2013-11-14T08:18:28-06:00 2012-12-31 201941244 HORNE LLP 1020 HIGHLAND COLONY PKWY STE 400 RIDGELAND MS 39157 990 2012-01-01 640243969 SOUTHERN PINE ELECTRIC POWER ASSOCIATION SOUT 6017856455 P O BOX 60 TAYLORSVILLE MS 391680060 DONALD L JORDAN 6017856455 2013-09-30 1 AMIE T WHITTINGTON CPA P01082167 6013261000 2013-09-30 2012 2016-02-24 21:20:13Z DONALD L JORDAN P O BOX 60 TAYLORSVILLE MS 391680060 221047259 0 X WWW.SPEPA.COM X 1938 MS THE ASSOCIATION WAS ORGANIZED TO PROVIDE ELECTRICITY TO RURAL AND REMOTELY LOCATED MEMBERS WHO COULD NOT OTHERWISE OBTAIN ELECTRIC SERVICE. THIS HAS BEEN DONE OVER THE YEARS ON A SUCCESSFUL BASIS AND THE ASSOCIATION CONTINUES TO ACCOMPLISH THE PURPOSE FOR WHICH IT WAS ORGANIZED, PROVIDING ELECTRICITY TO A GROWING NUMBER OF SUCH MEMBERS. 12 12 287 0 0 0 0 0 215245328 220065441 883357 970719 1562 2947 216130247 221039107 0 71739 0 0 4226810 4571041 0 0 0 192691627 193173712 196918437 197816492 19211810 23222615 336369240 374069782 133713494 152062084 202655746 222007698 THE AIM OF SOUTHERN PINE ELECTRIC POWER ASSOCIATION IS TO MAKE RELIABLE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT. 0 0 THE ASSOCIATION PROVIDED 1,959,063,832 KWH OF ELECTRICITY TO AN AVERAGE OF 65,473 HOMES, BUSINESSES AND OTHER FACILITIES OVER 10,171 MILES OF LINE DURING THE TWELVE MONTHS ENDED 12/31/2012. 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 44 0 1 287 1 0 0 0 0 0 0 0 210750610 10288497 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ANN SUSAN HAMM 6017856511 110 RISHER STREET TAYLORSVILLE MS 391685555 MIMS BERRY 21.00 X 40106 0 8034 CHARLES LOWE 22.00 X 41413 0 9523 HASKINS MONTGOMERY 18.00 X 33848 0 5486 BILLY R PARISH 17.00 X 33431 0 8034 LONNIE THIGPEN 16.00 X 30520 0 0 DAVID TADLOCK 13.00 X 25132 0 9523 CHARLES WALDRUP 20.00 X 38890 0 5486 BILLY M BERRY 21.00 X X 39975 0 7185 RICHARD THOMS 21.00 X X 40614 0 5486 MARCUS MARTIN 18.00 X X 35099 0 5486 JEFF BOWMAN 23.00 X 44084 0 0 GREG SULLIVAN 20.00 X 38485 0 8034 DONALD L JORDAN 60.00 X 270212 0 50887 711809 0 123164 1 0 1 0 CARSON LINE SERVICE INC 172 LOWER MYRICK RD LAUREL MS 39443 RIGHT-OF-WAY CLEARING 1428450 MDR CONSTRUCTION INC 53 OGDEN CENTER RD SPENCERPORT NY 14559 UTILITY LINE CONSTRUCTION 913230 BUSH CONTRUCTION CO INC 1987 BUSH DAIRY RD LAUREL MS 39443 RIGHT-OF-WAY CLEARING 831918 W A KENDALL & COMPANY PO BOX 831 LAWRENCEVILLE GA 30046 ROW CLEARING/SPRAYING 612840 ASPLUNDH TREE EXPERT CO 708 BLAIR MILL RD WILLOW GROVE PA 19090 RIGHT-OF-WAY CLEARING 295804 9 SALE OF ELECTRICITY 221000 210750610 210750610 G & T CAPITAL CREDITS & MISC 221000 9310034 9310034 MISCELLANEOUS REVENUE 221000 4797 4797 220065441 856272 856272 122599 8152 114447 114447 114447 2947 0 2947 2947 221039107 210755407 0 10283700 71739 711809 3818305 40927 279812 208372 1092894 5909997 9556252 PURCHASED POWER 155146916 DISTRIBUTION MAINTENANC 9731572 CONSUMER ACCOUNTS EXPEN 3884257 DISTRIBUTION OPERATIONS 3387243 3976397 197816492 2464549 3055807 4119000 23099000 23273505 23483879 5195008 5477404 3156157 396337 337763222 92314646 238374652 245448576 54355665 63213603 5430704 9895176 336369240 374069782 9478111 26563610 3270 3270 124232113 125495204 133713494 152062084 X 332160 332445 153165 153165 202170421 221522088 202655746 222007698 336369240 374069782 X 23222615 -3870663 X X 0 1 X 1 0 448565 448565 9838516 2692541 7145975 19063268 5217162 13846106 308412873 84404943 224007930 245448576 INVESTMENTS IN ASSOCIATED ORGANIZATIONS 62670158 C VARIOUS OTHER SECURITIES 543445 F 63213603 X 221036160 0 221036160 2947 2947 221039107 197813545 0 197813545 2947 2947 197816492 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM INCOME TAXES UNDER THE UNITED STATES INTERNAL REVENUE CODE SECTION 501(C)(12), AS LONG AS 85 PERCENT OR MORE OF THE INCOME CONSISTS OF AMOUNTS COLLECTED FROM MEMBERS FOR THE SOLE PURPOSE OF MEETING LOSSES AND EXPENSES. DURING FISCAL YEARS 2012 AND 2011, THE ASSOCIATION WAS NOT REQUIRED TO PAY INCOME TAXES. THE ASSOCIATION HAS DETERMINED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2012 AND 2011. TAX PERIODS FOR ALL FISCAL YEARS AFTER 2008 REMAIN OPEN TO EXAMINATION BY THE FEDERAL AND STATE TAXING JURISDICTIONS TO WHICH THE ASSOCIATION IS SUBJECT. THE ASSOCIATION HAS DETERMINED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2012 AND 2011. TAX PERIODS FOR ALL FISCAL YEARS AFTER 2007 REMAIN OPEN TO EXAMINATION BY THE FEDERAL AND STATE TAXING JURISDICTIONS TO WHICH THE ASSOCIATION IS SUBJECT. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE NETTED WITH EXPENSES ON FINANCIAL STATEMENTS 2,947. PART XII, LINE 4B - OTHER ADJUSTMENTS: REVENUE NETTED WITH EXPENSES ON FINANCIAL STATEMENTS 2,947. 1 MID-MISSISSIPPI DEVELOPMENT DISTRICT PO BOX 119 NEWTON MS 39345 GOVT 5000 SUPPORT OF ORGANIZATION'S ACTIVITIES MISSISSIPPI BURN FOUNDATION 161 PINE RIDGE CIRCLE BRANDON MS 39047 640592734 501(C)(3) 21188 CHARITABLE SUPPORT 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: GRANTS ARE GIVEN TO GOVERNMENTAL AND TAX EXEMPT ENTITIES, ONLY. X X 0 0 0 DONALD L JORDAN 239444 0 0 0 30768 0 39796 0 11091 0 321099 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THERE ARE NO SEPARATE CLASSES OF MEMBERS AND EACH MEMBER IS ENTITLED TO CAST ONE VOTE IN THE ELECTION OF BOARD MEMBERS OR ANY OTHER MATTERS THAT MAY BE BROUGHT BEFORE THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THERE ARE NO SEPARATE CLASSES OF MEMBERS AND EACH MEMBER IS ENTITLED TO CAST ONE VOTE IN THE ELECTION OF BOARD MEMBERS OR ANY OTHER MATTERS THAT MAY BE BROUGHT BEFORE THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B THERE ARE NO SEPARATE CLASSES OF MEMBERS AND EACH MEMBER IS ENTITLED TO CAST ONE VOTE IN THE ELECTION OF BOARD MEMBERS OR ANY OTHER MATTERS THAT MAY BE BROUGHT BEFORE THE MEMBERSHIP. ASSOCIATION MEMBERS MUST APPROVE ANY DISPOSITION OF ASSETS IN AN AMOUNT GREATER THAN TEN PERCENT (10%) OF THE VALUE OF THE ASSOCIATION AND ANY OTHER ITEMS OUTLINED IN THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS OF SOUTHERN PINE EPA. THE GENERAL MANAGER DISCUSSES THE FORM WITH THE BOARD AT A REGULAR BOARD MEETING. THE 2012 FORM 990 WILL BE PRESENTED TO THE BOARD AT THE OCTOBER 2013 MEETING AT WHICH TIME IT WILL BE DISCUSSED IN DETAIL. FORM 990, PART VI, SECTION B, LINE 12C THE GENERAL MANAGER REVIEWS THE CONFLICT OF INTEREST POLICY WITH THE BOARD OF DIRECTORS TO INSURE COMPLIANCE. THIS IS DONE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE CEO IS DETERMINED ANNUALLY BY THE BOARD OF DIRECTORS USING COMPENSATION STUDIES PREPARED BY INDEPENDENT CONSULTANTS. THE CEO DETERMINES THE COMPENSATION OF OTHER EMPLOYEES UTILIZING THE SAME STUDIES AS ABOVE. FORM 990, PART VI, SECTION C, LINE 19 ANY AND ALL DOCUMENTS, POLICIES, MINUTES, AND OTHER RECORDS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST DURING NORMAL BUSINESS HOURS AT THE OFFICE OF THE ASSOCIATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -3,870,948. CHANGE IN MEMBERSHIP EQUITIES 285. AUDIT COMMITTEE FORM 990, PART XII, LINE 2C SOUTHERN PINE ELECTRIC POWER ASSOCIATION DOES HAVE AN AUDIT COMMITTEE THAT OVERSEES THE AUDIT PROCESS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.