Civic Intelligence

Pearl River Valley Electric Power Association

990 • Fiscal year 2019 • EIN 64-0219645

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization ProfileWWW.PRVEPA.COM

View Organization Page

Post Office Box 1217Columbia, MS 39429-1217

(601) 736-2666

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.61x

Higher debt load relative to assets than 53% of similar nonprofits.

2019 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2019

Liabilities / Revenue

38th percentile

1.18x

Higher debt load relative to revenue than 38% of similar nonprofits.

2019 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2019

Net Margin

11th percentile

-0.1%

Higher net margin than 11% of similar nonprofits.

2019 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2019

Top Officer Pay

17th percentile

$378,739

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2019 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2019

Asset Growth

45th percentile

2.9%

Faster asset growth than 45% of similar nonprofits.

2019 filings • 501(c)12 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Revenue Growth

57th percentile

0.3%

Faster revenue growth than 57% of similar nonprofits.

2019 filings • 501(c)12 • $250M-$1B nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$252,253,554

Up $7,029,497 (+2.9%) from 2018

Net Assets

Down

$99,603,682

Down $4,049,701 (-3.9%) from 2018

Liabilities

Up

$152,649,872

Up $11,079,198 (+7.8%) from 2018

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin11th percentile

Revenue

Up

$128,844,422

Up $344,565 (+0.3%) from 2018

Expenses

Up

$129,028,294

Up $967,596 (+0.8%) from 2018

Net Income

Down

-$183,872

Down $623,031 (-142%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$600M$400M$200M$0Assets 2010: $190,696,040Liabilities 2010: $120,846,275Net Assets 2010: $69,849,7652010Assets 2011: $201,289,953Liabilities 2011: $138,117,775Net Assets 2011: $63,172,1782011Assets 2012: $205,820,984Liabilities 2012: $135,885,812Net Assets 2012: $69,935,1722012Assets 2013: $214,993,439Liabilities 2013: $130,218,168Net Assets 2013: $84,775,2712013Assets 2014: $218,073,076Liabilities 2014: $138,032,912Net Assets 2014: $80,040,1642014Assets 2015: $225,252,636Liabilities 2015: $139,712,584Net Assets 2015: $85,540,0522015Assets 2016: $233,658,940Liabilities 2016: $141,994,103Net Assets 2016: $91,664,8372016Assets 2017: $236,164,926Liabilities 2017: $142,064,640Net Assets 2017: $94,100,2862017Assets 2018: $245,224,057Liabilities 2018: $141,570,674Net Assets 2018: $103,653,3832018Assets 2019: $252,253,554Liabilities 2019: $152,649,872Net Assets 2019: $99,603,6822019Assets 2020: $260,839,233Liabilities 2020: $164,686,437Net Assets 2020: $96,152,7962020Assets 2021: $282,339,813Liabilities 2021: $171,631,940Net Assets 2021: $110,707,8732021Assets 2022: $322,492,209Liabilities 2022: $188,833,259Net Assets 2022: $133,658,9502022Assets 2023: $387,763,546Liabilities 2023: $248,600,904Net Assets 2023: $139,162,6422023Assets 2024: $421,101,434Liabilities 2024: $264,322,231Net Assets 2024: $156,779,2032024

Highlighted filing

2019

Assets$252,253,554
Liabilities$152,649,872
Net Assets$99,603,682
Open 2019 Filing

Operations Trend

Revenue Growth57th percentile

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

$200M$150M$100M$50M$0-$50MExpenses 2010: $117,267,2312010Expenses 2011: $113,085,0552011Expenses 2012: $122,103,4292012Revenue 2013: $122,216,595Expenses 2013: $121,201,436Net Income 2013: $1,015,1592013Revenue 2014: $127,449,390Expenses 2014: $127,976,910Net Income 2014: -$527,5202014Revenue 2015: $130,531,922Expenses 2015: $130,300,633Net Income 2015: $231,2892015Revenue 2016: $122,336,329Expenses 2016: $123,042,640Net Income 2016: -$706,3112016Revenue 2017: $122,418,121Expenses 2017: $122,921,158Net Income 2017: -$503,0372017Revenue 2018: $128,499,857Expenses 2018: $128,060,698Net Income 2018: $439,1592018Revenue 2019: $128,844,422Expenses 2019: $129,028,294Net Income 2019: -$183,8722019Revenue 2020: $126,524,793Expenses 2020: $127,197,030Net Income 2020: -$672,2372020Revenue 2021: $130,089,296Expenses 2021: $131,299,675Net Income 2021: -$1,210,3792021Revenue 2022: $139,698,915Expenses 2022: $139,467,817Net Income 2022: $231,0982022Revenue 2023: $149,565,482Expenses 2023: $149,918,901Net Income 2023: -$353,4192023Revenue 2024: $160,999,727Expenses 2024: $159,774,956Net Income 2024: $1,224,7712024

Highlighted filing

2019

Revenue$128,844,422
Expenses$129,028,294
Net Income-$183,872
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$128,852,955
Mission and Program Overview

Mission

The association's mission is to provide electric power to residential and commerical consumers.

The association's mission is to provide electric power to residential and commerical customers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$170,801,326$176,487,076▲ $5,685,750
Rtn Earn Endowment Incm Other Fnds$102,729,446$98,680,730▼ $4,048,716
Accounts Receivable$13,570,622$12,041,171▼ $1,529,451
Inventories for Sale or Use$3,079,773$3,041,208▼ $38,565
Cash and Non-Interest-Bearing Accounts$1,784,629$2,365,943▲ $581,314
Pd in Cap Srpls Land Bldg Eqp Fund$608,062$608,062→ $0
Cap Stk Tr Prin Current Funds$315,875$314,890▼ $985
Prepaid Expenses and Deferred Charges$294,083$306,896▲ $12,813
Total Assets$245,224,057$252,253,554▲ $7,029,497
Other Assets Total$55,693,624$58,011,260▲ $2,317,636
Liabilities
Mortgage Notes Payable Secured by Investment Property$97,691,528$102,470,851▲ $4,779,323
Other Liabilities$27,575,603$37,887,327▲ $10,311,724
Accounts Payable and Accrued Expenses$10,635,126$7,444,277▼ $3,190,849
Deferred Revenue$5,668,417$4,847,417▼ $821,000
Total Liabilities$141,570,674$152,649,872▲ $11,079,198
Net Assets / Fund Balance
Total Net Assets Fund Balance$103,653,383$99,603,682▼ $4,049,701
Total Liabilities and Net Assets / Fund Balance$245,224,057$252,253,554▲ $7,029,497

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$176,487,076$93,004,689$269,491,765
Other Assets Org$57,468,641--
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Randy WallaceGeneral ManagerFT$346,939$31,800$378,739
Matthew WareOperations ManagerFT$174,440$34,214$208,654
Anthony HarrisDistrict ManagerFT$141,201$28,815$170,016
George CutrerDistrict ManagerFT$133,008$27,774$160,782
William MccraryDistrict ManagerFT$127,946$27,740$155,686
Kurt BrautigamMember Services ManagerFT$136,569$18,351$154,920
Keith ArmstrongMaterials ManagerFT$125,259$27,760$153,019
William PittmanFormer Financial MgrFT$113,769$18,560$132,329
Hugh Gene SmithPresidentPT$27,100-$27,100
Bf Hudson JrDirectorPT$26,100-$26,100
Lavell BondSecretary/treasurerPT$25,800-$25,800
Matt ThomasDirectorPT$25,200-$25,200
Danny WilksVice PresidentPT$24,300-$24,300
Wa KendrickDirectorPT$24,300-$24,300
Jack BradshawDirectorPT$21,900-$21,900
Leslie PetersDirector-$21,300-$21,300
Byrus HurtDirector-$19,500-$19,500
Lawrence W WarrenDirector-$18,000-$18,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Looks Great ServicesRight Of Way Maint1501 HIGHWAY 13 NORTH, Columbia, MS 39429$5,177,616
Mdr ConstructionConstruction621 E BAYLIS CHAPEL ROAD, Columbia, MS 39429$476,941
Dungan EngineeringCivil Engineering1574 HWY 98 EAST, Columbia, MS 39429$326,283
Jenkins Weed ControlRight Of Way Herbicide AppPO BOX 3119, Oxford, MS 38655$150,250
Southeast Woodland ServicesRight Of Way Maintenance431 CAINES LANDING RD, Conway, SC 29526$137,797
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$128,723,309
Investment Income
$111,435
Other Revenue
$9,678
Change in Net Assets
$-183,872

Audited Revenue Reconciliation

Revenue per Audited Statements
$128,844,422
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3
Total Revenue per Audited Statements
$128,844,425
Total Revenue per Form 990
$128,844,422
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$108,159,503
Salaries, Compensation, and Employee Benefits$12,362,725
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$8,506,066
Depreciation Depletion---$7,021,284
Other Salaries and Wages---$4,593,995
Interest---$4,579,525
Other Employee Benefits---$3,364,800
Pension Plan Contributions---$2,975,740
All Other Expenses---$1,506,938
Other Expenses---$954,609
Current Officers, Directors, Trustees, and Key Employees---$868,947
Office Expenses---$787,603
Payroll Taxes---$559,243
Travel---$162,973
Fees for Services Accounting---$139,577
Fees for Services Legal---$47,644
Total Functional Expenses$0$0$0$129,028,294

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$129,028,294
Expenses per Audited Statements$120,522,228
Total Expenses per Audited Statements$120,522,228
Expenses Not Reported on Financial Statements$8,506,066
Other Expense Adjustments$8,506,066
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Randy Wallace, Officer, Is a Board Member for Cooperative Energy.Expense- the Organization Purchases Its Power From Cooperative EnergyNo$85,111,864
-B.f. Hudson, Director, Is a Board Member for Cooperative Energy.Expense- the Organization Purchases Its Power From Cooperative EnergyNo$85,111,864
-Randy Wallace, Officer, Is a Board Member for Cooperative Energy.Current Liability- the Organization Purchases Its Power From Cooperative EnergyNo$3,094,955
-B.f. Hudson, Director, Is a Board Member for Cooperative Energy.Current Liability- the Organization Purchases Its Power From Cooperative EnergyNo$3,094,955
-Randy Wallace, Officer, Is a Board Member for First Southern.Cash AccountNo$1,854,382
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liability-post Retirement Benefit-pension$33,354,829
Consumer Deposits$4,496,572
Current Portion-underfunded Post Ret$35,926
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Any natural person, firm association, corporation, business trust, partnership or body politic shall be eligible to become a member of, and, at one or more premises owned or directly occupied or used by him, to receive electric service from pearl river valley electric power.”

Form 990, Part VI, Section A, Line 7A

“Each member who is not in a status of suspension, as provided for in section 2.01 of the association's bylaws, shall be entitled to only one vote upon each matter submitted to a vote at any meeting of the members. At each annual meeting of the members, directors shall be elected by secret ballot by the members who are natural persons.”

Form 990, Part VI, Section B, Line 11B

“Line 11a explanation - the manager of accounting and financial services provides the independent auditors with information used in preparing the form 990. The completed form is then reviewed by the manager of accounting and financial services and by the general manager. The general manager then presents the form 990 to the board of directors for their review.”

Form 990, Part VI, Section B, Line 12C

“A questionnaire is sent annually to all employees requesting information regarding possible conflicts of interest. These questionnaires are reviewed by the general manager.”

Form 990, Part VI, Section B, Line 15

“The compensation of the general manager is determined by using comparability data and is approved by the board of directors. The compensation of other officers and key employees is determined using comparability data, is inititally approved and recommended by the general manager, and is then given final approval by the board of directors.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are made available to the public on request.”

Filing and Contact Details

Filer

Filer Name
Pearl River Valley
EIN
64-0219645
Phone
6017362666
Address
POST OFFICE BOX 1217, COLUMBIA, MS 39429-1217

Signing Officer

Name
Randy Wallace
Title
General Manager
Phone
6017362666
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randy Wallace
Formed
1938
Legal Domicile
Ms
Voting Board Members
10
Independent Board Members
0
Employees
137
Volunteers
0

Preparer

Firm
Tmh
Address
P O DRAWER 15099, HATTIESBURG, MS 39404-5099
Preparer
Susan a Riley CPA
Phone
6012643519
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Patronage capital difference 5,771,259. Defined benefit plan net gain (loss) -9,422,269. Change in memberships -985. Interest rate swap net gain/(loss) -213,837. Rounding 3.”

Part XII Line 2C

“Process has not changed from prior year”

Financial Statement Notes

PART X, LINE 2:

“Fasb asc 740 clarifies the accounting for uncertainty in tax positions and the recognition of such income tax positions taken or expected to be taken in the association's income tax returns. The association's income tax returns are subject to examination by the irs, generally for three years after they were filed. In evaluating their tax positions, the association believes their estimates are appropriate based on current facts and circumstances and that no uncertain positions were taken.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“ROUNDING 3.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Patronage capital 8,506,066.”

Schedule D, Part XII,line 4B

“Prvepa recognizes unbilled revenue for financial reporting. For tax return reporting of patronage capital credit allocations, as well as for reporting of revenues, unbilled revenue is disregarded. Financial reporting was adjusted for the change in unbilled revenue from 2018 to 2019 in the amount of $183,869. Patronage capital reflects the change in unbilled revenue. The amount reported on form 990, part ix, line 4 as benefits paid to or for members is not reported as an expense in the financial statements as generally accepted accounting principles (gaap) does not recognize patronage dividends paid as an expense in the amount of $8,506,066.”

Raw XML AppendixShowing 400 of 666 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/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1031800
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1134214
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1218351
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1328815
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1427760
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1527774
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1627740
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1718560
IRS990/Form990PartVIISectionAGrp/PersonNm0BYRUS HURT
IRS990/Form990PartVIISectionAGrp/PersonNm1WA KENDRICK
IRS990/Form990PartVIISectionAGrp/PersonNm2LAVELL BOND
IRS990/Form990PartVIISectionAGrp/PersonNm3BF HUDSON JR
IRS990/Form990PartVIISectionAGrp/PersonNm4HUGH GENE SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm5LAWRENCE W WARREN
IRS990/Form990PartVIISectionAGrp/PersonNm6DANNY WILKS
IRS990/Form990PartVIISectionAGrp/PersonNm7LESLIE PETERS
IRS990/Form990PartVIISectionAGrp/PersonNm8JACK BRADSHAW
IRS990/Form990PartVIISectionAGrp/PersonNm9MATT THOMAS
IRS990/Form990PartVIISectionAGrp/PersonNm10RANDY WALLACE
IRS990/Form990PartVIISectionAGrp/PersonNm11MATTHEW WARE
IRS990/Form990PartVIISectionAGrp/PersonNm12KURT BRAUTIGAM
IRS990/Form990PartVIISectionAGrp/PersonNm13ANTHONY HARRIS
IRS990/Form990PartVIISectionAGrp/PersonNm14KEITH ARMSTRONG
IRS990/Form990PartVIISectionAGrp/PersonNm15GEORGE CUTRER
IRS990/Form990PartVIISectionAGrp/PersonNm16WILLIAM MCCRARY
IRS990/Form990PartVIISectionAGrp/PersonNm17WILLIAM PITTMAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt019500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt124300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt225800
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt326100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt427100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt518000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt624300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt721300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt821900
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt925200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10346939
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11174440
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12136569
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13141201
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14125259
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15133008
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16127946
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17113769
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10GENERAL MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt11OPERATIONS MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER SERVICES MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt13DISTRICT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MATERIALS MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt15DISTRICT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt16DISTRICT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt17FORMER FINANCIAL MGR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01938
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt031167
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt039700
IRS990/GrossReceiptsAmt0128852955
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt023
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt04579525
IRS990/InventoriesForSaleOrUseGrp/BOYAmt03079773
IRS990/InventoriesForSaleOrUseGrp/EOYAmt03041208
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt080268
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt080268
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt024
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt093004689
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0170801326
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0176487076
IRS990/LandBldgEquipCostOrOtherBssAmt0269491765
IRS990/LegalDomicileStateCd0MS
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt08533
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt0128972368
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ASSOCIATION'S MISSION IS TO PROVIDE ELECTRIC POWER TO RESIDENTIAL AND COMMERICAL CONSUMERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt097691528
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0102470851
IRS990/NetAssetsOrFundBalancesBOYAmt0103653383
IRS990/NetAssetsOrFundBalancesEOYAmt099603682
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt031167
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt031167
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt0787603
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt055693624
IRS990/OtherAssetsTotalGrp/EOYAmt058011260
IRS990/OtherChangesInNetAssetsAmt0-3865829
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03364800
IRS990/OtherExpensesGrp/Desc0COST OF PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION- MAINTENAN
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE & GENERA
IRS990/OtherExpensesGrp/Desc3CONSUMER ACCOUNTS
IRS990/OtherExpensesGrp/TotalAmt085111864
IRS990/OtherExpensesGrp/TotalAmt16630630
IRS990/OtherExpensesGrp/TotalAmt21216856
IRS990/OtherExpensesGrp/TotalAmt3954609
IRS990/OtherLiabilitiesGrp/BOYAmt027575603
IRS990/OtherLiabilitiesGrp/EOYAmt037887327
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/BusinessCd1221000
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/Desc1METER SOCKET SALES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt09600
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt178
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09600
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt178
IRS990/OtherRevenueTotalAmt09678
IRS990/OtherSalariesAndWagesGrp/TotalAmt04593995
IRS990/OtherSourcesGrossIncomeAmt02155924
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0559243
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0608062
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0608062
IRS990/PensionPlanContributionsGrp/TotalAmt02975740
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0294083
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0306896
IRS990/PrincipalOfficerNm0RANDY WALLACE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC SALES MEMBER
IRS990/ProgramServiceRevenueGrp/Desc1PATRONAGE CREDITS
IRS990/ProgramServiceRevenueGrp/Desc2COMMON USE POLE RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0124373729
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13253816
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21095764
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0124373729
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13253816
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21095764
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt07903255
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt079306
IRS990/PYOtherExpensesAmt0107882906
IRS990/PYOtherRevenueAmt021896
IRS990/PYProgramServiceRevenueAmt0128398655
IRS990/PYRevenuesLessExpensesAmt0439159
IRS990/PYSalariesCompEmpBnftPaidAmt012274537
IRS990/PYTotalExpensesAmt0128060698
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0128499857
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-183872
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0102729446
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt098680730
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt08506066
IRS990ScheduleD/ExpensesSubtotalAmt0120522228
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0542619
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt157468641
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0INTEREST & DIVIDEND INCOME REC
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PATRONAGE CAPITAL
IRS990ScheduleD/OtherExpensesNotIncludedAmt08506066
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0176487076
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt093004689
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0269491765
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04496572
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt133354829
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt235926
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONSUMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITY-POST RETIREMENT BENEFIT-PENSION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CURRENT PORTION-UNDERFUNDED POST RET
IRS990ScheduleD/OtherRevenueAmt03
IRS990ScheduleD/RevenueNotReportedAmt03
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0128844422
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FASB ASC 740 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND THE RECOGNITION OF SUCH INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE ASSOCIATION'S INCOME TAX RETURNS. THE ASSOCIATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. IN EVALUATING THEIR TAX POSITIONS, THE ASSOCIATION BELIEVES THEIR ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES AND THAT NO UNCERTAIN POSITIONS WERE TAKEN.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ROUNDING 3.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2PATRONAGE CAPITAL 8,506,066.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3PRVEPA RECOGNIZES UNBILLED REVENUE FOR FINANCIAL REPORTING. FOR TAX RETURN REPORTING OF PATRONAGE CAPITAL CREDIT ALLOCATIONS, AS WELL AS FOR REPORTING OF REVENUES, UNBILLED REVENUE IS DISREGARDED. FINANCIAL REPORTING WAS ADJUSTED FOR THE CHANGE IN UNBILLED REVENUE FROM 2018 TO 2019 IN THE AMOUNT OF $183,869. PATRONAGE CAPITAL REFLECTS THE CHANGE IN UNBILLED REVENUE. THE AMOUNT REPORTED ON FORM 990, PART IX, LINE 4 AS BENEFITS PAID TO OR FOR MEMBERS IS NOT REPORTED AS AN EXPENSE IN THE FINANCIAL STATEMENTS AS GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) DOES NOT RECOGNIZE PATRONAGE DIVIDENDS PAID AS AN EXPENSE IN THE AMOUNT OF $8,506,066.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$252,253,554
Liabilities
$152,649,872
Net assets
$99,603,682
Revenue
$128,844,422
Expenses
$129,028,294
Net income
-$183,872
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$421$264$157$161$160$1.22
2023Summary only. Only limited summary data is available for this year.$388$249$139$150$150$0.35
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$322$189$134$140$139$0.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$282$172$111$130$131$1.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$261$165$96.2$127$127$0.67
2019Detailed filing. Detailed filing data is available for this year.$252$153$99.6$129$129$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$245$142$104$128$128$0.44
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$236$142$94.1$122$123$0.50
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$234$142$91.7$122$123$0.71
2015Detailed filing. Detailed filing data is available for this year.$225$140$85.5$131$130$0.23
2014Detailed filing. Detailed filing data is available for this year.$218$138$80.0$127$128$0.53
2013Detailed filing. Detailed filing data is available for this year.$215$130$84.8$122$121$1.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$206$136$69.9$122
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$201$138$63.2$113
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$191$121$69.8$117