2024-05-14T12:22:08-04:00 2023-06-30 853667394 CORBIN & BIGGS PLLC 385-B HIGHLAND COLONY PARKWAY SUIT RIDGELAND MS 39157 990 2022-07-01 640150802 EAST MISSISSIPPI ELECTRIC POWER ASSOCIATION EAST 6015818600 2211 A STREET MERIDIAN MS 39301 RANDY CARROLL CHIEF EXECUTIVE OFF 6015818600 2024-05-06 true RANDY CARROLL XXX-XX-XXXX false GEORGE M BIGGS JR P00912499 6019572001 2024-05-14 2022 2023-04-26 12:10:37Z RANDY CARROLL 2211 A STREET MERDIAN MS 39301 95947513 false X WWW.EMEPA.COM X 1938 MS OUR MISSION IS TO DELIVER SERVICES THAT EMPOWER LIVES AND OUR VISION IS BUILDING PATHWAYS FOR COMMUNITY SUCCESS. 10 10 153 5118712 0 79527011 89697668 960741 3271740 1946305 2978105 82434057 95947513 0 4098141 4263813 11437031 12857287 0 0 66898885 78826413 82434057 95947513 0 245986766 300410105 151707569 202571734 94279197 97838371 OUR MISSION IS TO DELIVER SERVICES THAT EMPOWER LIVES AND OUR VISION IS BUILDING PATHWAYS FOR COMMUNITY SUCCESS. false false THE ASSOCIATION DELIVERED ELECTRIC SERVICE TO OVER 37000 MEMBERS. PROVISION OF BROADBAND SERVICES TO MEMBERSHIP THROUGH A WHOLLY OWNED SUBSIDIARY. false false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 57 0 153 true true true false false false false 84667461 6451331 false false false X 10 10 false false false false true true false true true false false true true true true false false true true false X KEVIN HEDGPETH 6015818600 2211 A STREET MERIDIAN MS 39301 RANDY CARROLL CHIEF EXECUT 30.00 20.00 X 285107 0 82288 KEVIN HEDGPETH DIRECTOR OF 29.00 20.00 X 194000 0 64481 PAT WILLIAMS DIR OF ENGIN 36.00 10.00 X 202066 0 53385 BRENT MABRY DIR. OF SYST 29.00 20.00 X 188795 0 61764 BRYCE NESTER DIR OF ENERG 40.00 X 173348 0 59923 SHERRY WALLACE DIRECTOR OF 41.00 X 151476 0 56073 GARY HUTCHERSON DIR. OF INFO 40.00 X 151551 0 53810 JULIE BOLES DIR. 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SERVICES 900099 1941043 1941043 PATRONAGE CAPITAL 522690 522690 NAVY PRIVATIZATION CONTRACT 445355 445355 69017 52312 16705 2978105 95947513 86863040 5118712 3965761 4263813 871715 6753366 2085475 2373155 773576 55005 35477 6242 434954 5941848 9210013 COST OF POWER 53798331 DISTRIBUTIONS - MAINTENAN 3684820 DISTRIBUTION - OPERATIONS 2294572 ADMINISTRATIVE & GENERAL 1202723 2162428 95947513 0 0 0 18333736 8652797 6351061 8312338 8573423 11338668 11515401 12143017 331571 442620 365194325 118622516 189379335 246571809 1641492 1934054 4459644 4765124 5401103 6249678 245986766 300410105 11463713 10940369 120683174 174440845 19560682 17190520 151707569 202571734 X 94279197 97838371 94279197 97838371 245986766 300410105 X 0 3559174 X false true X true false 365194325 118622516 246571809 246571809 DEFERRED CREDITS 6955470 POST RETIREMENT BENEFIT LIABILITY 6497661 DEFERRED COMPENSATION LIABILITY 1934054 CUSTOMER DEPOSITS 1803335 17190520 X SCHEDULE D, PAGE 3, PART X EMEPA IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501 (C)12. EMC HAS ELECTED TO BE TAXED AS A CORPORATION. INCOME TAX PROVISIONS ARE BASED ON THE ASSET AND LIABILITY METHOD. DEFERRED INCOME TAXES HAVE BEEN PROVIDED FOR TEMPORARY DIFFERENCES BETWEEN THE TAX BASIS OF ASSETS AND LIABILITIES AND THEIR REPORTED AMOUNTS IN THE CONSOLIDATED FINANCIAL STATEMENTS. SUCH DIFFERENCES CONSIST OF NET OPERATING LOSSES CARRYFORWARDS AND ACCELERATED DEPRECIATION FOR TAX PURPOSES. ACCOUNTING RULES PRESCRIBE WHEN TO RECOGNIZE AND HOW TO MEASURE THE CONSOLIDATED FINANCIAL STATEMENT EFFECT, IF ANY, OF INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON INCOME TAX RETURNS INCLUDING THE POSITION THAT EMEPA WILL CONTINUE TO QUALIFY AS A TAX EXEMPT ORGANIZATION.MANAGEMENT EVALUATES THE LIKELIHOOD THAT, UPON EXAMINATION BY RELEVANT TAXING JURISDICTIONS, THOSE INCOME TAX POSITIONS WOULD BE SUSTAINED. BASED ON THAT EVALUATION, IF IT WERE MORE THAN 50% PROBABLE THAT A MATERIAL AMOUNT OF INCOME TAX WOULD BE IMPOSED ON THE ASSOCIATION UPON EXAMINATION BY THE RELEVANT TAXING AUTHORITIES, A LIABILITY WOULD BE RECOGNIZED IN THE CONSOLIDATED BALANCE SHEET ALONG WITH ANY INTEREST AND PENALTIES RESULTING FROM THAT ASSESSMENT.SHOULD ANY PENALTIES AND INTEREST BE INCURRED, THE ASSOCIATION'S POLICY WOULD BE TO RECOGNIZE THEM AS OPERATING EXPENSES.BASED ON MANAGEMENT'S EVALUATION, NO LIABILITIES OR PENALTIES AND INTEREST WERE REQUIRED TO BE RECORDED FOR UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30,2023 AND 2022. YEARS THAT EMEPA RETURNS REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND MISSISSIPPI DEPARTMENT OF REVENUE INCLUDE THE YEARS ENDED JUNE 30, 2023, 2022, 2021, AND 2020. AND FOR EMC, THE YEARS ENDED JUNE 30,2023, 2022, AND 2021. X X X false false false RANDY CARROLL CHIEF EXECUTIVE OFF 248819 36288 60004 22284 367395 KEVIN HEDGPETH DIRECTOR OF ACCT/FIN 184477 9523 42197 22284 258481 PAT WILLIAMS DIR OF ENGINEERING 194048 8018 42197 11188 255451 BRENT MABRY DIR. OF SYSTEM SER. 179980 8815 39480 22284 250559 BRYCE NESTER DIR OF ENERGY SRVS 169296 4052 37639 22284 233271 SHERRY WALLACE DIRECTOR OF HR 147487 3989 33789 22284 207549 GARY HUTCHERSON DIR. OF INFORM. SRVS 145438 6113 31526 22284 205361 JULIE BOLES DIR. OF MRKT/COMM. 132415 4005 30780 22284 189484 SCHEDULE J, PART III COMPENSATION IS REVIEWED BY AN EXTERNAL ORGANIZATION AND COMPARED TO OTHER SIMILAR ORGANIZATIONS WITHIN THE ELECTRIC COOPERATIVE INDUSTRY. FORM 990 PART IX, LINE 4 , BENFITS PAID TO OR FOR MEMBERS THE AMOUNT ON LINE 4 OF PART IX, BENEFITS PAID TO OR FOR MEMBERS REPRESENTS PATRONAGE CAPITAL ALLOCATED TO MEMBERS FOR THE YEAR ENDED JUNE 30, 2023. TOTAL NET RETIREMENT OF PATRONAGE CAPITAL TO MEMBERS FOR THE YEAR ENDED JUNE 30, 2023 WAS 1,492,232. FORM 990, PAGE 6, PART VI, LINE 6 EMEPA IS A NOT-FOR-PROFIT MEMBER OWNED ORGANIZATION. BEFORE RECEIVING ELECTRIC SERVICE, EACH PERSON/BUSINESS MUST APPLY FOR SERVICE. SERVICE IS OPEN TO ALL PERSONS/BUSINESSES LOCATED WITHIN EMEPA'S CERTIFIED SERVICE TERRITORY. FORM 990, PAGE 6, PART VI, LINE 7A EMEPA HOLDS AN ANNUAL MEETING THE FIRST SATURDAY IN OCTOBER EACH YEAR. A NOMINATING COMMITTEE , COMPOSED OF MEMBERS, NOMINATES CANDIDATES ANNUALLY FOR ELECTION TO A THREE YEAR TERM. THOSE NOT ATTENDING IN PERSON MAY VOTE BY PROXY. FORM 990, PAGE 6, PART VI, LINE 11B THE DATA PROVIDED IN THE IRS FORM 990 IS REVIEWED BY THE CEO AND DIRECTOR OF ACCOUNTING AND FINANCE. AFTER REVIEW, THE 990 IS PRESENTED TO THE BOARD OF DIRECTORS AT A MONTHLY BOARD MEETING AND FILED WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C EMEPA PROVIDES A CONFLICT OF INTEREST CERTIFICATE AND DISCLOSURE FORM TO THE OFFICERS, DIRECTORS AND MANAGEMENT WHO MUST SIGN THAT THEY HAVE READ IT AND THAT THEY DO NOT HAVE ANY CONFLICTS. EACH PERSON MUST AGREE TO NOTIFY THE ASSOCIATION OF ANY CONFLICT AS SOON AS IT IS DISCOVERED. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION IS REVIEWED BY AN EXTERNAL ORGANIZATION AND COMPARED TO OTHER SIMILAR ORGANIZATIONS WITHIN THE ELECTRIC COOPERATIVE INDUSTRY. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION IS REVIEWED BY AN EXTERNAL ORGANIZATION AND COMPARED TO OTHER SIMILAR ORGANIZATIONS WITHIN THE ELECTRIC COOPERATIVE INDUSTRY. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST IN OUR OFFICE. FINANCIAL STATEMENTS ARE ALSO AVAILABLE BY REQUEST AND ARE PRINTED ANNUALLY IN THE ANNUAL REPORT OF THE ASSOCIATION AND ARE GIVEN TO EACH MEMBER ATTENDING THE ANNUAL MEETING. FORM 990, PART XI, LINE 9 ALLOCATION OF CAPITAL CREDITS 4,263,813 ACTUARIAL GAIN 668,167 AMORTIZATION OF PRIOR SERVICE 125,556 DECREASE IN MEMBERSHIPS -6,130 RETIREMENT OF PATRONAGE -1,492,232 TOTAL 3,559,174 EAST MISSISSIPPI CONNECT LLC 2211 A STREET MERIDIAN MS 39301 851726331 BROADBAND MS N/A C CORP 10248886 13416360 1.00000 true true false false true false false false false false true false false false true true false true false false EAST MISSISSIPPI CONNECT LLC A 3160964 FMV EAST MISSISSIPPI CONNECT LLC O 342896 FMV EAST MISSISSIPPI CONNECT LLC Q 1598147 FMV EAST MISSISSIPPI CONNECT LLC J 2398454 FMV EASR MISSISSIPPI CONNECT LLC D 11338668 FMV