GIBSON ELECTRIC MEMBERSHIP CORP: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- GIBSON ELECTRIC MEMBERSHIP CORP (EIN 62-0212280)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-11-08
- IRS object ID
- 201323129349302207
- Schema version
- 2012v2.3
- 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) |
|---|---|---|
| Timestamp | 2013-11-08T14:37:33-06:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALEXANDER THOMPSON ARNOLD PLLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| 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 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620212280 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GIBSON ELECTRIC MEMBERSHIP | BusinessNameLine1 |
| Business Name Line2 | CORPORATION | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GIBS | NameControl |
| Phone | 7318554740 | Phone |
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 |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAN RODAMAKER | Name |
| Title | PRESIDENT | Title |
| Phone | 7318554740 | Phone |
| Date Signed | 2013-03-06 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | CRAIG ATWILL | Name |
| Phone | 7318853661 | Phone |
| Date Prepared | 2013-11-07 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DAN RODAMAKER | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| 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 | 84193904 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.GIBSONEMC.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1936 | YearFormation |
| State Legal Domicile | TN | StateLegalDomicile |
| Activity Or Mission Description | 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. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 11 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 11 | NbrIndependentVotingMembers |
| Total Nbr Employees | 96 | TotalNbrEmployees |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 43215099 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 81924494 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 461538 | InvestmentIncomePriorYear |
| Investment Income Current Year | 928048 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 591579 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1341362 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 44268216 | TotalRevenuePriorYear |
| Total Revenue Current Year | 84193904 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2377044 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4549638 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 40303177 | OtherExpensePriorYear |
| Other Expenses Current Year | 75504645 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 42680221 | TotalExpensesPriorYear |
| Total Expenses Current Year | 80054283 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 1587995 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4139621 | RevenuesLessExpensesCY |
| Total Assets BOY | 101824213 | TotalAssetsBOY |
| Total Assets EOY | 105691061 | TotalAssetsEOY |
| Total Liabilities BOY | 36295495 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 36024152 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 65528718 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 69666909 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Description | 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. | Description |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 68 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 96 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Gross Income From Members | 81924494 | GrossIncomeFromMembers |
| Gross Income Other Sources | 2269410 | GrossIncomeOtherSources |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 11 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 11 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | true | LocalChapters |
| Policies Reference Chapters | true | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | GIBSON ELECTRIC MEMBERSHIP CORP | NamePerson |
| Telephone Number | 7318554740 | TelephoneNumber |
Address US AddressUS
| 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 Form990PartVIISectionA (18 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| DON LEATHERS | ||||||
| SECRETARY | 5.00 | X | 9400 | 0 | 0 | |
| JOAN MOUSER | ||||||
| TRUSTEE | 6.00 | X | 9300 | 0 | 0 | |
| STEVE SANDERS | ||||||
| VICE CHAIRMA | 4.00 | X | 9100 | 0 | 0 | |
| RANA BUCHANAN | ||||||
| TRUSTEE | 6.00 | X | 8800 | 0 | 0 | |
| MACK GOODE | ||||||
| CHAIRMAN | 3.00 | X | 7700 | 0 | 0 | |
| KEITH FORRESTER | ||||||
| TRUSTEE | 4.00 | X | 7700 | 0 | 0 | |
| RICHARD SKILES | ||||||
| TRUSTEE | 3.00 | X | 7200 | 0 | 0 | |
| LARRY HICKS | ||||||
| TRUSTEE | 3.00 | X | 6600 | 0 | 0 | |
| BOB MCCURDY | ||||||
| TRUSTEE | 2.00 | X | 6100 | 0 | 0 | |
| KEITH HEGLAR | ||||||
| ASST. SEC. | 2.00 | X | 5800 | 0 | 0 | |
| TONY BARGERY | ||||||
| TRUSTEE ` | 2.00 | X | 5600 | 0 | 0 | |
| DAN RODAMAKER | ||||||
| PRES. & CEO | 60.00 | 254508 | 0 | 116660 | X | |
| CHARLES PHILLIPS | ||||||
| VP OF ENG. | 50.00 | 137932 | 0 | 47285 | X | |
| BARRY SMITH | ||||||
| VP OF OPER. | 52.00 | 130707 | 0 | 49931 | X | |
| RITA ALEXANDER | ||||||
| VP OF COMM. | 55.00 | 108306 | 0 | 45998 | X | |
| RICHARD BEDEN | ||||||
| VP OF ACCT. | 45.00 | 101365 | 0 | 38297 | X | |
| EMILY SULLIVAN | ||||||
| VP OF ECON. | 48.00 | 97961 | 0 | 44325 | X | |
| KERRY WATSON | ||||||
| VP OF CUST. | 45.00 | 94833 | 0 | 32089 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1008912 | TotalReportableCompFromOrg |
| Total Other Compensation | 374585 | TotalOtherCompensation |
| Number Individuals GT100 K | 5 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| SEELBACH & COMPANY | |||||
| 400 FARMER COURT | LAWRENCEVILLE | GA | 30046 | ROW CLEARANCE | 526967 |
| TREES INC | |||||
| 1700 SOLUTIONS CENTER | CHICAGO | IL | 60677 | ROW CLEARANCE | 321539 |
| DEVINEY CONSTRUCTION CO | |||||
| PO BOX 22679 | JACKSON | MS | 39205 | ROW CLEARANCE | 311938 |
| OSMOSE UTILITIES SERVICES INC | |||||
| PO BOX 8000 | BUFFALO | NY | 14267 | POLE INSPECTION | 220260 |
| STANDARD ELECTRIC CO INC | |||||
| 876 VANCE AVE | MEMPHIS | TN | 38126 | CONTRACT CONST. | 158353 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PROGRAM SERVICE REVENUE | Description |
| Total Revenue Column | 81924494 | TotalRevenueColumn |
| Related Or Exempt Function Income | 81924494 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 81924494 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 928048 | TotalRevenueColumn |
| Related Or Exempt Function Income | 928048 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|
| REVENUE FROM MERCHANDISING | 1230420 | 1230420 |
| OTHER REVENUE | 110942 | 110942 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1341362 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 84193904 | TotalRevenueColumn |
| Related Or Exempt Function Income | 84193904 | RelatedOrExemptFunctionIncome |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4549638 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1597195 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4485523 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PURCHASED POWER | 61464028 |
| MAINTENANCE | 3849434 |
| TRANSMISSION AND DIST | 3179477 |
| ADMINISTRATIVE AND GEN | 1852168 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -923180 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 80054283 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 363500 | BOY |
| EOY | 440772 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10942513 | BOY |
| EOY | 13632302 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10032575 | BOY |
| EOY | 10082890 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1003846 | BOY |
| EOY | 1131672 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 350715 | BOY |
| EOY | 164363 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 132429133 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 55531977 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 75862796 | BOY |
| EOY | 76897156 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3268268 | BOY |
| EOY | 3341906 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 101824213 | BOY |
| EOY | 105691061 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7905143 | BOY |
| EOY | 8218221 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27176029 | BOY |
| EOY | 26099850 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1214323 | BOY |
| EOY | 1706081 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 36295495 | BOY |
| EOY | 36024152 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 251826 | BOY |
| EOY | 250396 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65276892 | BOY |
| EOY | 69416513 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65528718 | BOY |
| EOY | 69666909 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 101824213 | BOY |
| EOY | 105691061 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 4139621 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1430 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 499019 | OtherCostOrOtherBasis |
| Book Value | 499019 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 131930114 | OtherCostOrOtherBasis |
| Depreciation | 55531977 | Depreciation |
| Book Value | 76398137 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 76897156 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CUSTOMER DEPOSITS | $1,075,033 |
| DEFERRED CREDITS | $631,048 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 1706081 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 84193904 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 84193904 | RevenueSubtotal |
| Total Revenue Per Form990 | 84193904 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 80054283 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 80054283 | ExpensesSubtotal |
| Total Expenses Per Form990 | 80054283 | TotalExpensesPerForm990 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Bonus Filing OrgBonusFilingOrg | Other Compensation Filing OrgOtherCompensationFilingOrg | Deferred Comp Filing OrgDeferredCompFilingOrg | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Total Compensation Filing OrgTotalCompensationFilingOrg |
|---|---|---|---|---|---|---|
| DAN RODAMAKER | ||||||
| PRES & CEO | 243000 | 5661 | 5847 | 94716 | 21944 | 371168 |
| CHARLES PHILLIPS | ||||||
| VP OF ENG | 120249 | 12000 | 5683 | 27279 | 20006 | 185217 |
| BARRY SMITH | ||||||
| VP OF OPER | 120710 | 4401 | 5596 | 32491 | 17440 | 180638 |
| RITA ALEXANDER | ||||||
| VP OF COMM | 99430 | 5176 | 3700 | 25884 | 20114 | 154304 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| CLASSES OF MEMBERS OR STOCKHOLDERS | FORM 990, PAGE 6, PART VI, LINE 6 | GIBSON ELECTRIC MEMBERSHIP CORPORATION IS ORGANIZED WITH MEMBERS. |
| ELECTION OF MEMBERS AND THEIR RIGHTS | FORM 990, PAGE 6, PART VI, LINE 7A | GIBSON ELECTRIC MEMBERSHIP CORPORATION'S TRUSTEES ARE ELECTED BY THE MEMBERS OF THE ORGANIZATION. |
| POLICIES AND PROCEDURES GOVERNING CHAPTERS | 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. |
| ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 | 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. |
| ENFORCEMENT OF CONFLICTS POLICY | 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. |
| COMPENSATION PROCESS FOR TOP OFFICIAL | 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. |
| COMPENSATION PROCESS FOR OFFICERS | 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. |
| GOVERNING DOCUMENTS DISCLOSURE EXPLANATION | FORM 990, PAGE 6, PART VI, LINE 19 | RETURN AVAILABLE UPON REQUEST |
| OTHER CHANGES IN NET ASSETS EXPLANATION | FORM 990, PART XI, LINE 9 | CHANGE IN MEMBERSHIPS 1,430 |