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Nonprofiteer
← SLEMCO ELECTRIC FOUNDATION

Form 990 for tax year 2025

Filed by SLEMCO ELECTRIC FOUNDATION.

Totals

Total revenue
$521,321
Total expenses
$369,914
Contributions and grants received
$519,031
Grants paid
$261,569
Program service revenue
$0
Investment income
$2,290
Other revenue
$0
Total assets, end of year
$288,448
Total liabilities, end of year
$13,708
Net assets or fund balances, end of year
$274,740
Program services expenses (Part IX)
$261,569
Management and general expenses
$108,345
Fundraising expenses
$0
Program service expenses (Part III)
$261,569

Program services were 70.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1f · All other contributions, gifts and grants

    $519,031

  • 3 · Investment income

    total $2,290 · excluded $2,290

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,000 · program services $5,000

  • 2 · Grants to domestic individuals

    total $256,569 · program services $256,569

  • 11b · Fees: legal

    total $6,608 · management and general $6,608

  • 11c · Fees: accounting

    total $5,400 · management and general $5,400

  • 13 · Office expenses

    total $1,230 · management and general $1,230

  • 23 · Insurance

    total $12,000 · management and general $12,000

  • 24a · Other expenses: OUTSIDE SERVICES

    total $66,426 · management and general $66,426

  • 24b · Other expenses: POSTAGE & DELIVERY

    total $7,157 · management and general $7,157

  • 24c · Other expenses: OFFICE EXPENSE

    total $3,946 · management and general $3,946

  • 24d · Other expenses: TOTAL BOARD EXP - MEALS

    total $2,427 · management and general $2,427

  • 24e · All other expenses

    total $3,151 · management and general $3,151

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $45,820 · end of year $184,580

  • 2 · Savings and temporary cash investments

    beginning of year $58,673 · end of year $60,963

  • 4 · Accounts receivable

    beginning of year $41,687 · end of year $42,555

  • 9 · Prepaid expenses and deferred charges

    beginning of year $350 · end of year $350

  • 18 · Grants payable

    beginning of year $5,000 · end of year $1,768

  • 25 · Other liabilities

    beginning of year $18,197 · end of year $11,940

  • 27 · Net assets without donor restrictions

    beginning of year $123,333 · end of year $274,740

Mission and programs · 2025

Mission

DISTRIBUTION OF CHARITABLE DONATIONS

  • THIS ORGANIZATION SHALL RECEIVE FUNDS FROM THE MEMBERSHIP OF SOUTHWEST LOUISIANA ELECTRIC MEMBERSHIP CORPORATION AND FROM OTHER SOURCES AS DEEMED APPROPRIATE BY THE ORGANIZATIONS' BOARD OF DIRECTORS. THE ORGANIZATION SHALL DISPENSE THESE FUNDS TO NEEDY PERSONS AND FAMILIES AS WELL AS MAKING CHARITABLE DONATIONS TO WORTHY ORGANIZATIONS AND CAUSES WITHIN THE SERVICE AREA OF SOUTHWESTERN LOUISIANA ELECTRIC MEMBERSHIP CORPORATION OR OUTSIDE THE SERVICE AREA AS DEEMED APPROPRIATE BY THE BOARD OF DIRECTORS.

    Expenses $261,569 · Grants $261,569

As filed on the 2025 return.

Listed in Part VII

  • David Simon

    PRESIDENT

    Total calculated
    $40,961
    From this org
    $0
    From related orgs
    $40,961
    Other
    $0
    Hours/week
    0.25 + 12 related

  • Bryan Leonards Sr

    SECRETARY/TR

    Total calculated
    $39,212
    From this org
    $0
    From related orgs
    $39,212
    Other
    $0
    Hours/week
    0.25 + 8 related

  • Gary Soileau

    DIRECTOR

    Total calculated
    $26,609
    From this org
    $0
    From related orgs
    $26,609
    Other
    $0
    Hours/week
    0.25 + 8 related

  • Jeff Daigle

    DIRECTOR

    Total calculated
    $35,839
    From this org
    $0
    From related orgs
    $35,839
    Other
    $0
    Hours/week
    0.25 + 8 related

  • Lesley Thibodeaux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Glenn Weber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Jeremy Melancon

    DIRECTOR

    Total calculated
    $36,234
    From this org
    $0
    From related orgs
    $36,234
    Other
    $0
    Hours/week
    0.25 + 8 related

  • Gary Smith

    DIRECTOR

    Total calculated
    $26,334
    From this org
    $0
    From related orgs
    $26,334
    Other
    $0
    Hours/week
    0.25 + 8 related

  • Brent Bidstrup

    DIRECTOR

    Total calculated
    $185,528
    From this org
    $0
    From related orgs
    $104,698
    Other
    $80,830
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $102,502 related
    Bonus
    not reported
    Other
    not reported + $2,196 related
    Deferred
    not reported + $59,011 related
    Nontaxable benefits
    not reported + $21,819 related
    Filer's total
    not reported + $185,528 related

  • Ian Dort

    DIRECTOR

    Total calculated
    $65,313
    From this org
    $0
    From related orgs
    $52,925
    Other
    $12,388
    Hours/week
    0.25 + 40 related

  • Megan Breaux

    DIRECTOR

    Total calculated
    $81,083
    From this org
    $0
    From related orgs
    $55,622
    Other
    $25,461
    Hours/week
    0.25 + 40 related

  • Robert Domingue

    DIRECTOR

    Total calculated
    $155,810
    From this org
    $0
    From related orgs
    $132,471
    Other
    $23,339
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $106,075 related
    Bonus
    not reported
    Other
    not reported + $26,396 related
    Deferred
    not reported + $6,537 related
    Nontaxable benefits
    not reported + $16,802 related
    Filer's total
    not reported + $155,810 related

  • Shane Dugas

    DIRECTOR

    Total calculated
    $254,222
    From this org
    $0
    From related orgs
    $160,815
    Other
    $93,407
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $156,300 related
    Bonus
    not reported
    Other
    not reported + $4,515 related
    Deferred
    not reported + $81,215 related
    Nontaxable benefits
    not reported + $12,192 related
    Filer's total
    not reported + $254,222 related

  • Stacy Bragg

    DIRECTOR

    Total calculated
    $112,638
    From this org
    $0
    From related orgs
    $63,644
    Other
    $48,994
    Hours/week
    0.25 + 40 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2025
Filed
30 April 2026
IRS schema version
2025v4.0
Source object
202621269349300937

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