Southeastern Electric Cooperative Inc

Organization Overview

Southeastern Electric Cooperative Inc is located in Marion, SD. The organization was established in 2000. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Southeastern Electric Cooperative Inc employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeastern Electric Cooperative Inc 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 12/2021, Southeastern Electric Cooperative Inc generated $71.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $71.6m during the year ending 12/2021. While expenses have increased by 3.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING ELECTRIC SERVICE TO MEMBER-CONSUMERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING ELECTRIC SERVICE TO APPROXIMATELY 16,800 MEMBER-CONSUMERS OVER 4,400 MILES OF LINE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Summit Utility Services Llc
Locating Services
$123,377
Dave's Construction Inc
Utility Construction
$2,668,556
View All Vendors

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$71,527,908
Investment income $84,969
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$713
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $3,619
Miscellaneous Revenue$0
Total Revenue $71,615,783

Grants Awarded

Over the last fiscal year, Southeastern Electric Cooperative Inc has awarded $14,166 in support to 2 organizations.

Grant RecipientAmount

SOUTH DAKOTA STATE FAIR FOUNDATION

Org PageRecipient Profile

Huron, SD

PURPOSE: DAKOTA EVENTS COMPLEX

$7,500

FORWARD SIOUX FALLS

PURPOSE: GENERAL SUPPORT

$6,666
View Grant Profile

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