Okefenoke Rural Electric Membership Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 68,703,485 | 68,703,485 | 0 | 8.4 | 0% |
| 2012 | 64,698,804 | 64,698,804 | 0 | 9.3 | 1% |
| 2013 | 67,202,289 | 67,202,289 | 0 | 9.1 | 0% |
| 2014 | 70,689,914 | 70,689,914 | 0 | 8.9 | 0% |
| 2015 | 65,857,715 | 65,857,715 | 0 | 9.8 | 0% |
| 2016 | 66,931,588 | 66,931,588 | 0 | 9.9 | 1% |
| 2017 | 70,199,001 | 70,199,001 | 0 | 9.8 | 1% |
| 2018 | 73,487,720 | 73,487,720 | 0 | 9.8 | 1% |
| 2019 | 74,701,644 | 74,701,644 | 0 | 9.8 | 1% |
| 2020 | 74,126,821 | 74,126,821 | 0 | 10.3 | 1% |
| 2021 | 74,995,263 | 74,995,263 | 0 | 10.7 | 1% |
| 2022 | 89,561,541 | 89,561,541 | 0 | 9.2 | 1% |
| 2023 | 88,852,838 | 88,852,838 | 0 | 9.7 | 1% |
In its most recent public year (2023), this organization brought in $0 more than it spent. Its reserves stood at about 9.7 months of spending, up from 8.4 in 2011. Staff pay was 1% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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