Beauregard Electric Cooperative Inc
- Assets
- $317.7m
- Revenue
- $130.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Deridder, LA
- Founding
- 02/1943
- Data as of
- 12/2021
- EIN
- 72-0128078
Organization Overview
Beauregard Electric Cooperative Inc is located in Deridder, LA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beauregard 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, Beauregard Electric Cooperative Inc generated $130.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $123.8m during the year ending 12/2021. While expenses have increased by 4.7% 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
SALE OF ELECTRICITY TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ELECTRICITY TO ITS RURAL MEMBERS WHICH TOTAL IN EXCESS OF THIRT-ONE THOUSAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Turner Exec VP Gm | Officer | 40 | $178,202 |
Scott Deshotel VP Operations | 40 | $128,405 | |
Ashley Mazilly VP Finance | 40 | $116,137 | |
Tyler Cobb Power Sys Engineer | 40 | $115,825 | |
Kevin Aycock VP Engineering | 40 | $110,578 | |
Lynn Johnson Lineman | 52 | $108,531 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C Farris And Sons Const Right Of Way | 12/30/21 | $863,400 |
Res System 3 Maintenance | 12/30/21 | $1,450,412 |
Hoffpauir Tree Service Right Of Way | 12/30/21 | $1,019,918 |
Echo Powerline Maintenance | 12/30/21 | $1,053,104 |
Sparks Energy Inc Maintenance | 12/30/21 | $1,644,418 |
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 | $126,727,890 |
| Investment income | $1,384,872 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $17,025 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,268 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $130,661,746 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $1,014,591 |
| 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 | $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 | $3,976,097 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,369,921 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $123,826,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,002,533 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,838,871 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,362,438 |
| Prepaid expenses and deferred charges | $44,919 |
| Net Land, buildings, and equipment | $198,392,026 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $7,721,891 |
| Intangible assets | $0 |
| Other assets | $7,347,842 |
| Total assets | $317,710,520 |
| Accounts payable and accrued expenses | $11,656,115 |
| 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 | $216,021,901 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $32,128,423 |
| Total liabilities | $259,806,439 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $160,640 |
| Paid-in or capital surplus, or land, building, or equipment fund | $164,870 |
| Retained earnings, endowment, accumulated income, or other funds | $57,578,571 |
| Total liabilities and net assets/fund balances | $317,710,520 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pedernales Electric Cooperative Inc Johnson City, TX | $2,029,870,184 | $830,415,690 |
Cooperative Energy A Mississippi Electric Cooperative Hattiesburg, MS | $2,085,034,483 | $800,776,225 |
Golden Spread Electric Cooperative Inc Amarillo, TX | $1,251,228,427 | $703,244,105 |
Denton County Electric Cooperative Inc Corinth, TX | $1,535,737,864 | $639,082,515 |
South Texas Electric Cooperative Inc Nursery, TX | $1,458,906,185 | $553,923,230 |
East Texas Electric Cooperative Inc Nacogdoches, TX | $1,118,534,652 | $504,330,746 |
Tri-County Electric Cooperative Inc Aledo, TX | $737,055,460 | $308,529,771 |
Northeast Texas Electric Coop Inc Longview, TX | $329,483,821 | $288,674,270 |
Magic Valley Electric Cooperative Inc Mercedes, TX | $542,158,549 | $266,758,522 |
Electric Reliability Council Of Texas Inc 10-10-90 Austin, TX | $3,229,605,813 | $252,635,175 |
Dixie Electric Membership Corporation Baton Rouge, LA | $725,178,434 | $239,155,259 |
Bluebonnet Electric Cooperative Inc Bastrop, TX | $657,902,626 | $247,741,918 |