Nonprofit · EIN 51-0520207
AMICALOLA ELECTRIC MEMBERSHIP CORPORATION VEBA TR
Also known as GIBSON CHARLES TTEE
Tax-exempt · JASPER, GA 30143
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,396,355 | $753,512 | $1,642,843 | $22,766,081 | $0 | $22,766,081 |
| December 31, 2024 | 990 | $1,727,269 | $711,103 | $1,016,166 | $21,123,239 | $0 | $21,123,239 |
| December 31, 2023 | 990 | $2,039,925 | $583,667 | $1,456,258 | $20,107,073 | $0 | $20,107,073 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $638,537
- Investment income
- $1,498,603
- Net gain from sales of assets
- $898,046
- Other revenue
- $259,215
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $638,537
- Compensation of officers, directors and key employees
- $114,975
- Salaries, compensation and benefits (total)
- $114,975
- Professional fundraising fees
- $0
- Program services (functional)
- $753,512
Balance sheet and other
- Total assets, start of year
- $21,123,238
- Total assets, end of year
- $22,766,081
- Total liabilities, end of year
- $0
- Net assets, end of year
- $22,766,081
- Net assets with donor restrictions
- $22,766,081
- Gross receipts
- $21,645,780
- Employees
- 0
- Year formed
- 2004
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REGIONS MORGAN KEEGAN TRUST | TRUSTEE Institutional trustee | 2 | $114,975 |
990 for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REGIONS MORGAN KEEGAN TRUST | TRUSTEE Institutional trustee | 2 | $109,940 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REGIONS MORGAN KEEGAN TRUST | TRUSTEE Institutional trustee | 2 | $103,453 |
Address and contacts
- Address (IRS master file)
- 544 HIGHWAY 515 S, JASPER, GA 30143-4831
- In care of
- % ROBERT L PAYNE
- Principal officer (990 for 2025)
- TODD PAYNE, 544 HIGHWAY 515 SOUTH, JASPER, GA 30143
- Signed the 990
- TODD PAYNE, CEO - AMICALOLA EMC
- Phone
- (706) 253-5200
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
TO PROVIDE CERTAIN RETIREE HEALTH BENEFITS FOR THOSE EMPLOYEES OF AMICALOLA ELECTRIC MEMBERSHIP CORPORATION (AMICALOLA EMC) COVERED BY AMICALOLA EMC'S POSTRETIREMENT HEALTHCARE PLAN.
Program accomplishments
- TO PROVIDE RETIREE HEALTH BENEFITS FOR EMPLOYEES OF AMICALOLA EMC.Expenses $753,512
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0520207
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $22,766,081
- Income (IRS master file)
- $21,645,780
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,396,355 | $753,512 | $22,766,081 | XML |
| 990 | December 2024 | $1,727,269 | $711,103 | $21,123,239 | IRS |
| 990 | December 2023 | $2,039,925 | $583,667 | $20,107,073 | XML |
| 990 | December 2022 | -$2,430,316 | $570,710 | $18,650,815 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0520207).
Questions about AMICALOLA ELECTRIC MEMBERSHIP CORPORATION VEBA TR
- What is the EIN of AMICALOLA ELECTRIC MEMBERSHIP CORPORATION VEBA TR?
- The employer identification number (EIN) of AMICALOLA ELECTRIC MEMBERSHIP CORPORATION VEBA TR is 51-0520207.
- Is AMICALOLA ELECTRIC MEMBERSHIP CORPORATION VEBA TR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2005.
- Are donations to AMICALOLA ELECTRIC MEMBERSHIP CORPORATION VEBA TR tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AMICALOLA ELECTRIC MEMBERSHIP CORPORATION VEBA TR file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AMICALOLA ELECTRIC MEMBERSHIP CORPORATION VEBA TR due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMICALOLA ELECTRIC MEMBERSHIP CORPORATION VEBA TR last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of AMICALOLA ELECTRIC MEMBERSHIP CORPORATION VEBA TR?
- The 990 for the year ended December 31, 2025 names TODD PAYNE.
- Who are the officers and directors of AMICALOLA ELECTRIC MEMBERSHIP CORPORATION VEBA TR?
- The 990 for the year ended December 31, 2025 lists 1 person; 1 received compensation from the organization, the highest $114,975 (REGIONS MORGAN KEEGAN TRUST, TRUSTEE).
- How much revenue does AMICALOLA ELECTRIC MEMBERSHIP CORPORATION VEBA TR have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,396,355, expenses of $753,512 and total assets of $22,766,081 at year end.
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