Jackson Electric Membership Corp
501(c)(12)
Strong reserves
Jackson Electric Membership Corp is a 501(c)(12) organization based in Jefferson, Georgia, registered in 1943, with $685,551,827 in FY2024 revenue.
850 Commerce Rd, Jefferson, GA, 30549 EIN 58-0301471 Since 1943
Revenue (FY2024)
$685.6M
▲ 6.6% vs prior year
Expenses (FY2024)
$685.6M
Net assets
$656.6M
Employees
534
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Jackson Electric Membership Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Jackson Electric Membership Corp: 11 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Jackson Electric Membership Corp: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Jackson Electric Membership Corp: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
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.
Contact & location
Financial trends
Revenue grew from $472.0M (FY2013) to $685.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $821.9MNet assets $656.6M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.5B
Total liabilities
$821.9M
Net assets
$656.6M
Salaries & benefits
$1.4M
0% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $685,551,827▲6.6% | $685,551,827▲6.6% | $656,596,444▲5.8% | $1,478,512,220▲7.7% | 990 |
| 2023 | $643,216,865▼6.8% | $643,216,865▼6.8% | $620,682,633▲5.9% | $1,372,521,376▲5.1% | 990 |
| 2022 | $690,430,146▲12.0% | $690,430,146▲12.0% | $585,850,614▲4.2% | $1,306,228,327▲6.7% | 990 |
| 2021 | $616,720,445▲0.3% | $616,720,445▲0.3% | $562,158,311▲3.2% | $1,224,303,203▲3.7% | 990 |
| 2020 | $614,807,083▲0.4% | $614,807,083▲0.4% | $544,485,013▲4.7% | $1,180,710,221▲4.5% | 990 |
| 2019 | $612,612,090▲4.2% | $612,612,090▲4.2% | $519,926,474▲10.7% | $1,129,645,634▲3.6% | 990 |
| 2018 | $588,198,351▲7.3% | $588,198,351▲7.3% | $469,663,135▲5.5% | $1,090,188,002▲5.6% | 990 |
| 2017 | $548,251,493▼0.4% | $548,251,493▼0.4% | $445,196,672▲7.2% | $1,032,413,919▲4.2% | 990 |
| 2016 | $550,492,161▲1.7% | $550,492,161▲1.7% | $415,105,510▲7.5% | $991,239,852▲3.6% | 990 |
| 2015 | $541,487,777▲2.6% | $541,487,777▲2.6% | $386,013,186▲5.9% | $956,630,878▲7.0% | 990 |
| 2014 | $527,699,577▲11.8% | $527,699,577▲11.8% | $364,489,846▲5.5% | $894,395,376▲2.5% | 990 |
| 2013 | $472,013,311 | $472,013,311▲1.5% | $345,426,455▲4.5% | $872,514,175▲5.1% | 990 |
| 2012 | — | $465,036,337▼0.4% | $330,465,790▲5.0% | $830,200,360▼0.3% | 990 |
| 2011 | — | $467,007,550▲5.4% | $314,661,196▲7.7% | $832,806,637▲5.4% | 990 |
| 2010 | — | $443,251,412 | $292,040,580 | $790,117,279 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Roy A Stowe — $1,302,141 (0.19% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Roy A Stowe | Executive-co | 50 | $1,302,141 |
| Ernest A Chip Jakins III | Executive-ce | 50 | $846,221 |
| Joseph L Dorough | Vp-engineeri | 50 | $502,621 |
| Preston L Chapman | Exec Vp/ext | 50 | $414,241 |
| Amy W Rouse | Exec Vp/corp | 50 | $395,878 |
| Brittany Caison | Evp-eng./ops | 50 | $355,094 |
| Rodney Chandler | Chairman | 4 | $54,806 |
| Lynn Price | Vice Chairma | 4 | $50,806 |
| Otis Jones | Director | 3 | $40,635 |
| Shade Storey | Secretary/tr | 3 | $25,750 |
| Sarah Mckinney | Director | 3 | $23,500 |
| Steve Blair | Director | 3 | $23,125 |
| Charles B Steele | Director-ret | 3 | $22,317 |
| Alton Thornton | Director | 3 | $20,125 |
| Phillip Sutton | Director | 3 | $20,000 |
| Alex Hill | Director | 3 | $3,500 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pike Electric LLC | Line Const. | $9,381,100 |
| Power Supply Company LLC | Electric Dist. | $5,981,039 |
| Higher Power Electrical | Construction | $3,069,417 |
| Southern Fiber Company LLC | Construction | $2,781,312 |
| Townsend Tree Service Co LLC | Right-of-way | $2,705,863 |
Grants received · $204K total
2 grants to Jackson Electric Membership Corp totaling $204K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2017 | $101,914 |
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2016 | $101,914 |
Frequently asked questions
- Is Jackson Electric Membership Corp a legitimate nonprofit?
- Yes. Jackson Electric Membership Corp is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 58-0301471, based in Jefferson, Georgia.
- What is Jackson Electric Membership Corp's EIN?
- Jackson Electric Membership Corp's Employer Identification Number (EIN) is 58-0301471.
- How much revenue does Jackson Electric Membership Corp report?
- Jackson Electric Membership Corp reported $685,551,827 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Jackson Electric Membership Corp's highest-paid employee make?
- The highest reported compensation on Jackson Electric Membership Corp's latest Form 990 is $1,302,141, paid to Roy A Stowe (Executive-co).
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Data for Jackson Electric Membership Corp (EIN 58-0301471) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.