Upson Electric Membership Corporation
- Assets
- $38.8m
- Revenue
- $18.5m
- Investments
- $0.0
- Employees
- 27
- Location
- Thomaston, GA
- Founding
- 12/1937
- Data as of
- 12/2022
- EIN
- 58-0470783
Organization Overview
Upson Electric Membership Corporation is located in Thomaston, GA. The organization was established in 1937. 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, Upson Electric Membership Corporation employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upson Electric Membership Corporation 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, Upson Electric Membership Corporation generated $18.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $18.5m during the year ending 12/2022. While expenses have increased by 2.5% 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 OF 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 |
|---|---|---|---|
Rapheal Brumbeloe Chairman | OfficerTrustee | 3 | $10,300 |
Ronnie M Hendricks Vice Chairma | OfficerTrustee | 5 | $33,186 |
Lorenzo Wilder Sr Sec./treasur | OfficerTrustee | 4 | $14,400 |
Ronald Vanhouten Director | Trustee | 4 | $20,381 |
Kenny Coggins Director | Trustee | 4 | $20,831 |
James Meeks Director | Trustee | 5 | $12,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sumter Utilities Inc System Upgrades | 12/30/22 | $221,601 |
Harper's Tree Service Row Contractor | 12/30/22 | $468,898 |
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 | $18,303,806 |
| Investment income | $145,542 |
| 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 | $18,458,644 |
| 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 | $141,472 |
| Compensation of current officers, directors, key employees. | $369,351 |
| 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 | $0 |
| 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 | $280,326 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,001,688 |
| Insurance | $0 |
| All other expenses | $751,240 |
| Total functional expenses | $18,458,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $726,049 |
| Savings and temporary cash investments | $5,828,040 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,950,339 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $700,663 |
| Prepaid expenses and deferred charges | $2,478,908 |
| Net Land, buildings, and equipment | $19,296,288 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $7,797,719 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,778,006 |
| Accounts payable and accrued expenses | $2,240,892 |
| 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 | $8,612,717 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,429,811 |
| Total liabilities | $13,283,420 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $36,125 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $25,458,461 |
| Total liabilities and net assets/fund balances | $38,778,006 |