Beauregard Electric Cooperative Inc
- Assets
- $274.6m
- Revenue
- $160.9m
- Investments
- $0.0
- Employees
- 141
- Location
- Deridder, LA
- Founding
- 02/1943
- Data as of
- 12/2023
- EIN
- 72-0128078
Organization Overview
Beauregard Electric Cooperative Inc is located in Deridder, LA. 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 12/2023, Beauregard Electric Cooperative Inc employed 141 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beauregard 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, Beauregard Electric Cooperative Inc generated $160.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $160.1m during the year ending 12/2023. While expenses have increased by 6.6% 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
SALE OF ELECTRICITY TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ELECTRICITY TO ITS RURAL MEMBERS WHICH TOTAL IN EXCESS OF THIRT-ONE THOUSAND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Deshotel VP Operations | 40 | $134,813 | |
Karen Fox VP Consumer Services | Officer | 53 | $124,475 |
Kevin Aycock VP Engineering | 40 | $123,681 | |
Kevin Turner Exec VP Gm | Officer | 40 | $172,931 |
Edward Johnson Lineman | 52 | $121,009 | |
Ashley Mazilly VP Finance | 40 | $128,960 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Echo Power Utility Contractor | 12/30/23 | $820,848 |
Ferreira Power South Utility Contractor | 12/30/23 | $854,991 |
Southern Utilities Utility Contractor | 12/30/23 | $440,121 |
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 | $160,662,424 |
| Investment income | $1,039,524 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,450 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $160,949,998 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $5,676,016 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,630,990 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $160,102,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,534,109 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,376,135 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $476,856 |
| Prepaid expenses and deferred charges | $67,851 |
| Net Land, buildings, and equipment | $221,343,684 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $8,139,203 |
| Intangible assets | $0 |
| Other assets | -$2,307,642 |
| Total assets | $274,630,196 |
| Accounts payable and accrued expenses | $17,875,727 |
| 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 | $167,104,108 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,021,119 |
| Total liabilities | $210,000,954 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $162,435 |
| Paid-in or capital surplus, or land, building, or equipment fund | $164,870 |
| Retained earnings, endowment, accumulated income, or other funds | $64,301,937 |
| Total liabilities and net assets/fund balances | $274,630,196 |