2024-05-22T08:57:23-05:00 2023-12-31 720398470 HEARD MCELROY & VESTAL LLC 2403 JUDSON ROAD LONGVIEW TX 75605 990 2023-01-01 710165740 SOUTH CENTRAL ARKANSAS ELECTRIC COOPERATIVE INC SOUT 8702466701 PO BOX 476 ARKADELPHIA AR 71923 COLBY WELLS CEO 8702466701 2024-05-10 1 COLBY WELLS 999009999 0 REBECCA VANNATTAN CPA P01781574 9037580734 2024-05-10 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z PO BOX 476 ARKADELPHIA AR 71923 30123557 0 X WWW.SCAEC.COM X 1941 AR ELECTRIC DISTRIBUTION TO MEMBERS AT MINIMAL COST. 236,800,037 KWH WERE SOLD TO AN AVERAGE OF 10,583 CONSUMERS. 9 9 36 0 0 0 0 0 29416556 24824147 414960 438896 3686635 4055397 33518151 29318440 0 0 0 0 269822 623424 0 0 0 32970920 27029317 33240742 27652741 277409 1665699 132162403 128109281 91752315 87800206 40410088 40309075 ELECTRIC DISTRIBUTION TO MEMBERS AT MINIMAL COST.236,800,037 KWH WERE SOLD TO AN AVERAGE OF 10,583 CONSUMERS. 0 0 27652741 REVENUE FROM SALES OF ELECTRIC ENERGY IS BILLED TO COVER ONLY AMOUNTS NECESSARY TO PROVIDE ELECTRIC DISTRIBUTION TO OUR MEMBERS, WHICH IS THE BASIS FOR WHICH THE COOPERATIVE IS ORGANIZED AND MAINTAINED. REGULATION BY THE ARKANSAS PUBLIC SERVICE COMMISSION ASSURES THAT OUR RATES COVER THE COST OF PROVIDING SERVICE WITHOUT A PLANNED PROFIT. 27652741 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 40 0 1 36 1 0 0 0 0 0 0 0 25284750 4033690 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 0 1 1 1 0 1 0 AR X HAYLEY TIBBS 8702466701 4818 HWY 8 WEST ARKADELPHIA AR 71923 BRIAN KIRKSEY PRESIDENT 5.00 X X 11500 0 21045 DANNY BUCK DIRECTOR 3.00 X 11000 0 20607 SCOTT CLARK VICE-PRESIDENT 5.00 X X 10500 0 26389 TIM TROUT SECRETARY/TREAS 5.00 X 14500 0 19920 KAREN KIRKPATRICK SECRETARY/TREAS 4.00 X X 9000 0 20607 RONNIE PENNEY DIRECTOR 1.00 X 11000 0 11178 RICKY FRANCIS DIRECTOR 7.00 X 12500 0 20358 SHELLY LOE DIRECTOR 3.00 X 14000 0 25702 MARK BATSON DIRECTOR 5.00 X 8250 0 0 COLBY WELLS CHIEF EXECUTIVE OFFICER 60.00 X 237303 0 118065 JAMIE FARRELL VP TECHNOLOGY/GM FIBER SUB 41.00 X 118522 0 70286 AUSTIN WILSON SERVICEMAN 55.00 X 117321 0 52624 ALBERT CUMMINGS LINEMAN 55.00 X 112595 0 38704 JEREMY LEAMONS SERVICEMAN 48.00 X 100081 0 52107 MICHAEL ARMSTRONG VP OF OPERATIONS 41.00 X 106240 0 64769 894312 0 562361 11 0 1 0 ERVIN CABLE CONSTRUCTION PO BOX 932157 ATLANTA GA 31193 CONSTRUCTION CONTRACTOR 10611577 C2 CONSTRUCTION LLC 250 HEMPSTEAD 187 HOPE AR 71801 CONSTRUCTION CONTRACTOR 2924051 OSMOSE UTILITIES SERVICES PO BOX 117284 ATLANTA GA 30368 ENGINEERING/DATA COLLECTION 2702923 MDR CONSTRUCTION 621 EAST BAYLIS CHAPEL COLUMBIA MS 39429 CONSTRUCTION CONTRACTOR 1530713 CONEZION LLC 2001 GRAND BLVD STE 700 KANSAS CITY KS 64108 PROJECT MANAGER/CONSULTANT 1018915 9 SALES-ELECTRIC ENERGY 221000 24824147 24824147 24824147 438896 438896 987178 805117 182061 182061 OTHER ELECTRIC REVENUES 900099 3254873 3020269 234604 PATRONAGE CAPITAL CREDITS 900099 599696 599696 SALES TAX DISCOUNTS 900099 18767 18767 3873336 29318440 28644940 0 673500 623424 623424 2310198 2310198 4008249 4008249 COST OF PURCHASED POWER 13601670 13601670 DISTRIBUTION - OPERATIO 2513825 2513825 DISTRIBUTION - MAINTENA 2450043 2450043 ADMINISTRATIVE & GENERA 1129584 1129584 1015748 1015748 27652741 27652741 0 0 814373 385082 70000 70000 28340077 23161038 6373813 580373 361719 373640 137040643 36408953 91456951 100631690 4745470 2881533 0 25925 132162403 128109281 5786852 10990862 78064241 73937145 7901222 2872199 91752315 87800206 X 44341602 46007298 115730 115790 -4047244 -5814013 40410088 40309075 132162403 128109281 X 1665699 -1766712 X 0 1 X 1 0 736063 736063 6641382 1788023 4853359 7867922 5897213 1970709 121795276 28723717 93071559 100631690 ACCRUED TAXES 1024482 CUSTOMER DEPOSITS 826092 ACCRUED VACATION AND SICK LEAVE 234581 PATRONAGE CAPITAL PAYABLE 100464 ACCRUED POSTRETIREMENT BENEFITS 586957 DEFERRED CREDITS 99623 2872199 27428145 -1890295 -1890295 29318440 0 29318440 27652741 0 27652741 0 27652741 PART XI, LINE 2D - OTHER ADJUSTMENTS: EQUITY IN LOSS OF SUBSIDIARY -1,890,295. X 0 0 0 COLBY WELLS CHIEF EXECUTIVE OFFICER 237303 0 0 0 0 0 0 0 118065 0 355368 0 0 0 JAMIE FARRELL VP TECHNOLOGY/GM FIBER SUB 118522 0 0 0 0 0 0 0 70286 0 188808 0 0 0 MICHAEL ARMSTRONG VP OF OPERATIONS 106240 0 0 0 0 0 0 0 64769 0 171009 0 0 0 AUSTIN WILSON SERVICEMAN 117321 0 0 0 0 0 0 0 52624 0 169945 0 0 0 JEREMY LEAMONS SERVICEMAN 100081 0 0 0 0 0 0 0 52107 0 152188 0 0 0 ALBERT CUMMINGS LINEMAN 112595 0 0 0 0 0 0 0 38704 0 151299 0 0 0 ARKANSAS ELECTRIC COOP CO POWER PROVIDER 13601670 PURCHASE WHSL POWER 0 SCHEDULE L PART IV SEVERAL OF THE BOARD MEMBERS ALSO SERVED ON THE STATEWIDE GENERATION AND TRANSMISSION COOPERATIVE'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 AS A COOPERATIVE, ALL OF THE INDIVIDUALS OR BUSINESSES THAT ARE PROVIDED ELECTRIC SERVICE THROUGH THE COOPERATIVE ARE MEMBERS OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - ALL MEMBERS OF COOPERATIVE HAVE A VOTE IN THE ANNUAL ELECTION OF BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - FORM 990 WILL BE REVIEWED AND APPROVED AT THE NEXT BOARD MEETING FORM 990, PART VI, SECTION B, LINE 12C POLICY WAS ADOPTED DECEMBER 19, 2008 AND REQUIRES DIRECTORS TO ANNUALLY REVIEW AND SIGN "CONFLICT AND INTEREST CERTIFICATION & DISCLOSURE" FORM. FORM 990, PART VI, SECTION B, LINE 15B COOPERATIVE USES COMPENSATION PROGRAM TO REVIEW AND RECOMMEND WAGES. COOPERATIVE USES COMPENSATION COMPARISONS BETWEEN OTHER LIKE BUSINESSES WHEN REVIEWING CEO SALARY. FORM 990, PART VI, SECTION C, LINE 19 COOPERATIVE DISTRIBUTES FINANCIAL STATEMENTS TO EVERY MEMBER VIA US POSTAL SERVICE PRIOR TO ANNUAL MEETING IN SUCCEEDING YEAR. GOVERNING DOCUMENTS ARE DISTRIBUTED WHEN MEMBERS JOIN COOPERATIVE. FORM 990, PART XI, LINE 9: INCREASE IN MEMBERSHIP FEES 60. DONATED CAPITAL 190,811. FAS158 ADJUSTMENT -67,287. EQUITY IN LOSS OF SUBSIDIARY -1,890,295. ROUNDING -1. SOUTH CENTRAL CONNECT LLC PO BOX 476 AKADELPHIA AR 71923 371848009 FIBER TO THE HOME AR SOUTH CENTRAL ARKANSAS ELECTRIC COOPERATIVE INC C -1890295 56164913 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0