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Nonprofiteer
← 4-COUNTY ELECTRIC POWER ASSOCIATION

Form 990 for tax year 2024

Filed by 4-COUNTY ELECTRIC POWER ASSOCIATION.

Totals

Total revenue
$160,473,919
Total expenses
$148,404,521
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$155,457,172
Investment income
$190,472
Other revenue
$4,826,275
Total assets, end of year
$371,716,231
Total liabilities, end of year
$189,442,593
Net assets or fund balances, end of year
$182,273,638
Program services expenses (Part IX)
$147,695,396
Management and general expenses
$709,125
Fundraising expenses
$0
Program service expenses (Part III)
$147,695,396

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 $146,935,132 · related or exempt $146,935,132

  • 2b · Program service revenue: FIBER NETWORK ACCESS FEE

    total $8,522,040 · unrelated business $8,522,040

  • 3 · Investment income

    total $190,702 · excluded $190,702

  • 6a · Gross rents

    real property $4,430,265

  • 6c · Rental income or loss

    real property $4,430,265

  • 6d · Net rental income or loss

    total $4,430,265 · related or exempt $4,430,265

  • 7a · Gross sales of assets other than inventory

    securities $190

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

    securities $420

  • 7c · Gain or loss

    securities -$230

  • 7d · Net gain or loss

    total -$230 · related or exempt -$230

  • 11a · Other revenue: NONOPERATING INCOME

    total $404,592 · related or exempt $404,592

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

    total -$8,582 · related or exempt -$8,582

  • 11e · Other revenue, total

    $396,010

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $648,044 · management and general $648,044

  • 7 · Other salaries and wages

    total $5,496,304 · program services $5,496,304

  • 8 · Pension plan contributions

    total $657,987 · program services $625,088 · management and general $32,899

  • 10 · Payroll taxes

    total $1,069,040 · program services $1,040,858 · management and general $28,182

  • 20 · Interest

    total $7,904,033 · program services $7,904,033

  • 22 · Depreciation, depletion and amortization

    total $16,961,283 · program services $16,961,283

  • 24a · Other expenses: PURCHASED POWER

    total $100,021,057 · program services $100,021,057

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $7,203,791 · program services $7,203,791

  • 24c · Other expenses: GENERAL EXPENSE

    total $4,244,692 · program services $4,244,692

  • 24d · Other expenses: CUSTOMER ACCOUNTS

    total $1,526,411 · program services $1,526,411

  • 24e · All other expenses

    total $2,671,879 · program services $2,671,879

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,655,948 · end of year $3,126,132

  • 4 · Accounts receivable

    beginning of year $15,558,376 · end of year $17,416,846

  • 7 · Other notes and loans receivable

    beginning of year $100 · end of year $100

  • 8 · Inventories for sale or use

    beginning of year $2,251,099 · end of year $1,988,817

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

    $464,835,319

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

    $123,380,539

  • 10c · Land, buildings and equipment, net

    beginning of year $339,273,595 · end of year $341,454,780

  • 13 · Investments: program-related

    beginning of year $2,039,917 · end of year $2,067,241

  • 15 · Other assets

    beginning of year $5,282,304 · end of year $5,662,315

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,632,448 · end of year $23,679,333

  • 23 · Secured mortgages and notes payable

    beginning of year $151,946,444 · end of year $145,135,815

  • 24 · Unsecured notes and loans payable

    beginning of year $8,652,810 · end of year $6,000,001

  • 25 · Other liabilities

    beginning of year $11,626,095 · end of year $14,627,444

  • 31 · Retained earnings, endowment or other funds

    beginning of year $170,203,542 · end of year $182,273,638

Mission and programs · 2024

Mission

TO PROVIDE ELECTRICITY AND RELATED SERVICES TO ITS MEMBERS.

  • TO PROVIDE ELECTRICITY AND RELATED SERVICES TO ITS MEMBERS.

    Expenses $136,741,219 · Revenue $155,457,172

  • TO PROVIDE ELECTRICITY AND RELATED SERVICES TO ITS MEMBERS.

    Expenses $10,954,177

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • THOMAS M CROWDER

    PRESIDENT

    Total calculated
    $34,990
    From this org
    $21,150
    From related orgs
    $13,840
    Other
    $0
    Hours/week
    15 + 10 related

  • LARRY BRUFF SANDERS

    VICE PRESIDE

    Total calculated
    $39,390
    From this org
    $25,750
    From related orgs
    $13,640
    Other
    $0
    Hours/week
    10 + 5 related

  • JOHN E GILLILAND JR

    SECRETARY/TR

    Total calculated
    $31,890
    From this org
    $18,400
    From related orgs
    $13,490
    Other
    $0
    Hours/week
    10 + 5 related

  • JOHNNY JOHNSON

    DIRECTOR

    Total calculated
    $34,976
    From this org
    $21,686
    From related orgs
    $13,290
    Other
    $0
    Hours/week
    10 + 5 related

  • MICHAEL R BANKS

    DIRECTOR

    Total calculated
    $29,614
    From this org
    $16,024
    From related orgs
    $13,590
    Other
    $0
    Hours/week
    10 + 5 related

  • WILLIAM J BELL JR

    DIRECTOR

    Total calculated
    $38,690
    From this org
    $25,400
    From related orgs
    $13,290
    Other
    $0
    Hours/week
    10 + 5 related

  • WILLIAM R DODDS

    DIRECTOR

    Total calculated
    $39,681
    From this org
    $26,391
    From related orgs
    $13,290
    Other
    $0
    Hours/week
    10 + 5 related

  • BRIAN CLARK

    CEO

    Total calculated
    $306,371
    From this org
    $276,820
    From related orgs
    $9,971
    Other
    $19,580
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $276,820
    Bonus
    not reported + $9,971 related
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $19,580
    Filer's total
    $296,400 + $9,971 related

  • M CURTIS NEYMAN JR

    CFO

    Total calculated
    $196,843
    From this org
    $177,263
    From related orgs
    $0
    Other
    $19,580
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $177,263
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $19,580
    Filer's total
    $196,843

  • WILLIAM A MILLER

    MANAGER OF O

    Total calculated
    $182,774
    From this org
    $163,194
    From related orgs
    $0
    Other
    $19,580
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $163,194
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $19,580
    Filer's total
    $182,774

  • JIMMIE G DANIELS

    SYSTEM SECUR

    Total calculated
    $168,262
    From this org
    $161,144
    From related orgs
    $0
    Other
    $7,118
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $161,144
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $7,118
    Filer's total
    $168,262

  • JONATHON M TURNER

    MARKETING MA

    Total calculated
    $186,071
    From this org
    $166,491
    From related orgs
    $0
    Other
    $19,580
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $166,491
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $19,580
    Filer's total
    $186,071

  • LEONARD R THRASH

    SYSTEM ENGIN

    Total calculated
    $186,114
    From this org
    $166,534
    From related orgs
    $0
    Other
    $19,580
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $166,534
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $19,580
    Filer's total
    $186,114

  • GEORGE F JONES

    MAINT. CREW

    Total calculated
    $162,852
    From this org
    $143,272
    From related orgs
    $0
    Other
    $19,580
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $143,272
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $19,580
    Filer's total
    $162,852

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 $2,415,458 · share of assets $26,706,858

Provenance

Return type
form_990
Tax year
2024
Filed
1 December 2025
IRS schema version
2024v5.0
Source object
202523379349300907

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