2020-11-05T10:02:45-06:00 2019-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 400 CORDER ROAD WARNER ROBINS GA 310887166 990 2019-01-01 580417350 THE SATILLA RURAL ELECTRIC MEMBERSHIP CORPORATION SATI 9126327222 PO Box 906 Alma GA 315101006 ROMEO REYES PRESIDENT/CEO 9126327222 2020-10-30 1 CAL BRANTLEY CPA P00636393 4789293888 2020-10-30 64.88.174.3 2020-10-30 09:28:33 US P 2A78AEA6A17A1735749930058CCE72302FEFF997 843F307456D1BD6A5A5C4A57A5F87AB719543697 2019 2021-04-22 16:20:28Z ROMEO REYES 928 HIGHWAY 32 EAST ALMA GA 31510 120609720 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 8 159 0 0 0 0 0 116818952 117421163 1373403 1206877 1808829 1969203 120001184 120597243 0 0 6830758 7516176 1184108 1438920 0 0 0 111986318 111642147 120001184 120597243 0 0 249161032 244247189 134463368 127700453 114697664 116546736 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 120597243 TO FURNISH OUR MEMBERS WITH DEPENDABLE ELECTRIC SERVICE AT THE LOWEST COST POSSIBLE. 120597243 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 1 267 0 1 159 1 0 0 0 0 0 0 0 116662356 3176080 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 2.00 X X 12634 0 0 JAMES W WATERS DIRECTOR/TREASURER 1.00 X X 11734 0 0 RL LEWIS JR DIRECTOR/CHAIRMAN 1.00 X X 35762 0 0 DAVID H BENNETT JR DIRECTOR 1.00 X 33362 0 0 SCOTT DAY DIRECTOR 1.00 X 10634 0 0 JERRY BOATRIGHT DIRECTOR/SECRETARY 2.00 X X 14434 0 0 HUGH L BRANTLEY DIRECTOR 2.00 X 12634 0 0 J MATT BENNETT DIRECTOR 2.00 X 10140 0 0 ROMEO A REYES PRESIDENT/CEO 40.00 X 234893 0 79388 MARK A JOHNSON VP CORP & SYS SERVICES 40.00 X 220580 0 76632 JOHNNY D ALLEN DIRECTOR OF LINE SERVICES 40.00 X 169547 0 63996 ROBERT K BENNETT JR DIRECTOR OF DISTRIBUTION S 40.00 X 172048 0 63881 James Tucker Jr Director of Customer Servi 40.00 X 154061 0 62562 JOHN R SWEAT FLEET MATERIALS MANAGER 40.00 X 145201 0 58170 EARL B WILLIAMS IT MANAGER 40.00 X 156823 0 61580 LONNY WHITLEY SYSTEM SUPPORT MANAGER 40.00 X 144372 0 59313 JENNIFER LYNN ROWLAND HUMAN RESOURCES MANAGER 40.00 X 146308 0 62638 BRUCE RENTZ MEMBER SERVICES MANAGER 40.00 X 144980 0 58181 G HINSON MOSLEY DIRECTOR/VICE CHAIRMAN 2.00 X 10270 0 0 1840417 0 646341 27 1 1 0 PIKE ELECTRIC INC PO BOX 746308 ATLANTA GA 303746308 LINE MAINTENANCE 2246823 HELENA CHEMICAL COMPANY PO BOX 846350 DALLAS TX 752846350 LINE MAINTENANCE 1303854 ASPLUNDH TREE EXPERT CO PO BOX 827464 PHILADELPHIA PA 19182 LINE MAINTENANCE 1180601 TOWNSEND TREE SERVICE CO INC PO BOX 7015 MUNCIE IN 47308 LINE MAINTENANCE 1121529 D&T ALTMAN RIGHT OF WAY CONTRACTORS INC PO BOX 1988 ALMA GA 31510 LINE MAINTENANCE 615890 5 SALE OF ELECTRICITY 221000 116662356 116662356 POLE RENTAL 221000 758807 758807 117421163 1175054 1175054 44300 12477 31823 31823 31823 CAPITAL CREDIT ALLOCATIONS 221000 1936966 1936966 OTHER 221000 32237 32237 1969203 120597243 116726416 0 3870827 X 7516176 1438920 4514556 7392842 COST OF PURCHASED POWER 75453574 DISTR EXP - MAINTENANCE 8924053 DISTR EXP - OPERATIONS 6375874 CONSUMER ACCOUNTS EXPEN 4807671 4173577 120597243 6843695 6887161 4534764 4034733 1412053 1454086 13549857 3955884 230698832 49912478 177082737 180786354 39156739 40836784 6581187 6292187 249161032 244247189 7885316 8100054 103228565 94981927 23349487 24618472 134463368 127700453 X 0 0 0 0 114697664 116546736 114697664 116546736 249161032 244247189 X 0 1849072 X X 0 1 X 1 0 378454 378454 230320378 49912478 180407900 180786354 PATRONAGE CAPITAL-OPC 26823610 C PATRONAGE CAPITAL-GTC 7221997 C PATRONAGE CAPITAL-GSOC 7024 C PATRONAGE CAPITAL-COBANK 973064 C PATRONAGE CAPITAL-SMARR 661922 C PATRONAGE CAPITAL-GRESCO 541942 C PATRONAGE CAPITAL-NRUCFC 1990032 C OTHER ASSOC ORGANIZTNS 2615616 C OTHER 1577 C 40836784 CUSTOMER DEPOSITS 2020238 ACCRUED POSTRETIREMENT BENEFITS 14774743 DEFERRED CREDITS 439577 OTHER CURRENT/ACCRUED EXPENSES 2208113 NATURAL GAS HEDGE LIABILITY 5175801 24618472 X 120024580 0 120024580 572663 572663 120597243 112508404 0 112508404 8088839 8088839 120597243 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 572,663. Part XII, Line 4b - Other Adjustments: PATRONAGE CAPITAL ALLOCATED TO MEMBERS 7,516,176. PRB EXPENSE NETTED AGAINST NONOPERATING MARGINS IN FINANCIAL STATEMENTS 572,663. X 0 0 0 ROMEO A REYES PRESIDENT/CEO 225132 0 9761 0 0 0 44648 0 34740 0 314281 0 0 0 MARK A JOHNSON VP CORP & SYS SERVICES 211495 0 9085 0 0 0 42141 0 34491 0 297212 0 0 0 JOHNNY D ALLEN DIRECTOR OF LINE SERVICES 162718 0 6829 0 0 0 32121 0 31875 0 233543 0 0 0 ROBERT K BENNETT JR DIRECTOR OF DISTRIBUTION S 165139 0 6909 0 0 0 32174 0 31707 0 235929 0 0 0 James Tucker Jr Director of Customer Servi 147625 0 6436 0 0 0 28971 0 33591 0 216623 0 0 0 JOHN R SWEAT FLEET MATERIALS MANAGER 139286 0 5915 0 0 0 27423 0 30747 0 203371 0 0 0 EARL B WILLIAMS IT MANAGER 150422 0 6401 0 0 0 29705 0 31875 0 218403 0 0 0 LONNY WHITLEY SYSTEM SUPPORT MANAGER 138457 0 5915 0 0 0 27438 0 31875 0 203685 0 0 0 JENNIFER LYNN ROWLAND HUMAN RESOURCES MANAGER 140126 0 6182 0 0 0 27898 0 34740 0 208946 0 0 0 BRUCE RENTZ MEMBER SERVICES MANAGER 139065 0 5915 0 0 0 27434 0 30747 0 203161 0 0 0 G HINSON MOSLEY DIRECTOR/VICE CHAIRMAN 10270 0 0 0 0 0 0 0 0 0 10270 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. 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 3,162,496. OTHER POSTRETIREMENT BENEFITS 572,663. CUSTOMER SERVICE/INFORMATIONAL 329,944. OTHER DEDUCTIONS 60,213. SALES EXPENSE 48,261. Form 990, Part XI, line 9: INCREASE IN MEMBERSHIPS 1,800. OTHER COMPREHENSIVE LOSS -1,575,748. RETIREMENT OF MEMBERS CAPITAL CREDITS -5,336,547. INCREASE IN GAINS FROM RETIRED CAPITAL CREDITS 850,302. PATRONAGE CAPITAL ALLOCATED TO MEMEBERS 7,516,176. OTHER EQUITIES 393,089. 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 170470 CASH TRANSFERRED TO FOUNDATION