2013-03-12T16:14:32-07:00 2012-12-31 Nicholson & Company PLLC P O Drawer 15099 Hattiesburg MS 394045099 990 2012-01-01 640219645 PEARL RIVER VALLEY ELECTRIC POWER ASSOCIATION PEAR 6017362666 POST OFFICE BOX 1217 COLUMBIA MS 39429 RANDY WALLACE 2013-03-12 true Susan A Riley CPA P00144776 6012643519 2012 2016-02-25 16:41:14Z RANDY WALLACE POST OFFICE BOX 1216 COLUMBIA MS 39429 122505489 false false X www.prvepa.com X 1938 MS THE ASSOCIATION'S MISSION IS TO PROVIDE ELECTRIC POWER TO RESIDENTIAL AND COMMERICAL CONSUMERS. 9 0 141 0 0 119084415 122249601 261571 185918 21109 25013 119367095 122460532 0 8807708 9617410 11092777 0 0 103467645 102202944 113085055 122103429 6282040 357103 201289953 205820984 138117775 135885812 63172178 69935172 THE ASSOCIATION'S MISSION IS TO PROVIDE ELECTRIC POWER TO RESIDENTIAL AND COMMERICAL CONSUMERS. false false 122249601 PRVEPA PROVIDED ELECTRIC POWER TO 47,241 CONSUMERS DURING 2012. false false false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false true false false false false false false false false false false false true 17 0 true 141 true false false false false false false false false false 119702634 2246809 false false false X 9 0 false false false false true true false true true false false true true true true false true true true false X RANDY WALLACE 6017362666 HIGHWAY 13 NORTH COLUMBIA MS 39429 DANNY WILKS 10.00 0.00 X 21650 0 0 LAWRENCE W WARREN 2.00 0.00 X 18450 0 0 KELLY SPEIGHTS 6.00 0.00 X 20500 0 0 HUGH GENE SMITH 7.00 0.00 X 22200 0 0 BF HUDSON JR 7.00 0.00 X 22700 0 0 LAVELL BOND 8.00 0.00 X 23000 0 0 WA KENDRICK 10.00 0.00 X 22700 0 0 BYRUS HURT 8.00 0.00 X 21400 0 0 JJ SHELTON III 3.00 0.00 X 18950 0 0 WILLIAM PITTMAN 50.00 0.00 X 106036 0 19279 RANDY WALLACE 50.00 0.00 X 247114 0 37700 SAM CAIN 50.00 0.00 X 183635 0 22978 MATTHEW WARE 40.00 0.00 X 107266 0 21811 835601 101768 4 false true false MDR CONSTRUCTION 621 E BAYLIS CHAPEL ROAD COLUMBIA MS 39429 CONSTRUCTION 378531 MB TECHNICAL SERVICES 2301-B TERRY RD JACKSON MS 39204 SYSTEM MAPPING 186282 M & M Line Clearance PO BOX 505 LAUREL MS 39441 RIGHT OF WAY MAINT 1530485 LOOKS GREAT SERVICES 259 RIVER ROAD COLUMBIA MS 39429 RIGHT OF WAY MAINT 752010 DUNGAN ENGINEERING PO BOX 150 COLUMBIA MS 39429 CIVIL ENGINEERING 271260 9 0 PATRONAGE CREDITS 5841104 5841104 ELECTRIC SALES MEMBER 115359474 115359474 ELECTRIC PLANT LEASED 151000 151000 COMMON USE POLE RENTAL 898023 898023 122249601 84395 84395 0 0 0 146480 44957 101523 101523 101523 0 0 0 SURGE PROTECTOR SALES MISCELLANEOUS INCOME 6939 6939 METER SOCKET SALES 18074 18074 25013 122460532 122460532 0 0 0 8807708 8807708 808292 0 4976804 2744042 2107074 456565 0 53599 88658 0 0 0 0 0 599179 0 0 0 94408 0 0 5281793 0 5513729 0 CONSUMER RECORDS & COLLECTION 719561 MAINTENANCE OF OVERHEAD LINES 923615 MAINTENANCE OF RIGHT-OF-WAY 2158592 COST OF PURCHASED POWER 83862259 2907551 122103429 8807708 0 0 5613395 2286653 0 0 12530930 12938900 0 0 0 2762032 2718575 435961 297596 210544764 61352006 146668357 149192758 0 0 0 0 33279278 38386502 201289953 205820984 27111361 28910119 107153561 103137864 3852853 3837829 138117775 135885812 X 336425 332655 608057 608057 62227696 68994460 63172178 69935172 201289953 205820984 X 357103 6405891 X false true X true true true 210544764 61352006 149192758 149192758 PATRONAGE CAPITAL 37586649 INTEREST & DIVIDEND INCOME REC 799853 38386502 UNEARNED LEASE INCOME 9417 UNAMORTIZED GAIN ON REACQUIRED DEBT 527915 OTHER LIABILITY-UNDERFUNDED POST RETIRE 351407 CURRENT PORTION-UNDERFUNDED POST RET 84825 CONSUMER DEPOSITS 2864265 3837829 X 122449418 122449418 11114 11114 122460532 113147672 113147672 8955757 8955757 122103429 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S AMORT OF GAIN OF L. T. DEBT $136935 COST OF SURGE PROTECTOR EQUIPMENT $94 COST OF METER SOCKET LEASED $11020 Patronage Capital Dstrib to Members $8807708 Part XI, Line 4b Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S COST OF SURGE PROTECTOR EQUIPMENT $94 COST OF METER SOCKET LEASED $11020 Part X Part X : FIN48 Footnote On January 1, 2010, the Association adopted the provisions of FASB ASC 740, Income Taxes. FASB ASC 740 clarifies the accounting for uncertainty in tax positions and the recognition of such income tax positions taken or expected to be taken in the Association's income tax returns. The Association's income tax returns are subject to examination by the IRS, generally for three years after they were filed. In evaluating the Association's tax positions, the Association believes their estimates are appropriate based on current fact and circumstances and that no uncertain positions were taken. X X false false false SAM CAIN 183635 12795 10183 206613 RANDY WALLACE 247114 27517 10183 284814 Hanco Construction Co Relative 163840 Building Renovation false The Company that renovated a facility of the Association was owned by the son of a Board director. Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases Gain on Reacquisition of Debt = $136935 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Increases Difference between Patronage Capital Paid and Allocated = $6698911 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Decreases Defined benefit plan net loss = -$426184 Form 990, Part XI, Line 9 Other Changes In Net Assets Or Fund Balances - Other Decreases Decrease in Memberships = -$3771 Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Governing documents, conflict of interest policy, and financial statements are made available to the public on request. Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees The compensation of the General Manager is determined by using comparability data and is approved by the Board of Directors. The compensation of other officers and key employees is determined using comparability data,is inititally approved and recommended by the General Manager, and is then given final approval by the Board of Directors. Form 990, Part VI, Line 12c Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts A questionnaire is sent annually to all employees requesting information regarding possible conflicts of interest. These questionnaires are reviewed by the General Manager. Form 990, Part VI, Line 11b Form 990, Part VI, Line 11b: Form 990 Review Process The Manager of Accounting and Financial Services provides the independent auditors with information used in preparing the Form 990. The completed form is then reviewed by the Manager of Accounting and Financial Services and by the General Manager. The General Manager then presents the Form 990 to the Board of Directors for their review.