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Nonprofiteer
← PITT & GREENE ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2025

Filed by PITT & GREENE ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$29,436,140
Total expenses
$26,279,405
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$29,268,466
Investment income
$92,457
Other revenue
$75,217
Total assets, end of year
$68,378,359
Total liabilities, end of year
$30,269,895
Net assets or fund balances, end of year
$38,108,464
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 $28,746,423 · related or exempt $28,746,423

  • 2b · Program service revenue: PATRONAGE CAPITAL

    total $522,043 · related or exempt $522,043

  • 3 · Investment income

    total $93,338 · excluded $93,338

  • 6a · Gross rents

    real property $23,112

  • 6b · Less rental expenses

    real property $1,863

  • 6c · Rental income or loss

    real property $21,249

  • 6d · Net rental income or loss

    total $21,249 · unrelated business $21,249

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

    other assets $881

  • 7c · Gain or loss

    other assets -$881

  • 7d · Net gain or loss

    total -$881 · excluded -$881

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $53,968 · related or exempt $53,968

  • 11e · Other revenue, total

    $53,968

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,029,300

  • 9 · Other employee benefits

    total $2,158,606

  • 11b · Fees: legal

    total $37,568

  • 11c · Fees: accounting

    total $50,600

  • 12 · Advertising and promotion

    total $97,684

  • 16 · Occupancy

    total $1,081,991

  • 17 · Travel

    total $6,611

  • 19 · Conferences, conventions and meetings

    total $127,622

  • 20 · Interest

    total $950,060

  • 22 · Depreciation, depletion and amortization

    total $2,706,139

  • 23 · Insurance

    total $107,818

  • 24a · Other expenses: COST OF POWER

    total $15,940,195

  • 24b · Other expenses: ADMINISTRATIVE COSTS

    total $419,229

  • 24c · Other expenses: MAINTENANCE

    total $341,865

  • 24d · Other expenses: TRANSMISSION AND DISTR

    total $125,059

  • 24e · All other expenses

    total $99,058

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $725,479 · end of year $2,383,289

  • 2 · Savings and temporary cash investments

    beginning of year $2,575,000 · end of year $2,575,000

  • 4 · Accounts receivable

    beginning of year $3,076,212 · end of year $2,648,974

  • 8 · Inventories for sale or use

    beginning of year $476,093 · end of year $558,165

  • 9 · Prepaid expenses and deferred charges

    beginning of year $66,154 · end of year $59,668

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

    $87,860,570

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

    $36,621,078

  • 10c · Land, buildings and equipment, net

    beginning of year $50,021,523 · end of year $51,239,492

  • 13 · Investments: program-related

    beginning of year $8,453,050 · end of year $8,913,771

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,038,481 · end of year $3,856,822

  • 23 · Secured mortgages and notes payable

    beginning of year $21,332,717 · end of year $21,857,275

  • 25 · Other liabilities

    beginning of year $4,925,448 · end of year $4,555,798

  • 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 $35,096,865 · end of year $38,108,464

Mission and programs · 2025

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 2025 return.

Listed in Part VII

  • William E Askew

    VICE PRESIDENT

    Total calculated
    $15,302
    From this org
    $12,516
    From related orgs
    $0
    Other
    $2,786
    Hours/week
    1.27

  • Kirby Bell

    DIRECTOR

    Total calculated
    $14,772
    From this org
    $12,000
    From related orgs
    $0
    Other
    $2,772
    Hours/week
    0.96

  • Jack Edmonson

    DIRECTOR

    Total calculated
    $14,780
    From this org
    $12,000
    From related orgs
    $0
    Other
    $2,780
    Hours/week
    0.61

  • Richard S Harper

    DIRECTOR

    Total calculated
    $14,786
    From this org
    $12,000
    From related orgs
    $0
    Other
    $2,786
    Hours/week
    1.05

  • Jeffery N Letchworth

    SECRETARY/TREASURER

    Total calculated
    $14,786
    From this org
    $12,000
    From related orgs
    $0
    Other
    $2,786
    Hours/week
    0.88

  • Garland Mozingo

    DIRECTOR

    Total calculated
    $14,786
    From this org
    $12,000
    From related orgs
    $0
    Other
    $2,786
    Hours/week
    1.19

  • James Shackleford

    DIRECTOR

    Total calculated
    $15,022
    From this org
    $12,242
    From related orgs
    $0
    Other
    $2,780
    Hours/week
    0.95

  • Ernest G Smith

    PRESIDENT

    Total calculated
    $15,336
    From this org
    $12,550
    From related orgs
    $0
    Other
    $2,786
    Hours/week
    2.02

  • Michael Hardy

    DIRECTOR

    Total calculated
    $14,786
    From this org
    $12,000
    From related orgs
    $0
    Other
    $2,786
    Hours/week
    0.82

  • Mark A Sugg

    GENERAL MANAGER/EVP

    Total calculated
    $520,122
    From this org
    $429,821
    From related orgs
    $0
    Other
    $90,301
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $408,657
    Bonus
    $8,702
    Other
    $12,462
    Deferred
    $36,750
    Nontaxable benefits
    $53,551
    Filer's total
    $520,122

  • Anthony W Barrow

    VICE PRESIDENT OF ENGINEERING

    Total calculated
    $317,570
    From this org
    $263,736
    From related orgs
    $0
    Other
    $53,834
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $253,983
    Bonus
    $5,478
    Other
    $4,275
    Deferred
    $26,738
    Nontaxable benefits
    $27,096
    Filer's total
    $317,570

  • Patsy B Rowe

    DIRECTOR - FINANCE

    Total calculated
    $315,743
    From this org
    $206,684
    From related orgs
    $0
    Other
    $109,059
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,152
    Bonus
    $4,260
    Other
    $5,272
    Deferred
    $82,726
    Nontaxable benefits
    $26,333
    Filer's total
    $315,743

  • Milton M Grant

    DIRECTOR - OPERATIONS

    Total calculated
    $270,075
    From this org
    $202,530
    From related orgs
    $0
    Other
    $67,545
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,746
    Bonus
    $4,286
    Other
    $3,498
    Deferred
    $21,086
    Nontaxable benefits
    $46,459
    Filer's total
    $270,075

  • Tammy Murphy

    DIRECTOR OF HUMAN RESOURCE

    Total calculated
    $237,217
    From this org
    $178,522
    From related orgs
    $0
    Other
    $58,695
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,098
    Bonus
    $3,816
    Other
    $1,608
    Deferred
    $18,778
    Nontaxable benefits
    $39,917
    Filer's total
    $237,217

  • Matt Starling

    DIRECTOR - ENGINEERING

    Total calculated
    $285,899
    From this org
    $171,282
    From related orgs
    $0
    Other
    $114,617
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,452
    Bonus
    $3,643
    Other
    $1,187
    Deferred
    $74,545
    Nontaxable benefits
    $40,072
    Filer's total
    $285,899

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
2025
Filed
27 May 2026
IRS schema version
2025v4.1
Source object
202611499349301556

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