GIBSON ELECTRIC MEMBERSHIP CORP: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- GIBSON ELECTRIC MEMBERSHIP CORP (EIN 62-0212280)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-14
- IRS object ID
- 201423189349302357
- Schema version
- 2013v3.1
- 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 | 2014-11-14T09:03:13-06:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 621110839 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALEXANDER THOMPSON ARNOLD PLLC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 624 EAST REELFOOT AVENUE | AddressLine1 |
| City | UNION CITY | City |
| State | TN | State |
| ZIP Code | 38261 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620212280 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GIBSON ELECTRIC MEMBERSHIP | BusinessNameLine1 |
| Business Name Line2 | CORPORATION | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GIBS | BusinessNameControlTxt |
| Phone | 7318554740 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1207 S COLLEGE ST | AddressLine1 |
| City | TRENTON | City |
| State | TN | State |
| ZIP Code | 38382 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAN RODAMAKER | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 7318554740 | PhoneNum |
| Signature | 2014-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | PHILLIP CRESWELL | PreparerPersonNm |
| PTIN | P00910982 | PTIN |
| Phone | 7318853661 | PhoneNum |
| Preparation | 2014-11-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DAN RODAMAKER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1207 S COLLEGE ST | AddressLine1 |
| City | TRENTON | City |
| State | TN | State |
| ZIP Code | 38382 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $84,442,711 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.GIBSONEMC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1936 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | TO BE THE UTILITY OF CHOICE FOR ENERGY SOLUTIONS. AN ELECTRIC COOPERATIVE, OWNED BY ITS CUSTOMERS, WHO SUPPLIES ENERGY THROUGHOUT AN EIGHT-COUNTY SERVICE AREA IN NORTHWEST TENNESSEE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 94 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $81,924,494 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $82,033,608 | CYProgramServiceRevenueAmt |
| PY Investment Income | $928,048 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,001,829 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,341,362 | PYOtherRevenueAmt |
| CY Other Revenue | $1,407,274 | CYOtherRevenueAmt |
| PY Total Revenue | $84,193,904 | PYTotalRevenueAmt |
| CY Total Revenue | $84,442,711 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,549,638 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,662,640 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $75,504,645 | PYOtherExpensesAmt |
| CY Other Expenses | $75,855,731 | CYOtherExpensesAmt |
| PY Total Expenses | $80,054,283 | PYTotalExpensesAmt |
| CY Total Expenses | $80,518,371 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $4,139,621 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,924,340 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $105,691,061 | TotalAssetsBOYAmt |
| Total Assets EOY | $108,233,361 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $36,024,152 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $34,643,177 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $69,666,909 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $73,590,184 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO BE THE UTILITY OF CHOICE FOR ENERGY SOLUTIONS. AN ELECTRIC COOPERATIVE, OWNED BY ITS CUSTOMERS, WHO SUPPLIES ENERGY THROUGHOUT AN EIGHT-COUNTY SERVICE AREA IN NORTHWEST TENNESSEE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | SUPPLIES ENERGY TO ITS CUSTOMERS THROUGHOUT EIGHT-COUNTY SERVICE AREAS IN NORTHWEST TENNESSEE. GEMC, AN ELECTRIC COOPERATIVE OWNED BY ITS CUSTOMERS, COVERS AN EIGHT-COUNTY SERVICE AREA IN WEST TENNESSEE THAT STRETCHES FROM NORTH MADISON COUNTY TO THE KENTUCKY STATE LINE, FROM GIBSON COUNTY TO THE MISSISSIPPI RIVER. GEMC HAS 2,844 MILES OF ELECTRIC LINE AND 34,696 METERS IN CROCKETT, DYER, GIBSON, HAYWOOD, LAKE, LAUDERDALE, MADISON, AND OBION COUNTIES. THE CORPORATE OFFICE IS LOCATED IN TRENTON, TENNESSEE. THEY ALSO HAVE CUSTOMER SERVICE CENTERS IN ALAMO, TIPTONVILLE, TRENTON, AND TROY. | 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 | Yes (true) | 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 | 69 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 94 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| 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 | $82,033,608 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $2,409,103 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | 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 | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | Yes (true) | LocalChaptersInd |
| Policies Reference Chapters | Yes (true) | PoliciesReferenceChaptersInd |
| 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 |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GIBSON ELECTRIC MEMBERSHIP CORP | PersonNm |
| Phone | 7318554740 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 47 | AddressLine1 |
| City | TRENTON | City |
| State | TN | State |
| ZIP Code | 38382 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| RANA BUCHANAN | ||||||
| TRUSTEE | 6.00 | Yes (X) | $9,000 | $0 | $0 | |
| DON LEATHERS | ||||||
| SECRETARY | 5.00 | Yes (X) | $8,900 | $0 | $0 | |
| STEVE SANDERS | ||||||
| VICE CHAIRMA | 4.00 | Yes (X) | $8,700 | $0 | $0 | |
| JOAN MOUSER | ||||||
| TRUSTEE | 6.00 | Yes (X) | $8,600 | $0 | $0 | |
| KEITH FORRESTER | ||||||
| TRUSTEE | 4.00 | Yes (X) | $7,500 | $0 | $0 | |
| RICHARD SKILES | ||||||
| TRUSTEE | 4.00 | Yes (X) | $7,200 | $0 | $0 | |
| LARRY HICKS | ||||||
| TRUSTEE | 4.00 | Yes (X) | $7,000 | $0 | $0 | |
| MACK GOODE | ||||||
| CHAIRMAN | 2.00 | Yes (X) | $6,600 | $0 | $0 | |
| KEITH HEGLAR | ||||||
| ASST. SEC. | 3.00 | Yes (X) | $6,000 | $0 | $0 | |
| TONY BARGERY | ||||||
| TRUSTEE ` | 1.00 | Yes (X) | $5,300 | $0 | $0 | |
| BOB MCCURDY | ||||||
| TRUSTEE | 4.00 | Yes (X) | $2,800 | $0 | $4,800 | |
| DAN RODAMAKER | ||||||
| PRES. & CEO | 54.00 | $272,991 | $0 | $137,007 | Yes (X) | |
| CHARLES PHILLIPS | ||||||
| VP OF ENG. | 50.00 | $139,131 | $0 | $59,414 | Yes (X) | |
| BARRY SMITH | ||||||
| VP OF OPER. | 52.00 | $133,996 | $0 | $64,597 | Yes (X) | |
| RITA ALEXANDER | ||||||
| VP OF COMM. | 50.00 | $104,627 | $0 | $57,902 | Yes (X) | |
| RICHARD BEDEN | ||||||
| VP OF ACCT. | 44.00 | $99,646 | $0 | $48,638 | Yes (X) | |
| EMILY SULLIVAN | ||||||
| VP OF ECON. | 48.00 | $95,588 | $0 | $53,635 | Yes (X) | |
| KERRY WATSON | ||||||
| VP OF CUST. | 45.00 | $92,753 | $0 | $39,574 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,016,332 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $465,567 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DEVINEY CONSTRUCTION CO | |||||
| PO BOX 22679 | JACKSON | MS | 39205 | ROW CLEARANCE | $449,158 |
| AUBREY SILVEY ENTERPRISES | |||||
| 371 HAMP JONES ROAD | CARROLLTON | GA | 30117 | CONTRACT CONST. | $348,160 |
| OSMOSE UTILITIES SERVICES INC | |||||
| PO BOX 8000 | BUFFALO | NY | 14267 | POLE INSPECTION | $178,310 |
| SEELBACH & COMPANY | |||||
| 400 FARMER COURT | LAWRENCEVILLE | GA | 30046 | ROW CLEARANCE | $140,560 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROGRAM SERVICE REVENUE | Desc |
| Total Revenue Column | $82,033,608 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $82,033,608 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $82,033,608 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,001,829 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,001,829 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| REVENUE FROM MERCHANDISING | $1,282,491 | $1,282,491 |
| OTHER REVENUE | $124,783 | $124,783 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,407,274 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $84,442,711 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $84,442,711 | RelatedOrExemptFuncIncomeAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,662,640 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,633,891 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,848,905 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $61,075,599 |
| MAINTENANCE | $3,787,214 |
| TRANSMISSION AND DIST | $3,427,770 |
| ADMINISTRATIVE AND GEN | $2,008,821 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$926,469 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,518,371 | 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 | $440,772 | BOYAmt |
| EOY | $401,532 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,632,302 | BOYAmt |
| EOY | $11,269,474 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,082,890 | BOYAmt |
| EOY | $5,162,285 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,131,672 | BOYAmt |
| EOY | $1,138,241 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $164,363 | BOYAmt |
| EOY | $6,446,691 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $136,331,919 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $57,044,456 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,897,156 | BOYAmt |
| EOY | $79,287,463 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,341,906 | BOYAmt |
| EOY | $4,527,675 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,691,061 | BOYAmt |
| EOY | $108,233,361 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,218,221 | BOYAmt |
| EOY | $9,245,632 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,099,850 | BOYAmt |
| EOY | $23,764,492 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,706,081 | BOYAmt |
| EOY | $1,633,053 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,024,152 | BOYAmt |
| EOY | $34,643,177 | 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 | $250,396 | BOYAmt |
| EOY | $249,331 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,416,513 | BOYAmt |
| EOY | $73,340,853 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,666,909 | BOYAmt |
| EOY | $73,590,184 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,691,061 | BOYAmt |
| EOY | $108,233,361 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $3,924,340 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$1,065 | 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 | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $519,519 | OtherCostOrOtherBasisAmt |
| Book Value | $519,519 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $135,812,400 | OtherCostOrOtherBasisAmt |
| Depreciation | $57,044,456 | DepreciationAmt |
| Book Value | $78,767,944 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $79,287,463 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| CUSTOMER DEPOSITS | $1,002,512 |
| DEFERRED CREDITS | $630,541 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,633,053 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $84,442,711 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $84,442,711 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $84,442,711 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $80,518,371 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $80,518,371 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $80,518,371 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| 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 (4 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 |
|---|---|---|---|---|---|---|
| DAN RODAMAKER | ||||||
| PRES. & CEO | $249,489 | $1,454 | $22,048 | $107,482 | $29,525 | $409,998 |
| CHARLES PHILLIPS | ||||||
| VP OF ENG. | $123,533 | $6,631 | $8,967 | $32,961 | $26,453 | $198,545 |
| BARRY SMITH | ||||||
| VP OF OPER. | $120,935 | $6,193 | $6,868 | $36,298 | $28,299 | $198,593 |
| RITA ALEXANDER | ||||||
| VP OF COMM. | $95,807 | $3,026 | $5,794 | $29,650 | $28,252 | $162,529 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | GIBSON ELECTRIC MEMBERSHIP CORPORATION IS ORGANIZED WITH MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | GIBSON ELECTRIC MEMBERSHIP CORPORATION'S TRUSTEES ARE ELECTED BY THE MEMBERS OF THE ORGANIZATION. |
| FORM 990, PAGE 6, PART VI, LINE 10B | GIBSON ELECTRIC MEMBERSHIP CORPORATION HAS DISTRICT OR BRANCH OFFICES THROUGHOUT NORTHWEST TENNESSEE BUT THEY OPERATE AS ONE ENTITY IN POLICY MAKING. |
| FORM 990, PAGE 6, PART VI, LINE 11B | A COPY OF THIS RETURN IS PRESENTED TO THE EXECUTIVE COMMITTEE AND MADE AVAILABLE TO THE FULL BOARD AT ITS COMPLETION. |
| FORM 990, PAGE 6, PART VI, LINE 12C | EMPLOYEES AND THE BOARD OF TRUSTEES SHALL MAKE FULL DISCLOSURE TO THE BOARD OF TRUSTEES OF ANY FACTS INDICATING A CONFLICT OF INTEREST AS IT ARISES. THEY SHALL DISQUALIFY THEMSELVES FROM VOTING ON A DECISION POSING A CONFLICT OF INTEREST OR THE APPEARANCE OF A CONFLICT OF INTEREST. THE PRESIDENT AND CEO SHALL PROVIDE ASSISTANCE TO THE BOARD OF TRUSTEES TO ASSURE COMPLIANCE WITH THIS POLICY. THE PRESIDENT AND CEO SHALL ALSO DEVELOP AND ENFORCE AN APPROPRIATE MANAGEMENT POLICY RELATING TO CONFLICTS OF INTEREST OF EMPLOYEES. THE GENERAL COUNSEL SHALL ADVISE INDIVIDUAL BOARD MEMBERS AND/OR THE BOARD OF TRUSTEES REGARDING COMPLIANCE WITH THIS POLICY. THE BOARD OF TRUSTEES SHALL REVIEW COMPLIANCE WITH THIS POLICY AND COUNSEL WITH ANY BOARD MEMBER AS THE SITUATION MAY REQUIRE. THE BOARD OF TRUSTEES SHALL ASSURE, TO THE EXTENT POSSIBLE, THAT THE COOPERATIVE IS NOT DAMAGED OR COMPROMISED BECAUSE OF THE EXISTENCE OF A CONFLICT OF INTEREST ON THE PART OF BOARD MEMBERS OR THE GENERAL COUNSEL. |
| FORM 990, PAGE 6, PART VI, LINE 15A | A COMPENSATION STUDY IS PERFORMED USING THE NRECA TO DETERMINE SALARIES FOR THE ORGANIZATION'S CEO, OFFICERS, AND OTHER KEY EMPLOYEES. |
| FORM 990, PAGE 6, PART VI, LINE 15B | A COMPENSATION STUDY IS PERFORMED USING THE NRECA TO DETERMINE SALARIES FOR THE ORGANIZATION'S CEO, OFFICERS, AND OTHER KEY EMPLOYEES. PAYROLL DETERMINATIONS FOR EMPLOYEES ARE ALSO DONE WITH THE HELP OF THE PERSONNEL COMMITTEE. |
| FORM 990, PAGE 6, PART VI, LINE 19 | RETURN AVAILABLE UPON REQUEST |
| FORM 990, PART XI, LINE 9 | CHANGE IN MEMBERSHIPS 1,065 |