Blue Ridge Mountain Electric Membership Corporation

“The cooperative provides electricity to 51,975 consumers, all of which are members.”

“The Board of Directors is elected by the members of Blue Ridge Mountain EMC through a democratic process.”

“Certain governance decisions are subject to approval by the members.”

“Blue Ridge Mountain EMC's independent CPA will go over the 990 with the Board of Directors before it is submitted to the IRS.”

“Employees and board members are required to disclose anything that is deemed a conflict of interest in the written policy.”

“Each year the General Manager's performance is evaluated by the Board of Directors and compensation is reviewed using comparability compensation data from other cooperatives. The General Manager evaluates the performance of the department managers and also uses comparable compensation data from other cooperatives.”

“Blue Ridge Mountain EMC makes its financial statements available upon request to all of its members. The governing documents and conflict of interest policy are also available upon request.”

“The instructions to the 2018 Form 990 indicate that organizations exempt under Section 501(c)(12) should report "patronage dividends paid" to their members in Part IX, Line 4 of the Form 990. Blue Ridge Mountain Electric Membership Corporation has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. Blue Ridge Mountain Electric Membership Corporation assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the fiscal year ended June 30, 2019.”

“Other Comprehensive Income -80,109. Change in Membership 6,427. Allocated Margins 6,507,502.”

“EMC Broadband, LLC was formed during the year.”