2025-11-14T14:55:27-05:00 2024-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2024-01-01 540387895 SOUTHSIDE ELECTRIC COOPERATIVE INC SOUT 4346457721 POST OFFICE BOX 7 CREWE VA 23930 JASON LOEHR PRESIDENT & CEO 4346457721 2025-11-15 true true G STEVEN GILLIAM CPA P00348264 8043231313 2025-11-13 2024 2025-03-06 01:10:19Z JASON LOEHR 2000 WEST VIRGINIA AVE CREWE VA 23930 145330158 false X WWW.SEC.COOP X 1937 VA SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF SOUTHSIDE ELECTRIC COOPERATIVE. 10 10 147 226262 225262 0 135345450 143751143 188390 795178 702731 692478 136236571 145238799 0 2422472 3425365 20997687 22656760 0 0 109817749 114499434 133237908 140581559 2998663 4657240 366924000 363846379 237454804 233711846 129469196 130134533 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF SOUTHSIDE ELECTRIC COOPERATIVE. false false SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 79,834,028 OTHER SALARIES AND WAGES 16,028,767 DEPRECIATION AND AMORTIZATION 14,045,217 false false false false false false false false false true false true false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 60 1 true 147 true true true false false false false 137823379 7040563 false false false X 10 10 false false true false true true true true true false false true true true true true true true true false VA X X THE CORPORATION 8005522118 POST OFFICE BOX 7 CREWE VA 23930 X GEORGE FELTS VP ENGINEERI 40.00 X 431287 0 173231 JASON LOEHR PRESIDENT & 40.00 X 373801 0 103663 RONALD WHITE VP MEMBER SE 40.00 X 260381 0 82758 LOUIS URBINE DIRECTOR OF 40.00 X 179904 0 157815 JACOB MCCANN VP HUMAN RES 40.00 X 230739 0 64624 SHEENA LANKFORD VP MEMBER EN 40.00 X 234468 0 48760 CARLY BULLOCK CFO 40.00 X 226592 0 38893 DANIEL DUFOUR FORMER CFO 40.00 X 172108 0 5061 FRANK W BACON CHAIRMAN 24.98 X X 45000 0 0 PAUL S BENNETT SECRETARY 5.05 X X 30000 0 0 CHARLES J FRIEDL DIRECTOR 6.05 X 30000 0 0 BRENDA JOHNSON DIRECTOR 7.63 X 30000 0 0 CLIVE PETTIS DIRECTOR 5.56 X 30000 0 0 SARAH SAUNDERS DIRECTOR 7.76 X 30000 0 0 WILLIAM WHITE DIRECTOR 10.81 X 30000 0 0 KRISTIE MARTIN WALLACE DIRECTOR 10.02 X 27500 0 0 EARL C CURRIN JR VICE CHAIRMA 5.75 X X 20000 0 0 TRACY M GEE DIRECTOR 5.75 X 7500 0 0 2389280 674805 79 false true false TOWNSEND TREE SERVICE PO BOX 7015 MUNCIE IN 47308 TREE REMOVAL 4351164 CAROLINA POWER & SIGNALIZATION 1416 MIDDLE RIVER LOOP FAYETTEVILLE NC 28312 CONSTRUCTION 2230841 ASPLUNDH TREE EXPERT LLC 708 BLAIR MILL ROAD WILLOW GROVE PA 19090 TREE REMOVAL 1726529 OSMOSE UTILITIES SERVICES INC 191 PEACHTREE STREET NE SUITE 500 ATLANTA GA 30303 POLE INSPECTION 1139863 ROCKY CREEK TREE SERVICE 13200 HAW BRANCH LANE AMELIA VA 23002 TREE REMOVAL 1139565 13 SALE AND DIST. OF ELECT. 221000 137823379 137823379 CONT. IN AID OF CONST. 221000 5617720 5617720 CASH PATRONAGE REC. 221000 310044 310044 143751143 795178 795178 783837 91359 692478 692478 226262 466216 145238799 143751143 226262 1261394 X 3425365 1200119 16028767 4083772 1344102 132025 3134517 399406 7947580 14045217 COST OF POWER 79834028 DIST. MAINTENANCE 11415282 ADMIN & GENERAL 3489377 DISTRIBUTION OPERATION 2224271 -8122269 140581559 0 0 0 10169765 10748992 1491224 8919955 42870209 32732872 4843436 4222474 222829 489711 417591713 168625028 250504201 248966685 56119399 57068934 702937 696756 366924000 363846379 9191696 14860345 221363603 211715695 6899505 7135806 237454804 233711846 X 129469196 130134533 129469196 130134533 366924000 363846379 X 4657240 -3991903 X false true X true false 417591713 168625028 248966685 248966685 PATRONAGE CAPITAL 54425060 C CAPITAL TERM CERTIFICATES 1966721 C TEC TRADING 622500 C OTHER 54653 C 57068934 CONSUMER DEPOSITS 3082243 OTHER CURRENT LIABILITIES 1613731 ACCRUED PAYROLL 816563 AR CREDIT BALANCES 768955 DEFERRED CREDITS 544288 PATRONAGE CAPITAL PAYABLE 236976 ACCRUED SICK LEAVE 73050 7135806 X 140668840 140668840 4569959 4569959 145238799 137243475 137243475 3338084 3338084 140581559 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION TOPIC 740. THE COOPERATIVE HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THIER TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. SCHEDULE D, PAGE 4, PART XI, LINE 4B CIAC NOT REVENUE PER GAAP 5,617,720 RENTAL EXPENSE NETTED AGAINST REVENUE -91,359 NONOPERATING EXP NETTED AGAINST REVENUE 4,078 BOOK TO TAX CONVERSION PATRONAGE REC -960,480 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIV. PAID TO MEMBERS' ACCTS 3,425,365 RENTAL EXP NETTED AGAINST RENTAL INCOME -91,359 NONOPERATING EXP NETTED AGAINST REVENUE 4,078 X X X X false false false GEORGE FELTS VP ENGINEERING & OPS 415964 6428 8895 149462 23769 604518 JASON LOEHR PRESIDENT & CEO 365664 797 7340 73749 29914 477464 RONALD WHITE VP MEMBER SER & PR 243360 746 16275 75807 6951 343139 LOUIS URBINE DIRECTOR OF OPS 172235 744 6925 136539 21276 337719 JACOB MCCANN VP HUMAN RESOURCES 220690 746 9303 37492 27132 295363 SHEENA LANKFORD VP MEMBER ENGAGEMENT 220882 746 12840 25750 23010 283228 CARLY BULLOCK CFO 211232 6355 9005 16479 22414 265485 DANIEL DUFOUR FORMER CFO 170929 1179 5061 177169 FORM 990 990 PART IX LINE 17 "TRAVEL COSTS" TRAVEL COSTS INCLUDES THE EXPENSES OF PURCHASING, LEASING, OPERATING, AND REPAIRING ANY VEHICLES OWNED BY THE ORGANIZATION AND USED IN THE ORGANIZATION'S ACTIVITIES. TRAVEL COSTS ALSO INCLUDE TRANSPORTATION COSTS, MEALS AND LODGING, AND PER DIEM PAYMENTS. 990 PART IX LINE 4 "BENEFITS PAID TO OR FOR MEMBERS" PATRONAGE DIVIDENDS PAID TO MEMBERS' ACCOUNTS ARE IN ACCORDANCE WITH THE PRE-EXISTING OBLIGATION IN SOUTHSIDE ELECTRIC COOPERATIVE'S BY-LAWS. THE COOPERATIVE IS OBLIGATED TO PAY BY CREDITS TO A CAPITAL ACCOUNT FOR EACH PATRON ALL SUCH AMOUNTS IN EXCESS OF OPERATING COSTS AND EXPENSES. IRS INSTRUCTIONS FOR LINE 4 CHANGED IN 2011 TO INCLUDE PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS. ACCORDINGLY, THESE AMOUNTS ARE NOW REPORTED ON LINE 4. FORM 990, PAGE 6, PART VI, LINE 4 DURING THE TAX YEAR, SOUTHSIDE ELECTRIC COOPERATIVE AMENDED ITS BYLAWS TO PROVIDE ADDITIONAL FLEXIBILITY IN CONDUCTING ANNUAL MEETINGS, INCLUDING AUTHORIZATION FOR VIRTUAL OR HYBRID FORMATS WHEN NECESSARY TO ENSURE BROAD MEMBER PARTICIPATION AND CONTINUITY OF GOVERNANCE. THE BYLAWS WERE ALSO REVISED TO ENHANCE THE COOPERATIVE'S CAPITAL CREDIT PROVISIONS BY CLARIFYING THE BOARD'S AUTHORITY TO ESTABLISH METHODS FOR RECOVERING OPERATING LOSSES AND TO PROVIDE ADDITIONAL FLEXIBILITY IN THE TIMING AND STRUCTURE OF CAPITAL CREDIT RETIREMENTS, CONSISTENT WITH SOUND FINANCIAL MANAGEMENT AND MEMBER EQUITY PRINCIPLES. FORM 990, PAGE 6, PART VI, LINE 6 SOUTHSIDE ELECTRIC COOPERATIVE IS AN ELECTRIC COOPERATIVE THAT DELIVERS ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS AS PROVIDED IN ITS BYLAWS. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS AS PROVIDED FOR IN ITS BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B THE CFO AND CEO REVIEW TAX RETURN WITH THE BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C ANYONE THAT HAS A CONFLICT OF INTEREST WILL EXCUSE THEMSELVES FROM DISCUSSIONS OR VOTING ON SUBJECT MATTER WHERE A POSSIBLE CONFLICT EXISTS. FORM 990, PAGE 6, PART VI, LINE 15A THE MEMBERS OF THE GOVERNING BOARD ALSO SERVE AS THE COMPENSATION COMMITTEE. ANNUALLY THEY EVALUATE THE PERFORMANCE OF THE CEO AND APPROVE THE COMPENSATION PACKAGE FOR THIS POSITION. FORM 990, PAGE 6, PART VI, LINE 15B THE MEMBERS OF THE GOVERNING BOARD ALSO SERVE AS THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE APPROVES ALL PAYROLL INCREASES IN TOTAL. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL DATA IS PRESENTED TO THE MEMBERS AT THE ANNUAL MEETING AND ALSO INCLUDED IN THE 990 WHICH IS ALSO AVAILABLE UPON REQUEST. FORM 990, PART VII 990 PART VII SECTION A COLUMN F THE COOPERATIVE PARTICIPATES IN THE NRECA GROUP DEFINED PENSION PLAN. AS PART OF THIS PLAN, PARTICIPANTS ARE REQUIRED TO RECOGNIZE THE ACTUARIAL INCREASE IN THE VALUE OF THEIR ACCOUNT ON THE FORM 990. THE CONTRIBUTION RATES FOR PARTICIPANTS IN THE PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THE PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE WITH ALL OTHER THINGS BEING EQUAL. THESE ACTUARIAL INCREASES DO NOT REPRESENT ACTUAL CASH RECEIVED, BUT RATHER AN UNREALIZED ACTUARIAL INCREASE IN RETIREMENT ACCOUNTS THAT IS REQUIRED TO BE REPORTED ON THE FORM 990. FORM 990, PART XI, LINE 9 PATRONAGE DIV PAID TO MEMBERS NOT EXP PER GAAP 3,425,365 NET CHANGE IN DONATED CAPITAL AND MEMBERSHIPS 1,810 NON-CASH PATRONAGE ALLOC NOT REV PER IRS 960,480 CONTRIBUTION IN AID OF CONST NOT REV PER GAAP -5,617,720 RETIREMENT OF CAPITAL CREDITS -2,761,838 TOTAL -3,991,903