Sam Rayburn G&T Electric Cooperative Inc
- Assets
- $0.0
- Revenue
- $132.2m
- Investments
- $1.2m
- Employees
- 0
- Location
- Nacogdoches, TX
- Founding
- Data as of
- 12/2017
- EIN
- 74-2124046
Organization Overview
Sam Rayburn G&T Electric Cooperative Inc is located in Nacogdoches, TX. Sam Rayburn G&T 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 12/2017, Sam Rayburn G&T Electric Cooperative Inc generated $132.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $133.6m during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 3 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
SALE OF WHOLESALE POWER TO ITS THREE MEMBERS ON A COOPERATIVE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES WHOLESALE POWER TO ITS THREE MEMBER DISTRIBUTION COOPERATIVES, WHO EACH PROVIDE POWER TO THEIR RESPECTIVE RETAIL MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Emmons Director | Trustee | 5 | $13,000 |
Kathi Calvert Secretary | OfficerTrustee | 1 | $0 |
Kennon Kellum Director | Trustee | 3 | $12,000 |
Paul Simmons Director | Trustee | 6 | $13,000 |
Mark Tamplin Vp/director | OfficerTrustee | 1 | $0 |
Don Boyett Director | Trustee | 4 | $13,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Holland & Knight Llp Legal Services | 12/30/17 | $446,600 |
Gds Associates Engineer Consultants | 12/30/17 | $351,054 |
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 | $132,054,509 |
| Investment income | $97,067 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $132,151,576 |
| 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 | $3,003,000 |
| Compensation of current officers, directors, key employees. | $77,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $179,474 |
| Fees for services: Legal | $444,437 |
| Fees for services: Accounting | $89,616 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $353,345 |
| Advertising and promotion | $0 |
| Office expenses | $2,429 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,702 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,285,530 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,085,041 |
| Insurance | $20,539 |
| All other expenses | $105,415 |
| Total functional expenses | $133,569,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,012 |
| Savings and temporary cash investments | $896,806 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,953,947 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,777,683 |
| Prepaid expenses and deferred charges | $4,429 |
| Net Land, buildings, and equipment | $21,331,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,164,279 |
| Investments—program-related | $51,802,817 |
| Intangible assets | $0 |
| Other assets | -$97,986,553 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $11,741,839 |
| 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 | $14,673,113 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$26,414,952 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |