Nonprofit · EIN 58-0417350
SATILLA RURAL ELECTRIC MEMBERSHIP CORP
Tax-exempt · ALMA, GA 31510
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $156,137,692 | $156,137,692 | $0 | $548,987,399 | $395,537,681 | $153,449,718 |
| December 31, 2023 | 990 | $141,083,029 | $141,083,029 | $0 | $390,356,814 | $255,109,601 | $135,247,213 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $150,659,243
- Investment income
- $542,773
- Royalties
- $745,093
- Net gain from sales of assets
- $287,864
- Other revenue
- $4,935,676
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $18,986,228
- Compensation of officers, directors and key employees
- $2,479,246
- Salaries, compensation and benefits (total)
- $2,479,246
- Professional fundraising fees
- $0
- Depreciation
- $12,280,209
Balance sheet and other
- Total assets, start of year
- $390,356,814
- Total assets, end of year
- $548,987,399
- Total liabilities, end of year
- $395,537,681
- Net assets, end of year
- $153,449,718
- Land, buildings and equipment
- $340,681,224
- Gross receipts
- $156,191,986
- Employees
- 173
- Volunteers
- 0
- Year formed
- 1937
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROMEO A REYES | PRESIDENT/CEO Officer | 40 | $393,946 | $108,493 |
| JENNIFER LYNN GAINEY | DIRECTOR, ADMIN SERVICES Officer | 40 | $242,044 | $81,875 |
| EARL B WILLIAMS | IT MANAGER Key employee | 40 | $242,328 | $79,263 |
| James Tucker Jr | Director of Customer Servi Key employee | 40 | $233,461 | $81,592 |
| ROBERT K BENNETT JR | DIRECTOR OF DISTRIBUTION S Key employee | 40 | $236,455 | $78,088 |
| JOHN R SWEAT | DIRECTOR, SYSTEM SERVICES Key employee | 40 | $233,260 | $76,636 |
| BRIAN SCOTT MIKELL | LINE FOREMAN Highest-paid employee | 40 | $228,463 | $65,618 |
| DAVID WALKER | ENGINEERING MANAGER Highest-paid employee | 40 | $205,531 | $76,689 |
| SAMUEL L BOATRIGHT | DIRECTOR, LINE SERVICES Key employee | 40 | $202,055 | $72,445 |
| KEVIN D PEACOCK | AMI MANAGER Highest-paid employee | 40 | $198,071 | $74,855 |
| DAVID DAVIS | ROW DISTRICT COORDINATOR Highest-paid employee | 40 | $189,437 | $74,394 |
| JARVIS MARCHANT | DISTRIC COORDINATOR Highest-paid employee | 40 | $177,851 | $45,790 |
| RL LEWIS JR | DIRECTOR/CHAIRMAN Trustee or director, Officer | 2 | $20,064 | $0 |
| DAVID H BENNETT JR | DIRECTOR Trustee or director | 1 | $20,064 | $0 |
| THOMAS J MORRIS | DIRECTOR/VICE-CHAIRMAN Trustee or director, Officer | 1 | $13,268 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY BOATRIGHT | DIRECTOR/SECRETARY Trustee or director, Officer | 1 | $13,268 |
| HUGH L BRANTLEY | DIRECTOR Trustee or director | 2 | $13,268 |
| SCOTT DAY | DIRECTOR Trustee or director | 1 | $12,668 |
| JAMES W WATERS | DIRECTOR/TREASURER Trustee or director, Officer | 1 | $12,368 |
| J MATT BENNETT | DIRECTOR Trustee or director | 2 | $12,368 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROMEO A REYES | PRESIDENT/CEO Officer | 40 | $307,668 | $100,223 |
| BRIAN SCOTT MIKELL | LINE FOREMAN Highest-paid employee | 40 | $211,244 | $64,430 |
| ROBERT K BENNETT JR | DIRECTOR OF DISTRIBUTION S Key employee | 40 | $200,460 | $72,846 |
| James Tucker Jr | Director of Customer Servi Key employee | 40 | $194,990 | $76,083 |
| JENNIFER LYNN GAINEY | DIRECTOR, ADMIN SERVICES Officer | 40 | $193,103 | $75,475 |
| EARL B WILLIAMS | IT MANAGER Key employee | 40 | $195,125 | $72,737 |
| JOHN R SWEAT | DIRECTOR, SYSTEM SERVICES Key employee | 40 | $183,004 | $70,082 |
| CHRISTIE R MAUFFRAY | ACCT & FINANCE MGR Highest-paid employee | 40 | $178,015 | $73,952 |
| LONNY WHITLEY | SYSTEM SUPPORT MANAGER Highest-paid employee | 40 | $168,450 | $68,116 |
| DAVID WALKER | ENGINEERING MANAGER Highest-paid employee | 40 | $155,795 | $69,095 |
| KEVIN D PEACOCK | AMI MANAGER Highest-paid employee | 40 | $152,930 | $67,636 |
| SAMUEL L BOATRIGHT | DIRECTOR, LINE SERVICES Key employee | 40 | $153,902 | $64,584 |
| RL LEWIS JR | DIRECTOR/CHAIRMAN Trustee or director, Officer | 2 | $19,887 | $0 |
| DAVID H BENNETT JR | DIRECTOR Trustee or director | 1 | $18,587 | $0 |
| HUGH L BRANTLEY | DIRECTOR Trustee or director | 2 | $14,618 | $0 |
| THOMAS J MORRIS | DIRECTOR/VICE-CHAIRMAN Trustee or director, Officer | 1 | $12,818 | $0 |
| JERRY BOATRIGHT | DIRECTOR/SECRETARY Trustee or director, Officer | 1 | $12,818 | $0 |
| JAMES W WATERS | DIRECTOR/TREASURER Trustee or director, Officer | 1 | $11,918 | $0 |
| J MATT BENNETT | DIRECTOR Trustee or director | 2 | $11,918 | $0 |
| SCOTT DAY | DIRECTOR Trustee or director | 1 | $10,618 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 906, ALMA, GA 31510-1006
- Principal officer (990 for 2024)
- ROMEO REYES, 928 HIGHWAY 32 EAST, ALMA, GA 31510
- Signed the 990
- ROMEO REYES, PRESIDENT/CEO
- Phone
- (912) 632-7222
- Website
- www.satillaemc.com
- Return prepared by
- NICHOLS CAULEY & ASSOCIATES LLC
Mission
TO BE RECOGNIZED AS A COMPANY HAVING THE POWER TO MEET THE CHANGING NEEDS AND DEMANDS OF OUR CUSTOMERS BY PROVIDING SUPERIOR ENERGY AND NON-ENERGY RELATED PRODUCTS AND SERVICES.
Program accomplishments
- TO FURNISH OUR MEMBERS WITH DEPENDABLE ELECTRIC SERVICE AT THE LOWEST COST POSSIBLE.Expenses $156,137,692
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 | Not 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
- 58-0417350
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1941
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $548,987,399
- Income (IRS master file)
- $156,191,986
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $156,137,692 | $156,137,692 | $548,987,399 | XML |
| 990 | December 2023 | $141,083,029 | $141,083,029 | $390,356,814 | IRS |
| 990 | December 2022 | $140,969,105 | $140,969,105 | $349,753,639 | 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 58-0417350).
Questions about SATILLA RURAL ELECTRIC MEMBERSHIP CORP
- What is the EIN of SATILLA RURAL ELECTRIC MEMBERSHIP CORP?
- The employer identification number (EIN) of SATILLA RURAL ELECTRIC MEMBERSHIP CORP is 58-0417350.
- Is SATILLA RURAL ELECTRIC MEMBERSHIP CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1941.
- Are donations to SATILLA RURAL ELECTRIC MEMBERSHIP CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SATILLA RURAL ELECTRIC MEMBERSHIP CORP 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 SATILLA RURAL ELECTRIC MEMBERSHIP CORP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SATILLA RURAL ELECTRIC MEMBERSHIP CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SATILLA RURAL ELECTRIC MEMBERSHIP CORP?
- The 990 for the year ended December 31, 2024 names ROMEO REYES.
- Who are the officers and directors of SATILLA RURAL ELECTRIC MEMBERSHIP CORP?
- The 990 for the year ended December 31, 2024 lists 20 people; 20 received compensation from the organization, the highest $393,946 (ROMEO A REYES, PRESIDENT/CEO).
- How much revenue does SATILLA RURAL ELECTRIC MEMBERSHIP CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $156,137,692, expenses of $156,137,692 and total assets of $548,987,399 at year end.
Other nonprofits in ALMA
- BACON COUNTY HEALTH SERVICES INC EIN 58-2224545 · last filed 990 for 2025
- MERCYS BRIDGE RECOVERY CENTER INC NEW HOPE RECOVERY CENTER INC EIN 58-2140961 · last filed 990 for 2025
- SATILLA REMC FOUNDATION INC EIN 58-2510297 · last filed 990 for 2024
- SOUTH GEORGIA POTTERS HOUSE FOR WOMEN INC EIN 47-1556755 · last filed 990 for 2025
- BACON COUNTY SHERIFFS FOUNDATION EIN 92-2434163 · last filed 990 for 2025
- RED RAIDER TOUCHDOWN CLUB INC EIN 45-2651388 · last filed 990 for 2025
- GEORGIA FARM BUREAU FEDERATION EIN 58-0806565 · last filed 990-EZ for 2025
- GEORGIA ACCREDITING COMMISSION INC EIN 23-7449657 · last filed 990-EZ for 2023