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Nonprofit · EIN 58-0140201

AMICALOLA ELECTRIC MEMBERSHIP CORP

Tax-exempt · JASPER, GA 30143

Financials

$107.2M$107.2M2023$119.5M$119.5M2024
Revenue Expenses · by fiscal year end
Financials of AMICALOLA ELECTRIC MEMBERSHIP CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$119,484,944$119,484,944$0$257,147,770$174,764,377$82,383,393
December 31, 2023990$107,180,242$107,180,242$0$238,951,801$157,696,143$81,255,658
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$117,608,179
Investment income
$1,876,765
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$1,366,696
Compensation of officers, directors and key employees
$902,006
Salaries, compensation and benefits (total)
$902,006
Professional fundraising fees
$0
Depreciation
$8,584,976

Balance sheet and other

Total assets, start of year
$238,951,801
Total assets, end of year
$257,147,770
Total liabilities, end of year
$174,764,377
Net assets, end of year
$82,383,393
Land, buildings and equipment
$194,898,009
Gross receipts
$119,484,944
Employees
176
Year formed
1940
State of legal domicile
GA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
TODD PAYNEPRESIDENT &
Officer
50$490,308$153,948
PENELOPE MARSHALLEVP & CFO
Highest-paid employee
50$261,639$32,121
NATHANIEL WESTVP-OPERATION
Highest-paid employee
50$192,620$94,179
RONALD MCALLISTERCONST. CREW
Highest-paid employee
50$188,572$52,514
KENNETH PAYNEMGR. OF ENG
Highest-paid employee
50$175,589$25,671
TODD SATTERFIELDMGR. DISTRIC
Highest-paid employee
50$170,485$15,442
DAVID J PIERCEDIRECTOR
Trustee or director
4.73$30,900$0
TRAVIS CLINEDIRECTOR
Trustee or director
5.86$30,600$0
REGGIE STOWERSDIRECTOR
Trustee or director
4.98$29,700$0
CHARLES R FENDLEYCHAIRMAN
Trustee or director, Officer
6.6$29,100$0
RANDALL PONDERSEC.-TREAS.
Trustee or director, Officer
2$28,800$0
EDWARD TUCKERDIRECTOR
Trustee or director
4.85$28,800$0
SHELLEY CANTRELLDIRECTOR
Trustee or director
5.37$27,900$0
KATHY BURTDIRECTOR
Trustee or director
2.95$27,300$0
JOHN H BENNETT JRVICE CHAIRMA
Trustee or director, Officer
10.49$24,650$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensationOther / benefits
TODD PAYNEPRESIDENT &
Officer
50$471,401$144,558
NATHANIEL WESTVP-OPERATION
Highest-paid employee
50$208,679$84,654
PENELOPE MARSHALLEVP & CFO
Highest-paid employee
50$250,367$27,067
RONALD MCALLISTERCONST. CREW
Highest-paid employee
50$174,685$50,479
KENNETH PAYNEMGR. OF ENG
Highest-paid employee
50$184,473$25,098
TODD SATTERFIELDMGR. DISTRIC
Highest-paid employee
50$175,123$16,250
JOHN H BENNETT JRVICE CHAIRMA
Trustee or director, Officer
12.21$33,800$0
CHARLES R FENDLEYCHAIRMAN
Trustee or director, Officer
9.29$32,400$0
DAVID J PIERCEDIRECTOR
Trustee or director
6.99$30,600$0
TRAVIS CLINEDIRECTOR
Trustee or director
5.65$30,000$0
RANDALL PONDERSEC.-TREAS.
Trustee or director, Officer
2.04$29,100$0
EDWARD TUCKERDIRECTOR
Trustee or director
3.53$28,500$0
REGGIE STOWERSDIRECTOR
Trustee or director
4.91$28,200$0
SHELLEY CANTRELLDIRECTOR
Trustee or director
20.08$27,600$0
KATHY BURTDIRECTOR
Trustee or director
2.07$25,200$0

Address and contacts

Address (IRS master file)
544 HIGHWAY 515 S, JASPER, GA 30143-4831
In care of
AMICALOLA ELECTRIC MEMBERSHIP CORPO
Principal officer (990 for 2024)
TODD PAYNE, 544 HWY 515 SOUTH, JASPER, GA 30143
Signed the 990
TODD PAYNE, PRESIDENT & CEO
Phone
(706) 253-5200
Return prepared by
MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC

Mission

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.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE SAFE AND RELIABLE ELECTRICITY TO THE MEMBERS WITHIN THE COUNTIES WE SERVE.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
58-0140201
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1942
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$257,147,770
Income (IRS master file)
$119,484,944

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$119,484,944$119,484,944$257,147,770IRS
990December 2023$107,180,242$107,180,242$238,951,801XML
990December 2022$110,407,403$113,275,047$226,470,714IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-0140201).

Questions about AMICALOLA ELECTRIC MEMBERSHIP CORP

What is the EIN of AMICALOLA ELECTRIC MEMBERSHIP CORP?
The employer identification number (EIN) of AMICALOLA ELECTRIC MEMBERSHIP CORP is 58-0140201.
Is AMICALOLA ELECTRIC MEMBERSHIP CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
Are donations to AMICALOLA ELECTRIC MEMBERSHIP CORP tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does AMICALOLA ELECTRIC MEMBERSHIP CORP file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AMICALOLA ELECTRIC MEMBERSHIP CORP due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AMICALOLA ELECTRIC MEMBERSHIP CORP last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of AMICALOLA ELECTRIC MEMBERSHIP CORP?
The 990 for the year ended December 31, 2024 names TODD PAYNE.
Who are the officers and directors of AMICALOLA ELECTRIC MEMBERSHIP CORP?
The 990 for the year ended December 31, 2024 lists 15 people; 15 received compensation from the organization, the highest $490,308 (TODD PAYNE, PRESIDENT &).
How much revenue does AMICALOLA ELECTRIC MEMBERSHIP CORP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $119,484,944, expenses of $119,484,944 and total assets of $257,147,770 at year end.

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