2017-11-13T15:26:33-06:00 2016-12-31 640751580 WILSON & BIGGS PLLC PO BOX 930 RIDGELAND MS 39158 990 2016-01-01 640195613 MAGNOLIA ELECTRIC POWER ASSOCIATION MAGN 6016844011 PO BOX 747 MCCOMB MS 39648 DARRELL SMITH GENERAL MANAGER 6016844011 2017-11-13 true GEORGE M BIGGS JR P00912499 6019572001 2017-11-13 C4E61175DBA6A5AC5DC80957DAB672890487ADC7 A7C22AA24D7A78CE5033AEF849F0E3A860488B27 2016 2018-03-14 21:41:22Z DARRELL SMITH PO BOX 747 MCCOMB MS 39648 78024548 false X WWW.MAGNOLIAEPA.COM X 1938 MS MEMBER OWNED ELECTRIC COOPERATIVE. 9 9 103 0 0 89582862 75513418 1014651 845948 2070851 1665182 92668364 78024548 0 10022052 6722599 727318 560056 0 0 81932220 70913630 92681590 78196285 -13226 -171737 164025834 170292237 70996051 73708155 93029783 96584082 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 16 0 103 true false false false false false 74707830 2682867 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 JERRY L SISCO DIRECTOR 10.00 X 11250 0 7991 ODELL MCKENZIE DIRECTOR 11.00 X 9750 0 6133 BRUCE MCCAFFERY DIRECTOR 11.00 X 9750 0 6133 DENNIS WILSON VICE PRESIDE 10.00 X X 9750 0 2696 CARL FULLER DIRECTOR 11.00 X 9000 0 7991 HOLLIS ALFORD PRESIDENT 9.00 X X 8500 0 0 SCOTT SMITH DIRECTOR 10.50 X 7000 0 0 PAT ARD DIRECTOR 10.50 X 6500 0 0 JOHN L MCCABE SEC.-TREA. 9.00 X X 6000 0 6133 DARRELL SMITH GENERAL MANA 60.00 X 285843 0 53853 TONY NETTLES MANAGER-ADMI 40.00 X 101004 0 21921 AARON ACHORD MANAGER-ENG 40.00 X 146411 0 35193 610758 148044 3 false true false WG YATES & SONS COMPANY 104 GULLY AVENUE PHILADELPHIA MS 39350 CONSTRUCTION 9451657 KINCO LLC 63226 COMMERCIAL STREET ROSELAND LA 70456 LINE CONSTRUCT. 2312150 PIKE ELECTRIC CORPORATION PO BOX 1000 MEMPHIS TN 381480517 LINE CONSTRUC 1175806 ASPLUNDH TREE EXPERT CO PO BOX 532729 ATLANTA GA 303532729 RIGHT-OF WAY 1110163 EDGEWOOD INTERIORS 530 W GEORGIA AVENUE MCCOMB MS 39648 INTERIOR DESIGN 980520 13 MEMBERSHIP REVENUES 221000 74707830 74707830 POLE RENTAL 221000 805588 805588 75513418 807717 807717 38231 38231 38231 38231 PATRONAGE CAPITAL CREDITS 221000 1836919 1836919 SCM BETA PARTNERSHIP I 900099 -1755 -1755 SCM ALTERNATIVE INCOME I 900099 -169982 -169982 1665182 78024548 76544749 1479799 6722599 560056 23288 28989 51232 84203 1905080 5414297 COST OF POWER 51024417 DISTRIBUTION - MAINTENANC 5696835 DISTRIBUTION - OPERATIONS 2804393 CONSUMER ACCOUNTS 1725588 2155308 78196285 0 0 0 658293 1861574 81704 1936197 1949186 765194 716576 9560568 742025 178264686 55473573 111110191 122791113 5178438 5510489 34735249 36721274 164025834 170292237 10273215 7711423 52041023 55811832 8681813 10184900 70996051 73708155 X 93029783 96584082 93029783 96584082 164025834 170292237 -171737 253760 3472276 X false true X true false 178264686 55473573 122791113 122791113 PATRONAGE CAPITAL 30678244 UNBILLED REVENUE 5707253 REDLEG NOTES RECEIVABLE 335777 36721274 POST RETIREMENT BENEFIT OBLIGATION 10184900 10184900 X 78145053 78145053 51232 -171737 -120505 78024548 71422454 71422454 51232 6722599 6773831 78196285 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, 2016 WERE 2013 - 2016. SCHEDULE D, PAGE 4, PART XI, LINE 4B PARTNERSHIP/TRUST LOSSES -171,737 SCHEDULE D, PAGE 4, PART XII, LINE 4B MARGINS ALLOCATED TO MEMBERS 6,722,599 X false false false DARRELL SMITH GENERAL MANAGER 285843 39139 14714 339696 AARON ACHORD MANAGER-ENG & OPER. 146411 21900 13293 181604 FORM 990 PART IX, LINE 4, BENEFITS PAID TO MEMBERS THE 6,722,599 SHOWN ON THIS LINE REPRESENTS MARGINS ALLOCATED TO MEMBERS FOR 2016. ACTUAL RETIREMENTS OF CAPITAL CREDITS IN 2016 WERE 3,274,704. 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. FORM 990, PART XI, LINE 9 INCREASE IN MEMBERSHIPS 7,885 DONATED CAPITAL DURING THE YEAR 631,312 AMORTIZATION OF ACTUARIAL LOSS 58,300 MARGINS ALLOCATED TO MEMBERS 6,722,599 PARTNERSHIP/TRUST LOSSES 171,737 RETIREMENT OF CAPITAL CREDITS -3,274,704 ACTUARIAL LOSS -844,853 TOTAL 3,472,276