Mitchell Electric Membership
- Assets
- $197.7m
- Revenue
- $71.4m
- Investments
- $0.0
- Employees
- 100
- Location
- Camilla, GA
- Founding
- 12/1942
- Data as of
- 12/2022
- EIN
- 58-0353974
Organization Overview
Mitchell Electric Membership is located in Camilla, GA. The organization was established in 1942. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Mitchell Electric Membership employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mitchell Electric Membership is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, Mitchell Electric Membership generated $71.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $71.4m during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OR SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Lucius Adkins Jr Chairman | OfficerTrustee | 12.75 | $22,700 |
John B Johnson Sr Vice Chairma | OfficerTrustee | 9 | $22,495 |
Doyle M Medders Sec-Treas | OfficerTrustee | 5 | $22,744 |
T Ralph Davis Jr Director | Trustee | 6.5 | $24,264 |
Max R Lewis Jr Director | Trustee | 5.5 | $22,837 |
Billy Senkbeil Director | Trustee | 6.5 | $26,264 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackout Solutions Llc Contract Lineme | 12/30/22 | $589,650 |
Mvw Builders Construction | 12/30/22 | $573,139 |
Electricom Fiber Contracto | 12/30/22 | $376,883 |
Mumphery Electric Electrical Cont | 12/30/22 | $151,008 |
Conexon Llc Fiber Contracto | 12/30/22 | $330,112 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $71,441,581 |
| Investment income | $44,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $71,421,657 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,171,412 |
| Compensation of current officers, directors, key employees. | $647,754 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $979,692 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,923,787 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,001,400 |
| Insurance | $0 |
| All other expenses | $4,616,806 |
| Total functional expenses | $71,421,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,626,237 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,165,287 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,447,174 |
| Prepaid expenses and deferred charges | $200,415 |
| Net Land, buildings, and equipment | $150,928,581 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $31,955,932 |
| Intangible assets | $0 |
| Other assets | $375,801 |
| Total assets | $197,699,427 |
| Accounts payable and accrued expenses | $9,727,841 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $73,037,463 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,136,288 |
| Total liabilities | $103,901,592 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $93,797,835 |
| Total liabilities and net assets/fund balances | $197,699,427 |