2025-07-25T11:38:18-04:00 2024-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2024-01-01 560229234 FRENCH BROAD ELECTRIC MEMBERSHIP CORPORATION FREN 8286492051 PO BOX 9 MARSHALL NC 28753 JOHN L CHANDLER PRESIDENT 8286492051 2025-07-01 true true G STEVEN GILLIAM CPA P00348264 8043231313 2025-07-23 2024 2025-03-06 01:10:19Z JOHN L CHANDLER PO BOX 9 MARSHALL NC 28753 87810431 false X FRENCHBROADEMC.COM X 1939 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO MEMBERS OF FRENCH BROAD EMC. 11 11 142 -87 2720979 4132185 80530051 82049161 343106 331285 1557284 1295913 85151420 87808544 0 3816189 455506 17009257 20120094 0 0 63121598 66312842 83947044 86888442 1204376 920102 167501334 201532362 112669546 148600567 54831788 52931795 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO MEMBERS OF FRENCH BROAD EMC. false false THE SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS OF FRENCH BROAD EMC. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES, ARE AS FOLLOWS: COST OF POWER: 34,509,977 DISTRIBUTION MAINTENANCE: 15,558,489 OTHER SALARIES AND WAGES: 13,089,618 false false false false false false false false false true false false false true true false false false false false false false false false false false false false true false false false true false false false false false false false false false false true 23 0 true 142 true true true false false false false 82382246 1087654 false false false X 11 11 false false false false true true true true true false true true true true true false false false true true false X PHYLLIS HOLT 8286492051 PO BOX 9 MARSHALL NC 28753 X JEFFERY LOVEN GENERAL MANA 50.00 X 431422 0 309368 GREGORY FOWLER DISTRICT MAN 50.00 X 239032 0 178425 PHYLLIS HOLT OFFICE MANAG 47.00 X 233235 0 172888 TRACY EVANS DISTRICT MAN 50.00 X 213162 0 189322 DONALD R WEBB ENG. & OPR. 52.00 X 192406 0 89104 REALIGH PEEK FIBER CREW L 56.00 X 181773 0 64132 HUGH R FLEMING OPERATIONS M 60.00 X 195560 0 27325 DEWEY R WILLS SERVICE TECH 59.00 X 170251 0 51865 WILLIAM ROBERTS LINE CREW LE 53.00 X 154371 0 49128 TOBY BRYANT LINE CREW LE 50.00 X 156827 0 39535 MARK SNELSON DIRECTOR 13.00 X 43707 0 0 GARY T WILDE TREASURER 13.00 X X 40926 0 0 JAMES M RAY VICE PRESIDE 13.00 X X 39207 0 0 JILL AUSTIN DIRECTOR 13.00 X 38807 0 0 JOHN L CHANDLER PRESIDENT 12.00 X X 37107 0 0 CHAD BRADLEY DIRECTOR 11.00 X 36807 0 0 PAUL BADGLEY DIRECTOR 12.00 X 36707 0 0 CARL RAMSEY DIRECTOR 11.00 X 35772 0 0 JERRY GRIFFITH DIRECTOR 11.00 X 35607 0 0 KEITH A KUHNE DIRECTOR 11.00 X 35570 0 0 GORDON RANDOLPH SECRETARY 13.00 X X 20446 0 0 2568702 1171092 71 false true false CVO ENTERPRISES INC 14 OLD CHARLOTTE HWY ASHEVILLE NC 28803 FIBER WORK 5115868 PHILLIPS & JORDAN 10142 PARKSIDE DRIVE KNOXVILLE TN 37922 UTILITY WORK 4675861 R & K TREE SERVICE 30 OLD MARS HILL HWY WEAVERVILLE NC 28787 RIGHT OF WAY 2969193 HERITAGE EXTERIOR MAINTENANCE PO BOX 1089 BURNSVILLE NC 28714 RIGHT OF WAY 2697448 HERITAGE TREE SERVICE PO BOX 1150 BURNSVILLE NC 28714 RIGHT OF WAY 2414646 17 4132185 4132185 SALE OF ELECTRICITY 221000 81294592 81294592 CIAC 221000 669216 669216 PATRONAGE ALLOCATIONS 221000 85353 85353 82049161 258143 258143 1800 1296000 1887 -87 1296000 1295913 -87 1296000 73142 73142 73142 73142 87808544 82049161 -87 1627285 X 455506 2649027 13089618 2545138 684401 1151910 9960 1740877 117105 3047720 11661181 COST OF POWER 34509977 DISTRIBUTION MAINTENANCE 15558489 DISTRIBUTION OPERATION 2917323 ADMIN AND GENERAL 1494060 -4743850 86888442 0 0 0 6047871 3944076 7874173 7371120 483900 771200 6286740 7391143 352915 22974845 290637290 136545896 143203270 154091394 2637572 2719521 614893 2269063 167501334 201532362 9721471 14916604 87260478 110966832 15687597 22717131 112669546 148600567 X 54831788 52931795 54831788 52931795 167501334 201532362 X 920102 -2820095 X false true X true true true 290637290 136545896 154091394 154091394 APBO 10122235 DEFERRED CREDITS 9659382 REGULATORY LIABILITIES 1932934 CONSUMER DEPOSITS 1002580 22717131 X 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 ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. X X false false false JEFFERY LOVEN GENERAL MANAGER 426256 220 4946 283751 25617 740790 GREGORY FOWLER DISTRICT MANAGER 234675 210 4147 154333 24092 417457 PHYLLIS HOLT OFFICE MANAGER 228138 195 4902 148739 24149 406123 TRACY EVANS DISTRICT MANAGER 211238 210 1714 165290 24032 402484 DONALD R WEBB ENG. & OPR. MGR. 191594 162 650 65749 23355 281510 REALIGH PEEK FIBER CREW LEADER 180138 188 1447 41954 22178 245905 HUGH R FLEMING OPERATIONS MGR 188697 269 6594 3814 23511 222885 DEWEY R WILLS SERVICE TECHNICIAN 168777 190 1284 29878 21987 222116 WILLIAM ROBERTS LINE CREW LEADER 153693 179 499 27177 21951 203499 TOBY BRYANT LINE CREW LEADER 156149 135 543 17384 22151 196362 JAMES RAY WINTER STAR CO PRESIDENT ECON. DEV. LOAN. false SCHEDULE L, PART V JAMES RAY IS PRESIDENT OF WINTER STAR COMPANY. THE ORGANIZATION PROVIDED WINTER STAR COMPANY WITH A RURAL ECONOMIC DEVELOPMENT LOAN. THE LOAN BALANCE AT DECEMBER 31, 2024 WAS 166,000. FORM 990 FORM 990, PART IX, LINE 4 BENEFITS PAID TO OR FOR MEMBERS PATRONAGE DIVIDENDS ARE CREDITED TO MEMBERS' ACCOUNTS IN ACCORDANCE WITH THE PRE-EXISTING OBLIGATION IN COOPERATIVE'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. PATRONAGE DIVIDENDS OF SECTION 501(C)(12) ORGANIZATIONS ARE REPORTED ON LINE 4. FORM 990, PAGE 6, PART VI, LINE 6 FRENCH BROAD ELECTRIC MEMBERSHIP CORPORATION IS AN ELECTRIC MEMBERSHIP CORPORATION THAT DELIVERS ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. THE MEMBERS ELECT THE BOARD OF DIRECTORS, WHICH COMPRISE THE GOVERNING BODY OF THE CORPORATION. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS OF THE FRENCH BROAD ELECTRIC MEMBERSHIP CORPORATION RECEIVE ONE VOTE WITH RESPECT TO SELECTING THE CORPORATIONS'S BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS AS PROVIDED FOR IN ITS BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B ACCOUNTING PERSONNEL REVIEW THE 990 FOR ACCURACY BEFORE FURNISHING IT TO THE CHIEF EXECUTIVE OFFICER AND THE BOARD OF DIRECTORS FOR THEIR APPROVAL. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS SETS THE SALARY OF THE GENERAL MANAGER AND IS RESPONSIBLE FOR ANY JOB REVIEW OR INCREASE IN PAY. FORM 990, PAGE 6, PART VI, LINE 15B THE GENERAL MANAGER IS RESPONSIBLE FOR THE JOB REVIEW OF EACH UPPER MANAGEMENT POSITION. THIS REVIEW IS CONDUCTED AS DEEMED NECESSARY, AND MERIT RAISES ARE CONSIDERED BASED ON PAST JOB PERFORMANCE, ADDITIONAL RESPONSIBILITIES, AND THE FINANCIAL POSITION OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 19 ALL NEW MEMBERS ARE OFFERED THE OPPORTUNITY TO RECEIVE A COPY OF THE BYLAWS AND SERVICE RULES AND REGULATIONS WHEN THEY SIGN UP FOR SERVICE. THIS INFORMATION IS ALSO AVAILABLE ON THE FBEMC WEBSITE. A FINANCIAL REPORT IS MAILED TO EACH MEMBER EVERY YEAR IN THE ANNUAL MEETING NOTICE. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S HEADQUARTERS. FORM 990, PART VII INCLUDED IN FORM 990, PART VII, COLUMN (F) AND SCHEDULE J, PART II, COLUMN (C) IS THE ACTUARIAL INCREASE IN DEFINED BENEFIT PLANS. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN IS 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 PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. FORM 990, PART XI, LINE 9 PATRONAGE DIV PAID TO MEMB NOT EXP PER GAAP 455,506 NON-CASH PATRONAGE ALLOCATIONS 82,049 OTHER 26 CIAC NOT REVENUE PER GAAP -669,216 PATRONAGE CAPITAL RETIREMENTS -565,563 OCI -2,122,897 TOTAL -2,820,095