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Nonprofit · EIN 64-0254438

TIPPAH ELECTRIC POWER ASSOCIATION

Tax-exempt · RIPLEY, MS 38663

Financials

$12.4M$14.4M2022$14.5M$15M2023$15.2M$13.9M2024
Revenue Expenses · by fiscal year end
Financials of TIPPAH ELECTRIC POWER ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$15,179,280$13,917,758$1,261,522$68,835,212$38,235,742$30,599,470
June 30, 2024990$14,507,549$14,982,561-$475,012$67,891,355$39,726,925$28,164,430
June 30, 2023990$12,430,759$14,389,579-$1,958,820$69,138,887$40,589,795$28,549,092
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$95,417
Net rental income
$2,300,162
Net income from sales of inventory
$12,170,116
Other revenue
$15,083,863

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$485,611
Salaries, compensation and benefits (total)
$2,962,967
Professional fundraising fees
$0
Occupancy
$5,988
Depreciation
$4,014,369
Program services (functional)
$10,119,376
Management and general (functional)
$3,798,382

Balance sheet and other

Total assets, start of year
$67,891,355
Total assets, end of year
$68,835,212
Total liabilities, end of year
$38,235,742
Net assets, end of year
$30,599,470
Land, buildings and equipment
$58,312,678
Gross receipts
$44,964,373
Employees
54
Year formed
1937
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 / weekCompensation
TIM SMITHMANAGER
Officer
40$168,497
MICHAEL T BRADDOCKLINEMAN
Highest-paid employee
48$124,059
STEVEN L DOWDYLINEMAN
Highest-paid employee
49$122,859
MATTHEW G BAILEYLINEMAN
Highest-paid employee
53$122,188
HERSHEL SCOTT DERRICKLINEMAN
Highest-paid employee
49$120,486
GREGORY E HINESLINEMAN
Highest-paid employee
47$117,118
KERRY COCKRELLCFO
Officer
40$110,345
JERRY L WATKINSDIRECTOR
Trustee or director
–$13,200
TOMMY BENSONDIRECTOR
Trustee or director
–$12,600
PHILLIP CAMBURNDIRECTOR
Trustee or director
–$12,600
RICKY DOBBSDIRECTOR
Trustee or director
–$12,600
JIMMY HUDDLESTONDIRECTOR
Trustee or director
–$12,600
MARK JOHNSONDIRECTOR
Trustee or director
–$12,600
RICKY MARTINDIRECTOR
Trustee or director
–$12,600
MATT ORMONDIRECTOR
Trustee or director
–$12,600
1 more people on this return
NameTitleHours / weekCompensation
GREG SMITHDIRECTOR
Trustee or director
–$12,600
990 for the year ended June 30, 2024: 11 people
NameTitleHours / weekCompensation
TIM SMITHMANAGER
Officer
40$159,405
KERRY COCKRELLCFO
Highest-paid employee
40$101,938
JERRY L WATKINSDIRECTOR
Trustee or director
–$13,200
TOMMY BENSONDIRECTOR
Trustee or director
–$12,600
PHILLIP CAMBURNDIRECTOR
Trustee or director
–$12,600
RICKY DOBBSDIRECTOR
Trustee or director
–$12,600
JIMMY HUDDLESTONDIRECTOR
Trustee or director
–$12,600
MARK JOHNSONDIRECTOR
Trustee or director
–$12,600
RICKY MARTINDIRECTOR
Trustee or director
–$12,600
MATT ORMONDIRECTOR
Trustee or director
–$12,600
GREG SMITHDIRECTOR
Trustee or director
–$12,600
990 for the year ended June 30, 2023: 11 people
NameTitleHours / weekCompensation
TIM SMITHMANAGER
Officer
40$175,144
DANNY CAPLESENGINEER
Highest-paid employee
40$141,513
JERRY L WATKINSDIRECTOR
Trustee or director
–$13,200
TOMMY BENSONDIRECTOR
Trustee or director
–$12,600
PHILLIP CAMBURNDIRECTOR
Trustee or director
–$12,600
RICKY DOBBSDIRECTOR
Trustee or director
–$12,600
JIMMY HUDDLESTONDIRECTOR
Trustee or director
–$12,600
MARK JOHNSONDIRECTOR
Trustee or director
–$12,600
RICKY MARTINDIRECTOR
Trustee or director
–$12,600
MATT ORMONDIRECTOR
Trustee or director
–$12,600
GREG SMITHDIRECTOR
Trustee or director
–$12,600

Address and contacts

Address (IRS master file)
109 E COOPER ST, RIPLEY, MS 38663-1723
Principal officer (990 for 2024)
TIM SMITH, P O BOX 206, RIPLEY, MS 38663
Signed the 990
TIM SMITH, MANAGER
Phone
(662) 837-8139
Return prepared by
LINDSEY DAVIS & ASSOCIATES CPAS PA

Mission

TO DISTRIBUTE PUBLIC ELECTRIC POWER SERVICE TO RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL CUSTOMERS IN TIPPAH COUNTY, MISSISSIPPI AND PARTS OF THE SURROUNDING AREA.

990 for the year ended June 30, 2025

Program accomplishments

  • THE ASSOCIATION DISTRIBUTED ELECTRIC POWER SERVICE TO 14,284 CUSTOMERS FOR THE FISCAL YEAR. THE CUSTOMERS CONSISTED OF RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL CUSTOMERS IN TIPPAH COUNTY, PARTS OF ALCORN, BENTON, AND UNION COUNTIES IN MISSISSIPPI, AND PARTS OF HARDEMAN COUNTY IN TENNESSEE.
    Expenses $10,119,376 · revenue $43,046,144

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
64-0254438
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1940
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$68,835,212
Income (IRS master file)
$44,964,373

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$15,179,280$13,917,758$68,835,212XML
990June 2024$14,507,549$14,982,561$67,891,355IRS
990June 2023$12,430,759$14,389,579$69,138,887XML
990June 2022$12,365,155$13,131,683$72,350,182IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 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 64-0254438).

Questions about TIPPAH ELECTRIC POWER ASSOCIATION

What is the EIN of TIPPAH ELECTRIC POWER ASSOCIATION?
The employer identification number (EIN) of TIPPAH ELECTRIC POWER ASSOCIATION is 64-0254438.
Is TIPPAH ELECTRIC POWER ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1940.
Are donations to TIPPAH ELECTRIC POWER ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does TIPPAH 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 TIPPAH 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 TIPPAH 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 TIPPAH ELECTRIC POWER ASSOCIATION?
The 990 for the year ended June 30, 2025 names TIM SMITH.
Who are the officers and directors of TIPPAH ELECTRIC POWER ASSOCIATION?
The 990 for the year ended June 30, 2025 lists 16 people; 16 received compensation from the organization, the highest $168,497 (TIM SMITH, MANAGER).
How much revenue does TIPPAH ELECTRIC POWER ASSOCIATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $15,179,280, expenses of $13,917,758 and total assets of $68,835,212 at year end.

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