2016-11-09T10:55:07-06:00 2015-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 400 CORDER ROAD WARNER ROBINS GA 310887166 990 2015-01-01 580417350 THE SATILLA RURAL ELECTRIC MEMBERSHIP CORPORATION SATI 9126327222 PO Box 906 Alma GA 315101006 ROMEO REYES PRESIDENT/CEO 9126327222 2016-10-27 1 CAL BRANTLEY CPA P00636393 4789293888 2016-10-20 2015 2017-02-10 21:41:12Z ROMEO REYES 928 HIGHWAY 32 EAST ALMA GA 31510 115792826 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 8 150 0 0 0 0 0 117216276 112841451 1056471 1159143 1688601 1775657 119961348 115776251 0 0 7421963 3514788 370255 813810 0 0 0 112169130 111447653 119961348 115776251 0 0 203798979 218283177 116644643 125435328 87154336 92847849 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 115776251 TO FURNISH OUR MEMBERS WITH DEPENDABLE ELECTRIC SERVICE AT THE LOWEST COST POSSIBLE. 115776251 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 22 0 1 150 1 0 0 0 0 0 0 0 115776251 4045354 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/SECRETARY 2.00 X X 12035 0 0 HERMAN SELLERS DIRECTOR 5.00 X X 11435 0 0 JAMES W WATERS DIRECTOR/TREASURER 5.00 X X 12035 0 0 RL LEWIS JR DIRECTOR/CHAIRMAN 2.00 X 31383 0 0 DAVID H BENNETT JR DIRECTOR 1.00 X 30433 0 0 SCOTT DAY DIRECTOR 5.00 X 12435 0 0 G HINSON MOSLEY DIRECTOR/VICE CHAIRMAN 4.00 X 12835 0 0 JERRY BOATRIGHT DIRECTOR 2.00 X 13185 0 0 ROMEO A REYES PRESIDENT/CEO 40.00 X 198837 0 65225 MARK A JOHNSON VP CORP & SYS SERVICES 40.00 X 194996 0 65435 JOHNNY D ALLEN DIRECTOR OF LINE SERVICES 40.00 X 154502 0 56051 ROBERT K BENNETT JR DIRECTOR OF DISTRIBUTION S 40.00 X 155993 0 51057 RICHARD F URSREY ASST. DIRECTOR OF CUSTOMER 40.00 X 134763 0 35958 JOHN R SWEAT FLEET MATERIALS MANAGER 40.00 X 132969 0 51021 BRUCE ROBERT RENTZ MEMBER SERVICES 40.00 X 132526 0 51021 EARL B WILLIAMS IT MANAGER 40.00 X 139106 0 53243 LONNY WHITLEY SYSTEM SUPPORT MANAGER 40.00 X 131909 0 52152 JULIAN RIGBY DIRECTOR 4.00 X 13999 0 0 1525376 0 481163 9 1 1 0 PIKE ELECTRIC INC PO BOX 868 MT AIRY NC 27030 CONTRACTOR LABOR 1690750 ASPLUNDH TREE EXPERT CO PO BOX 75090 CHARLOTTE NC 28275 RIGHT OF WAY CLEARING/TRIMMING 1203462 TOWNSEND TREE SERVICE CO INC PO BOX 128 PARKER CITY IN 47368 RIGHT OF WAY CLEARING/TRIMMING 1180603 HELENA CHEMICAL COMPANY PO BOX 198153 ATLANTA GA 30384 RIGHT OF WAY CLEARING/SPRAYING 669999 D&T ALTMAN RIGHT OF WAY CONTRACTORS INC 802 S CHURCH STREET ALMA GA 31510 RIGHT OF WAY CLEARING/TRIMMING 599487 5 SALE OF ELECTRICITY 221000 111680356 111680356 POLE RENTAL 221000 1161095 1161095 112841451 1107883 1107883 67835 16575 51260 51260 51260 CAPITAL CREDIT ALLOCATIONS 221000 1725116 1725116 OTHER 221000 50541 50541 1775657 115776251 111782157 0 3994094 3514788 813810 3490039 6225553 COST OF PURCHASED POWER 80482321 DISTRIBUTION EXPENSE - 7388423 DISTRIBUTION EXPENSE - 5901636 CONSUMER ACCOUNTS EXPEN 4282880 3676801 115776251 3483278 4626160 4695028 3745776 1298078 1335484 197200111 44447864 148685206 152752247 33594856 34984966 12042533 20838544 203798979 218283177 8390869 9300960 82102512 88254118 26151262 27880250 116644643 125435328 X 0 0 0 0 87154336 92847849 87154336 92847849 203798979 218283177 X 0 5693513 X X 0 1 X 1 0 197200111 44447864 152752247 152752247 INVESTMENTS - OTHER ASSOCIATED ORGANIZATIONS 874652 C PATRONAGE CAPITAL - OPC 22654728 C PATRONAGE CAPITAL - GTC 7298488 C PATRONAGE CAPITAL - GSOC 6880 C ECONOMIC DEVELOPMENT FUNDS 390000 C OTHER 15645 C PATRONAGE CAPITAL - NRUCFC 1704762 C PATRONAGE CAPITAL - SMARR 818798 C PATRONAGE CAPITAL - GRESCO 492255 C PATRONAGE CAPITAL - COBANK 728758 C 34984966 PREPAYMENTS 8041530 INTEREST RECEIVABLE 134643 REGULATORY ASSET 3492181 R&S PREPAYMENT 2731968 DEFERRED DEBITS 75222 ACCRUED UTILITY REVENUES 6363000 20838544 CUSTOMER DEPOSITS 2370964 ACCRUED POSTRETIREMENT BENEFITS 13699239 DEFERRED CREDITS 319153 OTHER CURRENT/ACCRUED EXPENSES 1978242 NATURAL GAS HEDGE LIABILITY 9512652 27880250 X 115776251 0 115776251 0 115776251 112261463 0 112261463 3514788 3514788 115776251 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 3,514,788. X 0 0 0 ROMEO A REYES PRESIDENT/CEO 190634 0 8203 0 0 0 34578 0 30647 0 264062 0 0 0 MARK A JOHNSON VP CORP & SYS SERVICES 186936 0 8060 0 0 0 33588 0 31847 0 260431 0 0 0 JOHNNY D ALLEN DIRECTOR OF LINE SERVICES 148151 0 6351 0 0 0 26820 0 29231 0 210553 0 0 0 ROBERT K BENNETT JR DIRECTOR OF DISTRIBUTION S 149642 0 6351 0 0 0 22954 0 28103 0 207050 0 0 0 RICHARD F URSREY ASST. DIRECTOR OF CUSTOMER 129325 0 5438 0 0 0 22974 0 12984 0 170721 0 0 0 JOHN R SWEAT FLEET MATERIALS MANAGER 127531 0 5438 0 0 0 22918 0 28103 0 183990 0 0 0 BRUCE ROBERT RENTZ MEMBER SERVICES 127088 0 5438 0 0 0 22918 0 28103 0 183547 0 0 0 EARL B WILLIAMS IT MANAGER 133221 0 5885 0 0 0 24012 0 29231 0 192349 0 0 0 LONNY WHITLEY SYSTEM SUPPORT MANAGER 126471 0 5438 0 0 0 22921 0 29231 0 184061 0 0 0 JULIAN RIGBY DIRECTOR 13999 0 0 0 0 0 0 0 0 0 13999 0 0 0 Form 990, Part VI, Section A, line 2 1. FORMER BOARD MEMBER JULIAN RIGBY'S DAUGHTER IS MARRIED TO THE SON OF HIGHLY COMPENSATED EMPLOYEE JOHNNY ALLEN. 2. 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 11 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 XI, line 9: INCREASE IN MEMBERSHIPS 1,460. DECREASE IN OTHER ACCUM COMPREHENSIVE LOSS -1,889,025. RETIREMENTS OF MEMBERS CAPITAL CREDITS -3,496,012. INCREASE IN GAINS FROM RETIRED CAPITAL CREDITS 1,015,302. PATRONAGE CAPITAL ALLOCATED TO MEMBERS 3,514,788. CHANGE IN ACCOUNTING PRINCIPLE 6,547,000. 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 95963 CASH TRANSFERRED TO FOUNDATION