Bluegrass Energy Cooperative Corp

Organization Overview

Bluegrass Energy Cooperative Corp is located in Nicholasville, KY. The organization was established in 2002. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Bluegrass Energy Cooperative Corp employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bluegrass Energy Cooperative 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 12/2022, Bluegrass Energy Cooperative Corp generated $163.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $163.1m during the year ending 12/2022. While expenses have increased by 2.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SINCE 1937, BLUE GRASS ENERGY HAS BEEN MAKING LIFE BETTER, THE COOPERATIVE WAY, FOR OUR MEMBERS AND COMMUNITIES BY PROVIDING SAFE, RELIABLE, AND AFFORDABLE ENERGY SERVICES. ELECTRICITY IS DELIVERED ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. TODAY, BLUE GRASS ENERGY SERVES APPROXIMATELY 62,000 CONSUMERS IN 23 KENTUCKY COUNTIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTION SALES OF ELECTRICITY ON A PATRONAGE BASIS TO A MONTHLY AVERAGE OF APPROXIMATELY 62,000 CONSUMERS.


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Board, Officers & Key Employees

Name (title)Compensation
Dennis Moneyhon
Chairman
$23,400
Gary Keller
Vice Chairman
$21,600
Jane Smith
Sec/treasurer
$21,600
Jody Hughes
Director
$17,700
Paul Tucker
Director
$21,600
Doug Fritz
Director
$20,100

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Wright Tree Service
Right Of Way Maintenance
$2,342,328
The Davey Tree Expert Co
Right Of Way Maintenance
$1,855,111
Southeast Power Corp
Line Construction And Repair
$1,799,499
Wa Kendall
Right Of Way Maintenance
$1,273,268
Davis H Elliott
Line Construction And Repair
$694,453
View All Vendors

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$157,018,460
Investment income -$60,709
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 $163,075,358

Peer Organizations

Organization NameAssets
Bluegrass Energy Cooperative Corp
Nicholasville, KY
$163,075,358
Jackson County Rural Electric Membership Corporation
Brownstown, IN
$71,731,324
Knox Energy Cooperative Association Inc
Canton, OH
$27,681,130
Clay County Rural Telephone Cooperative Inc
Cloverdale, IN
$27,562,208
Heartland Rural Electric Membership Corporation
Markle, IN
$27,240,056
Fulton County Rural Electric Membership Corporation
Rochester, IN
$17,488,166
Citizens Telephone Cooperative
Floyd, VA
$16,787,574
Mulberry Cooperative Telephone Company Incorporated
Mulberry, IN
$5,369,094
Washington County Rural Telephone Cooperative Inc
Pekin, IN
$6,091,472
West Laurel Water Association
London, KY
$3,104,839
Consumers Gas Cooperative
Orrville, OH
$2,996,693
Keystone Cooperative Association Inc
Canton, OH
$2,302,008
East Daviess County Water Association Inc
Philpot, KY
$2,438,161
Gateway Regional Water Company Inc
Sandoval, IL
$3,444,355
Bright Energy Inc
Mt Gilead, OH
$2,187,573
East Washington Rural Water Corporation
Salem, IN
$2,638,613
Kentucky School Boards Insurance Trust
Frankfort, KY
$7,165,748
Village Energy Cooperative Association Inc
Canton, OH
$1,909,430
West Prairie Water Co
Arcola, IL
$1,389,952
Kirksville Water Association
Richmond, KY
$1,216,911
Western Wayne Water District
Wayne City, IL
$1,060,011
Alpine Lake Public Utilities Co
Terra Alta, WV
$1,191,514
All American Energy Cooperative Association Inc
Westlake, OH
$1,153,907
Illinois Life & Health Insurance Council
Springfield, IL
$787,527
North Morgan Water Cooperative
Jacksonville, IL
$860,187

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