2022-03-21T09:30:59-05:00 2021-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2021-01-01 580465897 DIVERSE POWER INCORPORATED DIVE 7068452000 1400 SOUTH DAVIS ROAD LAGRANGE GA 30241 R WAYNE LIVINGSTON PRESIDENT/CEO 7068452000 2022-03-21 true RALPH LIVINGSTON XXX-XX-XXXX WILLIAM R ROUNTREE P01231836 4787466277 2022-03-21 2021 2022-09-23 18:48:47Z ATTN ANDREW KILGORE R WAYNE LIVINGSTON 1400 SOUTH DAVIS ROAD LAGRANGE GA 30241 97558821 false X SEE SCHEDULE O X 1936 GA TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. 10 10 144 0 0 94290934 97313349 259585 245472 -496 0 94550023 97558821 0 1152712 1602351 700386 726161 0 0 95583005 95964527 97436103 98293039 -2886080 -734218 214481913 217553000 143278533 145448008 71203380 72104992 X TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. false false TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. false false false false false false false false false true false true false true false true true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 35 0 true 144 true false false false false false 93925892 795273 false false false X 10 10 false false false false true true true true true false false true true true true true true true true false GA X DIVERSE POWER INCORPORATED 7068452000 1400 SOUTH DAVIS RD LAGRANGE GA 30241 RICHARD WILLIAMS CHAIRMAN 9.83 X X 30800 0 0 CHARLES KNIGHT VICE CHAIRMA 5.42 X X 27900 0 0 ROY TOLLERSON JR SECRETARY 11.79 X X 27900 0 0 JIMMY G BAILEY DIRECTOR 8.65 X 27100 0 0 DAVID MURPHY DIRECTOR 7.48 X 23600 0 0 LARRY WILLIAMSON DIRECTOR 7.08 X 26300 0 0 HARRELL LANDRETH DIRECTOR 5.00 X 25700 0 0 WILLIAM COUCH DIRECTOR 5.37 X 25000 0 0 LARRY KEITH DIRECTOR 5.00 X 26300 0 0 KIM CURRY DIRECTOR 5.00 X 26400 0 0 CHERYL MEADOWS DIRECTOR-RET 4.00 X 6000 0 0 R WAYNE LIVINGSTON PRESIDENT/CE 40.00 X 394869 0 58292 RANDY SHEPARD SVP-CBO 40.00 X 280944 0 66241 ANDREW KILGORE SVP-CFO 40.00 X 186036 0 54145 JAMIN BLAIR SVP-CENGO 40.00 X 192720 0 80098 CHUCK REDMOND VP-STAKING & 40.00 X 161388 0 50655 KIRK KING VP- CONSTRUC 40.00 X 154655 0 51648 1643612 361079 25 false true false LEE ELECTRICAL CONSTRUCTION PO BOX 55 ABERDEEN NC 28315 LINE CONST. 620621 DEAN'S COMMERICAL TWO-WAY PO BOX 489 CATAULA GA 31804 COMM. SUPPORT 356293 PROGRESSIVE SOLUTIONS PO BOX 825124 PHILADELPHIA PA 19182 ROW SPRAYING 230544 OSMOSE UTILITY SERVICES PO BOX 117284 ATLANTA GA 30338 POLE INSPECTION 141740 4 ELECTRIC REVENUE 221000 93925892 93925892 POLE RENTAL 221000 1785106 1785106 OTHER CAPITAL CREDITS 221000 1602351 1602351 97313349 245472 245472 97558821 97313349 245472 1602351 726161 5595757 9826524 PURCHASED POWER 62038062 DISTRIBUTION MAINTENANCE 7886104 ADMIN. & GENERAL EXP. 2799892 DISTRIBUTION OPERATIONS 2678271 5139917 98293039 0 0 0 6626135 1838850 11649018 11250604 88733 2774378 3559673 1289671 807295 278421432 97145130 174464757 181276302 100000 16361305 17407920 1227916 1312356 214481913 217553000 9560262 9178035 125643561 127954891 8074710 8315082 143278533 145448008 X 139930 142952 71063450 71962040 71203380 72104992 214481913 217553000 X -734218 1635830 X false true X true false 2691472 2691472 275729960 97145130 178584830 181276302 GTC 5170327 C COBANK 2752506 C GRESCO 2726704 C GA ROW 2129081 C CFC 1226407 C GA TRANSMISSION 943442 C CTC'S 766710 C SMARR EMC 509336 C CFC MEMBER CAPITAL SECURITIES 500000 C FEDERATED 375188 C SEDC 234751 C OTHER 73468 C 17407920 ACCUM PROV FOR PENSION & BENEFITS 5350728 CONSUMER DEPOSITS 1651998 DEFERRED COMPENSATION 1312356 8315082 97558821 97558821 97558821 96690688 96690688 1602351 1602351 98293039 SCHEDULE D, PAGE 4, PART XI, LINE 2D DEFERRED REVENUE - ASC 980 0 GEMC 220, LLC BOOK/TAX DIFFERENCE 0 SCHEDULE D, PAGE 4, PART XII, LINE 4B BENEFITS PAID TO MEMBER CAPITAL ACCOUNTS 1,602,351 X X X X X false false false R WAYNE LIVINGSTON PRESIDENT/CEO 362508 3887 28474 34800 23492 453161 RANDY SHEPARD SVP-CBO 266903 3125 10916 34553 31688 347185 ANDREW KILGORE SVP-CFO 182456 2210 1370 23302 30843 240181 JAMIN BLAIR SVP-CENGO 182909 2280 7531 49965 30133 272818 CHUCK REDMOND VP-STAKING & ROW 153063 2000 6325 20103 30552 212043 KIRK KING VP- CONSTRUCTION 148927 2000 3728 19402 32246 206303 FORM 990 WEBSITE: HTTP://WWW.DIVERSEPOWER.COM/ FORM 990, PAGE 2, PART III, LINE 4D TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. 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 WHICH ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS. THE BYLAWS 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 THE COOPERATIVE'S POLICY 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 WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE CEO AS PRESCRIBED BY THE COOPERATIVE'S WAGE AND SALARY PLAN. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18. FORM 990, PART XI, LINE 9 CHANGE IN MEMBERSHIPS 3,022 BENEFITS PAID TO MEMBER CAPITAL ACCOUNTS 1,602,351 DONATED CAPITAL 269,680 OTHER INCREASES 32,790 OTHER COMPREHENSIVE 311,100 CAPTIAL CREDITS - RETIRED -583,113 TOTAL 1,635,830 KUDZU NETWORKS INC 1400 SOUTH DAVIS RD LAGRANGE GA 30241 582251441 COMMUNICAT GA DIV POWER C CORP -997776 2050453 1.00000 true false false false true false false false false false true false false false false true false true false false KUDZU NETWORKS INC D 3000000 FMV KUDZU NETWORKS INC Q 1868511 COST KUDZU NETWORKS INC J 148879 COST SCHEDULE R STATE OF GEORGIA SENATE BILL 2 (GEORGIA LAW), WHICH AMENDED CHAPTER 3 OF TITLE 46, ALLOWS ELECTRIC MEMBERSHIP CORPORATIONS TO ENGAGE IN CERTAIN ACTIVITIES IN ORDER TO FACILITATE THE PROVISION OF BROADBAND SERVICES; TO SPECIFICALLY AUTHORIZE ELECTRIC MEMBERSHIP CORPORATIONS AND THEIR AFFILIATES TO PROVIDE BROADBAND SERVICES; TO PROVIDE FOR AND REVISE DEFINITIONS; TO AUTHORIZE CERTAIN FINANCING AND PARTNERSHIPS FOR THE PROVISION OF BROADBAND SERVICES. AS SUCH, KUDZU NETWORKS, INC. (KUDZU) IS A WHOLLY-OWNED SUBSIDIARY OF DIVERSE POWER,INC (DIVERSE). KUDZU IS A PROVIDER OF RETAIL BROADBAND SERVICES. DIVERSE AND KUDZU OPERATE THROUGH A COST ALLOCATION MANUAL APPROVED BY THE GEOGIA PUBLIC SERVICE COMMISSION. THE COST ALLOCATION MANUAL IS DESINGED TO PREVENT CROSS-SUBSIDIZATION BETWEEN THE DIVERSE'S ELECTRIC OPERATIONS AND THE RETIAL BROADBAND OPERATIONS OF KUDZU. KUDZU'S MANAGEMENT COMMITTEE IS MADE UP OF DIVERSE'S EXECUTIVE MANAGEMENT. DIVERSE BOARD MEMBERS SERVE AS GOVERNANCE FOR KUDZU. LOAN GUARANTY: DIVERSE HAS A 20M CREDIT FACILITY WITH A LENDER. 5M OF THE LOAN COMMITMENT IS ALLOCATED TO KUDZU AND GUARANTEED BY DIVERSE. THE AMOUNT OUTSTANDING ON KUDZU'S PORTION OF THE CREDIT FACILITY WAS 3M AS OF DECEMBER 31, 2021. KUDZU ALSO HAS A 500,000 LINE-OF-CREDIT WITH THE LENDER, WHICH IS ALSO GUARANTEED BY DIVERSE. THE LINE-OF-CREDIT DID NOT HAVE AN OUTSTANDING BALANCE AT DECEMBER 31, 2021.