GEORGIA TRANSMISSION CORPORATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- GEORGIA TRANSMISSION CORPORATION (EIN 58-2231201)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-05-16
- IRS object ID
- 201141369349301759
- Schema version
- 2010v3.2
- 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 | 2011-05-16T08:38:53-07:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 582231201 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GEORGIA TRANSMISSION CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GEOR | NameControl |
| Phone | 7702707625 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2100 East Exchange Place | AddressLine1 |
| City | Tucker | City |
| State | GA | State |
| ZIP Code | 30084 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Dale Cooper | Name |
| Title | Assistant Controller | Title |
| Phone | 7702707400 | Phone |
| Date Signed | 2011-05-16 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | R Dale Cooper III CPA | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2100 East Exchange Place | AddressLine1 |
| City | Tucker | City |
| State | GA | State |
| ZIP Code | 30084 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 246519003 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.gatrans.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1996 | YearFormation |
| State Legal Domicile | GA | StateLegalDomicile |
| Activity Or Mission Description | Transmission of Electricity | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 14 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 14 | NbrIndependentVotingMembers |
| Total Nbr Employees | 296 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 232790983 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 241786710 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 4818234 | InvestmentIncomePriorYear |
| Investment Income Current Year | 4732293 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 237609217 | TotalRevenuePriorYear |
| Total Revenue Current Year | 246519003 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 4999038 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 4472775 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 218076041 | OtherExpensePriorYear |
| Other Expenses Current Year | 227585270 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 223075079 | TotalExpensesPriorYear |
| Total Expenses Current Year | 232058045 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 14534138 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 14460958 | RevenuesLessExpensesCY |
| Total Assets BOY | 1824442581 | TotalAssetsBOY |
| Total Assets EOY | 1939358973 | TotalAssetsEOY |
| Total Liabilities BOY | 1645935476 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1746390910 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 178507105 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 192968063 | NetAssetsOrFundBalancesEOY |
| Mission Description | Transmission of Electricity | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 0 | Expense |
| Grants | 0 | Grants |
| Revenue | 0 | Revenue |
| Description | PRINCIPAL BUSINESS IS PROVIDING TRANSMISSION SERVICES. AT 12/31/10, GTC OWNED APPROXIMATELY 3040 MILES OF TRANSMISSION LINES AND 649 SUBSTATIONS. GTC SUCCEEDED TO ALL OF OGLETHORPE'S RIGHTS AND OBLIGATIONS WITH RESPECT TO THE ITS. ITS DESCRIPTION PROVIDED. | Description |
| Total Of Other Program Service Exp | 0 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 0 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 0 | TotalProgramServiceExpense |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 217 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 296 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Gross Income From Members | 230753973 | GrossIncomeFromMembers |
| Gross Income Other Sources | 16166202 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 14 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 14 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 1 | InvestmentInJointVenture |
| Written Policy Or Procedure | 1 | WrittenPolicyOrProcedure |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | R Dale Cooper III CPA | NamePerson |
| Telephone Number | 7702707625 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Georgia Transmission Corporation | AddressLine1 |
| Address Line2 | 2100 East Exchange Place | AddressLine2 |
| City | Tucker | City |
| State | GA | State |
| ZIP Code | 300845336 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (30 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee |
|---|---|---|---|---|---|---|---|
| Otis Jones | |||||||
| Director | 2 | X | 10800 | 0 | 0 | ||
| David Dunaway | |||||||
| Director | 2 | X | 8100 | 0 | 0 | ||
| Gary Drake | |||||||
| Director | 1 | X | 8000 | 0 | 0 | ||
| Jill S Tietjen | |||||||
| Director | 3 | X | 26300 | 0 | 0 | ||
| Charles R Fendley | |||||||
| Director | 1 | X | 11200 | 0 | 0 | ||
| Roy Tollerson Jr | |||||||
| Director | 0.5 | X | 1200 | 0 | 0 | ||
| Steve E Rawl Sr | |||||||
| Director | 2 | X | 9900 | 0 | 0 | ||
| J Everett Williams | |||||||
| Director | 0.5 | X | 8000 | 0 | 0 | ||
| D Ronnie Lee | |||||||
| Director | 0.5 | X | 8100 | 0 | 0 | ||
| Kenneth Cook | |||||||
| Director | 1.5 | X | 8100 | 0 | 0 | ||
| Michael Goodroe | |||||||
| Director | 1 | X | 8800 | 0 | 0 | ||
| James M Hubbard | |||||||
| Director | 3 | X | 29200 | 0 | 0 | ||
| Robert Lewis | |||||||
| Director | 2.5 | X | 8000 | 0 | 0 | ||
| Chris McDermott | |||||||
| Director | 1 | X | 4400 | 0 | 0 | ||
| Raphael Brumbeloe | |||||||
| Director | 1 | X | 7600 | 0 | 0 | ||
| Jack Waters | |||||||
| Director | 1 | X | 3800 | 0 | 0 | ||
| Michael Smith | |||||||
| President, CEO | 40 | 414296 | 0 | 30599 | X | ||
| Barbara Hampton | |||||||
| CFO | 40 | 320026 | 0 | 24820 | X | ||
| Jerry Donovan | |||||||
| Sr. Vice President | 40 | 293757 | 0 | 28648 | X | ||
| Harold Taylor | |||||||
| Vice President | 40 | 199563 | 0 | 30034 | X | ||
| Keith Daniel | |||||||
| Vice President | 40 | 211717 | 0 | 22877 | X | ||
| Tom Parker | |||||||
| Vice President | 40 | 205927 | 0 | 27146 | X | ||
| Russ Schussler | |||||||
| Vice President | 40 | 205461 | 0 | 35215 | X | ||
| David Van Winkle | |||||||
| Vice President | 40 | 189524 | 0 | 24102 | X | ||
| John C Raese | |||||||
| Vice President | 40 | 173427 | 0 | 25258 | X | ||
| Angela Sheffield | |||||||
| Director of Internal Audit | 40 | 184725 | 0 | 28664 | X | ||
| Anne Hicks | |||||||
| General Counsel | 40 | 179671 | 0 | 25199 | X | ||
| Lynn Huffines | |||||||
| Controller | 40 | 174294 | 0 | 26815 | X | ||
| James Etheridge | |||||||
| Manager, Transmission Line Maintenance | 40 | 156458 | 0 | 21678 | X | ||
| Angela Farsee | |||||||
| Manager, Human Resources | 40 | 154032 | 0 | 21388 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 3224378 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 372443 | TotalOtherCompensation |
| Number Individuals GT100 K | 216 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation | Address Line2AddressOfContractor/AddressUS/AddressLine2 |
|---|---|---|---|---|---|---|
| Georgia System Operations Corporation | ||||||
| 2100 East Exchange Place | Tucker | GA | 30084 | Shared Services and Control Center Operations | 25146673 | |
| Georgia Power Company | ||||||
| 241 Ralph McGill Blvd | Atlanta | GA | 303083374 | Construction Related Services | 17544351 | Bin 10120 |
| Pike Electric Inc | ||||||
| PO Box 1000 Dept 517 | Memphis | TN | 381480517 | Construction Services | 9567622 | |
| Aubrey Silvey Enterprises Inc | ||||||
| 371 Hamp Jones Road | Carrollton | GA | 30117 | Construction Services | 5115657 | |
| PhotoScience Inc | ||||||
| 2670 Wilhite Drive | Lexington | KY | 40503 | Geospatial services including digital imaging services | 3919210 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 216 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| Network Services Revenue | 221000 | 202938785 | 202938785 | 0 | $0 |
| Transmission Rental Income | 221000 | 33302412 | 33302412 | 0 | $0 |
| Other Revenues | 221000 | 5545513 | 5545513 | 0 | $0 |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 241786710 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4732293 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4732293 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 0 | Other |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 246519003 | TotalRevenueColumn |
| Related Or Exempt Function Income | 246519003 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3441648 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 812087 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 219040 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 148691 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34552 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8668 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 74055 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 73426292 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53439905 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| Operations and Maintenance | 62560701 |
| GSOC OPS/SS Services | 18871965 |
| Parity Expense | 14901913 |
| OPC Allocations, A & G Expense | 3780776 |
| Taxes Other than Income Taxes | 337752 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 232058045 | 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 | 28313030 | BOY |
| EOY | 60336186 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29305999 | BOY |
| EOY | 22898197 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 92395053 | BOY |
| EOY | 124440278 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 2261115895 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 566986274 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1638632608 | BOY |
| EOY | 1694129621 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24480369 | BOY |
| EOY | 24807251 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11315522 | BOY |
| EOY | 12747440 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1824442581 | BOY |
| EOY | 1939358973 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 247873368 | BOY |
| EOY | 342690699 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 143290 | BOY |
| EOY | 130263 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 92735441 | BOY |
| EOY | 92495178 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1291452511 | BOY |
| EOY | 1300076254 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13730866 | BOY |
| EOY | 10998516 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1645935476 | BOY |
| EOY | 1746390910 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 178507105 | BOY |
| EOY | 192968063 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 178507105 | BOY |
| EOY | 192968063 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1824442581 | BOY |
| EOY | 1939358973 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 14460958 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 0 | FederalGrantAuditPerformed |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 302406914 | OtherCostOrOtherBasis |
| Book Value | 302406914 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 107840729 | OtherCostOrOtherBasis |
| Depreciation | 34917129 | Depreciation |
| Book Value | 72923600 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 1782738093 | OtherCostOrOtherBasis |
| Depreciation | 519230439 | Depreciation |
| Book Value | 1263507654 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 68130159 | OtherCostOrOtherBasis |
| Depreciation | 12838706 | Depreciation |
| Book Value | 55291453 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1694129621 | TotalOfBookValueLandBuildings |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (3 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Gain on Bonds | $4,423,042 |
| Accumulated Provision for Benefits | $658,597 |
| Deferred Hedge Settlement | $5,916,877 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 10998516 | TotalOfAmounts |
| Total Revenue | 246519003 | TotalRevenue |
| Total Expenses | 232058045 | TotalExpenses |
| Excess Or Deficit For Year | 14460958 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 0 | NetUnrealizedGLOnInvestments |
| Donated Services And Facilities | 0 | DonatedServicesAndFacilities |
| Investment Expenses | 0 | InvestmentExpenses |
| Prior Period Adjustments | 0 | PriorPeriodAdjustments |
| Other | $0 | OtherAmount |
| Total Adjustments | 0 | TotalAdjustments |
| Excess Or Deficit Per FS | 14460958 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 246519003 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 0 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 0 | DonatedSrvcAndUseOfFacilities |
| Recoveries Of Prior Year Grants | 0 | RecoveriesOfPriorYearGrants |
| Other Revenues | 0 | OtherRevenues |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 246519003 | RevenueSubtotal |
| Investment Expenses Not Included | 0 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 0 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 246519003 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 232058045 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 0 | DonatedServicesUseOfFacilities |
| Prior Year Adjustments | 0 | PriorYearAdjustments |
| Losses Reported | 0 | LossesReported |
| Other Expenses Included | 0 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 232058045 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 0 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 0 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 232058045 | TotalExpensesPerForm990 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Discretionary Spending Account | X | DiscretionarySpendingAccount |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (30 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Otis Jones | |||||||||||||
| 0 | 0 | 0 | 0 | 10800 | 0 | 0 | 0 | 0 | 0 | 10800 | 0 | 9200 | 0 |
| David Dunaway | |||||||||||||
| 0 | 0 | 0 | 0 | 8100 | 0 | 0 | 0 | 0 | 0 | 8100 | 0 | 6900 | 0 |
| Gary Drake | |||||||||||||
| 0 | 0 | 0 | 0 | 8000 | 0 | 0 | 0 | 0 | 0 | 8000 | 0 | 8000 | 0 |
| Jill S Tietjen | |||||||||||||
| 0 | 0 | 0 | 0 | 26300 | 0 | 0 | 0 | 0 | 0 | 26300 | 0 | 25700 | 0 |
| Charles R Fendley | |||||||||||||
| 0 | 0 | 0 | 0 | 11200 | 0 | 0 | 0 | 0 | 0 | 11200 | 0 | 11700 | 0 |
| Roy Tollerson Jr | |||||||||||||
| 0 | 0 | 0 | 0 | 1200 | 0 | 0 | 0 | 0 | 0 | 1200 | 0 | 9200 | 0 |
| Steve E Rawl Sr | |||||||||||||
| 0 | 0 | 0 | 0 | 9900 | 0 | 0 | 0 | 0 | 0 | 9900 | 0 | 9300 | 0 |
| J Everett Williams | |||||||||||||
| 0 | 0 | 0 | 0 | 8000 | 0 | 0 | 0 | 0 | 0 | 8000 | 0 | 8000 | 0 |
| D Ronnie Lee | |||||||||||||
| 0 | 0 | 0 | 0 | 8100 | 0 | 0 | 0 | 0 | 0 | 8100 | 0 | 8100 | 0 |
| Kenneth Cook | |||||||||||||
| 0 | 0 | 0 | 0 | 8100 | 0 | 0 | 0 | 0 | 0 | 8100 | 0 | 8100 | 0 |
| Michael Goodroe | |||||||||||||
| 0 | 0 | 0 | 0 | 8800 | 0 | 0 | 0 | 0 | 0 | 8800 | 0 | 8000 | 0 |
| James M Hubbard | |||||||||||||
| 0 | 0 | 0 | 0 | 29200 | 0 | 0 | 0 | 0 | 0 | 29200 | 0 | 29200 | 0 |
| Robert Lewis | |||||||||||||
| 0 | 0 | 0 | 0 | 8000 | 0 | 0 | 0 | 0 | 0 | 8000 | 0 | 8000 | 0 |
| Chris McDermott | |||||||||||||
| 0 | 0 | 0 | 0 | 4400 | 0 | 0 | 0 | 0 | 0 | 4400 | 0 | 8600 | 0 |
| Raphael Brumbeloe | |||||||||||||
| 0 | 0 | 0 | 0 | 7600 | 0 | 0 | 0 | 0 | 0 | 7600 | 0 | 0 | 0 |
| Jack Waters | |||||||||||||
| 0 | 0 | 0 | 0 | 3800 | 0 | 0 | 0 | 0 | 0 | 3800 | 0 | 0 | 0 |
| Michael Smith | |||||||||||||
| 380308 | 0 | 10000 | 0 | 15389 | 0 | 0 | 0 | 0 | 0 | 405697 | 0 | 421312 | 0 |
| Jerry Donovan | |||||||||||||
| 275452 | 0 | 0 | 0 | 11658 | 0 | 0 | 0 | 0 | 0 | 287110 | 0 | 293674 | 0 |
| Keith Daniel | |||||||||||||
| 198199 | 0 | 0 | 0 | 7017 | 0 | 0 | 0 | 0 | 0 | 205216 | 0 | 211715 | 0 |
| Barbara Hampton | |||||||||||||
| 301680 | 0 | 0 | 0 | 10026 | 0 | 0 | 0 | 0 | 0 | 311706 | 0 | 319972 | 0 |
| Tom Parker | |||||||||||||
| 192033 | 0 | 0 | 0 | 8732 | 0 | 33000 | 0 | 0 | 0 | 233765 | 0 | 238827 | 0 |
| Harold Taylor | |||||||||||||
| 185855 | 0 | 0 | 0 | 7489 | 0 | 0 | 0 | 0 | 0 | 193344 | 0 | 199430 | 0 |
| Russ Schussler | |||||||||||||
| 189121 | 0 | 0 | 0 | 6919 | 0 | 9625 | 0 | 0 | 0 | 205665 | 0 | 214703 | 0 |
| David Van Winkle | |||||||||||||
| 174467 | 0 | 0 | 0 | 7454 | 0 | 0 | 0 | 0 | 0 | 181921 | 0 | 189296 | 0 |
| John C Raese | |||||||||||||
| 157578 | 0 | 0 | 0 | 7212 | 0 | 0 | 0 | 0 | 0 | 164790 | 0 | 172210 | 0 |
| Angela Sheffield | |||||||||||||
| 172816 | 0 | 0 | 0 | 5125 | 0 | 0 | 0 | 0 | 0 | 177941 | 0 | 190579 | 0 |
| Anne Hicks | |||||||||||||
| 170601 | 0 | 0 | 0 | 371 | 0 | 0 | 0 | 0 | 0 | 170972 | 0 | 178753 | 0 |
| Lynn Huffines | |||||||||||||
| 168185 | 0 | 0 | 0 | 1294 | 0 | 12000 | 0 | 0 | 0 | 181479 | 0 | 173016 | 0 |
| James Etheridge | |||||||||||||
| 143988 | 0 | 0 | 0 | 7209 | 0 | 0 | 0 | 0 | 0 | 151197 | 0 | 153752 | 0 |
| Angela Farsee | |||||||||||||
| 145892 | 0 | 0 | 0 | 1959 | 0 | 0 | 0 | 0 | 0 | 147851 | 0 | 152348 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchJ_P01_S00_L01a | Identifier |
| Return Reference | Schedule J, Part I, Line 1a | ReturnReference |
| Explanation | All Georgia Transmission Corporation Officers and qualifying associates are eligible to receive a car allowance. The amounts range from $6000 to $12000. Amounts received are not grossed up for income tax purposes and the respective amount is reflected as part of gross wages, box 1, form W-2 for each respective individual receiving an allowance. Car allowances are reviewed annually. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (3 entries)
| Business Name Line2IssuerName/BusinessNameLine2 | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| Georgia Development Authorities | |||||||
| Oglethorpe Power Corporation Project Series 2007A Due 2039 | 121342MB2 | 2008-04-04 | 27105000 | Pollution Control Revenue Bonds | 0 | 0 | 0 |
| Georgia Development Authorities | |||||||
| Oglethorpe Power Corporation Project Series 2007B Due 2038 | 121342MC0 | 2008-04-04 | 27210000 | Polluiton Control Revenue Bonds | 0 | 0 | 0 |
| Georgia Development Authorities | |||||||
| Oglethorpe Power Corporation Project Series 2008D Due 2040 | 121342MS5 | 2008-12-10 | 40150000 | Pollution Control Revenue Bonds | 0 | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (3 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Year Of Subst CompletionYearOfSubstCompletion | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1979 | 0 | 0 | 1 | 1 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1979 | 0 | 0 | 1 | 1 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1979 | 0 | 0 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (3 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (3 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 0 | 1 | 0 | 0 | 0 | 0 |
| 0 | 1 | 0 | 0 | 0 | 0 |
| 0 | 1 | 0 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| F990_P06_S0A_L06 | Form 990, Part VI, Section A, Line 6 | Georgia Transmission Corporation ("GTC") is a tax exempt 501(c)(12) entity whose membership consists of 39 EMC's in the state of Georgia and Oglethorpe Power Corporation, a Georgia electric membership corporation not for profit cooperative. |
| F990_P06_S0A_L07a | Form 990, Part VI, Section A, Line 7a | The corporation has members who elect members of the governing body as provided for in its bylaws. |
| F990_P06_S0A_L07b | Form 990, Part VI, Section A, Line 7b | Certain decisions of the governing body are subject to approval by members as provided for in its bylaws. |
| F990_P06_S0B_L11a | Form 990, Part VI, Section B, Line 11a | Form 990 is prepared internally by Georgia Transmission Corporation ("GTC"). the preparer is a licensed CPA in the state of Georgia. Information is accumulated from the GTC financial statements and supporting detail for the respective tax year. Form 990 is prepared and documented accordingly. A draft of form 990 is reviewed by two additional CPA's, one internal to GTC and one external to GTC. All comments from the review process are documented, addressed and if appropriate, any necessary changes are made to the Form 990. Once changes are made, the draft form 990 is discussed with the reviewer to ensure all review points are cleared. Once a draft copy of the Form 990 is complete, it is submitted to the Board for review. Any subsequent comments and requested changes will be reviewed and addressed accordingly. The final version of the Form 990 will then be e-filed accordingly. |
| F990_P06_S0B_L12c | Form 990, Part VI, Section B, Line 12c | Georgia Transmission Corporation ("GTC") maintains a corporate policy that provides guidelines and standards for the employees and directors of GTC to avoid conflicts of interest or any appearance of conflicts of interest, so that the affairs of GTC may be carried out in a businesslike and ethical manner. At time of hiring, all employees are required to review this policy and sign an acknowledgement that they have received and understand the policy. To ensure continued compliance with this policy, GTC internal Audit coordinates the mail out and receipt of questionnaires annually to all associates and board members, which require these individuals to disclose any potential conflicts of interest. An audit is performed of all disclosures to determine whether an actual conflict of interests exists and what actions need to be taken, Results of the audit are reported to the Audit committee of the Board. |
| F990_P06_S0B_L15 | Form 990, Part VI, Section B, Line 15 | Georgia Transmission Corporation ("GTC") has a compensation committee that is a subset of the Board of Directors. GTC's CEO salary is market reviewed annually and submitted by Human Resources to the committee for approval. The committee would then present the salary increase recommendation to the Board of Directors for final approval. |
| F990_P06_S0C_L19 | Form 990, Part VI, Section C, Line 19 | Currently, Georgia Transmission Corporation publishes its financial statements in pdf format on its website, www.gatrans.com Any governing documents and conflict of interest policy are available on the intercompany document retrieval system, but are available upon request by the general public. |
| F990_P12_S00_L03b | Form 990, Part XII, Line 3b | The corporation received monies from FEMA in late 2010. As a result of the award, GTC is undergoing the required A-133 audit for 2010 during a tentative time frame of May 2011 to June 2011. The audit is expected to be completed by the end of June 2011. |