2025-11-06T11:29:08+00:00 2024-12-31 440160260 Forvis Mazars LLP PO Box 3667 Little Rock AR 722033667 990 2024-01-01 710122860 Mississippi County Electric Cooperative Inc MISS 8707634563 PO BOX 7 BLYTHEVILLE AR 723160007 Brad Harrison President/CEO 8707634563 2025-11-06 true Amber Sherrill P00748683 5013721040 2025-11-06 2024 2025-03-06 01:10:19Z Brad Harrison PO BOX 7 BLYTHEVILLE AR 723160007 184767550 false X www.mceci.com X 1938 AR IMPROVING THE QUALITY OF LIFE FOR OUR MEMBERS BY PROVIDING SAFE, RELIABLE, AND AFFORDABLE ELECTRICITY. 5 5 25 0 838534 142815 0 0 166551692 182449259 993083 944672 -1659016 817464 165885759 184211395 12564 6321 6859502 12962096 2449159 2411157 0 0 0 160606284 172043904 169927509 187423478 -4041750 -3212083 160205179 174887819 71438209 77561806 88766970 97326013 TO PROVIDE ELECTRIC UTILITY SERVICE TO THE COOPERATIVE'S 2,838 MEMBERS AND ANY POTENTIAL MEMBERS WITHIN THE COOPERATIVE'S ALLOCATED TERRITORY. false false PROVIDED 3,339,269,542 KWH to 4,920 ACCOUNTS. 0 false false false false false false false false false false true false true false true false false true 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 false true true true false false true 33 0 true 25 true true true false false false false 175392392 9361807 false false false X 5 5 false false false false true true false true true false false false true true true true true true true true false false X BRAD HARRISON 8707634563 PO BOX 7 BLYTHEVILLE AR 72316 David Wildy Vice-Chairman 10.3 5.0 X X 19340 4800 0 Diana Holmes Secretary-Treasurer 10.3 5.0 X X 21711 4800 0 Neil Burge Chairman 10.3 5.0 X X 19680 4800 0 Charles Brown Director 10.3 5.0 X 24140 4800 0 Robert L Davis Director 10.3 5.0 X 21340 4800 0 Brad Harrison President/CEO 40.0 0.0 X 352494 0 150743 Brandon Jenkins VP Finance & Administration 40.0 0.0 X 168806 0 80353 Justin Knight Journeyman Lineman 45.0 0.0 X 122728 0 24082 Kody Gallant Fiber Services Supervisor 40.0 0.0 X 137837 0 66238 Leon Tye Construction Supervisor 42.0 0.0 X 134586 0 64143 Matthew Pay Journeyman Lineman 45.0 0.0 X 109313 0 34233 Tommy Jones Operations Supervisor 42.0 0.0 X 126283 0 60869 1258258 24000 480661 11 false true false Highland Cabling LLC 1121 Applegate St Sikeston MO 63801 Installation Tech. 526196 Conexon LLC 2001 Grand Blvd Ste 700 Kansas City MO 64108 Fiber Design-Service 415264 Nicks Fiber LLC 7490 Hwy NN Tipton MO 65081 Installation Tech. 118358 3 0 Sale of Electric Energy 221000 175137015 175137015 Patronage Capital 221000 7312244 7312244 0 0 0 0 182449259 944672 34421 910251 1360268 13351 556155 0 804113 13351 817464 804113 13351 0 0 0 0 0 0 0 0 184211395 182449259 838534 923602 6321 12962096 1738920 334790 151000 44055 142392 134051 231567 197677 167339 7838 2017525 2710869 12919 COST OF POWER 164756426 DIST. EXPENSE - MAINTENANCE 1076172 CUSTOMER ACCOUNTS EXPENSE 382115 DIST. EXPENSE - OPERATION 349406 0 187423478 1791848 2083122 4107241 2017043 0 21451695 22325476 0 0 0 0 950000 800000 2067522 2263402 137026 88350 120692729 22229103 92168879 98463626 0 0 0 37530968 42528868 0 0 0 4317932 160205179 174887819 15560596 17457376 0 0 0 0 0 0 0 0 0 0 49161156 53360021 0 0 6716457 6744409 71438209 77561806 0 0 X 0 0 88766970 97326013 88766970 97326013 160205179 174887819 X -3212083 11771126 X false true true false 796635 796635 10788747 1109066 9679681 0 0 0 97749088 21120037 76629051 11358259 0 11358259 98463626 ARK ELEC COOP PATRONAGE CAP. 42247552 C NRUCFC MEMBERSHIP 1000 C NRUCFC CAPITAL TERM CERT. 238879 C CRC MEMBERSHIP 2500 C HOMESTEAD FUND DEFERRED COMP 36437 C MEMBERSHIP TOUCHSTONE 2500 C 42528868 Federal Income Taxes ACCUM PROV FOR PENSIONS & BENEFITS 2973772 CONSUMER DEPOSITS 136255 INVESTMENT IN SUBSIDIARY 2168300 DEFERRED TAX LIABILITY 1466082 6744409 183405084 556155 556155 182848929 1362466 1362466 184211395 173585956 487040 487040 173098916 14324562 14324562 187423478 Schedule D, Part X, Line 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 BOOK TO TAX DEPRECIATION DIFFERENCE - 556155 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements REVENUE INCLUDED IN EXPENSES PER AUDIT - 1362466 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 ACCRUED INCOME TAX PROVISION - 96694 BOOK DEPRECIATION ON FIBER ASSETS - 390346 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements PATRONAGE ALLOCATED TO MEMBERS - 12962096 REVENUE INCLUDED IN EXPENSES PER AUDIT - 1362466 X false true X X false false false Brad Harrison President/CEO 329856 0 6740 0 15898 0 126000 0 24743 0 503237 0 0 0 Brandon Jenkins VP Finance & Administration 155441 0 6740 0 6625 0 59651 0 20702 0 249159 0 0 0 Kody Gallant Fiber Services Supervisor 125547 0 6740 0 5550 0 49673 0 16565 0 204075 0 0 0 Tommy Jones Operations Supervisor 121709 0 2985 0 1589 0 45735 0 15134 0 187152 0 0 0 Leon Tye Construction Supervisor 130888 0 2870 0 828 0 43971 0 20172 0 198729 0 0 0 Schedule J, Part I, Line 1a Health or social club dues or initiation fees BRAD HARRISON, PRESIDENT/CEO WAS REIMBURSED FOR ANNUAL MEMBERSHIP DUES TO BLYTHEVILLE COUNTRY CLUB. THE COMPENSATION WAS TAXABLE. Form 990, Part I, Line 14 & Line 19 THE ORGANIZATION DOES NOT ALLOCATE GENERATION & TRANSMISSION (G&T) CAPITAL CREDITS UNTIL THE YEAR THEY ARE PAID IN CASH TO THE ORGANIZATION. ONCE THE ORGANIZATION RECEIVES THE CAPITAL CREDIT CASH PAYMENT, THE CAPITAL CREDIT RETIREMENT IS PAID OUT IN THE SAME ROTATION AS THE ORGANIZATIONS PATRONAGE CAPITAL. BELOW IS A RECONCILIATION OF NET MARGIN TO CURRENT YEAR CAPITAL CREDITS AND PATRONAGE ALLOCATED: NET MARGIN 12/31/2024 BEFORE G&T AND PATRONAGE ALLOCATION----------------------------$9,819,128 G&T CAPITAL CREDITS ALLOCATIONS FOR 2024------------------------------------(0) INTEREST AND DIVIDEND INCOME------------------------------------------------944,672 G&T CAPITAL CREDITS RETIRED IN CASH IN 2024------------------------2,198,296 ----------------------------------------------------------------------------------------------------------------- PATRONAGE ALLOCATED TO MEMBERS FOR 2024 (LINE 14)---------12,962,096 G&T CAPITAL CREDITS ALLOCATIONS FOR 2024------------------------------------(0) INTEREST AND DIVIDEND INCOME------------------------------------------------(944,672) G&T CAPITAL CREDITS RETIRED IN CASH IN 2024-----------------------(2,198,296) BOOK TO TAX DEPRECIATION DIFFERENCE-------------------------------(556,155) ACCRUED INCOME TAXES --------------------------------------------------------96,694 REVENUE LESS EXPENSES (LINE 19)-----------------------------------------(3,602,429) Form 990, Part VI, Line 6 Classes of members or stockholders THERE IS ONLY ONE CLASS OF MEMBERS. ALL MEMBERS HAVE ONE VOTE EACH. THE MEMBERS ELECT THE GOVERNING BODY AND APPROVE WHETHER THE COMPANY CAN BE SOLD. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THERE IS ONLY ONE CLASS OF MEMBERS. ALL MEMBERS HAVE ONE VOTE EACH. THE MEMBERS ELECT THE GOVERNING BODY AND APPROVE WHETHER THE COMPANY CAN BE SOLD. Form 990, Part VI, Line 11b Review of form 990 by governing body THE V.P. OF FINANCE AND ADMINISTRATION, AS WELL AS BOARD MEMBERS REVIEW FORM 990 BEFORE FILING WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy ANY INDIVIDUAL BOARD OF DIRECTOR OR EMPLOYEE WHO BELIEVES THAT THEY OR AN IMMEDIATE MEMBER OF THEIR FAMILY MIGHT HAVE A REAL OR APPARENT CONFLICT OF INTEREST IS TO FILE A NOTICE OF DISCLOSURE AS WELL AS ABSTAIN FROM: PARTICIPATING IN DISCUSSIONS WITH RESPECT TO THE SUBJECT OF THE CONFLICT, USING PERSONAL INFLUENCE TO AFFECT DELIBERATIONS, MAKING MOTIONS, VOTING, EXECUTING AGREEMENTS, OR TAKING ACTIONS ON BEHALF OF THE ORGANIZATION WHERE THE CONFLICT OF INTEREST MIGHT PERTAIN BY LAW, AGREEMENT OR OTHERWISE. ALL DISCLOSURES OF REAL OR APPARENT CONFLICT SHALL BE NOTED IN THE MINUTES OF THE BOARD OF DIRECTORS. AT THE DISCRETION OF THE BOARD OF DIRECTORS OR THE PRESIDENT/CEO, A PERSON WITH A REAL OR APPARENT CONFLICT OF INTEREST MAY BE EXCUSED FROM ALL OR A PORTION OF DISCUSSION OR DELIBERATIONS WITH RESPECT TO THE SUBJECT OF THE CONFLICT. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF THE CEO. THE BOARD REFERENCES NRECA'S SALARY SURVEY AND COMPARES THE SALARY TO STATE ORGANIZATIONS WHEN MAKING THE DETERMINATION. THE BOARD'S LAST REFERENCE TO THE NRECA'S SALARY SURVEY WAS IN 2024. Form 990, Part VI, Line 15b Process to establish compensation of other employees CONSIDERATION FOR OFFICERS IS COMPARED TO THE NRECA SALARY SURVEY TO DETERMINE IF THEY ARE WITHIN AN ACCEPTABLE SALARY RANGE. THE BOARD'S LAST REFERENCE TO THE NRECA'S SALARY SURVEY WAS IN 2024. THE CEO MAKES THE DETERMINATION TO RAISE THE SALARY WITHIN THE APPROPRIATE RANGE. AN ANNUAL COST OF LIVING ADJUSTMENT IS CALCULATED BY THE CEO AND VICE PRESIDENT OF FINANCE AND ADMINISTRATION USING INFLATION AND THE COST-OF-LIVING ADJUSTMENT FOR SOCIAL SECURITY. Form 990, Part VI, Line 19 Required documents available to the public THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VIII, Line 6a THE AMOUNT LISTED AS PERSONAL PROPERTY RENT IS POLE RENTAL INCOME AND IS EXCLUDED FROM UNRELATED BUSINESS INCOME. Form 990, Part IX, Line 4 AMOUNT NOTED ON THIS LINE RELATES TO PATRONAGE DIVIDENDS ALLOCATED AFTER 2024 YEAR END FOR THE 2024 YEAR. Form 990, Part XI, Line 9 Other changes in net assets or fund balances DECREASE IN RETIRED CAPITAL CREDITS - -91090; CHANGE IN MEMBERSHIP FEES - -130; RETIREMENT OF CAPITAL CREDITS - -1520415; CHANGE IN FUNDED STATUS OF POSTRETIREMENT BENEFIT OBLIGATION - 351550; PATRONAGE ALLOCATION - 12962096; TAX DEPRECIATION ON FIBER LEASE ASSETS - 165809; ACCRUAL FOR PROVISION OF INCOME TAXES - -96694; Total - 11771126; MCEC FIBER INC PO BOX 7 BLYTHEVILLE AR 72316 845005438 INTERNET/PHONE AR MCEC C Corporation 3335726 8991501 1 true true false false true false false false false false false false false false false true true true false false MCEC FIBER INC A 1360268 FMV MCEC FIBER INC A 34421 FMV MCEC FIBER INC D 800000 FMV