NonprofitsSawnee Electric Membership Corp

Sawnee Electric Membership Corp

CUMMING, GA

Total revenue

$448.4M

Total expenses

$448.4M

Net assets

$366.0M

Grants received

$150K

1 grants

EIN

580246393

Tax year

2024

Mission

To provide electric service to all who desire it within the system's service area, as provided by georgia law, lender requirements and other regulatory and industry standards.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$438.5M
Investment income$9.0M
Other revenue$864K
Total revenue$448.4M

Expenses

Grants paid
Salaries & benefits$1.5M
Fundraising
Other expenses$426.7M
Total expenses$448.4M
Total assets$1.0B
Net assets$366.0M

People

16 listed

NameRoleCompensation

MICHAEL A GOODROE

PRESIDENT/CE

Board

$1.1M

50 hrs/wk

TIM G HEARD

VICE CHAIRMA

Board

$49K

4.5 hrs/wk

GARY G PORTER

SECRETARY/TR

Board

$47K

4.36 hrs/wk

ROGER T COKER

CHAIRMAN

Board

$46K

3.78 hrs/wk

DONNA O YOST

DIRECTOR

Board

$42K

3.44 hrs/wk

LARRY M EVANS

DIRECTOR

Board

$42K

3.12 hrs/wk

RODNEY H REESE

DIRECTOR

Board

$42K

3.36 hrs/wk

TERRY W MATHIS

DIRECTOR

Board

$39K

2.65 hrs/wk

MARSHALL S MILLWOOD

DIRECTOR

Board

$39K

3.22 hrs/wk

ADRIAN FLACK

DIRECTOR

Board

$36K

3.24 hrs/wk

BILL BARNETT

DIRECTOR

Board

$2K

0

GARY MAULDIN

COO

Staff

$613K

50 hrs/wk

VIRGINIA ELLIS

CFO

Staff

$446K

50 hrs/wk

CHET D BLACKSTOCK

VP OPERATION

Staff

$320K

50 hrs/wk

CARL BADGETT

CIO

Staff

$261K

50 hrs/wk

BLAKE HOUSE

VP MEMBER SV

Staff

$234K

50 hrs/wk

Independent contractors

WA KENDALL CO

RIGHT-OF-WAY

$7.4M

TOWNSEND TREE SERVICE COMPANY LLC

RIGHT-OF-WAY

$4.3M

POWERGRID SERVICES

RIGHT-OF-WAY

$801K

BEACH TIMBER CO BLACKSHEAR

POLES

$364K

ASA FIRE PROTECTION LLC

FIRE SYS. INSP.

$266K

Grants received

Showing 1 of 1

FromAmountPurposeYear
$150K
INTEGRITY FUND-THREATENS EXISTENCE UNDER THE COOPERATIVE BUSINESS MODEL
2022

Funded by

$150K from 1 funder · 1 grant · 2022

National Rural Utilities Cooperative

$150K · 1 grant · 2022

Details

EIN580246393
Subsection12
Ruling date1954-02
Formed1938
Employees413
SAWNEE ELECTRIC MEMBERSHIP CORP — Mission, Financials & Grants Received | Grantivo