2020-03-19T13:35:47-05:00 2019-12-31 640751580 WILSON & BIGGS PLLC PO BOX 930 RIDGELAND MS 39158 990 2019-01-01 640256623 TWIN COUNTY ELECTRIC POWER ASSOCIATION TWIN 6628272262 PO BOX 158 HOLLANDALE MS 38748 JOHN B REED PRESIDENT 6628272262 2020-03-12 true GEORGE M BIGGS JR P00912499 6019572001 2020-03-17 167.68.16.49 2020-03-19 13:35:47 CD P DB0FBEEF7EEEA80663D85D339B0F12A6D73025F3 2D426263845748513852DCBD2BD9A71A3091F1FA 2019 2020-09-23 17:36:50Z JOHN B REED 900 EAST AVENUE NORTH HOLLANDALE MS 38748 29551354 false X HTTP://WWW.TWINCOEPA.COM/ X 1938 MS TO PROVIDE THE MOST RELIABLE ELECTRIC SERVICE AT THE LEAST COST POSSIBLE. 9 9 69 0 0 31056882 28886997 96997 106231 718383 558126 31872262 29551354 0 3468944 1884540 222450 257242 0 0 28180868 27409572 31872262 29551354 0 73228544 73028786 31423064 31905197 41805480 41123589 TO PROVIDE THE MOST RELIABLE ELECTRIC SERVICE AT THE LEAST COST POSSIBLE. false false PROVIDED ELECTRICAL SERVICE TO IT MEMBERS. false false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 41 0 true 69 true false false false false false 28591983 664357 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false X JOEL B CUNNINGHAM 6628272262 PO BOX 158 HOLLANDALE MS 38748 KENNETH WOLFORD MNGR. OF ENG 40.00 X 143581 0 43693 TIM W PERKINS GENERAL MGR- 40.00 X 139130 0 39512 WALTER M TRAWICK PURCHASING A 40.00 X 128448 0 40319 THOMAS PRICE BRANCH MANAG 40.00 X 117352 0 46829 MARCUS L ROSS BRANCH MANAG 40.00 X 120997 0 42450 TERRY E NEWTON SUPT. OPER./ 40.00 X 115441 0 42259 JOHN B REED PRESIDENT 4.39 X X 15600 0 0 BILLY GEORGE JANOUS SECRETARY/DI 4.89 X X 14400 0 0 JAMES T BRUTON DIRECTOR 3.12 X 7800 0 0 NEILL NICHOLS DIRECTOR 2.47 X 7800 0 0 JOEL B CUNNINGHAM VICE PRESIDE 4.85 X X 7200 0 0 MERLIN S RICHARDSON DIRECTOR 4.65 X 7200 0 0 BRYAN E THOMAS DIRECTOR 4.01 X 7200 0 0 TIMOTHY A CLEMENTS DIRECTOR 3.07 X 6600 0 0 JAMIE MURRELL DIRECTOR 2.83 X 4200 0 0 JAMES R CARTER-RESIGNED IN 2019 DIRECTOR 0.50 X 600 0 0 843549 255062 8 false true false TOTEN TREE SERVICE INC 2316 OLD LELAND ROAD GREENVILLE MS 38701 RIGHT OF WAY MA 919286 MDR CONSTRUCTION INC 621 EAST BAYLIS CHAPEL ROAD COLUMBIA MS 39429 CONTRUCTION 205183 OSMOSE UTILITIES SERVES PO BOX 8000 BUFFALO NY 14267 POLE TREATMENT 149353 NANCY R SMITH PO BOX 240 GLEN ALLAN MS 38744 CONSUMER ACCOUN 117458 4 OPERATING REVENUES 28591983 28591983 POLE RENTAL 295014 295014 28886997 106231 106231 PATRONAGE CAPITAL 549970 549970 NON OPERATING INCOME 8156 8156 558126 29551354 29150109 401245 1884540 257242 130080 18369 52715 165963 64096 1106929 3152851 COST OF POWER 15328372 DISTRIBUTION OPERATIONS 2212590 DISTRIBUTION MAINTENANCE 2158816 ADMINISTRATIVE AND GENERA 1804829 1213962 29551354 0 0 0 4282777 4239899 200000 200000 1610016 1686044 1720944 1670641 200690 24570 98972410 49903938 50107846 49068472 15106271 16139160 73228544 73028786 2206004 1885339 27255829 26569428 1961231 3450430 31423064 31905197 X 214499 212889 1874090 2588058 39716891 38322642 41805480 41123589 73228544 73028786 X 0 -681891 X false true X true false 98972410 49903938 49068472 49068472 PATRONAGE CAPITAL-OTHER ORGS 14261099 UNBILLED REVENUE 1178854 DEFERRED CHARGES 690648 INTEREST RECEIVABLE 8559 16139160 DEFERRED CREDITS 1477603 CUSTOMER DEPOSITS 1215460 POST-RETIRMENT BENEFIT OBLIGATION 757367 3450430 X 29551354 29551354 29551354 27666814 27666814 1884540 1884540 29551354 SCHEDULE D, PAGE 3, PART X TCEPA IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND IS ALSO EXEMPT FROM STATE INCOME TAX. ACCOUNTING RULES PRESCRIBE WHEN TO RECOGNIZE AND HOW TO MEASURE THE FINANCIAL STATEMENT EFFECT, IF ANY, OF INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON INCOME TAX RETURNS INCLUDING THE POSITION THAT TCEPA WILL CONTINUE TO QUALIFY AS A TAX EXEMPT ORGANIZATION. MANAGEMENT EVALUATES THE LIKELIHOOD THAT, UPON EXAMINATION BY RELEVANT TAXING JURISDICTIONS, THOSE INCOME TAX POSITIONS WOULD BE SUSTAINED. BASED ON THAT EVALUATION, IF IT WERE MORE THAN 50% PROBABLE THAT A MATERIAL AMOUNT OF INCOME TAX WOULD BE IMPOSED ON TCEPA UPON EXAMINATION BY THE RELEVANT TAXING AUTHORITIES, A LIABILITY WOULD BE RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION ALONG WITH ANY INTEREST AND PENALTIES THAT WOULD RESULT FROM THAT ASSESSMENT. SHOULD ANY PENALTIES AND INTEREST BE INCURRED, TCEPA'S POLICY WOULD BE TO RECOGNIZE THEM AS OPERATING EXPENSES. BASED ON MANAGEMENT'S EVALUATION, NO LIABILITIES OR PENALTIES AND INTEREST WERE REQUIRED TO BE RECORDED FOR UNCERTAIN TAX POSITIONS. YEARS THAT REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE STATE OF MISSISSIPPI AS OF DECEMBER 31, 2019 WERE 2016 - 2019. SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL ALLOCATED 1,884,540 X true true X false false false KENNETH WOLFORD MNGR. OF ENGINEERING 143581 29931 13762 187274 TIM W PERKINS GENERAL MGR-CURRENT 139130 28723 10789 178642 WALTER M TRAWICK PURCHASING AGENT 128448 26707 13612 168767 THOMAS PRICE BRANCH MANAGER 117352 28855 17974 164181 MARCUS L ROSS BRANCH MANAGER 120997 36314 6136 163447 TERRY E NEWTON SUPT. OPER./CONST. 115441 24295 17964 157700 SCHEDULE J, PART III 1(A) -TCEPA REIMBURSES THE REASONABLE COST FOR TRAVEL FOR COMPANIONS OF MEMBERS OF ITS BOARD OF DIRECTORS TO REGIONAL AND NATIONAL MEETINGS FOR THE CONVENIENCE OF ITS DIRECTORS. 3- TCEPA'S BOARD OF DIRECTORS ESTABLISHES THE COMPENSATION OF TWIN COUNTY'S GENERAL MANAGER CONSIDERING THE COMPENSATION PAID BY OTHER ELECTRIC POWER ASSOCIATIONS TO THEIR RESPECTIVE GENERAL MANAGERS. FORM 990 PART IX, LINE 4- AMOUNTS SHOWN AS PAID TO OR FOR MEMBERS REPRESENTS PATRONAGE CAPITAL ALLOCATED IN 2019. ACTUAL PATRONAGE CAPITAL RETIRED IN 2019 WAS 3,249,546. PART IX- SALARIES, BENEFITS, AND PAYROLL TAXES- THE ORGANIZATION IS REQUIRED TO FOLLOW REGULATORY ACCOUNTING PROCEDURES PRESCRIBED BY FASB ASC TOPIC 980. COMPENSATION IS ALLOCATED TO BOTH THE ELECTRIC PLANT AND VARIOUS EXPENSE ACCOUNTS. COMPENSATION FOR OFFICERS AND HCE'S HAS BEEN PRESENTED. ALL OTHER COMPENSATION HAS BEEN PRESENTED IN CATEGORIES WHERE IT WAS ALLOCATED FOR ACCOUNTING PURPOSES. FORM 990, PAGE 6, PART VI, LINE 6 THE ASSOCIATION'S CUSTOMERS ARE ITS MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A BOARD OF DIRECTORS IS ELECTED BY MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7B ARTICLE X OF THE ASSOCIATION'S BYLAWS PROVIDES THAT SPECIFIC TRANSACTIONS REQUIRE APPROVAL OF THE ASSOCIATION'S MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED IN DETAIL AND APPROVED BY THE TAX AND AUDIT COMMITTEE AND REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 12C ALL DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE INTEREST(S) THAT MIGHT GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF THE ASSOCIATION'S TOP MANAGEMENT EMPLOYEE. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF THE OFFICERS AND THE MANAGER. THE MANAGER DETERMINES THE COMPENSATION OF THE OTHER KEY EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 19 THE ASSOCIATION'S CHARTER IS AVAILABLE ON THE MISSISSIPPI SECRETARY OF STATE'S WEBSITE. THE ASSOCIATION'S BY-LAWS ARE MADE AVAILABLE TO NEW MEMBERS WHEN THEY APPLY FOR MEMBERSHIP IN THE ASSOCIATION , TO EXISTING MEMBERS UPON REQUEST AND ARE ALSO AVAILABLE ON THE ASSOCIATION'S WEBSITE. AN ANNUAL REPORT CONTAINING SUMMARY FINANCIAL STATEMENTS IS MAILED TO MEMBERS EACH YEAR AND IS ALSO AVAILABLE UPON REQUEST TO MEMBERS. THE ASSOCIATION MAKES ITS IRS FORM 990 AMD CONFLICT OF INTERESTS POLICY AVAILABLE TO MEMBERS UPON REQUEST. FORM 990, PART XI, LINE 9 ACTUARIAL LOSS-PRBO -9,523 PATRONAGE CAPITAL ALLOCATED 1,884,540 DECREASE IN MEMBERSHIPS -1,610 DONATED CAPITAL 713,968 RETIREMENT OF CAPITAL CREDITS -3,249,546 AMORTIZATION OF ACTUARIAL GAIN -19,720 TOTAL -681,891