2019-03-21T16:09:45-05:00 2018-12-31 640751580 WILSON & BIGGS PLLC PO BOX 930 RIDGELAND MS 39158 990 2018-01-01 640256623 TWIN COUNTY ELECTRIC POWER ASSOCIATION TWIN 6628272262 PO BOX 158 HOLLANDALE MS 38748 JOHN B REED PRESIDENT 6628272262 2019-03-19 true GEORGE M BIGGS JR P00912499 6019572001 2019-03-21 167.68.16.49 2019-03-21 16:09:45 CD P 6942DBE293EE23EAAFB65441E4C497608E5EF7E2 1618C365E138562C69B3FC7F55FA067C75EEB320 2018 2019-02-21 02:37:17Z JOHN B REED 900 EAST AVENUE NORTH HOLLANDALE MS 38748 31872262 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 29467453 31056882 61422 96997 593742 718383 30122617 31872262 0 1623414 3468944 303337 222450 0 0 28195866 28180868 30122617 31872262 0 73376544 73228544 33516749 31423064 39859795 41805480 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 34 0 true 69 true false false false false false 30775650 815380 false false false X 9 9 false false true false true true true true true false false true true true true true true true true false X TIM W PERKINS 6628272262 900 EAST AVENUE NORTH HOLLANDALE MS 38748 JOHN B REED PRESIDENT 1.60 X X 12200 0 0 BILLY GEORGE JANOUS SECRETARY/DI 2.98 X X 11700 0 0 JOEL B CUNNINGHAM DIRECTOR 2.62 X 5600 0 0 TIMOTHY A CLEMENTS DIRECTOR 1.08 X 5600 0 0 BRYAN E THOMAS DIRECTOR 2.73 X 5600 0 0 MERLIN S RICHARDSON DIRECTOR 2.54 X 5600 0 0 JAMES T BRUTON DIRECTOR 1.60 X 5600 0 0 NEILL NICHOLS DIRECTOR 1.69 X 5600 0 0 JAMES R CARTER VICE PRESIDE 0.97 X X 5000 0 0 TIM W PERKINS GENERAL MGR- 40.00 X 124605 0 35345 KENNETH WOLFORD MNGR. OF ENG 40.00 X 138087 0 40114 WALTER M TRAWICK PURCHASING A 40.00 X 122305 0 37067 MARCUS L ROSS BRANCH MANAG 40.00 X 117422 0 29591 DANIEL B COCHRAN BRANCH MANAG 40.00 X 113015 0 28668 THOMAS PRICE BRANCH MANAG 40.00 X 112603 0 35028 790537 205813 9 false true false TOTEN TREE SERVICE INC 2316 OLD LELAND ROAD GREENVILLE MS 38701 RIGHT OF WAY MA 859798 OSMOSE UTILITIES SERVES PO BOX 8000 BUFFALO NY 14267 POLE TREATMENT 330261 MDR CONSTRUCTION INC 621 EAST BAYLIS CHAPEL ROAD COLUMBIA MS 39429 CONTRUCTION 254202 PATTERSON DEWAR ENGINEERS PO BOX 2808 NORCROSS GA 30091 ENGINEERING 149822 CAMPBELL DELONG LLP PO BOX 1856 GREENVILLE MS 38702 LEGAL 123145 6 OPERATING REVENUES 30775650 30775650 POLE RENTAL 281232 281232 31056882 96997 96997 PATRONAGE CAPITAL 718302 718302 NON OPERATING INCOME 81 81 718383 31872262 31494033 378229 X 3468944 222450 198841 17250 4842 166665 29178 1203208 3093661 COST OF POWER 16452682 DISTRIBUTION MAINTENANCE 2148102 DISTRIBUTION OPERATIONS 1790979 ADMINISTRATIVE AND GENERA 1761044 1314416 31872262 0 0 0 4582803 4282777 500000 200000 1601290 1610016 1802297 1720944 19074 200690 97708701 47600855 49991762 50107846 14879318 15106271 73376544 73228544 2439881 2206004 28996795 27255829 2080073 1961231 33516749 31423064 X 215046 214499 1794732 1874090 37850017 39716891 39859795 41805480 73376544 73228544 X 0 1945685 X false true X true false 97708701 47600855 50107846 50107846 PATRONAGE CAPITAL-OTHER ORGS 14214026 DEFERRED CHARGES 882497 INTEREST RECEIVABLE 9748 15106271 CUSTOMER DEPOSITS 1199558 POST-RETIRMENT BENEFIT OBLIGATION 675285 DEFERRED CREDITS 86388 1961231 X 31872262 31872262 31872262 28403318 28403318 3468944 3468944 31872262 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 X true true X false false false TIM W PERKINS GENERAL MGR-CURRENT 124605 24707 10638 159950 KENNETH WOLFORD MNGR. OF ENGINEERING 138087 27253 12861 178201 WALTER M TRAWICK PURCHASING AGENT 122305 24343 12724 159372 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