Nonprofit · EIN 64-0224230
PONTOTOC ELECTRIC POWER ASSN
Tax-exempt · PONTOTOC, MS 38863
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $15,412,717 | $9,565,124 | $5,847,593 | $102,701,876 | $14,228,477 | $88,473,399 |
| June 30, 2024 | 990 | $14,299,984 | $9,358,669 | $4,941,315 | $96,896,747 | $13,520,968 | $83,375,779 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $193,722
- Net rental income
- -$3,330
- Net income from sales of inventory
- $13,125,444
- Other revenue
- $15,218,995
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $545,633
- Other salaries and wages
- $1,594,512
- Salaries, compensation and benefits (total)
- $3,748,964
- Professional fundraising fees
- $0
- Depreciation
- $3,772,636
Balance sheet and other
- Total assets, start of year
- $96,896,747
- Total assets, end of year
- $102,701,876
- Total liabilities, end of year
- $14,228,477
- Net assets, end of year
- $88,473,399
- Land, buildings and equipment
- $77,932,869
- Gross receipts
- $58,760,852
- Employees
- 98
- Year formed
- 1935
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANKIE MOORMAN | GENERAL MGR Officer | 50 | $193,636 | $89,671 |
| JEANNA SORTO | SECRETARY/AC Officer | 50 | $168,664 | $63,708 |
| JAMES ELZIE | GENERAL FORE Highest-paid employee | – | $111,207 | $60,562 |
| BENJAMIN HOGAN | BRUCE DISTRI Highest-paid employee | – | $111,014 | $36,048 |
| ROBERT B MITCHELL | ASSISTANT FO Highest-paid employee | – | $103,937 | $31,581 |
| WALKER C WESTMORELAND | E JOURNEYMAN Highest-paid employee | – | $100,243 | $15,015 |
| ROBERT TEDFORD | DIRECTOR Trustee or director | 1 | $14,925 | $0 |
| DEAN BRUMMETT | DIRECTOR Trustee or director | 1 | $14,908 | $0 |
| BOBBY DUKE | DIRECTOR Trustee or director | 1 | $14,472 | $0 |
| RANDY HEARD | VICE PRESIDE Trustee or director, Officer | 1 | $14,438 | $0 |
| THOMAS E JOHNSON JR | DIRECTOR Trustee or director | 1 | $14,438 | $0 |
| JIM RIDDLE JR | DIRECTOR Trustee or director | 1 | $14,420 | $0 |
| JEFF WASHINGTON | DIRECTOR Trustee or director | 1 | $14,420 | $0 |
| TERRY CHUNN | PRESIDENT Trustee or director, Officer | 1 | $14,368 | $0 |
| DAVID HIGH | DIRECTOR Trustee or director | 1 | $14,316 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FRANKIE MOORMAN | GENERAL MGR Officer | 50 | $180,606 | $87,691 |
| JEANNA SORTO | SECRETARY/AC Officer | 50 | $157,009 | $55,070 |
| JAMES ELZIE | GENERAL FORE Highest-paid employee | 40 | $113,513 | $66,562 |
| BENJAMIN HOGAN | BRUCE DISTRI Highest-paid employee | 40 | $107,101 | $32,207 |
| JOHN CODY LASTER | JOURNEYMAN L Highest-paid employee | 40 | $101,485 | $24,599 |
| ROBERT TEDFORD | DIRECTOR Trustee or director | 1 | $15,128 | $0 |
| RANDY HEARD | VICE PRESIDE Trustee or director, Officer | 1 | $14,578 | $0 |
| JIM RIDDLE JR | DIRECTOR Trustee or director | 1 | $14,559 | $0 |
| JEFF WASHINGTON | DIRECTOR Trustee or director | 1 | $14,559 | $0 |
| TERRY CHUNN | PRESIDENT Trustee or director, Officer | 1 | $14,500 | $0 |
| DAVID HIGH | DIRECTOR Trustee or director | 1 | $14,441 | $0 |
| BOBBY DUKE | DIRECTOR Trustee or director | 1 | $14,303 | $0 |
| JACKIE COURSON | DIRECTOR Trustee or director | 1 | $14,211 | $0 |
| LARRY D PARKER | PRESIDENT Trustee or director, Officer | 1 | $7,002 | $0 |
| DEAN BRUMMETT | DIRECTOR Trustee or director | 1 | $6,209 | $0 |
| THOMAS E JOHNSON JR | DIRECTOR Trustee or director | – | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 718, PONTOTOC, MS 38863-0718
- Principal officer (990 for 2024)
- FRANKIE MOORMAN, 765 E 10TH STREET, PONTOTOC, MS 38863
- Signed the 990
- JEANNA SORTO, SECRETARY/ACCOUNTANT
- Phone
- (662) 489-3211
- Website
- PEPA.COM
- Return prepared by
- JOHN M LAUDERDALE CPA PA
Mission
PROVISION OF ELECTRIC POWER TO RURAL CUSTOMERS.
Program accomplishments
- PROVISION OF ELECTRICAL POWER TO 20,770 USERS AS OF JUNE 30, 2025
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 64-0224230
- 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)
- $102,701,876
- Income (IRS master file)
- $58,760,852
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $15,412,717 | $9,565,124 | $102,701,876 | XML |
| 990 | June 2024 | $14,299,984 | $9,358,669 | $96,896,747 | XML |
| 990 | June 2023 | $12,013,910 | $8,946,463 | $90,440,236 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 64-0224230).
Questions about PONTOTOC ELECTRIC POWER ASSN
- What is the EIN of PONTOTOC ELECTRIC POWER ASSN?
- The employer identification number (EIN) of PONTOTOC ELECTRIC POWER ASSN is 64-0224230.
- Is PONTOTOC ELECTRIC POWER ASSN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1937.
- Are donations to PONTOTOC ELECTRIC POWER ASSN tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PONTOTOC ELECTRIC POWER ASSN 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 PONTOTOC ELECTRIC POWER ASSN 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 PONTOTOC ELECTRIC POWER ASSN 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 PONTOTOC ELECTRIC POWER ASSN?
- The 990 for the year ended June 30, 2025 names FRANKIE MOORMAN.
- Who are the officers and directors of PONTOTOC ELECTRIC POWER ASSN?
- The 990 for the year ended June 30, 2025 lists 15 people; 15 received compensation from the organization, the highest $193,636 (FRANKIE MOORMAN, GENERAL MGR).
- How much revenue does PONTOTOC ELECTRIC POWER ASSN have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $15,412,717, expenses of $9,565,124 and total assets of $102,701,876 at year end.
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