Green Power Emc FY2021 filing

Not tax-deductible

Tucker, GAMutual-benefit / member-servingSince 2001Public & Societal Benefit EIN 01-0589514Revenue $48.3M in FY2021

On file with the IRSgreenpoweremc.com2100 East Exchange Place 556, 30084-5342 · Tucker, GATax-exempt since Jun 2003

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Sale of electricity from cleaner, greener GA sources for members cooperatives

Mission: Form 990 Part I, line 1

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $129K a year · under 1% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.3M
78% of total assets
Worth a look: liabilities are 78% of assets; over 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$48.3M
+27% vs prior year
Spent
$48.3M
Net assets
$952K
By yearFY2020–FY2024
Revenue
$48.3M
FY2021▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2020$37.9M
FY2021$48.3M
FY2022$55.4M
FY2023$68.7M
FY2024$64.1M
Expenses
$48.3M
FY2021▲ +27%
Tap a bar for its year
Expenses by fiscal year
FY2020$37.9M
FY2021$48.3M
FY2022$55.3M
FY2023$68.4M
FY2024$63.9M
Net assets
$952K
FY2021▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$898K
FY2021$952K
FY2022$1.0M
FY2023$1.3M
FY2024$1.5M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Chairman/Director
$0Pt VII · Sec A
Vice-Chairman/Director
$0Pt VII · Sec A
Secretary-Treasurer/Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Green Power Emc executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Sells cleaner, greener electricity from Georgia sources to member cooperatives.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

Green Power EMC is a not-for-profit corporation organized to furnish electrical energy and service, assist its members in the efficient and economical use of energy in research and promote and develope energy conservation and sources and methods of conserving, producting, converting and delivering energy and engage in any lawful act of…

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$48.3M
Ln 12
Fees for servicesLn 2g$48.1M
Other incomeLn 4–11$214K
Investment incomeLn 3$2K
Money outPt IX
$48.3M
Ln 25
Owns and owesPt X
$952K
net assets · Ln 32
Cash and savingsLn 1–2$963K
Total assetsLn 16$4.3M
LiabilitiesLn 26$3.3M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$48.1M
Investment incomeLn 3$2K
Other incomeLn 4–11$214K
Total revenueLn 12$48.3M
Assets in detailPt X, end of year
CashLn 1$963K
Cash and savings togetherLn 1–2$963K
InvestmentsLn 11–13$9K
Total assetsLn 16$4.3M
LiabilitiesLn 26$3.3M
Net assetsLn 32$952K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.1M$963K
InvestmentsLn 11–13$8K$9K
Total assetsLn 16$4.5M$4.3M
LiabilitiesLn 26$3.6M$3.3M
Net assetsLn 32$898K$952K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other expenses (24a–d)Ln 24$48.3M
Total functional expensesLn 25$48.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $64.1M$63.9M$205K$1.5M 990 PDF
FY2023 $68.7M$68.4M$260K$1.3M 990 PDF
FY2022 $55.4M$55.3M$63K$1.0M 990 PDF
FY2021 Viewing $48.3M$48.3M$54K$952K 990 PDF
FY2020 $37.9M$37.9M$60K$898K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $48,321,829 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $37,786,125$48,106,451
I-10 Investment incomePrior year $1,260$1,787
I-11 Other revenuePrior year $159,778$213,591
I-12 Total revenuePrior year $37,947,163$48,321,829
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $37,887,032$48,267,831
I-18 Total expensesPrior year $37,887,032$48,267,831
I-19 Revenue less expensesPrior year $60,131$53,998
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $48,321,829 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $48,106,451$48,106,451
VIII-3 Investment incomeExcluded from tax $1,787$1,787
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $213,591$213,591
VIII-12 Total revenueRelated to mission $48,320,042 · Unrelated business $0 · Excluded from tax $1,787$48,321,829
Part IX · Statement of functional expenses $48,267,831 across 1 line filed
IX-24 Other expenses (24a–d)$48,267,831
IX-25 Total functional expenses$48,267,831
Part X · Balance sheet $4,289,905 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,125,880$963,126
X-4 Accounts receivableStart of year $3,310,752$3,283,081
X-9 Prepaid expenses and deferred chargesStart of year $46,229$34,315
X-11 Publicly traded securitiesStart of year $7,638$9,383
X-16 Total assetsStart of year $4,490,499$4,289,905
X-17 Accounts payable and accrued expensesStart of year $3,592,485$3,337,893
X-26 Total liabilitiesStart of year $3,592,485$3,337,893
X-27 Net assets without donor restrictionsStart of year $898,014$952,012
X-32 Total net assets or fund balancesStart of year $898,014$952,012
X-33 Total liabilities and net assetsStart of year $4,490,499$4,289,905
Part XI · Reconciliation of net assets $952,012 net assets at year end
XI-1 Total revenue$48,321,829
XI-2 Total expenses$48,267,831
XI-3 Revenue less expenses$53,998
XI-4 Net assets at start of year$898,014
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$952,012

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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