TRI-STATE ELECTRIC MEMBERSHIP CORP

Address
PO BOX 68
MCCAYSVILLE, GA 30555
Contact
Website: http://www.tsemc.net
Phone: +1 (706) 492-3251
Nonprofit
EIN: 62-0459672
Year formed: 1971

Mission

TO PROVIDE ENERGY TO RURAL AREAS.
 20172016201520142013
Basic features of the organization
Year of formation1971
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$185,619.00$179,321.00$175,686.00$178,832.00$167,761.00
Number of employees4646464651
Number of people compensated >$100k11111
Number of volunteers00000
Number of highly compensated contractors1111 
Personnel
Anderson, William
Title   PRESIDENTPRESIDENT
Name of key/compensated person   WILLIAM GRADY ANDERSONWILLIAM GRADY ANDERSON
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   1.001.00
Reportable compensation from org   $2,275.00$2,275.00
Other comp, non-reportable, from org and related orgs   $22,252.00$20,530.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Chastain, Stacy
TitleGENERAL MANAGERGENERAL MANAGERGENERAL MANAGERGENERAL MANAGERGENERAL MANAGER
Name of key/compensated personSTACY CHASTAINSTACY CHASTAINSTACY CHASTAINSTACY CHASTAINSTACY CHASTAIN
Position of compensated person
Average hours per week working for org40.0040.0050.0040.0050.00
Reportable compensation from org$168,944.00$163,137.00$158,636.00$161,557.00$151,111.00
Other comp, non-reportable, from org and related orgs$78,309.00$76,098.00$72,843.00$61,690.00$56,310.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Landrum, Mary
TitleSECRETARY/TREASURERSECRETARY/TREASURERSECRETARY/TREASURERSECRETARY/TREASURERSECRETARY/TREASURER
Name of key/compensated personMARY LOUISE LANDRUMMARY LOUISE LANDRUMMARY LOUISE LANDRUMMARY LOUISE LANDRUMMARY LOUISE LANDRUM
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org4.004.004.001.001.00
Reportable compensation from org$2,275.00$1,784.00$2,450.00$2,275.00$2,275.00
Other comp, non-reportable, from org and related orgs$11,069.00$11,072.00$11,251.00$11,264.00$10,352.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Miller, Jesse
TitleVICE PRESIDENTVICE PRESIDENTVICE PRESIDENTDIRECTORDIRECTOR
Name of key/compensated personJESSE MILLERJESSE MILLERJESSE MILLERJESSE MILLERJESSE MILLER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org5.005.005.001.001.00
Reportable compensation from org$2,275.00$2,275.00$2,275.00$2,275.00$2,275.00
Other comp, non-reportable, from org and related orgs$29,514.00$30,474.00$31,384.00$31,425.00$27,333.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Pack, Jerry
TitlePRESIDENTPRESIDENTPRESIDENTVICE PRESIDENTVICE PRESIDENT
Name of key/compensated personJERRY PACKJERRY PACKJERRY PACKJERRY PACKJERRY PACK
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org10.0010.0010.001.001.00
Reportable compensation from org$3,025.00$3,025.00$3,825.00$3,625.00$3,225.00
Other comp, non-reportable, from org and related orgs$21,980.00$21,702.00$23,783.00$31,425.00$27,333.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Postell, Bill
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personBILL JOE POSTELLBILL JOE POSTELLBILL JOE POSTELLBILL JOE POSTELLBILL JOE POSTELL
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org6.006.006.001.001.00
Reportable compensation from org$2,275.00$2,275.00$2,900.00$2,275.00$2,575.00
Other comp, non-reportable, from org and related orgs$11,076.00$11,075.00$11,258.00$11,275.00$15,469.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Quintrell, Jim
TitleDIRECTORDIRECTORDIRECTORDIRECTORDIRECTOR
Name of key/compensated personJIM QUINTRELLJIM QUINTRELLJIM QUINTRELLJIM QUINTRELLJIM QUINTRELL
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org3.003.003.001.001.00
Reportable compensation from org$2,275.00$2,275.00$2,450.00$2,275.00$1,750.00
Other comp, non-reportable, from org and related orgs$11,087.00$11,086.00$11,257.00$11,243.00$7,764.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Ritchie, Ray
Title   DIRECTORDIRECTOR
Name of key/compensated person   RAY RITCHIERAY RITCHIE
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   1.001.00
Reportable compensation from org   $2,275.00$2,275.00
Other comp, non-reportable, from org and related orgs   $11,275.00$13,801.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Rogers, Hugh
TitleDIRECTORDIRECTORDIRECTORDIRECTOR 
Name of key/compensated personHUGH ROGERSHUGH ROGERSHUGH ROGERSHUGH ROGERS 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org5.005.005.001.00 
Reportable compensation from org$2,275.00$2,275.00$1,750.00$0.00 
Other comp, non-reportable, from org and related orgs$11,087.00$11,118.00$7,487.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Stiles, Tom
TitleDIRECTORDIRECTORDIRECTORDIRECTOR 
Name of key/compensated personTOM STILESTOM STILESTOM STILESTOM STILES 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org3.003.003.001.00 
Reportable compensation from org$2,275.00$2,275.00$1,400.00$0.00 
Other comp, non-reportable, from org and related orgs$11,069.00$11,068.00$5,615.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE ELECTRIC ENERGY TO RURAL AREAS.TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS.TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS.TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS.TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS.
Program service expenses, total$35,012,426.00 $33,730,093.00$33,371,280.00$32,352,795.00
Programs, including revenue & expenses
PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 18,958 CUSTOMERS.
Program expenses$35,012,426.00 $33,730,093.00$33,371,280.00$32,352,795.00
Program revenue$35,760,344.00 $34,638,760.00$34,364,231.00$33,266,508.00
Program descriptionPROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 18,958 CUSTOMERS.PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 18,716 CUSTOMERS.PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 18,254 CUSTOMERS.PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 18,254 CUSTOMERS.PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 18,099 CUSTOMERS.
Financial data
Revenue
Total revenue$35,760,344.00$34,262,412.00$35,265,858.00$34,985,200.00$33,874,203.00
Revenue from contributions (total)$113,806.00$113,806.00$113,806.00$113,806.00$113,806.00
Investment income, current yr$314,424.00$168,178.00$216,519.00$310,268.00$234,055.00
Total revenue from grants, etc., current yr$113,806.00$113,806.00$113,806.00$113,806.00$113,806.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$536,236.00$522,940.00$516,376.00$530,567.00$494,964.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$34,795,878.00$33,457,488.00$34,419,157.00$34,030,559.00$33,031,378.00
Gross receipts$35,762,278.00$34,265,649.00$35,268,996.00$35,011,277.00$33,875,893.00
Sources of contributions
Revenue from gov't grants$113,806.00$113,806.00$113,806.00$113,806.00$113,806.00
Other types of revenue
Income from dividends, interest, and similar investments$314,424.00$168,178.00$216,519.00$310,268.00$234,055.00
Net rental income$536,047.00$523,008.00$513,292.00$507,163.00$493,889.00
Net inventory sales (total)$189.00-$68.00$3,084.00$23,404.00$1,075.00
Expense categories (totals)
Total functional expenses: sum of all$35,012,426.00$33,541,806.00$33,730,093.00$33,371,280.00$32,352,796.00
Fees for services
Legal fees (total)$9,256.00$12,957.00$16,494.00$12,951.00$15,935.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$59,053,279.00$57,356,307.00$59,949,380.00$57,659,342.00$55,109,914.00
Total assets, beginning of year$57,356,307.00$60,703,497.00$57,659,342.00$55,109,914.00$52,476,636.00
Total liabilities$30,962,638.00$29,877,756.00$33,120,500.00$32,412,542.00$31,534,624.00
Total liabilities, beginning of year$29,877,756.00$33,874,617.00$32,412,542.00$31,534,624.00$30,565,328.00
Net assets$28,090,641.00$27,478,551.00$26,828,880.00$25,246,800.00$23,575,290.00
Net assets, beginning of year$27,478,551.00$26,828,880.00$25,246,800.00$23,575,290.00$21,911,308.00
Other liabilities$5,081,037.00$4,711,929.00$3,748,703.00$3,680,278.00$3,647,965.00
Other assets$918,533.00$1,138,068.00$1,355,356.00$1,538,173.00$1,754,719.00
Cash: non-interest bearing$8,576,598.00$6,830,558.00$9,471,520.00$7,434,377.00$6,444,974.00
Cash: non-interest bearing, beginning of year$6,830,558.00$9,471,520.00$7,434,377.00$6,444,974.00$3,625,216.00
Investments -- program-related$677,054.00$670,742.00$666,888.00$653,236.00$637,717.00
Inventories for sale or use$837,636.00$688,231.00$739,535.00$726,763.00$645,680.00
Other financial variables
Revenue less expenses$747,918.00$720,606.00$1,535,765.00$1,613,920.00$1,521,407.00
Advertising (total)$78,635.00$90,640.00$85,367.00$84,473.00$84,978.00
Accounts receivable, net$1,685,342.00$1,656,702.00$1,727,060.00$1,777,299.00$1,730,420.00
Prepaid expenses & deferred charges$1,661,038.00$1,845,697.00$2,038,749.00$2,064,154.00$261,571.00
Accounts payable & accrued expenses$4,960,983.00$4,882,777.00$4,898,357.00$4,741,455.00$4,570,139.00
Secured mortgages and notes payable$20,920,618.00$20,283,050.00$24,473,440.00$23,990,809.00$23,316,520.00
Total net assets or fund balances$28,090,641.00$27,478,551.00$26,828,880.00$25,246,800.00$23,575,290.00
Depreciation, depletion, amortization$2,682,499.00$2,533,211.00$2,479,460.00$2,418,863.00$2,380,216.00
Governance and accountability
Number of voting members77777
Number of independent voting members77777
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-07-012015-07-012014-07-012013-07-012012-07-01
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2017-11-022017-01-172016-01-262014-10-152014-01-09
IRS schema version2016v3.02015v2.12014v5.02013v3.02012v2.1
Filing identifier201712519349300611201642639349300209201542959349300249201442659349300004201322899349300237
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