TWIN COUNTY ELECTRIC POWER ASSN: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- TWIN COUNTY ELECTRIC POWER ASSN (EIN 64-0256623)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-03-21
- IRS object ID
- 201900809349301300
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-03-21T16:09:45-05:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 640751580 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILSON & BIGGS PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 930 | AddressLine1Txt |
| City | RIDGELAND | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 39158 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 640256623 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TWIN COUNTY ELECTRIC POWER | BusinessNameLine1Txt |
| Business Name Line2 | ASSOCIATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TWIN | BusinessNameControlTxt |
| Phone | 6628272262 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 158 | AddressLine1Txt |
| City | HOLLANDALE | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 38748 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN B REED | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6628272262 | PhoneNum |
| Signature | 2019-03-19 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GEORGE M BIGGS JR | PreparerPersonNm |
| PTIN | P00912499 | PTIN |
| Phone | 6019572001 | PhoneNum |
| Preparation | 2019-03-21 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 167.68.16.49 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-03-21 | IPDt |
| IP Tm | 16:09:45 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 6942DBE293EE23EAAFB65441E4C497608E5EF7E2 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 1618C365E138562C69B3FC7F55FA067C75EEB320 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOHN B REED | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 900 EAST AVENUE NORTH | AddressLine1Txt |
| City | HOLLANDALE | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 38748 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $31,872,262 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | HTTP://WWW.TWINCOEPA.COM/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | MS | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE THE MOST RELIABLE ELECTRIC SERVICE AT THE LEAST COST POSSIBLE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 69 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $29,467,453 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $31,056,882 | CYProgramServiceRevenueAmt |
| PY Investment Income | $61,422 | PYInvestmentIncomeAmt |
| CY Investment Income | $96,997 | CYInvestmentIncomeAmt |
| PY Other Revenue | $593,742 | PYOtherRevenueAmt |
| CY Other Revenue | $718,383 | CYOtherRevenueAmt |
| PY Total Revenue | $30,122,617 | PYTotalRevenueAmt |
| CY Total Revenue | $31,872,262 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $1,623,414 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $3,468,944 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $303,337 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $222,450 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $28,195,866 | PYOtherExpensesAmt |
| CY Other Expenses | $28,180,868 | CYOtherExpensesAmt |
| PY Total Expenses | $30,122,617 | PYTotalExpensesAmt |
| CY Total Expenses | $31,872,262 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $73,376,544 | TotalAssetsBOYAmt |
| Total Assets EOY | $73,228,544 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $33,516,749 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $31,423,064 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $39,859,795 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $41,805,480 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE THE MOST RELIABLE ELECTRIC SERVICE AT THE LEAST COST POSSIBLE. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | PROVIDED ELECTRICAL SERVICE TO IT MEMBERS. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 34 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 69 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $30,775,650 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $815,380 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (true) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TIM W PERKINS | PersonNm |
| Phone | 6628272262 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 900 EAST AVENUE NORTH | AddressLine1Txt |
| City | HOLLANDALE | CityNm |
| State Abbreviation | MS | StateAbbreviationCd |
| ZIP | 38748 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JOHN B REED | |||||||
| PRESIDENT | 1.60 | Yes (X) | Yes (X) | $12,200 | $0 | $0 | |
| BILLY GEORGE JANOUS | |||||||
| SECRETARY/DI | 2.98 | Yes (X) | Yes (X) | $11,700 | $0 | $0 | |
| JOEL B CUNNINGHAM | |||||||
| DIRECTOR | 2.62 | Yes (X) | $5,600 | $0 | $0 | ||
| TIMOTHY A CLEMENTS | |||||||
| DIRECTOR | 1.08 | Yes (X) | $5,600 | $0 | $0 | ||
| BRYAN E THOMAS | |||||||
| DIRECTOR | 2.73 | Yes (X) | $5,600 | $0 | $0 | ||
| MERLIN S RICHARDSON | |||||||
| DIRECTOR | 2.54 | Yes (X) | $5,600 | $0 | $0 | ||
| JAMES T BRUTON | |||||||
| DIRECTOR | 1.60 | Yes (X) | $5,600 | $0 | $0 | ||
| NEILL NICHOLS | |||||||
| DIRECTOR | 1.69 | Yes (X) | $5,600 | $0 | $0 | ||
| JAMES R CARTER | |||||||
| VICE PRESIDE | 0.97 | Yes (X) | Yes (X) | $5,000 | $0 | $0 | |
| TIM W PERKINS | |||||||
| GENERAL MGR- | 40.00 | Yes (X) | $124,605 | $0 | $35,345 | ||
| KENNETH WOLFORD | |||||||
| MNGR. OF ENG | 40.00 | $138,087 | $0 | $40,114 | Yes (X) | ||
| WALTER M TRAWICK | |||||||
| PURCHASING A | 40.00 | $122,305 | $0 | $37,067 | Yes (X) | ||
| MARCUS L ROSS | |||||||
| BRANCH MANAG | 40.00 | $117,422 | $0 | $29,591 | Yes (X) | ||
| DANIEL B COCHRAN | |||||||
| BRANCH MANAG | 40.00 | $113,015 | $0 | $28,668 | Yes (X) | ||
| THOMAS PRICE | |||||||
| BRANCH MANAG | 40.00 | $112,603 | $0 | $35,028 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $790,537 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $205,813 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 9 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| TOTEN TREE SERVICE INC | |||||
| 2316 OLD LELAND ROAD | GREENVILLE | MS | 38701 | RIGHT OF WAY MA | $859,798 |
| OSMOSE UTILITIES SERVES | |||||
| PO BOX 8000 | BUFFALO | NY | 14267 | POLE TREATMENT | $330,261 |
| MDR CONSTRUCTION INC | |||||
| 621 EAST BAYLIS CHAPEL ROAD | COLUMBIA | MS | 39429 | CONTRUCTION | $254,202 |
| PATTERSON DEWAR ENGINEERS | |||||
| PO BOX 2808 | NORCROSS | GA | 30091 | ENGINEERING | $149,822 |
| CAMPBELL DELONG LLP | |||||
| PO BOX 1856 | GREENVILLE | MS | 38702 | LEGAL | $123,145 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|
| OPERATING REVENUES | $30,775,650 | $30,775,650 | |
| POLE RENTAL | $281,232 | $281,232 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $31,056,882 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $96,997 | TotalRevenueColumnAmt |
| Exclusion | $96,997 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| PATRONAGE CAPITAL | $718,302 | $718,302 |
| NON OPERATING INCOME | $81 | $81 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $718,383 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $31,872,262 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $31,494,033 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $378,229 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,468,944 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $222,450 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $198,841 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,250 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,842 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $166,665 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,178 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,203,208 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,093,661 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $16,452,682 |
| DISTRIBUTION MAINTENANCE | $2,148,102 |
| DISTRIBUTION OPERATIONS | $1,790,979 |
| ADMINISTRATIVE AND GENERA | $1,761,044 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,314,416 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,872,262 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,582,803 | BOYAmt |
| EOY | $4,282,777 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $500,000 | BOYAmt |
| EOY | $200,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,601,290 | BOYAmt |
| EOY | $1,610,016 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,802,297 | BOYAmt |
| EOY | $1,720,944 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,074 | BOYAmt |
| EOY | $200,690 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $97,708,701 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $47,600,855 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,991,762 | BOYAmt |
| EOY | $50,107,846 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,879,318 | BOYAmt |
| EOY | $15,106,271 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,376,544 | BOYAmt |
| EOY | $73,228,544 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,439,881 | BOYAmt |
| EOY | $2,206,004 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,996,795 | BOYAmt |
| EOY | $27,255,829 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,080,073 | BOYAmt |
| EOY | $1,961,231 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,516,749 | BOYAmt |
| EOY | $31,423,064 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $215,046 | BOYAmt |
| EOY | $214,499 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,794,732 | BOYAmt |
| EOY | $1,874,090 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,850,017 | BOYAmt |
| EOY | $39,716,891 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,859,795 | BOYAmt |
| EOY | $41,805,480 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,376,544 | BOYAmt |
| EOY | $73,228,544 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $1,945,685 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $97,708,701 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $47,600,855 | DepreciationAmt |
| Book Value | $50,107,846 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $50,107,846 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| PATRONAGE CAPITAL-OTHER ORGS | $14,214,026 |
| DEFERRED CHARGES | $882,497 |
| INTEREST RECEIVABLE | $9,748 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $15,106,271 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| CUSTOMER DEPOSITS | $1,199,558 |
| POST-RETIRMENT BENEFIT OBLIGATION | $675,285 |
| DEFERRED CREDITS | $86,388 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,961,231 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $31,872,262 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $31,872,262 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $31,872,262 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $28,403,318 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $28,403,318 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $3,468,944 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,468,944 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $31,872,262 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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, 2018 WERE 2016 - 2018. |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | PATRONAGE CAPITAL ALLOCATED 3,468,944 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| TIM W PERKINS | ||||
| GENERAL MGR-CURRENT | $124,605 | $24,707 | $10,638 | $159,950 |
| KENNETH WOLFORD | ||||
| MNGR. OF ENGINEERING | $138,087 | $27,253 | $12,861 | $178,201 |
| WALTER M TRAWICK | ||||
| PURCHASING AGENT | $122,305 | $24,343 | $12,724 | $159,372 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 | PART IX, LINE 4- AMOUNTS SHOWN AS PAID TO OR FOR MEMBERS REPRESENTS PATRONAGE CAPITAL ALLOCATED IN 2018. ACTUAL PATRONAGE CAPITAL RETIRED IN 2018 WAS 1,791,537. 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 4 | THE ASSOCIATION'S BYLAWS RELATING TO ALTERNATIVE DISPUTE RESOLUTIONS WERE MODIFIED. |
| 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 ASSOCIATIONS TOP MANAGEMENT EMPLOYEE. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF OFFICERS AND 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 GAIN-PRBO 192,733 PATRONAGE CAPITAL ALLOCATED 3,468,944 DECREASE IN MEMBERSHIPS -547 DONATED CAPITAL 79,358 RETIREMENT OF CAPITAL CREDITS -1,791,537 AMORTIZATION OF ACTUARIAL GAIN -3,266 TOTAL 1,945,685 |