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  4. South Plains Electric Cooperative
EIN 75-0569260

South Plains Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
210
City
Lubbock
State
Texas
Year formed
1943
Most recent tax filings
2022-12-01
NTEE code, primary
W80: Public Utilities
Description
South Plains Electric Cooperative provides electric energy to its members at cost on a cooperative basis. Its mission is to be the preferred electric utility provider in the service area by offering appropriate, value-based services desired by the membership. Through the allocation of patronage capital, the cooperative sells electric energy to its 66,578 active services at year-end.
Total revenues
$208,235,314
2022
Total expenses
$209,462,049
2022
Total assets
$486,202,083
2022
Num. employees
210
2022

Program areas at South Plains Electric Cooperative

Sales of Electric energy to our members at cost on a Cooperative basis through the allocation of patronage capital. There were 69,941 active services at year end.

Grants made by South Plains Electric Cooperative

GranteeGrant descriptionAmount
Inside Out FoundationCommunity Agencies$11,100
Lubbock Area United WayAnnual Support$9,500
Lubbock Chamber of CommerceChamber Support$7,175

Personnel at South Plains Electric Cooperative

NameTitleCompensation
Shane AdamsChief Financial Officer / Manager of Accounting$201,111
Dale AncellExecutive Vice President and General Manager$273,562
Lynn SimmonsDirector of Communications$194,687
Tahnee TruittDirector of Human Resources$202,157
Jeremy HerringManager of Operation Systems$164,332
...and 10 more key personnel

Financials for South Plains Electric Cooperative

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$209,185,784
Investment income and dividends$503,591
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$78,998
Net gain from sale of non-inventory assets$-2,021,543
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$358,164
Miscellaneous revenues$130,320
Total revenues$208,235,314

Form 990s for South Plains Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-06-08990View PDF
2018-122020-01-14990View PDF
...and 9 more Form 990s

Organizations like South Plains Electric Cooperative

OrganizationLocationRevenue
Southern Maryland Electric CooperativeHughesville, MD$558,196,918
Dixie Electric Membership CorporationBaton Rouge, LA$316,976,547
Kit Carson Electric CooperativeTaos, NM$57,387,729
Powder River Energy CorporationSundance, WY$176,963,725
Coserv ElectricCorinth, TX$826,144,853
Sequachee Valley Electric CooperativeSouth Pittsburg, TN$112,585,937
Sulphur Springs Valley Electric CooperativeWillcox, AZ$139,123,621
South Central Power CompanyLancaster, OH$369,451,843
Southwest Arkansas Electric Cooperative CorporationTexarkana, TX$67,125,073
A and N Electric CooperativeTasley, VA$86,304,717
Data update history
December 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 28, 2023
Updated personnel
Identified 1 new personnel
December 24, 2023
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local levelReceives government funding
General information
Address
PO Box 1830
Lubbock, TX 79408
Metro area
Lubbock, TX
County
Lubbock County, TX
Website URL
spec.coop/ 
Phone
(806) 775-7732
IRS details
EIN
75-0569260
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1943
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
Central organization
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