Clinton County Electric Cooperative Inc
- Assets
- $36.8m
- Revenue
- $18.0m
- Investments
- $0.0
- Employees
- 20
- Location
- Breese, IL
- Founding
- 05/1940
- Data as of
- 12/2022
- EIN
- 37-0220745
Organization Overview
Clinton County Electric Cooperative Inc is located in Breese, IL. The organization was established in 1940. 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, Clinton County Electric Cooperative Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clinton County 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, Clinton County Electric Cooperative Inc generated $18.0m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $17.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 5 years. 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
THE MISSION STATEMENT OF CLINTON COUNTY ELECTRIC COOPERATIVE IS TO PROVIDE SAFE AND RELIABLE SERVICES TO OUR MEMBEROWNERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLINTON COUNTY ELECTRIC COOPERATIVE PROVIDES QUALITY ELECTRIC SERVICE TO 6,214 ACCOUNTS SERVING 5,129 MEMBER-CONSUMERS ALONG 1,066 MILES OF ENERGIZED LINE IN THE RURAL AREAS OF OUR SERVICE TERRITORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin G Kampwerth Chairman | OfficerTrustee | 3 | $5,000 |
Stephen F Kalmer Vice Chairman | OfficerTrustee | 3 | $4,800 |
Kevin Wiegmann Secretarytreasurer | OfficerTrustee | 4 | $5,600 |
John Becker Trustee | Trustee | 3 | $4,200 |
Cary Dickinson Trustee | Trustee | 2 | $3,600 |
Robert C Gerstenecker Trustee | OfficerTrustee | 3 | $5,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rensing Tree Service Tree Trimming | 12/30/20 | $169,665 |
Jackson Lewis Pc Legal Services | 12/30/20 | $116,584 |
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 | $17,431,927 |
| Investment income | $573,156 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$37,501 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$37,886 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,975,293 |
| 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 | $967,531 |
| Compensation of current officers, directors, key employees. | $541,308 |
| 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 | $0 |
| Office expenses | $0 |
| 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 | $799,579 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,271,728 |
| Insurance | $0 |
| All other expenses | $577,384 |
| Total functional expenses | $17,938,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450 |
| Savings and temporary cash investments | $749,976 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,816,916 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $494,557 |
| Prepaid expenses and deferred charges | $69,085 |
| Net Land, buildings, and equipment | $26,314,970 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $7,180,208 |
| Intangible assets | $0 |
| Other assets | $130,631 |
| Total assets | $36,756,793 |
| Accounts payable and accrued expenses | $2,243,667 |
| Grants payable | $0 |
| Deferred revenue | $90,573 |
| 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 | $17,822,195 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,156,435 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $16,096,799 |
| Paid-in or capital surplus, or land, building, or equipment fund | $503,559 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $36,756,793 |