Skip to content
Nonprofiteer
← LITTLE OCMULGEE ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2025

Filed by LITTLE OCMULGEE ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$28,998,193
Total expenses
$28,998,193
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$28,788,860
Investment income
$39,758
Other revenue
$169,575
Total assets, end of year
$89,803,746
Total liabilities, end of year
$60,188,103
Net assets or fund balances, end of year
$29,615,643
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$28,998,193

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 $28,315,600 · related or exempt $28,315,600

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

    total $473,260 · related or exempt $473,260

  • 3 · Investment income

    total $39,758 · excluded $39,758

  • 6a · Gross rents

    real property $169,575

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $169,575

  • 6d · Net rental income or loss

    total $169,575 · related or exempt $169,575

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,466,399

  • 5 · Compensation of officers, directors and key employees

    total $445,661

  • 12 · Advertising and promotion

    total $1,166

  • 13 · Office expenses

    total $81,745

  • 20 · Interest

    total $1,950,000

  • 22 · Depreciation, depletion and amortization

    total $2,792,839

  • 24a · Other expenses: COST OF POWER

    total $16,585,751

  • 24b · Other expenses: DISTRIBUTION - MAINTENA

    total $3,125,451

  • 24c · Other expenses: CONSUMER ACCOUNTS

    total $881,369

  • 24d · Other expenses: DISTRIBUTIONS - OPERATI

    total $797,282

  • 24e · All other expenses

    total $870,530

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $638,147 · end of year $493,605

  • 4 · Accounts receivable

    beginning of year $4,180,243 · end of year $6,357,243

  • 8 · Inventories for sale or use

    beginning of year $1,136,223 · end of year $594,687

  • 9 · Prepaid expenses and deferred charges

    beginning of year $46,106 · end of year $50,578

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

    $97,941,101

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

    $24,165,997

  • 10c · Land, buildings and equipment, net

    beginning of year $68,175,645 · end of year $73,775,104

  • 13 · Investments: program-related

    beginning of year $7,475,164 · end of year $7,457,926

  • 15 · Other assets

    beginning of year $1,922,468 · end of year $1,074,603

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,619,894 · end of year $1,755,596

  • 23 · Secured mortgages and notes payable

    beginning of year $48,470,635 · end of year $53,453,086

  • 25 · Other liabilities

    beginning of year $4,916,291 · end of year $4,979,421

  • 29 · Capital stock, trust principal or current funds

    beginning of year $40,330 · end of year $40,970

  • 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 $28,526,846 · end of year $29,574,673

Mission and programs · 2025

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE AREA AT THE LOWEST PRICE CONSISTENT WITH THE HIGHEST STANDARD OF SERVICE.

  • TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE AREA AT THE LOWEST PRICE CONSISTENT WITH THE HIGHEST STANDARD OF SERVICE.

    Expenses $28,998,193

As filed on the 2025 return.

Listed in Part VII

  • Jimmy Grimes

    DIRECTOR

    Total calculated
    $22,647
    From this org
    $22,647
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.12

  • Wesley Yawn

    DIRECTOR

    Total calculated
    $28,989
    From this org
    $28,989
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.81

  • George Best

    DIRECTOR

    Total calculated
    $8,381
    From this org
    $8,381
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.54

  • Benny Evans

    DIRECTOR - SECRETARY

    Total calculated
    $22,647
    From this org
    $22,647
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.98

  • Larue Fountain

    DIRECTOR

    Total calculated
    $6,878
    From this org
    $6,878
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.05

  • Chris Milton

    DIRECTOR

    Total calculated
    $14,838
    From this org
    $14,838
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.65

  • Jim Knight

    DIRECTOR - VICE PRESIDENT

    Total calculated
    $15,009
    From this org
    $15,009
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.87

  • Carey Locke

    DIRECTOR - PRESIDENT

    Total calculated
    $22,647
    From this org
    $22,647
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.75

  • Ronnie Bates

    DIRECTOR

    Total calculated
    $28,607
    From this org
    $28,607
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.88

  • Tommy Thompson

    DIRECTOR

    Total calculated
    $400
    From this org
    $400
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.75

  • Lewis Sheffield

    GENERAL MANAGER

    Total calculated
    $274,618
    From this org
    $230,978
    From related orgs
    $0
    Other
    $43,640
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,877
    Bonus
    $25,920
    Other
    $181
    Deferred
    $22,537
    Nontaxable benefits
    $21,103
    Filer's total
    $274,618

  • Keith Couey

    MANAGER OF OPERATIONS

    Total calculated
    $152,691
    From this org
    $137,998
    From related orgs
    $0
    Other
    $14,693
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,321
    Bonus
    $15,920
    Other
    $9,757
    Deferred
    $0
    Nontaxable benefits
    $14,693
    Filer's total
    $152,691

  • Jordan Floyd

    SAFETY COORDINATOR

    Total calculated
    $166,977
    From this org
    $111,414
    From related orgs
    $0
    Other
    $55,563
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $110,440
    Bonus
    $920
    Other
    $54
    Deferred
    $27,259
    Nontaxable benefits
    $28,304
    Filer's total
    $166,977

  • Erica York

    MANAGER OF FINANCIAL SERVICES

    Total calculated
    $148,161
    From this org
    $113,412
    From related orgs
    $0
    Other
    $34,749
    Hours/week
    40

  • John Yawn

    LINE FOREMAN

    Total calculated
    $159,771
    From this org
    $113,785
    From related orgs
    $0
    Other
    $45,986
    Hours/week
    45.76

    Schedule J breakdown matched by us

    Base
    $112,780
    Bonus
    $920
    Other
    $85
    Deferred
    $26,074
    Nontaxable benefits
    $19,912
    Filer's total
    $159,771

  • James Wood

    JOURNEYMAN LINEMAN

    Total calculated
    $138,800
    From this org
    $116,633
    From related orgs
    $0
    Other
    $22,167
    Hours/week
    47.07

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 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.

Provenance

Return type
form_990
Tax year
2025
Filed
26 March 2026
IRS schema version
2025v4.0
Source object
202611049349301331

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

The source document this was parsed from is served over the API, which is where bulk and document access live.