STRATEGY STUDIO / PUBLIC DATA EXPLORER

GEORGIA TRANSMISSION CORPORATION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
GEORGIA TRANSMISSION CORPORATION (EIN 58-2231201)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-04-18
IRS object ID
202321089349301757
Schema version
2022v5.0
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

FieldValueIRS element (for citing)
Return2023-04-18T14:06:41-07:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN582231201EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GEORGIA TRANSMISSION CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGEORBusinessNameControlTxt
Phone7702707400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12100 East Exchange PlaceAddressLine1Txt
CityTuckerCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30084ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJenny ButtreyPersonNm
Person TitleAssistant ControllerPersonTitleTxt
Phone7702707214PhoneNum
Signature2023-04-18SignatureDt
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer1TrustedCustomerCd
OOB Security Verification11OOBSecurityVerificationCd
Last Submission Rqr OOB1LastSubmissionRqrOOBCd
Authentication Assurance LevelAAL2AuthenticationAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJenny ButtreyPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12100 E Exchange PlAddressLine1Txt
CityTuckerCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30084ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$380,617,270GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website Addresswww.gatransmission.comWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1996FormationYr
Legal Domicile StateGALegalDomicileStateCd
Activity Or MissionTransmission of ElectricityActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee351TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$369,573,257PYProgramServiceRevenueAmt
CY Program Service Revenue$377,638,104CYProgramServiceRevenueAmt
PY Investment Income$2,159,049PYInvestmentIncomeAmt
CY Investment Income$2,979,166CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$371,732,306PYTotalRevenueAmt
CY Total Revenue$380,617,270CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$16,146,885PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$23,304,606CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$33,434,040PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$37,283,366CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$322,151,381PYOtherExpensesAmt
CY Other Expenses$320,029,298CYOtherExpensesAmt
PY Total Expenses$371,732,306PYTotalExpensesAmt
CY Total Expenses$380,617,270CYTotalExpensesAmt
PY Revenues Less Expenses$0PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$0CYRevenuesLessExpensesAmt
Total Assets BOY$2,780,907,800TotalAssetsBOYAmt
Total Assets EOY$2,954,026,800TotalAssetsEOYAmt
Total Liabilities BOY$2,419,091,600TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,568,905,995TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$361,816,200NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$385,120,805NetAssetsOrFundBalancesEOYAmt
MissionTransmission of ElectricityMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescPrincipal Business is providing transmission services. At 12/31/22, Georgia Transmission Corporation owned approximately 3,916 miles of transmission lines and 774 substations. Georgia Transmission Corporation succeeded to all of Oglethorpe's rights and obligations with respect to the Integrated Transmission System.Desc
Total Other Prog Srvc Expense$0TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$0TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$0TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$0TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document266IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee351EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Members And Shr Gross Income$375,885,571MembersAndShrGrossIncomeAmt
Other Sources Gross Income$7,590,012OtherSourcesGrossIncomeAmt
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members13GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldGAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJenny Buttrey CPAPersonNm
Phone7702707214PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1Georgia Transmission CorporationAddressLine1Txt
Address Line22100 East Exchange PlaceAddressLine2Txt
CityTuckerCityNm
State AbbreviationGAStateAbbreviationCd
ZIP30084ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (35 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
Barbara Hampton
President, CEO40Yes (X)$607,644$0$74,475
Keith Daniel
SVP Transmission Policy40Yes (X)$452,979$0$84,696
Dustin Zubke
Sr VP and CFO40Yes (X)$448,774$0$80,854
David Van Winkle
SVP Operations & Maintenance40Yes (X)$389,051$0$82,300
John Raese
Sr VP Project Services40Yes (X)$368,544$0$68,121
Angela Sheffield
VP Gen Audit/Chief Reg Cpl Officer40Yes (X)$339,680$0$81,866
Joe Sowell
VP System Planning40Yes (X)$315,011$0$78,852
Angela Farsee
VP Human Resources40Yes (X)$307,742$0$68,767
Lynn Huffines
Controller40$292,828$0$68,166Yes (X)
Anne Hicks
General Counsel40$279,130$0$79,990Yes (X)
Kevin Luke
Director, Transmission Maintenance40$233,724$0$78,534Yes (X)
J Camron Carden
VP Transmission Projects40Yes (X)$236,570$0$72,602
Anthony Wright
Dir, Electronic Maint. & Operational Communication40$222,926$0$72,136Yes (X)
Michael Fourman
Dir, Engineering & Business Intelligence40$231,373$0$63,089Yes (X)
Chris Beavers
Dir, Internal Audit40$216,202$0$73,274Yes (X)
Steve Beaulieu
Dir, Member Relations40$220,688$0$67,956Yes (X)
Robert Casey
Mgr, Member Planning Services40$226,238$0$59,316Yes (X)
Nathan Lovett
Sr Mgr, Relay & Control Design40$224,702$0$59,820Yes (X)
Jenny Buttrey
Assistant Controller40$209,351$0$71,370Yes (X)
Jay Horsley
Dir, Safety & Technical Training40$214,141$0$61,258Yes (X)
Lynn Watkins
Dir, Finance, Rates & Treasury40$223,939$0$47,048Yes (X)
Joey Lowery
Mgr, System Reliability40$212,565$0$45,655Yes (X)
Jill Tietjen
Director4$29,130$0$0Yes (X)
Charles Fendley
Director2$18,900$0$0Yes (X)
Jack Waters
Director5$16,250$0$0Yes (X)
Steve Rawl
Director1$15,470$0$0Yes (X)
Everett Williams
Director1$14,300$0$0Yes (X)
David Dunaway
Director3$13,260$0$0Yes (X)
Otis Jones
Director1$13,130$0$0Yes (X)
Tony Tucker
Director2$13,130$0$0Yes (X)
Wendy Sellers
Director1$13,000$0$0Yes (X)
Raphael Brumbeloe
Director1$11,960$0$0Yes (X)
Robert L Lewis
Director1$11,960$0$0Yes (X)
Michael McMillian
Director2$11,960$0$0Yes (X)
Ronnie Lee
Director2$11,050$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$6,667,302TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$1,540,145TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K102IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
Georgia System Operations Corporation
2100 E Exchange PlaceTuckerGA30084Shared Services and Control$35,918,720
Aubrey Silvey Construction
371 Hamp Jones RdCarrolltonGA30117Construction Services$25,549,977
Pike Electric
PO Box 1000 Dept 517MemphisTN38148Construction Services$10,317,394
Michels Power
1775 E Shady LaneNeenahWI54956Construction Services$9,917,098
Hitachi Energy
901 Main Campus DriveRaleighNC27606Construction Services$9,852,446
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K58CntrctRcvdGreaterThan100KCnt
Federated Campaigns$0FederatedCampaignsAmt
Membership Dues$0MembershipDuesAmt
Fundraising$0FundraisingAmt
Related Organizations$0RelatedOrganizationsAmt
Government Grants$0GovernmentGrantsAmt
All Other Contributions$0AllOtherContributionsAmt
Noncash Contributions$0NoncashContributionsAmt
Total Contributions$0TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmtExclusionExclusionAmt
Network Service Revenue221000$331,035,336$331,035,336$0$0
Transmission Rental Income221000$43,334,018$43,334,018$0$0
Other Revenues221000$5,268,750$5,268,750$0$0
Refund To Members221000-$2,000,000-$2,000,000$0$0

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$377,638,104TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,979,166TotalRevenueColumnAmt
Related Or Exempt Func Income$2,979,166RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$0RealAmt
Personal$0PersonalAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$0SecuritiesAmt
Other$0OtherAmt
FieldValueIRS element (for citing)
Contri Rpt Fundraising Event$0ContriRptFundraisingEventAmt
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$380,617,270TotalRevenueColumnAmt
Related Or Exempt Func Income$380,617,270RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$23,304,606TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$5,236,956TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$22,961,040TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$7,387,392TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$1,697,978TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$406,604TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$23,002,246TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$123,083TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$5,267,515TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$891,570TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$174,841TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$76,439,065TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$79,645,281TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,766,122TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
Parity Expense$53,791,786
GSOC Ops/SS Charges$30,850,235
Property/Other Taxes$26,679,144
Control Center/Trans Reserve$18,581,732

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,410,074TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$380,617,270TotalAmt
Program Services$0ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$95,867,566BOYAmt
EOY$43,424,075EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$37,596,600BOYAmt
EOY$43,796,739EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$20,841,361BOYAmt
EOY$30,463,651EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$47,673,508BOYAmt
EOY$44,457,330EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$4,100,285,663LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,332,910,434LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,554,286,841BOYAmt
EOY$2,767,375,229EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$24,641,924BOYAmt
EOY$24,509,776EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$2,780,907,800BOYAmt
EOY$2,954,026,800EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$287,567,208BOYAmt
EOY$388,889,016EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$94,465,000BOYAmt
EOY$94,465,000EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$2,030,550,068BOYAmt
EOY$2,079,991,959EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$6,509,324BOYAmt
EOY$5,560,020EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,419,091,600BOYAmt
EOY$2,568,905,995EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$361,816,200BOYAmt
EOY$385,120,805EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$361,816,200BOYAmt
EOY$385,120,805EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,780,907,800BOYAmt
EOY$2,954,026,800EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$0ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$0NetUnrlzdGainsLossesInvstAmt
Donated Services And Use Fclts$0DonatedServicesAndUseFcltsAmt
Investment Expense$0InvestmentExpenseAmt
Prior Period Adjustments$0PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$23,304,605OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$402,597,149OtherCostOrOtherBasisAmt
Book Value$402,597,149BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$187,332,183OtherCostOrOtherBasisAmt
Depreciation$83,258,076DepreciationAmt
Book Value$104,074,107BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$0OtherCostOrOtherBasisAmt
Depreciation$0DepreciationAmt
Book Value$0BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$3,261,706,581OtherCostOrOtherBasisAmt
Depreciation$1,237,760,783DepreciationAmt
Book Value$2,023,945,798BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$0InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$248,649,750OtherCostOrOtherBasisAmt
Depreciation$11,891,575DepreciationAmt
Book Value$236,758,175BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,767,375,229TotalBookValueLandBuildingsAmt
Federal Income Tax Liability$0FederalIncomeTaxLiabilityAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
Accumulated Provision for Benefits$3,688,584
Deferred Hedge Settlement$1,871,436
FieldValueIRS element (for citing)
Total Liability$5,560,020TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$380,617,270TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$0NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts$0DonatedServicesAndUseFcltsAmt
Recoveries Prior Year Grants$0RecoveriesPriorYearGrantsAmt
Other Revenue$0OtherRevenueAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$380,617,270RevenueSubtotalAmt
Investment Expenses Not Incld$0InvestmentExpensesNotIncldAmt
Other Revenues Not Included$0OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$380,617,270TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$357,312,664TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$0DonatedServicesUseFcltsAmt
Prior Year Adjustments$0PriorYearAdjustmentsAmt
Losses Reported$0LossesReportedAmt
Other Expenses Included$0OtherExpensesIncludedAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$357,312,664ExpensesSubtotalAmt
Investment Expenses Not Incld2$0InvestmentExpensesNotIncld2Amt
Other Expenses Not Included$23,304,606OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$23,304,606ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$380,617,270TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part X, Line 2Georgia Transmission Corporation is a 501(c)(12) cooperative and is exempt from federal and state income taxes, provided revenues from its Member System and Oglethorpe are at least 85% of Georgia Transmission's total revenues. Georgia Transmission has processes presently in place to ensure the maintenance of its tax-exempt status, to identify and report unrelated income, and to identify and evaluate other matters that may be considered tax positions. Georgia Transmission has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.
Schedule D, Part XII, Line 4bAmount represents the financial reporting net income that is reflected as patronage capital "paid" for 2022 to the members. For financial reporting purposes, the amount is not yet distributed.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Idemnification Gross Up PmtsYes (X)IdemnificationGrossUpPmtsInd
Discretionary Spending AcctYes (X)DiscretionarySpendingAcctInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr PlanYes (1)SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (70 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Raphael Brumbeloe
Director$11,960$0$0$0$0$0$0$0$0$0$11,960$0$0$0
David Dunaway
Director$13,260$0$0$0$0$0$0$0$0$0$13,260$0$0$0
Charles Fendley
Director$18,900$0$0$0$0$0$0$0$0$0$18,900$0$0$0
Otis Jones
Director$13,130$0$0$0$0$0$0$0$0$0$13,130$0$0$0
Ronnie Lee
Director$11,050$0$0$0$0$0$0$0$0$0$11,050$0$0$0
Robert L Lewis
Director$11,960$0$0$0$0$0$0$0$0$0$11,960$0$0$0
Michael McMillian
Director$11,960$0$0$0$0$0$0$0$0$0$11,960$0$0$0
Steve Rawl
Director$15,470$0$0$0$0$0$0$0$0$0$15,470$0$0$0
Wendy Sellers
Director$13,000$0$0$0$0$0$0$0$0$0$13,000$0$0$0
Jill Tietjen
Director$29,130$0$0$0$0$0$0$0$0$0$29,130$0$0$0
Tony Tucker
Director$13,130$0$0$0$0$0$0$0$0$0$13,130$0$0$0
Jack Waters
Director$16,250$0$0$0$0$0$0$0$0$0$16,250$0$0$0
Everett Williams
Director$14,300$0$0$0$0$0$0$0$0$0$14,300$0$0$0
Barbara Hampton
President, CEO$538,656$0$25,700$0$43,288$0$40,500$0$5,876$0$654,020$0$0$0
Dustin Zubke
Sr VP and CFO$394,557$0$25,500$0$28,717$0$40,500$0$11,768$0$501,042$0$0$0
Keith Daniel
SVP Transmission Policy$410,189$0$500$0$42,289$0$40,500$0$15,610$0$509,088$0$0$0
David Van Winkle
SVP Operations & Maintenance$358,065$0$500$0$30,486$0$40,500$0$13,404$0$442,955$0$0$0
John Raese
Sr VP Project Services$338,530$0$500$0$29,514$0$40,500$0$7,406$0$416,450$0$0$0
Angela Sheffield
VP Gen Audit/Chief Reg Cpl Officer$305,567$0$12,155$0$21,958$0$40,500$0$8,966$0$389,146$0$0$0
Joe Sowell
VP System Planning$302,748$0$774$0$11,489$0$40,500$0$6,030$0$361,541$0$0$0
Angela Farsee
VP Human Resources$287,861$0$500$0$19,381$0$40,500$0$8,279$0$356,521$0$0$0
J Camron Carden
VP Transmission Projects$228,386$0$500$0$7,684$0$34,792$0$10,004$0$281,366$0$0$0
Lynn Huffines
Controller$286,730$0$774$0$5,324$0$40,500$0$4,777$0$338,105$0$0$0
Anne Hicks
General Counsel$274,325$0$1,000$0$3,805$0$40,500$0$7,242$0$326,872$0$0$0
Kevin Luke
Director, Transmission Maintenance$216,130$0$3,500$0$14,094$0$35,278$0$11,256$0$280,258$0$0$0
Michael Fourman
Dir, Engineering & Business Intelligence$221,887$0$774$0$8,712$0$35,332$0$5,137$0$271,842$0$0$0
Lynn Watkins
Dir, Finance, Rates & Treasury$220,258$0$774$0$2,908$0$34,029$0$2,007$0$259,976$0$0$0
Anthony Wright
Dir, Electronic Maint. & Operational Communication$210,967$0$500$0$11,459$0$30,425$0$9,756$0$263,107$0$0$0
Chris Beavers
Dir, Internal Audit$209,726$0$2,674$0$3,803$0$32,569$0$8,780$0$257,552$0$0$0
Jay Horsley
Dir, Safety & Technical Training$201,564$0$1,206$0$11,370$0$32,424$0$6,310$0$252,874$0$0$0
Robert Casey
Mgr, Member Planning Services$210,997$0$5,500$0$9,741$0$32,492$0$4,297$0$263,027$0$0$0
Nathan Lovett
Sr Mgr, Relay & Control Design$219,839$0$500$0$4,363$0$32,322$0$4,897$0$261,921$0$0$0
Steve Beaulieu
Dir, Member Relations$189,133$0$500$0$31,055$0$30,875$0$14,567$0$266,130$0$0$0
Joey Lowery
Mgr, System Reliability$207,232$0$774$0$4,559$0$32,499$0$2,187$0$247,251$0$0$0
Jenny Buttrey
Assistant Controller$206,420$0$1,000$0$1,932$0$33,121$0$6,312$0$248,785$0$0$0
Raphael Brumbeloe
Director$11,960$0$0$0$0$0$0$0$0$0$11,960$0$0$0
David Dunaway
Director$13,260$0$0$0$0$0$0$0$0$0$13,260$0$0$0
Charles Fendley
Director$18,900$0$0$0$0$0$0$0$0$0$18,900$0$0$0
Otis Jones
Director$13,130$0$0$0$0$0$0$0$0$0$13,130$0$0$0
Ronnie Lee
Director$11,050$0$0$0$0$0$0$0$0$0$11,050$0$0$0
Robert L Lewis
Director$11,960$0$0$0$0$0$0$0$0$0$11,960$0$0$0
Michael McMillian
Director$11,960$0$0$0$0$0$0$0$0$0$11,960$0$0$0
Steve Rawl
Director$15,470$0$0$0$0$0$0$0$0$0$15,470$0$0$0
Wendy Sellers
Director$13,000$0$0$0$0$0$0$0$0$0$13,000$0$0$0
Jill Tietjen
Director$29,130$0$0$0$0$0$0$0$0$0$29,130$0$0$0
Tony Tucker
Director$13,130$0$0$0$0$0$0$0$0$0$13,130$0$0$0
Jack Waters
Director$16,250$0$0$0$0$0$0$0$0$0$16,250$0$0$0
Everett Williams
Director$14,300$0$0$0$0$0$0$0$0$0$14,300$0$0$0
Barbara Hampton
President, CEO$538,656$0$25,700$0$43,288$0$40,500$0$33,975$0$682,119$0$0$0
Dustin Zubke
Sr VP and CFO$394,557$0$25,500$0$28,717$0$40,500$0$40,354$0$529,628$0$0$0
Keith Daniel
SVP Transmission Policy$410,189$0$500$0$42,289$0$40,500$0$44,196$0$537,674$0$0$0
David Van Winkle
SVP Operations & Maintenance$358,065$0$500$0$30,486$0$40,500$0$41,800$0$471,351$0$0$0
John Raese
Sr VP Project Services$338,530$0$500$0$29,514$0$40,500$0$27,621$0$436,665$0$0$0
Angela Sheffield
VP Gen Audit/Chief Reg Cpl Officer$305,567$0$12,155$0$21,958$0$40,500$0$41,366$0$421,546$0$0$0
Joe Sowell
VP System Planning$302,748$0$774$0$11,489$0$40,500$0$38,352$0$393,863$0$0$0
Angela Farsee
VP Human Resources$287,861$0$500$0$19,381$0$40,500$0$28,267$0$376,509$0$0$0
J Camron Carden
VP Transmission Projects$228,386$0$500$0$7,684$0$34,792$0$37,810$0$309,172$0$0$0
Lynn Huffines
Controller$286,730$0$774$0$5,324$0$40,500$0$27,666$0$360,994$0$0$0
Anne Hicks
General Counsel$274,325$0$1,000$0$3,805$0$40,500$0$39,490$0$359,120$0$0$0
Kevin Luke
Director, Transmission Maintenance$216,130$0$3,500$0$14,094$0$35,278$0$43,256$0$312,258$0$0$0
Michael Fourman
Dir, Engineering & Business Intelligence$221,887$0$774$0$8,712$0$35,332$0$27,757$0$294,462$0$0$0
Lynn Watkins
Dir, Finance, Rates & Treasury$220,258$0$774$0$2,908$0$34,029$0$13,020$0$270,989$0$0$0
Anthony Wright
Dir, Electronic Maint. & Operational Communication$210,967$0$500$0$11,459$0$30,425$0$41,711$0$295,062$0$0$0
Chris Beavers
Dir, Internal Audit$209,726$0$2,674$0$3,803$0$32,569$0$40,705$0$289,477$0$0$0
Jay Horsley
Dir, Safety & Technical Training$201,564$0$1,206$0$11,370$0$32,424$0$28,834$0$275,398$0$0$0
Robert Casey
Mgr, Member Planning Services$210,997$0$5,500$0$9,741$0$32,492$0$26,824$0$285,554$0$0$0
Nathan Lovett
Sr Mgr, Relay & Control Design$219,839$0$500$0$4,363$0$32,322$0$27,498$0$284,522$0$0$0
Steve Beaulieu
Dir, Member Relations$189,133$0$500$0$31,055$0$30,875$0$37,081$0$288,644$0$0$0
Joey Lowery
Mgr, System Reliability$207,232$0$774$0$4,559$0$32,499$0$13,155$0$258,219$0$0$0
Jenny Buttrey
Assistant Controller$206,420$0$1,000$0$1,932$0$33,121$0$38,249$0$280,722$0$0$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1aAll Georgia Transmission Corporation Officers and qualifying associates are eligible to receive a car allowance. The amounts range from $6,000 to $12,000. Amounts received are not grossed up for income tax purposes and the respective amount is reflected as part of gross wages, box 1, Form W-2 for each respective individual receiving an allowance. Car allowances are reviewed annually. With respect to the actual car allowance, no documentation is required to be presented to receive the allowance other than required Board approval. Mileage reimbursement is, however, required to be substantiated prior to receipt of funds. Reimbursement is obtained through submission of an authorized expense report. For tax year 2022, qualifying associates received a one-time gross up bonus payment for meeting their goals. Qualified associates must have participated in the health goal to receive the gross up payment. Associates that opted to not participate in the health goal received a non-grossed up bonus payment.
Schedule J, Part I, Line 3Georgia Transmission Corporation has a compensation committee that is a subset of the Board of Directors. Georgia Transmission Corporation's CEO's salary is market reviewed annually and submitted by Human Resources to the committee for approval. The committee would then present the salary increase recommendation to the Board of Directors for final approval.
Schedule J, Part I, Line 4Non-Qualified plan participants include: Barbara Hampton $14,600, Dustin Zubke $15,082, Keith Daniel $3,234, David Van Winkle $11,000, John Raese $4,414, Angela Sheffield $2,972 and Angela Farsee $1,685.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1Development Authority of Burke County Georgia Transmission CorporationBusinessNameLine1Txt
Business Name Line2Vogtle ProjectBusinessNameLine2Txt
FieldValueIRS element (for citing)
CUSIP121342NL9CUSIPNum
Bond Issued2015-05-01BondIssuedDt
Issue Price$94,465,000IssuePriceAmt
PurposePollution Control BondsPurposeDesc
Defeased0DefeasedInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Pool Financing0PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$0RetiredAmt
Bond Defeased$0BondDefeasedAmt
Total Proceeds$94,465,000TotalProceedsAmt
In Reserve Fund$0InReserveFundAmt
Capitalized Interest$0CapitalizedInterestAmt
Refunding Escrow$0RefundingEscrowAmt
Issuance Costs From Proceeds$0IssuanceCostsFromProceedsAmt
Credit Enhancement$0CreditEnhancementAmt
Working Capital Expenditures$0WorkingCapitalExpendituresAmt
Capital Expenditures$0CapitalExpendituresAmt
Other Spent Proceeds$0OtherSpentProceedsAmt
Unspent$0UnspentAmt
Refunding Tax Exempt BondsYes (1)RefundingTaxExemptBondsInd
Refunding Taxable Bonds0RefundingTaxableBondsInd
Final Allocation MadeYes (1)FinalAllocationMadeInd
Adequate Books And Rec MaintYes (1)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed Property0OwningBondFinancedPropertyInd
Any Lease Arrangements0AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop0MgmtContractBondFincdPropInd
Any Research Agreements0AnyResearchAgreementsInd
Bond Iss Meet Prvt Sec Pymt Test0BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop0ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond Remdtd0ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T Filed0Form8038TFiledInd
Rebate Not Due Yet0RebateNotDueYetInd
Exception To Rebate0ExceptionToRebateInd
No Rebate Due0NoRebateDueInd
Variable Rate IssueYes (1)VariableRateIssueInd
Hedge Identified In Bks And Rec0HedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GIC0GrossProceedsInvestedInGICInd
Gross Proceeds Invested0GrossProceedsInvestedInd
Written Proc To Monitor Reqs0WrittenProcToMonitorReqsInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section A, Line 6Georgia Transmission Corporation is a tax exempt 501(c)(12) entity whose membership consists of 38 EMCs in the state of Georgia and Oglethorpe Power Corporation, a Not for Profit Electric Membership Corporation.
Form 990, Part VI, Section A, Line 7aThe corporation has members who elect members of the governing body as provided for in its bylaws.
Form 990, Part VI, Section A, Line 7bCertain decisions of the governing body are subject to approval by members as provided for in its bylaws.
Form 990, Part VI, Section B, Line 11bThe preparer is a licensed CPA in the state of Georgia. Information is accumulated from the Georgia Transmission Corporation financial statements and supporting detail for the respective tax year. Form 990 is prepared and documented accordingly. For 2022, a draft of Form 990 will be reviewed by an additional CPA, external to Georgia Transmission Corporation. All comments from the review process are documented, addressed and if appropriate, any necessary changes are made to the Form 990. Once changes are made, the draft Form 990 is discussed with the reviewer to ensure all review points are cleared. A draft copy of the Form 990 is also provided to the Audit Committee. Any subsequent comments and requested changes will be reviewed and addressed accordingly. The final version of the Form 990 will be e-filed.
Form 990, Part VI, Section B, Line 12cGeorgia Transmission Corporation maintains a corporate policy that provides guidelines and standards for the employees and directors of Georgia Transmission Corporation to avoid conflicts of interest or any appearances of conflicts of interest, so that the affairs of Georgia Transmission Corporation may be carried out in a businesslike and ethical manner. At time of hiring, all employees are required to review this policy and sign an acknowledgement that they have received and understand the policy. To ensure continued compliance with this policy, Georgia Transmission Corporation's Internal Audit coordinates the mail out and receipt of questionnaires annually to all associates and board members which require these individuals to disclose any potential conflicts of interest. An audit is performed of all disclosures to determine whether an actual conflict of interest exists and what actions need to be taken. Results of the audit are reported to the Audit Committee.
Form 990, Part VI, Section B, Line 15Georgia Transmission Corporation has a compensation committee that is a subset of the Board of Directors. The CEO salary is market reviewed annually and submitted by Human Resources to the committee for approval. The committee would then present the salary increase recommendation to the Board of Directors for final approval.
Form 990, Part VI, Section C, Line 19Currently, Georgia Transmission Corporation publishes its financial statements in PDF format on its website www.gatransmission.com. The conflict of interest policy and any governing documents are available on the inter-company document retrieval system and available upon request by the public.
Form 990, Part XI, Line 9Amount represents the financial reporting net income that is reflected as patronage capital "paid" for 2022 to the members. For financial reporting purposes, the amount is not yet distributed.