Greystone Power Corporation An Electric Membership Corporation in Douglasville, Georgia (GA)

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Greystone Power Corporation An Electric Membership Corporation
Employer Identification Number (EIN)580224655
Name of OrganizationGreystone Power Corporation An Electric Membership Corporation
Address4040 Bankhead Hwy, Douglasville, GA 30134-4313
ActivitiesMutual ditch, irrigation, telephone, electric company or like organization
SubsectionOrganization Like Those on Three Preceding Lines
Ruling Date08/1938
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$456,558,980
Amount of Income$262,659,791
Form 990 Revenue Amount$262,372,596


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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?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$264,228,234
Gross income from other sources$1,229,821
Statement of Revenue (for 2011)
Total revenue$268,906,461
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$266,981,031
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,426,015
Income from investment of tax-exempt bond proceeds$0
Royalties$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$0
Net loss from sales of inventory$-8,360
Gross sales of inventory, less returns and allowances$404,114
Less: cost of goods sold$412,474
Miscellaneous Revenue$507,775
Statement of Functional Expenses (for 2011)
Total functional expenses$268,906,461
Compensation of current officers, directors, trustees, and key employees$578,131
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$268,328,330
Balance Sheet (for 2011)
Total assets$465,904,987
Total liabilities$279,087,659
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$232,440,598
Unsecured notes and loans payable to unrelated third parties$0
Other$46,647,061
Total net assets or fund balances$186,817,328
Retained earnings, endowment, accumulated income, or other funds$180,999,918
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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