Southern Rivers Energy
- Assets
- $145.8m
- Revenue
- $54.9m
- Investments
- $0.0
- Employees
- 69
- Location
- Barnesville, GA
- Founding
- 07/1943
- Data as of
- 12/2022
- EIN
- 58-0319365
Organization Overview
Southern Rivers Energy is located in Barnesville, GA. The organization was established in 1943. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 12/2022, Southern Rivers Energy employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Rivers Energy 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, Southern Rivers Energy generated $54.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $54.9m during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 6 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
TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Goodman Chairman | OfficerTrustee | 11.03 | $35,809 |
R Brian Ogletree Vice Chairma | OfficerTrustee | 10.03 | $16,616 |
Harry N Park Secretary | OfficerTrustee | 4.59 | $16,448 |
Millie Alexander Treasurer | OfficerTrustee | 3.09 | $16,616 |
Chanda Thompson Director | Trustee | 3.03 | $17,016 |
Andy Bush Director | Trustee | 2.54 | $17,816 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harper's Tree Service Right-of-way | 12/30/22 | $3,210,342 |
Ogeechee Forest Land Herbicide | 12/30/22 | $187,772 |
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 | $54,521,517 |
| Investment income | $250,176 |
| 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 | $54,913,307 |
| 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 | $1,192,121 |
| Compensation of current officers, directors, key employees. | $592,607 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $53,417 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $97,716 |
| Payroll taxes | $0 |
| 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 | $1,233,702 |
| 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 | $1,963,978 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,735,601 |
| Insurance | $0 |
| All other expenses | $2,152,084 |
| Total functional expenses | $54,913,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,279,671 |
| Savings and temporary cash investments | $7,109,098 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,261,954 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,213,586 |
| Prepaid expenses and deferred charges | $42,165 |
| Net Land, buildings, and equipment | $112,924,071 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,955,196 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $145,785,741 |
| Accounts payable and accrued expenses | $7,436,580 |
| 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 | $76,942,903 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,797,482 |
| Total liabilities | $98,176,965 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $83,505 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $47,525,271 |
| Total liabilities and net assets/fund balances | $145,785,741 |