2025-10-30T14:57:45-04:00 2024-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2024-01-01 580224655 GREYSTONE POWER CORPORATION GREY 7709426576 PO BOX 897 DOUGLASVILLE GA 30133 GARY A MILLER PRESIDENT & CEO 7709426576 2025-10-30 true false WILLIAM R ROUNTREE P01231836 4787466277 2025-10-30 2024 2025-03-06 01:10:19Z GARY A MILLER PO BOX 897 DOUGLASVILLE GA 30133 378815590 false X WWW.GREYSTONEPOWER.COM X 1936 GA MAKING LIFE BETTER IN THE COMMUNITIES WE SERVE. 9 9 328 1863531 1804251 0 331176180 373467865 2899767 2824875 1743398 2522850 335819345 378815590 0 16494549 24468691 1312039 1421050 0 0 316900144 354673461 334706732 380563202 1112613 -1747612 740552739 815281281 435372974 499085257 305179765 316196024 MAKING LIFE BETTER IN THE COMMUNITIES WE SERVE. false false 377757205 TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE WITHIN THE SYSTEM AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. 2805997 TO PROVIDE BROADBAND SERVICES TO THE UNSERVED AND UNDERSERVED MEMBERS OF GREYSTONE POWER CORPORATION THROUGH GREYSTONE CONNECT, LLC, A SINGLE MEMBER LIMITED LIABILITY COMPANY. 380563202 false false false false false false false false false true false true false true false false false false false false false false false false false false false false true false false false false false false false false false false true true false false true 158 0 true 328 true true true false false false false 365444701 9455491 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false GA X KARA PEARSON 7709426576 PO BOX 897 DOUGLASVILLE GA 30134 GENEVIEVE B COLE CHAIRMAN 5.94 X X 30128 0 0 DAVID HAGENOW VICE CHAIRMA 4.00 X X 30259 0 0 BILLY MAYHEW SECRETARY/TR 5.42 X X 28976 0 0 JIM JOHNS DIRECTOR 8.10 X 33626 0 0 MILTON JONES DIRECTOR 3.88 X 30337 0 0 MARIBETH WANSLEY DIRECTOR 3.96 X 29459 0 0 JOHN A WALTON DIRECTOR 2.79 X 28264 0 0 NEAL DETTMERING DIRECTOR 5.35 X 30107 0 0 CHARISSE BRAXTON DIRECTOR 3.23 X 31856 0 0 GARY A MILLER PRESIDENT & 50.00 X 878647 0 269390 MICHAEL MOORE VP-SPECIAL P 50.00 X 348040 0 83342 KARA T PEARSON CFO 50.00 X 338350 0 84530 TIMOTHY WILLIAMS VP CORP/EXT. 50.00 X 314155 0 114840 DAVID JOHNSON COO 50.00 X 328337 0 86577 JAMES WRIGHT VP-CORPORATE 50.00 X 326072 0 73239 2806613 711918 112 false true false LINETEC SERVICES LLC 19820 NORTH 7TH AVENUE SUITE 120 PHOENIX AZ 85027 CONTRACT LABOR 7358706 CONEXON LLC 2001 GRAND BLVD SUITE 700 KANSAS CITY MO 64108 TELECOM 4091072 POWERGRID SERVICES LLC 2350 HWY 31 NW HARTSELLE AL 35640 ROW 2573332 SOUTHERN UTILITY GROUP LLC 1563 CALVARY CHURCH RD GAINESVILLE GA 30507 CONSTRUCTION 1771208 LLC 100 DUNBAR ST SUITE 304 SPARTANBURG SC 29306 SYSTEM MAINT. 1527055 21 ELECTRIC REVENUE 221000 361849893 361849893 PATRONAGE CAPITAL CREDITS 221000 4909560 4909560 POLE RENTAL 221000 3175790 3175790 OTHER ELECTRIC REVENUE 221000 2904044 2904044 BROADBAND REVENUES 517000 628578 628578 373467865 2824875 2824875 512099 512099 COOP CHOICE EARNINGS 900099 1731831 1731831 NON OP REV GAS SOUTH 900099 131700 131700 NON OP REV SURGE MONTHLY FEES 221000 73365 73365 73855 73855 2010751 378815590 370439295 1863531 6512764 24468691 1421050 13331428 24589391 PURCHASED POWER 256839947 DISTRIBUTION OPERATIONS/M 34511359 ADMIN. & GENERAL EXP. 11013275 CONSUMER ACCOUNTS 7801436 6586625 380563202 0 0 0 X 10027243 17102014 59510000 42450000 47696105 48021383 3000000 12756812 20260207 686870 688863 795211683 178488973 547653955 616722710 -592806 37943406 42566185 410193 21871154 27059726 740552739 815281281 36759290 46446467 368478073 398090802 30135611 54547988 435372974 499085257 X 1289304 1327915 303890461 314868109 305179765 316196024 740552739 815281281 X -1747612 12763871 X X false true X true false 6272351 6272351 788939332 178488973 610450359 616722710 PATCAP - GTC 26768746 C PATCAP - OTHER 5534119 C PATCAP - GRESCO 4876882 C PATCAP - CFC 1972933 C PATCAP - SMARR 1344296 C PATCAP - SEWELL CREEK 1300630 C PATCAP - SEDC 752748 C PATCAP - GSOC 15831 C 42566185 CONSUMER DEPOSITS 27021409 DEFERRED CREDITS 26658229 DEFERRED COMP LIABILITY 868350 54547988 X X X X X false true false GARY A MILLER PRESIDENT & CEO 753843 737 124067 239190 30200 1148037 MICHAEL MOORE VP-SPECIAL PROJECTS 323831 5858 18351 53142 30200 431382 KARA T PEARSON CFO 311384 8494 18472 49969 34561 422880 TIMOTHY WILLIAMS VP CORP/EXT. AFFAIRS 280384 737 33034 87990 26850 428995 DAVID JOHNSON COO 295069 5858 27410 48017 38560 414914 JAMES WRIGHT VP-CORPORATE SERVICE 314175 11897 39691 33548 399311 SCHEDULE J, PAGE 1, PART I, LINE 4 GARY A. MILLER 0 31,310 0 SCHEDULE J, PART III SCHEDULE J, PART II, COLUMN B (III) - THE AMOUNTS REPORTED IN THIS COLUMN GENERALLY INCLUDE AMOUNTS PAID OUT UNDER A NON-QUALIFIED DEFERRED COMPENSATION PLAN (NQDC PLAN). THE PURPOSE OF THE PLAN IS TO MAKE WHOLE CERTAIN MEMBERS OF MANAGEMENT WHOSE ACCRUED BENEFIT UNDER THE NRECA R&S PENSION PLAN THAT IS LIMITED BY THE INTERNAL REVENUE CODE ARE MADE WHOLE. DISTRIBUTIONS FROM THE NQDC PLAN ARE PROCESSED THROUGH THE COMPANY'S PAYROLL SYSTEM AND INCLUDED IN EACH PARTICIPANT'S REPORTABLE COMPENSATION. A CREDIT IS RECEIVED FROM NRECA FOR AMOUNTS THE COMPANY PAID THE PARTICIPANTS. DISTRIBUTIONS FROM THE NQDC PLAN FOR THE YEAR ENDED DECEMBER 31, 2024 WERE 31,310. FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE 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 CHANGE IN MEMBERSHIP FEES 38,611 CAPITAL CREDITS ASSIGNED TO MEMBERS 24,468,691 CHANGE IN RETIRED CAPITAL CREDIT GAINS 827,197 CHANGE IN DONATED CAPITAL 56,928 OTHER 1,241 PATRONAGE CAPITAL RETIRED -12,515,443 COOP CHOICE BOOK/TAX DIFF. -113,354 TOTAL 12,763,871 FORM 990, PART XII THE CORPORATION'S FISCAL YEAR END IS AUGUST 31ST. THE CORPORATION UNDERGOES AN INDEPENDENT AUDIT OF ITS FINCIAL STATEMENTS ANNUALLY AS OF THAT DATE. THE CORPORATION RECEIVED AN UNMODIFIED OPINION FOR THE YEARS ENDED AUGUST 31, 2025 AND 2024. GREYSTONE CONNECT LLC GREYSTONE CONNECT LLC PO BOX 897 PO BOX 897 DOUGLASVILLE GA 30134 BROADBAND GA -2264689 1927695 GPC GREYSTONE POWER FOUNDATION INC PO BOX 897 DOUGLASVILLE GA 301330897 582459731 CHARITY GA 3 7 NA false false true false false false false false false false false false false false false true false false false false GREYSTONE POWER FOUNDATION INC O 40605 FMV GREYSTONE POWER FOUNDATION INC B 635158 FMV SCHEDULE R STATE OF GEORGIA SENATE BILL 2 (GEORGIA LAW), WHICH AMENDED CHAPTER 3 OF TITLE 46, ALLOWS ELECTRIC MEMBERSHIP CORPORATIONS (EMCS) TO ENGAGE IN CERTAIN ACTIVITIES IN ORDER TO FACILITATE THE PROVISION OF BROADBAND SERVICES; TO SPECIFICALLY AUTHORIZE EMCS AND THEIR AFFILIATES TO PROVIDE BROADBAND SERVICES; TO PROVIDE FOR AND REVISE DEFINITIONS; TO AUTHORIZE CERTAIN FINANCING AND PARTNERSHIPS FOR THE PROVISION OF BROADBAND SERVICES. AS SUCH, GREYSTONE CONNECT, LLC (CONNECT) IS A WHOLLY-OWNED SINGLE MEMBER LIMITED LIABILITY COMPANY OF GREYSTONE POWER CORPORATION (GREYSTONE POWER). CONNECT IS A PROVIDER OF RETAIL BROADBAND SERVICES. GREYSTONE POWER AND CONNECT OPERATE THROUGH A COST ALLOCATION MANUAL APPROVED BY THE GEORGIA PUBLIC SERVICE COMMISSION. THE COST ALLOCATION MANUAL IS DESIGNED TO PREVENT CROSS-SUBSIDIZATION BETWEEN GREYSTONE POWER'S REGULATED ELECTRIC OPERATIONS AND THE DEREGULATED RETAIL BROADBAND OPERATIONS OF CONNECT. CONNECT'S BOARD OF DIRECTORS IS MADE UP CERTAIN MEMBERS OF THE GREYSTONE POWER BOARD OF DIRECTORS. OPERATION ROUNDUP THE CORPORATION'S MEMBERS CAN PARTICIPATE IN AN OPERATION ROUNDUP PROGRAM AND HAVE THEIR ELECTRIC BILL ROUNDED TO THE NEXT HIGHEST WHOLE DOLLAR EACH MONTH. THESE FUNDS ARE TREATED AS CONTRIBUTIONS TO GREYSTONE POWER FOUNDATION, INC. (THE FOUNDATION), A NONPROFIT 501(C)(3) ORGANIZATION. THE FOUNDATION MAINTAINS A SEPARATE BOARD OF DIRECTORS WHICH APPROVES CHARITABLE ASSISTANCE TO THE AREAS SERVED BY GREYSTONE POWER CORPORATION. THE FOUNDATION HAS NO EMPLOYEES. THE TRANSACTIONS BETWEEN THE CORPORATION AND THE FOUNDATION REPORTED ON SCHEDULE R, PART V REPRESENT THE VALUE OF THE SERVICES DONATED BY THE CORPORATION TO THE FOUNDATION.