South Side Electric Inc
- Assets
- $5.9m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Declo, ID
- Founding
- 03/1940
- Data as of
- 11/2022
- EIN
- 82-0110465
Organization Overview
South Side Electric Inc is located in Declo, ID. 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 11/2022, South Side Electric Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Side Electric 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 11/2022, South Side Electric Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $4.1m during the year ending 11/2022. While expenses have increased by 2.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTE POWER TO DECLO SERVICE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTE POWER TO DECLO SERVICE AREA
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Teeter General Manager | 40 | $109,520 | |
Russell Perley President | OfficerTrustee | 1 | $495 |
Jeff Darrington Secretary | OfficerTrustee | 1 | $385 |
Shawn Hurst Vice President | Trustee | 1 | $350 |
Danny Turner Director | Trustee | 1 | $350 |
Jesse Wickel Director | Trustee | 1 | $245 |
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 | $4,569,178 |
| Investment income | $1,699 |
| 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 | $4,576,655 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $1,825 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $614,307 |
| Pension plan accruals and contributions | $58,210 |
| Other employee benefits | $164,366 |
| Payroll taxes | $44,657 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,100 |
| 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 | $18,737 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $212,829 |
| Insurance | $50,483 |
| All other expenses | $137,106 |
| Total functional expenses | $4,087,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $938,921 |
| Savings and temporary cash investments | $286,613 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $205,973 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $517,383 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,993,424 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,942,314 |
| Accounts payable and accrued expenses | $390,925 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $390,926 |
| Net assets without donor restrictions | $5,551,388 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,942,314 |
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| Organization Name | Assets | Revenue |
|---|---|---|
United Electric Co-Op Inc Heyburn, ID | $23,389,299 | $19,882,483 |
Elmhurst Mutual Power And Light Co Tacoma, WA | $32,294,963 | $19,833,230 |
Hill County Electric Cooperative Inc Havre, MT | $40,815,029 | $18,033,515 |
Douglas Electric Cooperative Inc Roseburg, OR | $72,257,465 | $22,631,556 |
Ravalli County Electric Cooperative Inc Victor, MT | $44,767,170 | $17,487,477 |
Wheatland Rural Electric Association Wheatland, WY | $32,258,120 | $17,112,530 |
Park Electric Cooperative Incorporated Livingston, MT | $27,938,575 | $16,763,973 |
Lakeview Light & Power Lakewood, WA | $50,109,948 | $24,172,277 |
Glacier Electric Cooperative Inc Cut Bank, MT | $41,325,088 | $16,181,346 |
Harney Electric Cooperative Inc Hines, OR | $32,154,008 | $16,091,631 |
Carbon Power & Light Inc Saratoga, WY | $55,820,091 | $15,960,147 |
Big Horn Rural Electric Company Basin, WY | $40,876,204 | $16,016,362 |