South Central Arkansas Electric Cooperative Incorporated

Organization Overview

South Central Arkansas Electric Cooperative Incorporated is located in Arkadelphia, AR. 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 12/2021, South Central Arkansas Electric Cooperative Incorporated employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Central Arkansas Electric Cooperative Incorporated 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, South Central Arkansas Electric Cooperative Incorporated generated $35.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $33.8m during the year ending 12/2021. While expenses have increased by 6.0% 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

ELECTRIC DISTRIBUTION TO MEMBERS AT MINIMAL COST. 245,144,126 KWH WERE SOLD TO AN AVERAGE OF 10,419 CONSUMERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

REVENUE FROM SALES OF ELECTRIC ENERGY IS BILLED TO COVER ONLY AMOUNTS NECESSARY TO PROVIDE ELECTRIC DISTRIBUTION TO OUR MEMBERS, WHICH IS THE BASIS FOR WHICH THE COOPERATIVE IS ORGANIZED AND MAINTAINED. REGULATION BY THE ARKANSAS PUBLIC SERVICE COMMISSION ASSURES THAT OUR RATES COVER THE COST OF PROVIDING SERVICE WITHOUT A PLANNED PROFIT.


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Board, Officers & Key Employees

Name (title)Compensation
Colby Wells
CEO
$181,633
Walter Ivy
Operations Coord
$104,342
Jeremy Leamons
Lineman
$101,774
Shelly Loe
Director
$9,200
Brian Kirksey
President
$8,400
Karen Kirkpatrick
Secretary/treas
$8,400

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ervin Cable Construction
Construction Contr
$4,866,686
Mdr Construction
Construction Contractor
$1,809,748
Barnett Right Of Way Services
Right Of Way/constr Contr
$1,380,760
C2 Construction Llc
Construction Contr
$358,453
Conexon Llc
Project Mngr/consultant
$744,980
View All Vendors

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$27,011,842
Investment income $503,287
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 $182
Miscellaneous Revenue$0
Total Revenue $35,113,922

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