NonprofitsSouthwest Mississippi Electric

Southwest Mississippi Electric

LORMAN, MS

Total revenue

$65.7M

Total expenses

$65.7M

Net assets

$69.8M

Grants received

$604K

1 grants

EIN

640244325

Tax year

2024

Mission

Member owned electric cooperative.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$64.2M
Investment income$193K
Other revenue$1.3M
Total revenue$65.7M

Expenses

Grants paid
Salaries & benefits$627K
Fundraising
Other expenses$63.5M
Total expenses$65.7M
Total assets$139.8M
Net assets$69.8M

People

17 listed

NameRoleCompensation

KEVIN BONDS

CEO

Board

$315K

40 hrs/wk

VIRGIL SCOTT

MGR OF ACCOU

Board

$130K

40 hrs/wk

STANLEY RUCKER

PRESIDENT

Board

$14K

6 hrs/wk

PAUL ARNOLD

DIRECTOR

Board

$9K

5 hrs/wk

BETSY MOSBY

SECRETARY

Board

$8K

4.5 hrs/wk

DIANE DAVAUL

DIRECTOR

Board

$7K

4.5 hrs/wk

ROBERT JONES

DIRECTOR

Board

$7K

4 hrs/wk

RANDY WOOLEY

VICE PRESIDE

Board

$7K

4 hrs/wk

JOHN BRADY

ASSIST SECRE

Board

$7K

4 hrs/wk

JAMES A VENTRESS

DIRECTOR

Board

$7K

4 hrs/wk

EDWARD EDWARDS

DIRECTOR

Board

$6K

4 hrs/wk

MARK PHILLIP MAHER

DIRECTOR

Board

$6K

4 hrs/wk

WILLIAM NEWELL

SERVICEMAN

Staff

$178K

40 hrs/wk

ERNEST ORCUTT

SERVICEMAN

Staff

$150K

40 hrs/wk

DARRYL HASSELL

MGR OF ENGIN

Staff

$146K

40 hrs/wk

KEVIN COTTEN

MGR. OF OPER

Staff

$130K

40 hrs/wk

THOMAS J FLOYD

CREW LEADER

Staff

$126K

40 hrs/wk

Independent contractors

GOOD HOPE RECOVERY LLC

ROW CLEARING

$3.9M

KILLEN CONTRACTORS INC

CONSTRUCTION

$1.8M

SOUTHERN TREE SERVICE

R.O.W. CLEARING

$660K

MDR CONSTRUCTION INC

CONTRUCTION

$417K

CHEMPRO SERVICES INC

R.O.W. SPRAYING

$303K

Grants received

Showing 1 of 1

FromAmountPurposeYear
$604K
ECONOMIC DEVELOPMENT
2022

Funded by

$604K from 1 funder · 1 grant · 2022

Cooperative Energy

$604K · 1 grant · 2022

Details

EIN640244325
Subsection12
Ruling date1943-02
Formed1937
Employees95
SOUTHWEST MISSISSIPPI ELECTRIC — Mission, Financials & Grants Received | Grantivo