Delta Electric Power Assn
- Assets
- $184.6m
- Revenue
- $76.9m
- Investments
- $0.0
- Employees
- 86
- Location
- Greenwood, MS
- Founding
- 06/1940
- Data as of
- 12/2022
- EIN
- 64-0146265
Organization Overview
Delta Electric Power Assn is located in Greenwood, MS. The organization was established in 1940. 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 12/2022, Delta Electric Power Assn employed 86 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delta Electric Power Assn 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 12/2022, Delta Electric Power Assn generated $76.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $76.9m during the year ending 12/2022. While expenses have increased by 2.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RELIABLE ELECTRIC POWER AND RELATED SERVICES TO OUR MEMBERS AT THE MOST AFFORDABLE COST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED RELIABLE ELECTRIC POWER AND RELATED SERVICES TO OUR MEMBERS AT THE MOST AFFORDABLE COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ds O'bryan General Mgr. | Officer | 40 | $238,999 |
Harold Pittman Assistant Ma | Officer | 40 | $194,085 |
John Long Secretary/tr | Officer | 40 | $130,780 |
Harry L Howarth President | OfficerTrustee | 3 | $13,000 |
Hugh Arant Director | Trustee | 1 | $9,000 |
Marsha L Depriest Vice Preside | OfficerTrustee | 1 | $9,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ervin Cable Construction Fiber Construct | 12/30/22 | $8,134,732 |
Conexon Llc Engineer For Fi | 12/30/22 | $3,225,215 |
Mdr Construction Inc Fiber Construct | 12/30/22 | $5,162,899 |
Magnolia Utility Service Llc Utility Row | 12/30/22 | $1,030,773 |
Abc Professional Tree Services Inc Utility Row | 12/30/22 | $608,874 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $69,316,398 |
| Investment income | $351,823 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,219,825 |
| Net Gain/Loss on Asset Sales | $184,156 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,862,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $12,612,616 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $869,629 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,152,666 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,545,757 |
| Insurance | $0 |
| All other expenses | $581,963 |
| Total functional expenses | $76,862,896 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,611 |
| Savings and temporary cash investments | $10,753,539 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,593,716 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,015,667 |
| Prepaid expenses and deferred charges | $3,927,407 |
| Net Land, buildings, and equipment | $131,230,308 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $28,028,909 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $184,622,157 |
| Accounts payable and accrued expenses | $9,380,712 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $29,725,823 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,706,912 |
| Total liabilities | $41,813,447 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $87,995 |
| Paid-in or capital surplus, or land, building, or equipment fund | $11,934,874 |
| Retained earnings, endowment, accumulated income, or other funds | $130,785,841 |
| Total liabilities and net assets/fund balances | $184,622,157 |