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Nonprofiteer
← NORTH GEORGIA ELECTRIC MEMBERSHIP

Form 990 for tax year 2022

Filed by NORTH GEORGIA ELECTRIC MEMBERSHIP.

Totals

Total revenue
$272,603,942
Total expenses
$272,603,942
Contributions and grants received
$0
Grants paid
$25,159
Program service revenue
$262,922,610
Investment income
$1,195,775
Other revenue
$8,485,557
Total assets, end of year
$415,304,530
Total liabilities, end of year
$197,211,892
Net assets or fund balances, end of year
$218,092,638
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: Residential sales

    total $169,224,396 · related or exempt $169,224,396

  • 2b · Program service revenue: Large commercial

    total $67,723,804 · related or exempt $67,723,804

  • 2c · Program service revenue: Small commercial

    total $21,752,491 · related or exempt $21,752,491

  • 2d · Program service revenue: Outdoor lighting

    total $4,221,919 · related or exempt $4,221,919

  • 3 · Investment income

    total $964,289 · excluded $964,289

  • 6a · Gross rents

    real property $6,106,841

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $6,106,841

  • 6d · Net rental income or loss

    total $6,106,841 · excluded $6,106,841

  • 7a · Gross sales of assets other than inventory

    other assets $231,486

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $231,486

  • 7d · Net gain or loss

    total $231,486 · related or exempt $231,486

  • 11a · Other revenue: Misc service revenue

    total $1,125,240 · related or exempt $1,125,240

  • 11b · Other revenue: Revenue from late paym

    total $1,090,387 · related or exempt $1,090,387

  • 11c · Other revenue: Other electric revenue

    total $163,089 · related or exempt $163,089

  • 11e · Other revenue, total

    $2,378,716

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,159

  • 4 · Benefits paid to or for members

    total $411,513

  • 5 · Compensation of officers, directors and key employees

    total $1,615,060

  • 20 · Interest

    total $4,719,944

  • 22 · Depreciation, depletion and amortization

    total $18,718,759

  • 24a · Other expenses: Cost of Power

    total $207,196,751

  • 24b · Other expenses: Distribution - maintena

    total $11,312,875

  • 24c · Other expenses: Distribution - Operatio

    total $11,221,573

  • 24d · Other expenses: Adminstrative & General

    total $8,032,430

  • 24e · All other expenses

    total $9,349,878

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,148,668 · end of year $2,546,089

  • 4 · Accounts receivable

    beginning of year $28,675,211 · end of year $21,455,476

  • 7 · Other notes and loans receivable

    beginning of year $3,931,937 · end of year $3,887,001

  • 8 · Inventories for sale or use

    beginning of year $3,990,423 · end of year $6,543,729

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,415,644 · end of year $2,197,667

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

    $521,841,927

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

    $147,970,615

  • 10c · Land, buildings and equipment, net

    beginning of year $354,329,992 · end of year $373,871,312

  • 12 · Investments: other securities

    beginning of year $4,467,037 · end of year $4,571,322

  • 15 · Other assets

    beginning of year $0 · end of year $231,934

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,242,701 · end of year $26,773,807

  • 23 · Secured mortgages and notes payable

    beginning of year $141,347,065 · end of year $153,770,926

  • 25 · Other liabilities

    beginning of year $14,972,205 · end of year $16,667,159

  • 29 · Capital stock, trust principal or current funds

    beginning of year $855,420 · end of year $862,360

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $216,541,521 · end of year $217,230,278

Mission and programs · 2022

Mission

To promote and encourage the use of electric energy and make it available to consumers at the lowest possible cost consistent with sound economy and good management.

Activities or mission (Part I)

To promote and encourage the use of electric energy and make it available (continued on Schedule O) to consumers at the lowest possible cost consistent with sound economy and good management.

  • North Georgia EMC is a not-for-profit electric cooperative serving over 100,000 meters in Catoosa, Chattooga, Floyd, Gordon, Murray, Walker, and Whitfield counties.

As filed on the 2022 return.

Listed in Part VII

  • Dr George Gallagher

    Director

    Total calculated
    $3,270
    From this org
    $3,270
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Mark Thomas

    Director

    Total calculated
    $10,205
    From this org
    $10,205
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.1

  • William Larry Keown

    Vice-Chairman

    Total calculated
    $7,625
    From this org
    $7,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • John Howard

    Secretary/Treasurer

    Total calculated
    $10,845
    From this org
    $10,845
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.5

  • Ted Clark

    Chairman of the Board

    Total calculated
    $10,040
    From this org
    $10,040
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.1

  • Denia Reese

    Director

    Total calculated
    $8,125
    From this org
    $8,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.7

  • Jason Parker

    Director

    Total calculated
    $10,985
    From this org
    $10,985
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.7

  • Kathryn D West

    President and CEO

    Total calculated
    $401,112
    From this org
    $339,540
    From related orgs
    $0
    Other
    $61,572
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $330,865
    Bonus
    $0
    Other
    $8,675
    Deferred
    $34,001
    Nontaxable benefits
    $27,571
    Filer's total
    $401,112

  • Brian Childers

    Vice President of Informat

    Total calculated
    $247,520
    From this org
    $188,792
    From related orgs
    $0
    Other
    $58,728
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $181,631
    Bonus
    $0
    Other
    $7,161
    Deferred
    $29,580
    Nontaxable benefits
    $29,148
    Filer's total
    $247,520

  • Paul Ruud

    Vice President of Engineer

    Total calculated
    $231,660
    From this org
    $166,941
    From related orgs
    $0
    Other
    $64,719
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $157,818
    Bonus
    $0
    Other
    $9,123
    Deferred
    $29,601
    Nontaxable benefits
    $35,118
    Filer's total
    $231,660

  • Jeff Brown

    Vice President of Operatio

    Total calculated
    $230,075
    From this org
    $164,576
    From related orgs
    $0
    Other
    $65,499
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $157,037
    Bonus
    $0
    Other
    $7,539
    Deferred
    $29,601
    Nontaxable benefits
    $35,898
    Filer's total
    $230,075

  • Kim Gamel

    Vice President of Corporat

    Total calculated
    $224,684
    From this org
    $162,431
    From related orgs
    $0
    Other
    $62,253
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $160,116
    Bonus
    $0
    Other
    $2,315
    Deferred
    $29,601
    Nontaxable benefits
    $32,652
    Filer's total
    $224,684

  • Alisa Basaraba

    V.P. Member Services

    Total calculated
    $218,914
    From this org
    $164,177
    From related orgs
    $0
    Other
    $54,737
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $155,631
    Bonus
    $0
    Other
    $8,546
    Deferred
    $29,063
    Nontaxable benefits
    $25,674
    Filer's total
    $218,914

  • James Rodgers

    Asst Mgr, Operations Serv

    Total calculated
    $187,297
    From this org
    $142,296
    From related orgs
    $0
    Other
    $45,001
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $138,561
    Bonus
    $0
    Other
    $3,735
    Deferred
    $16,627
    Nontaxable benefits
    $28,374
    Filer's total
    $187,297

  • Earnest Witherow

    Mgr. Field Administration

    Total calculated
    $200,590
    From this org
    $146,312
    From related orgs
    $0
    Other
    $54,278
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $142,072
    Bonus
    $0
    Other
    $4,240
    Deferred
    $25,588
    Nontaxable benefits
    $28,690
    Filer's total
    $200,590

  • David Craig

    Mgr. Operation Services - East

    Total calculated
    $191,921
    From this org
    $145,252
    From related orgs
    $0
    Other
    $46,669
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $140,808
    Bonus
    $0
    Other
    $4,444
    Deferred
    $25,746
    Nontaxable benefits
    $20,923
    Filer's total
    $191,921

  • Colter Faith

    Line Workers/Service Worker

    Total calculated
    $160,543
    From this org
    $143,564
    From related orgs
    $0
    Other
    $16,979
    Hours/week
    56

    Schedule J breakdown matched by us

    Base
    $87,916
    Bonus
    $0
    Other
    $55,648
    Deferred
    $7,966
    Nontaxable benefits
    $9,013
    Filer's total
    $160,543

  • James Towers

    Mgr. Field Engineer

    Total calculated
    $196,682
    From this org
    $146,027
    From related orgs
    $0
    Other
    $50,655
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $139,887
    Bonus
    $0
    Other
    $6,140
    Deferred
    $21,603
    Nontaxable benefits
    $29,052
    Filer's total
    $196,682

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 · 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

  • North Georgia Electric Membership Foundation Inc

    $10,000

    This donation is part of the CoBank Sharing Success Grant Match where CoBank will match the donation up to $10,000 to a charity of choice.

  • Chatanooga Area Food Bank Inc

    $10,000

    This donation is one time donation to the Chattanooga Area Food Bank to help with their mission of eliminating hunger by feeding, nourishing, and empowering those they serve.

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.

  • Ohmni Services of North Georgia

    C · Holding company · GA · 100% owned · controlled entity

    Directly controlled by North Georgia Electric Membership Corporation

Provenance

Return type
form_990
Tax year
2022
Filed
18 December 2023
IRS schema version
2022v5.0
Source object
202313549349301301

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