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Nonprofit · EIN 64-0269325

YAZOO VALLEY ELECTRIC POWER ASSN

Tax-exempt · YAZOO CITY, MS 39194

Financials

$54.5M$54.5M2023$54.6M$54.6M2024
Revenue Expenses · by fiscal year end
Financials of YAZOO VALLEY ELECTRIC POWER ASSN by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$54,640,752$54,640,752$0$96,632,212$41,762,967$54,869,245
December 31, 2023990$54,468,009$54,468,009$0$96,055,819$42,152,571$53,903,248
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$53,231,275
Investment income
$347,940
Other revenue
$1,061,537

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$2,434,494
Compensation of officers, directors and key employees
$575,616
Salaries, compensation and benefits (total)
$575,616
Professional fundraising fees
$0
Legal fees
$48,071
Accounting fees
$23,000
Depreciation
$3,058,486

Balance sheet and other

Total assets, start of year
$96,055,819
Total assets, end of year
$96,632,212
Total liabilities, end of year
$41,762,967
Net assets, end of year
$54,869,245
Land, buildings and equipment
$57,128,061
Gross receipts
$54,640,752
Employees
63
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MICHAEL K NEELY JRGENERAL MANA
Officer
50$233,961$88,362
BRIAN L CRAWFORDCFO
Officer
40$185,762$67,532
JIMMY PETTISFLEET MANAGE
Highest-paid employee
50$145,684$46,731
BENJAMIN B RUSHMNGR-METERIN
Highest-paid employee
50$140,533$47,066
BRETT R CERDAMANAGER-OPER
Highest-paid employee
46$134,412$46,378
REBECCA M YEATESMANAGER-HUMA
Highest-paid employee
40$132,188$47,849
JOSH REEVESOPER. TRAIN.
Highest-paid employee
44$135,208$37,173
LOUIS S THOMPSONPRESIDENT
Trustee or director, Officer
3$16,442$0
CINDY M SHIPPVICE PRESIDE
Trustee or director, Officer
4$13,274$0
WF ANDERSONDIRECTOR
Trustee or director
3$12,001$0
DAVID S WANSLEYDIRECTOR
Trustee or director
6$11,902$0
ALBERT J DORNBUSCHASST SEC/TRE
Trustee or director, Officer
3$11,792$0
GREGORY MOSELEYDIRECTOR
Trustee or director
6$11,169$0
WM LINK JRSEC/TREAS
Trustee or director, Officer
5$10,571$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensationOther / benefits
MICHAEL K NEELY JRGENERAL MANA
Officer
50$228,560$86,647
BRIAN L CRAWFORDCFO
Officer
40$176,430$64,438
BENJAMIN B RUSHMNGR-METERIN
Highest-paid employee
50$133,437$76,052
JIMMY PETTISFLEET MANAGE
Highest-paid employee
44$129,342$49,712
CHARLES R BATESMGR OF ENGIN
Highest-paid employee
40$124,316$51,822
BRETT R CERDAMANAGER-OPER
Highest-paid employee
40$129,627$45,164
REBECCA M YEATESMANAGER-HUMA
Highest-paid employee
46$126,868$47,463
LOUIS S THOMPSONPRESIDENT
Trustee or director, Officer
3$16,442$0
CINDY M SHIPPVICE PRESIDE
Trustee or director, Officer
4$13,274$0
WF ANDERSONDIRECTOR
Trustee or director
3$12,001$0
DAVID S WANSLEYDIRECTOR
Trustee or director
6$11,902$0
ALBERT J DORNBUSCHASST SEC/TRE
Trustee or director, Officer
3$11,792$0
GREGORY MOSELEYDIRECTOR
Trustee or director
6$11,169$0
WM LINK JRSEC/TREAS
Trustee or director, Officer
5$10,571$0

Address and contacts

Address (IRS master file)
PO BOX 8, YAZOO CITY, MS 39194-0008
Principal officer (990 for 2024)
MICHAEL K NEELY JR, 2255 GORDON AVE, YAZOO CITY, MS 39194
Signed the 990
MICHAEL K NEELY JR, GENERAL MANAGER
Phone
(662) 746-4251
Return prepared by
CORBIN & BIGGS PLLC

Mission

THE ASSOCIATION EXISTS FOR THE PURPOSE OF DISTRIBUTING ELECTRICAL POWER TO ITS MEMBERS AT THE LOWEST POSSIBLE COST.

990 for the year ended December 31, 2024

Program accomplishments

  • YAZOO VALLEY ELECTRIC UTILIZES OVER 2100 MILES OF ELECTRICAL DISTRIBUTION LINES AND SUBSTATIONS TO DELIVER APPROXIMATELY 562,000,000 KWH OF ELECTRICAL ENERGY TO APPROXIMATELY 10,000 ACCOUNTS COMPRISED OF RESIDENTIAL, COMMERCIAL,AGRICULTURAL, AND INDUSTRIAL MEMBERS IN RURAL WEST-CENTRAL MISSISSIPPI.

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
64-0269325
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1938
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$96,632,212
Income (IRS master file)
$54,640,752

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$54,640,752$54,640,752$96,632,212XML
990December 2023$54,468,009$54,468,009$96,055,819XML
990December 2022$56,481,744$56,481,744$93,201,695IRS
990December 2021–––IRS
990December 2020–––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 64-0269325).

Questions about YAZOO VALLEY ELECTRIC POWER ASSN

What is the EIN of YAZOO VALLEY ELECTRIC POWER ASSN?
The employer identification number (EIN) of YAZOO VALLEY ELECTRIC POWER ASSN is 64-0269325.
Is YAZOO VALLEY ELECTRIC POWER ASSN tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1938.
Are donations to YAZOO VALLEY ELECTRIC POWER ASSN tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does YAZOO VALLEY 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 YAZOO VALLEY ELECTRIC POWER ASSN 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 YAZOO VALLEY ELECTRIC POWER ASSN 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 YAZOO VALLEY ELECTRIC POWER ASSN?
The 990 for the year ended December 31, 2024 names MICHAEL K NEELY JR.
Who are the officers and directors of YAZOO VALLEY ELECTRIC POWER ASSN?
The 990 for the year ended December 31, 2024 lists 14 people; 14 received compensation from the organization, the highest $233,961 (MICHAEL K NEELY JR, GENERAL MANA).
How much revenue does YAZOO VALLEY ELECTRIC POWER ASSN have?
On its 990 for the year ended December 31, 2024 it reported revenue of $54,640,752, expenses of $54,640,752 and total assets of $96,632,212 at year end.

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