Civic Intelligence

Amicalola Electric Membership Corporation Veba Trust

990 • Fiscal year 2016 • EIN 51-0520207

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 19, 2017

544 Highway 515 SouthJasper, GA 30143

(706) 253-5200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Net Margin

92nd percentile

53%

Higher net margin than 92% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

61st percentile

$38,361

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Source year 2016

Asset Growth

45th percentile

2.2%

Faster asset growth than 45% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

99th percentile

625%

Faster revenue growth than 99% of similar nonprofits.

2016 filings • 501(c)9 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Flat

$16,333,739

Flat from 2016

Net Assets

Flat

$16,333,739

Flat from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Flat

$673,414

Flat from 2016

Expenses

Flat

$319,707

Flat from 2016

Net Income

Flat

$353,707

Flat from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $4,970,673Liabilities 2011: $0Net Assets 2011: $4,970,6732011Assets 2012: $14,249,815Liabilities 2012: $0Net Assets 2012: $14,249,8152012Assets 2013: $15,547,946Liabilities 2013: $0Net Assets 2013: $15,547,9462013Assets 2014: $16,080,304Liabilities 2014: $0Net Assets 2014: $16,080,3042014Assets 2015: $15,980,032Liabilities 2015: $0Net Assets 2015: $15,980,0322015Assets 2016: $16,333,739Liabilities 2016: $0Net Assets 2016: $16,333,7392016Assets 2016: $16,333,739Liabilities 2016: $0Net Assets 2016: $16,333,7392016Assets 2017: $17,618,584Liabilities 2017: $0Net Assets 2017: $17,618,5842017Assets 2018: $16,687,501Liabilities 2018: $0Net Assets 2018: $16,687,5012018Assets 2019: $18,948,339Liabilities 2019: $0Net Assets 2019: $18,948,3392019Assets 2020: $20,726,322Liabilities 2020: $0Net Assets 2020: $20,726,3222020Assets 2021: $21,651,841Liabilities 2021: $0Net Assets 2021: $21,651,8412021Assets 2022: $18,650,815Liabilities 2022: $0Net Assets 2022: $18,650,8152022Assets 2023: $20,107,073Liabilities 2023: $0Net Assets 2023: $20,107,0732023Assets 2024: $21,123,239Liabilities 2024: $0Net Assets 2024: $21,123,2392024

Highlighted filing

2016

Assets$16,333,739
Liabilities$0
Net Assets$16,333,739

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $174,731Expenses 2011: $114,918Net Income 2011: $59,8132011Revenue 2012: $9,311,293Expenses 2012: $32,151Net Income 2012: $9,279,1422012Revenue 2013: $1,345,861Expenses 2013: $47,730Net Income 2013: $1,298,1312013Revenue 2014: $613,108Expenses 2014: $80,750Net Income 2014: $532,3582014Revenue 2015: $92,936Expenses 2015: $193,208Net Income 2015: -$100,2722015Revenue 2016: $673,414Expenses 2016: $319,707Net Income 2016: $353,7072016Revenue 2016: $673,414Expenses 2016: $319,707Net Income 2016: $353,7072016Revenue 2017: $0Expenses 2017: $585,173Net Income 2017: -$585,1732017Revenue 2018: $464,078Expenses 2018: $1,395,161Net Income 2018: -$931,0832018Revenue 2019: $2,993,224Expenses 2019: $732,386Net Income 2019: $2,260,8382019Revenue 2020: $2,233,240Expenses 2020: $455,257Net Income 2020: $1,777,9832020Revenue 2021: $1,558,728Expenses 2021: $633,209Net Income 2021: $925,5192021Revenue 2022: -$2,430,316Expenses 2022: $570,710Net Income 2022: -$3,001,0262022Revenue 2023: $2,039,925Expenses 2023: $583,667Net Income 2023: $1,456,2582023Revenue 2024: $1,727,269Expenses 2024: $711,103Net Income 2024: $1,016,1662024

Highlighted filing

2016

Revenue$673,414
Expenses$319,707
Net Income$353,707
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 19, 2017
Return Version
2016v3.0
Gross Receipts
$20,686,256
Mission and Program Overview

Mission

To provide certain retiree health benefits for those employees of amicalola electric membership corporation (amicalola emc) covered by amicalola emc's postretirement healthcare plan.

Provide certain retiree health benefits for those employees of amicalola electric membership corporation covered by the trust.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$15,980,032$16,333,738▲ $353,706
Cash and Non-Interest-Bearing Accounts-$1-
Total Assets$15,980,032$16,333,739▲ $353,707
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$15,980,032$16,333,739▲ $353,707
Total Net Assets Fund Balance$15,980,032$16,333,739▲ $353,707
Total Liabilities and Net Assets / Fund Balance$15,980,032$16,333,739▲ $353,707
Compensation and Service Providers

Employees

NameTitleOtherTotal
Regions Morgan Keegan TrustTrustee$38,361$38,361
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$222
Investment Income
$362,533
Other Revenue
$310,659
Change in Net Assets
$353,707
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$281,346
Salaries, Compensation, and Employee Benefits$38,361
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses---$281,346
Other Salaries and Wages---$38,361
Total Functional Expenses$0$0$0$319,707
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by amicalola electric membership corporation's (amicalola)board of directors with all supporting documentation made available to them.

Form 990, Page 6, Part VI, Line 12C

Amicalola regularly and consistently monitors and enforces compliance with their conflict of interest policy as provided for in its policy.

Form 990, Page 6, Part VI, Line 19

Amicalola makes its conflict of interest policy and financial statements available to the public as part of its form 990. The trust also makes its financial statements available to the public as part of its form 990. Both form 990's are available upon request as reflected in part vi, section c,line 18.

Filing and Contact Details

Filer

Filer Name
Amicalola Electric Membership
EIN
51-0520207
Phone
7062535200
Address
544 HIGHWAY 515 SOUTH, JASPER, GA 30143

Signing Officer

Name
Regions Morgan Keegan Trust
Title
Trustee
Phone
7062535200
Signed
2017-04-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Regions Morgan Keegan Trust
Formed
2004
Legal Domicile
Ga
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Mcnair Mclemore Middlebrooks & Co LLC
Address
POST OFFICE BOX ONE, MACON, GA 31202-0001
Preparer
J Randolph Nichols
Phone
4787466277
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

NA

Raw XML Appendix233 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0PROVIDE CERTAIN RETIREE HEALTH BENEFITS FOR THOSE EMPLOYEES OF AMICALOLA ELECTRIC MEMBERSHIP CORPORATION COVERED BY THE TRUST.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0AMICALOLA EMC VEBA TRUST
IRS990/BooksInCareOfDetail/PhoneNum07062535200
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0544 HIGHWAY 515 SOUTH
IRS990/BooksInCareOfDetail/USAddress/CityNm0JASPER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0GA
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IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990/CYOtherExpensesAmt0281346
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IRS990/CYTotalRevenueAmt0673414
IRS990/DecisionsSubjectToApprovaInd0false
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IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0VEBA REVENUES CONSIST OF CONTRIBUTIONS FROM AMICALOLA ELECTRIC MEMBERSHIP CORPORATION (A TAX-EXEMPT ORGANIZATION) AND INVESTMENT EARNINGS FROM ITS ASSETS. ALL REVENUES ARE TO BE USED FOR PROVIDING HEALTH INSURANCE FOR RETIREES.
IRS990/DescribedInSection501c3Ind0false
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IRS990/EmployeeCnt00
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IRS990/FormerOfcrEmployeesListedInd0false
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IRS990/GainOrLossGrp/SecuritiesAmt0-18467
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt019994375
IRS990/GrossReceiptsAmt020686256
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0381000
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0381000
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt015980032
IRS990/InvestmentsPubTradedSecGrp/EOYAmt016333738
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0GA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt020012842
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROVIDE CERTAIN RETIREE HEALTH BENEFITS FOR THOSE EMPLOYEES OF AMICALOLA ELECTRIC MEMBERSHIP CORPORATION COVERED BY THE TRUST.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt015980032
IRS990/NetAssetsOrFundBalancesEOYAmt016333739
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-18467
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-18467
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/TotalAmt0281346
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0CHANGE IN FUND VALUE
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0310659
IRS990/OtherRevenueTotalAmt0310659
IRS990/OtherSalariesAndWagesGrp/TotalAmt038361
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0REGIONS MORGAN KEEGAN TRUST
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0523000
IRS990/ProgramServiceRevenueGrp/Desc0OTHER RECEIPTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0222
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0222
IRS990/ProgSrvcAccomActyOtherGrp/Desc0NA
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0319707
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0400143
IRS990/PYOtherExpensesAmt0154783
IRS990/PYOtherRevenueAmt0-307611
IRS990/PYProgramServiceRevenueAmt0404
IRS990/PYRevenuesLessExpensesAmt0-100272
IRS990/PYSalariesCompEmpBnftPaidAmt038425
IRS990/PYTotalExpensesAmt0193208
IRS990/PYTotalRevenueAmt092936
IRS990/ReconcilationRevenueExpnssAmt0353707
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0222
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS REVIEWED BY AMICALOLA ELECTRIC MEMBERSHIP CORPORATION'S (AMICALOLA)BOARD OF DIRECTORS WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AMICALOLA REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AMICALOLA MAKES ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE TRUST ALSO MAKES ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. BOTH FORM 990'S ARE AVAILABLE UPON REQUEST AS REFLECTED IN PART VI, SECTION C,LINE 18.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0REGIONS MORGAN KEEGAN TRUST
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ReturnHeader/BusinessOfficerGrp/PhoneNum07062535200
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AMICALOLA ELECTRIC MEMBERSHIP
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION VEBA TRUST
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ReturnHeader/Filer/EIN0510520207
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0312020001
ReturnHeader/PreparerPersonGrp/PhoneNum04787466277
ReturnHeader/PreparerPersonGrp/PreparationDt02017-04-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J RANDOLPH NICHOLS
ReturnHeader/ReturnTs02017-04-19T17:59:25+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.1$0.00$21.1$1.73$0.71$1.02
2023Summary only. Only limited summary data is available for this year.$20.1$0.00$20.1$2.04$0.58$1.46
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.7$0.00$18.7$2.43$0.57$3.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.7$0.00$21.7$1.56$0.63$0.93
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.7$0.00$20.7$2.23$0.46$1.78
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.9$0.00$18.9$2.99$0.73$2.26
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.7$0.00$16.7$0.46$1.40$0.93
2017Summary only. Only limited summary data is available for this year.$17.6$0.00$17.6$0.00$0.59$0.59
2016Detailed filing. Detailed filing data is available for this year.$16.3$0.00$16.3$0.67$0.32$0.35
2016Summary only. Only limited summary data is available for this year.$16.3$0.00$16.3$0.67$0.32$0.35
2015Summary only. Only limited summary data is available for this year.$16.0$0.00$16.0$0.09$0.19$0.10
2014Summary only. Only limited summary data is available for this year.$16.1$0.00$16.1$0.61$0.08$0.53
2013Summary only. Only limited summary data is available for this year.$15.5$0.00$15.5$1.35$0.05$1.30
2012Summary only. Only limited summary data is available for this year.$14.2$0.00$14.2$9.31$0.03$9.28
2011Summary only. Only limited summary data is available for this year.$4.97$0.00$4.97$0.17$0.11$0.06