Pioneer Electric Cooperative Inc
- Assets
- $88.7m
- Revenue
- $33.0m
- Investments
- $0.0
- Employees
- 59
- Location
- Greenville, AL
- Founding
- 02/2003
- Data as of
- 12/2023
- EIN
- 63-0033945
Organization Overview
Pioneer Electric Cooperative Inc is located in Greenville, AL. The organization was established in 2003. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2023, Pioneer Electric Cooperative Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pioneer 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 12/2023, Pioneer Electric Cooperative Inc generated $33.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $33.1m during the year ending 12/2023. While expenses have increased by 1.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SAFELY DELIVER RELIABLE SERVICE, IN A TIMELY AND COURTEOUS MANNER, AT THE LOWEST POSSIBLE COST TO OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PIONEER ELECTRIC COOPERATIVE, INC. HAS GROWN TO COVER THE RURAL AREAS OF FOUR SOUTH CENTRAL ALABAMA COUNTIES, SERVING APPROXIMATELY 10,800 MEMBERS WITH 13,000 METERS. THE SERVICE AREA OF PIONEER ELECTRIC COOPERATIVE, INC. PRIMARILY COVERED BUTLER, LOWNDES, DALLAS AND WILCOX COUNTIES. ITS SERVICE AREA ALSO EXTENDED INTO FIVE OTHER COUNTIES WHICH INCLUDED PARTS OF AUTAUGA, CRENSHAW, COVINGTON, CONECUH AND MONROE COUNTIES. UTILIZING 2,775 MILES OF ELECTRIC DISTRIBUTION LINES, PIONEER ELECTRIC COOPERATIVE, INC. SOLD 170,102,127 KILOWATT HOURS OF ELECTRIC ENERGY TO ITS COOPERATIVE MEMBERS IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Henry Trustee - President | Trustee | 6.4 | $33,700 |
Melvia Carter Trustee - Vice President | Trustee | 6.2 | $28,650 |
David Lyon Jr Trustee | Trustee | 4 | $26,150 |
Thomas Duncan Trustee | Trustee | 4.7 | $26,150 |
Timothy Strong Trustee | Trustee | 1.9 | $5,850 |
Glenn E Branum Trustee - Secretary | Trustee | 4 | $26,900 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Asplundh Tree Expert Company Right Of Way Clearing | 12/30/23 | $2,223,256 |
Petty Line Construction Co Inc Pole Change Outs | 12/30/23 | $535,218 |
Mdr Construction Pole Change Outs | 12/30/23 | $366,057 |
Osmose Utility Services Inc Pole Treatment | 12/30/23 | $253,216 |
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 | $32,613,026 |
| Investment income | $106,746 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $168,873 |
| Net Gain/Loss on Asset Sales | $57,526 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,980,000 |
| 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 | $354,548 |
| Compensation of current officers, directors, key employees. | $985,858 |
| 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 | $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 | $2,028,496 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,310,441 |
| Insurance | $0 |
| All other expenses | $2,299,733 |
| Total functional expenses | $33,100,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,843,066 |
| Savings and temporary cash investments | $1,000,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,220,983 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $48,375 |
| Inventories for sale or use | $608,242 |
| Prepaid expenses and deferred charges | $4,655,794 |
| Net Land, buildings, and equipment | $58,237,724 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $16,394,743 |
| Intangible assets | $0 |
| Other assets | $1,703,459 |
| Total assets | $88,712,386 |
| Accounts payable and accrued expenses | $2,228,061 |
| Grants payable | $0 |
| Deferred revenue | $500,000 |
| 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 | $54,411,721 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,993,970 |
| Total liabilities | $59,133,752 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $29,578,634 |
| Total liabilities and net assets/fund balances | $88,712,386 |