2024-05-01T13:57:53-05:00 2023-06-30 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2022-07-01 640211938 Natchez Trace Electric Power Association NATC 6624563037 P O Box 609 Houston MS 38851 Shawn Edmondson General Manager 6624563037 2024-04-30 1 Shawn Edmondson 999009999 0 Patrick Cooper P00856177 3348347660 2024-04-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Shawn Edmondson PO Box 609 Houston MS 38851 42385821 0 X www.ntepa.com X 1939 MS Electric Power Distributor 9 9 80 0 1637897 0 0 0 39818286 42066679 80359 319142 0 0 39898645 42385821 0 0 1385797 0 357451 425749 0 0 0 36508659 40197632 38251907 40623381 1646738 1762440 104995468 114135871 41647477 49275272 63347991 64860599 The mission of Natchez Trace Electric Power Association shall be to provide highly reliable energy service to its member-owners at the lowest cost possible, consistent with sound business practices. 0 0 40623381 39239611 To provide electricity and related services to approximately 11,800 members residing within its service area. 40623381 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 18 0 80 0 1 1 0 0 0 0 0 0 39011077 2115362 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Miller Dendy 6624563037 PO Box 609 Houston MS 38851 Jimmy Ball Vice President 2.00 X X 9500 0 0 Danny Ellison Director 2.00 X 9500 0 0 Sheila Freely Director 2.00 X 9500 0 0 Robert Harrington Director 2.00 X 9500 0 0 Joe Hays Secretary 2.00 X X 10000 0 0 Kenneth Linton Director 2.00 X 9500 0 0 Michael Wade Director 2.00 X 9500 0 0 Terry Wills President 2.00 X X 9500 0 0 Earline Wilson Director 2.00 X 9500 0 0 Shawn Edmondson General Manager 55.00 X 153194 0 40850 Miller Dendy CFO 55.00 X 111296 0 34409 Matt Hodges System Engineer 50.00 X 101934 0 30041 Daryl Love District Manager 50.00 X 100360 0 31311 552784 0 136611 4 0 1 0 Danae Horton 2898 Hwy 346 Pontotoc MS 38863 Financial planning and accounting servic 129603 1 Electricity Sales 221000 38433135 38433135 Other Income 221000 1665785 98098 1567687 Pole Attachments 221000 1259381 1259381 Penalties 221000 244313 244313 CIAC 221000 235531 235531 228534 228534 42066679 319142 70210 248932 42385821 39239611 1637897 1508313 X 425749 1611188 4037646 Purchased Power 28229904 Matintenance Expense 2862675 Distribution Expense 1342077 Customer Accounts 1045045 1069097 40623381 1192162 1975651 4928694 4224421 2510578 3148870 1253698 1021976 6806562 6489260 141784078 43365728 89547086 98418350 -1260837 -1160267 17525 17610 104995468 114135871 5437746 3974625 36853 58966 32501926 41598198 3670952 3643483 41647477 49275272 X 0 0 0 0 63347991 64860599 63347991 64860599 104995468 114135871 X 1762440 -249832 X 0 1 X 1 0 1177903 1177903 1348607 696456 652151 36435773 7534299 28901474 102821795 35134973 67686822 98418350 Customer deposits 2035119 Post retirement benefits 1597590 Advances for energy conservation 10774 3643483 X Part X, Line 2: The Agency believes it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The Agency's Form 990's are subject to examination by the Internal Revenue Service generally for three years after they were filed. X X 0 0 0 Shawn Edmondson General Manager 153194 0 0 0 0 0 26943 0 13907 0 194044 0 0 0 Form 990, Part VI, Section A, line 6 The Cooperative does have members. Form 990, Part VI, Section A, line 7a Board members serve a three year term. Each year three members are elected by the members of the association. Form 990, Part VI, Section A, line 7b The business and affairs of the organization are managed by the Board of Directors which exercises all of the powers of the organization except such as are by law, or by the Certificate of Incorporation of the organization, or by the bylaws conferred upon or reserved to the members. The organization's bylaws include certain provisions in which a majority of the membership would need to approve such transactions. An example would be decisions to sell, lease, or otherwise dispose of more than ten percent of the organization's property. Form 990, Part VI, Section B, line 11b Management reviews the 990 for reasonableness prior to providing a copy to the BOD. Form 990, Part VI, Section B, line 12c Possible conflicts of interest are updated annually. Form 990, Part VI, Section B, line 15 Board of Directors approve salaries on an annual basis using industry data that establishes salary medians. Form 990, Part VI, Section C, line 18 Bylaws are handed out with each new membership request and are also available on our website. Our Articles of Incorporation and any other applicable governing policy are available by request. Financials are reported annually to our members at the Annual Meeting and in an Annual mailout. Form 990, Part VI, Section C, line 19 Upon request. Form 990, Part IX, Line 4 The instructions to the Form 990 indicate that organizations exempt under Section 501(c)(12) should report patronage dividends paid to their members in Part IX, Line 4 for the Form 990. Natchez Trace Electric Power Association has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. Therefore, the amount listed in Part IX, Line 4 represents the margins that were assigned to the members for the fiscal year ended June 30, 2023. Form 990, Part XI, line 9: Other changes to net assets 23. Margins allocated to members 0. Change in memberships 740. Loss from subsidiary -15,064. CIAC -235,531. NT Spark LLC PO Box 609 Houston MS 38851 852452115 Electric Power Distributor MS Natchez Trace Electric Power Association C 5109944 1203381 1.00000 1 1 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 NT Spark LLC A 1637897 Cash disbursements NT Spark LLC D 613441 Cash disbursements NT Spark LLC N 300702 Joint cost allocation NT Spark LLC O 200474 Time allocation