2025-03-12T08:23:35-05:00 2023-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 1300 BELLEVUE AVENUE DUBLIN GA 310214152 990 2023-01-01 580264525 GRADY ELECTRIC MEMBERSHIP CORPORATION GRAD 2293774182 1499 HWY 84W CAIRO GA 39828 CLAY ULMER CFO 2293774182 2025-03-11 1 0 CAL BRANTLEY CPA P00636393 4782751163 2025-03-11 2023 2025-03-06 01:10:19Z JOHN LONG 1499 HWY 84W CAIRO GA 39828 50846775 0 X WWW.GRADYEMC.COM X 1937 GA SALE OF ELECTRICITY TO COOPERATIVE MEMBERS. 7 7 76 0 0 0 0 0 51872870 49017865 107233 1706618 26493 63876 52006596 50788359 0 0 8282347 8804459 671280 791638 0 0 0 42776115 40449909 51729742 50046006 276854 742353 142481155 160966900 69426904 78721730 73054251 82245170 PROVIDE MEMBERS WITH ELECTRICITY. 0 0 50046006 SALE OF ELECTRICITY TO COOPERATIVE MEMBERS. THE COOPERATIVE SERVES APPROXIMATELY 13,600 MEMBERS. 50046006 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 36 0 1 76 1 0 0 0 0 0 0 0 45450405 5008942 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 GA X CLAY ULMER 2293774182 1499 HWY 84W CAIRO GA 39828 GREGORY BROUILLET SECRETARY/TREASURER 2.00 X X 8000 0 0 ERIC COHEN CHAIRMAN 2.00 X X 18172 0 0 JAMES HAMMETT DIRECTOR 2.00 X 13656 0 0 TERRY HURST VICE CHAIRMAN 2.00 X X 8000 0 0 BLAKE STANALAND DIRECTOR 2.00 X 16172 0 0 LEE POWELL DIRECTOR 2.00 X 21172 0 0 SAMUEL PERKINS DIRECTOR 2.00 X 18672 0 0 JOHN LONG CEO 40.00 X 254456 0 93333 R KYLE HENDERSON COO 40.00 X 144964 0 47243 JOEL CLAY ULMER CFO 40.00 X 126055 0 21743 H SCOTT TALIAFERRO LINE CREW FOREMAN 40.00 X 112604 0 40855 JOHN MARK BRYANT LINE CREW LEADER 40.00 X 115391 0 26087 JOE KEITH HARRELL ENGINEERING MANAGER 40.00 X 120382 0 54808 RUSSELL BARRY BISHOP CONSTRUCTION MANAGER 40.00 X 114158 0 39497 GARY POPPELL LINE CREW FOREMAN 40.00 X 111681 0 45923 1203535 0 369489 9 0 1 0 POWERGRID DISTRIBUTION SVC 2350 HWY 31 NW HARTSELLE AL 35640 DISTRIBUTION SVC 2189509 MEALOR CONSTRUCTION INC 1410 TWIN RIVERS RD GREENSBORO GA 30642 RIGHT OF WAY 1772005 CONEXON LLC 2001 GRAND BLVD SITE 800 KANSAS CITY MO 64108 FIBER INSTALL SERVICES 1114831 TOMBIGEE FIBER 1346 AUBURN RD TUPELO MS 38801 FIBER INSTALL SERVICES 1062920 BENTON TECHNICAL SERVICES 520 8TH AVE SOUTH WILMINGTON IL 60474 TECHNICAL SERVICES 1056965 15 SALE OF ELECTRICITY 221000 45450405 45450405 CAPITAL CREDIT ALLOCATIONS 221000 1749913 1749913 SER, LLC 221000 1448860 1448860 POLE & TOWER RENT 221000 368687 368687 49017865 1626734 1500000 126734 138300 58416 79884 79884 79884 OTHER NON-OPERATING INCOME 221000 63876 63876 63876 50788359 50661625 0 126734 X 8804459 791638 2655425 3852229 COST OF POWER 23939324 DISTRIBUTION MAINTENANC 3827626 GENERAL AND ADMINISTRAT 2321768 DISTRIBUTION OPERATIONS 1997734 1855803 50046006 6128311 6618289 4665180 4868391 1431712 5405272 280614 305521 139477702 30609085 96662265 108868617 31694867 33283534 1618206 1617276 142481155 160966900 8108561 9674919 53475936 61728792 7842407 7318019 69426904 78721730 X 69345 68910 0 0 72984906 82176260 73054251 82245170 142481155 160966900 X 742353 8448566 X X 0 1 X 1 0 514169 514169 138963533 30609085 108354448 108868617 OGLETHORPE POWER CORPORATION 12405726 C GEORGIA TRANSMISSION CORPORATION 3959582 C COBANK 1147687 C GRESCO UTILITY SUPPLY, INC. 1529812 C GEORGIA SYSTEM OPERATIONS CORPORATION 2440 C MERIDIAN COOPERATIVE 202831 C FEDERATED RURAL ELECTRIC INSURANCE EXCHANGE 282996 C GEORGIA ENERGY COOPERATIVE 7132347 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 1952690 C SOWEGA ENERGY RESOURCES, LLC 166830 C GRADY EMC HOLDING CORPORATION 4077242 C GREEN POWER EMC 7073 C NATIONAL RURAL TELECOMMUNICATIONS COOPERATIVE 1794 C SSFF HOLDINGS LLC 414484 C 33283534 POSTRETIREMENT BENEFITS OBLIGATION 5924044 CONSUMER DEPOSITS 1393975 7318019 X PART X, LINE 2: THE CORPORATION OPERATES UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(12), AS A TAX-EXEMPT COOPERATIVE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE CORPORATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. X X 0 0 0 JOHN LONG CEO 239456 0 15000 0 0 0 81255 0 12078 0 347789 0 0 0 R KYLE HENDERSON COO 144964 0 0 0 0 0 35811 0 11432 0 192207 0 0 0 JOE KEITH HARRELL ENGINEERING MANAGER 120382 0 0 0 0 0 43704 0 11104 0 175190 0 0 0 GARY POPPELL LINE CREW FOREMAN 111681 0 0 0 0 0 35030 0 10893 0 157604 0 0 0 RUSSELL BARRY BISHOP CONSTRUCTION MANAGER 114158 0 0 0 0 0 28424 0 11073 0 153655 0 0 0 H SCOTT TALIAFERRO LINE CREW FOREMAN 112604 0 0 0 0 0 29718 0 11137 0 153459 0 0 0 GEORGIA ENERGY COOPERATIVE POWER SUPPLY COOPERATIVE 6697814 PURCHASED POWER CONTRACT AND COOPERATIVE REPRESENATIVE SERVES ON BOARD 0 SOWEGA ENERGY RESOURCES LLC 7.5% OWNERSHIP INTEREST COOPERATIVE REPRESENATIVE SERVES ON BOARD 0 SOWEGA HOLDING CORPORATION SUBSIDIARY INVESTMENT COOPERATIVE REPRESENATIVE SERVES ON BOARD 0 GRADY EMC HOLDING CORPORATION SUBSIDIARY COOPERATIVE REPRESENATIVE SERVES ON BOARD 0 BACONTON POWER LLC SUBSIDIARY INVESTMENT PROVIDE UTILITY SERVICES 0 SCHEDULE L, PART V THE COMPANY HAS REPRESENTATIVES THAT SIT ON THE BOARDS OF VARIOUS ENTITIES INCLUDING:GEORGIA ENERGY COOPERATIVESOWEGA ENERGY RESOURCES, LLCSOWEGA HOLDING CORPORATIONGRADY EMC HOLDING CORPORATIONBACONTON POWER LLC 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 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 BY-LAWS CHANGES, MUST BE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B 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 THE BOARD DISCUSSES THE CONFLICT OF INTEREST POLICY EACH YEAR DURING THE PRESENTATION OF THE TAX RETURN TO THE BOARD. THE BOARD MONITORS ALL DISTRIBUTIONS MONTHLY TO VENDORS AND INQUIRES OF DIRECTORS ANY CONFLICTS ANNUALLY. WE RECOMMEND THE BOARD OF DIRECTORS AND OFFICERS BE REQUIRED TO FILE A CONFLICT OF INTEREST STATEMENT ANNUALLY. THIS STATEMENT SHOULD BE REVIEWED AT A MEETING OF THE DIRECTORS AND DURING THE PRESENTATION OF THE ANNAUL TAX RETURN TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS APPROVES THE GENERAL MANAGER'S COMPENSATION ON AN ANNUAL BASIS USING WAGE STUDIES AND VARIOUS OTHER CRITERIA. ANNUAL COMPENSATION FOR CERTAIN OTHER EMPLOYEES IS INITIALLY SET BY THE GENERAL MANAGER AND IS THEN SUBJECT TO DIRECTORS' APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 SUCH INFORMATION IS AVAILABLE TO THE PUBLIC UPON RECEIPT OF A REASONABLE REQUEST. FORM 990, PART IX, LINE 24E CONSUMER ACCOUNTS 1,576,346. POSTRETIREMENT BENEFIT EXPENSE 268,317. TAXES 11,140. FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIPS -435. RETIREMENTS OF PATRONAGE CAPITAL -990,690. INCREASE IN OTHER EQUITIES DUE TO DISCOUNTS ON ESTATE CAPITAL CREDITS 616,024. K-1 FLOW THROUGH INCOME FROM SOWEGA ENERGY RESOURECES LLC IN EXCESS OF BOOK -712,347. BENEFITS PAID TO MEMBERS 8,804,459. OTHER COMPREHENSIVE INCOME 761,561. GRADY EMC HOLDING CORPORATION DIVIDENDS IN EXCESS OF BOOK INCOME -30,006. PART XII, LINE 2C THE CORPORATION HAS NOT SIGNIFICANTLY CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. SUGAR CANE PROPERTIES LLC 1499 HIGHWAY 84 WEST CAIRO GA 39828 453188451 REAL ESTATE GA 8203 1645229 GRADY ELECTRIC MEMBERSHIP CORPORATION SOWEGA ENERGY RESOURCES LLC 1499 HIGHWAY 84 WEST CAIRO GA 39828 582538051 ELECTRIC POWER GENERATION GA RELATED 737681 166830 0 0 0.07500 GRADY EMC HOLDING CORPORATION 1499 HIGHWAY 84 WEST CAIRO GA 39828 421580055 ELECTRIC POWER GENERATION GA N/A C 1654239 3761487 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0