Civic Intelligence

Jackson Energy Authority Benefits

990 • Fiscal year 2014 • EIN 58-1983420

Jul 01, 2013 to Jun 30, 2014 • Filed on Jul 15, 2014

119 E College38301

(731) 422-7500

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

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

2014 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

25th percentile

0.00x

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

2014 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2014

Net Margin

79th percentile

22%

Higher net margin than 79% of similar nonprofits.

2014 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

92nd percentile

$250,000

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2014 filings • 501(c)9 • $5M-$10M nonprofits • Source year 2014

Asset Growth

91st percentile

34%

Faster asset growth than 91% of similar nonprofits.

2014 filings • 501(c)9 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

Up

$7,187,244

Up $1,814,083 (+34%) from 2013

Net Assets

Up

$7,187,244

Up $1,814,083 (+34%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

$8,172,908

No earlier filing loaded for comparison.

Expenses

Up

$6,358,825

Up $328,677 (+5.5%) from 2013

Net Income

$1,814,083

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $1,112,634Liabilities 2010: $0Net Assets 2010: $1,112,6342010Assets 2011: $2,561,468Liabilities 2011: $0Net Assets 2011: $2,561,4682011Assets 2012: $4,068,164Liabilities 2012: $0Net Assets 2012: $4,068,1642012Assets 2013: $5,373,161Liabilities 2013: $0Net Assets 2013: $5,373,1612013Assets 2014: $7,187,244Liabilities 2014: $0Net Assets 2014: $7,187,2442014Assets 2015: $7,693,308Liabilities 2015: $0Net Assets 2015: $7,693,3082015Assets 2016: $8,775,190Liabilities 2016: $0Net Assets 2016: $8,775,1902016Assets 2017: $10,251,070Liabilities 2017: $0Net Assets 2017: $10,251,0702017Assets 2018: $8,488,466Liabilities 2018: $0Net Assets 2018: $8,488,4662018Assets 2019: $8,397,282Liabilities 2019: $0Net Assets 2019: $8,397,2822019Assets 2020: $9,250,071Liabilities 2020: $0Net Assets 2020: $9,250,0712020Assets 2021: $9,293,175Liabilities 2021: $0Net Assets 2021: $9,293,1752021Assets 2022: $8,539,572Liabilities 2022: $0Net Assets 2022: $8,539,5722022Assets 2023: $6,494,992Liabilities 2023: $0Net Assets 2023: $6,494,9922023Assets 2024: $6,129,912Liabilities 2024: $0Net Assets 2024: $6,129,9122024Assets 2025: $5,237,020Liabilities 2025: $0Net Assets 2025: $5,237,0202025

Highlighted filing

2014

Assets$7,187,244
Liabilities$0
Net Assets$7,187,244

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $7,201,2802010Expenses 2011: $5,390,2072011Expenses 2012: $5,814,9122012Expenses 2013: $6,030,1482013Revenue 2014: $8,172,908Expenses 2014: $6,358,825Net Income 2014: $1,814,0832014Revenue 2015: $7,660,288Expenses 2015: $7,154,224Net Income 2015: $506,0642015Revenue 2016: $8,148,424Expenses 2016: $7,066,542Net Income 2016: $1,081,8822016Revenue 2017: $7,954,458Expenses 2017: $6,478,578Net Income 2017: $1,475,8802017Revenue 2018: $4,864,564Expenses 2018: $6,627,168Net Income 2018: -$1,762,6042018Revenue 2019: $7,217,801Expenses 2019: $7,308,985Net Income 2019: -$91,1842019Revenue 2020: $7,562,089Expenses 2020: $6,709,300Net Income 2020: $852,7892020Revenue 2021: $7,629,452Expenses 2021: $7,586,348Net Income 2021: $43,1042021Revenue 2022: $8,659,868Expenses 2022: $9,413,471Net Income 2022: -$753,6032022Revenue 2023: $7,713,161Expenses 2023: $9,757,778Net Income 2023: -$2,044,6172023Revenue 2024: $7,952,287Expenses 2024: $8,317,367Net Income 2024: -$365,0802024Revenue 2025: $9,189,762Expenses 2025: $10,082,654Net Income 2025: -$892,8922025

Highlighted filing

2014

Revenue$8,172,908
Expenses$6,358,825
Net Income$1,814,083
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jul 15, 2014
Return Version
2013v3.1
Gross Receipts
$8,172,908
Mission and Program Overview

Mission

Purpose of this organization is to provide benefits for the employees of jackson energy authority.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,373,161$7,187,244▲ $1,814,083
Rtn Earn Endowment Incm Other Fnds$5,373,161$7,187,244▲ $1,814,083
Total Assets$5,373,161$7,187,244▲ $1,814,083
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,373,161$7,187,244▲ $1,814,083
Total Liabilities and Net Assets / Fund Balance$5,373,161$7,187,244▲ $1,814,083
Compensation and Service Providers

Employees

NameTitleOtherTotal
-Jea Sr VP Cf$161,000$161,000
-Jea Sr. VP$145,000$145,000
-Benefits COM$84,754$84,754
-Emp Benefits$51,985$51,985

Board Members and Trustees

NameTitle
David MiddlebrooksJea Pres-CEO
-Jea Sr VP
-Jea Sr VP CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,137,040
Investment Income
$35,868
Other Revenue
$0
Change in Net Assets
$1,814,083
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,889
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$6,355,936
Other Expenses---$636
Total Functional Expenses$0$0$0$6,358,825
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The jackson energy authority benefits program was established by the employer (jackson energy authority or jea)"for the purpose of establishing a voluntary employee's beneficiary association.. To provide eligible employees and their dependents and designated beneficiaries with certain ... Benefits as the employer may from time to time determine to provide under the program." the employer has the "absolute right at any time and from time to time, by action of the board (of directors), and in the sole and absolute discretion of the board, to modify or amend this program..." the board has the exclusive responsibility to appoint and remove the plan administrator, the trustee, any insurer, and the members of the employee benefits committee(key employees); to make changes to the design of benefits provided under terms of the program; to authorize an employer to join the program; and to establish a funding policy. The board and the officers of the employer are authorized to amend and terminate the program and its related trust and to appoint or remove any insurer. The employee benefits committee is the plan adminstrator and as such is in charge of the adminstration of the benefits program.

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

Cfo reviews information contained in form 990 before filing.

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

All key employees, officers, and directors have to review and sign a statement annually indicating whether or not they have any conflicts of interest. If conflicts exist then they are documented and dealt with appropriately.

Form 990, Page 6, Part VI, Line 19

Documents are available to the public upon written request.

Filing and Contact Details

Filer

EIN
58-1983420
Phone
7314227500

Signing Officer

Name
Jim Ferrell
Title
President & CEO
Phone
7314227500
Signed
2014-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Ferrell
Formed
1991
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Preparer
J Winston Truett
Phone
7314278571
Raw XML Appendix292 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE JACKSON ENERGY AUTHORITY BENEFITS PROGRAM WAS ESTABLISHED BY THE EMPLOYER (JACKSON ENERGY AUTHORITY OR JEA)"FOR THE PURPOSE OF ESTABLISHING A VOLUNTARY EMPLOYEE'S BENEFICIARY ASSOCIATION.. TO PROVIDE ELIGIBLE EMPLOYEES AND THEIR DEPENDENTS AND DESIGNATED BENEFICIARIES WITH CERTAIN ... BENEFITS AS THE EMPLOYER MAY FROM TIME TO TIME DETERMINE TO PROVIDE UNDER THE PROGRAM." THE EMPLOYER HAS THE "ABSOLUTE RIGHT AT ANY TIME AND FROM TIME TO TIME, BY ACTION OF THE BOARD (OF DIRECTORS), AND IN THE SOLE AND ABSOLUTE DISCRETION OF THE BOARD, TO MODIFY OR AMEND THIS PROGRAM..." THE BOARD HAS THE EXCLUSIVE RESPONSIBILITY TO APPOINT AND REMOVE THE PLAN ADMINISTRATOR, THE TRUSTEE, ANY INSURER, AND THE MEMBERS OF THE EMPLOYEE BENEFITS COMMITTEE(KEY EMPLOYEES); TO MAKE CHANGES TO THE DESIGN OF BENEFITS PROVIDED UNDER TERMS OF THE PROGRAM; TO AUTHORIZE AN EMPLOYER TO JOIN THE PROGRAM; AND TO ESTABLISH A FUNDING POLICY. THE BOARD AND THE OFFICERS OF THE EMPLOYER ARE AUTHORIZED TO AMEND AND TERMINATE THE PROGRAM AND ITS RELATED TRUST AND TO APPOINT OR REMOVE ANY INSURER. THE EMPLOYEE BENEFITS COMMITTEE IS THE PLAN ADMINSTRATOR AND AS SUCH IS IN CHARGE OF THE ADMINSTRATION OF THE BENEFITS PROGRAM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CFO REVIEWS INFORMATION CONTAINED IN FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL KEY EMPLOYEES, OFFICERS, AND DIRECTORS HAVE TO REVIEW AND SIGN A STATEMENT ANNUALLY INDICATING WHETHER OR NOT THEY HAVE ANY CONFLICTS OF INTEREST. IF CONFLICTS EXIST THEN THEY ARE DOCUMENTED AND DEALT WITH APPROPRIATELY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05373161
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07187244
IRS990/TotalProgramServiceExpensesAmt06358825
IRS990/TotalProgramServiceRevenueAmt08137040
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08172908
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08172908
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05373161
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07187244
IRS990/TotReportableCompRltdOrgAmt01373940
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10119 E COLLEGE
IRS990/USAddress/City0JACKSON
IRS990/USAddress/State0TN
IRS990/USAddress/ZIPCode038301
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.JAXENERGY.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM FERRELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07314227500
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine10JACKSON ENERGY AUTHORITY BENEFITS
ReturnHeader/Filer/BusinessNameControlTxt0JACK
ReturnHeader/Filer/EIN0581983420
ReturnHeader/Filer/PhoneNum07314227500
ReturnHeader/Filer/USAddress/AddressLine10119 E COLLEGE
ReturnHeader/Filer/USAddress/City0JACKSON
ReturnHeader/Filer/USAddress/State0TN
ReturnHeader/Filer/USAddress/ZIPCode038301
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621110839
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10ALEXANDER THOMPSON ARNOLD PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10227 OIL WELL RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0JACKSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode038305
ReturnHeader/PreparerPersonGrp/PhoneNum07314278571
ReturnHeader/PreparerPersonGrp/PreparationDt02014-07-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J WINSTON TRUETT
ReturnHeader/ReturnTs02014-07-22T08:06:19-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.24$0.00$5.24$9.19$10.1$0.89
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.13$0.00$6.13$7.95$8.32$0.37
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.49$0.00$6.49$7.71$9.76$2.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.54$0.00$8.54$8.66$9.41$0.75
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.29$0.00$9.29$7.63$7.59$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.25$0.00$9.25$7.56$6.71$0.85
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.40$0.00$8.40$7.22$7.31$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.49$0.00$8.49$4.86$6.63$1.76
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$0.00$10.3$7.95$6.48$1.48
2016Detailed filing. Detailed filing data is available for this year.$8.78$0.00$8.78$8.15$7.07$1.08
2015Detailed filing. Detailed filing data is available for this year.$7.69$0.00$7.69$7.66$7.15$0.51
2014Detailed filing. Detailed filing data is available for this year.$7.19$0.00$7.19$8.17$6.36$1.81
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.37$0.00$5.37$6.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.07$0.00$4.07$5.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.56$0.00$2.56$5.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.11$0.00$1.11$7.20