Nonprofit · EIN 64-0243969
SOUTHERN PINE ELECTRIC COOPERATIVE
Tax-exempt · TAYLORSVILLE, MS 39168
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $239,478,420 | $239,478,420 | $0 | $544,840,910 | $223,971,597 | $320,869,313 |
| December 31, 2023 | 990 | $230,719,379 | $230,719,379 | $0 | $533,169,918 | $214,623,717 | $318,546,201 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $236,805,258
- Investment income
- $882,053
- Net rental income
- $1,757,359
- Net gain from sales of assets
- $135,012
- Other revenue
- $1,791,109
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $9,003,683
- Compensation of officers, directors and key employees
- $1,502,790
- Salaries, compensation and benefits (total)
- $1,502,790
- Professional fundraising fees
- $0
- Depreciation
- $17,222,260
Balance sheet and other
- Total assets, start of year
- $533,169,918
- Total assets, end of year
- $544,840,910
- Total liabilities, end of year
- $223,971,597
- Net assets, end of year
- $320,869,313
- Land, buildings and equipment
- $378,735,035
- Gross receipts
- $239,478,420
- Employees
- 269
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Chris K Rhodes | President / CEO Officer | 50 | $389,163 | $176,456 |
| Jim Jordan | VP of Engineering Key employee | 50 | $232,794 | $110,515 |
| Robert Chad Lewis | VP of Operations Highest-paid employee | 50 | $237,254 | $59,512 |
| Jennifer W Collins | VP of Communications & Gov Highest-paid employee | 50 | $208,691 | $74,289 |
| Ryan R Robertson | Chief Financial Officer Officer | 45 | $245,554 | $29,649 |
| Ollen D McAlpin | VP of Administration Highest-paid employee | 45 | $228,474 | $33,998 |
| John Joseph Hardin | Director of Plant and Faci Highest-paid employee | 45 | $171,700 | $74,141 |
| James Keith King | Director of Supply Chain Highest-paid employee | 40 | $154,869 | $61,633 |
| Charles Lowe | Director Trustee or director | 16.4 | $46,855 | $0 |
| Greg Sullivan | Director Trustee or director | 16.7 | $44,470 | $0 |
| Billy M Berry | Chariman/Director Trustee or director, Officer | 19.5 | $40,160 | $0 |
| Haskins Montgomery | Secretary/Director Trustee or director, Officer | 17.2 | $36,138 | $0 |
| Blaine H Eaton | Director Trustee or director | 18.5 | $35,535 | $0 |
| Richard Thoms | Vice-Chairman/Director Trustee or director, Officer | 16.9 | $32,393 | $0 |
| Staci L Rhodes | Director Trustee or director | 16.8 | $32,278 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Billy Parish | Director Trustee or director | 14.5 | $31,445 |
| Mims W Berry | Director Trustee or director | 14.1 | $31,050 |
| Fountaine McNair | Director Trustee or director | 15.9 | $30,556 |
| Jeffery Sims | Director Trustee or director | 14.6 | $27,965 |
| David Tadlock | Director Trustee or director | 9.9 | $21,342 |
| Dean Kirby | Director Trustee or director | 10 | $19,150 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Chris K Rhodes | President / CEO Officer | 50 | $369,246 | $146,576 |
| Jim Jordan | VP of Engineering Key employee | 50 | $217,996 | $83,103 |
| Robert Chad Lewis | VP of Operations Highest-paid employee | 50 | $223,130 | $49,327 |
| Jennifer W Collins | VP of Communications & Gov Highest-paid employee | 50 | $183,085 | $55,053 |
| Ryan R Robertson | Chief Financial Officer Officer | 45 | $212,168 | $25,712 |
| Ollen D McAlpin | VP of Administration Highest-paid employee | 45 | $206,633 | $29,243 |
| John Joseph Hardin | Director of Plant and Faci Highest-paid employee | 45 | $165,021 | $64,493 |
| James Keith King | Director of Supply Chain Highest-paid employee | 40 | $150,941 | $56,010 |
| Greg Sullivan | Director Trustee or director | 19.3 | $56,147 | $0 |
| Charles Lowe | Director Trustee or director | 19.6 | $54,442 | $0 |
| Billy M Berry | Chariman/Director Trustee or director, Officer | 25.5 | $51,281 | $0 |
| Haskins Montgomery | Secretary/Director Trustee or director, Officer | 22.5 | $45,989 | $0 |
| Mims W Berry | Director Trustee or director | 20 | $41,989 | $0 |
| Richard Thoms | Vice-Chairman/Director Trustee or director, Officer | 21.6 | $41,563 | $0 |
| Billy Parish | Director Trustee or director | 19.9 | $41,364 | $0 |
| Blaine H Eaton | Director Trustee or director | 21.2 | $40,609 | $0 |
| Staci L Rhodes | Director Trustee or director | 20.5 | $39,414 | $0 |
| Jeffery Sims | Director Trustee or director | 19 | $36,422 | $0 |
| Fountaine McNair | Director Trustee or director | 18.9 | $36,240 | $0 |
| Dean Kirby | Director Trustee or director | 17.1 | $32,927 | $0 |
| David Tadlock | Director Trustee or director | 11.6 | $24,634 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 60, TAYLORSVILLE, MS 39168-0060
- Principal officer (990 for 2024)
- Chris K Rhodes, PO Box 60, Taylorsville, MS 391680060
- Signed the 990
- Ryan R Robertson, Chief Financial Officer
- Phone
- (601) 785-6511
- Website
- www.southernpine.coop
- Return prepared by
- Jackson Thornton & Co PC
Mission
The mission of Southern Pine Electric's Board of Directors and employees is to enhance the quality of life of our members and community by safely providing reliable electric energy at an affordable price.
Program accomplishments
- Southern Pine Electric Cooperative is an electric distribution cooperative that provided service to approximately 70,771 meters in south central Mississippi. Utilizing its 10,751 miles of electric distribution lines, Southern Pine Electric sold 1,878,290,359 kilowatt hours of electric energy to its 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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 64-0243969
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $544,840,910
- Income (IRS master file)
- $239,478,420
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $239,478,420 | $239,478,420 | $544,840,910 | XML |
| 990 | December 2023 | $230,719,379 | $230,719,379 | $533,169,918 | XML |
| 990 | December 2022 | $220,241,849 | $220,241,849 | $497,414,310 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 64-0243969).
Questions about SOUTHERN PINE ELECTRIC COOPERATIVE
- What is the EIN of SOUTHERN PINE ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of SOUTHERN PINE ELECTRIC COOPERATIVE is 64-0243969.
- Is SOUTHERN PINE ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
- Are donations to SOUTHERN PINE ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTHERN PINE ELECTRIC COOPERATIVE 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 SOUTHERN PINE ELECTRIC COOPERATIVE 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 SOUTHERN PINE ELECTRIC COOPERATIVE 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 SOUTHERN PINE ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 names Chris K Rhodes.
- Who are the officers and directors of SOUTHERN PINE ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 lists 21 people; 21 received compensation from the organization, the highest $389,163 (Chris K Rhodes, President / CEO).
- How much revenue does SOUTHERN PINE ELECTRIC COOPERATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $239,478,420, expenses of $239,478,420 and total assets of $544,840,910 at year end.
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