2024-11-14T10:26:44-05:00 2023-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2023-01-01 580140201 AMICALOLA ELECTRIC MEMBERSHIP CORPORATION AMIC 7062535200 544 HWY 515 SOUTH JASPER GA 31043 TODD PAYNE PRESIDENT & CEO 7062535200 2024-03-28 true false WILLIAM R ROUNTREE P01231836 4787466277 2024-11-14 2023 2024-10-15 13:58:12Z TODD PAYNE 544 HWY 515 SOUTH JASPER GA 30143 107180242 false X HTTPS://WWW.AMICALOLAEMC.COM/ X 1940 GA TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. 9 9 183 0 0 106594582 104372970 3633019 2779837 179802 27435 110407403 107180242 0 811677 4057925 804778 881359 0 0 111658592 102240958 113275047 107180242 -2867644 0 226470714 238951801 146930228 157696143 79540486 81255658 TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. false false 107180242 TO PROVIDE SAFE AND RELIABLE ELECTRICITY TO THE MEMBERS WITHIN THE COUNTIES WE SERVE. 107180242 false false false false false false false false false true false true true true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true X 34 0 true 183 true false false false false false 100530486 3019260 false false false X 9 9 false false false false true true true true true false false true true true true true true true true true true GA X PENELOPE MARSHALL 7062535200 544 HWY 515 SOUTH JASPER GA 30143 CHARLES R FENDLEY CHAIRMAN 9.29 X X 32400 0 0 JOHN H BENNETT JR VICE CHAIRMA 12.21 X X 33800 0 0 RANDALL PONDER SEC.-TREAS. 2.04 X X 29100 0 0 TRAVIS CLINE DIRECTOR 5.65 X 30000 0 0 KATHY BURT DIRECTOR 2.07 X 25200 0 0 DAVID J PIERCE DIRECTOR 6.99 X 30600 0 0 REGGIE STOWERS DIRECTOR 4.91 X 28200 0 0 EDWARD TUCKER DIRECTOR 3.53 X 28500 0 0 SHELLEY CANTRELL DIRECTOR 20.08 X 27600 0 0 TODD PAYNE PRESIDENT & 50.00 X 471401 0 144558 PENELOPE MARSHALL EVP & CFO 50.00 X 250367 0 27067 NATHANIEL WEST VP-OPERATION 50.00 X 208679 0 84654 KENNETH PAYNE MGR. OF ENG 50.00 X 184473 0 25098 TODD SATTERFIELD MGR. DISTRIC 50.00 X 175123 0 16250 RONALD MCALLISTER CONST. CREW 50.00 X 174685 0 50479 1730128 348106 52 false true false WHITNER CONSTRUCTION PO BOX 2588 BLUE RIDGE GA 30513 CONSTRUCTION 328180 1 ELECTRIC REVENUE 221000 100530486 100530486 POLE RENTAL 221000 2763820 2763820 OTHER CAPITAL CREDITS 221000 543623 543623 G & T CAPITAL CREDITS 221000 535041 535041 104372970 2779837 2779837 MISC NONOPERATING INCOME 26435 26435 GAIN OR LOSS FROM DISP OF PLA 1000 1000 27435 107180242 104400405 2779837 4057925 881359 4123791 8312014 PURCHASED POWER 61686497 DISTRIBUTION MAINTENANCE 13968820 ADMIN. & GENERAL EXP. 6414932 CONSUMER ACCOUNTS 4073866 3661038 107180242 0 0 0 689081 2061521 8508028 5845830 8674364 8731385 243781 296844 280108748 95891564 171487936 184217184 12879423 13930631 23988101 23868406 226470714 238951801 15331250 13832454 105408566 117234016 26190412 26629673 146930228 157696143 X 902617 923522 78637869 80332136 79540486 81255658 226470714 238951801 X 0 1715172 X false true X true false 656846 656846 279451902 95891564 183560338 184217184 PAT CAP COOPS - GTC 6490563 C OTHER PATCAP INVESTMENTS 2016302 C GEC 1516962 C PAT CAP COPS - GRESCO 1370407 C CFC MEMBER CAPITAL SECURITIES 823566 C CONTRIBUTED CAPITAL - GTC 741557 C SMARR EMC 610543 C SEDC 360731 C 13930631 POSTRETIREMENT HEALTHCARE BENEFITS 9882129 ACCRUED UTILITY REVENUE 8162796 PREPAID FIBER ACCESS FEES 4553023 DEFERRED COMPENSATION 1259236 INTEREST & DIVIDENDS RECEIVABLE 9384 SYSTEM RESTORATION 3675 OTHER -1837 23868406 REGULATORY LIABILITES - ASC 980 14500000 CONSUMER DEPOSITS 5932518 DEFERRED CREDITS 4937919 DEFERRED COMPENSATION 1259236 26629673 107930242 750000 750000 107180242 107180242 103122317 103122317 4057925 4057925 107180242 SCHEDULE D, PAGE 4, PART XI, LINE 2D NET DEFERRED REV. RECOGNIZED UNDER ASC 980 750,000 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS/BENEFITS PAID TO MEMBERS 4,057,925 X X X false true false TODD PAYNE PRESIDENT & CEO 393600 77048 753 107415 37143 615959 PENELOPE MARSHALL EVP & CFO 207077 42537 753 214 26853 277434 NATHANIEL WEST VP-OPERATIONS/ENG 170219 37707 753 52412 32242 293333 KENNETH PAYNE MGR. OF ENGINEER 151013 32707 753 146 24952 209571 TODD SATTERFIELD MGR. DISTRICT OPS 146663 27707 753 134 16116 191373 RONALD MCALLISTER CONST. CREW LEADER 173602 1083 20843 29636 225164 SCHEDULE J, PART III THE CORPORATION HAS DEPOSITED FUNDS, REPRESENTING DEFERRED COMPENSATION, ON BEHALF OF QUALIFIED EMPLOYEES WHO HAVE ELECTED TO DEFER CERTAIN AMOUNTS OF COMPENSATION. THE CORPORATION IS SUBJECT TO ASSESSMENT FOR ANY AMOUNTS BY WHICH THE MARKET VALUATION OF THE FUNDS MIGHT FALL SHORT OF CONTRACTED AND GUARANTEED AMOUNTS DUE THE EMPLOYEES. THE ANNUAL DEFERRAL OF THE COMPENSATION PLAN IS CALCULATED IN ACCORDANCE WITH IRC SECTION 457, SUBJECT TO CHANGES UNDER IRC SECTION 457(B). FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7A THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE BOARD WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED BY THE BOARD AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI, SECTION C, LINE 18. FORM 990, PART XI, LINE 9 CHANGE IN DONATED CAPITAL 218,200 CHANGE IN MEMBERSHIPS 20,905 PATRONAGE CAPITAL CREDITS 4,057,925 NET DEFERRED REV RECOGNIZED UNDER ASC 980 750,000 PATRONAGE CAPITAL CREDIT RETIREMENTS -3,331,858 TOTAL 1,715,172