2014-10-15T11:40:31-05:00 2013-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 400 CORDER ROAD WARNER ROBINS GA 310887166 990 2013-01-01 580264525 GRADY ELECTRIC MEMBERSHIP CORPORATION GRAD 2293774182 1499 HIGHWAY 84 W PO BOX 270 CAIRO GA 39828 THOMAS A ROSSER JR GENERAL MANAGER 2293774182 2014-09-24 1 MARLAN L NICHOLS P00634242 4789293888 2014-09-24 2013 2015-11-30 17:44:51Z THOMAS A ROSSER JR PO BOX 270 CAIRO GA 39828 37982613 0 X www.gradyemc.com X 1937 GA SALE OF ELECTRICITY TO COOPERATIVE MEMBERS. 7 7 74 0 0 0 0 0 36812175 37774220 142522 149834 45171 48025 36999868 37972079 0 0 1385372 1638132 400931 410438 0 0 0 35343903 36029591 37130206 38078161 -130338 -106082 92317715 96022722 50480844 52702588 41836871 43320134 PROVIDE MEMBERS WITH ELECTRICITY. 0 0 SALE OF ELECTRICITY TO COOPERATIVE MEMBERS. THE COOPERATIVE SERVES APPROXIMATELY 13,000 MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 35 0 1 74 1 0 0 0 0 0 0 0 37120847 838266 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 GA X THOMAS A ROSSER JR GENERAL MANAGER 2293774182 1499 HIGHWAY 84 W PO BOX 270 CAIRO GA 39828 DEWEY BROCK JR SECRETARY/TREASURER 4.00 X X 16372 0 0 JAMES F FREEMAN DIRECTOR 4.00 X 12507 0 0 H LAMAR STRICKLAND DIRECTOR 4.00 X 7168 0 0 G WILLIS SMITH DIRECTOR 4.00 X 10678 0 0 DONALD C COOPER CHAIRMAN 5.00 X X 10152 0 0 H LAMAR CARLTON CHAIRMAN 4.00 X X 11596 0 0 ROBERT E LEE VICE-CHAIRMAN 5.00 X X 11596 0 0 THOMAS A ROSSER CEO 40.00 X 268971 0 61398 WAYNE WINDHAM MANAGER OF OPERATIONS 40.00 X 110559 0 73486 459599 0 134884 2 0 1 0 TREES INC 1700 SOLUTIONS CENTER CHICAGO IL 60677 RIGHT-OF-WAY CLEARING 523816 TAYLOR BENEFIT RESOURCE PO BOX 825124 PHILADELPHIA PA 19182 INSURANCE BENEFIT ADMINISTRATOR 397335 LEWIS TREE SERVICE PO BOX 658 SIOUX CITY IA 51102 RIGHT-OF-WAY CLEARING 288310 SOUTHERN CONTRACTORS INC 690 3RD AVE NE CAIRO GA 39828 GROUNDS IMPROVEMENT 146801 4 SALE OF ELECTRICITY 221000 37120847 37120847 POLE & TOWER RENT 221000 427420 427420 CAPITAL CREDIT ALLOCATIONS 221000 225953 225953 37774220 136868 136868 23500 10534 12966 12966 12966 OTHER NON-OPERATING INCOME 221000 35512 35512 VENDOR COMPENSATION 221000 12513 12513 48025 37972079 37133813 0 838266 1638132 410438 1203478 2721683 COST OF POWER 24632695 DISTRIBUTION MAINTENANC 2210744 DISTRIBUTION OPERATIONS 2128996 GENERAL AND ADMINISTRAT 1685822 1446173 38078161 1497557 1663996 3369771 3643739 172202 140646 2215386 2215386 551753 481067 270694 323685 94111040 21461055 70332131 72649985 13908221 14904218 92317715 96022722 4297705 4595391 42111258 43765450 4071881 4341747 50480844 52702588 X 66390 66280 0 0 41770481 43253854 41836871 43320134 92317715 96022722 X -106082 1589345 X X 0 1 X 1 0 514169 514169 93596871 21461055 72135816 72649985 CAPITAL CREDITS - OPC 7347738 C CAPITAL CREDITS - GTC 1843735 C CAPITAL CREDITS - COBANK 323611 C CAPITAL CONTRIBUTION - GTC 568625 C CAPITAL CREDITS - GRESCO 655016 C CAPITAL CREDITS - GSOC 2321 C CAPITAL CREDITS - SEDC 165238 C CAPITAL CREDITS - GEMC 1277 C CAPITAL CREDITS - FEDERATED 131212 C CAPITAL CONTRIBUTION - GEC 4000 C CAPITAL CREDITS - GEC 1046788 C STOCK CERTIFICATES - SEDC 100 C CAPITAL CREDITS - NRUCFC 182653 C MEMBERSHIP FEES IN ASSOCIATED ORGANIZATIONS 1225 C SOWEGA ENERGY RESOURCES, LLC 160252 C SOWEGA HOLDING CORPORATION 122255 C USDA REDLG PROGRAM 98438 C CAPITAL CREDITS - NRTC 649 C CAPITAL TERM CERTIFICATES - NRUCFC 574989 C NON-UTILITY PROPERTY 1674096 C 14904218 POSTRETIREMENT BENEFITS OBLIGATION 2877519 CONSUMER DEPOSITS 1464228 4341747 X 38078161 0 38078161 -106082 -106082 37972079 36440029 0 36440029 1638132 1638132 38078161 Part X, Line 2: THE CORPORATION OPERATES UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(12), AS A TAX-EXEMPT COOPERATIVE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE CORPORATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. Part XI, Line 4b - Other Adjustments: K-1 FLOW THROUGH LOSS FROM SOWEGA ENERGY RESOURCES, LLC IN EXCESS OF BOOKS -106,082. Part XII, Line 4b - Other Adjustments: PATRONAGE CAPITAL ALLOCATED TO MEMBERS 1,638,132. X X 0 0 0 THOMAS A ROSSER CEO 233971 0 35000 0 0 0 49610 0 11788 0 330369 0 0 0 WAYNE WINDHAM MANAGER OF OPERATIONS 110559 0 0 0 0 0 62826 0 10660 0 184045 0 0 0 THOMAS A ROSSER PURCHASE STOCK FROM GRADY EMC - LOAN SECURED BY STOCK X 375000 140646 0 1 1 140646 Form 990, Part VI, Section A, line 6 INDIVIDUALS AND ENTITIES REQUESTING SERVICE ARE REQUIRED TO PAY A ONE-TIME MEMBERSHIP FEE. Form 990, Part VI, Section A, line 7a A BOARD ELECTION IS HELD ANNUALLY IN CONJUNCTION WITH THE CORPORATION'S ANNUAL MEMBER MEETING. THE MEMBERS ARE THE ONLY ONES ALLOWED TO VOTE IN THE ANNUAL ELECTION OF BOARD MEMBERS. Form 990, Part VI, Section A, line 7b CERTAIN DECISIONS, SUCH AS BY-LAWS CHANGES, MUST BE APPROVED BY THE MEMBERS. Form 990, Part VI, Section B, line 11 FORM 990 WAS REVIEWED WITH THE BOARD OF DIRECTORS AND CERTAIN MEMBERS OF MANAGEMENT BY THE CERTIFIED PUBLIC ACCOUNTING FIRM THAT PREPARED THE FORM 990. Form 990, Part VI, Section B, line 12c AN ANNUAL DISCLOSURE OF ANY CONFLICTS OF INTEREST IS REQUIRED BY ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES, AND THE BOARD OF DIRECTORS REVIEWS THE DISCLOSURES. Form 990, Part VI, Section B, line 15a THE BOARD OF DIRECTORS APPROVES THE GENERAL MANAGER'S COMPENSATION ON AN ANNUAL BASIS USING WAGE STUDIES AND VARIOUS OTHER CRITERIA. ANNUAL COMPENSATION FOR CERTAIN OTHER EMPLOYEES IS INITIALLY SET BY THE GENERAL MANAGER AND IS THEN SUBJECT TO DIRECTORS' APPROVAL. Form 990, Part VI, Section C, line 19 SUCH INFORMATION IS AVAILABLE TO THE PUBLIC UPON RECEIPT OF A REASONABLE REQUEST. Form 990, Part XI, line 9: CHANGE DUE TO DECREASE IN MEMBERSHIPS -110. CHANGE DUE TO REFUNDS OF ESTATE CAPITAL CREDITS -431,914. ADJUSTMENT OF OTHER COMPREHENSIVE INCOME FROM DERIVATIVES INCREASE IN OTHER EQUITIES DUE TO DISCOUNTS ON ESTATE CAPITAL CREDITS 244,055. CHANGE IN UNRECOGNIZED NET ACTUARIAL LOSSES 33,100. K-1 FLOW THROUGH LOSS FROM SOWEGA ENERGY RESOURCES, LLC IN EXCESS OF BOOK 106,082. PATRONAGE CAPITAL ALLOCATED TO MEMBERS 1,638,132. Form 990, Part XII, Line 2c: THE CORPORATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. GRADY EMC HOLDING CORPORATION 1499 HIGHWAY 84 WEST CAIRO GA 39828 421580055 ELECTRIC POWER GENERATION GA N/A C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0