GREYSTONE POWER CORPORATION AN ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- GREYSTONE POWER CORPORATION AN ELECTRIC MEMBERSHIP CORPORATION (EIN 58-0224655)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-10-30
- IRS object ID
- 201533039349300113
- Schema version
- 2014v5.0
- 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 | 2015-10-30T08:26:25-05:00 | ReturnTs |
| Tax Period End | 2014-12-31 | 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 | 2014-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 580224655 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREYSTONE POWER CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GREY | BusinessNameControlTxt |
| Phone | 7709426576 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 897 | AddressLine1Txt |
| City | DOUGLASVILLE | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30133 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GARY A MILLER | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 7709426576 | PhoneNum |
| Signature | 2015-10-30 | 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 | 2015-10-30 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-04-25 22:37:26Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | GARY A MILLER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 897 | AddressLine1Txt |
| City | DOUGLASVILLE | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30133 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $284,717,365 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.GREYSTONEPOWER.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1936 | FormationYr |
| Legal Domicile State | GA | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE RELIABLE AND COST-COMPETITIVE ELECTRIC AND RELATED SERVICES THAT POSITION THE COOPERATIVE AS THE UTILITY OF CHOICE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 265 | TotalEmployeeCnt |
| Total Gross UBI | $649,583 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $267,930,395 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $280,981,049 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,175,786 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,776,417 | CYInvestmentIncomeAmt |
| PY Other Revenue | $648,178 | PYOtherRevenueAmt |
| CY Other Revenue | $959,899 | CYOtherRevenueAmt |
| PY Total Revenue | $270,754,359 | PYTotalRevenueAmt |
| CY Total Revenue | $284,717,365 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $13,111,048 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $12,950,283 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $753,876 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $782,124 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $256,889,435 | PYOtherExpensesAmt |
| CY Other Expenses | $270,984,958 | CYOtherExpensesAmt |
| PY Total Expenses | $270,754,359 | PYTotalExpensesAmt |
| CY Total Expenses | $284,717,365 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $481,751,174 | TotalAssetsBOYAmt |
| Total Assets EOY | $489,058,671 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $280,454,468 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $279,645,953 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $201,296,706 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $209,412,718 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE RELIABLE AND COST-COMPETITIVE ELECTRIC AND RELATED SERVICES THAT POSITION THE COOPERATIVE AS THE UTILITY OF CHOICE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. | 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 | false | 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 | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 130 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 265 | 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 | $276,970,575 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $4,459,733 | 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 | false | 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 | GARY A MILLER | PersonNm |
| Phone | 7709426576 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4040 BANKHEAD HIGHWAY | AddressLine1Txt |
| City | DOUGLASVILLE | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 30134 | 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 | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JENNIFER DENYSE | |||||||
| CHAIRMAN | 3.10 | Yes (X) | Yes (X) | $23,236 | $0 | $0 | |
| MILTON JONES | |||||||
| SEC/TREASURE | 2.90 | Yes (X) | Yes (X) | $23,163 | $0 | $0 | |
| J CALVIN EARWOOD | |||||||
| DIRECTOR | 2.90 | Yes (X) | $25,016 | $0 | $0 | ||
| J EDWIN GARRARD | |||||||
| DIRECTOR | 2.80 | Yes (X) | $24,255 | $0 | $0 | ||
| L BURNELL REDDING | |||||||
| DIRECTOR | 2.80 | Yes (X) | $21,771 | $0 | $0 | ||
| CHARLES E RUTLAND | |||||||
| DIRECTOR | 3.10 | Yes (X) | $26,120 | $0 | $0 | ||
| JOHN A WALTON | |||||||
| DIRECTOR | 1.30 | Yes (X) | $21,312 | $0 | $0 | ||
| MARIBETH WANSLEY | |||||||
| DIRECTOR | 1.20 | Yes (X) | $21,223 | $0 | $0 | ||
| JIM JOHNS | |||||||
| DIRECTOR | 1.60 | Yes (X) | $22,660 | $0 | $0 | ||
| GARY A MILLER | |||||||
| PRESIDENT & | 50.00 | Yes (X) | $465,939 | $0 | $107,429 | ||
| BILLY J SHARPTON | |||||||
| VP-OPS/ENGIN | 40.00 | $225,388 | $0 | $55,419 | Yes (X) | ||
| BYRON HUNTER | |||||||
| VP-MKTG/MBR | 40.00 | $204,107 | $0 | $68,479 | Yes (X) | ||
| KARA PEARSON | |||||||
| VP-FINANCIAL | 40.00 | $185,701 | $0 | $41,735 | Yes (X) | ||
| TIM WILLIAMS | |||||||
| VP-CORP & EX | 40.00 | $180,478 | $0 | $63,312 | Yes (X) | ||
| JAMES WRIGHT | |||||||
| VP -CORP SER | 40.00 | $150,065 | $0 | $24,030 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,620,434 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $360,404 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 27 | 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 |
|---|---|---|---|---|---|
| THOMPSON CONTRACTING | |||||
| 1177 JIM STARR RD | NEWNAN | GA | 30263 | RIGHT-OF-WAY | $1,802,883 |
| PIKE ELECTRIC LLC | |||||
| 100 PIKE WAY | MOUNT AIRY | NC | 27030 | LINE CONSTR | $1,149,186 |
| EXCELERON SOFTWARE LLC | |||||
| 8144 WALNUT HILL LN SUITE 905 | DALLAS | TX | 75231 | PREPAID UTILITY | $349,182 |
| LANDIS GYR TECHNOLOGIES | |||||
| 26366 NETWORK PLACE | CHICAGO | IL | 60673 | METER SOLUTIONS | $252,864 |
| ELWOOD STAFFING SERVICES | |||||
| PO BOX 1024 | COLUMBUS | IN | 47202 | TEMP STAFFING | $202,382 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 7 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ELECTRIC REVENUE | 221000 | $275,276,671 | $275,276,671 |
| POLE ATTACHMENTS | 221000 | $2,735,279 | $2,735,279 |
| OTHER ELECTRIC REVENUE | 221000 | $1,639,345 | $1,639,345 |
| PATRONAGE CAPITAL | 221000 | $1,329,754 | $1,329,754 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $280,981,049 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,776,417 | TotalRevenueColumnAmt |
| Exclusion | $2,776,417 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $310,316 | TotalRevenueColumnAmt |
| Exclusion | $310,316 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|
| ANCILLAY SERVICES | 900099 | $454,685 | $454,685 |
| COOPERATIVE CHOICE, LLC (K-1) | 900001 | $194,898 | $194,898 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $649,583 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $284,717,365 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $280,981,049 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $649,583 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,086,733 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,950,283 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $782,124 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,254,807 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,213,655 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $207,230,534 |
| OPERATIONS & MAINTENANCE | $15,368,522 |
| CONSUMER RELATED EXPENSES | $11,094,192 |
| ADMINISTRATIVE & GENERAL | $8,922,266 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,900,982 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $284,717,365 | 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 | $1,742,225 | BOYAmt |
| EOY | $915,678 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,937,977 | BOYAmt |
| EOY | $66,896,961 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,124,759 | BOYAmt |
| EOY | $18,412,704 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,681,467 | BOYAmt |
| EOY | $2,625,485 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,695,609 | BOYAmt |
| EOY | $26,640,768 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $455,059,563 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $104,666,337 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $343,443,392 | BOYAmt |
| EOY | $350,393,226 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $22,125,745 | BOYAmt |
| EOY | $23,173,849 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $481,751,174 | BOYAmt |
| EOY | $489,058,671 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,419,584 | BOYAmt |
| EOY | $18,473,891 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $236,504,453 | BOYAmt |
| EOY | $236,593,352 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,530,431 | BOYAmt |
| EOY | $24,578,710 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $280,454,468 | BOYAmt |
| EOY | $279,645,953 | 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 | $1,055,026 | BOYAmt |
| EOY | $1,075,830 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,268,421 | BOYAmt |
| EOY | $6,626,816 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $193,973,259 | BOYAmt |
| EOY | $201,710,072 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $201,296,706 | BOYAmt |
| EOY | $209,412,718 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $481,751,174 | BOYAmt |
| EOY | $489,058,671 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $8,116,012 | 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) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| 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 | $6,585,885 | OtherCostOrOtherBasisAmt |
| Book Value | $6,585,885 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $448,473,678 | OtherCostOrOtherBasisAmt |
| Depreciation | $104,666,337 | DepreciationAmt |
| Book Value | $343,807,341 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $350,393,226 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (8 entries)
| DescDesc | AmtAmt |
|---|---|
| CONSUMER DEPOSITS | $18,418,369 |
| FRANCHISE TAXES | $1,394,572 |
| SALES TAXES | $1,147,540 |
| ACCRUED VACATION | $898,896 |
| OTHER DEFERRED CREDITS | $730,220 |
| ACCRUED COMP. ABSENCE | $689,277 |
| PROPERTY TAXES | $663,456 |
| ACCUM PROV FOR PENSION & BENEFITS | $636,380 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $24,578,710 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE D, PAGE 4, PART XIII | FormAndLineReferenceDesc |
| Explanation | GREYSTONE'S FISCAL YEAR IS AUGUST 31ST. GREYSTONE'S FINANCIAL STATEMENTS WERE AUDTITED AT AUGUST 31, 2014 AND 2013. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| GARY A MILLER | ||||||
| PRESIDENT & CEO | $428,488 | $360 | $37,091 | $92,779 | $14,650 | $573,368 |
| BILLY J SHARPTON | ||||||
| VP-OPS/ENGINEERING | $215,493 | $360 | $9,535 | $45,958 | $9,461 | $280,807 |
| BYRON HUNTER | ||||||
| VP-MKTG/MBR SVCS | $187,048 | $360 | $16,699 | $53,982 | $14,497 | $272,586 |
| KARA PEARSON | ||||||
| VP-FINANCIAL SERVS | $182,275 | $360 | $3,066 | $24,451 | $17,284 | $227,436 |
| TIM WILLIAMS | ||||||
| VP-CORP & EXT AFFAIR | $169,145 | $360 | $10,973 | $46,406 | $16,906 | $243,790 |
| JAMES WRIGHT | ||||||
| VP -CORP SERVICES | $149,477 | $360 | $228 | $6,949 | $17,081 | $174,095 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | THE COOPEERATIVE 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 COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A 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 ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 11B | FORM 990 IS REVIEWED BY THE BOARD AS PROVIDED FOR IN BOARD POLICY NO. 207, WHICH IS INCLUDED AS A PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE RELATED TO POTENTIAL CONFLICTS OF INTEREST AS PROVIDED FOR IN THE FOLLOWING POLICIES WHICH IS INCLUDED AS A PART OF THIS RETURN: POLICY NO. 111 - DIRECTOR CONFLICT OF INTEREST POLICY NO. 444 - CONFLICT OF INTEREST - OFFICERS AND KEY EMPLOYEES POLICY NO. 113 - STANDARDS OF CONDUCT - DIRECTORS POLICY NO. 118 - NEPOTISM - DIRECTORS THE COOPERATIVE ALSO HAS A "DIRECTORS CODE OF CONDUCT" WHICH IS ALSO INCLUDED AS PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 15A | CEO COMPENSATION IS REVIEWED AND APPROVED AS PROVIDED FOR IN BOARD POLICY NO. 125, WHICH IS INCLUDED AS A 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 NO. 126, WHICH IS INCLUDED AS A PART OF THIS RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE COOPERATIVE'S POLICY NO. 109 - MEMBER ACCESS TO COOPERATIVE INFORMATION, WHICH IS INCLUDED AS PART OF THIS RETURN, DETAILS HOW MEMBERS MAY OBTAIN COOPERTIVE INFORMATION. |
| FORM 990, PART XI, LINE 9 | MEMBERSHIP FEES 20,803 PATRONAGE CAPITAL CREDITS PAID TO MEMBER ACCOUNTS 12,950,283 PATRONAGE CAPITAL RETIRED -5,213,469 CHANGES IN OTHER EQUITIES 358,395 |