2025-11-17T15:09:57-06:00 2024-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 400 CORDER ROAD WARNER ROBINS GA 310887166 990 2024-01-01 580417350 THE SATILLA RURAL ELECTRIC MEMBERSHIP CORPORATION SATI 9126327222 PO Box 906 Alma GA 315101006 ROMEO REYES PRESIDENT/CEO 9126327222 2025-11-17 1 0 CAL BRANTLEY CPA P00636393 4789293888 2025-11-17 2024 2025-03-06 01:10:19Z ROMEO REYES 928 HIGHWAY 32 EAST ALMA GA 31510 156191986 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 8 173 0 0 0 0 0 135300856 150659243 529760 542773 5252413 4935676 141083029 156137692 0 0 11287366 18986228 2073344 2479246 0 0 0 127722319 134672218 141083029 156137692 0 0 390356814 548987399 255109601 395537681 135247213 153449718 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 156137692 TO FURNISH OUR MEMBERS WITH DEPENDABLE ELECTRIC SERVICE AT THE LOWEST COST POSSIBLE. 156137692 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 63 0 1 173 1 0 0 0 0 0 0 0 140920730 5478449 0 0 0 X 8 8 1 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 0 0 0 GA X JENNIFER GAINEY DIR OF ADMINISTRAT 9126327222 928 GA HWY 32 EAST ALMA GA 31510 THOMAS J MORRIS DIRECTOR/VICE-CHAIRMAN 1.00 X X 13268 0 0 JAMES W WATERS DIRECTOR/TREASURER 1.00 X X 12368 0 0 RL LEWIS JR DIRECTOR/CHAIRMAN 2.00 2.00 X X 20064 0 0 DAVID H BENNETT JR DIRECTOR 1.00 X 20064 0 0 SCOTT DAY DIRECTOR 1.00 X 12668 0 0 JERRY BOATRIGHT DIRECTOR/SECRETARY 1.00 X X 13268 0 0 HUGH L BRANTLEY DIRECTOR 2.00 2.00 X 13268 0 0 J MATT BENNETT DIRECTOR 2.00 X 12368 0 0 ROMEO A REYES PRESIDENT/CEO 40.00 X 393946 0 108493 JENNIFER LYNN GAINEY DIRECTOR, ADMIN SERVICES 40.00 X 242044 0 81875 SAMUEL L BOATRIGHT DIRECTOR, LINE SERVICES 40.00 X 202055 0 72445 ROBERT K BENNETT JR DIRECTOR OF DISTRIBUTION S 40.00 X 236455 0 78088 James Tucker Jr Director of Customer Servi 40.00 X 233461 0 81592 JOHN R SWEAT DIRECTOR, SYSTEM SERVICES 40.00 X 233260 0 76636 EARL B WILLIAMS IT MANAGER 40.00 X 242328 0 79263 KEVIN D PEACOCK AMI MANAGER 40.00 X 198071 0 74855 DAVID DAVIS ROW DISTRICT COORDINATOR 40.00 X 189437 0 74394 DAVID WALKER ENGINEERING MANAGER 40.00 X 205531 0 76689 BRIAN SCOTT MIKELL LINE FOREMAN 40.00 X 228463 0 65618 JARVIS MARCHANT DISTRIC COORDINATOR 40.00 X 177851 0 45790 2900238 0 915738 86 0 1 0 PIKE ENTERPRISES LLC PO BOX 746308 ATLANTA GA 303746308 CONTRACT LABOR 22348359 BIGHAM CABLE CONSTRUCTION 3171 GULF BREEZE PARKWAY GULF BREEZE FL 32563 FIBER NETWORK CONSTRUCTION 17413308 ASPLUNDH TREE EXPERT CO PO BOX 827464 PHILADELPHIA PA 19182 LINE MAINTENANCE 5705533 CONEXON LLC 2001 GRAND BLVD STE 700 KANSAS CITY MO 64108 FIBER NETWORK CONSTRUCTION 4110849 BENTON TECHNICAL SERVICES PO BOX 874654 KANSAS CITY MO 64187 fIBER NETWORK CONSTRUCTION 3357533 23 SALE OF ELECTRICITY 221000 140920730 140920730 ELECTRIC SYSTEM ACCESS REVENUE 221000 8681313 8681313 POLE RENTAL 221000 1057200 1057200 150659243 254909 254909 745093 745093 342158 54294 287864 287864 287864 CAPITAL CREDIT ALLOCATIONS 221000 4164346 4164346 OTHER 221000 26237 26237 4190583 156137692 141979924 0 14157768 X 18986228 2479246 11799230 12280209 COST OF PURCHASED POWER 82346127 DISTR EXP - MAINTENANCE 12469585 DISTR EXP - OPERATIONS 6641588 CONSUMER ACCOUNTS EXPEN 5526270 3609209 156137692 9423618 8396220 5946744 7958445 13254079 13501108 2467262 114344462 401824259 61143035 300735999 340681224 49503330 53076096 9025782 11029844 390356814 548987399 15786040 77874012 216983110 293068095 22340451 24595574 255109601 395537681 X 0 0 0 0 135247213 153449718 135247213 153449718 390356814 548987399 X 0 18202505 X X 0 1 X 1 0 404405 404405 401419854 61143035 340276819 340681224 INVESTMENTS - OTHER ASSOCIATED ORGANIZATIONS 1700135 C PATRONAGE CAPITAL - OPC 31735027 C PATRONAGE CAPITAL - GTC 9629324 C PATRONAGE CAPITAL - GSOC 7024 C PATRONAGE CAPITAL - NRUCFC 2378625 C PATRONAGE CAPITAL - SMARR 854794 C PATRONAGE CAPITAL - GRESCO 4603885 C PATRONAGE CAPITAL - COBANK 1169669 C PATRONAGE CAPITAL - MERIDIAN 417632 C PATRONAGE CAPITAL - FEDERATED 578485 C PATRONAGE CAPITAL - NRTC 1496 C 53076096 CUSTOMER DEPOSITS 4278038 ACCRUED POSTRETIREMENT BENEFITS 14271126 DEFERRED CREDITS 742049 OTHER CURRENT/ACCRUED EXPENSES 5304361 24595574 X 155427723 0 155427723 709969 709969 156137692 136441495 0 136441495 19696197 19696197 156137692 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 XI, Line 4b - Other Adjustments: POSTRETIREMENT BENEFITS EXPENSE NETTED AGAINST NONOPERATING MARGINS IN FS 709,969. Part XII, Line 4b - Other Adjustments: PATRONAGE CAPITAL ALLOCATED TO MEMBERS 18,986,228. POSTRETIREMENT BENEFITS EXPENSE NETTED AGAINST NONOPERATING MARGINS IN FS 709,969. X 0 0 0 ROMEO A REYES PRESIDENT/CEO 324286 0 13558 0 56102 0 67867 0 40626 0 502439 0 0 0 JENNIFER LYNN GAINEY DIRECTOR, ADMIN SERVICES 201351 0 8303 0 32390 0 44245 0 37630 0 323919 0 0 0 EARL B WILLIAMS IT MANAGER 205822 0 8303 0 28203 0 44134 0 35129 0 321591 0 0 0 James Tucker Jr Director of Customer Servi 200391 0 8303 0 24767 0 43823 0 37769 0 315053 0 0 0 ROBERT K BENNETT JR DIRECTOR OF DISTRIBUTION S 207823 0 8303 0 20329 0 43799 0 34289 0 314543 0 0 0 JOHN R SWEAT DIRECTOR, SYSTEM SERVICES 195650 0 8020 0 29590 0 41507 0 35129 0 309896 0 0 0 BRIAN SCOTT MIKELL LINE FOREMAN 223817 0 4646 0 0 0 29477 0 36141 0 294081 0 0 0 DAVID WALKER ENGINEERING MANAGER 166838 0 7170 0 31523 0 37174 0 39515 0 282220 0 0 0 SAMUEL L BOATRIGHT DIRECTOR, LINE SERVICES 165742 0 6883 0 29430 0 35620 0 36825 0 274500 0 0 0 KEVIN D PEACOCK AMI MANAGER 162311 0 6868 0 28892 0 35711 0 39144 0 272926 0 0 0 DAVID DAVIS ROW DISTRICT COORDINATOR 154485 0 6582 0 28370 0 34291 0 40103 0 263831 0 0 0 JARVIS MARCHANT DISTRIC COORDINATOR 147644 0 5986 0 24221 0 31367 0 14423 0 223641 0 0 0 Form 990, Part VI, Section A, line 2 1. BOARD MEMBER DAVID H. BENNETT, JR. HAS A CERTIFIED PUBLIC ACCOUNTING FIRM AND THIS FIRM PREPARES TAX RETURNS FOR OTHER BOARD MEMBERS. 2. BOARD MEMBER JAMES W. WATERS IS A MINORITY SHAREHOLDER OF FIRST SOUTHERN BANK, AND FIRST SOUTHERN BANK SERVES AS A DEPOSITORY INSTITUTION FOR THE CORPORATION. 3. BOARD MEMBER JERRY BOATRIGHT IS THE FATHER OF SAMMY BOATRIGHT, DIRECTOR OF LINE SERVICES. 4. CERTAIN BOARD MEMBERS ALSO SERVE ON THE BOARD OF DIRECTORS FOR CERTAIN PROGRAM RELATED ORGANIZATIONS, SUCH AS OGLETHORPE POWER CORPORATION, GEORGIA TRANSMISSION CORPORATION AND GEORGIA SYSTEMS OPERATIONS CORPORATIONS. THESE BOARD MEMBERS MAY RECEIVE COMPENSATION FOR THEIR SERVICES DIRECTLY FROM THESE RELATED ORGANIZATIONS. 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 BY THE BOARD OF DIRECTORS PRIOR TO THE FILING OF THE RETURN. 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 15 COMPENSATION FOR OFFICERS AND 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 2,820,991. OTHER DEDUCTIONS 709,969. OTHER POSTRETIREMENT BENEFITS 78,249. Form 990, Part XI, line 9: INCREASE IN MEMBERSHIPS 460. OTHER COMPREHENSIVE INCOME 1,451,460. RETIREMENT OF MEMBERS CAPITAL CREDITS -2,859,714. INCREASE IN GAINS FROM RETIRED CAPITAL CREDITS 959,880. PATRONAGE CAPITAL ALLOCATED TO MEMBERS 18,986,228. OTHER EQUITIES -335,809. FORM 990 PART XII, LINE 2C EXPLANATION 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) Line 7 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 336297 CASH TRANSFERRED TO FOUNDATION