2025-11-14T17:03:55-06:00 2024-12-31 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2024-01-01 640243969 Southern Pine Electric Cooperative SOUT 6017856511 PO Box 60 Taylorsville MS 391680060 Ryan R Robertson Chief Financial Officer 6017856511 2025-11-13 1 1 Richard B Compton P03317491 3348347660 2025-11-12 2024 2025-03-06 01:10:19Z Southern Pine Electric Chris K Rhodes PO Box 60 Taylorsville MS 391680060 239478420 0 X www.southernpine.coop X 1938 MS The mission of Southern Pine Electric's Board of Directors and employees is to enhance the quality of life of our members and community by safely providing reliable electric energy at an affordable price. 13 13 269 0 0 0 0 0 228372951 236805258 642092 882053 1704336 1791109 230719379 239478420 0 0 14341736 9003683 1597820 1502790 0 0 0 214779823 228971947 230719379 239478420 0 0 533169918 544840910 214623717 223971597 318546201 320869313 The mission of Southern Pine Electric's Board of Directors and employees is to enhance the quality of life of our members and community by safely providing reliable electric energy at an affordable price. 0 0 Southern Pine Electric Cooperative is an electric distribution cooperative that provided service to approximately 70,771 meters in south central Mississippi. Utilizing its 10,751 miles of electric distribution lines, Southern Pine Electric sold 1,878,290,359 kilowatt hours of electric energy to its members. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 170 0 1 269 1 0 0 0 0 0 0 0 232429328 5291733 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Ryan Robertson 6017856511 13491 Hwy 28W Taylorsville MS 39168 Billy M Berry Chariman/Director 19.50 X X 40160 0 0 Mims W Berry Director 14.10 X 31050 0 0 Charles Lowe Director 16.40 X 46855 0 0 Blaine H Eaton Director 18.50 X 35535 0 0 Haskins Montgomery Secretary/Director 17.20 X X 36138 0 0 Billy Parish Director 14.50 X 31445 0 0 Greg Sullivan Director 16.70 X 44470 0 0 David Tadlock Director 9.90 X 21342 0 0 Richard Thoms Vice-Chairman/Director 16.90 X X 32393 0 0 Fountaine McNair Director 15.90 X 30556 0 0 Jeffery Sims Director 14.60 X 27965 0 0 Dean Kirby Director 10.00 X 19150 0 0 Staci L Rhodes Director 16.80 X 32278 0 0 Chris K Rhodes President / CEO 50.00 X 389163 0 176456 Ryan R Robertson Chief Financial Officer 45.00 X 245554 0 29649 Jim Jordan VP of Engineering 50.00 X 232794 0 110515 John Joseph Hardin Director of Plant and Faci 45.00 X 171700 0 74141 Robert Chad Lewis VP of Operations 50.00 X 237254 0 59512 Ollen D McAlpin VP of Administration 45.00 X 228474 0 33998 Jennifer W Collins VP of Communications & Gov 50.00 X 208691 0 74289 James Keith King Director of Supply Chain 40.00 X 154869 0 61633 2297836 0 620193 69 0 1 0 Asplundh Tree Expert Co 708 Blair Mill Rd Willow Grove PA 19090 Right of Way Maintenance 3569637 Integrity Energy Maintenance LLC 78 Simkins Road Decatur MS 39327 Right of Way Maintenance 3353424 WA Kendall and Company Inc PO Box 831 Lawrenceville GA 30046 Right of Way Maintenance 2350443 Magnolia Utility Services LLC PO Box 6717 Jackson MS 39282 Right of Way Maintenance 2112003 Harris Construction Inc PO Box 1022 Ridgeland MS 39158 Office Renovations/General Plant Additio 1215028 30 Sale of Electricity 221000 232429328 232429328 Capital Credits 221000 4375930 4375930 236805258 747041 747041 1757359 0 1757359 1757359 1757359 135012 0 135012 135012 135012 Rebates 221000 18733 18733 Miscellaneous Revenue 221000 15017 15017 33750 239478420 236839008 0 2639412 X 9003683 1502790 5995595 17222260 Cost of Power 156132217 Dist Exp - Maintenance 24936054 Administrative & Genera 11813537 Dist Exp - Operations 6146815 6725469 239478420 10265508 18590659 15009000 3175667 28743091 28874815 2286678 1944065 9044092 9275117 1199632 1111287 556560477 177825442 365430949 378735035 101190968 103134265 533169918 544840910 28088063 33808249 3500000 3000000 176347262 180194512 6688392 6968836 214623717 223971597 X 359752 361917 736158 736158 317450291 319771238 318546201 320869313 533169918 544840910 X 0 2323112 X 0 1 X 1 1 1 2464143 2464143 554096334 177825442 376270892 378735035 Patronage Capital from Associated Cooperatives 100797352 C Capital Term Certificates 2334913 C Membership Fee - CFC 1000 C CoBank Stock 1000 C 103134265 Customer deposits 6968836 6968836 X 239373282 0 239373282 105138 105138 239478420 230369599 -105138 -105138 230474737 9003683 9003683 239478420 Part X, Line 2: Income taxes - The Cooperative is exempt from income taxes under Internal Revenue Code Section 501(c)(12). Management has evaluated the Cooperative's tax positions and concluded that the Cooperative has taken no uncertain tax positions that require adjustment to the financial statements. Part XI, Line 4b - Other Adjustments: Reclassification of revenue/expense items from F/S 105,138. Part XII, Line 2d - Other Adjustments: Reclassification of revenue/expense items from F/S -105,138. Part XII, Line 4b - Other Adjustments: Margins Assigned to Members 9,003,683. X X X X 0 0 0 Chris K Rhodes President / CEO 381221 0 0 0 7942 0 157522 0 18934 0 565619 0 0 0 Jim Jordan VP of Engineering 226057 0 0 0 6737 0 94339 0 16176 0 343309 0 0 0 Robert Chad Lewis VP of Operations 229927 0 0 0 7327 0 46425 0 13087 0 296766 0 0 0 Jennifer W Collins VP of Communications & Gov 202866 0 0 0 5825 0 65701 0 8588 0 282980 0 0 0 Ryan R Robertson Chief Financial Officer 232525 0 0 0 13029 0 19871 0 9778 0 275203 0 0 0 Ollen D McAlpin VP of Administration 220448 0 0 0 8026 0 18553 0 15445 0 262472 0 0 0 John Joseph Hardin Director of Plant and Faci 170632 0 0 0 1068 0 59542 0 14599 0 245841 0 0 0 James Keith King Director of Supply Chain 153940 0 0 0 929 0 50964 0 10669 0 216502 0 0 0 Form 990, Part VI, Section A, line 6 Southern Pine Electric Cooperative is a not-for-profit membership organization whose members have identical voting rights and are assigned margins in accordance with the organization's bylaws. Form 990, Part VI, Section A, line 7a Each member is entitled to cast one vote in the election of board members. Form 990, Part VI, Section A, line 7b Cooperative members must approve any disposition of assets in an amount greater than ten percent (10%) of the value of the cooperative and any other items described in the bylaws. Form 990, Part VI, Section B, line 11b The Chief Financial Officer and Manager of Accounting reviewed the completed copy of the Form 990. The Form 990 was then presented to and reviewed with the CEO and board of directors at a board meeting prior to filing the form with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c The President/CEO reviews the conflict of interest policy with the Board of Directors annually to ensure compliance. Form 990, Part VI, Section B, line 15 The compensation of the President/CEO is determined annually by the Board of Directors using compensation studies prepared by independent consultants. The President/CEO determines the compensation of other employees utilizing the same studies as above. Form 990, Part VI, Section C, line 19 Any and all documents, policies, and other records are made available to the public upon request during normal business hours at the headquarters office of the cooperative. The member bylaws and rate schedules are available online at southernpine.coop. Form 990, Part IX, Line 4 The instructions to the Form 990 indicate that organizations exempt under Section 501 (c)(12) should report "patronage dividends paid" to their members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to members for the calendar year. Form 990, Part XI, line 9: Changes in Memberships 2,165. Retirement of Capital Credits -7,500,003. Gain on Capital Credits 817,267. Margins Assigned/Assignable to Members 9,003,683.