Dixie Electric Cooperative is located in Montgomery, AL. The organization was established in 1943. 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 12/2021, Dixie Electric Cooperative employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dixie Electric Cooperative 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 12/2021, Dixie Electric Cooperative generated $66.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $64.6m during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DIXIE ELECTRIC COOPERATIVE IS COMMITTED TO SAFELY PROVIDING ITS MEMBER- OWNERS WITH ECONOMICAL AND RELIABLE ELECTRIC POWER AND RELATED SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ELECTRIC SERVICE TO AN AVERAGE OF 25,607 MEMBER-OWNERS WITHIN ITS EIGHT COUNTY SERVICE TERRITORY LOCATED IN CENTRAL ALABAMA, INCLUDING BULLOCK, MACON AND MONTGOMERY COUNTIES.
ALLOCATION OF TRUSTEE AND KEY EMPLOYEE SALARY EXPENSES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gary Harrison Ceo/general | Officer | 50 | $324,737 |
Brandon Johnson Vp-Engineeri | 50 | $196,324 | |
Ernie Faulkner Vp-Marketing | 55 | $191,713 | |
Mike Barlow CFO | Officer | 50 | $165,872 |
Brent Moffett Vp-External | 25 | $161,793 | |
Houston Fuqua District For | 50 | $144,049 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
First Avenue Funding Ca-par Construction | 12/30/21 | $711,167 |
Meridian Comp. Support | 12/30/21 | $688,223 |
Jackson Line Clearing Row Cutting | 12/30/21 | $433,154 |
Lee Electrical Construction Construction | 12/30/21 | $260,850 |
Alcan Management Llc Row Spraying | 12/30/21 | $124,490 |
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 | $64,396,114 |
Investment income | $1,189,316 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $258,933 |
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 | $66,291,723 |
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 | $950,493 |
Compensation of current officers, directors, key employees. | $739,509 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $829,774 |
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 | $2,343,956 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,364,535 |
Insurance | $0 |
All other expenses | $5,844,647 |
Total functional expenses | $64,561,423 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,304,447 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $5,299,614 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $6,991 |
Inventories for sale or use | $1,214,768 |
Prepaid expenses and deferred charges | $287,774 |
Net Land, buildings, and equipment | $114,735,209 |
Investments—publicly traded securities | $0 |
Investments—other securities | $1,725,617 |
Investments—program-related | $25,855,882 |
Intangible assets | $0 |
Other assets | $8,156 |
Total assets | $156,438,458 |
Accounts payable and accrued expenses | $8,899,263 |
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 | $69,085,374 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $12,186,674 |
Total liabilities | $90,171,311 |
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 | $66,267,147 |
Total liabilities and net assets/fund balances | $156,438,458 |
Over the last fiscal year, we have identified 1 grants that Dixie Electric Cooperative has recieved totaling $25,000.
Awarding Organization | Amount |
---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: INTEGRITY FUND - TERRITORY THREAT | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
4-County Electric Power Association Columbus, MS | $315,642,901 | $133,649,967 |
Satilla Rural Electric Membership Corp Alma, GA | $268,716,625 | $122,190,964 |
Upper Cumberland Electric Membership Corporation Carthage, TN | $208,911,918 | $121,895,944 |
Diverse Power Incorporated Lagrange, GA | $239,882,222 | $117,829,336 |
Choctawhatchee Electric Cooperative Inc Defuniak Springs, FL | $360,891,875 | $124,274,504 |
Meriwether Lewis Electric Cooperative Centerville, TN | $179,486,251 | $119,621,039 |
Northcentral Electric Cooperative Olive Branch, MS | $185,941,805 | $125,968,963 |
Tombigbee Electric Power Assn Tupelo, MS | $221,161,642 | $118,553,499 |
Southwest Tennessee Electric Membership Corp Brownsville, TN | $219,052,657 | $121,626,016 |
Blue Ridge Mountain Electric Membership Corp 101-10 Irc Young Harris, GA | $245,553,260 | $112,097,199 |
Appalachian Electric Cooperative New Market, TN | $242,163,198 | $119,028,278 |
Peace River Electric Cooperative Inc Wauchula, FL | $298,485,094 | $110,943,049 |