United Electric Cooperative Inc
- Assets
- $118.5m
- Revenue
- $32.0m
- Investments
- $11.4m
- Employees
- 51
- Location
- Du BOIS, PA
- Founding
- 04/1968
- Data as of
- 12/2022
- EIN
- 25-1182502
Organization Overview
United Electric Cooperative Inc is located in Du BOIS, PA. The organization was established in 1968. 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 12/2022, United Electric Cooperative Inc employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United 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 12/2022, United Electric Cooperative Inc generated $32.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $28.7m during the year ending 12/2022. While expenses have increased by 1.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COOPERATIVE ELECTRIC ORGANIZATION PROVIDING ELECTRICITY TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ELECTRICITY TO MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen A Marshall Chairman Of The Board | Trustee | 12 | $18,300 |
Timothy D Burkett Vice Chairman Of The Board | Trustee | 6 | $15,800 |
Arden E Owens Director | Trustee | 5 | $17,500 |
Shanelle Hawk Director | Trustee | 10 | $22,000 |
Eileen Pisaneschi Secretary/treasurer | Trustee | 5 | $15,300 |
Richard Petrosky Director | Trustee | 10 | $18,800 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Penn Line Tree Service Inc Right-of-way Clearing | 12/30/22 | $3,116,893 |
Allegheny Electric Cooperative Inc Electric Power | 12/30/22 | $9,872,454 |
Bnf Powerline Construction Line Construction | 12/30/22 | $1,400,582 |
Anixter Power Solutions Llc Line Material | 12/30/22 | $1,174,393 |
United Utility Supply Inc Line Material | 12/30/22 | $506,505 |
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 | $30,327,901 |
| Investment income | $124,092 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,410 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,964,967 |
| 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 | $1,128,567 |
| Compensation of current officers, directors, key employees. | $600,690 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29,606 |
| Office expenses | $207,086 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,733,136 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,662,378 |
| Insurance | $0 |
| All other expenses | $1,920,457 |
| Total functional expenses | $28,712,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,797,349 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,344,874 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,862,278 |
| Prepaid expenses and deferred charges | $787,630 |
| Net Land, buildings, and equipment | $92,938,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,374,416 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,420,999 |
| Total assets | $118,526,442 |
| Accounts payable and accrued expenses | $3,083,590 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $65,615,934 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,045,457 |
| Total liabilities | $73,744,981 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $46,850 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,684,092 |
| Retained earnings, endowment, accumulated income, or other funds | $41,050,519 |
| Total liabilities and net assets/fund balances | $118,526,442 |