2020-08-06T16:44:32-05:00 2019-12-31 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2019-01-01 640239641 Singing River Electric Cooperative SING 6019474211 11187 Old 63 South PO Box 767 Lucedale MS 39452 Brian Hughey General Manager & CEO 6019474211 2020-08-06 1 Patrick Cooper P00856177 3348347660 2020-08-06 142.154.130.164 2020-08-06 09:15:27 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2019 2020-09-23 17:36:50Z Brian Hughey 11187 Old 63 South PO Box 767 Lucedale MS 39452 161189737 0 X www.singingriver.com X 1938 MS To provide safe and reliable electric service at the lowest possible cost while promoting energy efficiency and enhancing the lives of the members and communities we serve. 10 10 198 0 0 0 0 0 163775628 157333636 1081126 1453619 2335246 2375914 167192000 161163169 18244 18656 11499756 6962696 1068175 928893 0 0 0 154605825 153252924 167192000 161163169 0 0 380038243 410560269 183961355 204874943 196076888 205685326 To provide safe and reliable electric service at the lowest possible cost while promoting energy efficiency and enhancing the lives of the members and communities we serve. 0 0 Singing River Electric Cooperative is an electric distribution cooperative that provided 74,779 services to its members in southeast Mississippi and southwest Alabama in 2019. Singing River Electric maintained distribution lines in Jackson, George, Greene, Harrison, Perry, Stone and Wayne counties in Mississippi as well as Mobile and Washington counties in Alabama. Utilizing its 7,474 miles of electric distribution lines, Singing River Electric sold 1,399,356,419 kilowatt hours of electric energy to its members. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 143 0 1 198 1 0 0 0 0 0 153514611 5287633 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Tammy Hultz 6019474211 11187 Old 63 South Lucedale MS 39452 Ronald Wilson Director 3.00 X 21010 0 0 Mark LaSalle Director 4.00 X 21310 0 0 Robert Steele Director 4.00 X 22656 0 0 Edward Thornton Director/Secretary 4.00 X 21910 0 0 Ralph Hicks Director 3.00 X 28757 0 0 Roy Grafe Director 4.00 X 21912 0 0 Howard Davis Director/President 5.00 X 24160 0 0 Cary Williams Director/Treasurer 4.00 X 31002 0 0 Travis Baxter Director/Vice President 3.00 X 29805 0 0 Kristal Sisson Director 4.00 X 30257 0 0 Brian K Hughey General Manager & CEO 60.00 X 237526 0 187716 Tammy Y Hultz Manager of Accounting & Fi 55.00 X 163051 0 87821 Grady R Williams Gautier District Manager 50.00 X 138263 0 97424 Annette K Riley Manager of Human Resources 50.00 X 125239 0 47755 James Chipley Serviceman 63.00 X 135907 0 92112 William T Davis Manager of Engineering 43.00 X 134322 0 139174 Oscar T Evans Serviceman 58.00 X 124560 0 58410 1311647 0 710412 33 0 1 0 Cambium Tree Care & Preservation Inc 7613 Bienville Boulevard Ocean Springs MS 39564 Right of Way Services 2660402 Treeline Services LLC 126 Strickland Road Lucedale MS 39452 Right of Way Services 2378357 Chain Electric 1308 1/2 W Pine Street Hattiesburg MS 39403 Construction Services 1969164 NISC P O Box 1147 Mandan ND 58554 Software Services 278940 Land & Water Solutions Inc PO Box 1933 Lucedale MS 39452 Earth Moving Services 269694 10 Sales of Electricity 221000 153514611 153514611 Patronage Capital 221000 3819025 3819025 157333636 1433513 1433513 2375086 0 2375086 2375086 2375086 44760 24654 20106 20106 20106 2742 1914 828 828 161163169 157334464 0 3828705 18656 6962696 928893 5402792 9611523 Cost of Power 111282051 Dist Exp-Maintenance 9686804 Admin & Gen Expenses 6925336 Consumer Accounts Exp 5673883 4670535 161163169 X 28971879 24146431 17953000 38395000 12051833 15845262 764223 612381 4168156 3941101 3433034 2794106 354965386 101889777 243412255 253075609 68867514 71466227 416349 284152 380038243 410560269 12394917 12786552 149185164 170299134 22381274 21789257 183961355 204874943 X 297385 299005 0 0 195779503 205386321 196076888 205685326 380038243 410560269 X 0 9608438 X X 0 1 X 1 0 2608882 2608882 352356504 101889777 250466727 253075609 Patronage Capital - Cooperative Energy 65034009 C Capital Term Certificates 2092929 C Other Investments in Associated Organizations 4339289 C 71466227 Accumulated post-retirement benefit obligation 14944961 Def compensation 284152 Current portion of FAS 106 maturities 794985 Customer deposits 5765159 21789257 X 161163169 0 161163169 0 161163169 154200473 0 154200473 6962696 6962696 161163169 Part X, Line 2: Income taxes - The Cooperative is exempt from income taxes under Internal Revenue Code Section 501(c)(12). Management has evaluated the Cooperative's tax positions and concluded that the Cooperative has taken no uncertain tax positions that require adjustment to the financial statements. Part XII, Line 4b - Other Adjustments: Margins assigned/assignable to members 6,962,696. X X X 0 0 0 Brian K Hughey General Manager & CEO 231735 0 0 0 5791 0 166479 0 21237 0 425242 0 0 0 Tammy Y Hultz Manager of Accounting & Fi 161128 0 0 0 1923 0 68130 0 19691 0 250872 0 0 0 Grady R Williams Gautier District Manager 136146 0 0 0 2117 0 89780 0 7644 0 235687 0 0 0 Annette K Riley Manager of Human Resources 123317 0 0 0 1922 0 29444 0 18311 0 172994 0 0 0 James Chipley Serviceman 135259 0 0 0 648 0 74327 0 17785 0 228019 0 0 0 William T Davis Manager of Engineering 132185 0 0 0 2137 0 119599 0 19575 0 273496 0 0 0 Oscar T Evans Serviceman 124258 0 0 0 302 0 41738 0 16672 0 182970 0 0 0 Form 990, Part VI, Section A, line 6 The Cooperative is a not-for-profit membership organization whose members have identical voting rights and are assigned margins in accordance with the organization's bylaws. Form 990, Part VI, Section A, line 7a The members of the Cooperative may elect one or more members of the governing body at the annual meeting. Form 990, Part VI, Section A, line 7b The business and affairs of the organization are managed by the Board of Directors which exercises all of the powers of the organization except such as are by law, or by the Certificate of Incorporation of the organization, or by the bylaws conferred upon or reserved to the members. The organization's bylaws include certain provisions in which a majority of the membership would need to approve such transactions. An example would be decisions to sell, lease, or otherwise dispose of more than ten percent of the organization's property. Form 990, Part VI, Section B, line 11b The Manager of Accounting & Finance and the General Manager & CEO reviewed a completed copy of the Form 990. The Form 990 was then presented to and reviewed with the board of directors at a board meeting prior to filing the form with the Internal Revenue Service. The presentation of the form to the directors is reflected in the board minutes. The General Manager & CEO then signed the e-file authorization form allowing the Form 990 to be electronically filed with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c The Cooperative has a board policy named the "Board of Directors and Officers Code of Ethics." The policy includes a certification of compliance, and each board member and officer signs the certificate annually to state they have read and fully understood the "Board of Directors and Officers Code of Ethics and recognize that he/she is subject to the code. Form 990, Part VI, Section B, line 15 The Cooperative has a board policy that is named the "General Manager and CEO Evaluation and Compensation." A committee from the Board of Directors completes an evaluation regarding the General Manager & CEO's performance. The compensation is compared to national, state, and regional compensation for other general managers of similar size to the Cooperative. The General Manager & CEO uses comparable compensation data when reviewing and evaluating the compensation of the other employees. Form 990, Part VI, Section C, line 19 The Cooperative allows the public to inspect a copy of the bylaws, financial statements, and conflict of interest policy at the main office. Information such as membership guide, rate schedules, and bylaws can also be found on www.singingriver.com. Form 990, Part X, Line 4 The instructions to the 2019 Form 990 indicate that organizations exempt under Section 501(c)(12) should report "patronage dividends paid" to their members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2019. Form 990, Part XI, line 9: Change in Memberships 1,620. Actuarial Loss -1,327,447. Retirement of Capital Credits -6,348,149. Capital Credits Unclaimed 2,573,076. Net Margins Assigned/Assignable to Members 6,962,696. Change in Accounting Principle 7,746,642. Form 990, Part XII, Line 2c The filing organization did not change its processes of oversight and selection for the year ended December 31, 2019.