Energy Cooperative Of America Inc
- Assets
- $8.2m
- Revenue
- -$830.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Amherst, NY
- Founding
- 10/2002
- Data as of
- 12/2021
- EIN
- 16-1537883
Organization Overview
Energy Cooperative Of America Inc is located in Amherst, NY. The organization was established in 2002. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Energy Cooperative Of America Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Energy Cooperative Of America 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN ALTERNATIVE SOURCE OF NATURAL GAS AND ELECTRICAL ENERGY TO COOPERATIVE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ALTERNATIVE ENERGY SOURCES TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph S Mascaro Executive Director | Officer | 40 | $158,185 |
Dan Jaszka Jr Chairman | OfficerTrustee | 5 | $17,400 |
Stuart Alexander Vice President | OfficerTrustee | 5 | $13,200 |
John Marsh Treasurer | OfficerTrustee | 5 | $13,200 |
Steven Kemp Secretary | OfficerTrustee | 5 | $13,200 |
Al Coppola Member | Trustee | 5 | $13,200 |
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 | $996,139 |
| Investment income | $857 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | -$1,842,766 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$830,770 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $320,220 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,543 |
| Pension plan accruals and contributions | $2,995 |
| Other employee benefits | $10,487 |
| Payroll taxes | $20,445 |
| Fees for services: Management | $423,420 |
| Fees for services: Legal | $14,403 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,634 |
| Advertising and promotion | $32,215 |
| Office expenses | $21,461 |
| Information technology | $5,248 |
| Royalties | $0 |
| Occupancy | $26,692 |
| Travel | $507 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,097 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,080 |
| Insurance | $76,740 |
| All other expenses | $21,954 |
| Total functional expenses | $1,135,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,270,864 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,872,134 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $92,404 |
| Net Land, buildings, and equipment | $513 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,235,915 |
| Accounts payable and accrued expenses | $4,479,249 |
| Grants payable | $0 |
| Deferred revenue | $87,447 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,566,696 |
| Net assets without donor restrictions | $3,669,219 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,235,915 |
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|---|---|---|
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