Nonprofit · EIN 58-0198155
COBB ELECTRIC MEMBERSHIP CORPORATION
Tax-exempt · MARIETTA, GA 30060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $476,195,986 | $473,895,275 | $2,300,711 | $1,430,813,235 | $403,653,630 | $1,027,159,605 |
| December 31, 2024 | 990 | $470,116,546 | $456,727,219 | $13,389,327 | $1,320,768,104 | $437,159,265 | $883,608,839 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $469,768,672
- Investment income
- $1,381,212
- Royalties
- $1,036,381
- Net rental income
- $336,433
- Other revenue
- $5,046,102
Expenses
- Grants and similar amounts paid
- $55,500
- Benefits paid to members
- $10,761,894
- Compensation of officers, directors and key employees
- $1,581,049
- Salaries, compensation and benefits (total)
- $1,581,049
- Professional fundraising fees
- $0
- Depreciation
- $39,785,371
Balance sheet and other
- Total assets, start of year
- $1,320,768,104
- Total assets, end of year
- $1,430,813,235
- Total liabilities, end of year
- $403,653,630
- Net assets, end of year
- $1,027,159,605
- Land, buildings and equipment
- $816,136,618
- Gross unrelated business income
- $3,578,877
- Gross receipts
- $476,195,986
- Employees
- 429
- Year formed
- 1938
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEVAN ESPY | PRESIDENT & Officer | 50 | $830,057 | $0 | $121,126 |
| KELSIE DANIELS | VP-INFO. TEC Highest-paid employee | 50 | $519,517 | $0 | $41,739 |
| TIM SOSEBEE | SR VP-BUSINE Highest-paid employee | 50 | $387,538 | $0 | $138,545 |
| MICHELLE FORTNER | CFO Highest-paid employee | 50 | $448,816 | $0 | $75,696 |
| TIM JARRELL | VP-POWER SUP Highest-paid employee | 50 | $370,683 | $0 | $127,992 |
| TIMOTHY HARSHBARGER | VP-HUMAN RES Highest-paid employee | 50 | $397,754 | $0 | $57,782 |
| BRYAN BOYD | SECRETARY/TR Trustee or director, Officer | 19 | $83,676 | $18,500 | $0 |
| EDWARD CROWELL | DIRECTOR Trustee or director | 15 | $77,676 | $21,500 | $0 |
| ERIC BROADWELL | DIRECTOR Trustee or director | 16 | $77,829 | $17,500 | $0 |
| KELLY P BODNER | CHAIR Trustee or director, Officer | 24 | $68,344 | $21,500 | $0 |
| RUDY R UNDERWOOD | DIRECTOR Trustee or director | 12 | $85,134 | $0 | $0 |
| WILLIAM C SHARP III | VICE CHAIR Trustee or director, Officer | 15 | $63,373 | $18,500 | $0 |
| DAVID V TENNANT | DIRECTOR Trustee or director | 10 | $53,496 | $21,250 | $0 |
| CHARLES M SWANSON | DIRECTOR Trustee or director | 7 | $66,884 | $0 | $0 |
| DAVID MCCLELLAN | DIRECTOR Trustee or director | 15 | $53,454 | $0 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEVAN ESPY | PRESIDENT & Officer | 50 | $843,607 | $0 | $121,645 |
| MICHELLE FORTNER | CFO Highest-paid employee | 50 | $476,305 | $0 | $100,597 |
| TIM SOSEBEE | SR VP-BUSINE Highest-paid employee | 50 | $396,183 | $0 | $133,122 |
| TIM JARRELL | VP-POWER SUP Highest-paid employee | 50 | $363,939 | $0 | $119,291 |
| TIMOTHY HARSHBARGER | VP-HUMAN RES Highest-paid employee | 50 | $391,611 | $0 | $82,274 |
| KELSIE DANIELS | VP-INFO. TEC Highest-paid employee | 50 | $403,116 | $0 | $65,663 |
| RUDY R UNDERWOOD | DIRECTOR Trustee or director | 10 | $101,692 | $20,500 | $0 |
| EDWARD CROWELL | DIRECTOR Trustee or director | 10 | $77,734 | $24,250 | $0 |
| BRYAN BOYD | SECRETARY/TR Trustee or director, Officer | 7 | $94,234 | $2,750 | $0 |
| CHARLES M SWANSON | DIRECTOR Trustee or director | 7 | $76,442 | $19,000 | $0 |
| ERIC BROADWELL | VICE CHAIRMA Trustee or director, Officer | 10 | $81,426 | $2,750 | $0 |
| DAVID V TENNANT | DIRECTOR Trustee or director | 7 | $58,270 | $23,500 | $0 |
| DAVID MCCLELLAN | DIRECTOR Trustee or director | 7 | $61,513 | $19,750 | $0 |
| WILLIAM C SHARP III | DIRECTOR Trustee or director | 10 | $69,147 | $2,750 | $0 |
| KELLY P BODNER | CHAIRMAN Trustee or director, Officer | 10 | $67,368 | $2,750 | $0 |
Address and contacts
- Address (IRS master file)
- 1000 EMC PKWY NE, MARIETTA, GA 30060-7908
- In care of
- % MICHELLE FORTNER
- Principal officer (990 for 2025)
- KEVAN ESPY, 1000 EMC PARKWAY, MARIETTA, GA 30060
- Signed the 990
- MICHELLE FORTNER, CFO
- Phone
- (770) 429-2100
- Website
- HTTPS://WWW.COBBEMC.COM
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
COBB EMC COMMITS TO SAFELY DELIVERING RELIABLE, COMPETITIVELY PRICED ELECTRICITY WHILE BEING ACCOUNTABLE TO OUR MEMBER-OWNERS THROUGH SOUND GOVERNANCE, MANAGEMENT, OPERATING PRACTICES AND IMPROVING QUALITY OF LIFE IN OUR LOCAL COMMUNITIES.
Program accomplishments
- N/A
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 | Check at the IRS |
IRS record
- EIN
- 58-0198155
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Exempt since
- 1942
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,430,813,235
- Income (IRS master file)
- $476,195,986
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $476,195,986 | $473,895,275 | $1,430,813,235 | XML |
| 990 | December 2024 | $470,116,546 | $456,727,219 | $1,320,768,104 | XML |
| 990 | December 2022 | $472,050,608 | $459,841,282 | $1,177,341,705 | 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 58-0198155).
Questions about COBB ELECTRIC MEMBERSHIP CORPORATION
- What is the EIN of COBB ELECTRIC MEMBERSHIP CORPORATION?
- The employer identification number (EIN) of COBB ELECTRIC MEMBERSHIP CORPORATION is 58-0198155.
- Is COBB ELECTRIC MEMBERSHIP CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
- Which annual return does COBB ELECTRIC MEMBERSHIP CORPORATION 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 COBB ELECTRIC MEMBERSHIP CORPORATION 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 COBB ELECTRIC MEMBERSHIP CORPORATION 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 COBB ELECTRIC MEMBERSHIP CORPORATION?
- The 990 for the year ended December 31, 2025 names KEVAN ESPY.
- Who are the officers and directors of COBB ELECTRIC MEMBERSHIP CORPORATION?
- The 990 for the year ended December 31, 2025 lists 15 people; 15 received compensation from the organization, the highest $830,057 (KEVAN ESPY, PRESIDENT &).
- How much revenue does COBB ELECTRIC MEMBERSHIP CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $476,195,986, expenses of $473,895,275 and total assets of $1,430,813,235 at year end.
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