2024-04-01T09:58:56-04:00 2023-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2023-01-01 580465897 DIVERSE POWER INCORPORATED DIVE 7068452000 1400 SOUTH DAVIS ROAD LAGRANGE GA 30241 R WAYNE LIVINGSTON PRESIDENT/CEO 7068452000 2024-03-28 true RALPH LIVINGSTON XXX-XX-XXXX false WILLIAM R ROUNTREE P01231836 4787466277 2024-04-01 2023 2023-04-26 12:10:37Z ATTN ANDREW KILGORE R WAYNE LIVINGSTON 1400 SOUTH DAVIS ROAD LAGRANGE GA 30241 117227225 false X SEE SCHEDULE O X 1936 GA 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. 8 8 151 0 0 117621137 117078680 95026 148545 113173 0 117829336 117227225 0 9372763 6828082 758944 804621 0 0 107697629 109594522 117829336 117227225 0 239882222 255497385 161164529 169972512 78717693 85524873 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. false false 117227225 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. 117227225 false false false false false false false false false true false true false true false false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 26 0 true 151 true false false false false false 112746384 1199274 false false false X 8 8 false false false false true true true true true false false true true true true true true true true false GA X ANDREW KILGORE 7068452000 1400 SOUTH DAVIS RD LAGRANGE GA 30241 X CHARLES KNIGHT CHAIRMAN 6.00 X X 28600 0 0 WILLIAM COUCH VICE CHAIRMA 7.00 X X 28500 0 0 KIM CURRY SECRETARY 6.00 X X 27600 0 0 JIMMY G BAILEY DIRECTOR 9.00 X 27500 0 0 HARRELL LANDRETH DIRECTOR 6.00 X 26100 0 0 DAVID MURPHY DIRECTOR 8.00 X 22800 0 0 BRAD MORGAN DIRECTOR X 0 0 0 RICHARD WILLIAMS DIRECTOR 10.00 X 26300 0 0 LARRY KEITH DIRECTOR 8.00 X 17500 0 0 ROY TOLLERSON JR DIRECTOR 4.00 X 22200 0 0 LARRY WILLIAMSON DIRECTOR 12.00 X 24800 0 0 CHERYL MEADOWS DIRECTOR EME 0.00 X 12000 0 0 R WAYNE LIVINGSTON PRESIDENT/CE 50.00 X 477941 0 62780 RANDY SHEPARD SVP-CBO 50.00 X 317740 0 70442 ANDREW KILGORE SVP-CFO 50.00 X 224295 0 68937 JAMIN BLAIR SVP-CENGO 50.00 X 221862 0 91086 CHARLES REDMOND VP-STAKING & 50.00 X 184674 0 53001 STEVE TITTLE VP-IT 50.00 X 176244 0 62033 1866656 408279 57 true true false MAX ENGINEERING AND UTILITY CONSTRUC 5103 HAYNES CT COVINGTON GA 30014 FIBER CONSTRUCT 1173025 DEAN'S COMMERICAL TWO-WAY PO BOX 489 CATAULA GA 31804 COMM. SUPPORT 265650 SUNBELT SOLOMON SERVICES HWY 58 S INDUSTRIAL PARK DECATUR TN 37322 TRANSFOMER REP. 260261 OSMOSE UTILITIES SERVICES PO BOX 117284 ATLANTA GA 30368 POLE INSPECTION 203871 US DENT COMPANY 120 BAGWELL DRIVE PELZER SC 29669 VEHICLE REPAIR 201545 5 ELECTRIC REVENUE 221000 112746357 112746357 OTHER CAPITAL CREDITS 221000 2661925 2661925 POLE RENTAL 221000 1670398 1670398 117078680 148545 148545 117227225 117078680 148545 6828082 792621 12000 6323263 10131575 PURCHASED POWER 72634324 DISTRIBUTION MAINTENANCE 9315991 ADMIN. & GENERAL EXP. 3207445 DISTRIBUTION OPERATIONS 2616939 5364985 117227225 0 0 0 4156518 3648490 15083915 14683945 5924394 5714188 669747 2137374 316244979 111273492 193681722 204971487 100000 1100000 18974893 21739018 1291033 1502883 239882222 255497385 10860224 12784785 139006991 145636521 11297314 11551206 161164529 169972512 X 143997 146457 78573696 85378416 78717693 85524873 239882222 255497385 X 0 6807180 X false true X true true true 2793802 2793802 313451177 111273492 202177685 204971487 GTC 5982458 C GRESCO 4298447 C COBANK 2673260 C GA ROW 2499823 C CFC 1513244 C CFC MEMBER CAPITAL SECURITIES 1500000 C GA TRANSMISSION 943442 C CTC'S 766710 C SMARR EMC 647084 C FEDERATED 423298 C SEDC 249114 C OTHER 242138 C 21739018 ACCUM PROV FOR PENSION & BENEFITS 4070161 REGULATORY LIABILITES - ASC 980 4000000 CONSUMER DEPOSITS 1978162 DEFERRED COMPENSATION 1502883 11551206 117227225 117227225 117227225 110399143 110399143 6828082 6828082 117227225 SCHEDULE D, PAGE 4, PART XII, LINE 4B BENEFITS PAID TO MEMBER CAPITAL ACCOUNTS 6,828,082 X X X X X false true false CHERYL MEADOWS DIRECTOR EMERITUS 12000 12000 R WAYNE LIVINGSTON PRESIDENT/CEO 430572 4448 42921 39600 23180 540721 RANDY SHEPARD SVP-CBO 302091 3283 12366 38727 31715 388182 ANDREW KILGORE SVP-CFO 213779 2500 8016 38540 30397 293232 JAMIN BLAIR SVP-CENGO 210702 2560 8600 60139 30947 312948 CHARLES REDMOND VP-STAKING & ROW 174330 2190 8154 22673 30328 237675 STEVE TITTLE VP-IT 168207 2229 5808 31086 30947 238277 FORM 990 WEBSITE: HTTP://WWW.DIVERSEPOWER.COM/ FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7A THE COOPERATIVE HAS MEMBERS WHICH ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS. THE BYLAWS ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE BOARD AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE CEO IS REVIEWED AND APPROVED AS PROVIDED FOR IN THE COOPERATIVE'S POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED THROUGH THE USE OF A PERFORMANCE REVIEW CONDUCTED BY THE CEO AS PRESCRIBED BY THE COOPERATIVE'S WAGE AND SALARY PLAN. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18. FORM 990, PART VII THE FOLLOWING DIRECTORS SERVED ON THE BOARD DURING THE YEAR, BUT RESIGNED/RETIRED BEFORE DECEMBER 31, 2023: ROY TOLLERSON, JR. LARRY WILLIAMSON LARRY KEITH THE DIVERSE POWER BOARD HAS NINE BOARD SEATS AS OF DECEMBER 31, 2023. THE FORM 990 REQUIRES ALL DIRECTORS THAT SERVED DURING THEY YEAR TO BE REPORTED ON THE FORM 990. AT DECEMBER 31, 2023, EIGHT OF THE NINE SEATS WERE FILLED BY THE FOLLOWING: CHARLES KNIGHT WILLIAM COUCH KIM CURRY JIMMY BAILEY HARRELL LANDRETH RICHARD WILLIAMS DAVID MURPHY BRAD MORGAN - EFFECTIVE DECEMBER 21, 2023 AS OF DECEMBER 31, 2023, THE FOLLOWING SERVE IN THE ROLE OF DIRECTOR EMERITUS: CHERYL MEADOWS LARRY WILLIAMSON LARRY KEITH ROY TOLLERSON, JR. FORM 990, PART XI, LINE 9 CHANGE IN MEMBERSHIPS 2,460 BENEFITS PAID TO MEMBER CAPITAL ACCOUNTS 6,828,082 DONATED CAPITAL 253,113 OTHER COMPREHENSIVE 175,291 OTHER INCREASES 45,777 CAPTIAL CREDITS - RETIRED -497,543 TOTAL 6,807,180 KUDZU NETWORKS INC 1400 SOUTH DAVIS RD LAGRANGE GA 30241 582251441 COMMUNICAT GA DIV POWER C CORP -935718 3400344 1.00000 true false true false true false false false false false false false false false true true false true false false KUDZU NETWORKS INC Q 454341 COST KUDZU NETWORKS INC B 1000000 COST KUDZU NETWORKS INC N 133357 COST KUDZU NETWORKS INC O 1060966 COST SCHEDULE R STATE OF GEORGIA SENATE BILL 2 (GEORGIA LAW), WHICH AMENDED CHAPTER 3 OF TITLE 46, ALLOWS ELECTRIC MEMBERSHIP CORPORATIONS TO ENGAGE IN CERTAIN ACTIVITIES IN ORDER TO FACILITATE THE PROVISION OF BROADBAND SERVICES; TO SPECIFICALLY AUTHORIZE ELECTRIC MEMBERSHIP CORPORATIONS AND THEIR AFFILIATES TO PROVIDE BROADBAND SERVICES; TO PROVIDE FOR AND REVISE DEFINITIONS; TO AUTHORIZE CERTAIN FINANCING AND PARTNERSHIPS FOR THE PROVISION OF BROADBAND SERVICES. AS SUCH, KUDZU NETWORKS, INC. (KUDZU) IS A WHOLLY-OWNED SUBSIDIARY OF DIVERSE POWER,INC (DIVERSE). KUDZU IS A PROVIDER OF RETAIL BROADBAND SERVICES. DIVERSE AND KUDZU OPERATE THROUGH A COST ALLOCATION MANUAL APPROVED BY THE GEOGIA PUBLIC SERVICE COMMISSION. THE COST ALLOCATION MANUAL IS DESINGED TO PREVENT CROSS-SUBSIDIZATION BETWEEN THE DIVERSE'S ELECTRIC OPERATIONS AND THE RETIAL BROADBAND OPERATIONS OF KUDZU. KUDZU'S MANAGEMENT COMMITTEE IS MADE UP OF DIVERSE'S EXECUTIVE MANAGEMENT. DIVERSE BOARD MEMBERS SERVE AS GOVERNANCE FOR KUDZU. LOAN GUARANTY: DIVERSE HAS A 20M CREDIT FACILITY WITH A LENDER. 5M OF THE LOAN COMMITMENT IS ALLOCATED TO KUDZU AND GUARANTEED BY DIVERSE. THE AMOUNT OUTSTANDING ON KUDZU'S PORTION OF THE CREDIT FACILITY WAS 5M AS OF DECEMBER 31, 2023. KUDZU ALSO HAS A 500,000 LINE-OF-CREDIT WITH THE LENDER, WHICH IS ALSO GUARANTEED BY DIVERSE. THE LINE-OF-CREDIT DID NOT HAVE AN OUTSTANDING BALANCE AT DECEMBER 31, 2023.