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 tax deductible.
Heare 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):
- Compensation: $698,160
- Related: $0
- Other: $2,609
- Compensation: $605,866
- Related: $0
- Other: $39,793
- Compensation: $186,315
- Related: $0
- Other: $284,793
- Compensation: $218,400
- Related: $0
- Other: $183,178
- Compensation: $191,954
- Related: $0
- Other: $197,799
- Compensation: $217,798
- Related: $0
- Other: $30,319
- Compensation: $174,359
- Related: $0
- Other: $61,423
- Compensation: $202,068
- Related: $0
- Other: $32,940
- Compensation: $207,185
- Related: $0
- Other: $20,071
- Compensation: $152,248
- Related: $0
- Other: $56,306
- Compensation: $165,066
- Related: $0
- Other: $33,408
- Compensation: $160,821
- Related: $0
- Other: $17,105
- Compensation: $136,624
- Related: $0
- Other: $19,319
- Compensation: $31,806
- Related: $0
- Other: $0
- Compensation: $27,806
- Related: $0
- Other: $0
- Compensation: $24,806
- Related: $0
- Other: $0
- Compensation: $22,525
- Related: $0
- Other: $0
- Compensation: $22,072
- Related: $0
- Other: $0
- Compensation: $20,621
- Related: $0
- Other: $0
- Compensation: $20,425
- Related: $0
- Other: $0
- Compensation: $19,970
- Related: $0
- Other: $0
- Compensation: $19,086
- Related: $0
- Other: $0
- 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?
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.
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Impact
October, 2024
Jones-Onslow Electric Membership Corporation (JOEMC) plays a crucial role in ensuring the safe and effective distribution of electricity to approximately 75,000 members in the Jacksonville, NC area. As a rural electric cooperative, JOEMC is dedicated to providing reliable electric services, which are essential for the well-being and development of the communities it serves.
The corporation's impact extends beyond just power distribution; it fosters economic growth and sustainability in the region. By maintaining a robust infrastructure and investing in the necessary resources, including significant expenditures on power costs and employee wages, JOEMC contributes to job creation and local economic stability.
Furthermore, JOEMC's focus on safe electricity distribution aligns with its mission to enhance the quality of life for its members. By ensuring reliability and access, the cooperative empowers households and businesses to thrive, positioning itself as a vital partner in the continued growth and development of the area it serves.
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.
Financials
This financial information is from Propublica.
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
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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
Phone
(910) 353-1940Principal Officer
Michelle Hefner
Main Address
259 WESTERN BOULEVARD, JACKSONVILLE, NC, 28546
Website
www.joemc.comNTEE Category
Code: W80 - Public benefit
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