Skip to content
Nonprofiteer
← UPSON ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2022

Filed by UPSON ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$18,458,644
Total expenses
$18,458,644
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$18,303,806
Investment income
$145,542
Other revenue
$9,296
Total assets, end of year
$38,778,006
Total liabilities, end of year
$13,283,420
Net assets or fund balances, end of year
$25,494,586
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 $17,725,683 · related or exempt $17,725,683

  • 2b · Program service revenue: OTHER CAPITAL CREDITS

    total $340,055 · related or exempt $340,055

  • 2c · Program service revenue: POLE RENTAL

    total $238,068 · excluded $238,068

  • 3 · Investment income

    total $145,542 · excluded $145,542

  • 11a · Other revenue: GAS SOUTH

    total $9,296 · unrelated business $9,296

  • 11e · Other revenue, total

    $9,296

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $141,472

  • 5 · Compensation of officers, directors and key employees

    total $369,351

  • 20 · Interest

    total $280,326

  • 22 · Depreciation, depletion and amortization

    total $1,001,688

  • 24a · Other expenses: PURCHASED POWER

    total $13,356,732

  • 24b · Other expenses: DISTRIBUTION MAINTENANCE

    total $1,027,332

  • 24c · Other expenses: DISTRIBUTION OPERATIONS

    total $809,474

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $721,029

  • 24e · All other expenses

    total $751,240

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $680,216 · end of year $726,049

  • 2 · Savings and temporary cash investments

    beginning of year $6,059,499 · end of year $5,828,040

  • 4 · Accounts receivable

    beginning of year $1,414,481 · end of year $1,950,339

  • 8 · Inventories for sale or use

    beginning of year $295,585 · end of year $700,663

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,970,756 · end of year $2,478,908

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

    $33,468,082

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

    $14,171,794

  • 10c · Land, buildings and equipment, net

    beginning of year $19,229,648 · end of year $19,296,288

  • 13 · Investments: program-related

    beginning of year $7,495,115 · end of year $7,797,719

  • 15 · Other assets

    beginning of year $5,016

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,009,423 · end of year $2,240,892

  • 23 · Secured mortgages and notes payable

    beginning of year $8,685,675 · end of year $8,612,717

  • 25 · Other liabilities

    beginning of year $2,445,869 · end of year $2,429,811

  • 29 · Capital stock, trust principal or current funds

    beginning of year $35,830 · end of year $36,125

  • 31 · Retained earnings, endowment or other funds

    beginning of year $25,973,519 · end of year $25,458,461

Mission and programs · 2022

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 2022 return.

Listed in Part VII

  • Rapheal Brumbeloe

    CHAIRMAN

    Total calculated
    $10,300
    From this org
    $10,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Ronnie M Hendricks

    VICE CHAIRMA

    Total calculated
    $33,186
    From this org
    $33,186
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Lorenzo Wilder Sr

    SEC./TREASUR

    Total calculated
    $14,400
    From this org
    $14,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Ronald Vanhouten

    DIRECTOR

    Total calculated
    $20,381
    From this org
    $20,381
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Kenny Coggins

    DIRECTOR

    Total calculated
    $20,831
    From this org
    $20,831
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • James Meeks

    DIRECTOR

    Total calculated
    $12,750
    From this org
    $12,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Greg Hobbs

    DIRECTOR

    Total calculated
    $975
    From this org
    $975
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Neal Trice

    PRESIDENT &

    Total calculated
    $256,528
    From this org
    $200,352
    From related orgs
    $0
    Other
    $56,176
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $196,337
    Bonus
    not reported
    Other
    $4,015
    Deferred
    $47,129
    Nontaxable benefits
    $9,047
    Filer's total
    $256,528

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 · 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
2022
Filed
10 October 2023
IRS schema version
2022v5.0
Source object
202322849349300837

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.