2013-10-07T15:39:40-05:00 2012-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 400 CORDER ROAD WARNER ROBINS GA 310887166 990 2012-01-01 580417350 THE SATILLA RURAL ELECTRIC MEMBERSHIP CORPORATION SATI 9126327222 P O BOX 906 ALMA GA 315101006 ROMEO REYES 9126327222 2013-09-17 1 MARLAN L NICHOLS P00634242 4789293888 2013-09-17 2012 2016-02-25 16:41:14Z ROMEO REYES 928 HIGHWAY 32 EAST ALMA GA 31510 113573466 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. 9 9 149 0 0 0 0 0 110378086 111168268 227317 311656 1435509 2086095 112040912 113566019 0 0 6888574 7860480 578607 626134 0 0 0 104573731 105079405 112040912 113566019 0 0 184379224 194225946 106661869 111021685 77717355 83204261 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 TO FURNISH OUR MEMBERS WITH DEPENDABLE ELECTRIC SERVICE AT THE LOWEST COST POSSIBLE. 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 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 33 0 149 1 0 0 0 0 0 0 0 110392865 3173154 0 X 9 9 1 0 1 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 10.00 X X 12285 0 0 JULIAN RIGBY 10.00 X X 25289 0 0 HERMAN SELLERS 2.00 X X 11685 0 0 JAMES W WATERS 2.00 X X 3546 0 0 RL LEWIS JR 10.00 X 26039 0 0 DAVID H BENNETT JR 10.00 X 24889 0 0 SCOTT DAY 10.00 X 12235 0 0 G HINSON MOSLEY 6.00 X 12035 0 0 KERRY VAN MOORE 8.00 X 3146 0 0 ROMEO A REYES 40.00 X 194462 0 57942 MARK A JOHNSON 40.00 X 183402 0 59179 JOHNNY D ALLEN 40.00 X 151052 0 51549 WILLIAM M WHITTINGTON 40.00 X 147937 0 33908 ROBERT K BENNETT JR 40.00 X 135781 0 47052 RICHARD F URSREY 40.00 X 131821 0 32644 JOHN R SWEAT 40.00 X 130337 0 46744 1205941 0 329018 7 0 1 0 ASPLUNDH TREE EXPERT CO PO BOX 75090 CHARLOTTE NC 28275 TREE TRIMMING 1137706 TOWNSEND TREE SERVICE CO INC 101 S MAIN STREET PARKER CITY IN 47368 TREE TRIMMING 1120702 PIKE ELECTRIC PO BOX 1000 DEPT 517 MEMPHIS TN 38148 LINE EXTENSION 976829 D&T ALTMAN RIGHT OF WAY CONTRACTORS INC 802 S CHURCH STREET ALMA GA 31510 RIGHT OF WAY CLEARING/TRIMMING 574657 HELENA CHEMICAL COMPANY PO BOX 198153 ATLANTA GA 30384 RIGHT OF WAY CLEARING/TRIMMING 534368 5 SALE OF ELECTRICITY 221000 110346498 110346498 POLE RENTAL 221000 821770 821770 111168268 286602 286602 32501 7447 25054 25054 25054 CAPITAL CREDIT ALLOCATIONS 221000 2039728 2039728 OTHER 221000 46367 46367 2086095 113566019 112457647 0 1108372 7860480 626134 3611135 5514106 COST OF PURCHASED POWER 75974967 DISTRIBUTION EXPENSE - 6909785 DISTRIBUTION EXPENSE - 5573628 CONSUMER ACCOUNTS EXPEN 4015902 3479882 113566019 5451650 3337914 4755046 4851024 1479880 1623804 176719718 34480019 139535929 142239699 29413348 30940103 3743371 11233402 184379224 194225946 7201205 8324571 78513234 74495025 20947430 28202089 106661869 111021685 X 0 0 0 0 77717355 83204261 77717355 83204261 184379224 194225946 X 0 5486906 X 0 1 X 1 0 176719718 34480019 142239699 142239699 INVESTMENTS - OTHER ASSOCIATED ORGANIZATIONS 5725146 C PATRONAGE CAPITAL - OPC 19811096 C PATRONAGE CAPITAL - GTC 4632223 C PATRONAGE CAPITAL - GSOC 6085 C ECONOMIC DEVELOPMENT FUNDS 780000 C OTHER -14447 C 30940103 PREPAYMENTS 119726 INTEREST RECEIVABLE 134178 REGULATORY ASSET 10978954 DEFERRED DEBITS 544 11233402 CUSTOMER DEPOSITS 2891086 ACCRUED POSTRETIREMENT BENEFITS 20458278 DEFERRED CREDITS 3347387 OTHER CURRENT/ACCRUED EXPENSES 1505338 28202089 113566019 0 113566019 0 113566019 105705539 0 105705539 7860480 7860480 113566019 Part XII, Line 4b - Other Adjustments: PATRONAGE CAPITAL ALLOCATED TO MEMBERS X 0 0 0 ROMEO A REYES 186724 0 7738 0 0 0 32371 0 25571 0 252404 0 0 0 MARK A JOHNSON 176076 0 7326 0 0 0 31208 0 27971 0 242581 0 0 0 JOHNNY D ALLEN 145061 0 5991 0 0 0 25978 0 25571 0 202601 0 0 0 WILLIAM M WHITTINGTON 142151 0 5786 0 0 0 24273 0 9635 0 181845 0 0 0 ROBERT K BENNETT JR 130405 0 5376 0 0 0 22549 0 24503 0 182833 0 0 0 RICHARD F URSREY 126692 0 5129 0 0 0 22241 0 10403 0 164465 0 0 0 JOHN R SWEAT 125208 0 5129 0 0 0 22241 0 24503 0 177081 0 0 0 Form 990, Part VI, Section A, line 2 1. BOARD MEMBER JULIAN RIGBY'S DAUGHTER IS MARRIED TO THE SON OF HIGHLY COMPENSATED EMPLOYEE JOHNNY ALLEN. 2. BOARD MEMBER JULIAN RIGBY AND HIGHLY COMPENSATED EMPLOYEE JOHNNY ALLEN ARE SHAREHOLDERS IN ALMA PAK, INC. 3. 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 4 The By-Laws were amended to abolish the appointed member position of the Board of Directors. This change was made by the membership at the annual meeting in October 2012. 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 Nine 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. ONE BOARD MEMBER CAN BE APPOINTED BY THE ELECTED BOARD MEMBERS AT THE ELECTED BOARD MEMBERS DISCRETION. THIS APPOINT WAS MADE IN 2012. 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 IN 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. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: DECREASE IN MEMBERSHIPS 1,875. INCREASE IN OTHER ACCUM COMPREHENSIVE LOSS -88,644. RETIREMENTS OF MEMBERS CAPITAL CREDITS -2,350,522. INCREASE IN GAINS FROM RETIRED CAPITAL CREDITS 63,717. PATRONAGE CAPITAL ALLOCATED TO MEMBERS 7,860,480. 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 133293 CASH TRANSFERRED TO FOUNDATION