COOPERATIVE ENERGY A MISSISSIPPI ELECTRIC COOPERATIVE: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- COOPERATIVE ENERGY A MISSISSIPPI ELECTRIC COOPERATIVE (EIN 64-0367992)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-07-15
- IRS object ID
- 201341989349300144
- 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 | 2013-07-15T15:40:45-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 640367992 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SOUT | NameControl |
| Phone | 6012682083 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 15849 | AddressLine1 |
| City | HATTIESBURG | City |
| State | MS | State |
| ZIP Code | 394045849 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RAYMOND HALEY | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Phone | 6012682083 | Phone |
| Date Signed | 2013-06-14 | DateSigned |
| 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 | JAMES COMPTON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 15849 | AddressLine1 |
| City | HATTIESBURG | City |
| State | MS | State |
| ZIP Code | 394045849 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 771868875 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | HTTP://WWW.SMEPA.COOP/ | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1941 | YearFormation |
| State Legal Domicile | MS | StateLegalDomicile |
| Activity Or Mission Description | PROVIDE AND TRANSMIT THROUGH GENERATION AND PURCHASE OF ELECTRICITY, WHOLESALE ELECTRICITY TO 11 MEMBER OWNER COOPERATIVES, EACH SERVING RETAIL CONSUMERS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 22 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 22 | NbrIndependentVotingMembers |
| Total Nbr Employees | 405 | 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 | 766642929 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 771844531 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 40007 | InvestmentIncomePriorYear |
| Investment Income Current Year | 24344 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 766682936 | TotalRevenuePriorYear |
| Total Revenue Current Year | 771868875 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 101000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 70000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 29388000 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 42513099 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 34298536 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 35224299 | 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 | 702895400 | OtherExpensePriorYear |
| Other Expenses Current Year | 694061477 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 766682936 | TotalExpensesPriorYear |
| Total Expenses Current Year | 771868875 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 0 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 0 | RevenuesLessExpensesCY |
| Total Assets BOY | 1393255444 | TotalAssetsBOY |
| Total Assets EOY | 1893954393 | TotalAssetsEOY |
| Total Liabilities BOY | 1155530175 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1613716025 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 237725269 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 280238368 | NetAssetsOrFundBalancesEOY |
| Mission Description | PROVIDE AND TRANSMIT THROUGH GENERATION AND PURCHASE OF ELECTRICITY, WHOLESALE ELECTRICITY TO 11 MEMBER OWNER COOPERATIVES, EACH SERVING RETAIL CONSUMERS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | PROVIDE AFFORDABLE AND RELIABLE ELECTRIC ENERGY TO MEMBER COOPERATIVES. THE 11 MEMBER COOPERATIVES PROVIDE SERVICE TO MORE THAN 400,000 METERS IN MISSISSIPPI. SOUTH MISSISSIPPI ELECTRIC AND THE 11 MEMBER SYSTEMS ARE CONSUMER-OWNED, NON-PROFIT BUSINESSES. DURING 2012 SOUTH MISSISSIPPI ELECTRIC PROVIDED MEMBER SYSTEMS WITH 9,837,766 MWH OF ENERGY. | 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 | 0 | 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 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 405 | 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 | 754507654 | GrossIncomeFromMembers |
| Gross Income Other Sources | 17336877 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 22 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 22 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 1 | 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 | 0 | 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 |
| States Where Copy Of Return Is Filed | MS | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RAYMOND HALEY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6012682083 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7037 HWY 49 N | AddressLine1 |
| City | HATTIESBURG | City |
| State | MS | State |
| ZIP Code | 39401 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (33 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| BILLY BERRY | ||||||||
| DIRECTOR | 5.20 | X | 16800 | 0 | 0 | |||
| ROY C GRAFE | ||||||||
| DIRECTOR | 4.20 | X | 16800 | 0 | 0 | |||
| WILLIAM H HARDIN | ||||||||
| DIRECTOR | 4.00 | X | 22400 | 0 | 0 | X | ||
| HARVEY LEE HEDEGAARD | ||||||||
| DIRECTOR | 4.30 | X | 18400 | 0 | 0 | |||
| KEITH W HURT | ||||||||
| DIRECTOR | 7.00 | X | 17600 | 0 | 0 | |||
| CHARLES A LOPEZ | ||||||||
| DIRECTOR | 3.00 | X | 8800 | 0 | 0 | |||
| DON JORDAN | ||||||||
| DIRECTOR | 10.40 | X | 24000 | 0 | 0 | X | ||
| WA KENDRICK | ||||||||
| DIRECTOR | 2.80 | X | 12800 | 0 | 0 | |||
| GREG KITCHENS | ||||||||
| DIRECTOR | 3.90 | X | 12000 | 0 | 0 | |||
| MACK MAULDIN | ||||||||
| DIRECTOR | 2.60 | X | 23200 | 0 | 0 | X | ||
| PERCY MCCAA | ||||||||
| DIRECTOR | 6.20 | X | 22400 | 0 | 0 | |||
| JOHN W MOSLEY | ||||||||
| DIRECTOR | 6.30 | X | 18400 | 0 | 0 | |||
| BOB OCCHI | ||||||||
| DIRECTOR | 3.10 | X | 21600 | 0 | 0 | |||
| GORDON REDD JR | ||||||||
| DIRECTOR | 2.90 | X | 9600 | 0 | 0 | |||
| JOHN B REED | ||||||||
| DIRECTOR | 5.00 | X | 16000 | 0 | 0 | |||
| RW ROBERTSON | ||||||||
| DIRECTOR | 3.50 | X | 18400 | 0 | 0 | |||
| JOE SHELTON III | ||||||||
| DIRECTOR | 3.70 | X | 3200 | 0 | 0 | |||
| CH SHELTON | ||||||||
| DIRECTOR | 5.20 | X | 20800 | 0 | 0 | |||
| JERRY LAMAR SISCO | ||||||||
| DIRECTOR | 2.40 | X | 16000 | 0 | 0 | |||
| RANDY SMITH | ||||||||
| DIRECTOR | 2.20 | X | 18400 | 0 | 0 | |||
| WILLIAM D SMITH | ||||||||
| DIRECTOR | 7.00 | X | 18400 | 0 | 0 | |||
| LOUIS S THOMPSON | ||||||||
| DIRECTOR | 4.00 | X | 18400 | 0 | 0 | |||
| RANDY WALLACE | ||||||||
| DIRECTOR | 3.80 | X | 17600 | 0 | 0 | |||
| HENRY C WATERER JR | ||||||||
| DIRECTOR | 9.50 | X | 32000 | 0 | 0 | X | ||
| JAMES COMPTON | ||||||||
| GENERAL MANAGER/CEO | 50.00 | 772266 | 0 | 137587 | X | |||
| RAYMOND HALEY | ||||||||
| CHIEF FINANCIAL OFFICER | 45.00 | 233790 | 0 | 82385 | X | |||
| MARCUS WARE | ||||||||
| ASST. GENERAL MANAGER | 50.00 | 276529 | 0 | 100039 | X | |||
| NATHAN BROWN | ||||||||
| CHIEF OPERATING OFFICER | 50.00 | 264181 | 0 | 115242 | X | |||
| TERRY LEE | ||||||||
| CHIEF ENGINEERING OFFICER | 45.00 | 198595 | 0 | 141421 | X | |||
| JAMES B EDWARDS | ||||||||
| DIRECTOR, GENERATION RESOURCES | 68.00 | 185704 | 0 | 52172 | X | |||
| BRAD WOLFE | ||||||||
| CHIEF POWER DELIVERY | 40.00 | 182933 | 0 | 55930 | X | |||
| ROGER SMITH | ||||||||
| DIRECTOR OF WHOLESALE SERVICES | 45.00 | 154435 | 0 | 90712 | X | |||
| JERRY PIERCE | ||||||||
| DIR. TRANSMISSION CONSTRUC | 40.00 | 141577 | 0 | 43656 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2834010 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 819144 | TotalOtherCompensation |
| Number Individuals GT100 K | 27 | 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 |
|---|---|---|---|---|---|
| BURNS & MCDONNELL ENGINEERING | |||||
| PO BOX 411883 | KANSAS CITY | MO | 641411883 | ENGINEERING & CAP PROJ MGT | 12982487 |
| MIDWEST UNDERGROUND TECHNOLOGY | |||||
| 2626 MIDWEST COURT | CHAMPAIGN | IL | 61822 | MICROWAVE NETWORK CONST. | 9680686 |
| GENERAL ELECTRIC | |||||
| PO BOX 643449 | PITTSBURG | PA | 15264 | REPOWERING PROJECT EQUIP | 7838837 |
| THE SAXON GROUP | |||||
| 790 BROGDON RD | SUWANEE | GA | 30024 | REPOWER PROJ CONST SVC | 6281481 |
| URS CORPORATION | |||||
| PO BOX 201008 | AUSTIN | TX | 787201088 | ENG, PROC. CONST, PLANT UPGR | 3811219 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 62 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| REVENUE FROM MEMEBERS | 221000 | 754507654 | 754507654 |
| PROGRAM RELATED INVESTMENTS | 221000 | 11148334 | 11148334 |
| REVENUE FROM NON-MEMBERS | 221000 | 6031120 | 6031120 |
| BYPRODUCT SALES & ROYALTIES | 221000 | 157423 | 157423 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 771844531 | TotalProgramServiceRevenue |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 24344 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 0 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 24344 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 24344 | TotalRevenueColumn |
| Related Or Exempt Function Income | 24344 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 771868875 | TotalRevenueColumn |
| Related Or Exempt Function Income | 771868875 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 70000 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 42513099 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2353678 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22564293 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5032672 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3053252 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2220404 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 514760 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 254418 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92877 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 693800 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 82175 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1416516 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 575523 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 337091 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 43807572 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47460780 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2090366 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| POWER PURCH FOR RESALE | 426055290 |
| COAL, NAT. GAS, NUCLEAR | 108088510 |
| GENERATION PLANT O & M | 31179085 |
| TRANS SYSTEM O & M | 24607554 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6805160 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 771868875 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2375884 | BOY |
| EOY | 19479282 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 30360985 | BOY |
| EOY | 2684384 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62407533 | BOY |
| EOY | 64512604 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 65279626 | BOY |
| EOY | 97205836 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 94358451 | BOY |
| EOY | 70598245 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 2109278385 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 693689614 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1083252313 | BOY |
| EOY | 1415588771 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55126116 | BOY |
| EOY | 223696338 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 94536 | BOY |
| EOY | 188933 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1393255444 | BOY |
| EOY | 1893954393 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 84350487 | BOY |
| EOY | 68209945 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 55605000 | BOY |
| EOY | 51125000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 757012846 | BOY |
| EOY | 856839441 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 43725000 | BOY |
| EOY | 451562000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 214836842 | BOY |
| EOY | 185979639 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1155530175 | BOY |
| EOY | 1613716025 | 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 | 0 | BOY |
| EOY | 0 | 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 | 237725269 | BOY |
| EOY | 280238368 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 237725269 | BOY |
| EOY | 280238368 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1393255444 | BOY |
| EOY | 1893954393 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 0 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 42513099 | 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 | 35329436 | OtherCostOrOtherBasis |
| Book Value | 35329436 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 298629170 | OtherCostOrOtherBasis |
| Depreciation | 151829223 | Depreciation |
| Book Value | 146799947 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6144442 | OtherCostOrOtherBasis |
| Depreciation | 2144038 | Depreciation |
| Book Value | 4000404 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1629427694 | OtherCostOrOtherBasis |
| Depreciation | 478626865 | Depreciation |
| Book Value | 1150800829 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 139747643 | OtherCostOrOtherBasis |
| Depreciation | 61089488 | Depreciation |
| Book Value | 78658155 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1415588771 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (7 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| MISSISSIPPI POWER CO. KEMPER PROJECT DEPOSIT | 162526390 | C |
| CAPITAL TERM CERTIFICATES | 6250764 | C |
| ECONOMIC DEVELOPMENT PROJECTS | 2795802 | C |
| DEBT SERVICE RESERVE | 4844481 | C |
| NUCLEAR DECOMMISSIONING TRUST | 43219731 | F |
| CAPITAL STOCK | 1370784 | C |
| OTHER | 2688386 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 223696338 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities (12 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CAPITAL LEASE OBLIGATION | $2,074,599 |
| DEFINED MEDICAL PLAN FOR RETIREES | $8,722,600 |
| NUCLEAR DECOMMISSIONING OBLIGATION (ARO) | $53,152,305 |
| DEFERRED CREDITS - GAS HEDGING | $17,153,640 |
| DEFERRED CREDITS - POWER COST ADJUSTMENT | $21,786,477 |
| DEFERRED CREDIT - ECONOMIC DEVELOPMENT GRANTS | $3,878,495 |
| DEFERRED CREDIT - CLEAN AIR ALLOWANCES UTILIZED | $1,289,671 |
| POWER SUPPLY DEVELOPMENT FUND | $25,000,000 |
| MEMBER ENERGY PREPAYMENTS | $43,343,954 |
| MEDICAL INSURANCE CONTRIBUTIONS | $2,422,192 |
| DEFERRED INTEREST INCOME-MISSISSIPPI POWER COMPANY DEPOSIT | $6,242,169 |
| UNREALIZED GAIN-DECOMMISSIONING TRUST FUND | $913,537 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 185979639 | TotalOfAmounts |
| Tot Revenue Etc Audited Fincl Stmt | 760696197 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 760696197 | RevenueSubtotal |
| Other Revenues Not Included | 11172678 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 11172678 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 771868875 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 718183097 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 718183097 | ExpensesSubtotal |
| Other Expenses Not Included | 53685778 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 53685778 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 771868875 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | INCLUDED ON SUPPLEMENTAL INFORMATION |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INCLUDED ON SUPPLEMENTAL INFORMATION |
| PART XI LINE 4 (B) DESCRIPTION: FORM 990 REVENUE INCLUDES NET GAIN ON ASSET SALES. AUDITED FINANCIALS INCLUDE THIS $24,344 AS A "CONTRA-EXPENSE". AUDITED FINANCIALS INCLUDE INTEREST INCOME AND PATRONAGE CAPITAL INCOME AS SEPARATE LINE ITEMS FOLLOWING OPERATING EXPENSES: FORM 990 INCLUDES THIS AMOUNT, $11,148,334, IN REVENUES. PART XII LINE 4(B) PART XIII DESCRIPTION: SEE EXPLANATION FOR PART XII ABOVE. ADDITIONALLY, 2012 ANNUAL NET MARGIN ON AUDITED FINANCIALS IS REPORTED AS EXPENSE ON FORM 990 SINCE THE MARGINS ARE ALLOCATED BACK TO MEMBERS AS PATRONAGE CAPITAL ($42,513,100). |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (6 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| SOU DELTA PLANNING & DEV | |||||||
| PO BOX 1776 | GREENVILLE | MS | 38702 | 640466158 | 501(C)(3) | 5000 | LINEMAN TRAINING SCHOOL |
| COMPETITIVE EDGE | |||||||
| 1 CONVENTION CENTER PLAZA | HATTIESBURG | MS | 39401 | 205162135 | 501(C)(3) | 10000 | ECONOMIC DEVELOPMENT |
| STRINGER'S INTERNATIONAL & CROP P | |||||||
| PO BOX 250 | CLARKSDALE | MS | 38614 | 640134798 | 501(C)(12) | 15000 | ECONOMIC DEVELOPMENT |
| BF SMITH FOUNDATION | |||||||
| PO BOX 257 | STONEVILLE | MS | 38776 | 640146265 | 501(C)(3) | 25000 | ECONOMIC DEVELOPMENT |
| AREA DEVELOPMENT PARTNERSHIP | |||||||
| PO BOX 751 | HATTIESBURG | MS | 39403 | 640219645 | 501(C)(12) | 15000 | ECONOMIC DEVELOPMENT |
| (no name) | |||||||
| ECONOMIC DEVELOPMENT | |||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 2 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 3 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | PART I, LINE 2: | SCHEDULE I, PART I, LINE 2: THE SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION 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 SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION BOARD APPROVES THESE REQUESTS PRIOR TO DISBURSEMENT. |
| PART II - ITEM 3: | SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION ISSUED PAYMENT TO COAHOMA ELECTRIC POWER ASSOCIATION, A MEMBER DISTRIBUTION COOPERATIVE. COAHOMA ELECTRIC POWER ASSOCIATION IN TURN ISSUED PAYMENT TO THE ENTITY DENOTED IN COLUMN 1(A). EIN, ADDRESS, AND IRC SECTION REPORTED IN PART II ARE THOSE FOR COAHOMA ELECTRIC POWER ASSOCIATION. | |
| PART II - ITEM 4: | SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION ISSUED PAYMENT TO DELTA ELECTRIC POWER ASSOCIATION, A MEMBER DISTRIBUTION COOPERATIVE. DELTA ELECTRIC POWER ASSOCIATION IN TURN ISSUED PAYMENT TO THE ENTITIES DENOTED IN COLUMN 1(A). EIN, ADDRESS, AND IRC SECTON REPORTED IN PART II ARE THOSE FOR DELTA ELECTRIC POWER ASSOCIATION. | |
| PART II - ITEM 5: | SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION ISSUED PAYMENT TO PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION, A MEMBER DISTRIBUTION COOPERATIVE. PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION IN TURN ISSUED PAYMENT TO THE ENTITIES DENOTED IN COLUMN 1(A). EIN, ADDRESS, AND IRC SECTON REPORTED IN PART II ARE THOSE FOR PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | 1 | SubstantiationRequired |
| Independent Consultant | X | IndependentConsultant |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (9 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JAMES COMPTON | ||||||||||||||
| GENERAL MANAGER/CEO | 463943 | 0 | 51266 | 0 | 257057 | 0 | 122684 | 0 | 14903 | 0 | 909853 | 0 | 0 | 0 |
| RAYMOND HALEY | ||||||||||||||
| CHIEF FINANCIAL OFFICER | 218405 | 0 | 10703 | 0 | 4682 | 0 | 68853 | 0 | 13532 | 0 | 316175 | 0 | 0 | 0 |
| MARCUS WARE | ||||||||||||||
| ASST. GENERAL MANAGER | 263847 | 0 | 10861 | 0 | 1821 | 0 | 85675 | 0 | 14364 | 0 | 376568 | 0 | 0 | 0 |
| NATHAN BROWN | ||||||||||||||
| CHIEF OPERATING OFFICER | 249828 | 0 | 11356 | 0 | 2997 | 0 | 101464 | 0 | 13778 | 0 | 379423 | 0 | 0 | 0 |
| TERRY LEE | ||||||||||||||
| CHIEF ENGINEERING OFFICER | 185239 | 0 | 8099 | 0 | 5257 | 0 | 128383 | 0 | 13038 | 0 | 340016 | 0 | 0 | 0 |
| JAMES B EDWARDS | ||||||||||||||
| DIRECTOR, GENERATION RESOURCES | 174094 | 0 | 6559 | 0 | 5051 | 0 | 39492 | 0 | 12680 | 0 | 237876 | 0 | 0 | 0 |
| BRAD WOLFE | ||||||||||||||
| CHIEF POWER DELIVERY | 173018 | 0 | 7604 | 0 | 2311 | 0 | 43106 | 0 | 12824 | 0 | 238863 | 0 | 0 | 0 |
| ROGER SMITH | ||||||||||||||
| DIRECTOR OF WHOLESALE SERVICES | 146394 | 0 | 4993 | 0 | 3048 | 0 | 78158 | 0 | 12554 | 0 | 245147 | 0 | 0 | 0 |
| JERRY PIERCE | ||||||||||||||
| DIR. TRANSMISSION CONSTRUC | 136799 | 0 | 2768 | 0 | 2010 | 0 | 36342 | 0 | 7314 | 0 | 185233 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SUPPLEMENTAL INFORMATION | Identifier |
| Return Reference | PART III | ReturnReference |
| Explanation | SEE 409A DOCUMENT CORRECTION STATEMENT ATTACHED TO RETURN | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | THE BOARD OF DIRECTORS OF SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION CONSISTS OF 2 DIRECTORS FROM EACH OF THE 11 MEMBER NONPROFIT DISTRIBUTION COOPERATIVES THAT OWN SOUTH MISSISSIPPI ELECTRIC POWER FOR A TOTAL OF 22 DIRECTORS. ONE OF 2 DIRECTORS SERVING ON SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION'S BOARD OF DIRECTORS IS THE GENERAL MANAGER OF THE MEMBER COOPERATIVE AND THE OTHER IS A DIRECTOR SERVING ON THE BOARD OF DIRECTORS 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 SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION. | |
| 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 B, LINE 11 | A COPY OF THE 2012 FORM 990 WAS REVIEWED WITH THE AUDIT COMMITTEE AND REPORTED TO THE BOARD OF DIRECTORS. ON THE AUDIT COMMITTEE'S RECOMMENDATION, THE BOARD AUTHORIZED THE EXECUTION AND FILING OF 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 QUESTIONNAIRE RELATIVE TO INDEPENDENCE, BUSINESS RELATIONSHIPS, ETC. | |
| FORM 990, PART VI, SECTION B, LINE 15 | A SALARY SURVEY WAS CONDUCTED IN 2012 BY AN INDEPENDENT ENTITY. FIVE SIMILARLY SIZED GENERATION AND TRANSMISSION COOPERATIVES WERE SURVEYED. THE FOLLOWING POSITIONS WERE SURVEYED: GENERAL MANAGER/CEO, ASSISTANT GENERAL MANAGER, CHIEF ENGINEERING OFFICER, CHIEF FINANCIAL OFFICER, CHIEF OF TRANSMISSION, AND CHIEF OPERATING OFFICER. THE BOARD OF DIRECTORS WAS PROVIDED THE SALARY SURVEY RESULTS. THE BOARD DETERMINES THE SALARY FOR THE GENERAL MANAGER/CEO. THE GENERAL MANAGER/CEO UTILIZED THE SURVEY FOR KEY EMPLOYEES. ADDITIONALLY, THE GENERAL MANAGER/CEO ADVISES THE BOARD OF AVERAGE ANNUAL SALARY INCREASE AS PART OF THE ANNUAL BUDGET APPROVAL PROCESS. APPROVAL OF THE ANNUAL BUDGET IS DOCUMENTED IN BOARD MINUTES. | |
| FORM 990, PART VI, SECTION C, LINE 19 | RECEPTIONISTS HAVE BEEN INFORMED THAT THE FORM 990 WILL BE MADE AVAILABLE. A FORM IS UTILIZED FOR PARTIES REQUESTING A COPY OF THE FORM 990. THIS FORM ADVISES REQUESTING PARTIES THAT PHOTOCOPIES WILL BE MADE AVAILABLE UPON RECEIPT OF COPYING FEES (ALSO SPECIFIED IN THE REQUEST FORM). FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. | |
| FORM 990, PART XII, LINE 2C: | THERE WERE NO CHANGES IN THESE PROCESS FOR THE 2012 TAX YEAR. | |
| FORM 990, PART XI, LINE 9 - | EXCESS OF REVENUES OVER EXPENSES, OR NET MARGIN, 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 2012 REPORTING. SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION DOES NOT INCLUDE THIS ALLOCATION OF PATRONAGE CAPITAL AS AN EXPENSE FOR FINANCIAL REPORTING. | OTHER CHANGE IN ASSET OR FUND BALANCE |
| 409A DOCUMENT CORRECTION UNDER SEC. IV.B, VII.C & VII.E OF NOTICE 2010-6 | SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION (THE TAXPAYER)HEREBY ATTACHES TO ITS 2012 FORM 990 THIS STATEMENT CONTAINING THE FOLLOWING INFORMATION REQUIRED BY SECTION XII.B OF IRS NOTICE 2010-6: (1) THE NAME AND TAXPAYER IDENTIFICATION NUMBER OF THE SERVICE PROVIDER (HEREINAFTER COLLECTIVELY REFERRED TO AS THE SERVICE PROVIDER) AND THE DOCUMENT FAILURES AFFECTING THE SERVICE PROVIDER ARE: JAMES N. COMPTON IV.B, VII.C AND VII.E (2) THE NONQUALIFIED DEFERRED COMPENSATION PLANS WITH RESPECT TO WHICH SUCH FAILURES HAVE OCCURRED ARE (A) THE EMPLOYMENT AGREEMENT AND DEFERRED COMPENSATION PLAN WITH JAMES N. COMPTON, EMPLOYEE (FAILURES CORRECTED UNDER SECTIONS IV.B, VII.C AND VII.E); AND (B) THE SOUTH MISSISSIPPI ELECTRIC POWER ASSOCIATION DEFERRED COMPENSATION PENSION RESTORATION PLAN (FAILURE CORRECTED UNDER SECTION VII.E). (3) EACH DOCUMENT FAILURE IS ELIGIBLE FOR THE CORRECTION UNDER THE TERMS OF NOTICE 2010-6 AND IS CORRECTED UNDER SECTIONS IV.B, VII.C AND VII.E THEREOF, AS APPLICABLE. THE TAXPAYER HAS TAKEN ALL ACTIONS REQUIRED AND OTHERWISE MET ALL REQUIREMENTS FOR CORRECTION OF EACH DOCUMENT FAILURE AS OF DECEMBER 31, 2012, THE LAST DAY OF THE TAXPAYER TAXABLE YEAR IN WHICH THE CORRECTION IS MADE. THE DATE OF CORRECTION OF EACH DOCUMENT FAILURE IS APRIL 3, 2012. NO EVENT CAUSING THE INCLUSION OF AN AMOUNT IN INCOME UNDER SECTION 409A OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE CODE), BY THE SERVICE PROVIDER HAS OCCURRED. (4) THE COMBINED PRESENT VALUE OF THE AMOUNT INVOLVED IN EACH DOCUMENT FAILURE DESCRIBED IN SECTIONS IV.B, VII.C AND VII.E OF NOTICE 2010-6 IS APPROXIMATELY TWO HUNDRED FIFTY-ONE THOUSAND TWO HUNDRED THIRTY-ONE AND 80/100 DOLLARS ($251,231.80) AS OF APRIL 3, 2012. NO AMOUNT IS REQUIRED TO BE REPORTED BY THE TAXPAYER AS INCLUDIBLE IN INCOME UNDER SECTION 409A(A) OF THE CODE AS PART OF THE CORRECTION AND NO PERCENTAGE OF THE AMOUNT INVOLVED IN EACH DOCUMENT FAILURE IS REQUIRED TO BE INCLUDED IN INCOME UNDER SECTION 409A(A) OF THE CODE AS PART OF THE CORRECTION. | STATEMENT REQUIRED UNDER SECTION XII.B OF IRS NOTICE 2010-6 |