Georgia Electric Membership Corporation
- Assets
- $13.0m
- Revenue
- $17.0m
- Investments
- $0.0
- Employees
- 43
- Location
- Tucker, GA
- Founding
- 11/1978
- Data as of
- 12/2023
- EIN
- 58-0530279
Organization Overview
Georgia Electric Membership Corporation is located in Tucker, GA. The organization was established in 1978. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Georgia Electric Membership Corporation employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Georgia Electric Membership Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Georgia Electric Membership Corporation generated $17.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $16.4m during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE EMCS OF GEORGIA BY PROVIDING MEMBER-FOCUSED LEADERSHIP AND A UNIFIED VOICE THROUGH ADVOCACY, EDUCATION AND COMMUNICATION.
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 |
|---|---|---|---|
Dennis Chastain President & | Officer | 40 | $441,927 |
Kevin Curtin Senior VP | 40 | $402,125 | |
Jennifer Bruce CFO - Gemc | 40 | $356,568 | |
Pat Merritt Vp-Comm & Ec | 40 | $265,399 | |
Lindsay Bridges Sr Vp-Comm/m | 40 | $238,396 | |
Harry Reeves Vice Preside | 40 | $240,748 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Centergy One Associates Llc Business Serv | 12/30/23 | $182,369 |
Brep 9 Select Va Holdco Llc B9 Select Resi Va Owner Llc Lodging Service | 12/30/23 | $109,886 |
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 | $16,976,309 |
| Investment income | $0 |
| 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 | $16,976,309 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $634,734 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,510,867 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,820,335 |
| Payroll taxes | $401,116 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $296,391 |
| Fees for services: Accounting | $31,450 |
| 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 | $2,251,142 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $617,456 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $266,345 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $75,170 |
| All other expenses | $1,551,221 |
| Total functional expenses | $16,365,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,454,766 |
| Savings and temporary cash investments | $50,470 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $370,218 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $541,685 |
| Net Land, buildings, and equipment | $355,400 |
| Investments—publicly traded securities | $567,712 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $627,321 |
| Total assets | $12,967,572 |
| Accounts payable and accrued expenses | $332,943 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,220,439 |
| Total liabilities | $2,553,382 |
| Net assets without donor restrictions | $10,414,190 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $12,967,572 |