Tex-La Electric Cooperative of Texas Inc
- Assets
- $0.0
- Revenue
- $121.8m
- Investments
- $238.2k
- Employees
- 0
- Location
- Nacogdoches, TX
- Founding
- Data as of
- 12/2017
- EIN
- 75-1678060
Organization Overview
Tex-La Electric Cooperative of Texas Inc is located in Nacogdoches, TX. Tex-La Electric Cooperative of Texas 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 12/2017, Tex-La Electric Cooperative of Texas Inc generated $121.8m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $122.6m during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 3 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
SALE OF WHOLESALE POWER TO ITS SEVEN MEMBERS ON A COOPERATIVE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES WHOLESALE POWER TO ITS SEVEN MEMBER DISTRIBUTION COOPERATIVES, WHO EACH PROVIDE POWER TO THEIR RESPECTIVE RETAIL MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Hardin Director | Trustee | 2 | $12,000 |
Richard Mcleon Director | Trustee | 2 | $0 |
William Speights Director | Trustee | 13 | $12,000 |
Debra Robinson Vice President | OfficerTrustee | 2 | $0 |
Jeanette Reed Director | Trustee | 6 | $12,000 |
Kathi Calvert Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Holland & Knight Llp Legal | 12/30/17 | $729,807 |
Gds Associates Inc Engineer Consultants | 12/30/17 | $583,240 |
At&t Power Line Leases | 12/30/17 | $323,684 |
Bean Construction Repairs | 12/30/17 | $221,499 |
Power Engineers Inc Engineering | 12/30/17 | $125,034 |
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 | $118,962,413 |
| Investment income | $26,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $121,752,749 |
| 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 | $4,000,700 |
| Compensation of current officers, directors, key employees. | $84,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $210,370 |
| Fees for services: Legal | $709,655 |
| Fees for services: Accounting | $104,452 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $380,821 |
| Advertising and promotion | $0 |
| Office expenses | $26,137 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,653 |
| Travel | $3,905 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $505,075 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $997,744 |
| Insurance | $8,875 |
| All other expenses | $0 |
| Total functional expenses | $122,610,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,770,459 |
| Savings and temporary cash investments | $192 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,162,536 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,392,150 |
| Net Land, buildings, and equipment | $20,529,061 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $238,200 |
| Investments—program-related | $39,049,225 |
| Intangible assets | $0 |
| Other assets | -$87,141,823 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $11,236,741 |
| 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 | $12,280,294 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$23,517,035 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |