Totals
- Total revenue
- $75,421,397
- Total expenses
- $73,943,824
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $73,783,069
- Investment income
- $1,266,781
- Other revenue
- $371,547
- Total assets, end of year
- $157,673,539
- Total liabilities, end of year
- $89,476,251
- Net assets or fund balances, end of year
- $68,197,288
- Program services expenses (Part IX)
- $73,943,824
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $73,943,824
Program services were 100.0% 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.
-
2a · Program service revenue: RESIDENTIAL SALES
total $42,108,756 · related or exempt $42,108,756
-
2b · Program service revenue: COMMERCIAL & INDUSTRIAL- SMAL
total $22,388,205 · related or exempt $22,388,205
-
2c · Program service revenue: COMMERCIAL & INDUSTRIAL- LARG
total $8,229,437 · related or exempt $8,229,437
-
2d · Program service revenue: PUBLIC STREET LIGHTING
total $522,816 · related or exempt $522,816
-
2e · Program service revenue: MISC SERVICE REVENUES
total $282,822 · related or exempt $282,822
-
2f · All other program service revenue
total $251,033 · related or exempt $251,033
-
3 · Investment income
total $1,266,781 · related or exempt $97,923 · excluded $1,168,858
-
6a · Gross rents
real property $270,302
-
6c · Rental income or loss
real property $270,302
-
6d · Net rental income or loss
total $270,302 · excluded $270,302
-
11a · Other revenue: EIN 90-0025341
total $101,245 · excluded $101,245
-
11e · Other revenue, total
$101,245
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $950,493 · program services $950,493
-
5 · Compensation of officers, directors and key employees
total $843,556 · program services $843,556
-
7 · Other salaries and wages
total $893,521 · program services $893,521
-
20 · Interest
total $2,223,088 · program services $2,223,088
-
22 · Depreciation, depletion and amortization
total $4,576,223 · program services $4,576,223
-
24a · Other expenses: PURCHASED POWER
total $46,516,994 · program services $46,516,994
-
24b · Other expenses: DISTRIBUTION EXPENSES- OP
total $4,668,286 · program services $4,668,286
-
24c · Other expenses: TAXES
total $3,191,813 · program services $3,191,813
-
24d · Other expenses: ADMIN & GENERAL
total $3,116,647 · program services $3,116,647
-
24e · All other expenses
total $6,963,203 · program services $6,963,203
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,304,447 · end of year $1,855,447
-
2 · Savings and temporary cash investments
end of year $936,113
-
4 · Accounts receivable
beginning of year $5,299,614 · end of year $6,730,283
-
7 · Other notes and loans receivable
beginning of year $6,991 · end of year $2,628
-
8 · Inventories for sale or use
beginning of year $1,214,768 · end of year $2,064,867
-
9 · Prepaid expenses and deferred charges
beginning of year $287,774 · end of year $274,310
-
10a · Land, buildings and equipment: cost or other basis
$155,485,546
-
10b · Land, buildings and equipment: accumulated depreciation
$38,204,634
-
10c · Land, buildings and equipment, net
beginning of year $114,735,209 · end of year $117,280,912
-
12 · Investments: other securities
beginning of year $1,725,617 · end of year $1,576,861
-
13 · Investments: program-related
beginning of year $25,855,882 · end of year $26,943,563
-
15 · Other assets
beginning of year $8,156 · end of year $8,555
-
17 · Accounts payable and accrued expenses
beginning of year $8,899,263 · end of year $10,540,541
-
23 · Secured mortgages and notes payable
beginning of year $69,085,374 · end of year $66,142,768
-
25 · Other liabilities
beginning of year $12,186,674 · end of year $12,792,942
-
31 · Retained earnings, endowment or other funds
beginning of year $66,267,147 · end of year $68,197,288
Mission and programs · 2022
Mission
DIXIE ELECTRIC COOPERATIVE IS COMMITTED TO SAFELY PROVIDING ITS MEMBER- OWNERS WITH ECONOMICAL AND RELIABLE ELECTRIC POWER AND RELATED SERVICES.
-
PROVIDED ELECTRIC SERVICE TO AN AVERAGE OF 26,041 MEMBER-OWNERS WITHIN ITS EIGHT COUNTY SERVICE TERRITORY LOCATED IN CENTRAL ALABAMA, INCLUDING BULLOCK, MACON AND MONTGOMERY COUNTIES.
Expenses $72,206,747 · Revenue $73,783,069
-
ALLOCATION OF TRUSTEE AND KEY EMPLOYEE SALARY EXPENSES.
Expenses $1,737,077
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Andrew CallawayANDREW CALLAWAY
CHAIRMAN
- Total calculated
- $39,525
- From this org
- $39,150
- From related orgs
- $0
- Other
- $375
- Hours/week
- 6
-
James SikesJAMES SIKES
VICE CHAIRMA
- Total calculated
- $25,229
- From this org
- $24,750
- From related orgs
- $0
- Other
- $479
- Hours/week
- 3
-
Kim JacksonKIM JACKSON
SECRETARY/TR
- Total calculated
- $31,903
- From this org
- $31,250
- From related orgs
- $0
- Other
- $653
- Hours/week
- 5
-
Albert J PerryALBERT J PERRY
TRUSTEE
- Total calculated
- $30,766
- From this org
- $30,250
- From related orgs
- $0
- Other
- $516
- Hours/week
- 5
-
John P LivingsJOHN P LIVINGS
TRUSTEE
- Total calculated
- $24,544
- From this org
- $24,250
- From related orgs
- $0
- Other
- $294
- Hours/week
- 3
-
Jimmy EllisJIMMY ELLIS
SECRETARY/TR
- Total calculated
- $38,203
- From this org
- $35,750
- From related orgs
- $1,800
- Other
- $653
- Hours/week
- 6 + 1 related
-
Tom JamesTOM JAMES
TRUSTEE
- Total calculated
- $34,987
- From this org
- $32,750
- From related orgs
- $1,800
- Other
- $437
- Hours/week
- 6 + 1 related
-
Helena DuncanHELENA DUNCAN
TRUSTEE
- Total calculated
- $25,153
- From this org
- $24,500
- From related orgs
- $0
- Other
- $653
- Hours/week
- 3
-
Thomas EllisTHOMAS ELLIS
TRUSTEE
- Total calculated
- $32,903
- From this org
- $32,250
- From related orgs
- $0
- Other
- $653
- Hours/week
- 5
-
Gary HarrisonGARY HARRISON
CEO/GENERAL
- Total calculated
- $485,427
- From this org
- $389,861
- From related orgs
- $0
- Other
- $95,566
- Hours/week
- 50 + 1 related
Schedule J breakdown matched by us
- Base
- $349,199
- Bonus
- not reported
- Other
- $40,662
- Deferred
- $71,866
- Nontaxable benefits
- $23,700
- Filer's total
- $485,427
-
Mike BarlowMIKE BARLOW
CFO
- Total calculated
- $259,611
- From this org
- $178,795
- From related orgs
- $0
- Other
- $80,816
- Hours/week
- 50 + 0.4 related
Schedule J breakdown matched by us
- Base
- $170,850
- Bonus
- not reported
- Other
- $7,945
- Deferred
- $57,605
- Nontaxable benefits
- $23,211
- Filer's total
- $259,611
-
Brandon JohnsonBRANDON JOHNSON
VP-ENGINEERI
- Total calculated
- $359,750
- From this org
- $208,668
- From related orgs
- $0
- Other
- $151,082
- Hours/week
- 50 + 0.5 related
Schedule J breakdown matched by us
- Base
- $198,368
- Bonus
- not reported
- Other
- $10,300
- Deferred
- $127,616
- Nontaxable benefits
- $23,466
- Filer's total
- $359,750
-
Michelle WardMICHELLE WARD
VP-ADMIN & H
- Total calculated
- $183,253
- From this org
- $145,902
- From related orgs
- $0
- Other
- $37,351
- Hours/week
- 48
Schedule J breakdown matched by us
- Base
- $125,952
- Bonus
- not reported
- Other
- $19,950
- Deferred
- $14,495
- Nontaxable benefits
- $22,856
- Filer's total
- $183,253
-
Ernie FaulknerERNIE FAULKNER
VP-MARKETING
- Total calculated
- $268,296
- From this org
- $209,137
- From related orgs
- $0
- Other
- $59,159
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $180,624
- Bonus
- not reported
- Other
- $28,513
- Deferred
- $36,001
- Nontaxable benefits
- $23,158
- Filer's total
- $268,296
-
Brent MoffettBRENT MOFFETT
VP-EXTERNAL
- Total calculated
- $303,971
- From this org
- $170,493
- From related orgs
- $0
- Other
- $133,478
- Hours/week
- 25 + 25 related
Schedule J breakdown matched by us
- Base
- $166,566
- Bonus
- not reported
- Other
- $3,927
- Deferred
- $110,380
- Nontaxable benefits
- $23,098
- Filer's total
- $303,971
-
Houston FuquaHOUSTON FUQUA
DISTRICT FOR
- Total calculated
- $212,753
- From this org
- $159,321
- From related orgs
- $0
- Other
- $53,432
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $137,773
- Bonus
- not reported
- Other
- $21,548
- Deferred
- $30,657
- Nontaxable benefits
- $22,775
- Filer's total
- $212,753
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
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.
-
SOUTH BULLOCK CO WATER AUTHORITY
MGT. FEE · AL
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 partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
COOPERATIVE UTILITY SERVICES LLC
RELATED · UTILITY MT · AL · general or managing partner
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313119349303506
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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