2025-10-24T15:14:36-04:00 2024-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2024-01-01 580140201 AMICALOLA ELECTRIC MEMBERSHIP CORPORATION AMIC 7062535200 544 HWY 515 SOUTH JASPER GA 31043 TODD PAYNE PRESIDENT & CEO 7062535200 2025-10-21 true false WILLIAM R ROUNTREE P01231836 4787466277 2025-10-24 2024 2025-03-06 01:10:19Z TODD PAYNE 544 HWY 515 SOUTH JASPER GA 30143 119484944 false X HTTPS://WWW.AMICALOLAEMC.COM/ X 1940 GA TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. 9 9 176 0 0 104372970 117608179 2779837 1876765 27435 0 107180242 119484944 0 4057925 1366696 881359 902006 0 0 102240958 117216242 107180242 119484944 0 238951801 257147770 157696143 174764377 81255658 82383393 TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE. false false TO PROVIDE SAFE AND RELIABLE ELECTRICITY TO THE MEMBERS WITHIN THE COUNTIES WE SERVE. false false false false false false false false false true false true true true false true false false false false false false false false false false false false true false false false false false false false false false false false true false false true X 34 0 true 176 true false false false false false 113296799 2075551 false false false X 9 9 false false false false true true true true true false false true true true true true true true true true true GA X PENELOPE MARSHALL 7062535200 544 HWY 515 SOUTH JASPER GA 30143 CHARLES R FENDLEY CHAIRMAN 6.60 X X 29100 0 0 JOHN H BENNETT JR VICE CHAIRMA 10.49 X X 24650 0 0 RANDALL PONDER SEC.-TREAS. 2.00 X X 28800 0 0 TRAVIS CLINE DIRECTOR 5.86 X 30600 0 0 KATHY BURT DIRECTOR 2.95 X 27300 0 0 DAVID J PIERCE DIRECTOR 4.73 X 30900 0 0 REGGIE STOWERS DIRECTOR 4.98 X 29700 0 0 EDWARD TUCKER DIRECTOR 4.85 X 28800 0 0 SHELLEY CANTRELL DIRECTOR 5.37 X 27900 0 0 TODD PAYNE PRESIDENT & 50.00 X 490308 0 153948 PENELOPE MARSHALL EVP & CFO 50.00 X 261639 0 32121 NATHANIEL WEST VP-OPERATION 50.00 X 192620 0 94179 KENNETH PAYNE MGR. OF ENG 50.00 X 175589 0 25671 TODD SATTERFIELD MGR. DISTRIC 50.00 X 170485 0 15442 RONALD MCALLISTER CONST. CREW 50.00 X 188572 0 52514 1736963 373875 60 false true false WHITNER CONSTRUCTION PO BOX 2588 BLUE RIDGE GA 30513 CONSTRUCTION 185084 1 ELECTRIC REVENUE 221000 113296799 113296799 POLE RENTAL 221000 2868098 2868098 OTHER CAPITAL CREDITS 221000 749646 749646 G & T CAPITAL CREDITS 221000 679964 679964 OTHER 221000 13672 13672 117608179 1876765 1876765 119484944 114740081 4744863 1366696 902006 5332771 8584976 PURCHASED POWER 72770827 DISTRIBUTION MAINTENANCE 16008636 ADMIN. & GENERAL EXP. 6799105 CONSUMER ACCOUNTS 3656943 4062984 119484944 0 0 0 2061521 748090 5845830 8124692 8731385 10265827 296844 541387 294868944 99970935 184217184 194898009 13361862 14575714 24437175 27994051 238951801 257147770 13832454 14878073 117234016 134354111 26629673 25532193 157696143 174764377 X 923522 943772 80332136 81439621 81255658 82383393 238951801 257147770 X 0 1127735 X false true X true false 656846 656846 14535612 7114346 7421266 279676486 92856589 186819897 194898009 INVESTMENT - GTC 7861643 C INVESTMENT - GEC 1985829 C INVESTMENT - GRESCO 1732343 C INVESTMENTS - OTHER 1077096 C CFC - CAPITAL TERM CERTIFICATES 823566 C INVESTMENT - SMARR EMC 748898 C INVESTMENT - NRUCFC 346339 C 14575714 POSTRETIREMENT HEALTHCARE BENEFITS 10560483 ACCRUED UTILITY REVENUE 8870739 PREPAID FIBER ACCESS FEES 6244902 DEFERRED COMPENSATION 1392410 NOTE RECEIVABLE 673945 SYSTEM RESTORATION 242213 INTEREST & DIVIDENDS RECEIVABLE 9359 27994051 REGULATORY LIABILITES - ASC 980 11500000 DEFERRED CREDITS 6656445 CONSUMER DEPOSITS 5983338 DEFERRED COMPENSATION 1392410 25532193 122484944 3000000 3000000 119484944 119484944 118118248 118118248 1366696 1366696 119484944 SCHEDULE D, PAGE 4, PART XI, LINE 2D NET DEFERRED REV. RECOGNIZED UNDER ASC 980 3,000,000 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS/BENEFITS PAID TO MEMBERS 1,366,696 X X X false false false TODD PAYNE PRESIDENT & CEO 412507 77048 753 116403 37545 644256 PENELOPE MARSHALL EVP & CFO 218349 42537 753 220 31901 293760 NATHANIEL WEST VP-OPERATIONS/ENG 154710 37157 753 60998 33181 286799 KENNETH PAYNE MGR. OF ENGINEER 142129 32707 753 150 25521 201260 TODD SATTERFIELD MGR. DISTRICT OPS 142025 27707 753 143 15299 185927 RONALD MCALLISTER CONST. CREW LEADER 187557 1015 22106 30408 241086 SCHEDULE J, PART III THE CORPORATION HAS DEPOSITED FUNDS, REPRESENTING DEFERRED COMPENSATION, ON BEHALF OF QUALIFIED EMPLOYEES WHO HAVE ELECTED TO DEFER CERTAIN AMOUNTS OF COMPENSATION. THE CORPORATION IS SUBJECT TO ASSESSMENT FOR ANY AMOUNTS BY WHICH THE MARKET VALUATION OF THE FUNDS MIGHT FALL SHORT OF CONTRACTED AND GUARANTEED AMOUNTS DUE THE EMPLOYEES. THE ANNUAL DEFERRAL OF THE COMPENSATION PLAN IS CALCULATED IN ACCORDANCE WITH IRC SECTION 457, SUBJECT TO CHANGES UNDER IRC SECTION 457(B). FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7A THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE BOARD WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED BY THE BOARD AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI, SECTION C, LINE 18. FORM 990, PART XI, LINE 9 CHANGE IN DONATED CAPITAL 247,552 CHANGE IN MEMBERSHIPS 20,250 PATRONAGE CAPITAL CREDITS 1,366,696 NET DEFERRED REV RECOGNIZED UNDER ASC 980 3,000,000 PATRONAGE CAPITAL CREDIT RETIREMENTS -3,506,763 TOTAL 1,127,735 AMICALOLA EMC TRUST INC 544 HIGHWAY 515 SOUTH JASPER GA 30143 586383300 NONPROFIT GA 3 7 NA false false true false false false false false false false false false false false false false false false false false AMICALOLA EMC TRUST INC B 5061 FMV SCHEDULE R THE CORPORATION'S MEMEBERS CAN PARTICIPATE IN AN OPERATION ROUNDUP PROGRAM AND HAVE THEIR ELECTRIC BILL ROUNDED TO THE NEXT HIGHEST WHOLE DOLLAR EACH MONTH. THESE FUNDS ARE TREATED AS CONTRIBUTIONS TO THE AMICALOLA EMC TRUST (THE FOUNDATION), A NONPROFIT 501(C)(3) ORGANIZATION. THE FOUNDATION MAINTAINS A SEPARATE BOARD OF DIRECTORS WHICH APPROVES CHARITABLE ASSISTANCE TO THE AREAS SERVED BY AMICALOLA ELECTRIC MEMBERSHIP CORPORATION. THE FOUNDATION HAS NO EMPLOYEES. THE TRANSACTIONS BETWEEN THE CORPORATION AND THE FOUNDATION REPORTED ON SCHEDULE R, PART V REPRESENT THE VALUE OF THE SERVICES DONATED BY THE CORPORATION TO THE FOUNDATION.