Burke Divide Electric Cooperative Inc
- Assets
- $94.4m
- Revenue
- $23.4m
- Investments
- $797.2k
- Employees
- 35
- Location
- Columbus, ND
- Founding
- 04/1960
- Data as of
- 12/2021
- EIN
- 45-0217065
Organization Overview
Burke Divide Electric Cooperative Inc is located in Columbus, ND. The organization was established in 1960. 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 12/2021, Burke Divide Electric Cooperative Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Burke Divide 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 12/2021, Burke Divide Electric Cooperative Inc generated $23.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $22.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. 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 RELIABLE HIGH QUALITY ELECTRICITY TO MEMBERS AT A COMPETITIVE COST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE HAS 3,841 ACTIVE SERVICES, SERVES 1,412 MEMBERS AND MAINTAINS 2,588 MILES OF LINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry King General Manager | Officer | 48.23 | $233,814 |
Vernon Unruh Operations Manager | Officer | 44.46 | $123,372 |
Jason Bruner Line Foreman | 42.53 | $114,361 | |
Eric Sieg Operations Foreman | 40.15 | $112,908 | |
Lex Lindbo Line Foreman | 41.48 | $112,710 | |
George Knutson Line Foreman | 42.03 | $112,582 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Proline Utility Construction Llc Underground Distribution Construction | 12/30/21 | $552,780 |
Highmark Erectors Substation Construction | 12/30/21 | $141,115 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $900,000 |
| 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 | $900,000 |
| Total Program Service Revenue | $22,174,237 |
| Investment income | $16,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $241,742 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $88,745 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,421,063 |
| 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 | $1,379,665 |
| Compensation of current officers, directors, key employees. | $669,225 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,030,251 |
| Pension plan accruals and contributions | $726,216 |
| Other employee benefits | $0 |
| Payroll taxes | $262,836 |
| 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 | $1,482,279 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,167,628 |
| Insurance | $0 |
| All other expenses | -$4,401,564 |
| Total functional expenses | $22,520,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,341,209 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,119,279 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,993,673 |
| Prepaid expenses and deferred charges | $331,995 |
| Net Land, buildings, and equipment | $71,344,475 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $797,164 |
| Investments—program-related | $8,385,911 |
| Intangible assets | $0 |
| Other assets | $106,435 |
| Total assets | $94,420,141 |
| Accounts payable and accrued expenses | $1,768,112 |
| Grants payable | $0 |
| Deferred revenue | $1,164,347 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $615 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $50,894,393 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $53,827,467 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $6,827,011 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $33,765,663 |
| Total liabilities and net assets/fund balances | $94,420,141 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Blue Earth Nicollet Faribault Cooperative Electric Association Mankato, MN | $118,260,844 | $45,959,324 |
Capital Electric Cooperative Inc Bismarck, ND | $133,692,620 | $42,124,624 |
Northern Plains Electric Cooperative Carrington, ND | $137,367,234 | $41,884,973 |
Garden Valley Telephone Company Erskine, MN | $115,867,634 | $40,536,799 |
West River Electric Association Inc Wall, SD | $136,764,788 | $38,874,089 |
District Energy St Paul Inc St Paul, MN | $133,953,246 | $38,563,375 |
Steele Waseca Cooperative Electric Owatonna, MN | $93,180,056 | $37,750,212 |
Yellowstone Valley Electric Cooperative Inc Huntley, MT | $80,881,351 | $39,379,515 |
Consolidated Telephone Company Brainerd, MN | $86,072,377 | $35,653,081 |
Federated Rural Electric Association Jackson, MN | $74,873,988 | $36,024,282 |
Wild Rice Electric Cooperative Inc Mahnomen, MN | $71,183,231 | $34,569,574 |
Runestone Electric Association Alexandria, MN | $99,235,935 | $31,252,692 |