Slash Pine Electric Membership Corporation in Homerville, Georgia (GA)

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Slash Pine Electric Membership Corporation
Employer Identification Number (EIN)580428892
Name of OrganizationSlash Pine Electric Membership Corporation
Address794 W Dame Ave, Homerville, GA 31634-2142
ActivitiesOther services or benefits to members or employees
SubsectionBenevolent Life Insurance Assoc.
Ruling Date08/1941
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$10,000,000 to $49,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$34,263,956
Amount of Income$19,588,653
Form 990 Revenue Amount$19,588,653

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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$19,375,616
Gross income from other sources$85,676
Statement of Revenue (for 2011)
Total revenue$19,588,653
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$19,544,747
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$43,906
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$19,588,653
Compensation of current officers, directors, trustees, and key employees$265,712
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$34,263,956
Total liabilities$21,081,712
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$14,449,004
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$13,182,244
Retained earnings, endowment, accumulated income, or other funds$13,152,914
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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