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Employer Identification Number 64-0195613

MAGNOLIA ELECTRIC POWER ASSOCIATION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:MAGNOLIA ELECTRIC POWER ASSOCIATION
Employer identification number (EIN):64-0195613
EIN Issuing AuthorityPhiladelphia, PA
NAIC Classification:221100
401k Pension/Benefits registration MAGNOLIA ELECTRIC POWER ASSOCIATION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code
State of IncorporationMississippi, MS

Organization Overview

Mission StatementMEMBER OWNED ELECTRIC COOPERATIVE.
Number of Employees103
Year Formed1938

Organization Governance

Legal DomicileMS
Voting Members - Governing Body9
Voting Members - Independent9

Organization Financials

2024-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 85,348,342
Program Service Revenue from current yearUSD $ 90,801,824
Investment Income from prior yearUSD $ 447,356
Investment Income from current yearUSD $ 459,812
Other Revenue from prior yearUSD $ 1,742,240
Other Revenue from current yearUSD $ 1,598,484
Gross receipts from all sourcesUSD $ 92,932,039
Net assets / fund balances at end of fiscal yearUSD $ 111,699,189
Net assets / fund balances at beginning of fiscal yearUSD $ 109,800,622
Total liabilities at end of fiscal yearUSD $ 105,528,696
Total liabilities at beginning of fiscal yearUSD $ 94,841,338
Total assets at end of fiscal yearUSD $ 217,227,885
Total assets at beginning of fiscal yearUSD $ 204,641,960
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 92,860,120
Total expenses for previous yearUSD $ 87,537,938
Other expenses in current yearUSD $ 87,362,183
Other expenses in previous yearUSD $ 84,019,110
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 802,893
Employee salary and benefits paid in previous yearUSD $ 784,220
Benefits paid to or for members in current yearUSD $ 4,695,044
Benefits paid to or for members in previous yearUSD $ 2,734,608
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 92,860,120
Total revenue in previous fiscal yearUSD $ 87,537,938
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 1,598,484
2022-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 74,827,628
Program Service Revenue from current yearUSD $ 81,503,275
Investment Income from prior yearUSD $ 677,455
Investment Income from current yearUSD $ 274,467
Other Revenue from prior yearUSD $ 1,499,595
Other Revenue from current yearUSD $ 1,593,040
Gross receipts from all sourcesUSD $ 83,468,728
Net assets / fund balances at end of fiscal yearUSD $ 108,761,032
Net assets / fund balances at beginning of fiscal yearUSD $ 108,830,665
Total liabilities at end of fiscal yearUSD $ 89,981,351
Total liabilities at beginning of fiscal yearUSD $ 91,018,108
Total assets at end of fiscal yearUSD $ 198,742,383
Total assets at beginning of fiscal yearUSD $ 199,848,773
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 83,370,782
Total expenses for previous yearUSD $ 77,004,678
Other expenses in current yearUSD $ 82,041,295
Other expenses in previous yearUSD $ 72,884,755
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 717,200
Employee salary and benefits paid in previous yearUSD $ 672,703
Benefits paid to or for members in current yearUSD $ 612,287
Benefits paid to or for members in previous yearUSD $ 3,447,220
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 83,370,782
Total revenue in previous fiscal yearUSD $ 77,004,678
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 1,593,040
2021-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 74,737,677
Program Service Revenue from current yearUSD $ 74,827,628
Investment Income from prior yearUSD $ 621,253
Investment Income from current yearUSD $ 677,455
Other Revenue from prior yearUSD $ 1,558,141
Other Revenue from current yearUSD $ 1,499,595
Gross receipts from all sourcesUSD $ 77,577,346
Net assets / fund balances at end of fiscal yearUSD $ 108,830,665
Net assets / fund balances at beginning of fiscal yearUSD $ 106,959,243
Total liabilities at end of fiscal yearUSD $ 91,018,108
Total liabilities at beginning of fiscal yearUSD $ 88,448,431
Total assets at end of fiscal yearUSD $ 199,848,773
Total assets at beginning of fiscal yearUSD $ 195,407,674
Revenues less expenses for current yearUSD $ 0
Revenues less expenses for previous yearUSD $ -8,329
Total expenses for current yearUSD $ 77,004,678
Total expenses for previous yearUSD $ 76,925,400
Other expenses in current yearUSD $ 72,884,755
Other expenses in previous yearUSD $ 71,133,773
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 672,703
Employee salary and benefits paid in previous yearUSD $ 1,436,972
Benefits paid to or for members in current yearUSD $ 3,447,220
Benefits paid to or for members in previous yearUSD $ 4,354,655
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 77,004,678
Total revenue in previous fiscal yearUSD $ 76,917,071
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 1,499,595
2020-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 77,151,078
Program Service Revenue from current yearUSD $ 74,737,677
Investment Income from prior yearUSD $ 745,643
Investment Income from current yearUSD $ 621,253
Other Revenue from prior yearUSD $ 1,639,799
Other Revenue from current yearUSD $ 1,558,141
Gross receipts from all sourcesUSD $ 77,235,744
Net assets / fund balances at end of fiscal yearUSD $ 106,959,243
Net assets / fund balances at beginning of fiscal yearUSD $ 104,356,715
Total liabilities at end of fiscal yearUSD $ 88,448,431
Total liabilities at beginning of fiscal yearUSD $ 81,628,499
Total assets at end of fiscal yearUSD $ 195,407,674
Total assets at beginning of fiscal yearUSD $ 185,985,214
Revenues less expenses for current yearUSD $ -8,329
Revenues less expenses for previous yearUSD $ -82,589
Total expenses for current yearUSD $ 76,925,400
Total expenses for previous yearUSD $ 79,619,109
Other expenses in current yearUSD $ 71,133,773
Other expenses in previous yearUSD $ 75,302,033
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,436,972
Employee salary and benefits paid in previous yearUSD $ 1,106,242
Benefits paid to or for members in current yearUSD $ 4,354,655
Benefits paid to or for members in previous yearUSD $ 3,210,834
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 76,917,071
Total revenue in previous fiscal yearUSD $ 79,536,520
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 1,558,141
2019-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 77,987,293
Program Service Revenue from current yearUSD $ 77,151,078
Investment Income from prior yearUSD $ 1,053,262
Investment Income from current yearUSD $ 745,643
Other Revenue from prior yearUSD $ 2,125,982
Other Revenue from current yearUSD $ 1,639,799
Gross receipts from all sourcesUSD $ 79,700,990
Net assets / fund balances at end of fiscal yearUSD $ 104,356,715
Net assets / fund balances at beginning of fiscal yearUSD $ 102,379,461
Total liabilities at end of fiscal yearUSD $ 81,628,499
Total liabilities at beginning of fiscal yearUSD $ 74,643,549
Total assets at end of fiscal yearUSD $ 185,985,214
Total assets at beginning of fiscal yearUSD $ 177,023,010
Revenues less expenses for current yearUSD $ -82,589
Revenues less expenses for previous yearUSD $ -2,608
Total expenses for current yearUSD $ 79,619,109
Total expenses for previous yearUSD $ 81,169,145
Other expenses in current yearUSD $ 75,302,033
Other expenses in previous yearUSD $ 75,721,410
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,106,242
Employee salary and benefits paid in previous yearUSD $ 954,066
Benefits paid to or for members in current yearUSD $ 3,210,834
Benefits paid to or for members in previous yearUSD $ 4,493,669
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 79,536,520
Total revenue in previous fiscal yearUSD $ 81,166,537
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 1,639,799
2018-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 70,373,574
Program Service Revenue from current yearUSD $ 77,987,293
Investment Income from prior yearUSD $ 987,971
Investment Income from current yearUSD $ 1,053,262
Other Revenue from prior yearUSD $ 1,588,042
Other Revenue from current yearUSD $ 2,125,982
Gross receipts from all sourcesUSD $ 81,268,087
Net assets / fund balances at end of fiscal yearUSD $ 102,379,461
Net assets / fund balances at beginning of fiscal yearUSD $ 99,816,571
Total liabilities at end of fiscal yearUSD $ 74,643,549
Total liabilities at beginning of fiscal yearUSD $ 74,445,444
Total assets at end of fiscal yearUSD $ 177,023,010
Total assets at beginning of fiscal yearUSD $ 174,262,015
Revenues less expenses for current yearUSD $ -2,608
Revenues less expenses for previous yearUSD $ 4,934
Total expenses for current yearUSD $ 81,169,145
Total expenses for previous yearUSD $ 72,944,653
Other expenses in current yearUSD $ 75,721,410
Other expenses in previous yearUSD $ 70,311,891
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 954,066
Employee salary and benefits paid in previous yearUSD $ 905,633
Benefits paid to or for members in current yearUSD $ 4,493,669
Benefits paid to or for members in previous yearUSD $ 1,727,129
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 81,166,537
Total revenue in previous fiscal yearUSD $ 72,949,587
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 2,125,982
2017-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 75,513,418
Program Service Revenue from current yearUSD $ 70,373,574
Investment Income from prior yearUSD $ 845,948
Investment Income from current yearUSD $ 987,971
Other Revenue from prior yearUSD $ 1,665,182
Other Revenue from current yearUSD $ 1,588,042
Gross receipts from all sourcesUSD $ 73,203,004
Net assets / fund balances at end of fiscal yearUSD $ 99,816,571
Net assets / fund balances at beginning of fiscal yearUSD $ 96,584,082
Total liabilities at end of fiscal yearUSD $ 74,445,444
Total liabilities at beginning of fiscal yearUSD $ 73,708,155
Total assets at end of fiscal yearUSD $ 174,262,015
Total assets at beginning of fiscal yearUSD $ 170,292,237
Revenues less expenses for current yearUSD $ 4,934
Revenues less expenses for previous yearUSD $ -171,737
Total expenses for current yearUSD $ 72,944,653
Total expenses for previous yearUSD $ 78,196,285
Other expenses in current yearUSD $ 70,311,891
Other expenses in previous yearUSD $ 70,913,630
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 905,633
Employee salary and benefits paid in previous yearUSD $ 560,056
Benefits paid to or for members in current yearUSD $ 1,727,129
Benefits paid to or for members in previous yearUSD $ 6,722,599
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 72,949,587
Total revenue in previous fiscal yearUSD $ 78,024,548
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 1,588,042
2016-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 89,582,862
Program Service Revenue from current yearUSD $ 75,513,418
Investment Income from prior yearUSD $ 1,014,651
Investment Income from current yearUSD $ 845,948
Other Revenue from prior yearUSD $ 2,070,851
Other Revenue from current yearUSD $ 1,665,182
Gross receipts from all sourcesUSD $ 78,024,548
Net assets / fund balances at end of fiscal yearUSD $ 96,584,082
Net assets / fund balances at beginning of fiscal yearUSD $ 93,029,783
Total liabilities at end of fiscal yearUSD $ 73,708,155
Total liabilities at beginning of fiscal yearUSD $ 70,996,051
Total assets at end of fiscal yearUSD $ 170,292,237
Total assets at beginning of fiscal yearUSD $ 164,025,834
Revenues less expenses for current yearUSD $ -171,737
Revenues less expenses for previous yearUSD $ -13,226
Total expenses for current yearUSD $ 78,196,285
Total expenses for previous yearUSD $ 92,681,590
Other expenses in current yearUSD $ 70,913,630
Other expenses in previous yearUSD $ 81,932,220
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 560,056
Employee salary and benefits paid in previous yearUSD $ 727,318
Benefits paid to or for members in current yearUSD $ 6,722,599
Benefits paid to or for members in previous yearUSD $ 10,022,052
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 78,024,548
Total revenue in previous fiscal yearUSD $ 92,668,364
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 1,665,182
2015-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 87,394,114
Program Service Revenue from current yearUSD $ 89,582,862
Investment Income from prior yearUSD $ 833,873
Investment Income from current yearUSD $ 1,014,651
Other Revenue from prior yearUSD $ 2,157,539
Other Revenue from current yearUSD $ 2,070,851
Gross receipts from all sourcesUSD $ 92,730,278
Net assets / fund balances at end of fiscal yearUSD $ 93,029,783
Net assets / fund balances at beginning of fiscal yearUSD $ 85,481,958
Total liabilities at end of fiscal yearUSD $ 70,996,051
Total liabilities at beginning of fiscal yearUSD $ 72,157,552
Total assets at end of fiscal yearUSD $ 164,025,834
Total assets at beginning of fiscal yearUSD $ 157,639,510
Revenues less expenses for current yearUSD $ -13,226
Total expenses for current yearUSD $ 92,681,590
Total expenses for previous yearUSD $ 90,385,526
Other expenses in current yearUSD $ 81,932,220
Other expenses in previous yearUSD $ 83,301,456
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 727,318
Employee salary and benefits paid in previous yearUSD $ 696,167
Benefits paid to or for members in current yearUSD $ 10,022,052
Benefits paid to or for members in previous yearUSD $ 6,387,903
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 92,668,364
Total revenue in previous fiscal yearUSD $ 90,385,526
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 2,070,851
2014-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 84,136,888
Program Service Revenue from current yearUSD $ 87,394,114
Investment Income from prior yearUSD $ 661,842
Investment Income from current yearUSD $ 833,873
Other Revenue from prior yearUSD $ 2,593,875
Other Revenue from current yearUSD $ 2,157,539
Gross receipts from all sourcesUSD $ 90,385,526
Net assets / fund balances at end of fiscal yearUSD $ 85,481,958
Net assets / fund balances at beginning of fiscal yearUSD $ 80,599,165
Total liabilities at end of fiscal yearUSD $ 72,157,552
Total liabilities at beginning of fiscal yearUSD $ 63,800,387
Total assets at end of fiscal yearUSD $ 157,639,510
Total assets at beginning of fiscal yearUSD $ 144,399,552
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 90,385,526
Total expenses for previous yearUSD $ 87,392,605
Other expenses in current yearUSD $ 83,301,456
Other expenses in previous yearUSD $ 79,707,075
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 696,167
Employee salary and benefits paid in previous yearUSD $ 602,237
Benefits paid to or for members in current yearUSD $ 6,387,903
Benefits paid to or for members in previous yearUSD $ 7,083,293
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 90,385,526
Total revenue in previous fiscal yearUSD $ 87,392,605
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 2,157,539

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 640195613

USA Location Address
3012 HIGHWAY 98E
MCCOMB
MS
39648
Date first seen: 2007-01-01
Date last seen: 2025-12-31
USA Location Address
3027 HWY 98 WEST
SUMMIT
MS
39666
Date first seen: 2008-01-01
Date last seen: 2025-12-31
USA Location Address
PO BOX 747
MCCOMB
MS
39649
Date first seen: 2010-07-01
Date last seen: 2025-12-31
USA Mailing Address
P.O. BOX 747
MCCOMB
MS
396490747
Date first seen: 2010-10-07
Date last seen: 2010-10-07
401k Sponsor USA Address
3027 HIGHWAY 98 WEST
SUMMIT
MS
39666
Date first seen: 2008-01-01
Date last seen: 2025-07-29

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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