Southside Electric Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 820110465 ✦ Declo, ID ✦ Designated as a 501(c)(12)

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Overview

What is Southside Electric Inc?

Southside Electric Inc, situated in Declo, ID, functions as a public utility. Their primary objective is to distribute electricity to their designated service area, ensuring a consistent and reliable power supply to the community. The organization is committed to meeting the energy needs of the Declo area, demonstrating a dedication to the local populace and their energy requirements.

Is Southside Electric Inc legitimate?

Southside Electric Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Southside Electric Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,825
Professional Fundraising Fees: $0
Other Salaries and Wages: $614,307

For more financial information, click here

What is the mission statement of Southside Electric Inc?

Southside Electric Inc., as a public utility, is committed to its mission of distributing power to its designated service area. This mission is focused on ensuring a reliable and consistent energy supply, thereby meeting the power needs of its customer base. The company's operations are geared towards maintaining and improving the power infrastructure, ensuring uninterrupted power supply, and addressing any technical issues that may arise. Southside Electric Inc. is dedicated to providing high-quality service, prioritizing the needs of its customers, and contributing to the overall energy needs of its service area. The company's operations are guided by a commitment to safety, reliability, and efficiency in power distribution.

Who is the CEO of Southside Electric Inc?

Russell Perley is the President of Southside Electric Inc.

What is the revenue of Southside Electric Inc?

Southside Electric Inc's revenue in 2022 was $4,576,655.

Who are the executives of Southside Electric Inc and what are their salaries?

The average compensation at Southside Electric Inc during 2022 was $77,016. There are 8 employees at Southside Electric Inc.


Here are 6 key members and their salaries:


Jared Teeter (General Manager)
  • Compensation: $109,520
  • Related: $0
  • Other: $44,428
Russell Perley (President)
  • Compensation: $495
  • Related: $0
  • Other: $0
Jeff Darrington (Secretary)
  • Compensation: $385
  • Related: $0
  • Other: $0
Danny Turner (Director)
  • Compensation: $350
  • Related: $0
  • Other: $0
Shawn Hurst (Vice President)
  • Compensation: $350
  • Related: $0
  • Other: $0
Jesse Wickel (Director)
  • Compensation: $245
  • Related: $0
  • Other: $0
Where can I find the form 990 for Southside Electric Inc?

Southside Electric Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Southside Electric Inc

Southside Electric, as a public utility, is dedicated to serving its area in Declo, Idaho. Its primary mission is to distribute power efficiently and reliably within this service area. This essential task allows the community to function smoothly, powering homes, businesses, and public facilities. By fulfilling this mission, Southside Electric contributes significantly to the overall well-being and comfort of the people it serves.

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Impact




October, 2024

Southside Electric Inc plays a crucial role in the Declo community by ensuring reliable power distribution to the area. By providing essential electrical services, the utility supports local businesses, households, and public institutions, contributing to the overall economic stability of Declo, ID. The consistent supply of electricity is vital for everyday activities, safety, and the development of the community. Southside Electric's commitment to its mission fosters a sense of security among residents, allowing them to focus on growth and innovation in their personal and professional lives. Through its operations, the utility not only enhances the quality of life for Declo's residents but also underlines the importance of public utilities in sustaining local infrastructure and services.




This information is meant to be a general summary of Southside Electric Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$4,576,655 (2022)
Expenses
$4,087,247 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,699
  • Program Service Revenue: $4,569,178
  • Gross Receipts: $4,576,655

Assets and Liabilities:

  • Total Assets: $5,942,314
  • Total Liabilities: $390,926
  • Net Assets: $5,551,388

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

POWER SALES

Revenue

$4,569,178

Organization Details

Founding Year

1937

Principal Officer

Russell Perley

Main Address

74 N CLARK ST, DECLO, ID, 83323

NTEE Category

Code: W80 - Public benefit

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