Carroll Electric Cooperative Corporation

Organization Overview

Carroll Electric Cooperative Corporation is located in Berryville, AR. The organization was established in 1939. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Carroll Electric Cooperative Corporation employed 335 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carroll Electric Cooperative Corporation is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Carroll Electric Cooperative Corporation generated $239.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $239.2m during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SERVE OUR MEMBERS WITH SAFE, RELIABLE, AND AFFORADABLE ELECTRICITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SALES OF ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 110,262 ACTIVE SERVICES AT YEAR END.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Capital Electric Line Builders Inc
Line Construction
$5,487,651
Barrows Excavation Inc
Construction Services
$5,535,227
Arkansas Electric Cooperativeinc
Line Construction, Row Clearing, & Train
$3,544,456
Black & Mcdonald
Engineering
$2,488,016
Bbc Electrical Services Inc
Line Construction
$2,192,659
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$236,739,088
Investment income $674,817
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $23,334
Net Gain/Loss on Asset Sales $650,584
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $16,256
Miscellaneous Revenue$0
Total Revenue $239,227,342

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