Sam Houston Electric Cooperative Inc
- Assets
- $521.6m
- Revenue
- $193.6m
- Investments
- $0.0
- Employees
- 171
- Location
- Livingston, TX
- Founding
- 03/1940
- Data as of
- 12/2021
- EIN
- 74-0695563
Organization Overview
Sam Houston Electric Cooperative Inc is located in Livingston, TX. 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, Sam Houston Electric Cooperative Inc employed 171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sam Houston 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 12/2021, Sam Houston Electric Cooperative Inc generated $193.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $183.0m during the year ending 12/2021. While expenses have increased by 0.9% 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
SALES AND SERVICE OF ELECTRICAL POWER TO MEMBERS ON A COOPERATIVE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALES AND SERVICE OF ELECTRICAL POWER TO APPROXIMATELY 83,000 ACCOUNTS ON A COOPERATIVE BASIS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Turk CEO | Officer | 57 | $366,958 |
David Babcock Assistant Gm | Officer | 42 | $260,660 |
Keith Stapleton Chief Comm O | Officer | 41 | $234,635 |
Keith Staples Chief Info O | Officer | 41 | $232,838 |
Joseph Conner CFO | Officer | 41 | $216,767 |
Ryan Brown Chief Engine | Officer | 45 | $177,528 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
East Texas Electric Cooperative Wholesale Elect | 12/30/21 | $124,642,333 |
J & M Utility Construction Inc Utility Contrac | 12/30/21 | $4,372,488 |
Cotton Utility Constructors Inc Utility Contrac | 12/30/21 | $6,260,175 |
Kbs Management Materials | 12/30/21 | $27,656,915 |
Volt Power Llc Utility Contrac | 12/30/21 | $4,674,470 |
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 | $192,569,897 |
| Investment income | $160,844 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $205,082 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,585,191 |
| 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. | $2,479,443 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $42,896 |
| 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 | $7,989,712 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,803,715 |
| Insurance | $0 |
| All other expenses | $9,114,954 |
| Total functional expenses | $182,959,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,609,416 |
| Savings and temporary cash investments | $2,156,741 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,100,563 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $386,799 |
| Prepaid expenses and deferred charges | $24,777,889 |
| Net Land, buildings, and equipment | $393,628,241 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $74,898,387 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $521,558,036 |
| Accounts payable and accrued expenses | $28,894,148 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,750,269 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $277,587,904 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,181,689 |
| Total liabilities | $319,414,010 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $202,144,026 |
| Total liabilities and net assets/fund balances | $521,558,036 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pedernales Electric Cooperative Inc Johnson City, TX | $2,029,870,184 | $830,415,690 |
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 |
Southwest Louisiana Electric Lafayette, LA | $508,237,761 | $245,337,577 |