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Nonprofiteer
← ALTAMAHA ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2023

Filed by ALTAMAHA ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$74,720,274
Total expenses
$91,853,527
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$69,385,995
Investment income
$185,917
Other revenue
$5,148,362
Total assets, end of year
$204,246,754
Total liabilities, end of year
$103,756,301
Net assets or fund balances, end of year
$100,490,453
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 $64,637,709 · related or exempt $64,637,709

  • 2b · Program service revenue: PATRONAGE CAPITAL

    total $2,270,692 · related or exempt $2,270,692

  • 2c · Program service revenue: FIBER REVENUE

    total $1,877,236 · related or exempt $1,877,236

  • 2d · Program service revenue: POLE RENTAL

    total $600,358 · excluded $600,358

  • 3 · Investment income

    total $185,917 · excluded $185,917

  • 11a · Other revenue: GRANT REVENUE (ARPA)

    total $3,850,000 · unrelated business $3,850,000

  • 11b · Other revenue: RDOF REVENUE

    total $865,646 · unrelated business $865,646

  • 11c · Other revenue: OTHER MISC REVENUE

    total $432,716 · related or exempt $432,716

  • 11e · Other revenue, total

    $5,148,362

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $9,818,101

  • 5 · Compensation of officers, directors and key employees

    total $303,111

  • 20 · Interest

    total $2,913,197

  • 22 · Depreciation, depletion and amortization

    total $26,295,479

  • 24a · Other expenses: PURCHASED POWER

    total $35,550,778

  • 24b · Other expenses: MAINTENANCE

    total $6,449,870

  • 24c · Other expenses: ADMIN. & GENERAL EXP.

    total $5,048,219

  • 24d · Other expenses: OPERATIONS

    total $3,123,378

  • 24e · All other expenses

    total $2,351,394

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,105,325 · end of year $6,641,179

  • 2 · Savings and temporary cash investments

    beginning of year $10,593,932 · end of year $8,998,163

  • 4 · Accounts receivable

    beginning of year $7,535,829 · end of year $5,958,765

  • 7 · Other notes and loans receivable

    beginning of year $1,000 · end of year $1,000

  • 8 · Inventories for sale or use

    beginning of year $7,380,058 · end of year $7,476,433

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,395,443 · end of year $1,248,102

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

    $194,090,876

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

    $49,774,365

  • 10c · Land, buildings and equipment, net

    beginning of year $123,182,329 · end of year $144,316,511

  • 13 · Investments: program-related

    beginning of year $26,325,443 · end of year $29,557,887

  • 15 · Other assets

    beginning of year $690,503 · end of year $48,714

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,541,223 · end of year $6,894,436

  • 23 · Secured mortgages and notes payable

    beginning of year $81,873,292 · end of year $86,058,672

  • 25 · Other liabilities

    beginning of year $9,119,266 · end of year $10,803,193

  • 29 · Capital stock, trust principal or current funds

    beginning of year $144,356 · end of year $146,048

  • 31 · Retained earnings, endowment or other funds

    beginning of year $89,531,725 · end of year $100,344,405

Mission and programs · 2023

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.

  • TO PROVIDE THE BEST POSSIBBLE ELECTRIC SERVICE TO ALL WO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARS OF SERVICE.

  • N/A

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • George McLendon

    CEO/GENERAL

    Total calculated
    $253,611
    From this org
    $187,181
    From related orgs
    $0
    Other
    $66,430
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $174,430
    Bonus
    $2,436
    Other
    $10,315
    Deferred
    $35,516
    Nontaxable benefits
    $30,914
    Filer's total
    $253,611

  • Joshua Thigpen

    ELECTRICAL E

    Total calculated
    $208,465
    From this org
    $151,601
    From related orgs
    $0
    Other
    $56,864
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $137,241
    Bonus
    $2,978
    Other
    $11,382
    Deferred
    $19,964
    Nontaxable benefits
    $36,900
    Filer's total
    $208,465

  • Ramona Dowd

    MGR ACCOUNTI

    Total calculated
    $199,732
    From this org
    $148,630
    From related orgs
    $0
    Other
    $51,102
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $138,843
    Bonus
    $2,978
    Other
    $6,809
    Deferred
    $30,376
    Nontaxable benefits
    $20,726
    Filer's total
    $199,732

  • Michael Woodcock

    SUBSTATION T

    Total calculated
    $169,432
    From this org
    $117,140
    From related orgs
    $0
    Other
    $52,292
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $102,594
    Bonus
    $2,978
    Other
    $11,568
    Deferred
    $16,654
    Nontaxable benefits
    $35,638
    Filer's total
    $169,432

  • Melvin Denmark

    ROW COORDINA

    Total calculated
    $169,304
    From this org
    $117,038
    From related orgs
    $0
    Other
    $52,266
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $109,542
    Bonus
    $2,978
    Other
    $4,518
    Deferred
    $16,614
    Nontaxable benefits
    $35,652
    Filer's total
    $169,304

  • Romanous Dotson

    CEO/GENERAL

    Total calculated
    $115,721
    From this org
    $76,945
    From related orgs
    $0
    Other
    $38,776
    Hours/week
    50

  • Robert Youmans

    CHAIRMAN

    Total calculated
    $6,800
    From this org
    $6,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Brandon Braddy

    SEC./TREASUR

    Total calculated
    $6,100
    From this org
    $6,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Bill Benton

    DIRECTOR

    Total calculated
    $6,100
    From this org
    $6,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Randall Morris

    VICE-CHAIRMA

    Total calculated
    $5,500
    From this org
    $5,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Krista Anderson

    DIRECTOR

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Drexel Braddy

    DIRECTOR

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Dean Gowen

    DIRECTOR

    Total calculated
    $3,750
    From this org
    $3,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Billy Benton

    DIRECTOR

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

  • Ra Grindler

    DIRECTOR

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

  • Danny Shepherd

    DIRECTOR

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

  • Brett Williams

    ASST. SEC./T

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Myron Sweat

    DIRECTOR

    Total calculated
    $1,750
    From this org
    $1,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

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 · Compensation committee
  • 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.

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.

  • ALTAMAHA FIBER LLC

    BROADBAND · GA · income $496,237 · assets $334,713

Provenance

Return type
form_990
Tax year
2023
Filed
28 April 2025
IRS schema version
2023v6.0
Source object
202501209349300925

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