Dixie Electric Membership Corporation

Organization Overview

Dixie Electric Membership Corporation is located in Baton Rouge, LA. The organization was established in 1940. 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 12/2019, Dixie Electric Membership Corporation employed 255 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dixie Electric Membership Corporation 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 12/2019, Dixie Electric Membership Corporation generated $213.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $212.6m during the year ending 12/2019. While expenses have increased by 0.9% per year over the past 5 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

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 111,777 ACTIVE SERVICES AT YEAR END.


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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$210,745,088
Investment income $699,551
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $135,457
Net Gain/Loss on Asset Sales $447
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $228
Miscellaneous Revenue$0
Total Revenue $213,360,066

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