Dixie Electric Power Assn

Not tax-deductible

Laurel, MSMutual-benefit / member-servingSince 1938Mutual / membership EIN 64-0183177Revenue $138.6M in FY2024

On file with the IRSdixieepa.comPo Box 88, 39441-0088 · Laurel, MSTax-exempt since Apr 1943

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Dixie Electric Power Assn. Strives to: 1)provide an efficient electrical system 2)support the community through local activities and encourage economic growth 3)offer a productive work environment for its employees 4)continue to meet the ever changing needs of its members through technological advances.

$982K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $1.8M a year · 2% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$982K
to officers and key staff · 0.7% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$247.9M
66% of total assets
Worth a look: liabilities are 66% of assets; over 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$138.6M
+8% vs prior year
Spent
$139.0M
To programs
0%
Net assets
$125.8M
By yearFY2020–FY2024
Revenue
$138.6M
FY2024▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$91.7M
FY2021$96.5M
FY2022$116.3M
FY2023$128.5M
FY2024$138.6M
Expenses
$139.0M
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$91.7M
FY2021$98.9M
FY2022$119.7M
FY2023$131.1M
FY2024$139.0M
Net assets
$125.8M
FY2024▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$104.6M
FY2021$104.6M
FY2022$104.5M
FY2023$115.1M
FY2024$125.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1943.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

11 people listed on the 990; $982K paid to officers and key staff.

Part VII, Section A · reportable compensation
General Mana
$339,713Pt VII · Sec A
Admin & Fina
$187,165Pt VII · Sec A
IT Manager
$178,395Pt VII · Sec A
System Engin
$167,654Pt VII · Sec A
President
$20,659Pt VII · Sec A
Director
$20,122Pt VII · Sec A
Alt. Secreta
$17,851Pt VII · Sec A
Secretary-Tr
$13,479Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ralph R Smith$339,713$307,803$269,568$256,253$241,250
Aaron Zumwalt$187,165$177,153$163,842$153,133$148,435
James Grantham$178,395$166,760$148,075$141,590$140,305
Thomas McCarthy—$174,453$148,075$140,903$164,916
Jeremy McAndrew$167,654$154,645$139,776$129,447$127,909
Lydia Walters————$136,143
Floyd Herford—$134,211———
Daniel Wooten——$127,327——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Dixie Electric Power Assn executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Powers communities with electricity, supports local growth, and meets member needs through technology.

Questions for Dixie Electric Power Assn

Tap to ask. Dixie Electric Power Assn sees how many people are interested.

Your first name shows with your question. Dixie Electric Power Assn answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $139.0M · in their own filed words · FY2024
01

Rural electric distribution cooperative that furnished electric service to 41,484 accounts as of 12/31/24

$139.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$25K
Grants paid · 8 grants · $132K · 2020–2024
Other Less Than 5000FY2024$48,558
Electric Cooperatives of MsMS · FY2024$10,000
Other Less Than 5000FY2023$27,320
Electric Cooperatives of MsMS · FY2023$10,000
Electric Cooperatives of MsMS · FY2022$10,000
Electric Cooperatives of MsMS · FY2021$10,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$138.6M
Ln 12
Fees for servicesLn 2g$132.2M
Other incomeLn 4–11$5.3M
Investment incomeLn 3$1.1M
Money outPt IX
$139.0M
Ln 25
Owns and owesPt X
$125.8M
net assets · Ln 32
Cash and savingsLn 1–2$14.9M
Total assetsLn 16$373.7M
LiabilitiesLn 26$247.9M
PeoplePt VI, VII
11
listed · VII A
PaidVII A11
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$132.2M
Investment incomeLn 3$1.1M
Other incomeLn 4–11$5.3M
Gains on assetsLn 7$436K
Total revenueLn 12$138.6M
Assets in detailPt X, end of year
CashLn 1$14.9M
Cash and savings togetherLn 1–2$14.9M
Land, buildings, equipmentLn 10c$275.1M
Other assetsLn 15$50.2M
Total assetsLn 16$373.7M
LiabilitiesLn 26$247.9M
Net assetsLn 32$125.8M
OperationsPt I, VI
EmployeesI 5104
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$7.2M$14.9M
Land, buildings, equipmentLn 10c$254.5M$275.1M
Total assetsLn 16$350.0M$373.7M
LiabilitiesLn 26$234.9M$247.9M
Net assetsLn 32$115.1M$125.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$59K
Benefits paid to or for membersLn 4$10.6M
Pay of current officers, directors and key staffLn 5$982K
Other salaries and wagesLn 7$6.9M
Pension plan contributionsLn 8$2.4M
Other employee benefitsLn 9$616K
Payroll taxesLn 10$854K
Legal feesLn 11b$35K
Accounting feesLn 11c$59K
Other fees for servicesLn 11g$5.4M
Advertising and promotionLn 12$353K
Office expensesLn 13$1.3M
Information technologyLn 14$741K
RoyaltiesLn 15$60K
OccupancyLn 16$146K
TravelLn 17$74K
Conferences, conventions and meetingsLn 19$104K
InterestLn 20$4.8M
Depreciation, depletion and amortizationLn 22$11.7M
InsuranceLn 23$287K
Other expenses (24a–d)Ln 24$84.9M
All other expensesLn 24e$6.7M
Total functional expensesLn 25$139.0M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $138.6M$139.0M−$450K$125.8M 990 PDF
FY2023 $128.5M$131.1M−$2.6M$115.1M 990 PDF
FY2022 $116.3M$119.7M−$3.5M$104.5M 990 PDF
FY2021 $96.5M$98.9M−$2.3M$104.6M 990 PDF
FY2020 $91.7M$91.7M$0$104.6M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $138,589,158 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $122,382,878$132,191,060
I-10 Investment incomePrior year $836,990$1,094,481
I-11 Other revenuePrior year $5,270,528$5,303,617
I-12 Total revenuePrior year $128,490,396$138,589,158
I-13 Grants and similar amounts paidPrior year $37,320$58,558
I-14 Benefits paid to membersPrior year $10,783,956$10,554,990
I-15 Salaries and benefitsPrior year $12,224,197$11,789,723
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $108,078,195$116,635,510
I-18 Total expensesPrior year $131,123,668$139,038,781
I-19 Revenue less expensesPrior year −$2,633,272−$449,623
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $138,589,158 across 6 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $114,967,626 · Unrelated business $17,223,434$132,191,060
VIII-3 Investment incomeExcluded from tax $658,516$658,516
VIII-6 Net rental income or lossRelated to mission $3,855,719$3,855,719
VIII-7 Net gain or loss on sales of assetsRelated to mission $435,965$435,965
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,447,898$1,447,898
VIII-12 Total revenueRelated to mission $120,707,208 · Unrelated business $17,223,434 · Excluded from tax $658,516$138,589,158
Part IX · Statement of functional expenses $139,038,781 across 22 lines filed
IX-1 Grants to domestic organizations$58,558
IX-4 Benefits paid to or for members$10,554,990
IX-5 Pay of current officers, directors and key staff$981,968
IX-7 Other salaries and wages$6,893,733
IX-8 Pension plan contributions$2,443,733
IX-9 Other employee benefits$616,353
IX-10 Payroll taxes$853,936
IX-11b Legal fees$34,632
IX-11c Accounting fees$59,337
IX-11g Other fees for services$5,414,303
IX-12 Advertising and promotion$352,874
IX-13 Office expenses$1,253,770
IX-14 Information technology$741,243
IX-15 Royalties$60,116
IX-16 Occupancy$146,154
IX-17 Travel$73,583
IX-19 Conferences, conventions and meetings$104,370
IX-20 Interest$4,761,342
IX-22 Depreciation, depletion and amortization$11,673,692
IX-23 Insurance$287,133
IX-24 Other expenses (24a–d)$84,924,208
IX-24e All other expenses$6,748,753
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$139,038,781
Part X · Balance sheet $373,688,768 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $7,216,905$14,909,192
X-4 Accounts receivableStart of year $5,500,423$5,997,014
X-8 Inventories for sale or useStart of year $24,891,782$17,945,603
X-9 Prepaid expenses and deferred chargesStart of year $9,383,277$9,509,168
X-10c Land, buildings and equipment, netStart of year $254,509,004$275,098,281
X-15 Other assetsStart of year $48,474,677$50,229,510
X-16 Total assetsStart of year $349,976,068$373,688,768
X-17 Accounts payable and accrued expensesStart of year $11,942,479$11,398,654
X-25 Other liabilitiesStart of year $7,082,639$7,369,508
X-26 Total liabilitiesStart of year $234,911,762$247,863,567
X-32 Total net assets or fund balancesStart of year $115,064,306$125,825,201
X-33 Total liabilities and net assetsStart of year $349,976,068$373,688,768
Part XI · Reconciliation of net assets $125,825,201 net assets at year end
XI-1 Total revenue$138,589,158
XI-2 Total expenses$139,038,781
XI-3 Revenue less expenses−$449,623
XI-4 Net assets at start of year$115,064,306
XI-9 Other changes in net assets$11,210,518
XI-10 Net assets at end of year$125,825,201

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.