POWERSOUTH ENERGY COOPERATIVE: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- POWERSOUTH ENERGY COOPERATIVE (EIN 63-0238274)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-04
- IRS object ID
- 202433099349302958
- Schema version
- 2023v5.1
- 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 | 2024-11-04T15:29:33+00:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 440160260 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Forvis Mazars LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 3667 | AddressLine1Txt |
| City | Little Rock | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 722033667 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 630238274 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PowerSouth Energy Cooperative | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | POWE | BusinessNameControlTxt |
| Phone | 3344273000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 550 | AddressLine1Txt |
| City | ANDALUSIA | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 36420 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ELIZABETH C WOODARD | PersonNm |
| Person Title | CFO/EVP | PersonTitleTxt |
| Phone | 3344273000 | PhoneNum |
| Signature | 2024-11-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Amber Sherrill | PreparerPersonNm |
| PTIN | P00748683 | PTIN |
| Phone | 5013721040 | PhoneNum |
| Preparation | 2024-11-04 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
Principal Ofcr Business Name PrincipalOfcrBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELIZABETH C WOODARD | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 550 | AddressLine1Txt |
| City | ANDALUSIA | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 36420 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $718,137,838 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.POWERSOUTH.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1941 | FormationYr |
| Legal Domicile State | AL | LegalDomicileStateCd |
| Activity Or Mission | COOPERATIVE UTILITY SYSTEM - PRODUCING & DISTRIBUTING WHOLESALE ELECTRIC POWER TO AND FOR COOPERATIVE MEMBERS UNDER THE PROVISIONS OF THE RURAL ELECTRIFICATION ACT OF 1936. | ActivityOrMissionDesc |
| Voting Members Governing Body | 40 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 40 | VotingMembersIndependentCnt |
| Total Employee | 599 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $97,778 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $91,740 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $846,511,214 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $709,740,490 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,203,914 | PYInvestmentIncomeAmt |
| CY Investment Income | $7,590,224 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,837,340 | PYOtherRevenueAmt |
| CY Other Revenue | $746,121 | CYOtherRevenueAmt |
| PY Total Revenue | $852,552,468 | PYTotalRevenueAmt |
| CY Total Revenue | $718,076,835 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $82,621,904 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $8,699,252 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $757,420,340 | PYOtherExpensesAmt |
| CY Other Expenses | $696,159,522 | CYOtherExpensesAmt |
| PY Total Expenses | $840,042,244 | PYTotalExpensesAmt |
| CY Total Expenses | $704,858,774 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $12,510,224 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $13,218,061 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $2,529,005,112 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,734,549,230 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,110,147,596 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,320,658,496 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $418,857,516 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $413,890,734 | NetAssetsOrFundBalancesEOYAmt |
| Mission | POWERSOUTH ENERGY COOPERATIVE IS AN ALABAMA COOPERATIVE CORPORATION PRODUCING AND TRANSMITTING WHOLESALE ELECTRIC POWER TO AND FOR ITS COOPERATIVE AND MUNICIPAL MEMBERS UNDER THE PROVISIONS OF THE RURAL ELECTRIFICATION ACT OF 1936. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | POWERSOUTH ENERGY COOPERATIVE SERVES THE WHOLESALE ENERGY NEEDS OF 20 UTILITY DISTRIBUTION MEMBERS IN ALABAMA AND NORTHWEST FLORIDA. | Desc |
| Total Program Service Expenses | $0 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| 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 | Yes (true) | 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 | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| 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 | false | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 249 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 599 | 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 | $686,378,758 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $32,025,409 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (true) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 40 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 40 | 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 | Yes (true) | 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 | false | ConflictOfInterestPolicyInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | false | 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 | ELIZABETH C WOODARD | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3344273000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2027 EAST THREE NOTCH STREET | AddressLine1Txt |
| City | ANDALUSIA | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 36421 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (62 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Becky Bracke | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $18,553 | $0 | $0 | ||
| Bobby Ballard | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $4,650 | $0 | $0 | ||
| Braxton Green | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $8,851 | $0 | $0 | ||
| Chase Riddle | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $14,852 | $0 | $0 | ||
| David Bailey | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $21,953 | $0 | $0 | ||
| David Cook | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $15,553 | $0 | $0 | ||
| Debra Baxley | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $19,503 | $0 | $0 | ||
| Delaney Kervin | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $11,702 | $0 | $0 | ||
| Derek Chadwell | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $14,402 | $0 | $0 | ||
| Earl Johnson | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $20,202 | $0 | $0 | ||
| Ed Short | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $1,900 | $0 | $0 | ||
| Edward Miller | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $11,952 | $0 | $0 | ||
| Gary Harrison | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $22,903 | $0 | $0 | ||
| Gerald Edmondson | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $22,803 | $0 | $0 | ||
| Isabell Boyd | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $22,602 | $0 | $0 | ||
| James Hall | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $14,951 | $0 | $0 | ||
| Jane Brunson | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $19,353 | $0 | $0 | ||
| Jeffrey Hodges | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $21,103 | $0 | $0 | ||
| Joe Rone | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $21,503 | $0 | $0 | ||
| John Bartley | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $21,453 | $0 | $0 | ||
| Johnny Adcock | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $21,103 | $0 | $0 | ||
| Jon Cullimore | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $21,503 | $0 | $0 | ||
| Joseph Coleman | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $20,653 | $0 | $0 | ||
| Karen Moore | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $19,803 | $0 | $0 | ||
| Kim Jackson | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $20,203 | $0 | $0 | ||
| Kip Justice | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $2,650 | $0 | $0 | ||
| LES MORELAND | ||||||||
| BOARD MEMBER | 7.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| LOUIE WARD | ||||||||
| BOARD MEMBER | 7.0 | 0.0 | Yes (X) | $0 | $0 | $0 | ||
| Marilyn Davis | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $20,253 | $0 | $0 | ||
| Mark Parker | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $17,203 | $0 | $0 | ||
| Richard Jones | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $15,703 | $0 | $0 | ||
| Robert Byrd | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $21,053 | $0 | $0 | ||
| Rodney Harrison | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $24,497 | $0 | $0 | ||
| Ryan Campbell | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $21,103 | $0 | $0 | ||
| Seth Hammett | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $1,901 | $0 | $0 | ||
| Shawn Walling | ||||||||
| Board Meeting | 7.0 | 0.0 | Yes (X) | $7,751 | $0 | $0 | ||
| Stacey Parker | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $23,903 | $0 | $0 | ||
| Stephen Rhodes | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $21,103 | $0 | $0 | ||
| Steven Sheffield | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $20,600 | $0 | $0 | ||
| Terry Mitchell | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $6,851 | $0 | $0 | ||
| Terry Moseley | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $21,053 | $0 | $0 | ||
| Tom Duncan | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $25,803 | $0 | $0 | ||
| Tom Maddox | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $21,053 | $0 | $0 | ||
| Tom Stackhouse | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $22,953 | $0 | $0 | ||
| Vince Johnson | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $20,200 | $0 | $0 | ||
| Willie Smith | ||||||||
| Board Member | 7.0 | 0.0 | Yes (X) | $22,452 | $0 | $0 | ||
| Willie Wright | ||||||||
| Board Meeting | 7.0 | 0.0 | Yes (X) | $21,053 | $0 | $0 | ||
| Art Brunson | ||||||||
| VP of Legal and Corporate Affairs | 50.0 | 0.0 | $418,257 | $0 | $120,584 | Yes (X) | ||
| Damon Morgan | ||||||||
| EVP/COO | 50.0 | 0.0 | $1,243,072 | $0 | $252,455 | Yes (X) | ||
| Elizabeth Woodard | ||||||||
| EVP/CFO | 50.0 | 0.0 | $700,301 | $0 | $183,121 | Yes (X) | ||
| Gary Smith | ||||||||
| President/CFO | 50.0 | 0.0 | $1,797,559 | $0 | $346,794 | Yes (X) | ||
| Horace Horn | ||||||||
| Senior VP of External Affairs | 50.0 | 0.0 | $518,027 | $0 | $134,104 | Yes (X) | ||
| Joe Armstrong | ||||||||
| VP of Engineering & Operations | 50.0 | 0.0 | $329,714 | $0 | $104,533 | Yes (X) | ||
| John Matheson | ||||||||
| VP of Power Production | 50.0 | 0.0 | $312,757 | $0 | $104,533 | Yes (X) | ||
| Matthew Diamond | ||||||||
| VP of Member Services and Communications | 50.0 | 0.0 | $364,892 | $0 | $111,786 | Yes (X) | ||
| Ron Graham | ||||||||
| VP of Power Supply | 50.0 | 0.0 | $353,893 | $0 | $108,929 | Yes (X) | ||
| Taylor Williams | ||||||||
| VP of External Affairs | 50.0 | 0.0 | $298,619 | $0 | $102,175 | Yes (X) | ||
| David Pearce | ||||||||
| Bulk Power, Fuels & Energy Resources Manager | 50.0 | 0.0 | $208,960 | $0 | $64,770 | Yes (X) | ||
| James Grimes | ||||||||
| Power Production Engineering Manager | 50.0 | 0.0 | $206,343 | $0 | $74,875 | Yes (X) | ||
| James Hattaway | ||||||||
| Energy Services Manager | 50.0 | 0.0 | $231,016 | $0 | $78,228 | Yes (X) | ||
| Jonathan Ellison | ||||||||
| Director of Technical Services | 50.0 | 0.0 | $252,108 | $0 | $72,193 | Yes (X) | ||
| Julian Farrington | ||||||||
| Manager of Planning, Compliance & Regulatory | 50.0 | 0.0 | $232,521 | $0 | $77,358 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $8,261,186 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,936,438 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 227 | 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)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Saiia Construction Company LLC | |||||
| 4400 Lewisburg Road | Birmingham | AL | 35207 | Construction | $2,544,514 |
| Asplundh Tree Expert LLC | |||||
| 708 Blair Mill Road | Willow Grove | PA | 19090 | Vegetation Management | $2,228,764 |
| Modular Connections LLC | |||||
| 1090 Industrial Blvd | Bessemer | AL | 35022 | Construction | $1,221,042 |
| Worrell Construction LLC | |||||
| 1906 Worrell Road | Evergreen | AL | 36401 | Construction | $850,312 |
| GPC LLC | |||||
| 24037 Page Road | Andalusia | AL | 36421 | CONSTRUCTION | $723,461 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 31 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SALE OF ELECTRIC ENERGY | 221000 | $709,048,958 | $709,048,958 |
| CAPITAL CREDITS | 221000 | $691,532 | $691,532 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $709,740,490 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,314,195 | TotalRevenueColumnAmt |
| Exclusion | $7,314,195 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $694,086 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $11,385 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $682,701 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $682,701 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $97,778 | UnrelatedBusinessRevenueAmt |
| Exclusion | $584,923 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $260,354 | SecuritiesAmt |
| Other | $65,293 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $49,618 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $210,736 | SecuritiesAmt |
| Other | $65,293 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $276,029 | TotalRevenueColumnAmt |
| Exclusion | $276,029 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NON-OPERATING INCOME | Desc |
| Business | 900999 | BusinessCd |
| Total Revenue Column | $63,420 | TotalRevenueColumnAmt |
| Exclusion | $63,420 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $63,420 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $718,076,835 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $709,740,490 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $97,778 | UnrelatedBusinessRevenueAmt |
| Exclusion | $8,238,567 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,699,252 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $54,145,649 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77,837,694 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| POWER PRODUCTION | $295,903,805 |
| PURCHASE OF POWER | $144,932,049 |
| DISTRIBUTION | $83,439,358 |
| ADMIN & GENERAL | $28,460,575 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,440,392 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $704,858,774 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $207,689,795 | BOYAmt |
| EOY | $24,588,911 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,049,718 | BOYAmt |
| EOY | $326,014,010 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,343,617 | BOYAmt |
| EOY | $101,404,906 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,533,444 | BOYAmt |
| EOY | $72,312,812 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $139,574,407 | BOYAmt |
| EOY | $149,369,220 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $2,542,352,144 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $845,832,644 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,600,075,693 | BOYAmt |
| EOY | $1,696,519,500 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,375,030 | BOYAmt |
| EOY | $2,884,286 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,976,452 | BOYAmt |
| EOY | $21,571,183 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $370,386,956 | BOYAmt |
| EOY | $339,884,402 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,529,005,112 | BOYAmt |
| EOY | $2,734,549,230 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $146,603,726 | BOYAmt |
| EOY | $100,903,629 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $143,121,983 | BOYAmt |
| EOY | $140,681,303 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,667,704 | BOYAmt |
| EOY | $70,464,973 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,454,914,659 | BOYAmt |
| EOY | $1,480,251,736 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $104,500,000 | BOYAmt |
| EOY | $309,750,008 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $184,339,524 | BOYAmt |
| EOY | $218,606,847 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,110,147,596 | BOYAmt |
| EOY | $2,320,658,496 | EOYAmt |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $110 | BOYAmt |
| EOY | $110 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $418,857,406 | BOYAmt |
| EOY | $413,890,624 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $418,857,516 | BOYAmt |
| EOY | $413,890,734 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,529,005,112 | BOYAmt |
| EOY | $2,734,549,230 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $13,218,061 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$18,184,843 | 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) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $37,069,811 | OtherCostOrOtherBasisAmt |
| Book Value | $37,069,811 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $126,531,590 | OtherCostOrOtherBasisAmt |
| Depreciation | $68,335,618 | DepreciationAmt |
| Book Value | $58,195,972 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $767,022 | OtherCostOrOtherBasisAmt |
| Depreciation | $0 | DepreciationAmt |
| Book Value | $767,022 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $2,177,179,720 | OtherCostOrOtherBasisAmt |
| Depreciation | $752,099,386 | DepreciationAmt |
| Book Value | $1,425,080,334 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $0 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $200,804,001 | OtherCostOrOtherBasisAmt |
| Depreciation | $25,397,640 | DepreciationAmt |
| Book Value | $175,406,361 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,696,519,500 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| OTHER REGULATORY ASSETS | $425,522 |
| INTEREST RATE SWAP | $31,400,195 |
| ACCRUED PRBC | $15,998,426 |
| GAS HEDGES | $95,985,407 |
| LOWMAN ACCELERATED DEPRECIATION | $196,074,852 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $339,884,402 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (9 entries)
| DescDesc | AmtAmt |
|---|---|
| Def Recovery of Fuel Purch | $8,752,378 |
| Interest Rate Swap Liability | $3,857,209 |
| Gas Hedge Liablity | $98,672,497 |
| LEASE LIABLITY | $767,022 |
| POSTRETIREMENT BENEFIT COST | $56,411,479 |
| ASSET RETIREMENT OBLIGATION | $41,022,192 |
| PENSION BENEFIT COST | $534,070 |
| PROV FOR PROPERTY INSURANCE | $8,590,000 |
| $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $218,606,847 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $717,406,917 | TotalRevEtcAuditedFinclStmtAmt |
| Other Revenue | $11,385 | OtherRevenueAmt |
| Revenue Not Reported | $11,385 | RevenueNotReportedAmt |
| Revenue Subtotal | $717,395,532 | RevenueSubtotalAmt |
| Other Revenues Not Included | $681,303 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $681,303 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $718,076,835 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $704,858,774 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $0 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $704,858,774 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $0 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $704,858,774 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part X, Line 2 | MANGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. |
| Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 | RENTAL EXPENSES - 11385 |
| Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements | DEFERRED IRU LEASE REVENUE - 681303 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gary Smith | ||||||||||||||
| President/CFO | $1,478,805 | $0 | $0 | $0 | $318,754 | $0 | $323,803 | $0 | $22,991 | $0 | $2,144,353 | $0 | $0 | $0 |
| Damon Morgan | ||||||||||||||
| EVP/COO | $1,041,276 | $0 | $0 | $0 | $201,796 | $0 | $229,464 | $0 | $22,991 | $0 | $1,495,527 | $0 | $0 | $0 |
| Elizabeth Woodard | ||||||||||||||
| EVP/CFO | $686,827 | $0 | $0 | $0 | $13,474 | $0 | $160,130 | $0 | $22,991 | $0 | $883,422 | $0 | $0 | $0 |
| Horace Horn | ||||||||||||||
| Senior VP of External Affairs | $459,501 | $0 | $0 | $0 | $58,526 | $0 | $114,300 | $0 | $19,804 | $0 | $652,131 | $0 | $0 | $0 |
| Art Brunson | ||||||||||||||
| VP of Legal and Corporate Affairs | $380,806 | $0 | $0 | $0 | $37,451 | $0 | $98,782 | $0 | $21,802 | $0 | $538,841 | $0 | $0 | $0 |
| Matthew Diamond | ||||||||||||||
| VP of Member Services and Communications | $340,538 | $0 | $0 | $0 | $24,354 | $0 | $90,292 | $0 | $21,494 | $0 | $476,678 | $0 | $0 | $0 |
| Ron Graham | ||||||||||||||
| VP of Power Supply | $322,478 | $0 | $0 | $0 | $31,415 | $0 | $87,518 | $0 | $21,411 | $0 | $462,822 | $0 | $0 | $0 |
| Joe Armstrong | ||||||||||||||
| VP of Engineering & Operations | $308,463 | $0 | $0 | $0 | $21,251 | $0 | $83,247 | $0 | $21,286 | $0 | $434,247 | $0 | $0 | $0 |
| John Matheson | ||||||||||||||
| VP of Power Production | $308,464 | $0 | $0 | $0 | $4,293 | $0 | $83,247 | $0 | $21,286 | $0 | $417,290 | $0 | $0 | $0 |
| Taylor Williams | ||||||||||||||
| VP of External Affairs | $298,619 | $0 | $0 | $0 | $0 | $0 | $80,964 | $0 | $21,211 | $0 | $400,794 | $0 | $0 | $0 |
| Jonathan Ellison | ||||||||||||||
| Director of Technical Services | $223,353 | $0 | $0 | $0 | $28,755 | $0 | $60,472 | $0 | $11,721 | $0 | $324,301 | $0 | $0 | $0 |
| Julian Farrington | ||||||||||||||
| Manager of Planning, Compliance & Regulatory | $211,823 | $0 | $0 | $0 | $20,698 | $0 | $57,510 | $0 | $19,848 | $0 | $309,879 | $0 | $0 | $0 |
| James Hattaway | ||||||||||||||
| Energy Services Manager | $214,566 | $0 | $0 | $0 | $16,450 | $0 | $58,325 | $0 | $19,903 | $0 | $309,244 | $0 | $0 | $0 |
| James Grimes | ||||||||||||||
| Power Production Engineering Manager | $204,495 | $0 | $0 | $0 | $1,848 | $0 | $55,188 | $0 | $19,687 | $0 | $281,218 | $0 | $0 | $0 |
| David Pearce | ||||||||||||||
| Bulk Power, Fuels & Energy Resources Manager | $201,469 | $0 | $0 | $0 | $7,491 | $0 | $53,927 | $0 | $10,843 | $0 | $273,730 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan | FormAndLineReferenceDesc |
| Explanation | THE FOLLOWING PERSONS PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. GARY SMITH - PRESIDENT/CFO HORACE HORN - SENIOR VP OF EXTERNAL AFFAIRS DAMON MORGAN - EVP/COO ELIZABETH WOODARD - EVP/CFO RON GRAHAM - VP OF POWER SUPPLY ART BRUNSON - VP OF LEGAL AND CORPORATE AFFAIRS DURING 2023, THE FOLLOWING PAYMENTS WERE MADE TO EMPLOYEES FROM A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN GARY SMITH $272,796 HORACE HORN $17,853 DAMON MORGAN $115,381 | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| SEE PART VI | ||||||||
| A | 636003963 | 162296AA5 | 2007-04-06 | $50,000,000 | GO ZONE BONDS - PROJECTS | false | false | false |
| SEE PART VI | ||||||||
| B | 636003963 | 16229PAP0 | 2020-08-01 | $63,625,984 | GO ZONE BONDS - PROJECTS; REFUNDED GO ZONE BONDS, SERIES 2010A ISSUED SEPTEMBER 29, 2010 | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Bond DefeasedBondDefeasedAmt | Total ProceedsTotalProceedsAmt | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt | Refunding EscrowRefundingEscrowAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Credit EnhancementCreditEnhancementAmt | Working Capital ExpendituresWorkingCapitalExpendituresAmt | Capital ExpendituresCapitalExpendituresAmt | Other Spent ProceedsOtherSpentProceedsAmt | UnspentUnspentAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | 2009 | false | false | Yes (true) | Yes (true) |
| B | $5,395,000 | $0 | $63,625,984 | $0 | $0 | $0 | $400,000 | $378,461 | $0 | $0 | $62,847,523 | $0 | 2014 | Yes (true) | false | Yes (true) | Yes (true) |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)
| Bond ReferenceBondReferenceCd | Total Private Business UseTotalPrivateBusinessUsePct |
|---|---|
| A | 0.0 |
| B | 0.0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | false | false | Yes (true) | Yes (true) | Yes (true) | false | false | false | Yes (true) |
| B | false | Yes (true) | Yes (true) | Yes (true) | false | false | false | false | Yes (true) |
Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | false |
| B | false |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule K, Part III | OTHER QUALIFIED PRIVATE ACTIVITY BOND INFORMATION. PART I, ROW A IDB OF TOWN OF CHATOM SERIES 2007A - GO ZONE BONDS |
| Schedule K, Part III | OTHER QUALIFIED PRIVATE ACTIVITY BOND INFORMATION. PART I, ROW A IDB OF TOWN OF CHATOM SERIES 2020 - GO ZONE REFUNDING BONDS |
| Schedule K, Part I, Column (a) Schedule K, Part I, Column(a), Line A | INDUSTRIAL DEVELOPMENT BOARD OF CHATOM SERIES 2007A; GULF OPPORTUNITY ZONE BONDS |
| Schedule K, Part I, Column (a) Schedule K, Part I, Column(a), Line B | INDUSTRIAL DEVELOPMENT BOARD OF CHATOM SERIES 2020; GULF OPPORTUNITY ZONE REFUNDING BONDS |
| Schedule K, Part IV, Line 2c COLUMN A | Issuer name: SEE PART VI The calculation for computing no rebate due was performed on 04/01/2022 |
| Schedule K, Part IV, Line 2c COLUMN B | Issuer name: SEE PART VI The calculation for computing no rebate due was performed on 08/01/2020 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 6 Classes of members or stockholders | THE ORGANIZATION HAS 20 MEMBERS. |
| Form 990, Part VI, Line 7a Members or stockholders electing members of governing body | EACH MEMBER HAS THE POWER TO NOMINATE TWO TRUSTEES TO THE BOARD. |
| Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders | UNDER POWERSOUTH'S BYLAWS, CERTAIN ACTIONS ARE VOTED ON BY THE MEMBERS, INCLUDING THE SALE OF SUBSTANTIALLY ALL OF ITS PROPERTY, EXPULSION OF A MEMBER AS WELL AS MATTERS DEALING WITH MERGERS AND OTHER ISSUES. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | THE PRESIDENT/CEO REVIEWS THE FORM 990 WITH THE EXECUTIVE COMMITTEE WHO THEN REPORTS TO THE BOARD OF TRUSTEES. THE BOARD MEMBERS RECEIVE A COPY OF THE FORM 990 FOR REVIEW. ONCE THE FORM 990 HAS BEEN REVIEWED BY THE GOVERNING BODY, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | POWERSOUTH'S SYSTEMIC SALARY COMPENSATION PLAN FOR MANAGEMENT, SUPERVISORY, TECHNICAL AND CLERICAL EMPLOYEES WAS DEVELOPED BY KORN FERRY AND HAS BEEN USED SINCE THE 1980S. KORN FERRY EVALUATES JOBS ON THREE MAJOR FACTORS: (1) REQUIRED JOB KNOWLEDGE AND SKILLS (2) THE DEGREE OF THINKING AND PROBLEM SOLVING REQUIRED FOR DECISION MAKING, AND (3) THE DEGREE OF ACCOUNTABILITY FOR ACTIONS AND THE CONSEQUENCES OF THOSE ACTIONS. AFTER EVALUATION, EACH JOB IS ASSIGNED A POINT VALUE AND A SALARY RANGE. EACH YEAR, KORN FERRY REVIEWS THE SALARY RANGES OF OUR JOBS AND COMPARES THEM TO THE MARKET TO DETERMINE WHERE WE RELATE TO OTHERS IN OUR INDUSTRY. FROM THE INFORMATION OBTAINED THROUGH EXTENSIVE SURVEYS CONDUCTED BY KORN FERRY (KORN FERRY ENERGY INDUSTRY AND LOCAL AREA SURVEY DATABASES), IT WILL DETERMINE IF OUR MIDPOINTS ARE BELOW, ABOVE OR EQUAL TO THE MARKET AVERAGE. THIS ENSURES INTERNAL EQUITY AND EXTERNAL COMPETITIVENESS. IF NEEDED, KORN FERRY MAKES A RECOMMENDATION TO ADJUST OUR PAY STRUCTURE (SALARY RANGES) BASED ON THE MARKET AND ITS MOVEMENT. POWERSOUTH'S BOARD OF TRUSTEES IS INFORMED OF THIS INFORMATION AND HAS THE FINAL DECISION AS TO WHAT ACTION IS TAKEN. WE PROCEED AS THE BOARD OF TRUSTEES ADVISES. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | SEE COMMENT FOR FORM 990, PART VI, LINE 15a. |
| Form 990, Part VI, Line 19 Required documents available to the public | FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CERTAIN GOVERNANCE DOCUMENTS ARE AVAILABLE VIA ALABAMA SECRETARY OF STATE WEBSITE AS WELL AS POSTED TO EMMA OPERATED BY THE MUNICIPAL SECURITIES RULE-MAKING BOARD. |
| Form 990, Part XI, Line 9 Other changes in net assets or fund balances | ADJUSTMENT TO PATRONAGE CAPITAL AND WHOLLY OWNED SUB - -17514925; DEBT FINANCED UBI - -681303; RENTAL EXPENSES - 11385; |
| Form 990, Part XII, Line 2c PART XII, LINE 2C | THERE WAS NO CHANGE IN THE AUDIT OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. |
| FORM 990 PART VI, LINE 14 | THE ORGANIZATION DOES NOT HAVE A FORMAL POLICY; HOWEVER, INTERNAL PROCEDURES PROVIDE THE ORGANIZATION WITH GUIDANCE ON DOCUMENT RETENTION AND DESTRUCTION PER THE USDA GUIDELINES FOR RURAL UTILITY SERVICES. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANDALUSIA & CONECUH RAILROAD COMPANY INC | ||||||||||||
| PO BOX 550 | ANDALUSIA | AL | 364201299 | 630844945 | RAILROAD | AL | POWERSOUTH ENERGY COOPERATIVE | C Corporation | $2,165 | $275,131 | 1 | Yes (true) |
| POWERSOUTH DEVELOPMENT CORPORATION | ||||||||||||
| PO BOX 550 | ANDALUSIA | AL | 364201299 | 721361165 | ECONOMIC DEVELOPMENT | AL | POWERSOUTH ENERGY COOPERATIVE | C Corporation | $0 | $208,702 | 1 | Yes (true) |
| COOPERATIVE SERVICES INC | ||||||||||||
| PO BOX 550 | ANDALUSIA | AL | 364201299 | 631236941 | HOLDING COMPANY | AL | POWERSOUTH ENERGY COOPERATIVE | C Corporation | -$6,635 | $60,654 | 1 | Yes (true) |
| COOPERATIVE SERVICES ENTERPRISES INC | ||||||||||||
| PO BOX 550 | ANDALUSIA | AL | 364201299 | 630656225 | HOLDING COMPANY | AL | COOPERATIVE SERVICES INC | C Corporation | $0 | $33,606 | 1 | Yes (true) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | 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 | false | 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 | false | 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 | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |