Jo-Carrol Energy Inc Nfp

Organization Overview

Jo-Carrol Energy Inc Nfp is located in Elizabeth, IL. The organization was established in 1943. 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, Jo-Carrol Energy Inc Nfp employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jo-Carrol Energy Inc Nfp 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, Jo-Carrol Energy Inc Nfp generated $66.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $66.6m during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 8 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

JO-CARROLL ENERGY, INC (NFP) IS AN ELECTRIC,NATURAL GAS AND BROADBAND/FIBER DISTRIBUTION COOPERATIVE THAT EXISTS TO ENHANCE THE QUALITY OF LIFE FOR OUR MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

JO-CARROLL ENERGY, INC (NFP) IS AN ELECTRIC, NATURAL GAS AND BROADBAND/FIBER DISTRIBUTION COOPERATIVE ORGANIZED UNDER THE LAW OF ILLINOIS. THE COOPERATIVE PROVIDES ELECTRIC SERVICE TO 19,677 METERS PER MONTH; NATURAL GAS TO 5,806 METERS PER MONTH; AND BROADBAND/ FIBER TO 4,540 SUBSCRIBERS PER MONTH.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Casper
President & CEO
$350,071
Kyle Buros
Sr. VP & COO
$196,712
Charles Woods
Vice President & CFO
$184,651
Brad Edler
Director Of Engineering
$157,197
Meredith Sevey
VP Of Human Resources
$147,525
Jennifer Meyer
VP Of Member Services
$147,100

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Wolf Line Construction Co
Fiber Construction
$4,042,685
Zielies Tree Service Inc
Right Of Way Clearin
$1,484,437
Key Builders Construction Inc
Construction
$1,021,345
Ryan Thurin Excavating Llc
Boring / Excavating
$1,002,395
Vantage Point Solutions Inc
Consulting
$677,841
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$65,677,604
Investment income $17,927
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $62,764
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $66,042,694

Grants Awarded

Over the last fiscal year, Jo-Carrol Energy Inc Nfp has awarded $173,943 in support to 2 organizations.

Grant RecipientAmount

TCEDA (TRI-COUNTY ECONOMIC DEVELOPMENT ALLIANCE)

PURPOSE: ECONOMIC DEVELOPMENT

$100,679

TCEDA (TRI-COUNTY ECONOMIC DEVELOPMENT ALLIANCE

PURPOSE: ECONOMIC DEVELOPMENT

$73,264
View Grant Profile

Peer Organizations

Organization NameAssets
Northeastern Rural Electric Membership Corporation
Columbia City, IN
$122,357,885
N W Electric Power Cooperative Inc
Cameron, MO
$113,398,837
Northwest Iowa Power Cooperative
Le Mars, IA
$110,395,836
South Central Indiana Rural Electric Membership Corporation
Martinsville, IN
$101,798,961
Nolin Rural Electric Cooperative Corporation
Elizabethtown, KY
$102,908,461
Hendricks County Rural Electric Membership Corporation
Danville, IN
$102,543,098
West Kentucky Rural Electric Cooperative Corporation
Mayfield, KY
$101,104,837
Jackson Purchase Energy Corporation
Paducah, KY
$99,427,396
Northeast Missouri Electric Power Cooperative
Palmyra, MO
$99,763,852
Corn Belt Electric Cooperative Inc
Bloomington, IL
$91,331,713
Fleming-Mason Energy Cooperative Inc
Flemingsburg, KY
$90,808,955
Southeastern Illinois Electric
Carrier Mills, IL
$88,029,423
Adams-Columbia Electric Co-Op
Friendship, WI
$86,231,995
Tipmont Rural Electric Membership Corporation
Linden, IN
$79,467,058
Ozark Electric Cooperative
Mount Vernon, MO
$76,057,964
Western Indiana Energy Rural Electric Membership Corporation
Vincennes, IN
$76,031,018
Laclede Electric Cooperative
Lebanon, MO
$74,741,807
Platte-Clay Electric Cooperative Inc
Kearney, MO
$76,880,883
Inter-County Energy Cooperative Corporation
Danville, KY
$70,820,953
Southwest Electric Cooperative Inc
Bolivar, MO
$73,027,362
Meade County Rural Electric Cooperative Corporation
Brandenburg, KY
$68,475,133
Boone Electric Cooperative
Columbia, MO
$72,698,018
Iowa Lakes Electric Cooperative
Estherville, IA
$73,826,421
Farmers Rural Electric Cooperative Corporation
Glasgow, KY
$67,395,267
Jo-Carrol Energy Inc Nfp
Elizabeth, IL
$66,042,694

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