2015-11-09T13:48:13-06:00 2014-12-31 640751580 WILSON & BIGGS PLLC PO BOX 930 RIDGELAND MS 39158 990 2014-01-01 640195613 MAGNOLIA ELECTRIC POWER ASSOCIATION MAGN 6016844011 PO BOX 747 MCCOMB MS 39648 DARRELL SMITH GENERAL MANAGER 6016844011 2015-11-09 true GEORGE M BIGGS JR P00912499 6019572001 2015-11-09 2014 2016-04-25 22:37:26Z DARRELL SMITH PO BOX 747 MCCOMB MS 39648 90385526 false X WWW.MAGNOLIAEPA.COM X 1938 MS MEMBER OWNED ELECTRIC COOPERATIVE. 9 9 94 0 0 84136888 87394114 661842 833873 2593875 2157539 87392605 90385526 0 7083293 6387903 602237 696167 0 0 79707075 83301456 87392605 90385526 0 144399552 157639510 63800387 72157552 80599165 85481958 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 17 0 94 true false false false false false 91348842 2939880 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 ODELL MCKENZIE DIRECTOR 11.00 X 12000 0 7880 BRUCE MCCAFFERY DIRECTOR 11.00 X 12000 0 7880 JOHN L MCCABE SEC.-TREA. 9.00 X X 10000 0 7880 PAT ARD DIRECTOR 10.50 X 9500 0 0 JERRY L SISCO DIRECTOR 10.00 X 9000 0 7880 DENNIS WILSON VICE PRESIDE 10.00 X X 9000 0 3204 HOLLIS ALFORD PRESIDENT 9.00 X X 7500 0 0 SCOTT SMITH DIRECTOR 10.50 X 7500 0 0 CARL FULLER DIRECTOR 11.00 X 7250 0 7880 DARRELL SMITH GENERAL MANA 60.00 X 240582 0 47967 TONY NETTLES MANAGER-ADMI 40.00 X 89979 0 28733 AARON ACHORD MANAGER-ENG 40.00 X 129841 0 32711 544152 152015 2 false true false KINCO LLC 63226 COMMERCIAL STREET ROSELAND LA 70456 LINE CONSTRUCT. 1881452 PIKE ELECTRIC CORPORATION PO BOX 1000 MEMPHIS TN 381480517 LINE CONSTRUC 1141755 BARNES ROW 2100 SMITHBURG ROAD OSYKA MS 39657 RIGHT-OF WAY 1070681 ASPLUNDH TREE EXPERT CO PO BOX 532729 ATLANTA GA 303532729 RIGHT-OF WAY 1058413 DEVINEY CONSTRUCTION CO PO BOX 22679 JACKSON MS 39205 LINE CONSTRUCTI 848289 5 MEMBERSHIP REVENUES 221000 86609688 86609688 POLE RENTAL 221000 784426 784426 87394114 806615 806615 27258 27258 27258 27258 PATRONAGE CAPITAL CREDITS 221000 2170971 2170971 SCM BETA PARTNERSHIP I 900099 -974 -974 SCM ALTERNATIVE INCOME I 900099 -12458 -12458 2157539 90385526 88807917 1577609 6387903 533615 162552 28148 28819 50989 81900 1704160 4881889 COST OF POWER 63732968 DISTRIBUTION - MAINTENANC 6764168 DISTRIBUTION - OPERATIONS 2577933 CONSUMER ACCOUNTS 1625829 1824653 90385526 0 0 0 1617820 7706067 2243603 97573 3731331 4307514 495482 753864 10332778 13782116 145379396 47592968 94850762 97786428 5186787 5280538 25940989 27925410 144399552 157639510 9301562 8422506 46729098 55658146 7769727 8076900 63800387 72157552 X 80599165 85481958 80599165 85481958 144399552 157639510 0 17524 4865269 X false true X true false 145379396 47592968 97786428 97786428 PATRONAGE CAPITAL 27425189 REDLEG NOTES RECEIVABLE 500221 27925410 POST RETIREMENT BENEFIT OBLIGATION 8052500 DEFERRED CREDITS 24400 8076900 X 90346774 90346774 50989 -12237 38752 90385526 83946634 83946634 50989 6387903 6438892 90385526 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, 2014 WERE 2011 - 2014. SCHEDULE D, PAGE 4, PART XI, LINE 4B PARTNERSHIP LOSSES -12,237 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDENDS ALLOCATED 6,387,903 X false false false DARRELL SMITH GENERAL MANAGER 240582 33251 14716 288549 AARON ACHORD MANAGER-ENG & OPER. 129841 19577 13134 162552 FORM 990 PART IX, LINE 4 - BENEFITS PAID TO MEMBERS THIS LINE INCLUDES PATRONAGE CAPITAL ACTUALLY ALLOCATED DURING 2014, NOT PATRONAGE CAPITAL RETIRED DURING 2014. 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 PARTNERSHIP LOSSES 12,237 PATRONAGE DIVIDENDS ALLOCATED 6,387,903 FORM 990, PART XI, LINE 9 INCREASE IN MEMBERSHIPS 5,845 DONATED CAPITAL DURING THE YEAR 464,690 AMORTIZATION OF ACTUARIAL LOSS 119,900 ACTUARIAL GAIN 315,471 RETIREMENT OF CAPITAL CREDITS 2,440,777