Pontotoc Electric Power Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 640224230 ✦ Pontotoc, MS ✦ Designated as a 501(c)(12)

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Overview

What is Pontotoc Electric Power Association?

The Pontotoc Electric Power Association is a nonprofit organization dedicated to delivering electric power to rural communities. With a customer base of 19,464 users as of June 30, 2019, they aim to ensure access to electricity for individuals in rural areas through various programs. Their mission focuses on providing essential electric power to these communities.


Official website here: www.pepa.com

Is Pontotoc Electric Power Association legitimate?

Pontotoc Electric Power Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Pontotoc Electric Power Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $480,477
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,479,358

For more financial information, click here


Official website here: www.pepa.com

What is the mission statement of Pontotoc Electric Power Association?

The Pontotoc Electric Power Association is dedicated to delivering electric power to rural communities. As of June 30, 2019, they cater to over 19,000 users. Their mission encompasses providing reliable electrical power to enhance the living conditions and daily lives of these rural residents. Through various programs, they ensure their customers have consistent access to electricity for essential household uses. The organization's commitment to rural electrification contributes significantly to improving the quality of life for its user base.


Official website here: www.pepa.com

Who is the CEO of Pontotoc Electric Power Association?

Frankie Moorman is the General Mgr of Pontotoc Electric Power Association.


Official website here: www.pepa.com

What is the revenue of Pontotoc Electric Power Association?

Pontotoc Electric Power Association's revenue in 2023 was $12,013,910.


Official website here: www.pepa.com

Who are the executives of Pontotoc Electric Power Association and what are their salaries?

The average compensation at Pontotoc Electric Power Association during 2023 was $20,415. There are 96 employees at Pontotoc Electric Power Association.


Here are 16 key members and their salaries:


Frankie Moorman (General Mgr)
  • Compensation: $166,143
  • Related: $0
  • Other: -$23,420
Jeanna Sorto (Secretary/Ac)
  • Compensation: $133,883
  • Related: $0
  • Other: $5,644
James Elzie (General Fore)
  • Compensation: $101,032
  • Related: $0
  • Other: -$18,103
Benjamin Hogan (Bruce Distri)
  • Compensation: $100,227
  • Related: $0
  • Other: -$30,724
Anthony Staten (Customer Acc)
  • Compensation: $103,639
  • Related: $0
  • Other: -$37,901
Larry D Parker (President)
  • Compensation: $14,560
  • Related: $0
  • Other: $0
Robert Tedford (Director)
  • Compensation: $14,299
  • Related: $0
  • Other: $0
Terry Chunn (President)
  • Compensation: $14,103
  • Related: $0
  • Other: $0
Bobby Duke (Director)
  • Compensation: $13,891
  • Related: $0
  • Other: $0
Randy Heard (Vice Preside)
  • Compensation: $13,859
  • Related: $0
  • Other: $0
Jeff Washington (Director)
  • Compensation: $13,844
  • Related: $0
  • Other: $0
Jackie Courson (Director)
  • Compensation: $13,812
  • Related: $0
  • Other: $0
Nickey Browning (Director)
  • Compensation: $13,734
  • Related: $0
  • Other: $0
Terry Oaks (Director)
  • Compensation: $13,723
  • Related: $0
  • Other: $0
David High (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Riddle Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.pepa.com

Where can I find the form 990 for Pontotoc Electric Power Association?

Pontotoc Electric Power Association's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.pepa.com

Learn more at the official website: www.pepa.com

Mission Statement of Pontotoc Electric Power Association

The Pontotoc Electric Power Association, a dedicated nonprofit organization, is committed to supplying electric power to rural communities. With a mission to serve, the Association provides essential electrical power to over 19,000 users as of June 30, 2019. Through its various programs, Pontotoc Electric Power Association ensures that rural areas have reliable access to electricity, enhancing their standard of living and contributing to their overall development. The organization's efforts extend beyond just the provision of power, as it strives to improve the quality of life for its customers in rural communities.

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Impact




October, 2024

Pontotoc Electric Power Association plays a vital role in delivering reliable electric power to rural communities in Mississippi. As of June 30, 2019, it serves 19,464 users, ensuring that essential energy needs are met for families and businesses in the region. By providing access to electricity, the association not only enhances the quality of life for its customers but also supports local economic development, enabling opportunities for growth and progress in these rural areas. The provision of electrical power fosters connectivity and access to modern amenities, which are crucial for education, healthcare, and overall community well-being.




This information is meant to be a general summary of Pontotoc Electric Power Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$12,013,910 (2023)
Expenses
$8,946,463 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $87,561
  • Gross Receipts: $54,283,176

Assets and Liabilities:

  • Total Assets: $90,440,236
  • Total Liabilities: $12,451,294
  • Net Assets: $77,988,942

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Organization Details

Founding Year

1935

Principal Officer

Frankie Moorman

Main Address

P O BOX 718, PONTOTOC, MS, 38863

NTEE Category

Code: W80 - Public benefit

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