Civic Intelligence

Southeastern Association Of

EIN 62-1331903 • 501(c)6 • Jackson, MS

Profile

The purpose of the association shall be the advancement and education of commission regulation through the study and discussions of subjects concerning the operation and supervision of public utilities to protect the interests of the people with respect to regulation of the southeastern states; to promote cooperation among the commissions of the twelve member states.

501 N West StreetJackson, MS 39201

www.searuc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

63rd percentile

7.2%

Higher net margin than 63% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$22,000

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

72nd percentile

12%

Faster asset growth than 72% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

68th percentile

11%

Faster revenue growth than 68% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$176,071

Up $71,046 (+68%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Up

$176,071

Up $71,046 (+68%) from 2022

Revenue

Down

$259,445

Down $23,630 (-8.3%) from 2022

Expenses

Down

$188,399

Down $71,513 (-28%) from 2022

Net Income

Up

$71,046

Up $47,883 (+207%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2011: $23,879Liabilities 2011: $02011Assets 2012: $2,964Liabilities 2012: $02012Assets 2013: $2,070Liabilities 2013: $02013Assets 2014: $13,259Net Assets 2014: $13,2592014Assets 2015: $67,654Liabilities 2015: $02015Assets 2016: $137,383Net Assets 2016: $137,3832016Assets 2017: $127,236Net Assets 2017: $127,2362017Assets 2018: $68,187Liabilities 2018: $0Net Assets 2018: $68,1872018Assets 2019: $117,849Liabilities 2019: $0Net Assets 2019: $117,8492019Assets 2020: $95,816Liabilities 2020: $0Net Assets 2020: $95,8162020Assets 2021: $81,862Liabilities 2021: $0Net Assets 2021: $81,8622021Assets 2022: $105,025Liabilities 2022: $0Net Assets 2022: $105,0252022Assets 2023: $176,071Liabilities 2023: $0Net Assets 2023: $176,0712023

Highlighted filing

2023

Assets$176,071
Liabilities$0
Net Assets$176,071

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $26,104Expenses 2011: $35,513Net Income 2011: -$9,4092011Revenue 2012: $36,038Expenses 2012: $56,953Net Income 2012: -$20,9152012Revenue 2013: $47,005Expenses 2013: $47,899Net Income 2013: -$8942013Revenue 2014: $71,198Expenses 2014: $60,009Net Income 2014: $11,1892014Revenue 2015: $177,783Expenses 2015: $123,388Net Income 2015: $54,3952015Revenue 2016: $123,279Expenses 2016: $53,550Net Income 2016: $69,7292016Revenue 2017: $149,695Expenses 2017: $159,842Net Income 2017: -$10,1472017Revenue 2018: $195,189Expenses 2018: $254,238Net Income 2018: -$59,0492018Revenue 2019: $194,152Expenses 2019: $144,490Net Income 2019: $49,6622019Revenue 2020: $1,785Expenses 2020: $23,818Net Income 2020: -$22,0332020Revenue 2021: $20,519Expenses 2021: $34,473Net Income 2021: -$13,9542021Revenue 2022: $283,075Expenses 2022: $259,912Net Income 2022: $23,1632022Revenue 2023: $259,445Expenses 2023: $188,399Net Income 2023: $71,0462023

Highlighted filing

2023

Revenue$259,445
Expenses$188,399
Net Income$71,046

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.76$0.00$1.76$2.59$1.88$0.71
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.00$1.05$2.83$2.60$0.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.82$0.00$0.82$0.21$0.34$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.96$0.00$0.96$0.02$0.24$0.22
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.00$1.18$1.94$1.44$0.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.68$0.00$0.68$1.95$2.54$0.59
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.27$1.27$1.50$1.60$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.37$1.37$1.23$0.54$0.70
2015Summary only. Only limited summary data is available for this year.$0.68$0.00$1.78$1.23$0.54
2014Detailed filing. Detailed filing data is available for this year.$0.13$0.13$0.71$0.60$0.11
2013Summary only. Only limited summary data is available for this year.$0.02$0.00$0.47$0.48$0.01
2012Summary only. Only limited summary data is available for this year.$0.03$0.00$0.36$0.57$0.21
2011Summary only. Only limited summary data is available for this year.$0.24$0.00$0.26$0.36$0.09
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Aug 1, 2021 to Jul 31, 2022
Signed
Jul 26, 2023
Return Version
2021v4.2
Gross Receipts
$283,075
Mission and Program Overview

Mission

The purpose of the association shall be the advancement and education of commision regulation through the study and discussion of subjects concerning the operation and supervision of public utilities to protect the interests of the people with respect to regulation of the southeastern states, and to promote cooperation amoung the commissions of the twelve (12) member states.

The purpose of the association shall be the advancement and education of commission regulation through the study and discussion of subjects concerning operation and supervision of public utilities to protect the interest of the people with respect to regulation of the southeastern states and to promote cooperation among the commissions of the twelve (12) member states.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$81,862$105,025▲ $23,163
Rtn Earn Endowment Incm Other Fnds$81,862$105,025▲ $23,163
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$81,862$105,025▲ $23,163
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$81,862$105,025▲ $23,163
Total Liabilities and Net Assets / Fund Balance$81,862$105,025▲ $23,163
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ross HammonsExecutive DirectorPT$20,000$20,000

Board Members and Trustees

NameTitle
Kenneth HillPast President
Lillian Mateo-santosPresident
Eric Skrmetta1st Vice President
Floyd Mckissick2nd Vice President
Jeremy OdenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$283,075
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$23,163
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$239,912
Salaries, Compensation, and Employee Benefits$20,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$219,462
Current Officers, Directors, Trustees, and Key Employees---$20,000
Travel---$5,183
Other Expenses---$1,270
All Other Expenses---$20
Total Functional Expenses$0$0$0$259,912
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Searuc has 12 commissioner members: alabama, arkansas, florida, georgia, kentucky, louisiana, mississippi, north carolina, puerto rico, south carolina, tennessee and texas.

Form 990, Part VI, Section A, Line 7A

The entire membership (11 states and territory of puerto rico agency members) vote as a whole to elect new officers each year.

Form 990, Part VI, Section B, Line 11B

The organization's form 990 is reviewed by the executive director prior to filing.

Form 990, Part VI, Section C, Line 19

The organization's governing documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Southeastern Association of Regulatory
EIN
62-1331903
Phone
6019615436
Address
501 N WEST STREET, JACKSON, MS 39201

Signing Officer

Name
Corbin Ross Hammons
Title
Executive Director
Phone
6019615436
Signed
2023-07-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Corbin Ross Hammons
Formed
1989
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Horne Llp
Address
661 SUNNYBROOK ROAD STE 100, RIDGELAND, MS 39157
Preparer
Amy Wilson Smith CPA
Phone
6013261000
Supplemental Narrative

Additional Explanations

Amended Return

The organization is filing an amended return to provide updated information for the following parts/schedules: 1. Part vi, section a, line 7a and related explanation. 2. Part vii, section a, line 1d to correct reportable compensation from the organization.

Raw XML Appendix287 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0THE PURPOSE OF THE ASSOCIATION SHALL BE THE ADVANCEMENT AND EDUCATION OF COMMISSION REGULATION THROUGH THE STUDY AND DISCUSSION OF SUBJECTS CONCERNING OPERATION AND SUPERVISION OF PUBLIC UTILITIES TO PROTECT THE INTEREST OF THE PEOPLE WITH RESPECT TO REGULATION OF THE SOUTHEASTERN STATES AND TO PROMOTE COOPERATION AMONG THE COMMISSIONS OF THE TWELVE (12) MEMBER STATES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11ST VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt22ND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEARUC HAS 12 COMMISSIONER MEMBERS: ALABAMA, ARKANSAS, FLORIDA, GEORGIA, KENTUCKY, LOUISIANA, MISSISSIPPI, NORTH CAROLINA, PUERTO RICO, SOUTH CAROLINA, TENNESSEE AND TEXAS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ENTIRE MEMBERSHIP (11 STATES AND TERRITORY OF PUERTO RICO AGENCY MEMBERS) VOTE AS A WHOLE TO ELECT NEW OFFICERS EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION IS FILING AN AMENDED RETURN TO PROVIDE UPDATED INFORMATION FOR THE FOLLOWING PARTS/SCHEDULES: 1. PART VI, SECTION A, LINE 7A AND RELATED EXPLANATION. 2. PART VII, SECTION A, LINE 1D TO CORRECT REPORTABLE COMPENSATION FROM THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4AMENDED RETURN
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IRS990/USAddress/CityNm0JACKSON
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039201
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.SEARUC.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CORBIN ROSS HAMMONS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06019615436
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHEASTERN ASSOCIATION OF REGULATORY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0UTILITY COMMISSIONERS
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0621331903
ReturnHeader/Filer/PhoneNum06019615436
ReturnHeader/Filer/USAddress/AddressLine1Txt0501 N WEST STREET
ReturnHeader/Filer/USAddress/CityNm0JACKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039201
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201941244
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HORNE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0661 SUNNYBROOK ROAD STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RIDGELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd039157
ReturnHeader/PreparerPersonGrp/PhoneNum06013261000
ReturnHeader/PreparerPersonGrp/PreparationDt02023-07-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMY WILSON SMITH CPA
ReturnHeader/ReturnTs02023-07-28T12:12:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CORBIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ROSS HAMMONS
ReturnHeader/TaxPeriodBeginDt02021-08-01
ReturnHeader/TaxPeriodEndDt02022-07-31
ReturnHeader/TaxYr02021

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