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Amicalola Electric Membership Corp

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$107M (2023)

Expenses
$107M (2023)

Total Assets
$239M (2023)

Total Liabilities
$158M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$107,180,242
Expenses
$107,180,242
Net Income
$0
Net Assets
$81,255,658
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $104,372,970
97.4%
Investment Income $2,779,837
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $27,435
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $881,359
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $238,951,801
Total Liabilities $157,696,143
Net Assets $81,255,658
Club or Co-Op Income
Income From Members $100,530,486
Income From Other Sources $3,019,260
Compensation
Key Employees and Officers Compensation Related Other
Todd Payne (President &) $471,401 $0 $144,558
Penelope Marshall (Evp & Cfo) $250,367 $0 $27,067
Nathaniel West (Vp Operation) $208,679 $0 $84,654
Kenneth Payne (Mgr. Of Eng) $184,473 $0 $25,098
Todd Satterfield (Mgr. Distric) $175,123 $0 $16,250
Ronald Mcallister (Const. Crew) $174,685 $0 $50,479
John H Bennett Jr (Vice Chairma) $33,800 $0 $0
Charles R Fendley (Chairman) $32,400 $0 $0
David J Pierce (Director) $30,600 $0 $0
Travis Cline (Director) $30,000 $0 $0
Randall Ponder (Sec. Treas.) $29,100 $0 $0
Edward Tucker (Director) $28,500 $0 $0
Reggie Stowers (Director) $28,200 $0 $0
Shelley Cantrell (Director) $27,600 $0 $0
Kathy Burt (Director) $25,200 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$110,407,403
Expenses
$113,275,047
Net Income
-$2,867,644
Net Assets
$83,337,224
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $106,594,582
96.5%
Investment Income $3,633,019
3.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $179,802
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $804,778
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $226,470,714
Total Liabilities $143,133,490
Net Assets $83,337,224
Club or Co-Op Income
Income From Members $103,262,254
Income From Other Sources $3,915,819
Compensation
Key Employees and Officers Compensation Related Other
Todd Payne (President &) $417,622 $0 $133,706
Penelope Marshall (Cfo) $238,100 $0 $49,632
Joel Fellows (Senior Vp Op) $183,659 $0 $25,461
Kenneth Payne (Mgr. Of Eng) $159,462 $0 $51,057
Leonard Ray Carpenter (Mgr. Distric) $148,793 $0 $24,913
Nathaniel West (Vp Operation) $142,214 $0 $72,301
Charles R Fendley (Chairman) $30,050 $0 $0
Travis Cline (Director) $29,750 $0 $0
Edward Tucker (Director) $29,700 $0 $0
David J Pierce (Director) $29,450 $0 $0
Randall Ponder (Sec. Treas.) $29,150 $0 $0
John H Bennett Jr (Vice Chairma) $28,300 $0 $0
Reggie Stowers (Director) $27,350 $0 $0
Kathy Burt (Director) $22,950 $0 $0
James H Bryan (Director) $18,950 $0 $0
Shelley Cantrell (Director) $7,800 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$100,500,156
Expenses
$100,500,156
Net Income
$0
Net Assets
$84,644,061
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $95,656,013
95.2%
Investment Income $4,844,143
4.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $755,351
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $201,848,786
Total Liabilities $117,204,725
Net Assets $84,644,061
Club or Co-Op Income
Income From Members $92,308,928
Income From Other Sources $7,530,444
Compensation
Key Employees and Officers Compensation Related Other
Todd Payne (President &) $380,676 $0 $125,725
Penelope Marshall (Cfo) $230,929 $0 $26,626
Joel Fellows (Vp Operation) $174,234 $0 $25,097
Kenneth Payne (Mgr. Of Eng) $148,589 $0 $24,719
Todd Satterfield (Mgr. Distric) $141,136 $0 $19,482
Leonard Ray Carpenter (Mgr. Distric) $140,862 $0 $24,414
David J Pierce (Director) $29,950 $0 $0
Reggie Stowers (Director) $29,400 $0 $0
Travis Cline (Director) $29,050 $0 $0
Charles R Fendley (Chairman) $28,800 $0 $0
Edward Tucker (Director) $28,750 $0 $0
Randall Ponder (Sec. Treas.) $28,550 $0 $0
Kathy Burt (Director) $25,500 $0 $0
James H Bryan (Director) $24,900 $0 $0
John H Bennett Jr (Vice Chairma) $24,050 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$94,718,027
Expenses
$94,718,027
Net Income
$0
Net Assets
$83,803,049
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $92,078,207
97.2%
Investment Income $2,639,820
2.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $707,340
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $181,762,164
Total Liabilities $97,959,115
Net Assets $83,803,049
Club or Co-Op Income
Income From Members $88,521,700
Income From Other Sources $3,237,034
Compensation
Key Employees and Officers Compensation Related Other
Todd Payne (President &) $362,254 $0 $120,133
Penelope Marshall (Cfo) $214,816 $0 $30,330
Joel Fellows (Vp Operatio) $156,024 $0 $24,765
Kenneth Payne (Mngr. Of En) $148,436 $0 $57,549
Todd Satterfield (Mngr. Distri) $134,726 $0 $35,593
Leonard Ray Carpenter (Mngr. Distri) $134,580 $0 $24,358
Charles R Fendley (Chairman) $29,450 $0 $0
Randall Ponder (Sec. Treas.) $28,850 $0 $0
David J Pierce (Director) $26,750 $0 $0
Travis Cline (Director) $26,150 $0 $0
Reggie Stowers (Director) $26,150 $0 $0
Kathy Burt (Director) $25,850 $0 $0
James H Bryan (Director) $24,650 $0 $0
John H Bennett Jr (Vice Chairma) $21,903 $0 $0
Edward Tucker (Director) $15,200 $0 $0
William Leon Davis (Director Ret) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$95,165,607
Expenses
$95,165,607
Net Income
$0
Net Assets
$81,317,354
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $93,473,269
98.2%
Investment Income $1,692,338
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $696,503
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $175,980,382
Total Liabilities $94,663,028
Net Assets $81,317,354
Club or Co-Op Income
Income From Members $91,114,610
Income From Other Sources $1,836,638
Compensation
Key Employees and Officers Compensation Related Other
Todd Payne (President &) $328,832 $0 $114,021
Penelope Marshall (Cfo) $209,470 $0 $24,588
Joel Fellows (Vp Operatio) $143,636 $0 $22,147
Kenneth Payne (Mngr. Of En) $133,800 $0 $69,182
Michael Martin (Manager Of I) $114,760 $0 $59,261
Leonard Ray Carpenter (Mngr. Distri) $112,205 $0 $21,975
John H Bennett Jr (Vice Chairma) $31,350 $0 $0
Charles R Fendley (Chairman) $30,900 $0 $0
Travis Cline (Director) $30,600 $0 $0
Reggie Stowers (Director) $29,400 $0 $0
Randall Ponder (Sec. Treas.) $28,800 $0 $0
Kathy Burt (Director) $26,400 $0 $0
David J Pierce (Director) $26,100 $0 $0
James H Bryan (Director) $25,500 $0 $0
William Leon Davis (Director) $24,600 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$94,810,811
Expenses
$94,636,496
Net Income
$174,315
Net Assets
$80,178,286
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $92,698,026
97.8%
Investment Income $2,112,785
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $638,591
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $170,088,488
Total Liabilities $89,910,202
Net Assets $80,178,286
Club or Co-Op Income
Income From Members $83,769,289
Income From Other Sources $2,191,684
Compensation
Key Employees and Officers Compensation Related Other
Todd Payne (President &) $282,305 $0 $104,036
Samuel Owenby (Sr. Vp Oper/) $251,561 $0 $64,160
Penelope Marshall (Sr. Vp Fin/A) $202,915 $0 $23,486
Kenneth Payne (Mngr. Of En) $128,724 $0 $59,194
Joel Fellows (Vp Operatio) $124,194 $0 $24,022
Larry Young (Planning Eng) $114,818 $0 $11,877
Charles R Fendley (Chairman) $31,200 $0 $0
William Leon Davis (Director) $30,300 $0 $0
Randall Ponder (Sec. Treas.) $30,000 $0 $0
Reggie Stowers (Director) $30,000 $0 $0
Travis Cline (Director) $29,100 $0 $0
Kathy Burt (Director) $26,400 $0 $0
John H Bennett Jr (Vice Chairma) $25,750 $0 $0
James H Bryan (Director) $25,200 $0 $0
David J Pierce (Director) $24,300 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$89,174,086
Expenses
$88,968,013
Net Income
$206,073
Net Assets
$79,510,431
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $86,695,425
97.2%
Investment Income $2,478,661
2.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $600,276
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $159,950,852
Total Liabilities $80,440,421
Net Assets $79,510,431
Club or Co-Op Income
Income From Members $87,173,129
Income From Other Sources $2,682,911
Compensation
Key Employees and Officers Compensation Related Other
Todd Payne (President &) $246,552 $0 $94,575
Penelope Marshall (Sr. Vp Fin/A) $193,869 $0 $78,116
Samuel Owenby (Sr. Vp Oper/) $174,674 $0 $85,045
Joel Fellows (Vp Operation) $111,721 $0 $25,249
Larry Young (Planning Eng) $108,965 $0 $16,991
Kerry Veazey (Mang. D. Ope) $108,864 $0 $43,917
David J Pierce (Director) $31,550 $0 $0
Charles R Fendley (Chairman) $30,600 $0 $0
Randall Ponder (Sec. Treas.) $29,450 $0 $0
Travis Cline (Director) $29,450 $0 $0
William Leon Davis (Director) $29,450 $0 $0
John H Bennett Jr (Vice Chairma) $28,999 $0 $0
Reggie Stowers (Director) $28,250 $0 $0
James H Bryan (Director) $26,150 $0 $0
Kathy Burt (Director) $25,250 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$90,327,182
Expenses
$90,071,773
Net Income
$255,409
Net Assets
$72,108,862
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $88,092,786
97.5%
Investment Income $2,234,396
2.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,032,608
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $151,471,754
Total Liabilities $79,362,892
Net Assets $72,108,862
Club or Co-Op Income
Income From Members $87,991,042
Income From Other Sources $2,419,890
Compensation
Key Employees and Officers Compensation Related Other
Charles L Gibson (President &) $441,683 $0 $16,480
Todd Payne (President &) $236,522 $0 $74,618
Penelope Marshall (Sr. Vp Fin/A) $185,970 $0 $74,600
Samuel Owenby (Sr. Vp Oper/) $127,679 $0 $61,036
Michael Martin (Man. Of Info) $100,848 $0 $48,835
Charles R Fendley (Chairman) $32,700 $0 $0
David J Pierce (Director) $30,900 $0 $0
John H Bennett Jr (Vice Chairma) $30,355 $0 $0
Travis Cline (Director) $29,400 $0 $0
William Leon Davis (Director) $29,100 $0 $0
Reggie Stowers (Director) $29,100 $0 $0
Randall Ponder (Sec. Treas.) $28,200 $0 $0
James H Bryan (Director) $26,700 $0 $0
Kathy Burt (Director) $26,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$89,089,406
Expenses
$89,754,118
Net Income
-$664,712
Net Assets
$70,672,685
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $86,849,293
97.5%
Investment Income $2,240,113
2.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $714,551
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $148,894,964
Total Liabilities $78,222,279
Net Assets $70,672,685
Club or Co-Op Income
Income From Members $88,188,798
Income From Other Sources $2,426,015

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$88,334,448
Expenses
$88,334,448
Net Income
$0
Net Assets
$69,421,254
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $86,489,457
97.9%
Investment Income $1,844,991
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $698,201
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $149,089,976
Total Liabilities $79,668,722
Net Assets $69,421,254
Club or Co-Op Income
Income From Members $83,882,355
Income From Other Sources $1,969,839

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$84,135,105
Expenses
$84,135,105
Net Income
$0
Net Assets
$68,421,454
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $82,128,789
97.6%
Investment Income $2,006,316
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $686,163
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $150,395,331
Total Liabilities $81,973,877
Net Assets $68,421,454
Club or Co-Op Income
Income From Members $81,416,606
Income From Other Sources $2,131,287

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$81,579,455
Expenses
$81,579,455
Net Income
$0
Net Assets
$67,251,940
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $79,567,541
97.5%
Investment Income $2,011,914
2.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $672,780
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $151,504,711
Total Liabilities $84,252,771
Net Assets $67,251,940
Club or Co-Op Income
Income From Members $77,353,586
Income From Other Sources $2,160,680

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$84,544,109
Expenses
$84,544,109
Net Income
$0
Net Assets
$65,919,950
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $82,548,616
97.6%
Investment Income $1,995,493
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $613,674
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $152,755,121
Total Liabilities $86,835,171
Net Assets $65,919,950
Club or Co-Op Income
Income From Members $80,419,118
Income From Other Sources $2,166,169

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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