CENTRAL ELECTRIC POWER ASSOCIATION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: CENTRAL ELECTRIC POWER ASSOCIATION (EIN 64-0132702)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2012-10-09
IRS object ID: 201232839349301008
Schema version: 2011v1.2
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
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-10-09T16:43:58-05:00	Timestamp
Tax Period End Date	2012-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	A T WILLIAMS CPA	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	322 BYRD AVE	AddressLine1
City	PHILADELPHIA	City
State	MS	State
ZIP Code	393502518	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	640132702	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	CENTRAL ELECTRIC POWER ASSOCIATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	CENT	NameControl
Phone	6012675671	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 477	AddressLine1
City	CARTHAGE	City
State	MS	State
ZIP Code	390510477	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	PAUL D LONG	Name
Title	MANAGER	Title
Phone	6012675671	Phone
Date Signed	2012-09-26	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	A T WILLIAMS	Name
Phone	6016562742	Phone
Date Prepared	2012-10-05	DatePrepared
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	93351255	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	WWW.CENTRALEPA.COM	WebSite
Type Of Organization Association	X	TypeOfOrganizationAssociation
Year Formation	1937	YearFormation
State Legal Domicile	MS	StateLegalDomicile
Activity Or Mission Description	PROVIDE ELECTRICITY TO OVER 35,000 MEMBERS IN CENTRAL MISSISSIPPI.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	10	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	10	NbrIndependentVotingMembers
Total Nbr Employees	125	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	3805	ContributionsGrantsPriorYear
Contributions Grants Current Year	1465	ContributionsGrantsCurrentYear
Program Service Revenue CY	0	ProgramServiceRevenueCY
Investment Income Prior Year	115394	InvestmentIncomePriorYear
Investment Income Current Year	121839	InvestmentIncomeCurrentYear
Other Revenue Prior Year	22974207	OtherRevenuePriorYear
Other Revenue Current Year	23880069	OtherRevenueCurrentYear
Total Revenue Prior Year	23093406	TotalRevenuePriorYear
Total Revenue Current Year	24003373	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	18565248	OtherExpensePriorYear
Other Expenses Current Year	18829495	OtherExpensesCurrentYear
Total Expenses Prior Year	18565248	TotalExpensesPriorYear
Total Expenses Current Year	18829495	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	4528158	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	5173878	RevenuesLessExpensesCY
Total Assets BOY	108118149	TotalAssetsBOY
Total Assets EOY	114425253	TotalAssetsEOY
Total Liabilities BOY	44326928	TotalLiabilitiesBOY
Total Liabilities EOY	45648822	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	63791221	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	68776431	NetAssetsOrFundBalancesEOY
Mission Description	PROVIDE ELECTRICITY TO OVER 35,000 MEMBERS IN CENTRAL MISSISSIPPI.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	18829495	Expense
Description	PROVIDE ELECTRICITY IN RURAL CENTRAL MISSISSIPPI.	Description
Total Program Service Expense	18829495	TotalProgramServiceExpense
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	24	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	125	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Gross Income From Members	92042319	GrossIncomeFromMembers
Gross Income Other Sources	1185632	GrossIncomeOtherSources
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	10	NbrVotingGoverningBodyMembers
Number Independent Voting Members	10	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	MS	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	FATIE HORN	NamePerson
Telephone Number	6012675671	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	104 SOUTH VAN BUREN	AddressLine1
City	CARTHAGE	City
State	MS	State
ZIP Code	39051	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (15 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Key EmployeeKeyEmployee	Highest Compensated EmployeeHighestCompensatedEmployee
TIM COOK
DIRECTOR	6.00	X	5600	0	0
MAX LOPER
DIRECTOR	6.00	X	5600	0	0
JOE SANDERS
DIRECTOR	6.00	X	5600	0	0
PETTEY LEACH
DIRECTOR	6.00	X	5600	0	0
DANNY THORNTON
DIRECTOR	6.00	X	5600	0	0
FRANK MOORE
DIRECTOR	6.00	X	5600	0	0
RAY BRITT
DIRECTOR	6.00	X	5600	0	0
DAVID BOYD
DIRECTOR	6.00	X	5600	0	0
PHILLIP CROSBY
DIRECTOR	6.00	X	5600	0	0
DON HOWINGTON
DIRECTOR	6.00	X	5600	0	0
PAUL D LONG
MANAGER	40.00		220768	0	0	X
HERSHALL B GILMER
OPER. MGR.	40.00		131497	0	0		X
GEORGE M STEWART
MAINT. DIR.	40.00		116133	0	0		X
BRIAN LONG
DIRECTOR OF	40.00		110308	0	0		X
AMY SHEPARD
DIRECTOR OF	40.00		109556	0	0		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	744262	TotalReportableCompFromOrg
Number Individuals GT100 K	5	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (3 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
SILVEY ENTERPRISES INC
371 HAMP JONES ROAD	CARROLLTON	GA	30117	CONSTRUCTION	2006658
PROGRESSIVE SOLUTIONS LLC
PO BOX 1130	MARSHALL	AR	72650	ROW SPRAYING	1665187
LARRY CHANDLER
1339 NORTHWOOD CIRCLE	CARTHAGE	MS	39051	METER READER	140593

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	3	NumberOfContractorsGT100K
Membership Dues	1465	MembershipDues
Total Contributions	1465	TotalContributions

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	121839	TotalRevenueColumn
Exclusion	$121,839	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	92042319	GrossSalesOfInventory
Cost Of Goods Sold	69347882	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	22694437	TotalRevenueColumn
Related Or Exempt Function Income	22694437	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	JOINT POLE RENTALS	Description
Total Revenue Column	1185632	TotalRevenueColumn
Exclusion	$1,185,632	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	1185632	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	24003373	TotalRevenueColumn
Related Or Exempt Function Income	22694437	RelatedOrExemptFunctionIncome
Exclusion	$1,307,471	ExclusionAmount

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	1984779	Total
Program Services	1984779	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	1106633	Total
Program Services	1106633	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	4778493	Total
Program Services	4778493	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
MAINTENANCE	4448338	4448338
CUSTOMER ACCOUNTS	3288812	3288812
DISTRIBUTION	2669695	2669695
CUSTOMER SERVICES & INFOR	379733	379733

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	173012	Total
Program Services	173012	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	18829495	Total
Program Services	18829495	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	15076110	BOY
EOY	15228270	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	6443249	BOY
EOY	6075797	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	1672654	BOY
EOY	1581686	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	1408879	BOY
EOY	1438063	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	148189076	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	59614482	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	82595625	BOY
EOY	88574594	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	921632	BOY
EOY	1526843	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	108118149	BOY
EOY	114425253	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	16304314	BOY
EOY	15779656	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	22109732	BOY
EOY	24682905	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	5912882	BOY
EOY	5186261	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	44326928	BOY
EOY	45648822	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	749235	BOY
EOY	750700	EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

Field	Value	IRS element (for citing)
BOY	3935102	BOY
EOY	3935102	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	59106884	BOY
EOY	64090629	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	63791221	BOY
EOY	68776431	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	108118149	BOY
EOY	114425253	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	5173878	ReconcilationRevenueExpenses
Reconcilation Other Changes	-188668	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	false	FSAudited

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	819807	OtherCostOrOtherBasis
Book Value	819807	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	140730893	OtherCostOrOtherBasis
Depreciation	57350980	Depreciation
Book Value	83379913	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	6638376	OtherCostOrOtherBasis
Depreciation	2263502	Depreciation
Book Value	4374874	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	88574594	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescription	AmountAmount
EMPLOYEE RETIREMENT BENEFIT PAYABLE	$4,484,470
ADVANCES FROM TVA	$682,163
DEFERRED CREDITS	$15,250
POSTRETIREMENT BENEFITS	$4,378

Field	Value	IRS element (for citing)
Total Of Amounts	5186261	TotalOfAmounts
Total Revenue	24003373	TotalRevenue
Total Expenses	18829495	TotalExpenses
Excess Or Deficit For Year	5173878	ExcessOrDeficitForYear
Excess Or Deficit Per FS	5173878	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	24003373	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	24003373	RevenueSubtotal
Total Revenue Per Form990	24003373	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	18829495	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	18829495	ExpensesSubtotal
Total Expenses Per Form990	18829495	TotalExpensesPerForm990

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	PAUL D LONG	NamePerson
Base Compensation Filing Org	220768	BaseCompensationFilingOrg
Total Compensation Filing Org	220768	TotalCompensationFilingOrg

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
ELECTION OF MEMBERS AND THEIR RIGHTS	FORM 990, PAGE 6, PART VI, LINE 7A	YES
DECISIONS SUBJECT TO APPROVAL OF MEMBERS	FORM 990, PAGE 6, PART VI, LINE 7B	YES
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	FORM 990 WILL BE REVIEWED BY MEMBERS OF THE GOVERNING BODY AT A BOARD MEETING PRIOR TO THE FILING OF THE RETURN.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	YES
COMPENSATION PROCESS FOR TOP OFFICIAL	FORM 990, PAGE 6, PART VI, LINE 15A	YES
COMPENSATION PROCESS FOR OFFICERS	FORM 990, PAGE 6, PART VI, LINE 15B	YES
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	DOCUMENTS ARE AVAILABLE AT THE OFFICE IN CARTHAGE, MISSISSIPPI.