Delta Electric Power Assn
- Assets
- $150.7m
- Revenue
- $65.1m
- Investments
- $0.0
- Employees
- 94
- Location
- Greenwood, MS
- Founding
- 06/1940
- Data as of
- 12/2021
- 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 12/2021, Delta Electric Power Assn employed 94 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 12/2021, Delta Electric Power Assn generated $65.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $65.1m during the year ending 12/2021. While expenses have increased by 0.2% 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
2021
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 | $227,508 |
Harold Pittman Assistant Ma | Officer | 40 | $186,276 |
James Kenwright Secretary/tr | Officer | 40 | $160,119 |
Harry L Howarth President | OfficerTrustee | 3 | $13,000 |
Bruce A Branch Director | Trustee | 1 | $9,000 |
M Wayne Bush Director | Trustee | 1 | $9,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deviney Construction Company Utility Row | 12/30/21 | $1,736,853 |
B&b Electrical & Utility Contractor Construction | 12/30/21 | $1,453,108 |
Abc Professional Tree Services Inc Utility Row | 12/30/21 | $790,893 |
Power Pole Maintenance Co Pole Maint. | 12/30/21 | $238,910 |
Mcneer Tree & Trimming Llc Utility Row | 12/30/21 | $336,533 |
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 | $62,443,656 |
| Investment income | $168,953 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,170,406 |
| Net Gain/Loss on Asset Sales | $211,940 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,147,881 |
| 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 | $6,688,313 |
| 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 | $907,994 |
| 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 | $481,021 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,858,854 |
| Insurance | $0 |
| All other expenses | $547,961 |
| Total functional expenses | $65,147,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,274 |
| Savings and temporary cash investments | $2,387,967 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,192,105 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,517,084 |
| Prepaid expenses and deferred charges | $3,760,974 |
| Net Land, buildings, and equipment | $107,156,551 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $26,262,351 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $150,689,306 |
| Accounts payable and accrued expenses | $5,135,095 |
| 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 | $9,379,506 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,538,501 |
| Total liabilities | $17,053,102 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $87,435 |
| Paid-in or capital surplus, or land, building, or equipment fund | $9,955,144 |
| Retained earnings, endowment, accumulated income, or other funds | $123,593,625 |
| Total liabilities and net assets/fund balances | $150,689,306 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
4-County Electric Power Association Columbus, MS | $315,642,901 | $133,649,967 |
Beauregard Electric Cooperative Inc Deridder, LA | $317,710,520 | $130,661,746 |
Upper Cumberland Electric Membership Corporation Carthage, TN | $208,911,918 | $121,895,944 |
Meriwether Lewis Electric Cooperative Centerville, TN | $179,486,251 | $119,621,039 |
Northcentral Electric Cooperative Olive Branch, MS | $185,941,805 | $125,968,963 |
Tombigbee Electric Power Assn Tupelo, MS | $221,161,642 | $118,553,499 |
Southwest Tennessee Electric Membership Corp Brownsville, TN | $219,052,657 | $121,626,016 |
Appalachian Electric Cooperative New Market, TN | $242,163,198 | $119,028,278 |
Dixie Electric Power Assn Laurel, MS | $277,061,319 | $96,509,999 |
Gibson Electric Membership Corp Trenton, TN | $199,281,246 | $104,510,085 |
Central Electric Power Association Carthage, MS | $142,416,370 | $101,127,410 |
Holston Electric Cooperative Inc Rogersville, TN | $140,432,181 | $97,958,544 |