Skip to content
Nonprofiteer
← PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION

Form 990 for tax year 2024

Filed by PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION.

Totals

Total revenue
$160,999,727
Total expenses
$159,774,956
Contributions and grants received
$2,576,178
Grants paid
$34,469
Program service revenue
$158,547,299
Investment income
$97,650
Other revenue
-$221,400
Total assets, end of year
$421,101,434
Total liabilities, end of year
$264,322,231
Net assets or fund balances, end of year
$156,779,203
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.

  • 1e · Government grants (contributions)

    $2,576,178

  • 2a · Program service revenue: ELECTRIC SALES

    total $143,351,790 · related or exempt $143,351,790

  • 2b · Program service revenue: PEARLCOMM CUSTOMER FEES

    total $10,238,811 · unrelated business $10,238,811

  • 2c · Program service revenue: PATRONAGE CREDITS

    total $3,631,397 · related or exempt $3,631,397

  • 2d · Program service revenue: COMMON USE POLE RENTAL

    total $1,325,301 · related or exempt $1,325,301

  • 3 · Investment income

    total $37,671 · excluded $37,671

  • 7a · Gross sales of assets other than inventory

    other assets $63,500

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

    other assets $3,521

  • 7c · Gain or loss

    other assets $59,979

  • 7d · Net gain or loss

    total $59,979 · excluded $59,979

  • 11a · Other revenue: INCOME FROM MS FIBER LLC

    total -$223,242 · unrelated business -$223,242

  • 11d · All other revenue

    total $1,842 · related or exempt $1,842

  • 11e · Other revenue, total

    -$221,400

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $34,469

  • 4 · Benefits paid to or for members

    total $9,779,561

  • 5 · Compensation of officers, directors and key employees

    total $831,487

  • 7 · Other salaries and wages

    total $5,967,529

  • 8 · Pension plan contributions

    total $2,081,274

  • 9 · Other employee benefits

    total $4,255,086

  • 10 · Payroll taxes

    total $704,060

  • 11b · Fees: legal

    total $48,698

  • 11c · Fees: accounting

    total $144,926

  • 13 · Office expenses

    total $1,356,143

  • 17 · Travel

    total $170,939

  • 20 · Interest

    total $11,565,679

  • 22 · Depreciation, depletion and amortization

    total $9,481,242

  • 23 · Insurance

    total $5,823

  • 24a · Other expenses: COST OF POWER

    total $95,961,077

  • 24b · Other expenses: DISTRIBUTION- MAINTENAN

    total $9,939,360

  • 24c · Other expenses: ADMINISTRATIVE & GENERA

    total $2,532,164

  • 24d · Other expenses: CONSUMER ACCOUNTS EXPEN

    total $1,688,641

  • 24e · All other expenses

    total $3,226,798

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,246,654 · end of year $4,236,370

  • 4 · Accounts receivable

    beginning of year $12,670,145 · end of year $13,975,539

  • 8 · Inventories for sale or use

    beginning of year $22,984,310 · end of year $23,754,061

  • 9 · Prepaid expenses and deferred charges

    beginning of year $337,164 · end of year $492,961

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

    $429,559,925

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

    $116,767,898

  • 10c · Land, buildings and equipment, net

    beginning of year $287,273,843 · end of year $312,792,027

  • 13 · Investments: program-related

    beginning of year $255,485 · end of year $0

  • 15 · Other assets

    beginning of year $62,995,945 · end of year $65,850,476

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,394,158 · end of year $21,289,542

  • 19 · Deferred revenue

    beginning of year $3,000,000 · end of year $2,250,000

  • 23 · Secured mortgages and notes payable

    beginning of year $206,069,381 · end of year $230,887,519

  • 25 · Other liabilities

    beginning of year $21,137,365 · end of year $9,895,170

  • 29 · Capital stock, trust principal or current funds

    beginning of year $310,880 · end of year $309,750

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

    beginning of year $608,062 · end of year $608,062

  • 31 · Retained earnings, endowment or other funds

    beginning of year $138,243,700 · end of year $155,861,391

Mission and programs · 2024

Mission

THE ASSOCIATION'S MISSION IS IMPROVING THE FUTURE FOR ALL OF ITS MEMBERS IN SOUTH MISSISSIPPI. THE FIRST STEP IS BRINGING SAFE AND DEPENDABLE ENERGY AT THE LOWEST POSSIBLE COST.

Activities or mission (Part I)

THE ASSOCIATION'S MISSION IS IMPROVING THE FUTURE FOR ALL OF OUR MEMBERS IN SOUTH MISSISSIPPI. THE FIRST STEP IS BRINGING SAFE AND DEPENDABLE ENERGY AT THE LOWEST POSSIBLE COST.

  • PRVEPA PROVIDED ELECTRIC POWER TO 53,598 CONSUMERS DURING 2024.

As filed on the 2024 return.

Listed in Part VII

  • Lavell Bond

    VICE PRESIDENT

    Total calculated
    $31,208
    From this org
    $31,208
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.26

  • Bf Hudson Jr

    DIRECTOR

    Total calculated
    $29,852
    From this org
    $29,852
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Hugh Gene Smith

    DIRECTOR

    Total calculated
    $27,692
    From this org
    $27,692
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Danny Wilks

    PRESIDENT

    Total calculated
    $29,561
    From this org
    $29,561
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.19

  • Leslie Peters

    SECRETARY/TREASURER

    Total calculated
    $22,681
    From this org
    $22,681
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.03

  • Jack Bradshaw

    DIRECTOR

    Total calculated
    $28,242
    From this org
    $28,242
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.85

  • Matt Thomas

    DIRECTOR

    Total calculated
    $27,237
    From this org
    $27,237
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.94

  • Davis Wingo

    DIRECTOR

    Total calculated
    $30,078
    From this org
    $30,078
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.92

  • Jeff Tinnon

    DIRECTOR

    Total calculated
    $28,575
    From this org
    $28,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.06

  • Adam Bass

    DIRECTOR

    Total calculated
    $27,039
    From this org
    $27,039
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.65

  • Matthew Ware

    CEO/GENERAL MANAGER

    Total calculated
    $431,028
    From this org
    $369,565
    From related orgs
    $0
    Other
    $61,463
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $369,565
    Bonus
    $0
    Other
    $0
    Deferred
    $44,776
    Nontaxable benefits
    $16,687
    Filer's total
    $431,028

  • Jody Thornton

    CHIEF FINANCIAL OFFICER

    Total calculated
    $225,871
    From this org
    $196,572
    From related orgs
    $0
    Other
    $29,299
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $196,572
    Bonus
    $0
    Other
    $0
    Deferred
    $16,424
    Nontaxable benefits
    $12,875
    Filer's total
    $225,871

  • Erik Lavine

    MANAGER, ENGINEERING & OPE

    Total calculated
    $245,373
    From this org
    $208,605
    From related orgs
    $0
    Other
    $36,768
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $208,605
    Bonus
    $0
    Other
    $0
    Deferred
    $20,081
    Nontaxable benefits
    $16,687
    Filer's total
    $245,373

  • Anthony Harris

    MANAGER, ECON DEV & COMM R

    Total calculated
    $212,191
    From this org
    $177,634
    From related orgs
    $0
    Other
    $34,557
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,634
    Bonus
    $0
    Other
    $0
    Deferred
    $17,870
    Nontaxable benefits
    $16,687
    Filer's total
    $212,191

  • George Cutrer

    DISTRICT MANAGER

    Total calculated
    $218,502
    From this org
    $183,496
    From related orgs
    $0
    Other
    $35,006
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,496
    Bonus
    $0
    Other
    $0
    Deferred
    $18,319
    Nontaxable benefits
    $16,687
    Filer's total
    $218,502

  • William McCrary

    DISTRICT MANAGER

    Total calculated
    $203,568
    From this org
    $170,881
    From related orgs
    $0
    Other
    $32,687
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,881
    Bonus
    $0
    Other
    $0
    Deferred
    $16,000
    Nontaxable benefits
    $16,687
    Filer's total
    $203,568

  • James Armstrong

    MANAGER, PURCHASING & FACI

    Total calculated
    $200,866
    From this org
    $169,844
    From related orgs
    $0
    Other
    $31,022
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,844
    Bonus
    $0
    Other
    $0
    Deferred
    $14,335
    Nontaxable benefits
    $16,687
    Filer's total
    $200,866

  • Leif Munkel

    MANAGER, MARKETING & COMM

    Total calculated
    $182,373
    From this org
    $152,472
    From related orgs
    $0
    Other
    $29,901
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,472
    Bonus
    $0
    Other
    $0
    Deferred
    $13,672
    Nontaxable benefits
    $16,229
    Filer's total
    $182,373

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 · 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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PEARL RIVER VALLEY COMMUNICATIONS LLC

    TELECOMMUNICATIONS · MS

    Directly controlled by PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202523169349308042

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.