2023-11-15T14:04:14-06:00 2022-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2022-01-01 720170797 DIXIE ELECTRIC MEMBERSHIP CORPORATION DIXI 8446933626 PO BOX 15659 BATON ROUGE LA 70895 RANDALL PIERCE CEO & GENERAL MANAGER 8446933626 2023-11-15 1 RANDALL PIERCE 999009999 0 WILLIAM M MILLER P00439459 8067473806 2023-11-10 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RANDALL PIERCE PO BOX 15659 BATON ROUGE LA 70895 316977392 0 X WWW.DEMCO.ORG X 1938 LA TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE. 13 13 279 0 140543 80520 0 0 236961124 314891056 156614 144640 2037521 1940851 239155259 316976547 0 10000 0 0 22774236 29701852 0 0 0 227229383 279219281 250003619 308931133 -10848360 8045414 725178434 737870324 614165833 618576049 111012601 119294275 DEMCO IS FOCUSED ON ENHANCING THE QUALITY OF LIFE FOR MEMBERS BY PROVIDING SAFE, RELIABLE AND COMPETITIVELY PRICED ENERGY SERVICES. 0 0 PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 115,977 ACTIVE SERVICES AT YEAR END. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 55 0 279 1 1 1 0 0 0 0 317367623 1923144 0 0 0 X 13 13 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 1 1 1 1 0 LA X NICHOLAS SMITH 8446933626 PO BOX 15659 BATON ROUGE LA 70895 X LESLIE FALKS DIRECTOR 2.60 X 39240 0 0 RICHARD SITMAN DIRECTOR 2.50 X 38190 0 0 DANIEL BERTHELOT PRESIDENT 3.10 X X 37440 0 0 RANDY LORIO VICE PRESIDENT 2.50 X X 35665 0 0 STEVE IRVING DIRECTOR 2.00 X 34015 0 0 EDWARD DELEE DIRECTOR 1.50 X 33865 0 0 JILL MCGRAW DIRECTOR 2.60 X 29531 0 0 TRESA BYRD DIRECTOR 2.50 X 20592 0 0 ELINDA TAILLON DIRECTOR 1.50 X 20042 0 0 DENNIS LOTT SECRETARY/TREASURER 1.50 X X 16426 0 0 KEVIN BEACHAMP DIRECTOR 2.20 X 16096 0 0 MELISSA DUFRECHE DIRECTOR 2.40 X 11655 0 0 MIKE ANDERSON DIRECTOR 1.40 X 9525 0 0 RANDALL PIERCE CEO & GENERAL MANAGER 50.00 X 388806 0 172659 PEGGY MARANAN CFO 50.00 X 183681 0 78380 MARK PHILLIPS VP ENGINEERING & OPERATIONS 45.00 X 158863 0 146325 MATT GIBSON DIRECTOR OF ENGINEERING 40.00 X 154070 0 69630 PEARL OVERHULTZ CHIEF CS 40.00 X 145053 0 199708 PATRICK MANSFIELD IT MANAGER 40.00 X 143866 0 93583 KENNETH BAILEY FIELD STAKING TECHNICIAN 57.00 X 141335 0 70534 VERONICA CLAIBORNE KEY ACCOUNT MANAGER 40.00 X 141029 0 62022 1798985 0 892841 108 0 1 0 ARNOLD TRUCKING INC 3805 FM 1997 N MARSHALL TX 75670 DEBRIS REMOVAL 11693656 STUART IRBY CO PO BOX 843959 DALLAS TX 75284 ELECTRICAL/MATERIALS CONTRACTOR 6139379 V-TECH INC 200 CS FLOYD RD LOGANVILLE GA 30052 ELECTRICAL/MATERIALS CONTRACTOR 5339937 CREEL BROTHERS INC 26400 BUFORD CREEL RD FRANKLINTON LA 70438 ELECTRICAL/MATERIALS CONTRACTOR 4639778 RES SYSTEM 3 LLC 1601 19TH ST SUITE 400 DENVER CO 80202 ELECTRICAL/MATERIALS CONTRACTOR 4405407 115 X SALES OF ELECTRICITY 221000 309799601 309799601 SERVICE FEES 221000 4296846 4296846 PATRONAGE DIVIDENDS 221000 794609 794609 314891056 144640 144640 140543 0 140543 140543 140543 845 -845 -845 POLE ATTACHMENT INCOME 221000 1819499 1819499 MUTUAL AID ASSISTANCE 221000 -18346 -18346 1801153 316976547 314871865 140543 1964139 X 10000 1470996 15427734 2912599 8862541 1027982 16588819 23734720 PURCHASED POWER 206021826 DISTRIBUTION EXPENSE 15788029 TAXES 7238857 UNRELATED BUS. INC. TAX 17100 9829930 308931133 6098396 7114366 5390000 22732907 27241899 294760 270304 7705171 8383208 8125714 14355785 826243613 203146841 610258901 623096772 12390362 12154020 52182223 45253970 725178434 737870324 58098432 51275081 494891859 521408355 61175542 45892613 614165833 618576049 X 404815 374625 0 0 110607786 118919650 111012601 119294275 725178434 737870324 X 8045414 236260 X X 0 1 X 1 0 9898038 9898038 20672106 6855827 13816279 720167449 196291014 523876435 75506020 75506020 623096772 INTEREST & DIVIDEND RECEIVABLE 35200 DEFERRED POST RETIREMENT BENEFITS 28032371 ACCRUED UNBILLED REVENUE 17179436 OTHER ASSETS 6963 45253970 ACCRUED OPERATING TAXES 720903 CONSUMER DEPOSITS 8948000 DEFERRED POST RETIREMENT BENEFITS 33435050 DEFERRED CREDITS - OTHER 471831 CONTINGENT LIABILITY - FEMA 2316829 45892613 X PART X, LINE 2: THE COOPERATIVE FOLLOWS THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITIONS ARE TIMING DIFFERENCES IMPACTING TAXABLE INCOME. THE ENTITIES HAVE DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE OR THE APPLICABLE STATE TAXING AUTHORITY AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. PART VIII: THE AMOUNT OF INVESTMENTS - PROGRAM RELATED ON FORM 990, PAGE 11, PART X, LINE 13 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART VIII HAS BEEN LEFT BLANK. 0 THE DOLLYWOOD FOUNDATION 7389 FLORIDA BLVD STE 101A BATON ROUGE LA 70806 621348105 10000 0 IMAGINATION LIBRARY 1 X X X 0 0 0 RANDALL PIERCE CEO & GENERAL MANAGER 347366 0 12603 0 28837 0 172435 0 224 0 561465 0 0 0 PEARL OVERHULTZ CHIEF CS 143538 0 528 0 987 0 170594 0 29114 0 344761 0 0 0 MARK PHILLIPS VP ENGINEERING & OPERATIONS 148598 0 529 0 9736 0 121211 0 25114 0 305188 0 0 0 PEGGY MARANAN CFO 178077 0 456 0 5148 0 65219 0 13161 0 262061 0 0 0 PATRICK MANSFIELD IT MANAGER 138799 0 564 0 4503 0 63269 0 30314 0 237449 0 0 0 MATT GIBSON DIRECTOR OF ENGINEERING 152953 0 513 0 604 0 44740 0 24890 0 223700 0 0 0 KENNETH BAILEY FIELD STAKING TECHNICIAN 135169 0 658 0 5508 0 44670 0 25864 0 211869 0 0 0 VERONICA CLAIBORNE KEY ACCOUNT MANAGER 79496 0 480 0 61053 0 61035 0 987 0 203051 0 0 0 PART II, COLUMN C: INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. RANDALL PIERCE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 163,285 EMPLOYER CONTRIBUTION TO 401(K) PLAN 9,150 TOTAL REPORTED IN COLUMN C $ 172,435 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (163,285) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 81,801 EXPENSE TO THE COOPERATIVE $ 90,951 PEARL OVERHULTZ: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 166,018 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,576 TOTAL REPORTED IN COLUMN C $ 170,594 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (166,018) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 39,279 EXPENSE TO THE COOPERATIVE $ 43,855 MARK PHILLIPS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 116,593 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,618 TOTAL REPORTED IN COLUMN C $ 121,211 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (116,593) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 39,643 EXPENSE TO THE COOPERATIVE $ 44,261 PEGGY MARANAN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 59,787 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,432 TOTAL REPORTED IN COLUMN C $ 65,219 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (59,787) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 46,935 EXPENSE TO THE COOPERATIVE $ 52,367 PATRICK MANSFIELD: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 58,774 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,495 TOTAL REPORTED IN COLUMN C $ 63,269 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (58,774) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 39,366 EXPENSE TO THE COOPERATIVE $ 43,861 MATT GIBSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 40,313 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,427 TOTAL REPORTED IN COLUMN C $ 44,740 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (40,313) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 38,775 EXPENSE TO THE COOPERATIVE $ 43,202 KENNETH BAILEY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 42,022 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,648 TOTAL REPORTED IN COLUMN C $ 44,670 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (42,022) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 18,686 EXPENSE TO THE COOPERATIVE $ 21,334 VERONICA CLAIBORNE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 58,635 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,400 TOTAL REPORTED IN COLUMN C $ 61,035 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (58,635) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 20,550 EXPENSE TO THE COOPERATIVE $ 22,950 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS. FORM 990, PART VI, SECTION A, LINE 7B THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION 3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS 4. AMENDMENT TO THE ARTICLES OF INCORPORATION FORM 990, PART VI, SECTION A, LINE 8B THE COOPERATIVE HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, AND PURSUANT TO FORM 990 INSTRUCTIONS, THE QUESTION HAS BEEN ANSWERED "NO". FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD SUBSEQUENT TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO REVIEW AND BE FAMILIAR WITH THE POLICIES OUTLINED IN THE COOPERATIVE'S CONFLICT OF INTEREST POLICY. THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY ACTION OR SITUATION THAT MIGHT VIOLATE THE POLICY TO THE FULL BOARD OF DIRECTORS AS SOON AS POSSIBLE. THE CONFLICT OF INTEREST POLICY IS REVIEWED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE CEO. THE SURVEY SHOWS COMPARATIVE SALARIES FOR CEOS FROM SIMILARLY SITUATED COOPERATIVES LOCATED IN LOUISIANA AND THE NATION. THE CEO UTILIZES A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. THE SURVEY SHOWS COMPARATIVE SALARIES FROM SIMILARLY SITUATED COOPERATIVES LOCATED IN LOUISIANA AND THE NATION. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE PROVIDES A SUMMARIZED COPY OF THE FINANCIAL STATEMENTS TO THE MEMBERS OF THE COOPERATIVE AT THE ANNUAL MEETING. THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF THE AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, OR GOVERNING DOCUMENTS TO ANY MEMBER WHO REQUESTS A COPY OF ANY SUCH DOCUMENT. THE BYLAWS AND THE ANNUAL REPORT ARE ALSO POSTED ON THE COOPERATIVE'S WEBSITE. FORM 990, PART VII, COLUMN F: IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE MADE PURSUANT TO THE PLAN DOCUMENT. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH AND LIFE INSURANCE TO ALL EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE EMPLOYEE OFFICERS AND HIGHLY COMPENSATED EMPLOYEES ARE COMPRISED OF THE TOTAL AMOUNT CONTRIBUTED TO THE 401(K) PENSION PLAN, THE ACTUARIAL INCREASE FOR FUTURE RETIREE BENEFITS EARNED AS A PARTICIPANT IN THE DEFINED BENEFIT PLAN, AND THE INSURANCE PREMIUMS PAID FOR THEIR BENEFIT. IN ADDITION TO THE ABOVE PENSION PLANS, THE COOPERATIVE ALSO PROVIDES POST-RETIREMENT HEALTH INSURANCE BENEFITS THROUGH AN UNFUNDED WELFARE BENEFIT PLAN. THE VALUE OF THESE BENEFITS HAS NOT BEEN ESTIMATED. FORM 990, PART VIII, LINE 2: PATRONAGE DIVIDENDS RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO MEMBERS. FORM 990, PART IX: THE COOPERATIVE MAINTAINS ITS RECORDS IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS (USOA) PRESCRIBED FOR BORROWERS OF THE UNITED STATES DEPARTMENT OF AGRICULTURE RURAL UTILITIES SERVICE. THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS, AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH ITS ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1-23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY USOA. FORM 990, PART IX, LINES 5-7: SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 TO TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $16,559,065 LESS: DIRECTOR FEES REPORTED ON FORMS 1099-NEC (342,282) LESS: EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (57,699) PLUS: SALARIES & WAGES CAPITALIZED DIRECTLY TO PLANT 6,595,917 PLUS: SALARIES & WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING & OTHER ACCOUNTS 2,493,014 TOTAL WAGES ACCRUED AND/OR PAID $25,248,015 FORM 990, PART IX, LINE 4: PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS "PATRONS") SHOULD BE REPORTED ON PART IX, LINE 4. THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE COOPERATIVE OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE-EXISTING OBLIGATION, (2) FROM THE MARGINS PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E. PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE COOPERATIVE'S YEAR-END OF DECEMBER 31. EACH ONE OF THESE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND IS PROVIDED FOR IN THE NON-PROFIT OPERATION ARTICLE OF THE COOPERATIVE'S BYLAWS. IN GENERAL, THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2022 CALENDAR YEAR. FOR 2022, THE COOPERATIVE REPORTED AN OVERALL LOSS. BECAUSE THE COOPERATIVE DOES NOT ALLOCATE LOSSES TO ITS PATRONS, THE $8,045,412 LOSS REPORTED ON PART I, LINE 19 REPRESENTS THE AMOUNT THAT WILL BE RECOVERED FROM THE PATRONS EITHER (1) AS A FUTURE REDUCTION IN THE PATRONAGE CAPITAL THAT WOULD OTHERWISE BE ALLOCATED TO THE PATRONS OR (2) AS A OFFSET TO UNALLOCATED, RETAINED EQUITY OF THE COOPERATIVE. SUCH RECOVERY IS CONSISTENT WITH THE OPERATION AT COST PRINCIPLE. FORM 990, PART IX, LINE 24E: OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: CUSTOMER ACCOUNTS & SERVICE $ 5,551,890 SALES 875,091 TRANSMISSION 723,143 ADMINSTRATIVE AND GENERAL 8,002,161 OTHER DEDUCTIONS (253,283) TOTAL OTHER EXPENSES PER FROM 990 LINE 24E $14,899,002 FORM 990, PART IX, LINE 24: ADMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 5,217,270 OFFICE SUPPLIES 1,114,695 OUTSIDE SERVICES 1,843,126 INJURIES & DAMAGES 497,071 PENSION & BENEFITS 684,194 REGULATORY COMMISSION 401,014 RENT 104,571 MISCELLANEOUS GENERAL 228,479 DISTRICT & ANNUAL MEETINGS 297,782 DIRECTORS 630,156 INSURANCE 500,716 MAINTENANCE OF GENERAL PLANT 1,640,438 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $13,159,512 LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (342,282) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (4,347,250) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (467,819) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 8,002,161 FORM 990, PART XI, LINE 9: EQUITY METHOD INCOME FROM SUBSIDIARY 233,565. NET CHANGE IN MEMBERSHIPS -30,192. PRIOR YEAR AUDIT ADJUSTMENTS 32,887. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS HAVE ASSIGNED MEMBERS TO A FINANCE COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND SELECT THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR. DIXIE BUSINESS DEVELOPMENT CENTER 1810 S RANGE AVE DENHAM SPRINGS LA 70726 721216797 INCUBATOR PROGRAM TO HELP NEW BUSINESS DEVELOP, GROW, AND SUCCEED LA 501(C)(4) DIXIE ELECTRIC MEMBERSHIP CORPORATION 1 DEMCO FOUNDATION INC PO BOX 15659 BATON ROUGE LA 70895 721417423 PROVIDES CHARITABLE ASSISTANCE TO INDIVIDUALS IN THE DEMCO SERVICE AREA LA 501(C)(3) LINE 7 DIXIE ELECTRIC MEMBERSHIP CORPORATION 1 DEMCO ENERGY SERVICES LLC 16262 WAX RD GREENWELL SPRINGS LA 70739 721351783 PROVIDES SURGE PROTECTION SERVICES IN SOUTHEASTERN LA LA DIXIE ELECTRIC MEMEBERSHIP CORPORATION C 446361 847839 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 DEMCO FOUNDATION INC L 84399 PERFORMANCE OF SERVICES DEMCO FOUNDATION INC Q N/A - LESS THAN $50,000 DEMCO ENERGY SERVICES LLC Q 315631 REIMBURSEMENTS FOR EXPENSES DIXIE BUSINESS DEVELOPMENT CENTER Q N/A - LESS THAN $50,000 DEMCO FOUNDATION INC O 88325 LABOR DISTRIBUTION DEMCO ENERGY SERVICES LLC O 92987 LABOR DISTRIBUTION DIXIE BUSINESS DEVELOPMENT CENTER R N/A - LESS THAN $50,000 DEMCO FOUNDATION INC R N/A - LESS THAN $50,000 DEMCO ENERGY SERVICES LLC R N/A - LESS THAN $50,000