Jackson Electric Cooperative Inc is located in Edna, 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, Jackson Electric Cooperative Inc employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jackson 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, Jackson Electric Cooperative Inc generated $69.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $66.8m during the year ending 12/2021. While expenses have increased by 3.5% 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 16,910 ACTIVE SERVICES AT YEAR END.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James E Coleman General Manager | Officer | 50 | $255,165 |
Martin Flores Foreman | 57 | $137,892 | |
Richard Bourland Operations Manager | 50 | $124,968 | |
Tyler Stastny Foreman | 49 | $121,284 | |
Damien Coleman Engineer | 50 | $116,326 | |
Austin Bourland Warehouse Manager | 51 | $111,575 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Quanta Telecom Svc Llc Fiber Construction | 12/30/21 | $997,531 |
Powerline Construction Inc Line Construction | 12/30/21 | $1,856,793 |
Meridian Cooperative Inc Bill Printing And Computer Support | 12/30/21 | $384,997 |
Mcginnis Lochridge Legal | 12/30/21 | $288,930 |
Asplundh Tree Expert Co Tree Trimming | 12/30/21 | $713,795 |
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 | $61,450,699 |
Investment income | $225,421 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $42,219 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $41,245 |
Miscellaneous Revenue | $0 |
Total Revenue | $69,176,755 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $13,593 |
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. | $461,538 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $5,335,573 |
Pension plan accruals and contributions | $714,055 |
Other employee benefits | $809,579 |
Payroll taxes | $370,272 |
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 | $2,996,772 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,282,923 |
Insurance | $0 |
All other expenses | $4,099,665 |
Total functional expenses | $66,750,477 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,480,696 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $5,084,235 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $145,483 |
Inventories for sale or use | $4,767,855 |
Prepaid expenses and deferred charges | $413,535 |
Net Land, buildings, and equipment | $111,440,363 |
Investments—publicly traded securities | $5,443,542 |
Investments—other securities | $0 |
Investments—program-related | $32,302,646 |
Intangible assets | $0 |
Other assets | $437,695 |
Total assets | $161,516,050 |
Accounts payable and accrued expenses | $6,792,105 |
Grants payable | $0 |
Deferred revenue | $2,742,184 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $113,584 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $82,920,741 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,547,236 |
Total liabilities | $94,115,850 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $215,500 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $67,184,700 |
Total liabilities and net assets/fund balances | $161,516,050 |
Organization Name | Assets | Revenue |
---|---|---|
Beauregard Electric Cooperative Inc Deridder, LA | $317,710,520 | $130,661,746 |
Mid-South Electric Cooperative Association Navasota, TX | $452,923,341 | $112,304,236 |
Karnes Electric Cooperative Inc Karnes City, TX | $202,970,400 | $101,891,775 |
Tri-County Electric Cooperative Inc Hooker, OK | $321,398,945 | $100,998,279 |
Deep East Texas Electric Co-Operative Inc San Augustine, TX | $258,283,792 | $99,942,050 |
Upshur-Rural Electric Cooperative Corporation Gilmer, TX | $245,628,727 | $98,243,041 |
San Bernard Electric Cooperative Incorporated Bellville, TX | $290,497,219 | $97,543,303 |
Lea County Electric Cooperative Inc Lovington, NM | $232,536,118 | $95,597,033 |
Washington-St Tammany Electric Cooperative Inc 1570 Franklinton, LA | $266,667,290 | $97,380,073 |
Bandera Electric Cooperative Inc Bandera, TX | $290,540,608 | $89,188,257 |
Nueces Electric Cooperative Inc Robstown, TX | $212,095,793 | $88,707,765 |
Wood County Electric Cooperative Quitman, TX | $215,165,812 | $87,928,096 |