San Patricio Electric Cooperative is located in Sinton, 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, San Patricio Electric Cooperative employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Patricio Electric Cooperative 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, San Patricio Electric Cooperative generated $30.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $30.3m during the year ending 12/2021. While expenses have increased by 2.0% 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.
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 13,131 ACTIVE SERVICES AT YEAR END.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ronald Hughes General Manager | Officer | 45 | $207,406 |
Rene Gutierrez Operations Supervisor | 40 | $124,257 | |
Joe Cruz III Working Foreman | 40 | $122,051 | |
Albert Gaitan Operations Manager | Officer | 40 | $118,273 |
Armando Reyes Journey Lineman | 40 | $114,871 | |
Joshua Bounds Journey Lineman | 40 | $113,411 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Urban Electrical Services Inc Electrical | 12/30/21 | $1,607,723 |
Asplundh Tree Expert Co Right Of Way Clearing | 12/30/21 | $1,035,121 |
Lamar Technical Services Inc Electrical Engineering | 12/30/21 | $165,889 |
Schneider Engineering Ltd Electrical Engineering | 12/30/21 | $102,476 |
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 | $29,489,314 |
Investment income | $52,300 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $1,413 |
Net Gain/Loss on Asset Sales | $23,800 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$24,763 |
Miscellaneous Revenue | $0 |
Total Revenue | $30,346,375 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $30,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $3,212,858 |
Compensation of current officers, directors, key employees. | $874,938 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,856,923 |
Pension plan accruals and contributions | $166,844 |
Other employee benefits | $466,653 |
Payroll taxes | $182,049 |
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 | $966,526 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,092,481 |
Insurance | $0 |
All other expenses | $56,718 |
Total functional expenses | $30,346,375 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,276,971 |
Savings and temporary cash investments | $19,337 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,493,938 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $17,882 |
Prepaid expenses and deferred charges | $213,615 |
Net Land, buildings, and equipment | $52,170,483 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $23,027,798 |
Intangible assets | $0 |
Other assets | $465,797 |
Total assets | $78,685,821 |
Accounts payable and accrued expenses | $1,677,942 |
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 | $29,854,223 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $541,608 |
Total liabilities | $32,073,773 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $27,965 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $46,584,083 |
Total liabilities and net assets/fund balances | $78,685,821 |
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 |