SOUTHWEST ARKANSAS ELECTRIC COOP CORP: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- SOUTHWEST ARKANSAS ELECTRIC COOP CORP (EIN 71-0166791)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202513229349301411
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T23:28:29-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 750882037 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLINGER SEGARS GILBERT AND MOSS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8215 NASHVILLE AVENUE | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79423 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 710166791 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTHWEST ARKANSAS ELECTRIC COOPERATIVE | BusinessNameLine1Txt |
| Business Name Line2 | CORP | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SOUT | BusinessNameControlTxt |
| Phone | 8707722743 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1807 | AddressLine1Txt |
| City | TEXARKANA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 755041807 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KECIA WOLF | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 8707722743 | PhoneNum |
| Signature | 2025-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8067473806 | PhoneNum |
| Preparation | 2025-11-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KECIA WOLF | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1807 | AddressLine1Txt |
| City | TEXARKANA | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 755041807 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $91,044,355 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.SWREA.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1937 | FormationYr |
| Legal Domicile State | AR | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 90 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $6,854,676 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $73,254,609 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $82,319,340 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,903,534 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,678,573 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$17,283,862 | PYOtherRevenueAmt |
| CY Other Revenue | $6,046,442 | CYOtherRevenueAmt |
| PY Total Revenue | $57,874,281 | PYTotalRevenueAmt |
| CY Total Revenue | $91,044,355 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $7,850 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $8,849,375 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $13,527,122 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,604,175 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $8,324,057 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $62,521,271 | PYOtherExpensesAmt |
| CY Other Expenses | $68,003,497 | CYOtherExpensesAmt |
| PY Total Expenses | $78,974,821 | PYTotalExpensesAmt |
| CY Total Expenses | $89,862,526 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$21,100,540 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,181,829 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $332,150,322 | TotalAssetsBOYAmt |
| Total Assets EOY | $379,833,618 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $209,865,893 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $240,611,901 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $122,284,429 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $139,221,717 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE FIRST CLASS ELECTRIC SERVICE TO THE MEMBERSHIP AT A VALUED PRICE AND TO PROVIDE OTHER SERVICES THAT ADD VALUE TO THE ORGANIZATION | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 29,336 ACTIVE SERVICES AT YEAR END. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 45 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 90 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Members And Shr Gross Income | $86,107,167 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $10,551,416 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JACQUELINE CARVER VP FINANCE & ACCOUNTING | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8707722743 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2904 E 9TH STREET | AddressLine1Txt |
| City | TEXARKANA | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 71854 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| BRANNON COLLIER | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $29,324 | $0 | $0 | |||
| ALAN GREEN | ||||||||
| VICE CHAIRMAN | 4.00 | Yes (X) | $41,489 | $0 | $0 | Yes (X) | ||
| TOMMY ISBELL | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $26,490 | $0 | $0 | |||
| PAULA MOUNTS | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $31,800 | $0 | $0 | |||
| BRETT RENFRO | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $36,033 | $0 | $0 | |||
| RUSSELL PENDERGRAFT | ||||||||
| CHAIRMAN | 4.00 | Yes (X) | $42,533 | $0 | $0 | Yes (X) | ||
| STACY WOMACK | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $35,299 | $0 | $0 | |||
| ANDY YOUNGBLOOD | ||||||||
| SECRETARY/TREASURER | 4.00 | Yes (X) | $40,533 | $0 | $0 | Yes (X) | ||
| JIM ALFORD | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $39,533 | $0 | $0 | |||
| KECIA WOLF | ||||||||
| PRESIDENT/CEO | 45.00 | $234,098 | $0 | $81,541 | Yes (X) | |||
| JACQUELINE CARVER | ||||||||
| VP/CFO | 50.00 | $82,128 | $0 | $18,971 | Yes (X) | |||
| TIFFANY HALTER | ||||||||
| VP/CFO | 50.00 | $88,548 | $0 | $14,784 | Yes (X) | |||
| GEORGE WALL | ||||||||
| VP - ENGINEERING | 40.00 | $174,266 | $0 | $75,577 | Yes (X) | |||
| BOBBY FENTON | ||||||||
| VP - OPERATIONS | 48.00 | $166,334 | $0 | $118,844 | Yes (X) | |||
| KEVIN KENNEDY | ||||||||
| DIRECTOR - ENGINEERING | 40.00 | $152,833 | $0 | $84,548 | Yes (X) | |||
| TODD SPAKES | ||||||||
| SERVICEMAN | 55.00 | $155,049 | $0 | $57,142 | Yes (X) | |||
| ZACHARY PURIFOY | ||||||||
| LINEMAN | 53.00 | $146,392 | $0 | $32,045 | Yes (X) | |||
| DAKOTA VICKERS | ||||||||
| LINEMAN | 51.00 | $144,990 | $0 | $22,248 | Yes (X) | |||
| GLENN HAYS | ||||||||
| FOREMAN | 51.00 | $138,745 | $0 | $38,805 | Yes (X) | |||
| JOSEPH ROGERS | ||||||||
| SERVICEMAN | 52.00 | $135,100 | $0 | $39,311 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,941,517 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $583,816 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 45 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ERVIN CABLE CONSTRUCTION | |||||
| PO BOX 932157 | ATLANTA | GA | 31193 | CONSTRUCTION | $7,920,823 |
| MDR CONSTRUCTION | |||||
| 621 EAST BAYLIS CHAPEL RD | COLUMBIA | MS | 39429 | CONSTRUCTION | $5,961,572 |
| SDT SOLUTIONS | |||||
| PO BOX 554 | BROOKHAVEN | MS | 39601 | CONSTRUCTION | $5,522,970 |
| CONEXON | |||||
| 2001 GRAND BLVD STE 700 | KANSAS CITY | MO | 64108 | SYSTEM DESIGN/ENGINEERING | $3,766,218 |
| DOUBLE J EXCAVATION | |||||
| 1021 WEST SYPERT | NASHVILLE | AR | 71852 | CONSTRUCTION | $2,130,413 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 11 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SALES OF ELECTRICITY | 221000 | $79,920,602 | $79,920,602 |
| PATRONAGE DIVIDENDS | 221000 | $1,767,202 | $1,767,202 |
| SERVICE FEES | 221000 | $497,765 | $497,765 |
| OTHER PROGRAM REVENUE | 221000 | $133,771 | $133,771 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $82,319,340 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,487,848 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $1,166,430 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,321,418 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $190,725 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $190,725 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $190,725 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $190,725 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| FIBER ACCESS & SHARED SERVICES IN | 517000 | $5,688,246 | $5,688,246 | |
| POLE ATTACHMENT INCOME | 221000 | $358,196 | $358,196 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $6,046,442 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $91,044,355 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $82,510,065 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $6,854,676 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,679,614 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,850 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,000 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,527,122 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,615,506 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,659,659 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $162,023 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,481,422 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $405,447 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,835,126 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,027,829 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $40,891,435 |
| DISTRIBUTION EXPENSE | $6,225,462 |
| ADMIN & GENERAL EXPENSE | $1,646,850 |
| CONSUMER EXPENSE | $1,416,458 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$1,039,663 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $89,862,526 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,787,710 | BOYAmt |
| EOY | $3,454,913 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,715,705 | BOYAmt |
| EOY | $6,037,110 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,775,606 | BOYAmt |
| EOY | $7,878,954 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $457,377 | BOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,843,686 | BOYAmt |
| EOY | $10,038,908 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,434,343 | BOYAmt |
| EOY | $609,675 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $408,242,405 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $83,785,110 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $253,583,026 | BOYAmt |
| EOY | $324,457,295 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $510,000 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,816,805 | BOYAmt |
| EOY | $24,109,146 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,736,064 | BOYAmt |
| EOY | $2,737,617 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $332,150,322 | BOYAmt |
| EOY | $379,833,618 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,051,767 | BOYAmt |
| EOY | $7,709,173 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $189,128,520 | BOYAmt |
| EOY | $224,005,882 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,685,606 | BOYAmt |
| EOY | $8,896,846 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $209,865,893 | BOYAmt |
| EOY | $240,611,901 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $112,745,052 | BOYAmt |
| EOY | $368,040 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $323,303 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,216,074 | BOYAmt |
| EOY | $138,853,677 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $122,284,429 | BOYAmt |
| EOY | $139,221,717 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $332,150,322 | BOYAmt |
| EOY | $379,833,618 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,181,829 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $15,755,459 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,983,742 | OtherCostOrOtherBasisAmt |
| Book Value | $1,983,742 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $9,061,287 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,233,260 | DepreciationAmt |
| Book Value | $4,828,027 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $344,757,612 | OtherCostOrOtherBasisAmt |
| Depreciation | $79,551,850 | DepreciationAmt |
| Book Value | $265,205,762 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $52,439,764 | OtherCostOrOtherBasisAmt |
| Book Value | $52,439,764 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $324,457,295 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (9 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PATRONAGE CAPITAL - NRUCFC | $1,461,176 | C |
| PATRONAGE CAPITAL - AECI | $1,454,104 | C |
| PATRONAGE CAPITAL - AECC | $18,482,839 | C |
| PATRONAGE CAPITAL - NISC | $262,843 | C |
| PATRONAGE CAPITAL - FRIE | $765,155 | C |
| PATRONAGE CAPITAL - OTHER | $78,796 | C |
| CAPITAL TERM CERTIFICATES | $1,141,442 | C |
| INVESTMENTS IN ECO DEVELOPMENT PROJECT | $459,476 | C |
| MEMBERSHIPS | $3,315 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $24,109,146 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCUMULATED PROVISION FOR POSTRETIREMENT BENEFITS | $1,496,326 |
| CONSUMER DEPOSITS | $1,127,683 |
| ACCRUED OPERATING TAXES | $2,101,302 |
| DEFERRED CREDITS - CUSTOMER ADVANCES FOR CONSTRUCTION | $380,116 |
| DEFERRED CREDITS - DEFERRED TAX LIABILITY | $1,140,624 |
| DEFERRED CREDITS - UNCLAIMED CAPITAL CREDIT RETIREMENT | $2,572,528 |
| OTHER REGULATORY LIABILITIES | $78,267 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $8,896,846 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | TAX POSITIONS ARE RECOGNIZED IF IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE TAX POSITION WILL BE REALIZED OR SUSTAINED UPON EXAMINATION. THE TERM "MORE LIKELY THAN NOT" MEANS A LIKELIHOOD OF MORE THAN 50%; THE TERMS "EXAMINED AND "UPON EXAMINATION" ALSO INCLUDE RESOLUTION OF THE RELATED APPEALS OR LITIGATION PROCESSES, IF ANY. A TAX POSITION THAT MEETS THE MORE-LIKELY-THAN NOT RECOGNITION THRESHOLD IS INITIALLY AND SUBSEQUENTLY MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. THE DETERMINATION OF WHETHER OR NOT A TAX POSITION HAS MET THE MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD CONSIDERS THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE REPORTING DATE AND IS SUBJECT TO MANAGEMENT'S JUDGMENT. |
| PART IX: | THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5 PERCENT OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART IX HAS BEEN LEFT BLANK. |
| PART VII: | THE AMOUNT OF INVESTMENTS - OTHER SECURITIES ON FORM 990, PAGE 11, PART X, LINE 12 DOES NOT EQUAL OR EXCEED 5 PERCENT OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART VII HAS BEEN LEFT BLANK. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KECIA WOLF | ||||||||||||||
| PRESIDENT/CEO | $215,974 | $0 | $0 | $0 | $18,124 | $0 | $57,102 | $0 | $24,439 | $0 | $315,639 | $0 | $0 | $0 |
| BOBBY FENTON | ||||||||||||||
| VP - OPERATIONS | $151,104 | $0 | $0 | $0 | $15,230 | $0 | $93,851 | $0 | $24,993 | $0 | $285,178 | $0 | $0 | $0 |
| GEORGE WALL | ||||||||||||||
| VP - ENGINEERING | $171,327 | $0 | $0 | $0 | $2,939 | $0 | $49,333 | $0 | $26,244 | $0 | $249,843 | $0 | $0 | $0 |
| KEVIN KENNEDY | ||||||||||||||
| DIRECTOR - ENGINEERING | $134,556 | $0 | $0 | $0 | $18,277 | $0 | $59,676 | $0 | $24,872 | $0 | $237,381 | $0 | $0 | $0 |
| TODD SPAKES | ||||||||||||||
| SERVICEMAN | $148,759 | $0 | $0 | $0 | $6,290 | $0 | $32,670 | $0 | $24,472 | $0 | $212,191 | $0 | $0 | $0 |
| ZACHARY PURIFOY | ||||||||||||||
| LINEMAN | $146,290 | $0 | $0 | $0 | $102 | $0 | $8,790 | $0 | $23,255 | $0 | $178,437 | $0 | $0 | $0 |
| GLENN HAYS | ||||||||||||||
| FOREMAN | $138,549 | $0 | $0 | $0 | $196 | $0 | $14,295 | $0 | $24,510 | $0 | $177,550 | $0 | $0 | $0 |
| JOSEPH ROGERS | ||||||||||||||
| SERVICEMAN | $131,086 | $0 | $0 | $0 | $4,014 | $0 | $14,839 | $0 | $24,472 | $0 | $174,411 | $0 | $0 | $0 |
| DAKOTA VICKERS | ||||||||||||||
| LINEMAN | $144,954 | $0 | $0 | $0 | $36 | $0 | $9,885 | $0 | $12,363 | $0 | $167,238 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (18 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | BUSINESS RELATIONSHIP: KECIA WOLF (PRESIDENT/CEO) AND ALAN GREEN (DIRECTOR) BOTH SERVE ON THE BOARD OF ARKANSAS ELECTRIC COOPERATIVE CORPORATION (AECC) AT THE REQUEST OF AND FOR THE BENEFIT OF THE COOPERATIVE. KECIA WOLF (PRESIDENT/CEO) AND RUSTY PENDERGRAFT (DIRECTOR) BOTH SERVE ON THE BOARD OF ARKANSAS ELECTRIC COOPERATIVES, INC (AECI) AT THE REQUEST OF AND FOR THE BENEFIT OF THE COOPERATIVE. |
| 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 B, LINE 11B | MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION AND REVIEW PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, THE BOARD POLICIES: A) CONFLICT OF INTEREST POLICY B) WHISTLEBLOWER POLICY AND C) DIRECTOR'S DUTIES AND STANDARDS OF CONDUCT; ARE REVIEWED AT A BOARD OF DIRECTORS MEETING. THE REVIEW IS CONDUCTED BY THE COOPERATIVE'S ATTORNEY. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS HAS A POLICY ON THE PROCESSES OF PERFORMANCE APPRAISALS, AND DEVELOPMENT PLAN FOR THE PRESIDENT AND CEO. ACCORDING TO POLICY, A FORMAL APPRAISAL TAKES PLACE ANNUALLY. A REVIEW OF COMPENSATION OCCURS DURING THIS FORMAL PROCESS. THE LAST FORMAL APPRAISAL OCCURRED IN OCTOBER 2023, EFFECTIVE JANUARY 2024. AN APPRAISAL OF THE PRESIDENT'S PERFORMANCE OCCURS INFORMALLY ON A MONTHLY BASIS AT BOARD MEETINGS. THE LAST COMPENSATION REVIEW, PERFORMED BY INTANDEM, LLC, OCCURRED OCTOBER 31, 2024. ALL NON-UNION EMPLOYEES UNDER THE DIRECTION OF THE PRESIDENT ARE GIVEN ANNUAL APPRAISALS. THE PRESIDENT DIRECTLY APPRAISES THE VICE PRESIDENTS. DEPENDING ON THE APPRAISAL AND THE BOARD APPROVED WAGE AND SALARY PLAN, THE APPRAISED EMPLOYEE RECEIVES A SALARY INCREASE. UPON APPROVAL OF THE BOARD OF DIRECTORS, THE WAGE AND SALARY PLAN FOR NON-UNION EMPLOYEES IS UPDATED ANNUALLY BY A WAGE AND SALARY CONSULTANT. THE WAGES AND BENEFITS OF ALL UNION EMPLOYEES UNDER THE DIRECTION OF THE PRESIDENT ARE COVERED BY A COLLECTIVE BARGAINING AGREEMENT. THE CURRENT CONTRACT WENT INTO EFFECT ON AUGUST 1, 2022, AND EXPIRES AUGUST 1, 2026. ANY CHANGES TO THE AGREEMENT ARE APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY, THE COOPERATIVE'S BYLAWS CAN BE FOUND ON THEIR WEBSITE: WWW.SWREA.COM/ABOUT-US. |
| 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. EMPLOYER CONTRIBUTIONS FOR THE PLAN ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH, DENTAL, VISION AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICERS IS COMPRISED OF THE TOTAL AMOUNT CONTRIBUTED BY THE COOPERATIVE TO THE DEFINED CONTRIBUTION PLAN AND INSURANCE PAID ON BEHALF OF AND FOR THEIR BENEFIT. |
| FORM 990, PART VIII, LINE 2B: | PATRONAGE DIVIDENDS RESULT FROM THE PURCHASE OF WHOLESALE POWER FROM A GENERATION & TRANSMISSION COOPERATIVE. PATRONAGE DIVIDENDS ALSO 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 ITS MEMBERS. |
| FORM 990, PART IX: | THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS PRESECRIBED BY THE RURAL UTILITIES SERVICES (RUS). THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1-23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE 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 THE TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $ 6,275,165 LESS: DIRECTOR FEES REPORTED ON FORMS 1099-NEC (323,034) LESS: EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (394,265) PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 3,246,874 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING AND OTHER ACCOUNTS 4,014 TOTAL WAGES ACCRUED AND/OR PAID $ 8,808,754 |
| FORM 990, PART IX, LINE 24: | ADMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 1,367,848 OFFICE SUPPLIES 535,963 OUTSIDE SERVICES 250,588 INSURANCES AND DAMAGES 285,719 REGULATORY COMMISSION 137,458 DIRECTORS 162,485 ANNUAL MEETING EXPENSE 20,220 DUES AND SUBSCRIPTIONS 149,652 MISC GENERAL EXP 128,189 MAINTENANCE OF GENERAL PLANT 372,841 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $ 3,410,963 LESS: RECLASS OF DONATIONS TO PART IX, LINE 1 (7,850) LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (323,034) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (808,674) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (624,555) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 1,646,850 |
| FORM 990, PART IX, LINE 24E: | OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: OTHER DEDUCTIONS $ 1,339 MERCHANDISING EXPENSES 1,038 PROVISION FOR DEFERRED INCOME TAX BENEFIT (1,187,346) TRANSMISSION 145,306 TOTAL OTHER EXPENSES PER FORM 990, LINE 24E $(1,039,663) |
| 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 CALENDAR TAX 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. 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 2024 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. |
| FORM 990, PART IX, LINE 1: | ALL GRANTS, SPONSORSHIPS, AND/OR DONATIONS ARE MADE TO NON-PROFIT AND CIVIC ORGANIZATIONS THAT ARE LOCATED IN THE COOPERATIVE'S SERVICE AREA, AND ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE. EACH GRANT, SPONSORSHIP, AND/OR DONATION MADE DURING THE YEAR WAS BELOW THE REPORTING THRESHOLD OF SCHEDULE I, PART II. |
| FORM 990, PART XI, LINE 9: | NET CHANGE IN MEMBERSHIPS 1,340. PATRONAGE CAPITAL RETIRED -799,327. UNCLAIMED PATRONAGE CAPITAL RETIREMENT RETAINED PER STATE LAW 589,555. EQUITY METHOD SUBSIDIARY INVESTMENT FOR CURRENT YEAR 1,200,859. CUMULATIVE EQUITY METHOD INVESTMENT IN SUBSIDIARY FOR PRIOR YEARS 3,890,380. CUMULATIVE PROVISION FOR DEFERRED INCOME TAX EXPENSE FOR PRIOR YEARS -2,350,265. OTHER COMPREHENSIVE INCOME - PENSIONS & BENEFITS -304,205. PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 13,527,122. AUDITED FINANCIAL STATEMENTS WERE PREPARED BY AN INDEPENDENT ACCOUNTANT FOR THE COOPERATIVE'S FINANCIAL STATEMENT AUDIT YEAR-END OF SEPTEMBER 30TH. THE TAX RETURN HAS BEEN AND CONTINUES TO BE PREPARED BASED ON A CALENDAR TAX YEAR-END OF DECEMBER 31. |
| FORM 990, PART XII, LINE 2C: | THE BOARD AS A WHOLE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTING THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTHWEST ARKANSAS TELECOMMUNICATIONS AND TECHNOLOGY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2904 E 9TH ST | AddressLine1Txt |
| City | TEXARKANA | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 71854 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 710661638 | EIN |
| Primary Activities | INTERNET SERVICE PROVIDER | PrimaryActivitiesTxt |
| Legal Domicile State | AR | LegalDomicileStateCd |
| Total Income | $0 | TotalIncomeAmt |
| End Of Year Assets | $32,207,766 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTHWEST ARKANSAS ELECTRIC COOPERATIVE CORPORATION | BusinessNameLine1Txt |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTHWEST ARKANSAS TELECOMMUNICATIONS AND TECHNOLOGY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2904 E 9TH STREET | AddressLine1Txt |
| City | TEXARKANA | CityNm |
| State Abbreviation | AR | StateAbbreviationCd |
| ZIP | 71854 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 710661638 | EIN |
| Primary Activities | INTERNET SERVICE PROVIDER | PrimaryActivitiesTxt |
| Legal Domicile State | AR | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTHWEST ARKANSAS ELECTRIC COOPERATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $10,575,423 | ShareOfTotalIncomeAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (5 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| SOUTHWEST ARKANSAS TELECOMMUNICATIONS AND TECHNOLOGY | ||
| A | $6,854,676 | SCHEDULES & AGREEMENTS |
| SOUTHWEST ARKANSAS TELECOMMUNICATIONS AND TECHNOLOGY | ||
| D | $10,325,970 | LINE OF CREDIT AGREEMENT |
| SOUTHWEST ARKANSAS TELECOMMUNICATIONS AND TECHNOLOGY | ||
| O | $317,014 | DIRECT LABOR $ & HOURS |
| SOUTHWEST ARKANSAS TELECOMMUNICATIONS AND TECHNOLOGY | ||
| R | $4,570,658 | BILLING & COLLECTING FOR SUB |
| SOUTHWEST ARKANSAS TELECOMMUNICATIONS AND TECHNOLOGY | ||
| S | $887,971 | LINE OF CREDIT AGREEMENT |