Overview

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Est.

1943

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

South Plains Electric Cooperative Inc, with EIN 75-0569260, is a nonprofit organization dedicated to providing electric energy to its members at cost on a cooperative basis. Operating with a budget of $165.4 million and generating total revenue of $167.6 million in the 2024 filing year, the cooperative focuses on public utilities in its service area. More information can be found on their website at www.spec.coop.

Mission Statement

TO PROVIDE ELECTRIC ENERGY TO MEMBERS AT COST ON A COOPERATIVE BASIS.
Revenues
$167.6M
Expenses
$169.2M
Net Income:
-$1.6M
Assets
$563.8M
Liabilities
$333.4M
Net Assets:
+$230.5M
Operating Budget
$165.4M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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L
Lloyd Arthur
Board Member
D
Danny Stanton
Board Member
B
Brent Whitaker
Board Member

Frequently Asked Questions

What is SOUTH PLAINS ELECTRIC COOPERATIVE INC’s budget?
In 2024, SOUTH PLAINS ELECTRIC COOPERATIVE INC reported an annual operating budget of around $165.4 million. More detailed financial information is available to registered users.
What causes does SOUTH PLAINS ELECTRIC COOPERATIVE INC support?
SOUTH PLAINS ELECTRIC COOPERATIVE INC supports work in Public utilities.
Where does SOUTH PLAINS ELECTRIC COOPERATIVE INC operate?
SOUTH PLAINS ELECTRIC COOPERATIVE INC is headquartered in Lubbock, TX.