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← COOPERATIVE ENERGY A MISSISSIPPI ELECTRIC COOPERATIVE

Form 990 for tax year 2024

Filed by COOPERATIVE ENERGY A MISSISSIPPI ELECTRIC COOPERATIVE.

Totals

Total revenue
$1,021,873,475
Total expenses
$1,021,873,475
Contributions and grants received
$0
Grants paid
$168,500
Program service revenue
$1,018,854,712
Investment income
$3,018,763
Other revenue
$0
Total assets, end of year
$2,328,471,749
Total liabilities, end of year
$1,853,534,616
Net assets or fund balances, end of year
$474,937,133
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: REVENUE FROM MEMBERS

    total $842,114,715 · related or exempt $842,114,715

  • 2b · Program service revenue: REVENUE FROM NON-MEMBERS

    total $176,526,607 · related or exempt $176,526,607

  • 2c · Program service revenue: PROGRAM RELATED INVESTMENTS

    total $213,390 · related or exempt $213,390

  • 3 · Investment income

    total $2,835,501 · excluded $2,835,501

  • 7a · Gross sales of assets other than inventory

    securities $183,262

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $183,262

  • 7d · Net gain or loss

    total $183,262 · related or exempt $183,262

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $168,500

  • 4 · Benefits paid to or for members

    total $20,000,000

  • 5 · Compensation of officers, directors and key employees

    total $6,243,449

  • 7 · Other salaries and wages

    total $50,976,226

  • 8 · Pension plan contributions

    total $11,159,913

  • 9 · Other employee benefits

    total $6,983,394

  • 10 · Payroll taxes

    total $4,741,380

  • 11b · Fees: legal

    total $1,013,124

  • 11c · Fees: accounting

    total $465,862

  • 11f · Fees: investment management

    total $523,260

  • 11g · Fees: other

    total $1,797,281

  • 12 · Advertising and promotion

    total $518,597

  • 13 · Office expenses

    total $4,096,851

  • 14 · Information technology

    total $4,222,322

  • 17 · Travel

    total $1,257,863

  • 20 · Interest

    total $50,117,859

  • 22 · Depreciation, depletion and amortization

    total $110,932,000

  • 23 · Insurance

    total $5,967,500

  • 24a · Other expenses: PURCHASED POWER FOR RES

    total $337,843,448

  • 24b · Other expenses: COAL, NAT GAS, NUCLEAR

    total $247,729,740

  • 24c · Other expenses: TRANSMISSION SYS. O&M

    total $73,567,451

  • 24d · Other expenses: GENERATION PLANT O&M

    total $71,680,082

  • 24e · All other expenses

    total $9,867,373

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,308,713 · end of year $18,436,230

  • 2 · Savings and temporary cash investments

    beginning of year $61,871,345 · end of year $65,999,008

  • 4 · Accounts receivable

    beginning of year $80,238,972 · end of year $86,382,373

  • 8 · Inventories for sale or use

    beginning of year $61,189,874 · end of year $69,312,673

  • 9 · Prepaid expenses and deferred charges

    beginning of year $187,961,060 · end of year $171,081,552

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

    $3,041,634,766

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

    $1,273,815,202

  • 10c · Land, buildings and equipment, net

    beginning of year $1,704,022,491 · end of year $1,767,819,564

  • 13 · Investments: program-related

    beginning of year $134,924,280 · end of year $149,342,747

  • 15 · Other assets

    beginning of year $372,543 · end of year $97,602

  • 17 · Accounts payable and accrued expenses

    beginning of year $117,696,554 · end of year $112,906,135

  • 23 · Secured mortgages and notes payable

    beginning of year $1,124,533,933 · end of year $1,435,822,092

  • 24 · Unsecured notes and loans payable

    beginning of year $312,733,222 · end of year $82,855,222

  • 25 · Other liabilities

    beginning of year $224,806,757 · end of year $221,951,167

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $465,118,812 · end of year $474,937,133

Mission and programs · 2024

Mission

PROVIDE AND TRANSMIT THROUGH GENERATION AND PURCHASE OF ELECTRICITY, WHOLESALE ELECTRICITY TO 11 MEMBER OWNED COOPERATIVES, EACH SERVING RETAIL CONSUMERS.

Activities or mission (Part I)

PROVIDE AND TRANSMIT THROUGH GENERATION AND PURCHASE OF ELECTRICITY, WHOLESALE ELECTRICITY TO 11 MEMBER OWNED DISTRIBUTION COOPERATIVES, EACH SERVING RETAIL CONSUMERS.

  • PROVIDE AFFORDABLE AND RELIABLE ELECTRIC ENERGY TO MEMBER COOPERATIVES. THE 11 MEMBER COOPERATIVES PROVIDE SERVICE TO APPROXIMATELY 456,000 METERS IN MISSISSIPPI. COOPERATIVE ENERGY AND THE 11 MEMBER SYSTEMS ARE CONSUMER-OWNED, NON-PROFIT BUSINESSES. DURING 2024, COOPERATIVE ENERGY PROVIDED MEMBER SYSTEMS WITH 10,227,219 MWH OF ENERGY.

As filed on the 2024 return.

Listed in Part VII

  • Jeff Bowman

    PRESIDENT/CEO

    Total calculated
    $1,369,286
    From this org
    $1,111,321
    From related orgs
    $0
    Other
    $257,965
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $1,102,723
    Bonus
    $0
    Other
    $8,598
    Deferred
    $230,763
    Nontaxable benefits
    $27,202
    Filer's total
    $1,369,286

  • Christa Bishop

    SR VICE PRESIDENT/CCO

    Total calculated
    $464,758
    From this org
    $358,548
    From related orgs
    $0
    Other
    $106,210
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $335,024
    Bonus
    $13,737
    Other
    $9,787
    Deferred
    $82,962
    Nontaxable benefits
    $23,248
    Filer's total
    $464,758

  • Gary Hutson

    SR VICE PRESIDENT/COO

    Total calculated
    $489,599
    From this org
    $381,403
    From related orgs
    $0
    Other
    $108,196
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $356,398
    Bonus
    $14,555
    Other
    $10,450
    Deferred
    $77,526
    Nontaxable benefits
    $30,670
    Filer's total
    $489,599

  • Kevin Grace

    SR. VICE PRESIDENT/ CFO

    Total calculated
    $465,606
    From this org
    $340,332
    From related orgs
    $0
    Other
    $125,274
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $318,907
    Bonus
    $13,500
    Other
    $7,925
    Deferred
    $95,226
    Nontaxable benefits
    $30,048
    Filer's total
    $465,606

  • Don Hinton

    SR VICE PRESIDENT/CCO

    Total calculated
    $428,583
    From this org
    $335,654
    From related orgs
    $0
    Other
    $92,929
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $318,529
    Bonus
    $13,322
    Other
    $3,803
    Deferred
    $64,800
    Nontaxable benefits
    $28,129
    Filer's total
    $428,583

  • Mark Smith

    SR VICE PRESIDENT POWER GE

    Total calculated
    $526,429
    From this org
    $354,082
    From related orgs
    $0
    Other
    $172,347
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $334,588
    Bonus
    $13,735
    Other
    $5,759
    Deferred
    $145,855
    Nontaxable benefits
    $26,492
    Filer's total
    $526,429

  • James Evans

    SR VICE PRESIDENT/POWER DE

    Total calculated
    $539,269
    From this org
    $306,393
    From related orgs
    $0
    Other
    $232,876
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $284,334
    Bonus
    $11,600
    Other
    $10,459
    Deferred
    $209,391
    Nontaxable benefits
    $23,485
    Filer's total
    $539,269

  • Brandon Sanders

    PLANT SUPERINTENDENT

    Total calculated
    $286,052
    From this org
    $228,328
    From related orgs
    $0
    Other
    $57,724
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $208,192
    Bonus
    $8,477
    Other
    $11,659
    Deferred
    $30,101
    Nontaxable benefits
    $27,623
    Filer's total
    $286,052

  • Mark Dodd

    VP INFORMATION SYSTEMS

    Total calculated
    $311,182
    From this org
    $223,285
    From related orgs
    $0
    Other
    $87,897
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $204,292
    Bonus
    $8,268
    Other
    $10,725
    Deferred
    $66,060
    Nontaxable benefits
    $21,837
    Filer's total
    $311,182

  • Jeff Brown

    PLANT SUPERINTENDENT

    Total calculated
    $289,734
    From this org
    $219,447
    From related orgs
    $0
    Other
    $70,287
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $206,892
    Bonus
    $7,186
    Other
    $5,369
    Deferred
    $45,170
    Nontaxable benefits
    $25,117
    Filer's total
    $289,734

  • Ronald Barnes

    DIRECTOR

    Total calculated
    $34,789
    From this org
    $34,789
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.37

  • Kevin Bonds

    DIRECTOR

    Total calculated
    $39,593
    From this org
    $39,593
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.2

  • Joel Cunningham

    DIRECTOR

    Total calculated
    $33,738
    From this org
    $33,738
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.18

  • Howard Davis

    DIRECTOR

    Total calculated
    $14,817
    From this org
    $14,817
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.39

  • Richard Dossett

    DIRECTOR

    Total calculated
    $17,268
    From this org
    $17,268
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.38

  • Teri Eaton

    DIRECTOR

    Total calculated
    $32,605
    From this org
    $32,605
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.45

  • Carl Fuller

    DIRECTOR

    Total calculated
    $32,634
    From this org
    $32,634
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.26

  • Leslie Holloway

    DIRECTOR

    Total calculated
    $18,333
    From this org
    $18,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.05

  • Harry Howarth

    DIRECTOR

    Total calculated
    $34,395
    From this org
    $34,395
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.56

  • Brian Hughey

    DIRECTOR

    Total calculated
    $31,600
    From this org
    $31,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.49

  • Keith Hurt

    DIRECTOR

    Total calculated
    $32,600
    From this org
    $32,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.31

  • Douglas Mooney

    DIRECTOR

    Total calculated
    $17,518
    From this org
    $17,518
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.35

  • Michael Neely

    DIRECTOR

    Total calculated
    $32,600
    From this org
    $32,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.36

  • David O'Bryan

    DIRECTOR

    Total calculated
    $11,600
    From this org
    $11,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.73

  • Timothy Perkins

    DIRECTOR

    Total calculated
    $2,400
    From this org
    $2,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.88

  • Harold Pittman

    DIRECTOR

    Total calculated
    $23,600
    From this org
    $23,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.11

  • Chris Rhodes

    DIRECTOR

    Total calculated
    $32,200
    From this org
    $32,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.7

  • Randy Smith

    DIRECTOR

    Total calculated
    $32,000
    From this org
    $32,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.78

  • Robert Smith

    DIRECTOR

    Total calculated
    $32,429
    From this org
    $32,429
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.94

  • William Smith

    DIRECTOR

    Total calculated
    $37,300
    From this org
    $37,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.3

  • Robert Steele

    DIRECTOR

    Total calculated
    $17,402
    From this org
    $17,402
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.65

  • Bryan Thomas

    DIRECTOR

    Total calculated
    $33,950
    From this org
    $33,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.74

  • Louis Thompson

    DIRECTOR

    Total calculated
    $34,991
    From this org
    $34,991
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.98

  • Richard Thoms

    DIRECTOR

    Total calculated
    $38,826
    From this org
    $38,826
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.25

  • Mike Tyner

    DIRECTOR

    Total calculated
    $35,747
    From this org
    $35,747
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.69

  • Matthew Ware

    DIRECTOR

    Total calculated
    $30,800
    From this org
    $30,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.77

  • Danny Wilks

    DIRECTOR

    Total calculated
    $32,845
    From this org
    $32,845
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.15

  • Randy Woolley

    DIRECTOR

    Total calculated
    $33,455
    From this org
    $33,455
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.89

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 · Independent compensation consultant
  • 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

  • SCOTT COUNTY BOARD OF SUPERVISORS

    $50,000

    ECONOMIC DEVELOPMENT

  • PIKE COUNTY ECONOMIC DEVELOPMENT

    $31,000

    ECONOMIC DEVELOPMENT

  • PEARL RIVER COUNTY

    $25,000

    ECONOMIC DEVELOPMENT

  • SIPCAM AGRO SOLUTIONS

    $25,000

    ECONOMIC DEVELOPMENT

  • GREENE COUNTY BOARD OF SUPERVISORS

    $15,000

    ECONOMIC DEVELOPMENT

  • MARION COUNTY DEVELOPMENT PARTNERSHIP

    $12,500

    ECONOMIC DEVELOPMENT

  • GREENWOOD LEFLORE ECONOMIC DEVELOPMENT

    $10,000

    ECONOMC DEVELOPMENT

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • COOPERATIVE ENERGY GRAND GULF I DECOMMISSIONING TRUST

    T · INVESTMENTS · MS · 100% owned · share of income $3,612,074 · share of assets $135,827,693

    Directly controlled by COOPERATIVE ENERGY

Provenance

Return type
form_990
Tax year
2024
Filed
10 October 2025
IRS schema version
2024v5.2
Source object
202522839349300232

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