Southwest Mississippi Electric Power Association

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

EIN: 640244325 ✦ Lorman, MS ✦ Designated as a 501(c)(12)

Overview

What is Southwest Mississippi Electric Power Association?

The Southwest Mississippi Electric Power Association, located in Lorman, MS, is a member-owned electric cooperative serving as a public utility. Their primary mission is to distribute electric power to their membership base, ensuring safety and reliability. This nonprofit organization is dedicated to delivering essential electric services to its community.


Official website here: www.southwestelectric.coop

Is Southwest Mississippi Electric Power Association legitimate?

Southwest Mississippi Electric Power Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Southwest Mississippi 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $550,819
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.southwestelectric.coop

What is the mission statement of Southwest Mississippi Electric Power Association?

The Southwest Mississippi Electric Power Association is a member-owned cooperative dedicated to delivering electric power to its community. Based in Mississippi, this public utility's mission revolves around ensuring the reliable and safe distribution of electricity to its members. By prioritizing the needs of its community, the Southwest Mississippi Electric Power Association strives to enhance the quality of life for its customers through the provision of uninterrupted electric service. The cooperative's commitment to safety and reliability translates to a strong focus on maintaining its power infrastructure while adhering to industry regulations and standards. Additionally, the association may engage in various programs aimed at enhancing energy efficiency and sustainability for its members.


Official website here: www.southwestelectric.coop

Who is the CEO of Southwest Mississippi Electric Power Association?

Kevin Bonds is the General Mana of Southwest Mississippi Electric Power Association.


Official website here: www.southwestelectric.coop

What is the revenue of Southwest Mississippi Electric Power Association?

Southwest Mississippi Electric Power Association's revenue in 2022 was $62,434,062.


Official website here: www.southwestelectric.coop

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

The average compensation at Southwest Mississippi Electric Power Association during 2022 was $5,508. There are 100 employees at Southwest Mississippi Electric Power Association.

Here are 18 key members and their salaries:

    Kevin Bonds (General Mana)
  • Compensation: $269,944
  • Related: $0
  • Other: $65,604

    • William Newell (Crew Leader)
  • Compensation: $145,418
  • Related: $0
  • Other: $35,428

    • Ernie Orcutt (Serviceman)
  • Compensation: $148,405
  • Related: $0
  • Other: $26,522

    • Darryl Hassell (Mgr Of Engin)
  • Compensation: $132,237
  • Related: $0
  • Other: $39,190

    • Kevin Cotten (Mgr. Of Oper)
  • Compensation: $117,800
  • Related: $0
  • Other: $42,365

    • Alex Gandy (Crew Leader)
  • Compensation: $116,627
  • Related: $0
  • Other: $36,481

    • Virgil Scott (Cfo)
  • Compensation: $117,859
  • Related: $0
  • Other: $26,761

    • Stanley Rucker (President) [Trustee/Director]
  • Compensation: $11,400
  • Related: $0
  • Other: $277

    • Betsy Mosby (Secretary) [Trustee/Director]
  • Compensation: $7,800
  • Related: $0
  • Other: $326

    • Randy Wooley (Vice Preside) [Trustee/Director]
  • Compensation: $7,800
  • Related: $0
  • Other: $326

    • John Brady (Assist Secre) [Trustee/Director]
  • Compensation: $6,900
  • Related: $0
  • Other: $326

    • James A Ventress (Director)
  • Compensation: $6,900
  • Related: $0
  • Other: $146

    • Edward Edwards (Director)
  • Compensation: $5,500
  • Related: $0
  • Other: $326

    • John Hilbert (Director)
  • Compensation: $5,500
  • Related: $0
  • Other: $326

    • Robert Jones (Director)
  • Compensation: $5,500
  • Related: $0
  • Other: $326

    • James P Mullins-Resigned 1222 (Director)
  • Compensation: $5,000
  • Related: $0
  • Other: $146

    • Callie Johnson-Resigned 822 (Director)
  • Compensation: $3,500
  • Related: $0
  • Other: $217

    • Diane Davual-Began 822 (Director)
  • Compensation: $2,000
  • Related: $0
  • Other: $109


  • Official website here: www.southwestelectric.coop

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

    The Southwest Mississippi Electric Power Association’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.southwestelectric.coop

    Learn more at the official website: www.southwestelectric.coop

    Mission Statement of Southwest Mississippi Electric Power Association

    Southwest Mississippi Electric Power Association, a member-owned electric cooperative, is dedicated to delivering electric power to its members with a commitment to safety and reliability. Established as a public utility, this organization's mission is to distribute electricity effectively and efficiently to its community of member owners.

    The Southwest Mississippi Electric Power Association goes beyond just providing electricity. It prioritizes the needs of its members and works hard to ensure a consistent power supply. The cooperative's programs reflect its dedication to its members, with a focus on delivering power that is both safe and dependable. The cooperative's team of professionals works tirelessly to maintain the electrical infrastructure and respond promptly to any power outages or emergencies.

    In summary, the Southwest Mississippi Electric Power Association is an essential part of its community, providing an essential service to its member owners. Its mission is rooted in a commitment to safety, reliability, and member satisfaction. Through its programs, the cooperative strives to meet the evolving needs of its members, ensuring a brighter future for all.

    Impact

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




    Thursday, August 15, 2024

    Southwest Mississippi Electric Power Association's impact is significant in providing safe and reliable electric service to its member owners. By distributing electric power to members, they play a crucial role in ensuring that households and businesses in the region have access to essential electricity services. Their commitment to delivering reliable power contributes to the overall development and well-being of the community they serve in Lorman, MS.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $125,126
  • Program Service Revenue: $60,964,033
  • Gross Receipts: $62,434,062

    • Assets and Liabilities:
  • Total Assets: $131,108,590
  • Total Liabilities: $63,716,276
  • Net Assets: $67,392,314
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    OPERATING REVENUES-MEMBER

    Revenue

    $60,294,152

    QUALIFIED POLE RENTAL INCOME

    Revenue

    $669,881

    Organization Details

    Founding Year

    1937

    Principal Officer

    Kevin Bonds

    Main Address

    PO BOX 5, LORMAN, MS, 39096

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Southwest Mississippi Electric Power Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.