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Nonprofiteer
← DIXIE ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2024

Filed by DIXIE ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$274,490,843
Total expenses
$269,003,922
Contributions and grants received
$0
Grants paid
$32,266
Program service revenue
$272,514,011
Investment income
$301,267
Other revenue
$1,675,565
Total assets, end of year
$733,768,271
Total liabilities, end of year
$610,988,558
Net assets or fund balances, end of year
$122,779,713
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SALES OF ELECTRICITY

    total $266,512,300 · related or exempt $266,512,300

  • 2b · Program service revenue: SERVICE FEES

    total $3,534,219 · related or exempt $3,534,219

  • 2c · Program service revenue: PATRONAGE DIVIDENDS

    total $2,467,492 · related or exempt $2,467,492

  • 3 · Investment income

    total $301,267 · excluded $301,267

  • 6a · Gross rents

    personal property $135,862

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $135,862

  • 6d · Net rental income or loss

    total $135,862 · unrelated business $122,529 · excluded $13,333

  • 10a · Gross sales of inventory

    $1,555

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $1,555 · unrelated business $1,555

  • 11a · Other revenue: POLE ATTACHMENT INCOME

    total $1,326,436 · excluded $1,326,436

  • 11b · Other revenue: MUTUAL AID ASSISTANCE

    total $211,712 · related or exempt $211,712

  • 11e · Other revenue, total

    $1,538,148

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $32,266

  • 5 · Compensation of officers, directors and key employees

    total $2,472,315

  • 7 · Other salaries and wages

    total $19,842,187

  • 8 · Pension plan contributions

    total $3,685,991

  • 9 · Other employee benefits

    total $3,301,273

  • 10 · Payroll taxes

    total $1,354,270

  • 20 · Interest

    total $18,363,979

  • 22 · Depreciation, depletion and amortization

    total $26,227,238

  • 24a · Other expenses: PURCHASED POWER

    total $153,173,062

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $18,112,047

  • 24c · Other expenses: ADMIN AND GENERAL EXPEN

    total $8,985,762

  • 24d · Other expenses: UNRELATED BUS. INC. TAX

    total $13,850

  • 24e · All other expenses

    total $13,439,682

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,488,986 · end of year $42,422

  • 4 · Accounts receivable

    beginning of year $37,154,013 · end of year $34,257,938

  • 7 · Other notes and loans receivable

    beginning of year $323,447 · end of year $262,674

  • 8 · Inventories for sale or use

    beginning of year $8,890,429 · end of year $10,007,342

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,151,001 · end of year $16,166,825

  • 10a · Land, buildings and equipment: cost or other basis

    $842,865,645

  • 10b · Land, buildings and equipment: accumulated depreciation

    $216,854,601

  • 10c · Land, buildings and equipment, net

    beginning of year $607,250,260 · end of year $626,011,044

  • 13 · Investments: program-related

    beginning of year $12,790,543 · end of year $14,316,422

  • 15 · Other assets

    beginning of year $29,435,343 · end of year $32,703,604

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,340,473 · end of year $29,421,930

  • 23 · Secured mortgages and notes payable

    beginning of year $528,342,503 · end of year $545,942,343

  • 25 · Other liabilities

    beginning of year $35,125,910 · end of year $35,624,285

  • 29 · Capital stock, trust principal or current funds

    beginning of year $356,040 · end of year $340,720

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $119,319,096 · end of year $122,438,993

Mission and programs · 2024

Mission

TO ENHANCE THE QUALITY OF LIFE FOR OUR MEMBERS, EMPLOYEES, AND COMMUNITIES BY SAFELY PROVIDING RELIABLE AND COMPETITIVELY PRICED ENERGY SERVICES.

Activities or mission (Part I)

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

  • PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 119,120 ACTIVE SERVICES AT YEAR END.

As filed on the 2024 return.

Listed in Part VII

  • Daniel Berthelot

    PRESIDENT

    Total calculated
    $38,975
    From this org
    $38,975
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.2

  • Randy Lorio

    VICE PRESIDENT

    Total calculated
    $35,933
    From this org
    $35,933
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • Dennis Lott

    SECRETARY/TREASURER

    Total calculated
    $18,056
    From this org
    $18,056
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.6

  • Leslie Falks

    DIRECTOR

    Total calculated
    $40,995
    From this org
    $40,995
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.8

  • Steve Irving

    DIRECTOR

    Total calculated
    $33,795
    From this org
    $33,795
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.7

  • Richard Sitman

    DIRECTOR

    Total calculated
    $38,595
    From this org
    $38,595
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Jill McGraw

    DIRECTOR

    Total calculated
    $22,381
    From this org
    $22,381
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.8

  • Melissa Dufreche

    DIRECTOR

    Total calculated
    $12,522
    From this org
    $12,522
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.6

  • Edward Delee

    DIRECTOR

    Total calculated
    $32,362
    From this org
    $32,362
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.8

  • Kevin Beauchamp

    DIRECTOR

    Total calculated
    $16,385
    From this org
    $16,385
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • Tresa Byrd

    DIRECTOR

    Total calculated
    $20,564
    From this org
    $20,564
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • Mike Anderson

    DIRECTOR

    Total calculated
    $9,372
    From this org
    $9,372
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.9

  • Elinda Taillon

    DIRECTOR

    Total calculated
    $19,814
    From this org
    $19,814
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.8

  • Randall Pierce

    GENERAL MANAGER/CHIEF EXEC

    Total calculated
    $652,674
    From this org
    $493,833
    From related orgs
    $0
    Other
    $158,841
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $421,695
    Bonus
    $49,682
    Other
    $22,456
    Deferred
    $127,043
    Nontaxable benefits
    $31,798
    Filer's total
    $652,674

  • Peggy Maranan

    CHIEF FINANCIAL OFFICER

    Total calculated
    $289,245
    From this org
    $225,634
    From related orgs
    $0
    Other
    $63,611
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $215,164
    Bonus
    $564
    Other
    $9,906
    Deferred
    $55,053
    Nontaxable benefits
    $8,558
    Filer's total
    $289,245

  • Pearl Overhultz

    CHIEF CORPORATE SERVICES O

    Total calculated
    $361,823
    From this org
    $178,982
    From related orgs
    $0
    Other
    $182,841
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,293
    Bonus
    $519
    Other
    $1,170
    Deferred
    $155,021
    Nontaxable benefits
    $27,820
    Filer's total
    $361,823

  • Mark Phillips

    CHIEF ENGINEERING & OPERATIONS OFFICER

    Total calculated
    $339,316
    From this org
    $206,399
    From related orgs
    $0
    Other
    $132,917
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $192,886
    Bonus
    $1,099
    Other
    $12,414
    Deferred
    $106,917
    Nontaxable benefits
    $26,000
    Filer's total
    $339,316

  • Galen Dunbar

    CHIEF MEMBER SERVICES OFFICER

    Total calculated
    $194,267
    From this org
    $159,734
    From related orgs
    $0
    Other
    $34,533
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $155,537
    Bonus
    $569
    Other
    $3,628
    Deferred
    $34,309
    Nontaxable benefits
    $224
    Filer's total
    $194,267

  • Jeffrey Andry

    CHIEF STRATEGY & REGULATORY OFFICER

    Total calculated
    $295,241
    From this org
    $241,564
    From related orgs
    $0
    Other
    $53,677
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $227,057
    Bonus
    $435
    Other
    $14,072
    Deferred
    $23,081
    Nontaxable benefits
    $30,596
    Filer's total
    $295,241

  • Matt Gibson

    DIRECTOR OF ENGINEERING

    Total calculated
    $228,925
    From this org
    $177,350
    From related orgs
    $0
    Other
    $51,575
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,018
    Bonus
    $562
    Other
    $770
    Deferred
    $26,579
    Nontaxable benefits
    $24,996
    Filer's total
    $228,925

  • Trent Bigner

    DIRECTOR OF OPERATIONS

    Total calculated
    $292,622
    From this org
    $165,014
    From related orgs
    $0
    Other
    $127,608
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $157,794
    Bonus
    $568
    Other
    $6,652
    Deferred
    $102,388
    Nontaxable benefits
    $25,220
    Filer's total
    $292,622

  • Joshua Prestridge

    CREW LEADER, DISTRICT LINE OPERATIONS

    Total calculated
    $235,220
    From this org
    $162,767
    From related orgs
    $0
    Other
    $72,453
    Hours/week
    54

    Schedule J breakdown matched by us

    Base
    $157,673
    Bonus
    $614
    Other
    $4,480
    Deferred
    $46,053
    Nontaxable benefits
    $26,400
    Filer's total
    $235,220

  • Brian Merritt

    SERVICEMAN, DISTRICT LINE OPERATIONS

    Total calculated
    $190,403
    From this org
    $162,180
    From related orgs
    $0
    Other
    $28,223
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $160,877
    Bonus
    $628
    Other
    $675
    Deferred
    $28,111
    Nontaxable benefits
    $112
    Filer's total
    $190,403

  • Cody Glascock

    DISTRICT MANAGER, DISTRICT LINE OPERATIONS

    Total calculated
    $248,789
    From this org
    $161,889
    From related orgs
    $0
    Other
    $86,900
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $155,255
    Bonus
    $587
    Other
    $6,047
    Deferred
    $60,380
    Nontaxable benefits
    $26,520
    Filer's total
    $248,789

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART II, COLUMN C:
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. RANDALL PIERCE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 116,693 EMPLOYER CONTRIBUTION TO 401(K) PLAN 10,350 TOTAL REPORTED IN COLUMN C $ 127,043 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (116,693) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 105,386 EXPENSE TO THE COOPERATIVE $ 115,736 PEARL OVERHULTZ: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 149,542 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,479 TOTAL REPORTED IN COLUMN C $ 155,021 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (149,542) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 52,174 EXPENSE TO THE COOPERATIVE $ 57,653 MARK PHILLIPS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 101,067 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,850 TOTAL REPORTED IN COLUMN C $ 106,917 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (101,067) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 55,012 EXPENSE TO THE COOPERATIVE $ 60,862 JEFFREY ANDRY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 16,160 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,921 TOTAL REPORTED IN COLUMN C $ 23,081 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (16,160) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 68,730 EXPENSE TO THE COOPERATIVE $ 75,651 TRENT BIGNER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 97,804 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,584 TOTAL REPORTED IN COLUMN C $ 102,388 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (97,804) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 45,275 EXPENSE TO THE COOPERATIVE $ 49,859 PEGGY MARANAN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 48,665 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,388 TOTAL REPORTED IN COLUMN C $ 55,053 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (48,665) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 61,631 EXPENSE TO THE COOPERATIVE $ 68,019 CODY GLASCOCK: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 56,272 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,108 TOTAL REPORTED IN COLUMN C $ 60,380 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (56,272) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 38,970 EXPENSE TO THE COOPERATIVE $ 43,078 JOSHUA PRESTRIDGE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 42,941 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,112 TOTAL REPORTED IN COLUMN C $ 46,053 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (42,941) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,245 EXPENSE TO THE COOPERATIVE $ 27,357 MATT GIBSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 21,539 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,040 TOTAL REPORTED IN COLUMN C $ 26,579 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (21,539) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 49,947 EXPENSE TO THE COOPERATIVE $ 54,987 GALEN DUNBAR: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 29,763 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,546 TOTAL REPORTED IN COLUMN C $ 34,309 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (29,763) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 43,013 EXPENSE TO THE COOPERATIVE $ 47,559 BRIAN MERRITT: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 25,002 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,109 TOTAL REPORTED IN COLUMN C $ 28,111 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (25,002) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 24,220 EXPENSE TO THE COOPERATIVE $ 27,329

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • EAST BATON ROUGE PARISH SCHOOL SYSTEM

    $7,500

    12TH GRADE INTERNS DONATION

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • DIXIE BUSINESS DEVELOPMENT CENTER

    501(C)(4) · INCUBATOR PROGRAM TO HELP NEW BUSINESS DEVELOP, GROW, AND SUCCEED · LA · controlled entity

    Directly controlled by DIXIE ELECTRIC MEMBERSHIP CORPORATION

  • DEMCO FOUNDATION INC

    501(C)(3) · PROVIDES CHARITABLE ASSISTANCE TO INDIVIDUALS IN THE DEMCO SERVICE AREA · LA · controlled entity

    Directly controlled by DIXIE ELECTRIC MEMBERSHIP CORPORATION

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • DEMCO ENERGY SERVICES LLC

    C · PROVIDES SURGE PROTECTION SERVICES IN SOUTHEASTERN LA · LA · 100% owned · share of income $464,298 · share of assets $829,302 · controlled entity

    Directly controlled by DIXIE ELECTRIC MEMBERSHIP CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349319875

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