North East Mississippi Electric Power Association is located in Oxford, 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 06/2022, North East Mississippi Electric Power Association employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North East Mississippi 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 06/2022, North East Mississippi Electric Power Association generated $81.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $75.0m during the year ending 06/2022. While expenses have increased by 28.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELECTRIC UTILITY SERVICES TO MEMBERS IN NORTH EAST MISSISSIPPI
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVE MEMBERS WITH ELECTRIC UTILITY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Keith Hayward CEO | Officer | 40 | $242,311 |
Walker R Abel Operations A | 40 | $153,821 | |
Jason Long Operations E | 40 | $132,470 | |
Marlin Williams Member Servi | 40 | $114,961 | |
Jim Mcclure Distribution | 40 | $107,671 | |
Michael Phillips Foreman | 40 | $106,288 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
National On Demand Inc Construction | 6/29/22 | $15,401,640 |
Mdr Construction Co Construction | 6/29/22 | $1,271,187 |
S&s Line Service Inc Row | 6/29/22 | $619,207 |
Southern Electric Corporation Construction | 6/29/22 | $428,343 |
Kendall & Company Inc Row | 6/29/22 | $698,182 |
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 | $76,416,974 |
Investment income | $499,333 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $1,781,475 |
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 | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $81,626,434 |
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 | $0 |
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 | $3,283,568 |
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 | $230,621 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $157,449 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $3,083,479 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,999,324 |
Insurance | $0 |
All other expenses | $3,252,666 |
Total functional expenses | $74,973,065 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $345,682 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $15,152,364 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $2,919,632 |
Prepaid expenses and deferred charges | $817,579 |
Net Land, buildings, and equipment | $131,410,231 |
Investments—publicly traded securities | $0 |
Investments—other securities | -$4,083,233 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $40,702,659 |
Total assets | $187,264,914 |
Accounts payable and accrued expenses | $13,195,317 |
Grants payable | $0 |
Deferred revenue | $28,956 |
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 | $87,942,557 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $12,020,401 |
Total liabilities | $113,187,231 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $289,450 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $73,788,233 |
Total liabilities and net assets/fund balances | $187,264,914 |
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 |