Civic Intelligence

Blue Ridge Energy Members Foundation

990 • Fiscal year 2019 • EIN 56-1793740

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 25, 2020

PO Box 112Lenoir, NC 28645

(828) 758-2383

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

11th percentile

-34%

Higher net margin than 11% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

100th percentile

$776,987

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 242.2% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

7th percentile

-58%

Faster asset growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

47th percentile

-0.8%

Faster revenue growth than 47% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$79,749

Down $109,409 (-58%) from 2018

Net Assets

Down

$79,749

Down $109,409 (-58%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$320,764

Down $2,610 (-0.8%) from 2018

Expenses

Up

$430,173

Up $113,743 (+36%) from 2018

Net Income

Down

-$109,409

Down $116,353 (-1676%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2010: $28,072Liabilities 2010: $0Net Assets 2010: $28,0722010Assets 2011: $42,535Liabilities 2011: $0Net Assets 2011: $42,5352011Assets 2012: $98,613Liabilities 2012: $61,949Net Assets 2012: $36,6642012Assets 2013: $31,626Liabilities 2013: $0Net Assets 2013: $31,6262013Assets 2014: $35,867Liabilities 2014: $0Net Assets 2014: $35,8672014Assets 2015: $104,945Liabilities 2015: $0Net Assets 2015: $104,9452015Assets 2016: $191,187Liabilities 2016: $0Net Assets 2016: $191,1872016Assets 2017: $182,214Liabilities 2017: $0Net Assets 2017: $182,2142017Assets 2018: $189,158Liabilities 2018: $0Net Assets 2018: $189,1582018Assets 2019: $79,749Liabilities 2019: $0Net Assets 2019: $79,7492019Assets 2020: $95,630Liabilities 2020: $0Net Assets 2020: $95,6302020Assets 2021: $95,407Liabilities 2021: $7,490Net Assets 2021: $87,9172021Assets 2022: $153,669Liabilities 2022: $0Net Assets 2022: $153,6692022Assets 2023: $102,393Liabilities 2023: $0Net Assets 2023: $102,3932023Assets 2024: $139,379Liabilities 2024: $0Net Assets 2024: $139,3792024

Highlighted filing

2019

Assets$79,749
Liabilities$0
Net Assets$79,749

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $277,4762010Expenses 2011: $248,1172011Expenses 2012: $293,3612012Revenue 2013: $292,728Expenses 2013: $297,766Net Income 2013: -$5,0382013Revenue 2014: $377,117Expenses 2014: $372,876Net Income 2014: $4,2412014Revenue 2015: $330,585Expenses 2015: $261,507Net Income 2015: $69,0782015Revenue 2016: $356,124Expenses 2016: $269,882Net Income 2016: $86,2422016Revenue 2017: $317,934Expenses 2017: $326,907Net Income 2017: -$8,9732017Revenue 2018: $323,374Expenses 2018: $316,430Net Income 2018: $6,9442018Revenue 2019: $320,764Expenses 2019: $430,173Net Income 2019: -$109,4092019Revenue 2020: $367,004Expenses 2020: $351,123Net Income 2020: $15,8812020Revenue 2021: $322,766Expenses 2021: $330,479Net Income 2021: -$7,7132021Revenue 2022: $391,201Expenses 2022: $325,449Net Income 2022: $65,7522022Revenue 2023: $345,014Expenses 2023: $396,290Net Income 2023: -$51,2762023Revenue 2024: $355,731Expenses 2024: $318,745Net Income 2024: $36,9862024

Highlighted filing

2019

Revenue$320,764
Expenses$430,173
Net Income-$109,409
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 25, 2020
Return Version
2019v5.0
Gross Receipts
$320,764
Mission and Program Overview

Mission

Provide assistance for electric and heating utility bills and financial support for nonprofit community organizations that meet educational, healthcare, and economic and community development needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$189,158$79,749▼ $109,409
Total Assets$189,158$79,749▼ $109,409
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$189,158$79,749▼ $109,409
Total Net Assets Fund Balance$189,158$79,749▼ $109,409
Total Liabilities and Net Assets / Fund Balance$189,158$79,749▼ $109,409
Compensation and Service Providers

Employees

NameTitleOtherTotal
Douglas W JohnsonExec Vice Ch$776,987$776,987
Katie M WoodleSVP Fin & Cf$359,955$359,955
Jeffrey B JoinesPresident$37,649$37,649
David EggersVice Preside$32,494$32,494
Joy B CoffeySec. - Treas$30,998$30,998
Cindy PriceDirector$28,843$28,843
Johnny WishonAsst. Sec-tr$28,021$28,021
James LawrenceDirector$27,913$27,913
David BooneDirector$26,337$26,337
Mitch FranklinDirector$25,861$25,861
Tom TrexlerDirector$25,458$25,458
Bryan EdwardsDirector$24,781$24,781
Bradley McneillDirector$19,821$19,821
Kelly MeltonDirector$17,115$17,115
James YoungDirector$15,929$15,929

Board Members and Trustees

NameTitle
Douglas W JohnsonExec Vice Chair
Katie M WoodleSVP Fin & CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$320,764
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$246,264
Change in Net Assets
$-109,409

Audited Revenue Reconciliation

Revenue per Audited Statements
$320,764
Total Revenue per Audited Statements
$320,764
Total Revenue per Form 990
$320,764
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$278,000
Other Expenses$152,173
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$278,000--$278,000
Other Expenses$24,500--$24,500
Total Functional Expenses$430,173$0$0$430,173

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$430,173
Total Expenses per Audited Statements$430,173
Total Expenses per Form 990$430,173
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Alleghany Memorial Hosp FoundationSparta, NC-Unrestricted Support$80,000
Ashe Campus of Wilkes CcWilkesboro, NC-Unrestricted Support$20,000
Ashe Memorial HospitalJefferson, NC-Unrestricted Support$15,000
Pond Mountain Fire and RescueCreston, NC-Unrestricted Support$11,000
Blue Ridge Developmental DaySparta, NC-Unrestricted Support$10,000
Blue Ridge Parkway FoundationWinston Salem, NC-Unrestricted Support$10,000
Second Harvest Food Bank of Nw NcWinston Salem, NC-Unrestricted Support$10,000
Shoes for KidsWest Jefferson, NC-Unrestricted Support$10,000
Caldwell Co Yokefellow IncLenoir, NC-Unrestricted Support$9,000
Patterson School FoundationPatterson, NC-Unrestricted Support$9,000
Town of HudsonHudson, NC-Unrestricted Support$9,000
Alleghany County Group HomesSparta, NC-Unrestricted Support$8,500
Life Village IncBoone, NC-Unrestricted Support$7,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The cfo reviews the 990 with the board prior to filing with the irs.

Form 990, Page 6, Part VI, Line 12C

Each director, principal officer and member of a committee with governing board delegated powers shall sign annually a statement which affirms such persons are in compliance with the policy.

Form 990, Page 6, Part VI, Line 19

Governing documents and the form 990 are available upon request and on the corporation's website.

Form 990, Part VII

Part vii section a and schedule j part ii none of the officers and directors included on the 990 part vii and schedule j part ii received any compensation from the blue ridge electric members foundation, inc. During the year. The compensation listed on these sections represents compensation received and reported on the blue ridge electric cooperative form 990 that is required to be reported as compensation from a related organization.

Filing and Contact Details

Filer

Filer Name
Blue Ridge Energy Members
EIN
56-1793740
Phone
8287582383
Address
PO BOX 112, LENOIR, NC 28645

Signing Officer

Name
Katie M Woodle
Title
SVP Fin & CFO
Phone
8287582383
Signed
2020-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katie M Woodle
Formed
1991
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Adams Jenkins & Cheatham
Address
231 WYLDEROSE DR, MIDLOTHIAN, VA 23113
Preparer
G Steven Gilliam CPA
Phone
8043231313
Supplemental Narrative

Additional Explanations

Form 990

Contributed services blue ridge emc donates certain general and administrative services along with the use of its facilities to the blue ridge electric members foundation. The estimated value of these services for the years ending december 31, 2019 and 2018 was 24,500 and 24,164 respectively.

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IRS990/OtherExpensesGrp/ProgramServicesAmt150000
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5SHOES FOR KIDS
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7SECOND HARVEST FOOD BANK OF NW NC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8CALDWELL CO YOKEFELLOW INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9TOWN OF HUDSON
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10PATTERSON SCHOOL FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11ALLEGHANY COUNTY GROUP HOMES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt12LIFE VILLAGE INC
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IRS990ScheduleI/RecipientTable/USAddress/CityNm2JEFFERSON
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IRS990ScheduleI/RecipientTable/USAddress/CityNm5WEST JEFFERSON
IRS990ScheduleI/RecipientTable/USAddress/CityNm6WINSTON SALEM
IRS990ScheduleI/RecipientTable/USAddress/CityNm7WINSTON SALEM
IRS990ScheduleI/RecipientTable/USAddress/CityNm8LENOIR
IRS990ScheduleI/RecipientTable/USAddress/CityNm9HUDSON
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3NC
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.00$1.39$3.56$3.19$0.37
2023Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$3.45$3.96$0.51
2022Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$3.91$3.25$0.66
2021Detailed filing. Detailed filing data is available for this year.$0.95$0.07$0.88$3.23$3.30$0.08
2020Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$3.67$3.51$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$3.21$4.30$1.09
2018Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.89$3.23$3.16$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$3.18$3.27$0.09
2016Detailed filing. Detailed filing data is available for this year.$1.91$0.00$1.91$3.56$2.70$0.86
2015Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$3.31$2.62$0.69
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$3.77$3.73$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$2.93$2.98$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.62$0.37$2.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.00$0.43$2.48
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.00$0.28$2.77