2024-12-11T08:34:07-06:00 2024-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2023-07-01 580370240 NORTH GEORGIA ELECTRIC MEMBERSHIP CORPORATION NORT 7062599441 PO BOX 1407 DALTON GA 307221407 KATHRYN D WEST CEO 7062599441 2024-12-02 1 1 KIM HUSKEY CPA P00958962 4237567771 2024-11-14 2023 2024-10-15 13:58:12Z KATHRYN D WEST PO BOX 1407 DALTON GA 307221407 271273857 0 X WWW.NGEMC.COM X 1936 GA TO PROMOTE AND ENCOURAGE THE USE OF ELECTRIC ENERGY AND MAKE IT AVAILABLE TO CONSUMERS AT THE LOWEST POSSIBLE COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. 5 5 236 0 0 0 0 0 262922610 259944491 1195775 1957541 8485557 9371825 272603942 271273857 25159 41570 411513 0 1615060 18251452 0 0 0 270552210 249800503 272603942 268093525 0 3180332 415304530 449379592 197211892 228300988 218092638 221078604 TO PROMOTE AND ENCOURAGE THE USE OF ELECTRIC ENERGY AND MAKE IT AVAILABLE TO CONSUMERS AT THE LOWEST POSSIBLE COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. 0 0 268093525 NORTH GEORGIA EMC IS A NOT-FOR-PROFIT ELECTRIC COOPERATIVE SERVING OVER 100,000 METERS IN CATOOSA, CHATTOOGA, FLOYD, GORDON, MURRAY, WALKER, AND WHITFIELD COUNTIES. 268093525 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 196 0 1 236 1 0 0 0 0 0 260035253 1957540 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X KATHRYN D WEST CEO 7062599441 PO BOX 1407 DALTON GA 307221407 TED CLARK CHAIRMAN OF THE BOARD 6.04 X 13325 0 0 JOHN HOWARD SECRETARY/TREASURER 8.19 X 14475 0 0 DENIA REESE DIRECTOR 0.77 X 9660 0 0 MARK THOMAS VICE-CHAIRMAN 2.31 X 10630 0 0 JASON PARKER DIRECTOR 2.36 X 14065 0 0 KATHRYN D WEST PRESIDENT AND CEO 60.00 X 350457 0 85496 BRIAN CHILDERS CHIEF INFORMATION OFFICER 50.00 X 203906 0 64494 JEFFERY BROWN VP OPERATION SERVICES 50.00 X 217659 0 80345 KIM GAMEL VP CORPORATE SERVICES 50.00 X 186161 0 69056 ALISA BASARABA VP MEMBER SERVICES 50.00 X 177311 0 62736 PAUL RUUD VP ENGINEERING SERVICES 50.00 X 187714 0 73687 JAMES SATCHER CREW LEADER 48.57 X 158290 0 32255 JAMES ROGERS ASST MANAGER, OPERATION SERV 43.15 X 158290 0 50219 DAVID CRAIG MANAGER OPER SERVICES EAST 40.77 X 151995 0 51682 KYLE L BARFIELD DIRECTOR POWER DELIVERY 40.00 X 149418 0 64262 JAMES B TOWERS MANAGER FIELD ENGINEER 43.08 X 149314 0 65870 2152670 0 700102 13 0 1 0 MARABLE-PIRKLE SERVICES LLC PO BOX 3178 CLEVELAND TN 37320 CONSTRUCTION CONTRACTOR 5736266 WA KENDALL & CO INC PO BOX 831 LAWENCEVILLE GA 30046 RIGHT OF WAY CONTRACTOR 3399768 TREES UNLIMITED PO BOX 10 CAVE SPRINGS GA 30124 RIGHT OF WAY CONTRACTOR 2652493 ALLIED UNDERGROUND SERVICES 165 PEAVINE RD RINGGOLD GA 30736 CONSTRUCTION CONTRACTOR 1954807 WADE METER BOX LLC 430 HIDDEN VALLEY RD LAFAYETTE GA 30728 CONSTRUCTION CONTRACTOR 1691730 5 RESIDENTIAL SALES 221000 169493708 169493708 LARGE COMMERCIAL 221000 61520724 61520724 SMALL COMMERCIAL 221000 22236714 22236714 OUTDOOR LIGHTING 221000 4185290 4185290 UNBILLED ELECTRIC SALES 221000 2508055 2508055 259944491 1957541 1957541 6327162 0 6327162 6327162 6327162 MISC SERVICE REVENUE 221000 1516541 1516541 REVENUE FROM LATE PAYMENTS 221000 1437361 1437361 OTHER ELECTRIC REVENUE 221000 90761 90761 3044663 271273857 269316316 0 1957541 41570 41570 2152670 2152670 16098782 16098782 465981 465981 65653 65653 890531 890531 6015436 6015436 19301399 19301399 291726 291726 COST OF POWER 200427656 200427656 DISTRIBUTION - MAINTENA 13940292 13940292 DISTRIBUTION - OPERATIO 10954869 10954869 CONSUMER ACCOUNTS 4779011 4779011 -7332051 -7332051 268093525 268093525 0 0 2546089 2024906 21455476 28299736 3887001 3876807 6543729 5476272 2197667 2276832 559215474 157374570 373871312 401840904 4571322 5584135 231934 0 415304530 449379592 26773807 32243385 153770926 180907906 16667159 15149697 197211892 228300988 X 862360 869830 0 0 217230278 220208774 218092638 221078604 415304530 449379592 X 3180332 -194366 X X 0 1 X 1 0 3467719 3467719 12191052 3799283 8391769 532899418 153575287 379324131 10657285 10657285 401840904 ADVANCES FROM THE TVA 3973018 ACCUMULATED PROVISION- DEFERRED COMPENSATION 744578 ACCRUED PAYROLL AND BENEFITS 2547616 POST REIREMENT BENEFITS 3302969 CUSTOMER DEPOSITS 4581516 15149697 X 271273857 0 271273857 0 271273857 268093525 0 268093525 0 268093525 PART X, LINE 2: THE CORPORATION FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF ASC TOPIC 740, INCOME TAXES. THE CORPORATION HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING DISCLOSURE, AND THERE ARE NO MATERIAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS. THE CORPORATION'S EVALUATION WAS PERFORMED FOR TAX YEARS ENDED JUNE 30, 2021 THROUGH JUNE 30, 2024, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2024. SCHEDULE D PART VI, LINE 1E THE AMOUNT OF $10,657,285 IS MADE UP OF CONSTRUCTION AND RETIREMENT WORK IN PROGRESS. 1 NORTH GEORGIA ELECTRIC MEMBERSHIP FOUNDATION INC 1850 CLEVELAND HIGHWAY DALTON GA 30722 205770279 501(C)(3) 10000 0 THIS DONATION IS PART OF THE COBANK SHARING SUCCESS GRANT MATCH WHERE COBANK WILL MATCH THE DONATION UP TO $10,000. X X X 0 0 0 KATHRYN D WEST PRESIDENT AND CEO 350457 0 0 0 0 0 42966 0 42530 0 435953 0 0 0 JEFFERY BROWN VP OPERATION SERVICES 217659 0 0 0 0 0 38926 0 41419 0 298004 0 0 0 BRIAN CHILDERS CHIEF INFORMATION OFFICER 203906 0 0 0 0 0 24789 0 39705 0 268400 0 0 0 PAUL RUUD VP ENGINEERING SERVICES 187714 0 0 0 0 0 31826 0 41861 0 261401 0 0 0 KIM GAMEL VP CORPORATE SERVICES 186161 0 0 0 0 0 29429 0 39627 0 255217 0 0 0 ALISA BASARABA VP MEMBER SERVICES 177311 0 0 0 0 0 30325 0 32411 0 240047 0 0 0 JAMES B TOWERS MANAGER FIELD ENGINEER 149314 0 0 0 0 0 26994 0 38876 0 215184 0 0 0 KYLE L BARFIELD DIRECTOR POWER DELIVERY 149418 0 0 0 0 0 26775 0 37487 0 213680 0 0 0 JAMES ROGERS ASST MANAGER, OPERATION SERV 158290 0 0 0 0 0 19193 0 31026 0 208509 0 0 0 DAVID CRAIG MANAGER OPER SERVICES EAST 151995 0 0 0 0 0 27245 0 24437 0 203677 0 0 0 JAMES SATCHER CREW LEADER 158290 0 0 0 0 0 19282 0 12973 0 190545 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 NGEMC IS A MEMBER OWNED ELECTRIC COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS OF NGEMC THROUGH A DEMOCRATIC PROCESS. FORM 990, PART VI, SECTION A, LINE 7B COOPERATIVE MEMBERS MUST APPROVE ANY DISPOSITION OF ALL OR SUBSTANTIALY ALL ASSETS. FORM 990, PART VI, SECTION B, LINE 11B NGEMC'S BOARD OF DIRECTORS WILL REVIEW THE FORM 990 BEFORE SUBMITTING IT TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY ANYTHING THAT IS CONSIDERED TO BE A CONFLICT OF INTEREST AS DEFINED BY NGEMC'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS YEARLY. THE BOARD ALSO APPROVES THE COMPENSATION FOR MANAGEMENT ON A YEARLY BASIS. FORM 990, PART VI, SECTION C, LINE 19 NGEMC WILL PROVIDE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: MEMBERSHIP INCREASE DURING YEAR 7,470. OTHER COMPREHENSIVE INCOME - APBO -201,836. FORM 990, PART XII, LINE 2C: THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. THE BOARD OF DIRECTORS IS IN CHARGE OF THE OVERSIGHT OF THE AUDIT. OHMNI SERVICES OF NORTH GEORGIA 1850 CLEVELAND HWY DALTON GA 30721 843713863 HOLDING COMPANY GA NORTH GEORGIA ELECTRIC MEMBERSHIP C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0