COBB ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- COBB ELECTRIC MEMBERSHIP CORPORATION (EIN 58-0198155)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-11-14
- IRS object ID
- 201643199349302569
- Schema version
- 2015v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-11-14T09:31:02-06:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 581094351 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | POST OFFICE BOX ONE | AddressLine1Txt |
| City | MACON | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 312020001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 580198155 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COBB ELECTRIC MEMBERSHIP CORP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | COBB | BusinessNameControlTxt |
| Phone | 7704292100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 369 | AddressLine1Txt |
| City | MARIETTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 300610369 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILLIE T NELSON | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 6783553005 | PhoneNum |
| Signature | 2016-11-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WILLIAM R ROUNTREE | PreparerPersonNm |
| PTIN | P01231836 | PTIN |
| Phone | 4787466277 | PhoneNum |
| Preparation | 2016-11-14 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ATTN ROBERT STEELE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | WILLIE T NELSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 EMC PARKWAY | AddressLine1Txt |
| City | MARIETTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30060 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $412,980,142 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | HTTPS://WWW.COBBEMC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Activity Or Mission | COBB EMC COMMITS TO SAFELY DELIVERING RELIABLE, COMPETITIVELY PRICED ELECTRICITY WHILE BEING ACCOUNTABLE TO OUR MEMBER-OWNERS THROUGH SOUND GOVERNANCE, MANAGEMENT, OPERATING PRACTICES AND IMPROVING QUALITY OF LIFE IN OUR LOCAL COMMUNITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 492 | TotalEmployeeCnt |
| Total Gross UBI | $17,767 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $16,767 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $422,363,713 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $411,120,211 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,683,831 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,560,428 | CYInvestmentIncomeAmt |
| PY Other Revenue | $465,828 | PYOtherRevenueAmt |
| CY Other Revenue | $299,503 | CYOtherRevenueAmt |
| PY Total Revenue | $424,513,372 | PYTotalRevenueAmt |
| CY Total Revenue | $412,980,142 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,725,095 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,173,376 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $416,437,726 | PYOtherExpensesAmt |
| CY Other Expenses | $381,951,713 | CYOtherExpensesAmt |
| PY Total Expenses | $418,162,821 | PYTotalExpensesAmt |
| CY Total Expenses | $384,125,089 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $6,350,551 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $28,855,053 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $871,014,666 | TotalAssetsBOYAmt |
| Total Assets EOY | $875,165,959 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $492,443,608 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $579,146,249 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $378,571,058 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $296,019,710 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | COBB EMC COMMITS TO SAFELY DELIVERING RELIABLE, COMPETITIVELY PRICED ELECTRICITY WHILE BEING ACCOUNTABLE TO OUR MEMBER-OWNERS THROUGH SOUND GOVERNANCE, MANAGEMENT, OPERATING PRACTICES AND IMPROVING QUALITY OF LIFE IN OUR LOCAL COMMUNITIES. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | COBB EMC COMMITS TO SAFELY DELIVERING RELIABLE, COMPETITIVELY PRICED ELECTRICITY WHILE BEING ACCOUNTABLE TO OUR MEMBER-OWNERS THROUGH SOUND GOVERNANCE, MANAGEMENT, OPERATING PRACTICES AND IMPROVING QUALITY OF LIFE IN OUR LOCAL COMMUNITIES. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 155 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 492 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $399,799,104 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $20,162,546 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (true) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT D STEELE | PersonNm |
| Phone | 7704292100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 EMC PARKWAY | AddressLine1Txt |
| City | MARIETTA | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30060 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| BRYAN BOYD | ||||||||
| CHAIRMAN | 25.00 | Yes (X) | Yes (X) | $70,770 | $0 | $0 | ||
| WILLIAM C SHARP III | ||||||||
| VICE CHAIRMA | 15.00 | Yes (X) | Yes (X) | $49,199 | $0 | $0 | ||
| DAVID MCCLELLAN | ||||||||
| SECRETARY/TR | 15.00 | Yes (X) | Yes (X) | $34,186 | $0 | $0 | ||
| KELLY P BODNER | ||||||||
| DIRECTOR | 15.00 | Yes (X) | $37,686 | $0 | $0 | |||
| ERIC BROADWELL | ||||||||
| DIRECTOR | 15.00 | Yes (X) | $47,186 | $0 | $0 | |||
| EDWARD CROWELL | ||||||||
| DIRECTOR | 15.00 | Yes (X) | $59,670 | $0 | $0 | |||
| CHARLES M SWANSON | ||||||||
| DIRECTOR | 15.00 | Yes (X) | $39,186 | $0 | $0 | |||
| DAVID V TENNANT | ||||||||
| DIRECTOR | 15.00 | Yes (X) | $50,758 | $0 | $0 | |||
| RUDY R UNDERWOOD | ||||||||
| DIRECTOR | 15.00 | Yes (X) | $38,098 | $0 | $0 | |||
| WILLIE T NELSON | ||||||||
| PRESIDENT & | 58.00 | Yes (X) | $530,271 | $0 | $1,216,366 | 2.00 | ||
| DAVID B JOHNSON | ||||||||
| COO | 58.00 | $374,154 | $0 | $140,422 | 2.00 | Yes (X) | ||
| ROBERT D STEELE | ||||||||
| CFO | 58.00 | $365,583 | $0 | $124,474 | 2.00 | Yes (X) | ||
| JAMEY HULSEY | ||||||||
| SR VP-ELEC O | 50.00 | $250,385 | $0 | $99,133 | Yes (X) | |||
| KEVAN ESPY | ||||||||
| VP-MKT/CORP | 50.00 | $213,358 | $0 | $70,562 | Yes (X) | |||
| TIM SOSEBEE | ||||||||
| VP-BUSINESS | 50.00 | $202,662 | $0 | $86,357 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,363,152 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $1,737,314 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 108 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Address Line2ContractorAddress/USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|
| ERNST YOUNG US LLP | ||||||
| 200 PLAZA DRIVE | SECAUCUS | NJ | 07094 | IT CONSULTANT | $2,108,797 | |
| CORUS360 | ||||||
| 130 TECHNOLOGY PKWY SOUTH | NORCROSS | GA | 30092 | IT CONSULTANT | $387,833 | |
| MARK RITE UTILITY SERVICES | ||||||
| 308 BREEZE CT | CANTON | GA | 30014 | UTILITY LOCATE | $311,321 | |
| NEXGEN UTILITY SOLUTIONS LLC | ||||||
| 4080 MGINNIS FERRY RD | ALPHARETTA | GA | 30005 | PWR CONSULTANT | $237,265 | SUITE 904 |
| CONVERGENT IDEAS | ||||||
| 626 YORKSHIRE RD NE | ATLANTA | GA | 30306 | ERP CONSULTING | $229,767 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 12 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| ELECTRIC REVENUE | 221000 | $399,799,104 | $399,799,104 | |
| PATRONAGE CAPITAL | 221000 | $8,981,598 | $8,981,598 | |
| POLE/TOWER RENTAL INCOME | $2,339,509 | $2,339,509 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $411,120,211 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,560,428 | TotalRevenueColumnAmt |
| Exclusion | $1,560,428 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $281,736 | RealAmt |
| Personal | $17,767 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $281,736 | RealAmt |
| Personal | $17,767 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $299,503 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $17,767 | UnrelatedBusinessRevenueAmt |
| Exclusion | $281,736 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $412,980,142 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $408,780,702 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $17,767 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,181,673 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,173,376 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,942,821 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,046,849 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $251,699,107 |
| ADMINISTRATIVE & GENERAL | $24,680,653 |
| DISTRIBUTION MAINTENANCE | $19,658,779 |
| CONSUMER ACCOUNTS | $17,862,033 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,061,471 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $384,125,089 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,190,210 | BOYAmt |
| EOY | $5,578,361 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,296,277 | BOYAmt |
| EOY | $1,659,261 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,745,283 | BOYAmt |
| EOY | $29,496,487 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,570,903 | BOYAmt |
| EOY | $4,570,903 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,963,246 | BOYAmt |
| EOY | $2,297,367 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,566,089 | BOYAmt |
| EOY | $2,562,708 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $868,452,791 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $275,656,606 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $589,350,923 | BOYAmt |
| EOY | $592,796,185 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $186,977,284 | BOYAmt |
| EOY | $193,845,114 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,082,500 | BOYAmt |
| EOY | $7,446,500 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,271,951 | BOYAmt |
| EOY | $34,913,073 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $871,014,666 | BOYAmt |
| EOY | $875,165,959 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,922,572 | BOYAmt |
| EOY | $36,943,715 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $425,121,852 | BOYAmt |
| EOY | $407,611,901 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $21,500,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,399,184 | BOYAmt |
| EOY | $113,090,633 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $492,443,608 | BOYAmt |
| EOY | $579,146,249 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $545,130 | BOYAmt |
| EOY | $521,485 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $378,025,928 | BOYAmt |
| EOY | $295,498,225 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $378,571,058 | BOYAmt |
| EOY | $296,019,710 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $871,014,666 | BOYAmt |
| EOY | $875,165,959 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $28,855,053 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | -$104,286,138 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$7,120,263 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,087,825 | OtherCostOrOtherBasisAmt |
| Book Value | $10,087,825 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $858,364,966 | OtherCostOrOtherBasisAmt |
| Depreciation | $275,656,606 | DepreciationAmt |
| Book Value | $582,708,360 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $592,796,185 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENTS IN ASSOCIATED ORGS | $158,298,462 | C |
| INVESTMENTS IN CTC'S | $32,485,968 | C |
| CFC MEMBER CAPITAL SECURITIES | $2,000,000 | C |
| U.S. CORPORATE BONDS | $1,060,684 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $193,845,114 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED PENSION COSTS | $97,922,427 |
| CONSUMER DEPOSITS | $12,844,653 |
| GAIN ON DEBT EXTINGUISHMENT | $2,293,663 |
| OTHER DEFERRED CREDITS | $29,890 |
| VOLUNTARY EARLY RETIREMENT LIABILITY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $113,090,633 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 4, PART XIII | FormAndLineReferenceDesc |
| Explanation | AUDITED AND REVIEWED FINANCIAL STATEMENTS: COBB EMC'S FISCAL YEAR IS APRIL 30TH. COBB EMC WAS INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS AT APRIL 30, 2016 AND 2015. IN ADDITION, COBB EMC'S FINANCIAL STATEMENTS ARE REVIEWED, AS PART OF CONSOLIDATED FINANCIAL STATEMENTS, BY AN INDEPENDENT ACCOUNTANT AT THE END OF EACH FISCAL QUARTER. THE INTERIM QUARTERLY REVIEW REPORTS ARE MADE AVAILABLE TO ALL MEMBER-OWNERS ON THE CORPORATION'S WEBSITE. THE AFOREMENTIONED SERVICES ARE OVERSEEN BY THE CORPORATION'S AUDIT COMMITTEE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|
| WILLIE T NELSON | |||||
| PRESIDENT & CEO | $515,459 | $14,812 | $1,200,000 | $16,366 | $1,746,637 |
| DAVID B JOHNSON | |||||
| COO | $357,032 | $17,122 | $115,821 | $24,601 | $514,576 |
| ROBERT D STEELE | |||||
| CFO | $350,669 | $14,914 | $99,873 | $24,601 | $490,057 |
| JAMEY HULSEY | |||||
| SR VP-ELEC OPS | $236,698 | $13,687 | $74,533 | $24,600 | $349,518 |
| KEVAN ESPY | |||||
| VP-MKT/CORP COMM | $197,330 | $16,028 | $62,137 | $8,425 | $283,920 |
| TIM SOSEBEE | |||||
| VP-BUSINESS OPS | $193,747 | $8,915 | $61,008 | $25,349 | $289,019 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE J, PAGE 1, PART I, LINE 1A | SOCIAL CLUB DUES PAID FOR PERSONS LISTED IN PART VII, SECTION A: MARIETTA COUNTRY CLUB: (1) WILLIE T. NELSON (PRESIDENT & CEO) - 4,543 GEORGIAN CLUB: (1) WILLIE T. NELSON (PRESIDENT & CEO) - 94 (2) ROBERT D. STEELE (CFO) - 1,128 (3) KEVAN ESPY (VP-MKT/CORP COMM) - 1,128 |
| SCHEDULE J, PAGE 1, PART I, LINE 4 | WILLIE T. NELSON 0 1,200,000 0 DAVID B. JOHNSON 0 32,376 0 ROBERT D. STEELE 0 16,428 0 |
| SCHEDULE J, PART III | EFFECTIVE MAY 1, 2014, COBB EMC ADOPTED A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP). THE SERP IS A NONQUALIFIED DEFERRED COMPENSATION PLAN THAT BENEFITS CERTAIN DESIGNATED COBB EMC EMPLOYEES WHO ARE WITHIN A SELECT GROUP OF KEY MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES. THE PURPOSE OF THE SERP IS TO RETAIN AND REWARD LONG SERVICE PERSONNEL, ATTRACT AND RETAIN MANAGEMENT EMPLOYEES AND TO RECTIFY THE EFFECT OF LIMITATIONS IMPOSED BY IRC SECTIONS 415 AND 401(A)(17). THE SERP CONTAINS CERTAIN VESTING PROVISIONS WHICH PARTICIPATING EMPLOYEES MUST MEET IN ORDER TO RECEIVE THE BENEFITS PROVIDED UNDER THE SERP. THE NONQUALIFIED AMOUNTS LISTED ABOVE WERE THE AMOUNTS ACCRUED UNDER THE PLAN IN 2015. THERE WERE NO DISTRIBUTIONS TO ANY PLAN PARTICIPANTS IN 2015. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (13 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | COBB EMC COMMITS TO SAFELY DELIVERING RELIABLE, COMPETITIVELY PRICED ELECTRICITY WHILE BEING ACCOUNTABLE TO OUR MEMBER-OWNERS THROUGH SOUND GOVERNANCE, MANAGEMENT, OPERATING PRACTICES AND IMPROVING QUALITY OF LIFE IN OUR LOCAL COMMUNITIES. |
| FORM 990 | 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 OF CERTAIN EXPENSES BASED ON LABOR CHARGES OR OTHER ALLOCATION BASES. AS A RESULT, IT WOULD REQUIRE SIGNIFICANT 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 THE STATEMENT OF FUNCTIONAL EXPENSES IN THE SAME MANNER IT REPORTS ITS FINANCIAL RESULTS TO LENDERS AND ITS MEMBER-OWNERS. |
| FORM 990, PAGE 6, PART VI, LINE 4 | THE CORPORATION'S MEMBERS APPROVED FOUR BYLAW AMENDMENTS AT THE SEPTEMBER 19, 2015 ANNUAL MEETING. A COPY OF THE REVISED BYLAWS IS ATTACHED TO THIS FORM. |
| FORM 990, PAGE 6, PART VI, LINE 6 | THE CORPORATION HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE CORPORATION'S MEMBERS DEMOCRATICALLY ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN THE CORPORATION'S BYLAWS WHICH ARE INCLUDED AS 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 THE CORPORATION'S BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 11B | FORM 990 IS REVIEWED BY THE FULL BOARD OF DIRECTORS PRIOR TO SUBMITTAL. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE CORPORATION REGULARY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE FOLLOWING POLICIES, WHIC ARE INCLUDED AS PART OF THIS RETURN: POLICY 602 - CONFLICT OF INTEREST POLICY 901 - EMPLOYEE CODE OF CONDUCT POLICY 911 - EMPLOYEES' OUTSIDE ACTIVITIES |
| FORM 990, PAGE 6, PART VI, LINE 15A | CEO COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS BASED ON THE CRITERIA OUTLINED IN BOARD POLICY 903, WHICH IS INCLUDED AS PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 15B | KEY EMPLOYEE COMPENSATION IS REVIEWED AND APPROVED AS PROVIDED FOR IN BOARD POLICY 908, A COPY OF WHICH IS INCLUDED AS A PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE CORPORATION 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 | IN PERFORMING THE VALUATION OF COBB EMC'S DEFINED BENEFIT PENSION PLAN LIABILITY FOR THE AUDIT YEAR ENDED APRIL 30, 2015, COBB EMC'S THIRD- PARTY ACTUARIAL FIRM DISCOVERED ERRORS IN THE METHODOLOGY THAT THEY HAD USED IN PRIOR YEAR CALCULATIONS, AS WELL AS THE OMISSION OF CERTAIN PLAN PROVISIONS. THE CUMULATIVE EFFECT OF THE PRIOR PERIOD ADJUSTMENT WAS A REDUCTION IN EQUITY OF 104,286,138. |
| FORM 990, PART XI, LINE 9 | WHOLLY-OWNED SUBSIDIARY EARNINGS 13,405,122 CHANGE IN DONATED CAPITAL 36,810 CHANGE IN MEMBERSHIP FEES -23,645 CAPITAL CREDIT RETIREMENTS -4,974,789 OTHER COMPRENSIVE LOSS -15,563,761 TOTAL -7,120,263 |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GAS SOUTH LLC | ||||||||||||
| PO BOX 4298 | ATLANTA | GA | 30302 | 203608242 | NAT GAS MA | GA | N/A | C CORP | $13,412,656 | $93,000,000 | 1.00000 | Yes (true) |
| COBB ENERGY MANAGEMENT CORPORATION | ||||||||||||
| 1000 EMC PARKWAY | MARIETTA | GA | 30060 | 582345061 | HOLDING CO | GA | N/A | C CORP | -$7,534 | $38,000 | 1.00000 | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | Yes (true) | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| GAS SOUTH LLC | ||
| F | $15,764,000 | COST |
| GAS SOUTH LLC | ||
| Q | $5,099,824 | COST |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R | FormAndLineReferenceDesc |
| Explanation | RELATED ORGANIZATIONS: COBB ENERGY MANAGEMENT CORPORATION (COBB ENERGY) WAS INCORPORATED IN THE STATE OF GEORGIA ON SEPTEMBER 3, 1997 TO PROVIDE VARIOUS SERVICES TO COBB ELECTRIC MEMBERSHIP CORPORATION (COBB EMC), ITS SUBSIDIARIES AND OTHER THIRD PARTIES. AS OF DECEMBER 31, 2015 COBB ENERGY MANAGEMENT CORPORATION HAS NO OPERATING ACTIVITIES. GAS SOUTH, LLC (GAS SOUTH) IS A CERTIFIED NATURAL GAS MARKETER IN THE STATE OF GEORGIA. AS SUCH, IT IS ALLOWED TO COMPETE TO SERVE CUSTOMERS WHO TAKE SERVICE ON ATLANTA GAS LIGHT'S (AGL) NATURAL GAS DISTRIBUTION PIPELINES WITHIN THE STATE OF GEORGIA. GAS SOUTH PURCHASES NATURAL GAS FROM WHOLESALE SUPPLIERS FOR DELIVERY TO THE CITYGATE WHERE AGL ASSUMES RESPONSIBILITY AND LIABILITY ASSOCIATED WITH THE DELIVERY OF NATURAL GAS TO GAS SOUTH'S CONSUMERS. AS OF DECEMBER 31, 2015, COBB EMC DIRECTORS BRYAN BOYD, ED CROWELL AND WILLIAM C. SHARP, III WERE ON THE GAS SOUTH MANAGEMENT COMMITTEE. IN ADDITION, THE FOLLOWING MEMBERS OF COBB EMC MANAGEMENT WERE ON THE GAS SOUTH MANAGEMENT COMMITTEE: WILLIE T. NELSON (CHAIR/COBB EMC- CEO), ROBERT D. STEELE (COBB EMC-CFO) AND DAVID JOHNSON (COBB EMC-COO). | ExplanationTxt |