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EIN 75-0569260

South Plains Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
203
City
Lubbock
State
Texas
Year formed
1943
Most recent tax filings
2023-12-01
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
$191,206,295
2023
Total expenses
$192,742,795
2023
Total assets
$528,128,446
2023
Num. employees
203
2023

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 73,120 active services at year end.

Grants made by South Plains Electric Cooperative

GranteeGrant descriptionAmount
Inside Out FoundationCommunity Agencies$11,100
Lubbock Chamber of CommerceChamber Support$8,825

Financials for South Plains Electric Cooperative

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$192,461,578
Investment income and dividends$763,755
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$113,948
Net gain from sale of non-inventory assets$-2,457,743
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$195,967
Miscellaneous revenues$128,790
Total revenues$191,206,295

Organizations like South Plains Electric Cooperative

OrganizationLocationRevenue
Consumers PowerPhilomath, OR$51,938,913
Sequachee Valley Electric CooperativeSouth Pittsburg, TN$112,012,967
Continental Divide Electric CooperativeGrants, NM$69,570,042
Coserv ElectricCorinth, TX$780,794,954
Pentex EnergyMuenster, TX$53,636,363
Canadian Valley Electric CooperativeSeminole, OK$78,498,090
Dakota Valley Electric CooperativeEdgeley, ND$61,076,760
Southern Maryland Electric CooperativeHughesville, MD$482,120,622
New Hampshire Electric Cooperative (NHEC)Plymouth, NH$183,216,707
Dixie Electric Membership CorporationBaton Rouge, LA$255,138,584
Data update history
February 5, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 5, 2025
Used new vendors
Identified 2 new vendors, including , and
November 6, 2024
Updated personnel
Identified 2 new personnel
December 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 28, 2023
Updated personnel
Identified 1 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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