South Central Arkansas Electric Cooperative Incorporated

Arkadelphia, AR
Tax-exempt since April 1942
EIN: 71-0165740

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$29.3M (2023)

Expenses

$27.7M (2023)

Total Assets

$128M (2023)

Total Liabilities

$87.8M (2023)

Years with missing data

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$29,318,440

Expenses

$27,652,741

Net Income

$1,665,699

Net Assets

$40,309,075

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$24,824,147	84.7%
Investment Income	$438,896	1.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$182,061	0.6%
Other Revenue	$3,873,336	13.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$623,424	2.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$128,109,281
Total Liabilities	$87,800,206
Net Assets	$40,309,075

Club or Co-Op Income
Income From Members	$25,284,750
Income From Other Sources	$4,033,690

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Colby Wells (Chief Executive Officer)	$237,303	$0	$118,065
Jamie Farrell (Vp Technology/Gm Fiber Sub)	$118,522	$0	$70,286
Austin Wilson (Serviceman)	$117,321	$0	$52,624
Albert Cummings (Lineman)	$112,595	$0	$38,704
Michael Armstrong (Vp Of Operations)	$106,240	$0	$64,769
Jeremy Leamons (Serviceman)	$100,081	$0	$52,107
Tim Trout (Secretary/Treas)	$14,500	$0	$19,920
Shelly Loe (Director)	$14,000	$0	$25,702
Ricky Francis (Director)	$12,500	$0	$20,358
Brian Kirksey (President)	$11,500	$0	$21,045
Danny Buck (Director)	$11,000	$0	$20,607
Ronnie Penney (Director)	$11,000	$0	$11,178
Scott Clark (Vice President)	$10,500	$0	$26,389
Karen Kirkpatrick (Secretary/Treas)	$9,000	$0	$20,607
Mark Batson (Director)	$8,250	$0	$0

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990

Filed on May 22, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$35,113,922

Expenses

$33,760,981

Net Income

$1,352,941

Net Assets

$39,854,933

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$27,011,842	76.9%
Investment Income	$503,287	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$182	0.0%
Other Revenue	$7,598,611	21.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$425,430	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$118,999,056
Total Liabilities	$79,144,123
Net Assets	$39,854,933

Club or Co-Op Income
Income From Members	$31,031,892
Income From Other Sources	$4,076,052

Compensation

Key Employees and Officers	Compensation	Related	Other
Colby Wells (Ceo)	$181,633	$0	$37,526
Walter Ivy (Operations Coord)	$104,342	$0	$24,831
Jeremy Leamons (Lineman)	$101,774	$0	$24,432
Shelly Loe (Director)	$9,200	$0	$25,872
Brian Kirksey (President)	$8,400	$0	$20,951
Karen Kirkpatrick (Secretary/Treas)	$8,400	$0	$20,703
Ricky Francis (Director)	$8,400	$0	$20,332
Ronnie Penney (Vice President)	$7,600	$0	$15,188
Danny Buck (Director)	$6,400	$0	$20,703
Scott Clark (Director)	$5,200	$0	$10,952
Tim Trout (Secretary/Treas)	$4,800	$0	$8,370
Mark Batson (Director)	$4,800	$0	$0

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990

Filed on May 11, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$29,466,785

Expenses

$27,805,108

Net Income

$1,661,677

Net Assets

$38,012,661

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$23,213,337	78.8%
Investment Income	$903,033	3.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$829	0.0%
Other Revenue	$5,349,586	18.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$475,081	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$108,210,607
Total Liabilities	$70,197,946
Net Assets	$38,012,661

Club or Co-Op Income
Income From Members	$25,716,327
Income From Other Sources	$3,836,121

Compensation

Key Employees and Officers	Compensation	Related	Other
Colby Wells (Ceo)	$162,705	$0	$34,847
Walter Ivy (Crew Leady)	$114,399	$0	$23,971
Austin Wilson (Lineman)	$111,029	$0	$24,124
Jeremy Leamons (Lineman)	$106,591	$0	$23,433
Brian Kirksey (Director)	$28,900	$0	$26,234
Karen Kirkpatrick (Director)	$10,000	$0	$20,652
Steve Allgood (Secretary)	$9,600	$0	$20,513
Danny Buck (President)	$8,000	$0	$20,652
Ronnie Penney (Director)	$8,000	$0	$20,652
Ricky Francis (Director)	$8,000	$0	$20,332
Shelly Loe (Vice President)	$6,800	$0	$26,234
Elton Buck (Director)	$6,800	$0	$20,084
Frances Nelson (Secretary)	$3,600	$0	$12,476

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990

Filed on May 11, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$28,849,743

Expenses

$28,366,918

Net Income

$482,825

Net Assets

$36,252,540

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$23,915,578	82.9%
Investment Income	$1,054,429	3.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$1,037	0.0%
Other Revenue	$3,878,699	13.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$632,256	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$92,927,756
Total Liabilities	$56,675,216
Net Assets	$36,252,540

Club or Co-Op Income
Income From Members	$25,687,247
Income From Other Sources	$3,165,786

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kevin Brownlee (Ceo)	$269,297	$0	$30,660
Colby Wells (Operations Manager)	$119,190	$0	$30,419
Brian Kirksey (President)	$54,800	$0	$25,224
Ricky Francis (Director)	$14,000	$0	$19,573
Frances Nelson (Secretary/Treas)	$13,200	$0	$20,175
Danny Buck (Vice President)	$12,400	$0	$19,735
Michelle Loe (Director)	$10,800	$0	$25,224
Steve Allgood (Director)	$10,800	$0	$19,765
Karen Kirkpatrick (Director)	$10,000	$0	$19,735
Elton Buck (Director)	$9,600	$0	$19,133
Ronnie Penney (Director)	$8,400	$0	$19,735

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990

Filed on July 14, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$26,610,034

Expenses

$25,255,104

Net Income

$1,354,930

Net Assets

$35,934,330

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$24,385,076	91.6%
Investment Income	$1,122,417	4.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$1,257	0.0%
Other Revenue	$1,101,284	4.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$488,272	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$76,700,457
Total Liabilities	$40,766,127
Net Assets	$35,934,330

Club or Co-Op Income
Income From Members	$24,908,062
Income From Other Sources	$1,708,913

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kevin Brownlee (Ceo)	$202,078	$0	$36,222
Colby Wells (Operations Manager)	$102,667	$0	$28,394
Frances Nelson (Secretary/Treas)	$10,800	$0	$18,974
Karen Kirkpatrick (Director)	$10,800	$0	$18,327
Ricky Francis (Director)	$10,800	$0	$18,395
Brian Kirksey (President)	$9,200	$0	$23,609
Elton Buck (Director)	$8,800	$0	$17,749
Steve Allgood (Director)	$8,800	$0	$12,255
Michelle Loe (Director)	$8,400	$0	$23,609
Danny Buck (Vice President)	$7,200	$0	$18,327
Ronnie Penney (Director)	$5,600	$0	$18,327

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990

Filed on April 22, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2017

Revenue

$25,560,753

Expenses

$23,993,094

Net Income

$1,567,659

Net Assets

$34,635,090

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$23,533,989	92.1%
Investment Income	$1,200,168	4.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$5,999	0.0%
Other Revenue	$820,597	3.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$267,523	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$68,120,745
Total Liabilities	$33,485,655
Net Assets	$34,635,090

Club or Co-Op Income
Income From Members	$23,840,881
Income From Other Sources	$1,719,872

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$24,644,553

Expenses

$23,334,116

Net Income

$1,310,437

Net Assets

$33,087,156

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$22,806,518	92.5%
Investment Income	$1,180,037	4.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$2,731	0.0%
Other Revenue	$655,267	2.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$246,520	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$66,675,618
Total Liabilities	$33,588,462
Net Assets	$33,087,156

Club or Co-Op Income
Income From Members	$23,109,801
Income From Other Sources	$1,534,752

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$24,140,292

Expenses

$22,447,331

Net Income

$1,692,961

Net Assets

$32,547,127

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$22,531,222	93.3%
Investment Income	$1,105,938	4.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$922	0.0%
Other Revenue	$502,210	2.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$226,353	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$63,731,239
Total Liabilities	$31,184,112
Net Assets	$32,547,127

Club or Co-Op Income
Income From Members	$22,843,113
Income From Other Sources	$1,297,179

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$24,758,168

Expenses

$22,820,194

Net Income

$1,937,974

Net Assets

$31,024,900

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$23,298,094	94.1%
Investment Income	$832,903	3.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$18
Other Revenue	$627,171	2.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$229,620	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$64,420,109
Total Liabilities	$33,395,209
Net Assets	$31,024,900

Club or Co-Op Income
Income From Members	$23,845,049
Income From Other Sources	$913,199

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$24,753,045

Expenses

$21,762,608

Net Income

$2,990,437

Net Assets

$29,344,336

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$23,484,190	94.9%
Investment Income	$742,886	3.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$43	0.0%
Other Revenue	$525,926	2.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$222,229	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$65,460,613
Total Liabilities	$36,116,277
Net Assets	$29,344,336

Club or Co-Op Income
Income From Members	$23,929,943
Income From Other Sources	$823,102

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$22,154,683

Expenses

$19,740,161

Net Income

$2,414,522

Net Assets

$26,490,804

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$20,998,155	94.8%
Investment Income	$588,914	2.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$297
Other Revenue	$567,911	2.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$239,733	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$62,808,074
Total Liabilities	$36,317,270
Net Assets	$26,490,804

Club or Co-Op Income
Income From Members	$21,341,198
Income From Other Sources	$813,485

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$21,814,883

Expenses

$19,979,501

Net Income

$1,835,382

Net Assets

$24,186,836

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$21,114,357	96.8%
Investment Income	$376,145	1.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$446	0.0%
Other Revenue	$323,935	1.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$202,043	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$58,662,152
Total Liabilities	$34,475,316
Net Assets	$24,186,836

Club or Co-Op Income
Income From Members	$21,438,738
Income From Other Sources	$376,145

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Updated October 30, 2024

South Central Arkansas Electric Cooperative Incorporated

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $29.3M (2023)

Expenses $27.7M (2023)

Total Assets $128M (2023)

Total Liabilities $87.8M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Revenue

$29.3M (2023)

Expenses

$27.7M (2023)

Total Assets

$128M (2023)

Total Liabilities

$87.8M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004