Sand Mountain Electric Cooperative

Organization Overview

Sand Mountain Electric Cooperative is located in Rainsville, AL. The organization was established in 1942. 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 06/2022, Sand Mountain Electric Cooperative employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sand Mountain 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 06/2022, Sand Mountain Electric Cooperative generated $78.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $74.1m during the year ending 06/2022. While expenses have increased by 1.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE COOPERATIVE PROVIDES ELECTRICITY TO ITS MEMBERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE ELECTRICITY TO ITS 32,566 CUSTOMERS.


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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$76,617,027
Investment income $244,471
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,118,455
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 $77,979,953

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Sand Mountain Electric Cooperative has recieved totaling $16,730.

Awarding OrganizationAmount
National Rural Utilities Cooperative Finance Corp

Dulles, VA

PURPOSE: INTEGRITY FUND - TERRITORY THREAT

$16,730
View Grant Recipient Profile

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