SINGING RIVER ELECTRIC COOPERATIVE: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- SINGING RIVER ELECTRIC COOPERATIVE (EIN 64-0239641)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-07-08
- IRS object ID
- 201321899349300337
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-07-08T14:18:29-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 631035228 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Jackson Thornton & Co PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O Box 96 | AddressLine1 |
| City | Montgomery | City |
| State | AL | State |
| ZIP Code | 361010096 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 640239641 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Singing River Electric Power Association | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SING | NameControl |
| Phone | 6019474211 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11187 Old 63 South PO Box 767 | AddressLine1 |
| City | Lucedale | City |
| State | MS | State |
| ZIP Code | 39452 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Harvey Lee Hedegaard | Name |
| Title | CEO & General Manager | Title |
| Phone | 6019474211 | Phone |
| Date Signed | 2013-06-18 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PATRICK COOPER | Name |
| PTIN | P00856177 | PTIN |
| Phone | 3348347660 | Phone |
| Date Prepared | 2013-06-18 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Harvey Lee Hedegaard | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11187 Old 63 South PO Box 767 | AddressLine1 |
| City | Lucedale | City |
| State | MS | State |
| ZIP Code | 39452 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 161817730 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.singingriver.com | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1938 | YearFormation |
| State Legal Domicile | MS | StateLegalDomicile |
| Activity Or Mission Description | To provide safe and reliable electric service at the lowest possible cost while promoting energy efficiency and enhancing the lives of the members and communities we serve. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 216 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 159748153 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 159646971 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 569709 | InvestmentIncomePriorYear |
| Investment Income Current Year | 656556 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1710175 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1492511 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 162028037 | TotalRevenuePriorYear |
| Total Revenue Current Year | 161796038 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 16303 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 14759 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 12410196 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 11443129 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 914026 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 938201 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 148687512 | OtherExpensePriorYear |
| Other Expenses Current Year | 149399949 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 162028037 | TotalExpensesPriorYear |
| Total Expenses Current Year | 161796038 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 0 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 0 | RevenuesLessExpensesCY |
| Total Assets BOY | 291158817 | TotalAssetsBOY |
| Total Assets EOY | 304471875 | TotalAssetsEOY |
| Total Liabilities BOY | 167901236 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 174633629 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 123257581 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 129838246 | NetAssetsOrFundBalancesEOY |
| Mission Description | To provide safe and reliable electric service at the lowest possible cost while promoting energy efficiency and enhancing the lives of the members and communities we serve. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | Singing River Electric Power Association is an electric distribution cooperative that provided 71,208 services to 54,288 members in southeast Mississippi and southwest Alabama in 2012. Singing River Electric maintained distribution lines in Jackson, George, Greene, Harrison, Perry, Stone and Wayne counties in Mississippi as well as Mobile and Washington counties in Alabama. Utilizing its 7,086 miles of electric distribution lines, Singing River Electric sold 1,368,920,674 kilowatt hours of electric energy to its members. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 73 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 216 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Gross Income From Members | 153053934 | GrossIncomeFromMembers |
| Gross Income Other Sources | 7258406 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Tammy Hultz | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6019474211 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11187 Old 63 South | AddressLine1 |
| City | Lucedale | City |
| State | MS | State |
| ZIP Code | 39452 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (16 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Ralph Hicks | |||||||
| Director/President | 5.00 | X | 25645 | 0 | 0 | ||
| Ronald Hall | |||||||
| Director/Vice President | 4.00 | X | 24761 | 0 | 0 | ||
| Kristal Sisson | |||||||
| Director/Secretary | 5.00 | X | 23740 | 0 | 0 | ||
| Cary Williams | |||||||
| Director/Treasurer | 5.00 | X | 23636 | 0 | 0 | ||
| Travis Baxter | |||||||
| Director | 4.00 | X | 23945 | 0 | 0 | ||
| Edward Thornton | |||||||
| Director | 3.00 | X | 6430 | 0 | 0 | ||
| Roy Grafe | |||||||
| Director | 5.00 | X | 14765 | 0 | 0 | ||
| GA Parnell | |||||||
| Director | 4.00 | X | 23512 | 0 | 0 | ||
| William Hollinghead | |||||||
| Director | 6.00 | X | 15135 | 0 | 0 | ||
| Harvey Lee Hedegaard | |||||||
| CEO & General Manager | 65.00 | 235194 | 0 | 95095 | X | ||
| Tammy Y Hultz | |||||||
| Manager of Accounting | 45.00 | 127997 | 0 | 45396 | X | ||
| Michael R Smith | |||||||
| Assistant General Manager | 50.00 | 171385 | 0 | 81565 | X | ||
| Horace J Necaise III | |||||||
| Gautier District Manager | 50.00 | 116838 | 0 | 48856 | X | ||
| James Chipley | |||||||
| Serviceman | 60.00 | 101453 | 0 | 38959 | X | ||
| Robert Fairley | |||||||
| Serviceman | 60.00 | 101496 | 0 | 41922 | X | ||
| James D Miller | |||||||
| Manager of IT | 40.00 | 100940 | 0 | 40352 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1136872 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 392145 | TotalOtherCompensation |
| Number Individuals GT100 K | 7 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Treeline Services LLC | |||||
| 126 Strickland Rd | Lucedale | MS | 39452 | Right of Way Services | 1771631 |
| Southern ROW & Line Clearance Inc | |||||
| 6603 Baker Road | Vancleave | MS | 39565 | Right of Way Services | 1108716 |
| Fletcher Construction Co Inc | |||||
| PO Drawer 1509 | Pascagoula | MS | 39568 | General Plant & Substation Construction | 1035353 |
| US Postal Service | |||||
| 209 Cox Street | Lucedale | MS | 39452 | Postal Services | 268821 |
| Mark Maples Escrow | |||||
| 362 Summer Street | Lucedale | MS | 39452 | Land Escrow Services | 114000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 6 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| Sales of electricity | 221000 | 153053934 | 153053934 |
| Patronage capital | 221000 | 6593037 | 6593037 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 159646971 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 600003 | TotalRevenueColumn |
| Exclusion | $600,003 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | 1490729 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | 0 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | 1490729 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1490729 | TotalRevenueColumn |
| Exclusion | $1,490,729 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 72809 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 16256 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 56553 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 56553 | TotalRevenueColumn |
| Exclusion | $56,553 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 7218 | GrossSalesOfInventory |
| Cost Of Goods Sold | 5436 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1782 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1782 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 161796038 | TotalRevenueColumn |
| Related Or Exempt Function Income | 159648753 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $2,147,285 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14759 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11443129 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 938201 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5985922 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7628581 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| Cost of power | 113886207 |
| Dist Exp-Maintenance | 6918657 |
| Consumer Accounts Exp | 5755906 |
| Admin & Gen Expenses | 5642268 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3582408 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 161796038 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19695691 | BOY |
| EOY | 23693651 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4626000 | BOY |
| EOY | 4663000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11241728 | BOY |
| EOY | 11082729 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2752778 | BOY |
| EOY | 3011000 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1731756 | BOY |
| EOY | 1641705 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 530457 | BOY |
| EOY | 551213 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 279223707 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 67518460 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 209010013 | BOY |
| EOY | 211705247 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 40862698 | BOY |
| EOY | 47371075 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 707696 | BOY |
| EOY | 752255 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 291158817 | BOY |
| EOY | 304471875 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12044445 | BOY |
| EOY | 12498136 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 130546517 | BOY |
| EOY | 130547552 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25310274 | BOY |
| EOY | 31587941 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 167901236 | BOY |
| EOY | 174633629 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 284840 | BOY |
| EOY | 287180 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 122972741 | BOY |
| EOY | 129551066 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 123257581 | BOY |
| EOY | 129838246 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 291158817 | BOY |
| EOY | 304471875 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 0 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 6580665 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2420682 | OtherCostOrOtherBasis |
| Book Value | 2420682 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 276803025 | OtherCostOrOtherBasis |
| Depreciation | 67518460 | Depreciation |
| Book Value | 209284565 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 211705247 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (3 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Patronage Capital - South Mississippi Electric Power Association | 43200492 | C |
| Capital Term Certificates | 2169204 | C |
| Other Investments in Associated Organizations | 2001379 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 47371075 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Accumulated post-retirement benefit obligation | $25,907,162 |
| Deferred compensation | $752,255 |
| Current portion of FAS 106 maturities | $1,011,700 |
| Customer deposits | $3,916,824 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 31587941 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 161796038 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 161796038 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 161796038 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 150352909 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 150352909 | ExpensesSubtotal |
| Other Expenses Not Included | 11443129 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 11443129 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 161796038 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Description of Uncertain Tax Positions Under FIN 48: | Part X, Line 2: | Income taxes - The Association is exempt from income taxes under Internal Revenue Code Section 501(c)(12). Management has evaluated the Association's tax positions and concluded that the Association has taken no uncertain tax positions that require adjustment to the financial statements. With few exceptions, the Association is no longer subject to income tax examinations by the federal, state, or local tax authorities for years before 2009. |
| Part XII, Line 4b - Other Adjustments: | Margins assigned/assignable to members 11,443,129. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Procedure for Monitoring Grants in the U.S.: | Identifier |
| Return Reference | Part I, Line 2: | ReturnReference |
| Explanation | Schedule I, Part I, Line 2: Neighbors Helping Neighbors community grants help Singing River Electric merge efforts with the hard work of those within our communities. The program awards two grants for up to $2500 each, three times a year in January, May, and September. The grants are available to non-profit organizations helping communities within Singing River Electric's service territory in education, civic, community development and economic development. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Harvey Lee Hedegaard | ||||||||||||||
| CEO & General Manager | 227439 | 0 | 0 | 0 | 7755 | 0 | 76922 | 0 | 18173 | 0 | 330289 | 0 | 0 | 0 |
| Tammy Y Hultz | ||||||||||||||
| Manager of Accounting | 127324 | 0 | 0 | 0 | 673 | 0 | 42077 | 0 | 3319 | 0 | 173393 | 0 | 0 | 0 |
| Michael R Smith | ||||||||||||||
| Assistant General Manager | 165753 | 0 | 0 | 0 | 5632 | 0 | 64446 | 0 | 17119 | 0 | 252950 | 0 | 0 | 0 |
| Horace J Necaise III | ||||||||||||||
| Gautier District Manager | 112789 | 0 | 0 | 0 | 4049 | 0 | 32657 | 0 | 16199 | 0 | 165694 | 0 | 0 | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| Form 990, Part VI, Section A, line 6 | Singing River Electric Power Association 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 | The members of Singing River Electric Power Association may elect one or more members of the governing body at the annual meeting. | |
| Form 990, Part VI, Section A, line 7b | The business and affairs of the organization are managed by the Board of Directors which exercises all of the powers of the organization except such as are by law, or by the Certificate of Incorporation of the organization, or by the bylaws conferred upon or reserved to the members. Decisions to sell, lease, or otherwise dispose of more than ten percent of the organization's property must be approved by the membership. | |
| Form 990, Part VI, Section B, line 11 | Tammy Hultz, Manager of Accounting & Finance, and Lee Hedegaard, CEO and General Manager, reviewed a completed copy of the Form 990. The Form 990 was then presented to and reviewed with the board of directors at one of the board meetings prior to filing the form with the Internal Revenue Service. The presentation of the form to the directors is reflected in the board minutes. Lee Hedegaard then signed the IRS e-file authorization form allowing the Form 990 to be electronically filed with the Internal Revenue Service. | |
| Form 990, Part VI, Section B, line 12c | Singing River Electric Power Association has a board policy named the "Board of Directors and Officers Code of Ethics." The policy includes a certification of compliance, and each board member and officer signs the certificate annually to state they have read and fully understood the "Board of Directors and Officers Code of Ethics" and recognize that he/she is subject to the code. | |
| Form 990, Part VI, Section B, line 15 | Singing River Electric Power Association has a board policy that is named the "General Manager and CEO Evaluation and Compensation." A committee from the Board of Directors completes an evaluation regarding the General Manager & CEO's performance. The General Manager & CEO's compensation is compared to national, state, and regional compensation for other general managers of similar size to Singing River Electric Power Association. The General Manager & CEO uses comparable compensation data when reviewing and evaluating the compensation of the other employees. | |
| Form 990, Part VI, Section C, line 19 | Singing River Electric Power Association allows members to inspect a copy of the by-laws, financial statements, and conflict of interest policy at the main office. | |
| Form 990, Part IX, Line 4 | The instructions to the 2012 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. Singing River Electric Power Association has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. Singing River Electric Power Association assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2012. | |
| Form 990, Part XI, line 9: | Change in memberships 2,340. Actuarial loss -4,899,800. Amortization of unrecognized losses 182,100. Amortization of the transition obligation 270,000. Retirement of capital credits -1,213,074. Unclaimed capital credits 795,970. Net margins assigned/assignable to members 11,443,129. | Changes in Net Assets or Fund Balances: |
| Form 990, Part XII, Line 2c | The filing organization did not change its processes of oversight and selection for the year ended December 31, 2012. |