2025-09-11T16:20:33-04:00 2024-12-31 853667394 CORBIN & BIGGS PLLC 385-B HIGHLAND COLONY PARKWAY SUIT RIDGELAND MS 39157 990 2024-01-01 640269325 YAZOO VALLEY ELECTRIC POWER ASSOCIATION YAZO 6627464251 PO BOX 8 YAZOO CITY MS 39194 MICHAEL K NEELY JR GENERAL MANAGER 6627464251 2025-09-09 false GEORGE M BIGGS JR P00912499 6019572001 2025-09-09 2024 2025-03-06 01:10:19Z MICHAEL K NEELY JR 2255 GORDON AVE YAZOO CITY MS 39194 54640752 false X WWW.YAZOOVALLEY.COM X 1937 MS THE ASSOCIATION EXISTS FOR THE PURPOSE OF DISTRIBUTING ELECTRICAL POWER TO ITS MEMBERS 7 7 63 0 0 53050694 53231275 224672 347940 1192643 1061537 54468009 54640752 0 2490718 2434494 643226 575616 0 0 51334065 51630642 54468009 54640752 0 96055819 96632212 42152571 41762967 53903248 54869245 THE ASSOCIATION EXISTS FOR THE PURPOSE OF DISTRIBUTING ELECTRICAL POWER TO ITS MEMBERS AT THE LOWEST POSSIBLE COST. false false YAZOO VALLEY ELECTRIC UTILIZES OVER 2100 MILES OF ELECTRICAL DISTRIBUTION LINES AND SUBSTATIONS TO DELIVER APPROXIMATELY 562,000,000 KWH OF ELECTRICAL ENERGY TO APPROXIMATELY 10,000 ACCOUNTS COMPRISED OF RESIDENTIAL, COMMERCIAL,AGRICULTURAL, AND INDUSTRIAL MEMBERS IN RURAL WEST-CENTRAL MISSISSIPPI. false false false false false false false false false true false true false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 9 0 true 63 true false false false false false 52866965 1406729 false false false X 7 7 false false false false true true true true true false false true true true true true true true false false X MICHAEL K NEELY JR 6627464251 2255 GORDON AVE YAZOO CITY MS 39194 MICHAEL K NEELY JR GENERAL MANA 50.00 X 233961 0 88362 BRIAN L CRAWFORD CFO 40.00 X 185762 0 67532 JIMMY PETTIS FLEET MANAGE 50.00 X 145684 0 46731 BENJAMIN B RUSH MNGR-METERIN 50.00 X 140533 0 47066 BRETT R CERDA MANAGER-OPER 46.00 X 134412 0 46378 REBECCA M YEATES MANAGER-HUMA 40.00 X 132188 0 47849 JOSH REEVES OPER. TRAIN. 44.00 X 135208 0 37173 LOUIS S THOMPSON PRESIDENT 3.00 X X 16442 0 0 CINDY M SHIPP VICE PRESIDE 4.00 X X 13274 0 0 WF ANDERSON DIRECTOR 3.00 X 12001 0 0 DAVID S WANSLEY DIRECTOR 6.00 X 11902 0 0 ALBERT J DORNBUSCH ASST SEC/TRE 3.00 X X 11792 0 0 GREGORY MOSELEY DIRECTOR 6.00 X 11169 0 0 WM LINK JR SEC/TREAS 5.00 X X 10571 0 0 1194899 381091 21 false true false MERIDIAN SEDC 100 ASHFORD CENTER NORTH SUITE 500 ATLANTA GA 30338 SOFTWARE 265628 MS-TN TRANSFORMERS PO BOX 1764 GREENWOOD MS 38935 DEVICE REPAIRS 157139 JENKO SERVICES LLC 95 LEE RD 46 AUBURN AL 36830 ROW-VEGITATION 111733 3 OPERATING REVENUE 221000 52864216 52864216 QUALIFIED POLE RENTAL 221000 367059 367059 53231275 347940 347940 G&T AND OTHER PATRONAGE 221000 1058789 1058789 OTHER NON-OPERATING REVENUE 221000 2748 2748 1061537 54640752 53925753 714999 2434494 575616 48071 23000 1300043 3058486 COST OF POWER 38327463 DISTRIBUTION- MAINTENANCE 4261757 ADMINISTRATIVE & GENERAL 1709982 DISITRIBUTION-OPERATIONS 1584813 1317027 54640752 0 0 0 4682979 398251 3306000 7353000 5325758 6154543 437920 443921 551881 588325 97328309 40200248 57851889 57128061 23899392 24566111 96055819 96632212 3293783 3717302 32570465 32000786 6288323 6044879 42152571 41762967 X 189036 189582 53714212 54679663 53903248 54869245 96055819 96632212 X 0 965997 X false true X true false 567515 567515 96760794 40200248 56560546 57128061 PATRONAGE CAPITAL-COOPERATIVE ENERGY 21558895 C PATRONAGE CAPITAL -CFC 1083639 C CFC CAPITAL TERM CERTIFICATES 976639 C PATRONAGE CAPITAL-OTHER COOPERATIVES 946938 C 24566111 DEFERRED CREDITS 3153000 OTHER CURRENT & ACCRUED LIABILITIES 1570272 CONSUMER DEPOSITS 1321607 6044879 X 54640752 54640752 54640752 52206258 52206258 2434494 2434494 54640752 SCHEDULE D, PAGE 3, PART X THE ASSOCIATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501( C)(12) OF THE INTERNAL REVENUE CODE AND IS ALSO EXEMPT FROM STATE INCOME TAX. ACCOUNTING RULES PRESCRIBE WHEN TO RECOGNIZE AND HOW TO MEASURE THE FINANCIAL STATEMENT EFFECT, IF ANY, OF INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON INCOME TAX RETURNS INCLUDING THE POSITION THAT THE ASSOCIATION WILL CONTINUE TO QUALIFY AS A TAX-EXEMPT ORGANIZATION. MANAGEMENT EVALUATES THE LIKELIHOOD THAT, UPON EXAMINATION BY RELEVANT TAXING JURISDICTIONS, THOSE INCOME TAX POSITIONS WOULD BE SUSTAINED. BASED ON THAT EVALUATION, IF IT WERE MORE THAN 50% PROBABLE THAT A MATERIAL AMOUNT OF INCOME TAX WOULD BE IMPOSED ON THE ASSOCIATION UPON EXAMINATION BY THE RELEVANT TAXING AUTHORITIES, A LIABILITY WOULD BE RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION ALONG WITH ANY INTEREST AND PENALTIES THAT WOULD RESULT FROM THAT ASSESSMENT. SHOULD ANY PENALTIES AN INTEREST BE INCURRED, THE ASSOCIATION'S POLICY WOULD BE TO RECOGNIZE THEM AS OPERATING EXPENSES. BASED ON MANAGEMENT'S EVALUATION, NO LIABILITIES OR PENALTIES AND INTEREST WERE REQUIRED TO BE RECORDED FOR UNCERTAIN TAX POSITIONS. YEARS THAT REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE STATE OF MISSISSIPPI AS OF DECEMBER 31, 2024, WERE 2021-2024. SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL ALLOCATED TO MEMBERS 2,434,494 X X X false false false MICHAEL K NEELY JR GENERAL MANAGER 208961 25000 71469 16893 322323 BRIAN L CRAWFORD CFO 185762 44721 22811 253294 JIMMY PETTIS FLEET MANAGER 145684 39467 7264 192415 BENJAMIN B RUSH MNGR-METERING AND IT 140533 28673 18393 187599 BRETT R CERDA MANAGER-OPERATIONS 134412 24778 21600 180790 REBECCA M YEATES MANAGER-HUMAN RES. 132188 24491 23358 180037 JOSH REEVES OPER. TRAIN. CORD. 135208 15115 22058 172381 FORM 990 PART XI, LINE 4- AMOUNTS ENTERED PRESENT CAPITAL CREDITS ALLOCATED TO MEMBERS FOR 2024, NOT CAPITAL CREDITS RETIRED. THE ACTUAL RETIREMENT AMOUNT WAS 1,741,810. PART IX, SALARIES, BENEFITS, AND PAYROLL TAXES- THE ORGANIZATION IS REQUIRED TO FOLLOW REGULATED ACCOUNTING PROCEDURES. COMPENSATION IS ALLOCATED TO PLANT AND EXPENSES BASED ON EMPLOYEE TIME RECORDS. COMPENSATION FOR OFFICERS AND HCE'S HAVE BEEN PRESENTED. ALL OTHER COMPENSATION HAS BEEN PRESENTED IN CATEGORIES WHERE IT WAS ALLOCATED UNDER THE ABOVE MENTIONED REGULATIONS. FORM 990, PAGE 6, PART VI, LINE 6 BECAUSE YAZOO VALLEY ELECTRIC POWER ASSOCIATION IS CHARTERED AND INCORPORATED UNDER MISSISSIPPI LAW AS A NOT-FOR-PROFIT COOPERATIVE, EACH ENTITY RECEIVING POWER FROM THE ASSOCIATION IS A MEMBER. FORM 990, PAGE 6, PART VI, LINE 7A AT EACH ANNUAL MEETING OF THE MEMBERS, NOT MORE THAN THREE OF THE TOTAL NUMBER OF DIRECTORS SHALL BE ELECTED BY BALLOT, BY AND FROM THE MEMBERS, TO SERVE FOR A TERM OF THREE YEARS AS PROVIDED BY LAW. IF THE ELECTION OF DIRECTORS SHALL NOT BE HELD AT THE ANNUAL MEETING OR IF SUCH ANNUAL MEETING IS NOT HELD, EACH DIRECTOR SHALL HOLD OFFICE UNTIL HIS SUCCESSOR HAS BEEN ELECTED AND QUALIFIED. FORM 990, PAGE 6, PART VI, LINE 7B THE BUSINESS AND AFFAIRS OF THE ORGANIZATION ARE MANAGED BY THE BOARD OF DIRECTORS, WHICH EXERCISES ALL OF THE POWERS OF THE ORGANIZATION, EXCEPT BY LAW, OR BY CERTIFICATE OF INCORPORATION, OR BY THE BYLAWS RESERVED FOR THE MEMBERS. THE ASSOCIATION'S BYLAWS INCLUDE PROVISIONS FOR CERTAIN SITUATIONS, SUCH AS THE SALE OF THE ASSETS OF THE ASSOCIATION, WHICH REQUIRE MEMBERSHIP APPROVAL RATHER THAN BOARD APPROVAL. FORM 990, PAGE 6, PART VI, LINE 11B ONCE THE FORM 990 IS COMPLETE, THE BOARD OF DIRECTORS WILL REVIEW THE FORM AT THE FOLLOWING MONTHLY BOARD MEETING. AT THIS TIME, ANY QUESTIONS PERTAINING TO THE FORM 990 ARE ANSWERED. ONCE APPROVED, THE FORM 990 IS SIGNED AND THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PAGE 6, PART VI, LINE 12C THE ASSOCIATION HAS A BOARD POLICY NAME "YAZOO VALLEY ELECTRIC ASSOCIATION CONFLICT OF INTEREST POLICY", RELATED TO DIRECTORS, OFFICERS AND KEY EMPLOYEES. ADDITIONALLY, ON AN ANNUAL BASIS, EACH DIRECTOR, OFFICER AND THE FIVE HIGHEST COMPENSATED EMPLOYEES ARE REQUIRED TO COMPLETE AND SIGN A QUESTIONAIRE REGARDING GRANTS, BUSINESS RELATIONSHIPS WITH THE COOPERATIVE, DIRECTOR INDEPENDENCE, RELATIONSHIPS WITH OTHER OFFICERS, DIRECTORS, AND KEY EMPLOYEES AS WELL AS THE COMPENSATION FROM RELATED ORGANIZATIONS. DURING 2016, THE ASSOCIATION BEGAN A POLICY REQUIRING A CONFLICT OF INTEREST QUESTIONAIRE TO BE COMPLETED BY ALL EMPLOYEES ON AN ANNUAL BASIS. THE DOCUMENTS ARE REVIEWED BY THE GENERAL MANAGER FOR POTENTIAL CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION OF THE GENERAL MANAGER IS SET AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE MEMBERS OF THE ASSOCIATION UPON REQUEST. FORM 990, PART XI, LINE 9 DONATED CAPITAL 272,767 INCREASE IN MEMBERSHIP 546 ALLOCATION OF MARGINS TO MEMBERS 2,434,494 RETIREMENT OF CAPITAL CREDIT -1,741,810 TOTAL 965,997