Smarr Emc
- Assets
- $71.7m
- Revenue
- $49.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Tucker, GA
- Founding
- 06/2000
- Data as of
- 12/2021
- EIN
- 58-2423010
Organization Overview
Smarr Emc is located in Tucker, GA. The organization was established in 2000. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smarr Emc 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 12/2021, Smarr Emc generated $49.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $48.7m during the year ending 12/2021. While expenses have increased by 3.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GENERATION OF ELECTRICTY FOR MEMBERS COOPERATIVES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMARR EMC WAS INCORPORATED ON OCTOBER 23, 1998 UNDER THE GEORGIA ELECTRIC MEMBERSHIP CORPORATION ACT, AND OPERATES AS A MEMBERSHIP COOPERATIVE. SMARR EMC HAS 35 MEMBERS, EACH OF WHICH IS AN ELECTRIC DISTRIBUTION COOPERATIVE THAT OPERATES ON A COOPERATIVE BASIS AND QUALIFIES AS AN EXEMPT LIKE ORGANIZATION UNDER SECTION 501(C)(12)(A) OF THE THE INTERNAL REVENUE CODE OF 1986 AS AMENDED. EACH OF THE MEMBERS PROVIDES RETAIL ELECTRIC SERVICE ON A NOT-FOR-PROFIT BASIS TO RESIDENTIAL, COMMERCIAL AND INDUSTRIAL CUSTOMER WITHIN A SPECIFIC GEOGRAPHIC AREA OF GEORGIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
D Ronnie Lee Director/president | OfficerTrustee | 1.5 | $0 |
Vacant Secretary | Officer | 0.01 | $0 |
Elizabeth B Higgins Treasurer | Officer | 0.4 | $0 |
Gary A Miller Director | Trustee | 1 | $0 |
Shaun Mock Director | Trustee | 1 | $0 |
Edward M Brinson Jr Director | Trustee | 1 | $0 |
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 | $49,704,893 |
| Investment income | -$23,246 |
| 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 | $49,681,647 |
| 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. | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,441,595 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $48,681,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,795,120 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,867,362 |
| 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 | $0 |
| Net Land, buildings, and equipment | $14,104,541 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $26,247,916 |
| Intangible assets | $0 |
| Other assets | $19,726,195 |
| Total assets | $71,741,134 |
| Accounts payable and accrued expenses | $8,181,507 |
| Grants payable | $0 |
| Deferred revenue | $20,263,925 |
| 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 | $0 |
| Total liabilities | $28,445,432 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $175 |
| Paid-in or capital surplus, or land, building, or equipment fund | $4,586,674 |
| Retained earnings, endowment, accumulated income, or other funds | $38,708,853 |
| Total liabilities and net assets/fund balances | $71,741,134 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Florida Keys Electric Cooperative Assn Inc Tavernier, FL | $200,443,071 | $95,142,745 |
Gulf Coast Electric Coop Inc Wewahitchka, FL | $224,365,619 | $58,878,465 |
Smarr Emc Tucker, GA | $71,741,134 | $49,681,647 |
Pioneer Electric Cooperative Inc Greenville, AL | $91,310,213 | $29,119,242 |
Talquin Water And Wastewater Inc Quincy, FL | $78,166,911 | $14,825,048 |
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Fairpoint Regional Utility System Inc Navarre, FL | $22,276,497 | $3,692,461 |
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Mossy Head Water Works Defuniak Springs, FL | $7,679,548 | $1,340,525 |
Wrp Inc Destin, FL | $26,355,410 | $327,755 |
Sterrett-Vandiver Water System Inc Sterrett, AL | $2,343,775 | $716,706 |
Dewees Utility Corporation Dewees Island, SC | $1,783,599 | $734,885 |