Ontonagon County Rural Electrification Association
- Assets
- $28.1m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 17
- Location
- Ontnagon, MI
- Founding
- 09/1942
- Data as of
- 12/2021
- EIN
- 38-0895655
Organization Overview
Ontonagon County Rural Electrification Association is located in Ontnagon, 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 12/2021, Ontonagon County Rural Electrification Association employed 17 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 12/2021, Ontonagon County Rural Electrification Association generated $7.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $6.1m during the year ending 12/2021. While expenses have increased by 0.2% 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
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Miles Manager | Officer | 40 | $116,679 |
Calvin Koski President | OfficerTrustee | 1 | $5,950 |
Mildred Ann Gasperich Secretary | OfficerTrustee | 1 | $4,400 |
William Hodges Vice Preside | OfficerTrustee | 1 | $4,400 |
Randy Myhren Treasurer | OfficerTrustee | 1 | $4,400 |
Wayne Heikkinen Director | OfficerTrustee | 1 | $4,225 |
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 | $6,826,446 |
| Investment income | $8,963 |
| 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 | $6,999,493 |
| 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. | $176,802 |
| 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 | $687,783 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $849,456 |
| Insurance | $0 |
| All other expenses | $720,887 |
| Total functional expenses | $6,075,851 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $460,154 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $610,291 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $302,779 |
| Prepaid expenses and deferred charges | $37,969 |
| Net Land, buildings, and equipment | $22,369,996 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,204,196 |
| Intangible assets | $0 |
| Other assets | $95,543 |
| Total assets | $28,081,428 |
| Accounts payable and accrued expenses | $834,778 |
| 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 | $19,163,810 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $127,796 |
| Total liabilities | $20,126,384 |
| 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 | $7,932,299 |
| Total liabilities and net assets/fund balances | $28,081,428 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Ventures In Living Ltd Lafayette, IN | $4,082,681 | $10,075,457 |
Community Action Of Greater Indianapolis Inc Indianapolis, IN | $3,236,158 | $6,334,161 |
Ontonagon County Rural Electrification Association Ontnagon, MI | $28,081,428 | $6,999,493 |
Metro Community Development Inc Flint, MI | $15,522,758 | $4,633,690 |
North End Community Improvement Collaborative Inc Mansfield, OH | $1,802,249 | $2,589,365 |
Bgc Nonprofit Housing Corporation Okemos, MI | $9,545,653 | $1,858,824 |
Community Care In Union County Inc Liberty, IN | $207,177 | $1,400,379 |
Eagle Creek Park Foundation Inc Indianapolis, IN | $2,655,847 | $319,636 |
Community Bankers Association Of Ohio Columbus, OH | $1,687,441 | $1,357,120 |
Delray United Action Council Detroit, MI | $103,236 | $1,099,438 |
Ohio Rural Water Association Zanesville, OH | $1,707,068 | $1,386,606 |
Southeast Neighborhood Development Inc Indianapolis, IN | $5,233,256 | $1,016,697 |