2021-09-07T07:08:56-05:00 2020-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2020-01-01 580198155 COBB ELECTRIC MEMBERSHIP CORP COBB 7704292100 PO BOX 369 MARIETTA GA 300610369 BRETT STOVERN CFO 6783553005 2021-09-03 true BRETT STOVERN XXX-XX-XXXX WILLIAM R ROUNTREE P01231836 4787466277 2021-09-07 2020 2022-09-23 18:48:47Z ATTN BRETT STOVERN KEVAN ESPY 1000 EMC PARKWAY MARIETTA GA 30060 440537932 false X HTTPS://WWW.COBBEMC.COM X 1938 GA OUR MISSION: RELIABLE ELECTRIC SERVICES, SAFE OPERATIONS, RATE COMPETITIVE, ROBUST GOVERNANCE, ENERGY ADVISOR TO MEMBERS, RECOGNIZED EMPLOYER 9 9 417 16000 15000 0 434412271 438966601 1515339 1473180 100629 98151 436028239 440537932 0 26297358 11370466 1958310 2083113 0 0 410325783 419332065 438581451 432785644 -2553212 7752288 999587945 1094519856 584737319 647037646 414850626 447482210 OUR MISSION: RELIABLE ELECTRIC SERVICES, SAFE OPERATIONS, RATE OMPETITIVE, ROBUST GOVERNANCE, ENERGY ADVISOR TO MEMBERS, RECOGNIZED EMPLOYER. false false N/A false false false false false false false false false true false true true true false false true false false false false false false false false false false false true false false false false false false false false false false true true true true false true 155 0 true 417 true true true false false false false 427244401 6439071 false true false X 9 9 false false false false true true true true true false false true true true true true true true true false GA X X BRETT STOVERN CFO 7704292100 1000 EMC PARKWAY MARIETTA GA 30060 X WILLIAM C SHARP III CHAIRMAN 10.00 5.00 X X 51234 10846 0 ERIC BROADWELL VICE-CHAIRMA 10.00 X X 54652 0 0 KELLY P BODNER SECRETARY/TR 7.00 X X 41713 0 0 RUDY R UNDERWOOD DIRECTOR 7.00 X 37186 0 0 DAVID MCCLELLAN DIRECTOR 7.00 X 37186 0 0 EDWARD CROWELL DIRECTOR 7.00 5.00 X 61913 10821 0 BRYAN BOYD DIRECTOR 7.00 5.00 X 62401 10823 0 CHARLES M SWANSON DIRECTOR 7.00 X 42289 0 0 DAVID V TENNANT DIRECTOR 7.00 5.00 X 58178 10830 0 KEVAN ESPY CEO-EFF. 6/1 50.00 X 357899 0 140172 BRETT STOVERN CFO 50.00 X 498588 0 51175 TIM SOSEBEE SR VP-BUSINE 50.00 X 319874 0 138159 TIMOTHY HARSHBARGER VP HUMAN RES 50.00 X 259773 0 39791 TIM JARRELL VP-POWER SUP 50.00 X 267403 0 111671 PAUL GIES VP FIBER SOU 50.00 X 242622 0 44345 PETER HEINTZELMAN CEO-THRU 11/ 50.00 X 1088859 0 49431 3481770 43320 574744 182 false true false PIKE ELECTRIC INC 100 PIKE WAY MT AIRY NC 27030 CONTRACTOR 12726766 LEWIS TREE SERVICE INC 300 LUCIUS GORDON DR WEST HENRIETTA NY 145869686 ROW CLEARING 5043613 W A KENDALL AND COMPANY INC PO BOX 831 LAWRENCEVILLE GA 30046 ROW CLEARING 3198205 J ADAMS ELECTRICAL CONTRACTOR 1240 OLD BELLS FERRY RD MARIETTA GA 30066 CONTRACTOR 1926987 ONE VISION UTILITY SVCS LLC 1119 GRASSDALE RD NW CARTERSVILLE GA 30121 UTIL. LOC. CONT 1563738 35 ELECTRIC REVENUE 221000 427238241 427238241 PATRONAGE CAPITAL CREDITS 221000 8258778 8258778 POLE AND OTHER ATTACHMENTS 3469582 3469582 438966601 1473180 1473180 75991 16000 75991 16000 91991 16000 75991 OTHER REVENUE 6160 6160 6160 440537932 436976359 16000 3545573 11370466 2083113 19568143 32458867 PURCHASED POWER 290665832 DISTRIBUTION MAINTENANCE 23971038 ADMIN. & GENERAL EXP. 23204247 CONSUMER ACCOUNTS 15113755 14350183 432785644 0 0 0 976245 2386286 57065226 61032263 4660331 4224897 4260005 3773503 2566111 1480942 967599553 280878833 665853974 686720720 214929730 220699792 4902500 4266500 44373823 109934953 999587945 1094519856 47622226 68420265 400309906 428623645 10300000 136805187 139693736 584737319 647037646 X 436165 418850 414414461 447063360 414850626 447482210 999587945 1094519856 X 7752288 24879296 X false true X true false 8095796 8095796 959503757 280878833 678624924 686720720 INVESTMENT IN ASSOC. - OPC 127017380 C INVESTMENT IN ASSOC.- NRUCFC 46470604 C INVESTMENT IN ASSOC. - GTC 36951015 C INVESTMENTS IN ASSOC. - SEWELL CK 4881476 C INVESTMENTS IN ASSOC. - SMARR 2417992 C INVESTMENT IN ASSOC.- GRESCO 1286497 C INVESTMENTS IN ASSOC. - FEDERATED 864707 C INVESTMENT IN ASSOC.- COBANK 393867 C INVESTMENT IN ASSOC.- NISC 267515 C INVESTMENT IN ASSOC.- SEDC 68274 C INVESTMENT IN ASSOC. - NRTC 40239 C INVESTMENTS IN ASSOC. - GSOC 32199 C INVESTMENTS IN ASSOC. - CRC 7667 C INVESTMENTS IN ASSOC. - OTHER 360 C 220699792 INVESTMENTS IN SUBS 106506748 OTHER 1990319 DEFERRED COMPENSATION 1437886 109934953 ACCUM PROV FOR PENSION & BENEFITS 105698329 ASC-980 DEFERRED REVENUE 15000000 CONSUMER DEPOSITS 13616470 DEFERRED CREDITS 4689858 UNCLAIMED CAPITAL CREDITS 689079 139693736 440537932 440537932 440537932 421415178 421415178 11370466 11370466 432785644 SCHEDULE D, PAGE 4, PART XII, LINE 4B AMOUNTS ASSIGNED TO MEMBER CAPITAL ACCOUNTS 11,370,466 X true true X X X X X true true false KEVAN ESPY CEO-EFF. 6/14/21 280007 57185 20707 131048 9124 498071 BRETT STOVERN CFO 364342 107008 27238 28500 22675 549763 TIM SOSEBEE SR VP-BUSINESS OPS 259233 40294 20347 115484 22675 458033 TIMOTHY HARSHBARGER VP HUMAN RESOURCES 218694 22588 18491 22928 16863 299564 TIM JARRELL VP-POWER SUPPLY 209566 33150 24687 89640 22031 379074 PAUL GIES VP FIBER SOUTH 205654 23464 13504 21670 22675 286967 PETER HEINTZELMAN CEO-THRU 11/20/20 520401 158580 409878 28500 20931 1138290 SCHEDULE J, PAGE 1, PART I, LINE 1A ATLANTA COUNTRY CLUB (1) PETER HEINTZELMAN (PRESIDENT & CEO) - 3,702 GEORGIAN CLUB (1) PETER HEINTZELMAN (PRESIDENT & CEO) - 182 (2) BRETT STOVERN (CFO) - 182 (3) KEVIN ESPY (VP OF ELEC. OPS) - 182 (4) MARK GODDARD (VP OF MKT/CORP. COMM.) - 182 (5) TRIPPER SHARP (DIRECTOR) - 182 (6) DAVID MCCLELLAN (DIRECTOR) - 182 SCHEDULE J, PAGE 1, PART I, LINE 4 KEVAN ESPY 0 1,228 0 BRETT STOVERN 0 3,917 0 TIM SOSEBEE 0 934 0 TIMOTHY HARSHBARGER 0 257 0 PETER HEINTZELMAN 267,225 8,753 0 FORM 990 THE CORPORATION'S RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION (18CFR.PART 101). THOSE PRACTICES UTILIZE ALLOCATION OF CERTAIN EXPENSES BASED ON LABOR CHARGES OR OTHER ALLOCATION BASES. AS A RESULT, IT WOULD REQUIRE SIGNIFICANT EFFORT TO BREAK OUT EXPENSES IN THE FUNCTIONAL CATEGORIES PROVIDED FOR ON THE STATEMENT OF FUNCTIONAL EXPENSES. MANAGEMENT HAS OPTED TO CLASSIFY ITS EXPENSES ON THE STATEMENT OF FUNCTIONAL EXPENSES IN THE SAME MANNER IT REPORTS ITS FINANCIAL RESULTS TO LENDERS AND ITS MEMBER-OWNERS. FORM 990, PAGE 6, PART VI, LINE 6 THE CORPORATION HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7A THE CORPORATION'S MEMBERS DEMOCRATICALLY ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN THE CORPORATION'S BYLAWS WHICH ARE INCLUDED AS PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN THE CORPORATION'S BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE FULL BOARD OF DIRECTORS PRIOR TO SUBMITTAL. FORM 990, PAGE 6, PART VI, LINE 12C THE CORPORATION REGULARY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE FOLLOWING POLICIES, WHICH ARE INCLUDED AS PART OF THIS RETURN: POLICY 602 - CONFLICT OF INTEREST POLICY 901 - EMPLOYEE CODE OF CONDUCT POLICY 911 - EMPLOYEES' OUTSIDE ACTIVITIES FORM 990, PAGE 6, PART VI, LINE 15A AS OUTLINED IN BOARD POLICY 608, WHICH IS ATTACHED TO THIS RETURN, THE ANNUAL CEO REVIEW IS CONDUCTED BY THE BOARD'S HUMAN RESOURCES COMMITTEE, WHICH MAKES A COMPENSATION RECOMMENDATION TO THE FULL BOARD FOR THEIR APPROVAL. FORM 990, PAGE 6, PART VI, LINE 15B KEY EMPLOYEE COMPENSATION IS REVIEWED AND APPROVED AS PROVIDED FOR IN BOARD POLICY 908, A COPY OF WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 19 THE CORPORATION MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18. IN ADDITION, THE CORPORATION'S FORM 990 IS AVAILABLE IN THE PUBLIC DOMAIN THROUGH WEBSITES SUCH AS GUIDESTAR (WWW.GUIDESTAR.ORG). FORM 990, PART VII ON NOVEMBER 20, 2020, PETER HEINTZELMAN RESIGNED AS CEO OF COBB EMC. THE BOARD OF DIRECTORS APPOINTED KEVAN ESPY AS INTERIM CEO IN CONJUNCTION WITH MR. HEINTZELMAN'S RESIGNATION. AFTER CONDUCTING A FORMAL SEARCH FOR THE CEO POSITION, THE BOARD OF DIRECTORS APPOINTED MR. ESPY FULL-TIME CEO EFFECTIVE JUNE 14, 2021. FORM 990, PART XI, LINE 9 WHOLLY-OWNED SUBSIDIARY EARNINGS 30,195,027 BENEFITS PAID TO MEMBERS 11,370,466 CHANGE IN MEMBERSHIP FEES -17,315 CHANGE IN DONATED CAPITAL -25,698 OTHER COMPREHENSIVE INCOME -16,643,184 TOTAL 24,879,296 FIBER SOUTH LLC FIBER SOUTH LLC 1000 EMC PARKWAY 1000 EMC PARKWAY MARIETTA GA 30061 845178162 GA 4871 4226628 COBB EMC COBB EMC GAS SOUTH LLC PO BOX 4298 ATLANTA GA 30302 203608242 NAT GAS MA GA N/A C CORP 30195027 365358741 1.00000 true COBB ENERGY MANAGEMENT CORPORATION 1000 EMC PARKWAY MARIETTA GA 30060 582345061 HOLDING CO GA N/A C CORP -77588 4956569 1.00000 true false true false true false false false false false false false true false false false false true false false GAS SOUTH LLC B 44200000 COST GAS SOUTH LLC L 1354029 COST GAS SOUTH LLC Q 915569 COST GAS SOUTH LLC D 305157 FMV SCHEDULE R RELATED ORGANIZATIONS: COBB ENERGY MANAGEMENT CORPORATION (COBB ENERGY): COBB ENERGY WAS INCORPORATED IN THE STATE OF GEORGIA ON SEPTEMBER 3, 1997 TO PROVIDE VARIOUS SERVICES TO COBB ELECTRIC MEMBERSHIP CORPORATION (COBB EMC), ITS SUBSIDIARIES AND OTHER THIRD PARTIES. AS OF DECEMBER 31, 2020 COBB ENERGY MANAGEMENT CORPORATION HAS NO OPERATING ACTIVITIES. GAS SOUTH, LLC (GAS SOUTH) AND SUBSIDIARIES: GAS SOUTH, LLC AND SUBSIDIARIES (GAS SOUTH) IS A NATURAL GAS MARKETER THAT SERVES RESIDENTIAL, BUSINESS, GOVERNMENTAL, AND INSTITUTIONAL CUSTOMERS PRIMARILY IN THE SOUTHEASTERN UNITED STATES IN AREAS WHERE CUSTOMERS HAVE THE ABILITY TO CHOOSE THEIR ENERGY PROVIDER. THE COMPANY ALSO SERVES LARGE CUSTOMERS THAT ARE CONNECTED DIRECTLY TO INTERSTATE PIPELINES AND WHOLESALES NATURAL GAS TO OTHER SERVICE PROVIDERS. GAS SOUTH'S MANAGEMENT COMMITTEE IS MADE UP OF COBB EMC EXECUTIVE MANAGEMENT AND FOUR COBB EMC BOARD MEMBERS. COBB EMC BOARD MEMBERS SERVING ON THE MANAGEMENT COMMITTEE ARE COMPENSATED DIRECTLY BY GAS SOUTH. THESE AMOUNTS ARE REPORTED ON COBB EMC'S FORM 990 AS "REPORTABLE COMPENSATION FROM RELATED ORGANIZATIONS". FIBER SOUTH BROADBAND, LLC (FORMERLY COBB R&D, LLC): FIBER SOUTH BROADBAND, LLC IS A WHOLLY OWNED SUBSIDIARY OF COBB EMC. FIBER SOUTH BROADBAND, LLC (FIBER SOUTH) IS A PROVIDER OF RETAIL BROADBAND SERVICES. FIBER SOUTH BECAME OPERATIONAL IN NOVEMBER 2020.