Dixie Electric Membership Corporation
- Assets
- $725.2m
- Revenue
- $239.2m
- Investments
- $0.0
- Employees
- 265
- Location
- Baton Rouge, LA
- Founding
- 05/1940
- Data as of
- 12/2021
- EIN
- 72-0170797
Organization Overview
Dixie Electric Membership Corporation is located in Baton Rouge, LA. The organization was established in 1940. 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 Membership Corporation employed 265 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dixie Electric Membership Corporation 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 Membership Corporation generated $239.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $250.0m during the year ending 12/2021. While expenses have increased by 3.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 114,420 ACTIVE SERVICES AT YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Pierce CEO & General Manager | Officer | 40 | $374,100 |
Michael Johnson VP Finance (retired 2021) | Officer | 40 | $220,800 |
Douglas Watson Serviceman | 40 | $205,362 | |
Josh Conleay Line Supervisor | 40 | $172,839 | |
Peggy Maranan VP Finance | Officer | 50 | $172,273 |
Mark Phillips VP Engineering & Operations | Officer | 40 | $163,974 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Creel Brothers Electrical Contractor | 12/30/21 | $5,119,187 |
V-tech Inc Electrical Contractor | 12/30/21 | $4,026,022 |
Axis Power Llc Electrical Contractor | 12/30/21 | $2,636,575 |
Arnold Trucking Inc Electrical Contractor | 12/30/21 | $2,426,908 |
Ca-par Electric Electrical Contractor | 12/30/21 | $1,976,934 |
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 | $236,961,124 |
| Investment income | $153,930 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $144,495 |
| Net Gain/Loss on Asset Sales | $2,684 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $743 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $239,155,259 |
| 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. | $2,139,657 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,233,450 |
| Pension plan accruals and contributions | $2,313,678 |
| Other employee benefits | $3,081,722 |
| Payroll taxes | $1,005,729 |
| 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 | $14,622,809 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,065,116 |
| Insurance | $0 |
| All other expenses | $13,504,169 |
| Total functional expenses | $250,003,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,098,396 |
| Savings and temporary cash investments | $5,390,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,732,907 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $294,760 |
| Inventories for sale or use | $7,705,171 |
| Prepaid expenses and deferred charges | $8,125,714 |
| Net Land, buildings, and equipment | $610,258,901 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $12,390,362 |
| Intangible assets | $0 |
| Other assets | $52,182,223 |
| Total assets | $725,178,434 |
| Accounts payable and accrued expenses | $58,098,432 |
| 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 | $494,891,859 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $61,175,542 |
| Total liabilities | $614,165,833 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $404,815 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $110,607,786 |
| Total liabilities and net assets/fund balances | $725,178,434 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pedernales Electric Cooperative Inc Johnson City, TX | $2,029,870,184 | $830,415,690 |
Cooperative Energy A Mississippi Electric Cooperative Hattiesburg, MS | $2,085,034,483 | $800,776,225 |
Golden Spread Electric Cooperative Inc Amarillo, TX | $1,251,228,427 | $703,244,105 |
Denton County Electric Cooperative Inc Corinth, TX | $1,535,737,864 | $639,082,515 |
South Texas Electric Cooperative Inc Nursery, TX | $1,458,906,185 | $553,923,230 |
East Texas Electric Cooperative Inc Nacogdoches, TX | $1,118,534,652 | $504,330,746 |
Tri-County Electric Cooperative Inc Aledo, TX | $737,055,460 | $308,529,771 |
Northeast Texas Electric Coop Inc Longview, TX | $329,483,821 | $288,674,270 |
Magic Valley Electric Cooperative Inc Mercedes, TX | $542,158,549 | $266,758,522 |
Electric Reliability Council Of Texas Inc 10-10-90 Austin, TX | $3,229,605,813 | $252,635,175 |
Dixie Electric Membership Corporation Baton Rouge, LA | $725,178,434 | $239,155,259 |
Bluebonnet Electric Cooperative Inc Bastrop, TX | $657,902,626 | $247,741,918 |