Swans Island Electric Cooperative Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 11
- Location
- Swans Island, ME
- Founding
- 03/1974
- Data as of
- 12/2019
- EIN
- 01-0217861
Organization Overview
Swans Island Electric Cooperative Inc is located in Swans Island, ME. The organization was established in 1974. 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 12/2019, Swans Island Electric Cooperative Inc employed 11 individuals. Swans Island Electric Cooperative Inc 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
PROVIDING ELECTRICAL SERVICES AT LOWEST POSSIBLE COST TO RESIDENTS OF SWANS ISLAND & FRENCHBORO, ME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Schwabe Jr President | 1 | $0 | |
Jason Matthews Vice Pres/sec. | 0 | $0 | |
Sarah Lane Director | 0 | $0 | |
Eric Staples Director | 0 | $0 | |
Jeffrey Ellison General Manager | 1 | $0 | |
George Baker Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$24,743 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $12,707 |
| Total Revenue | -$12,036 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $11,662 |
| Occupancy, rent, utilities, and maintenance | $3,682 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,759 |
| Total expenses | $19,103 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fox Islands Electric Cooperative Inc Vinalhaven, ME | $19,465,997 | $2,926,731 |
Light Of Life Ministries Inc Augusta, ME | $2,671,599 | $1,151,596 |
Northern Maine Independent System Administration Inc Bangor, ME | $2,378,425 | $1,121,875 |
Maine Water Utilities Association Augusta, ME | $605,822 | $846,884 |
Industrial Energy Consumer Group Augusta, ME | $56,607 | $454,852 |
Maine Renewable Energy Association Augusta, ME | $321,640 | $397,860 |
Mountain Top Telecom Inc Franconia, NH | $152,799 | $251,110 |
Monmouth Water Association Monmouth, ME | $1,800,228 | $222,087 |
Maine Water Environment Association Augusta, ME | $64,398 | $0 |
Newport Community Television Inc Newport, NH | $333,515 | $0 |
International Association Of Electrical Inspectors Wolfeboro, NH | $312,658 | $0 |
Chocorua Public Library Chocorua, NH | $406,928 | $66,747 |
Northeast Association Of Electric Cooperatives Inc Plymouth, NH | $64,783 | $0 |
Swans Island Electric Cooperative Inc Swans Island, ME | $0 | $0 |