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Nonprofiteer
← AMICALOLA ELECTRIC MEMBERSHIP CORPORATION VEBA TR

Form 990 for tax year 2022

Filed by AMICALOLA ELECTRIC MEMBERSHIP CORPORATION VEBA TR.

Totals

Total revenue
-$2,430,316
Total expenses
$570,710
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$465,144
Investment income
$430,802
Other revenue
-$3,326,262
Total assets, end of year
$18,650,815
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$18,650,815
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: CONTRIBUTIONS - AMICALOLA EMC

    total $465,144 · related or exempt $465,144

  • 3 · Investment income

    total $460,312 · related or exempt $460,312

  • 7a · Gross sales of assets other than inventory

    securities $9,523,631 · other assets $1,606

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

    securities $9,554,747

  • 7c · Gain or loss

    securities -$31,116 · other assets $1,606

  • 7d · Net gain or loss

    total -$29,510 · related or exempt -$29,510

  • 11a · Other revenue: UNREALIZED GAINS/LOSSES

    total -$3,326,262 · related or exempt -$3,326,262

  • 11e · Other revenue, total

    -$3,326,262

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $465,144

  • 5 · Compensation of officers, directors and key employees

    total $105,566

Balance sheet

Part X, book values.

  • 13 · Investments: program-related

    beginning of year $21,651,841 · end of year $18,650,815

  • 27 · Net assets without donor restrictions

    beginning of year $21,651,841 · end of year $18,650,815

Mission and programs · 2022

Mission

PROVIDE CERTAIN RETIREE HEALTH BENEFITS FOR THOSE EMPLOYEES OF AMICALOLA ELECTRIC MEMBERSHIP CORPORATION COVERED BY THE TRUST.

Activities or mission (Part I)

TO PROVIDE CERTAIN RETIREE HEALTH BENEFITS FOR ELIGIBLE EMPLOYEES OF AMICALOLA ELECTRIC MEMBERSHIP CORPORATION.

  • N/A - VEBA TRUST IS EXEMPT UNDER IRC SECTION 501(C)(9).

  • 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

  • Regions Morgan Keegan Trust

    TRUSTEE

    Total calculated
    $105,566
    From this org
    $105,566
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202313139349301871

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