2024-02-28T10:43:25-05:00 2023-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2023-01-01 580452284 SUMTER ELECTRIC MEMBERSHIP CORP SUMT 2299248041 PO BOX 1048 AMERICUS GA 317091048 RENE SMITH PRESIDENT & CEO 2299248041 2024-02-29 true RENE SMITH XXX-XX-XXXX false WILLIAM R ROUNTREE P01231836 4787466277 2024-02-28 2023 2023-04-26 12:10:37Z ATTN WILLIAM HAMMACK RENE SMITH PO BOX 1048 AMERICUS GA 317091048 53360558 false X WWW.SUMTEREMC.COM X 1937 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. 11 11 74 0 0 52228475 52977905 238990 382653 0 52467465 53360558 0 1536298 3416662 735580 764311 0 0 50195587 49179585 52467465 53360558 0 152325355 159996605 78730577 83002182 73594778 76994423 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 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 false false false false false false false true false true false 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 85 0 true 74 true false false false false false 51288974 669108 false false false X 11 11 false false false false true true true true true false false true true true true true true true true false GA X WILLIAM HAMMACK SUMTER EMC 2299248041 PO BOX 1048 AMERICUS GA 31709 CECIL O MYERS JR CHAIRMAN 2.00 X X 33435 0 0 MICHAEL WEBB VICE CHAIRMA 2.00 X X 33497 0 0 WILLIAM HARRIS SEC-TREASURE 2.00 X X 31384 0 0 CHRISTI DOCKERY ASST SECRETA 2.00 X X 29567 0 0 ALBERT BARRETT DIRECTOR 1.00 X 33157 0 0 EDDIE WATSON DIRECTOR 1.00 X 31287 0 0 GLENN E DAVIS DIRECTOR 1.00 X 31967 0 0 ANDREW PAYNE DIRECTOR 1.00 X 28724 0 0 LISA A DAVIS DIRECTOR 1.00 X 25154 0 0 LEON WILLIAMS DIRECTOR 1.00 X 23061 0 0 LEHANNE SINGLETON DIRECTOR 1.00 X 29057 0 0 RENE SMITH PRESIDENT & 50.00 X 313859 0 120162 DAVID BROKAMP SR. VP. OPER 50.00 X 249291 0 98774 WILLIAM HAMMACK VP FINANCE & 50.00 X 193639 0 88485 ANDREA WALKER VP ADMIN & M 50.00 X 181145 0 80911 BRAD WARD VP ENGINEERI 50.00 X 181373 0 78445 JULIE HIGGINS FMR-VP FIN & 40.00 X 166624 0 12074 J TED MCMILLAN PRESIDENT EM 0.00 X 141419 0 0 1757640 478851 16 true true false SOUTHERN LINE CONT INC 7183 KEITH ROAD HOGANSVILLE GA 30230 LINE SERVICES 1879263 GW ELECTRIC COMPANY 25249 NETWORK PLACE CHICAGO IL 60673 EQUIPMENT 329676 SUPERIOR CONTRACTING CO 5678 GA HWY 26 WEST ELLAVILLE GA 31806 CONSTRUCTION 317717 CAPPSTONE ENERGY GROUP PO BOX 2295 COVINGTON GA 30015 ENGINEERING 285498 4 ELECTRIC REVENUE 221000 51305561 51305561 G & T CAPITAL CREDITS 221000 982161 982161 POLE RENTAL 221000 388974 388974 OTHER CAPITAL CREDITS 221000 388185 388185 OTHER REVENUES 221000 -86976 -86976 52977905 382653 382653 53360558 52977905 382653 3416662 764311 2316756 4584911 PURCHASED POWER 26990256 DISTRIBUTION MAINTENANCE 4951305 ADMIN. & GENERAL EXP. 4678614 DISTRIBUTION OPERATIONS 2897959 2759784 53360558 0 0 0 7098036 6292537 2084604 2329224 2297136 2148731 2754290 1252040 161429608 39810755 112667491 121618853 21011297 22241689 4412501 4113531 152325355 159996605 5846048 7090757 65316648 69114683 7567881 6796742 78730577 83002182 X 75855 76275 73518923 76918148 73594778 76994423 152325355 159996605 X 0 3399645 X false true X true false 1329187 1329187 160100421 39810755 120289666 121618853 PATRONAGE CAPITAL FROM ASSOC. 21423059 C CFC CTC'S 757030 C OTHER INVESTMENTS IN ASSOC. 61600 C 22241689 REGULATORY LIABILITES - ASC 980 4850000 CONSUMER DEPOSITS 1380810 DEFERRED COMPENSATION 565932 6796742 53360558 53360558 53360558 49293896 49293896 4066662 4066662 53360558 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL ASSIGNED 3,416,662 NET DEFERRED REVENUE - ASC 980 650,000 SCHEDULE D, PAGE 4, PART XIII THE CORPORATION'S RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMISSION (18CFR.PART.101). THOSE PRACTICES UTILIZE ALLOCATION BASIS. AS A RESULT, IT WOULD REQUIRE SIGNIFICANT EFFORT TO BREAK OUT EXPENSES IN THE FUNCTION CATEGORIES PROVIDED FOR ON THE STATEMENT OF FUNCTIONAL EXPENSES. MANAGEMENT HAS OPTED TO CLASSIFY ITS EXPENSES ON PART IX OF THE FORM 990 IN THE SAME MANNER IT REPORTS ITS FINANCIAL RESULTS TO LENDERS, REGULATORS AND ITS MEMBER-OWNERS. X X X X X false true false RENE SMITH PRESIDENT & CEO 303512 10347 77195 42967 434021 DAVID BROKAMP SR. VP. OPERATIONS 230933 18358 58851 39923 348065 WILLIAM HAMMACK VP FINANCE & ACCTG 183637 10002 47830 40655 282124 ANDREA WALKER VP ADMIN & MARKETING 179796 1349 45455 35456 262056 BRAD WARD VP ENGINEERING 174073 7300 43741 34704 259818 JULIE HIGGINS FMR-VP FIN & ACCTG 36027 130597 8492 3582 178698 81966 J TED MCMILLAN PRESIDENT EMERITUS 141419 141419 141419 SCHEDULE J, PAGE 1, PART I, LINE 4 JULIE HIGGINS 0 81,966 0 J. TED MCMILLAN 0 141,419 0 SCHEDULE J, PART III J. TED MCMILLAN'S AND JULIE HIGGINS COMPENSATION IS DUE TO DISTRIBUTIONS HIS IRC 457(B) ACCOUNTS. THESE DISTRIBUTIONS WILL CONTINUE BASED ON THEIR PAYOUT SCHEDULE PROVIDED BY THE PARTICIPANTS. THE DISTRIBUTIONS WERE FUNDED SOLEY FROM EMPLOYEE DEFERRALS OF COMPENSATION UNDER IRC 457(B). THE AMOUNTS DEFERRED WERE REPORTED AS COMPENSATION IN PREVIOUS 990'S AS THE COMPENSATION WAS DEFERRED AND TAXED TO THE PARTICIPANT AS FICA WAGES. 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 AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. 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 CEO COMPENSATION IS REVIEWED AND APPROVED 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 KEY EMPLOYEE COMPENSATION IS REVIEWED AND APPROVED 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 RETIRED CAPITAL CREDITS - GAIN 505,708 PATRONAGE CAPITAL ASSIGNED 3,416,662 CHANGE IN MEMBERSHIPS 420 DEFERRED REVENUE - ASC 980 650,000 RETIRED CAPITAL CREDITS -1,173,145 TOTAL 3,399,645