North Georgia Electric Membership
- Assets
- $404.0m
- Revenue
- $261.1m
- Investments
- $4.5m
- Employees
- 259
- Location
- Dalton, GA
- Founding
- 11/1942
- Data as of
- 06/2022
- EIN
- 58-0370240
Organization Overview
North Georgia Electric Membership is located in Dalton, GA. The organization was established in 1942. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2022, North Georgia Electric Membership employed 259 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Georgia Electric Membership is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 06/2022, North Georgia Electric Membership generated $261.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $261.1m during the year ending 06/2022. While expenses have increased by 1.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ENCOURAGE THE USE OF ELECTRIC ENERGY AND MAKE IT AVAILABLE (CONTINUED ON SCHEDULE O) TO CONSUMERS AT THE LOWEST POSSIBLE COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTH GEORGIA EMC IS A NOT-FOR-PROFIT ELECTRIC COOPERATIVE SERVING OVER 100,000 METERS IN CATOOSA, CHATTOOGA, FLOYD, GORDON, MURRAY, WALKER, AND WHITFIELD COUNTIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn D West President And CEO | Officer | 60 | $329,230 |
Alisa Basaraba V.P. Member Services | Officer | 50 | $174,326 |
Jeff Brown Vice President Of Operatio | Officer | 50 | $171,922 |
Brian Childers Vice President Of Informat | Officer | 50 | $160,676 |
Kim Gamel Vice President Of Corporat | Officer | 50 | $159,073 |
Paul Ruud Vice President Of Engineer | Officer | 50 | $158,847 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marable-pirkle Services Llc Construction Contractor | 6/29/22 | $5,874,564 |
Wa Kendall & Co Inc Right Of Way Contractor | 6/29/22 | $3,982,430 |
Allied Underground Services Construction Contractor | 6/29/22 | $1,967,785 |
Trees Unlimited Right Of Way Contractor | 6/29/22 | $1,599,099 |
Sumter Utilities Inc Construction Contractor | 6/29/22 | $989,787 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $251,057,259 |
| Investment income | $737,887 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,861,870 |
| Net Gain/Loss on Asset Sales | $9,092 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,073,462 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,662 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $8,466,333 |
| Compensation of current officers, directors, key employees. | $1,548,668 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,483,738 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,864,986 |
| Insurance | $0 |
| All other expenses | $6,455,860 |
| Total functional expenses | $261,073,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,148,668 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,675,211 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,931,937 |
| Inventories for sale or use | $3,990,423 |
| Prepaid expenses and deferred charges | $1,415,644 |
| Net Land, buildings, and equipment | $354,329,992 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,467,037 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $403,958,912 |
| Accounts payable and accrued expenses | $30,242,701 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $141,347,065 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,972,205 |
| Total liabilities | $186,561,971 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $855,420 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $216,541,521 |
| Total liabilities and net assets/fund balances | $403,958,912 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Georgia Electric Membership Dalton, GA | $403,958,912 | $261,073,462 |
Florida Keys Electric Cooperative Assn Inc Tavernier, FL | $200,443,071 | $95,142,745 |
Gulf Coast Electric Coop Inc Wewahitchka, FL | $224,365,619 | $58,878,465 |
Smarr Emc Tucker, GA | $71,741,134 | $49,681,647 |
Pioneer Electric Cooperative Inc Greenville, AL | $91,310,213 | $29,119,242 |
Talquin Water And Wastewater Inc Quincy, FL | $78,166,911 | $14,825,048 |
North Georgia Network Cooperative Inc Cornelia, GA | $3,041,928 | $3,287,743 |
Fairpoint Regional Utility System Inc Navarre, FL | $22,276,497 | $3,692,461 |
Meansville Riley Road Water Company Inc Union, SC | $9,319,076 | $1,440,416 |
Mossy Head Water Works Defuniak Springs, FL | $7,679,548 | $1,340,525 |
Wrp Inc Destin, FL | $26,355,410 | $327,755 |
Sterrett-Vandiver Water System Inc Sterrett, AL | $2,343,775 | $716,706 |