ALCORN COUNTY ELECTRIC POWER ASSOCIATION: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- ALCORN COUNTY ELECTRIC POWER ASSOCIATION (EIN 64-0111850)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-05-12
- IRS object ID
- 202301329349300545
- Schema version
- 2021v4.0
- 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 | 2023-05-12T08:55:00-04:00 | ReturnTs |
| Tax Period End | 2022-06-30 | 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 | 2021-07-01 | 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 | SEAN MCGRATH | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 6622874402 | PhoneNum |
| Signature | 2023-05-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SEAN | PersonFirstNm |
| Person Last | MCGRATH | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TERRY E CARTWRIGHT CPA | PreparerPersonNm |
| PTIN | P00238020 | PTIN |
| Phone | 6627286172 | PhoneNum |
| Preparation | 2023-05-08 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SEAN MCGRATH | 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 | $61,471,655 | 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 | 87 | TotalEmployeeCnt |
| Total Gross UBI | $848,130 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $404,390 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $430,047 | CYProgramServiceRevenueAmt |
| PY Investment Income | $150,278 | PYInvestmentIncomeAmt |
| CY Investment Income | $130,001 | CYInvestmentIncomeAmt |
| PY Other Revenue | $18,624,927 | PYOtherRevenueAmt |
| CY Other Revenue | $19,420,044 | CYOtherRevenueAmt |
| PY Total Revenue | $19,179,595 | PYTotalRevenueAmt |
| CY Total Revenue | $19,980,092 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,363,592 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,386,877 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,474,415 | PYOtherExpensesAmt |
| CY Other Expenses | $11,212,861 | CYOtherExpensesAmt |
| PY Total Expenses | $14,838,007 | PYTotalExpensesAmt |
| CY Total Expenses | $16,599,738 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $4,341,588 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,380,354 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $107,123,733 | TotalAssetsBOYAmt |
| Total Assets EOY | $110,457,816 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $38,806,538 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $40,981,892 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $68,317,195 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $69,475,924 | 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 | 1 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 87 | 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 | $57,490,158 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $3,981,497 | 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 (13 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 | |||||||
| SECRETARY/TR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $4,133 | |
| MARK GARDNER | |||||||
| PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| J B DARNELL | |||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| SAM TULL | |||||||
| BOARD MEMBER | 2.00 | Yes (X) | $0 | $0 | $4,133 | ||
| ERIC POWELL | |||||||
| VICE PRESIDE | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| EDDIE HOWARD | |||||||
| CEO | 40.00 | Yes (X) | $220,170 | $0 | $64,478 | ||
| SEAN MCGRATH | |||||||
| CFO | 40.00 | Yes (X) | $187,093 | $0 | $55,204 | ||
| JASON GRISHAM | |||||||
| COO | 40.00 | Yes (X) | $193,003 | $0 | $55,614 | ||
| PAUL MCNAIR | |||||||
| ASST. OPER M | 40.00 | $160,862 | $0 | $46,766 | Yes (X) | ||
| WALLY EATON | |||||||
| LINE FOREMAN | 40.00 | $159,902 | $0 | $42,778 | Yes (X) | ||
| TRINT BAGGETT | |||||||
| SYSTEM ENGIN | 40.00 | $146,837 | $0 | $45,889 | Yes (X) | ||
| SCOTTY MILLS | |||||||
| RIGHT OF WAY | 40.00 | $135,151 | $0 | $37,570 | Yes (X) | ||
| DON ARNOLD | |||||||
| LINE FOREMAN | 40.00 | $132,820 | $0 | $33,907 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,335,838 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $390,472 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 17 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 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 | $4,681,122 |
| FIBERRISE COMMUNICATIONS LLC | |||||||
| FIBERRISE COMMUNICATIONS LLC | 12060 COUNTY LINE RD | SUITE J-239 | MADISON | AL | 35756 | ENG. CONSULTING | $881,997 |
| ASPLUNDH TREE EXPERTS | |||||||
| ASPLUNDH TREE EXPERTS | PO BOX 532729 | PO BOX 532729 | ATLANTA | GA | 30353 | TREE TRIMMING | $570,747 |
| CENTRAL SERVICE ASSOCIATION | |||||||
| CENTRAL SERVICE ASSOCIATION | PO BOX 3480 | PO BOX 3480 | TUPELO | MS | 38803 | SOFTWARE & MAIN | $170,011 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| FORFEITED DISCOUNTS | 221000 | $277,585 | $277,585 |
| SERVICE REVENUE | 221000 | $152,462 | $152,462 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $430,047 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $130,001 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $57,432 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $72,569 | UnrelatedBusinessRevenueAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $35,406 | RealAmt |
| Personal | $2,953,201 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $35,406 | RealAmt |
| Personal | $2,953,201 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,988,607 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,213,046 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $775,561 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $57,060,111 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $41,491,563 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,568,548 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $15,568,548 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| EQUITY EARNINGS OF FIBER | 221000 | $502,042 | $502,042 |
| GAIN ON OPEB LIAB VALUATION | 221000 | $341,911 | $341,911 |
| MISCELLANEOUS INCOME | $18,936 | $18,936 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $862,889 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $19,980,092 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $19,131,962 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $848,130 | UnrelatedBusinessRevenueAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,726,232 | TotalAmt |
| Program Services | $3,726,232 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,660,645 | TotalAmt |
| Program Services | $1,660,645 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,775 | TotalAmt |
| Program Services | $11,775 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,950 | TotalAmt |
| Program Services | $23,950 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $86,364 | TotalAmt |
| Program Services | $86,364 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,385,815 | TotalAmt |
| Program Services | $1,385,815 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $708,326 | TotalAmt |
| Program Services | $708,326 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,479,608 | TotalAmt |
| Program Services | $3,479,608 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $437,979 | TotalAmt |
| Program Services | $437,979 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| DISTRIBUTION EXPENSE | $3,391,012 | $3,391,012 |
| GENERAL MAINTENANCE | $511,914 | $511,914 |
| TAXES | $454,622 | $454,622 |
| CUSTOMER ACCOUNT EXPENSE | $421,809 | $421,809 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $299,687 | TotalAmt |
| Program Services | $299,687 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,599,738 | TotalAmt |
| Program Services | $16,599,738 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,258,804 | BOYAmt |
| EOY | $6,664,737 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,953,922 | BOYAmt |
| EOY | $2,963,212 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,310,959 | BOYAmt |
| EOY | $7,151,004 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,596,762 | BOYAmt |
| EOY | $3,347,590 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $988,246 | BOYAmt |
| EOY | $2,264,196 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,161,656 | BOYAmt |
| EOY | $2,747,515 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $130,340,452 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $46,136,552 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,667,826 | BOYAmt |
| EOY | $84,203,900 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,944 | BOYAmt |
| EOY | $75,196 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,118,614 | BOYAmt |
| EOY | $1,040,466 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $107,123,733 | BOYAmt |
| EOY | $110,457,816 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,827,269 | BOYAmt |
| EOY | $6,901,322 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,260,141 | BOYAmt |
| EOY | $23,963,201 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,719,128 | BOYAmt |
| EOY | $10,117,369 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,806,538 | BOYAmt |
| EOY | $40,981,892 | 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 | $590,322 | BOYAmt |
| EOY | $594,332 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $67,726,873 | BOYAmt |
| EOY | $68,881,592 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,317,195 | BOYAmt |
| EOY | $69,475,924 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $107,123,733 | BOYAmt |
| EOY | $110,457,816 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $3,380,354 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$1,788,299 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$437,326 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $4,000 | 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 | $723,780 | OtherCostOrOtherBasisAmt |
| Book Value | $723,780 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,143,547 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,593,732 | DepreciationAmt |
| Book Value | $5,549,815 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $121,473,125 | OtherCostOrOtherBasisAmt |
| Depreciation | $43,542,820 | DepreciationAmt |
| Book Value | $77,930,305 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $84,203,900 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| POST RETIREMENT BENEFIT OBLIG | $6,084,773 |
| CUSTOMER DEPOSITS | $2,156,967 |
| CUSTOMER CONSERVATION LOANS | $1,875,424 |
| MISC | $205 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $10,117,369 | TotalLiabilityAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| 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 |
|---|---|---|---|---|
| EDDIE HOWARD | ||||
| CEO | $195,413 | $24,757 | $64,478 | $284,648 |
| SEAN MCGRATH | ||||
| CFO | $166,048 | $21,045 | $55,204 | $242,297 |
| JASON GRISHAM | ||||
| COO | $171,300 | $21,703 | $55,614 | $248,617 |
| PAUL MCNAIR | ||||
| ASST. OPER MANAGER | $142,730 | $18,132 | $46,766 | $207,628 |
| WALLY EATON | ||||
| LINE FOREMAN | $142,592 | $17,310 | $42,778 | $202,680 |
| TRINT BAGGETT | ||||
| SYSTEM ENGINEER | $130,270 | $16,567 | $45,889 | $192,726 |
| SCOTTY MILLS | ||||
| RIGHT OF WAY FOREMAN | $119,943 | $15,208 | $37,570 | $172,721 |
| DON ARNOLD | ||||
| LINE FOREMAN | $118,921 | $13,899 | $33,907 | $166,727 |
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, CFO, AND JASON GRISHAM, COO, HAVE A SALARY CONTINUATION NONQUALIFIED PLAN AGREEMENT BACKED BY LIFE INSURANCE POLICIES. IT IS PAYABLE UPON RETIREMENT IN MONTHLY INSTALLMENTS. | 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 4,000 |
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 | Yes (true) | 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 | $812,724 | FAIR VALUE |
| FIRST LIGHT FIBER LLC | ||
| D | $1,522,969 | OUTSTANDING BALANCE |
| FIRST LIGHT FIBER LLC | ||
| J | $35,406 | JOINT COST CALCULATION |
| FIRST LIGHT FIBER LLC | ||
| O | $933,050 | ACTUAL PAYROLL COST |
| FIRST LIGHT FIBER LLC | ||
| Q | $97,254 | ACTUAL COST |