Enerstar Power Corp
- Assets
- $41.0m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 21
- Location
- Paris, IL
- Founding
- 10/1939
- Data as of
- 12/2021
- EIN
- 37-0258343
Organization Overview
Enerstar Power Corp is located in Paris, IL. The organization was established in 1939. 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 12/2021, Enerstar Power Corp employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Enerstar Power Corp 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 12/2021, Enerstar Power Corp generated $14.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $12.5m during the year ending 12/2021. While expenses have increased by 0.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENERSTAR POWER CORP EXISTS TO RELIABLY DISTRIBUTE AFFORDABLE ELECTRICITY TO ITS MEMBER-OWNERS WHILE UPHOLDING OUR VALUES OF INTEGRITY, ACCOUNTABILITY AND COMMITMENT TO OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COST OF WHOLESALE POWER PURCHASE FOR RESALE TO APPROXIMATELY 5,243 MEMBER/OWNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent A Reyher CEO | Officer | 40 | $155,326 |
Keith Borchers Maintenance Crew Foreman | 48 | $131,905 | |
Kent Milbourn Construction Foreman | 45 | $127,655 | |
Chad Cornwell Journeyman Lineman | 46 | $123,437 | |
Russell Camp Construction Foreman/assis | 47 | $122,965 | |
Donald Keys Journeyman Lineman | 46 | $120,106 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $529,797 |
| 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 | $529,797 |
| Total Program Service Revenue | $12,915,839 |
| Investment income | $266,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $720 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,188,371 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,041 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $525,470 |
| Compensation of current officers, directors, key employees. | $388,178 |
| Compensation of current officers, directors, key employees. | $388,178 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $768,704 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,015 |
| Fees for services: Accounting | $14,530 |
| 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 | $86,915 |
| 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 | $32,026 |
| Interest | $652,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,226,217 |
| Insurance | $45,005 |
| All other expenses | $335,091 |
| Total functional expenses | $12,463,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,184,783 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $724,691 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $269,207 |
| Inventories for sale or use | $363,026 |
| Prepaid expenses and deferred charges | $1,013,879 |
| Net Land, buildings, and equipment | $29,466,689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $7,984,272 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,006,547 |
| Accounts payable and accrued expenses | $1,180,329 |
| Grants payable | $0 |
| Deferred revenue | $485,817 |
| 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 | $14,429,819 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,747,434 |
| Total liabilities | $19,843,399 |
| Net assets without donor restrictions | $0 |
| 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 | $1,634,380 |
| Retained earnings, endowment, accumulated income, or other funds | $19,528,768 |
| Total liabilities and net assets/fund balances | $41,006,547 |
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