ALCORN COUNTY ELECTRIC POWER ASSOCIATION: Form 990, tax year 2022
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- Organization
- ALCORN COUNTY ELECTRIC POWER ASSOCIATION (EIN 64-0111850)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-01-12
- IRS object ID
- 202430169349304043
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-01-12T17:58:37-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 631208839 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SPARKS CPA FIRM PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 540 | AddressLine1Txt |
| City | BOONEVILLE | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 388290540 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 640111850 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALCORN COUNTY ELECTRIC POWER ASSOCI | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ALCO | BusinessNameControlTxt |
| Phone | 6622874402 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 1590 | AddressLine1Txt |
| City | CORINTH | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 38835 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES ANDREW GALLOWAY | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 6622874402 | PhoneNum |
| Signature | 2023-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JAMES ANDREW | PersonFirstNm |
| Person Last | GALLOWAY | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TERRY E CARTWRIGHT CPA | PreparerPersonNm |
| PTIN | P00238020 | PTIN |
| Phone | 6627286172 | PhoneNum |
| Preparation | 2024-01-09 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JAMES ANDREW GALLOWAY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1909 SOUTH TATE STREET | AddressLine1Txt |
| City | CORINTH | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 38834 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $68,587,592 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.ACE-POWER.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1934 | FormationYr |
| Legal Domicile State | MS | LegalDomicileStateCd |
| Activity Or Mission | PROVIDE ELECTRICITY TO MEMBERS IN THE ALCORN COUNTY, MS AREA. | ActivityOrMissionDesc |
| Voting Members Governing Body | 5 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 5 | VotingMembersIndependentCnt |
| Total Employee | 93 | TotalEmployeeCnt |
| Total Gross UBI | $1,408,630 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $430,047 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $468,244 | CYProgramServiceRevenueAmt |
| PY Investment Income | $130,001 | PYInvestmentIncomeAmt |
| CY Investment Income | $297,585 | CYInvestmentIncomeAmt |
| PY Other Revenue | $19,420,044 | PYOtherRevenueAmt |
| CY Other Revenue | $20,540,807 | CYOtherRevenueAmt |
| PY Total Revenue | $19,980,092 | PYTotalRevenueAmt |
| CY Total Revenue | $21,306,636 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $5,386,877 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $4,950,418 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $11,212,861 | PYOtherExpensesAmt |
| CY Other Expenses | $13,485,532 | CYOtherExpensesAmt |
| PY Total Expenses | $16,599,738 | PYTotalExpensesAmt |
| CY Total Expenses | $18,435,950 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,380,354 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,870,686 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $110,457,816 | TotalAssetsBOYAmt |
| Total Assets EOY | $110,907,490 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $40,981,892 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $38,553,660 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $69,475,924 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $72,353,830 | NetAssetsOrFundBalancesEOYAmt |
| Mission | PROVIDE ELECTRICITY TO MEMBERS IN THE ALCORN COUNTY, MS AREA. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | PROVIDED ELECTRICITY TO APPROXIMATELY 19,000 CUSTOMERS/MEMBERS | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 93 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $62,455,618 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $6,131,974 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 5 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 5 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALCORN COUNTY ELECTRIC POWER ASSOCI | BusinessNameLine1Txt |
| Business Name Line2 | ALCORN COUNTY ELECTRIC POWER ASSOCI | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6622874402 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1909 SOUTH TATE STREET | AddressLine1Txt |
| Address Line2 | 1909 SOUTH TATE STREET | AddressLine2Txt |
| City | CORINTH | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 38834 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| BOBBY ROBERTS | |||||||
| PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $5,385 | |
| MARK GARDNER | |||||||
| SECRETARY | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| J B DARNELL | |||||||
| VICE PRESIDE | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| BEN FERRELL | |||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ERIC POWELL | |||||||
| BOARD MEMBER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| SEAN MCGRATH | |||||||
| CEO | 40.00 | Yes (X) | $196,984 | $0 | $59,926 | ||
| JASON GRISHAM | |||||||
| COO | 40.00 | Yes (X) | $201,822 | $0 | $60,664 | ||
| PAUL MCNAIR | |||||||
| ASST. OPER M | 40.00 | $298,810 | $0 | $50,767 | Yes (X) | ||
| WALLY EATON | |||||||
| LINE FOREMAN | 40.00 | $162,424 | $0 | $46,415 | Yes (X) | ||
| TRINT BAGGETT | |||||||
| SYSTEM ENGIN | 40.00 | $155,875 | $0 | $49,963 | Yes (X) | ||
| SCOTTY MILLS | |||||||
| RIGHT OF WAY | 40.00 | $144,380 | $0 | $41,676 | Yes (X) | ||
| DON ARNOLD | |||||||
| LINE FOREMAN | 40.00 | $137,021 | $0 | $38,353 | Yes (X) | ||
| JAMES ANDREW GALLOWAY | |||||||
| CFO | 40.00 | Yes (X) | $110,833 | $0 | $12,465 | ||
| EDDIE HOWARD | |||||||
| CEO | 40.00 | Yes (X) | $230,064 | $0 | $582,117 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,638,213 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $947,731 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 9 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Business Name Line2ContractorName/BusinessName/BusinessNameLine2Txt | Address Line1ContractorAddress/USAddress/AddressLine1Txt | Address Line2ContractorAddress/USAddress/AddressLine2Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|---|---|
| SDT SOLUTIONS LLC | |||||||
| SDT SOLUTIONS LLC | PO BOX 554 | P0 BOX 554 | BROOKHAVEN | MS | 39602 | INFRASTRUCTURE | $1,183,846 |
| ASPLUNDH TREE EXPERTS | |||||||
| ASPLUNDH TREE EXPERTS | PO BOX 532729 | PO BOX 532729 | ATLANTA | GA | 30353 | TREE TRIMMING | $557,757 |
| FIBERRISE COMMUNICATIONS LLC | |||||||
| FIBERRISE COMMUNICATIONS LLC | 12060 COUNTY LINE RD | SUITE J-239 | MADISON | AL | 35756 | ENG. CONSULTING | $301,597 |
| CENTRAL SERVICE ASSOCIATION | |||||||
| CENTRAL SERVICE ASSOCIATION | PO BOX 3480 | PO BOX 3480 | TUPELO | MS | 38803 | SOFTWARE & MAIN | $171,210 |
| TREE PROFESSIONAL INC | |||||||
| TREE PROFESSIONAL INC | 35300 COUNTY ROAD 8 | 35300 COUNTY ROAD 8 | FLORENCE | AL | 35634 | TREE REMOVAL | $169,869 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| FORFEITED DISCOUNTS | 221000 | $290,153 | $290,153 |
| SERVICE REVENUE | 221000 | $178,091 | $178,091 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $468,244 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $297,585 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $211,954 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $85,631 | UnrelatedBusinessRevenueAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $51,624 | RealAmt |
| Personal | $3,569,961 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $51,624 | RealAmt |
| Personal | $3,569,961 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,621,585 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,298,586 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,322,999 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $62,455,618 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $47,280,956 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,174,662 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $15,174,662 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| GAIN ON OPEB LIAB VALUATION | 221000 | $1,354,197 | $1,354,197 |
| EQUITY EARNINGS OF FIBER | 221000 | $385,758 | $385,758 |
| MISCELLANEOUS INCOME | 221000 | $4,605 | $4,605 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,744,560 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,306,636 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $19,898,006 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,408,630 | UnrelatedBusinessRevenueAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,172,547 | TotalAmt |
| Program Services | $3,172,547 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,777,871 | TotalAmt |
| Program Services | $1,777,871 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,735 | TotalAmt |
| Program Services | $11,735 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,325 | TotalAmt |
| Program Services | $20,325 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,029 | TotalAmt |
| Program Services | $90,029 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,448,217 | TotalAmt |
| Program Services | $1,448,217 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $696,267 | TotalAmt |
| Program Services | $696,267 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,416,097 | TotalAmt |
| Program Services | $5,416,097 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $507,916 | TotalAmt |
| Program Services | $507,916 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| DISTRIBUTION EXPENSE | $4,006,320 | $4,006,320 |
| TAXES | $477,820 | $477,820 |
| GENERAL MAINTENANCE | $377,145 | $377,145 |
| CUSTOMER ACCOUNT EXPENSE | $300,079 | $300,079 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $133,582 | TotalAmt |
| Program Services | $133,582 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,435,950 | TotalAmt |
| Program Services | $18,435,950 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,664,737 | BOYAmt |
| EOY | $4,408,883 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,963,212 | BOYAmt |
| EOY | $2,920,170 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,151,004 | BOYAmt |
| EOY | $6,310,888 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,347,590 | BOYAmt |
| EOY | $3,834,603 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,264,196 | BOYAmt |
| EOY | $2,537,518 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,747,515 | BOYAmt |
| EOY | $4,998,542 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $135,804,256 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $51,096,204 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,203,900 | BOYAmt |
| EOY | $84,708,052 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,196 | BOYAmt |
| EOY | $89,021 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,040,466 | BOYAmt |
| EOY | $1,099,813 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $110,457,816 | BOYAmt |
| EOY | $110,907,490 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,901,322 | BOYAmt |
| EOY | $6,987,684 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,963,201 | BOYAmt |
| EOY | $22,511,169 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,117,369 | BOYAmt |
| EOY | $9,054,807 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,981,892 | BOYAmt |
| EOY | $38,553,660 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $594,332 | BOYAmt |
| EOY | $601,542 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,881,592 | BOYAmt |
| EOY | $71,752,288 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,475,924 | BOYAmt |
| EOY | $72,353,830 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $110,457,816 | BOYAmt |
| EOY | $110,907,490 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,870,686 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $7,220 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $944,374 | OtherCostOrOtherBasisAmt |
| Book Value | $944,374 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,229,500 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,798,275 | DepreciationAmt |
| Book Value | $5,431,225 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $126,630,382 | OtherCostOrOtherBasisAmt |
| Depreciation | $48,297,929 | DepreciationAmt |
| Book Value | $78,332,453 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $84,708,052 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| POST RETIREMENT BENEFIT OBLIG | $4,730,576 |
| CUSTOMER DEPOSITS | $2,225,345 |
| CUSTOMER CONSERVATION LOANS | $2,098,744 |
| MISC | $142 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $9,054,807 | TotalLiabilityAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt |
|---|---|---|---|---|---|
| SEAN MCGRATH | |||||
| CEO | $173,401 | $23,583 | $59,926 | $256,910 | |
| JASON GRISHAM | |||||
| COO | $177,576 | $24,246 | $60,664 | $262,486 | |
| PAUL MCNAIR | |||||
| ASST. OPER MANAGER | $147,946 | $21,389 | $50,767 | $349,577 | $129,475 |
| WALLY EATON | |||||
| LINE FOREMAN | $143,097 | $19,327 | $46,415 | $208,839 | |
| TRINT BAGGETT | |||||
| SYSTEM ENGINEER | $137,244 | $18,631 | $49,963 | $205,838 | |
| SCOTTY MILLS | |||||
| RIGHT OF WAY FOREMAN | $126,973 | $17,407 | $41,676 | $186,056 | |
| DON ARNOLD | |||||
| LINE FOREMAN | $120,556 | $16,465 | $38,353 | $175,374 | |
| EDDIE HOWARD | |||||
| CEO | $202,423 | $27,641 | $582,117 | $812,181 | |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PART III | FormAndLineReferenceDesc |
| Explanation | EDDIE HOWARD, CEO, SEAN MCGRATH, CEO, AND JASON GRISHAM, COO, HAVE A SALARY CONTINUATION NONQUALIFIED PLAN AGREEMENT BACKED BY LIFE INSURANCE POLICIES. IT IS PAYABLE UPON RETIREMENT IN MONTHLY INSTALLMENTS. EDDIE HOWARD RETIRED IN MARCH 2023. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | MEMBERS |
| FORM 990, PAGE 6, PART VI, LINE 7A | BOARD MEMBERS ARE ELECTED FOR A 3 YEAR TERM FROM THE MEMBERSHIP BY THE MEMBERSHIP. |
| FORM 990, PAGE 6, PART VI, LINE 11B | GOVERNING BOARD REVIEWS AND APPROVES AT REGULAR MEETING BEFORE FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | OPEN DISCUSSION IN REGULAR BOARD MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 15A | GOVERNING BOARD, WHICH IS INDEPENDENT, REVIEWS AND DISCUSSES ON ANNUAL BASIS. |
| FORM 990, PAGE 6, PART VI, LINE 15B | GOVERNING BOARD, WHICH IS INDEPENDENT, REVIEWS AND DISCUSSES ON ANNUAL BASIS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS ARE AVAILABLE ON THE ASSOCIATION'S WEBSITE. |
| FORM 990, PART XI, LINE 9 | MEMBERSHIPS 7,220 |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FIRST LIGHT FIBER LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1909 S TATE ST | AddressLine1Txt |
| City | CORINTH | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 38834 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 843454888 | EIN |
| Primary Activities | BROADBAND | PrimaryActivitiesTxt |
| Legal Domicile State | MS | LegalDomicileStateCd |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (true) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (true) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (true) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (true) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (5 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| FIRST LIGHT FIBER LLC | ||
| A | $1,349,882 | FAIR VALUE |
| FIRST LIGHT FIBER LLC | ||
| D | $1,790,106 | OUTSTANDING BALANCE |
| FIRST LIGHT FIBER LLC | ||
| J | $51,624 | JOINT COST CALCULATION |
| FIRST LIGHT FIBER LLC | ||
| O | $1,515,003 | ACTUAL PAYROLL COST |
| FIRST LIGHT FIBER LLC | ||
| Q | $940,393 | ACTUAL COST |