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Nonprofiteer
← 4-COUNTY ELECTRIC POWER ASSOCIATION

Form 990 for tax year 2022

Filed by 4-COUNTY ELECTRIC POWER ASSOCIATION.

Totals

Total revenue
$141,381,532
Total expenses
$140,212,684
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$136,993,648
Investment income
$149,138
Other revenue
$4,238,746
Total assets, end of year
$351,553,767
Total liabilities, end of year
$188,885,812
Net assets or fund balances, end of year
$162,667,955
Program services expenses (Part IX)
$139,579,851
Management and general expenses
$632,833
Fundraising expenses
$0
Program service expenses (Part III)
$139,579,851

Program services were 99.5% 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 $132,201,893 · related or exempt $132,201,893

  • 2b · Program service revenue: FIBER ATTACHMENT FEES

    total $4,791,755 · unrelated business $4,791,755

  • 3 · Investment income

    total $134,866 · excluded $134,866

  • 6a · Gross rents

    real property $3,825,578

  • 6c · Rental income or loss

    real property $3,825,578

  • 6d · Net rental income or loss

    total $3,825,578 · related or exempt $3,825,578

  • 7a · Gross sales of assets other than inventory

    other assets $14,272

  • 7c · Gain or loss

    other assets $14,272

  • 7d · Net gain or loss

    total $14,272 · related or exempt $14,272

  • 11a · Other revenue: NONOPERATING INCOME

    total $236,706 · related or exempt $236,706

  • 11b · Other revenue: GAIN ON DISPOSITION OF PROPER

    total $176,462 · related or exempt $176,462

  • 11e · Other revenue, total

    $413,168

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $591,680 · management and general $591,680

  • 7 · Other salaries and wages

    total $5,003,408 · program services $5,003,408

  • 8 · Pension plan contributions

    total $495,338 · program services $479,126 · management and general $16,212

  • 10 · Payroll taxes

    total $923,140 · program services $898,199 · management and general $24,941

  • 20 · Interest

    total $5,957,828 · program services $5,957,828

  • 22 · Depreciation, depletion and amortization

    total $15,056,939 · program services $15,056,939

  • 24a · Other expenses: PURCHASED POWER

    total $94,950,472 · program services $94,950,472

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $8,194,160 · program services $8,194,160

  • 24c · Other expenses: GENERAL EXPENSE

    total $4,394,347 · program services $4,394,347

  • 24d · Other expenses: CUSTOMER ACCOUNTS

    total $1,767,669 · program services $1,767,669

  • 24e · All other expenses

    total $2,877,703 · program services $2,877,703

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,200 · end of year $633,784

  • 4 · Accounts receivable

    beginning of year $16,344,862 · end of year $14,065,675

  • 7 · Other notes and loans receivable

    beginning of year $100 · end of year $100

  • 8 · Inventories for sale or use

    beginning of year $2,553,880 · end of year $2,981,007

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

    $425,863,499

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

    $99,090,971

  • 10c · Land, buildings and equipment, net

    beginning of year $291,820,113 · end of year $326,772,528

  • 13 · Investments: program-related

    beginning of year $2,093,627 · end of year $2,062,959

  • 15 · Other assets

    beginning of year $2,815,119 · end of year $5,037,714

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,017,568 · end of year $26,327,521

  • 23 · Secured mortgages and notes payable

    beginning of year $113,566,676 · end of year $143,063,683

  • 24 · Unsecured notes and loans payable

    beginning of year $3,796,052 · end of year $8,694,137

  • 25 · Other liabilities

    beginning of year $9,764,334 · end of year $10,800,471

  • 31 · Retained earnings, endowment or other funds

    beginning of year $161,498,271 · end of year $162,667,955

Mission and programs · 2022

Mission

TO PROVIDE ELECTRICITY AND RELATED SERVICES TO ITS MEMBERS.

  • TO PROVIDE ELECTRICITY AND RELATED SERVICES TO ITS MEMBERS.

    Expenses $132,263,328 · Revenue $136,993,648

  • TO PROVIDE ELECTRICITY AND RELATED SERVICES TO ITS MEMBERS.

    Expenses $7,316,523

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael R Banks

    PRESIDENT

    Total calculated
    $19,168
    From this org
    $19,168
    From related orgs
    $0
    Other
    $0
    Hours/week
    25

  • Thomas M Crowder

    VICE PRESIDE

    Total calculated
    $17,515
    From this org
    $17,515
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Larry Bruff Sanders

    SECRETARY/TR

    Total calculated
    $22,294
    From this org
    $22,294
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Johnny Johnson

    DIRECTOR

    Total calculated
    $19,182
    From this org
    $19,182
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • John E Gilliland Jr

    DIRECTOR

    Total calculated
    $15,140
    From this org
    $15,140
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • William J Bell Jr

    DIRECTOR

    Total calculated
    $18,640
    From this org
    $18,640
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Kenneth Seitz

    DIRECTOR

    Total calculated
    $13,913
    From this org
    $13,913
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Brian Clark

    CEO

    Total calculated
    $289,424
    From this org
    $266,889
    From related orgs
    $0
    Other
    $22,535
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $266,889
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $22,535
    Filer's total
    $289,424

  • M Curtis Neyman Jr

    CFO

    Total calculated
    $176,404
    From this org
    $154,537
    From related orgs
    $0
    Other
    $21,867
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $154,537
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $21,867
    Filer's total
    $176,404

  • William A Miller

    MANAGER OF O

    Total calculated
    $174,983
    From this org
    $158,109
    From related orgs
    $0
    Other
    $16,874
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $158,109
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $16,874
    Filer's total
    $174,983

  • Jonathon M Turner

    MARKETING MA

    Total calculated
    $177,816
    From this org
    $156,060
    From related orgs
    $0
    Other
    $21,756
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $156,060
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $21,756
    Filer's total
    $177,816

  • Jimmie G Daniels

    SYSTEM SECUR

    Total calculated
    $165,953
    From this org
    $149,052
    From related orgs
    $0
    Other
    $16,901
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $149,052
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $16,901
    Filer's total
    $165,953

  • Michael D Jones

    OPERATIONS E

    Total calculated
    $160,988
    From this org
    $148,348
    From related orgs
    $0
    Other
    $12,640
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $148,348
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $12,640
    Filer's total
    $160,988

  • Leonard R Thrash

    SYSTEM ENGIN

    Total calculated
    $150,388
    From this org
    $133,665
    From related orgs
    $0
    Other
    $16,723
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $133,665
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $16,723
    Filer's total
    $150,388

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

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.

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.

  • 4-COUNTY FIBER LLC

    C CORP · INTERNET · MS · 100% owned · share of income $11,549,537 · share of assets $29,955,974

Provenance

Return type
form_990
Tax year
2022
Filed
12 December 2023
IRS schema version
2022v5.0
Source object
202313469349300981

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