Steuben Rural Electric Cooperative Inc

Organization Overview

Steuben Rural Electric Cooperative Inc is located in Bath, NY. The organization was established in 1945. 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, Steuben Rural Electric Cooperative Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steuben Rural 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.

For the year ending 12/2021, Steuben Rural Electric Cooperative Inc generated $11.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $10.7m during the year ending 12/2021. While expenses have increased by 0.9% 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

THE MISSION OF STEUBEN RURAL ELECTRIC COOPERATIVE IS TO IMPROVE THE QUALITY OF RURAL LIFE BY PROVIDING OUR MEMBERS WITH LOW COST, RELIABLE ELECTRICITY AND RELATED SERVICES IN A SAFE MANNER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING RELIABLE ELECTRICITY AND RELATED SERVICES TO OUR MEMBERS IN A SAFE MANNER. STEUBEN RURAL ELECTRIC COOPERATIVE, INC. SERVES OVER 6,400 METERS THROUGHOUT FOUR COUNTIES.


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Board, Officers & Key Employees

Name (title)Compensation
Bryant Dillon
General Manager
$109,319
Joshua Gauss
Operations Manager
$101,311
Wade Nelson
Foreman
$101,012
James R Mccormick
President
$7,840
Randy Stankey
Director
$7,800
Robert V Nichols
Vice President
$7,320

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bnf Powerline Construction
Powerline Construction
$1,027,102
Asplundh Tree Expert
Vegetation Management
$234,562
Strauss Tree Service Inc
Vegetation Management
$518,608
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$11,263,700
Investment income $85,024
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $749
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $11,402,118

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