2018-11-13T12:10:31-06:00 2017-12-31 640751580 WILSON & BIGGS PLLC PO BOX 930 RIDGELAND MS 39158 990 2017-01-01 640195613 MAGNOLIA ELECTRIC POWER ASSOCIATION MAGN 6016844011 PO BOX 747 MCCOMB MS 39648 DARRELL SMITH GENERAL MANAGER 6016844011 2018-11-09 true GEORGE M BIGGS JR P00912499 6019572001 2018-11-13 167.68.16.49 2018-11-13 12:10:31 CS P 898C1895B8F201315E3AD013D20E33E4FB790411 6E8EC3EDC36FF2470D1B29C0F469CE90217A4D49 2017 2019-02-21 02:37:17Z DARRELL SMITH PO BOX 747 MCCOMB MS 39648 73203004 false X WWW.MAGNOLIAEPA.COM X 1938 MS MEMBER OWNED ELECTRIC COOPERATIVE. 9 9 105 0 0 75513418 70373574 845948 987971 1665182 1588042 78024548 72949587 0 6722599 1727129 560056 905633 0 0 70913630 70311891 78196285 72944653 -171737 4934 170292237 174262015 73708155 74445444 96584082 99816571 MEMBER OWNED ELECTRIC COOPERATIVE. false false PROVISION 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 19 0 105 true false false false false false 69547883 2571079 false X 9 9 true false false false true true true true true false false true true true true false false true false false X TONY NETTLES 6016844011 PO BOX 747 MCCOMB MS 39649 DENNIS WILSON VICE PRESIDE 11.00 X X 9950 0 2603 ODELL MCKENZIE DIRECTOR 11.00 X 9500 0 5907 BRUCE MCCAFFERY DIRECTOR 11.00 X 9250 0 5907 JERRY L SISCO DIRECTOR 10.00 X 9000 0 7938 SCOTT SMITH DIRECTOR 10.50 X 9000 0 0 JOHN L MCCABE SEC.-TREA. 8.50 X X 8700 0 5907 HOLLIS ALFORD PRESIDENT 8.50 X X 8600 0 0 CARL FULLER DIRECTOR 11.00 X 7750 0 7938 PAT ARD DIRECTOR 10.50 X 7650 0 0 DARRELL SMITH GENERAL MANA 60.00 X 291339 0 53425 TONY NETTLES MANAGER-ADMI 40.00 X 105388 0 22433 AARON ACHORD MANAGER-ENG 40.00 X 157540 0 34025 TERRY JACKSON LINEMAN 40.00 X 103886 0 21997 737553 168080 4 false true false KINCO LLC 63226 COMMERCIAL STREET ROSELAND LA 70456 LINE CONSTRUCT. 2139890 DEVINEY CONSTRUCTION CO PO BOX 22679 JACKSON MS 39205 RIGHT-OF-WAY 1278626 BARNES ROW SERVICES INC 2100 SMITHBURG ROAD OSYKA MS 39657 RIGHT-OF WAY 1068271 PIKE ELECTRIC CORPORATION PO BOX 1000 MEMPHIS TN 381480517 LINE CONSTRUC 987488 ASPLUNDH TREE EXPERT CO PO BOX 532729 ATLANTA GA 303532729 RIGHT-OF WAY 430497 7 MEMBERSHIP REVENUES 221000 69547883 69547883 POLE RENTAL 221000 825691 825691 70373574 946713 946713 241269 53406 253417 -12148 53406 41258 41258 PATRONAGE CAPITAL CREDITS 221000 1589850 1589850 SCM BETA PARTNERSHIP I 900099 -734 -734 SCM ALTERNATIVE INCOME I 900099 -1074 -1074 1588042 72949587 71137733 1811854 1727129 588185 317448 22606 29677 55496 80088 2030373 6168820 COST OF POWER 49326307 DISTRIBUTION - MAINTENANC 6486547 DISTRIBUTION - OPERATIONS 2713365 ADMINISTRATIVE & GENERAL 1729240 1669372 72944653 0 0 0 1861574 1312274 1949186 3472431 716576 644269 742025 441841 185553466 60379807 122791113 125173659 5510489 5925709 36721274 37291832 170292237 174262015 7711423 8876672 55811832 57356972 10184900 8211800 73708155 74445444 X 96584082 99816571 96584082 99816571 170292237 174262015 4934 335411 2892144 X false true X true false 185553466 60379807 125173659 125173659 PATRONAGE CAPITAL 31895484 UNBILLED REVENUE 5135942 REDLEG NOTES RECEIVABLE 260406 37291832 POST RETIREMENT BENEFIT OBLIGATION 8211800 8211800 X 72889157 -6894 -6894 72896051 55496 -1960 53536 72949587 71162028 71162028 55496 1727129 1782625 72944653 SCHEDULE D, PAGE 3, PART X THE ASSOCIATION 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 RELEVANT TAXING AUTHORITIES, A LIABILITY WOULD BE RECOGNIZED IN THE BALANCE SHEETS 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 MISSISSIPPI DEPARTMENT OF REVENUE AS OF DECEMBER 31, 2017 WERE 2014 - 2017. SCHEDULE D, PAGE 4, PART XI, LINE 4B PARTNERSHIP/TRUST LOSSES -1,960 SCHEDULE D, PAGE 4, PART XII, LINE 4B MARGINS ALLOCATED TO MEMBERS 1,727,129 X false false false DARRELL SMITH GENERAL MANAGER 291339 40532 12893 344764 AARON ACHORD MANAGER-ENG & OPER. 157540 22681 11344 191565 FORM 990 PART IX, LINE 4, BENEFITS PAID TO MEMBERS THE 1,727,129 SHOWN ON THIS LINE REPRESENTS MARGINS ALLOCATED TO MEMBERS FOR 2017. ACTUAL RETIREMENTS OF CAPITAL CREDITS FOR 2017 WERE 2,351,993. PART IX, COMPENSATION THE ORGANIZATION IS REQUIRED TO FOLLOW REGULATORY ACCOUNTING PROCEDURES PRESCRIBED BY THE RURAL UTILTIES SERVICE ( USDA). COMPENSATION IS CAPITALIZED TO PLANT AS WELL AS BEING ALLOCATED TO VARIOUS EXPENSE ACCOUNTS. ALL COMPENSATION FOR OFFICERS AND HIGHLY COMPENSATED EMPLOYEES HAS BEEN PRESENTED. COMPENSATION FOR OTHER EMPLOYEES IS PRESENTED IN THE ASSET AND EXPENSE CATEGORIES WHERE IT WAS RECORDED UNDER GAAP. FORM 990, PAGE 6, PART VI, LINE 2 JOHN MCCABE DENNIS WILSON OFFICER/DIR OFFICER/DIR BUSINESS RELATIONSHIP FORM 990, PAGE 6, PART VI, LINE 6 YES. ORGANIZATION OPERATES AS COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A ALL OF THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 7B AT THE ANNUAL MEETING, THE MEMBERSHIP RATIFIES THE DECISIONS OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS REVIEW A DRAFT OF THE 990 PRIOR TO ITS SUBMISSION. FORM 990, PAGE 6, PART VI, LINE 12C ANNUALLY, THE BOARD OF DIRECTORS ARE ASKED TO DOCUMENT ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. FORM 990, PAGE 6, PART VI, LINE 15A BOARD OF DIRECTORS APPROVES THE GENERAL MANAGERS COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. HOWEVER, THIS INFORMATION IS AVAILABLE TO THE MEMBERSHIP UPON REQUEST. FORM 990, PART XI, LINE 9 INCREASE IN MEMBERSHIPS 5,240 DONATED CAPITAL DURING THE YEAR 726,310 AMORTIZATION OF ACTUARIAL LOSS 131,100 MARGINS ALLOCATED TO MEMBERS 1,727,129 PARTNERSHIP/TRUST LOSSES 1,960 ACTUARIAL GAIN 2,652,398 RETIREMENT OF CAPITAL CREDITS -2,351,993 0 ACTUARIAL LOSS 0 TOTAL 2,892,144