Gibson Electric Membership Corp

Organization Overview

Gibson Electric Membership Corp is located in Trenton, TN. The organization was established in 1937. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Gibson Electric Membership Corp employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gibson Electric Membership Corp 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 12/2021, Gibson Electric Membership Corp generated $104.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $98.4m during the year ending 12/2021. While expenses have increased by 2.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

GIBSON EMC IS AN ELECTRIC COOPERATIVE OWNED BY ITS MEMBERS. GIBSON EMC, AND ITS WHOLLY-OWNED SUBSIDIARY GIBSON CONNECT, SUPPLY ENERGY AND FIBER SERVICES THROUGHOUT A 12-COUNTY SERVICE AREA IN NORTHWEST TENNESSEE AND SOUTHWEST KENTUCKY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GIBSON EMC HAS 3,598 MILES OF ELECTRIC LINE AND 39,470 METERS IN CROCKETT, DYER, GIBSON, HAYWOOD, LAKE, LAUDERDALE, MADISON, AND OBION COUNTIES IN TENNESSEE AND CARLISLE, FULTON, GRAVES AND HICKMAN COUNTIES IN KENTUCKY. GIBSON CONNECT, GIBSON EMC'S WHOLLY-OWNED SUBSIDIARY, PROVIDES FIBER SERVICES TO VARIOUS ACCOUNTS THROUGHOUT GIBSON EMC'S SERVICE AREA WITH 2,680 MILES OF FIBER LINES AND 10,832 CUSTOMERS. THE CORPORATE OFFICE IS LOCATED IN TRENTON, TENNESSEE WITH MEMBER SERVICE CENTERS IN ALAMO, TIPTONVILLE, TRENTON, MEDINA, AND TROY, TENNESSEE AND HICKMAN, KENTUCKY.


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Board, Officers & Key Employees

Name (title)Compensation
Dan Rodamaker
Pres. & CEO
$675,474
Barry Smith
VP Of Operat
$220,921
Charles Phillips
VP Of Techni
$219,278
Richard Beden
CFO
$157,847
Rita Alexander
VP Of Commun
$155,107
Randy Dotson
Engineer
$141,682

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Quanta Telecommunications
Fiber Install
$6,813,715
Cablesouth Construction Llc
Fiber Install
$6,377,187
Service Electric
Replacing Poles
$2,250,818
Xylem Tree Service
Row Clearance
$1,477,112
Mckenzie Tree Service
Row Clearance
$906,021
View All Vendors

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$103,895,783
Investment income $173,038
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 $104,510,085

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