2020-03-16T09:25:23-05:00 2019-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2019-01-01 580465897 DIVERSE POWER INCORPORATED DIVE 7068452000 1400 SOUTH DAVIS ROAD LAGRANGE GA 30241 R WAYNE LIVINGSTON PRESIDENT/CEO 7068452000 2020-03-16 true WILLIAM R ROUNTREE P01231836 4787466277 2020-03-16 98.175.202.218 2020-03-16 09:25:23 CD P 25F9B7C04C37FA469521EEC6F4E14D36AC5D002A 5586D5E413FCEF2742B907724651E8BC0D4D3AF0 2019 2021-04-22 16:20:28Z ATTN ANDREW KILGORE R WAYNE LIVINGSTON 1400 SOUTH DAVIS ROAD LAGRANGE GA 30241 97578084 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 10 128 -2025 0 96075721 97339896 135815 182400 28439 55788 96239975 97578084 0 3771796 2994568 614723 655819 0 0 91689202 93689607 96075721 97339994 164254 238090 203235313 208951768 136224153 138776782 67011160 70174986 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. false false false false false false false false false true false true false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 26 0 true 128 true false false false false false 94216794 678975 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 JIMMY G BAILEY CHAIRMAN 12.38 X X 31866 0 0 RICHARD WILLIAMS VICE CHAIRMA 12.00 X X 28360 0 0 CHERYL MEADOWS SECRETARY 6.24 X X 27363 0 0 DAVID MURPHY DIRECTOR 8.67 X 21560 0 0 ROY TOLLERSON JR DIRECTOR 8.25 X 22360 0 0 LARRY WILLIAMSON DIRECTOR 6.00 X 24769 0 0 HARRELL LANDRETH DIRECTOR 6.00 X 22360 0 0 WILLIAM COUCH DIRECTOR 6.00 X 25360 0 0 LARRY KEITH DIRECTOR 6.00 X 28216 0 0 CHARLES KNIGHT DIRECTOR 6.00 X 24963 0 0 R WAYNE LIVINGSTON PRESIDENT/CE 40.00 X 341117 0 57525 RANDY SHEPARD SVP-TECH & B 40.00 X 275445 0 97803 ANDREW KILGORE SVP-FIN & AC 40.00 X 164613 0 50830 JAMIN BLAIR SVP-ENG & OP 40.00 X 173713 0 72723 KIRK KING VP-CONSTRUCT 40.00 X 152806 0 49256 CHUCK REDMOND VP-STAKING & 40.00 X 151344 0 50663 1516215 378800 13 false true false LEE ELECTTRICAL CONSTRUCTION PO BOX 55 ABERDEEN NC 28315 LINE CONST. 342784 PROGRESSIVE SOLUTIONS PO BOX 825124 PHILADELPHIA PA 19182 ROW SPRAYING 264127 OSMOSE UTILITY SERVICES PO BOX 117284 ATLANTA GA 30338 POLE INSPECTION 174361 DEAN'S COMMERICAL TWO-WAY PO BOX 489 CATAULA GA 31804 COMM. SUPPORT 135500 4 ELECTRIC REVENUE 221000 94216794 94216794 OTHER CAPITAL CREDITS 221000 1563276 1563276 POLE RENTAL 221000 1559826 1559826 97339896 182400 182400 GAIN ON DISPOSITION OF PROPER 221000 57813 57813 EARNINGS (LOSS) FROM P'SHIP 221000 -2025 -2025 55788 97578084 97580109 -2025 2994568 655819 5614479 9800051 PURCHASED POWER 59610907 DISTRIBUTION MAINTENANCE 8135770 ADMIN. & GENERAL EXP. 3084670 DISTRIBUTION OPERATIONS 2599226 4844504 97339994 0 0 0 8677349 9575824 9969216 10678535 162397 141269 3460590 3005404 1941398 829557 250989164 83004376 163411718 167984788 14628320 15703894 984325 1032497 203235313 208951768 12957953 10842687 114488637 117296310 8777563 10637785 136224153 138776782 X 137400 137440 66873760 70037546 67011160 70174986 203235313 208951768 X 238090 1720307 1205429 X false true X true true true 2684949 2684949 248304215 83004376 165299839 167984788 GTC 4586323 C COBANK 2539169 C GRESCO 2423870 C GA ROW 1860109 C GA TRANSMISSION 943442 C CFC 926416 C CTC'S 795210 C SMARR EMC 509336 C CFC MEMBER CAPITAL SECURITIES 500000 C FEDERATED 322428 C SEDC 223968 C OTHER 73623 C 15703894 ACCUM PROV FOR PENSION & BENEFITS 4739351 REGULATORY LIABILITES - ASC 980 3400000 CONSUMER DEPOSITS 1465937 DEFERRED COMPENSATION 1032497 10637785 96180109 96180109 1397975 1397975 97578084 94345426 94345426 2994568 2994568 97339994 SCHEDULE D, PAGE 4, PART XI, LINE 4B DEFERRED REVENUE -ASC 980 1,400,000 LOSS FROM PARTNERSHIP -2,025 SCHEDULE D, PAGE 4, PART XII, LINE 4B BENEFITS PAID TO MEMBER CAPITAL ACCOUNTS 2,994,568 SCHEDULE D, PAGE 4, PART XIII THE CORPORATION'S RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION (18CFR.PART. 101). THOSE PRACTICES UTILIZE ALLOCATION BASES. AS A RESULT, IT WOULD REQUIRE SIGNIFCANT EFFORT TO BREAK OUT EXPENSES IN THE FUNCTIONAL CATEGORIES PROVIDED FOR ON THE STATEMENT OF FUNCTIONAL EXPENSES. MANAGEMENT HAS OPTED TO CLASSIFY ITS EXPENSES ON PART IX OF THE FORM 990 IN THE SAME MANNER IT REPORTS IT FINANCIAL RESULTS TO LENDERS, REGULATORS AND ITS MEMBER-OWNERS. X X X X X false false false R WAYNE LIVINGSTON PRESIDENT/CEO 314122 3489 23506 33368 24157 398642 RANDY SHEPARD SVP-TECH & BUS DEV 261458 3017 10970 66649 31154 373248 ANDREW KILGORE SVP-FIN & ACCTG 161372 2029 1212 20462 30368 215443 JAMIN BLAIR SVP-ENG & OPS 164759 2113 6841 42431 30292 246436 KIRK KING VP-CONSTRUCTION 145491 1914 5401 18825 30431 202062 CHUCK REDMOND VP-STAKING & ROW 143486 1914 5944 18891 31772 202007 FORM 990 WEBSITE: HTTP://WWW.DIVERSEPOWER.COM/ FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMEBERS 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 WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH 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 ON JANUARY 1, 2019, THE CORPORATION ADOPTED ASU 2014-09 (TOPIC 606), REVENUE FROM CONTRACTS WITH CUSTOMERS (ASC TOPIC 606). ASU 2014-09 REQUIRED THE CORPORATION TO ACCRUE ELECTRIC REVENUE FROM THE MOST RECENT METER READ DATE THROUGH PERIOD END. PRIOR TO THE ADOPTION OF ASU 2014-09, INDUSTRY STANDARD REQUIRED THE AMOUNT OF ACCRUED UTILITY REVENUE BE DISCLOSED, BUT NOT RECORDED. THE CHANGE IN ACCOUNTING PRINCIPLE RESULTED IN A PRIOR PERIOD ADJUSTMENT OF 1,720,307. SINCE A SUBSTANTIAL PORTION OF THE ACCRUAL IS ATTRIBUTABLE TO PRIOR YEARS AND THE PATRONAGE FOR THOSE YEARS HAS ALREADY BEEN ASSIGNED AS PATRONAGE CAPITAL, ACCRUED UTILITY REVENUE PRIOR TO JANUARY 1, 2019 WILL REMAIN A COMPONENT OF OTHER EQUITIES UNTIL THE CORPORATION IS LIQUIDATED OR DISSOLVED, AT WHICH TIME IT WILL BE ALLOCATED AND ASSIGNED AS PATRONAGE CAPITAL TO THE MEMBERS THAT CONTRIBUTED THE PATRONAGE. FORM 990, PART XI, LINE 9 CHANGE IN MEMBERSHIPS 41 BENEFITS PAID TO MEMBER CAPITAL ACCOUNTS 2,994,568 DONATED CAPITAL 175,007 OTHER INCREASES 41,980 PARTNERSHIP K-1 2,025 CAPTIAL CREDITS - RETIRED -397,156 NET REVENUE DEFERRED UNDER ASC 980 -1,400,000 OTHER COMPREHENSIVE LOSS -211,036 TOTAL 1,205,429