SOUTHSIDE ELECTRIC COOPERATIVE INCORPORATED: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- SOUTHSIDE ELECTRIC COOPERATIVE INCORPORATED (EIN 54-0387895)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-11-11
- IRS object ID
- 201443159349303364
- Schema version
- 2013v3.1
- 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 | 2014-11-11T16:43:16-08:00 | ReturnTs |
| Tax Period End | 2013-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ADAMS JENKINS CHEATHAM PC | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 231 WYLDEROSE DR | AddressLine1 |
| City | MIDLOTHIAN | City |
| State | VA | State |
| ZIP Code | 231136845 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540387895 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SOUTHSIDE ELECTRIC COOPERATIVE INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SOUT | BusinessNameControlTxt |
| Phone | 4346457721 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | POST OFFICE BOX 7 | AddressLine1 |
| City | CREWE | City |
| State | VA | State |
| ZIP Code | 23930 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JEFFREY S EDWARDS | PersonNm |
| Person Title | President & CEO | PersonTitleTxt |
| Signature | 2014-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | G STEVEN GILLIAM CPA | PreparerPersonNm |
| PTIN | P00348264 | PTIN |
| Phone | 8043231313 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JEFFREY S EDWARDS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2000 WEST VIRGINIA AVENUE | AddressLine1 |
| City | CREWE | City |
| State | VA | State |
| ZIP Code | 23930 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $109,955,458 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| All Affiliates Included | false | AllAffiliatesIncludedInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.SEC.COOP | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1937 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | Safe and effective distribution of electricity to the members of Southside Electric Cooperative. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 156 | TotalEmployeeCnt |
| Total Gross UBI | $100,527 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $94,437 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $107,458,734 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $107,313,359 | CYProgramServiceRevenueAmt |
| PY Investment Income | $240,378 | PYInvestmentIncomeAmt |
| CY Investment Income | $108,678 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,220,497 | PYOtherRevenueAmt |
| CY Other Revenue | $2,503,251 | CYOtherRevenueAmt |
| PY Total Revenue | $109,919,609 | PYTotalRevenueAmt |
| CY Total Revenue | $109,925,288 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $2,604,571 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $2,030,244 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $16,179,491 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $16,108,226 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $90,352,757 | PYOtherExpensesAmt |
| CY Other Expenses | $90,951,563 | CYOtherExpensesAmt |
| PY Total Expenses | $109,136,819 | PYTotalExpensesAmt |
| CY Total Expenses | $109,090,033 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $782,790 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $835,255 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $278,419,502 | TotalAssetsBOYAmt |
| Total Assets EOY | $297,901,250 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $183,736,904 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $203,399,751 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $94,682,598 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $94,501,499 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Safe and effective distribution of electricity to the members of Southside Electric Cooperative. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | 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 $64,384,599Salaries and wages 11,357,471Depreciation 9,704,152 | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 27 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 156 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Excess Business Holdings | false | ExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Members And Shr Gross Income | $107,313,359 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $2,384,750 | OtherSourcesGrossIncomeAmt |
| Org Filed In Lieu Of Form1041 | false | OrgFiledInLieuOfForm1041Ind |
| Licensed More Than One State | false | LicensedMoreThanOneStateInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | THE CORPORATION | PersonNm |
| Phone | 8005522118 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Post Office Box 7 | AddressLine1 |
| City | CREWE | City |
| State | VA | State |
| ZIP Code | 23930 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| FRANK W BACON | ||||||||
| Chairman | 16.00 | 0.00 | Yes (X) | Yes (X) | $24,000 | $0 | $0 | |
| EARL C CURRIN JR | ||||||||
| VICE CHAIRMAN | 14.00 | 0.00 | Yes (X) | Yes (X) | $24,000 | $0 | $0 | |
| HERBERT E WINN | ||||||||
| Treasurer | 16.00 | 0.00 | Yes (X) | Yes (X) | $24,000 | $0 | $0 | |
| PAUL S BENNETT | ||||||||
| Secretary | 10.00 | 0.00 | Yes (X) | Yes (X) | $24,000 | $0 | $0 | |
| CHARLES J FRIEDL | ||||||||
| Director | 12.00 | 0.00 | Yes (X) | $24,000 | $0 | $0 | ||
| LILLIAN H HICKS | ||||||||
| Director | 8.00 | 0.00 | Yes (X) | $6,000 | $0 | $0 | ||
| MICHAEL LOBUE | ||||||||
| Director | 12.00 | 0.00 | Yes (X) | $24,000 | $0 | $0 | ||
| KRISTE MARTIN WALLACE | ||||||||
| Director | 8.00 | 0.00 | Yes (X) | $24,000 | $0 | $0 | ||
| WILLIAM WHITE | ||||||||
| Director | 8.00 | 0.00 | Yes (X) | $24,000 | $0 | $0 | ||
| DORSEY L DRAWHORN | ||||||||
| DIRECTOR | 7.00 | 0.00 | Yes (X) | $18,000 | $0 | $0 | ||
| JEFFREY S EDWARDS | ||||||||
| President & CEO | 55.00 | 0.00 | Yes (X) | $389,581 | $0 | $426,359 | ||
| DANNY HAMMOND | ||||||||
| MGR. OF FINANCE | 50.00 | 0.00 | Yes (X) | $181,551 | $0 | $78,824 | ||
| Frank Harris | ||||||||
| MGR. member relat. | 40.00 | 0.00 | $157,741 | $0 | $59,903 | Yes (X) | ||
| Ricky Hux | ||||||||
| Apparatus Tech | 54.00 | 0.00 | $133,297 | $0 | $53,972 | Yes (X) | ||
| George Felts | ||||||||
| MGR. Eng. & Oper. | 50.00 | 0.00 | $179,629 | $0 | $101,793 | Yes (X) | ||
| Jean Morris | ||||||||
| Mgr. Human Res. | 50.00 | 0.00 | $131,910 | $0 | $112,551 | Yes (X) | ||
| Dennis Bell | ||||||||
| Line Tech Sup. | 51.00 | 0.00 | $129,638 | $0 | $48,348 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,519,347 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $881,750 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 29 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DAVIS H ELLIOT | |||||
| PO BOX 37251 | BALTIMORE | MD | 21297 | ELECTRIC CONTRACTOR | $611,187 |
| Townsend Tree Service | |||||
| PO Box 128 | Parker City | IN | 47368 | TREE REMOVAL | $2,799,486 |
| T&D Solutions | |||||
| PO Box 11948 | Alexandria | LA | 71315 | Line Construction | $1,761,489 |
| Lee Electrical Construction | |||||
| PO Box 55 | Aberdeen | NC | 28315 | Line Construction | $641,799 |
| J L MALONE | |||||
| PO BOX 3367 | ALBANY | GA | 31706 | ELECTRIC CONTRACTOR | $530,312 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 14 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Sale and Dist. of elect. | Desc |
| Business | 221000 | BusinessCd |
| Total Revenue Column | $107,313,359 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $107,313,359 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $107,313,359 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $108,678 | TotalRevenueColumnAmt |
| Exclusion | $108,678 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $382,154 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $30,170 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $351,984 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $351,984 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $100,126 | UnrelatedBusinessRevenueAmt |
| Exclusion | $251,858 | ExclusionAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| Cash Patronage Rec. | 221000 | $277,953 | $277,953 | |
| Cont. In aid of Const. | 221000 | $1,872,913 | $1,872,913 | |
| Virginia Capital K-1 | $401 | $401 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,151,267 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $109,925,288 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $109,464,225 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $100,527 | UnrelatedBusinessRevenueAmt |
| Exclusion | $360,536 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,030,244 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,292,315 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,357,471 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,504,152 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $954,288 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $186,893 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,871,831 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $223,221 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,080,894 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,704,152 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| Cost of power | $64,384,599 |
| Dist. Maintenance | $7,911,867 |
| Admin & General | $2,739,444 |
| Distribution Oper | $1,537,456 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$3,688,794 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $109,090,033 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,122 | BOYAmt |
| EOY | $2,231,107 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,242,881 | BOYAmt |
| EOY | $16,915,379 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $865,924 | BOYAmt |
| EOY | $714,173 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,802,798 | BOYAmt |
| EOY | $10,072,495 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $302,249,324 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $80,877,469 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $211,931,993 | BOYAmt |
| EOY | $221,371,855 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,521,510 | BOYAmt |
| EOY | $45,543,549 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,052,274 | BOYAmt |
| EOY | $1,052,692 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $278,419,502 | BOYAmt |
| EOY | $297,901,250 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,497,954 | BOYAmt |
| EOY | $7,753,294 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $171,368,256 | BOYAmt |
| EOY | $191,017,197 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,870,694 | BOYAmt |
| EOY | $4,629,260 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $183,736,904 | BOYAmt |
| EOY | $203,399,751 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,682,598 | BOYAmt |
| EOY | $94,501,499 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,682,598 | BOYAmt |
| EOY | $94,501,499 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $278,419,502 | BOYAmt |
| EOY | $297,901,250 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $835,255 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$1,016,354 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $302,249,324 | OtherCostOrOtherBasisAmt |
| Depreciation | $80,877,469 | DepreciationAmt |
| Book Value | $221,371,855 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $221,371,855 | TotalBookValueLandBuildingsAmt |
| Total Book Value Program Rltd | $45,543,549 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED SICK LEAVE | $143,267 |
| CONSUMER deposits | $2,481,934 |
| Deferred credits | $462,662 |
| other | $1,541,397 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $4,629,260 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $109,072,348 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $109,072,348 | RevenueSubtotalAmt |
| Other Revenues Not Included | $852,940 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $852,940 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $109,925,288 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $107,042,104 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $107,042,104 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $2,047,929 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $2,047,929 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $109,090,033 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S | CONTRIBUTION IN AID OF CONSTRUCTION $1872913 COVERSION TO CASH PATRONAGE RECEIVED $-1037658 Rental expense netted against revenue $-29870 Nonoperating expense netted against rev $47555 |
| Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S | Patronage Div. paid to members' accts. $2030244 Nonoperating rev/exp netted against exp $17685 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| DANNY HAMMOND | ||||||
| MGR. OF FINANCE | $171,338 | $1,813 | $8,400 | $68,250 | $10,574 | $260,375 |
| Dennis Bell | ||||||
| Line Tech Sup. | $129,638 | $34,652 | $13,696 | $177,986 | ||
| Frank Harris | ||||||
| MGR. member relat. | $157,741 | $54,366 | $5,537 | $217,644 | ||
| George Felts | ||||||
| MGR. Eng. & Oper. | $179,629 | $91,219 | $10,574 | $281,422 | ||
| Jean Morris | ||||||
| Mgr. Human Res. | $131,910 | $101,647 | $10,904 | $244,461 | ||
| JEFFREY S EDWARDS | ||||||
| President & CEO | $371,841 | $3,740 | $14,000 | $412,598 | $13,761 | $815,940 |
| Ricky Hux | ||||||
| Apparatus Tech | $133,297 | $43,398 | $10,574 | $187,269 | ||
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (15 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | Southside Electric Cooperative is an electric cooperative that delivers electricity to the members of the cooperative. |
| Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | Members of the governing body are subject to approval by the members as provided in its bylaws. |
| Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders | Certain decisions of the governing body are subject to approval by the members as provided for in its bylaws. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | Manager of Finance and CEO review tax return with the board prior to filing. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | Anyone that has a conflict of interest will excuse themselves from discussions or voting on subject matter where a possible conflict exists. |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | 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. Also, the compensation committee approves all other payroll increases in total. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | 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. |
| Other Changes In Net Assets Or Fund Balances - Other Decreases | CONTRIBUTIONS IN AID OF CONSTRUCTION NOT REVENUE PER GAAP = -$1872913 |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Net change in donated capital and memberships = $364767 |
| Other Changes In Net Assets Or Fund Balances - Other Increases | non-cash patronage allocations not revenue per irs = $1037658 |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Patronage Div. paid to members' accts. not expense per gaap = $2030244 |
| Other Changes In Net Assets Or Fund Balances - Other Decreases | Retirement of Capital Credits = -$2576110 |
| 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 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. |
| 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. |