Alcorn County Electric Power Association

Organization Overview

Alcorn County Electric Power Association is located in Corinth, MS. The organization was established in 1937. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2021, Alcorn County Electric Power Association employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alcorn County Electric Power Association is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 06/2021, Alcorn County Electric Power Association generated $19.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $14.8m during the year ending 06/2021. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE ELECTRICITY TO MEMBERS IN THE ALCORN COUNTY, MS AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED ELECTRICITY TO APPROXIMATELY 19,000 CUSTOMERS/MEMBERS


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Board, Officers & Key Employees

Name (title)Compensation
Eddie Howard
CEO
$210,283
Jason Grisham
COO
$186,796
Sean Mcgrath
CFO
$173,315
Paul Mcnair
Asst. Oper M
$153,710
Wally Eaton
Line Foreman
$151,667
Trint Baggett
System Engin
$128,597

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sdt Solutions Llc Sdt Solutions Llc
Infrastructure
$6,537,293
Asplundh Tree Experts Asplundh Tree Experts
Tree Trimming
$542,445
Fiberrise Communications Llc Fiberrise Communications Llc
Eng. Consulting
$2,472,762
Brander Group Brander Group
It Consulting
$253,952
Central Service Association Central Service Association
Software & Main
$199,064
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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $150,278
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,542,565
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $15,011,008
Miscellaneous Revenue$0
Total Revenue $19,179,595

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