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Nonprofiteer
← YAZOO VALLEY ELECTRIC POWER ASSN

Form 990 for tax year 2022

Filed by YAZOO VALLEY ELECTRIC POWER ASSN.

Totals

Total revenue
$56,481,744
Total expenses
$56,481,744
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$55,161,985
Investment income
$109,714
Other revenue
$1,210,045
Total assets, end of year
$93,201,695
Total liabilities, end of year
$40,616,627
Net assets or fund balances, end of year
$52,585,068
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: OPERATING REVENUE

    total $54,817,166 · related or exempt $54,817,166

  • 2b · Program service revenue: QUALIFIED POLE RENTAL

    total $344,819 · excluded $344,819

  • 3 · Investment income

    total $109,714 · excluded $109,714

  • 11a · Other revenue: G&T AND OTHER PATRONAGE

    total $1,203,132 · related or exempt $1,203,132

  • 11b · Other revenue: OTHER NON-OPERATING REVENUE

    total $6,913 · related or exempt $6,913

  • 11e · Other revenue, total

    $1,210,045

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,035,253

  • 5 · Compensation of officers, directors and key employees

    total $566,884

  • 11b · Fees: legal

    total $41,779

  • 11c · Fees: accounting

    total $26,100

  • 20 · Interest

    total $1,208,726

  • 22 · Depreciation, depletion and amortization

    total $2,849,845

  • 24a · Other expenses: COST OF POWER

    total $41,258,617

  • 24b · Other expenses: DISTRIBUTION- MAINTENANCE

    total $3,888,384

  • 24c · Other expenses: DISITRIBUTION-OPERATIONS

    total $1,905,578

  • 24d · Other expenses: ADMINISTRATIVE & GENERAL

    total $1,559,442

  • 24e · All other expenses

    total $1,141,136

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,193,205 · end of year $4,007,519

  • 2 · Savings and temporary cash investments

    beginning of year $2,666,000 · end of year $2,666,000

  • 4 · Accounts receivable

    beginning of year $4,218,875 · end of year $4,348,715

  • 8 · Inventories for sale or use

    beginning of year $362,834 · end of year $541,689

  • 9 · Prepaid expenses and deferred charges

    beginning of year $970,564 · end of year $808,401

  • 10a · Land, buildings and equipment: cost or other basis

    $92,988,417

  • 10b · Land, buildings and equipment: accumulated depreciation

    $35,587,613

  • 10c · Land, buildings and equipment, net

    beginning of year $56,842,075 · end of year $57,400,804

  • 13 · Investments: program-related

    beginning of year $22,656,951 · end of year $23,428,567

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,090,974 · end of year $3,757,603

  • 23 · Secured mortgages and notes payable

    beginning of year $31,860,651 · end of year $31,670,968

  • 25 · Other liabilities

    beginning of year $5,165,366 · end of year $5,188,056

  • 29 · Capital stock, trust principal or current funds

    beginning of year $187,815 · end of year $188,969

  • 31 · Retained earnings, endowment or other funds

    beginning of year $51,605,698 · end of year $52,396,099

Mission and programs · 2022

Mission

THE ASSOCIATION EXISTS FOR THE PURPOSE OF DISTRIBUTING ELECTRICAL POWER TO ITS MEMBERS AT THE LOWEST POSSIBLE COST.

Activities or mission (Part I)

THE ASSOCIATION EXISTS FOR THE PURPOSE OF DISTRIBUTING ELECTRICAL POWER TO ITS MEMBERS

  • YAZOO VALLEY ELECTRIC UTILIZES OVER 2100 MILES OF ELECTRICAL DISTRIBUTION LINES AND SUBSTATIONS TO DELIVER APPROXIMATELY566,000,000 KWHS OF ELECTRICAL ENERGY TOAPPROXIMATELY 10,000 ACCOUNTS COMPRISED OF RESIDENTIAL, COMMERCIAL,AGRICULTURAL, AND INDUSTRIAL MEMBERS IN RURAL WEST-CENTRAL MISSISSIPPI.

As filed on the 2022 return.

Listed in Part VII

  • Michael K Neely Jr

    GENERAL MANA

    Total calculated
    $324,376
    From this org
    $212,521
    From related orgs
    $0
    Other
    $111,855
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $177,467
    Bonus
    $25,000
    Other
    $10,054
    Deferred
    $90,297
    Nontaxable benefits
    $21,558
    Filer's total
    $324,376

  • Brian L Crawford

    CFO

    Total calculated
    $242,509
    From this org
    $163,670
    From related orgs
    $0
    Other
    $78,839
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,450
    Bonus
    not reported
    Other
    $12,220
    Deferred
    $55,784
    Nontaxable benefits
    $23,055
    Filer's total
    $242,509

  • Benjamin B Rush

    MNGR-METERIN

    Total calculated
    $213,372
    From this org
    $128,854
    From related orgs
    $0
    Other
    $84,518
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $117,610
    Bonus
    not reported
    Other
    $11,244
    Deferred
    $68,210
    Nontaxable benefits
    $16,308
    Filer's total
    $213,372

  • Jimmy Pettis

    FLEET MANAGE

    Total calculated
    $191,420
    From this org
    $121,637
    From related orgs
    $0
    Other
    $69,783
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $112,568
    Bonus
    not reported
    Other
    $9,069
    Deferred
    $62,727
    Nontaxable benefits
    $7,056
    Filer's total
    $191,420

  • Brett R Cerda

    MANAGER-OPER

    Total calculated
    $183,933
    From this org
    $122,248
    From related orgs
    $0
    Other
    $61,685
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $112,001
    Bonus
    not reported
    Other
    $10,247
    Deferred
    $40,584
    Nontaxable benefits
    $21,101
    Filer's total
    $183,933

  • Rebecca M Yeates

    MANAGER-HUMA

    Total calculated
    $183,930
    From this org
    $118,436
    From related orgs
    $0
    Other
    $65,494
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,766
    Bonus
    not reported
    Other
    $9,670
    Deferred
    $41,856
    Nontaxable benefits
    $23,638
    Filer's total
    $183,930

  • Josh H Reeves

    NETWORK OP T

    Total calculated
    $169,811
    From this org
    $119,228
    From related orgs
    $0
    Other
    $50,583
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $111,353
    Bonus
    not reported
    Other
    $7,875
    Deferred
    $29,482
    Nontaxable benefits
    $21,101
    Filer's total
    $169,811

  • Louis S Thompson

    PRESIDENT

    Total calculated
    $15,932
    From this org
    $15,932
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • David S Wansley

    DIRECTOR

    Total calculated
    $11,841
    From this org
    $11,841
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Albert J Dornbusch

    ASST SEC/TRE

    Total calculated
    $11,739
    From this org
    $11,739
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Wm Link Jr

    SEC/TREAS

    Total calculated
    $11,499
    From this org
    $11,499
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Cindy M Shipp

    VICE PRESIDE

    Total calculated
    $11,463
    From this org
    $11,463
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Wf Anderson

    DIRECTOR

    Total calculated
    $11,122
    From this org
    $11,122
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Charles L Moore

    DIRECTOR

    Total calculated
    $10,329
    From this org
    $10,329
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202333189349315788

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