2023-10-23T11:22:44-04:00 2022-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2022-01-01 580301471 JACKSON ELECTRIC MEMBERSHIP CORPORATION JACK 7063675281 PO BOX 38 JEFFERSON GA 305490038 ERNEST A CHIP JAKINS III PRESIDENT & CEO 7063676115 2023-10-19 true ERNEST A JAKINS III XXX-XX-XXXX false H TERRELL MCMICHAEL JR P01259982 4787466277 2023-10-23 2022 2023-04-26 12:10:37Z ERNEST A CHIP JAKINS III PO BOX 38 JEFFERSON GA 30549 690430146 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 9 522 2404551 0 613945012 685776968 540138 1777060 2235295 2876118 616720445 690430146 0 46488884 44488472 1077725 1207054 0 0 569153836 644734620 616720445 690430146 0 1224303203 1306228327 662144892 720377713 562158311 585850614 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 346 0 true 522 true true true false false false false 664063475 2331585 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 46774 0 0 RODNEY CHANDLER VICE CHAIRMA 4.00 X X 48209 0 0 LYNN PRICE SECRETARY/TR 4.00 X X 44709 0 0 CHARLES B STEELE DIRECTOR 3.00 X 26825 0 0 BILL E CARPENTER DIRECTOR 3.00 X 17649 0 0 STEVE BLAIR DIRECTOR 3.00 X 27500 0 0 JOHN MITCHELL DIRECTOR 3.00 X 24125 0 0 SHADE STOREY DIRECTOR 3.00 X 16500 0 0 ALTON THORNTON DIRECTOR 3.00 X 15500 0 0 SARAH MCKINNEY DIRECTOR 3.00 X 8000 0 0 ERNEST A CHIP JAKINS III PRESIDENT & 50.00 X 719518 0 211745 GREG S KEITH CFO 50.00 X 788599 0 148605 ROY A STOWE COO 50.00 X 497796 0 133422 JOSEPH L DOROUGH VP-ENGINEERI 50.00 X 342360 0 130768 PRESTON L CHAPMAN EXEC VP/EXT 50.00 X 368083 0 127161 AMY W ROUSE EXEC VP/CORP 50.00 X 363298 0 116629 3355445 868330 147 false true false PIKE ELECTRIC LLC PO BOX 746308 ATLANTA GA 303746308 LINE CONST. 8013389 SOUTHERN FIBER COMPANY LLC 471 MEADOW LAKE TERRACE HOSCHTON GA 30548 CONSTRUCTION 3086737 THE TOWNSEND CORPORATION PO BOX 7015 MUNCIE IN 47308 RIGHT-OF-WAY 2089900 TOWNSEND PO BOX 7015 MUNCIE IN 47308 RIGHT-OF-WAY 2024376 SHOOK PROPERTY SOLUTIONS 2105 TRACE DRIVE MONROE GA 30655 RIGHT-OF-WAY 1029122 28 ELECTRIC ENERGY REVENUE 221000 664063475 664063475 G & T CAPITAL CREDITS 221000 16323855 16323855 POLE RENTAL 221000 3993825 3993825 OTHER CAPITAL CREDITS 221000 1395813 1395813 685776968 1777060 1777060 EQUITY IN EARNINGS OF SUBSIDI 900001 2404551 2404551 NON-OPERATING MARGINS-OTHER 440303 440303 DISPOSITION OF PROPERTY 30136 30136 1128 1128 2876118 690430146 682254710 2404551 5770885 44488472 1207054 875074 16170695 40768376 PURCHASED POWER 494031723 DISTRIBUTION MAINTENANCE 24618464 ADMIN. & GENERAL EXP. 19426023 CONSUMER ACCOUNTS 18032039 30812226 690430146 0 0 0 25165106 28465657 80499347 62000000 58479266 87671696 16794687 27665745 1352974 1396465 1272588311 416329237 817724369 856259074 223393878 242054279 893576 715411 1224303203 1306228327 56102566 74120202 512613046 544413243 93429280 101844268 662144892 720377713 X 3916960 4028135 558241351 581822479 562158311 585850614 1224303203 1306228327 X 0 23692303 X false true X true false 6976658 6976658 1265611653 416329237 849282416 856259074 OPC 176541911 C GTC 43362544 C CFC CTC'S 5324462 C COOPERATIVE CHOICE 4909249 C CFC PATRONAGE CAPITAL 3432759 C GRESCO 2730233 C SEWELL CREEK 2374084 C FEDERATED 1644542 C SMARR EMC 1401828 C NISC 181871 C OTHER 52080 C NRTC 35850 C GSOC 30115 C CRC 19144 C GREEN POWER 12425 C COBANK 1182 C 242054279 ACC. PROV. FOR POSTRETIREMENT 55402784 DEFERRED CREDITS 30762559 CONSUMER DEPOSITS 15678925 101844268 SCHEDULE D, PAGE 4, PART XIII THE CORPORATION'S FINANCIAL STATEMENTS WERE AUDITED AS OF MAY 31, 2022 AND 2021. X X X X X X false true false ERNEST A CHIP JAKINS III PRESIDENT & CEO 703280 480 15758 175576 36169 931263 GREG S KEITH CFO 454829 11560 322210 123079 25526 937204 296780 ROY A STOWE COO 450349 28580 18867 122685 10737 631218 JOSEPH L DOROUGH VP-ENGINEERING/OPER 318364 8480 15516 94599 36169 473128 PRESTON L CHAPMAN EXEC VP/EXT AFFRS 335533 18500 14050 101635 25526 495244 AMY W ROUSE EXEC VP/CORP AFFRS 333701 18022 11575 80460 36169 479927 SCHEDULE J, PAGE 1, PART I, LINE 4 GREG S. KEITH 0 296,780 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 2022 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 44,488,472 MEMBERSHIP FEES 111,175 UNCLAIMED CAPITAL CREDITS 169,822 CAPITAL CREDIT RETIREMENTS -15,000,587 DONATED CAPITAL -76,579 ASC 980 - REVENUE DEFERRAL -6,000,000 TOTAL 23,692,303