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Nonprofit · EIN 64-0219645

PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION

Tax-exempt · COLUMBIA, MS 39429

Financials

$149.6M$149.9M2023$161M$159.8M2024
Revenue Expenses · by fiscal year end
Financials of PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$160,999,727$159,774,956$1,224,771$421,101,434$264,322,231$156,779,203
December 31, 2023990$149,565,482$149,918,901-$353,419$387,763,546$248,600,904$139,162,642
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,576,178
of which government grants
$2,576,178
Program service revenue
$158,547,299
Investment income
$97,650
Net gain from sales of assets
$59,979
Other revenue
-$221,400

Expenses

Grants and similar amounts paid
$34,469
Benefits paid to members
$9,779,561
Compensation of officers, directors and key employees
$831,487
Other salaries and wages
$5,967,529
Salaries, compensation and benefits (total)
$13,839,436
Professional fundraising fees
$0
Legal fees
$48,698
Accounting fees
$144,926
Travel
$170,939
Depreciation
$9,481,242

Balance sheet and other

Total assets, start of year
$387,763,546
Total assets, end of year
$421,101,434
Total liabilities, end of year
$264,322,231
Net assets, end of year
$156,779,203
Land, buildings and equipment
$312,792,027
Gross unrelated business income
$10,015,569
Gross receipts
$161,003,248
Employees
146
Volunteers
0
Year formed
1938
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MATTHEW WARECEO/GENERAL MANAGER
Officer
50$369,565$61,463
ERIK LAVINEMANAGER, ENGINEERING & OPE
Key employee
50$208,605$36,768
JODY THORNTONCHIEF FINANCIAL OFFICER
Officer
50$196,572$29,299
GEORGE CUTRERDISTRICT MANAGER
Highest-paid employee
40$183,496$35,006
ANTHONY HARRISMANAGER, ECON DEV & COMM R
Highest-paid employee
40$177,634$34,557
WILLIAM MCCRARYDISTRICT MANAGER
Highest-paid employee
40$170,881$32,687
JAMES ARMSTRONGMANAGER, PURCHASING & FACI
Highest-paid employee
40$169,844$31,022
LEIF MUNKELMANAGER, MARKETING & COMM
Highest-paid employee
40$152,472$29,901
LAVELL BONDVICE PRESIDENT
Trustee or director, Officer
6.26$31,208$0
DAVIS WINGODIRECTOR
Trustee or director
5.92$30,078$0
BF HUDSON JRDIRECTOR
Trustee or director
7$29,852$0
DANNY WILKSPRESIDENT
Trustee or director, Officer
10.19$29,561$0
JEFF TINNONDIRECTOR
Trustee or director
5.06$28,575$0
JACK BRADSHAWDIRECTOR
Trustee or director
5.85$28,242$0
HUGH GENE SMITHDIRECTOR
Trustee or director
3.5$27,692$0
3 more people on this return
NameTitleHours / weekCompensation
MATT THOMASDIRECTOR
Trustee or director
8.94$27,237
ADAM BASSDIRECTOR
Trustee or director
3.65$27,039
LESLIE PETERSSECRETARY/TREASURER
Trustee or director, Officer
1.03$22,681
990 for the year ended December 31, 2023: 18 people
NameTitleHours / weekCompensationOther / benefits
MATTHEW WARECEO/GENERAL MANAGER
Officer
50$346,748$56,934
ERIK LAVINEMANAGER, ENGINEERING & OPE
Key employee
50$193,259$34,633
GEORGE CUTRERDISTRICT MANAGER
Highest-paid employee
40$181,160$33,692
JODY THORNTONCHIEF FINANCIAL OFFICER
Officer
50$182,595$24,024
ANTHONY HARRISMANAGER, ECON DEV & COMM R
Highest-paid employee
40$172,805$33,612
JAMES ARMSTRONGMANAGER, PURCHASING & FACI
Highest-paid employee
40$170,601$34,327
WILLIAM MCCRARYDISTRICT MANAGER
Highest-paid employee
40$166,228$32,726
JEFFREY SLOANIT MANAGER
Highest-paid employee
40$156,377$24,718
LAVELL BONDVICE PRESIDENT
Trustee or director, Officer
6.56$30,165$0
DANNY WILKSPRESIDENT
Trustee or director, Officer
10.65$29,563$0
HUGH GENE SMITHDIRECTOR
Trustee or director
7.44$28,461$0
BF HUDSON JRDIRECTOR
Trustee or director
6.29$28,074$0
MATT THOMASDIRECTOR
Trustee or director
9.37$26,768$0
JACK BRADSHAWDIRECTOR
Trustee or director
4.19$26,653$0
JEFF TINNONDIRECTOR
Trustee or director
4$26,307$0
WA KENDRICKSECRETARY/TREASURER
Trustee or director, Officer
2.95$25,214$0
DAVIS WINGODIRECTOR
Trustee or director
3.7$25,159$0
LESLIE PETERSDIRECTOR
Trustee or director
2.71$24,073$0

Address and contacts

Address (IRS master file)
1422 HIGHWAY 13 N, COLUMBIA, MS 39429-2050
In care of
% PEARL RIVER VALLEY EPA
Principal officer (990 for 2024)
MATTHEW WARE, POST OFFICE BOX 1217, COLUMBIA, MS 394291217
Signed the 990
MATTHEW WARE, CEO/GENERAL MANAGER
Phone
(601) 736-2666
Return prepared by
TMH

Mission

THE ASSOCIATION'S MISSION IS IMPROVING THE FUTURE FOR ALL OF ITS MEMBERS IN SOUTH MISSISSIPPI. THE FIRST STEP IS BRINGING SAFE AND DEPENDABLE ENERGY AT THE LOWEST POSSIBLE COST.

990 for the year ended December 31, 2024

Program accomplishments

  • PRVEPA PROVIDED ELECTRIC POWER TO 53,598 CONSUMERS DURING 2024.

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
64-0219645
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1942
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$421,101,434
Income (IRS master file)
$161,003,248

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$160,999,727$159,774,956$421,101,434XML
990December 2023$149,565,482$149,918,901$387,763,546XML
990December 2022$139,698,915$139,467,817$322,492,209IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 64-0219645).

Questions about PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION

What is the EIN of PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION?
The employer identification number (EIN) of PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION is 64-0219645.
Is PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
Are donations to PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PEARL RIVER VALLEY 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 PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION?
The 990 for the year ended December 31, 2024 names MATTHEW WARE.
Who are the officers and directors of PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION?
The 990 for the year ended December 31, 2024 lists 18 people; 18 received compensation from the organization, the highest $369,565 (MATTHEW WARE, CEO/GENERAL MANAGER).
How much revenue does PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $160,999,727, expenses of $159,774,956 and total assets of $421,101,434 at year end.

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