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Nonprofiteer
← GEORGIA ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2023

Filed by GEORGIA ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$16,976,309
Total expenses
$16,365,435
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$16,976,309
Investment income
$0
Other revenue
$0
Total assets, end of year
$12,967,572
Total liabilities, end of year
$2,553,382
Net assets or fund balances, end of year
$10,414,190
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$16,365,435

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: MEMBERSHIP DUES

    total $9,089,723 · related or exempt $9,089,723

  • 2b · Program service revenue: GA MAGAZ,DIRECTORY,NWSLTR

    total $4,821,461 · related or exempt $4,821,461

  • 2c · Program service revenue: OTHER SERVICES

    total $1,377,108 · related or exempt $1,377,108

  • 2d · Program service revenue: SAFETY

    total $988,941 · related or exempt $988,941

  • 2e · Program service revenue: GA MAGAZINE ADS

    total $699,076 · unrelated business $699,076

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $634,734

  • 7 · Other salaries and wages

    total $5,510,867

  • 9 · Other employee benefits

    total $1,820,335

  • 10 · Payroll taxes

    total $401,116

  • 11b · Fees: legal

    total $296,391

  • 11c · Fees: accounting

    total $31,450

  • 13 · Office expenses

    total $2,251,142

  • 17 · Travel

    total $617,456

  • 19 · Conferences, conventions and meetings

    total $266,345

  • 23 · Insurance

    total $75,170

  • 24a · Other expenses: POSTAGE AND SHIPPING

    total $1,284,856

  • 24b · Other expenses: EDUCATION, TRAINING, SAFE

    total $694,006

  • 24c · Other expenses: PROGRAM ACTIVITIES

    total $501,313

  • 24d · Other expenses: WASHINGTON YOUTH TOUR

    total $429,033

  • 24e · All other expenses

    total $1,551,221

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,670,107 · end of year $10,454,766

  • 2 · Savings and temporary cash investments

    beginning of year $26,618 · end of year $50,470

  • 4 · Accounts receivable

    beginning of year $573,814 · end of year $370,218

  • 9 · Prepaid expenses and deferred charges

    beginning of year $461,285 · end of year $541,685

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

    $1,140,082

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

    $784,682

  • 10c · Land, buildings and equipment, net

    beginning of year $347,001 · end of year $355,400

  • 11 · Investments: publicly traded securities

    beginning of year $565,284 · end of year $567,712

  • 15 · Other assets

    beginning of year $916,910 · end of year $627,321

  • 17 · Accounts payable and accrued expenses

    beginning of year $381,493 · end of year $332,943

  • 25 · Other liabilities

    beginning of year $2,376,210 · end of year $2,220,439

  • 27 · Net assets without donor restrictions

    beginning of year $9,803,316 · end of year $10,414,190

Mission and programs · 2023

Mission

GEORGIA ELECTRIC MEMBERSHIP CORPORATION IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO : - FOSTER, DEVELOP AND ENCOURAGE THE PROGRAM OF RURAL ELECTRIFICATION IN THE STATE OF GEORGIA - FURTHER THE GENERAL WELFARE AND TO PROMOTE THE INTEREST OF THE MEMBERS OF GEMC; TO FURTHER THE SAFETY, STABILITY, SECURITY AND PROSPERITY OF ELECTRIC COOPERATIVES; TO AID IN SOLVING PROBLEMS COMMON TO ELECTRIC COOPERATIVES - DISSEMINATE INFORMATION RELATING TO THE RURAL ELECTRIFICATION PROGRAM; TO COOPERATE WITH FEDERAL, STATE AND MUNICIPAL AGENICES IN THE PROMOTION OF RURAL ELECTRIFICATION AND NATIONAL, STATE, COMMUNITY AND RURAL DEVELOPMENT; TO PROVIDE SERVICES AND INFORMATIONAL PROGRAMS THAT WILL STIMULATE LOCAL GROWTH, STABILITY AND SECURITY AND STRENGTHEN THE ELECTRIC COOPERATIVE PROGRAM IN GEORGIA - OTHERWISE ASSIST THE MEMBERS OF GEMC TO PROVIDE ELECTRIC ENERGY TO INHABITANTS OF MEMBER SERVICE AREAS AT THE LOWEST POSSIBLE COST CONSISTENT WITH SOUND ECONOMY

Activities or mission (Part I)

TO PROMOTE THE EMCS OF GEORGIA BY PROVIDING MEMBER-FOCUSED LEADERSHIP AND A UNIFIED VOICE THROUGH ADVOCACY, EDUCATION AND COMMUNICATION.

  • N/A

    Expenses $16,365,435

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dennis Chastain

    PRESIDENT &

    Total calculated
    $533,634
    From this org
    $441,927
    From related orgs
    $0
    Other
    $91,707
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $367,803
    Bonus
    $51,086
    Other
    $23,038
    Deferred
    $59,673
    Nontaxable benefits
    $32,034
    Filer's total
    $533,634

  • Kevin Curtin

    SENIOR VP

    Total calculated
    $464,267
    From this org
    $402,125
    From related orgs
    $0
    Other
    $62,142
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $323,689
    Bonus
    $57,180
    Other
    $21,256
    Deferred
    $55,903
    Nontaxable benefits
    $6,239
    Filer's total
    $464,267

  • Jennifer Bruce

    CFO - GEMC

    Total calculated
    $437,177
    From this org
    $356,568
    From related orgs
    $0
    Other
    $80,609
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,781
    Bonus
    $52,367
    Other
    $13,420
    Deferred
    $52,568
    Nontaxable benefits
    $28,041
    Filer's total
    $437,177

  • Pat Merritt

    VP-COMM & EC

    Total calculated
    $308,469
    From this org
    $265,399
    From related orgs
    $0
    Other
    $43,070
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,876
    Bonus
    $35,253
    Other
    $22,270
    Deferred
    $38,326
    Nontaxable benefits
    $4,744
    Filer's total
    $308,469

  • Lindsay Bridges

    SR VP-COMM/M

    Total calculated
    $308,290
    From this org
    $238,396
    From related orgs
    $0
    Other
    $69,894
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,419
    Bonus
    $16,799
    Other
    $10,178
    Deferred
    $36,798
    Nontaxable benefits
    $33,096
    Filer's total
    $308,290

  • Harry Reeves

    VICE PRESIDE

    Total calculated
    $306,613
    From this org
    $240,748
    From related orgs
    $0
    Other
    $65,865
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,128
    Bonus
    $33,583
    Other
    $15,037
    Deferred
    $35,517
    Nontaxable benefits
    $30,348
    Filer's total
    $306,613

  • Edward Crowell

    CHAIRMAN

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Eddie Gore

    VICE CHAIRMA

    Total calculated
    $5,400
    From this org
    $5,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Brenda P Green

    DIRECTOR

    Total calculated
    $5,400
    From this org
    $5,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Amy Orr

    DIRECTOR

    Total calculated
    $5,400
    From this org
    $5,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Therol Brown

    DIRECTOR

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • David Chaney

    DIRECTOR

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mike McDonald

    DIRECTOR

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Maribeth Wansley

    DIRECTOR

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Charles L Knight

    DIRECTOR

    Total calculated
    $3,300
    From this org
    $3,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Rodney L Chandler

    DIRECTOR

    Total calculated
    $3,100
    From this org
    $3,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Hugh L Brantley

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Tim Garrett

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jimmy Hammett

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Horace H Weathersby III

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Algie J Jones Jr

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Gene Morris

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • David J Pierce

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Billy Senkbeil

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Neal L Talton

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Phillip Ham Jr

    DIRECTOR

    Total calculated
    $2,700
    From this org
    $2,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jerry Rhodes

    DIRECTOR

    Total calculated
    $2,700
    From this org
    $2,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Linton Scott

    DIRECTOR

    Total calculated
    $2,400
    From this org
    $2,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John T Woods

    DIRECTOR

    Total calculated
    $2,400
    From this org
    $2,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • David Wall

    DIRECTOR

    Total calculated
    $2,400
    From this org
    $2,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Danny Henson

    DIRECTOR

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Billy Ray Allen

    DIRECTOR

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Stephen Goodman

    DIRECTOR

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Cecil O Myers

    DIRECTOR

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Robert Youmans

    DIRECTOR

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Lavanda Lynn

    DIRECTOR

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Galen Mills

    DIRECTOR

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • J Neal Shepard Jr

    DIRECTOR

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Louis Cassotta

    DIRECTOR

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • B Don Copeland

    DIRECTOR

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jerry Pack

    DIRECTOR

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Raphael A Brumbeloe

    DIRECTOR

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Charles Fendley

    DIRECTOR

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Tim Heard

    DIRECTOR

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Gary Porter

    DIRECTOR

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Johnny Allgood

    DIRECTOR

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Steve Holt

    DIRECTOR

    Total calculated
    $300
    From this org
    $300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Carey Locke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marshall S Millwood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Proctor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Stephens

    SEC/TREAS

    Total calculated
    $0
    Hours/week
    2

  • Kathryn West

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jimmy Woodard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 June 2024
IRS schema version
2023v5.0
Source object
202441849349301224

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