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Nonprofiteer
← AMICALOLA ELECTRIC MEMBERSHIP CORPORATION VEBA TR

Form 990 for tax year 2023

Filed by AMICALOLA ELECTRIC MEMBERSHIP CORPORATION VEBA TR.

Totals

Total revenue
$2,039,925
Total expenses
$583,667
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$480,214
Investment income
$825,228
Other revenue
$734,483
Total assets, end of year
$20,107,073
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$20,107,073
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$583,667

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: CONTRIBUTIONS - AMICALOLA EMC

    total $480,214 · related or exempt $480,214

  • 3 · Investment income

    total $498,478 · related or exempt $498,478

  • 7a · Gross sales of assets other than inventory

    securities $6,957,487

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

    securities $6,630,737

  • 7c · Gain or loss

    securities $326,750

  • 7d · Net gain or loss

    total $326,750 · related or exempt $326,750

  • 11a · Other revenue: UNREALIZED GAINS/LOSSES

    total $734,483 · related or exempt $734,483

  • 11e · Other revenue, total

    $734,483

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $480,214

  • 5 · Compensation of officers, directors and key employees

    total $103,453

Balance sheet

Part X, book values.

  • 13 · Investments: program-related

    beginning of year $18,650,815 · end of year $20,107,073

  • 27 · Net assets without donor restrictions

    beginning of year $18,650,815 · end of year $20,107,073

Mission and programs · 2023

Mission

TO PROVIDE CERTAIN RETIREE HEALTH BENEFITS FOR THOSE EMPLOYEES OF AMICALOLA ELECTRIC MEMBERSHIP CORPORATION (AMICALOLA EMC) COVERED BY AMICALOLA EMC'S POSTRETIREMENT HEALTHCARE PLAN.

  • TO PROVIDE RETIREE HEALTH BENEFITS FOR EMPLOYEES OF AMICALOLA EMC.

    Expenses $583,667

As filed on the 2023 return.

Listed in Part VII

  • Regions Morgan Keegan Trust

    TRUSTEE

    Total calculated
    $103,453
    From this org
    $103,453
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
29 March 2024
IRS schema version
2023v5.0
Source object
202420939349301027

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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