Skip to content
Nonprofiteer
← MPD ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by MPD ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$23,307,360
Total expenses
$23,307,360
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$23,305,384
Investment income
$1,976
Other revenue
$0
Total assets, end of year
$212,788,185
Total liabilities, end of year
$155,790,292
Net assets or fund balances, end of year
$56,997,893
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: ELECTRIC DISTRIBUTION SERVICE

    total $23,305,384 · related or exempt $23,305,384

  • 3 · Investment income

    total $1,976 · excluded $1,976

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $733,709

  • 7 · Other salaries and wages

    total $2,360,982

  • 12 · Advertising and promotion

    total $68,845

  • 13 · Office expenses

    total $264,941

  • 20 · Interest

    total $2,947,900

  • 22 · Depreciation, depletion and amortization

    total $4,619,495

  • 24a · Other expenses: DISTRIBUTION MAINTENANCE

    total $5,169,114

  • 24b · Other expenses: DISTRIBUTION OPERATIONS

    total $3,739,211

  • 24c · Other expenses: ADMIN & GENERAL EXPENSES

    total $2,254,785

  • 24d · Other expenses: CUSTOMER SERVICE & INFO

    total $1,064,799

  • 24e · All other expenses

    total $83,579

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,913,754 · end of year $251,555

  • 4 · Accounts receivable

    beginning of year $4,043,774 · end of year $6,187,420

  • 8 · Inventories for sale or use

    beginning of year $57,928 · end of year $4,291,837

  • 9 · Prepaid expenses and deferred charges

    beginning of year $173,054 · end of year $476,457

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

    $330,640,368

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

    $129,692,491

  • 10c · Land, buildings and equipment, net

    end of year $200,947,877

  • 13 · Investments: program-related

    end of year $2,000

  • 15 · Other assets

    beginning of year $1,489,774 · end of year $631,039

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,598,487 · end of year $9,888,912

  • 23 · Secured mortgages and notes payable

    end of year $141,706,293

  • 25 · Other liabilities

    beginning of year $3,079,797 · end of year $4,195,087

  • 31 · Retained earnings, endowment or other funds

    end of year $56,997,893

Mission and programs · 2022

Mission

PROVIDING ELECTRICITY DISTRIBUTION SERVICES TO ITS TWO SEC 501(C)(12) MEMBERS.

  • N/A

As filed on the 2022 return.

Listed in Part VII

  • William L Fleming Jr

    PRESIDENT (C

    Total calculated
    $803,622
    From this org
    $562,381
    From related orgs
    $0
    Other
    $241,241
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $495,551
    Bonus
    $26,000
    Other
    $40,830
    Deferred
    $241,241
    Nontaxable benefits
    not reported
    Filer's total
    $803,622

  • Robert B Fleming

    CHIEF OPERAT

    Total calculated
    $723,379
    From this org
    $562,094
    From related orgs
    $0
    Other
    $161,285
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $382,058
    Bonus
    $154,141
    Other
    $25,895
    Deferred
    $161,285
    Nontaxable benefits
    not reported
    Filer's total
    $723,379

  • Thomas H Freeman

    CHIEF ADMIN

    Total calculated
    $448,677
    From this org
    $317,182
    From related orgs
    $0
    Other
    $131,495
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,551
    Bonus
    $25,350
    Other
    $21,281
    Deferred
    $131,495
    Nontaxable benefits
    not reported
    Filer's total
    $448,677

  • Lori A Stuckey

    CHIEF CONSUM

    Total calculated
    $444,319
    From this org
    $312,824
    From related orgs
    $0
    Other
    $131,495
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,451
    Bonus
    $16,100
    Other
    $25,273
    Deferred
    $131,495
    Nontaxable benefits
    not reported
    Filer's total
    $444,319

  • Robert T Kirk

    VP OPERATION

    Total calculated
    $430,427
    From this org
    $304,157
    From related orgs
    $0
    Other
    $126,270
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,875
    Bonus
    $21,000
    Other
    $23,282
    Deferred
    $126,270
    Nontaxable benefits
    not reported
    Filer's total
    $430,427

  • Jessica Mason

    VP, ACCOUNTI

    Total calculated
    $418,089
    From this org
    $311,243
    From related orgs
    $0
    Other
    $106,846
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,051
    Bonus
    $16,100
    Other
    $23,092
    Deferred
    $106,846
    Nontaxable benefits
    not reported
    Filer's total
    $418,089

  • John Alford

    DIRECTOR

    Total calculated
    $13,996
    From this org
    $13,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • James A Goodson

    CHAIRMAN

    Total calculated
    $13,996
    From this org
    $13,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Sam P McInnis Jr

    VICE CHAIRMA

    Total calculated
    $13,996
    From this org
    $13,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • F Lashon Sellers

    DIRECTOR

    Total calculated
    $13,996
    From this org
    $13,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Ricky Smith

    DIRECTOR

    Total calculated
    $13,996
    From this org
    $13,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Lee C White

    DIRECTOR

    Total calculated
    $13,996
    From this org
    $13,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Melvin Carabo

    DIRECTOR

    Total calculated
    $12,996
    From this org
    $12,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Preston Gainey

    DIRECTOR

    Total calculated
    $12,996
    From this org
    $12,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Edgar Gordon

    DIRECTOR

    Total calculated
    $12,996
    From this org
    $12,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jamie T Grant

    DIRECTOR

    Total calculated
    $12,996
    From this org
    $12,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • David Howell

    DIRECTOR

    Total calculated
    $12,996
    From this org
    $12,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Robert Norton

    DIRECTOR

    Total calculated
    $12,996
    From this org
    $12,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Hamer Parnell

    DIRECTOR

    Total calculated
    $12,996
    From this org
    $12,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Donald Jeff Quick

    DIRECTOR

    Total calculated
    $12,996
    From this org
    $12,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • W Ronald Quick

    DIRECTOR

    Total calculated
    $12,996
    From this org
    $12,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • William F Buster Rogers

    DIRECTOR

    Total calculated
    $12,996
    From this org
    $12,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Janelle Sauls

    DIRECTOR

    Total calculated
    $12,996
    From this org
    $12,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Don R Teal

    DIRECTOR

    Total calculated
    $12,996
    From this org
    $12,996
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Patrick Ann Toney

    SECRETARY/TR

    Total calculated
    $12,996
    From this org
    $12,996
    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 · Form 990 of other organizations
  • 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343349349301314

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.