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Nonprofiteer
← ALTAMAHA ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2022

Filed by ALTAMAHA ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$61,459,109
Total expenses
$62,845,700
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$62,328,862
Investment income
$157,757
Other revenue
-$1,027,510
Total assets, end of year
$186,209,862
Total liabilities, end of year
$96,533,781
Net assets or fund balances, end of year
$89,676,081
Program services expenses (Part IX)
$62,845,700
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: ELECTRIC REVENUE

    total $60,299,487 · related or exempt $60,299,487

  • 2b · Program service revenue: PATRONAGE CAPITAL

    total $1,648,679 · related or exempt $1,648,679

  • 2c · Program service revenue: POLE RENTAL

    total $380,696 · excluded $380,696

  • 3 · Investment income

    total $157,757 · excluded $157,757

  • 11a · Other revenue: MISC. REVENUE

    total $59,082 · related or exempt $59,082

  • 11b · Other revenue: SUBSIDIARY LOSS

    total -$1,086,592 · related or exempt -$1,086,592

  • 11e · Other revenue, total

    -$1,027,510

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,843,567 · program services $1,843,567

  • 5 · Compensation of officers, directors and key employees

    total $297,429 · program services $297,429

  • 20 · Interest

    total $2,065,142 · program services $2,065,142

  • 22 · Depreciation, depletion and amortization

    total $4,490,139 · program services $4,490,139

  • 24a · Other expenses: PURCHASED POWER

    total $41,936,401 · program services $41,936,401

  • 24b · Other expenses: DISTRIBUTION MAINTENANCE

    total $4,785,481 · program services $4,785,481

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

    total $2,981,874 · program services $2,981,874

  • 24d · Other expenses: DISTRIBUTION OPERATIONS

    total $2,579,139 · program services $2,579,139

  • 24e · All other expenses

    total $1,866,528 · program services $1,866,528

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,299,914 · end of year $9,105,325

  • 2 · Savings and temporary cash investments

    beginning of year $15,698,948 · end of year $10,593,932

  • 4 · Accounts receivable

    beginning of year $4,812,001 · end of year $7,535,829

  • 7 · Other notes and loans receivable

    end of year $1,000

  • 8 · Inventories for sale or use

    beginning of year $4,337,166 · end of year $7,380,058

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,181,821 · end of year $1,395,443

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

    $168,772,624

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

    $45,590,295

  • 10c · Land, buildings and equipment, net

    beginning of year $106,720,150 · end of year $123,182,329

  • 13 · Investments: program-related

    beginning of year $25,994,652 · end of year $26,325,443

  • 15 · Other assets

    beginning of year $49,614 · end of year $690,503

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,228,912 · end of year $5,541,223

  • 23 · Secured mortgages and notes payable

    beginning of year $57,484,145 · end of year $81,873,292

  • 25 · Other liabilities

    beginning of year $8,369,226 · end of year $9,119,266

  • 29 · Capital stock, trust principal or current funds

    beginning of year $143,612 · end of year $144,356

  • 31 · Retained earnings, endowment or other funds

    beginning of year $87,868,371 · end of year $89,531,725

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

  • N/A

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ROMANOUS DOTSON

    CEO/GENERAL

    Total calculated
    $297,429
    From this org
    $208,765
    From related orgs
    $0
    Other
    $88,664
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $174,968
    Bonus
    $1,015
    Other
    $32,782
    Deferred
    $55,392
    Nontaxable benefits
    $33,272
    Filer's total
    $297,429

  • GEORGE MCLENDON

    ASSISTANT MA

    Total calculated
    $202,561
    From this org
    $146,273
    From related orgs
    $0
    Other
    $56,288
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $125,091
    Bonus
    $2,909
    Other
    $18,273
    Deferred
    $29,522
    Nontaxable benefits
    $26,766
    Filer's total
    $202,561

  • JOSHUA THIGPEN

    ELECTRICAL E

    Total calculated
    $189,458
    From this org
    $138,417
    From related orgs
    $0
    Other
    $51,041
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $124,857
    Bonus
    $2,909
    Other
    $10,651
    Deferred
    $18,287
    Nontaxable benefits
    $32,754
    Filer's total
    $189,458

  • RAMONA DOWD

    MGR ACCOUNTI

    Total calculated
    $184,602
    From this org
    $139,579
    From related orgs
    $0
    Other
    $45,023
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $117,630
    Bonus
    $2,909
    Other
    $19,040
    Deferred
    $28,127
    Nontaxable benefits
    $16,896
    Filer's total
    $184,602

  • MICHAEL WOODCOCK

    SUBSTATION T

    Total calculated
    $156,592
    From this org
    $107,943
    From related orgs
    $0
    Other
    $48,649
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $96,023
    Bonus
    $2,909
    Other
    $9,011
    Deferred
    $15,377
    Nontaxable benefits
    $33,272
    Filer's total
    $156,592

  • WILLIAM KENNEDY

    DISTRICT MAN

    Total calculated
    $155,936
    From this org
    $110,197
    From related orgs
    $0
    Other
    $45,739
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $95,345
    Bonus
    $2,909
    Other
    $11,943
    Deferred
    $16,804
    Nontaxable benefits
    $28,935
    Filer's total
    $155,936

  • BRANDON BRADDY

    SEC./TREASUR

    Total calculated
    $6,550
    From this org
    $6,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • ROBERT YOUMANS

    CHAIRMAN

    Total calculated
    $6,300
    From this org
    $6,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • BILLY BENTON

    DIRECTOR

    Total calculated
    $4,750
    From this org
    $4,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • RANDALL MORRIS

    VICE-CHAIRMA

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

  • BRETT WILLIAMS

    ASST. SEC./T

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

  • DREXEL BRADDY

    DIRECTOR

    Total calculated
    $3,750
    From this org
    $3,750
    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

  • DANNY SHEPHERD

    DIRECTOR

    Total calculated
    $3,750
    From this org
    $3,750
    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

  • MYRON SWEAT

    DIRECTOR

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

  • KRISTA ANDERSON

    DIRECTOR

    Total calculated
    $1,500
    From this org
    $1,500
    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 $373,702 · assets $265,502

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202323079349300247

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