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Nonprofiteer
← ALTAMAHA ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2024

Filed by ALTAMAHA ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$75,757,371
Total expenses
$74,545,134
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$73,493,862
Investment income
$58,377
Other revenue
$2,205,132
Total assets, end of year
$247,071,487
Total liabilities, end of year
$139,245,323
Net assets or fund balances, end of year
$107,826,164
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 $67,686,338 · related or exempt $67,686,338

  • 2b · Program service revenue: FIBER REVENUE

    total $3,879,260 · related or exempt $3,879,260

  • 2c · Program service revenue: PATRONAGE CAPITAL

    total $1,312,954 · related or exempt $1,312,954

  • 2d · Program service revenue: POLE RENTAL

    total $615,310 · excluded $615,310

  • 3 · Investment income

    total $58,377 · excluded $58,377

  • 11a · Other revenue: RENT OF ELEC. PROPERTY FIBER

    total $1,255,117 · related or exempt $1,255,117

  • 11b · Other revenue: RDOF REVENUE

    total $865,645 · unrelated business $865,645

  • 11c · Other revenue: OTHER MISC REVENUE

    total $84,370 · related or exempt $84,370

  • 11e · Other revenue, total

    $2,205,132

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $6,276,444

  • 5 · Compensation of officers, directors and key employees

    total $388,329

  • 20 · Interest

    total $3,401,337

  • 22 · Depreciation, depletion and amortization

    total $5,629,870

  • 24a · Other expenses: PURCHASED POWER

    total $41,201,899

  • 24b · Other expenses: MAINTENANCE

    total $5,934,274

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

    total $4,776,891

  • 24d · Other expenses: OPERATIONS

    total $4,360,526

  • 24e · All other expenses

    total $2,575,564

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,641,179 · end of year $6,435,939

  • 2 · Savings and temporary cash investments

    beginning of year $8,998,163 · end of year $5,505,412

  • 4 · Accounts receivable

    beginning of year $5,958,765 · end of year $6,418,767

  • 7 · Other notes and loans receivable

    beginning of year $1,000 · end of year $1,000

  • 8 · Inventories for sale or use

    beginning of year $7,476,433 · end of year $13,438,643

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,248,102 · end of year $1,375,527

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

    $238,091,690

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

    $54,729,821

  • 10c · Land, buildings and equipment, net

    beginning of year $144,316,511 · end of year $183,361,869

  • 13 · Investments: program-related

    beginning of year $29,557,887 · end of year $30,493,648

  • 15 · Other assets

    beginning of year $48,714 · end of year $40,682

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,894,436 · end of year $8,233,885

  • 23 · Secured mortgages and notes payable

    beginning of year $86,058,672 · end of year $120,491,551

  • 25 · Other liabilities

    beginning of year $10,803,193 · end of year $10,519,887

  • 29 · Capital stock, trust principal or current funds

    beginning of year $146,048 · end of year $146,550

  • 31 · Retained earnings, endowment or other funds

    beginning of year $100,344,405 · end of year $107,679,614

Mission and programs · 2024

Mission

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

  • TO PROVIDE THE BEST POSSIBBLE ELECTRIC SERVICE TO ALL WO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARS OF SERVICE.

  • N/A

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • George McLendon

    CEO/GENERAL

    Total calculated
    $348,379
    From this org
    $224,106
    From related orgs
    $0
    Other
    $124,273
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $182,952
    Bonus
    $13,445
    Other
    $27,709
    Deferred
    $45,767
    Nontaxable benefits
    $78,506
    Filer's total
    $348,379

  • Joshua Thigpen

    DISTRIBUTION

    Total calculated
    $252,235
    From this org
    $173,152
    From related orgs
    $0
    Other
    $79,083
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $145,499
    Bonus
    $14,348
    Other
    $13,305
    Deferred
    $20,693
    Nontaxable benefits
    $58,390
    Filer's total
    $252,235

  • Bill Kennedy

    DISTRICT MAN

    Total calculated
    $220,642
    From this org
    $135,049
    From related orgs
    $0
    Other
    $85,593
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $106,513
    Bonus
    $12,182
    Other
    $16,354
    Deferred
    $27,598
    Nontaxable benefits
    $57,995
    Filer's total
    $220,642

  • Jay Pittman

    CONSTRUCTION

    Total calculated
    $220,589
    From this org
    $134,996
    From related orgs
    $0
    Other
    $85,593
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $104,782
    Bonus
    $12,182
    Other
    $18,032
    Deferred
    $27,598
    Nontaxable benefits
    $57,995
    Filer's total
    $220,589

  • Matthew Johnson

    TRANSPORTATI

    Total calculated
    $217,462
    From this org
    $135,884
    From related orgs
    $0
    Other
    $81,578
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $122,657
    Bonus
    $1,354
    Other
    $11,873
    Deferred
    $22,396
    Nontaxable benefits
    $59,182
    Filer's total
    $217,462

  • Gene Morris

    MGR FINANCE/

    Total calculated
    $185,715
    From this org
    $138,588
    From related orgs
    $0
    Other
    $47,127
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $113,395
    Bonus
    $14,348
    Other
    $10,845
    Deferred
    $14,558
    Nontaxable benefits
    $32,569
    Filer's total
    $185,715

  • Randall Morris

    CHAIRMAN

    Total calculated
    $6,600
    From this org
    $6,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Billy Benton

    ASST. SEC./T

    Total calculated
    $5,050
    From this org
    $5,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Krista Anderson

    DIRECTOR

    Total calculated
    $4,650
    From this org
    $4,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Robert Youmans

    DIRECTOR

    Total calculated
    $4,550
    From this org
    $4,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Brandon Braddy

    VICE-CHAIRMA

    Total calculated
    $4,050
    From this org
    $4,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Drexel Braddy

    DIRECTOR

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Brett Williams

    SEC./TREASUR

    Total calculated
    $3,800
    From this org
    $3,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Dean Gowen

    DIRECTOR

    Total calculated
    $3,750
    From this org
    $3,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Danny Shepherd

    DIRECTOR

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ALTAMAHA FIBER LLC

    BROADBAND · GA · income $1,111,531 · assets $377,762

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.0
Source object
202503159349302325

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