Southeastern Electric Exchange INC EIN 58-0435110 Form 990 (PDF) Claim this org

Southeastern Electric Exchange INC

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Empowers utility systems and their staff for regional growth and resource enhancement. For fiscal year 2024 it reported $4.7M in revenue, $3.0M in expenses, and $7.9M in net assets.Pt I

Founded
1971
Type
Business league / trade association · Nonprofit
Location
Atlanta, GA
Website
www.theexchange.org
Filings
4 on file (2021–2024)
Revenue
$4.7MFY2024
Expenses
$3.0M
Net assets
$7.9M
People
22
Filings
4
Updates
0
More identity details & actions ⌄
EIN  58-0435110 Business league / trade association Atlanta, GA Founded 1971
Form 990 (PDF)
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Figures match the IRS filing checked 8/25/26 · see original: IRS
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Size
$1–10M
What they do
Empowers utility systems and their staff for regional growth and resource enhancement.
Leadership
Scott H Smith · Exec Director & Corp Secretary · $365K
Money in and out
$4.7M revenue, $3.0M expenses
Bottom line
+36% operating surplus
Membership & operating revenue · FY2024
Total revenue
$4.7M
Pt VIII · Ln 12
Total expenses
$3.0M
Pt IX · Ln 25
Net assets
$7.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.7M
Operating surplus
+36%
revenue over expenses▲ +26% vs prior filing year
Earned revenue
95%
of revenue from program services & dues▼ -1% vs prior filing year
Payroll share
38%
of spending is salaries & benefits▲ +10% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$4.7M
FY2024▲ +10%
Expenses
$3.0M
FY2024▼ -1%
Total assets
$9.0M
FY2024▲ +28%
Total liabilities
$1.1M
FY2024▲ +6%
Total revenue
$4.7M
Pt VIII · Ln 12
Total expenses
$3.0M
Pt IX · Ln 25
Net assets
$7.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.7M
Total assetsPt X · Ln 16$9.0M
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 419

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSoutheastern Electric Exchange INC
EINHdr · item D58-0435110
Principal addressHdr · item CAtlanta, GA
WebsiteHdr · item Jwww.theexchange.org
Year of formationHdr · item L1971
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFFeb 1957

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1b19
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Exec Director & Corp Secretary
$365,033Pt VII · Sec A
Administrator
$175,232Pt VII · Sec A
Administrator
$150,773Pt VII · Sec A
Coordinator
$105,434Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021
Scott H Smith$365,033
Scott H Smith$343,302$309,181$319,981$273,783
Joseph E Hammond$175,232
Amy B Bekele$150,773
Anita M Wilson$138,847$146,990$143,400$140,021
Amy B Bekele$142,246$129,872$126,258$123,250
Kendra Cutno$105,434

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2024.
01

Conducted 35 working group meetings during the year which were attended by 759 individuals from member companies and provided training and continuing education in the fields of safety and accident prevention; claims administration; integrated resource planning; joint use of facilities and plant; metering and distribution service devices…

Pt IX · col B
02

Conducted a two and one half-day annual conference which was attended by 2,033 individuals from member companies and trade partners. The conference provided current information and continuing education during sessions on electric distribution; substation; transmission; fleet management & maintenance; real estate & right-of-way…

Pt IX · col B
03

Membership dues are assessed annually by the board of directors. Affiliate members (service company members) pay the current base dues amount of $3,200. All other members (operating company members) pay base dues equal to $3,000 plus a proportionate amount of the remaining assessment.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue$4.5M · 95%
Investment income$256K · 5%
Program service revenue95%$4.5M
Investment income5%$256K
Other revenue$3K
Total revenueLn 12$4.7M

Balance Sheet

Part X · end of year
CashLn 1$1.6M
Total assetsLn 16$9.0M
Total liabilitiesLn 26$1.1M
Total net assetsLn 32$7.9M
Months of cash on handcomputed6.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $8.7M · Operating expenses/yr $3.0M
34.4 months
Where the money goes
Program services
Program services — · Total expenses $3.0M
Management & General
Management & general — · Total expenses $3.0M
Fundraising
Fundraising — · Total expenses $3.0M
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $4.7M
0%
Government reliance
Government grants — · Total revenue $4.7M
Earned-income share
Program service revenue $4.5M · Total revenue $4.7M
95%
Investment reliance
Investment income $256K · Total revenue $4.7M
+5%
Program self-sufficiency
Program service revenue $4.5M · Total expenses $3.0M
148%
Growth & trend
Revenue growth (YoY)
This year $4.7M · Prior year $4.3M
+10%
Revenue CAGR
FY2020 $1.1M · FY2024 $4.7M
+44%
Net-asset trend (YoY)
End of year $7.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.7M · Expenses $3.0M
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $9.0M
Net-asset ratio
Net assets $7.9M · Total assets $9.0M
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $7.0M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $9.0M
78%
People & payroll
Highest Reported Total Compensation
Individual Scott H Smith · Reported title EXEC DIRECTOR & CORP SECRETARY · Highest reported compensation $365K · Total expenses $3.0M
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.2M · Total expenses $3.0M
38%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 10%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$4.3M revenue · ⤓ 990 PDF
FY2023$3.6M revenue · ⤓ 990 PDF
FY2022$3.3M revenue · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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