2018-03-27T15:08:18-05:00 2017-12-31 640751580 WILSON & BIGGS PLLC PO BOX 930 RIDGELAND MS 39158 990 2017-01-01 640256623 TWIN COUNTY ELECTRIC POWER ASSN INC TWIN 6628272262 PO BOX 158 HOLLANDALE MS 38748 JOHN B REED PRESIDENT 6628272262 2018-03-19 true GEORGE M BIGGS JR P00912499 6019572001 2018-03-20 2017 2022-09-23 18:48:47Z JOHN B REED 900 EAST AVENUE NORTH HOLLANDALE MS 38748 30122617 false X HTTP://WWW.TWINCOEPA.COM/ X 1938 MS TO PROVIDE THE MOST RELIABLE ELECTRIC SERVICE AT THE LEAST COST POSSIBLE 9 9 72 0 0 29506668 29467453 60633 61422 712464 593742 30279765 30122617 0 1522208 1623414 191756 303337 0 0 28565801 28195866 30279765 30122617 0 73360308 73376544 35218118 33516749 38142190 39859795 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 32 0 true 72 true false false false false false 29183787 655164 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 1.75 X X 12000 0 0 BILLY GEORGE JANOUS SECRETARY/DI 1.68 X X 12000 0 0 JOEL B CUNNINGHAM DIRECTOR 2.82 X 6000 0 0 TIMOTHY A CLEMENTS DIRECTOR 2.86 X 6000 0 0 MERLIN S RICHARDSON DIRECTOR 2.36 X 6000 0 0 NEILL NICHOLS DIRECTOR 1.74 X 6000 0 0 BRYAN E THOMAS DIRECTOR 2.42 X 5500 0 0 JAMES T BRUTON DIRECTOR 1.64 X 5000 0 0 JAMES R CARTER VICE PRESIDE 0.92 X X 4500 0 0 TIM W PERKINS GENERAL MGR- 40.00 X 117844 0 32872 JOHN MOSLEY GENERAL MGR- 40.00 0.00 X 73538 0 16083 KENNETH WOLFORD MNGR. OF ENG 40.00 X 132738 0 38442 WALTER M TRAWICK PURCHASING A 40.00 X 117575 0 35579 JAMES M MANOR SERVICEMAN 40.00 X 115035 0 27811 MARCUS L ROSS BRANCH MANAG 40.00 X 112479 0 28151 DANIEL B COCHRAN BRANCH MANAG 40.00 X 108658 0 27289 840867 206227 8 false true false TOTEN TREE SERVICE INC 2316 OLD LELAND ROAD GREENVILLE MS 38701 RIGHT OF WAY MA 776250 MDR CONSTRUCTION INC 621 EAST BAYLIS CHAPEL ROAD COLUMBIA MS 39429 CONTRUCTION 196975 NANCY R SMITH PO BOX 240 GLEN ALLAN MS 38744 CONSUMER ACCOUN 108398 3 OPERATING REVENUES 29183787 29183787 POLE RENTAL 283666 283666 29467453 61422 61422 PATRONAGE CAPITAL 593690 593690 NON OPERATING INCOME 52 52 593742 30122617 29777529 345088 1623414 303337 64834 17250 42985 161472 48142 1167012 4236454 COST OF POWER 15975849 DISTRIBUTION MAINTENANCE 1948694 DISTRIBUTION OPERATIONS 1768593 ADMINISTRATIVE AND GENERA 1518895 1245686 30122617 0 0 0 4036867 4582803 500000 500000 1401601 1601290 1837198 1802297 188639 19074 94988948 44997186 50666981 49991762 14729022 14879318 73360308 73376544 2397811 2439881 30717193 28996795 2103114 2080073 35218118 33516749 X 214719 215046 1795270 1794732 36132201 37850017 38142190 39859795 73360308 73376544 X 0 1717605 X false true X true false 94988948 44997186 49991762 49991762 PATRONAGE CAPITAL-OTHER ORGS 13787837 DEFERRED CHARGES 1081650 INTEREST RECEIVABLE 9831 14879318 CUSTOMER DEPOSITS 1191200 POST-RETIRMENT BENEFIT OBLIGATION 793700 DEFERRED CREDITS 95173 2080073 X 30122617 30122617 30122617 28499203 28499203 1623414 1623414 30122617 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 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, 2016 WERE 2014 - 2017. SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL ALLOCATED 1,623,414 X true true X false false false TIM W PERKINS GENERAL MGR-CURRENT 117844 22376 10496 150716 KENNETH WOLFORD MNGR. OF ENGINEERING 132738 25689 12753 171180 WALTER M TRAWICK PURCHASING AGENT 117575 22945 12634 153154 FORM 990, PAGE 6, PART VI, LINE 4 IN 2017, TWIN COUNTY ELECTRIC POWER ASSOCIATION AMENDED ITS BYLAWS. FOLLOWING IS A SUMMARY OF THE CHANGES: 1. THERE WERE SEVERAL CHANGES MADE TO THE BYLAWS TO ADDRESS RECENT CHANGES IN THE MISSISSIPPI CODE RELATED TO ELECTRIC POWER ASSOCIATIONS. 2. CHANGES WERE MADE RELATED TO BOARD OF DIRECTORS ELIGIBILIY , NOMINATION , AND REMOVAL. 3. CHANGES WERE MADE ADDRESSING MEMBER COMMUNICATION TO THE BOARD OF DIRECTORS. 4. MANDITORY ARBITRATION WAS INSTITUTED TO RESOLVE DISPUTES BETWEEN THE ASSOCIATION AND MEMBERS. 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 BY THE TAX AND AUDIT COMMITTEE AND APPROVED BY THE BOARD. FORM 990, PAGE 6, PART VI, LINE 12C ALL DIRECTORS 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 AND TO EXISTING MEMBERS UPON REQUEST. 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 PART IX, LINE 4- AMOUNTS SHOWN AS PAID TO OR FOR MEMBERS REPRESENTS PATRONAGE CAPITAL ALLOCATED IN 2017, NOT PATRONAGE CAPITAL RETIRED. FORM 990, PART XI, LINE 9 ACTUARIAL GAIN-PRBO 94,402 PATRONAGE CAPITAL ALLOCATED 1,623,414 INCREASE IN MEMBERSHIPS 327 REISSUANCE OF CAPITAL CREDIT RETIREMENT -538 TOTAL 1,717,605