Cooperative Energy A Mississippi Electric Cooperative

Organization Overview

Cooperative Energy A Mississippi Electric Cooperative is located in Hattiesburg, MS. The organization was established in 1968. 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, Cooperative Energy A Mississippi Electric Cooperative employed 561 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperative Energy A Mississippi Electric Cooperative 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, Cooperative Energy A Mississippi Electric Cooperative generated $800.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $800.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Cooperative Energy A Mississippi Electric Cooperative has awarded 45 individual grants totaling $1,312,202. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE AND TRANSMIT THROUGH GENERATION AND PURCHASE OF ELECTRICITY, WHOLESALE ELECTRICITY TO 11 MEMBER OWNED DISTRIBUTION COOPERATIVES, EACH SERVING RETAIL CONSUMERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE AFFORDABLE AND RELIABLE ELECTRIC ENERGY TO MEMBER COOPERATIVES. THE 11 MEMBER COOPERATIVES PROVIDE SERVICE TO APPROXIMATELY 442,000 METERS IN MISSISSIPPI. COOPERATIVE ENERGY AND THE 11 MEMBER SYSTEMS ARE CONSUMER-OWNED, NON-PROFIT BUSINESSES. DURING 2021, COOPERATIVE ENERGY PROVIDED MEMBER SYSTEMS WITH 9,831,808 MWH OF ENERGY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Performance Contractors Inc
Engineering & Cap Project
$27,909,786
Siemens Energy
Plant Maintenance Services
$26,716,408
Burns And Mcdonnell Eng Co Inc
Engineering & Cap Project
$10,186,487
General Electric International Inc
Plant Maintenance Services
$8,704,756
Wartsila North America Inc
Recip Engine Project
$6,213,447
View All Vendors

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$800,671,733
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $104,492
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $800,776,225

Grants Awarded

Over the last fiscal year, Cooperative Energy A Mississippi Electric Cooperative has awarded $159,000 in support to 6 organizations.

Grant RecipientAmount

PIKE COUNTY ECONOMIC DEVELOP

PURPOSE: ECONOMIC DEVELOPMENT

$50,000

UNIVERSITY OF MS MEDICAL CENTER

PURPOSE: ECONOMIC DEVELOPMENT

$25,000

MONTGOMERY COUNTY

PURPOSE: ECONOMIC DEVELOPMENT

$25,000

SCENIC RIVERS DEVELOPMENT ALLI

PURPOSE: ECONOMIC DEVELOPMENT

$25,000

GREENE COUNTY

PURPOSE: ECONOMIC DEVELOPMENT

$25,000

HANCOCK CO PORT & HARBOR COM

PURPOSE: ECONOMIC DEVELOPMENT

$9,000
View Grant Profile

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