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Nonprofiteer
← GEORGIA TRANSMISSION CORPORATION

Form 990 for tax year 2022

Filed by GEORGIA TRANSMISSION CORPORATION.

Totals

Total revenue
$380,617,270
Total expenses
$380,617,270
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$377,638,104
Investment income
$2,979,166
Other revenue
$0
Total assets, end of year
$2,954,026,800
Total liabilities, end of year
$2,568,905,995
Net assets or fund balances, end of year
$385,120,805
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Network Service Revenue

    total $331,035,336 · related or exempt $331,035,336 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Transmission Rental Income

    total $43,334,018 · related or exempt $43,334,018 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Other Revenues

    total $5,268,750 · related or exempt $5,268,750 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Refund To Members

    total -$2,000,000 · related or exempt -$2,000,000 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,979,166 · related or exempt $2,979,166 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $23,304,606

  • 5 · Compensation of officers, directors and key employees

    total $5,236,956

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $22,961,040

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $7,387,392

  • 10 · Payroll taxes

    total $1,697,978

  • 11b · Fees: legal

    total $406,604

  • 11g · Fees: other

    total $23,002,246

  • 12 · Advertising and promotion

    total $123,083

  • 13 · Office expenses

    total $5,267,515

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $891,570

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $174,841

  • 20 · Interest

    total $76,439,065

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $79,645,281

  • 23 · Insurance

    total $1,766,122

  • 24a · Other expenses: Parity Expense

    total $53,791,786

  • 24b · Other expenses: GSOC Ops/SS Charges

    total $30,850,235

  • 24c · Other expenses: Property/Other Taxes

    total $26,679,144

  • 24d · Other expenses: Control Center/Trans Reserve

    total $18,581,732

  • 24e · All other expenses

    total $2,410,074

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $95,867,566 · end of year $43,424,075

  • 4 · Accounts receivable

    beginning of year $37,596,600 · end of year $43,796,739

  • 8 · Inventories for sale or use

    beginning of year $20,841,361 · end of year $30,463,651

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,673,508 · end of year $44,457,330

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

    $4,100,285,663

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

    $1,332,910,434

  • 10c · Land, buildings and equipment, net

    beginning of year $2,554,286,841 · end of year $2,767,375,229

  • 13 · Investments: program-related

    beginning of year $24,641,924 · end of year $24,509,776

  • 17 · Accounts payable and accrued expenses

    beginning of year $287,567,208 · end of year $388,889,016

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $94,465,000 · end of year $94,465,000

  • 23 · Secured mortgages and notes payable

    beginning of year $2,030,550,068 · end of year $2,079,991,959

  • 25 · Other liabilities

    beginning of year $6,509,324 · end of year $5,560,020

  • 27 · Net assets without donor restrictions

    beginning of year $361,816,200 · end of year $385,120,805

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

Transmission of Electricity

  • Principal Business is providing transmission services. At 12/31/22, Georgia Transmission Corporation owned approximately 3,916 miles of transmission lines and 774 substations. Georgia Transmission Corporation succeeded to all of Oglethorpe's rights and obligations with respect to the Integrated Transmission System.

As filed on the 2022 return.

Listed in Part VII

  • Barbara Hampton

    President, CEO

    Total calculated
    $682,119
    From this org
    $607,644
    From related orgs
    $0
    Other
    $74,475
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $538,656
    Bonus
    $25,700
    Other
    $43,288
    Deferred
    $40,500
    Nontaxable benefits
    $5,876
    Filer's total
    $654,020

    Schedule J breakdown matched by us

    Base
    $538,656
    Bonus
    $25,700
    Other
    $43,288
    Deferred
    $40,500
    Nontaxable benefits
    $33,975
    Filer's total
    $682,119

  • Keith Daniel

    SVP Transmission Policy

    Total calculated
    $537,675
    From this org
    $452,979
    From related orgs
    $0
    Other
    $84,696
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $410,189
    Bonus
    $500
    Other
    $42,289
    Deferred
    $40,500
    Nontaxable benefits
    $15,610
    Filer's total
    $509,088

    Schedule J breakdown matched by us

    Base
    $410,189
    Bonus
    $500
    Other
    $42,289
    Deferred
    $40,500
    Nontaxable benefits
    $44,196
    Filer's total
    $537,674

  • Dustin Zubke

    Sr VP and CFO

    Total calculated
    $529,628
    From this org
    $448,774
    From related orgs
    $0
    Other
    $80,854
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $394,557
    Bonus
    $25,500
    Other
    $28,717
    Deferred
    $40,500
    Nontaxable benefits
    $11,768
    Filer's total
    $501,042

    Schedule J breakdown matched by us

    Base
    $394,557
    Bonus
    $25,500
    Other
    $28,717
    Deferred
    $40,500
    Nontaxable benefits
    $40,354
    Filer's total
    $529,628

  • David Van Winkle

    SVP Operations & Maintenance

    Total calculated
    $471,351
    From this org
    $389,051
    From related orgs
    $0
    Other
    $82,300
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $358,065
    Bonus
    $500
    Other
    $30,486
    Deferred
    $40,500
    Nontaxable benefits
    $13,404
    Filer's total
    $442,955

    Schedule J breakdown matched by us

    Base
    $358,065
    Bonus
    $500
    Other
    $30,486
    Deferred
    $40,500
    Nontaxable benefits
    $41,800
    Filer's total
    $471,351

  • John Raese

    Sr VP Project Services

    Total calculated
    $436,665
    From this org
    $368,544
    From related orgs
    $0
    Other
    $68,121
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $338,530
    Bonus
    $500
    Other
    $29,514
    Deferred
    $40,500
    Nontaxable benefits
    $7,406
    Filer's total
    $416,450

    Schedule J breakdown matched by us

    Base
    $338,530
    Bonus
    $500
    Other
    $29,514
    Deferred
    $40,500
    Nontaxable benefits
    $27,621
    Filer's total
    $436,665

  • Angela Sheffield

    VP Gen Audit/Chief Reg Cpl Officer

    Total calculated
    $421,546
    From this org
    $339,680
    From related orgs
    $0
    Other
    $81,866
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,567
    Bonus
    $12,155
    Other
    $21,958
    Deferred
    $40,500
    Nontaxable benefits
    $8,966
    Filer's total
    $389,146

    Schedule J breakdown matched by us

    Base
    $305,567
    Bonus
    $12,155
    Other
    $21,958
    Deferred
    $40,500
    Nontaxable benefits
    $41,366
    Filer's total
    $421,546

  • Joe Sowell

    VP System Planning

    Total calculated
    $393,863
    From this org
    $315,011
    From related orgs
    $0
    Other
    $78,852
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $302,748
    Bonus
    $774
    Other
    $11,489
    Deferred
    $40,500
    Nontaxable benefits
    $6,030
    Filer's total
    $361,541

    Schedule J breakdown matched by us

    Base
    $302,748
    Bonus
    $774
    Other
    $11,489
    Deferred
    $40,500
    Nontaxable benefits
    $38,352
    Filer's total
    $393,863

  • Angela Farsee

    VP Human Resources

    Total calculated
    $376,509
    From this org
    $307,742
    From related orgs
    $0
    Other
    $68,767
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $287,861
    Bonus
    $500
    Other
    $19,381
    Deferred
    $40,500
    Nontaxable benefits
    $8,279
    Filer's total
    $356,521

    Schedule J breakdown matched by us

    Base
    $287,861
    Bonus
    $500
    Other
    $19,381
    Deferred
    $40,500
    Nontaxable benefits
    $28,267
    Filer's total
    $376,509

  • Lynn Huffines

    Controller

    Total calculated
    $360,994
    From this org
    $292,828
    From related orgs
    $0
    Other
    $68,166
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,730
    Bonus
    $774
    Other
    $5,324
    Deferred
    $40,500
    Nontaxable benefits
    $4,777
    Filer's total
    $338,105

    Schedule J breakdown matched by us

    Base
    $286,730
    Bonus
    $774
    Other
    $5,324
    Deferred
    $40,500
    Nontaxable benefits
    $27,666
    Filer's total
    $360,994

  • Anne Hicks

    General Counsel

    Total calculated
    $359,120
    From this org
    $279,130
    From related orgs
    $0
    Other
    $79,990
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $274,325
    Bonus
    $1,000
    Other
    $3,805
    Deferred
    $40,500
    Nontaxable benefits
    $7,242
    Filer's total
    $326,872

    Schedule J breakdown matched by us

    Base
    $274,325
    Bonus
    $1,000
    Other
    $3,805
    Deferred
    $40,500
    Nontaxable benefits
    $39,490
    Filer's total
    $359,120

  • Kevin Luke

    Director, Transmission Maintenance

    Total calculated
    $312,258
    From this org
    $233,724
    From related orgs
    $0
    Other
    $78,534
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,130
    Bonus
    $3,500
    Other
    $14,094
    Deferred
    $35,278
    Nontaxable benefits
    $11,256
    Filer's total
    $280,258

    Schedule J breakdown matched by us

    Base
    $216,130
    Bonus
    $3,500
    Other
    $14,094
    Deferred
    $35,278
    Nontaxable benefits
    $43,256
    Filer's total
    $312,258

  • J Camron Carden

    VP Transmission Projects

    Total calculated
    $309,172
    From this org
    $236,570
    From related orgs
    $0
    Other
    $72,602
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,386
    Bonus
    $500
    Other
    $7,684
    Deferred
    $34,792
    Nontaxable benefits
    $10,004
    Filer's total
    $281,366

    Schedule J breakdown matched by us

    Base
    $228,386
    Bonus
    $500
    Other
    $7,684
    Deferred
    $34,792
    Nontaxable benefits
    $37,810
    Filer's total
    $309,172

  • Anthony Wright

    Dir, Electronic Maint. & Operational Communication

    Total calculated
    $295,062
    From this org
    $222,926
    From related orgs
    $0
    Other
    $72,136
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,967
    Bonus
    $500
    Other
    $11,459
    Deferred
    $30,425
    Nontaxable benefits
    $9,756
    Filer's total
    $263,107

    Schedule J breakdown matched by us

    Base
    $210,967
    Bonus
    $500
    Other
    $11,459
    Deferred
    $30,425
    Nontaxable benefits
    $41,711
    Filer's total
    $295,062

  • Michael Fourman

    Dir, Engineering & Business Intelligence

    Total calculated
    $294,462
    From this org
    $231,373
    From related orgs
    $0
    Other
    $63,089
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,887
    Bonus
    $774
    Other
    $8,712
    Deferred
    $35,332
    Nontaxable benefits
    $5,137
    Filer's total
    $271,842

    Schedule J breakdown matched by us

    Base
    $221,887
    Bonus
    $774
    Other
    $8,712
    Deferred
    $35,332
    Nontaxable benefits
    $27,757
    Filer's total
    $294,462

  • Chris Beavers

    Dir, Internal Audit

    Total calculated
    $289,476
    From this org
    $216,202
    From related orgs
    $0
    Other
    $73,274
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,726
    Bonus
    $2,674
    Other
    $3,803
    Deferred
    $32,569
    Nontaxable benefits
    $8,780
    Filer's total
    $257,552

    Schedule J breakdown matched by us

    Base
    $209,726
    Bonus
    $2,674
    Other
    $3,803
    Deferred
    $32,569
    Nontaxable benefits
    $40,705
    Filer's total
    $289,477

  • Steve Beaulieu

    Dir, Member Relations

    Total calculated
    $288,644
    From this org
    $220,688
    From related orgs
    $0
    Other
    $67,956
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,133
    Bonus
    $500
    Other
    $31,055
    Deferred
    $30,875
    Nontaxable benefits
    $14,567
    Filer's total
    $266,130

    Schedule J breakdown matched by us

    Base
    $189,133
    Bonus
    $500
    Other
    $31,055
    Deferred
    $30,875
    Nontaxable benefits
    $37,081
    Filer's total
    $288,644

  • Robert Casey

    Mgr, Member Planning Services

    Total calculated
    $285,554
    From this org
    $226,238
    From related orgs
    $0
    Other
    $59,316
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,997
    Bonus
    $5,500
    Other
    $9,741
    Deferred
    $32,492
    Nontaxable benefits
    $4,297
    Filer's total
    $263,027

    Schedule J breakdown matched by us

    Base
    $210,997
    Bonus
    $5,500
    Other
    $9,741
    Deferred
    $32,492
    Nontaxable benefits
    $26,824
    Filer's total
    $285,554

  • Nathan Lovett

    Sr Mgr, Relay & Control Design

    Total calculated
    $284,522
    From this org
    $224,702
    From related orgs
    $0
    Other
    $59,820
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,839
    Bonus
    $500
    Other
    $4,363
    Deferred
    $32,322
    Nontaxable benefits
    $4,897
    Filer's total
    $261,921

    Schedule J breakdown matched by us

    Base
    $219,839
    Bonus
    $500
    Other
    $4,363
    Deferred
    $32,322
    Nontaxable benefits
    $27,498
    Filer's total
    $284,522

  • Jenny Buttrey

    Assistant Controller

    Total calculated
    $280,721
    From this org
    $209,351
    From related orgs
    $0
    Other
    $71,370
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,420
    Bonus
    $1,000
    Other
    $1,932
    Deferred
    $33,121
    Nontaxable benefits
    $6,312
    Filer's total
    $248,785

    Schedule J breakdown matched by us

    Base
    $206,420
    Bonus
    $1,000
    Other
    $1,932
    Deferred
    $33,121
    Nontaxable benefits
    $38,249
    Filer's total
    $280,722

  • Jay Horsley

    Dir, Safety & Technical Training

    Total calculated
    $275,399
    From this org
    $214,141
    From related orgs
    $0
    Other
    $61,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,564
    Bonus
    $1,206
    Other
    $11,370
    Deferred
    $32,424
    Nontaxable benefits
    $6,310
    Filer's total
    $252,874

    Schedule J breakdown matched by us

    Base
    $201,564
    Bonus
    $1,206
    Other
    $11,370
    Deferred
    $32,424
    Nontaxable benefits
    $28,834
    Filer's total
    $275,398

  • Lynn Watkins

    Dir, Finance, Rates & Treasury

    Total calculated
    $270,987
    From this org
    $223,939
    From related orgs
    $0
    Other
    $47,048
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,258
    Bonus
    $774
    Other
    $2,908
    Deferred
    $34,029
    Nontaxable benefits
    $2,007
    Filer's total
    $259,976

    Schedule J breakdown matched by us

    Base
    $220,258
    Bonus
    $774
    Other
    $2,908
    Deferred
    $34,029
    Nontaxable benefits
    $13,020
    Filer's total
    $270,989

  • Joey Lowery

    Mgr, System Reliability

    Total calculated
    $258,220
    From this org
    $212,565
    From related orgs
    $0
    Other
    $45,655
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,232
    Bonus
    $774
    Other
    $4,559
    Deferred
    $32,499
    Nontaxable benefits
    $2,187
    Filer's total
    $247,251

    Schedule J breakdown matched by us

    Base
    $207,232
    Bonus
    $774
    Other
    $4,559
    Deferred
    $32,499
    Nontaxable benefits
    $13,155
    Filer's total
    $258,219

  • Jill Tietjen

    Director

    Total calculated
    $29,130
    From this org
    $29,130
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    $29,130
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $29,130

    Schedule J breakdown matched by us

    Base
    $29,130
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $29,130

  • Charles Fendley

    Director

    Total calculated
    $18,900
    From this org
    $18,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $18,900
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $18,900

    Schedule J breakdown matched by us

    Base
    $18,900
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $18,900

  • Jack Waters

    Director

    Total calculated
    $16,250
    From this org
    $16,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $16,250
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $16,250

    Schedule J breakdown matched by us

    Base
    $16,250
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $16,250

  • Steve Rawl

    Director

    Total calculated
    $15,470
    From this org
    $15,470
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $15,470
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $15,470

    Schedule J breakdown matched by us

    Base
    $15,470
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $15,470

  • Everett Williams

    Director

    Total calculated
    $14,300
    From this org
    $14,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $14,300
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $14,300

    Schedule J breakdown matched by us

    Base
    $14,300
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $14,300

  • David Dunaway

    Director

    Total calculated
    $13,260
    From this org
    $13,260
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $13,260
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $13,260

    Schedule J breakdown matched by us

    Base
    $13,260
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $13,260

  • Otis Jones

    Director

    Total calculated
    $13,130
    From this org
    $13,130
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $13,130
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $13,130

    Schedule J breakdown matched by us

    Base
    $13,130
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $13,130

  • Tony Tucker

    Director

    Total calculated
    $13,130
    From this org
    $13,130
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $13,130
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $13,130

    Schedule J breakdown matched by us

    Base
    $13,130
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $13,130

  • Wendy Sellers

    Director

    Total calculated
    $13,000
    From this org
    $13,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $13,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $13,000

    Schedule J breakdown matched by us

    Base
    $13,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $13,000

  • Raphael Brumbeloe

    Director

    Total calculated
    $11,960
    From this org
    $11,960
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $11,960
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $11,960

    Schedule J breakdown matched by us

    Base
    $11,960
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $11,960

  • Robert L Lewis

    Director

    Total calculated
    $11,960
    From this org
    $11,960
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $11,960
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $11,960

    Schedule J breakdown matched by us

    Base
    $11,960
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $11,960

  • Michael McMillian

    Director

    Total calculated
    $11,960
    From this org
    $11,960
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $11,960
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $11,960

    Schedule J breakdown matched by us

    Base
    $11,960
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $11,960

  • Ronnie Lee

    Director

    Total calculated
    $11,050
    From this org
    $11,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $11,050
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $11,050

    Schedule J breakdown matched by us

    Base
    $11,050
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $11,050

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

  • 1a · Tax indemnification and gross-up payments
  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
All Georgia Transmission Corporation Officers and qualifying associates are eligible to receive a car allowance. The amounts range from $6,000 to $12,000. Amounts received are not grossed up for income tax purposes and the respective amount is reflected as part of gross wages, box 1, Form W-2 for each respective individual receiving an allowance. Car allowances are reviewed annually. With respect to the actual car allowance, no documentation is required to be presented to receive the allowance other than required Board approval. Mileage reimbursement is, however, required to be substantiated prior to receipt of funds. Reimbursement is obtained through submission of an authorized expense report. For tax year 2022, qualifying associates received a one-time gross up bonus payment for meeting their goals. Qualified associates must have participated in the health goal to receive the gross up payment. Associates that opted to not participate in the health goal received a non-grossed up bonus payment.
Schedule J, Part I, Line 3
Georgia Transmission Corporation has a compensation committee that is a subset of the Board of Directors. Georgia Transmission Corporation's CEO's salary is market reviewed annually and submitted by Human Resources to the committee for approval. The committee would then present the salary increase recommendation to the Board of Directors for final approval.
Schedule J, Part I, Line 4
Non-Qualified plan participants include: Barbara Hampton $14,600, Dustin Zubke $15,082, Keith Daniel $3,234, David Van Winkle $11,000, John Raese $4,414, Angela Sheffield $2,972 and Angela Farsee $1,685.

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
2022
Filed
18 April 2023
IRS schema version
2022v5.0
Source object
202321089349301757

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