GREYSTONE POWER CORPORATION AN ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- GREYSTONE POWER CORPORATION AN ELECTRIC MEMBERSHIP CORPORATION (EIN 58-0224655)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-06
- IRS object ID
- 202333109349300323
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-06T08:49:51-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 581094351 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | POST OFFICE BOX ONE | AddressLine1Txt |
| City | MACON | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 312020001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 580224655 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREYSTONE POWER CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GREY | BusinessNameControlTxt |
| Phone | 7709426576 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 897 | AddressLine1Txt |
| City | DOUGLASVILLE | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30133 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GARY A MILLER | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 7709426576 | PhoneNum |
| Signature | 2023-10-23 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | GARY | PersonFirstNm |
| Person Last | MILLER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WILLIAM R ROUNTREE | PreparerPersonNm |
| PTIN | P01231836 | PTIN |
| Phone | 4787466277 | PhoneNum |
| Preparation | 2023-11-06 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | GARY A MILLER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 897 | AddressLine1Txt |
| City | DOUGLASVILLE | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30133 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $337,482,416 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.GREYSTONEPOWER.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1936 | FormationYr |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Activity Or Mission | MAKING LIFE BETTER IN THE COMMUNITIES WE SERVE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 306 | TotalEmployeeCnt |
| Total Gross UBI | $1,724,089 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $309,024,120 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $334,126,005 | CYProgramServiceRevenueAmt |
| PY Investment Income | $8,632,798 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,448,416 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,408,829 | PYOtherRevenueAmt |
| CY Other Revenue | $1,907,995 | CYOtherRevenueAmt |
| PY Total Revenue | $319,065,747 | PYTotalRevenueAmt |
| CY Total Revenue | $337,482,416 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $28,276,058 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $15,602,400 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,558,610 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,371,331 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $289,231,079 | PYOtherExpensesAmt |
| CY Other Expenses | $320,508,685 | CYOtherExpensesAmt |
| PY Total Expenses | $319,065,747 | PYTotalExpensesAmt |
| CY Total Expenses | $337,482,416 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $623,308,885 | TotalAssetsBOYAmt |
| Total Assets EOY | $657,153,120 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $327,712,262 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $357,310,041 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $295,596,623 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $299,843,079 | NetAssetsOrFundBalancesEOYAmt |
| Mission | MAKING LIFE BETTER IN THE COMMUNITIES WE SERVE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | N/A | 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 | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | 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 | 154 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 306 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| 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 | $328,202,009 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $6,573,034 | 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 | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | 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 | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| 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 |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KARA PEARSON | PersonNm |
| Phone | 7709426576 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 897 | AddressLine1Txt |
| City | DOUGLASVILLE | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30134 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JIM JOHNS | |||||||
| CHAIRMAN | 5.63 | Yes (X) | Yes (X) | $29,231 | $0 | $0 | |
| GENEVIEVE B COLE | |||||||
| VICE CHAIRMA | 4.54 | Yes (X) | Yes (X) | $26,777 | $0 | $0 | |
| DAVID HAGENOW | |||||||
| SECRETARY/TR | 5.40 | Yes (X) | Yes (X) | $29,182 | $0 | $0 | |
| MILTON JONES | |||||||
| DIRECTOR | 4.19 | Yes (X) | $27,660 | $0 | $0 | ||
| MARIBETH WANSLEY | |||||||
| DIRECTOR | 3.71 | Yes (X) | $25,383 | $0 | $0 | ||
| JOHN A WALTON | |||||||
| DIRECTOR | 2.79 | Yes (X) | $23,783 | $0 | $0 | ||
| BILLY MAYHEW | |||||||
| DIRECTOR | 4.25 | Yes (X) | $24,094 | $0 | $0 | ||
| NEAL DETTMERING | |||||||
| DIRECTOR | 4.73 | Yes (X) | $25,776 | $0 | $0 | ||
| CHARISSE BRAXTON | |||||||
| DIRECTOR | 4.50 | Yes (X) | $6,910 | $0 | $0 | ||
| LUCY ANDRES | |||||||
| DIRECTOR | 2.81 | Yes (X) | $7,021 | $0 | $0 | ||
| GARY A MILLER | |||||||
| PRESIDENT & | 50.00 | Yes (X) | $912,268 | $0 | $233,246 | ||
| MICHAEL MOORE | |||||||
| VP-POWER SUP | 50.00 | $314,700 | $0 | $57,966 | Yes (X) | ||
| KARA T PEARSON | |||||||
| VP-FINANCIAL | 50.00 | $295,501 | $0 | $56,891 | Yes (X) | ||
| TIMOTHY WILLIAMS | |||||||
| VP CORP & EX | 50.00 | $282,686 | $0 | $90,780 | Yes (X) | ||
| DAVID JOHNSON | |||||||
| VP-O&E | 50.00 | $288,059 | $0 | $54,959 | Yes (X) | ||
| JAMES WRIGHT | |||||||
| VP-CORPORATE | 50.00 | $285,244 | $0 | $50,595 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,604,275 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $544,437 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 89 | 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 | Address Line2ContractorAddress/USAddress/AddressLine2Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| LINETEC SERVICES LLC | ||||||
| 19820 NORTH 7TH AVENUE | SUITE 120 | PHOENIX | AZ | 85027 | CONTRACT LABOR | $2,313,387 |
| UTILIQUEST LLC | ||||||
| PO BOX 932367 | ATLANTA | GA | 311932367 | URD LOCATE SVCS | $693,602 | |
| CAPPSTONE ENERGY GROUP LLC | ||||||
| PO BOX 2295 | COVINGTON | GA | 30015 | PWR LINE CONSUL | $579,547 | |
| SOUTHERN STATES UTILITY | ||||||
| 710 WATER OAK LANE | 710 WATER PARK LANE | TALADEGA | AL | 35160 | CONTRACT LABOR | $506,379 |
| PARKER FIBERNET LLC | ||||||
| PO BOX 688 | SUMMERVILLE | GA | 30747 | COMPUTER SVCS | $364,308 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 9 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| ELECTRIC REVENUE | 221000 | $325,559,293 | $325,559,293 | |
| PATRONAGE CAPITAL CREDITS | 221000 | $3,117,064 | $3,117,064 | |
| POLE RENTAL | 221000 | $2,815,623 | $2,815,623 | |
| OTHER ELECTRIC REVENUE | 221000 | $2,634,025 | $2,634,025 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $334,126,005 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,448,416 | TotalRevenueColumnAmt |
| Exclusion | $1,448,416 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $477,489 | TotalRevenueColumnAmt |
| Exclusion | $477,489 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| COOP CHOICE EARNINGS | 900099 | $1,597,289 | $1,597,289 | |
| NON OP REV GAS SOUTH | 900099 | $126,800 | $126,800 | |
| NON OP REV SURGE MONTHLY FEES | $78,319 | $78,319 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$371,902 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$371,902 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,430,506 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $337,482,416 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $331,016,799 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,724,089 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,741,528 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,602,400 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,371,331 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,669,569 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,559,980 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $241,085,370 |
| DISTRIBUTION OPERATIONS/M | $28,531,368 |
| ADMIN. & GENERAL EXP. | $9,431,052 |
| CONSUMER ACCOUNTS | $7,113,203 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,118,143 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $337,482,416 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part X | Yes (X) | InfoInScheduleOPartXInd |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,733,747 | BOYAmt |
| EOY | $8,305,432 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,500,000 | BOYAmt |
| EOY | $10,300,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,610,868 | BOYAmt |
| EOY | $61,315,201 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,972,352 | BOYAmt |
| EOY | $7,719,284 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,324,030 | BOYAmt |
| EOY | $337,279 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $667,441,746 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $151,956,175 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $499,340,556 | BOYAmt |
| EOY | $515,485,571 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,845,363 | BOYAmt |
| EOY | $35,077,145 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,981,969 | BOYAmt |
| EOY | $18,613,208 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $623,308,885 | BOYAmt |
| EOY | $657,153,120 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,940,868 | BOYAmt |
| EOY | $35,113,921 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $275,181,502 | BOYAmt |
| EOY | $297,106,970 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,589,892 | BOYAmt |
| EOY | $25,089,150 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $327,712,262 | BOYAmt |
| EOY | $357,310,041 | 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 | $1,243,040 | BOYAmt |
| EOY | $1,262,085 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $294,353,583 | BOYAmt |
| EOY | $298,580,994 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $295,596,623 | BOYAmt |
| EOY | $299,843,079 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $623,308,885 | BOYAmt |
| EOY | $657,153,120 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $4,246,456 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| 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) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| 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 | $6,272,351 | OtherCostOrOtherBasisAmt |
| Book Value | $6,272,351 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $661,169,395 | OtherCostOrOtherBasisAmt |
| Depreciation | $151,956,175 | DepreciationAmt |
| Book Value | $509,213,220 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $515,485,571 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (8 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PAT CAP COOPS - GTC | $23,196,375 | C |
| OTHER PAT CAP | $4,466,910 | C |
| PAT CAP COOPS - GRESCO | $2,401,476 | C |
| PAT CAP-CFC | $2,034,202 | C |
| PAT CAP-SEWELL CREEK | $1,241,310 | C |
| PAT CAP-SMARR | $1,077,352 | C |
| PAT CAP-SEDC | $643,689 | C |
| PAT CAP-GSOC | $15,831 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $35,077,145 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| CONSUMER DEPOSITS | $21,195,101 |
| DEFERRED CREDITS | $3,369,400 |
| DEFERRED COMP LIABILITY | $524,649 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $25,089,150 | TotalLiabilityAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 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 |
|---|---|---|---|---|---|---|
| GARY A MILLER | ||||||
| PRESIDENT & CEO | $695,589 | $128,320 | $88,359 | $222,516 | $10,730 | $1,145,514 |
| MICHAEL MOORE | ||||||
| VP-POWER SUPPLY | $291,625 | $737 | $22,338 | $49,936 | $8,030 | $372,666 |
| KARA T PEARSON | ||||||
| VP-FINANCIAL SERVICE | $279,952 | $813 | $14,736 | $46,407 | $10,484 | $352,392 |
| TIMOTHY WILLIAMS | ||||||
| VP CORP & EXT AFFAIR | $254,014 | $737 | $27,935 | $80,051 | $10,729 | $373,466 |
| DAVID JOHNSON | ||||||
| VP-O&E | $265,796 | $737 | $21,526 | $44,475 | $10,484 | $343,018 |
| JAMES WRIGHT | ||||||
| VP-CORPORATE SERVICE | $270,084 | $737 | $14,423 | $40,435 | $10,160 | $335,839 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE J, PAGE 1, PART I, LINE 4 | GARY A. MILLER 0 127,583 0 |
| SCHEDULE J, PART III | SCHEDULE J, PART II, COLUMN B (III) - THE AMOUNTS REPORTED IN THIS COLUMN INCLUDE AMOUNTS PAID OUT UNDER A NON-QUALIFIED DEFERRED COMPENSATION PLAN (NQDC PLAN). THE PURPOSE OF THE PLAN IS TO MAKE WHOLE CERTAIN MEMBERS OF MANAGEMENT WHOSE ACCRUED BENEFIT UNDER THE NRECA R&S PENSION PLAN WAS LIMITED BY THE INTERNAL REVENUE CODE. DISTRIBUTIONS FROM THE NQDC PLAN ARE PROCESSED THROUGH THE COMPANY'S PAYROLL SYSTEM AND INCLUDED IN EACH PARTICIPANT'S REPORTABLE COMPENSATION. A CREDIT IS RECEIVED FROM NRECA FOR AMOUNTS THE COMPANY PAID THE PARTICIPANTS. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR 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 BY THE BOARD AS PROVIDED FOR IN BOARD POLICY NO. 207, WHICH IS INCLUDED AS A PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE RELATED TO POTENTIAL CONFLICTS OF INTEREST AS PROVIDED FOR IN THE FOLLOWING POLICIES WHICH IS INCLUDED AS A PART OF THIS RETURN: POLICY NO. 111 - DIRECTOR CONFLICT OF INTEREST POLICY NO. 444 - CONFLICT OF INTEREST - OFFICERS AND KEY EMPLOYEES POLICY NO. 113 - STANDARDS OF CONDUCT - DIRECTORS POLICY NO. 118 - NEPOTISM - DIRECTORS THE COOPERATIVE ALSO HAS A "DIRECTORS CODE OF CONDUCT" WHICH IS ALSO INCLUDED AS PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 15A | CEO COMPENSATION IS REVIEWED AND APPROVED AS PROVIDED FOR IN BOARD POLICY NO. 125, WHICH IS INCLUDED AS A PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 15B | KEY EMPLOYEE COMPENSATION IS REVIEWED AND APPROVED AS PROVIDED FOR IN BOARD POLICY NO. 126, WHICH IS INCLUDED AS A PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE COOPERATIVE'S POLICY NO. 109 - MEMBER ACCESS TO COOPERATIVE INFORMATION, WHICH IS INCLUDED AS PART OF THIS RETURN, DETAILS HOW MEMBERS MAY OBTAIN COOPERTIVE INFORMATION. |
| FORM 990, PART XI, LINE 9 | CHANGE IN MEMBERSHIP FEES 19,045 CAPITAL CREDITS ASSIGNED TO MEMBERS 15,602,399 CHANGE IN RETIRED CAPITAL CREDIT GAINS 1,246,164 PATRONAGE CAPITAL RETIRED -12,528,368 CHANGE IN DONATED CAPITAL -92,784 TOTAL 4,246,456 |
| FORM 990, PART XII | THE CORPORATION'S FISCAL YEAR END IS AUGUST 31ST. THE CORPORATION UNDERGOES AN INDEPENDENT AUDIT OF ITS FINCIAL STATEMENTS ANNUALLY AS OF THAT DATE. THE CORPORATION RECEIVED AN UNMODIFIED OPINION FOR THE YEARS ENDED AUGUST 31, 2023 AND 2022. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREYSTONE CONNECT LLC | BusinessNameLine1Txt |
| Business Name Line2 | GREYSTONE CONNECT LLC | BusinessNameLine2Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 897 | AddressLine1Txt |
| Address Line2 | PO BOX 897 | AddressLine2Txt |
| City | DOUGLASVILLE | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30134 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | BROADBAND | PrimaryActivitiesTxt |
| Legal Domicile State | GA | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GPC | BusinessNameLine1Txt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R | FormAndLineReferenceDesc |
| Explanation | GREYSTONE CONNECT, LLC FILED ARTICLES OF INCORPORATION WITH THE GEORGIA SECRETARY OF STATE ON DECEMBER 2, 2022. THE ORGANIZATION WILL PROVIDE BROADBAND SERVICES. THE COMPANY HAD NO ACTIVITY DURING CALENDAR YEAR 2022. | ExplanationTxt |