Totals
- Total revenue
- $859,697,431
- Total expenses
- $845,102,926
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $850,255,480
- Investment income
- $7,252,877
- Other revenue
- $2,189,074
- Total assets, end of year
- $2,695,050,060
- Total liabilities, end of year
- $2,268,139,924
- Net assets or fund balances, end of year
- $426,910,136
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $0
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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$0
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: SALE OF ELECTRIC ENERGY
total $849,687,703 · related or exempt $849,687,703 · unrelated business $0 · excluded $0
-
2b · Program service revenue: CAPITAL CREDITS
total $567,777 · related or exempt $567,777 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $7,038,507 · related or exempt $0 · unrelated business $0 · excluded $7,038,507
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $2,077,391 · personal property $0
-
6b · Less rental expenses
real property $12,609 · personal property $0
-
6c · Rental income or loss
real property $2,064,782 · personal property $0
-
6d · Net rental income or loss
total $2,064,782 · related or exempt $0 · unrelated business $283,496 · excluded $1,781,286
-
7a · Gross sales of assets other than inventory
securities $0 · other assets $340,148
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $125,778
-
7c · Gain or loss
securities $0 · other assets $214,370
-
7d · Net gain or loss
total $214,370 · related or exempt $0 · unrelated business $0 · excluded $214,370
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11a · Other revenue: NON-OPERATING INCOME
total $124,292 · related or exempt $0 · unrelated business $0 · excluded $124,292
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$124,292
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $9,440,371
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $67,597,862
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $87,453,637
-
23 · Insurance
total $0
-
24a · Other expenses: POWER PRODUCTION
total $325,371,895
-
24b · Other expenses: PURCHASE OF POWER
total $217,603,748
-
24c · Other expenses: TRANSMISSION
total $85,173,300
-
24d · Other expenses: ADMIN & GENERAL
total $37,102,406
-
24e · All other expenses
total $15,359,707
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $24,588,911 · end of year $11,864,896
-
2 · Savings and temporary cash investments
beginning of year $326,014,010 · end of year $286,079,060
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $101,404,906 · end of year $91,766,215
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $72,312,812 · end of year $86,041,499
-
9 · Prepaid expenses and deferred charges
beginning of year $149,369,220 · end of year $145,735,409
-
10a · Land, buildings and equipment: cost or other basis
$2,662,505,908
-
10b · Land, buildings and equipment: accumulated depreciation
$925,715,903
-
10c · Land, buildings and equipment, net
beginning of year $1,696,519,500 · end of year $1,736,790,005
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $2,884,286 · end of year $2,388,510
-
13 · Investments: program-related
beginning of year $21,571,183 · end of year $23,410,766
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $339,884,402 · end of year $310,973,700
-
17 · Accounts payable and accrued expenses
beginning of year $100,903,629 · end of year $106,354,353
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $140,681,303 · end of year $126,169,015
-
20 · Tax-exempt bond liabilities
beginning of year $70,464,973 · end of year $64,262,241
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $1,480,251,736 · end of year $1,502,433,631
-
24 · Unsecured notes and loans payable
beginning of year $309,750,008 · end of year $284,292,373
-
25 · Other liabilities
beginning of year $218,606,847 · end of year $184,628,311
-
27 · Net assets without donor restrictions
beginning of year $0 · end of year $0
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $110 · end of year $110
-
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 $413,890,624 · end of year $426,910,026
Mission and programs · 2024
Mission
POWERSOUTH ENERGY COOPERATIVE IS AN ALABAMA COOPERATIVE CORPORATION PRODUCING AND TRANSMITTING WHOLESALE ELECTRIC POWER TO AND FOR ITS COOPERATIVE AND MUNICIPAL MEMBERS UNDER THE PROVISIONS OF THE RURAL ELECTRIFICATION ACT OF 1936.
Activities or mission (Part I)
COOPERATIVE UTILITY SYSTEM - PRODUCING & DISTRIBUTING WHOLESALE ELECTRIC POWER TO AND FOR COOPERATIVE MEMBERS UNDER THE PROVISIONS OF THE RURAL ELECTRIFICATION ACT OF 1936.
-
POWERSOUTH ENERGY COOPERATIVE SERVES THE WHOLESALE ENERGY NEEDS OF 20 UTILITY DISTRIBUTION MEMBERS IN ALABAMA AND NORTHWEST FLORIDA.
As filed on the 2024 return.
Listed in Part VII
-
Ann ParkmanANN PARKMAN
BOARD MEMBER
- Total calculated
- $21,300
- From this org
- $21,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Becky BrackeBECKY BRACKE
BOARD MEMBER
- Total calculated
- $18,403
- From this org
- $18,403
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Bobby BallardBOBBY BALLARD
BOARD MEMBER
- Total calculated
- $21,303
- From this org
- $21,303
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Brad KimbroBRAD KIMBRO
BOARD MEMBER
- Total calculated
- $22,650
- From this org
- $22,650
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Braxton GreenBRAXTON GREEN
BOARD MEMBER
- Total calculated
- $21,753
- From this org
- $21,753
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Carl GoodsonCARL GOODSON
BOARD MEMBER
- Total calculated
- $14,202
- From this org
- $14,202
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
David BaileyDAVID BAILEY
BOARD MEMBER
- Total calculated
- $23,103
- From this org
- $23,103
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Delaney KervinDELANEY KERVIN
BOARD MEMBER
- Total calculated
- $11,903
- From this org
- $11,903
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Earl JohnsonEARL JOHNSON
BOARD MEMBER
- Total calculated
- $15,302
- From this org
- $15,302
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Gary HarrisonGARY HARRISON
BOARD MEMBER
- Total calculated
- $22,653
- From this org
- $22,653
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Gerald EdmondsonGERALD EDMONDSON
BOARD MEMBER
- Total calculated
- $23,103
- From this org
- $23,103
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Hunter RobinsonHUNTER ROBINSON
BOARD MEMBER
- Total calculated
- $6,400
- From this org
- $6,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Isabell BoydISABELL BOYD
BOARD MEMBER
- Total calculated
- $19,952
- From this org
- $19,952
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
James HallJAMES HALL
BOARD MEMBER
- Total calculated
- $13,201
- From this org
- $13,201
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
James MayJAMES MAY
BOARD MEMBER
- Total calculated
- $1,100
- From this org
- $1,100
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Jane BrunsonJANE BRUNSON
BOARD MEMBER
- Total calculated
- $21,303
- From this org
- $21,303
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Jeffrey HodgesJEFFREY HODGES
BOARD MEMBER
- Total calculated
- $22,653
- From this org
- $22,653
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Jimmy EllisJIMMY ELLIS
BOARD MEMBER
- Total calculated
- $6,200
- From this org
- $6,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Joe RoneJOE RONE
BOARD MEMBER
- Total calculated
- $7,551
- From this org
- $7,551
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
John BartleyJOHN BARTLEY
BOARD MEMBER
- Total calculated
- $23,103
- From this org
- $23,103
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Jon CullimoreJON CULLIMORE
BOARD MEMBER
- Total calculated
- $21,753
- From this org
- $21,753
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Joseph ColemanJOSEPH COLEMAN
BOARD MEMBER
- Total calculated
- $22,653
- From this org
- $22,653
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Karen MooreKAREN MOORE
BOARD MEMBER
- Total calculated
- $12,403
- From this org
- $12,403
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Kim JacksonKIM JACKSON
BOARD MEMBER
- Total calculated
- $15,552
- From this org
- $15,552
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Kip JusticeKIP JUSTICE
BOARD MEMBER
- Total calculated
- $22,653
- From this org
- $22,653
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Marilyn DavisMARILYN DAVIS
BOARD MEMBER
- Total calculated
- $22,203
- From this org
- $22,203
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Mark ParkerMARK PARKER
BOARD MEMBER
- Total calculated
- $22,653
- From this org
- $22,653
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Randy BushRANDY BUSH
BOARD MEMBER
- Total calculated
- $14,200
- From this org
- $14,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Ricky JonesRICKY JONES
BOARD MEMBER
- Total calculated
- $20,403
- From this org
- $20,403
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Robert ByrdROBERT BYRD
BOARD MEMBER
- Total calculated
- $7,551
- From this org
- $7,551
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Rodney HarrisonRODNEY HARRISON
BOARD MEMBER
- Total calculated
- $28,173
- From this org
- $28,173
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Ryan CampbellRYAN CAMPBELL
BOARD MEMBER
- Total calculated
- $21,753
- From this org
- $21,753
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Shawn WallingSHAWN WALLING
BOARD MEMBER
- Total calculated
- $15,753
- From this org
- $15,753
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Stacey ParkerSTACEY PARKER
BOARD MEMBER
- Total calculated
- $22,653
- From this org
- $22,653
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Stephen RhodesSTEPHEN RHODES
BOARD MEMBER
- Total calculated
- $21,753
- From this org
- $21,753
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Steven SheffieldSTEVEN SHEFFIELD
BOARD MEMBER
- Total calculated
- $22,650
- From this org
- $22,650
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Terry MitchellTERRY MITCHELL
BOARD MEMBER
- Total calculated
- $20,853
- From this org
- $20,853
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Terry MoseleyTERRY MOSELEY
BOARD MEMBER
- Total calculated
- $23,553
- From this org
- $23,553
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Tom MaddoxTOM MADDOX
BOARD MEMBER
- Total calculated
- $22,203
- From this org
- $22,203
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Tom StackhouseTOM STACKHOUSE
BOARD MEMBER
- Total calculated
- $23,103
- From this org
- $23,103
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Tom DuncanTOM DUNCAN
BOARD MEMBER
- Total calculated
- $24,903
- From this org
- $24,903
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Vince JohnsonVINCE JOHNSON
BOARD MEMBER
- Total calculated
- $20,400
- From this org
- $20,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Wayne WilliamsWAYNE WILLIAMS
BOARD MEMBER
- Total calculated
- $4,650
- From this org
- $4,650
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Willie WrightWILLIE WRIGHT
BOARD MEMBER
- Total calculated
- $21,303
- From this org
- $21,303
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Willie SmithWILLIE SMITH
BOARD MEMBER
- Total calculated
- $24,002
- From this org
- $24,002
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7
-
Arthur BrunsonARTHUR BRUNSON
VP of Legal and Corporate Affairs
- Total calculated
- $580,036
- From this org
- $452,010
- From related orgs
- $0
- Other
- $128,026
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $401,134
- Bonus
- $0
- Other
- $50,876
- Deferred
- $105,133
- Nontaxable benefits
- $22,893
- Filer's total
- $580,036
-
Elizabeth WoodardELIZABETH WOODARD
EVP/CFO
- Total calculated
- $961,855
- From this org
- $765,366
- From related orgs
- $0
- Other
- $196,489
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $731,773
- Bonus
- $0
- Other
- $33,593
- Deferred
- $172,653
- Nontaxable benefits
- $23,836
- Filer's total
- $961,855
-
Gary SmithGARY SMITH
President/CEO
- Total calculated
- $2,376,048
- From this org
- $2,007,939
- From related orgs
- $0
- Other
- $368,109
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $1,580,715
- Bonus
- $0
- Other
- $427,224
- Deferred
- $345,493
- Nontaxable benefits
- $22,616
- Filer's total
- $2,376,048
-
Horace HornHORACE HORN
Senior VP of External Affairs
- Total calculated
- $703,192
- From this org
- $559,621
- From related orgs
- $0
- Other
- $143,571
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $469,328
- Bonus
- $0
- Other
- $90,293
- Deferred
- $122,852
- Nontaxable benefits
- $20,719
- Filer's total
- $703,192
-
Joe ArmstrongJOE ARMSTRONG
VP of Engineering & Operations
- Total calculated
- $454,645
- From this org
- $344,598
- From related orgs
- $0
- Other
- $110,047
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $315,479
- Bonus
- $0
- Other
- $29,119
- Deferred
- $87,732
- Nontaxable benefits
- $22,315
- Filer's total
- $454,645
-
John MathesonJOHN MATHESON
VP of STAFF SERVICES
- Total calculated
- $442,316
- From this org
- $332,269
- From related orgs
- $0
- Other
- $110,047
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $313,640
- Bonus
- $0
- Other
- $18,629
- Deferred
- $87,732
- Nontaxable benefits
- $22,315
- Filer's total
- $442,316
-
Mark MorganMARK MORGAN
EVP/COO
- Total calculated
- $1,644,382
- From this org
- $1,369,012
- From related orgs
- $0
- Other
- $275,370
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $1,121,924
- Bonus
- $0
- Other
- $247,088
- Deferred
- $251,534
- Nontaxable benefits
- $23,836
- Filer's total
- $1,644,382
-
Matthew DiamondMATTHEW DIAMOND
VP of POWER PRODUCTION
- Total calculated
- $517,592
- From this org
- $398,651
- From related orgs
- $0
- Other
- $118,941
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $359,387
- Bonus
- $0
- Other
- $39,264
- Deferred
- $96,358
- Nontaxable benefits
- $22,583
- Filer's total
- $517,592
-
Taylor WilliamsTAYLOR WILLIAMS
VP of External Affairs
- Total calculated
- $435,583
- From this org
- $326,376
- From related orgs
- $0
- Other
- $109,207
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $316,581
- Bonus
- $0
- Other
- $9,795
- Deferred
- $86,925
- Nontaxable benefits
- $22,282
- Filer's total
- $435,583
-
William GrahamWILLIAM GRAHAM
VP of Power Supply
- Total calculated
- $487,848
- From this org
- $374,043
- From related orgs
- $0
- Other
- $113,805
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $327,153
- Bonus
- $0
- Other
- $46,890
- Deferred
- $91,376
- Nontaxable benefits
- $22,429
- Filer's total
- $487,848
-
David PearceDAVID PEARCE
Bulk Power, Fuels & Energy Resources Manager
- Total calculated
- $283,725
- From this org
- $214,934
- From related orgs
- $0
- Other
- $68,791
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $210,318
- Bonus
- $0
- Other
- $4,616
- Deferred
- $57,295
- Nontaxable benefits
- $11,496
- Filer's total
- $283,725
-
James GrimesJAMES GRIMES
Power Production Engineering Manager
- Total calculated
- $299,932
- From this org
- $220,841
- From related orgs
- $0
- Other
- $79,091
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $208,510
- Bonus
- $0
- Other
- $12,331
- Deferred
- $58,253
- Nontaxable benefits
- $20,838
- Filer's total
- $299,932
-
James HattawayJAMES HATTAWAY
Energy Services Manager
- Total calculated
- $316,421
- From this org
- $234,611
- From related orgs
- $0
- Other
- $81,810
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $214,683
- Bonus
- $0
- Other
- $19,928
- Deferred
- $60,795
- Nontaxable benefits
- $21,015
- Filer's total
- $316,421
-
Jonathan EllisonJONATHAN ELLISON
Director of Technical Services
- Total calculated
- $336,451
- From this org
- $260,680
- From related orgs
- $0
- Other
- $75,771
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $213,605
- Bonus
- $0
- Other
- $47,075
- Deferred
- $63,497
- Nontaxable benefits
- $12,274
- Filer's total
- $336,451
-
Julian FarringtonJULIAN FARRINGTON
Manager of Planning, Compliance & REGULATION
- Total calculated
- $323,962
- From this org
- $242,955
- From related orgs
- $0
- Other
- $81,007
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $212,333
- Bonus
- $0
- Other
- $30,622
- Deferred
- $60,043
- Nontaxable benefits
- $20,964
- Filer's total
- $323,962
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 committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
- THE FOLLOWING PERSONS PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. GARY SMITH - PRESIDENT/CEO HORACE HORN - SENIOR VP OF EXTERNAL AFFAIRS DAMON MORGAN - EVP/COO ELIZABETH WOODARD - EVP/CFO RON GRAHAM - VP OF POWER SUPPLY ARTHUR BRUNSON - VP OF LEGAL AND CORPORATE AFFAIRS DURING 2024, THE FOLLOWING PAYMENTS WERE MADE TO EMPLOYEES FROM A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN GARY SMITH $290,144 HORACE HORN $19,696 MARK MORGAN $146,029
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.
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.
-
ANDALUSIA & CONECUH RAILROAD COMPANY INC
C Corporation · RAILROAD · AL · 100% owned · share of income $4,131 · share of assets $282,977 · controlled entity
Directly controlled by POWERSOUTH ENERGY COOPERATIVE
-
POWERSOUTH DEVELOPMENT CORPORATION
C Corporation · ECONOMIC DEVELOPMENT · AL · 100% owned · share of income $0 · share of assets $82,937 · controlled entity
Directly controlled by POWERSOUTH ENERGY COOPERATIVE
-
COOPERATIVE SERVICES INC
C Corporation · HOLDING COMPANY · AL · 100% owned · share of income -$6,644 · share of assets $54,010 · controlled entity
Directly controlled by POWERSOUTH ENERGY COOPERATIVE
-
COOPERATIVE SERVICES ENTERPRISES INC
C Corporation · HOLDING COMPANY · AL · 100% owned · share of income $0 · share of assets $31,400 · controlled entity
Directly controlled by COOPERATIVE SERVICES INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.1
- Source object
- 202503169349306850
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