Georgia Electric Membership Corporation
- Assets
- $11.6m
- Revenue
- $14.9m
- Investments
- $0.0
- Employees
- 43
- Location
- Tucker, GA
- Founding
- 11/1978
- Data as of
- 12/2021
- EIN
- 58-0530279
Organization Overview
Georgia Electric Membership Corporation is located in Tucker, GA. The organization was established in 1978. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Georgia Electric Membership Corporation employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Electric Membership Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Georgia Electric Membership Corporation generated $14.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $14.1m during the year ending 12/2021. While expenses have increased by 0.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE EMCS OF GEORGIA BY PROVIDING MEMBER-FOCUSED LEADERSHIP AND A UNIFIED VOICE THROUGH ADVOCACY, EDUCATION AND COMMUNICATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Chastain President & | Officer | 40 | $403,946 |
Jennifer Bruce CFO - Gemc | 40 | $313,895 | |
Pat Merritt Vp-Comm & Ec | 40 | $228,723 | |
Laurel George Editor & VP | 40 | $212,054 | |
Harry Reeves Vice Preside | 40 | $210,907 | |
Lindsay Bridges Vice Preside | 40 | $208,309 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deal Riley And Associates Consulting | 12/30/21 | $120,000 |
Balch & Bingham Llp Legal | 12/30/21 | $163,296 |
The Jl Morgan Company Inc Consulting | 12/30/21 | $120,000 |
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 | $14,888,867 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,888,867 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $604,634 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,961,326 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,907,532 |
| Payroll taxes | $381,812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $305,329 |
| Fees for services: Accounting | $31,342 |
| 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 | $1,815,272 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $333,813 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,938 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $75,301 |
| All other expenses | $1,315,743 |
| Total functional expenses | $14,137,529 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,700,650 |
| Savings and temporary cash investments | $31,198 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $286,910 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $491,968 |
| Net Land, buildings, and equipment | $405,511 |
| Investments—publicly traded securities | $671,773 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,219 |
| Total assets | $11,625,229 |
| Accounts payable and accrued expenses | $218,803 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,599,729 |
| Total liabilities | $1,818,532 |
| Net assets without donor restrictions | $9,806,697 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,625,229 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Georgia Electric Membership Corporation has recieved totaling $26,000.
| Awarding Organization | Amount |
|---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: EDUCATIONAL FUND-GEORGIA EMC SUNBELT AGRICULTURAL EXPOSITION EXHIBIT | $26,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Electric Membership Corporation Tucker, GA | $11,625,229 | $14,888,867 |
Tennessee Electric Co-Op Assn Nashville, TN | $3,724,180 | $7,501,409 |
Tennessee Valley Public Power Assocation Inc Chattanooga, TN | $38,455,755 | $10,938,894 |
Alabama Rural Electric Association Of Cooperatives Montgomery, AL | $6,685,824 | $6,922,697 |
Florida Rural Water Association Inc Tallahassee, FL | $5,495,162 | $5,330,787 |
North Carolina Bankers Association Raleigh, NC | $20,486,401 | $4,106,914 |
Association Of County Commissioners Of Alabama Montgomery, AL | $4,269,663 | $2,836,484 |
Community Bankers Association Of Georgia Marietta, GA | $3,566,732 | $2,257,495 |
Association Of Energy Services Professionals Oviedo, FL | $3,026,296 | $1,527,113 |
Bahama Out Islands Promotion Board Plantation, FL | $1,121,105 | $1,383,765 |
North Carolina Retired Governmental Employees Association Inc Raleigh, NC | $2,683,390 | $2,030,365 |
American Water Works Association St Cloud, FL | $1,502,789 | $877,562 |