Blue Ridge Electric

“The members of the corporation elect the members of the board of directors that govern the affairs of the corporation. Each director shall have one vote in all board matters, and decisions shall be based on the vote of a majority of the board members present at any meeting having a quorum of the board.”

“The members of the corporation elect the members of the board of directors that govern the affairs of the corporation. The board of directors meet monthly with management in addition to other committee meetings. In addition, there is one annual membership meeting.”

“Certain decisions of the governing body are subject to approval by the members as provided for in the by-laws.”

“The cfo and management review a draft of the 990 with the board of directors prior to filing with the irs.”

“The governing board of directors along with members of management complete annual conflict of interest statements.”

“The cooperative utilizes an independent compensation professional to review market trends and conduct an analysis of compensation for the ceo. The board conducts an annual performance review of the ceo and sets the compensation package associated with this position.”

“The cooperative utilizes an independent compensation professional to review market trends and conduct an analysis of compensation for officers. The compensation committee of the board receives the report of the independent compensation professional. The ceo proposes and presents the compensation packets of these officers.”

“Governing documents and policies are available upon request. The annual report, bylaws and other governing documents are available on the corporation's website. In addition, financial data is presented to the members at the annual meeting and also included in the 990 which is available on the website.”

“990 part vii section a column f the corporation participates in the nreca group defined pension plan. As part of this plan, participants are required to recognize the actuarial increase in the value of their account on the form 990. The contribution rate for participants in the plan is the same for all individuals in the plan. The change in actuarial value for each participant, however, varies with age. Form 990, part ix, line 4 benefits paid to or for memebrs patronage dividends are paid to members' accounts in accordance with the pre-existing obligation in the corporation'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. Irs instructions for line 4 changed in 2011 to include patronage dividends paid by section 501 (c)(12) organizations to their members. Accordingly, these amounts are now reported on line 4. Part ix line 17 travel per irs instructions the total travel costs reported on this line represent all transportation costs of the corporation, including the expense of purchasing, leasing, operating, and repairing over 100 vehicles owned by the corporation. This includes all the line and service trucks used in the daily operations of the corporation. These trucks log approximately 1,000,000 miles each year constructing and maintaining the electric plant of the corporation. 990 part ix line 24 e all other expenses the corporation follows the uniform system of accounts (usoa) as set forth in 7 cfr part 1767, accounting requirements for rural development electric borrowers. Based on the requirements of the usoa, certain expenses required to be reported on form 990 part ix have been allocated or capitalized as part of the net utility plant. As a result of grossing up expenses to comply with the tax reporting requirements of this section, certain expenses that have been capitalized are reported as part of line 24(e) "capitalized expenses- and reflected as credit balances. On 04/01/2025 katie woodle took over as the ceo of blue ridge emc. Katie will be the signer of the 2024 tax return.”

“Non-cash patronage allocations not revenue per irs 708,728 patronage div. Paid to members' accts. 11,494,812 contributions in aid of construction -3,474,126 net retirement of capital credits -5,997,783 aoci adjustment -94,266 net change in memberships -3,450 total 2,633,915”