Southern Illinois Electric Cooperative
- Assets
- $88.8m
- Revenue
- $28.8m
- Investments
- $19.0m
- Employees
- 42
- Location
- Dongola, IL
- Founding
- 12/1942
- Data as of
- 12/2022
- EIN
- 37-0525125
Organization Overview
Southern Illinois Electric Cooperative is located in Dongola, IL. The organization was established in 1942. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Southern Illinois Electric Cooperative employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Illinois Electric Cooperative is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, Southern Illinois Electric Cooperative generated $28.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $28.8m during the year ending 12/2022. While expenses have increased by 0.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESPONSIBLY AND SAFELY PROVIDE SERVICES TO EMPOWER OUR MEMBERS AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF ELECTRIC ENERGY TO COOPERATIVE MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Littrell President | Trustee | 5.29 | $5,170 |
Randall Rushing Director | Trustee | 4.67 | $7,638 |
David Martin Director | Trustee | 1.54 | $6,110 |
Scott Miller Director | Trustee | 3.79 | $6,815 |
Lamar Houston Director | Trustee | 4.96 | $7,638 |
Scott Ury Vice President | Trustee | 8.17 | $5,993 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Asplundh Tree Expert Tree Trimming | 12/30/18 | $707,124 |
Nelson Tree Service Inc Line Clearance Services | 12/30/18 | $308,452 |
Henkels & Mccoy Infrastructure Construction | 12/30/18 | $769,338 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $27,861,898 |
| Investment income | $49,280 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $61,182 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,767,428 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,227,218 |
| Compensation of current officers, directors, key employees. | $436,805 |
| Compensation of current officers, directors, key employees. | $436,805 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,056,948 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $93,313 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $83,612 |
| Office expenses | $126,630 |
| Information technology | $117,207 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,389 |
| Interest | $1,354,653 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,867,295 |
| Insurance | $39,381 |
| All other expenses | $344,643 |
| Total functional expenses | $28,778,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $433,762 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,869,232 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $560,984 |
| Prepaid expenses and deferred charges | $104,606 |
| Net Land, buildings, and equipment | $65,869,293 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,000,651 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $88,838,528 |
| Accounts payable and accrued expenses | $4,817,900 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $29,455 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $31,906,261 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,414,616 |
| Total liabilities | $41,168,232 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $4,434,577 |
| Retained earnings, endowment, accumulated income, or other funds | $43,235,719 |
| Total liabilities and net assets/fund balances | $88,838,528 |