Pearl River Valley Electric Power Assn

Columbia, MS
Tax-exempt since Dec. 1942
EIN: 64-0219645

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$150M (2023)

Expenses

$150M (2023)

Total Assets

$388M (2023)

Total Liabilities

$249M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Revenue

$149,565,482

Expenses

$149,918,901

Net Income

-$353,419

Net Assets

$139,162,642

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,576,178	1.7%
Program Services	$146,898,635	98.2%
Investment Income	$42,365	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$48,304	0.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$975,551	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,436,035	3.6%

Assets/Debt
Total Assets	$387,763,546
Total Liabilities	$248,600,904
Net Assets	$139,162,642

Club or Co-Op Income
Income From Members	$141,180,425
Income From Other Sources	$8,558,460

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Matthew Ware (Ceo/General Manager)	$346,748	$0	$56,934
Erik Lavine (Manager, Engineering & Ope)	$193,259	$0	$34,633
Jody Thornton (Chief Financial Officer)	$182,595	$0	$24,024
George Cutrer (District Manager)	$181,160	$0	$33,692
Anthony Harris (Manager, Econ Dev & Comm R)	$172,805	$0	$33,612
James Armstrong (Manager, Purchasing & Faci)	$170,601	$0	$34,327
William Mccrary (District Manager)	$166,228	$0	$32,726
Jeffrey Sloan (It Manager)	$156,377	$0	$24,718
Lavell Bond (Vice President)	$30,165	$0	$0
Danny Wilks (President)	$29,563	$0	$0
Hugh Gene Smith (Director)	$28,461	$0	$0
Bf Hudson Jr (Director)	$28,074	$0	$0
Matt Thomas (Director)	$26,768	$0	$0
Jack Bradshaw (Director)	$26,653	$0	$0
Jeff Tinnon (Director)	$26,307	$0	$0
Wa Kendrick (Secretary/Treasurer)	$25,214	$0	$0
Davis Wingo (Director)	$25,159	$0	$0
Leslie Peters (Director)	$24,073	$0	$0

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990

Filed on Nov. 14, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$139,698,915

Expenses

$139,467,817

Net Income

$231,098

Net Assets

$133,658,950

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,146,815	1.5%
Program Services	$137,408,177	98.4%
Investment Income	$41,762	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$102,161	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$902,944	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,748,886	3.4%

Assets/Debt
Total Assets	$322,492,209
Total Liabilities	$188,833,259
Net Assets	$133,658,950

Club or Co-Op Income
Income From Members	$134,332,503
Income From Other Sources	$3,810,058

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Matthew Ware (Ceo/General Manager)	$331,043	$0	$54,754
Anthony Harris (Manager, Econ Dev & Comm R)	$168,507	$0	$39,126
George Cutrer (District Manager)	$167,640	$0	$34,468
Erik Lavine (Manager, Engineering & Ope)	$163,041	$0	$32,618
William Mccrary (District Manager)	$158,246	$0	$32,150
Jody Thornton (Chief Financial Officer)	$153,310	$0	$27,054
James Armstrong (Manager, Purchasing & Faci)	$149,818	$0	$33,161
Jeffrey Sloan (It Manager)	$146,117	$0	$25,270
Lavell Bond (Vice President)	$29,519	$0	$0
Danny Wilks (President)	$29,100	$0	$0
Davis Wingo (Director)	$29,014	$0	$0
Wa Kendrick (Secretary/Treasurer)	$28,526	$0	$0
Bf Hudson Jr (Director)	$28,246	$0	$0
Hugh Gene Smith (Director)	$28,204	$0	$0
Jack Bradshaw (Director)	$27,934	$0	$0
Matt Thomas (Director)	$25,890	$0	$0
Jeff Tinnon (Director)	$25,351	$0	$0
Leslie Peters (Director)	$23,094	$0	$0

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990

Filed on Nov. 15, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$130,089,296

Expenses

$131,299,675

Net Income

-$1,210,379

Net Assets

$110,707,873

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,577,000	2.0%
Program Services	$127,411,299	97.9%
Investment Income	$16,052	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$77,606	0.1%
Net Inventory Sales	$0
Other Revenue	$7,339	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,681,105	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,398,158	3.3%

Assets/Debt
Total Assets	$282,339,813
Total Liabilities	$171,631,940
Net Assets	$110,707,873

Club or Co-Op Income
Income From Members	$127,124,246
Income From Other Sources	$5,824,492

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Matthew Ware (General Manager/Ceo)	$282,557	$0	$47,885
Anthony Harris (Manager, Econ Dev & Comm Relations)	$165,269	$0	$31,124
Geroge Cutrer (District Manager)	$154,084	$0	$29,907
William Mccrary (District Manager)	$153,279	$0	$30,402
Erik Lavine (Manager, Engineering & Operations)	$152,251	$0	$29,870
Randy Wallace (Former General Manager)	$151,228	$0	$20,463
James Armstrong (Manager, Purchasing & Facilities)	$142,415	$0	$30,206
Charles Green (Serviceman)	$142,293	$0	$21,049
Jody Thornton (Chief Financial Officer)	$131,178	$0	$18,638
Hugh Gene Smith (President)	$21,600	$0	$0
Danny Wilks (Vice President)	$21,450	$0	$0
Lavell Bond (Secretary/Treasurer)	$21,000	$0	$0
Wa Kendrick (Director)	$20,400	$0	$0
Bf Hudson Jr (Director)	$20,400	$0	$0
Leslie Peters (Director)	$20,100	$0	$0
Matt Thomas (Director)	$20,100	$0	$0
Davis Wingo (Director)	$20,100	$0	$0
Jack Bradshaw (Director)	$19,800	$0	$0
Jeff Tinnon (Director)	$18,800	$0	$0
Lawrence W Warren (Director)	$2,800	$0	$0

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990

Filed on Nov. 10, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$126,524,793

Expenses

$127,197,030

Net Income

-$672,237

Net Assets

$96,152,796

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$126,253,806	99.8%
Investment Income	$65,139	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$196,607	0.2%
Net Inventory Sales	$0
Other Revenue	$9,241	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,620,955	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,427,912	3.5%

Assets/Debt
Total Assets	$260,839,233
Total Liabilities	$164,686,437
Net Assets	$96,152,796

Club or Co-Op Income
Income From Members	$126,921,100
Income From Other Sources	$2,225,932

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Randy Wallace (General Manager)	$365,358	$0	$30,899
Matthew Ware (Operations Manager)	$195,224	$0	$28,873
William Mccrary (District Manager)	$149,633	$0	$25,222
Anthony Harris (District Manager)	$147,410	$0	$25,186
Jacob Morgan (System Engineer)	$145,781	$0	$23,722
Erik Lavine (System Engineer)	$144,990	$0	$23,790
George Cutrer (District Manager)	$140,178	$0	$25,212
Jody Thornton (Manager, Accounting & Finance)	$100,380	$0	$6,114
Hugh Gene Smith (President)	$27,100	$0	$0
Bf Hudson Jr (Director)	$26,100	$0	$0
Lavell Bond (Secretary/Treasurer)	$25,800	$0	$0
Matt Thomas (Director)	$25,200	$0	$0
Wa Kendrick (Director)	$24,300	$0	$0
Danny Wilks (Vice President)	$24,300	$0	$0
Jack Bradshaw (Director)	$21,900	$0	$0
Leslie Peters (Director)	$21,300	$0	$0
Lawrence W Warren (Director)	$18,000	$0	$0
Davis Wingo (Director)	$11,300	$0	$0
Byrus Hurt (Director)	$6,700	$0	$0

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990

Filed on Nov. 9, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$128,844,422

Expenses

$129,028,294

Net Income

-$183,872

Net Assets

$99,603,682

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$128,723,309	99.9%
Investment Income	$80,268	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$31,167	0.0%
Net Inventory Sales	$0
Other Revenue	$9,678	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$868,947	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,593,995	3.6%

Assets/Debt
Total Assets	$252,253,554
Total Liabilities	$152,649,872
Net Assets	$99,603,682

Club or Co-Op Income
Income From Members	$128,972,368
Income From Other Sources	$2,155,924

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Randy Wallace (General Manager)	$346,939	$0	$31,800
Matthew Ware (Operations Manager)	$174,440	$0	$34,214
Anthony Harris (District Manager)	$141,201	$0	$28,815
Kurt Brautigam (Member Services Manager)	$136,569	$0	$18,351
George Cutrer (District Manager)	$133,008	$0	$27,774
William Mccrary (District Manager)	$127,946	$0	$27,740
Keith Armstrong (Materials Manager)	$125,259	$0	$27,760
William Pittman (Former Financial Mgr)	$113,769	$0	$18,560
Hugh Gene Smith (President)	$27,100	$0	$0
Bf Hudson Jr (Director)	$26,100	$0	$0
Lavell Bond (Secretary/Treasurer)	$25,800	$0	$0
Matt Thomas (Director)	$25,200	$0	$0
Wa Kendrick (Director)	$24,300	$0	$0
Danny Wilks (Vice President)	$24,300	$0	$0
Jack Bradshaw (Director)	$21,900	$0	$0
Leslie Peters (Director)	$21,300	$0	$0
Byrus Hurt (Director)	$19,500	$0	$0
Lawrence W Warren (Director)	$18,000	$0	$0

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990

Filed on Nov. 13, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$128,499,857

Expenses

$128,060,698

Net Income

$439,159

Net Assets

$103,653,383

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$128,398,655	99.9%
Investment Income	$39,786	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$39,520	0.0%
Net Inventory Sales	$0
Other Revenue	$21,896	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,561,242	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,102,078	3.2%

Assets/Debt
Total Assets	$245,224,057
Total Liabilities	$141,570,674
Net Assets	$103,653,383

Club or Co-Op Income
Income From Members	$131,262,227
Income From Other Sources	$2,262,027

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Randy Wallace (General Manager)	$330,133	$0	$28,989
William Pittman (Financial Mgr)	$178,980	$0	$31,382
Matthew Ware (Operations Manager)	$166,807	$0	$33,046
Freda Dyess (Administrative Services Ma)	$150,447	$0	$20,439
Kurt Brautigam (Member Services Manager)	$131,643	$0	$16,870
Anthony Harris (District Manager)	$128,419	$0	$27,822
George Cutrer (District Manager)	$127,743	$0	$27,186
Keith Armstrong (Materials Manager)	$120,370	$0	$27,027
Jack Bradshaw (Director)	$25,300	$0	$0
Hugh Gene Smith (Vice President)	$25,000	$0	$0
Leslie Peters (Director)	$25,000	$0	$0
Lavell Bond (Director)	$24,100	$0	$0
Bf Hudson Jr (President)	$24,100	$0	$0
Danny Wilks (Secretary/Treasurer)	$23,800	$0	$0
Wa Kendrick (Director)	$23,200	$0	$0
Byrus Hurt (Director)	$20,500	$0	$0
Jj Shelton Iii (Director)	$19,600	$0	$0
Lawrence W Warren (Director)	$16,100	$0	$0

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990

Filed on Nov. 5, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$122,418,121

Expenses

$122,921,158

Net Income

-$503,037

Net Assets

$94,100,286

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$122,695,440	> 100%
Investment Income	$39,872	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$342,617
Net Inventory Sales	$0
Other Revenue	$25,426	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$989,136	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,953,399	4.8%

Assets/Debt
Total Assets	$236,164,926
Total Liabilities	$142,064,640
Net Assets	$94,100,286

Club or Co-Op Income
Income From Members	$121,391,741
Income From Other Sources	$1,867,066

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Randy Wallace (General Manager)	$315,244	$0	$28,469
William Pittman (Financial Mgr)	$159,035	$0	$29,454
Matthew Ware (Operations Manager)	$153,743	$0	$29,211
Kurt Brautigam (Member Services Manager)	$128,360	$0	$16,281
Anthony Harris (District Manager)	$126,016	$0	$26,843
George Cutrer (District Manager)	$125,140	$0	$26,915
Keith Armstrong (Materials Manager)	$117,251	$0	$25,870
Freda Dyess (Administrative Services Manager)	$113,327	$0	$16,871
Bf Hudson Jr (President)	$27,350	$0	$0
Hugh Gene Smith (Vice President)	$26,150	$0	$0
Lavell Bond (Director)	$24,950	$0	$0
Danny Wilks (Secretary/Treasurer)	$24,650	$0	$0
Wa Kendrick (Director)	$24,050	$0	$0
Jj Shelton Iii (Director)	$23,450	$0	$0
Leslie Peters (Director)	$22,850	$0	$0
Byrus Hurt (Director)	$19,150	$0	$0
Lawrence W Warren (Director)	$17,400	$0	$0
Jack Bradshaw (Director)	$16,300	$0	$0

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990

Filed on March 23, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$122,336,329

Expenses

$123,042,640

Net Income

-$706,311

Net Assets

$91,664,837

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$122,274,996	99.9%
Investment Income	$54,606	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$16,515
Net Inventory Sales	$0
Other Revenue	$23,242	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$738,727	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,976,679	4.9%

Assets/Debt
Total Assets	$233,658,940
Total Liabilities	$141,994,103
Net Assets	$91,664,837

Club or Co-Op Income
Income From Members	$120,643,859
Income From Other Sources	$2,269,817

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Randy Wallace (General Manager)	$293,728	$0	$40,634
William Pittman (Financial Mgr)	$147,705	$0	$26,238
Matthew Ware (Operations Manager)	$132,647	$0	$24,928
Kurt Brautigam (Member Services Manager)	$122,105	$0	$12,320
Anthony Harris (District Manager)	$120,717	$0	$24,621
George Cutrer (District Manager)	$118,478	$0	$21,506
Keith Armstrong (Materials Manager)	$112,907	$0	$24,514
Lavell Bond (Director)	$29,050	$0	$0
Bf Hudson Jr (President)	$26,472	$0	$0
Hugh Gene Smith (Vice President)	$25,850	$0	$0
Danny Wilks (Secretary/Treasurer)	$24,650	$0	$0
Jj Shelton Iii (Director)	$23,150	$0	$0
Wa Kendrick (Director)	$22,850	$0	$0
Leslie Peters (Director)	$22,550	$0	$0
Byrus Hurt (Director)	$20,950	$0	$0
Kelly Speights (Director)	$18,000	$0	$0
Lawrence W Warren (Director)	$16,900	$0	$0

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990

Filed on Feb. 18, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$130,531,922

Expenses

$130,300,633

Net Income

$231,289

Net Assets

$85,540,052

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$130,373,118	99.9%
Investment Income	$71,697	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$63,417	0.0%
Net Inventory Sales	$0
Other Revenue	$23,690	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$959,113	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,661,827	4.3%

Assets/Debt
Total Assets	$225,252,636
Total Liabilities	$139,712,584
Net Assets	$85,540,052

Club or Co-Op Income
Income From Members	$127,786,181
Income From Other Sources	$2,369,043

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Randy Wallace (General Manager)	$282,447	$0	$39,074
Sam Cain (Operations Manager)	$207,846	$0	$28,349
William Pittman (Financial Mgr)	$138,087	$0	$23,560
Matthew Ware (District Manager)	$119,622	$0	$23,449
Anthony Harris (District Manager)	$116,748	$0	$23,365
Keith Armstrong (Materials Manager)	$111,824	$0	$23,155
George Cutrer (District Manager)	$109,885	$0	$22,858
Freda Dyess (Administrative Services Ma)	$107,558	$0	$13,610
Bf Hudson Jr (President)	$25,850	$0	$0
Hugh Gene Smith (Vice President)	$24,950	$0	$0
Leslie Peters (Director)	$24,450	$0	$0
Lavell Bond (Director)	$24,350	$0	$0
Jj Shelton Iii (Director)	$24,050	$0	$0
Wa Kendrick (Director)	$24,050	$0	$0
Byrus Hurt (Director)	$23,750	$0	$0
Kelly Speights (Director)	$23,750	$0	$0
Danny Wilks (Secretary/Treasurer)	$23,750	$0	$0
Lawrence W Warren (Director)	$20,800	$0	$0

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990

Filed on Feb. 20, 2016

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2014

Revenue

$127,449,390

Expenses

$127,976,910

Net Income

-$527,520

Net Assets

$80,040,164

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$127,008,574	99.7%
Investment Income	$77,120	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$341,410	0.3%
Net Inventory Sales	$0
Other Revenue	$22,286	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$892,312	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,117,898	4.0%

Assets/Debt
Total Assets	$218,073,076
Total Liabilities	$138,032,912
Net Assets	$80,040,164

Club or Co-Op Income
Income From Members	$125,197,219
Income From Other Sources	$2,631,222

Compensation

Key Employees and Officers	Compensation	Related	Other
Randy Wallace (General Manager)	$266,942	$0	$38,291
Sam Cain (Operations Manager)	$197,457	$0	$25,738
William Pittman (Financial Mgr)	$120,768	$0	$20,616
Anthony Harris (District Manager)	$110,168	$0	$22,772
Matthew Ware (District Manager)	$108,998	$0	$22,351
Keith Armstrong (Materials Manager)	$105,761	$0	$22,774
Freda Dyess (Administrative Services Manager)	$102,907	$0	$13,248
George Cutrer (District Manager)	$100,512	$0	$22,895
Lavell Bond (Director)	$26,450	$0	$0
Bf Hudson Jr (Vice President)	$26,150	$0	$0
Hugh Gene Smith (Secretary/Treas)	$26,150	$0	$0
Wa Kendrick (Director)	$24,950	$0	$0
Danny Wilks (Director)	$24,050	$0	$0
Jj Shelton Iii (Director)	$23,750	$0	$0
Byrus Hurt (Director)	$23,750	$0	$0
Kelly Speights (Director)	$23,750	$0	$0
Lawrence W Warren (President)	$23,500	$0	$0

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990

Filed on Feb. 25, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$122,216,595

Expenses

$121,201,436

Net Income

$1,015,159

Net Assets

$84,775,271

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$122,114,704	99.9%
Investment Income	$73,741	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$5,290	0.0%
Net Inventory Sales	$0
Other Revenue	$22,860	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$842,364	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,134,695	4.2%

Assets/Debt
Total Assets	$214,993,439
Total Liabilities	$130,218,168
Net Assets	$84,775,271

Club or Co-Op Income
Income From Members	$118,895,506
Income From Other Sources	$2,157,879

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Randy Wallace (General Manager)	$254,228	$0	$35,870
Sam Cain (Operations Manager)	$186,977	$0	$26,394
William Pittman (Financial Mgr)	$109,656	$0	$19,591
Matthew Ware (District Manager)	$108,998	$0	$22,140
Hugh Gene Smith (Secretary/Treas)	$24,350	$0	$0
Jj Shelton Iii (Director)	$23,750	$0	$0
Byrus Hurt (Director)	$23,750	$0	$0
Lavell Bond (Director)	$23,750	$0	$0
Bf Hudson Jr (Vice President)	$23,450	$0	$0
Kelly Speights (Director)	$23,450	$0	$0
Danny Wilks (Director)	$23,450	$0	$0
Wa Kendrick (Director)	$23,150	$0	$0
Lawrence W Warren (President)	$20,550	$0	$0

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990

Filed on Feb. 22, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$122,460,532

Expenses

$122,103,429

Net Income

$357,103

Net Assets

$69,935,172

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$122,249,601	99.8%
Investment Income	$84,395	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$101,523	0.1%
Net Inventory Sales	$0
Other Revenue	$25,013	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$808,292	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,976,804	4.1%

Assets/Debt
Total Assets	$205,820,984
Total Liabilities	$135,885,812
Net Assets	$69,935,172

Club or Co-Op Income
Income From Members	$119,702,634
Income From Other Sources	$2,246,809

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$119,367,095

Expenses

$113,085,055

Net Income

$6,282,040

Net Assets

$63,172,178

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$119,084,415	99.8%
Investment Income	$255,376	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$6,195	0.0%
Net Inventory Sales	$0
Other Revenue	$21,109	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$776,016	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,841,533	4.3%

Assets/Debt
Total Assets	$201,289,953
Total Liabilities	$138,117,775
Net Assets	$63,172,178

Club or Co-Op Income
Income From Members	$117,099,370
Income From Other Sources	$2,254,945

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Pearl River Valley Electric Power Assn

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $150M (2023)

Expenses $150M (2023)

Total Assets $388M (2023)

Total Liabilities $249M (2023)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Revenue

$150M (2023)

Expenses

$150M (2023)

Total Assets

$388M (2023)

Total Liabilities

$249M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004