East Mississippi Electric Power
- Assets
- $246.0m
- Revenue
- $82.4m
- Investments
- $4.5m
- Employees
- 151
- Location
- Meridian, MS
- Founding
- 02/1943
- Data as of
- 06/2022
- EIN
- 64-0150802
Organization Overview
East Mississippi Electric Power is located in Meridian, MS. The organization was established in 1943. 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, East Mississippi Electric Power employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Mississippi Electric Power 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, East Mississippi Electric Power generated $82.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $82.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. 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
EMEPA'S MISSION IS TO ENHANCE OUR MEMBER'S LIFESTYLE AND STANDARD OF LIVING. OUR CORE BUSINESS IS PROVIDING VALUED ELECTRIC SERVICES AS WE SEEK NEW OPPORTUNITIES TO SERVE OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION DELIVERED ELECTRIC SERVICE TO OVER 37000 MEMBERS.
PROVISION OF BROADBAND SERVICES TO MEMBERSHIP THROUGH A WHOLLY OWNED SUBSIDIARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Carroll Chief Execut | Officer | 30 | $262,614 |
Pat Williams Dir Of Engin | Officer | 36 | $183,881 |
Kevin Hedgpeth Director Of | Officer | 29 | $180,596 |
Brent Mabry Dir. Of Syst | 29 | $176,376 | |
Bryce Nester Dir/energy S | 41 | $169,984 | |
Sherry Wallace Director Of | 41 | $147,346 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ervin Cable Construction Fiber Contr. | 6/29/22 | $10,775,850 |
Highland Cabling Llc Fiber Cont. | 6/29/22 | $1,613,631 |
Conexon Llc Project Mgt | 6/29/22 | $1,901,548 |
Mdr Construction Construction | 6/29/22 | $2,872,724 |
Southern Clearing Row Clearing | 6/29/22 | $1,374,542 |
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 | $79,527,011 |
| Investment income | $960,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $82,434,057 |
| 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 | $4,098,141 |
| Compensation of current officers, directors, key employees. | $782,703 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,809,789 |
| Pension plan accruals and contributions | $1,967,426 |
| Other employee benefits | $2,176,660 |
| Payroll taxes | $700,453 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,143 |
| Fees for services: Accounting | $30,582 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,820 |
| Advertising and promotion | $392,446 |
| 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 | $3,170,295 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,092,848 |
| Insurance | $0 |
| All other expenses | $1,356,721 |
| Total functional expenses | $82,434,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,333,736 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,351,061 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,573,423 |
| Inventories for sale or use | $11,515,401 |
| Prepaid expenses and deferred charges | $331,571 |
| Net Land, buildings, and equipment | $189,379,335 |
| Investments—publicly traded securities | $1,641,492 |
| Investments—other securities | $4,459,644 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,401,103 |
| Total assets | $245,986,766 |
| Accounts payable and accrued expenses | $11,463,713 |
| 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 | $120,683,174 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,560,682 |
| Total liabilities | $151,707,569 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $94,279,197 |
| Total liabilities and net assets/fund balances | $245,986,766 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Middle Tennessee Electric Membership Corporation Murfreesboro, TN | $972,885,002 | $816,151,968 |
Cooperative Energy A Mississippi Electric Cooperative Hattiesburg, MS | $2,085,034,483 | $800,776,225 |
Powersouth Energy Cooperative Andalusia, AL | $2,439,100,863 | $643,376,000 |
Cumberland Electric Membership Corp Clarksville, TN | $559,882,187 | $327,722,843 |
Volunteer Energy Cooperative Decatur, TN | $369,462,846 | $270,037,507 |
Dixie Electric Membership Corporation Baton Rouge, LA | $725,178,434 | $239,155,259 |
Southwest Louisiana Electric Lafayette, LA | $508,237,761 | $245,337,577 |
Carroll Electric Cooperative Corporation Berryville, AR | $756,571,061 | $239,227,342 |
First Electric Cooperative Corporation Jacksonville, AR | $572,577,962 | $234,356,715 |
Duck River Electric Membership Corporation Shelbyville, TN | $294,861,810 | $219,371,768 |
Mississippi County Electric Cooperative Inc Blytheville, AR | $148,581,171 | $213,607,546 |
Southern Pine Electric Cooperative Taylorsville, MS | $504,001,420 | $209,731,652 |