Civic Intelligence

Southeastern Electric Cooperative Inc

990 • Fiscal year 2017 • EIN 73-0457520

Jan 01, 2017 to Dec 31, 2017 • Filed on May 16, 2018

Organization ProfileWWW.SE-COOP.COM
PO Box 1370Durant, OK 74702

(580) 924-2170

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

25th percentile

0.39x

Higher debt load relative to assets than 25% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

19th percentile

0.81x

Higher debt load relative to revenue than 19% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Net Margin

7th percentile

-1.3%

Higher net margin than 7% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

72nd percentile

$286,545

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2017

Asset Growth

11th percentile

-1.1%

Faster asset growth than 11% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

23rd percentile

-2.0%

Faster revenue growth than 23% of similar nonprofits.

2017 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets25th percentile

Assets

Down

$59,900,289

Down $636,067 (-1.1%) from 2016

Net Assets

Up

$36,515,824

Up $287,868 (+0.8%) from 2016

Liabilities

Down

$23,384,465

Down $923,935 (-3.8%) from 2016

Revenue And Expenses
Liabilities / Revenue19th percentileNet Margin7th percentile

Revenue

Down

$28,979,303

Down $581,695 (-2.0%) from 2016

Expenses

Down

$29,359,660

Down $977,556 (-3.2%) from 2016

Net Income

Up

-$380,357

Up $395,861 (+51%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $47,071,088Liabilities 2010: $22,630,934Net Assets 2010: $24,440,1542010Assets 2011: $47,713,825Liabilities 2011: $21,259,955Net Assets 2011: $26,453,8702011Assets 2012: $47,435,352Liabilities 2012: $20,477,245Net Assets 2012: $26,958,1072012Assets 2013: $52,614,923Liabilities 2013: $23,683,446Net Assets 2013: $28,931,4772013Assets 2014: $53,992,925Liabilities 2014: $22,658,679Net Assets 2014: $31,334,2462014Assets 2015: $55,040,151Liabilities 2015: $21,078,435Net Assets 2015: $33,961,7162015Assets 2016: $60,536,356Liabilities 2016: $24,308,400Net Assets 2016: $36,227,9562016Assets 2017: $59,900,289Liabilities 2017: $23,384,465Net Assets 2017: $36,515,8242017Assets 2018: $64,037,525Liabilities 2018: $26,082,302Net Assets 2018: $37,955,2232018Assets 2019: $69,697,279Liabilities 2019: $29,832,840Net Assets 2019: $39,864,4392019Assets 2020: $71,270,310Liabilities 2020: $28,831,503Net Assets 2020: $42,438,8072020Assets 2021: $83,173,851Liabilities 2021: $38,965,449Net Assets 2021: $44,208,4022021Assets 2022: $87,750,718Liabilities 2022: $41,543,614Net Assets 2022: $46,207,1042022Assets 2023: $91,690,258Liabilities 2023: $42,154,956Net Assets 2023: $49,535,3022023Assets 2024: $95,287,582Liabilities 2024: $43,227,178Net Assets 2024: $52,060,4042024

Highlighted filing

2017

Assets$59,900,289
Liabilities$23,384,465
Net Assets$36,515,824
Open 2017 Filing

Operations Trend

Revenue Growth23rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $23,342,0682010Expenses 2011: $26,379,6522011Expenses 2012: $24,656,4342012Revenue 2013: $27,232,522Expenses 2013: $28,129,731Net Income 2013: -$897,2092013Revenue 2014: $31,317,050Expenses 2014: $33,000,072Net Income 2014: -$1,683,0222014Revenue 2015: $28,770,320Expenses 2015: $29,952,013Net Income 2015: -$1,181,6932015Revenue 2016: $29,560,998Expenses 2016: $30,337,216Net Income 2016: -$776,2182016Revenue 2017: $28,979,303Expenses 2017: $29,359,660Net Income 2017: -$380,3572017Revenue 2018: $33,073,549Expenses 2018: $33,073,549Net Income 2018: $02018Revenue 2019: $35,144,946Expenses 2019: $35,144,946Net Income 2019: $02019Revenue 2020: $35,008,673Expenses 2020: $35,008,673Net Income 2020: $02020Revenue 2021: $40,665,061Expenses 2021: $40,665,061Net Income 2021: $02021Revenue 2022: $46,140,293Expenses 2022: $46,140,293Net Income 2022: $02022Revenue 2023: $42,899,403Expenses 2023: $42,899,403Net Income 2023: $02023Revenue 2024: $43,867,700Expenses 2024: $43,867,700Net Income 2024: $02024

Highlighted filing

2017

Revenue$28,979,303
Expenses$29,359,660
Net Income-$380,357
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 16, 2018
Return Version
2017v2.3
Gross Receipts
$28,987,054
Mission and Program Overview

Mission

To provide electricity to members on a cooperative basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$40,562,925$43,229,069▲ $2,666,144
Rtn Earn Endowment Incm Other Fnds$35,150,037$35,277,350▲ $127,313
Investments in Publicly Traded Securities$12,010,233$12,390,590▲ $380,357
Accounts Receivable$1,923,391$2,133,081▲ $209,690
Pd in Cap Srpls Land Bldg Eqp Fund$1,025,124$1,184,859▲ $159,735
Cash and Non-Interest-Bearing Accounts$4,882,902$1,128,948▼ $3,753,954
Prepaid Expenses and Deferred Charges$831,955$714,778▼ $117,177
Inventories for Sale or Use$324,950$303,823▼ $21,127
Cap Stk Tr Prin Current Funds$52,795$53,615▲ $820
Total Assets$60,536,356$59,900,289▼ $636,067
Liabilities
Mortgage Notes Payable Secured by Investment Property$20,332,399$19,065,662▼ $1,266,737
Accounts Payable and Accrued Expenses$3,976,001$4,318,803▲ $342,802
Total Liabilities$24,308,400$23,384,465▼ $923,935
Net Assets / Fund Balance
Total Net Assets Fund Balance$36,227,956$36,515,824▲ $287,868
Total Liabilities and Net Assets / Fund Balance$60,536,356$59,900,289▼ $636,067

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$41,231,167$17,537,480$58,768,647
Buildings$1,693,957$1,054,134$2,748,091
Land$303,945-$303,945
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Larry SpeaksGmFT$216,754$69,791$286,545
James FoxAssistant GmFT$111,858$40,641$152,499
Michael GreenWorking ForeFT$103,072$26,335$129,407
David BlackburnMember-$37,416-$37,416
Odis WillinghamPresident-$36,303-$36,303
Dennis BowenVice-preside-$36,303-$36,303
James DancerMember-$36,156-$36,156
Lloyd OwensSec/treas-$36,153-$36,153
Anthony DillardMember-$35,883-$35,883
Tracy RogersMember-$21,573-$21,573
David KellyMember-$21,433-$21,433
Casey RobinsonMember-$21,153-$21,153
Robert ShepardMember-$3,052-$3,052

Highest Paid Contractors

ContractorServicesLocationCompensation
Metts Powerline Construction INCR/w Tree Trimmi3307 N WASHINGTON, Durant, OK 74701$1,937,163
Metts Powerline Construction INCPower Lines3307 N WASHINGTON, Durant, OK 74701$1,546,988
Progressive Solutions LLCR/w SprayingPO BOX 1130, Marshall, AR 72650$252,020
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$26,414,632
Investment Income
$454,539
Other Revenue
$2,110,132
Change in Net Assets
$-380,357

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,979,303
Revenue Not Reported on Form 990
$380,356
Total Revenue per Audited Statements
$29,359,659
Total Revenue per Form 990
$28,979,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$27,739,851
Salaries, Compensation, and Employee Benefits$853,876
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$1,939,305
Benefits to Members---$765,933
Current Officers, Directors, Trustees, and Key Employees---$724,469
Interest---$707,799
Other Expenses---$583,407
Other Salaries and Wages---$129,407
Total Functional Expenses$0$0$0$29,359,660

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$29,359,660
Expenses per Audited Statements$28,593,727
Total Expenses per Audited Statements$28,593,727
Expenses Not Reported on Financial Statements$765,933
Other Expense Adjustments$765,933
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“MEMBERS”

Form 990, Page 6, Part VI, Line 7A

“Yes, per the southeastern electric cooperative, inc. By-law articles iii and iv.”

Form 990, Page 6, Part VI, Line 7B

“Yes, per the southeastern electric cooperative, inc. By-laws”

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 12C

“Done on an annual basis by the cooperative's lawyer.”

Form 990, Page 6, Part VI, Line 15A

“The board of directors reviews and approves compensation for the general manager, officers, and/or key employees.”

Form 990, Page 6, Part VI, Line 15B

“The board of directors reviews and approves compensation for the general manager, officers, and/or key employees.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Southeastern Electric Cooperative
EIN
73-0457520
Phone
5809242170
Address
PO BOX 1370, DURANT, OK 74702

Signing Officer

Name
James Fox
Title
Assistant Gm
Phone
5809242170
Signed
2018-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Speaks
Formed
1939
Legal Domicile
Ok
Voting Board Members
9
Independent Board Members
9
Employees
36

Preparer

Firm
Briscoe Burke & Grigsby Llp
Address
4120 EAST 51ST STREET SUITE 100, TULSA, OK 74135-3633
Preparer
Sean B Dunahay CPA
Phone
9187498337
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Change in other equities 159,735 increase in membership 820 accrual to cash cap credits 380,356 patronage dividend allocation 765,933 retirement of patronage capital -638,619 total 668,225”

Financial Statement Notes

Schedule D, Page 3, Part X

“The cooperative is exempt from income taxes under section 501(c)(12) of the internal revenue code and, accordingly, no provision has been made for income taxes. Management has considered whether the cooperative has any uncertain tax positions, embedded or otherwise, that would materially impact the financial statements. Management believes no such material uncertainties exist, therefore no provision is provided.”

Schedule D, Page 4, Part XI, Line 2D

“Accrual to cash capital credits 380,356”

Schedule D, Page 4, Part XII, Line 4B

“Patronage dividends - allocated 765,933”

Raw XML AppendixShowing 400 of 442 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.

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IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/TotalAmt0707799
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0324950
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0303823
IRS990/InvestmentIncomeGrp/ExclusionAmt0448961
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0448961
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt012010233
IRS990/InvestmentsPubTradedSecGrp/EOYAmt012390590
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt018591614
IRS990/LandBldgEquipBasisNetGrp/BOYAmt040562925
IRS990/LandBldgEquipBasisNetGrp/EOYAmt043229069
IRS990/LandBldgEquipCostOrOtherBssAmt061820683
IRS990/LegalDomicileStateCd0OK
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt026414632
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt020332399
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt019065662
IRS990/NetAssetsOrFundBalancesBOYAmt036227956
IRS990/NetAssetsOrFundBalancesEOYAmt036515824
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt05578
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05578
IRS990/NetIncomeOrLossGrp/ExclusionAmt0-1437
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-1437
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt039014
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt039014
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0668225
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION
IRS990/OtherExpensesGrp/Desc2CONSUMER EXPENSE
IRS990/OtherExpensesGrp/Desc3GENERAL & ADMINISTRATIVE
IRS990/OtherExpensesGrp/TotalAmt019190257
IRS990/OtherExpensesGrp/TotalAmt13953071
IRS990/OtherExpensesGrp/TotalAmt21366012
IRS990/OtherExpensesGrp/TotalAmt3583407
IRS990/OtherRevenueMiscGrp/Desc0REVENUE TRANSCANADA
IRS990/OtherRevenueMiscGrp/Desc1NON-OPERATING INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt02072507
IRS990/OtherRevenueMiscGrp/ExclusionAmt148
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02072507
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt148
IRS990/OtherRevenueTotalAmt02072555
IRS990/OtherSalariesAndWagesGrp/TotalAmt0129407
IRS990/OtherSourcesGrossIncomeAmt02527829
IRS990/PartialLiquidationInd0false
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01025124
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01184859
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0831955
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0714778
IRS990/PrincipalOfficerNm0LARRY SPEAKS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0SALES OF ELECTRICITY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt026414632
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt026414632
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt02978671
IRS990/PYInvestmentIncomeAmt0381944
IRS990/PYOtherExpensesAmt026514515
IRS990/PYOtherRevenueAmt01515907
IRS990/PYProgramServiceRevenueAmt027663147
IRS990/PYRevenuesLessExpensesAmt0-776218
IRS990/PYSalariesCompEmpBnftPaidAmt0844030
IRS990/PYTotalExpensesAmt030337216
IRS990/PYTotalRevenueAmt029560998
IRS990/ReconcilationRevenueExpnssAmt0-380357
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt039014
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt035150037
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt035277350
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01693957
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01054134
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02748091
IRS990ScheduleD/EquipmentGrp/BookValueAmt041231167
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017537480
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt058768647
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0765933
IRS990ScheduleD/ExpensesSubtotalAmt028593727
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0303945
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0303945
IRS990ScheduleD/OtherExpensesNotIncludedAmt0765933
IRS990ScheduleD/OtherRevenueAmt0380356
IRS990ScheduleD/RevenueNotReportedAmt0380356
IRS990ScheduleD/RevenueSubtotalAmt028979303
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS CONSIDERED WHETHER THE COOPERATIVE HAS ANY UNCERTAIN TAX POSITIONS, EMBEDDED OR OTHERWISE, THAT WOULD MATERIALLY IMPACT THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES NO SUCH MATERIAL UNCERTAINTIES EXIST, THEREFORE NO PROVISION IS PROVIDED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCRUAL TO CASH CAPITAL CREDITS 380,356
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2PATRONAGE DIVIDENDS - ALLOCATED 765,933
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt043229069
IRS990ScheduleD/TotalExpensesPerForm990Amt029359660
IRS990ScheduleD/TotalRevenuePerForm990Amt028979303
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt029359659
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt028593727
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0216754
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1111858
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt048543
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt126903
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt013255
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt112354
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt07993
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt11384
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LARRY SPEAKS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JAMES FOX
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1ASSISTANT GM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0286545
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1152499
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES, PER THE SOUTHEASTERN ELECTRIC COOPERATIVE, INC. BY-LAW ARTICLES III AND IV.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YES, PER THE SOUTHEASTERN ELECTRIC COOPERATIVE, INC. BY-LAWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DONE ON AN ANNUAL BASIS BY THE COOPERATIVE'S LAWYER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION FOR THE GENERAL MANAGER, OFFICERS, AND/OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION FOR THE GENERAL MANAGER, OFFICERS, AND/OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CHANGE IN OTHER EQUITIES 159,735 INCREASE IN MEMBERSHIP 820 ACCRUAL TO CASH CAP CREDITS 380,356 PATRONAGE DIVIDEND ALLOCATION 765,933 RETIREMENT OF PATRONAGE CAPITAL -638,619 TOTAL 668,225
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt060536356
IRS990/TotalAssetsEOYAmt059900289
IRS990/TotalAssetsGrp/BOYAmt060536356
IRS990/TotalAssetsGrp/EOYAmt059900289
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt036
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt029359660
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt024308400
IRS990/TotalLiabilitiesEOYAmt023384465
IRS990/TotalLiabilitiesGrp/BOYAmt024308400
IRS990/TotalLiabilitiesGrp/EOYAmt023384465
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt036227956
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt036515824
IRS990/TotalOtherCompensationAmt0127390
IRS990/TotalProgramServiceRevenueAmt026414632
IRS990/TotalReportableCompFromOrgAmt0726486
IRS990/TotalRevenueGrp/ExclusionAmt02564671
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt026414632
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt028979303
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt060536356
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt059900289
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1370
IRS990/USAddress/CityNm0DURANT

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$59,900,289
Liabilities
$23,384,465
Net assets
$36,515,824
Revenue
$28,979,303
Expenses
$29,359,660
Net income
-$380,357
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.3$43.2$52.1$43.9$43.9$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$91.7$42.2$49.5$42.9$42.9$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$87.8$41.5$46.2$46.1$46.1$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$83.2$39.0$44.2$40.7$40.7$0.00
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$71.3$28.8$42.4$35.0$35.0$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$69.7$29.8$39.9$35.1$35.1$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.0$26.1$38.0$33.1$33.1$0.00
2017Detailed filing. Detailed filing data is available for this year.$59.9$23.4$36.5$29.0$29.4$0.38
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.5$24.3$36.2$29.6$30.3$0.78
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.0$21.1$34.0$28.8$30.0$1.18
2014Detailed filing. Detailed filing data is available for this year.$54.0$22.7$31.3$31.3$33.0$1.68
2013Detailed filing. Detailed filing data is available for this year.$52.6$23.7$28.9$27.2$28.1$0.90
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.4$20.5$27.0$24.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.7$21.3$26.5$26.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.1$22.6$24.4$23.3