EIN 63-0238274

PowerSouth Energy Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
599
City
Andalusia
State
Year formed
1941
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Powersouth Energy Cooperative produces and transmits wholesale electric power to cooperative and municipal members in Alabama and northwest Florida, serving the energy needs of 20 utility distribution members. Its mission is to be a cooperative utility system under the provisions of the Rural Electrification Act of 1936.
Total revenues
$718,076,835
2023
Total expenses
$704,858,774
2023
Total assets
$2,734,549,230
2023
Num. employees
599
2023

Program areas at PowerSouth Energy Cooperative

Powersouth Energy Cooperative serves the wholesale Energy needs of 20 utility distribution members in Alabama and northwest Florida.

Personnel at PowerSouth Energy Cooperative

NameTitleCompensation
Gary SmithChief Executive Officer and President / President and Chief Executive Officer$1,830,250
Damon MorganChief Operating Officer and Vice President / Chief Operating Officer / Vice - President$6,736,847
Elizabeth C WoodardChief Financial Officer and Executive Vice President$652,807
Joe ArmstrongVice President of Engineering and Operations / Director of Engineering$309,235
Matthew DiamondVice President of Member Services and Communications / Vice President of Member Services and Communicat / Bulk Power , Fuels and Energy Resources Manager$338,730
...and 11 more key personnel

Financials for PowerSouth Energy Cooperative

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$709,740,490
Investment income and dividends$7,314,195
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$682,701
Net gain from sale of non-inventory assets$276,029
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$63,420
Total revenues$718,076,835

Form 990s for PowerSouth Energy Cooperative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-04990View PDF
2022-122023-11-15990View PDF
2021-122022-11-08990View PDF
2020-122021-11-15990View PDF
2018-122020-02-03990View PDF
...and 9 more Form 990s

Organizations like PowerSouth Energy Cooperative

OrganizationLocationRevenue
PNGC Power (PNGC)Clackamas, OR$223,116,302
Central Electric Power CooperativeJefferson City, MO$253,080,355
Walton EMCMonroe, GA$369,406,838
Snapping Shoals EMCCovington, GA$236,987,219
East Texas Electric CooperativeNacogdoches, TX$496,652,970
United PowerBrighton, CO$342,490,393
Sawnee Electric Membership CorporationCumming, GA$448,226,229
Northeast Texas Electric Cooperative (NTEC)Longview, TX$309,803,168
Great Lakes Energy CooperativeBoyne City, MI$256,252,080
Tri-County Electric CooperativeincAledo, TX$454,006,532
Data update history
January 22, 2024
Updated personnel
Identified 9 new personnel
January 15, 2024
Posted financials
Added Form 990 for fiscal year 2022
July 31, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 12, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 4, 2023
Updated personnel
Identified 51 new personnel
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
No characteristics found
General information
Address
PO Box 550
Andalusia, AL 36420
County
Covington County, AL
Website URL
powersouth.com/ 
Phone
(334) 427-3000
IRS details
EIN
63-0238274
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1941
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Independent
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