Niobrara Valley Electric Membership Corporation
- Assets
- $35.3m
- Revenue
- $7.2m
- Investments
- $628.1k
- Employees
- 37
- Location
- Oneill, NE
- Founding
- 11/1952
- Data as of
- 12/2021
- EIN
- 47-0355437
Organization Overview
Niobrara Valley Electric Membership Corporation is located in Oneill, NE. The organization was established in 1952. 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, Niobrara Valley Electric Membership Corporation employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Niobrara Valley Electric Membership Corporation 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, Niobrara Valley Electric Membership Corporation generated $7.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $7.2m during the year ending 12/2021. While expenses have increased by 4.1% 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
PROVIDE ELECTRICITY TO OUR RURAL CUSTOMERS OUR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
N A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John J Hoke General Manager | Officer | 40 | $118,816 |
Matthew L Fritz General Manager | Officer | 40 | $50,963 |
Jerry D Childers Director | Trustee | 1 | $6,900 |
Perry D Dekay Director | Trustee | 1 | $6,000 |
Mike D Givens Director | Trustee | 1 | $6,000 |
Ernie J Eilers Director | Trustee | 1 | $5,700 |
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 | $0 |
| Investment income | $24,794 |
| 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 | $7,090,373 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,155,194 |
| 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 | $1,790,091 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $132,782 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,204,298 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,155,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,237,040 |
| Savings and temporary cash investments | $1,027,510 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $594,491 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,001,926 |
| Prepaid expenses and deferred charges | $84,373 |
| Net Land, buildings, and equipment | $29,711,698 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $628,071 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,068 |
| Total assets | $35,289,177 |
| Accounts payable and accrued expenses | $654,011 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $4,287,302 |
| Other liabilities | $851,285 |
| Total liabilities | $5,792,598 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $65,165 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,249,003 |
| Retained earnings, endowment, accumulated income, or other funds | $28,182,411 |
| Total liabilities and net assets/fund balances | $35,289,177 |
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| Organization Name | Assets | Revenue |
|---|---|---|
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Black Hills Electric Cooperative Inc Custer, SD | $75,104,972 | $23,022,656 |
Missouri Rural Electric Cooperative Palmyra, MO | $37,368,089 | $19,573,881 |
Sedgwick County Electric Cooperative Association Inc Cheney, KS | $36,473,709 | $18,891,382 |
Lewis And Clark Rural Water System Inc Tea, SD | $426,307,061 | $39,792,007 |
Gascosage Electric Cooperative Dixon, MO | $57,774,455 | $19,748,899 |
West Central Electric Cooperative Incorporated Murdo, SD | $53,451,686 | $18,722,038 |
North Central Missouri Electric Cooperative Inc Milan, MO | $39,341,969 | $18,294,115 |
Rathbun Regional Water Association Inc Centerville, IA | $143,535,509 | $19,524,917 |
Wheatland Rural Electric Association Wheatland, WY | $32,258,120 | $17,112,530 |
T I P Rural Electric Cooperative Brooklyn, IA | $57,344,467 | $17,059,790 |
Nishnabotna Valley Rural Electric Cooperative Harlan, IA | $46,708,124 | $17,798,413 |