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Nonprofit · EIN 64-0111850

ALCORN COUNTY ELECTRIC POWER ASSOCIATION

Tax-exempt · CORINTH, MS 38835

Financials

$21.3M$18.4M2022$23.1M$18.7M2023$23.1M$19.4M2024
Revenue Expenses · by fiscal year end
Financials of ALCORN COUNTY ELECTRIC POWER ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$23,072,462$19,440,180$3,632,282$120,548,991$40,096,393$80,452,598
June 30, 2024990$23,122,794$18,662,463$4,460,331$117,317,968$40,501,822$76,816,146
June 30, 2023990$21,306,636$18,435,950$2,870,686$110,907,490$38,553,660$72,353,830
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$465,389
Investment income
$687,737
Net rental income
$3,710,030
Net income from sales of inventory
$17,174,747
Other revenue
$21,919,336

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$4,322,203
Salaries, compensation and benefits (total)
$5,354,730
Professional fundraising fees
$0
Legal fees
$11,120
Accounting fees
$19,800
Depreciation
$6,108,368
Program services (functional)
$19,440,180

Balance sheet and other

Total assets, start of year
$117,317,968
Total assets, end of year
$120,548,991
Total liabilities, end of year
$40,096,393
Net assets, end of year
$80,452,598
Land, buildings and equipment
$84,732,694
Gross unrelated business income
$1,596,904
Gross receipts
$73,428,273
Employees
107
Year formed
1934
State of legal domicile
MS

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
SEAN MCGRATHCEO
Officer
40$270,005$92,987
JASON GRISHAMCOO
Officer
40$227,819$68,075
TRINT BAGGETTSYSTEM ENGIN
Highest-paid employee
40$177,401$56,439
WALLY EATONOPER SUPERIN
Key employee
40$178,542$52,381
DON ARNOLDLINE FOREMAN
Highest-paid employee
40$169,522$43,893
JAMES ANDREW GALLOWAYCFO
Officer
40$174,957$38,220
SCOTTY MILLSRIGHT OF WAY
Highest-paid employee
40$158,772$45,326
JAMES CARSONDIRECTOR OF
Highest-paid employee
40$140,395$46,217
BENJAMIN TUCKERDIRECTOR OF
Highest-paid employee
40$144,717$26,777
BOBBY ROBERTSBOARD MEMBER
Trustee or director
2$550$4,554
MARK GARDNERSECRETARY
Trustee or director, Officer
2$550$0
J B DARNELLVICE PRESIDE
Trustee or director, Officer
2$550$0
BEN FERRELLPRESIDENT
Trustee or director, Officer
2$550$0
ERIC POWELLBOARD MEMBER
Trustee or director
2$550$0
990 for the year ended June 30, 2024: 14 people
NameTitleHours / weekCompensationOther / benefits
SEAN MCGRATHCEO
Officer
40$227,392$84,218
JASON GRISHAMCOO
Officer
40$214,970$64,495
EDDIE HOWARDFORMER CEO
Former
–$227,961$23,026
TRINT BAGGETTSYSTEM ENGIN
Highest-paid employee
40$169,745$54,822
WALLY EATONOPER SUPERIN
Highest-paid employee
40$169,655$50,193
DON ARNOLDLINE FOREMAN
Highest-paid employee
40$152,739$42,534
SCOTTY MILLSRIGHT OF WAY
Highest-paid employee
40$150,141$43,907
JAMES ANDREW GALLOWAYCFO
Officer
40$157,936$34,513
JAMES CARSONDIRECTOR OF
Highest-paid employee
40$134,340$44,900
BOBBY ROBERTSPRESIDENT
Trustee or director, Officer
2$550$4,404
MARK GARDNERSECRETARY
Trustee or director, Officer
2$550$0
J B DARNELLVICE PRESIDE
Trustee or director, Officer
2$550$0
BEN FERRELLBOARD MEMBER
Trustee or director
2$550$0
ERIC POWELLBOARD MEMBER
Trustee or director
2$550$0
990 for the year ended June 30, 2023: 14 people
NameTitleHours / weekCompensationOther / benefits
EDDIE HOWARDCEO
Officer
40$230,064$582,117
PAUL MCNAIRASST. OPER M
Highest-paid employee
40$298,810$50,767
JASON GRISHAMCOO
Officer
40$201,822$60,664
SEAN MCGRATHCEO
Officer
40$196,984$59,926
WALLY EATONLINE FOREMAN
Highest-paid employee
40$162,424$46,415
TRINT BAGGETTSYSTEM ENGIN
Highest-paid employee
40$155,875$49,963
SCOTTY MILLSRIGHT OF WAY
Highest-paid employee
40$144,380$41,676
DON ARNOLDLINE FOREMAN
Highest-paid employee
40$137,021$38,353
JAMES ANDREW GALLOWAYCFO
Officer
40$110,833$12,465
BOBBY ROBERTSPRESIDENT
Trustee or director, Officer
2$0$5,385
MARK GARDNERSECRETARY
Trustee or director, Officer
2$0$0
J B DARNELLVICE PRESIDE
Trustee or director
2$0$0
BEN FERRELLBOARD MEMBER
Trustee or director
2$0$0
ERIC POWELLBOARD MEMBER
Trustee or director, Officer
2$0$0

Address and contacts

Address (IRS master file)
PO BOX 1590, CORINTH, MS 38835-1590
In care of
% DREW GALLOWAY
Principal officer (990 for 2024)
JAMES ANDREW GALLOWAY, 1909 SOUTH TATE STREET, CORINTH, MS 38834
Signed the 990
JAMES ANDREW GALLOWAY, CFO
Phone
(662) 287-4402
Return prepared by
THE SPARKS CPA FIRM PC

Mission

PROVIDE ELECTRICITY TO MEMBERS IN THE ALCORN COUNTY, MS AREA.

990 for the year ended June 30, 2025

Program accomplishments

  • PROVIDED ELECTRICITY TO APPROXIMATELY 19,000 CUSTOMERS/MEMBERS

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
64-0111850
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1937
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$120,548,991
Income (IRS master file)
$73,428,273

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$23,072,462$19,440,180$120,548,991IRS
990June 2024$23,122,794$18,662,463$117,317,968IRS
990June 2023$21,306,636$18,435,950$110,907,490XML
990June 2022$19,980,092$16,599,738$110,457,816IRS
990June 2021–––IRS
990June 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 64-0111850).

Questions about ALCORN COUNTY ELECTRIC POWER ASSOCIATION

What is the EIN of ALCORN COUNTY ELECTRIC POWER ASSOCIATION?
The employer identification number (EIN) of ALCORN COUNTY ELECTRIC POWER ASSOCIATION is 64-0111850.
Is ALCORN COUNTY ELECTRIC POWER ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1937.
Are donations to ALCORN COUNTY ELECTRIC POWER ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ALCORN COUNTY ELECTRIC POWER ASSOCIATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of ALCORN COUNTY ELECTRIC POWER ASSOCIATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ALCORN COUNTY ELECTRIC POWER ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of ALCORN COUNTY ELECTRIC POWER ASSOCIATION?
The 990 for the year ended June 30, 2025 names JAMES ANDREW GALLOWAY.
Who are the officers and directors of ALCORN COUNTY ELECTRIC POWER ASSOCIATION?
The 990 for the year ended June 30, 2025 lists 14 people; 14 received compensation from the organization, the highest $270,005 (SEAN MCGRATH, CEO).
How much revenue does ALCORN COUNTY ELECTRIC POWER ASSOCIATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $23,072,462, expenses of $19,440,180 and total assets of $120,548,991 at year end.

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