Wayne-White Counties Electric Cooperative
- Assets
- $117.9m
- Revenue
- $47.9m
- Investments
- $0.0
- Employees
- 55
- Location
- Fairfield, IL
- Founding
- 09/1938
- Data as of
- 12/2022
- EIN
- 37-0574965
Organization Overview
Wayne-White Counties Electric Cooperative is located in Fairfield, IL. The organization was established in 1938. 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, Wayne-White Counties Electric Cooperative employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wayne-White Counties Electric Cooperative 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, Wayne-White Counties Electric Cooperative generated $47.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $43.7m during the year ending 12/2022. While expenses have increased by 1.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COOPERATIVE IS DEDICATED TO SERVING ITS MEMBER-OWNERS BY PROVIDING EXCELLENT ELECTRIC SERVICES, SUPERIOR CUSTOMER SERVICE, AND OTHER SERVICES THAT IMPROVE THEIR QUALITY OF LIFE, AT FAIR AND AFFORDABLE PRICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ELECTRICITY TO ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Becker Director | Trustee | 0.91 | $2,050 |
Richard Rubenacker Treasurer | OfficerTrustee | 1.64 | $2,950 |
Ken Lamont Chairman | OfficerTrustee | 2.17 | $3,050 |
Andy Glover Secretary | OfficerTrustee | 4.27 | $4,300 |
Bryan Williams Director | Trustee | 1.17 | $2,250 |
Noel Edmison Vice Chairman | OfficerTrustee | 1.63 | $3,450 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jw Didado Electric Llc Contractor | 12/30/22 | $736,550 |
Henkels & Mccoy Inc Contractor | 12/30/22 | $369,991 |
Gilltree Inc Pruning | 12/30/22 | $322,826 |
Nelson Tree Service Pruning | 12/30/22 | $315,520 |
Nussmeyer Tree Service Inc Pruning | 12/30/22 | $310,581 |
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 | $45,644,376 |
| Investment income | $189,102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,327 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $47,895,161 |
| 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. | $35,419 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,680,167 |
| 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 | $11,483 |
| 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 | $29,047 |
| 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 | $730,446 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,185,266 |
| Insurance | $0 |
| All other expenses | $995,819 |
| Total functional expenses | $43,745,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,154,817 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,839,964 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,537,089 |
| Prepaid expenses and deferred charges | $317,661 |
| Net Land, buildings, and equipment | $72,788,056 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $37,223,614 |
| Intangible assets | $0 |
| Other assets | $13,500 |
| Total assets | $117,874,701 |
| Accounts payable and accrued expenses | $4,478,094 |
| Grants payable | $0 |
| Deferred revenue | $312,923 |
| 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 | $21,604,468 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $225,652 |
| Total liabilities | $26,621,137 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $91,253,564 |
| Total liabilities and net assets/fund balances | $117,874,701 |