Georgia Electric Membership Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 580530279 ✦ Tucker, GA ✦ Designated as a 501(c)(6)

Overview

What is Georgia Electric Membership Corporation?

Georgia Electric Membership Corporation, based in Tucker, GA, is a not-for-profit organization dedicated to fostering and advancing rural electrification in Georgia. The corporation, led by Dennis Chastain, serves its members through member-centric leadership, advocacy, education, and communication. Its mission is to provide a unified voice for Electric Membership Corporations (EMCS) in the state, promoting their interests and ensuring their prosperity. The corporation also collaborates with various agencies to disseminate information, provide services, and stimulate local growth, ultimately strengthening the electric cooperative program in Georgia. By offering these initiatives, the Georgia Electric Membership Corporation strives to provide electric energy to inhabitants of member service areas at the most affordable cost possible.


Is Georgia Electric Membership Corporation legitimate?

Georgia Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Georgia Electric Membership Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $629,887
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,347,330

For more financial information, click here


What is the mission statement of Georgia Electric Membership Corporation?
Who is the CEO of Georgia Electric Membership Corporation?
What is the revenue of Georgia Electric Membership Corporation?
Who are the executives of Georgia Electric Membership Corporation and what are their salaries?

The average compensation at Georgia Electric Membership Corporation during 2022 was $119,544. There are 50 employees at Georgia Electric Membership Corporation.

Here are 51 key members and their salaries:


Where can I find the form 990 for Georgia Electric Membership Corporation?

Mission Statement of Georgia Electric Membership Corporation

Georgia Electric Membership Corporation (GEMC), a not-for-profit organization, is dedicated to fostering and developing rural electrification in the state of Georgia. Established with the mission to promote the interests of its members and strengthen electric cooperatives, GEMC further prioritizes safety, stability, security, and prosperity within these communities. By cooperating with various federal, state, and municipal agencies, GEMC actively contributes to the promotion of rural electrification and community development at the national and local levels.

In addition to advocacy efforts, GEMC focuses on providing services and informational programs that stimulate local growth and stability within member service areas. These initiatives aim to keep the cost of electric energy as low as possible for inhabitants while maintaining sound economic practices. The organization also disseminates relevant information related to rural electrification and electric cooperatives, and offers assistance to members in providing electric energy to their communities. Overall, GEMC's mission is to be a member-focused leader, advocating for and empowering electric cooperatives in Georgia.

Impact

This information is meant to be a general summary of Georgia Electric Membership Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Georgia Electric Membership Corporation's impact can be seen in its dedication to fostering, developing, and encouraging rural electrification in Georgia. By promoting the interests of its members through focused leadership, advocacy, education, and communication, GEORGIA ELECTRIC MEMBERSHIP CORPORATION plays a vital role in furthering the safety, stability, and prosperity of electric cooperatives in the state. Additionally, by disseminating information related to the rural electrification program and cooperating with various agencies, GEORGIA ELECTRIC MEMBERSHIP CORPORATION contributes to the overall development and growth of communities in Georgia. Through its efforts, the organization helps to ensure that electric energy is provided to inhabitants of member service areas at the lowest possible cost, thus promoting local economy and stability.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $16,059,479
  • Gross Receipts: $16,059,479

    • Assets and Liabilities:
  • Total Assets: $12,561,019
  • Total Liabilities: $2,757,703
  • Net Assets: $9,803,316
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MEMBERSHIP DUES

    Revenue

    $8,406,349

    GA MAGAZ,DIRECTORY,NWSLTR

    Revenue

    $4,259,399

    OTHER SERVICES

    Revenue

    $1,683,334

    SAFETY

    Revenue

    $980,518

    GA MAGAZINE ADS

    Revenue

    $729,879

    Organization Details

    Founding Year

    1940

    Principal Officer

    Dennis Chastain

    Main Address

    2100 EAST EXCHANGE PLACE, TUCKER, GA, 30084

    NTEE Category

    Code: S40 - Community improvement

    If you are a representative of Georgia Electric Membership Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.