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Nonprofiteer
← MIDDLE GEORGIA ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2024

Filed by MIDDLE GEORGIA ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$31,488,863
Total expenses
$31,488,863
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$31,156,123
Investment income
$35,416
Other revenue
$297,324
Total assets, end of year
$120,502,332
Total liabilities, end of year
$86,962,441
Net assets or fund balances, end of year
$33,539,891
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 $26,751,161 · related or exempt $26,751,161

  • 2b · Program service revenue: POLE AND ACCESS RENTAL

    total $3,280,139 · excluded $3,280,139

  • 2c · Program service revenue: OTHER CAPITAL CREDITS

    total $758,669 · related or exempt $758,669

  • 2d · Program service revenue: G & T CAPITAL CREDITS

    total $366,154 · related or exempt $366,154

  • 3 · Investment income

    total $35,416 · excluded $35,416

  • 11a · Other revenue: REVENUE SHARE - BROADBAND

    total $269,018 · unrelated business $269,018

  • 11b · Other revenue: REVENUE FROM SALES AND JOBS

    total $17,533 · related or exempt $17,533

  • 11c · Other revenue: REVENUE FROM GENERATOR SALES

    total $10,773 · related or exempt $10,773

  • 11e · Other revenue, total

    $297,324

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,862,236

  • 5 · Compensation of officers, directors and key employees

    total $202,352

  • 20 · Interest

    total $4,173,369

  • 22 · Depreciation, depletion and amortization

    total $3,874,287

  • 24a · Other expenses: BROADBAND ACTIVITIES

    total $432,151

  • 24b · Other expenses: PURCHASED POWER

    total $12,441,542

  • 24c · Other expenses: DISTRIBUTION MAINTENANCE

    total $2,159,096

  • 24d · Other expenses: DISTRIBUTION OPERATIONS

    total $2,022,843

  • 24e · All other expenses

    total $2,320,987

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $616,213 · end of year $1,598,483

  • 4 · Accounts receivable

    beginning of year $2,365,059 · end of year $2,711,214

  • 8 · Inventories for sale or use

    beginning of year $2,962,458 · end of year $838,778

  • 9 · Prepaid expenses and deferred charges

    beginning of year $307,552 · end of year $301,781

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

    $119,233,466

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

    $15,328,588

  • 10c · Land, buildings and equipment, net

    beginning of year $94,812,437 · end of year $103,904,878

  • 13 · Investments: program-related

    beginning of year $10,106,016 · end of year $11,100,559

  • 15 · Other assets

    beginning of year $4,080 · end of year $46,639

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,103,426 · end of year $4,122,728

  • 23 · Secured mortgages and notes payable

    beginning of year $77,088,737 · end of year $82,672,903

  • 25 · Other liabilities

    beginning of year $155,224 · end of year $166,810

  • 29 · Capital stock, trust principal or current funds

    beginning of year $233,465 · end of year $230,250

  • 31 · Retained earnings, endowment or other funds

    beginning of year $29,592,963 · end of year $33,309,641

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.

  • N/A

As filed on the 2024 return.

Listed in Part VII

  • Don Wood

    CHAIRMAN

    Total calculated
    $25,125
    From this org
    $25,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • David Dunaway

    VICE CHAIRMA

    Total calculated
    $22,920
    From this org
    $22,920
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Jason Hayes

    SECRETARY

    Total calculated
    $15,034
    From this org
    $15,034
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Jerry Rhodes

    TREASURER

    Total calculated
    $21,340
    From this org
    $21,340
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Wes Hopper

    DIRECTOR

    Total calculated
    $28,631
    From this org
    $28,631
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Chad Weesner

    DIRECTOR

    Total calculated
    $28,631
    From this org
    $28,631
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Austin Warbington

    DIRECTOR: JA

    Total calculated
    $18,151
    From this org
    $18,151
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Harley Lawson

    DIRECTOR

    Total calculated
    $25,255
    From this org
    $25,255
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Gary Dawson

    DIRECTOR

    Total calculated
    $12,181
    From this org
    $12,181
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Lee Harris

    DIRECTOR: JU

    Total calculated
    $5,084
    From this org
    $5,084
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Randy Nichols

    PRESIDENT/CE

    Total calculated
    $0
    Hours/week
    50

  • Summer Sheffield

    MANG. OF ACC

    Total calculated
    $161,065
    From this org
    $124,018
    From related orgs
    $0
    Other
    $37,047
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $121,573
    Bonus
    $1,893
    Other
    $552
    Deferred
    $13,474
    Nontaxable benefits
    $23,573
    Filer's total
    $161,065

  • Jp Smith

    LINE SUPERIN

    Total calculated
    $168,301
    From this org
    $115,298
    From related orgs
    $0
    Other
    $53,003
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $112,326
    Bonus
    $1,760
    Other
    $1,212
    Deferred
    $22,248
    Nontaxable benefits
    $30,755
    Filer's total
    $168,301

  • Chipper Jones

    MANG. OF MEM

    Total calculated
    $158,234
    From this org
    $104,102
    From related orgs
    $0
    Other
    $54,132
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $101,560
    Bonus
    $1,613
    Other
    $929
    Deferred
    $23,287
    Nontaxable benefits
    $30,845
    Filer's total
    $158,234

  • Daniel Bloodworth

    MAINT./ROW S

    Total calculated
    $157,924
    From this org
    $107,462
    From related orgs
    $0
    Other
    $50,462
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $103,378
    Bonus
    $1,668
    Other
    $2,416
    Deferred
    $19,890
    Nontaxable benefits
    $30,572
    Filer's total
    $157,924

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.0
Source object
202533119349302933

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