2025-11-12T16:18:34-06:00 2024-12-31 205857627 TMH P O DRAWER 15099 HATTIESBURG MS 394045099 990 2024-01-01 640219645 PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION PEAR 6017362666 POST OFFICE BOX 1217 COLUMBIA MS 394291217 MATTHEW WARE CEO/GENERAL MANAGER 6017362666 2025-11-12 1 1 PAIGE M JOHNSON CPA P00637479 6012643519 2025-11-12 2024 2025-03-06 01:10:19Z MATTHEW WARE POST OFFICE BOX 1217 COLUMBIA MS 394291217 161003248 0 X WWW.PRVEPA.COM X 1938 MS THE ASSOCIATION'S MISSION IS IMPROVING THE FUTURE FOR ALL OF OUR MEMBERS IN SOUTH MISSISSIPPI. THE FIRST STEP IS BRINGING SAFE AND DEPENDABLE ENERGY AT THE LOWEST POSSIBLE COST. 10 0 146 0 10015569 68042 2576178 2576178 146898635 158547299 90669 97650 0 -221400 149565482 160999727 33019 34469 9766112 9779561 13322215 13839436 0 0 0 126797555 136121490 149918901 159774956 -353419 1224771 387763546 421101434 248600904 264322231 139162642 156779203 THE ASSOCIATION'S MISSION IS IMPROVING THE FUTURE FOR ALL OF ITS MEMBERS IN SOUTH MISSISSIPPI. THE FIRST STEP IS BRINGING SAFE AND DEPENDABLE ENERGY AT THE LOWEST POSSIBLE COST. 0 0 PRVEPA PROVIDED ELECTRIC POWER TO 53,598 CONSUMERS DURING 2024. 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 38 0 146 1 1 1 0 0 0 0 0 0 145547094 10108212 0 0 0 X 10 0 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MATTHEW WARE 6017362666 HIGHWAY 13 NORTH COLUMBIA MS 39429 LAVELL BOND VICE PRESIDENT 6.26 X X 31208 0 0 BF HUDSON JR DIRECTOR 7.00 X 29852 0 0 HUGH GENE SMITH DIRECTOR 3.50 X 27692 0 0 DANNY WILKS PRESIDENT 10.19 X X 29561 0 0 LESLIE PETERS SECRETARY/TREASURER 1.03 X X 22681 0 0 JACK BRADSHAW DIRECTOR 5.85 X 28242 0 0 MATT THOMAS DIRECTOR 8.94 X 27237 0 0 DAVIS WINGO DIRECTOR 5.92 X 30078 0 0 JEFF TINNON DIRECTOR 5.06 X 28575 0 0 ADAM BASS DIRECTOR 3.65 X 27039 0 0 MATTHEW WARE CEO/GENERAL MANAGER 50.00 X 369565 0 61463 JODY THORNTON CHIEF FINANCIAL OFFICER 50.00 X 196572 0 29299 ERIK LAVINE MANAGER, ENGINEERING & OPE 50.00 X 208605 0 36768 ANTHONY HARRIS MANAGER, ECON DEV & COMM R 40.00 X 177634 0 34557 GEORGE CUTRER DISTRICT MANAGER 40.00 X 183496 0 35006 WILLIAM MCCRARY DISTRICT MANAGER 40.00 X 170881 0 32687 JAMES ARMSTRONG MANAGER, PURCHASING & FACI 40.00 X 169844 0 31022 LEIF MUNKEL MANAGER, MARKETING & COMM 40.00 X 152472 0 29901 1911234 0 290703 58 0 1 0 ERVIN CABLE CONSTRUCTION LLC PO BOX 932157 ATLANTA GA 31193 FIBER CONSTRUCTION 5829871 ITG COMMUNICATIONS LLC 152 MOLLY WALTON DR HENDERSONVILLE TN 37075 FIBER INSTALLATION 3812708 CONEXON LLC 2001 GRAND BLVD STE 700 KANSAS CITY MO 64108 FIBER CONSTRUCTION 3408509 LOOKS GREAT SERVICES 1501 HIGHWAY 13 NORTH COLUMBIA MS 39429 RIGHT OF WAY MAINT 3328737 MDR CONSTRUCTION 621 E BAYLIS CHAPEL ROAD COLUMBIA MS 39429 CONSTRUCTION 2117750 12 2576178 2576178 ELECTRIC SALES 221000 143351790 143351790 PEARLCOMM CUSTOMER FEES 221000 10238811 10238811 PATRONAGE CREDITS 221000 3631397 3631397 COMMON USE POLE RENTAL 221000 1325301 1325301 158547299 37671 37671 63500 3521 59979 59979 59979 INCOME FROM MS FIBER LLC -223242 -223242 1842 1842 -221400 160999727 148310330 10015569 97650 34469 9779561 831487 5967529 2081274 4255086 704060 48698 144926 1356143 170939 11565679 9481242 5823 COST OF POWER 95961077 DISTRIBUTION- MAINTENAN 9939360 ADMINISTRATIVE & GENERA 2532164 CONSUMER ACCOUNTS EXPEN 1688641 3226798 159774956 1246654 4236370 12670145 13975539 22984310 23754061 337164 492961 429559925 116767898 287273843 312792027 255485 0 62995945 65850476 387763546 421101434 18394158 21289542 3000000 2250000 206069381 230887519 21137365 9895170 248600904 264322231 X 310880 309750 608062 608062 138243700 155861391 139162642 156779203 387763546 421101434 X 1224771 16391790 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 429559925 116767898 312792027 312792027 INTEREST & DIVIDEND INCOME RECEIVAB 702216 PATRONAGE CAPITAL 64812400 INVESTMENT IN MS FIBER LLC 335860 65850476 CONSUMER DEPOSITS 5345057 POST RETIREMENT BENEFITS PAYABLE 4550113 9895170 X 161153344 0 161153344 -153617 -153617 160999727 149995395 0 149995395 9779561 9779561 159774956 PART X, LINE 2: FASB ASC 740 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND THE RECOGNITION OF SUCH INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE ASSOCIATION'S INCOME TAX RETURNS. THE ASSOCIATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. IN EVALUATING THEIR TAX POSITIONS, THE ASSOCIATION BELIEVES THEIR ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES AND THAT NO UNCERTAIN POSITIONS WERE TAKEN. PART XI, LINE 4B - OTHER ADJUSTMENTS: OTH REVENUE INCL 990 NOT ON BOOKS -153,617. PART XII, LINE 4B - OTHER ADJUSTMENTS: MARGINS ASSIGNED 9,779,561. SCHEDULE D, PART XII,LINE 4B THE AMOUNT REPORTED ON FORM 990, PART IX, LINE 4 AS BENEFITS PAID TO OR FOR MEMBERS IS NOT REPORTED AS AN EXPENSE IN THE FINANCIAL STATEMENTS, SINCE GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) DOES NOT RECOGNIZE PATRONAGE DIVIDENDS PAID AS AN EXPENSE IN THE AMOUNT OF $9,766,112. SCHEDULE D, PART XI,LINE 2D PRVEPA RECOGNIZES UNBILLED REVENUE FOR FINANCIAL REPORTING. FOR TAX RETURN REPORTING OF PATRONAGE CAPITAL CREDIT ALLOCATIONS, AS WELL AS FOR REPORTING OF REVENUES, UNBILLED REVENUE IS DISREGARDED. FINANCIAL REPORTING WAS ADJUSTED FOR THE CHANGE IN UNBILLED REVENUE FROM 2023 TO 2024 IN THE AMOUNT OF $563,860. PATRONAGE CAPITAL REFLECTS THE CHANGE IN UNBILLED REVENUE. 0 ELECTRIC COOPERATIVES OF MISSISSIPPI FOUNDATION PO BOX 3300 RIDGELAND MS 39158 203033260 10000 0 CONTRIBUTE TOWARD SCHOLARSHIPS PROVIDED BY THE ORGANIZATION MISSISSIPPI GULF COAST COMMUNITY COLLEGE FOUNDATION INC 51 MAIN STREET PERKINSTON MS 39573 640588668 8000 0 CONTRIBUTE TOWARD SCHOLARSHIPS PROVIDED BY THE ORGANIZATION X X 0 0 0 MATTHEW WARE CEO/GENERAL MANAGER 369565 0 0 0 0 0 44776 0 16687 0 431028 0 0 0 ERIK LAVINE MANAGER, ENGINEERING & OPE 208605 0 0 0 0 0 20081 0 16687 0 245373 0 0 0 JODY THORNTON CHIEF FINANCIAL OFFICER 196572 0 0 0 0 0 16424 0 12875 0 225871 0 0 0 GEORGE CUTRER DISTRICT MANAGER 183496 0 0 0 0 0 18319 0 16687 0 218502 0 0 0 ANTHONY HARRIS MANAGER, ECON DEV & COMM R 177634 0 0 0 0 0 17870 0 16687 0 212191 0 0 0 WILLIAM MCCRARY DISTRICT MANAGER 170881 0 0 0 0 0 16000 0 16687 0 203568 0 0 0 JAMES ARMSTRONG MANAGER, PURCHASING & FACI 169844 0 0 0 0 0 14335 0 16687 0 200866 0 0 0 LEIF MUNKEL MANAGER, MARKETING & COMM 152472 0 0 0 0 0 13672 0 16229 0 182373 0 0 0 COOPERATIVE ENERGY DANNY WILKS, DIRECTOR, IS A BOARD MEMBER FOR COOPERATIVE ENERGY. 95961077 EXPENSE- THE ORGANIZATION PURCHASES ITS POWER FROM COOPERATIVE ENERGY 0 COOPERATIVE ENERGY DANNY WILKS, DIRECTOR, IS A BOARD MEMBER FOR COOPERATIVE ENERGY. 8076802 CURRENT LIABILITY- THE ORGANIZATION PURCHASES ITS POWER FROM COOPERATIVE ENERGY 0 COOPERATIVE ENERGY MATTHEW WARE, OFFICER, IS A BOARD MEMBER FOR COOPERATIVE ENERGY. 95961077 EXPENSE- THE ORGANIZATION PURCHASES ITS POWER FROM COOPERATIVE ENERGY 0 COOPERATIVE ENERGY MATTHEW WARE, OFFICER, IS A BOARD MEMBER FOR COOPERATIVE ENERGY. 8076802 CURRENT LIABILITY- THE ORGANIZATION PURCHASES ITS POWER FROM COOPERATIVE ENERGY 0 COOPERATIVE ENERGY LESLIE PETERS, DIRECTOR, IS A BOARD MEMBER FOR COOPERATIVE ENERGY. 95961077 EXPENSE- THE ORGANIZATION PURCHASES ITS POWER FROM COOPERATIVE ENERGY 0 COOPERATIVE ENERGY LESLIE PETERS, DIRECTOR, IS A BOARD MEMBER FOR COOPERATIVE ENERGY. 8094802 CURRENT LIABILITY- THE ORGANIZATION PURCHASES ITS POWER FROM COOPERATIVE ENERGY 0 FORM 990, PART VI, SECTION A, LINE 6 ANY NATURAL PERSON, FIRM ASSOCIATION, CORPORATION, BUSINESS TRUST, PARTNERSHIP OR BODY POLITIC SHALL BE ELIGIBLE TO BECOME A MEMBER OF, AND, AT ONE OR MORE PREMISES OWNED OR DIRECTLY OCCUPIED OR USED BY HIM, TO RECEIVE ELECTRIC SERVICE FROM PEARL RIVER VALLEY ELECTRIC POWER. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER WHO IS NOT IN A STATUS OF SUSPENSION, AS PROVIDED FOR IN SECTION 2.01 OF THE ASSOCIATION'S BYLAWS, SHALL BE ENTITLED TO ONLY ONE VOTE UPON EACH MATTER SUBMITTED TO A VOTE AT ANY MEETING OF THE MEMBERS. AT EACH ANNUAL MEETING OF THE MEMBERS, DIRECTORS SHALL BE ELECTED BY SECRET BALLOT BY THE MEMBERS WHO ARE NATURAL PERSONS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - THE CHIEF FINANCIAL OFFICER PROVIDES THE INDEPENDENT AUDITORS WITH INFORMATION USED IN PREPARING THE FORM 990. THE COMPLETED FORM IS THEN REVIEWED BY THE CHIEF FINANCIAL OFFICER AND BY THE GENERAL MANAGER/CEO. THE GENERAL MANAGER/CEO THEN PRESENTS THE FORM 990 TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C A QUESTIONNAIRE IS SENT ANNUALLY TO ALL EMPLOYEES REQUESTING INFORMATION REGARDING POSSIBLE CONFLICTS OF INTEREST. THESE QUESTIONNAIRES ARE REVIEWED BY THE GENERAL MANAGER/CEO. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE GENERAL MANAGER/CEO IS DETERMINED BY USING COMPARABILITY DATA AND IS APPROVED BY THE BOARD OF DIRECTORS. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED USING COMPARABILITY DATA, IS INITITALLY APPROVED AND RECOMMENDED BY THE GENERAL MANAGER/CEO, AND IS THEN GIVEN FINAL APPROVAL BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON REQUEST. FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL DIFFERENCE 5,786,667. DEFINED BENEFIT PLAN NET GAIN (LOSS) 10,153,604. CHANGE IN MEMBERSHIPS -1,130. INTEREST RATE SWAP NET GAIN (LOSS) 299,032. BOOK TAX DIFFERENCE IN SUBSIDIARY 153,617. FORM 990, PART XII, LINE 2C: PROCESS HAS NOT CHANGED FROM PRIOR YEAR. PEARL RIVER VALLEY COMMUNICATIONS LLC POST OFFICE BOX 989 COLUMBIA MS 39429 852692674 TELECOMMUNICATIONS MS PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION