North East Mississippi Electric Power Association
501(c)(12)
100% goes to programs Strong reserves
North East Mississippi Electric Power Association is a 501(c)(12) organization based in Oxford, Mississippi, registered in 1937, with $87,054,193 in FY2023 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
1389 Cooperative Way, Oxford, MS, 38655 EIN 64-0214575 Since 1937
Revenue (FY2023)
$87.1M
▼ 1.7% vs prior year
Expenses (FY2023)
$84.5M
Net assets
$82.3M
Employees
89
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For North East Mississippi Electric Power Association: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For North East Mississippi Electric Power Association: 12 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For North East Mississippi Electric Power Association: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For North East Mississippi Electric Power Association: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide electric utility services to members in north east mississippi.
Contact & location
- Address
- 1389 Cooperative Way, Oxford, MS, 38655
- City
- Oxford
- State
- Mississippi
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $16.6M (FY2014) to $87.1M (FY2023) across 9 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $125.3MNet assets $82.3M
Operating margin
2.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$207.6M
Total liabilities
$125.3M
Net assets
$82.3M
Salaries & benefits
$0
0% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $87,054,193▼1.7% | $84,504,122▲1.2% | $82,276,186▲4.0% | $207,583,262▲4.7% | 990 |
| 2022 | $88,576,202▲8.5% | $83,510,055▲11.4% | $79,147,480▲6.8% | $198,172,510▲5.8% | 990 |
| 2021 | $81,626,434▲6.1% | $74,973,065▲9.4% | $74,077,683▲9.9% | $187,264,914▲10.9% | 990 |
| 2020 | $76,928,810▲190% | $68,535,695▲342% | $67,404,252▲20.3% | $168,857,500▲26.9% | 990 |
| 2018 | $26,564,843▲39.2% | $15,497,883▲4.9% | $56,042,724▲24.6% | $133,095,717▲11.5% | 990 |
| 2017 | $19,086,260▲7.6% | $14,769,042▲7.4% | $44,975,764▲25.8% | $119,316,255▲9.3% | 990 |
| 2016 | $17,746,298▲5.9% | $13,757,030▲5.4% | $35,739,482▲12.6% | $109,191,232▲2.8% | 990 |
| 2015 | $16,753,642▲0.6% | $13,056,471▲7.0% | $31,739,054▼17.1% | $106,227,797▲8.1% | 990 |
| 2014 | $16,647,277 | $12,201,932 | $38,294,183 | $98,306,699 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Keith Hayward — $287,155 (0.34% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Keith Hayward | Ceo | 40 | $287,155 |
| Walker R Abel | Ceo - Fiber | 40 | $173,940 |
| Jason Long | Operations Engineer | 40 | $144,381 |
| Justin Smith | Manager of Engineering | 40 | $133,723 |
| Jim Mcclure | Manager of System Operations & Loss Control | 40 | $130,757 |
| Aaron Burns | Safety Coodinator | 40 | $125,813 |
| John W Davis | President | 10 | $15,400 |
| Gene Hartley | Vice President | 5 | $13,200 |
| J R Gallagher | Secretary/treasurer | 5 | $13,000 |
| Danny Russell | Director | 5 | $12,000 |
| James Downs | Director | 5 | $12,000 |
| James Herod | Director | 5 | $12,000 |
| John Briscoe | Director | 5 | $12,000 |
| Mickey Clayton | Director | 5 | $12,000 |
| Billy R Brown | Director | 5 | $11,600 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| National On Demand | Construction | $2,836,517 |
| Chancellor | Construction | $2,088,250 |
| Kendall & Company Inc | Right of Way Clearing | $745,030 |
| S & S Line Service | Right of Way Clearing | $745,030 |
| Southern Electric Corporation | Construction | $638,426 |
Frequently asked questions
- Is North East Mississippi Electric Power Association a legitimate nonprofit?
- Yes. North East Mississippi Electric Power Association is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 64-0214575, based in Oxford, Mississippi.
- What is North East Mississippi Electric Power Association's EIN?
- North East Mississippi Electric Power Association's Employer Identification Number (EIN) is 64-0214575.
- How much revenue does North East Mississippi Electric Power Association report?
- North East Mississippi Electric Power Association reported $87,054,193 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of North East Mississippi Electric Power Association's spending goes to programs?
- North East Mississippi Electric Power Association spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does North East Mississippi Electric Power Association have?
- CharityIndex grades North East Mississippi Electric Power Association A, based on program efficiency and fundraising cost.
- How much does North East Mississippi Electric Power Association's highest-paid employee make?
- The highest reported compensation on North East Mississippi Electric Power Association's latest Form 990 is $287,155, paid to Keith Hayward (Ceo).
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Data for North East Mississippi Electric Power Association (EIN 64-0214575) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.