2022-10-31T15:58:55-05:00 2021-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 400 CORDER ROAD WARNER ROBINS GA 310887166 990 2021-01-01 580417350 THE SATILLA RURAL ELECTRIC MEMBERSHIP CORPORATION SATI 9126327222 PO Box 906 Alma GA 315101006 ROMEO REYES PRESIDENT/CEO 9126327222 2022-10-21 1 ROMEO REYES XXX-XX-XXXX CAL BRANTLEY CPA P00636393 4789293888 2022-10-21 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z ROMEO REYES 928 HIGHWAY 32 EAST ALMA GA 31510 122201471 0 X www.satillaemc.com X 1937 GA TO BE RECOGNIZED AS A COMPANY HAVING THE POWER TO MEET THE CHANGING NEEDS AND DEMANDS OF OUR CUSTOMERS BY PROVIDING SUPERIOR ENERGY AND NON-ENERGY RELATED PRODUCTS AND SERVICES. 8 8 176 0 0 0 0 0 112555347 120276919 748249 227131 1827443 1686914 115131039 122190964 0 0 5228771 5972515 1476623 1994099 0 0 0 108425645 114224350 115131039 122190964 0 0 249634510 268716625 130904286 148350893 118730224 120365732 TO BE RECOGNIZED AS A COMPANY HAVING THE POWER TO MEET THE CHANGING NEEDS AND DEMANDS OF OUR CUSTOMERS BY PROVIDING SUPERIOR ENERGY AND NON-ENERGY RELATED PRODUCTS AND SERVICES. 0 0 122190964 TO FURNISH OUR MEMBERS WITH DEPENDABLE ELECTRIC SERVICE AT THE LOWEST COST POSSIBLE. 122190964 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 305 0 1 176 1 0 0 0 0 0 0 0 119319711 1914044 0 0 0 X 8 8 1 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 0 0 0 GA X RAYDELLE MAUFFRAY CPA MANAGER OF A 9126323431 928 GA HWY 32 EAST ALMA GA 31510 THOMAS J MORRIS DIRECTOR/VICE-CHAIRMAN 1.00 X X 12372 0 0 JAMES W WATERS DIRECTOR/TREASURER 1.00 X X 11472 0 0 RL LEWIS JR DIRECTOR/CHAIRMAN 2.00 X X 33100 0 0 DAVID H BENNETT JR DIRECTOR 1.00 X 32650 0 0 SCOTT DAY DIRECTOR 1.00 X 9922 0 0 JERRY BOATRIGHT DIRECTOR/SECRETARY 1.00 X X 12372 0 0 HUGH L BRANTLEY DIRECTOR 2.00 X 12372 0 0 J MATT BENNETT DIRECTOR 2.00 X 12672 0 0 ROMEO A REYES PRESIDENT/CEO 40.00 X 268384 0 87756 MARK A JOHNSON VP CORP & POWER SUPPLY SVCS 40.00 X 235679 0 80972 JENNIFER LYNN GAINEY DIRECTOR, ADMIN SERVICES 40.00 X 162904 0 65883 JOHNNY D ALLEN DIRECTOR OF LINE SERVICES 40.00 X 179289 0 67384 ROBERT K BENNETT JR DIRECTOR OF DISTRIBUTION S 40.00 X 181861 0 66265 James Tucker Jr Director of Customer Servi 40.00 X 176342 0 68076 JOHN R SWEAT DIRECTOR, SYSTEM SERVICES 40.00 X 155216 0 61156 EARL B WILLIAMS IT MANAGER 40.00 X 166553 0 64754 LONNY WHITLEY SYSTEM SUPPORT MANAGER 40.00 X 153344 0 64263 BRUCE RENTZ MEMBER SERVICES MANAGER 40.00 X 153952 0 61115 BRIAN SCOTT MIKELL LINE FOREMAN 40.00 X 165375 0 57210 CHRISTIE R MAUFFRAY ACCT & FINANCE MGR 40.00 X 157371 0 66605 2293202 0 811439 26 0 1 0 PIKE ELECTRIC INC PO BOX 746308 ATLANTA GA 303746308 LINE MAINTENANCE 6312966 HELENA CHEMICAL COMPANY PO BOX 846350 DALLAS TX 752846350 LINE MAINTENANCE 1441531 ASPLUNDH TREE EXPERT CO PO BOX 827464 PHILADELPHIA PA 19182 LINE MAINTENANCE 1253183 TOWNSEND TREE SERVICE CO INC PO BOX 7015 MUNCIE IN 47308 LINE MAINTENANCE 1140997 D&T ALTMAN RIGHT OF WAY CONTRACTORS INC PO BOX 1988 ALMA GA 31510 LINE MAINTENANCE 668757 58 SALE OF ELECTRICITY 221000 119319713 119319713 POLE RENTAL 221000 957206 957206 120276919 71193 71193 166445 10507 155938 155938 155938 CAPITAL CREDIT ALLOCATIONS 221000 1656756 1656756 OTHER 221000 30158 30158 1686914 122190964 119505809 0 2685155 X 5972515 1994099 3905688 7943365 COST OF PURCHASED POWER 78459909 DISTR EXP - MAINTENANCE 8602127 DISTR EXP - OPERATIONS 6915937 CONSUMER ACCOUNTS EXPEN 4735970 3661354 122190964 5102738 7004390 4069419 4421959 1677648 4494296 3375292 3046111 252484235 55770533 186282948 196713702 42335789 43731751 6790676 9304416 249634510 268716625 9416033 9696112 99313306 113078549 22174947 25576232 130904286 148350893 X 0 0 0 0 118730224 120365732 118730224 120365732 249634510 268716625 X 0 1635508 X X 0 1 X 1 0 378454 378454 252105781 55770533 196335248 196713702 INVESTMENTS - OTHER ASSOCIATED ORGANIZATIONS 1700135 C PATRONAGE CAPITAL - OPC 28697369 C PATRONAGE CAPITAL - GTC 7948467 C PATRONAGE CAPITAL - GSOC 7024 C PATRONAGE CAPITAL - NRUCFC 2114669 C PATRONAGE CAPITAL - SMARR 678600 C PATRONAGE CAPITAL - GRESCO 627255 C PATRONAGE CAPITAL - COBANK 998828 C PATRONAGE CAPITAL - MERIDIAN 387580 C PATRONAGE CAPITAL - FEDERATED 570328 C PATRONAGE CAPITAL - NRTC 1496 C 43731751 CUSTOMER DEPOSITS 1955260 ACCRUED POSTRETIREMENT BENEFITS 19671516 DEFERRED CREDITS 693419 OTHER CURRENT/ACCRUED EXPENSES 3256037 25576232 X 121565640 0 121565640 625324 625324 122190964 115593125 0 115593125 6597839 6597839 122190964 Part X, Line 2: THE CORPORATION OPERATES UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(12), AS A TAX-EXEMPT COOPERATIVE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE CORPORATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. Part XI, Line 4b - Other Adjustments: PRB EXPENSE NETTED AGAINST NONOPERATING MARGINS IN FINANCIAL STATEMENTS 625,324. Part XII, Line 4b - Other Adjustments: PATRONAGE CAPITAL ALLOCATED TO MEMBERS 5,972,515. PRB EXPENSE NETTED AGAINST NONOPERATING MARGINS IN FINANCIAL STATEMENTS 625,324. X 0 0 0 ROMEO A REYES PRESIDENT/CEO 257137 0 11247 0 0 0 52907 0 34849 0 356140 0 0 0 MARK A JOHNSON VP CORP & POWER SUPPLY SVCS 226041 0 9638 0 0 0 46689 0 34283 0 316651 0 0 0 ROBERT K BENNETT JR DIRECTOR OF DISTRIBUTION S 174532 0 7329 0 0 0 35510 0 30755 0 248126 0 0 0 JOHNNY D ALLEN DIRECTOR OF LINE SERVICES 171960 0 7329 0 0 0 35501 0 31883 0 246673 0 0 0 James Tucker Jr Director of Customer Servi 169013 0 7329 0 0 0 34477 0 33599 0 244418 0 0 0 EARL B WILLIAMS IT MANAGER 159763 0 6790 0 0 0 32871 0 31883 0 231307 0 0 0 JENNIFER LYNN GAINEY DIRECTOR, ADMIN SERVICES 156114 0 6790 0 0 0 32824 0 33059 0 228787 0 0 0 CHRISTIE R MAUFFRAY ACCT & FINANCE MGR 150581 0 6790 0 0 0 31756 0 34849 0 223976 0 0 0 BRIAN SCOTT MIKELL LINE FOREMAN 161275 0 4100 0 0 0 23311 0 33899 0 222585 0 0 0 LONNY WHITLEY SYSTEM SUPPORT MANAGER 147069 0 6275 0 0 0 30364 0 33899 0 217607 0 0 0 JOHN R SWEAT DIRECTOR, SYSTEM SERVICES 148888 0 6328 0 0 0 30401 0 30755 0 216372 0 0 0 BRUCE RENTZ MEMBER SERVICES MANAGER 147677 0 6275 0 0 0 30360 0 30755 0 215067 0 0 0 Form 990, Part VI, Section A, line 2 1. BOARD MEMBER DAVID H. BENNETT, JR. HAS A CERTIFIED PUBLIC ACCOUNTING FIRM AND THIS FIRM PREPARES TAX RETURNS FOR OTHER BOARD MEMBERS. 2. BOARD MEMBER JAMES W. WATERS IS A MINORITY SHAREHOLDER OF AND A PAID AG CONSULTANT FOR FIRST SOUTHERN BANK, AND FIRST SOUTHERN BANK SERVES AS A DEPOSITORY INSTITUTION FOR THE CORPORATION. 3. BOARD MEMBER DAVID H. BENNETT, JR. AND DIRECTOR OF LINE SERVICES JOHNNY D. ALLEN ARE EACH 25% OWNERS IN A FARMING OPERATION. 4. CERTAIN BOARD MEMBERS ALSO SERVE ON THE BOARD OF DIRECTORS FOR CERTAIN PROGRAM RELATED ORGANIZATIONS, SUCH AS OGLETHORPE POWER CORPORATION, GEORGIA TRANSMISSION CORPORATION AND GEORGIA SYSTEMS OPERATIONS CORPORATIONS. THESE BOARD MEMBERS MAY RECEIVE COMPENSATION FOR THEIR SERVICES DIRECTLY FROM THESE RELATED ORGANIZATIONS. Form 990, Part VI, Section A, line 6 INDIVIDUALS AND ENTITIES REQUESTING SERVICE ARE REQUIRED TO PAY A ONE-TIME MEMBERSHIP FEE. Form 990, Part VI, Section A, line 7a THE CORPORATION HAS EIGHT MEMBERS OF ITS BOARD OF DIRECTORS. A BOARD ELECTION IS HELD ANNUALLY IN CONJUNCTION WITH THE CORPORATION'S ANNUAL MEMBER MEETING. THE MEMBERS ARE THE ONLY ONES ALLOWED TO VOTE IN THE ANNUAL ELECTION OF BOARD MEMBERS. Form 990, Part VI, Section A, line 7b CERTAIN DECISIONS, SUCH AS CHANGES TO THE CORPORATION'S CORPORATE BY-LAWS, MUST BE PRESENTED TO AND APPROVED BY THE MEMBERS. GENERALLY, SUCH CHANGES, IF ANY, ARE PRESENTED AT THE CORPORATION'S ANNUAL MEMBER MEETING. Form 990, Part VI, Section B, line 11b FORM 990 WAS REVIEWED AT REGULAR SCHEDULED BOARD MEETING WITH THE BOARD OF DIRECTORS BY MANAGEMENT PRIOR TO THE RETURN BEING FILED. Form 990, Part VI, Section B, line 12c AN ANNUAL DISCLOSURE OF ANY CONFLICTS OF INTEREST IS REQUIRED BY ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES, AND THE BOARD OF DIRECTORS REVIEWS THE DISCLOSURES. Form 990, Part VI, Section B, line 15 COMPENSATION FOR OFFICERS AND KEY EMPLOYEES IS BASED ON A PAY MATRIX ESTABLISHED FOR THE POSITION. Form 990, Part VI, Section C, line 18 A NOTICE IS POSTED IN THE LOBBY. Form 990, Part VI, Section C, line 19 A NOTICE IS POSTED IN THE LOBBY. Form 990, Part IX, line 24e ADMINISTRATIVE AND GENERAL EXPENSES 2,541,852. OTHER POSTRETIREMENT BENEFITS 625,324. CUSTOMER SERVICE/INFORMATIONAL 385,590. OTHER DEDUCTIONS 64,396. SALES EXPENSE 44,192. Form 990, Part XI, line 9: INCREASE IN MEMBERSHIPS 2,490. OTHER COMPREHENSIVE INCOME 109,298. RETIREMENT OF MEMBERS CAPITAL CREDITS -5,600,300. INCREASE IN GAINS FROM RETIRED CAPITAL CREDITS 1,147,748. PATRONAGE CAPITAL ALLOCATED TO MEMBERS 5,972,515. OTHER EQUITIES 3,757. FORM 990 PART XII, LINE 2C EXPLANATION THE CORPORATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. SATILLA REMC FOUNDATION INC 928 GEORGIA HIGHWAY 32 EAST ALMA GA 31510 582510297 SUPPORT OF LOCAL CHARITABLE ORGANIZATIONS GA 501(c)(3) Line 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SATILLA REMC FOUNDATION INC R 187708 CASH TRANSFERRED TO FOUNDATION