1. Directory
  2. Texas
  3. Lubbock
  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
Coserv ElectricCorinth, TX$826,144,853
Sequachee Valley Electric CooperativeSouth Pittsburg, TN$112,585,937
Kit Carson Electric CooperativeTaos, NM$57,387,729
Powder River Energy CorporationSundance, WY$176,963,725
Sulphur Springs Valley Electric CooperativeWillcox, AZ$139,123,621
Southern Maryland Electric CooperativeHughesville, MD$558,196,918
Dixie Electric Membership CorporationBaton Rouge, LA$316,976,547
Southwest Arkansas Electric Cooperative CorporationTexarkana, TX$67,125,073
South Central Power CompanyLancaster, OH$369,451,843
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
Free account sign-up

Want updates when South Plains Electric Cooperative has new information, or want to find more organizations like South Plains Electric Cooperative?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2024 Nonprofit Metrics LLC
Terms of Service and Privacy Policy