Southern Rivers Energy
- Assets
- $129.9m
- Revenue
- $45.6m
- Investments
- $0.0
- Employees
- 63
- Location
- Barnesville, GA
- Founding
- 07/1943
- Data as of
- 12/2021
- EIN
- 58-0319365
Organization Overview
Southern Rivers Energy is located in Barnesville, GA. The organization was established in 1943. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 12/2021, Southern Rivers Energy employed 63 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Rivers Energy 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, Southern Rivers Energy generated $45.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $45.6m during the year ending 12/2021. While expenses have increased by 1.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mcmillan President/ce | Officer | 50 | $314,092 |
Charles J Lowery VP Fin & Adm | 50 | $234,963 | |
Steve Caison COO | 50 | $187,550 | |
Donald Jones Const/maint | 50 | $127,816 | |
Robert D Hall Service Supe | 50 | $126,705 | |
Timothy L Thompson Crew Leader | 50 | $118,410 |
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 | $45,480,327 |
| Investment income | $129,580 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $45,634,427 |
| 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 | $1,387,863 |
| Compensation of current officers, directors, key employees. | $542,951 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $99,366 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,109,629 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $1,575,533 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,416,694 |
| Insurance | $0 |
| All other expenses | $2,084,877 |
| Total functional expenses | $45,634,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,281,621 |
| Savings and temporary cash investments | $31,084,117 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,234,634 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,450,530 |
| Prepaid expenses and deferred charges | $326,845 |
| Net Land, buildings, and equipment | $83,225,550 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,248,003 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $129,851,300 |
| Accounts payable and accrued expenses | $3,983,020 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $66,199,861 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,168,886 |
| Total liabilities | $83,351,767 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $82,095 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $46,417,438 |
| Total liabilities and net assets/fund balances | $129,851,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Rivers Energy Barnesville, GA | $129,851,300 | $45,634,427 |
Mori Legacy Foundation Inc Royal Palm Beach, FL | $23,614,675 | $122,550 |
Greening Youth Foundation Inc Atlanta, GA | $1,792,286 | $8,338,989 |
Childrens Case Management Organization Inc West Palm Beach, FL | $2,156,193 | $5,546,089 |
Daniel Jonathan Stowe Conservancy Belmont, NC | $13,640,571 | $4,015,970 |
Tampa Bay History Center Inc Tampa, FL | $25,001,585 | $2,345,488 |
Southeastern Wildlife Exposition Inc Charleston, SC | $3,351,200 | $3,798,479 |
Florida Wildlife Corridor Inc St Petersburg, FL | $5,770,366 | $4,481,390 |
Alabama Bass Trail Decatur, AL | $1,555,262 | $1,639,283 |
Conservatives For Clean Energy Inc Raleigh, NC | $0 | $1,008,283 |
American Mathematical Association Of Two Year Colleges Inc Memphis, TN | $2,684,131 | $920,073 |
Associated General Contractors Of America Inc Florida East Coast West Palm Beach, FL | $397,800 | $581,292 |