Dixie Electric Cooperative
- Assets
- $157.7m
- Revenue
- $75.4m
- Investments
- $1.6m
- Employees
- 100
- Location
- Montgomery, AL
- Founding
- 10/1943
- Data as of
- 12/2022
- EIN
- 63-0059155
Organization Overview
Dixie Electric Cooperative is located in Montgomery, AL. The organization was established in 1943. 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, Dixie Electric Cooperative employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dixie 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, Dixie Electric Cooperative generated $75.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $73.9m during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 8 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
DIXIE ELECTRIC COOPERATIVE IS COMMITTED TO SAFELY PROVIDING ITS MEMBER- OWNERS WITH ECONOMICAL AND RELIABLE ELECTRIC POWER AND RELATED SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ELECTRIC SERVICE TO AN AVERAGE OF 26,041 MEMBER-OWNERS WITHIN ITS EIGHT COUNTY SERVICE TERRITORY LOCATED IN CENTRAL ALABAMA, INCLUDING BULLOCK, MACON AND MONTGOMERY COUNTIES.
ALLOCATION OF TRUSTEE AND KEY EMPLOYEE SALARY EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Callaway Chairman | OfficerTrustee | 6 | $39,150 |
James Sikes Vice Chairma | OfficerTrustee | 3 | $24,750 |
Kim Jackson Secretary/tr | OfficerTrustee | 5 | $31,250 |
Albert J Perry Trustee | Trustee | 5 | $30,250 |
John P Livings Trustee | Trustee | 3 | $24,250 |
Jimmy Ellis Secretary/tr | OfficerTrustee | 6 | $35,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
South States Electric Pole Changes | 12/30/22 | $901,935 |
Meridian Comp. Support | 12/30/22 | $739,384 |
Htc Llc Row Clearing | 12/30/22 | $342,128 |
Harper Electrical Construction Construction | 12/30/22 | $200,674 |
Gds Associates Inc Consulting | 12/30/22 | $123,199 |
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 | $73,783,069 |
| Investment income | $1,266,781 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $270,302 |
| 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 | $75,421,397 |
| 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 | $950,493 |
| Compensation of current officers, directors, key employees. | $843,556 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $893,521 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| 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 | $0 |
| 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 | $2,223,088 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,576,223 |
| Insurance | $0 |
| All other expenses | $6,963,203 |
| Total functional expenses | $73,943,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,855,447 |
| Savings and temporary cash investments | $936,113 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,730,283 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,628 |
| Inventories for sale or use | $2,064,867 |
| Prepaid expenses and deferred charges | $274,310 |
| Net Land, buildings, and equipment | $117,280,912 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,576,861 |
| Investments—program-related | $26,943,563 |
| Intangible assets | $0 |
| Other assets | $8,555 |
| Total assets | $157,673,539 |
| Accounts payable and accrued expenses | $10,540,541 |
| 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 | $66,142,768 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,792,942 |
| Total liabilities | $89,476,251 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $68,197,288 |
| Total liabilities and net assets/fund balances | $157,673,539 |