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Nonprofit · EIN 58-0273635

HABERSHAM ELECTRIC MEMBERSHIP CORP

Tax-exempt · CLARKESVILLE, GA 30523

Financials

$79.5M$79.5M2023$88M$88M2024
Revenue Expenses · by fiscal year end
Financials of HABERSHAM ELECTRIC MEMBERSHIP CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$87,964,191$87,964,191$0$247,300,145$171,587,936$75,712,209
December 31, 2023990$79,545,222$79,545,222$0$210,367,063$143,045,263$67,321,800
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$87,165,593
Investment income
$795,446
Other revenue
$3,152

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$8,538,643
Compensation of officers, directors and key employees
$676,106
Salaries, compensation and benefits (total)
$676,106
Professional fundraising fees
$0
Depreciation
$8,559,011

Balance sheet and other

Total assets, start of year
$210,367,063
Total assets, end of year
$247,300,145
Total liabilities, end of year
$171,587,936
Net assets, end of year
$75,712,209
Land, buildings and equipment
$183,579,477
Gross receipts
$87,992,499
Employees
117
Year formed
1937
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
BRYAN FERGUSONPRES/CEO
Officer
46$406,841$93,641
KELLY WILKINSVP, FINANCE
Highest-paid employee
46$225,627$86,294
JOSH ALLENVP OF ENG. A
Highest-paid employee
49$223,349$84,852
ROGER THURMONDVP, MEMBER R
Highest-paid employee
48$208,347$49,767
GAIL WELBORNDIRECTOR OF
Highest-paid employee
44$152,541$72,024
MARK LEACHDIRECTOR ENG
Highest-paid employee
42$170,530$50,335
DUSTIN HULSEYCHAIRMAN
Trustee or director, Officer
4.96$25,000$0
WILLIAM A CANTRELL JRVICE CHAIRMA
Trustee or director, Officer
6.82$22,000$0
DAN THURMONDDIRECTOR
Trustee or director
6.13$20,400$0
DAVID WALLDIRECTOR
Trustee or director
7.27$19,700$0
JEFF HERRINDIRECTOR
Trustee or director
6.18$19,000$0
RICK WOODDIRECTOR
Trustee or director
3.12$18,400$0
JONATHAN D TAYLORDIRECTOR
Trustee or director
3.16$18,025$0
DAVID FOSTERDIRECTOR
Trustee or director
2.85$16,800$0
KENNETH MCENTIRESECRETARY/TR
Trustee or director, Officer
4.47$16,300$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensationOther / benefits
BRYAN FERGUSONPRES/CEO
Officer
45$384,795$89,690
JOSH ALLENVP OF ENGINE
Highest-paid employee
49$221,885$80,302
KELLY WILKINSVP, FINANCE
Highest-paid employee
47$214,445$82,616
ROGER THURMONDVP, MEMBER R
Highest-paid employee
48$202,802$47,120
GAIL WELBORNDIRECTOR OF
Highest-paid employee
45$151,654$68,076
MARK LEACHDIRECTOR ENG
Highest-paid employee
41$162,427$49,433
DUSTIN HULSEYVICE CHAIRMA
Trustee or director
4.97$24,400$0
WILLIAM A CANTRELL JRSECRETARY-TR
Trustee or director, Officer
5.8$21,000$0
DAN THURMONDDIRECTOR
Trustee or director
7.92$20,800$0
DAVID WALLCHAIRMAN
Trustee or director, Officer
7.42$19,200$0
JONATHAN D TAYLORDIRECTOR
Trustee or director
2.99$19,000$0
DAVID FOSTERDIRECTOR
Trustee or director
5.41$18,400$0
RICK WOODDIRECTOR
Trustee or director
3.67$18,200$0
KENNETH MCENTIREDIRECTOR
Trustee or director
5$16,800$0
JEFF HERRINDIRECTOR
Trustee or director
5.35$15,600$0

Address and contacts

Address (IRS master file)
6135 HIGHWAY 115, CLARKESVILLE, GA 30523-6761
In care of
% JAMES WALKER
Principal officer (990 for 2024)
BRYAN FERGUSON, 6135 STATE HIGHWAY 115, CLARKESVILLE, GA 30523
Signed the 990
BRYAN FERGUSON, PRES/CEO
Phone
(706) 754-2114
Return prepared by
MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.

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
58-0273635
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)
$247,300,145
Income (IRS master file)
$87,992,499

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$87,964,191$87,964,191$247,300,145XML
990December 2023$79,545,222$79,545,222$210,367,063XML
990December 2022$76,985,449$79,843,534$188,949,179IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 58-0273635).

Questions about HABERSHAM ELECTRIC MEMBERSHIP CORP

What is the EIN of HABERSHAM ELECTRIC MEMBERSHIP CORP?
The employer identification number (EIN) of HABERSHAM ELECTRIC MEMBERSHIP CORP is 58-0273635.
Is HABERSHAM ELECTRIC MEMBERSHIP CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
Are donations to HABERSHAM ELECTRIC MEMBERSHIP CORP tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does HABERSHAM 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 HABERSHAM 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 HABERSHAM 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 HABERSHAM ELECTRIC MEMBERSHIP CORP?
The 990 for the year ended December 31, 2024 names BRYAN FERGUSON.
Who are the officers and directors of HABERSHAM ELECTRIC MEMBERSHIP CORP?
The 990 for the year ended December 31, 2024 lists 15 people; 15 received compensation from the organization, the highest $406,841 (BRYAN FERGUSON, PRES/CEO).
How much revenue does HABERSHAM ELECTRIC MEMBERSHIP CORP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $87,964,191, expenses of $87,964,191 and total assets of $247,300,145 at year end.

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