2021-11-15T13:57:38-06:00 2020-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 400 CORDER ROAD WARNER ROBINS GA 310887166 990 2020-01-01 580417350 THE SATILLA RURAL ELECTRIC MEMBERSHIP CORPORATION SATI 9126327222 PO Box 906 Alma GA 315101006 ROMEO REYES PRESIDENT/CEO 9126327222 2021-11-15 1 ROMEO REYES 999009999 CAL BRANTLEY CPA P00636393 4789293888 2021-11-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ROMEO REYES 928 HIGHWAY 32 EAST ALMA GA 31510 115206802 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 8 172 0 0 0 0 0 117421163 112555347 1206877 748249 1969203 1827443 120597243 115131039 0 0 7516176 5228771 1438920 1476623 0 0 0 111642147 108425645 120597243 115131039 0 0 244247189 249634510 127700453 130904286 116546736 118730224 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 115131039 TO FURNISH OUR MEMBERS WITH DEPENDABLE ELECTRIC SERVICE AT THE LOWEST COST POSSIBLE. 115131039 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 1 182 0 1 172 1 0 0 0 0 0 0 0 111574665 3556374 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 11472 0 0 JAMES W WATERS DIRECTOR/TREASURER 1.00 X X 11472 0 0 RL LEWIS JR DIRECTOR/CHAIRMAN 2.00 X X 34300 0 0 DAVID H BENNETT JR DIRECTOR 1.00 X 32900 0 0 SCOTT DAY DIRECTOR 1.00 X 10272 0 0 JERRY BOATRIGHT DIRECTOR/SECRETARY 1.00 X X 11022 0 0 HUGH L BRANTLEY DIRECTOR 2.00 X 12672 0 0 J MATT BENNETT DIRECTOR 2.00 X 35000 0 0 ROMEO A REYES PRESIDENT/CEO 40.00 X 248371 0 74030 MARK A JOHNSON VP CORP & SYS SERVICES 40.00 X 228552 0 70821 JOHNNY D ALLEN DIRECTOR OF LINE SERVICES 40.00 X 174504 0 59528 ROBERT K BENNETT JR DIRECTOR OF DISTRIBUTION S 40.00 X 176097 0 59494 James Tucker Jr Director of Customer Servi 40.00 X 166524 0 59592 JOHN R SWEAT Fleet Materials Manager 40.00 X 149611 0 54353 EARL B WILLIAMS IT MANAGER 40.00 X 161624 0 57449 JENNIFER LYNN ROWLAND HUMAN RESOURCES MANAGER 40.00 X 158325 0 58232 BRUCE RENTZ MEMBER SERVICES MANAGER 40.00 X 149398 0 54365 JOSEPH CARTER LOSS CONTROL MANAGER 40.00 X 149424 0 55568 1921540 0 603432 26 0 1 0 PIKE ELECTRIC INC PO BOX 746308 ATLANTA GA 303746308 LINE MAINTENANCE 3342546 HELENA CHEMICAL COMPANY PO BOX 846350 DALLAS TX 752846350 LINE MAINTENANCE 1389923 ASPLUNDH TREE EXPERT CO PO BOX 827464 PHILADELPHIA PA 19182 LINE MAINTENANCE 1174259 TOWNSEND TREE SERVICE CO INC PO BOX 7015 MUNCIE IN 47308 LINE MAINTENANCE 1145062 D&T ALTMAN RIGHT OF WAY CONTRACTORS INC PO BOX 1988 ALMA GA 31510 LINE MAINTENANCE 620639 5 SALE OF ELECTRICITY 221000 111574665 111574665 POLE RENTAL 221000 980682 980682 112555347 677210 677210 146802 75763 71039 71039 71039 CAPITAL CREDIT ALLOCATIONS 221000 1796801 1796801 OTHER 221000 30642 30642 1827443 115131039 111676346 0 3454693 X 5228771 1476623 4225681 7599074 COST OF PURCHASED POWER 71853390 DISTR EXP - MAINTENANCE 8997781 DISTR EXP - OPERATIONS 6915146 CONSUMER ACCOUNTS EXPEN 4700787 4133786 115131039 6887161 5102738 4034733 4069419 1454086 1677648 3955884 3375292 238822301 52539353 180786354 186282948 40836784 42335789 6292187 6790676 244247189 249634510 8100054 9416033 94981927 99313306 24618472 22174947 127700453 130904286 X 0 0 0 0 116546736 118730224 116546736 118730224 244247189 249634510 X 0 2183488 X X 0 1 X 1 0 378454 378454 238443847 52539353 185904494 186282948 INVESTMENTS - OTHER ASSOCIATED ORGA 2643944 C PATRONAGE CAPITAL - OPC 27791914 C PATRONAGE CAPITAL - GTC 7652566 C PATRONAGE CAPITAL - GSOC 7024 C PATRONAGE CAPITAL - NRUCFC 2025935 C PATRONAGE CAPITAL - SMARR 661910 C PATRONAGE CAPITAL - GRESCO 563937 C PATRONAGE CAPITAL - COBANK 988559 C 42335789 CUSTOMER DEPOSITS 1931945 ACCRUED POSTRETIREMENT BENEFITS 14886723 DEFERRED CREDITS 692751 OTHER CURRENT/ACCRUED EXPENSES 2436270 NATURAL GAS HEDGE LIABILITY 2227258 22174947 X 114505715 0 114505715 625324 625324 115131039 109276944 0 109276944 5854095 5854095 115131039 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 5,228,771. PRB EXPENSE NETTED AGAINST NONOPERATING MARGINS IN FINANCIAL STATEMENTS 625,324. X 0 0 0 ROMEO A REYES PRESIDENT/CEO 237800 0 10571 0 0 0 39233 0 34797 0 322401 0 0 0 MARK A JOHNSON VP CORP & SYS SERVICES 219195 0 9357 0 0 0 36324 0 34497 0 299373 0 0 0 ROBERT K BENNETT JR DIRECTOR OF DISTRIBUTION S 168981 0 7116 0 0 0 27661 0 31833 0 235591 0 0 0 JOHNNY D ALLEN DIRECTOR OF LINE SERVICES 167388 0 7116 0 0 0 27647 0 31881 0 234032 0 0 0 James Tucker Jr Director of Customer Servi 159652 0 6872 0 0 0 25995 0 33597 0 226116 0 0 0 EARL B WILLIAMS IT MANAGER 155031 0 6593 0 0 0 25568 0 31881 0 219073 0 0 0 JENNIFER LYNN ROWLAND HUMAN RESOURCES MANAGER 151732 0 6593 0 0 0 24935 0 33297 0 216557 0 0 0 JOSEPH CARTER LOSS CONTROL MANAGER 143331 0 6093 0 0 0 23687 0 31881 0 204992 0 0 0 JOHN R SWEAT Fleet Materials Manager 143518 0 6093 0 0 0 23600 0 30753 0 203964 0 0 0 BRUCE RENTZ MEMBER SERVICES MANAGER 143305 0 6093 0 0 0 23612 0 30753 0 203763 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 3,071,433. OTHER POSTRETIREMENT BENEFITS 625,324. CUSTOMER SERVICE/INFORMATIONAL 365,750. SALES EXPENSE 43,167. OTHER DEDUCTIONS 28,112. Form 990, Part XI, line 9: INCREASE IN MEMBERSHIPS 2,795. OTHER COMPREHENSIVE INCOME 2,632,904. RETIREMENT OF MEMBERS CAPITAL CREDITS -6,740,623. INCREASE IN GAINS FROM RETIRED CAPITAL CREDITS 755,219. PATRONAGE CAPITAL ALLOCATED TO MEMBERS 5,228,771. OTHER EQUITIES 304,422. 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) 170(B)(1)(A)(VI) 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 181878 CASH TRANSFERRED TO FOUNDATION