Pedernales Electric Cooperative Inc is located in Johnson City, TX. 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, Pedernales Electric Cooperative Inc employed 919 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pedernales 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 12/2019, Pedernales Electric Cooperative Inc generated $621.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $621.8m 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 SAFE, RELIABLE AND LOW-COST ELECTRIC SERVICE TO THE 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 329,702 ACTIVE SERVICES AT YEAR END.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Julie Parsley Chief Executive Officer | Officer | 47 | $494,145 |
Don Ballard General Counsel | Officer | 50 | $428,393 |
Edward A Dauterive Chief Operations Officer | Officer | 65 | $427,566 |
Lawanda Parnell Chief Information Officer | Officer | 50 | $405,066 |
John Davis Chief Financial Officer | Officer | 46 | $390,165 |
Wayne Mckee VP - Operations | Officer | 60 | $362,390 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Hyde Construction Inc Construction | 12/30/19 | $3,754,068 |
Jrd Llc Construction | 12/30/19 | $3,492,083 |
Front Line Power Construction Llc Construction | 12/30/19 | $3,302,258 |
James Power Line Construction Electric Dist Line Construction | 12/30/19 | $7,320,837 |
T&d Solutions Llc Volt Power Llc Electric Dist Line Construction | 12/30/19 | $8,714,745 |
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 | $615,616,491 |
Investment income | $278,796 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $319,398 |
Net Gain/Loss on Asset Sales | $430,821 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $621,215,918 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $124,329 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $58,810,586 |
Compensation of current officers, directors, key employees. | $6,218,966 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $44,256,999 |
Pension plan accruals and contributions | $7,759,195 |
Other employee benefits | $7,047,735 |
Payroll taxes | $3,507,033 |
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 | $35,573,681 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $57,620,272 |
Insurance | $0 |
All other expenses | $5,552,773 |
Total functional expenses | $621,839,027 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $768,768 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $22,089,406 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $17,921,711 |
Prepaid expenses and deferred charges | $3,692,108 |
Net Land, buildings, and equipment | $1,647,409,726 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $14,853,345 |
Intangible assets | $0 |
Other assets | $101,268,828 |
Total assets | $1,808,003,892 |
Accounts payable and accrued expenses | $75,469,130 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $246,111 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $793,219,162 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $204,589,424 |
Total liabilities | $1,073,523,827 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $13,456,187 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $721,023,878 |
Total liabilities and net assets/fund balances | $1,808,003,892 |
Over the last fiscal year, we have identified 1 grants that Pedernales Electric Cooperative Inc has recieved totaling $105,608.
Awarding Organization | Amount |
---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: INTEGRITY FUND - TERRITORY THREAT | $105,608 |
Organization Name | Assets | Revenue |
---|---|---|
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 |
Northeast Texas Electric Coop Inc Longview, TX | $249,366,062 | $217,648,634 |