEMINGSBURG KY 41041 BRANDON HUNT PRESIDENT & CEO 6068452661 2023-09-08 1 BRANDON HUNT 999009999 1 TRAVIS C FRICK P01728213 5025830248 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRANDON HUNT 1449 ELIZAVILLE ROAD FLEMINGSBURG KY 41041 98170225 0 X N/A X 1938 KY PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF 25,475. 7 7 51 0 0 0 1077100 0 76716015 94358603 109454 46119 1564827 3765503 79467396 98170225 12000 10000 2316084 3292751 6170301 6135369 0 0 0 70969011 88732105 79467396 98170225 0 0 142667683 148749248 69499591 70744158 73168092 78005090 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 25,475 CONSUMERS MONTHLY. 0 0 98170225 97565542 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 25,475 CONSUMERS MONTHLY. 98170225 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 21 0 1 51 1 0 0 0 0 0 0 0 0 0 94879297 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X LAUREN FRITZ 6068452661 PO BOX 328 FLEMINGSBURG KY 41041 TOM SAUNDERS CHAIRMAN 6.00 X X 17206 0 0 SANDINA GOODING SEC/TREASURER 5.00 X X 16206 0 0 TIMOTHY S ELDRIDGE DIRECTOR 5.00 X 17206 0 0 RICK HORD DIRECTOR 6.00 X 16206 0 0 JOHN ROE VICE-CHAIR 20.00 X X 19206 0 0 REGINA ROSE DIRECTOR 5.00 X 16206 0 0 SHANE SMOOT DIRECTOR 5.00 X 16206 0 0 BRANDON HUNT CEO 40.00 X 138599 0 50630 257041 0 50630 1 0 1 0 W A KENDALL & CO INC PO BOX 831 LAWRENCEBURG GA 30046 ROW CLEARING 1126438 BOWLIN GROUP LLC 12200 CHANDLER DRIVE WALTON KY 41094 LINE CONSTRUCTION 771007 PROTECTERRALLC 4861 KEATS GROVE LANE LEXINGTON KY 40513 ROW MAINTENANCE 402952 OSMOSE UTILITIES SVCS INC PO BOX 736729 DALLAS TX 75373 POLE INSPECTION 128176 WARFIELD TECHNOLOGY GROUP 2901 RICHMOND RD STE 140-331 LEXINGTON KY 40509 IT SUPPORT 100304 5 ELECTRIC SERVICE 221000 94358603 94358603 94358603 46119 46119 G&T CAPITAL CREDITS 221000 2991661 2991661 JOINT USE POLE ATTACHMENT 221000 520694 520694 CAPITAL CREDITS ASOOC ORG 221000 215278 215278 37870 37870 3765503 98170225 97565542 0 604683 10000 3292751 257041 4093711 641285 830177 313155 31151 17225 239606 1189399 4183689 229060 COST OF POWER 80627507 DISTRIBUTION - MAINTENA 3720990 DISTRIBUTION - OPERATIO 1828772 ADMINISTRATIVE AND GENE 1611964 -4947258 98170225 597740 1118466 10600547 10176692 490711 691063 220449 1566485 125011132 48360805 73782573 76650327 56123626 57942657 852037 603558 142667683 148749248 8404470 8616208 46216962 45745650 14878159 16382300 69499591 70744158 X 249880 254935 -2626727 -784188 75544939 78534343 73168092 78005090 142667683 148749248 X 0 4836998 X X 0 1 X 1 0 125011132 48360805 76650327 76650327 INVESTMENT IN ASSOCIATED ORGANIZATIONS 57942657 F 57942657 PENSION & POST RETIREMENT BENEFITS 4282456 SHORT TERM BORROWINGS 7800000 CONSUMER DEPOSITS 657046 ACCRUED EXPENSES 3538489 CONSUMER ENERGY PREPAYMENTS 104309 16382300 X 98170225 0 98170225 0 98170225 98170225 0 98170225 0 98170225 PART X, LINE 2: FLEMING-MASON IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(12). ACCORDINGLY, THE FINANCIAL STATEMENTS FOR FLEMING-MASON INCLUDE NO PROVISION FOR INCOME TAXES. FLEMING-MASON'S ACCOUNTING POLICY PROVIDES THAT A TAX EXPENSE/BENEFIT FROM AN UNCERTAIN TAX POSITION MAY BE RECOGNIZED WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTIONS OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED ON THE TECHNICAL MERITS. MANAGEMENT BELIEVES FLEMING-MASON HAS NO UNCERTAIN TAX POSITIONS RESULTING IN AN ACCRUAL OF TAX EXPENSE OR BENEFIT. FLEMING-MASON RECOGNIZES INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. FLEMING-MASON DID NOT RECOGNIZE ANY INTEREST OR PENALTIES DURING THE YEARS ENDED DECEMBER 31, 2022 AND 2021. FLEMING-MASON'S INCOME TAX RETURN IS SUBJECT TO POSSIBLE EXAMINATION BY TAXING AUTHORITIES UNTIL THE EXPIRATION OF RELATED STATUES OF LIMITATIONS ON THE RETURN, WHICH IS GENERALLY THREE YEARS. 1 SCHOLARSHIPS 10 10000 FORM 990, SCHEDULE I, PART I, LINE 2 CANDIDATE MUST BE FROM FLEMING-MASON ENERGY SERVICE AREA AND THEIR PARENT OR LEGAL GUARDIAN MUST HAVE A RESIDENTIAL OR BUSINESS ACCOUNT WITH FLEMING-MASON ENERGY. APPLICANT MUST BE ENROLLED OR PLANNING TO ENROLL IN AN ACCREDITED EDUCATIONAL OR TRAINING INSTITUTION. ALL CANDIDATES MUST AGREE TO APPEAR AT THE FLEMING-MASON ENERGY'S ANNUAL MEETING. THE APPLICANT CANNOT BE A MEMBER OF THE IMMEDIATE FAMILY OR RESIDE IN THE SAME HOUSEHOLD OF AN EMPLOYEE OR DIRECTOR OF FLEMING-MASON ENERGY, ITS SUBSIDIARY, OR ITS POWER SUPPLIER, EAST KENTUCKY POWER COOPERATIVE. 0 0 0 BRANDON HUNT CEO 138599 0 0 0 0 0 0 0 50630 0 189229 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MUST BE A MEMBER TO RECEIVE ELECTRIC SERVICE. EACH MEMBER HAS ONE VOTE. MAY HAVE MORE THAN ONE SERVICE PER MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A NOMINATING COMMITTEE MEETS EVERY YEAR TO SELECT MEMBER TO RUN FOR DIRECTOR. MEMBER MAY RUN FOR DIRECTOR WITH PETITION SIGNED BY 100 MEMBERS AND AN AFFIDAVIT OF QUALIFICATION SIGNED BY THE NOMINEE. FORM 990, PART VI, SECTION A, LINE 7B ARTICLES OF INCORPORATION CAN ONLY BE CHANGED BY A MAJORITY OF THE MEMBERSHIP. BYLAWS MAY BE ALTERED, AMENDED, OR REPEALED BY THE BOARD OF DIRECTORS AT ANY REGULAR OR SPECIAL BOARD MEETING, PROVIDED THE NOTICE OF THE MEETING SHALL HAVE CONTAINED A COPY OF THE PROPOSED ALTERATION, AMENDMENT, OR REPEAL. FORM 990, PART VI, SECTION B, LINE 11B DIRECTORS ARE FURNISHED A DRAFT COPY OF THE FORM 990 PRIOR TO FILING. THE DIRECTORS MAY MAKE INQUIRIES, AND CHANGES TO THE INFORMATION CONTAINED IN THE FILING. ADDITIONALLY, DIRECTORS MEET WITH THE INDEPENDENT AUDITOR AND ARE ABLE TO ASK QUESTIONS AT THAT TIME. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND KEY EMPLOYEES ANNUALLY COMPLETE QUESTIONNAIRE ON FAMILY AND BUSINESS RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 15 LINE 15 (A) AND (B) BOARD OF DIRECTORS REVIEW AND APPROVE COMPENSATION OF TOP MANAGEMENT, KEY EMPLOYEES, AND OTHERS USING DATA PROVIDED BY STATE AND NATIONAL ORGANIZATION SURVEYS OF ELECTRIC COOPERATIVES. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE BYLAWS AND A STATEMENT OF NONDISCRIMINATION ARE GIVEN TO EACH NEW MEMBER. BYLAWS AND FINANCIAL STATEMENTS ARE PUBLISHED ANNUALLY IN NEWSLETTER MAILED TO EACH MEMEBER. AN ANNUAL MEMBERSHIP MEETING IS HELD WITH ALL MEMBERS INVITED TO ATTEND. FORM 990, PART XI, LINE 9: ACCUMULATED COMPREHENSIVE INCOME 1,842,539. MARGINS ALLOCATED TO MEMBERS 3,292,751. MEMBERSHIPS ISSUED 5,055. OTHER EQUITIES -13,711. REFUNDS OF CAPITAL CREDITS -289,636. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR. 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