Mid-South Electric Cooperative Association

Organization Overview

Mid-South Electric Cooperative Association, operating under the name Mid-South Synergy, is located in Navasota, TX. The organization was established in 1944. 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, Mid-South Synergy employed 173 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mid-South Synergy 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, Mid-South Synergy generated $112.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $113.2m during the year ending 12/2021. While expenses have increased by 7.0% 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.

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 36,557 ACTIVE SERVICES AT YEAR END.


COMMUNICATIONS DIVISION:PROVIDING BROADBAND INTERNET SERVICES THROUGH THE CONSTRUCTION OF A FIBER OPTIC NETWORK. WHEN CUMULATIVE NET MARGINS DERIVED FROM MEMBER SALES OF BROADBAND INTERNET SERVICES EXCEED CUMULATIVE NET LOSSES FROM SUCH SALES, THE COOPERATIVE WILL ALLOCATE PATRONAGE CAPITAL TO THE MEMBERS. THERE WERE 7,100 SUBSCRIBERS AT YEAR END.


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Board, Officers & Key Employees

Name (title)Compensation
Kerry Kelton
General Manager/ceo
$459,835
Troy Morris
Sr. Vice President
$285,100
Mike Mcdougald
Sr. Vice President
$282,437
Andrew Dallmeyer
Sr. Vice President
$233,859
Dennis Gilmore
Sr. Vice President
$220,794
David Williams
VP Operations
$209,873

Outside Vendors & Contractors

Vendor Name (Service)Compensation
National On Demand Inc
Smart Grid Construction
$15,856,898
Mdr Construction Inc
Fiber Make Ready
$8,339,449
Linetec Services Inc
Line Construction
$4,943,370
Amp Utility Company Llc
Fiber Make Ready
$2,310,522
Mccord Engineering Inc
Engineering
$2,308,641
View All Vendors

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$111,904,017
Investment income $90,286
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $187,465
Net Gain/Loss on Asset Sales $8,863
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $663
Miscellaneous Revenue$0
Total Revenue $112,304,236

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