South Louisiana Electric Cooperative Association
- Assets
- $243.8m
- Revenue
- $8.8m
- Investments
- $10.9m
- Employees
- 96
- Location
- Houma, LA
- Founding
- 12/1942
- Data as of
- 12/2022
- EIN
- 72-0320746
Organization Overview
South Louisiana Electric Cooperative Association is located in Houma, LA. The organization was established in 1942. 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, South Louisiana Electric Cooperative Association employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Louisiana Electric Cooperative Association 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, South Louisiana Electric Cooperative Association generated $8.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $8.5m during the year ending 12/2022. While expenses have increased by 9.3% 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
SOUTH LOUISIANA ELECTRIC COOPERATIVE ASSOCIATION WAS ORGANIZED AS A MEMBERSHIP COOPERATIVE TO PROVIDE ELECTRICTY TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SLECA PROVIDED ELECTRIC UTILITY SERVICE TO APPROXIMATELY 16,500 MEMBERS DURING THE YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Doyle President | OfficerTrustee | 5 | $38,920 |
David Luke Vice President | OfficerTrustee | 5 | $50,565 |
Brian Rivet Secretary | OfficerTrustee | 7 | $39,465 |
Terry Trahan Treasurer | OfficerTrustee | 4 | $50,784 |
Lloyd Gibson Advisor | Trustee | 4 | $34,774 |
Eroy Acosta Director | Trustee | 5 | $50,562 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sparks Energy Inc Maintenance | 12/30/22 | $31,253,953 |
Gresco Utility Supply Inc Maintenance | 12/30/22 | $3,994,879 |
Event Solutions Of Louisiana Rentals | 12/30/22 | $3,953,156 |
Arkansas Electric Coop Corp Maintenance | 12/30/22 | $4,657,871 |
Looks Great Services Of Ms Storm/tree Services | 12/30/22 | $2,846,928 |
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 | $0 |
| Investment income | $64,804 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $363,152 |
| Net Gain/Loss on Asset Sales | $67,109 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,750,063 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,791,328 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,795 |
| 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. | $718,373 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $647,824 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $146,926 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,177 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $175,834 |
| Advertising and promotion | $0 |
| Office expenses | $453,383 |
| 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 | $5,463,695 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $116,120 |
| All other expenses | $19,238 |
| Total functional expenses | $8,502,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,461,779 |
| Savings and temporary cash investments | $596,012 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,208,296 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,546,896 |
| Prepaid expenses and deferred charges | $2,941,467 |
| Net Land, buildings, and equipment | $211,522,232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,928,841 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $594,050 |
| Total assets | $243,799,573 |
| Accounts payable and accrued expenses | $7,277,432 |
| 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 | $166,341,014 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,956,997 |
| Total liabilities | $194,575,443 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $49,224,130 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $243,799,573 |