FRENCH BROAD ELECTRIC MEMBERSHIP CORP: Single Audit Reports and Findings

FRENCH BROAD ELECTRIC MEMBERSHIP CORP filed 6 single audits between 2019 and 2025; the most recently observed auditor is ADAMS, JENKINS & CHEATHAM (2025), and the 2025 report lists 0 findings. Data as of 2026-09-18.

Data as of Sep 18, 2026 · Source: Federal Audit Clearinghouse (public data)

Single audits by year

One row per audit year as the Federal Audit Clearinghouse accepted it. The auditor named is the one observed on that filing; FRENCH BROAD ELECTRIC MEMBERSHIP CORP is recorded in MARSHALL, North Carolina under EIN 560229234, and the Clearinghouse records it as a nonprofit.

Single audits filed by FRENCH BROAD ELECTRIC MEMBERSHIP CORP
Audit yearFiscal year endFederal expendedThreshold appliedAuditor observedFindingsMW / SDFAC report
20252025-09-30$37,372,355$1,000,000ADAMS, JENKINS & CHEATHAM02025-09-GSAFAC-0000422476
20242024-09-30$2,852,106$750,000ADAMS, JENKINS & CHEATHAM02024-09-GSAFAC-0000373516
20232023-09-30$2,747,162$750,000ADAMS, JENKINS & CHEATHAM02023-09-GSAFAC-0000045565
20222022-09-30$3,172,559$750,000ADAMS, JENKINS & CHEATHAM02022-09-CENSUS-0000081176
20212021-09-30$2,356,844$750,000ADAMS, JENKINS & CHEATHAM02021-09-CENSUS-0000081176
20192019-09-30$1,275,678$750,000ADAMS, JENKINS & CHEATHAM02019-09-CENSUS-0000081176

Which federal programs did this organization report?

From the most recent accepted report. "Major" is the designation the auditor made under 2 CFR 200.518, not ours.

Federal programs on the most recent report
ALNProgramExpendedMajor
97.036DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS)$34,468,530Yes
97.036DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS)$1,336,461Yes
21.027CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS$542,058Yes
21.027CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS$520,721Yes
21.027CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS$239,287Yes
10.752RURAL ECONNECTIVITY PILOT PROGRAM$134,825Yes
21.027CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS$71,898Yes
21.027CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS$51,738Yes
21.027CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS$6,837Yes

What findings did the auditor report?

The reference and the requirement letter are the ones the auditor used. The finding text itself is not reproduced here; the FAC report linked above carries it in full.

The most recent report lists no finding.

Form 990 and IRS registration

Form 990 "accounting fees" (Part IX line 11c) cover all accounting services reported by the organization and are not the price of an audit engagement.

Most recent return
990 for 2024-12
Total revenue
$87,808,544
Total assets
$201,532,362
Paid preparer
ADAMS JENKINS & CHEATHAM
IRS object id
202512069349300531
Exempt under
501(c)(12)
Ruling year
1966
BMF release
2026-09-17

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How we computed this

Every row comes from the Federal Audit Clearinghouse record named beside it, one report per audit year, with a resubmission superseding the filing it replaces. The auditor is the one named on that filing — it is not a statement about who audits FRENCH BROAD ELECTRIC MEMBERSHIP CORP now. Form 990 figures come from the IRS e-filed return named by its object id. This page exists because the organization filed at least two single audits, or one with a finding.

Cite this page

AuditRadar. “FRENCH BROAD ELECTRIC MEMBERSHIP CORP Single Audits.” https://getauditradar.com/single-audits/nc/french-broad-electric-membership-corp-560229234/. Data as of 2026-09-18.

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