French Broad Electric Membership Corporation

Marshall, NC
Tax-exempt since Dec. 1966
EIN: 56-0229234

Receive an email when new data is available for this organization.

Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$85.2M (2023)

Expenses

$83.9M (2023)

Total Assets

$168M (2023)

Total Liabilities

$113M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Revenue

$85,151,420

Expenses

$83,947,044

Net Income

$1,204,376

Net Assets

$54,831,788

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,720,979	3.2%
Program Services	$80,530,051	94.6%
Investment Income	$329,481	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,556,860	1.8%
Net Fundraising	$0
Sales of Assets	$13,625	0.0%
Net Inventory Sales	$0
Other Revenue	$424	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,493,165	3.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$10,756,704	12.8%

Assets/Debt
Total Assets	$167,501,334
Total Liabilities	$112,669,546
Net Assets	$54,831,788

Club or Co-Op Income
Income From Members	$79,501,555
Income From Other Sources	$1,374,561

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery Loven (General Mana)	$415,034	$0	$288,036
Gregory Fowler (District Man)	$230,846	$0	$160,062
Tracy Evans (District Man)	$223,793	$0	$170,906
Phyllis Holt (Office Manag)	$223,782	$0	$163,130
Hugh R Fleming (Operations M)	$189,154	$0	$24,686
Donald R Webb (Eng. & Opr.)	$185,292	$0	$81,255
Dewey R Wills (Service Tech)	$157,873	$0	$46,942
Kelby R Cody (It Administr)	$137,852	$0	$49,971
Realigh Peek (Fiber Crew L)	$137,162	$0	$54,859
William Roberts (Line Crew Le)	$130,212	$0	$45,482
Gary T Wilde (Treasurer)	$40,716	$0	$0
John L Chandler (President)	$36,896	$0	$0
Jill Austin (Director)	$35,996	$0	$0
James M Ray (Vice Preside)	$35,996	$0	$0
Paul Badgley (Director)	$32,496	$0	$0
Carl Ramsey (Director)	$32,262	$0	$0
Keith A Kuhne (Director)	$32,060	$0	$0
Jerry Griffith (Director)	$31,796	$0	$0
Gordon Randolph (Secretary)	$20,036	$0	$0
Chad Bradley (Director)	$19,123	$0	$0
Mark Snelson (Director)	$19,023	$0	$0
Joseph G Justice (Former Presi)	$9,854	$0	$0
Charles R Tolley (Former Direc)	$4,775	$0	$0

+ View more people

990

Filed on Oct. 7, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Sept.
2023

Form 990 documents are not available for this tax period, but audit documents are available for download.

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2022

Revenue

$81,303,318

Expenses

$79,967,147

Net Income

$1,336,171

Net Assets

$53,282,953

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$4,533,784	5.6%
Program Services	$75,243,881	92.5%
Investment Income	$228,553	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,191,563	1.5%
Net Fundraising	$0
Sales of Assets	$105,219	0.1%
Net Inventory Sales	$0
Other Revenue	$318	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,498,696	3.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,941,246	12.4%

Assets/Debt
Total Assets	$156,310,357
Total Liabilities	$103,027,404
Net Assets	$53,282,953

Club or Co-Op Income
Income From Members	$74,092,420
Income From Other Sources	$1,486,511

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery Loven (General Mana)	$393,427	$0	$231,049
Gregory Fowler (District Man)	$217,992	$0	$213,699
Tracy Evans (District Man)	$213,442	$0	$207,025
Phyllis Holt (Office Manag)	$213,228	$0	$184,627
Hugh R Fleming (Operations M)	$180,039	$0	$23,257
Donald R Webb (Eng. & Opr.)	$176,791	$0	$110,515
Dewey R Wills (Service Tech)	$149,717	$0	$56,380
Kelby R Cody (It Administr)	$131,914	$0	$62,889
Realigh Peek (Fiber Crew L)	$130,439	$0	$66,458
Jackie Buchanan (Service Tech)	$126,279	$0	$65,906
Gary T Wilde (Treasurer)	$37,186	$0	$0
James M Ray (Vice Preside)	$33,666	$0	$0
Jill Austin (Director)	$32,466	$0	$0
John L Chandler (Secretary)	$32,466	$0	$0
Charles R Tolley (Director)	$31,097	$0	$0
Paul Badgley (Director)	$30,666	$0	$0
Keith A Kuhne (Director)	$30,630	$0	$0
Joseph G Justice (President)	$30,533	$0	$0
Carl Ramsey (Director)	$30,533	$0	$0
Jerry Griffith (Director)	$30,366	$0	$0
Gordon Randolph (Director)	$17,292	$0	$0

+ View more people

990

Filed on Nov. 12, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2022

Form 990 documents are not available for this tax period, but audit documents are available for download.

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2021

Revenue

$74,254,119

Expenses

$72,938,203

Net Income

$1,315,916

Net Assets

$50,956,033

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,852,385	3.8%
Program Services	$69,642,053	93.8%
Investment Income	$365,757	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,211,748	1.6%
Net Fundraising	$0
Sales of Assets	$182,040	0.2%
Net Inventory Sales	$0
Other Revenue	$136	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,347,410	3.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,230,788	12.7%

Assets/Debt
Total Assets	$153,825,351
Total Liabilities	$102,869,318
Net Assets	$50,956,033

Club or Co-Op Income
Income From Members	$68,745,718
Income From Other Sources	$1,465,468

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery Loven (General Mana)	$377,198	$0	$202,812
Gregory Fowler (District Man)	$209,456	$0	$201,053
Phyllis Holt (Office Manag)	$204,759	$0	$172,307
Tracy Evans (District Man)	$204,340	$0	$196,193
Hugh R Fleming (Op Mgr. / Sa)	$175,324	$0	$12,610
Donald R Webb (Eng. & Opr.)	$169,850	$0	$101,717
Dewey R Wills (Service Tech)	$132,463	$0	$53,722
Kelby R Cody (It Administr)	$127,975	$0	$54,723
Bobby Suttles (Data Process)	$118,033	$0	$64,809
Kevin Roberts (Service Tech)	$115,324	$0	$73,166
Gary T Wilde (Treasurer)	$34,069	$0	$0
John L Chandler (Secretary)	$29,447	$0	$0
James M Ray (Vice Preside)	$29,347	$0	$0
Jill Austin (Director)	$29,147	$0	$0
Charles R Tolley (Director)	$28,985	$0	$0
Joseph G Justice (President)	$28,118	$0	$0
Paul Badgley (Director)	$27,947	$0	$0
Keith A Kuhne (Director)	$27,912	$0	$0
Jerry Griffith (Director)	$27,647	$0	$0
Carl Ramsey (Director)	$27,518	$0	$0
Gordon Randolph (Director)	$17,588	$0	$0

+ View more people

990

Filed on Sept. 13, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Sept.
2021

Form 990 documents are not available for this tax period, but audit documents are available for download.

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2020

Revenue

$62,238,759

Expenses

$61,697,350

Net Income

$541,409

Net Assets

$50,286,990

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$60,762,168	97.6%
Investment Income	$263,449	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,191,748	1.9%
Net Fundraising	$0
Sales of Assets	$21,269	0.0%
Net Inventory Sales	$0
Other Revenue	$125	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,004,832	3.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,122,702	14.8%

Assets/Debt
Total Assets	$142,237,716
Total Liabilities	$91,950,726
Net Assets	$50,286,990

Club or Co-Op Income
Income From Members	$60,341,267
Income From Other Sources	$706,944

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery Loven (General Mana)	$382,002	$0	$235,056
Gregory Fowler (District Man)	$212,122	$0	$173,367
Tracy Evans (District Man)	$206,895	$0	$153,302
Phyllis Holt (Office Manag)	$205,478	$0	$137,036
Hugh R Fleming (Op Mgr. / Sa)	$174,748	$0	$10,174
Donald R Webb (Eng. & Opr.)	$171,518	$0	$76,849
Dewey R Wills (Service Tech)	$133,828	$0	$43,564
Danny H Hensley (Crew Leader)	$126,562	$0	$44,369
Kelby R Cody (It Administr)	$123,282	$0	$43,692
Gary T Wilde (Treasurer)	$32,770	$0	$0
John L Chandler (Secretary)	$29,748	$0	$0
Jill Austin (Director)	$29,348	$0	$0
Keith A Kuhne (Director)	$29,112	$0	$0
Charles R Tolley (Director)	$28,385	$0	$0
Joseph G Justice (President)	$28,018	$0	$0
James M Ray (Vice Preside)	$27,948	$0	$0
Jerry Griffith (Director)	$27,648	$0	$0
Carl Ramsey (Director)	$27,218	$0	$0
Paul Badgley (Director)	$23,290	$0	$0
Gordon Randolph (Asst Treasur)	$16,089	$0	$0

+ View more people

990

Filed on Oct. 7, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$67,081,045

Expenses

$66,181,817

Net Income

$899,228

Net Assets

$50,143,632

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,275,678	1.9%
Program Services	$64,012,751	95.4%
Investment Income	$538,474	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,192,048	1.8%
Net Fundraising	$0
Sales of Assets	$56,860	0.1%
Net Inventory Sales	$0
Other Revenue	$5,234	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,397,069	2.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$8,438,940	12.8%

Assets/Debt
Total Assets	$133,845,671
Total Liabilities	$83,702,039
Net Assets	$50,143,632

Club or Co-Op Income
Income From Members	$63,570,600
Income From Other Sources	$1,033,960

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery Loven (General Mana)	$261,744	$0	$109,750
Gregory Fowler (District Man)	$168,459	$0	$91,455
Tracy Evans (District Man)	$162,882	$0	$72,055
Phyllis Holt (Office Manag)	$155,833	$0	$65,403
Hugh R Fleming (Op Mgr. / Sa)	$133,440	$0	$9,249
Donald R Webb (Eng. & Opr.)	$131,634	$0	$40,960
Dewey R Wills (Service Tech)	$123,912	$0	$35,049
Danny H Hensley (Crew Leader)	$112,222	$0	$41,379
Jackie D Buchanan (Service Tech)	$110,193	$0	$43,397
Gary T Wilde (Treasurer)	$36,344	$0	$0
James M Ray (Vice Preside)	$31,520	$0	$0
Jill Austin (Director)	$29,720	$0	$0
John L Chandler (Secretary)	$29,720	$0	$0
Joseph G Justice (President)	$29,194	$0	$0
Carl Ramsey (Director)	$28,994	$0	$0
Keith A Kuhne (Director)	$28,786	$0	$0
Charles R Tolley (Director)	$28,362	$0	$0
Bill Riddle (Director)	$26,894	$0	$0
Jerry Griffith (Director)	$23,367	$0	$0
Gordon Randolph (Asst Treasur)	$16,587	$0	$0

+ View more people

990

Filed on Nov. 3, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2019

Form 990 documents are not available for this tax period, but audit documents are available for download.

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2018

Revenue

$69,741,483

Expenses

$68,874,642

Net Income

$866,841

Net Assets

$46,118,572

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$67,979,614	97.5%
Investment Income	$533,063	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,191,998	1.7%
Net Fundraising	$0
Sales of Assets	$36,332	0.1%
Net Inventory Sales	$0
Other Revenue	$476	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,339,326	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$8,286,438	12.0%

Assets/Debt
Total Assets	$128,517,295
Total Liabilities	$82,398,723
Net Assets	$46,118,572

Club or Co-Op Income
Income From Members	$67,490,062
Income From Other Sources	$1,060,873

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery Loven (General Manager)	$231,111	$0	$110,908
Gregory Fowler (District Manager)	$156,220	$0	$99,020
Tracy Evans (District Manager)	$151,185	$0	$73,645
Phyllis Holt (Office Manager)	$142,670	$0	$72,893
Hugh R Flemming (Op Mgr. / Saf Cord)	$122,005	$0	$9,262
Donald R Webb (Eng. & Opr. Mgr.)	$121,578	$0	$48,153
Danny H Hensley (Crew Leader)	$118,555	$0	$43,506
Dewey R Willis (Service Tech)	$117,883	$0	$37,853
Jackie Buchanan (Service Tech)	$110,362	$0	$43,390
Gary T Wilde (Treasurer)	$34,141	$0	$0
Jill Austin (Director)	$29,921	$0	$0
John L Chandler (Secretary)	$29,621	$0	$0
James M Ray (Vice President)	$28,721	$0	$0
Keith A Kuhne (Director)	$28,085	$0	$0
Charles R Tolley (Director)	$27,650	$0	$0
Joseph G Justice (President)	$27,088	$0	$0
Carl Ramsey (Director)	$27,088	$0	$0
Bill Riddle (Director)	$26,788	$0	$0
Jd Quinn (Director)	$24,688	$0	$0
Gordon Randolph (Asst. Treasurer)	$17,883	$0	$0

+ View more people

990

Filed on Nov. 5, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$64,200,485

Expenses

$61,910,397

Net Income

$2,290,088

Net Assets

$43,932,356

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$62,451,223	97.3%
Investment Income	$503,979	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,191,812	1.9%
Net Fundraising	$0
Sales of Assets	$51,941	0.1%
Net Inventory Sales	$0
Other Revenue	$1,530	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$795,117	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$8,087,738	13.1%

Assets/Debt
Total Assets	$126,420,947
Total Liabilities	$82,488,591
Net Assets	$43,932,356

Club or Co-Op Income
Income From Members	$60,533,795
Income From Other Sources	$2,497,725

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery Loven (General Manager)	$223,767	$0	$86,680
Gregory C Fowler (District Manager)	$150,957	$0	$66,286
Tracy Evans (District Manager)	$146,778	$0	$58,036
Phyllis Holt (Office Manager)	$138,423	$0	$58,413
Hugh R Flemming (Op Mgr. / Saf Cord)	$118,416	$0	$6,224
Donald R Webb (Eng. & Opr. Mgr.)	$118,014	$0	$40,969
Danny H Hensley (Crew Leader)	$108,575	$0	$37,780
Gary T Wilde (Treasurer)	$33,506	$0	$0
James M Ray (Vice President)	$27,394	$0	$0
John L Chandler (Secretary)	$27,394	$0	$0
Joseph G Justice (President)	$27,247	$0	$0
Charles R Tolley (Director)	$27,199	$0	$0
Carl Ramsey (Director)	$26,347	$0	$0
Keith A Kuhne (Director)	$25,554	$0	$0
Bill Riddle (Director)	$25,547	$0	$0
Jd Quinn (Director)	$25,447	$0	$0
Jill Austin (Director)	$17,863	$0	$0
Gordon Randolph (Director)	$16,154	$0	$0
Warren Buchanan Deceased (Asst Treasurer)	$8,182	$0	$0

+ View more people

990

Filed on Nov. 13, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

PDF (2 of 2)

Fiscal Year Ending Dec.
2016

Revenue

$61,692,967

Expenses

$60,915,711

Net Income

$777,256

Net Assets

$43,221,551

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$60,006,861	97.3%
Investment Income	$421,053	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,186,359	1.9%
Net Fundraising	$0
Sales of Assets	$78,500	0.1%
Net Inventory Sales	$0
Other Revenue	$194	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$775,223	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$7,770,239	12.8%

Assets/Debt
Total Assets	$129,701,656
Total Liabilities	$86,480,105
Net Assets	$43,221,551

Club or Co-Op Income
Income From Members	$59,564,149
Income From Other Sources	$944,159

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery Loven (General Manager)	$217,644	$0	$105,605
Tracy Evans (District Manager)	$142,653	$0	$53,461
Kenneth J Winters (Service Tech)	$140,563	$0	$33,001
Gregory C Fowler (District Manager)	$136,983	$0	$83,562
Phyllis Holt (Office Manager)	$134,809	$0	$54,136
Donald R Webb (Eng. & Opr. Mgr.)	$114,920	$0	$38,014
Hugh R Flemming (Op Mgr. / Saf Cord)	$113,624	$0	$16,240
Gary T Wilde (Treasurer)	$30,176	$0	$0
James M Ray (Vice President)	$26,251	$0	$0
Charles R Tolley (Director)	$25,757	$0	$0
Joseph G Justice (President)	$24,604	$0	$0
John L Chandler (Secretary)	$24,151	$0	$0
Bill Riddle (Director)	$24,004	$0	$0
Warren Buchanan (Asst Treasurer)	$23,704	$0	$0
Carl Ramsey (Director)	$23,704	$0	$0
Keith A Kuhne (Director)	$23,229	$0	$0
Jd Quinn (Director)	$23,104	$0	$0
Gordon Randolph (Director)	$14,345	$0	$0

+ View more people

990

Filed on Nov. 13, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$63,806,649

Expenses

$63,263,129

Net Income

$543,520

Net Assets

$43,433,238

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$339,286	0.5%
Program Services	$62,031,106	97.2%
Investment Income	$180,166	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,206,004	1.9%
Net Fundraising	$0
Sales of Assets	$49,899	0.1%
Net Inventory Sales	$0
Other Revenue	$188	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$728,960	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$7,437,224	11.8%

Assets/Debt
Total Assets	$124,876,444
Total Liabilities	$81,443,206
Net Assets	$43,433,238

Club or Co-Op Income
Income From Members	$61,557,522
Income From Other Sources	$705,037

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery Loven (General Manager)	$211,828	$0	$95,465
Tracy Evans (District Manager)	$139,027	$0	$48,130
Phyllis Holt (Office Manager)	$130,493	$0	$47,290
Gregory C Fowler (District Manager)	$122,730	$0	$63,365
Donald R Webb (Eng. & Opr. Mgr.)	$112,427	$0	$30,664
Hugh R Flemming (Op Mgr. / Saf Cord)	$108,547	$0	$10,895
Kimberly L Pate (Dist. Off. Mgr)	$104,455	$0	$28,340
Gary T Wilde (Treasurer)	$28,468	$0	$0
Joseph G Justice (President)	$23,982	$0	$0
John L Chandler (Secretary)	$23,526	$0	$0
James M Ray (Vice President)	$22,826	$0	$0
Keith A Kuhne (Director)	$22,626	$0	$0
Charles R Tolley (Director)	$22,136	$0	$0
Warren Buchanan (Asst Treasurer)	$21,582	$0	$0
Bill Riddle (Director)	$21,582	$0	$0
Carl Ramsey (Director)	$21,290	$0	$0
Jd Quinn (Director)	$21,282	$0	$0
Gordon Randolph (Director)	$14,584	$0	$0

+ View more people

990

Filed on Nov. 3, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$65,665,368

Expenses

$65,051,557

Net Income

$613,811

Net Assets

$41,807,991

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$9,713	0.0%
Program Services	$64,276,420	97.9%
Investment Income	$162,078	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,162,775	1.8%
Net Fundraising	$0
Sales of Assets	$54,238	0.1%
Net Inventory Sales	$0
Other Revenue	$144	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$700,083	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$7,315,691	11.2%

Assets/Debt
Total Assets	$119,166,055
Total Liabilities	$77,358,064
Net Assets	$41,807,991

Club or Co-Op Income
Income From Members	$63,723,532
Income From Other Sources	$771,048

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery Loven (General Manager)	$205,825	$0	$81,259
Tracy Evans (District Manager)	$136,255	$0	$42,145
Phyllis Holt (Office Manager)	$126,904	$0	$41,076
Gregory C Fowler (District Manager)	$115,230	$0	$53,570
Donald R Webb (Eng. & Opr. Mgr.)	$110,084	$0	$24,374
Hugh R Flemming (Op Mgr. / Saf Cord)	$105,481	$0	$9,973
Kimberly L Pate (Dist. Off. Mgr)	$102,455	$0	$19,211
Gary T Wilde (Treasurer)	$28,772	$0	$0
James M Ray (Vice President)	$24,310	$0	$0
Joseph G Justice (President)	$23,678	$0	$0
Charles R Tolley (Director)	$23,328	$0	$0
Carl Ramsey (Director)	$22,788	$0	$0
John L Chandler (Secretary)	$22,010	$0	$0
Warren Buchanan (Asst Treasurer)	$21,870	$0	$0
Bill Riddle (Director)	$21,870	$0	$0
Jd Quinn (Director)	$21,570	$0	$0
Keith A Kuhne (Director)	$21,410	$0	$0
Gordon Randolph (Director)	$13,413	$0	$0

+ View more people

990

Filed on Nov. 10, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$62,636,317

Expenses

$61,727,011

Net Income

$909,306

Net Assets

$40,035,016

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$431,675	0.7%
Program Services	$60,964,586	97.3%
Investment Income	$157,993	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,142,826	1.8%
Net Fundraising	$0
Sales of Assets	-$61,102
Net Inventory Sales	$0
Other Revenue	$339	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$859,921	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,946,208	11.3%

Assets/Debt
Total Assets	$120,859,784
Total Liabilities	$80,824,768
Net Assets	$40,035,016

Club or Co-Op Income
Income From Members	$60,062,815
Income From Other Sources	$1,492,639

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery Loven (General Manager)	$205,595	$0	$92,916
Phyllis Holt (Office Manager)	$123,393	$0	$44,651
Gregory C Fowler (District Manager)	$111,026	$0	$55,421
Hugh R Flemming (Op Mgr. / Saf Cord)	$105,534	$0	$12,637
Donald R Webb (Eng. & Opr. Mgr.)	$102,912	$0	$26,885
Kimberly L Pate (Dist. Off. Mgr)	$102,357	$0	$27,585
Joseph G Justice (President)	$11,100	$0	$15,871
Gary T Wilde (Treasurer)	$10,900	$0	$15,971
John L Chandler (Secretary)	$6,300	$0	$15,991
Gordon Randolph (Director)	$5,100	$0	$7,090
Keith A Kuhne (Director)	$4,800	$0	$15,991
James M Ray (Vice President)	$4,500	$0	$15,991
Warren Buchanan (Asst Treasurer)	$4,200	$0	$15,854
Bill Riddle (Director)	$4,200	$0	$15,854
Jd Quinn (Director)	$3,900	$0	$15,854
Carl Ramsey (Director)	$3,900	$0	$15,884
Charles R Tolley (Director)	$3,300	$0	$14,368

+ View more people

990

Filed on Nov. 4, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$60,141,710

Expenses

$59,237,667

Net Income

$904,043

Net Assets

$44,797,712

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$59,961,949	99.7%
Investment Income	$155,288	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$1,550	0.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$22,923	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$663,517	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$117,875,922
Total Liabilities	$73,078,210
Net Assets	$44,797,712

Club or Co-Op Income
Income From Members	$58,681,328
Income From Other Sources	$156,938

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$60,178,756

Expenses

$58,071,822

Net Income

$2,106,934

Net Assets

$44,763,294

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$57,559,188	95.6%
Investment Income	$129,920	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$2,489,648	4.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$698,619	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$115,491,858
Total Liabilities	$70,728,564
Net Assets	$44,763,294

Club or Co-Op Income
Income From Members	$57,559,188
Income From Other Sources	$131,120

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

French Broad Electric Membership Corporation

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $85.2M (2023)

Expenses $83.9M (2023)

Total Assets $168M (2023)

Total Liabilities $113M (2023)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Sept. 2023

No Extracted Financial Data

Document Links

Audit

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Sept. 2022

No Extracted Financial Data

Document Links

Audit

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Sept. 2021

No Extracted Financial Data

Document Links

Audit

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Sept. 2019

No Extracted Financial Data

Document Links

Audit

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Revenue

$85.2M (2023)

Expenses

$83.9M (2023)

Total Assets

$168M (2023)

Total Liabilities

$113M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004