Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALES OF ELECTRICITY

  total $366,862,854 · related or exempt $366,862,854

• 2b · Program service revenue: TRANSMISSION ACCESS

  total $8,435,811 · related or exempt $8,435,811

• 2c · Program service revenue: PATRONAGE DIVIDENDS

  total $8,192,519 · related or exempt $8,192,519

• 2d · Program service revenue: SERVICE FEES

  total $3,778,307 · related or exempt $3,778,307

• 2e · Program service revenue: OTHER PROGRAM REVENUE

  total $76,110 · related or exempt $76,110

• 3 · Investment income

  total $679,039 · excluded $679,039

• 6a · Gross rents

  real property $2,561

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $2,561

• 6d · Net rental income or loss

  total $2,561 · excluded $2,561

• 7a · Gross sales of assets other than inventory

  other assets $127,029

• 7b · Less cost or other basis and sales expenses

  other assets $60,657

• 7c · Gain or loss

  other assets $66,372

• 7d · Net gain or loss

  total $66,372 · related or exempt $66,372

• 11a · Other revenue: POLE ATTACHMENT INCOME

  total $2,014,117 · excluded $2,014,117

• 11b · Other revenue: SECURITY REVENUE

  total $941,698 · related or exempt $941,698

• 11c · Other revenue: BROADBAND SALES & GRANTS

  total $582,502 · unrelated business $582,502

• 11d · All other revenue

  total $177,808 · related or exempt $177,808

• 11e · Other revenue, total

  $3,716,125

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $21,200

• 4 · Benefits paid to or for members

  total $17,328,722

• 5 · Compensation of officers, directors and key employees

  total $3,078,033

• 7 · Other salaries and wages

  total $17,194,500

• 8 · Pension plan contributions

  total $3,418,249

• 9 · Other employee benefits

  total $4,328,757

• 10 · Payroll taxes

  total $1,417,921

• 20 · Interest

  total $15,814,089

• 22 · Depreciation, depletion and amortization

  total $22,997,418

• 24a · Other expenses: PURCHASED POWER

  total $260,848,840

• 24b · Other expenses: DISTRIBUTION EXPENSE

  total $29,873,186

• 24c · Other expenses: ADMIN & GENERAL EXPENSE

  total $8,303,211

• 24d · Other expenses: CONSUMER EXPENSE

  total $5,572,049

• 24e · All other expenses

  total $1,613,523

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $1,869,769

• 2 · Savings and temporary cash investments

  beginning of year $7,925,199 · end of year $13,241,391

• 4 · Accounts receivable

  beginning of year $13,541,363 · end of year $18,201,284

• 8 · Inventories for sale or use

  beginning of year $22,142,199 · end of year $36,183,853

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,909,240 · end of year $2,868,805

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

  $818,854,072

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

  $177,285,342

• 10c · Land, buildings and equipment, net

  beginning of year $558,623,784 · end of year $641,568,730

• 13 · Investments: program-related

  beginning of year $166,580,866 · end of year $164,148,796

• 15 · Other assets

  beginning of year $23,936,057 · end of year $25,591,084

• 17 · Accounts payable and accrued expenses

  beginning of year $32,878,147 · end of year $50,291,719

• 23 · Secured mortgages and notes payable

  beginning of year $361,290,712 · end of year $422,105,377

• 24 · Unsecured notes and loans payable

  beginning of year $10,000,000 · end of year $53,000,000

• 25 · Other liabilities

  beginning of year $42,669,972 · end of year $23,112,371

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 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 $347,819,877 · end of year $355,164,245

The filer's explanations (Part III)

PART I, LINES 4A-B

DURING THE YEAR, BRYAN BAKER RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $62,000. DURING THE YEAR, MR. RICHARD LEMONDS PARTICIPATED IN A SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN AND THE TOTAL BENEFITS PAID AND INCLUDED AS W-2 WAGES DURING THE YEAR WERE $1,133,710.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• CONNECT SCP LLC

  HIGH SPEED INTERNET · OH · income $19,259,184 · assets $4,095,549

  Directly controlled by SOUTH CENTRAL POWER COMPANY

Related corporations and trusts

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

• MILLER DEVELOPMENT

  C · REAL ESTATE DEVELOPMENT · OH · 100% owned · share of assets $3,200

  Directly controlled by SOUTH CENTRAL POWER COMPANY