CENTRAL ELECTRIC POWER ASSOCIATION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: CENTRAL ELECTRIC POWER ASSOCIATION (EIN 64-0132702)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2011-10-13
IRS object ID: 201112869349300036
Schema version: 2010v3.4
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	2011-10-13T11:26:12-05:00	Timestamp
Tax Period End Date	2011-06-30	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	2010-07-01	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	2011-09-19	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	A T WILLIAMS	Name
Phone	6016562742	Phone
Date Prepared	2011-09-19	DatePrepared
Self Employed	X	SelfEmployed

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Gross Receipts	96766399	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 34,000 MEMBERS IN CENTRAL MISSISSIPPI.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	10	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	10	NbrIndependentVotingMembers
Total Nbr Employees	133	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	2765	ContributionsGrantsPriorYear
Contributions Grants Current Year	3805	ContributionsGrantsCurrentYear
Program Service Revenue CY	0	ProgramServiceRevenueCY
Investment Income Prior Year	121730	InvestmentIncomePriorYear
Investment Income Current Year	115394	InvestmentIncomeCurrentYear
Other Revenue Prior Year	23074449	OtherRevenuePriorYear
Other Revenue Current Year	22974207	OtherRevenueCurrentYear
Total Revenue Prior Year	23198944	TotalRevenuePriorYear
Total Revenue Current Year	23093406	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	18031387	OtherExpensePriorYear
Other Expenses Current Year	18565248	OtherExpensesCurrentYear
Total Expenses Prior Year	18031387	TotalExpensesPriorYear
Total Expenses Current Year	18565248	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	5167557	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	4528158	RevenuesLessExpensesCY
Total Assets BOY	100366289	TotalAssetsBOY
Total Assets EOY	108118149	TotalAssetsEOY
Total Liabilities BOY	39418137	TotalLiabilitiesBOY
Total Liabilities EOY	44326928	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	60948152	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	63791221	NetAssetsOrFundBalancesEOY
Mission Description	PROVIDE ELECTRICITY TO OVER 34,000 MEMBERS IN CENTRAL MISSISSIPPI.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	18565248	Expense
Description	PROVIDE ELECTRICITY IN RURAL CENTRAL MISSISSIPPI.	Description
Total Program Service Expense	18565248	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	22	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	133	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	95619082	GrossIncomeFromMembers
Gross Income Other Sources	1147317	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 (16 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
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
TIM COOK
DIRECTOR	6.00	X	3200	0	0
JIMMY HOLLOWAY
DIRECTOR	6.00	X	2000	0	0
PAUL D LONG
MANAGER	40.00		216083	0	0	X
HERSHALL B GILMER
OPER. MGR.	40.00		129121	0	0		X
GEORGE M STEWART
MAINT. DIR.	40.00		111932	0	0		X
AMY SHEPARD
DIRECTOR OF	40.00		109145	0	0		X
BRIAN LONG
DIRECTOR OF	40.00		107610	0	0		X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	729491	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
M & M LINE CLEARANCE
PO BOX 505	LAUREL	MS	39441	ROW CLEARANCE	632693
PROGRESSIVE SOLUTIONS LLC
PO BOX 1130	MARSHALL	AR	72650	ROW SPRAYING	559693
LARRY CHANDLER
1339 NORTHWOOD CIRCLE	CARTHAGE	MS	39051	METER READER	138220

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	3	NumberOfContractorsGT100K
Membership Dues	3805	MembershipDues
Total Contributions	3805	TotalContributions

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	115394	TotalRevenueColumn
Exclusion	$115,394	ExclusionAmount

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	95619082	GrossSalesOfInventory
Cost Of Goods Sold	73672993	CostOfGoodsSold

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	21946089	TotalRevenueColumn
Related Or Exempt Function Income	21946089	RelatedOrExemptFunctionIncome

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	JOINT POLE RENTALS	Description
Total Revenue Column	1028118	TotalRevenueColumn
Exclusion	$1,028,118	ExclusionAmount

Field	Value	IRS element (for citing)
Total Other Revenue	1028118	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	23093406	TotalRevenueColumn
Related Or Exempt Function Income	21946089	RelatedOrExemptFunctionIncome
Exclusion	$1,143,512	ExclusionAmount

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	1923761	Total
Program Services	1923761	ProgramServices

Royalties Royalties

Field	Value	IRS element (for citing)
Total	307381	Total
Program Services	307381	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	1202551	Total
Program Services	1202551	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	4606790	Total
Program Services	4606790	ProgramServices

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
MAINTENANCE	4083990	4083990
CUSTOMER ACCOUNTING	3226788	3226788
DISTRIBUTION	2670956	2670956
CUSTOMER SERVICES & INFOR	394737	394737
TAXES	141172	141172

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	7122	Total
Program Services	7122	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	18565248	Total
Program Services	18565248	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	8606222	BOY
EOY	15076110	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	6105190	BOY
EOY	6443249	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	1449658	BOY
EOY	1672654	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	1462785	BOY
EOY	1408879	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	138532452	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	55936827	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	81820802	BOY
EOY	82595625	EOY

Investments Other Securities InvestmentsOtherSecurities

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

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	100366289	BOY
EOY	108118149	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	9027544	BOY
EOY	16304314	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	25586069	BOY
EOY	22109732	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	4804524	BOY
EOY	5912882	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	39418137	BOY
EOY	44326928	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	745430	BOY
EOY	749235	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	56267620	BOY
EOY	59106884	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	60948152	BOY
EOY	63791221	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	100366289	BOY
EOY	108118149	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	4528158	ReconcilationRevenueExpenses
Reconcilation Other Changes	-1685089	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	131093230	OtherCostOrOtherBasis
Depreciation	53862214	Depreciation
Book Value	77231016	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	6619415	OtherCostOrOtherBasis
Depreciation	2074613	Depreciation
Book Value	4544802	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	82595625	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (4 entries)

DescriptionDescription	AmountAmount
EMPLOYEE RETIREMENT BENEFIT PAYABLE	$5,258,077
ADVANCES FROM TVA	$568,532
DEFERRED CREDITS	$81,214
POSTRETIREMENT BENEFITS	$5,059

Field	Value	IRS element (for citing)
Total Of Amounts	5912882	TotalOfAmounts
Total Revenue	23093406	TotalRevenue
Total Expenses	18565248	TotalExpenses
Excess Or Deficit For Year	4528158	ExcessOrDeficitForYear
Excess Or Deficit Per FS	4528158	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	23093406	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	23093406	RevenueSubtotal
Total Revenue Per Form990	23093406	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	18565248	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	18565248	ExpensesSubtotal
Total Expenses Per Form990	18565248	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	216083	BaseCompensationFilingOrg
Total Compensation Filing Org	216083	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.