2020-03-23T18:10:43-05:00 2019-12-31 640751580 WILSON & BIGGS PLLC PO BOX 930 RIDGELAND MS 39158 990 2019-01-01 640244325 SOUTHWEST MISSISSIPPI ELECTRIC POWER ASSOCIATION SOUT 6014373611 PO BOX 5 LORMAN MS 39096 KEVIN BONDS GENERAL MANAGER 6014373611 2020-03-19 true GEORGE M BIGGS JR P00912499 6019572001 2020-03-18 167.68.16.49 2020-03-23 18:10:43 CD P DB0FBEEF7EEEA80663D85D339B0F12A6D73025F3 2D426263845748513852DCBD2BD9A71A3091F1FA 2019 2020-09-23 17:36:50Z KEVIN BONDS PO BOX 5 LORMAN MS 39096 58965821 false X WWW.SOUTHWESTELECTRIC.COOP X 1937 MS MEMBER OWNED ELECTRIC COOPERATIVE. 10 10 104 0 0 59062027 57603597 180963 126219 1577010 1236005 60820000 58965821 0 2886132 1718166 464038 474644 0 0 57469830 56773011 60820000 58965821 0 114652761 118489613 57944161 61338828 56708600 57150785 MEMBER OWNED ELECTRIC COOPERATIVE. false false DISTRIBUTION OF ELECTRIC POWER TO 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 33 0 true 104 true false false false false false 57007824 1362224 false false false X 10 10 false false false false true true true true true false false true true true true true true true false false X VIRGIL SCOTT 8002878564 18671 HIGHWAY 61 SOUTH LORMAN MS 39090 KEVIN BONDS GENERAL MANA 40.00 X 209644 0 51882 DARRYL HASSELL MGR OF ENGIN 40.00 X 122223 0 39156 KEVIN COTTEN MGR. OF OPER 40.00 X 109615 0 37667 ERNIE ORCUTT SERVICEMAN 40.00 X 121756 0 23494 KEVIN BRITT SERVICEMAN 40.00 X 109518 0 31249 JACKIE DOTSON CREW FOREMAN 40.00 X 108599 0 28325 VIRGIL SCOTT CFO 40.00 X 103617 0 23588 STANLEY RUCKER DIRECTOR 5.00 X 14400 0 286 JAMES A VENTRESS DIRECTOR 4.00 X 8100 0 2862 BILLY K SMITH PRESIDENT 4.00 X X 9300 0 262 RANDY WOOLEY VICE PRESIDE 4.00 X X 8400 0 336 CALLIE JOHNSON DIRECTOR 3.00 X 7800 0 336 BETSY MOSBY DIRECTOR 3.00 X 7800 0 336 JAMES P MULLINS DIRECTOR 3.00 X 6900 0 384 JOHN BRADY SECRETARTY/T 3.00 X X 6900 0 336 BURNELL NEWSOME-DECEASED DIRECTOR 3.00 X 5700 0 138 ROBERT JONES DIRECTOR 3.00 X 4500 0 252 FRANK WILSON-DECEASED SECRETARY/ T 3.00 X X 500 0 85 965272 240974 8 false true false DELTA TREE SERVICE 5717 MEDGAR EVERS BLVD JACKSON MS 39213 RIGHT OF WAY 2970018 ASPLUNDH TREE EXPERT CO PO BOX 825124 PHILADELPHIA PA 19182 RIGHT OF WAY 1631546 MDR CONTRACTORS INC 621 EAST BAYLIS CHAPEL RD COLUMBIA MS 39429 CONTRUCTION 893563 KILLEN CONTRACTORS INC PO BOX 786 BRANDON MS 39042 CONSTRUCTION 743683 PROGRESSIVE SOLUTIONS LLC PO BOX 1130 MARSHALL AR 72650 RIGHT OF WAY 240473 5 OPERATING REVENUES-MEMBER 57007824 57007824 QUALIFIED POLE RENTAL INCOME 595773 595773 57603597 126219 126219 PATRONAGE CAPITAL 1235951 1235951 OTHER MEMBER INCOME 54 54 1236005 58965821 58243829 721992 1718166 474644 20600 23518 10853 130521 14744 77886 2162749 3258187 COST OF POWER 37550311 DISTRIBUTION - MAINTENANC 8570123 DISTRIBUTION - OPERATIONS 2452768 CONSUMER ACCOUNTS 1447946 1052805 58965821 0 0 0 1801634 1564733 3740956 3395874 1247552 785564 2222653 1633624 119956016 36177725 78738304 83778291 26901662 27331527 114652761 118489613 8660057 7614037 45837320 51046807 3446784 2677984 57944161 61338828 X 102080 101460 56606520 57049325 56708600 57150785 114652761 118489613 X 0 442185 X false true X true false 119956016 36177725 83778291 83778291 PATRONAGE CAPITAL 24146087 UNBILLED REVENUE 1980460 DEFERRED CHARGES 1162627 REDLEG NOTES RECEIVABLE 27407 INTEREST RECEIVABLE 14946 27331527 UNFUNDED DEFINED BENEFIT PLAN OBL. 2677984 2677984 X 58965821 58965821 58965821 57247655 57247655 1718166 1718166 58965821 SCHEDULE D, PAGE 3, PART X - SWMEPA 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 THE ASSOCIATION 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 THE ASSOCIATION 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, THE ASSOCIATION'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 TO MEMBERS 1,718,166 X false false false KEVIN BONDS GENERAL MANAGER 209644 30578 21304 261526 DARRYL HASSELL MGR OF ENGINEER 122223 18700 20456 161379 FORM 990, PAGE 6, PART VI, LINE 6 YES FORM 990, PAGE 6, PART VI, LINE 7A BOARD IS ELECTED BY MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7B MEMBERS RATIFY THE ACTIONS OF THE BOARD OF DIRECTORS AT THE ANNUAL MEETING EACH YEAR. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED BY THE GENERAL MANAGER AND MANAGER OF ACCOUNTING/FINANCE PRIOR TO FILING. A FULL COPY OF THE 990 IS PRESENTED TO THE BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C ANNUALLY THE BOARD IS ASKED TO DISCLOSE INTERESTS THAT MIGHT GIVE RISE TO CONFLICTS. A FORM IS GIVEN TO EACH BOARD MEMBER TO FACILITATE THIS PROCESS AND DOCUMENT CONFLICTS, IF ANY. FORM 990, PAGE 6, PART VI, LINE 15A APPROVED BY BOARD OF DIRECTORS ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAIALBLE TO MEMBERS UPON REQUEST. FORM 990, PART XI PART IX , LINE 4- AMOUNTS ENTERED REPRESENT CAPITAL CREDITS ALLOCATED TO MEMBERS FOR 2018, NOT CAPITAL CREDITS RETIRED. THE ACTUAL RETIREMENT AMOUNT WAS 1,476,232. PART IX, SALARIES, BENEFITS, AND PAYROLL TAXES- THE ORGANIZATION IS REQUIRED TO FOLLOW REGULATED ACCOUNTING PROCEDURES PRESCRIBED BY THE RURAL UTILITIES SERVICES. COMPENSATION IS ALLOCATED TO PLANT AND EXPENSES. COMPENSATION FOR OFFICERS AND HCE'S HAVE BEEN PRESENTED. ALL OTHER COMPENSATION HAS BEEN PRESENTED IN CATEGORIES WHERE IT WAS ALLOCATED UNDER THE ABOVE REGULATIONS. FORM 990, PART XI, LINE 9 AMORTIZATION OF ACTUARIAL LOSS 17,512 UNCLAIMED CAPITAL CREDITS 489,961 CAPITAL CREDIT DISCOUNTS 130,262 AMORTIZATION-PRIOR SERVICE COST 33,600 CAPITAL CREDITS ALLOCATED 1,718,166 DECRESE IN MEMBERSHIPS -620 ACTUARIAL GAIN ARISING DURING YEAR -148,439 CAPITAL CREDITS RETIRED -1,798,257 TOTAL 442,185