San Bernard Electric Cooperative Incorporated
- Assets
- $291.8m
- Revenue
- $107.0m
- Investments
- $0.0
- Employees
- 123
- Location
- Bellville, TX
- Founding
- 08/1940
- Data as of
- 12/2022
- EIN
- 74-0880083
Organization Overview
San Bernard Electric Cooperative Incorporated is located in Bellville, 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 12/2022, San Bernard Electric Cooperative Incorporated employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Bernard Electric Cooperative Incorporated 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 12/2022, San Bernard Electric Cooperative Incorporated generated $107.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $107.0m during the year ending 12/2022. While expenses have increased by 5.4% per year over the past 8 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
2022
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 - 31,784 ACTIVE SERVICES AT YEAR END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Allen Director (jan-Nov) | Trustee | 12 | $20,810 |
Larry Chaney Director | Trustee | 8 | $15,308 |
Sammy Condra President | OfficerTrustee | 15 | $34,133 |
Vance R Elliott Asst Secretary/treasurer | OfficerTrustee | 9 | $24,110 |
Colt Haack 2nd Vice Chairman | OfficerTrustee | 12 | $32,683 |
Norman Kiecke 1st Vice President | OfficerTrustee | 6 | $33,083 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abc Professional Tree Services Row Clearing | 12/30/22 | $1,176,618 |
D & J Power Inc Line Maintenance & Construction | 12/30/22 | $2,414,010 |
Mccoy Tree Surgery Row Clearing | 12/30/22 | $576,855 |
Bdg Trees Llc Row Clearing | 12/30/22 | $571,343 |
Over & Under Llc Line Maintenance & Construction | 12/30/22 | $504,076 |
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 | $106,734,702 |
| Investment income | $80,357 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $73,461 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,847 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,023,324 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $59,581 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $7,694,076 |
| Compensation of current officers, directors, key employees. | $1,214,391 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,461,009 |
| Pension plan accruals and contributions | $907,632 |
| Other employee benefits | $1,067,902 |
| Payroll taxes | $338,748 |
| 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 | $6,273,532 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,968,540 |
| Insurance | $0 |
| All other expenses | $750,464 |
| Total functional expenses | $106,982,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $721,004 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,946,801 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $66,802 |
| Inventories for sale or use | $5,037,568 |
| Prepaid expenses and deferred charges | $70,283,509 |
| Net Land, buildings, and equipment | $203,688,527 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,593,749 |
| Intangible assets | $0 |
| Other assets | $1,420,484 |
| Total assets | $291,758,444 |
| Accounts payable and accrued expenses | $9,092,587 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $59,134 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $175,449,908 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,996,854 |
| Total liabilities | $192,598,483 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $50,390 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $99,109,571 |
| Total liabilities and net assets/fund balances | $291,758,444 |
Grants Awarded
Over the last fiscal year, San Bernard Electric Cooperative Incorporated has awarded $26,275 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AUSTIN COUNTY FAIR ASSOCIATION PURPOSE: 2022 DONATION | $6,550 |
COLORADO COUNTY FAIR ASSOCIATION INC PURPOSE: 2022 DONATION | $5,650 |
WALLER COUNTY FAIR ASSOCIATION PURPOSE: 2022 DONATION | $14,075 |