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Nonprofit · EIN 71-0165740

SOUTH CENTRAL ARKANSAS ELECTRIC COOPERATIVE INCORPORATED

Tax-exempt · ARKADELPHIA, AR 71923

Financials

$29.3M$27.7M2023$34.4M$28.3M2024
Revenue Expenses · by fiscal year end
Financials of SOUTH CENTRAL ARKANSAS ELECTRIC COOPERATIVE INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$34,430,241$28,265,681$6,164,560$125,990,484$81,894,007$44,096,477
December 31, 2023990$29,318,440$27,652,741$1,665,699$128,109,281$87,800,206$40,309,075
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$29,255,377
Investment income
$429,157
Net income from sales of inventory
$234
Other revenue
$4,745,707

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$625,195
Salaries, compensation and benefits (total)
$625,195
Professional fundraising fees
$0
Depreciation
$4,223,872
Program services (functional)
$28,265,681

Balance sheet and other

Total assets, start of year
$128,109,281
Total assets, end of year
$125,990,484
Total liabilities, end of year
$81,894,007
Net assets, end of year
$44,096,477
Land, buildings and equipment
$97,276,194
Gross receipts
$34,437,485
Employees
37
Volunteers
0
Year formed
1941
State of legal domicile
AR

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
COLBY WELLSCHIEF EXECUTIVE OFFICER
Officer
60$230,370$128,054
JAMIE FARRELLVP TECHNOLOGY/GM FIBER SUB
Highest-paid employee
41$134,519$75,316
AUSTIN WILSONSERVICEMAN
Highest-paid employee
55$125,767$54,631
WALTER IVYOPERATIONS COORDINATOR
Highest-paid employee
46$119,867$56,948
JEREMY LEAMONSSERVICEMAN
Highest-paid employee
48$118,054$53,993
COLLIN MEDLEYSERVICEMAN
Highest-paid employee
53$120,041$34,001
SCOTT CLARKVICE-PRESIDENT
Trustee or director, Officer
5$13,000$27,218
SHELLY LOEDIRECTOR
Trustee or director
3$11,500$26,486
BRIAN KIRKSEYPRESIDENT
Trustee or director, Officer
5$16,000$21,375
TIM TROUTSECRETARY/TREAS
Trustee or director
5$12,000$20,643
KAREN KIRKPATRICKSECRETARY/TREAS
Trustee or director, Officer
4$10,000$21,375
DANNY BUCKDIRECTOR
Trustee or director
3$9,500$21,375
RICKY FRANCISDIRECTOR
Trustee or director
7$7,500$20,643
RONNIE PENNEYDIRECTOR
Trustee or director
1$8,000$11,656
MARK BATSONDIRECTOR
Trustee or director
5$8,500$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensationOther / benefits
COLBY WELLSCHIEF EXECUTIVE OFFICER
Officer
60$237,303$118,065
JAMIE FARRELLVP TECHNOLOGY/GM FIBER SUB
Highest-paid employee
41$118,522$70,286
MICHAEL ARMSTRONGVP OF OPERATIONS
Highest-paid employee
41$106,240$64,769
AUSTIN WILSONSERVICEMAN
Highest-paid employee
55$117,321$52,624
JEREMY LEAMONSSERVICEMAN
Highest-paid employee
48$100,081$52,107
ALBERT CUMMINGSLINEMAN
Highest-paid employee
55$112,595$38,704
SHELLY LOEDIRECTOR
Trustee or director
3$14,000$25,702
SCOTT CLARKVICE-PRESIDENT
Trustee or director, Officer
5$10,500$26,389
TIM TROUTSECRETARY/TREAS
Trustee or director
5$14,500$19,920
RICKY FRANCISDIRECTOR
Trustee or director
7$12,500$20,358
BRIAN KIRKSEYPRESIDENT
Trustee or director, Officer
5$11,500$21,045
DANNY BUCKDIRECTOR
Trustee or director
3$11,000$20,607
KAREN KIRKPATRICKSECRETARY/TREAS
Trustee or director, Officer
4$9,000$20,607
RONNIE PENNEYDIRECTOR
Trustee or director
1$11,000$11,178
MARK BATSONDIRECTOR
Trustee or director
5$8,250$0

Address and contacts

Address (IRS master file)
PO BOX 476, ARKADELPHIA, AR 71923-0476
Signed the 990
COLBY WELLS, CEO
Phone
(870) 246-6701
Return prepared by
HEARD MCELROY & VESTAL LLC

Mission

ELECTRIC DISTRIBUTION TO MEMBERS AT MINIMAL COST.250,059,530 KWH WERE SOLD TO AN AVERAGE OF 10,675 CONSUMERS.

990 for the year ended December 31, 2024

Program accomplishments

  • REVENUE FROM SALES OF ELECTRIC ENERGY IS BILLED TO COVER ONLY AMOUNTS NECESSARY TO PROVIDE ELECTRIC DISTRIBUTION TO OUR MEMBERS, WHICH IS THE BASIS FOR WHICH THE COOPERATIVE IS ORGANIZED AND MAINTAINED. REGULATION BY THE ARKANSAS PUBLIC SERVICE COMMISSION ASSURES THAT OUR RATES COVER THE COST OF PROVIDING SERVICE WITHOUT A PLANNED PROFIT.
    Expenses $28,265,681

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
71-0165740
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1942
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$125,990,484
Income (IRS master file)
$34,437,485

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$34,430,241$28,265,681$125,990,484IRS
990December 2023$29,318,440$27,652,741$128,109,281XML
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 71-0165740).

Questions about SOUTH CENTRAL ARKANSAS ELECTRIC COOPERATIVE INCORPORATED

What is the EIN of SOUTH CENTRAL ARKANSAS ELECTRIC COOPERATIVE INCORPORATED?
The employer identification number (EIN) of SOUTH CENTRAL ARKANSAS ELECTRIC COOPERATIVE INCORPORATED is 71-0165740.
Is SOUTH CENTRAL ARKANSAS ELECTRIC COOPERATIVE INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
Are donations to SOUTH CENTRAL ARKANSAS ELECTRIC COOPERATIVE INCORPORATED tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SOUTH CENTRAL ARKANSAS ELECTRIC COOPERATIVE INCORPORATED file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SOUTH CENTRAL ARKANSAS ELECTRIC COOPERATIVE INCORPORATED due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOUTH CENTRAL ARKANSAS ELECTRIC COOPERATIVE INCORPORATED last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of SOUTH CENTRAL ARKANSAS ELECTRIC COOPERATIVE INCORPORATED?
The 990 for the year ended December 31, 2024 lists 15 people; 15 received compensation from the organization, the highest $230,370 (COLBY WELLS, CHIEF EXECUTIVE OFFICER).
How much revenue does SOUTH CENTRAL ARKANSAS ELECTRIC COOPERATIVE INCORPORATED have?
On its 990 for the year ended December 31, 2024 it reported revenue of $34,430,241, expenses of $28,265,681 and total assets of $125,990,484 at year end.

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