Association Of Illinois Electric Cooperatives
- Assets
- $3.6m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 31
- Location
- Springfield, IL
- Founding
- 12/1943
- Data as of
- 06/2023
- EIN
- 37-0159736
Organization Overview
Association Of Illinois Electric Cooperatives is located in Springfield, 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 06/2023, Association Of Illinois Electric Cooperatives employed 31 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Association Of Illinois Electric Cooperatives is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Association Of Illinois Electric Cooperatives generated $6.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $7.1m during the year ending 06/2023. While expenses have increased by 8.8% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND DEVELOP THE ELECTRIC COOPERATIVE PROGRAM IN THE STATE OF ILLINOIS; AND TO FURTHER THE GENERAL WELFARE AND TO PROTECT THE INTEREST OF ASSOCIATION MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION OF ILLINOIS ELECTRIC COOPERATIVES IS A MEMBER-OWNED ASSOCIATION THAT CONSISTS OF 30 MEMBER-COOPERATIVES. INFORMATION PUBLICATIONS IS ONE OF THE SERVICE PROGRAMS OFFERED BY THE ASSOCIATION THROUGH A MONTHLY PUBLICATION CONTAINING INFORMATION TO THE MEMBERSHIP WITH NEWS CONCERNING ELECTRIC BUSINESS AND THE RURAL ELECTRIFICATION PROGRAM.
THE ASSOCIATION OF ILLINOIS ELECTRIC COOPERATIVES ALSO OFFERS EDUCATION PROGRAMS THAT PROVIDE RESOURCES FOR TRAINING OF INDIVIDUALS CONCERNING THE MANAGEMENT AND OPERATIONS OF CONSUMER-OWNED UTILITIES.
THE ASSOCIATION OF ILLINOIS ELECTRIC COOPERATIVES OFFERS SAFETY PROGRAMS THAT PROVIDE RESOURCES FOR TRAINING IN SAFETY TECHNIQUES FOR ELECTRICAL DISTRIBUTION COOPERATIVES AND CIVIC ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
N Duane Noland Ceo/presiden | 45 | $331,767 | |
Jim Miles VP Of Traini | 45 | $122,144 | |
Maurice Shallow CFO | 45 | $102,922 | |
Nick Reitz VP Of Govt R | Officer | 45 | $134,286 |
Thad France Mrg Linework | 45 | $104,800 | |
Craig Sondgeroth Ceo/presiden | Officer | 45 | $126,313 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Quad Graphics Printing | 6/29/23 | $744,191 |
Us Bank Company Cr Cds | 6/29/23 | $374,017 |
Wallender-dedman Printing Inc Printing | 6/29/23 | $241,686 |
Crowne Plaza Hotel | 6/29/23 | $191,524 |
Inside Information Inc Survey | 6/29/23 | $106,025 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,816,849 |
| 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 | $2,816,849 |
| Total Program Service Revenue | $1,274,696 |
| Investment income | $21,332 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,644 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,790,714 |
| 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. | $562,612 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $653,787 |
| Other salaries and wages | $781,560 |
| Pension plan accruals and contributions | $459,269 |
| Other employee benefits | $355,206 |
| Payroll taxes | $139,823 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,276 |
| Fees for services: Accounting | $11,241 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $44,909 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $146,280 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $176,035 |
| Interest | $1,621 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $210,389 |
| Insurance | $28,233 |
| All other expenses | $211,813 |
| Total functional expenses | $7,145,179 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,165,008 |
| Savings and temporary cash investments | $200,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $623,720 |
| 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 | $296,075 |
| Net Land, buildings, and equipment | $1,212,344 |
| Investments—publicly traded securities | $75,920 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $400 |
| Total assets | $3,573,467 |
| Accounts payable and accrued expenses | $226,684 |
| Grants payable | $0 |
| Deferred revenue | $251,659 |
| 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 | $42,235 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,192,298 |
| Total liabilities | $1,712,876 |
| Net assets without donor restrictions | $1,860,591 |
| 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 | $3,573,467 |