Dixie Electric Membership Corporation
- Assets
- $737.9m
- Revenue
- $317.0m
- Investments
- $0.0
- Employees
- 279
- Location
- Baton Rouge, LA
- Founding
- 05/1940
- Data as of
- 12/2022
- EIN
- 72-0170797
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 12/2022, Dixie Electric Membership Corporation employed 279 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 12/2022, Dixie Electric Membership Corporation generated $317.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $308.9m during the year ending 12/2022. While expenses have increased by 5.4% 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
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 115,977 ACTIVE SERVICES AT YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Falks Director | Trustee | 2.6 | $39,240 |
Richard Sitman Director | Trustee | 2.5 | $38,190 |
Daniel Berthelot President | OfficerTrustee | 3.1 | $37,440 |
Randy Lorio Vice President | OfficerTrustee | 2.5 | $35,665 |
Steve Irving Director | Trustee | 2 | $34,015 |
Edward Delee Director | Trustee | 1.5 | $33,865 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arnold Trucking Inc Debris Removal | 12/30/22 | $11,693,656 |
V-tech Inc Electrical/materials Contractor | 12/30/22 | $5,339,937 |
Stuart Irby Co Electrical/materials Contractor | 12/30/22 | $6,139,379 |
Creel Brothers Inc Electrical/materials Contractor | 12/30/22 | $4,639,778 |
Res System 3 Llc Electrical/materials Contractor | 12/30/22 | $4,405,407 |
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 | $314,891,056 |
| Investment income | $144,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $140,543 |
| 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 | -$845 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $316,976,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $1,470,996 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,427,734 |
| Pension plan accruals and contributions | $2,912,599 |
| Other employee benefits | $8,862,541 |
| Payroll taxes | $1,027,982 |
| 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 | $16,588,819 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,734,720 |
| Insurance | $0 |
| All other expenses | $9,829,930 |
| Total functional expenses | $308,931,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,114,366 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,241,899 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $270,304 |
| Inventories for sale or use | $8,383,208 |
| Prepaid expenses and deferred charges | $14,355,785 |
| Net Land, buildings, and equipment | $623,096,772 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $12,154,020 |
| Intangible assets | $0 |
| Other assets | $45,253,970 |
| Total assets | $737,870,324 |
| Accounts payable and accrued expenses | $51,275,081 |
| 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 | $521,408,355 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,892,613 |
| Total liabilities | $618,576,049 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $374,625 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $118,919,650 |
| Total liabilities and net assets/fund balances | $737,870,324 |