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Filing year 2024

Southern Pine Electric Cooperative

Taylorsville, Mississippi·EIN 64-0243969·501(c)(12)
Total revenue
$239.5M
Total assets
$544.8M
Total expenses
$239.5M
Reported officers
21
Mission

The mission of Southern Pine Electric's Board of Directors and employees is to enhance the quality of life of our members and community by safely providing reliable electric energy at an affordable price.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 21 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President / CEO
Above 90th percentile
$566k
$600k
Base
$381k
Bonus
Other
$8k
Benefits
$19k
VP of Engineering
Board Vice President
Above 90th percentile
$343k
$364k
Base
$226k
Bonus
Other
$7k
Benefits
$16k
VP of Operations
Board Vice President
75th to 90th percentile
$297k
$315k
Base
$230k
Bonus
Other
$7k
Benefits
$13k
VP of Communications & Gov
Board Vice President
75th to 90th percentile
$283k
$300k
Base
$203k
Bonus
Other
$6k
Benefits
$9k
Chief Financial Officer
Above 90th percentile
$275k
$292k
Base
$233k
Bonus
Other
$13k
Benefits
$10k
VP of Administration
Board Vice President
75th to 90th percentile
$262k
$278k
Base
$220k
Bonus
Other
$8k
Benefits
$15k
Director of Plant and Faci
Highest Compensated Employee
75th to 90th percentile
$246k
$261k
Base
$171k
Bonus
Other
$1k
Benefits
$15k
Director of Supply Chain
Highest Compensated Employee
Median to 75th percentile
$217k
$230k
Base
$154k
Bonus
Other
$929
Benefits
$11k
Director
Board Member
Median to 75th percentile
$47k
$50k
Director
Board Member
Median to 75th percentile
$44k
$47k
Chariman/director
Officer (Unspecified)
$40k
$43k
Secretary/director
Officer (Unspecified)
$36k
$38k
Director
Board Member
Median to 75th percentile
$36k
$38k
Vice-chairman/director
Officer (Unspecified)
$32k
$34k
Director
Board Member
Median to 75th percentile
$32k
$34k
Director
Board Member
Median to 75th percentile
$31k
$33k
Director
Board Member
Median to 75th percentile
$31k
$33k
Director
Board Member
Median to 75th percentile
$31k
$32k
Director
Board Member
Median to 75th percentile
$28k
$30k
Director
Board Member
Median to 75th percentile
$21k
$23k
Director
Board Member
Median to 75th percentile
$19k
$20k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 10%
from 2023

From $516k in 2023 to $566k in 2024.

$516k
2023
$566k
2024
In today's dollarsEst.
Up 7% in real terms$563k to $600k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 10% from 2023 to 2024, while revenue rose 4%.

$516k in 2023 to $566k in 2024.
  • Board Vice President pay rose 14% from 2023 to 2024.
  • Chief Financial Officer pay rose 16% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Southern Pine Electric Cooperative reported revenue and expenses across 2 filing years.

RevenueExpenses
$230.7M
$230.7M
2023
$239.5M
$239.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about Southern Pine Electric Cooperative

What does the Chief Executive Officer of Southern Pine Electric Cooperative earn?

In 2024, the Chief Executive Officer of Southern Pine Electric Cooperative received $565,619 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Southern Pine Electric Cooperative compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at Southern Pine Electric Cooperative falls in the top 10%.

What are Southern Pine Electric Cooperative's revenue and expenses?

In 2024, Southern Pine Electric Cooperative reported $239.5M in total revenue and $239.5M in total expenses on its IRS Form 990.

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