Form 990 for tax year 2024

2a · Program service revenue: SALES OF ELECTRICITY

total $79,920,602 · related or exempt $79,920,602

2b · Program service revenue: PATRONAGE DIVIDENDS

total $1,767,202 · related or exempt $1,767,202

2c · Program service revenue: SERVICE FEES

total $497,765 · related or exempt $497,765

2d · Program service revenue: OTHER PROGRAM REVENUE

total $133,771 · related or exempt $133,771

3 · Investment income

total $2,487,848 · unrelated business $1,166,430 · excluded $1,321,418

7a · Gross sales of assets other than inventory

other assets $190,725

7b · Less cost or other basis and sales expenses

other assets $0

7c · Gain or loss

other assets $190,725

7d · Net gain or loss

total $190,725 · related or exempt $190,725

11a · Other revenue: FIBER ACCESS & SHARED SERVICES IN

total $5,688,246 · unrelated business $5,688,246

11b · Other revenue: POLE ATTACHMENT INCOME

total $358,196 · excluded $358,196

11e · Other revenue, total

$6,046,442

1 · Grants to domestic organizations and governments

total $6,850

3 · Grants to foreign organizations and individuals

total $1,000

4 · Benefits paid to or for members

total $13,527,122

5 · Compensation of officers, directors and key employees

total $1,615,506

7 · Other salaries and wages

total $4,659,659

8 · Pension plan contributions

total $162,023

9 · Other employee benefits

total $1,481,422

10 · Payroll taxes

total $405,447

20 · Interest

total $8,835,126

22 · Depreciation, depletion and amortization

total $10,027,829

24a · Other expenses: PURCHASED POWER

total $40,891,435

24b · Other expenses: DISTRIBUTION EXPENSE

total $6,225,462

24c · Other expenses: ADMIN & GENERAL EXPENSE

total $1,646,850

24d · Other expenses: CONSUMER EXPENSE

total $1,416,458

24e · All other expenses

total -$1,039,663

1 · Cash, non-interest-bearing

beginning of year $1,787,710 · end of year $3,454,913

2 · Savings and temporary cash investments

beginning of year $19,715,705 · end of year $6,037,110

4 · Accounts receivable

beginning of year $15,775,606 · end of year $7,878,954

7 · Other notes and loans receivable

beginning of year $457,377

8 · Inventories for sale or use

beginning of year $8,843,686 · end of year $10,038,908

9 · Prepaid expenses and deferred charges

beginning of year $1,434,343 · end of year $609,675

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

$408,242,405

10b · Land, buildings and equipment: accumulated depreciation

$83,785,110

10c · Land, buildings and equipment, net

beginning of year $253,583,026 · end of year $324,457,295

12 · Investments: other securities

end of year $510,000

13 · Investments: program-related

beginning of year $27,816,805 · end of year $24,109,146

15 · Other assets

beginning of year $2,736,064 · end of year $2,737,617

17 · Accounts payable and accrued expenses

beginning of year $19,051,767 · end of year $7,709,173

23 · Secured mortgages and notes payable

beginning of year $189,128,520 · end of year $224,005,882

25 · Other liabilities

beginning of year $1,685,606 · end of year $8,896,846

29 · Capital stock, trust principal or current funds

beginning of year $112,745,052 · end of year $368,040

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

beginning of year $323,303 · end of year $0

31 · Retained earnings, endowment or other funds

beginning of year $9,216,074 · end of year $138,853,677

SOUTHWEST ARKANSAS TELECOMMUNICATIONS AND TECHNOLOGY

INTERNET SERVICE PROVIDER · AR · income $0 · assets $32,207,766

Directly controlled by SOUTHWEST ARKANSAS ELECTRIC COOPERATIVE CORPORATION

SOUTHWEST ARKANSAS TELECOMMUNICATIONS AND TECHNOLOGY

C · INTERNET SERVICE PROVIDER · AR · 100% owned · share of income $10,575,423 · controlled entity

Directly controlled by SOUTHWEST ARKANSAS ELECTRIC COOPERATIVE