2018-11-06T16:03:19-06:00 2017-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 400 CORDER ROAD WARNER ROBINS GA 310887166 990 2017-01-01 580417350 THE SATILLA RURAL ELECTRIC MEMBERSHIP CORPORATION SATI 9126327222 PO Box 906 Alma GA 315101006 ROMEO REYES PRESIDENT/CEO 9126327222 2018-10-24 1 CAL BRANTLEY CPA P00636393 4789293888 2018-10-24 64.88.174.3 2018-10-24 11:42:35 US P 5C924200841B5591E0F769E45FD9F8D650B52F7C ACE31EE7A0A8535D0213BD6DA71A2A33EE4D1634 2017 2019-02-21 02:37:17Z ROMEO REYES 928 HIGHWAY 32 EAST ALMA GA 31510 115217735 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 8 143 0 0 0 0 0 110435051 111995845 1222008 1315140 1879992 1878429 113537051 115189414 0 0 10487904 9836061 1300001 1159985 0 0 0 101749146 104193368 113537051 115189414 0 0 231754646 244901687 128664100 133454287 103090546 111447400 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 115189414 TO FURNISH OUR MEMBERS WITH DEPENDABLE ELECTRIC SERVICE AT THE LOWEST COST POSSIBLE. 115189414 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 39 0 1 143 1 0 0 0 0 0 0 0 111126153 4063261 0 X 8 8 1 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 GA X RAYDELLE MAUFFRAY CPA MANAGER OF A 9126323431 928 GA HWY 32 EAST ALMA GA 31510 THOMAS J MORRIS DIRECTOR 2.00 X X 11735 0 0 JAMES W WATERS DIRECTOR/TREASURER 1.00 X X 10735 0 0 RL LEWIS JR DIRECTOR/CHAIRMAN 1.00 X X 33290 0 0 DAVID H BENNETT JR DIRECTOR 1.00 X 31240 0 0 SCOTT DAY DIRECTOR 1.00 X 11135 0 0 G HINSON MOSLEY DIRECTOR/VICE CHAIRMAN 2.00 X X 11735 0 0 JERRY BOATRIGHT DIRECTOR/SECRETARY 2.00 X 11735 0 0 HUGH L BRANTLEY DIRECTOR 2.00 X 17416 0 0 ROMEO A REYES PRESIDENT/CEO 40.00 X 221898 0 74189 MARK A JOHNSON VP CORP & SYS SERVICES 40.00 X 197316 0 72589 JOHNNY D ALLEN DIRECTOR OF LINE SERVICES 40.00 X 167333 0 61363 ROBERT K BENNETT JR DIRECTOR OF DISTRIBUTION S 40.00 X 166147 0 60129 RICHARD F URSREY ASST. DIRECTOR OF CUSTOMER 40.00 X 126909 0 49025 JOHN R SWEAT FLEET MATERIALS MANAGER 40.00 X 134045 0 55905 EARL B WILLIAMS IT MANAGER 40.00 X 152859 0 59085 LONNY WHITLEY SYSTEM SUPPORT MANAGER 40.00 X 134498 0 57072 JOSEPH CARTER LOSS CONTROL MANAGER 40.00 X 142239 0 57916 1582265 0 547273 9 0 1 0 PIKE ELECTRIC INC PO BOX 868 MT AIRY NC 27030 CONTRACTOR LABOR 2417570 HELENA CHEMICAL COMPANY PO BOX 198153 ATLANTA GA 30384 RIGHT OF WAY CLEARING/SPRAYING 1170405 ASPLUNDH TREE EXPERT CO PO BOX 75090 CHARLOTTE NC 28275 RIGHT OF WAY CLEARING/TRIMMING 1158900 TOWNSEND TREE SERVICE CO INC PO BOX 128 PARKER CITY IN 47368 RIGHT OF WAY CLEARING/TRIMMING 1071666 D&T ALTMAN RIGHT OF WAY CONTRACTORS INC 802 S CHURCH STREET ALMA GA 31510 RIGHT OF WAY CLEARING/TRIMMING 612965 5 SALE OF ELECTRICITY 221000 111103386 111103386 POLE RENTAL 221000 892459 892459 111995845 1221066 1221066 122395 28321 94074 94074 94074 CAPITAL CREDIT ALLOCATIONS 221000 1855662 1855662 OTHER 221000 22767 22767 1878429 115189414 111220227 0 3969187 X 9836061 1159985 4173910 7070450 COST OF PURCHASED POWER 72768605 DISTRIBUTION EXPENSE - 7772049 DISTRIBUTION EXPENSE - 4739341 CONSUMER ACCOUNTS EXPEN 4447790 3221223 115189414 4748258 5474595 3785628 4355563 1419653 1448855 14947003 13827218 222399690 47185052 164132909 175214638 36392504 37793631 6328691 6787187 231754646 244901687 8125056 7515189 95187462 102098440 25351582 23840658 128664100 133454287 X 0 0 0 0 103090546 111447400 103090546 111447400 231754646 244901687 X 0 8356854 X X 0 1 X 1 0 378454 378454 222021236 47185052 174836184 175214638 INVESTMENTS - OTHER ASSOCIATED ORGANIZATIONS 2559819 C PATRONAGE CAPITAL - OPC 24845430 C PATRONAGE CAPITAL - GTC 6448518 C PATRONAGE CAPITAL - GSOC 7024 C ECONOMIC DEVELOPMENT FUNDS 130000 C OTHER 7999 C PATRONAGE CAPITAL - NRUCFC 1830557 C PATRONAGE CAPITAL - SMARR 661922 C PATRONAGE CAPITAL - GRESCO 508064 C PATRONAGE CAPITAL - COBANK 794298 C 37793631 CUSTOMER DEPOSITS 2109179 ACCRUED POSTRETIREMENT BENEFITS 13240326 DEFERRED CREDITS 398446 OTHER CURRENT/ACCRUED EXPENSES 1958084 NATURAL GAS HEDGE LIABILITY 6134623 23840658 X 115189414 0 115189414 0 115189414 105353353 0 105353353 9836061 9836061 115189414 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 XII, Line 4b - Other Adjustments: PATRONAGE CAPITAL ALLOCATED TO MEMBERS 9,836,061. X 0 0 0 ROMEO A REYES PRESIDENT/CEO 208747 0 13151 0 0 0 39530 0 34659 0 296087 0 0 0 MARK A JOHNSON VP CORP & SYS SERVICES 186680 0 10636 0 0 0 38179 0 34410 0 269905 0 0 0 JOHNNY D ALLEN DIRECTOR OF LINE SERVICES 154194 0 13139 0 0 0 29569 0 31794 0 228696 0 0 0 ROBERT K BENNETT JR DIRECTOR OF DISTRIBUTION S 156653 0 9494 0 0 0 29463 0 30666 0 226276 0 0 0 RICHARD F URSREY ASST. DIRECTOR OF CUSTOMER 120146 0 6763 0 0 0 25264 0 23761 0 175934 0 0 0 JOHN R SWEAT FLEET MATERIALS MANAGER 124746 0 9299 0 0 0 25239 0 30666 0 189950 0 0 0 EARL B WILLIAMS IT MANAGER 143007 0 9852 0 0 0 27291 0 31794 0 211944 0 0 0 LONNY WHITLEY SYSTEM SUPPORT MANAGER 123248 0 11250 0 0 0 25278 0 31794 0 191570 0 0 0 JOSEPH CARTER LOSS CONTROL MANAGER 130794 0 11445 0 0 0 25306 0 32610 0 200155 0 0 0 Form 990, Part VI, Section A, line 2 1. BOARD MEMBER DAVID BENNETT HAS A CERTIFIED PUBLIC ACCOUNTING FIRM AND THIS FIRM PREPARES TAX RETURNS FOR OTHER BOARD MEMBERS. 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 15a THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE CEO'S COMPENSATION ON AN ANNUAL BASIS. COMPENSATION FOR 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 2,855,528. CUSTOMER SERVICE/INFORMATIONAL 289,354. SALES EXPENSE 43,303. OTHER DEDUCTIONS 33,038. Form 990, Part XI, line 9: INCREASE IN MEMBERSHIPS 1,075. OTHER COMPREHENSIVE INCOME 1,579,770. RETIREMENTS OF MEMBERS CAPITAL CREDITS -4,055,377. INCREASE IN GAINS FROM RETIRED CAPITAL CREDITS 707,937. PATRONAGE CAPITAL ALLOCATED TO MEMBERS 9,836,061. OTHER EQUITIES 287,388. Form 990, Part XII, Line 2c: 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 154505 CASH TRANSFERRED TO FOUNDATION