2024-01-12T17:58:37-05:00 2023-06-30 631208839 THE SPARKS CPA FIRM PC PO BOX 540 BOONEVILLE MS 388290540 990 2022-07-01 640111850 ALCORN COUNTY ELECTRIC POWER ASSOCI ALCO 6622874402 P O BOX 1590 CORINTH MS 38835 JAMES ANDREW GALLOWAY CFO 6622874402 2023-11-13 true JAMES ANDREW GALLOWAY 999009999 false TERRY E CARTWRIGHT CPA P00238020 6627286172 2024-01-09 2022 2023-04-26 12:10:37Z JAMES ANDREW GALLOWAY 1909 SOUTH TATE STREET CORINTH MS 38834 68587592 false X WWW.ACE-POWER.COM X 1934 MS PROVIDE ELECTRICITY TO MEMBERS IN THE ALCORN COUNTY, MS AREA. 5 5 93 1408630 0 430047 468244 130001 297585 19420044 20540807 19980092 21306636 0 0 5386877 4950418 0 0 11212861 13485532 16599738 18435950 3380354 2870686 110457816 110907490 40981892 38553660 69475924 72353830 PROVIDE ELECTRICITY TO MEMBERS IN THE ALCORN COUNTY, MS AREA. false false PROVIDED ELECTRICITY TO APPROXIMATELY 19,000 CUSTOMERS/MEMBERS false false false false false false false false false true false false false true false false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 0 0 true 93 true true true false false false false 62455618 6131974 false false false X 5 5 false false false false true true false true true false false true true true true false true true true false X ALCORN COUNTY ELECTRIC POWER ASSOCI ALCORN COUNTY ELECTRIC POWER ASSOCI 6622874402 1909 SOUTH TATE STREET 1909 SOUTH TATE STREET CORINTH MS 38834 BOBBY ROBERTS PRESIDENT 2.00 X X 0 0 5385 MARK GARDNER SECRETARY 2.00 X X 0 0 0 J B DARNELL VICE PRESIDE 2.00 X 0 0 0 BEN FERRELL BOARD MEMBER 2.00 X 0 0 0 ERIC POWELL BOARD MEMBER 2.00 X X 0 0 0 SEAN MCGRATH CEO 40.00 X 196984 0 59926 JASON GRISHAM COO 40.00 X 201822 0 60664 PAUL MCNAIR ASST. 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CONSULTING 301597 CENTRAL SERVICE ASSOCIATION CENTRAL SERVICE ASSOCIATION PO BOX 3480 PO BOX 3480 TUPELO MS 38803 SOFTWARE & MAIN 171210 TREE PROFESSIONAL INC TREE PROFESSIONAL INC 35300 COUNTY ROAD 8 35300 COUNTY ROAD 8 FLORENCE AL 35634 TREE REMOVAL 169869 5 FORFEITED DISCOUNTS 221000 290153 290153 SERVICE REVENUE 221000 178091 178091 468244 297585 211954 85631 51624 3569961 51624 3569961 3621585 2298586 1322999 62455618 47280956 15174662 15174662 GAIN ON OPEB LIAB VALUATION 221000 1354197 1354197 EQUITY EARNINGS OF FIBER 221000 385758 385758 MISCELLANEOUS INCOME 221000 4605 4605 1744560 21306636 19898006 1408630 3172547 3172547 1777871 1777871 11735 11735 20325 20325 90029 90029 1448217 1448217 696267 696267 5416097 5416097 507916 507916 DISTRIBUTION EXPENSE 4006320 4006320 TAXES 477820 477820 GENERAL MAINTENANCE 377145 377145 CUSTOMER ACCOUNT EXPENSE 300079 300079 133582 133582 18435950 18435950 0 0 6664737 4408883 2963212 2920170 7151004 6310888 3347590 3834603 2264196 2537518 2747515 4998542 135804256 51096204 84203900 84708052 75196 89021 1040466 1099813 110457816 110907490 6901322 6987684 23963201 22511169 10117369 9054807 40981892 38553660 X 594332 601542 68881592 71752288 69475924 72353830 110457816 110907490 X 2870686 7220 X false true X true false 944374 944374 8229500 2798275 5431225 126630382 48297929 78332453 84708052 POST RETIREMENT BENEFIT OBLIG 4730576 CUSTOMER DEPOSITS 2225345 CUSTOMER CONSERVATION LOANS 2098744 MISC 142 9054807 false false false SEAN MCGRATH CEO 173401 23583 59926 256910 JASON GRISHAM COO 177576 24246 60664 262486 PAUL MCNAIR ASST. OPER MANAGER 147946 21389 129475 50767 349577 WALLY EATON LINE FOREMAN 143097 19327 46415 208839 TRINT BAGGETT SYSTEM ENGINEER 137244 18631 49963 205838 SCOTTY MILLS RIGHT OF WAY FOREMAN 126973 17407 41676 186056 DON ARNOLD LINE FOREMAN 120556 16465 38353 175374 EDDIE HOWARD CEO 202423 27641 582117 812181 SCHEDULE J, PART III EDDIE HOWARD, CEO, SEAN MCGRATH, CEO, AND JASON GRISHAM, COO, HAVE A SALARY CONTINUATION NONQUALIFIED PLAN AGREEMENT BACKED BY LIFE INSURANCE POLICIES. IT IS PAYABLE UPON RETIREMENT IN MONTHLY INSTALLMENTS. EDDIE HOWARD RETIRED IN MARCH 2023. FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS FORM 990, PAGE 6, PART VI, LINE 7A BOARD MEMBERS ARE ELECTED FOR A 3 YEAR TERM FROM THE MEMBERSHIP BY THE MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 11B GOVERNING BOARD REVIEWS AND APPROVES AT REGULAR MEETING BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C OPEN DISCUSSION IN REGULAR BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 15A GOVERNING BOARD, WHICH IS INDEPENDENT, REVIEWS AND DISCUSSES ON ANNUAL BASIS. FORM 990, PAGE 6, PART VI, LINE 15B GOVERNING BOARD, WHICH IS INDEPENDENT, REVIEWS AND DISCUSSES ON ANNUAL BASIS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON THE ASSOCIATION'S WEBSITE. FORM 990, PART XI, LINE 9 MEMBERSHIPS 7,220 FIRST LIGHT FIBER LLC 1909 S TATE ST CORINTH MS 38834 843454888 BROADBAND MS N/A false true false false true false false false false false true false false false true true false true false false FIRST LIGHT FIBER LLC A 1349882 FAIR VALUE FIRST LIGHT FIBER LLC D 1790106 OUTSTANDING BALANCE FIRST LIGHT FIBER LLC J 51624 JOINT COST CALCULATION FIRST LIGHT FIBER LLC O 1515003 ACTUAL PAYROLL COST FIRST LIGHT FIBER LLC Q 940393 ACTUAL COST