South Louisiana Electric Cooperative Association
- Assets
- $119.0m
- Revenue
- $4.7m
- Investments
- $9.7m
- Employees
- 90
- Location
- Houma, LA
- Founding
- 12/1942
- Data as of
- 12/2020
- EIN
- 72-0320746
Organization Overview
South Louisiana Electric Cooperative Association is located in Houma, LA. 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 12/2020, South Louisiana Electric Cooperative Association employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Louisiana Electric Cooperative Association 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 12/2020, South Louisiana Electric Cooperative Association generated $4.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $4.0m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SOUTH LOUISIANA ELECTRIC COOPERATIVE ASSOCIATION WAS ORGANIZED AS A MEMBERSHIP COOPERATIVE TO PROVIDE ELECTRICTY TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SLECA PROVIDED ELECTRIC UTILITY SERVICE TO APPROXIMATELY 20,000 MEMBERS DURING THE YEAR.
SLECA PROVIDED ELECTRIC UTILITY SERVICE TO APPROXIMATELY 20,000 MEMBERS DURING THE YEAR.
SLECA PROVIDED ELECTRIC UTILITY SERVICE TO APPROXIMATELY 20,000 MEMBERS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Ticheli General Manager | Officer | 40 | $167,421 |
Brian Rivet Sec/director | OfficerTrustee | 7 | $43,300 |
Roger Dehart Director | Trustee | 7 | $43,103 |
Terry Trahan Treas/director | OfficerTrustee | 4 | $41,446 |
Eroy Acosta Director | Trustee | 5 | $41,211 |
Larry Daigle Director | Trustee | 5 | $40,843 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rock's Lawn Care Tree Services | 12/30/20 | $664,321 |
Chain Electric Co Maintenance | 12/30/20 | $214,806 |
First Avenue Funding Llc Maintenance | 12/30/20 | $145,277 |
Bha Inc Consulting | 12/30/20 | $118,212 |
East Bay Electric Co Llc Maintenance | 12/30/20 | $145,118 |
Chain Electric Co Maintenance | 12/30/20 | $214,806 |
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 | $0 |
| Investment income | $65,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $363,077 |
| Net Gain/Loss on Asset Sales | $26,873 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,096,308 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,681,225 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,378 |
| 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. | $594,630 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $848,259 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $64,944 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,211 |
| 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 | $215,984 |
| Advertising and promotion | $0 |
| Office expenses | $348,550 |
| 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 | $1,576,868 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $30,459 |
| All other expenses | $0 |
| Total functional expenses | $4,027,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,681,643 |
| Savings and temporary cash investments | $2,500 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,614,736 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,848,680 |
| Prepaid expenses and deferred charges | $134,372 |
| Net Land, buildings, and equipment | $92,498,572 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,703,288 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,494,071 |
| Total assets | $118,977,862 |
| Accounts payable and accrued expenses | $3,006,194 |
| 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 | $45,777,085 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,319,961 |
| Total liabilities | $74,103,240 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $44,874,622 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $118,977,862 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coahoma Electric Power Assn Lyon, MS | $50,480,063 | $20,605,799 |
Aqua Water Supply Corporation Bastrop, TX | $136,381,619 | $28,670,097 |
City Corporation Russellville, AR | $192,508,552 | $18,660,828 |
Alcorn County Electric Power Association Corinth, MS | $107,123,733 | $19,179,595 |
Texas Reliability Entity Inc Austin, TX | $5,509,609 | $14,208,096 |
Coleman County Electric Cooperative Inc Coleman, TX | $33,830,324 | $14,379,363 |
Fort Belknap Electric Cooperative Inc Olney, TX | $40,346,904 | $13,174,182 |
Ashley-Chicot Electric Cooperative Inc Hamburg, AR | $39,523,502 | $11,933,884 |
J-A-C Electric Cooperative Inc Henrietta, TX | $27,594,358 | $11,304,543 |
Sharyland Water Supply Corporation Alton, TX | $110,187,216 | $13,299,506 |
Farmers Electric Cooperative Corporation Newport, AR | $38,614,201 | $11,561,082 |
Tippah Electric Power Association Ripley, MS | $65,329,925 | $18,280,183 |