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Nonprofiteer
← DELTA ELECTRIC POWER ASSN

Form 990 for tax year 2023

Filed by DELTA ELECTRIC POWER ASSN.

Totals

Total revenue
$77,540,440
Total expenses
$77,540,440
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$69,300,135
Investment income
$314,295
Other revenue
$7,926,010
Total assets, end of year
$192,425,531
Total liabilities, end of year
$43,599,513
Net assets or fund balances, end of year
$148,826,018
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: SALE OF ELECTRICITY

    total $68,433,645 · related or exempt $68,433,645

  • 2b · Program service revenue: SERVICE RELATED REVENUE

    total $753,530 · related or exempt $753,530

  • 2c · Program service revenue: CAPITAL CREDITS

    total $112,960 · related or exempt $112,960

  • 3 · Investment income

    total $310,695 · excluded $310,695

  • 6a · Gross rents

    real property $6,066,753

  • 6c · Rental income or loss

    real property $6,066,753

  • 6d · Net rental income or loss

    total $6,066,753 · excluded $6,066,753

  • 7a · Gross sales of assets other than inventory

    securities $3,600

  • 7c · Gain or loss

    securities $3,600

  • 7d · Net gain or loss

    total $3,600 · related or exempt $3,600

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $1,558,071 · related or exempt $1,558,071

  • 11b · Other revenue: NET INCOME FROM DELTA FIBER

    total $301,186 · related or exempt $301,186

  • 11e · Other revenue, total

    $1,859,257

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $9,401,837

  • 7 · Other salaries and wages

    total $848,320

  • 20 · Interest

    total $1,322,082

  • 22 · Depreciation, depletion and amortization

    total $9,191,243

  • 24a · Other expenses: COST OF POWER

    total $41,779,782

  • 24b · Other expenses: DISTR. EXP. MAINTENANCE

    total $8,763,814

  • 24c · Other expenses: ADMIN. & GENERAL

    total $3,648,667

  • 24d · Other expenses: DISTR. EXP. OPERATIONS

    total $2,015,564

  • 24e · All other expenses

    total $569,131

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $72,611

  • 2 · Savings and temporary cash investments

    beginning of year $10,753,539 · end of year $2,991,770

  • 4 · Accounts receivable

    beginning of year $2,593,716 · end of year $2,749,573

  • 8 · Inventories for sale or use

    beginning of year $8,015,667 · end of year $6,231,945

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,927,407 · end of year $3,922,650

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

    $265,515,592

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

    $116,958,412

  • 10c · Land, buildings and equipment, net

    beginning of year $131,230,308 · end of year $148,557,180

  • 13 · Investments: program-related

    beginning of year $28,028,909 · end of year $27,972,413

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,380,712 · end of year $13,528,257

  • 23 · Secured mortgages and notes payable

    beginning of year $29,725,823 · end of year $27,184,282

  • 25 · Other liabilities

    beginning of year $2,706,912 · end of year $2,886,974

  • 29 · Capital stock, trust principal or current funds

    beginning of year $87,995 · end of year $88,330

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

    beginning of year $11,934,874 · end of year $12,845,491

  • 31 · Retained earnings, endowment or other funds

    beginning of year $130,785,841 · end of year $135,892,197

Mission and programs · 2023

Mission

TO PROVIDE RELIABLE ELECTRIC POWER AND RELATED SERVICES TO OUR MEMBERS AT THE MOST AFFORDABLE COST.

  • PROVIDED RELIABLE ELECTRIC POWER AND RELATED SERVICES TO OUR MEMBERS AT THE MOST AFFORDABLE COST.

As filed on the 2023 return.

Listed in Part VII

  • Ds O'Bryan

    GENERAL MGR.

    Total calculated
    $372,420
    From this org
    $257,292
    From related orgs
    $34,142
    Other
    $80,986
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,292 + $34,142 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $80,986
    Nontaxable benefits
    not reported
    Filer's total
    $338,278 + $34,142 related

  • Harold Pittman

    ASSISTANT MA

    Total calculated
    $273,850
    From this org
    $212,916
    From related orgs
    $0
    Other
    $60,934
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,916
    Bonus
    not reported
    Other
    not reported
    Deferred
    $60,934
    Nontaxable benefits
    not reported
    Filer's total
    $273,850

  • Jerry W Holloway

    HIGHEST COMP

    Total calculated
    $207,737
    From this org
    $170,711
    From related orgs
    $0
    Other
    $37,026
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,711
    Bonus
    not reported
    Other
    not reported
    Deferred
    $37,026
    Nontaxable benefits
    not reported
    Filer's total
    $207,737

  • Timothy McBride

    HIGHEST COMP

    Total calculated
    $186,130
    From this org
    $131,870
    From related orgs
    $0
    Other
    $54,260
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,870
    Bonus
    not reported
    Other
    not reported
    Deferred
    $54,260
    Nontaxable benefits
    not reported
    Filer's total
    $186,130

  • Michael Maloney

    SECRETARY/TR

    Total calculated
    $136,941
    From this org
    $110,569
    From related orgs
    $0
    Other
    $26,372
    Hours/week
    40

  • Harry L Howarth

    PRESIDENT

    Total calculated
    $47,488
    From this org
    $13,000
    From related orgs
    $34,488
    Other
    $0
    Hours/week
    3

  • Hugh Arant

    DIRECTOR

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Marsha L Depriest

    VICE PRESIDE

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Charles R Hull

    DIRECTOR

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Walter R Pillow

    DIRECTOR

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Emery D Skelton

    DIRECTOR

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Kt Streater

    DIRECTOR

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Bruce A Branch

    DIRECTOR

    Total calculated
    $8,250
    From this org
    $8,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • M Wayne Bush

    DIRECTOR

    Total calculated
    $8,250
    From this org
    $8,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John A Denton

    DIRECTOR

    Total calculated
    $8,250
    From this org
    $8,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.5

  • Chris Waterer

    DIRECTOR

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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 · 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

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.

  • DELTA FIBER LLC

    C CORP · BROADBAND · MS

    Directly controlled by DELTA ELEC DELTA ELECTRIC POWER ASSOCIATION

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202441359349310014

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