2021-11-11T13:43:03-06:00 2020-12-31 621646291 NEAL SCOUTEN & MCCONNELL PC SUITE 1440 REPUBLIC CENTRE CHATTANOOGA TN 374501440 990 2020-01-01 620468356 TENNESSEE VALLEY PUBLIC POWER ASSOC INC TENN 4237566511 P O BOX 6189 CHATTANOOGA TN 374016189 DOUGLAS J PETERS PRESIDENT / CHIEF EXECUTIVE OFFICER 4237566511 2021-11-10 1 DOUGLAS PETERS XXX-XX-XXXX GLORIA S MCCONNELL P00109539 4232674400 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DOUGLAS J PETERS P O BOX 6189 CHATTANOOGA TN 374016189 9494148 0 X TVPPA.COM X 1950 TN REPRESENT MEMBER INTERESTS, PROMOTE EFFICIENCY AND PROFESSIONAL DEVELOPMENT FOR EMPLOYEES 18 18 26 0 1860497 0 0 0 7191912 4782344 190536 173965 3730026 3924953 11112474 8881262 0 0 0 0 3560737 3779446 0 0 0 4928713 3263877 8489450 7043323 2623024 1837939 32969674 35949250 1857944 2163189 31111730 33786061 X THE PURPOSE OF THE ASSOCIATION IS TO REPRESENT THE COMMON INTERESTS OF ITS MEMBERS TO TVA, TO PROMOTE THE COMMON INTERESTS AND EFFICIENCIES OF ITS MEMBERS AND TO PROMOTE THE PROFESSIONAL DEVELOPMENT OF ITS MEMBERS' EMPLOYEES. 0 0 FUNCTIONAL EXPENSES HAVE BEEN ALLOCATED BETWEEN PROGRAM SERVICES AND SUPPORTING SERVICES BASED ON MANAGEMENT'S ANALYSIS OF REVENUES, PERSONNEL TIME, AND SPACE UTILIZED. THE SEPARATE COSTS AND EXPENSES FOR SERVICES PROVIDED TO MANAGE RELATED ENTITIES IS ALLOCATED TO THOSE ENTITIES. WITH THAT UNDERSTANDING THE PRINCIPAL, OR PRIMARY, PROGRAM SERVICE IS TO PROVIDE, THROUGH BOTH TVPPA PERSONNEL AND VOLUNTEER EFFORTS OF MUNICIPAL AND COOPERATIVE ELECTRIC SYSTEM MANAGERS WITH TVPPA STAFF SUPPORT, THE FOLLOWING: CONSULTATION, ADVICE, AND REPRESENTATION THROUGH EXPERT PROFESSIONAL ASSISTANCE TO THE ASSOCIATION'S MEMBERS IN THEIR ONGOING RELATIONSHIPS WITH TVA WITH REPECT TO TERMS AND CONDITIONS OF CONTRACTS, RATES, CONSERVATION PROGRAMS, AND OTHER MATTERS TO AID AND FACILITATE THE MUNICIPAL AND COOPERATIVE ELECTRIC MEMBER UTILITIES IN ACHIEVING THEIR OBJECTIVE TO SELL ELECTRIC ENERGY AND POWER TO THE ULTIMATE CONSUMER RATEPAYER AT THE LOWEST FEASIBLE RATE. A SECOND MAJOR ORGANIZATION MEMBER PROGRAM IS THE OFFERING OF EDUCATIONAL AND PROFESSIONAL DEVELOPMENT, TRAINING AND INSTRUCTION TO ADVANCE THE PROFESSIONAL DEVELOPMENT OF EMPLOYEES OF THE ASSOCIATION'S MEMBERS AND OTHERS IN THE INDUSTRY WHOSE OCCUPATIONAL RESPONSIBILITIES ARE IN DISCIPLINES SUCH AS ENGINEERING, OPERATIONS, FINANCE, ACCOUNTING, HUMAN RESOURCES AND MANAGEMENT SERVICES. A THIRD AREA OF THE ASSOCIATION'S PRIMARY ACTIVITIES IS COMMUNICATION, IN BOTH WRITTEN AND ELECTRONIC FORM, AS WELL AS IN THE MEDIA, WITH ITS MEMBERS AND THEIR KEY STAFF, PUBLIC OFFICIALS, POLICYMAKERS AND THE GENERAL PUBLIC WITH REGARD TO THE ACTIVITIES OF MUNICIPAL COOPERATIVE ELECTRIC SYSTEMS IN THE TVA REGION, DEVELOPMENT OF NATIONAL INTEREST AFFECTING THE OPERATIONS OF MUNICIPAL AND COOPERATIVE NONPROFIT ELECTRIC SYSTEMS, TECHNICAL ADVANCES, AND PUBLIC POLICY DEVELOPMENTS AFFECTING THE ELECTRIC ENERGY INDUSTRY, PARTICULARLY IN THE TVA REGION. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 1 58 0 26 1 1 1 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 X X AMANDA HAMMOCK 4237566511 1206 BROAD STREET CHATTANOOGA TN 37402 DAVID WADE CHAIRMAN 3.00 X X 0 0 0 JEFF NEWMAN VICE-CHAIRMAN 2.00 X X 0 0 0 LARRY KERNEA SECRETARY/TREASURER 3.00 X X 0 0 0 GREG WILLIAMS DIRECTOR 2.00 X 0 0 0 KATHRYN WEST DIRECTOR/EXEC COMM 2.00 X 0 0 0 CHRIS JONES DIRECTOR/EXEC COMM 2.50 X 0 0 0 KEITH CARNAHAN VICE-CHAIRMAN 2.00 X 0 0 0 KENNY BAIRD DIRECTOR 1.00 X 0 0 0 BRIAN SKELTON DIRECTOR 1.00 X 0 0 0 JOE THACKER DIRECTOR 1.00 X 0 0 0 DAVID SMART DIRECTOR 1.00 X 0 0 0 ELDEN CHUMLEY DIRECTOR 1.00 X 0 0 0 TODD GALE DIRECTOR/EXEC COMM 2.00 X 0 0 0 RONNY ROWLAND DIRECTOR 1.00 X 0 0 0 JASON GRIGGS DIRECTOR 1.00 X 0 0 0 WES KELLEY CHAIRMAN 4.00 X 0 0 0 JEFF HURD DIRECTOR 1.00 X 0 0 0 GEORGE KITCHENS DIRECTOR 1.00 X 0 0 0 MARK IVERSON DIRECTOR 1.00 X 0 0 0 DAVID CROSS DIRECTOR 1.00 X 0 0 0 JAMES SANDLIN DIRECTOR 1.00 X 0 0 0 DOUGLAS J PETERS PRESIDENT/CEO 50.00 X 290170 0 89976 DANETTE G SCUDDER VICE-PRESIDENT 40.00 X 205109 0 76881 BETSY KIRK MCCALL VICE-PRESIDENT 40.00 X 206430 0 70513 JAMES L SHEFFIELD VICE-PRESIDENT 40.00 X 156652 0 59086 CLINT WILSON VICE-PRESIDENT 40.00 X 156337 0 64900 NATHALIE H STRICKLAND VICE-PRESIDENT 40.00 X 146145 0 62460 KIM CULPEPPER EDUCATION & TRAINING DIREC 40.00 X 114726 0 49359 BAVARIA A HAMMOCK DIRECTOR, ACCOUNTING & FIN 40.00 X 146970 0 62873 BERNADETTE MARTIN DIRECTOR, HUMAN RESOURCES 40.00 X 123536 0 41808 STEPHEN W NOE DIRECTOR, STRATEGIC ENERGY 40.00 X 121602 0 51612 BRADLEY L RAINS DIRECTOR, DER DEPLOYMENTS 40.00 X 117597 0 39210 JACKIE SIMMONS FORMER PRESIDENT 0.00 X 147879 0 0 1933153 0 668678 12 1 1 0 MEGUIRE WHITNEY 525 2ND ST NE WASHINGTON DC 20002 FEDERAL LEGISLATIVE SERVICES 150000 MILLER & MARTIN PLLC 832 GEORGIA AVENUE CHATTANOOGA TN 37402 LEGAL SERVICES 139528 SP SAFETY SPECS LLC 3209 EDGEWORTH LANE MEMPHIS TN 38119 SAFETY CONSULTANT SERVICES 103392 3 EDUCATION & TRAINING 541900 2417024 2417024 MEMBER DUES/ASSESSMENT 900099 1442593 1442593 CONSULTING FEES 541610 318867 318867 FEES - GOVT AGENCIES 900099 266715 266715 ANNUAL/SECTIONAL CONF 541900 209076 209076 128069 8684 119385 4782344 125930 125930 36247 7907 28340 28340 28340 653014 604979 48035 48035 48035 NET INCOME-SUBSIDIARY 900099 2474368 2474368 MANAGEMENT FEES 541610 1380000 1380000 ADVERTISING 541800 42245 42245 3896613 8881262 6390704 1860497 630061 1781401 773034 573491 478895 172625 63637 8512 62184 255848 14909 50408 59514 13750 254544 49031 127055 TRAINING AND EDUCATION 1836924 RESEARCH & DEVELOPMENT 142497 PROGRAM ADMIN ALLOWANCE 119385 COMMUNICATIONS 93775 111904 7043323 189837 248567 3712271 3771610 993844 597427 46804 39249 3279624 1660369 1631563 1619255 3784891 4075920 22610464 25597222 32969674 35949250 659095 865871 1055709 727213 143140 570105 1857944 2163189 X 31111730 33786061 31111730 33786061 32969674 35949250 1837939 836392 0 X X 0 1 X 1 0 1 0 0 SCHEDULE C, PART III-A, LINE 1 THE NON-DEDUCTIBILITY OR DEDUCTIBILITY IS NOT MATERIAL BECAUSE MEMBERS OF TVPPA ARE MUNICIPALITIES AND RURAL ELECTRIC COOPERATIVES THAT ARE NOT TAXABLE ENTITIES. 200000 200000 1985910 887050 1098860 1076823 773319 303504 16891 16891 1619255 INVESTMENT IN SUBSIDIARY 25597222 C 25597222 PAYROLL PROTECTION PROGRAM LOAN PAYABLE 570105 570105 6730896 324002 324002 6406894 2474368 2474368 8881262 7043323 0 7043323 0 7043323 PART XI, LINE 4B - OTHER ADJUSTMENTS: NET INCOME OF SUBSIDIARY 2,474,368. X X X 0 0 0 DOUGLAS J PETERS PRESIDENT/CEO 282280 0 0 0 7890 0 67939 0 22037 0 380146 0 0 0 DANETTE G SCUDDER VICE-PRESIDENT 205109 0 0 0 0 0 49418 0 27463 0 281990 0 0 0 BETSY KIRK MCCALL VICE-PRESIDENT 206370 0 0 0 60 0 49433 0 21080 0 276943 0 0 0 CLINT WILSON VICE-PRESIDENT 156157 0 0 0 180 0 37437 0 27463 0 221237 0 0 0 JAMES L SHEFFIELD VICE-PRESIDENT 154804 0 0 0 1848 0 37070 0 22016 0 215738 0 0 0 BAVARIA A HAMMOCK DIRECTOR, ACCOUNTING & FIN 146610 0 0 0 360 0 35410 0 27463 0 209843 0 0 0 NATHALIE H STRICKLAND VICE-PRESIDENT 146145 0 0 0 0 0 34997 0 27463 0 208605 0 0 0 STEPHEN W NOE DIRECTOR, STRATEGIC ENERGY 121602 0 0 0 0 0 29575 0 22037 0 173214 0 0 0 BERNADETTE MARTIN DIRECTOR, HUMAN RESOURCES 123536 0 0 0 0 0 29822 0 11986 0 165344 0 0 0 KIM CULPEPPER EDUCATION & TRAINING DIREC 113842 0 0 0 884 0 27322 0 22037 0 164085 0 0 0 BRADLEY L RAINS DIRECTOR, DER DEPLOYMENTS 114597 0 3000 0 0 0 28160 0 11050 0 156807 0 0 0 JACKIE SIMMONS FORMER PRESIDENT 0 0 0 0 147879 0 0 0 0 0 147879 0 0 0 DOUGLAS J PETERS SERVES AS THE CEO OF TVPPA AND DISTRIBUTORS INSURANCE CORPORATION 360000 MANAGEMENT AGREEMENT - AMOUNTS FROM THE MANAGEMENT CONTRACT ARE RECEIVED BY TVPPA AND ARE NOT REMITTED TO DOUGLAS J. PETERS IN ANY FORM. 0 DOUGLAS J PETERS SERVES AS THE CEO OF TVPPA AND SEVEN STATES POWER CORPORATION 1020000 MANAGEMENT AGREEMENT - AMOUNTS FROM THE MANAGEMENT CONTRACT ARE RECEIVED BY TVPPA AND ARE NOT REMITTED TO DOUGLAS J. PETERS IN ANY FORM. 0 FORM 990, PART VI, SECTION A, LINE 6 TVPPA IS ORGANIZED AS A NONPROFIT MUTUAL BENEFIT CORPORATION WITH MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF TVPPA ELECT THE MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B ACCORDING TO THE TVPPA BYLAWS, APPROVAL IS REQUIRED BY THE MEMBERS FOR CERTAIN DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 WAS PROVIDED TO MEMBERS OF MANAGEMENT FOR REVIEW. AFTER MANAGEMENT REVIEW AND APPROVAL FOR FILING, A COPY OF THE FINALIZED FORM 990 WAS MAILED TO EACH MEMBER OF THE BOARD BEFORE THE RETURN WAS FILED WITH THE IRS. THE MEMBERS OF THE BOARD WERE INVITED TO CONTACT TVPPA MANAGEMENT WITH COMMENTS OR QUESTIONS PERTAINING TO THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C TVPPA'S ETHICS AND CONFLICT OF INTEREST POLICY IS REVIEWED AT LEAST ANNUALLY WITH MEMBERS OF THE TVPPA BOARD OF DIRECTORS, OFFICERS AND KEY PERSONS, ALL OF WHOM ARE REQUIRED TO UPDATE NO LESS THAN ANNUALLY THEIR CONFLICT OF INTEREST DISCLOSURE STATEMENTS. TVPPA'S GENERAL COUNSEL REVIEWS THE POLICY AND ITS IMPLICATIONS ANNUALLY WITH DIRECTORS, OFFICERS, AND KEY PERSONS. THERE IS A PROCESS FOR CONSULTATION AND DECISIONS FOR INTERPRETING APPLICATION OF THE POLICY TO SPECIFIC OR HYPOTHETICAL CIRCUMSTANCES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS USED WAS THAT COMPARABLE DATA WAS PRESENTED BY THE BOARD CHAIRMAN TO THE EXECUTIVE COMMITTEE WHICH REVIEWS AND ESTABLISHES THE CEO'S COMPENSATION. ALSO, WITHIN THE KNOWLEDGE OF TVPPA EXECUTIVE COMMITTEE MEMBERS WAS INFORMATION OF WHICH THEY WERE ALREADY AWARE REGARDING COMPENSATION PAID TO THE CEOS OF MUNICIPAL OR COOPERATIVE STATE-WIDE ORGANIZATIONS IN WHICH THEIR SYSTEMS WERE MEMBERS AND ON WHOSE GOVERNING BOARDS OR COMMITTEES THEY SERVE WHICH MAKES AVAILABLE COMPENSATION ARRANGEMENTS WITH THEIR CEO. THE COMPENSATION OF ALL OTHER EMPLOYEES OF TVPPA IS ESTABLISHED BY THE CEO BASED UPON ASSOCIATION INDUSTRY PREVAILING SALARIES AND BENEFITS, PREVAILING AREA AND REGIONAL MARKET SALARIES, AND OTHER INFORMATION DEEMED RELEVANT BY THE CEO, AND SUBJECT TO OVERALL BUDGET APPROVAL BY THE TVPPA BOARD OF DIRECTORS. THE BOARD HAS PLACED A WRITTEN COMPENSATION PLAN IN EFFECT FOR ANNUAL INDEPENDENT REVIEWS OF EXECUTIVE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS OPEN TO PUBLIC INSPECTION UPON REQUEST AND CAN ALSO BE VIEWED ON ANOTHER'S WEBSITE. FORM 990, PART VI, SECTION C, LINE 19 TVPPA'S CHARTER AND CERTAIN REPORTS ARE AVAILABLE FOR PUBLIC INSPECTION IN THE OFFICE OF THE TENESSEE SECRETARY OF STATE. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC BECAUSE FEDERAL TAX LAW DOES NOT REQUIRE SUCH DOCUMENTS TO BE MADE PUBLICLY AVAILABLE. SEC 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION TENNESSEE VALLEY PUBLIC POWER ASSOC. INC P.O. BOX 6189 CHATTANOOGA, TN 37401-6189 EMPLOYER IDENTIFICATION NUMBER: 62-0468356 FOR THE YEAR ENDING DECEMBER 31, 2020 TENNESSEE VALLEY PUBLIC POWER ASSOC. INC IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). FORM 990, PART XII, LINE 2C: THE PROCESS FOR THE OVERSIGHT OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR. SEVEN STATES SOUTHAVEN LLC 1206 BROAD STREET CHATTANOOGA TN 37402 260618114 POWER GENERATION - SEE STATEMENT ON PART VII DE SEE STATEMENT ON PART VII DISTRIBUTORS INSURANCE COMPANY 1206 BROAD STREET CHATTANOOGA TN 37402 621167206 PROVIDES VARIOUS INSURANCE COVERAGES TO TVPPA MEMBERS TN C 2474368 42014008 1.00000 0 SEVEN STATES POWER CORPORATION 1206 BROAD STREET CHATTANOOGA TN 37402 260618114 ELECTRIC POWER GENERATION AND TRANSMISSION TN N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 DISTRIBUTORS INSURANCE COMPANY M 272997 TOTAL OF INSURANCE PREMIUMS PAID DISTRIBUTORS INSURANCE COMPANY Q 360000 ACTUAL VALUE OF RECORDED REVENUE SEVEN STATES POWER CORPORATION Q 1020000 ACTUAL VALUE OF RECORDED REVENUE SCHEDULE R, PART I TVPPA DOES NOT HAVE A DIRECT CONTROLLING INTEREST, SHARE OF INCOME OR SHARE OF END-OF-YEAR ASSETS IN SEVEN STATES SOUTHAVEN, LLC. THE MEMBERS OF SEVEN STATES SOUTHAVEN, LLC ARE MEMBERS OF SENIOR MANAGEMENT OF TVPPA. IN THE INTEREST OF FULL DISCLOSURE, SEVEN STATES SOUTHAVEN, LLC IS LISTED ON SCHEDULE R.