2021-05-13T16:15:47-07:00 2020-12-31 990 2020-01-01 314197135 GUERNSEY-MUSKINGUM ELECTRIC COOP GUER 7408267661 17 S Liberty Street New Concord OH 43762 Brian Hill CEO 7408267661 2021-05-13 0 11 0 AAL2 X 2020 2022-09-23 18:48:47Z Guernsey Muskingum Electric Coop 17 S Liberty Street New Concord OH 43762 36936945 0 X www.gmenergy.com X 1938 OH The Cooperative operates on a non-profit basis and accounts on patronage basis to all its patrons for all amounts received and receivable from furnishing of electric and other services in excess of cost and expenses with understanding they are furnished by patrons as capital 7 7 45 0 0 0 704826 35078537 35035410 210374 80848 1004321 1103482 36293232 36924566 6600 6600 0 3633841 3761756 0 0 29499255 30099656 33139696 33868012 3153536 3056554 94841007 95420824 48449535 47130380 46391472 48290444 To provide quality electric energy and other services at lowest cost, consistent with sound economy and good management 0 0 The Cooperative continues to provide quality electric energy and other services to our members and served a total of 16,957 accounts at the end of 2020. In 2020, 187 new services were installed throughout our service territory. The Cooperative returned over $1,157,000 to our members, in 2020 through the retirement of patronage capital. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 45 1 0 0 0 0 0 35716308 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Brian Hill General Manager CEO 7408267661 17 S Liberty Street New Concord OH 43762 Brian Hill General Manager/CEO 40 X 155728 0 42195 Kenneth Tolliver Operations Manager 40 X 144582 0 48850 Andy Bone Controller 40 X 115353 0 46754 Edward G Bay Secretary-Treasurer 8.80 X 12660 0 0 Matt Carpenter Director 8.5 X 12380 0 0 Maureen Riley Director 8.3 X 12240 0 0 John Enos Director 7.80 X 11820 0 0 A Duane Parks Director 7.7 X 11780 0 0 Jay Gray Chairman 7.7 X 11680 0 0 Shirley Stultz Vice Chair 7.8 X 11630 0 0 499853 0 137799 9 0 1 0 Asplundh Tree Expert Co 708 Blair Mill Road Willow Grove PA 19090 Rightway Tree Trimming 2809498 New River 15 Cloverdale Cloverdale VA 24077 Construction Electric Distribution 1171206 Penn Line 300 Scottdale Ave Scottdale PA 156830462 Pole Inspection & Treatment 102624 3 X 0 0 0 0 704826 0 0 704826 Energy sales to Members 221000 34386955 34386955 0 0 Pole Connects 221000 422184 422184 0 0 Other 221000 226271 226271 0 0 0 0 0 0 35035410 81248 0 0 81248 0 0 0 0 0 0 0 0 0 0 0 11979 0 12379 0 -400 -400 -400 0 0 0 Patronage Capital from Assoc 900099 1110073 1110073 0 0 Misc Income/Loss 900099 -6591 -6591 0 0 0 0 0 0 1103482 36924566 36138492 0 81248 X 6600 637652 2086541 478433 368319 190811 25938 85675 29261 2821880 93489 288239 18683 13849 18883 1442040 2244170 Purchase Power 19828223 Real Estate Tax 1122755 KWH Tax 1077252 Transportation Expense 210089 779230 33868012 0 0 0 5216902 4704682 3864004 3675003 672201 580652 851673 704573 88497477 21454555 65617961 67042922 17212849 17332011 1405417 1380981 94841007 95420824 4606196 4349545 43131479 41971550 711860 809285 48449535 47130380 X 0 0 3872 3872 46387600 48286572 46391472 48290444 94841007 95420824 X 3056554 0 0 0 0 -1157582 X 0 1 X 1 0 0 556467 556467 0 2638077 1169314 1468763 0 0 0 0 0 85302933 20285241 65017692 0 0 0 0 67042922 Patronage Capital Buckeye Power 14401548 C Buckeye Power Equity 922383 C National Rural Utilitis CFC Capital 745664 C Patronage Capital CFC 348110 C Patronage Capital UUS 337623 C Federated Insurance 170043 C Interest in Heartland Emergency 157923 C National Rural Utilities CFC Member Securities 100000 C Other Investments 148717 C 17332011 0 Consumer Deposits 552187 Consumer Advance for Construction 159654 Consumer Advance for Prepaid Construction 52377 Other deferred credits 44437 Rental Property Deposit 630 809285 36924566 0 0 0 0 0 36924566 0 0 0 36924566 33868012 0 0 0 0 0 33868012 0 0 0 33868012 0 Scholarships for students 8 6600 0 Schedule I, Part I, Line 2 The grants and assistance is for 8 scholarships for students. 0 0 0 Brian Hill General Manager/CEO 155728 0 0 0 0 0 0 0 42195 0 197923 0 0 Kenneth Tolliver Operations Manager 144582 0 0 0 0 0 0 0 48850 0 193432 0 0 0 Andy Bone Controller 115353 0 0 0 0 0 0 0 46754 0 162107 0 0 Form 990, Part VI, Section A, Line 6 The organization is an electric distribution cooperative owned by its members Form 990, Part VI, Section A, Line 7a The members of the board of directors are elected by vote of membership Form 990, Part VI, Section A, Line 7b Changes to the cooperative Code of Regulations require approval of membership by vote Form 990, Part VI, Section B, Line 11b A complete copy is provided to each board member and 990 is reviewed at a regular board meeting. So that board members have an opportunity to ask questions. Form 990, Part VI, Section B, Line 12c Directors, officers, and staff must complete a questioner each year with details on any potential conflicts. These are reviewed by Management and the Board. Form 990, Part VI, Section B, Line 15 Compensation levels are determined by comparing compensation levels for similar positions through both national and state compensations surveys. A wage and salary proposal is presented to board annually and is subject to their approval. Form 990, Part VI, Section C, Line 19 Copies of the governing documents are available on cooperative's website. Paper copies of the governing documents, policies and financial statements are available at the cooperative office upon request. Form 990, Part VIII, Line 1e On May 28, 2020 the Cooperative was granted a loan from the Community Bank in the amount of $704,826.25 pursuant to the Paycheck Protection Program (the PPP) under the Cares Act. The loan was guaranteed by the US Small Business Administration. Under provisions of PPP program the Cooperative sought forgiveness of the loan as it used the funds for eligible expenses as outlined by the program. On Dec. 15, 2020 the application for forgiveness was approved by both the lender and SBA. The Cooperative treated the proceeds of the loan as debt until the forgiveness and then recorded it as an in-substance Grant and applied the proceeds to eligible expenses. Form 990, Part IX, Line 4 The cooperative returned over $1,157,000 to our members, in 2020 through the retirement of patronage capital. Such payments are not an expense on our audited financial statements, but represents a return of capital. Form 990, Part XI, Line 9 The cooperative returned over $1,157,000 to our members in 2020 through the retirement of patronage capital. Such payments are not an expense on our audited financial statements, but represents a return of capital.