Dixie Electric Power Assn
- Assets
- $277.1m
- Revenue
- $96.5m
- Investments
- $0.0
- Employees
- 115
- Location
- Laurel, MS
- Founding
- 04/1943
- Data as of
- 12/2021
- EIN
- 64-0183177
Organization Overview
Dixie Electric Power Assn is located in Laurel, 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 12/2021, Dixie Electric Power Assn employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dixie 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, Dixie Electric Power Assn generated $96.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $98.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DIXIE ELECTRIC POWER ASSN. STRIVES TO: 1)PROVIDE AN EFFICIENT ELECTRICAL SYSTEM 2)SUPPORT THE COMMUNITY THROUGH LOCAL ACTIVITIES AND ENCOURAGE ECONOMIC GROWTH 3)OFFER A PRODUCTIVE WORK ENVIRONMENT FOR ITS EMPLOYEES 4)CONTINUE TO MEET THE EVER CHANGING NEEDS OF ITS MEMBERS THROUGH TECHNOLOGICAL ADVANCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RURAL ELECTRIC DISTRIBUTION COOPERATIVE THAT FURNISHED ELECTRIC SERVICE TO 40,377 ACCOUNTS AS OF 12/31/21
RURAL ELECTRIC DISTRIBUTION COOPERATIVE THAT FURNISHED ELECTRIC SERVICE TO 40,377 ACCOUNTS AS OF 12/31/21
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph R Smith General Mana | Officer | 44 | $256,253 |
Aaron Zumwalt Admin & Fina | 40 | $153,133 | |
James Grantham It Manager | 40 | $141,590 | |
Thomas Mccarthy Operations M | 40 | $140,903 | |
Jeremy Mcandrew System Engin | 40 | $129,447 | |
Bobby Mcdonald Line Foreman | 40 | $115,227 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reeves Construction Inc New Warehouse | 12/30/21 | $2,943,633 |
Pulse Broadband Llc Fiber | 12/30/21 | $24,288,181 |
Mdr Construction Electric Line C | 12/30/21 | $1,868,736 |
Sdt Solutions Llc Fiber | 12/30/21 | $9,338,503 |
B Line Llc Right Of Way Cl | 12/30/21 | $2,738,508 |
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 | $91,600,697 |
| Investment income | $139,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,753,987 |
| Net Gain/Loss on Asset Sales | $25,787 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,014,862 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,509,999 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,263 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,815,028 |
| 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 | $5,277,089 |
| Pension plan accruals and contributions | $1,989,585 |
| Other employee benefits | $1,858,042 |
| Payroll taxes | $627,458 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,437 |
| Fees for services: Accounting | $34,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,660,684 |
| Advertising and promotion | $449,138 |
| Office expenses | $488,388 |
| Information technology | $581,707 |
| Royalties | $62,454 |
| Occupancy | $188,171 |
| Travel | $43,848 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,301 |
| Interest | $3,934,862 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,631,743 |
| Insurance | $209,990 |
| All other expenses | $1,201,431 |
| Total functional expenses | $98,852,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,429,146 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,454,674 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,168,819 |
| Prepaid expenses and deferred charges | $10,941,038 |
| Net Land, buildings, and equipment | $196,553,867 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,513,775 |
| Total assets | $277,061,319 |
| Accounts payable and accrued expenses | $16,929,819 |
| 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 | $148,160,381 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,366,086 |
| Total liabilities | $172,456,286 |
| 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 | $104,605,033 |
| Total liabilities and net assets/fund balances | $277,061,319 |
Grants Awarded
Over the last fiscal year, Dixie Electric Power Assn has awarded $18,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Ridgeland, MS PURPOSE: SCHOLARSHIPS | $10,000 |
Perkinston, MS PURPOSE: ELECTRIC LINEMAN PRO | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dixie Electric Power Assn has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: INTEGRITY FUND - THREATEN EXISTENCE UNDER THE COOPERATIVE BUSINESS MODEL | $25,000 |
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 |