GIBSON ELECTRIC MEMBERSHIP CORP: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- GIBSON ELECTRIC MEMBERSHIP CORP (EIN 62-0212280)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-05-15
- IRS object ID
- 202411369349304991
- 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 | 2024-05-15T11:27:06-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 621110839 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ATA PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 624 EAST REELFOOT AVENUE | AddressLine1Txt |
| City | UNION CITY | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38261 | 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 | 620212280 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GIBSON ELECTRIC MEMBERSHIP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GIBS | BusinessNameControlTxt |
| Phone | 7318554740 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1207 S COLLEGE ST | AddressLine1Txt |
| City | TRENTON | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38382 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAN RODAMAKER | PersonNm |
| Person Title | PRES. & CEO | PersonTitleTxt |
| Phone | 7318554740 | PhoneNum |
| Signature | 2024-05-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DAN | PersonFirstNm |
| Person Last | RODAMAKER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GARY K DAVIS JR | PreparerPersonNm |
| PTIN | P00971853 | PTIN |
| Phone | 7318853661 | PhoneNum |
| Preparation | 2024-05-15 | PreparationDt |
| 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 | DAN RODAMAKER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1207 S COLLEGE ST | AddressLine1Txt |
| City | TRENTON | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38382 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $119,497,988 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.GIBSONEMC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1936 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 156 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $120,331,226 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $117,536,135 | CYProgramServiceRevenueAmt |
| PY Investment Income | $150,226 | PYInvestmentIncomeAmt |
| CY Investment Income | $374,462 | CYInvestmentIncomeAmt |
| PY Other Revenue | $948,790 | PYOtherRevenueAmt |
| CY Other Revenue | $1,587,391 | CYOtherRevenueAmt |
| PY Total Revenue | $121,430,242 | PYTotalRevenueAmt |
| CY Total Revenue | $119,497,988 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,060,061 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $7,122,372 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $109,569,574 | PYOtherExpensesAmt |
| CY Other Expenses | $106,608,349 | CYOtherExpensesAmt |
| PY Total Expenses | $116,629,635 | PYTotalExpensesAmt |
| CY Total Expenses | $113,730,721 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $4,800,607 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,767,267 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $228,662,408 | TotalAssetsBOYAmt |
| Total Assets EOY | $247,285,972 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $107,543,037 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $120,400,754 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $121,119,371 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $126,885,218 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | GIBSON EMC HAS 3,560 MILES OF ELECTRIC LINE AND 39,538 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 3,545 MILES OF FIBER LINES AND 17,694 CUSTOMERS. THE CORPORATE OFFICE IS LOCATED IN TRENTON, TENNESSEE WITH MEMBER SERVICE CENTERS IN ALAMO, TIPTONVILLE, TRENTON, MEDINA, AND TROY, TENNESSEE AND HICKMAN, KENTUCKY. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 51 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 156 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $117,536,135 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,961,853 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | false | PoliciesReferenceChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GIBSON ELECTRIC MEMBERSHIP CORP | PersonNm |
| Phone | 7318554740 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 47 | AddressLine1Txt |
| City | TRENTON | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38382 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (22 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 |
|---|---|---|---|---|---|---|---|
| STEVE SANDERS | |||||||
| CHAIRMAN | 5.00 | Yes (X) | $12,000 | $0 | $0 | ||
| KEITH HEGLAR | |||||||
| VICE CHAIRMA | 2.00 | Yes (X) | $6,600 | $0 | $0 | ||
| BOB MCCURDY | |||||||
| ASST. SEC. | 5.00 | Yes (X) | $4,600 | $0 | $4,800 | ||
| TONY BARGERY | |||||||
| TRUSTEE | 4.00 | Yes (X) | $8,100 | $0 | $0 | ||
| JIM TURNER | |||||||
| TRUSTEE | 4.00 | Yes (X) | $8,600 | $0 | $0 | ||
| WRAY PULLIAM | |||||||
| TRUSTEE | 4.00 | Yes (X) | $9,900 | $0 | $0 | ||
| JOAN MOUSER | |||||||
| TRUSTEE | 7.00 | Yes (X) | $12,900 | $0 | $0 | ||
| ERIC DUPREE | |||||||
| TRUSTEE | 3.00 | Yes (X) | $10,100 | $0 | $0 | ||
| RANA BUCHANAN | |||||||
| TRUSTEE | 7.00 | Yes (X) | $13,800 | $0 | $0 | ||
| KEITH FORRESTER | |||||||
| TRUSTEE | 2.00 | Yes (X) | $8,800 | $0 | $0 | ||
| BRUCE KIMBELL | |||||||
| TRUSTEE | 3.00 | Yes (X) | $300 | $0 | $7,800 | ||
| BRIAN MCDANIEL | |||||||
| TRUSTEE | 5.00 | Yes (X) | $10,200 | $0 | $0 | ||
| DAN RODAMAKER | |||||||
| PRES. & CEO | 50.00 | $606,783 | $0 | $131,833 | Yes (X) | ||
| BARRY SMITH | |||||||
| VP OF OPERAT | 52.00 | $224,950 | $0 | $134,421 | Yes (X) | ||
| CHARLES PHILLIPS | |||||||
| VP OF TECHNI | 49.00 | $221,051 | $0 | $122,955 | Yes (X) | ||
| RITA ALEXANDER | |||||||
| VP OF COMMUN | 52.00 | $180,695 | $0 | $78,592 | Yes (X) | ||
| RICHARD BEDEN | |||||||
| CFO | 45.00 | $164,600 | $0 | $83,255 | Yes (X) | ||
| RANDY DOTSON | |||||||
| ENGINEER | $148,900 | $0 | $65,982 | Yes (X) | |||
| BRET TAYLOR | |||||||
| FIRSTCLASSLI | $129,033 | $0 | $47,027 | Yes (X) | |||
| DANIEL GOODE | |||||||
| OPERATIONS | $120,759 | $0 | $68,512 | Yes (X) | |||
| PAYTON FEATHERSTON | |||||||
| FIRSTCLASSLI | $124,049 | $0 | $38,002 | Yes (X) | |||
| KENDALL BYASSEE | |||||||
| CREWLEADER | $121,852 | $0 | $53,712 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,148,572 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $836,891 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 45 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line2ContractorAddress/USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|
| CABLESOUTH CONSTRUCTION LLC | ||||||
| PO BOX 650 | MILAN | TN | 38358 | FIBER INSTALL | $9,052,595 | |
| SERVICE ELECTRIC | ||||||
| PO BOX 277790 | ATLANTA | GA | 30384 | REPLACING POLES | $3,777,017 | |
| CRUSE POWER LINES | ||||||
| 120 TOWER DR | MAYFIELD | KY | 42066 | REPLACING POLES | $2,408,357 | |
| XLEM TREE EXPERTS | ||||||
| 208 E PLUME ST | NORFOLK | VA | 23510 | TREE TRIMMING | $1,495,238 | SUITE 250 |
| ASPLUNDH TREE EXPERT CO | ||||||
| PO BOX 532729 | ATLANTA | GA | 30353 | TREE TRIMMING | $1,134,806 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROGRAM SERVICE REVENUE | Desc |
| Total Revenue Column | $117,536,135 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $117,536,135 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $117,536,135 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $374,462 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $374,462 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER REVENUE | Desc |
| Total Revenue Column | $1,587,391 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,587,391 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,587,391 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $119,497,988 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $119,497,988 | RelatedOrExemptFuncIncomeAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,122,372 | TotalAmt |
| Program Services | $1,528,979 | ProgramServicesAmt |
| Management And General | $5,593,393 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,473,672 | TotalAmt |
| Program Services | $2,473,672 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,181,354 | TotalAmt |
| Program Services | $11,181,354 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| PURCHASED POWER | $73,255,386 | $73,255,386 |
| MAINTENANCE | $9,501,307 | $9,501,307 |
| TRANSMISSION AND DIST | $4,866,378 | $4,866,378 |
| CUSTOMER ACCOUNTS | $4,305,778 | $4,305,778 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,024,474 | TotalAmt |
| Program Services | $2,553,453 | ProgramServicesAmt |
| Management And General | -$1,528,979 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $113,730,721 | TotalAmt |
| Program Services | $109,666,307 | ProgramServicesAmt |
| Management And General | $4,064,414 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,006,317 | BOYAmt |
| EOY | $867,759 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $166,881 | BOYAmt |
| EOY | $2,087,684 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,814,994 | BOYAmt |
| EOY | $9,373,059 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,462,661 | BOYAmt |
| EOY | $6,682,721 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,248,857 | BOYAmt |
| EOY | $3,088,030 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $331,805,382 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $110,130,326 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $200,285,678 | BOYAmt |
| EOY | $221,675,056 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,677,020 | BOYAmt |
| EOY | $3,511,663 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $228,662,408 | BOYAmt |
| EOY | $247,285,972 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,833,271 | BOYAmt |
| EOY | $22,159,579 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $71,399,825 | BOYAmt |
| EOY | $92,653,661 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,309,941 | BOYAmt |
| EOY | $5,587,514 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $107,543,037 | BOYAmt |
| EOY | $120,400,754 | 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 | $260,380 | BOYAmt |
| EOY | $258,960 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $120,858,991 | BOYAmt |
| EOY | $126,626,258 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $121,119,371 | BOYAmt |
| EOY | $126,885,218 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $228,662,408 | BOYAmt |
| EOY | $247,285,972 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $5,767,267 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$1,420 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | 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 (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,105,173 | OtherCostOrOtherBasisAmt |
| Book Value | $1,105,173 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $330,700,209 | OtherCostOrOtherBasisAmt |
| Depreciation | $110,130,326 | DepreciationAmt |
| Book Value | $220,569,883 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $221,675,056 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED CREDITS | $3,824,007 |
| CUSTOMER DEPOSITS | $1,763,507 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,587,514 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $119,497,988 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $119,497,988 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $119,497,988 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $113,730,721 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $113,730,721 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $113,730,721 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt |
|---|---|---|---|---|---|---|---|
| DAN RODAMAKER | |||||||
| PRES. & CEO | $380,767 | $97,382 | $128,634 | $90,994 | $40,839 | $738,616 | $15,112 |
| BARRY SMITH | |||||||
| VP OF OPERATIONS/SYS | $197,349 | $7,465 | $20,136 | $93,330 | $41,091 | $359,371 | |
| CHARLES PHILLIPS | |||||||
| VP OF TECHNICAL SRVC | $195,957 | $6,445 | $18,649 | $88,625 | $34,330 | $344,006 | |
| RITA ALEXANDER | |||||||
| VP OF COMMUNICATION | $159,928 | $5,313 | $15,454 | $42,662 | $35,930 | $259,287 | |
| RICHARD BEDEN | |||||||
| CFO | $153,611 | $6,194 | $4,795 | $44,109 | $39,146 | $247,855 | |
| RANDY DOTSON | |||||||
| ENGINEER | $136,356 | $5,079 | $7,465 | $40,557 | $25,425 | $214,882 | |
| BRET TAYLOR | |||||||
| FIRSTCLASSLINEWORKER | $126,909 | $1,815 | $309 | $15,261 | $31,766 | $176,060 | |
| DANIEL GOODE | |||||||
| OPERATIONS | $115,443 | $4,056 | $1,260 | $35,820 | $32,692 | $189,271 | |
| PAYTON FEATHERSTON | |||||||
| FIRSTCLASSLINEWORKER | $121,968 | $1,881 | $200 | $7,915 | $30,087 | $162,051 | |
| KENDALL BYASSEE | |||||||
| CREWLEADER | $119,954 | $1,605 | $293 | $23,186 | $30,526 | $175,564 | |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | 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. |
| FORM 990, PAGE 6, PART VI, LINE 6 | GIBSON ELECTRIC MEMBERSHIP CORPORATION IS ORGANIZED WITH MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | GIBSON ELECTRIC MEMBERSHIP CORPORATION'S TRUSTEES ARE ELECTED BY THE MEMBERS OF THE ORGANIZATION. |
| FORM 990, PAGE 6, PART VI, LINE 10B | GIBSON ELECTRIC MEMBERSHIP CORPORATION HAS DISTRICT OR BRANCH OFFICES THROUGHOUT NORTHWEST TENNESSEE AND IN HICKMAN, KENTUCKY BUT THEY OPERATE AS ONE ENTITY IN POLICY MAKING. |
| FORM 990, PAGE 6, PART VI, LINE 11B | A COPY OF THIS RETURN IS PRESENTED TO THE EXECUTIVE COMMITTEE AND MADE AVAILABLE TO THE FULL BOARD AT ITS COMPLETION. |
| FORM 990, PAGE 6, PART VI, LINE 12C | EMPLOYEES AND THE BOARD OF TRUSTEES SHALL MAKE FULL DISCLOSURE TO THE BOARD OF TRUSTEES OF ANY FACTS INDICATING A CONFLICT OF INTEREST AS IT ARISES. THEY SHALL DISQUALIFY THEMSELVES FROM VOTING ON A DECISION POSING A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST. THE PRESIDENT AND CEO SHALL PROVIDE ASSISTANCE TO THE BOARD OF TRUSTEES TO ASSURE COMPLIANCE WITH THIS POLICY. THE PRESIDENT AND CEO SHALL ALSO DEVELOP AND ENFORCE AN APPROPRIATE MANAGEMENT POLICY RELATING TO CONFLICTS OF INTEREST OF EMPLOYEES. THE GENERAL COUNSEL SHALL ADVISE INDIVIDUAL BOARD MEMBERS AND/OR THE BOARD OF TRUSTEES REGARDING COMPLIANCE WITH THIS POLICY. THE BOARD OF TRUSTEES SHALL REVIEW COMPLIANCE WITH THIS POLICY AND COUNSEL WITH ANY BOARD MEMBER AS THE SITUATION MAY REQUIRE. THE BOARD OF TRUSTEES SHALL ASSURE, TO THE EXTENT POSSIBLE, THAT THE COOPERATIVE IS NOT DAMAGED OR COMPROMISED BECAUSE OF THE EXISTENCE OF A CONFLICT OF INTEREST ON THE PART OF BOARD MEMBERS OR THE GENERAL COUNSEL. |
| FORM 990, PAGE 6, PART VI, LINE 15A | A COMPENSATION STUDY IS PERFORMED USING THE NRECA TO DETERMINE SALARIES FOR THE ORGANIZATION'S CEO, OFFICERS, AND OTHER KEY EMPLOYEES. |
| FORM 990, PAGE 6, PART VI, LINE 15B | A COMPENSATION STUDY IS PERFORMED USING THE NRECA TO DETERMINE SALARIES FOR THE ORGANIZATION'S CEO, OFFICERS, AND OTHER KEY EMPLOYEES. PAYROLL DETERMINATIONS FOR EMPLOYEES ARE ALSO DONE WITH THE HELP OF THE PERSONNEL COMMITTEE. |
| FORM 990, PAGE 6, PART VI, LINE 19 | RETURN AVAILABLE UPON REQUEST |
| FORM 990, PART VII | PART VII, SECTION A AND SCHEDULE J, PART II COLUMN C REPRESENTS THE ESTIMATED ACTURIAL CHANGE IN THE VESTED RETIREMENT BENEFITS WHICH ARE NOT CASH CONTRIBUTIONS MADE BY THE COOPERATIVE |
| FORM 990, PART XI, LINE 9 | CHANGE IN MEMBERSHIPS 0 ADJUSTMENT FOR ADOPTION OF REV. STANDARD 0 CHANGE IN MEMBERSHIPS -1,420 TOTAL -1,420 |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GIBSON CONNECT | BusinessNameLine1Txt |
| Business Name Line2 | C/O GIBSON CONNECT | BusinessNameLine2Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1207 S COLLEGE STREET | AddressLine1Txt |
| Address Line2 | 1207 S COLLEGE STREET | AddressLine2Txt |
| City | TRENTON | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38382 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 822160661 | EIN |
| Primary Activities | INTERNET | PrimaryActivitiesTxt |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Total Income | $12,185,446 | TotalIncomeAmt |
| End Of Year Assets | $18,467,594 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GIBSON ELE | BusinessNameLine1Txt |
| Business Name Line2 | GEMC | BusinessNameLine2Txt |