Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1942.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
15 people listed on the 990; $927K paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Carlton O Thomas | — | — | $219,185 | $208,741 | $206,212 |
| Janet Grimsley | $180,811 | $164,275 | $137,098 | $115,151 | $113,751 |
| Michael Beard | $128,155 | $122,278 | $104,323 | — | — |
| Joshua K Cook | $125,599 | $111,855 | — | — | — |
| Robert R Wilbourn | $115,811 | $121,834 | $110,145 | $101,652 | — |
| William T Richardson | $117,391 | $115,214 | $100,198 | $102,613 | — |
| Raymond J Sherrer | — | $108,381 | — | — | — |
| Markus E Whittaker | $108,086 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Three Notch Electric Membership Corp executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Delivers electricity to members affordably and efficiently.
Questions for Three Notch Electric Membership Corp
Your first name shows with your question. Three Notch Electric Membership Corp answers here, for everyone.
Sale of electricity to approximately 8,200 cooperative members located in southwest georgia.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Federal money
The auditor reported no findings.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $11.6M | $12.2M |
| InvestmentsLn 11–13 | $26.6M | $25.6M |
| Land, buildings, equipmentLn 10c | $67.1M | $69.3M |
| Total assetsLn 16 | $110.4M | $113.3M |
| LiabilitiesLn 26 | $51.3M | $48.8M |
| Net assetsLn 32 | $59.1M | $64.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Benefits paid to or for membersLn 4 | $5.8M | |||
| Pay of current officers, directors and key staffLn 5 | $406K | |||
| InterestLn 20 | $1.9M | |||
| Depreciation, depletion and amortizationLn 22 | $3.0M | |||
| Other expenses (24a–d)Ln 24 | $30.1M | |||
| All other expensesLn 24e | $1.1M | |||
| Total functional expensesLn 25 | $42.3M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 | $44.1M | $42.3M | $1.9M | $64.5M | 990 PDF |
| FY2023Filed with the IRS Mar 19, 2024 | $43.4M | $42.7M | $737K | $59.1M | 990 PDF |
| FY2022Filed with the IRS Apr 12, 2023 | $36.5M | $36.2M | $277K | $50.6M | 990 PDF |
| FY2021Filed with the IRS Mar 24, 2022 | $33.7M | $33.0M | $699K | $47.1M | 990 PDF |
| FY2020Filed with the IRS May 17, 2021 | $35.8M | $35.7M | $134K | $46.1M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $44,143,435 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, no flags
Part VIII · Statement of revenue $44,143,435 across 3 lines filed
Part IX · Statement of functional expenses $42,266,188 across 6 lines filed
Part X · Balance sheet $113,292,027 assets, 17 lines filed
Part XI · Reconciliation of net assets $64,454,905 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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