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Nonprofiteer
← 4-COUNTY ELECTRIC POWER ASSOCIATION

Form 990 for tax year 2023

Filed by 4-COUNTY ELECTRIC POWER ASSOCIATION.

Totals

Total revenue
$148,210,600
Total expenses
$142,221,336
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$143,763,784
Investment income
$195,147
Other revenue
$4,251,669
Total assets, end of year
$366,061,339
Total liabilities, end of year
$195,857,797
Net assets or fund balances, end of year
$170,203,542
Program services expenses (Part IX)
$141,565,923
Management and general expenses
$655,413
Fundraising expenses
$0
Program service expenses (Part III)
$141,565,923

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 $136,176,760 · related or exempt $136,176,760

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

    total $7,587,024 · unrelated business $7,587,024

  • 3 · Investment income

    total $194,283 · excluded $194,283

  • 6a · Gross rents

    real property $3,921,317

  • 6c · Rental income or loss

    real property $3,921,317

  • 6d · Net rental income or loss

    total $3,921,317 · related or exempt $3,921,317

  • 7a · Gross sales of assets other than inventory

    securities $864

  • 7c · Gain or loss

    securities $864

  • 7d · Net gain or loss

    total $864 · related or exempt $864

  • 11a · Other revenue: NONOPERATING INCOME

    total $310,409 · related or exempt $310,409

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

    total $19,943 · related or exempt $19,943

  • 11e · Other revenue, total

    $330,352

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $599,485 · management and general $599,485

  • 7 · Other salaries and wages

    total $5,027,340 · program services $5,027,340

  • 8 · Pension plan contributions

    total $586,739 · program services $557,402 · management and general $29,337

  • 10 · Payroll taxes

    total $992,154 · program services $965,563 · management and general $26,591

  • 20 · Interest

    total $7,845,982 · program services $7,845,982

  • 22 · Depreciation, depletion and amortization

    total $16,406,400 · program services $16,406,400

  • 24a · Other expenses: PURCHASED POWER

    total $92,854,713 · program services $92,854,713

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $8,278,311 · program services $8,278,311

  • 24c · Other expenses: GENERAL EXPENSE

    total $4,477,467 · program services $4,477,467

  • 24d · Other expenses: CUSTOMER ACCOUNTS

    total $2,042,957 · program services $2,042,957

  • 24e · All other expenses

    total $3,109,788 · program services $3,109,788

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $633,784 · end of year $1,655,948

  • 4 · Accounts receivable

    beginning of year $14,065,675 · end of year $15,558,376

  • 7 · Other notes and loans receivable

    beginning of year $100 · end of year $100

  • 8 · Inventories for sale or use

    beginning of year $2,981,007 · end of year $2,251,099

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

    $450,695,155

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

    $111,421,560

  • 10c · Land, buildings and equipment, net

    beginning of year $326,772,528 · end of year $339,273,595

  • 13 · Investments: program-related

    beginning of year $2,062,959 · end of year $2,039,917

  • 15 · Other assets

    beginning of year $5,037,714 · end of year $5,282,304

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,327,521 · end of year $23,632,448

  • 23 · Secured mortgages and notes payable

    beginning of year $143,063,683 · end of year $151,946,444

  • 24 · Unsecured notes and loans payable

    beginning of year $8,694,137 · end of year $8,652,810

  • 25 · Other liabilities

    beginning of year $10,800,471 · end of year $11,626,095

  • 31 · Retained earnings, endowment or other funds

    beginning of year $162,667,955 · end of year $170,203,542

Mission and programs · 2023

Mission

TO PROVIDE ELECTRICITY AND RELATED SERVICES TO ITS MEMBERS.

  • TO PROVIDE ELECTRICITY AND RELATED SERVICES TO ITS MEMBERS.

    Expenses $130,724,778 · Revenue $143,763,784

  • TO PROVIDE ELECTRICITY AND RELATED SERVICES TO ITS MEMBERS.

    Expenses $10,841,145

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thomas M Crowder

    PRESIDENT

    Total calculated
    $18,539
    From this org
    $18,539
    From related orgs
    $0
    Other
    $0
    Hours/week
    25

  • Larry Bruff Sanders

    VICE PRESIDE

    Total calculated
    $23,039
    From this org
    $23,039
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • John E Gilliland Jr

    SECRETARY/TR

    Total calculated
    $17,939
    From this org
    $17,939
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Johnny Johnson

    DIRECTOR

    Total calculated
    $23,731
    From this org
    $23,731
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Michael R Banks

    DIRECTOR

    Total calculated
    $21,167
    From this org
    $21,167
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • William J Bell Jr

    DIRECTOR

    Total calculated
    $22,739
    From this org
    $22,739
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • William R Dodds

    DIRECTOR

    Total calculated
    $33,127
    From this org
    $33,127
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Brian Clark

    CEO

    Total calculated
    $269,583
    From this org
    $262,521
    From related orgs
    $0
    Other
    $7,062
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $262,521
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,062
    Nontaxable benefits
    not reported
    Filer's total
    $269,583

  • M Curtis Neyman Jr

    CFO

    Total calculated
    $169,621
    From this org
    $162,559
    From related orgs
    $0
    Other
    $7,062
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $162,559
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,062
    Nontaxable benefits
    not reported
    Filer's total
    $169,621

  • William A Miller

    MANAGER OF O

    Total calculated
    $166,983
    From this org
    $159,921
    From related orgs
    $0
    Other
    $7,062
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $159,921
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,062
    Nontaxable benefits
    not reported
    Filer's total
    $166,983

  • Jimmie G Daniels

    SYSTEM SECUR

    Total calculated
    $162,932
    From this org
    $155,870
    From related orgs
    $0
    Other
    $7,062
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $155,870
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,062
    Nontaxable benefits
    not reported
    Filer's total
    $162,932

  • Jonathon M Turner

    MARKETING MA

    Total calculated
    $162,872
    From this org
    $155,810
    From related orgs
    $0
    Other
    $7,062
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $155,810
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,062
    Nontaxable benefits
    not reported
    Filer's total
    $162,872

  • Leonard R Thrash

    SYSTEM ENGIN

    Total calculated
    $147,561
    From this org
    $140,499
    From related orgs
    $0
    Other
    $7,062
    Hours/week
    50

  • David Kilpatrick

    MANAGER OF I

    Total calculated
    $141,446
    From this org
    $134,384
    From related orgs
    $0
    Other
    $7,062
    Hours/week
    50

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

Provenance

Return type
form_990
Tax year
2023
Filed
22 October 2024
IRS schema version
2023v5.0
Source object
202422979349301437

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