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Nonprofiteer
← COBB ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2024

Filed by COBB ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$470,116,546
Total expenses
$456,727,219
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$465,063,596
Investment income
$1,405,463
Other revenue
$3,647,487
Total assets, end of year
$1,320,768,104
Total liabilities, end of year
$437,159,265
Net assets or fund balances, end of year
$883,608,839
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.

Listed in Part VII

  • KELLY P BODNER

    CHAIRMAN

    Total calculated
    $70,118
    From this org
    $67,368
    From related orgs
    $2,750
    Other
    $0
    Hours/week
    10 + 5 related

  • ERIC BROADWELL

    VICE CHAIRMA

    Total calculated
    $84,176
    From this org
    $81,426
    From related orgs
    $2,750
    Other
    $0
    Hours/week
    10 + 5 related

  • BRYAN BOYD

    SECRETARY/TR

    Total calculated
    $96,984
    From this org
    $94,234
    From related orgs
    $2,750
    Other
    $0
    Hours/week
    7 + 5 related

  • DAVID V TENNANT

    DIRECTOR

    Total calculated
    $81,770
    From this org
    $58,270
    From related orgs
    $23,500
    Other
    $0
    Hours/week
    7 + 5 related

  • RUDY R UNDERWOOD

    DIRECTOR

    Total calculated
    $122,192
    From this org
    $101,692
    From related orgs
    $20,500
    Other
    $0
    Hours/week
    10 + 5 related

  • WILLIAM C SHARP III

    DIRECTOR

    Total calculated
    $71,897
    From this org
    $69,147
    From related orgs
    $2,750
    Other
    $0
    Hours/week
    10 + 1 related

  • DAVID MCCLELLAN

    DIRECTOR

    Total calculated
    $81,263
    From this org
    $61,513
    From related orgs
    $19,750
    Other
    $0
    Hours/week
    7 + 5 related

  • EDWARD CROWELL

    DIRECTOR

    Total calculated
    $101,984
    From this org
    $77,734
    From related orgs
    $24,250
    Other
    $0
    Hours/week
    10 + 10 related

  • CHARLES M SWANSON

    DIRECTOR

    Total calculated
    $95,442
    From this org
    $76,442
    From related orgs
    $19,000
    Other
    $0
    Hours/week
    7 + 5 related

  • KEVAN ESPY

    PRESIDENT &

    Total calculated
    $965,252
    From this org
    $843,607
    From related orgs
    $0
    Other
    $121,645
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $629,629
    Bonus
    $196,111
    Other
    $17,867
    Deferred
    $110,021
    Nontaxable benefits
    $11,624
    Filer's total
    $965,252

  • MICHELLE FORTNER

    CFO

    Total calculated
    $576,902
    From this org
    $476,305
    From related orgs
    $0
    Other
    $100,597
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $359,315
    Bonus
    $53,463
    Other
    $63,527
    Deferred
    $65,858
    Nontaxable benefits
    $34,739
    Filer's total
    $576,902

  • TIM SOSEBEE

    SR VP-BUSINE

    Total calculated
    $529,305
    From this org
    $396,183
    From related orgs
    $0
    Other
    $133,122
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $329,787
    Bonus
    $42,778
    Other
    $23,618
    Deferred
    $98,383
    Nontaxable benefits
    $34,739
    Filer's total
    $529,305

  • TIMOTHY HARSHBARGER

    VP-HUMAN RES

    Total calculated
    $473,885
    From this org
    $391,611
    From related orgs
    $0
    Other
    $82,274
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $292,679
    Bonus
    $36,908
    Other
    $62,024
    Deferred
    $57,937
    Nontaxable benefits
    $24,337
    Filer's total
    $473,885

  • TIM JARRELL

    VP-POWER SUP

    Total calculated
    $483,230
    From this org
    $363,939
    From related orgs
    $0
    Other
    $119,291
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $308,939
    Bonus
    $36,849
    Other
    $18,151
    Deferred
    $84,552
    Nontaxable benefits
    $34,739
    Filer's total
    $483,230

  • KELSIE DANIELS

    VP-INFO. TEC

    Total calculated
    $468,779
    From this org
    $403,116
    From related orgs
    $0
    Other
    $65,663
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $289,516
    Bonus
    $37,230
    Other
    $76,370
    Deferred
    $54,039
    Nontaxable benefits
    $11,624
    Filer's total
    $468,779

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
KEVAN ESPY 0 12,720 0 MICHELLE FORTNER 0 48,623 0 TIM SOSEBEE 0 9,149 0 TIMOTHY HARSHBARGER 0 43,977 0 TIM JARRELL 0 7,235 0 KELSIE DANIELS 0 63,447 0
SCHEDULE J, PART III
PART I, LINE 1A - FRINGE OR EXPENSE EXPLANATION MARIETTA COUNTRY CLUB: KEVAN ESPY (PRESIDENT & CEO) - 9,530 (DUES)

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
18 June 2025
IRS schema version
2024v5.0
Source object
202521699349301547

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