2015-11-16T10:14:18-06:00 2014-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 400 CORDER ROAD WARNER ROBINS GA 310887166 990 2014-01-01 580417350 THE SATILLA RURAL ELECTRIC MEMBERSHIP CORPORATION SATI 9126327222 P O BOX 906 ALMA GA 315101006 ROMEO REYES PRESIDENT/CEO 9126327222 2015-11-13 1 MARLAN L NICHOLS P00634242 4789293888 2015-11-13 2014 2016-04-25 22:37:26Z ROMEO REYES 928 HIGHWAY 32 EAST ALMA GA 31510 119972260 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 8 152 0 0 0 0 0 114429220 117216276 782476 1056471 1765688 1688601 116977384 119961348 0 0 7895735 7421963 661916 370255 0 0 0 108419733 112169130 116977384 119961348 0 0 194029376 203498979 109005558 116644643 85023818 86854336 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 119961348 TO FURNISH OUR MEMBERS WITH DEPENDABLE ELECTRIC SERVICE AT THE LOWEST COST POSSIBLE. 119961348 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 31 0 1 152 1 0 0 0 0 0 0 0 116831002 3130346 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 8.00 X X 12467 0 0 HERMAN SELLERS DIRECTOR 5.00 X X 11067 0 0 JAMES W WATERS DIRECTOR/TREASURER 5.00 X X 11267 0 0 RL LEWIS JR DIRECTOR/CHAIRMAN 5.00 X 30203 0 0 DAVID H BENNETT JR DIRECTOR 2.00 X 27753 0 0 SCOTT DAY DIRECTOR 6.00 X 11067 0 0 G HINSON MOSLEY DIRECTOR/VICE CHAIRMAN 5.00 X 12667 0 0 JERRY BOATRIGHT DIRECTOR 6.00 X 864 0 0 ROMEO A REYES PRESIDENT/CEO 40.00 X 194844 0 57706 MARK A JOHNSON VP CORP & SYS SERVICES 40.00 X 186989 0 57880 JOHNNY D ALLEN DIRECTOR OF LINE SERVICES 40.00 X 151489 0 49914 ROBERT K BENNETT JR DIRECTOR OF DISTRIBUTION S 40.00 X 146601 0 43141 RICHARD F URSREY ASST. DIRECTOR OF CUSTOMER 40.00 X 131635 0 31493 JOHN R SWEAT FLEET MATERIALS MANAGER 40.00 X 130117 0 45593 BRUCE ROBERT RENTZ MEMBER SERVICES 40.00 X 129860 0 45593 EARL B WILLIAMS IT MANAGER 40.00 X 131295 0 46846 JAMES TUCKER DIRECTOR OF CUSTOMER SERVICE 40.00 X 107934 0 43076 LONNY WHITLEY SYSTEM SUPPORT MANAGER 40.00 X 126407 0 46052 JULIAN RIGBY DIRECTOR 4.00 X 26989 0 0 1581515 0 467294 10 1 1 0 PIKE ELECTRIC INC PO BOX 868 MT AIRY NC 27030 CONTRACTOR LABOR 1592737 TOWNSEND TREE SERVICE CO INC PO BOX 128 PARKER CITY IN 47368 RIGHT OF WAY CLEARING/TRIMMING 1212237 ASPLUNDH TREE EXPERT CO PO BOX 75090 CHARLOTTE NC 28275 RIGHT OF WAY CLEARING/TRIMMING 1210344 D&T ALTMAN RIGHT OF WAY CONTRACTORS INC 802 S CHURCH STREET ALMA GA 31510 RIGHT OF WAY CLEARING/TRIMMING 595189 HELENA CHEMICAL COMPANY PO BOX 198153 ATLANTA GA 30384 RIGHT OF WAY CLEARING/SPRAYING 556720 5 SALE OF ELECTRICITY 221000 116776241 116776241 POLE RENTAL 221000 440035 440035 117216276 1013266 1013266 54117 10912 43205 43205 43205 CAPITAL CREDIT ALLOCATIONS 221000 1633840 1633840 OTHER 221000 54761 54761 1688601 119961348 116874207 0 3087141 7421963 370255 3721959 5977385 COST OF PURCHASED POWER 82695830 DISTRIBUTION EXPENSE - 7053085 DISTRIBUTION EXPENSE - 5210436 CONSUMER ACCOUNTS EXPEN 3746621 3763814 119961348 1825102 3183278 4857232 4695028 1678022 1298078 189465711 40780505 145461035 148685206 32324436 33594856 7883549 12042533 194029376 203498979 7341404 8390869 77056706 82102512 24607448 26151262 109005558 116644643 X 0 0 0 0 85023818 86854336 85023818 86854336 194029376 203498979 X 0 1830518 X X 0 1 X 1 0 189465711 40780505 148685206 148685206 INVESTMENTS - OTHER ASSOCIATED ORGANIZATIONS 6146453 C PATRONAGE CAPITAL - OPC 21621781 C PATRONAGE CAPITAL - GTC 5326353 C PATRONAGE CAPITAL - GSOC 6726 C ECONOMIC DEVELOPMENT FUNDS 390000 C OTHER 103543 C 33594856 PREPAYMENTS 5103876 INTEREST RECEIVABLE 136589 REGULATORY ASSET 3887969 R&S PREPAYMENT 2914099 12042533 CUSTOMER DEPOSITS 2517659 ACCRUED POSTRETIREMENT BENEFITS 16179980 DEFERRED CREDITS 338580 OTHER CURRENT/ACCRUED EXPENSES 2177029 NATURAL GAS HEDGE LIABILITY 4938014 26151262 X 119961348 0 119961348 0 119961348 112539385 0 112539385 7421963 7421963 119961348 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 7,421,963. X 0 0 0 ROMEO A REYES PRESIDENT/CEO 186802 0 8042 0 0 0 29199 0 28507 0 252550 0 0 0 MARK A JOHNSON VP CORP & SYS SERVICES 179230 0 7759 0 0 0 28173 0 29707 0 244869 0 0 0 JOHNNY D ALLEN DIRECTOR OF LINE SERVICES 145262 0 6227 0 0 0 22607 0 27307 0 201403 0 0 0 ROBERT K BENNETT JR DIRECTOR OF DISTRIBUTION S 140588 0 6013 0 0 0 16902 0 26239 0 189742 0 0 0 RICHARD F URSREY ASST. DIRECTOR OF CUSTOMER 126305 0 5330 0 0 0 19353 0 12140 0 163128 0 0 0 JOHN R SWEAT FLEET MATERIALS MANAGER 124787 0 5330 0 0 0 19354 0 26239 0 175710 0 0 0 BRUCE ROBERT RENTZ MEMBER SERVICES 124530 0 5330 0 0 0 19354 0 26239 0 175453 0 0 0 EARL B WILLIAMS IT MANAGER 125723 0 5572 0 0 0 19539 0 27307 0 178141 0 0 0 JAMES TUCKER DIRECTOR OF CUSTOMER SERVICE 103413 0 4521 0 0 0 15769 0 27307 0 151010 0 0 0 LONNY WHITLEY SYSTEM SUPPORT MANAGER 121077 0 5330 0 0 0 18745 0 27307 0 172459 0 0 0 JULIAN RIGBY DIRECTOR 26989 0 0 0 0 0 0 0 0 0 26989 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 1,380. DECREASE IN OTHER ACCUM COMPREHENSIVE LOSS -3,170,247. RETIREMENTS OF MEMBERS CAPITAL CREDITS -3,066,274. INCREASE IN GAINS FROM RETIRED CAPITAL CREDITS 643,697. PATRONAGE CAPITAL ALLOCATED TO MEMBERS 7,421,963. ROUNDING -1. 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 69432 CASH TRANSFERRED TO FOUNDATION