Nonprofit · EIN 58-0516995
COWETA FAYETTE ELECTRIC MEMBERSHIP
Tax-exempt · PALMETTO, GA 30268
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $245,166,432 | $232,059,953 | $13,106,479 | $513,776,134 | $278,190,234 | $235,585,900 |
| December 31, 2023 | 990 | $208,232,760 | $197,602,123 | $10,630,637 | $469,193,110 | $260,383,758 | $208,809,352 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $231,790,564
- Investment income
- $269,389
- Other revenue
- $13,106,479
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $16,732,707
- Compensation of officers, directors and key employees
- $1,044,622
- Salaries, compensation and benefits (total)
- $1,044,622
- Professional fundraising fees
- $0
- Depreciation
- $14,367,218
- Program services (functional)
- $232,059,953
Balance sheet and other
- Total assets, start of year
- $469,193,110
- Total assets, end of year
- $513,776,134
- Total liabilities, end of year
- $278,190,234
- Net assets, end of year
- $235,585,900
- Land, buildings and equipment
- $332,424,732
- Gross receipts
- $245,166,432
- Employees
- 224
- Year formed
- 1947
- 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 |
|---|---|---|---|---|
| DAN HART | CEO-NATURAL Highest-paid employee | 50 | $1,024,241 | $144,629 |
| CHRISTOPHER L STEPHENS | PRESIDENT & Officer | 50 | $569,190 | $176,367 |
| STANLEY SITZLER | COO Highest-paid employee | 50 | $372,003 | $48,313 |
| KEITH TUNISON | CFO TRUE NAT Highest-paid employee | 50 | $311,214 | $69,923 |
| LESLIE MARLER | SENIOR VP S& Highest-paid employee | 50 | $289,289 | $65,125 |
| CLARENCE WRIGHT | EVP-ENGINEER Highest-paid employee | 50 | $256,737 | $78,669 |
| ALICE J MALLORY | DIRECTOR Trustee or director | 4.6 | $36,802 | $0 |
| THEROL R BROWN | DIRECTOR Trustee or director | 7.02 | $36,537 | $0 |
| J NEAL SHEPARD JR | CHAIRMAN Trustee or director, Officer | 4.33 | $34,261 | $0 |
| DANIEL LANGFORD | SECRETARY-TR Trustee or director, Officer | 3.6 | $32,749 | $0 |
| JAMES W FULTON III | DIRECTOR Trustee or director, Officer | 8.13 | $32,527 | $0 |
| JAMES HUNTER | DIRECTOR Trustee or director | 6.56 | $32,499 | $0 |
| MILDRED A WINKLES | DIRECTOR Trustee or director | 4.24 | $31,942 | $0 |
| ROSS HENRY | VICE CHAIRMA Trustee or director | 2.54 | $31,899 | $0 |
| DONALD HARRIS | DIRECTOR Trustee or director | 2.73 | $29,849 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAN HART | CEO-NATURAL Highest-paid employee | 50 | $784,982 | $146,268 |
| CHRISTOPHER L STEPHENS | PRESIDENT & Officer | 50 | $517,015 | $173,108 |
| STANLEY SITZLER | COO Highest-paid employee | 50 | $355,454 | $38,938 |
| JACKIE CALDWELL | CFO Highest-paid employee | 50 | $283,164 | $107,788 |
| CLARENCE WRIGHT | EVP-ENGINEER Highest-paid employee | 50 | $246,445 | $87,797 |
| WENDELL WEBB | VP OF OPERAT Highest-paid employee | 50 | $263,329 | $61,303 |
| JAMES W FULTON III | CHAIRMAN Trustee or director, Officer | 10.56 | $37,124 | $0 |
| MILDRED A WINKLES | DIRECTOR Trustee or director | 6.06 | $36,140 | $0 |
| ALICE J MALLORY | DIRECTOR Trustee or director | 4.5 | $35,350 | $0 |
| THEROL R BROWN | DIRECTOR Trustee or director | 8.75 | $35,185 | $0 |
| DANIEL LANGFORD | SECRETARY-TR Trustee or director, Officer | 3.81 | $34,845 | $0 |
| LEE HUNTER | DIRECTOR Trustee or director | 15.4 | $31,795 | $0 |
| J NEAL SHEPARD JR | VICE CHAIRMA Trustee or director, Officer | 5 | $31,458 | $0 |
| ROSS HENRY | DIRECTOR Trustee or director | 2.77 | $28,195 | $0 |
| DONALD HARRIS | DIRECTOR Trustee or director | 1.82 | $27,645 | $0 |
Address and contacts
- Address (IRS master file)
- 807 COLLINSWORTH RD, PALMETTO, GA 30268-9442
- In care of
- % BRANDEE HOLT
- Principal officer (990 for 2024)
- CHRISTOPHER L STEPHENS, 807 COLLINSWORTH RD, PALMETTO, GA 30268
- Signed the 990
- CHRISTOPHER L STEPHENS, PRESIDENT & CEO
- Phone
- (770) 502-0226
- Website
- WWW.UTILITY.ORG
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
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.
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 | 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
- 58-0516995
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1948
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $513,776,134
- Income (IRS master file)
- $245,166,432
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $245,166,432 | $232,059,953 | $513,776,134 | XML |
| 990 | December 2023 | $208,232,760 | $197,602,123 | $469,193,110 | XML |
| 990 | December 2022 | $210,303,970 | $214,065,727 | $434,427,704 | 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 58-0516995).
Questions about COWETA FAYETTE ELECTRIC MEMBERSHIP
- What is the EIN of COWETA FAYETTE ELECTRIC MEMBERSHIP?
- The employer identification number (EIN) of COWETA FAYETTE ELECTRIC MEMBERSHIP is 58-0516995.
- Is COWETA FAYETTE ELECTRIC MEMBERSHIP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1948.
- Are donations to COWETA FAYETTE ELECTRIC MEMBERSHIP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COWETA FAYETTE ELECTRIC MEMBERSHIP 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 COWETA FAYETTE ELECTRIC MEMBERSHIP 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 COWETA FAYETTE ELECTRIC MEMBERSHIP 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 COWETA FAYETTE ELECTRIC MEMBERSHIP?
- The 990 for the year ended December 31, 2024 names CHRISTOPHER L STEPHENS.
- Who are the officers and directors of COWETA FAYETTE ELECTRIC MEMBERSHIP?
- The 990 for the year ended December 31, 2024 lists 15 people; 15 received compensation from the organization, the highest $1,024,241 (DAN HART, CEO-NATURAL).
- How much revenue does COWETA FAYETTE ELECTRIC MEMBERSHIP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $245,166,432, expenses of $232,059,953 and total assets of $513,776,134 at year end.
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