2015-11-13T06:56:07-06:00 2015-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2014-07-01 580370240 NORTH GEORGIA ELECTRIC MEMBERSHIP CORPORATION NORT 7062599441 PO BOX 1407 DALTON GA 307221407 KATHRYN D WEST PRESIDENT AND CEO 7062593394 2015-11-11 1 KIM HUSKEY CPA P00958962 4237567771 2015-11-11 2014 2016-02-25 16:41:14Z KATHRYN D WEST PO BOX 1407 DALTON GA 307221407 249113462 0 X WWW.NGEMC.COM X 1936 GA TO PROMOTE AND ENCOURAGE THE USE OF ELECTRIC ENERGY AND MAKE IT AVAILABLE TO CONSUMERS AT THE LOWEST POSSIBLE COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. 7 7 202 0 0 0 0 0 237215542 239243914 678286 2472287 7557993 7397261 245451821 249113462 0 0 0 0 11916581 14005575 0 0 0 222428040 227137309 234344621 241142884 11107200 7970578 341292110 346165440 177747779 174647471 163544331 171517969 TO PROMOTE AND ENCOURAGE THE USE OF ELECTRIC ENERGY AND MAKE IT AVAILABLE TO CONSUMERS AT THE LOWEST POSSIBLE COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. 0 0 241142884 TO PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO MEMBERS. 241142884 0 0 0 0 0 0 0 0 0 1 1 0 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 0 0 0 1 97 0 202 1 0 0 0 0 0 0 0 246791968 2321492 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X KATHRYN D WEST 7062593394 1850 CLEVELAND ROAD DALTON GA 30722 GERALD G LOWERY CHAIRMAN OF BOARD 11.00 X 11995 0 0 JOHN HOWARD SECRETARY/TREASURER 15.00 X 9020 0 0 TED CLARK VICE CHAIRMAN 8.00 X 9015 0 0 MARVIN L HOLSONBACK DIRECTOR 8.00 X 2125 0 0 E DEAN SMITH JR DIRECTOR 11.00 X 8080 0 0 DR GEORGE GALLAGHER DIRECTOR 10.00 X 2150 0 0 KATHY WELCH DIRECTOR 8.00 X 8825 0 0 WILLIAM LARRY KEOWN DIRECTOR 12.00 X 7810 0 0 KATHRYN D WEST PRESIDENT AND CEO 60.00 X 203557 0 167200 STEPHANIE HOLDER VP, MEMBER SERVICES 60.00 X 123692 0 91353 PAUL RUDD VP, ENGINEERING AND OPERATIONS 60.00 X 120627 0 186196 RONALD HUTCHINS EXECUTIVE STAFF CONSULTANT 60.00 X 185987 0 33906 GENE FRANKLIN EXECUTIVE STAFF CONSULTANT 60.00 X 159189 0 0 852072 0 478655 5 0 1 0 WA KENDALL & CO INC PO BOX 831 LAWRENCEVILLE GA 30046 CONSTRUCTION CONTRACTOR 5035355 MARBLE-PIRKLE SERVICES LLC PO BOX 3178 CLEVELAND TN 37320 SUBSTATION/JOB CONTRACTOR 2596155 SUMTER UTILITIES INC PO BOX 846391 DALLAS TX 35284 CONSTRUCTION CONTRACTOR 1922772 SILVEY ENTERPRISES INC PO BOX 890093 CHARLOTTE NC 282890093 SUBSTATION CONTRACTOR 582042 TOWNSEND TREE SERVICE PO BOX 128 PARKER CITY IN 473680128 RIGHT OF WAY CONTRACTOR 475000 18 RESIDENTIAL SALES 221000 151530467 151530467 LARGE COMMERCIAL 221000 66469324 66469324 SMALL COMMERCIAL 221000 17109115 17109115 OUTDOOR LIGHTING 221000 3625199 3625199 UNBILLED ELECTRIC SALES 221000 509809 509809 239243914 2472287 2472287 4749554 0 4749554 4749554 4749554 2647707 2647707 2647707 249113462 249113462 0 0 11704454 2301121 272205 30616 889330 5248623 13473415 268028 COST OF POWER 190433385 DISTRIBUTION - MAINTENA 10037475 DISTRIBUTION - OPERATIO 9023830 CONSUMER ACCOUNTS 4157648 -6697246 241142884 4279519 7567038 19482303 19283722 7160676 7008431 1305930 1082513 11966336 6876747 379858615 103060833 269738449 276797782 24051000 24051000 3307897 3498207 341292110 346165440 17387104 21631896 152952453 145190647 7408222 7824928 177747779 174647471 X 813690 816750 0 0 162730641 170701219 163544331 171517969 341292110 346165440 X 7970578 3060 X X 0 1 X 1 0 2787337 2787337 8857849 2781509 6076340 362404736 100279324 262125412 5808693 5808693 276797782 CFC - COMMERCIAL PAPER 24051000 F 24051000 CUSTOMER DEPOSITS 4845112 POST RETIREMENT BENEFITS 2979816 7824928 X 249113462 0 249113462 0 249113462 241142884 0 241142884 0 241142884 PART X, LINE 2: NOTE 21 UNCERTAIN TAX POSITIONS NGEMC FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF ASC TOPIC 740, INCOME TAXES. NGEMC HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING DISCLOSURE, AND THERE ARE NO MATERIAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS. NGEMC'S EVALUATION WAS PERFORMED FOR TAX YEARS ENDED JUNE 30, 2012 THROUGH JUNE 30, 2015, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2015. SCHEDULE D, PART VI, LINE 1E OTHER ASSETS IS MADE UP OF CONSTRUCTION AND RETIREMENT WORK IN PROGRESS. X X X 0 0 0 KATHRYN D WEST PRESIDENT AND CEO 203557 0 0 0 0 0 153225 0 13975 0 370757 0 0 0 STEPHANIE HOLDER VP, MEMBER SERVICES 123692 0 0 0 0 0 73725 0 17628 0 215045 0 0 0 PAUL RUDD VP, ENGINEERING AND OPERATIONS 120627 0 0 0 0 0 168568 0 17628 0 306823 0 0 0 RONALD HUTCHINS EXECUTIVE STAFF CONSULTANT 185987 0 0 0 0 0 19931 0 13975 0 219893 0 0 0 GENE FRANKLIN EXECUTIVE STAFF CONSULTANT 159189 0 0 0 0 0 0 0 0 0 159189 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 NGEMC HAS 98,416 CUSTOMERS TO WHICH IT PROVIDES POWER. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS OF NGEMC THROUGH A DEMOCRATIC PROCESS. FORM 990, PART VI, SECTION B, LINE 11 NGEMC'S BOARD OF DIRECTORS WILL REVIEW THE 990 BEFORE SUBMITTING IT TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO DISCLOSE ANUALLY ANYTHING THAT IS CONSIDERED TO BE A CONFLICT OF INTEREST AS DEFINED BY NGEMC'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS YEARLY. THE BOARD ALSO APPROVES THE COMPENSATION FOR MANAGEMENT ON A YEARLY BASIS. FORM 990, PART VI, SECTION C, LINE 19 NGEMC WILL PROVIDE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: MEMBERSHIP INCREASE DURING YEAR 3,060. FORM 990, PART XII, LINE 2C AUDIT PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR.