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Nonprofiteer
← CENTRAL GEORGIA ELECTRIC MEMBERSHIP CORP

Form 990 for tax year 2022

Filed by CENTRAL GEORGIA ELECTRIC MEMBERSHIP CORP.

Totals

Total revenue
$159,172,579
Total expenses
$163,326,905
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$158,908,527
Investment income
$496,179
Other revenue
-$232,127
Total assets, end of year
$394,066,955
Total liabilities, end of year
$293,064,673
Net assets or fund balances, end of year
$101,002,282
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ELECTRIC REVENUE

    total $153,063,240 · related or exempt $153,063,240

  • 2b · Program service revenue: G&T CAPITAL CREDITS

    total $2,409,440 · related or exempt $2,409,440

  • 2c · Program service revenue: POLE RENTAL

    total $1,995,804 · excluded $1,995,804

  • 2d · Program service revenue: OTHER CAPITAL CREDITS

    total $1,440,043 · related or exempt $1,440,043

  • 3 · Investment income

    total $496,179 · excluded $496,179

  • 11a · Other revenue: CENTEC LOSS/PROFIT

    total -$42,971 · related or exempt -$42,971

  • 11b · Other revenue: CENNAT LOSS/PROFIT

    total -$189,156 · related or exempt -$189,156

  • 11e · Other revenue, total

    -$232,127

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,409,440

  • 5 · Compensation of officers, directors and key employees

    total $878,421

  • 6 · Compensation of disqualified persons

    total $12,698

  • 20 · Interest

    total $6,660,121

  • 22 · Depreciation, depletion and amortization

    total $8,824,503

  • 24a · Other expenses: PURCHASED POWER

    total $120,114,558

  • 24b · Other expenses: DISTRIBUTION MAINTENANCE

    total $10,209,706

  • 24c · Other expenses: DISTRIBUTION OPERATIONS

    total $4,636,599

  • 24d · Other expenses: ADMIN. & GENERAL EXP.

    total $4,095,938

  • 24e · All other expenses

    total $5,484,921

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $750,214 · end of year $5,073,791

  • 2 · Savings and temporary cash investments

    beginning of year $9,407,000 · end of year $6,200,000

  • 4 · Accounts receivable

    beginning of year $11,860,422 · end of year $16,488,281

  • 8 · Inventories for sale or use

    beginning of year $5,077,034 · end of year $13,588,402

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,075,335 · end of year $5,487,955

  • 10a · Land, buildings and equipment: cost or other basis

    $357,558,025

  • 10b · Land, buildings and equipment: accumulated depreciation

    $62,485,934

  • 10c · Land, buildings and equipment, net

    beginning of year $235,182,863 · end of year $295,072,091

  • 13 · Investments: program-related

    beginning of year $50,010,944 · end of year $52,148,499

  • 15 · Other assets

    beginning of year $44,901 · end of year $7,936

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,922,417 · end of year $41,635,698

  • 19 · Deferred revenue

    beginning of year $11,725,002 · end of year $4,000,000

  • 23 · Secured mortgages and notes payable

    beginning of year $157,691,486 · end of year $196,019,981

  • 24 · Unsecured notes and loans payable

    beginning of year $24,950,000 · end of year $47,000,000

  • 25 · Other liabilities

    beginning of year $4,333,553 · end of year $4,408,994

  • 29 · Capital stock, trust principal or current funds

    beginning of year $258,990 · end of year $266,590

  • 31 · Retained earnings, endowment or other funds

    beginning of year $97,527,265 · end of year $100,735,692

Mission and programs · 2022

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WIHTHIN THE SYSTEM'S AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

  • N/A

  • N/A

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • George L Weaver

    PRESIDENT/ C

    Total calculated
    $633,471
    From this org
    $482,490
    From related orgs
    $0
    Other
    $150,981
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $424,505
    Bonus
    not reported
    Other
    $57,985
    Deferred
    $149,089
    Nontaxable benefits
    $1,892
    Filer's total
    $633,471

  • Ben Thomason

    COO

    Total calculated
    $406,545
    From this org
    $296,543
    From related orgs
    $0
    Other
    $110,002
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $282,620
    Bonus
    not reported
    Other
    $13,923
    Deferred
    $107,909
    Nontaxable benefits
    $2,093
    Filer's total
    $406,545

  • Herschel Arant

    SVP OF ENERG

    Total calculated
    $360,446
    From this org
    $270,371
    From related orgs
    $0
    Other
    $90,075
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $245,535
    Bonus
    not reported
    Other
    $24,836
    Deferred
    $88,115
    Nontaxable benefits
    $1,960
    Filer's total
    $360,446

  • Amber Ivey

    SVP OF CORPO

    Total calculated
    $353,984
    From this org
    $266,176
    From related orgs
    $0
    Other
    $87,808
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $247,320
    Bonus
    not reported
    Other
    $18,856
    Deferred
    $85,837
    Nontaxable benefits
    $1,971
    Filer's total
    $353,984

  • John Harkness

    SVP OF DIS.

    Total calculated
    $329,848
    From this org
    $249,813
    From related orgs
    $0
    Other
    $80,035
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $237,761
    Bonus
    not reported
    Other
    $12,052
    Deferred
    $78,128
    Nontaxable benefits
    $1,907
    Filer's total
    $329,848

  • Jeffrey Greeson

    VP OF IT

    Total calculated
    $311,681
    From this org
    $232,698
    From related orgs
    $0
    Other
    $78,983
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $219,735
    Bonus
    not reported
    Other
    $12,963
    Deferred
    $77,097
    Nontaxable benefits
    $1,886
    Filer's total
    $311,681

  • Blake Holmes

    VP OF ASSET

    Total calculated
    $302,393
    From this org
    $221,855
    From related orgs
    $0
    Other
    $80,538
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $217,443
    Bonus
    not reported
    Other
    $4,412
    Deferred
    $78,716
    Nontaxable benefits
    $1,822
    Filer's total
    $302,393

  • Phyllis Redd

    VP OF FIN. &

    Total calculated
    $275,258
    From this org
    $203,525
    From related orgs
    $0
    Other
    $71,733
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $201,730
    Bonus
    not reported
    Other
    $1,795
    Deferred
    $69,964
    Nontaxable benefits
    $1,769
    Filer's total
    $275,258

  • Christopher Mitchell

    DIR. CUST. &

    Total calculated
    $234,250
    From this org
    $172,662
    From related orgs
    $0
    Other
    $61,588
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $163,671
    Bonus
    not reported
    Other
    $8,991
    Deferred
    $60,042
    Nontaxable benefits
    $1,546
    Filer's total
    $234,250

  • Arthur White Jr

    CHAIRMAN

    Total calculated
    $32,550
    From this org
    $32,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Da Robinson III

    SEC - TREAS

    Total calculated
    $31,800
    From this org
    $31,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Phillip B Ham Jr

    DIRECTOR

    Total calculated
    $31,650
    From this org
    $31,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Daniel T Hamil

    DIRECTOR

    Total calculated
    $30,750
    From this org
    $30,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • J Everett Williams

    DIRECTOR

    Total calculated
    $30,300
    From this org
    $30,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Linda H Jordan

    ASST SEC-TRE

    Total calculated
    $30,150
    From this org
    $30,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Rod Mangham

    DIRECTOR

    Total calculated
    $29,400
    From this org
    $29,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Warren E Holder

    VICE CHAIRMA

    Total calculated
    $28,350
    From this org
    $28,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • John O Colwell

    FORMER DIREC

    Total calculated
    $12,698
    From this org
    $12,698
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $12,698
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $12,698

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CENTEC INC

    C CORP · ENERGY & T · GA · 100% owned · share of income -$42,971 · share of assets $59,861 · controlled entity

    Directly controlled by CGEMC

  • CENNAT INC

    C CORP · GAS MARKET · GA · 100% owned · share of income -$189,156 · share of assets $552,572 · controlled entity

    Directly controlled by CGEMC

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202343149349300429

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