2024-08-08T16:15:10-05:00 2023-12-31 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2023-01-01 640239641 Singing River Electric Cooperative SING 6019474211 11187 Old 63 South PO Box 767 Lucedale MS 39452 Brian Hughey General Manager & CEO 6019474211 2024-08-06 1 1 Patrick Cooper P00856177 3348347660 2024-08-06 2023 2024-08-08 14:25:15Z Brian Hughey 11187 Old 63 South PO Box 767 Lucedale MS 39452 186362246 0 X www.singingriver.com X 1938 MS To provide safe and reliable electric service at the lowest possible cost while promoting energy efficiency and enhancing the lives of the members and communities we serve. 10 10 218 0 1876283 0 0 0 172762170 183280839 394430 1041197 1812499 1746333 174969099 186068369 15198 16730 5489120 13778076 1261280 1252737 0 0 0 170263175 174498496 177028773 189546039 -2059674 -3477670 450362452 537266697 227153513 304883732 223208939 232382965 To provide safe and reliable electric service at the lowest possible cost while promoting energy efficiency and enhancing the lives of the members and communities we serve. 0 0 Singing River Electric Cooperative is an electric distribution cooperative that provided 79,927 services to its members in southeast Mississippi and southwest Alabama in 2023. Singing River Electric maintained distribution lines in Jackson, George, Greene, Harrison, Perry, Stone and Wayne counties in Mississippi as well as Mobile and Washington counties in Alabama. Utilizing its 7,780 miles of electric distribution lines, Singing River Electric sold 1,440,175,659 kilowatt hours of electric energy to its members. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 131 0 1 218 1 1 1 0 0 0 0 179116511 8564408 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 0 X Tammy Hultz 6019474211 11187 Old 63 South Lucedale MS 39452 Ronald Wilson Director 3.00 X 28360 0 0 Mark LaSalle Director 3.00 X 25710 0 0 Robert Steele Director 4.00 X 29406 0 0 Edward Thornton Director/Secretary 3.00 X 27710 0 0 Stanley Busby Director 4.00 X 28760 0 0 Roy Grafe Director 3.00 X 25360 0 0 Howard Davis Director 4.00 X 25710 0 0 Cary Williams Director/Treasurer 2.00 X 34956 0 0 Travis Baxter Director/Vice President 3.00 X 31429 0 0 Kristal Sisson Director/Board President 3.00 X 39362 0 0 Brian K Hughey General Manager & CEO 50.00 X 376483 0 233228 Tammy Y Hultz CFO 45.00 X 210730 0 135533 Robert J Smith Manager of IT 43.00 X 141536 0 123901 Gary B Allgood Serviceman 56.00 X 138730 0 27113 William T Davis Director of Engineering 42.00 X 165531 0 71102 Rodney W Gibson Serviceman 61.00 X 150671 0 33307 Lorri M Freeman Manager of Public Relation 47.00 X 142915 0 68261 1623359 0 692445 87 0 1 0 Dycom Industries 11780 US Hwy 1 Suite 600 Palm Beach Gardens FL 33408 Construction Services 9663589 MDR Construction 621 East Baylis Chapel Rd Columbia MS 39429 Construction Services 7013956 Conexon LLC 2001 Grand Blvd Suite 700 Kansas City MO 64108 Fiber Consulting/Design 6064872 ITG Communications LLC 152 Molly Walton Dr Hendersonville TN 37075 Construction Services 5229356 Vonalas Inc 1906 Saphire Pines Ln Richmond TX 77469 Construction Services 3745517 17 Sales of Electricity 221000 177927708 177927708 Patronage Capital 221000 5353131 5353131 183280839 1309966 1309966 1876283 3347100 0 0 1876283 3347100 5223383 1876283 3347100 23991 292760 -268769 -268769 -268769 1738 1117 621 621 Loss from Subsidiary 221000 -3477671 -3477671 -3477671 186068369 179803789 1876283 4388297 16730 13778076 1252737 6912507 12843637 Cost of Power 121872007 Provision for Deferred -69514 Dist Exp-Maintenance 13144025 Admin & Gen Expenses 8350571 11445263 189546039 X 13208344 22808226 4556000 31719493 37488458 60340 2344904 12696570 14891679 310999 49871 494908107 113933780 317878468 380974327 74138641 73727159 349597 426073 450362452 537266697 22712370 28182644 182946655 257361577 21494488 19339511 227153513 304883732 X 312665 316935 0 0 222896274 232066030 223208939 232382965 450362452 537266697 X -3477670 12651696 X X 0 1 X 1 0 2904069 2904069 492004038 113933780 378070258 380974327 Patronage Capital - Cooperative Energy 70455154 C Capital Term Certificates 1940540 C Other Investments in Associated Organizations 1331465 C 73727159 Accumulated post-retirement benefit obligation 11389716 Deferred compensation 164074 Current portion of FAS 106 maturities 984039 Customer deposits 5962189 Deferred energy credits 839493 19339511 X Part X, Line 2: Management has evaluated the Cooperative's tax positions and concluded that the Cooperative has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. X X X 0 0 0 Brian K Hughey General Manager & CEO 367872 0 0 0 8611 0 207926 0 25302 0 609711 0 0 0 Tammy Y Hultz CFO 207557 0 0 0 3173 0 111807 0 23726 0 346263 0 0 0 Robert J Smith Manager of IT 140085 0 0 0 1451 0 101808 0 22093 0 265437 0 0 0 William T Davis Director of Engineering 161311 0 0 0 4220 0 47532 0 23570 0 236633 0 0 0 Lorri M Freeman Manager of Public Relation 140475 0 0 0 2440 0 45487 0 22774 0 211176 0 0 0 Rodney W Gibson Serviceman 150340 0 0 0 331 0 11701 0 21606 0 183978 0 0 0 Gary B Allgood Serviceman 137906 0 0 0 824 0 19402 0 7711 0 165843 0 0 0 Form 990, Part VI, Section A, line 6 The Cooperative is a not-for-profit membership organization whose members have identical voting rights and are assigned margins in accordance with the organization's bylaws. Form 990, Part VI, Section A, line 7a The members of the Cooperative may elect one or more members of the governing body at the annual meeting. Form 990, Part VI, Section A, line 7b The business and affairs of the organization are managed by the Board of Directors which exercises all of the powers of the organization except such as are by law, or by the Certificate of Incorporation of the organization, or by the bylaws conferred upon or reserved to the members. The organization's bylaws include certain provisions in which a majority of the membership would need to approve such transactions. An example would be decisions to sell, lease, or otherwise dispose of more than ten percent of the organization's property. Form 990, Part VI, Section B, line 11b The Chief Financial Officer and the General Manager, & CEO review a completed copy of the Form 990. The Form 990 is then presented to and reviewed with the board of directors at a board meeting prior to filing the form with the Internal Revenue Service. The presentation of the form to the directors is reflected in the board minutes. The General Manager & CEO then signs the e-file authorization form allowing the Form 990 to be electronically filed with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c The Cooperative has a board policy named the "Board of Directors and Officers Code of Ethics." The policy includes a certification of compliance, and each board member and officer signs the certificate annually to state they have read and fully understood the "Board of Directors and Officers Code of Ethics and recognize that he/she is subject to the code. Form 990, Part VI, Section B, line 15 The Cooperative has a board policy that is named the "General Manager and CEO Evaluation and Compensation." A committee from the Board of Directors completes an evaluation regarding the General Manager & CEO's performance. The compensation is compared to national, state, and regional compensation for other general managers of similar size to the Cooperative. The General Manager & CEO uses comparable compensation data when reviewing and evaluating the compensation of the other employees. Form 990, Part VI, Section C, line 19 The Cooperative allows the public to inspect a copy of the bylaws, financial statements, and conflict of interest policy at the main office. Information such as membership guide, rate schedules, and bylaws can also be found on www.singingriver.com. Form 990, Part IX, Line 4 The instructions to the Form 990 indicate that organizations exempt under Section 501(c)(12) should report "patronage dividends paid" to their members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members. Form 990, Part XI, line 9: Change in Memberships 4,270. Actuarial Gain/Loss 1,581,365. Retirement of Capital Credits -4,967,315. Capital Credits Unclaimed 2,255,300. Net Margins Assigned/Assignable to Members 13,778,076. Form 990, Part XII, Line 2c The filing organization did not change its processes of oversight and selection for the year ended December 31, 2023. Singing River Connect LLC 11187 Old 63 S Lucedale MS 39452 862467524 Broadband MS Singing River Electric Cooperative C 3653401 12362898 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Singing River Connect LLC A 2472600 Cash