Nonprofit · EIN 62-0293472
MIDDLE TENNESSEE ELECTRIC MEMBERSHI P CORPORATION
Tax-exempt · MURFREESBORO, TN 37129
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $991,192,614 | $991,192,614 | $0 | $1,248,197,177 | $593,828,384 | $654,368,793 |
| December 31, 2023 | 990 | $897,322,235 | $897,322,235 | $0 | $1,148,117,576 | $548,438,314 | $599,679,262 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $977,795,129
- Investment income
- $2,681,756
- Net rental income
- $8,199,043
- Net gain from sales of assets
- -$180,240
- Other revenue
- $10,715,729
Expenses
- Grants and similar amounts paid
- $331,963
- Benefits paid to members
- $55,155,877
- Compensation of officers, directors and key employees
- $5,394,937
- Salaries, compensation and benefits (total)
- $5,394,937
- Professional fundraising fees
- $0
- Depreciation
- $51,752,736
Balance sheet and other
- Total assets, start of year
- $1,148,117,576
- Total assets, end of year
- $1,248,197,177
- Total liabilities, end of year
- $593,828,384
- Net assets, end of year
- $654,368,793
- Land, buildings and equipment
- $958,999,621
- Gross receipts
- $991,372,854
- Employees
- 558
- Volunteers
- 0
- Year formed
- 1936
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Chris Jones | President/CEO Officer | 58 | $1,030,300 | $0 | $343,454 |
| Brad Gibson | COO Key employee | 59 | $440,712 | $18,450 | $136,517 |
| Gray Bateman | CHRO Key employee | 55 | $304,503 | $0 | $184,479 |
| Lori Williams | Special Proj Mgr Highest-paid employee | 40 | $412,109 | $0 | $40,166 |
| Cindy Layne | CFO Officer | 55 | $319,623 | $0 | $99,631 |
| Keith Thomason | VP Engineering Key employee | 41 | $236,848 | $0 | $167,841 |
| Robert White | VP of Comm Rel & Mem Svcs Key employee | 40 | $267,883 | $0 | $106,808 |
| P D Mynatt | Assistant General Manager Key employee | 40 | $287,785 | $0 | $70,816 |
| John Harris | VP of IS and Tech Key employee | 50 | $230,094 | $0 | $109,787 |
| Dan Dement | VP of Operations Key employee | 50 | $245,308 | $0 | $88,596 |
| Anthony Brown | Asst Ops Supv Highest-paid employee | 40 | $302,722 | $0 | $12,706 |
| Adam Fewell | Working Foreman Highest-paid employee | 60 | $233,049 | $0 | $78,008 |
| Tim Mayo | Ops Supv Highest-paid employee | 40 | $290,327 | $0 | $12,933 |
| Tuan Blank | VP of Finance Key employee | 55 | $249,998 | $0 | $52,404 |
| Dan C Bonds | Lineman Highest-paid employee | 60 | $245,554 | $0 | $49,933 |
14 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Steve Seger | Board Chairman Trustee or director, Officer | 18 | $48,490 | $18,450 |
| Mike Woods | Director Trustee or director | 14.5 | $35,730 | $18,600 |
| Will Jordan | Director Trustee or director | 18 | $32,520 | $18,450 |
| David Lee | Director Trustee or director | 15 | $35,710 | $0 |
| Harold Gordon Bone Jr | Director Trustee or director | 13.5 | $35,550 | $0 |
| Charles Bowman | Director Trustee or director | 13 | $35,360 | $0 |
| Ross Bradley | Director Trustee or director | 15 | $34,740 | $0 |
| Vanessa James Hickman | Board Secretary/Treasurer Trustee or director, Officer | 6 | $34,330 | $0 |
| James E Mills | Board Vice Chairman Trustee or director, Officer | 9 | $33,740 | $0 |
| Gloria O'Steen | Director Trustee or director | 10 | $33,730 | $0 |
| Maureen Thornton | Director Trustee or director | 8.5 | $24,250 | $0 |
| Shervondalonn Brown | Director Trustee or director | 7 | $17,850 | $0 |
| Lynn Edwards | Director Trustee or director | 15 | $14,450 | $0 |
| Ann Little | Director Trustee or director | 4 | $5,100 | $0 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CHRIS JONES | PRESIDENT/CE Officer | 54 | $1,029,800 | $0 | $331,700 |
| BRAD GIBSON | COO Key employee | 55 | $392,803 | $18,500 | $132,769 |
| GRAY BATEMAN | CHRO/VP OF H Key employee | 50 | $268,920 | $0 | $166,531 |
| THOMAS SUGGS | COO Key employee | 50 | $283,318 | $0 | $124,538 |
| CINDY LAYNE | CFO Officer | 50 | $308,253 | $0 | $97,571 |
| P D MYNATT | ASSISTANT GE Key employee | 45 | $315,269 | $0 | $72,403 |
| KEITH THOMASON | VP ENGINEERI Key employee | 45 | $228,992 | $0 | $150,330 |
| ROBERT WHITE | VP OF COMM R Key employee | 38 | $256,372 | $0 | $100,334 |
| DANIEL DEMENT | VP OPERATION Key employee | 50 | $228,977 | $0 | $123,602 |
| ROBERT S LONG | INFORMATION Highest-paid employee | 40 | $203,750 | $0 | $117,610 |
| ADAM FEWELL | LINEMAN/SERV Highest-paid employee | 69 | $225,861 | $0 | $65,160 |
| DAN C BONDS | LINEMAN/SERV Highest-paid employee | 74 | $219,768 | $0 | $52,000 |
| PHILLIP LIM | ANALYTICS AD Highest-paid employee | 40 | $209,515 | $0 | $59,913 |
| RYAN STEVENS | LINEMAN/SERV Highest-paid employee | 67 | $199,536 | $0 | $51,150 |
| TUAN BLANK | VP FINANCE Key employee | 50 | $214,591 | $0 | $29,914 |
| STEVE SEGER | BOARD CHAIR Trustee or director, Officer | 12 | $29,480 | $18,500 | $0 |
| WILL JORDAN | DIRECTOR Trustee or director | 8 | $22,810 | $18,500 | $0 |
| MIKE WOODS | DIRECTOR Trustee or director | 9 | $27,020 | $2,000 | $0 |
| HAROLD GORDON BONE JR | DIRECTOR Trustee or director | 9 | $24,440 | $0 | $0 |
| ROSS BRADLEY | DIRECTOR Trustee or director | 9 | $24,430 | $0 | $0 |
| DAVID LEE | DIRECTOR Trustee or director | 10 | $24,400 | $0 | $0 |
| JAMES E MILLS | BOARD VICE C Trustee or director, Officer | 9 | $24,230 | $0 | $0 |
| VANESSA JAMES HICKMAN | BOARD SEC/TR Trustee or director, Officer | 8 | $23,520 | $0 | $0 |
| GLORIA O'STEEN | DIRECTOR Trustee or director | 10 | $23,020 | $0 | $0 |
| CHARLES BOWMAN | DIRECTOR Trustee or director | 12 | $21,850 | $0 | $0 |
| ANN LITTLE | DIRECTOR Trustee or director | 8 | $21,310 | $0 | $0 |
| SHERVONDALONN BROWN | DIRECTOR Trustee or director | 8 | $20,830 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 555 NEW SALEM HWY, MURFREESBORO, TN 37129-3390
- Principal officer (990 for 2024)
- Chris Jones, 555 New Salem Highway, Murfreesboro, TN 37129
- Signed the 990
- Chris Jones, President/CEO
- Phone
- (615) 494-1582
- Website
- www.mtemc.com
- Return prepared by
- Jackson Thornton & Co PC
Mission
Middle Tennessee Electric Membership Corporation's mission is to provide affordable, reliable, safe electricity and outstanding member service.
Program accomplishments
- Middle Tennessee Electric Membership Corporation distributes electricity to about 349,500 residential and commercial members located in Cannon, Rutherford, Williamson, and Wilson counties. This service area includes parts of Davidson, DeKalb, Marshall, Maury, Smith, and Trousdale counties as well.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 62-0293472
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1947
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,248,197,177
- Income (IRS master file)
- $991,372,854
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $991,192,614 | $991,192,614 | $1,248,197,177 | XML |
| 990 | December 2023 | $897,322,235 | $897,322,235 | $1,148,117,576 | XML |
| 990 | December 2022 | $956,556,588 | $956,556,588 | $1,060,592,430 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-0293472).
Questions about MIDDLE TENNESSEE ELECTRIC MEMBERSHI P CORPORATION
- What is the EIN of MIDDLE TENNESSEE ELECTRIC MEMBERSHI P CORPORATION?
- The employer identification number (EIN) of MIDDLE TENNESSEE ELECTRIC MEMBERSHI P CORPORATION is 62-0293472.
- Is MIDDLE TENNESSEE ELECTRIC MEMBERSHI P CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1947.
- Are donations to MIDDLE TENNESSEE ELECTRIC MEMBERSHI P CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MIDDLE TENNESSEE ELECTRIC MEMBERSHI P CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MIDDLE TENNESSEE ELECTRIC MEMBERSHI P CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MIDDLE TENNESSEE ELECTRIC MEMBERSHI P CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MIDDLE TENNESSEE ELECTRIC MEMBERSHI P CORPORATION?
- The 990 for the year ended December 31, 2024 names Chris Jones.
- Who are the officers and directors of MIDDLE TENNESSEE ELECTRIC MEMBERSHI P CORPORATION?
- The 990 for the year ended December 31, 2024 lists 29 people; 29 received compensation from the organization, the highest $1,030,300 (Chris Jones, President/CEO).
- How much revenue does MIDDLE TENNESSEE ELECTRIC MEMBERSHI P CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $991,192,614, expenses of $991,192,614 and total assets of $1,248,197,177 at year end.
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