2025-10-10T17:23:58-05:00 2024-12-31 994625061 CRI ADVISORS LLC 400 W PKWY PL SUITE 300 RIDGELAND MS 39157 990 2024-01-01 640367992 COOPERATIVE ENERGY COOP 6012682083 PO BOX 15849 HATTIESBURG MS 394045849 KEVIN R GRACE SR CHIEF FINANCIAL OFFICER 6012682083 2025-10-10 0 0 WILLIAM W IUPE P00073954 6018537050 2025-10-10 2024 2025-03-06 01:10:19Z JEFF BOWMAN PO BOX 15849 HATTIESBURG MS 394045849 1021873475 0 X WWW.COOPERATIVEENERGY.COM X 1941 MS PROVIDE AND TRANSMIT THROUGH GENERATION AND PURCHASE OF ELECTRICITY, WHOLESALE ELECTRICITY TO 11 MEMBER OWNED DISTRIBUTION COOPERATIVES, EACH SERVING RETAIL CONSUMERS. 24 24 572 0 0 0 0 0 1007193915 1018854712 2296246 3018763 0 0 1009490161 1021873475 397275 168500 20000000 20000000 74472805 80104362 0 0 0 914620081 921600613 1009490161 1021873475 0 0 2244889278 2328471749 1779770466 1853534616 465118812 474937133 PROVIDE AND TRANSMIT THROUGH GENERATION AND PURCHASE OF ELECTRICITY, WHOLESALE ELECTRICITY TO 11 MEMBER OWNED COOPERATIVES, EACH SERVING RETAIL CONSUMERS. 0 0 PROVIDE AFFORDABLE AND RELIABLE ELECTRIC ENERGY TO MEMBER COOPERATIVES. THE 11 MEMBER COOPERATIVES PROVIDE SERVICE TO APPROXIMATELY 456,000 METERS IN MISSISSIPPI. COOPERATIVE ENERGY AND THE 11 MEMBER SYSTEMS ARE CONSUMER-OWNED, NON-PROFIT BUSINESSES. DURING 2024, COOPERATIVE ENERGY PROVIDED MEMBER SYSTEMS WITH 10,227,219 MWH OF ENERGY. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 300 0 1 572 1 0 0 0 0 0 826159529 167199393 0 0 0 X 24 24 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MS X KEVIN R GRACE SR 6012682083 7037 HWY 49 N HATTIESBURG MS 39402 JEFF BOWMAN PRESIDENT/CEO 55.00 X 1111321 0 257965 CHRISTA BISHOP SR VICE PRESIDENT/CCO 50.00 X 358548 0 106210 GARY HUTSON SR VICE PRESIDENT/COO 50.00 X 381403 0 108196 KEVIN GRACE SR. VICE PRESIDENT/ CFO 44.00 X 340332 0 125274 DON HINTON SR VICE PRESIDENT/CCO 45.00 X 335654 0 92929 MARK SMITH SR VICE PRESIDENT POWER GE 48.00 X 354082 0 172347 JAMES EVANS SR VICE PRESIDENT/POWER DE 45.00 X 306393 0 232876 BRANDON SANDERS PLANT SUPERINTENDENT 43.00 X 228328 0 57724 MARK DODD VP INFORMATION SYSTEMS 42.00 X 223285 0 87897 JEFF BROWN PLANT SUPERINTENDENT 50.00 X 219447 0 70287 RONALD BARNES DIRECTOR 2.37 X 34789 0 0 KEVIN BONDS DIRECTOR 4.20 X 39593 0 0 JOEL CUNNINGHAM DIRECTOR 2.18 X X 33738 0 0 HOWARD DAVIS DIRECTOR 1.39 X 14817 0 0 RICHARD DOSSETT DIRECTOR 1.38 X 17268 0 0 TERI EATON DIRECTOR 1.45 X 32605 0 0 CARL FULLER DIRECTOR 2.26 X 32634 0 0 LESLIE HOLLOWAY DIRECTOR 2.05 X 18333 0 0 HARRY HOWARTH DIRECTOR 1.56 X 34395 0 0 BRIAN HUGHEY DIRECTOR 2.49 X 31600 0 0 KEITH HURT DIRECTOR 5.31 X X 32600 0 0 DOUGLAS MOONEY DIRECTOR 2.35 X 17518 0 0 MICHAEL NEELY DIRECTOR 4.36 X 32600 0 0 DAVID O'BRYAN DIRECTOR 2.73 X 11600 0 0 TIMOTHY PERKINS DIRECTOR 0.88 X 2400 0 0 HAROLD PITTMAN DIRECTOR 2.11 X 23600 0 0 CHRIS RHODES DIRECTOR 0.70 X 32200 0 0 RANDY SMITH DIRECTOR 1.78 X 32000 0 0 ROBERT SMITH DIRECTOR 1.94 X 32429 0 0 WILLIAM SMITH DIRECTOR 8.30 X 37300 0 0 ROBERT STEELE DIRECTOR 0.65 X 17402 0 0 BRYAN THOMAS DIRECTOR 1.74 X 33950 0 0 LOUIS THOMPSON DIRECTOR 1.98 X 34991 0 0 RICHARD THOMS DIRECTOR 2.25 X X 38826 0 0 MIKE TYNER DIRECTOR 4.69 X 35747 0 0 MATTHEW WARE DIRECTOR 1.77 X 30800 0 0 DANNY WILKS DIRECTOR 2.15 X 32845 0 0 RANDY WOOLLEY DIRECTOR 1.89 X 33455 0 0 4660828 0 1311705 10 0 1 0 SIEMENS ENERGY INC 4400 ALAFAYA TRAIL ORLANDO FL 32826 PLANT MAINTENANCE SERVICES 35453716 GE VERNOVA INTERNATIONAL LLC 58 CHARLES STREET CAMBRIDGE MA 02141 PLANT MAINTENANCE SERVICES 12526511 BURNS AND MCDONNELL ENGINEERING CO INC 9400 WARD PKWY KANSAS CITY KS 64114 ENGINEERING & CAP PROJ 5970451 CHAIN ELECTRIC COMPANY 1308 W PINE STREET HATTIESBURG MS 39401 ENGINEERING & CAP PROJ 5933001 STUART C IRBY COMPANY 1314 WEST PINE STREET HATTIESBURG MS 39401 PLANT MAINTENANCE SERVICES 3806707 134 REVENUE FROM MEMBERS 221000 842114715 842114715 REVENUE FROM NON-MEMBERS 221000 176526607 176526607 PROGRAM RELATED INVESTMENTS 221000 213390 213390 1018854712 2835501 2835501 183262 0 183262 183262 183262 1021873475 1019037974 0 2835501 168500 20000000 6243449 50976226 11159913 6983394 4741380 1013124 465862 523260 1797281 518597 4096851 4222322 1257863 50117859 110932000 5967500 PURCHASED POWER FOR RES 337843448 COAL, NAT GAS, NUCLEAR 247729740 TRANSMISSION SYS. O&M 73567451 GENERATION PLANT O&M 71680082 9867373 1021873475 14308713 18436230 61871345 65999008 80238972 86382373 61189874 69312673 187961060 171081552 3041634766 1273815202 1704022491 1767819564 134924280 149342747 372543 97602 2244889278 2328471749 117696554 112906135 1124533933 1435822092 312733222 82855222 224806757 221951167 1779770466 1853534616 X 0 0 0 0 465118812 474937133 465118812 474937133 2244889278 2328471749 X 0 9818321 X X 0 1 X 1 1 1 53613234 53613234 667072801 463257004 203815797 3617982 825603 2792379 1855065117 574363997 1280701120 462265632 235368598 226897034 1767819564 NUCLEAR DECOMMISSIONING TRUST 135827693 F INVESTMENT-FEDERAL ECONOMIC DEV FUNDS 2734722 C INVESTMENT-CAPITAL TERM CERTIFICATES 6223283 C INVESTMENT IN ASSOCIATED ORGANIZATIONS 1325676 C OTHER INVESTMENTS 3231373 C 149342747 ACCUM PROVISION FOR PENSIONS & BENEFITS 8141667 ASSET RETIREMENT OBLIGATIONS 130265454 CAPITAL LEASE - DISSOLVED 335072 DEF. CREDIT-POWER COST ADJUSTMENT 23781361 DEF.CREDIT-ECONOMIC DEVELOPMENT GRANTS 7955185 DEF.CREDIT-MEDICAL INSURANCE CONTRIBUTION ACCT 8956475 DEF. CREDIT - QUALITY OF LIFE FUND 18553 DEF. CREDIT - EMPLOYEE ASSISTANCE FUND 84201 UNREALIZED GAIN - DECOMMISSIONING TRUST 27176060 UNREALIZED GAIN- NATURAL GAS HEDGES 9304488 UNREALIZED GAIN - FINANCIAL TRANSMISSION RIGHTS 2943651 DEF. CREDIT -CAPACITY REVENUE 2989000 221951167 1021873475 0 1021873475 0 1021873475 1001873475 0 1001873475 20000000 20000000 1021873475 PART XII, LINE 4B - OTHER ADJUSTMENTS: PART XII, LINE 4B - OTHER ADJUSTMENTS 20,000,000. PART XII, LINE 4B 2024 NET MARGIN OF $20,000,000 IS REFLECTED AS EXPENSE ON THE FORM 990 SINCE THE MARGIN IS ALLOCATED TO THE 11 MEMBERS AS PATRONAGE CAPITAL, THOUGH NO PAYMENT WAS MADE TO THE MEMBERS IN 2024 FOR THIS ALLOCATED PATRONAGE CAPITAL 1 PEARL RIVER COUNTY PO BOX 730 POPLARVILLE MS 39470 646000952 GOVT 25000 0 ECONOMIC DEVELOPMENT GREENE COUNTY BOARD OF SUPERVISORS 413 GREENE AVENUE LEAKSVILLE MS 39451 646000390 GOVT 15000 0 ECONOMIC DEVELOPMENT SIPCAM AGRO SOLUTIONS 800 ODOM INDUSTRIAL PARK WAYNESBORO MS 39367 933918312 C CORP 25000 0 ECONOMIC DEVELOPMENT MARION COUNTY DEVELOPMENT PARTNERSHIP 412 COURTHOUSE SQ COLUMBIA MS 39429 450502805 501(C)6 12500 0 ECONOMIC DEVELOPMENT PIKE COUNTY ECONOMIC DEVELOPMENT 1156 COLLEGE DR SUMMIT MS 39666 640829853 501(C)3 31000 0 ECONOMIC DEVELOPMENT SCOTT COUNTY BOARD OF SUPERVISORS 100 E MAIN ST FOREST MS 39074 646001053 GOVT 50000 0 ECONOMIC DEVELOPMENT GREENWOOD LEFLORE ECONOMIC DEVELOPMENT 402 HWY 82W GREENWOOD MS 38930 640640864 501(C)6 10000 0 ECONOMC DEVELOPMENT 1 6 PART I, LINE 2: THE COOPERATIVE ENERGY BOARD OF DIRECTORS EVALUATES REQUESTS, SUBSEQUENT TO SCREENING BY MEMBER SYSTEM BOARD OF DIRECTORS, FOR PROJECTS THAT WILL ENHANCE OR STIMULATE ECONOMIC GROWTH IN MEMBER SYSTEM AREAS. THE COOPERATIVE ENERGY BOARD APPROVES THESE REQUESTS PRIOR TO DISBURSEMENT. X X X 0 0 0 JEFF BOWMAN PRESIDENT/CEO 1102723 0 0 0 8598 0 230763 0 27202 0 1369286 0 0 0 CHRISTA BISHOP SR VICE PRESIDENT/CCO 335024 0 13737 0 9787 0 82962 0 23248 0 464758 0 0 0 GARY HUTSON SR VICE PRESIDENT/COO 356398 0 14555 0 10450 0 77526 0 30670 0 489599 0 0 0 KEVIN GRACE SR. VICE PRESIDENT/ CFO 318907 0 13500 0 7925 0 95226 0 30048 0 465606 0 0 0 DON HINTON SR VICE PRESIDENT/CCO 318529 0 13322 0 3803 0 64800 0 28129 0 428583 0 0 0 MARK SMITH SR VICE PRESIDENT POWER GE 334588 0 13735 0 5759 0 145855 0 26492 0 526429 0 0 0 JAMES EVANS SR VICE PRESIDENT/POWER DE 284334 0 11600 0 10459 0 209391 0 23485 0 539269 0 0 0 BRANDON SANDERS PLANT SUPERINTENDENT 208192 0 8477 0 11659 0 30101 0 27623 0 286052 0 0 0 MARK DODD VP INFORMATION SYSTEMS 204292 0 8268 0 10725 0 66060 0 21837 0 311182 0 0 0 JEFF BROWN PLANT SUPERINTENDENT 206892 0 7186 0 5369 0 45170 0 25117 0 289734 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE BOARD OF DIRECTORS OF COOPERATIVE ENERGY CONSISTS OF 2 DIRECTORS FROM EACH OF THE 11 MEMBER NONPROFIT DISTRIBUTION COOPERATIVES THAT OWN COOPERATIVE ENERGY, PLUS 2 AT LARGE DIRECTORS WHO ALSO SERVE ON THE BOARD OF DIRECTORS OF THE MEMBER COOPERATIVE FOR A TOTAL OF 24 DIRECTORS. ELEVEN DIRECTORS SERVING ON COOPERATIVE ENERGY'S BOARD OF DIRECTORS ARE GENERAL MANAGER OF THE MEMBER COOPERATIVE. THUS THE GENERAL MANAGER AND DIRECTOR FROM EACH MEMBER COOPERATIVE HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER WHILE SERVING AS DIRECTORS FOR COOPERATIVE ENERGY. FORM 990, PART VI, SECTION A, LINE 6 SEE RESPONSE TO PART VI SECTION A QUESTION 2 ABOVE. FORM 990, PART VI, SECTION A, LINE 7A SEE RESPONSE TO PART VI SECTION A QUESTION 2 ABOVE. FORM 990, PART VI, SECTION A, LINE 7B SEE RESPONSE TO PART VI SECTION A QUESTION 2 ABOVE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 2024 FORM 990 WAS REVIEWED WITH THE BUDGET AND FINANCE COMMITTEE AND REPORTED TO THE BOARD OF DIRECTORS. ON THE BUDGET AND FINANCE COMMITTEE'S RECOMMENDATION, THE BOARD AUTHORIZED THE EXECUTION AND FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ENFORCEMENT - DIRECTORS, OFFICERS, AND KEY EMPLOYEES ANNUALLY COMPLETE, AND SIGN, A QUESTIONAIRE RELATIVE TO INDEPENDENCE, BUSINESS RELATIONSHIPS, ETC. DIRECTORS SHALL AVOID ACTUAL OR APPARENT CONFLICTS BETWEEN PERSONAL INTERESTS AND OFFICIAL RESPONSIBILITIES ON BEHALF OF COOPERATIVE ENERGY. A CONFLICT OCCURS WHEN A DIRECTOR OR FAMILY MEMBER HAS PRIVATE INTERESTS THAT INTERFERE WITH THE DIRECTOR'S RESPONSIBILITY TO ACT OBJECTIVELY AND EFFECTIVELY IN THE BEST INTEREST OF COOPERATIVE ENERGY. ANY DIRECTOR WHO BECOMES AWARE THAT THE CONDUCT OF OTHERS VIOLATES THIS CODE IS OBLIGATED TO REPORT THE VIOLATION TO THE GENERAL COUNSEL. FORM 990, PART VI, SECTION B, LINE 15A COOPERATIVE ENERGY HAS COMPENSATION RANGES THAT WERE ESTABLISHED BY AN INDEPENDENT CONSULTANT. IN 2024, THE ORGANIZATION AGAIN ENGAGED THE CONSULTANT TO REVIEW AND ADJUST THESE RANGES TO ENSURE THEY REMAINED FAIR, EQUITABLE, AND COMPETITIVE WITH MARKET TRENDS. THE CONSULTANT ANALYZED MULTIPLE COMPENSATION SURVEYS AND OTHER MARKET DATA TO PROVIDE COMPARABLE COMPENSATION INFORMATION. THIS INFORMATION WAS USED TO EVALUATE EXECUTIVE MANAGEMENT TEAM SALARIES AND TO ENSURE THAT THE CEO'S SALARY RECOMMENDATIONS FOR THE TEAM WERE ALIGNED WITH MARKET BENCHMARKS. THE BUDGET AND FINANCE COMMITTEE AND THE BOARD OF DIRECTORS APPROVED THESE RECOMMENDATIONS. THE BOARD OF DIRECTORS DETERMINED THE CEO'S SALARY BASED ON MARKET DATA AND COMPENSATION SURVEYS. FORM 990, PART VI, SECTION C, LINE 19 RECEPTIONISTS HAVE BEEN INFORMED THAT THE FORM 990 WILL BE MADE AVAILABLE. FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS 9,818,321. FORM 990, PART XI, LINE 9 - OTHER CHANGE IN ASSET OR FUND BALANCE EXCESS OF REVENUES OVER EXPENSES, OR NET MARGIN OF $20,000,000, IS ALLOCATED TO THE 11 MEMBER COOPERATIVES BASED ON SALES. THIS IS ONLY AN ALLOCATION OF PATRONAGE CAPITAL. NO ACTUAL PAYMENT IS MADE TO THE MEMBERS. THIS ALLOCATION OF PATRONAGE CAPITAL IS SHOWN AS A FUNCTIONAL EXPENSE IN PART IX, NUMBER 4, PER FORM 990 INSTRUCTIONS EFFECTIVE FOR 2024 REPORTING. COOPERATIVE ENERGY DOES NOT INCLUDE THIS ALLOCATION OF PATRONAGE CAPITAL AS AN EXPENSE FOR FINANCIAL REPORTING. DURING 2024 PATRONAGE CAPITAL AMOUNTING TO $10,181,679.53 WAS RETIRED. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN THE PROCESS FOR THE 2024 TAX YEAR. COOPERATIVE ENERGY GRAND GULF I DECOMMISSIONING TRUST PO BOX 1071 HATTIESBURG MS 39403 646195446 INVESTMENTS MS COOPERATIVE ENERGY T 3612074 135827693 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0