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Nonprofiteer
← MIDDLE GEORGIA ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2022

Filed by MIDDLE GEORGIA ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$24,653,220
Total expenses
$24,653,220
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$24,598,443
Investment income
$20,903
Other revenue
$33,874
Total assets, end of year
$85,101,109
Total liabilities, end of year
$58,799,398
Net assets or fund balances, end of year
$26,301,711
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.

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 $23,923,397 · related or exempt $23,923,397

  • 2b · Program service revenue: OTHER CAPITAL CREDITS

    total $369,776 · related or exempt $369,776

  • 2c · Program service revenue: G & T CAPITAL CREDITS

    total $305,270 · related or exempt $305,270

  • 3 · Investment income

    total $20,903 · excluded $20,903

  • 11a · Other revenue: REVENUE FROM GENERATOR SALES

    total $33,477 · related or exempt $33,477

  • 11b · Other revenue: GAIN ON DISPOSITION OF PROPER

    total $3,000 · related or exempt $3,000

  • 11c · Other revenue: REVENUE FROM SALES AND JOBS

    total -$2,603 · related or exempt -$2,603

  • 11e · Other revenue, total

    $33,874

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $783,243

  • 5 · Compensation of officers, directors and key employees

    total $219,858

  • 20 · Interest

    total $1,389,760

  • 22 · Depreciation, depletion and amortization

    total $2,020,033

  • 24a · Other expenses: PURCHASED POWER

    total $14,525,639

  • 24b · Other expenses: DISTRIBUTION MAINTENANCE

    total $2,067,327

  • 24c · Other expenses: DISTRIBUTION OPERATIONS

    total $1,376,225

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

    total $1,292,713

  • 24e · All other expenses

    total $978,422

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $578,531 · end of year $459,475

  • 4 · Accounts receivable

    beginning of year $1,610,416 · end of year $2,177,142

  • 8 · Inventories for sale or use

    beginning of year $1,349,716 · end of year $7,890,406

  • 9 · Prepaid expenses and deferred charges

    beginning of year $275,086 · end of year $284,324

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

    $81,357,944

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

    $15,930,213

  • 10c · Land, buildings and equipment, net

    beginning of year $47,573,112 · end of year $65,427,731

  • 13 · Investments: program-related

    beginning of year $9,222,449 · end of year $8,846,480

  • 15 · Other assets

    beginning of year $84,529 · end of year $15,551

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,163,618 · end of year $11,631,541

  • 23 · Secured mortgages and notes payable

    beginning of year $32,702,489 · end of year $47,014,553

  • 25 · Other liabilities

    beginning of year $145,874 · end of year $153,304

  • 29 · Capital stock, trust principal or current funds

    beginning of year $242,560 · end of year $236,270

  • 31 · Retained earnings, endowment or other funds

    beginning of year $25,439,298 · end of year $26,065,441

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

  • Don Wood

    CHAIRMAN

    Total calculated
    $25,222
    From this org
    $25,222
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • David Dunaway

    VICE CHAIRMA

    Total calculated
    $20,361
    From this org
    $20,361
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Jason Hayes

    SECRETARY

    Total calculated
    $13,230
    From this org
    $13,230
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Jerry Rhodes

    TREASURER

    Total calculated
    $20,013
    From this org
    $20,013
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Wes Hopper

    DIRECTOR

    Total calculated
    $25,128
    From this org
    $25,128
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Chad Weesner

    DIRECTOR

    Total calculated
    $25,128
    From this org
    $25,128
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Austin Warbington

    DIRECTOR

    Total calculated
    $25,128
    From this org
    $25,128
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Harley Lawson

    DIRECTOR

    Total calculated
    $22,320
    From this org
    $22,320
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Gary Dawson

    DIRECTOR

    Total calculated
    $10,828
    From this org
    $10,828
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Kay West

    FORMER DIREC

    Total calculated
    $10,059
    From this org
    $10,059
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $10,059
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $10,059

  • Ronnie Fleeman

    FORMER DIREC

    Total calculated
    $10,052
    From this org
    $10,052
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $10,052
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $10,052

  • Royce Conner

    FORMER DIREC

    Total calculated
    $10,054
    From this org
    $10,054
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $10,054
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $10,054

  • John Noble

    FORMER DIREC

    Total calculated
    $10,056
    From this org
    $10,056
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $10,056
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $10,056

  • Randy Crenshaw

    PRESIDENT &

    Total calculated
    $32,500
    From this org
    $32,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Danny Goss

    MANAGER OF O

    Total calculated
    $177,251
    From this org
    $125,349
    From related orgs
    $0
    Other
    $51,902
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $113,925
    Bonus
    $1,841
    Other
    $9,583
    Deferred
    $27,021
    Nontaxable benefits
    $24,881
    Filer's total
    $177,251

  • Summer Sheffield

    MANAGER OF A

    Total calculated
    $146,765
    From this org
    $113,482
    From related orgs
    $0
    Other
    $33,283
    Hours/week
    50

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 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

The filer's explanations (Part III)

SCHEDULE J, PART III
THE COOPERATIVE HAS A MEMORANDUM OF UNDERSTANDING WITH ANOTHER COOPERATIVE WHEREBY THE COOPERATIVES SHARE AN EXECUTIVE MANAGER. MIDDLE GEORGIA ELECTRIC MEMBERSHIP CORPORATION PAID 131,500 FOR THESE SHARED SERVICES DURING 2022.

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
15 February 2023
IRS schema version
2022v5.0
Source object
202331159349300248

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