EIN 63-0238274

Powersouth Energy Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
658
City
Andalusia
State
Year formed
1941
Most recent tax filings
2022-12-01
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
$852,552,468
2022
Total expenses
$840,042,244
2022
Total assets
$2,529,005,112
2022
Num. employees
658
2022

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 12 more key personnel

Financials for Powersouth Energy Cooperative

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$846,511,214
Investment income and dividends$4,207,840
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-3,926
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,837,340
Total revenues$852,552,468

Form 990s for Powersouth Energy Cooperative

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-08990View PDF
2020-122021-11-15990View PDF
2018-122020-02-03990View PDF
2017-122018-12-22990View PDF
...and 8 more Form 990s

Organizations like Powersouth Energy Cooperative

OrganizationLocationRevenue
East River Electric Power CooperativeMadison, SD$335,441,988
South Central Power CompanyLancaster, OH$369,451,843
Magic Valley Electric CooperativeMercedes, TX$320,139,415
Brunswick Electric Membership CorporationShallotte, NC$218,662,307
Southwest Louisiana Electric Membership CorporationLafayette, LA$295,781,574
Connexus EnergyRamsey, MN$266,851,245
Dairyland Power CooperativeLa Crosse, WI$533,755,056
Delaware Electric CooperativeGreenwood, DE$226,822,126
Arizona Electric Power CooperativeBenson, AZ$291,757,317
Carroll Electric Cooperative CorporationBerryville, AR$275,207,800
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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