Crawford Electric Cooperative Inc
- Assets
- $112.6m
- Revenue
- $37.0m
- Investments
- $0.0
- Employees
- 72
- Location
- Bourbon, MO
- Founding
- 10/1942
- Data as of
- 12/2022
- EIN
- 43-0230792
Organization Overview
Crawford Electric Cooperative Inc is located in Bourbon, MO. The organization was established in 1942. 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, Crawford Electric Cooperative Inc employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crawford 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, Crawford Electric Cooperative Inc generated $37.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $36.6m during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 8 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 ENHANCE THE QUALITY OF RURAL LIFE FOR OUR MEMBER-OWNERS AND THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE DISTRIBUTION OF ELECTRIC TO RURAL AREAS ON A COOPERATIVE BASIS; PARTICULARLY AT COST ON A PATRONAGE BASIS SERVING OVER 20,000 METERS WITH ALL ACTIVE METERS RECEVING ALLOCATED PATRONAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Cottrell President | OfficerTrustee | 6.5 | $25,007 |
Gary Mullen Treasurer | OfficerTrustee | 2.8 | $24,907 |
Joseph Cason Board Member | Trustee | 5.3 | $27,107 |
Debbie Willette Vice President | OfficerTrustee | 2.5 | $25,207 |
Janice Dorson Secretary | OfficerTrustee | 6.4 | $17,808 |
Kenneth Crowder Vice President | OfficerTrustee | 1.6 | $6,828 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Asplundh Right Of Way | 12/30/22 | $1,557,683 |
Power Line Consultants Pole Replacements | 12/30/22 | $620,273 |
Tom's Tree Service Right Of Way | 12/30/22 | $483,129 |
Apex Row Llc Right Of Way | 12/30/22 | $167,650 |
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 | $36,459,737 |
| Investment income | $155,208 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,246 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,970,490 |
| 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 | $842,536 |
| Compensation of current officers, directors, key employees. | $555,894 |
| 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 | $2,169,601 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,654,465 |
| Insurance | $0 |
| All other expenses | $1,656,364 |
| Total functional expenses | $36,573,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $385,173 |
| Savings and temporary cash investments | $8,275,497 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,956,716 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $391,666 |
| Inventories for sale or use | $1,993,341 |
| Prepaid expenses and deferred charges | $85,079 |
| Net Land, buildings, and equipment | $89,101,877 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $7,315,198 |
| Intangible assets | $0 |
| Other assets | $1,106,027 |
| Total assets | $112,610,574 |
| Accounts payable and accrued expenses | $3,834,647 |
| 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 | $62,684,595 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,145,863 |
| Total liabilities | $71,665,105 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $307,500 |
| Paid-in or capital surplus, or land, building, or equipment fund | $79,786 |
| Retained earnings, endowment, accumulated income, or other funds | $40,558,183 |
| Total liabilities and net assets/fund balances | $112,610,574 |