THREE NOTCH ELECTRIC MEMBERSHIP CORP: Form 990, tax year 2023
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- Organization
- THREE NOTCH ELECTRIC MEMBERSHIP CORP (EIN 58-0462070)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-03-19
- IRS object ID
- 202410799349301331
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-03-19T15:38:47-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 582475857 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NICHOLS CAULEY & ASSOCIATES LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 CORDER ROAD | AddressLine1Txt |
| City | WARNER ROBINS | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 310887166 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 580462070 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THREE NOTCH ELECTRIC MEMBERSHIP | BusinessNameLine1Txt |
| Business Name Line2 | CORPORATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | THRE | BusinessNameControlTxt |
| Phone | 8002395377 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 367 | AddressLine1Txt |
| City | Donalsonville | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 31745 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JANET T GRIMSLEY | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 8002395377 | PhoneNum |
| Signature | 2024-03-19 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JANET | PersonFirstNm |
| Person Last | GRIMSLEY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CAL BRANTLEY CPA | PreparerPersonNm |
| PTIN | P00636393 | PTIN |
| Phone | 4789293888 | PhoneNum |
| Preparation | 2024-03-19 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JANET T GRIMSLEY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 367 | AddressLine1Txt |
| City | Donalsonville | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 31745 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $43,402,125 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | threenotchemc.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE MEMBERS PROMPT & EFFICIENT SERVICE & ELECTRICITY AT THE LOWEST POSSIBLE COST. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 56 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $36,479,541 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $41,839,313 | CYProgramServiceRevenueAmt |
| PY Investment Income | $35,574 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,562,812 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $36,515,115 | PYTotalRevenueAmt |
| CY Total Revenue | $43,402,125 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $3,555,547 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $8,897,025 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $620,885 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $377,276 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $32,062,091 | PYOtherExpensesAmt |
| CY Other Expenses | $33,390,696 | CYOtherExpensesAmt |
| PY Total Expenses | $36,238,523 | PYTotalExpensesAmt |
| CY Total Expenses | $42,664,997 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $276,592 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $737,128 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $103,583,258 | TotalAssetsBOYAmt |
| Total Assets EOY | $110,389,084 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $52,988,624 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $51,293,839 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $50,594,634 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $59,095,245 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE OUR MEMBERS WITH PROMPT & EFFICIENT SERVICE AND ELECTRICITY AT THE LOWEST POSSIBLE COST. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $42,664,997 | ExpenseAmt |
| Desc | SALE OF ELECTRICITY TO APPROXIMATELY 8,275 COOPERATIVE MEMBERS LOCATED IN SOUTHWEST GEORGIA. | Desc |
| Total Program Service Expenses | $42,664,997 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 33 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 56 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Members And Shr Gross Income | $39,230,718 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $3,982,535 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JANET T GRIMSLEY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2295242450 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 116 W 2ND STREET | AddressLine1Txt |
| City | DONALSONVILLE | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 39845 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| EARL PHILIP BUCKHALTER | |||||||
| DIRECTOR | 5.00 | Yes (X) | $12,121 | $0 | $0 | ||
| STACY T COOPER | |||||||
| DIRECTOR | 5.00 | Yes (X) | $30,095 | $0 | $0 | ||
| SAM HATTAWAY | |||||||
| DIRECTOR | 5.00 | Yes (X) | $30,870 | $0 | $0 | ||
| JAMES VANN HORNSBY | |||||||
| ASSISTANT SEC/TREAS | 5.00 | Yes (X) | $24,253 | $0 | $0 | Yes (X) | |
| KIMBLEY RENTZ | |||||||
| VICE CHAIRMAN | 5.00 | Yes (X) | $6,766 | $0 | $4,000 | Yes (X) | |
| STEPHEN J HOLT | |||||||
| CHAIRMAN | 5.00 | Yes (X) | $15,056 | $0 | $0 | Yes (X) | |
| KENNETH MASSEY | |||||||
| SECRETARY-TREASURER | 5.00 | Yes (X) | $13,306 | $0 | $0 | Yes (X) | |
| TONY BRUNER | |||||||
| DIRECTOR | 5.00 | Yes (X) | $1,175 | $0 | $0 | ||
| BARBARA MEANS | |||||||
| DIRECTOR | 5.00 | Yes (X) | $5,675 | $0 | $0 | ||
| ALEX JERNIGAN | |||||||
| DIRECTOR | 5.00 | Yes (X) | $6,175 | $0 | $0 | ||
| JANET GRIMSLEY | |||||||
| CEO | 40.00 | $164,275 | $0 | $63,509 | Yes (X) | ||
| ROBERT R WILBOURN | |||||||
| SERVICEMAN | 40.00 | $121,834 | $0 | $40,038 | Yes (X) | ||
| WILLIAM T RICHARDSON | |||||||
| OPERATIONS MANAGER | 40.00 | $115,214 | $0 | $51,531 | Yes (X) | ||
| MICHAEL BEARD | |||||||
| FOREMAN | 40.00 | $122,278 | $0 | $37,677 | Yes (X) | ||
| RAYMOND J SHERRER | |||||||
| STAKING TECHNICIAN | 40.00 | $108,381 | $0 | $48,618 | Yes (X) | ||
| JOSHUA K COOK | |||||||
| FOREMAN | 40.00 | $111,855 | $0 | $47,369 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $889,329 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $292,742 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| W A KENDALL & CO INC | |||||
| PO BOX 831 | LAWRENCEVILLE | GA | 30046 | RIGHT OF WAY CLEARING | $1,165,505 |
| SUMTER UTILITIES INC | |||||
| PO BOX 846391 | DALLAS | TX | 75284 | RIGHT OF WAY CLEARING | $973,276 |
| W E HICKS DBA TREES UNLIMITED | |||||
| PO BOX 10 | CAVE SPRING | GA | 30124 | RIGHT OF WAY CLEARING | $576,097 |
| CASKIN DEVELOPMENT LLC | |||||
| 333 ENTERPRISE ROAD | COLQUITT | GA | 39837 | RIGHT OF WAY CLEARING | $426,750 |
| THE DAVEY TREE EXPERT CO | |||||
| PO BOX 94532 | CLEVELAND | OH | 44101 | RIGHT OF WAY CLEARING | $100,704 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Electricity Sales | 221000 | $39,257,583 | $39,257,583 |
| SER, LLC INCOME | 221000 | $1,444,250 | $1,444,250 |
| Capital Credits | 221000 | $948,608 | $948,608 |
| Pole Rental | 221000 | $188,872 | $188,872 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $41,839,313 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,562,812 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,500,000 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $62,812 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $43,402,125 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $43,339,313 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $62,812 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,897,025 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $377,276 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,007,495 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,891,117 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $17,798,687 |
| DISTRIBUTION MAINTENANC | $5,266,510 |
| DISTRIBUTION OPERATIONS | $2,746,858 |
| GENERAL & ADMINISTRATIO | $1,623,881 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,056,148 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,664,997 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,765,976 | BOYAmt |
| EOY | $11,608,741 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,739,300 | BOYAmt |
| EOY | $3,236,086 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $412,250 | BOYAmt |
| EOY | $282,300 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,192,141 | BOYAmt |
| EOY | $925,833 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,560 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $102,199,272 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $35,133,165 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,140,971 | BOYAmt |
| EOY | $67,066,107 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,775,527 | BOYAmt |
| EOY | $26,617,317 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $555,533 | BOYAmt |
| EOY | $652,700 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,583,258 | BOYAmt |
| EOY | $110,389,084 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,030,049 | BOYAmt |
| EOY | $3,015,031 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $47,798,219 | BOYAmt |
| EOY | $45,580,418 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,160,356 | BOYAmt |
| EOY | $2,698,390 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,988,624 | BOYAmt |
| EOY | $51,293,839 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,395 | BOYAmt |
| EOY | $41,375 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $374,548 | BOYAmt |
| EOY | $374,806 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,178,691 | BOYAmt |
| EOY | $58,679,064 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,594,634 | BOYAmt |
| EOY | $59,095,245 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,583,258 | BOYAmt |
| EOY | $110,389,084 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $737,128 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $7,763,483 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $227,741 | OtherCostOrOtherBasisAmt |
| Book Value | $227,741 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $101,971,531 | OtherCostOrOtherBasisAmt |
| Depreciation | $35,133,165 | DepreciationAmt |
| Book Value | $66,838,366 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $67,066,107 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (12 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| UNITED UTILITY | $1,732 | C |
| OGLETHORPE POWER CORPORATION | $9,213,617 | C |
| GEORGIA TRANSMISSION CORPORATION | $2,734,679 | C |
| COBANK | $24,450 | C |
| GRESCO UTILITY SUPPLY, INC. | $1,751,590 | C |
| GEORGIA SYSTEMS OPERATIONS CORPORATION | $1,634 | C |
| SOWEGA ENERGY RESOURCES, LLC | $166,831 | C |
| THREE NOTCH HOLDING CORPORATION | $4,077,724 | C |
| NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION | $1,397,008 | C |
| GEORGIA ENERGY COOPERATIVE | $7,100,216 | C |
| MERIDIAN COOPERATIVE, INC. | $141,568 | C |
| COOPERATIVE RESPONSE CENTER, INC. | $6,268 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $26,617,317 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED CREDITS | $11,360 |
| CUSTOMER DEPOSITS | $846,303 |
| ACCRUED POSTRETIREMENT BENEFITS | $981,959 |
| OPERATING LEASE OBLIGATIONS | $227,986 |
| FINANCE LEASE OBLIGATIONS | $130,782 |
| DUE TO THREE NOTCH HOLDING CORPORATION | $500,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,698,390 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X, Line 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION'S CONSOLIDATED, INDEPENDENT AUDITED FINANCIAL STATEMENTS FOR THE TAX YEAR INCLUDED THE FOLLOWING NOTE DISCLOSURE: "THE CORPORATION OPERATES UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(12), AS A TAX-EXEMPT COOPERATIVE. IRC SECTION 501(C)(12) PROVIDES, IN PART, THAT THE CORPORATION DERVIVE AT LEAST 85% OF ITS GROSS ANNUAL REVENUE FROM ITS MEMBERS TO RETAIN THE EXEMPTION. THE CORPORATION HAS MET AND EXPECTS TO MEET THESE REQUIREMENTS FOR APPLICABLE TAX YEARS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE SUBSIDIARY IS A TAXABLE CORPORATION WITH NO DEFERRED TAX ASSETS OR LIABILITIES AS OF DECEMBER 31, 2023 AND 2022. THE CORPORATION AND SUBSIDIARY BELIEVE APPROPRIATE SUPPORT EXITS FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2023 AND 2022." | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JANET GRIMSLEY | ||||||||||||||
| CEO | $155,750 | $0 | $8,525 | $0 | $0 | $0 | $37,443 | $0 | $26,066 | $0 | $227,784 | $0 | $0 | $0 |
| WILLIAM T RICHARDSON | ||||||||||||||
| OPERATIONS MANAGER | $110,273 | $0 | $4,941 | $0 | $0 | $0 | $26,077 | $0 | $25,454 | $0 | $166,745 | $0 | $0 | $0 |
| ROBERT R WILBOURN | ||||||||||||||
| SERVICEMAN | $117,724 | $0 | $4,110 | $0 | $0 | $0 | $23,184 | $0 | $16,854 | $0 | $161,872 | $0 | $0 | $0 |
| MICHAEL BEARD | ||||||||||||||
| FOREMAN | $118,168 | $0 | $4,110 | $0 | $0 | $0 | $20,946 | $0 | $16,731 | $0 | $159,955 | $0 | $0 | $0 |
| JOSHUA K COOK | ||||||||||||||
| FOREMAN | $107,529 | $0 | $4,326 | $0 | $0 | $0 | $22,048 | $0 | $25,321 | $0 | $159,224 | $0 | $0 | $0 |
| RAYMOND J SHERRER | ||||||||||||||
| STAKING TECHNICIAN | $104,122 | $0 | $4,259 | $0 | $0 | $0 | $23,183 | $0 | $25,435 | $0 | $156,999 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 6 | INDIVIDUALS AND ENTITIES REQUESTING SERVICE ARE REQUIRED TO PAY A ONE-TIME MEMBERSHIP FEE. |
| Form 990, Part VI, Section A, line 7a | THE CORPORATION HAS NINE MEMBERS OF ITS BOARD OF DIRECTORS. A BOARD ELECTION IS HELD ANNUALLY IN CONJUNCTION WITH THE CORPORATION'S ANNUAL MEMBER MEETING. THE MEMBERS ARE THE ONLY ONES ALLOWED TO VOTE IN THE ANNUAL ELECTION OF BOARD MEMBERS. |
| Form 990, Part VI, Section A, line 7b | CERTAIN DECISIONS, SUCH AS BY-LAWS CHANGES, MUST BE APPROVED BY THE MEMBERS. |
| Form 990, Part VI, Section B, line 11b | FORM 990 WAS REVIEWED WITH THE BOARD OF DIRECTORS AND CERTAIN MEMBERS OF MANAGEMENT BY THE CERTIFIED PUBLIC ACCOUNTING FIRM THAT PREPARED THE FORM 990. |
| Form 990, Part VI, Section B, line 12c | AN ANNUAL DISCLOSURE OF ANY CONFLICTS OF INTEREST IS REQUIRED BY ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES, AND THE BOARD OF DIRECTORS REVIEWS THE DISCLOSURES. |
| Form 990, Part VI, Section B, line 15a | THE GENERAL MANAGER'S ANNUAL COMPENSATION IS BASED ON VARIOUS CRITERIA THAT ARE REVIEWED BY THE BOARD OF DIRECTORS IN APPROVING SUCH COMPENSATION. ANNUAL COMPENSATION FOR CERTAIN OTHER EMPLOYEES IS INITIALLY SET BY THE GENERAL MANAGER AND IS THEN SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS. |
| Form 990, Part VI, Section C, line 19 | SUCH INFORMATION IS AVAILABLE TO THE PUBLIC UPON RECEIPT OF A REASONABLE REQUEST. |
| Form 990, Part IX, line 24e | CONSUMER ACCOUNTS 1,056,148. |
| Form 990, Part XI, line 9: | BENEFITS PAID TO MEMBERS 8,897,025. DECREASE IN MEMBERSHIPS -20. RETIREMENT OF MEMBERS' PATRONAGE CAPITAL -385,384. DONATED CAPITAL 258. OTHER COMPREHENSIVE LOSS -11,268. TAX INCOME IN EXCESS OF BOOK INCOME FOR SOWEGA ENERGY RESOURCES, LLC -706,827. TAX INCOME IN EXCESS OF BOOK INCOME FOR THREE NOTCH HOLDING CORPORATION -30,301. |
| FORM 990, PART XII, LINE 2C: | THE BOARD OF DIRECTORS AND ITS DESIGNEES ASSUME RESPONSIBILITY FOR OVERSIGHT OF ITS FINANCIAL AUDITS AND THE SELECTION OF ITS INDEPENDENT AUDITORS. THE ANNUAL AUDIT IS PERFORMED ON A CALENDAR YEAR BASIS. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOWEGA ENERGY RESOURCES LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2237 HATCHER HILL ROAD | AddressLine1Txt |
| City | BACONTON | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 31716 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 582538051 | EIN |
| Primary Activities | ELECTRIC POWER GENERATION | PrimaryActivitiesTxt |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Predominant Income Type | RELATED | PredominantIncomeTypeTxt |
| Share Of Total Income | $1,444,251 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $166,831 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | 0 | GeneralOrManagingPartnerInd |
| Ownership | 0.07500 | OwnershipPct |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THREE NOTCH HOLDING CORPORATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 367 | AddressLine1Txt |
| City | DONALSONVILLE | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 39845 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 061683848 | EIN |
| Primary Activities | ELECTRIC POWER GENERATION | PrimaryActivitiesTxt |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $1,469,699 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $4,077,724 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | 0 | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |