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Nonprofiteer
← GIBSON ELECTRIC MEMBERSHIP CORP

Form 990 for tax year 2025

Filed by GIBSON ELECTRIC MEMBERSHIP CORP.

Totals

Total revenue
$137,258,147
Total expenses
$129,837,548
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$136,122,428
Investment income
$336,321
Other revenue
$799,398
Total assets, end of year
$281,505,602
Total liabilities, end of year
$140,097,093
Net assets or fund balances, end of year
$141,408,509
Program services expenses (Part IX)
$129,837,548
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% 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: Program Service Revenue

    total $136,122,428 · related or exempt $136,122,428

  • 3 · Investment income

    total $336,321 · related or exempt $336,321

  • 11a · Other revenue: Other Revenue

    total $799,398 · related or exempt $799,398

  • 11e · Other revenue, total

    $799,398

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $11,408,274 · program services $1,458,434 · management and general $9,949,840

  • 20 · Interest

    total $3,478,396 · program services $3,478,396

  • 22 · Depreciation, depletion and amortization

    total $12,909,359 · program services $12,909,359

  • 24a · Other expenses: Purchased Power

    total $84,313,321 · program services $84,313,321

  • 24b · Other expenses: Maintenance

    total $9,882,561 · program services $9,882,561

  • 24c · Other expenses: Transmission and Dist

    total $5,797,600 · program services $5,797,600

  • 24d · Other expenses: Customer Accounts

    total $4,824,937 · program services $4,824,937

  • 24e · All other expenses

    total -$2,776,900 · program services $7,172,940 · management and general -$9,949,840

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $986,790 · end of year $984,405

  • 2 · Savings and temporary cash investments

    beginning of year $3,083,198 · end of year $536,119

  • 4 · Accounts receivable

    beginning of year $12,323,339 · end of year $11,014,341

  • 8 · Inventories for sale or use

    beginning of year $5,666,220 · end of year $5,489,035

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,111,569 · end of year $3,240,730

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

    $380,696,299

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

    $123,890,665

  • 10c · Land, buildings and equipment, net

    beginning of year $243,412,775 · end of year $256,805,634

  • 15 · Other assets

    beginning of year $3,317,669 · end of year $3,435,338

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,745,155 · end of year $23,379,318

  • 23 · Secured mortgages and notes payable

    beginning of year $109,298,902 · end of year $110,327,360

  • 25 · Other liabilities

    beginning of year $5,867,973 · end of year $6,390,415

  • 29 · Capital stock, trust principal or current funds

    beginning of year $260,641 · end of year $259,021

  • 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 $133,728,889 · end of year $141,149,488

Mission and programs · 2025

Mission

Gibson EMC is an electric cooperative owned by its members. Gibson EMC, and its wholly-owned subsidiary Gibson Connect, supply energy and fiber services throughout a 12-county service area in northwest Tennessee and southwest Kentucky.

Activities or mission (Part I)

Gibson EMC is an electric cooperative owned by its members. Gibson EMC, and its wholly-owned subsidiary Gibson Connect, supply energy and fiber services throughout a 12-county service area in the northwest Tennessee and southwest Kentucky

  • Gibson EMC has 3,639 miles of electric line and 40,110 meters in Crockett, Dyer, Gibson, Haywood, Lake, Lauderdale, Madison, and Obion Counties in Tennessee and Carlisle, Fulton, Graves and Hickman counties in Kentucky. Gibson Connect, Gibson EMC's wholly-owned subsidiary, provides fiber services to various accounts throughout Gibson EMC's service area with 3,639 miles of fiber lines and 21,452 customers. The Corporate office is located in Trenton, Tennessee with member service centers in Alamo, Tiptonville, Trenton, Medina, and Troy, Tennessee and Clinton, Kentucky.

  • N/A

  • N/A

As filed on the 2025 return.

Listed in Part VII

  • Steve Sanders

    Chairman

    Total calculated
    $8,900
    From this org
    $8,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Keith Heglar

    Vice Chairman

    Total calculated
    $6,800
    From this org
    $6,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Bob McCurdy

    Asst. Sec.

    Total calculated
    $8,100
    From this org
    $3,300
    From related orgs
    $0
    Other
    $4,800
    Hours/week
    3.5

  • Tony Bargery

    Trustee

    Total calculated
    $8,500
    From this org
    $8,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Jim Turner

    Trustee

    Total calculated
    $8,900
    From this org
    $8,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.4

  • Wray Pulliam

    Trustee

    Total calculated
    $10,600
    From this org
    $10,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.4

  • Joan Mouser

    Trustee

    Total calculated
    $11,700
    From this org
    $11,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.2

  • Eric Dupree

    Trustee

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Rana Buchanan

    Trustee

    Total calculated
    $9,100
    From this org
    $9,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.7

  • Keith Forrester

    Trustee

    Total calculated
    $7,100
    From this org
    $7,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Bruce Kimbell

    Trustee

    Total calculated
    $6,300
    From this org
    $400
    From related orgs
    $0
    Other
    $5,900
    Hours/week
    1.6

  • Brian McDaniel

    Trustee

    Total calculated
    $9,600
    From this org
    $9,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.6

  • Dan Rodamaker

    Pres. & CEO

    Total calculated
    $629,063
    From this org
    $479,103
    From related orgs
    $0
    Other
    $149,960
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $401,771
    Bonus
    $2,037
    Other
    $75,295
    Deferred
    $106,027
    Nontaxable benefits
    $43,933
    Filer's total
    $629,063

  • Barry Smith

    VP of Operations

    Total calculated
    $393,335
    From this org
    $243,132
    From related orgs
    $0
    Other
    $150,203
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $215,516
    Bonus
    $10,309
    Other
    $17,307
    Deferred
    $113,162
    Nontaxable benefits
    $37,041
    Filer's total
    $393,335

  • Charles Phillips

    VP of Technical Srvc

    Total calculated
    $386,449
    From this org
    $237,795
    From related orgs
    $0
    Other
    $148,654
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $210,690
    Bonus
    $6,267
    Other
    $20,838
    Deferred
    $111,476
    Nontaxable benefits
    $37,178
    Filer's total
    $386,449

  • Rita Alexander

    VP of HR/Member Services

    Total calculated
    $243,696
    From this org
    $195,104
    From related orgs
    $0
    Other
    $48,592
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $174,721
    Bonus
    $4,898
    Other
    $15,485
    Deferred
    $5,498
    Nontaxable benefits
    $43,094
    Filer's total
    $243,696

  • Richard BeDen

    CFO

    Total calculated
    $287,355
    From this org
    $193,600
    From related orgs
    $0
    Other
    $93,755
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $167,322
    Bonus
    $5,481
    Other
    $20,797
    Deferred
    $50,967
    Nontaxable benefits
    $42,788
    Filer's total
    $287,355

  • Randy Dotson

    Engineer

    Total calculated
    $260,243
    From this org
    $170,044
    From related orgs
    $0
    Other
    $90,199
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $155,482
    Bonus
    $7,346
    Other
    $7,216
    Deferred
    $60,991
    Nontaxable benefits
    $29,208
    Filer's total
    $260,243

  • Payton Featherston

    First Class Lineworker

    Total calculated
    $195,625
    From this org
    $153,513
    From related orgs
    $0
    Other
    $42,112
    Hours/week
    56

    Schedule J breakdown matched by us

    Base
    $152,312
    Bonus
    $760
    Other
    $441
    Deferred
    $9,724
    Nontaxable benefits
    $32,388
    Filer's total
    $195,625

  • Paul Haskins

    First Class Lineworker

    Total calculated
    $193,948
    From this org
    $147,571
    From related orgs
    $0
    Other
    $46,377
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $146,594
    Bonus
    $465
    Other
    $512
    Deferred
    $13,208
    Nontaxable benefits
    $33,169
    Filer's total
    $193,948

  • Robin McCaig

    Manager of Network Services

    Total calculated
    $211,118
    From this org
    $145,850
    From related orgs
    $0
    Other
    $65,268
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $129,305
    Bonus
    $3,853
    Other
    $12,692
    Deferred
    $31,299
    Nontaxable benefits
    $33,969
    Filer's total
    $211,118

  • Kendall Byassee

    Crewleader

    Total calculated
    $215,917
    From this org
    $150,059
    From related orgs
    $0
    Other
    $65,858
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $148,714
    Bonus
    $532
    Other
    $813
    Deferred
    $33,046
    Nontaxable benefits
    $32,812
    Filer's total
    $215,917

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 · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 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

The filer's explanations (Part III)

Form 990 Part II, Lines 1010, Column C
Column C represents the estimated actuarial change in the vested retirement benefits which ARE NOT CASH CONTRIBUTIONS MADE BY THE COOPERATIVE.

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Gibson Connect CO Gibson Connect

    Internet · TN · income $14,720,926 · assets $23,497,657

    Directly controlled by Gibson Ele

Provenance

Return type
form_990
Tax year
2025
Filed
28 July 2026
IRS schema version
2025v4.2
Source object
202642229349300249

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