Tallahatchie Valley Electric Power Association
- Assets
- $194.8m
- Revenue
- $79.2m
- Investments
- $0.0
- Employees
- 135
- Location
- Batesville, MS
- Founding
- 02/1943
- Data as of
- 06/2022
- EIN
- 64-0251165
Organization Overview
Tallahatchie Valley Electric Power Association is located in Batesville, 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, Tallahatchie Valley Electric Power Association employed 135 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tallahatchie Valley 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, Tallahatchie Valley Electric Power Association generated $79.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $79.2m during the year ending 06/2022. While expenses have increased by 1.9% 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
TALLAHATCHIE VALLEY ELECTRIC POWER ASSOCIATION IS AN ELECTRIC COOPERATIVE THAT PROVIDES ELECTRIC SERVICE TO RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL CUSTOMERS IN NINE NORTH MISSISSIPPI COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TALLAHATCHIE VALLEY ELECTRIC POWER ASSOCIATION SERVED OVER 27,000 MEMBERS IN A REGION OF NORTH MISSISSIPPI THAT INCLUDES PORTIONS OF NINE COUNTIES, MAKING US ONE OF THE LARGEST ELECTRIC POWER ASSOCIATIONS IN MISSISSIPPI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene Standridge Director/secretary | Trustee | 1 | $15,002 |
Charles Davis Director | Trustee | 1 | $15,002 |
Hb House Director/vice President | Trustee | 1 | $15,143 |
Jeff Herron Director | Trustee | 1 | $15,558 |
Kim Hollowell Director | Trustee | 1 | $10,736 |
Sheila Melton Director | Trustee | 1 | $10,650 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiberrise Communication Services Llc Materials, Consulting, Engineering Servi | 6/29/22 | $3,018,729 |
Grays Power Supply Llc Construction Services - Fiber | 6/29/22 | $1,610,266 |
Sdt Solutions Inc Construction Services - Fiber | 6/29/22 | $1,085,646 |
Osmose Wood Preserving Inc Pole Inspection Services | 6/29/22 | $221,416 |
Mid South Communications Inc Construction Services - Fiber | 6/29/22 | $469,051 |
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 | $75,915,555 |
| Investment income | $118,908 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,195,719 |
| 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 | $323 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,246,266 |
| 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 | $3,043,067 |
| Compensation of current officers, directors, key employees. | $740,178 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $2,158,408 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,336,695 |
| Insurance | $0 |
| All other expenses | $2,841,901 |
| Total functional expenses | $79,246,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,001,709 |
| Savings and temporary cash investments | $8,787,753 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,299,153 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $55,824 |
| Inventories for sale or use | $1,513,157 |
| Prepaid expenses and deferred charges | $6,683,234 |
| Net Land, buildings, and equipment | $146,701,484 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $778,756 |
| Intangible assets | $0 |
| Other assets | $3,984,281 |
| Total assets | $194,805,351 |
| Accounts payable and accrued expenses | $12,176,230 |
| 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 | $75,299,583 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,938,789 |
| Total liabilities | $93,414,602 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $574,313 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $100,816,436 |
| Total liabilities and net assets/fund balances | $194,805,351 |
Grants Awarded
Over the last fiscal year, Tallahatchie Valley Electric Power Association has awarded $12,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTHWEST COMMUNITY COLLEGE PURPOSE: Endowed energy scholarship. | $5,000 |
MID-STATE OPPORTUNITY INC PURPOSE: Assistance with energy needs, nutrition, transportation, education, emergency food, and shelter. | $7,700 |