2024-04-08T14:28:04-04:00 2023-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2023-01-01 580184715 CARROLL ELECTRIC MEMBERSHIP CORPORATION CARR 7708323552 155 N HWY 113 CARROLLTON GA 30117 TIMOTHY C MARTIN PRES & CEO 7708323552 2024-04-15 TIMOTHY C MARTIN XXX-XX-XXXX false JACOB R MORRIS P01653123 4787466277 2024-04-08 2023 2023-04-26 12:10:37Z TIMOTHY C MARTIN 141687883 false X WWW.CEMC.COM X 1936 GA SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT THE LOWEST PRICE CONSISTENT WITH HIGH STANDARDS OF SERVICE. 9 9 156 0 0 134807297 140383448 406899 1137158 14400 167277 135228596 141687883 0 4062026 24510761 977426 1062797 0 0 130189144 116114325 135228596 141687883 0 296778132 330953224 167327422 179698986 129450710 151254238 TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT THE LOWEST PRICE CONSISTENT WITH HIGH STANDARDS OF SERVICE. false false N/A false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 124 0 true 156 true false false false false false 136445770 1779364 false false false X 9 9 false false false false true true true true true false false true true true true true true true true true true GA X CARROLL EMC 7708323552 155 N HWY 113 CARROLLTON GA 301177501 EDDIE GORE CHAIRMAN 15.00 X X 52144 0 0 MAX GOLDIN VICE CHAIRMA 20.00 X X 71810 0 0 RONNIE JORDAN SECRETARY-TR 14.00 X X 61460 0 0 EMMETT HARROD DIRECTOR 20.00 X 51073 0 0 NAN PHILPOT DIRECTOR 12.00 X 46994 0 0 DONNIE BRANNON DIRECTOR 15.00 X 51560 0 0 DON DEFOOR DIRECTOR 18.00 X 62394 0 0 ALVIN GINN DIRECTOR 20.00 X 52744 0 0 LYNN JOYNER DIRECTOR 15.00 X 55760 0 0 TIMOTHY C MARTIN PRES & CEO 50.00 X 451639 0 105219 KEVIN J JOHNSTON COO 50.00 X 302908 0 85071 JENNIFER HARMON VP., FIN. & 50.00 X 258793 0 69015 JAY GILL SVP MEMBER S 50.00 X 251372 0 66883 KIM JENNINGS VP HUMAN RES 50.00 X 235305 0 58388 TOMMY COOK VP OPERATION 50.00 X 217494 0 55070 2223450 439646 62 false true false PROSOURCE UTILITY CONTRACTORS LLC P O BOX 197 BOWDON JUNCTION GA 30109 UTILITY SERVICE 1405111 CAPPSTONE ENERGY GROUP LLC PO BOX 2295 COVINGTON GA 30015 ENGINEERING 1092083 BEACH TIMBER CO 6352 TIMBER LN BLACKSHEAR GA 31516 UTILITY SERVICE 343586 SAYERS TECHNOLOGY PO BOX 775678 CHICAGO IL 60677 EQUIPMENT 310297 TOP GUN APPLICATION SERVICES 160 EUBANKS FARM RD INMAN SC 29349 ROW CLEARING 213612 6 ELECTRIC REVENUE 221000 136426168 136426168 POLE RENTAL 221000 2686451 2686451 OTHER CAPITAL CREDITS 221000 1270829 1270829 140383448 1137158 5379 1131779 REVENUE - BROADBAND 159184 159184 GAIN ON DISPOSITION OF PROPER 9894 9894 REVENUE - EV TRIDENT SEAFOOD 1170 1170 -2971 -2971 167277 141687883 137859759 3828124 24510761 1062797 1378195 4775459 11365023 PURCHASED POWER 75213418 DISTRIBUTION MAINTENANCE 7873891 OTHER DEDUCTIONS 6222125 ADMIN. & GENERAL EXP. 5754393 3531821 141687883 0 0 0 5031917 8256869 1058041 7935547 9082348 9366411 533791 509471 3357982 2918243 10921313 12055996 371684338 105282767 245185932 266401571 8011023 8855496 13595785 14653620 296778132 330953224 18669744 15791276 5000000 2000000 140298430 157851921 3359248 4055789 167327422 179698986 X 1781708 1824658 127669002 149429580 129450710 151254238 296778132 330953224 X 0 21803528 X false true X true false 192244 192244 371492094 105282767 266209327 266401571 DEFERRED CREDITS 1794219 CONSUMER DEPOSITS 1582485 ACCUM PROV FOR PENSION & BENEFITS 679085 4055789 145348067 3660184 3660184 141687883 141687883 117837306 660184 660184 117177122 24510761 24510761 141687883 SCHEDULE D, PAGE 4, PART XI, LINE 2D REVENUE RECOGNITION UNDER ASC - 980 3,000,000 NET PERODIC PENSION COSTS OTHER THAN SERVICE COSTS 660,184 SCHEDULE D, PAGE 4, PART XII, LINE 2D NET PERIODIC PENSION COSTS OTHER THAN SERVICE COSTS 660,184 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL ALLOCATION 24,510,761 SCHEDULE D, PAGE 4, PART XIII THE CORPORATION'S RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION (18CFR.PART 101) AS MODIFIED AND ADOPTED BY THE RURAL UTILITIES SERVICE (RUS) IN 7.CFR.1767. THOSE PRACTICES UTILIZE ALLOCATION BASES. AS A RESULT, IT WOULD REQUIRE SIGNIFICANT EFFORT TO BREAK OUT EXPENSES IN THE FUNCTIONAL CATEGORIES PROVIDED FOR ON THE STATEMENT OF FUNCTIONAL EXPENSES. MANAGEMENT HAS OPTED TO CLASSIFY ITS EXPENSES ON PART IX OF THE FORM 990 IN THE SAME MANNER IT REPORTS ITS FINANCIAL RESULTS TO LENDERS, REGULATORS AND ITS MEMBER-OWNERS. X X X X false false false TIMOTHY C MARTIN PRES & CEO 413201 8687 29751 93022 12197 556858 KEVIN J JOHNSTON COO 269576 23197 10135 74205 10866 387979 JENNIFER HARMON VP., FIN. & ACCT 231392 17297 10104 62268 6747 327808 JAY GILL SVP MEMBER SVC 216965 10992 23415 59896 6987 318255 KIM JENNINGS VP HUMAN RESOURCES 208865 16077 10363 55807 2581 293693 TOMMY COOK VP OPERATIONS 196218 9470 11806 46675 8395 272564 SCHEDULE J, PART III TOTAL DEFERRED COMPENSATION AMOUNTED TO 679,085 AND 597,903 PER AUDITED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND 2022, RESPECTIVELY. FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS AS PROVIDED IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7A THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED PRIOR TO FILING IN ACCORDANCE WITH THE GOVERNING BODY'S POLICY WHICH IS INCLUDED AS PART OF THE RETURN. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE REGURALY AND CONSITENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS BOARD POLICY WHICH IS INCLUDED AS PART OF THE RETURN. FORM 990, PAGE 6, PART VI, LINE 15A CEO COMPENSATION IS REVIEWED AND APPROVED BY THE GOVERNING BODY AS PROVIDED IN THE COOPERATIVE'S BOARD POLICY AND PROCEDURES. FORM 990, PAGE 6, PART VI, LINE 15B OTHER OFFICER COMPENSATION IS REVIEWED AND APPROVED BY THE CEO AND GOVERNING BODY AS PROVIDED IN THE COOPERATIVE'S BOARD POLICIES AND PROCEDURES. FORM 990, PAGE 6, PART VI, LINE 19 FEDERAL TAX LAW DOES NOT REQUIRE SUCH DOCUMENTS BE MADE PUBLICLY AVAIABLE. MEMBERS ARE PROVIDED ACCESS TO THIS INFORMATION UPON REQUEST. FORM 990, PART XI, LINE 9 MEMBERSHIPS 42,950 CAPITAL CREDIT GAINS 3,006,401 PATRONAGE CAPITAL ALLOCATION 24,510,761 ASC (980) DEFERRED REVENUE RECOGNIZED 3,000,000 OTHER 175,100 PATRONAGE CAPITAL RETIREMENT -7,826,484 OTHER COMPREHENSIVE INCOME -1,105,200 TOTAL 21,803,528