Civic Intelligence

Central Electric Power Association

990 • Fiscal year 2014 • EIN 64-0132702

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 24, 2014

PO Box 47739051-0477

(601) 267-5671

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$134,326,026

Flat from 2014

Net Assets

Flat

$77,468,680

Flat from 2014

Liabilities

Flat

$56,857,346

Flat from 2014

Revenue And Expenses

Revenue

Flat

$25,232,404

Flat from 2014

Expenses

Flat

$18,880,893

Flat from 2014

Net Income

Flat

$6,351,511

Flat from 2014

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2011: $108,118,149Liabilities 2011: $44,326,928Net Assets 2011: $63,791,2212011Assets 2012: $114,425,253Liabilities 2012: $45,648,822Net Assets 2012: $68,776,4312012Assets 2013: $135,363,577Liabilities 2013: $60,744,012Net Assets 2013: $74,619,5652013Assets 2014: $134,326,026Liabilities 2014: $56,857,346Net Assets 2014: $77,468,6802014Assets 2014: $134,326,026Liabilities 2014: $56,857,346Net Assets 2014: $77,468,6802014Assets 2015: $130,639,296Liabilities 2015: $54,780,993Net Assets 2015: $75,858,3032015Assets 2016: $129,258,006Liabilities 2016: $49,011,453Net Assets 2016: $80,246,5532016Assets 2017: $122,299,572Liabilities 2017: $39,611,142Net Assets 2017: $82,688,4302017Assets 2018: $123,236,097Liabilities 2018: $37,430,467Net Assets 2018: $85,805,6302018Assets 2019: $123,638,172Liabilities 2019: $35,954,956Net Assets 2019: $87,683,2162019Assets 2020: $124,036,329Liabilities 2020: $35,179,612Net Assets 2020: $88,856,7172020Assets 2021: $129,001,303Liabilities 2021: $33,169,915Net Assets 2021: $95,831,3882021Assets 2022: $142,416,370Liabilities 2022: $43,241,223Net Assets 2022: $99,175,1472022Assets 2023: $141,190,862Liabilities 2023: $40,471,710Net Assets 2023: $100,719,1522023Assets 2024: $141,855,761Liabilities 2024: $38,493,674Net Assets 2024: $103,362,0872024Assets 2025: $143,671,386Liabilities 2025: $38,425,209Net Assets 2025: $105,246,1772025

Highlighted filing

2014

Assets$134,326,026
Liabilities$56,857,346
Net Assets$77,468,680

Operations Trend

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

$150M$100M$50M$0Expenses 2011: $18,565,2482011Revenue 2012: $24,003,373Expenses 2012: $18,829,495Net Income 2012: $5,173,8782012Revenue 2013: $24,357,439Expenses 2013: $19,388,741Net Income 2013: $4,968,6982013Revenue 2014: $25,232,404Expenses 2014: $18,880,893Net Income 2014: $6,351,5112014Revenue 2014: $25,232,404Expenses 2014: $18,880,893Net Income 2014: $6,351,5112014Revenue 2015: $23,229,897Expenses 2015: $19,168,029Net Income 2015: $4,061,8682015Revenue 2016: $23,429,308Expenses 2016: $20,554,323Net Income 2016: $2,874,9852016Revenue 2017: $24,583,550Expenses 2017: $22,141,673Net Income 2017: $2,441,8772017Revenue 2018: $24,145,341Expenses 2018: $21,028,141Net Income 2018: $3,117,2002018Revenue 2019: $93,855,694Expenses 2019: $91,984,524Net Income 2019: $1,871,1702019Revenue 2020: $91,277,753Expenses 2020: $90,111,332Net Income 2020: $1,166,4212020Revenue 2021: $91,582,514Expenses 2021: $87,543,321Net Income 2021: $4,039,1932021Revenue 2022: $101,127,410Expenses 2022: $97,785,921Net Income 2022: $3,341,4892022Revenue 2023: $108,351,567Expenses 2023: $106,878,598Net Income 2023: $1,472,9692023Revenue 2024: $108,914,730Expenses 2024: $106,187,025Net Income 2024: $2,727,7052024Revenue 2025: $115,068,842Expenses 2025: $113,192,642Net Income 2025: $1,876,2002025

Highlighted filing

2014

Revenue$25,232,404
Expenses$18,880,893
Net Income$6,351,511
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 24, 2014
Return Version
2013v3.1
Gross Receipts
$95,031,370
Mission and Program Overview

Mission

Provide electricity to over 35,000 members in central mississippi.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$88,511,213$87,786,655▼ $724,558
Rtn Earn Endowment Incm Other Fnds$73,867,060$76,715,405▲ $2,848,345
Cash and Non-Interest-Bearing Accounts$32,286,064$34,683,493▲ $2,397,429
Accounts Receivable$6,249,162$6,093,759▼ $155,403
Investments Other Securities$2,839,692$2,695,598▼ $144,094
Inventories for Sale or Use$1,545,874$1,640,366▲ $94,492
Prepaid Expenses and Deferred Charges$3,931,572$1,426,155▼ $2,505,417
Cap Stk Tr Prin Current Funds$752,505$753,275▲ $770
Total Assets$135,363,577$134,326,026▼ $1,037,551
Liabilities
Mortgage Notes Payable Secured by Investment Property$45,075,491$40,307,676▼ $4,767,815
Accounts Payable and Accrued Expenses$14,940,292$15,267,138▲ $326,846
Other Liabilities$728,229$1,282,532▲ $554,303
Total Liabilities$60,744,012$56,857,346▼ $3,886,666
Net Assets / Fund Balance
Total Net Assets Fund Balance$74,619,565$77,468,680▲ $2,849,115
Total Liabilities and Net Assets / Fund Balance$135,363,577$134,326,026▼ $1,037,551

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$82,893,626$63,737,370$146,630,996
Other Land Buildings$4,031,554$2,663,217$6,694,771
Land$861,475-$861,475
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Paul D LongManagerFT$225,886$225,886
George M StewartMaint. DirectorFT$120,354$120,354
Amy ShepardDirector ofFT$109,738$109,738
Brian LongDirector ofFT$109,005$109,005
Danny ThorntonDirectorPT$5,600$5,600
David BoydDirectorPT$5,600$5,600
Don HowingtonDirectorPT$5,600$5,600
Joe SandersDirectorPT$5,600$5,600
Max LoperDirectorPT$5,600$5,600
Pettey LeachDirectorPT$5,600$5,600
Phillip CrosbyDirectorPT$5,600$5,600
Ray BrittDirectorPT$5,600$5,600
Tim CookDirectorPT$5,600$5,600
Hanna WatsonDirectorPT$4,800$4,800

Highest Paid Contractors

ContractorServicesLocationCompensation
Progressive Solutions LLCRow Contractor-$1,539,645
-Meter Reader-$135,862
Revenue and Support

Revenue Composition

Contributions and Grants
$770
Program Service Revenue
$0
Investment Income
$330,580
Other Revenue
$24,901,054
Change in Net Assets
$6,351,511

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,232,404
Total Revenue per Audited Statements
$25,232,404
Total Revenue per Form 990
$25,232,404
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$18,880,893
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$5,196,454--$5,196,454
Office Expenses$1,917,786--$1,917,786
Interest$1,269,923--$1,269,923
Other Expenses$286,475--$286,475
All Other Expenses$187,457--$187,457
Total Functional Expenses$18,880,893$0$0$18,880,893

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$18,880,893
Total Expenses per Audited Statements$18,880,893
Total Expenses per Form 990$18,880,893
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advances From Tva$670,508
Employee Retirement Benefit Payable$608,228
Postretirement Benefits$3,796
Deferred Credits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

YES

Form 990, Page 6, Part VI, Line 7B

YES

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

Form 990 will be reviewed by members of the governing body at a board meeting prior to the filing of the return.

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

YES

Form 990, Page 6, Part VI, Line 15A

YES

Form 990, Page 6, Part VI, Line 15B

YES

Form 990, Page 6, Part VI, Line 19

Documents are available at the office in carthage, mississippi.

Filing and Contact Details

Filer

EIN
64-0132702
Phone
6012675671

Signing Officer

Name
Paul D Long
Title
Manager
Phone
6012675671
Signed
2014-10-24

Organization Details

Formed
1937
Legal Domicile
Ms
Voting Board Members
10
Independent Board Members
10
Employees
125

Preparer

Preparer
A T Williams
Phone
6016562742
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Pension liability adjustment 0 pension liability adjustment 3,336,103 refunds for billing errors 166,293

Raw XML Appendix400 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.

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IRS990/OtherExpensesGrp/ProgramServicesAmt22615969
IRS990/OtherExpensesGrp/ProgramServicesAmt3286475
IRS990/OtherExpensesGrp/TotalAmt04175063
IRS990/OtherExpensesGrp/TotalAmt13231766
IRS990/OtherExpensesGrp/TotalAmt22615969
IRS990/OtherExpensesGrp/TotalAmt3286475
IRS990/OtherLiabilitiesGrp/BOYAmt0728229
IRS990/OtherLiabilitiesGrp/EOYAmt01282532
IRS990/OtherRevenueMiscGrp/Desc0JOINT POLE RENTALS
IRS990/OtherRevenueMiscGrp/ExclusionAmt01239460
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01239460
IRS990/OtherRevenueTotalAmt01239460
IRS990/OtherSourcesGrossIncomeAmt01570040
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03931572
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01426155
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01805
IRS990/PYInvestmentIncomeAmt0292278
IRS990/PYOtherExpensesAmt019388741
IRS990/PYOtherRevenueAmt024063356
IRS990/PYRevenuesLessExpensesAmt04968698
IRS990/PYTotalExpensesAmt019388741
IRS990/PYTotalRevenueAmt024357439
IRS990/ReconcilationRevenueExpnssAmt06351511
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt073867060
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt076715405
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt082893626
IRS990ScheduleD/EquipmentGrp/DepreciationAmt063737370
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0146630996
IRS990ScheduleD/ExpensesSubtotalAmt018880893
IRS990ScheduleD/LandGrp/BookValueAmt0861475
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0861475
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04031554
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02663217
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06694771
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0670508
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1608228
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23796
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ADVANCES FROM TVA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1EMPLOYEE RETIREMENT BENEFIT PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2POSTRETIREMENT BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED CREDITS
IRS990ScheduleD/RevenueSubtotalAmt025232404
IRS990ScheduleD/TotalBookValueLandBuildingsAmt087786655
IRS990ScheduleD/TotalExpensesPerForm990Amt018880893
IRS990ScheduleD/TotalLiabilityAmt01282532
IRS990ScheduleD/TotalRevenuePerForm990Amt025232404
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt025232404
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt018880893
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0225886
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PAUL D LONG
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0225886
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 WILL BE REVIEWED BY MEMBERS OF THE GOVERNING BODY AT A BOARD MEETING PRIOR TO THE FILING OF THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DOCUMENTS ARE AVAILABLE AT THE OFFICE IN CARTHAGE, MISSISSIPPI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PENSION LIABILITY ADJUSTMENT 0 PENSION LIABILITY ADJUSTMENT 3,336,103 REFUNDS FOR BILLING ERRORS 166,293
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0135363577
IRS990/TotalAssetsEOYAmt0134326026
IRS990/TotalAssetsGrp/BOYAmt0135363577
IRS990/TotalAssetsGrp/EOYAmt0134326026
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt0770
IRS990/TotalEmployeeCnt0125
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt018880893
IRS990/TotalFunctionalExpensesGrp/TotalAmt018880893
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt060744012
IRS990/TotalLiabilitiesEOYAmt056857346
IRS990/TotalLiabilitiesGrp/BOYAmt060744012
IRS990/TotalLiabilitiesGrp/EOYAmt056857346
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt074619565
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt077468680
IRS990/TotalProgramServiceExpensesAmt018880893
IRS990/TotalReportableCompFromOrgAmt0620183
IRS990/TotalRevenueGrp/ExclusionAmt01570040
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt023661594
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt025232404
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0135363577
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0134326026
IRS990/TypeOfOrganizationAssocInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.CENTRALEPA.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL D LONG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum06012675671
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-24
ReturnHeader/Filer/BusinessName/BusinessNameLine10CENTRAL ELECTRIC POWER ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0CENT
ReturnHeader/Filer/EIN0640132702
ReturnHeader/Filer/PhoneNum06012675671
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 477
ReturnHeader/Filer/USAddress/City0CARTHAGE
ReturnHeader/Filer/USAddress/State0MS
ReturnHeader/Filer/USAddress/ZIPCode0390510477
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640295411
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10REA SHAW GIFFIN & STUART LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10322 BYRD AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0PHILADELPHIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0393502518
ReturnHeader/PreparerPersonGrp/PhoneNum06016562742
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0A T WILLIAMS
ReturnHeader/ReturnTs02014-11-06T10:21:53-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$144$38.4$105$115$113$1.88
2024Summary only. Only limited summary data is available for this year.$142$38.5$103$109$106$2.73
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$141$40.5$101$108$107$1.47
2022Summary only. Only limited summary data is available for this year.$142$43.2$99.2$101$97.8$3.34
2021Summary only. Only limited summary data is available for this year.$129$33.2$95.8$91.6$87.5$4.04
2020Summary only. Only limited summary data is available for this year.$124$35.2$88.9$91.3$90.1$1.17
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$124$36.0$87.7$93.9$92.0$1.87
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$123$37.4$85.8$24.1$21.0$3.12
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$122$39.6$82.7$24.6$22.1$2.44
2016Detailed filing. Detailed filing data is available for this year.$129$49.0$80.2$23.4$20.6$2.87
2015Detailed filing. Detailed filing data is available for this year.$131$54.8$75.9$23.2$19.2$4.06
2014Detailed filing. Detailed filing data is available for this year.$134$56.9$77.5$25.2$18.9$6.35
2014Summary only. Only limited summary data is available for this year.$134$56.9$77.5$25.2$18.9$6.35
2013Summary only. Only limited summary data is available for this year.$135$60.7$74.6$24.4$19.4$4.97
2012Summary only. Only limited summary data is available for this year.$114$45.6$68.8$24.0$18.8$5.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$108$44.3$63.8$18.6