2021-10-26T11:07:38-05:00 2020-12-31 990 2020-01-01 640367992 COOPERATIVE ENERGY COOP 6012682083 PO BOX 15849 HATTIESBURG MS 394045849 THOMAS HALL CHIEF FINANCIAL OFFICER 6012682083 2021-10-26 THOMAS HALL 999009999 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z JEFF BOWMAN PO BOX 15849 HATTIESBURG MS 394045849 751175914 0 X WWW.COOPERATIVEENERGY.COM X 1941 MS PROVIDE AND TRANSMIT THROUGH GENERATION AND PURCHASE OF ELECTRICITY, WHOLESALE ELECTRICITY TO 11 MEMBER OWNED DISTRIBUTION COOPERATIVES, EACH SERVING RETAIL CONSUMERS. 24 24 540 0 0 0 0 0 771104661 751069899 148255 106015 0 0 771252916 751175914 560535 229167 20000000 20000000 58214173 62675337 0 0 0 692478208 668271410 771252916 751175914 0 0 1931402055 2053339465 1506283243 1618220653 425118812 435118812 PROVIDE AND TRANSMIT THROUGH GENERATION AND PURCHASE OF ELECTRICITY, WHOLESALE ELECTRICITY TO 11 MEMBER OWNER COOPERATIVES, EACH SERVING RETAIL CONSUMERS. 0 0 PROVIDE AFFORDABLE AND RELIABLE ELECTRIC ENERGY TO MEMBER COOPERATIVES. THE 11 MEMBER COOPERATIVES PROVIDE SERVICE TO APPROXIMATELY 439,000 METERS IN MISSISSIPPI. COOPERATIVE ENERGY AND THE 11 MEMBER SYSTEMS ARE CONSUMER-OWNED, NON-PROFIT BUSINESSES. DURING 2020, COOPERATIVE ENERGY PROVIDED MEMBER SYSTEMS WITH 9,656,694 MWH OF ENERGY. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 214 0 1 540 1 0 0 0 0 0 675039441 76030458 0 0 0 X 24 24 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MS X THOMAS HALL 6012682083 7037 HWY 49 N HATTIESBURG MS 39402 GILBERT ARCENEAUX DIRECTOR 1.69 X 31206 0 0 RONALD G BARNES DIRECTOR 2.04 X 32400 0 0 KEVIN BONDS DIRECTOR 3.63 X 30800 0 0 JOEY CUNNINGHAM DIRECTOR 1.93 X 32785 0 0 ROY GRAFE DIRECTOR 0.92 X 30814 0 0 WILLIAM HARDIN DIRECTOR 3.65 X 16624 0 0 HARRY HOWARTH DIRECTOR 1.70 X 23794 0 0 BRIAN HUGHEY DIRECTOR 2.47 X 33200 0 0 KEITH HURT DIRECTOR 4.56 X 33200 0 0 MACK MAULDIN DIRECTOR 1.20 X 30545 0 0 DAVID O'BRYAN DIRECTOR 2.10 X 32400 0 0 TIM PERKINS DIRECTOR 3.45 X 34800 0 0 LES PETERS DIRECTOR 0.99 X 31578 0 0 CHRIS RHODES DIRECTOR 0.29 X 8000 0 0 CINDY SHIPP DIRECTOR 0.83 X 33042 0 0 JASON SIEGFRIED DIRECTOR 0.40 X 7200 0 0 DARRELL SMITH DIRECTOR 8.62 X X 33800 0 0 HUGH GENE SMITH DIRECTOR 0.89 X 31604 0 0 RANDY SMITH DIRECTOR 1.16 X 31400 0 0 SCOTT SMITH DIRECTOR 2.14 X 17041 0 0 LOUIS THOMPSON DIRECTOR 3.11 X X 44284 0 0 RICHARD THOMS DIRECTOR 3.45 X X 32438 0 0 MIKE TYNER DIRECTOR 2.95 X 18394 0 0 RANDY WALLACE DIRECTOR 2.87 X 32800 0 0 HENRY C WATERER JR DIRECTOR 3.00 X X 10499 0 0 RON WHITE DIRECTOR 1.24 X 31600 0 0 DENNIS WILSON DIRECTOR 1.63 X 14966 0 0 RANDY WOOLLEY DIRECTOR 4.38 X 31535 0 0 JEFF BOWMAN PRESIDENT/CEO 53.00 X 643766 0 144096 NATHAN BROWN SR. VICE PRESIDENT/ COO 50.00 X 497557 0 244392 TOM HALL SR. VICE PRESIDENT/ CFO 50.00 X 391809 0 216026 CHRISTA BISHOP SR VICE PRESIDENT/CCO 48.00 X 276768 0 105253 STEVE MCELHANEY SR VICE PRESIDENT/COMPLIAN 45.00 X 255477 0 141190 BRAD WOLFE SR VICE PRESIDENT/POWER DE 42.00 X 299940 0 159992 MARK SMITH SR VICE PRESIDENT POWER GENERATION 48.00 X 250244 0 128444 CHRIS RHODES SR VICE PRESIDENT ADMIN 50.00 X 239890 0 80909 DON HINTON VICE PRESIDENT- GENERAL COUNSEL 45.00 X 199742 0 59564 3827942 0 1279866 119 0 1 0 SIEMENS ENERGY 4400 ALAFAYA TRAIL ORLANDO FL 32826 PLANT MAINTENANCE SERVICES 27352677 W G YATES & SONS CONSTRUCTION P O BOX 456 PHILADELPHIA MS 39350 FOUNDATION/GROUNDING 16049151 BURNS AND MCDONNELL ENG CO INC 9400 WARD PKWY KANSAS CITY MO 64114 ENGINEERING & CAP PROJECT 13466931 WARTSILA NORTH AMERICA INC 11710 N GESSNER RD STE A HOUSTON TX 77064 RECIP ENGINE PROJECT 12859543 GENERAL ELECTRIC INTERNATIONAL INC 9400 WARD PKWY KANSAS CITY MO 64114 PLANT MAINTENANCE SERVICES 10911643 92 REVENUE FROM MEMBERS 221000 675039441 675039441 REVENUE FROM NON-MEMBERS 221000 70972263 70972263 PROGRAM RELATED INVESTMENTS 221000 5058195 5058195 751069899 106015 0 106015 106015 106015 751175914 751175914 0 0 229167 20000000 5427493 39219204 8294749 5935398 3798493 744163 343140 363493 610252 673809 3984279 1140399 313647 35825996 81083955 3292944 PURCHASED POWER FOR RES 303659520 COAL, NAT GAS, NUCLEAR 127448923 GENERATION PLANT O&M 51826928 TRANSMISSION SYS. O&M 46473710 10486252 751175914 4008738 7956537 237482999 211300385 64751961 69865940 39619275 41533040 191161415 162859155 2469279444 1024815972 1289880167 1444463472 104264366 115068028 233134 292908 1931402055 2053339465 172039506 208898093 1047563403 1109060633 4283760 3008226 282396574 297253701 1506283243 1618220653 X 0 0 0 0 425118812 435118812 425118812 435118812 1931402055 2053339465 X 0 10000000 X X 0 1 X 1 1 1 48770095 48770095 706226981 402884696 303342285 3393307 776426 2616881 1404339957 426766340 977573617 306549104 194388510 112160594 1444463472 NUCLEAR DECOMMISSIONING TRUST 102554888 F INVESTMENT - FEDERAL ECONOMIC DEV FUNDS 1259259 C INVESTMENT - CAPITAL TERM CERTIFICATES 6223283 C INVESTMENT IN ASSOCIATED ORGANIZATIONS 1268105 C OTHER INVESTMENTS 3762493 C 115068028 ACCUM. PROVISION FOR PENSIONS & BENEFITS 15104632 ASSET RETIREMENT OBLIGATIONS 121480980 CAPITAL LEASE - DISSOLVED 677264 DEFERRED CREDIT - POWER COST ADJUSTMENT 22380000 DEFERRED CREDIT - ECONOMIC DEVELOPMENT GRANTS 5842534 DEFERRED CREDIT - POWER SUPPLY DEVELOPMENT FUND 100496164 DEFERRED CREDIT - DEPRECIATION & AMORTIZATION FUND 10000000 DEFERRED CREDIT - MEDICAL INSURANCE CONTRIBUTION ACCT. 4524347 DEFERRED CREDIT - QUALITY OF LIFE FUND 18553 UNREALIZED GAIN DECOMMISSIONING TRUST 12998353 UNREALIZED GAIN NATURAL GAS HEDGES 3481661 UNREALIZED GAIN - FINANCIAL TRANSMISSION RIGHTS 249213 297253701 738835910 0 738835910 12340004 12340004 751175914 731175914 0 731175914 20000000 20000000 751175914 PART XI, LINE 4B - OTHER ADJUSTMENTS: OTHER ADJUSTMENTS: INTEREST INCOME IN THE AMOUNT OF $4,739,876, OTHER NON-OPERATING INCOME IN THE AMOUNT OF $7,281,809, AND PATRONAGE INCOME IN THE AMOUNT OF $318,319 ARE SHOWN AS NON-OPERATING MARGINS IN THE AUDITED FINANCIALS, BUT INCLUDED AS REVENUE ON FORM 990. 12,340,004. PART XII, LINE 4B - OTHER ADJUSTMENTS: OTHER ADJUSTMENTS: 2020 NET MARGIN OF $20,000,000 IS REFLECTED AS EXPENSE ON THE FORM 990 SINCE THE MARGIN IS ALLOCATED TO THE 11 MEMBERS AS PATRONAGE CAPITAL, THOUGH NO PAYMENT WAS MADE TO THE MEMBERS IN 2020 FOR THIS ALLOCATED PATRONAGE CAPITAL. 20,000,000. 1 ECONOMIC DEVELOPMENT AUTHORITY OF COAHOMA COUNTY 203921327 25000 ECONOMIC DEVELOPMENT NORTH CENTRAL PLANNING AND DEVELOPMENT DISTRICT 640473694 501C3 25000 ECONOMIC DEVELOPMENT GREENWOOD LEFLORE CARROLL ECONOMIC DEVELOPMENT FOUNDATION 640640864 501C6 9167 ECONOMIC DEVELOPMENT CARROLL COUNTY BOARD OF SUPERVISORS 646000202 25000 ECONOMIC DEVELOPMENT GREENWOOD LEFLORE CARROLL ECONOMIC DEVELOPMENT FOUNDATION 640640864 501C6 20000 ECONOMIC DEVELOPMENT MARION COUNTY DEVELOPMENT DISTRICT 450502805 25000 ECONOMIC DEVELOPMENT STONE COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP 640926297 501C6 25000 ECONOMIC DEVELOPMENT JACKSON COUNTY ECONOMIC DEVELOPMENT FOUNDATION 640838516 25000 ECONOMIC DEVELOPMENT BROOKHAVEN LINCOLN COUNTY ECONOMIC DEVELOPMENT ALLIANCE 300429615 25000 ECONOMIC DEVELOPMENT BROOKHAVEN LINCOLN COUNTY ECONOMIC DEVELOPMENT ALLIANCE 300429615 25000 ECONOMIC DEVELOPMENT 1 10 PART I, LINE 2: THE COOPERATIVE ENERGY BOARD OF DIRECTORS EVALUATES REQUESTS, SUBSEQUENT TO SCREENING BY MEMBER SYSTEM BOARD OF DIRECTORS, FOR PROJECTS THAT WILL ENHANCE OR STIMULATE ECONOMIC GROWTH IN MEMBER SYSTEM AREAS. THE COOPERATIVE ENERGY BOARD APPROVES THESE REQUESTS PRIOR TO DISBURSEMENT. PART II, ITEMS 1-5 1 X X X 0 0 0 JEFF BOWMAN PRESIDENT/CEO 627800 0 8571 0 7395 0 123023 0 21073 0 787862 0 0 0 NATHAN BROWN SR. VICE PRESIDENT/ COO 471703 0 16065 0 9789 0 223309 0 21083 0 741949 0 0 0 TOM HALL SR. VICE PRESIDENT/ CFO 367150 0 14787 0 9872 0 194943 0 21083 0 607835 0 0 0 CHRISTA BISHOP SR VICE PRESIDENT/CCO 257222 0 10961 0 8585 0 85122 0 20131 0 382021 0 0 0 STEVE MCELHANEY SR VICE PRESIDENT/COMPLIAN 236715 0 8707 0 10055 0 121342 0 19848 0 396667 0 0 0 BRAD WOLFE SR VICE PRESIDENT/POWER DE 285472 0 10172 0 4296 0 139290 0 20702 0 459932 0 0 0 MARK SMITH SR VICE PRESIDENT POWER GENERATION 233248 0 10449 0 6547 0 108671 0 19773 0 378688 0 0 0 CHRIS RHODES SR VICE PRESIDENT ADMIN 233506 0 4410 0 1974 0 0 0 0 0 239890 0 0 0 DON HINTON VICE PRESIDENT- GENERAL COUNSEL 179439 0 7337 0 12966 0 40624 0 18940 0 259306 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE BOARD OF DIRECTORS OF COOPERATIVE ENERGY CONSISTS OF 2 DIRECTORS FROM EACH OF THE 11 MEMBER NONPROFIT DISTRIBUTION COOPERATIVES THAT OWN COOPERATIVE ENERGY, PLUS 2 AT-LARGE DIRECTORS WHO ALSO SERVE ON THE BOARD OF DIRECTORS OF THE MEMBER COOPERATIVE FOR A TOTAL OF 24 DIRECTORS. ELEVEN DIRECTORS SERVING ON COOPERATIVE ENERGY'S BOARD OF DIRECTORS ARE GENERAL MANAGER OF THE MEMBER COOPERATIVE. THUS THE GENERAL MANAGER AND DIRECTOR FROM EACH MEMBER COOPERATIVE HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER WHILE SERVING AS DIRECTORS FOR COOPERATIVE ENERGY. FORM 990, PART VI, SECTION A, LINE 6 SEE RESPONSE TO PART VI SECTION A QUESTION 2 ABOVE. FORM 990, PART VI, SECTION A, LINE 7A SEE RESPONSE TO PART VI SECTION A QUESTION 2 ABOVE. FORM 990, PART VI, SECTION A, LINE 7B SEE RESPONSE TO PART VI SECTION A QUESTION 2 ABOVE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 2020 FORM 990 WAS REVIEWED WITH THE BUDGET AND FINANCE COMMITTEE AND REPORTED TO THE BOARD OF DIRECTORS. ON THE BUDGET AND FINANCE COMMITTEE'S RECOMMENDATION, THE BOARD AUTHORIZED THE EXECUTION AND FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ENFORCEMENT - DIRECTORS, OFFICERS, AND KEY EMPLOYEES ANNUALLY COMPLETE, AND SIGN, A QUESTIONAIRE RELATIVE TO INDEPENDENCE, BUSINESS RELATIONSHIPS, ETC. FORM 990, PART VI, SECTION B, LINE 15 TO ENSURE COOPERATIVE ENERGY'S WAGES ARE COMPETETIVE, FAIR AND EQUITABLE, COOPERATIVE ENERGY UTILIZES A VARIETY OF DATA SOURCES TO INFORM MANAGEMENT AND THE BOARD OF DIRECTORS OF COMPENSATION MARKET DATA AND TRENDS. TO ASSESS COMPARABILITY DATA REGARDING COMPENSATION PRACTICES, COOPERATIVE ENERGY PARTICIPATED IN BOTH OLD DOMINION ELECTRIC COOPERATIVE'S 2020 CEO COMPENSATION SURVEY AND 2020 EXECUTIVE COMPENSATION SURVEY AND SECURED A COMPENSATION CONSULTANT TO ASSESS THE VALUATION OF THE CEO AND THE EXECUTIVE MANAGEMENT POSITIONS. UTILIZING THE SURVEYS AND POSITION VALUATIONS, THE CEO'S SALARY WAS DETERMINED BY THE BOARD OF DIRECTORS, AND THE EXECUTIVE MANAGEMENT SALARIES WERE DETERMINED BY THE CEO AND APPROVED BY THE BUDGET AND FINANCE COMMITTEE AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 RECEPTIONISTS HAVE BEEN INFORMED THAT THE FORM 990 WILL BE MADE AVAILABLE. FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9 - OTHER CHANGE IN ASSET OR FUND BALANCE EXCESS OF REVENUES OVER EXPENSES, OR NET MARGIN OF $20,000,000, IS ALLOCATED TO THE 11 MEMBER COOPERATIVES BASED ON SALES. THIS IS ONLY AN ALLOCATION OF PATRONAGE CAPITAL. NO ACTUAL PAYMENT IS MADE TO THE MEMBERS. THIS ALLOCATION OF PATRONAGE CAPITAL IS SHOWN AS A FUNCTIONAL EXPENSE IN PART IX, NUMBER 4, PER FORM 990 INSTRUCTIONS EFFECTIVE FOR 2019 REPORTING. COOPERATIVE ENERGY DOES NOT INCLUDE THIS ALLOCATION OF PATRONAGE CAPITAL AS AN EXPENSE FOR FINANCIAL REPORTING. DURING 2020, PATRONAGE CAPITAL AMOUNTING TO $10,000,000 WAS RETIRED.