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Nonprofiteer
← PITT & GREENE ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2022

Filed by PITT & GREENE ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$24,789,722
Total expenses
$24,000,053
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$24,655,337
Investment income
$49,663
Other revenue
$84,722
Total assets, end of year
$65,494,171
Total liabilities, end of year
$32,931,328
Net assets or fund balances, end of year
$32,562,843
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: SALE OF ELECTRICITY

    total $24,522,273 · related or exempt $24,522,273

  • 2b · Program service revenue: PATRONAGE CAPITAL

    total $133,064 · related or exempt $133,064

  • 3 · Investment income

    total $46,892 · excluded $46,892

  • 6a · Gross rents

    real property $43,123

  • 6b · Less rental expenses

    real property $3,349

  • 6c · Rental income or loss

    real property $39,774

  • 6d · Net rental income or loss

    total $39,774 · unrelated business $39,774

  • 7a · Gross sales of assets other than inventory

    other assets $23,000

  • 7b · Less cost or other basis and sales expenses

    other assets $20,229

  • 7c · Gain or loss

    other assets $2,771

  • 7d · Net gain or loss

    total $2,771 · excluded $2,771

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $44,948 · related or exempt $44,948

  • 11e · Other revenue, total

    $44,948

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,895,542

  • 9 · Other employee benefits

    total $2,255,039

  • 11b · Fees: legal

    total $30,033

  • 11c · Fees: accounting

    total $42,500

  • 12 · Advertising and promotion

    total $132,940

  • 16 · Occupancy

    total $1,248,884

  • 17 · Travel

    total $6,394

  • 19 · Conferences, conventions and meetings

    total $134,610

  • 20 · Interest

    total $830,870

  • 22 · Depreciation, depletion and amortization

    total $2,352,831

  • 23 · Insurance

    total $65,975

  • 24a · Other expenses: COST OF POWER

    total $13,994,503

  • 24b · Other expenses: TRANSMISSION AND DISTR

    total $665,298

  • 24c · Other expenses: CONSUMER ACCOUNT EXPENS

    total $332,734

  • 24d · Other expenses: CONTRIBUTIONS

    total $11,900

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $683,741 · end of year $1,706,473

  • 2 · Savings and temporary cash investments

    beginning of year $3,850,000 · end of year $4,100,000

  • 4 · Accounts receivable

    beginning of year $2,551,830 · end of year $3,438,134

  • 8 · Inventories for sale or use

    beginning of year $495,890 · end of year $870,484

  • 9 · Prepaid expenses and deferred charges

    beginning of year $590,730 · end of year $263,038

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

    $78,302,531

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

    $30,684,305

  • 10c · Land, buildings and equipment, net

    beginning of year $45,508,693 · end of year $47,618,226

  • 13 · Investments: program-related

    beginning of year $7,452,324 · end of year $7,497,816

  • 15 · Other assets

    beginning of year -$1,589 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,796,113 · end of year $4,110,044

  • 23 · Secured mortgages and notes payable

    beginning of year $21,785,796 · end of year $23,254,695

  • 25 · Other liabilities

    beginning of year $4,361,019 · end of year $5,566,589

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $32,188,691 · end of year $32,562,843

Mission and programs · 2022

Mission

IT SHALL BE THE AIM OF PITT AND GREENE ELECTRIC MEMBERSHIP CORPORATION TO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.

  • ELECTRIC DISTRIBUTION CORPORATION SUPPLYING ELECTRIC POWER TO ITS MEMBERS AT LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.

As filed on the 2022 return.

Listed in Part VII

  • William E Askew

    VICE PRESIDENT

    Total calculated
    $14,618
    From this org
    $14,618
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3

  • Kirby Bell

    DIRECTOR

    Total calculated
    $14,604
    From this org
    $14,604
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.9

  • Jack Edmonson

    DIRECTOR

    Total calculated
    $14,612
    From this org
    $14,612
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.6

  • Richard S Harper

    DIRECTOR

    Total calculated
    $14,618
    From this org
    $14,618
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Jeffery N Letchworth

    SECRETARY/TREASURER

    Total calculated
    $14,618
    From this org
    $14,618
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.9

  • Garland Mozingo

    DIRECTOR

    Total calculated
    $14,618
    From this org
    $14,618
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.2

  • James Shackleford

    DIRECTOR

    Total calculated
    $14,612
    From this org
    $14,612
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.1

  • Ernest G Smith

    PRESIDENT

    Total calculated
    $14,618
    From this org
    $14,618
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Michael Hardy

    DIRECTOR

    Total calculated
    $14,618
    From this org
    $14,618
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.8

  • Mark A Sugg

    GENERAL MANAGER/EVP

    Total calculated
    $424,735
    From this org
    $343,228
    From related orgs
    $0
    Other
    $81,507
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $326,009
    Bonus
    $7,551
    Other
    $9,668
    Deferred
    $32,025
    Nontaxable benefits
    $49,482
    Filer's total
    $424,735

  • Anthony W Barrow

    DIRECTOR - ENGINEERING

    Total calculated
    $256,551
    From this org
    $209,581
    From related orgs
    $0
    Other
    $46,970
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,783
    Bonus
    $4,780
    Other
    $2,018
    Deferred
    $23,594
    Nontaxable benefits
    $23,376
    Filer's total
    $256,551

  • Patsy B Rowe

    DIRECTOR - FINANCE

    Total calculated
    $211,722
    From this org
    $171,080
    From related orgs
    $0
    Other
    $40,642
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,626
    Bonus
    $3,437
    Other
    $4,017
    Deferred
    $16,796
    Nontaxable benefits
    $23,846
    Filer's total
    $211,722

  • Austin Dixon

    CFO

    Total calculated
    $182,141
    From this org
    $135,555
    From related orgs
    $0
    Other
    $46,586
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,386
    Bonus
    $2,923
    Other
    $246
    Deferred
    $14,284
    Nontaxable benefits
    $32,302
    Filer's total
    $182,141

  • Milton M Grant

    DIRECTOR - OPERATIONS

    Total calculated
    $207,551
    From this org
    $150,590
    From related orgs
    $0
    Other
    $56,961
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,924
    Bonus
    $3,490
    Other
    $2,176
    Deferred
    $16,863
    Nontaxable benefits
    $40,098
    Filer's total
    $207,551

  • Tammy Murphy

    DIRECTOR OF HUMAN RESOURCE

    Total calculated
    $217,987
    From this org
    $168,605
    From related orgs
    $0
    Other
    $49,382
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,776
    Bonus
    $3,108
    Other
    $12,721
    Deferred
    $16,222
    Nontaxable benefits
    $33,160
    Filer's total
    $217,987

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

None.

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
23 May 2023
IRS schema version
2022v5.0
Source object
202321439349301002

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