South Texas Electric Cooperative Inc

Organization Overview

South Texas Electric Cooperative Inc is located in Nursery, TX. The organization was established in 1964. 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, South Texas Electric Cooperative Inc employed 288 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Texas 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, South Texas Electric Cooperative Inc generated $525.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $576.6m during the year ending 12/2019. While expenses have increased by 3.3% 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

RURAL UTILITY SERVICE COOPERATIVE FOR GENERATION AND TRANSMISSION OF ELECTRICITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SOUTH TEXAS ELECTRIC COOPERATIVE, INC. (STEC) IS ORGANIZED FOR THE PURPOSE OF GENERATING AND TRANSMITTING ELECTRIC POWER. STEC HAS EIGHT (8) MEMBER COOPERATIVES. STEC SELLS ITS POWER PURSUANT TO WHOLESALE POWER CONTRACTS WITH ITS MEMBER-CUSTOMERS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lambda Construction Ltd
Construction
$7,811,734
Wartsila
Construction
$4,095,190
Hyundai Power Transformers Usa Inc
Construction
$3,494,702
Foothills Energy Services Inc
Construction
$3,492,916
Volt Power Llc
Construction
$4,461,421
View All Vendors

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$523,204,705
Investment income $1,731,736
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,169
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $525,803,887

Grants Recieved

Over the last fiscal year, we have identified 1 grants that South Texas Electric Cooperative Inc has recieved totaling $125,000.

Awarding OrganizationAmount
National Rural Utilities Cooperative Finance Corp

Dulles, VA

PURPOSE: INTEGRITY FUND - TERRITORY THREAT

$125,000
View Grant Recipient Profile

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