Ontonagon County Rural Electrification Association
- Assets
- $28.3m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 19
- Location
- Ontonagon, MI
- Founding
- 09/1942
- Data as of
- 12/2022
- EIN
- 38-0895655
Organization Overview
Ontonagon County Rural Electrification Association is located in Ontonagon, MI. The organization was established in 1942. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Ontonagon County Rural Electrification Association employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ontonagon County Rural Electrification Association 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, Ontonagon County Rural Electrification Association generated $6.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $6.8m during the year ending 12/2022. While expenses have increased by 2.4% 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
TO PROVIDE SAFE, RELIABLE POWER TO THE RURAL AREAS OF HOUGHTON, ONTONAGON, KEWEENAW, BARAGA, AND GOGEBIC COUNTIES IN THE STATE OF MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SAFE, RELIABLE POWER TO RURAL AREAS OF HOUGHTON, ONTONAGON, KEWEENAW, BARAGA, AND GOGEBIC COUNTIES IN THE STATE OF MICHIGAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Miles General Mana | Officer | 40 | $112,460 |
Justin Sironen Lineman | 44 | $106,522 | |
William Hodges President | Trustee | 1 | $13,504 |
Calvin Koski Vice Preside | Trustee | 1 | $8,900 |
Mildred Ann Gasperich Secretary | Trustee | 1 | $6,475 |
Randy Myhren Treasurer | Trustee | 1 | $4,525 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bugle Contracting Right Of Way Cl | 12/30/18 | $128,105 |
Mjo Contracting Inc Excavating | 12/30/18 | $136,451 |
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 | $6,667,379 |
| Investment income | $31,882 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $6,883,355 |
| 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. | $267,138 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,007 |
| 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 | $670,232 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $892,746 |
| Insurance | $0 |
| All other expenses | $694,901 |
| Total functional expenses | $6,791,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $464,259 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $700,766 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $410,102 |
| Prepaid expenses and deferred charges | $2,843 |
| Net Land, buildings, and equipment | $23,957,065 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,676,326 |
| Intangible assets | $0 |
| Other assets | $73,749 |
| Total assets | $28,285,610 |
| Accounts payable and accrued expenses | $1,689,146 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $18,409,470 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $139,796 |
| Total liabilities | $20,238,412 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $22,745 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $8,024,453 |
| Total liabilities and net assets/fund balances | $28,285,610 |