Jones-Onslow Electric Membership Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 560283268 ✦ Jacksonville, NC ✦ Designated as a 501(c)(12)

Overview

What is Jones-Onslow Electric Membership Corporation?

Jones-Onslow Electric Membership Corporation (JOEMC) is a North Carolina-based rural electric cooperative that provides electric services to approximately 75,000 members. With a commitment to safe and effective electricity distribution, they have a workforce of 188 employees. The organization's primary functions, as indicated by their expenses, are the cost of power, other salaries and wages, and depreciation. These investments ensure the reliable delivery of electricity to their member base.


Official website here: www.joemc.com

Is Jones-Onslow Electric Membership Corporation legitimate?

Jones-Onslow Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Jones-Onslow Electric Membership Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $3,447,019
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,626,842

For more financial information, click here


Official website here: www.joemc.com

What is the mission statement of Jones-Onslow Electric Membership Corporation?

The Jones-Onslow Electric Membership Corporation is dedicated to ensuring the safe and effective delivery of electricity to its approximately 75,000 members. As a rural electric cooperative, its primary mission is to provide reliable electric services to its community. The corporation's significant program expenses include the cost of power, salaries and wages, and depreciation, which are all essential components in maintaining and improving the electricity infrastructure for its members. Through its operations, the corporation strives to ensure a consistent power supply and foster a sustainable energy landscape for the communities it serves.


Official website here: www.joemc.com

Who is the CEO of Jones-Onslow Electric Membership Corporation?

Michelle Hefner is the Cueo of Jones-Onslow Electric Membership Corporation. The CEO's salary of Jones-Onslow Electric Membership Corporation is $605,866 and their total compensation is $645,659.


Official website here: www.joemc.com

What is the revenue of Jones-Onslow Electric Membership Corporation?

Jones-Onslow Electric Membership Corporation's revenue in 2022 was $152,637,282.


Official website here: www.joemc.com

Who are the executives of Jones-Onslow Electric Membership Corporation and what are their salaries?

The average compensation at Jones-Onslow Electric Membership Corporation during 2022 was $90,818. There are 188 employees at Jones-Onslow Electric Membership Corporation.

Here are 23 key members and their salaries (Jones-Onslow Electric Membership Corporation's CEO's salary is $605,866 and their total compensation is $645,659):

    Thomas Pritchard (Cueo)
  • Compensation: $698,160
  • Related: $0
  • Other: $2,609

    • Jeffery T Clark (Ceo)
  • Compensation: $605,866
  • Related: $0
  • Other: $39,793

    • Andrea Avery (Vp Hr)
  • Compensation: $186,315
  • Related: $0
  • Other: $284,793

    • Michelle Hefner (Vp Fin & Acc)
  • Compensation: $218,400
  • Related: $0
  • Other: $183,178

    • Jeff Allen (Vp Operation)
  • Compensation: $191,954
  • Related: $0
  • Other: $197,799

    • Wanda Jones (Vp Commercia)
  • Compensation: $217,798
  • Related: $0
  • Other: $30,319

    • Andy Shepard (Vp Tech Stra)
  • Compensation: $174,359
  • Related: $0
  • Other: $61,423

    • Carrie Peters (Vp Info Tech)
  • Compensation: $202,068
  • Related: $0
  • Other: $32,940

    • Steve Goodson (Vp Energy Sv)
  • Compensation: $207,185
  • Related: $0
  • Other: $20,071

    • Devin Costa (Vp It)
  • Compensation: $152,248
  • Related: $0
  • Other: $56,306

    • Ricky Maready (District Vp)
  • Compensation: $165,066
  • Related: $0
  • Other: $33,408

    • Barbara Silliman-Marshburn (Dispatch Man)
  • Compensation: $160,821
  • Related: $0
  • Other: $17,105

    • Jeffrey Hudson (Coo)
  • Compensation: $136,624
  • Related: $0
  • Other: $19,319

    • John L Pierce (Chairman) [Trustee/Director]
  • Compensation: $31,806
  • Related: $0
  • Other: $0

    • Brandon Todd Howard (Director)
  • Compensation: $27,806
  • Related: $0
  • Other: $0

    • Nelson Earl Burgess (Director)
  • Compensation: $24,806
  • Related: $0
  • Other: $0

    • Robert L Daughety (Director)
  • Compensation: $22,525
  • Related: $0
  • Other: $0

    • Michael Chad Meadows (Director)
  • Compensation: $22,072
  • Related: $0
  • Other: $0

    • Iris Horne (Director)
  • Compensation: $20,621
  • Related: $0
  • Other: $0

    • Thomas D Waller (Vice Chairma) [Trustee/Director]
  • Compensation: $20,425
  • Related: $0
  • Other: $0

    • Douglas C Parker (Director)
  • Compensation: $19,970
  • Related: $0
  • Other: $0

    • Cecil S Hargett Jr (Secretary/Tr) [Trustee/Director]
  • Compensation: $19,086
  • Related: $0
  • Other: $0

    • Dale Powell (Director)
  • Compensation: $16,421
  • Related: $0
  • Other: $0


  • Official website here: www.joemc.com

    Where can I find the form 990 for Jones-Onslow Electric Membership Corporation?

    The Jones-Onslow Electric Membership Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.joemc.com

    Learn more at the official website: www.joemc.com

    Mission Statement of Jones-Onslow Electric Membership Corporation

    Jones-Onslow Electric Membership Corporation (JOEMC) is dedicated to delivering safe and efficient electric services to its approximately 75,000 members. This rural electric cooperative puts great emphasis on providing reliable electricity to enhance the daily lives of its members.

    With a mission centered around safety and effectiveness, JOEMC invests substantial resources in various program services. One of the most significant areas of expenditure is the cost of power, which totals 98.49 million dollars. This substantial investment ensures a consistent power supply for the community, enabling them to carry out their daily activities with minimal interruptions.

    Moreover, JOEMC also allocates considerable resources towards employee compensation, with other salaries and wages amounting to 13.63 million dollars. This investment in its workforce not only ensures a skilled and motivated team but also contributes to the local economy.

    Lastly, a significant portion of the budget is allocated towards depreciation, which stands at 13.22 million dollars. This allocation reflects the cooperative's commitment to maintaining and upgrading its infrastructure, ensuring that the electric services delivered remain top-notch. In summary, Jones-Onslow Electric Membership Corporation's mission revolves around providing safe and effective electric services to its members, investing in its workforce, and maintaining a robust infrastructure.

    Impact

    This information is meant to be a general summary of Jones-Onslow Electric Membership Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Jones-Onslow Electric Membership Corporation's impact is significant as it plays a crucial role in the safe and effective distribution of electricity to approximately 75,000 members. By providing reliable electric services, JOEMC ensures that households and businesses in rural areas have access to essential power resources. This enables economic growth, enhances quality of life, and fosters community development in the regions it serves. Additionally, JOEMC's mission to deliver electricity in a safe and efficient manner underscores its commitment to public benefit and the well-being of its members.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $201,458
  • Program Service Revenue: $152,163,171
  • Gross Receipts: $152,672,960

    • Assets and Liabilities:
  • Total Assets: $364,024,262
  • Total Liabilities: $187,887,721
  • Net Assets: $176,136,541
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ELECTRIC SALES

    Revenue

    $149,498,207

    CIAC

    Revenue

    $2,118,477

    CAPITAL CR. - CASH REC.

    Revenue

    $545,687

    OTHER

    Revenue

    $800

    Organization Details

    Founding Year

    1939

    Principal Officer

    Michelle Hefner

    Main Address

    259 WESTERN BOULEVARD, JACKSONVILLE, NC, 28546

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Jones-Onslow Electric Membership Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.