2017-11-15T13:46:22-06:00 2016-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 400 CORDER ROAD WARNER ROBINS GA 310887166 990 2016-01-01 580417350 THE SATILLA RURAL ELECTRIC MEMBERSHIP CORPORATION SATI 9126327222 PO Box 906 Alma GA 315101006 ROMEO REYES PRESIDENT/CEO 9126327222 2017-11-14 1 CAL BRANTLEY CPA P00636393 4789293888 2017-11-14 64.88.174.3 2017-11-14 14:45:14 ES P 9156C17B00961BF853C4A30BE8D162B211FF3D79 A384E6841C78BF427753D2C8B3372BA7DB8E6CBF 2016 2017-02-10 21:41:12Z ROMEO REYES 928 HIGHWAY 32 EAST ALMA GA 31510 113551469 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 8 158 0 0 0 0 0 112841451 110435051 1159143 1222008 1775657 1879992 115776251 113537051 0 0 3514788 10487904 813810 1300001 0 0 0 111447653 101749146 115776251 113537051 0 0 218283177 231754646 125435328 128664100 92847849 103090546 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 113537051 TO FURNISH OUR MEMBERS WITH DEPENDABLE ELECTRIC SERVICE AT THE LOWEST COST POSSIBLE. 113537051 0 0 0 0 0 0 0 0 0 1 0 1 1 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 1 120 0 1 158 1 0 0 0 0 0 0 0 109592820 3944231 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 10735 0 0 HERMAN SELLERS DIRECTOR 4.00 X 8685 0 0 JAMES W WATERS DIRECTOR/TREASURER 1.00 X X 10735 0 0 RL LEWIS JR DIRECTOR/CHAIRMAN 2.00 X X 33054 0 0 DAVID H BENNETT JR DIRECTOR 1.00 X 31104 0 0 SCOTT DAY DIRECTOR 5.00 X 11535 0 0 G HINSON MOSLEY DIRECTOR/VICE CHAIRMAN 4.00 X X 11535 0 0 JERRY BOATRIGHT DIRECTOR/SECRETARY 2.00 X 12535 0 0 HUGH L BRANTLEY DIRECTOR 7.00 X 2435 0 0 ROMEO A REYES PRESIDENT/CEO 40.00 X 208924 0 69788 MARK A JOHNSON VP CORP & SYS SERVICES 40.00 X 204994 0 68944 JOHNNY D ALLEN DIRECTOR OF LINE SERVICES 40.00 X 159936 0 58643 ROBERT K BENNETT JR DIRECTOR OF DISTRIBUTION S 40.00 X 162217 0 55723 RICHARD F URSREY ASST. DIRECTOR OF CUSTOMER 40.00 X 139099 0 36895 JOHN R SWEAT FLEET MATERIALS MANAGER 40.00 X 136954 0 53403 EARL B WILLIAMS IT MANAGER 40.00 X 148366 0 56550 LONNY WHITLEY SYSTEM SUPPORT MANAGER 40.00 X 136998 0 54589 JOSEPH CARTER LOSS CONTROL MANAGER 40.00 X 136397 0 53339 1566238 0 507874 10 0 1 0 PIKE ELECTRIC INC PO BOX 868 MT AIRY NC 27030 CONTRACTOR LABOR 2334054 TOWNSEND TREE SERVICE CO INC PO BOX 128 PARKER CITY IN 47368 RIGHT OF WAY CLEARING/TRIMMING 1231019 ASPLUNDH TREE EXPERT CO PO BOX 75090 CHARLOTTE NC 28275 RIGHT OF WAY CLEARING/TRIMMING 1088862 HELENA CHEMICAL COMPANY PO BOX 198153 ATLANTA GA 30384 RIGHT OF WAY CLEARING/SPRAYING 896286 D&T ALTMAN RIGHT OF WAY CONTRACTORS INC 802 S CHURCH STREET ALMA GA 31510 RIGHT OF WAY CLEARING/TRIMMING 591801 5 SALE OF ELECTRICITY 221000 109574118 109574118 POLE RENTAL 221000 860933 860933 110435051 1187897 1187897 48529 14418 34111 34111 34111 CAPITAL CREDIT ALLOCATIONS 221000 1861290 1861290 OTHER 221000 18702 18702 1879992 113537051 109592820 0 3944231 X 10487904 1300001 3806071 6637847 COST OF PURCHASED POWER 71886287 DISTRIBUTION EXPENSE - 7750990 CONSUMER ACCOUNTS EXPEN 4396317 DISTRIBUTION EXPENSE - 3972353 3299281 113537051 4626160 4748258 3745776 3785628 1335484 1419653 211387529 47254620 152752247 164132909 34984966 36392504 20838544 21275694 218283177 231754646 9300960 8125056 88254118 95187462 27880250 25351582 125435328 128664100 X 0 0 0 0 92847849 103090546 92847849 103090546 218283177 231754646 X 0 10242697 X X 0 1 X 1 0 378454 378454 211009075 47254620 163754455 164132909 INVESTMENTS - OTHER ASSOCIATED ORGANIZATIONS 2668014 C PATRONAGE CAPITAL - OPC 23718728 C PATRONAGE CAPITAL - GTC 6129748 C PATRONAGE CAPITAL - GSOC 7006 C ECONOMIC DEVELOPMENT FUNDS 260000 C OTHER 11916 C PATRONAGE CAPITAL - NRUCFC 1760728 C PATRONAGE CAPITAL - SMARR 661922 C PATRONAGE CAPITAL - GRESCO 489506 C PATRONAGE CAPITAL - COBANK 684936 C 36392504 PREPAYMENTS 9053151 INTEREST RECEIVABLE 140691 REGULATORY ASSET 3096393 R&S PREPAYMENT 2549837 DEFERRED DEBITS 247622 ACCRUED UTILITY REVENUES 6188000 21275694 CUSTOMER DEPOSITS 2207516 ACCRUED POSTRETIREMENT BENEFITS 13967243 DEFERRED CREDITS 368950 OTHER CURRENT/ACCRUED EXPENSES 1969677 NATURAL GAS HEDGE LIABILITY 6838196 25351582 X 113537051 0 113537051 0 113537051 103049147 0 103049147 10487904 10487904 113537051 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 10,487,904. X 0 0 0 ROMEO A REYES PRESIDENT/CEO 200272 0 8652 0 0 0 36365 0 33423 0 278712 0 0 0 MARK A JOHNSON VP CORP & SYS SERVICES 196625 0 8369 0 0 0 35721 0 33223 0 273938 0 0 0 JOHNNY D ALLEN DIRECTOR OF LINE SERVICES 153458 0 6478 0 0 0 28036 0 30607 0 218579 0 0 0 ROBERT K BENNETT JR DIRECTOR OF DISTRIBUTION S 155739 0 6478 0 0 0 26244 0 29479 0 217940 0 0 0 RICHARD F URSREY ASST. DIRECTOR OF CUSTOMER 133553 0 5546 0 0 0 23972 0 12923 0 175994 0 0 0 JOHN R SWEAT FLEET MATERIALS MANAGER 131408 0 5546 0 0 0 23924 0 29479 0 190357 0 0 0 EARL B WILLIAMS IT MANAGER 142364 0 6002 0 0 0 25943 0 30607 0 204916 0 0 0 LONNY WHITLEY SYSTEM SUPPORT MANAGER 131452 0 5546 0 0 0 23982 0 30607 0 191587 0 0 0 JOSEPH CARTER LOSS CONTROL MANAGER 130851 0 5546 0 0 0 23860 0 29479 0 189736 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 2,914,779. CUSTOMER SERVICE/INFORMATIONAL 301,856. OTHER DEDUCTIONS 47,241. SALES EXPENSE 35,405. Form 990, Part XI, line 9: INCREASE IN MEMBERSHIPS 580. OTHER COMPREHENSIVE INCOME 2,373,458. RETIREMENTS OF MEMBERS CAPITAL CREDITS -3,158,341. INCREASE IN GAINS FROM RETIRED CAPITAL CREDITS 539,096. PATRONAGE CAPITAL ALLOCATED TO MEMBERS 10,487,904. 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 124179 CASH TRANSFERRED TO FOUNDATION