Nonprofit · EIN 64-0367992
COOPERATIVE ENERGY A MISSISSIPPI ELECTRIC COOPERATIVE
Tax-exempt · HATTIESBURG, MS 39404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,021,873,475 | $1,021,873,475 | $0 | $2,328,471,749 | $1,853,534,616 | $474,937,133 |
| December 31, 2023 | 990 | $1,009,490,161 | $1,009,490,161 | $0 | $2,244,889,278 | $1,779,770,466 | $465,118,812 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,018,854,712
- Investment income
- $3,018,763
- Net gain from sales of assets
- $183,262
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $168,500
- Benefits paid to members
- $20,000,000
- Compensation of officers, directors and key employees
- $6,243,449
- Other salaries and wages
- $50,976,226
- Salaries, compensation and benefits (total)
- $80,104,362
- Professional fundraising fees
- $0
- Legal fees
- $1,013,124
- Accounting fees
- $465,862
- Travel
- $1,257,863
- Depreciation
- $110,932,000
Balance sheet and other
- Total assets, start of year
- $2,244,889,278
- Total assets, end of year
- $2,328,471,749
- Total liabilities, end of year
- $1,853,534,616
- Net assets, end of year
- $474,937,133
- Land, buildings and equipment
- $1,767,819,564
- Gross receipts
- $1,021,873,475
- Employees
- 572
- Volunteers
- 0
- Year formed
- 1941
- 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 |
|---|---|---|---|---|
| JEFF BOWMAN | PRESIDENT/CEO Officer | 55 | $1,111,321 | $257,965 |
| JAMES EVANS | SR VICE PRESIDENT/POWER DE Highest-paid employee | 45 | $306,393 | $232,876 |
| MARK SMITH | SR VICE PRESIDENT POWER GE Highest-paid employee | 48 | $354,082 | $172,347 |
| GARY HUTSON | SR VICE PRESIDENT/COO Officer | 50 | $381,403 | $108,196 |
| KEVIN GRACE | SR. VICE PRESIDENT/ CFO Officer | 44 | $340,332 | $125,274 |
| CHRISTA BISHOP | SR VICE PRESIDENT/CCO Officer | 50 | $358,548 | $106,210 |
| DON HINTON | SR VICE PRESIDENT/CCO Officer | 45 | $335,654 | $92,929 |
| MARK DODD | VP INFORMATION SYSTEMS Highest-paid employee | 42 | $223,285 | $87,897 |
| JEFF BROWN | PLANT SUPERINTENDENT Highest-paid employee | 50 | $219,447 | $70,287 |
| BRANDON SANDERS | PLANT SUPERINTENDENT Highest-paid employee | 43 | $228,328 | $57,724 |
| KEVIN BONDS | DIRECTOR Trustee or director | 4.2 | $39,593 | $0 |
| RICHARD THOMS | DIRECTOR Trustee or director, Officer | 2.25 | $38,826 | $0 |
| WILLIAM SMITH | DIRECTOR Trustee or director | 8.3 | $37,300 | $0 |
| MIKE TYNER | DIRECTOR Trustee or director | 4.69 | $35,747 | $0 |
| LOUIS THOMPSON | DIRECTOR Trustee or director | 1.98 | $34,991 | $0 |
23 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD BARNES | DIRECTOR Trustee or director | 2.37 | $34,789 |
| HARRY HOWARTH | DIRECTOR Trustee or director | 1.56 | $34,395 |
| BRYAN THOMAS | DIRECTOR Trustee or director | 1.74 | $33,950 |
| JOEL CUNNINGHAM | DIRECTOR Trustee or director, Officer | 2.18 | $33,738 |
| RANDY WOOLLEY | DIRECTOR Trustee or director | 1.89 | $33,455 |
| DANNY WILKS | DIRECTOR Trustee or director | 2.15 | $32,845 |
| CARL FULLER | DIRECTOR Trustee or director | 2.26 | $32,634 |
| TERI EATON | DIRECTOR Trustee or director | 1.45 | $32,605 |
| KEITH HURT | DIRECTOR Trustee or director, Officer | 5.31 | $32,600 |
| MICHAEL NEELY | DIRECTOR Trustee or director | 4.36 | $32,600 |
| ROBERT SMITH | DIRECTOR Trustee or director | 1.94 | $32,429 |
| CHRIS RHODES | DIRECTOR Trustee or director | 0.7 | $32,200 |
| RANDY SMITH | DIRECTOR Trustee or director | 1.78 | $32,000 |
| BRIAN HUGHEY | DIRECTOR Trustee or director | 2.49 | $31,600 |
| MATTHEW WARE | DIRECTOR Trustee or director | 1.77 | $30,800 |
| HAROLD PITTMAN | DIRECTOR Trustee or director | 2.11 | $23,600 |
| LESLIE HOLLOWAY | DIRECTOR Trustee or director | 2.05 | $18,333 |
| DOUGLAS MOONEY | DIRECTOR Trustee or director | 2.35 | $17,518 |
| ROBERT STEELE | DIRECTOR Trustee or director | 0.65 | $17,402 |
| RICHARD DOSSETT | DIRECTOR Trustee or director | 1.38 | $17,268 |
| HOWARD DAVIS | DIRECTOR Trustee or director | 1.39 | $14,817 |
| DAVID O'BRYAN | DIRECTOR Trustee or director | 2.73 | $11,600 |
| TIMOTHY PERKINS | DIRECTOR Trustee or director | 0.88 | $2,400 |
990 for the year ended December 31, 2023: 35 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFF BOWMAN | PRESIDENT/CEO Officer | 55 | $916,889 | $213,103 |
| MARK SMITH | SR VICE PRESIDENT POWER GE Highest-paid employee | 48 | $330,138 | $165,266 |
| CHRISTA BISHOP | SR VICE PRESIDENT/CCO Officer | 50 | $328,916 | $114,731 |
| GARY HUTSON | SR VICE PRESIDENT/COO Officer | 50 | $332,568 | $108,708 |
| KEVIN GRACE | SR. VICE PRESIDENT/ CFO Officer | 44 | $297,797 | $93,550 |
| DON HINTON | SR VICE PRESIDENT/CCO Officer | 45 | $296,104 | $87,812 |
| JAMES EVANS | SR VICE PRESIDENT/POWER DE Highest-paid employee | 45 | $255,510 | $126,234 |
| MARK DODD | VP INFORMATION SYSTEMS Highest-paid employee | 42 | $209,882 | $93,360 |
| JEFF BROWN | PLANT SUPERINTENDENT Highest-paid employee | 50 | $205,147 | $76,755 |
| BRANDON SANDERS | PLANT SUPERINTENDENT Highest-paid employee | 44 | $212,064 | $64,904 |
| DARRELL SMITH | DIRECTOR Trustee or director, Officer | 8.74 | $41,803 | $0 |
| LOUIS THOMPSON | DIRECTOR Trustee or director | 2.34 | $34,981 | $0 |
| JOEL CUNNINGHAM | DIRECTOR Trustee or director | 2.46 | $34,943 | $0 |
| KEITH HURT | DIRECTOR Trustee or director, Officer | 7.13 | $34,800 | $0 |
| HOWARD DAVIS | DIRECTOR Trustee or director | 2.23 | $34,693 | $0 |
| MIKE TYNER | DIRECTOR Trustee or director | 5.84 | $34,532 | $0 |
| HARRY HOWARTH | DIRECTOR Trustee or director | 2.47 | $34,488 | $0 |
| DAVID O'BRYAN | DIRECTOR Trustee or director | 4.93 | $34,142 | $0 |
| CHRIS RHODES | DIRECTOR Trustee or director | 1.41 | $34,000 | $0 |
| RICHARD DOSSETT | DIRECTOR Trustee or director | 0.89 | $33,903 | $0 |
| RON BARNES | DIRECTOR Trustee or director | 2.91 | $33,901 | $0 |
| BRYAN THOMAS | DIRECTOR Trustee or director | 1.61 | $33,644 | $0 |
| TERI EATON | DIRECTOR Trustee or director | 2.62 | $33,561 | $0 |
| RANDY WOOLLEY | DIRECTOR Trustee or director | 2.31 | $33,330 | $0 |
| RICHARD THOMS | DIRECTOR Trustee or director, Officer | 3.23 | $33,218 | $0 |
| KEVIN BONDS | DIRECTOR Trustee or director | 3.14 | $32,800 | $0 |
| RANDY SMITH | DIRECTOR Trustee or director | 2.2 | $32,800 | $0 |
| BRIAN HUGHEY | DIRECTOR Trustee or director | 3.31 | $32,400 | $0 |
| TIM PERKINS | DIRECTOR Trustee or director | 3.93 | $32,400 | $0 |
| ROBERT SMITH | DIRECTOR Trustee or director | 3.01 | $32,274 | $0 |
| DANNY WILKS | DIRECTOR Trustee or director | 3.26 | $32,070 | $0 |
| MATTHEW WARE | DIRECTOR Trustee or director | 2.19 | $32,000 | $0 |
| MICHAEL NEELY | DIRECTOR Trustee or director | 1.77 | $31,200 | $0 |
| CARL FULLER | DIRECTOR Trustee or director | 3.08 | $17,464 | $0 |
| SCOTT SMITH | DIRECTOR Trustee or director | 1.25 | $15,269 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 15849, HATTIESBURG, MS 39404-5849
- Principal officer (990 for 2024)
- JEFF BOWMAN, PO BOX 15849, HATTIESBURG, MS 394045849
- Signed the 990
- KEVIN R GRACE SR, CHIEF FINANCIAL OFFICER
- Phone
- (601) 268-2083
- Website
- WWW.COOPERATIVEENERGY.COM
- Return prepared by
- CRI ADVISORS LLC
Mission
PROVIDE AND TRANSMIT THROUGH GENERATION AND PURCHASE OF ELECTRICITY, WHOLESALE ELECTRICITY TO 11 MEMBER OWNED COOPERATIVES, EACH SERVING RETAIL CONSUMERS.
Program accomplishments
- PROVIDE AFFORDABLE AND RELIABLE ELECTRIC ENERGY TO MEMBER COOPERATIVES. THE 11 MEMBER COOPERATIVES PROVIDE SERVICE TO APPROXIMATELY 456,000 METERS IN MISSISSIPPI. COOPERATIVE ENERGY AND THE 11 MEMBER SYSTEMS ARE CONSUMER-OWNED, NON-PROFIT BUSINESSES. DURING 2024, COOPERATIVE ENERGY PROVIDED MEMBER SYSTEMS WITH 10,227,219 MWH OF ENERGY.
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 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 64-0367992
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1968
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,397,061,926
- Income (IRS master file)
- $1,086,835,515
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,021,873,475 | $1,021,873,475 | $2,328,471,749 | XML |
| 990 | December 2023 | $1,009,490,161 | $1,009,490,161 | $2,244,889,278 | XML |
| 990 | December 2022 | $956,651,180 | $956,651,180 | $2,189,288,268 | 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 64-0367992).
Questions about COOPERATIVE ENERGY A MISSISSIPPI ELECTRIC COOPERATIVE
- What is the EIN of COOPERATIVE ENERGY A MISSISSIPPI ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of COOPERATIVE ENERGY A MISSISSIPPI ELECTRIC COOPERATIVE is 64-0367992.
- Is COOPERATIVE ENERGY A MISSISSIPPI ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1968.
- Are donations to COOPERATIVE ENERGY A MISSISSIPPI ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COOPERATIVE ENERGY A MISSISSIPPI 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 COOPERATIVE ENERGY A MISSISSIPPI ELECTRIC COOPERATIVE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COOPERATIVE ENERGY A MISSISSIPPI 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 COOPERATIVE ENERGY A MISSISSIPPI ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 names JEFF BOWMAN.
- Who are the officers and directors of COOPERATIVE ENERGY A MISSISSIPPI ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 lists 38 people; 38 received compensation from the organization, the highest $1,111,321 (JEFF BOWMAN, PRESIDENT/CEO).
- How much revenue does COOPERATIVE ENERGY A MISSISSIPPI ELECTRIC COOPERATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,021,873,475, expenses of $1,021,873,475 and total assets of $2,328,471,749 at year end.
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