2012-11-14T09:56:48-06:00 2011-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 400 CORDER ROAD WARNER ROBINS GA 310887166 990 2011-01-01 580417350 THE SATILLA RURAL ELECTRIC MEMBERSHIP CORPORATION SATI 9126327222 P O BOX 906 ALMA GA 315101006 ROMEO REYES 9126327222 2012-11-08 1 LENN L HALL P00530393 4789293888 2012-11-08 2011 2016-02-24 21:20:13Z ROMEO REYES 928 HIGHWAY 32 EAST ALMA GA 31510 112041504 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 8 151 0 0 0 0 0 108155966 110378086 149779 227317 2192456 1435509 110498201 112040912 0 0 0 6888574 588223 578607 0 0 0 103778065 104573731 104366288 112040912 6131913 0 178976465 184379224 105245472 106661869 73730993 77717355 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 112040912 TO FURNISH OUR MEMBERS WITH DEPENDABLE ELECTRIC SERVICE AT THE LOWEST COST POSSIBLE. 112040912 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 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 0 1 34 0 151 1 0 0 0 0 0 0 0 0 0 109472789 2568123 0 X 8 8 1 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 0 1 0 0 GA X RAYDELLE MAUFFRAY CPA MANAGER OF A 9126323431 928 GA HWY 32 EAST ALMA GA 31510 DAVID H BENNETT JR 10.00 X 22442 0 0 FRED C HARRISON SR 10.00 X 10735 0 0 THOMAS J MORRIS 10.00 X 12135 0 0 SCOTT DAY 10.00 X 2596 0 0 KENNETH M VICKERS 10.00 X 17456 0 0 JULIAN RIGBY 10.00 X X 23292 0 0 HERMAN SELLERS 10.00 X X 11035 0 0 RL LEWIS JR 10.00 X X 23092 0 0 G HINSON MOSLEY 10.00 X X 11885 0 0 ROMEO A REYES 40.00 X 179223 0 47434 MARK A JOHNSON 40.00 X 170964 0 46317 JOHNNY D ALLEN 40.00 X 143545 0 47938 WILLIAM M WHITTINGTON 40.00 X 135333 0 43215 RICHARD F URSREY 40.00 X 124712 0 41077 ROBERT K BENNETT JR 40.00 X 123790 0 39946 JOHN R SWEAT 40.00 X 123580 0 41077 1135815 0 307004 13 0 1 0 ASPLUNDH TREE EXPERT CO PO BOX 75090 CHARLOTTE NC 28275 TREE TRIMMING 1175977 PIKE ELECTRIC PO BOX 1000 DEPT 517 MEMPHIS TN 38148 LINE EXTENSION 1174782 TOWNSEND TREE SERVICE CO INC 101 S MAIN STREET PARKER CITY IN 47368 TREE TRIMMING 1113266 D&T ALTMAN RIGHT OF WAY CONTRACTORS INC 802 S CHURCH STREET ALMA GA 31510 RIGHT OF WAY CLEARING/TRIMMING 564723 HELENA CHEMICAL COMPANY PO BOX 198153 ATLANTA GA 30384 RIGHT OF WAY CLEARING/TRIMMING 468881 5 SALE OF ELECTRICITY 221000 109429059 109429059 POLE RENTAL 221000 949027 949027 110378086 159775 159775 68134 592 67542 67542 67542 CAPITAL CREDIT ALLOCAT 221000 1391779 1391779 OTHER 221000 43730 43730 1435509 112040912 110932110 0 1108802 6888574 578607 3891429 5437801 COST OF PURCHASED POWER 75916856 DISTRIBUTION MAINTENANC 6740986 DISTRIBUTION OPERATIONS 5392284 CONSUMER ACCOUNTS EXPEN 3766310 3428065 112040912 2712715 5451650 5188668 4755046 1433688 1479880 170645910 31109981 137424123 139535929 28679969 29413348 3537302 3743371 178976465 184379224 8136013 7201205 80953654 78513234 16155805 20947430 105245472 106661869 X 0 0 0 0 73730993 77717355 73730993 77717355 178976465 184379224 X 0 3986362 X 0 0 0 170645910 31109981 139535929 139535929 INVESTMENTS - OTHER ASSOCIATED ORGANIZATIONS 5538955 C PATRONAGE CAPITAL - OPC 18718611 C PATRONAGE CAPITAL - GTC 4245223 C PATRONAGE CAPITAL - GSOC 6085 C ECONOMIC DEVELOPMENT FUNDS 910000 C OTHER -5526 C 29413348 CUSTOMER DEPOSITS 2961782 ACCRUED POSTRETIREMENT BENEFITS 11968591 DEFERRED CREDITS 3260328 OTHER CURRENT/ACCRUED EXPENSES 2756729 20947430 112040912 112040912 0 6888574 6888574 6888574 112040912 0 112040912 0 112040912 105152338 0 105152338 6888574 6888574 112040912 Part XI, Line 8 - Other Adjustments: PATRONAGE CAPITAL ALLOCATED TO MEMBERS 6,888,574. X 0 0 0 ROMEO A REYES 171905 0 7318 0 0 0 26190 0 21244 0 226657 0 0 0 MARK A JOHNSON 163901 0 7063 0 0 0 25129 0 21188 0 217281 0 0 0 JOHNNY D ALLEN 137643 0 5902 0 0 0 21018 0 26920 0 191483 0 0 0 WILLIAM M WHITTINGTON 129834 0 5499 0 0 0 18858 0 24357 0 178548 0 0 0 RICHARD F URSREY 119659 0 5053 0 0 0 18012 0 23065 0 165789 0 0 0 ROBERT K BENNETT JR 118695 0 5095 0 0 0 17426 0 22520 0 163736 0 0 0 JOHN R SWEAT 118527 0 5053 0 0 0 18012 0 23065 0 164657 0 0 0 CHANGE FOR 2011 IN THE REPORTING OF "BENEFITS PAID TO OR FOR MEMBERS": FORM 990, PART I, LINE 14: THE CORPORATION DID NOT REPORT ON THEIR 2010 FORM 990 "BENEFITS PAID TO OR FOR MEMBERS" ON PART I, LINE 14 AND PART IX, LINE 4. HOWEVER, THE IRS FORM 990 INSTRUCTIONS EFFECTIVE FOR THE 2011 FORM 990 REQUIRE AN AMOUNT TO BE REPORTED FOR "BENEFITS PAID TO OR FOR MEMBERS" ON PART I, LINE 14 AND PART IX, LINE 4. THE CORPORATION ELECTS TO NOT RESTATE THE 2010 AMOUNTS AND LEAVE THE PRIOR YEAR AMOUNTS AS ORIGINALLY REPORTED. THE IRS REPORTING REQUIREMENTS FOR "BENEFITS PAID TO OR FOR MEMBERS" ON PART I, LINE 14 AND PART IX, LINE 4 AS AN EXPENSE IS DIFFERENT FROM THE CORPORATION'S REPORTING UNDER ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES (GAAP) FOR FINANCIAL REPORTING PURPOSES. THE CORPORATION HAS INTERPRETED THE AMOUNTS TO BE REPORTED ON PART I, LINE 14 AND PART IX, LINE 4, AS AMOUNTS ALLOCATED AND CALCULATED BASED ON THE 2011 AUDITED MARGINS. WHILE THESE AMOUNTS WERE NOT PAID OUT TO MEMBERS BEFORE DECEMBER 31, 2011, THE AMOUNT INCLUDED ON THE 2011 FORM 990 IS GENERATED USING 2011 FINANCIAL DATA AND RESULTS. 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 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 WITH THE BOARD OF DIRECTORS AND CERTAIN MEMBERS OF MANAGEMENT BY THE CERTIFIED PUBLIC ACCOUNTING FIRM THAT PREPARED THE FORM 990. 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 5: INCREASE IN MEMBERSHIPS 170. DECREASE IN OTHER ACCUM COMPREHENSIVE INCOME -831,144. RETIREMENTS OF MEMBERS CAPITAL CREDITS -2,482,634. INCREASE IN GAINS FROM RETIRED CAPITAL CREDITS 411,396. PATRONAGE CAPITAL ALLOCATED TO MEMBERS 6,888,574. Total to Form 990, Part XI, Line 5: 3,986,362. 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 1 0 SATILLA REMC FOUNDATION INC Q 94763 CASH TRANSFERRED TO FOUNDATION