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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Randall Peirce CEO & General Manager | Officer | 50 | $323,802 |
Michael Johnson VP Finance | Officer | 50 | $178,373 |
Ryan Vandersypen VP Engineering | Officer | 40 | $168,799 |
Phil Zito Projects Manager | 40 | $147,757 | |
Esther Tapia Compliance Manager | 40 | $139,772 | |
Patrick Mansfield It Manager | 40 | $132,985 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Abc Professional Tree Service Tree Cutting | 12/30/19 | $3,937,218 |
V-tech Inc Line Construction | 12/30/19 | $3,124,794 |
Ca-par Electric Line Construction | 12/30/19 | $2,647,167 |
Linetec Services Inc Line Construction | 12/30/19 | $2,180,078 |
Ellis Electric Co Inc Line Construction | 12/30/19 | $1,964,525 |
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 |
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 | $1,330,498 |
Compensation of current officers, directors, key employees. | $1,208,764 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $12,985,973 |
Pension plan accruals and contributions | $2,337,873 |
Other employee benefits | $8,641,179 |
Payroll taxes | $869,200 |
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 | $14,412,515 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $20,763,997 |
Insurance | $0 |
All other expenses | $8,819,909 |
Total functional expenses | $212,635,663 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,380,085 |
Savings and temporary cash investments | $8,600,000 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $14,974,365 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $212,443 |
Inventories for sale or use | $4,144,416 |
Prepaid expenses and deferred charges | $12,955,377 |
Net Land, buildings, and equipment | $521,097,407 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $12,147,230 |
Intangible assets | $0 |
Other assets | $51,773,873 |
Total assets | $631,285,196 |
Accounts payable and accrued expenses | $19,686,000 |
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 | $426,782,435 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $61,599,739 |
Total liabilities | $508,068,174 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $457,070 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $122,759,952 |
Total liabilities and net assets/fund balances | $631,285,196 |
Organization Name | Assets | Revenue |
---|---|---|
Cooperative Energy A Mississippi Electric Cooperative Hattiesburg, MS | $1,931,402,055 | $771,252,916 |
Pedernales Electric Cooperative Inc Johnson City, TX | $1,808,003,892 | $621,215,918 |
South Texas Electric Cooperative Inc Nursery, TX | $1,404,192,450 | $525,803,887 |
Denton County Electric Cooperative Inc Corinth, TX | $1,336,367,088 | $559,966,199 |
Rayburn Country Electric Cooperative Inc Rockwall, TX | $450,181,484 | $369,113,869 |
East Texas Electric Cooperative Inc Nacogdoches, TX | $1,042,127,187 | $337,586,474 |
Golden Spread Electric Cooperative Inc Amarillo, TX | $1,105,215,137 | $342,796,786 |
Tri-County Electric Cooperative Inc Aledo, TX | $596,876,863 | $268,674,913 |
Magic Valley Electric Cooperative Inc Mercedes, TX | $492,236,085 | $237,932,929 |
Southwest Louisiana Electric Lafayette, LA | $470,481,035 | $236,191,537 |
Electric Reliability Council Of Texas Inc 10-10-90 Austin, TX | $1,750,295,213 | $260,219,816 |
Bluebonnet Electric Cooperative Inc Bastrop, TX | $571,072,083 | $223,080,010 |
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