Niobrara Valley Electric Membership Corporation
- Assets
- $37.1m
- Revenue
- $8.0m
- Investments
- $756.0k
- Employees
- 37
- Location
- ONeill, NE
- Founding
- 11/1952
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Niobrara Valley Electric Membership Corporation generated $8.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $8.0m during the year ending 12/2022. While expenses have increased by 11.1% per year over the past 4 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
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 |
|---|---|---|---|
Kelly S Cameron Director | Trustee | 1 | $3,000 |
Jerry D Childers Director | Trustee | 1 | $6,300 |
Perry D Dekay Director | Trustee | 1 | $5,400 |
Ernie J Eilers Director | Trustee | 1 | $3,900 |
Thomas J Flannery Director | Trustee | 1 | $3,000 |
Mike D Givens Director | Trustee | 1 | $3,900 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fcf Construction Inc Concrete/construction | 12/30/22 | $111,563 |
Fcf Construction | 12/30/22 | $0 |
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 | $34,082 |
| 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 | $7,773,327 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,980,195 |
| 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 | $2,935,772 |
| 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 | $149,969 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,248,830 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,980,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,391,374 |
| Savings and temporary cash investments | $1,579,715 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $627,228 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,410,113 |
| Prepaid expenses and deferred charges | $29,146 |
| Net Land, buildings, and equipment | $30,339,554 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $755,967 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,712 |
| Total assets | $37,141,809 |
| Accounts payable and accrued expenses | $1,313,411 |
| 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 | $3,920,083 |
| Other liabilities | $1,059,391 |
| Total liabilities | $6,292,885 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $66,600 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,487,549 |
| Retained earnings, endowment, accumulated income, or other funds | $29,294,775 |
| Total liabilities and net assets/fund balances | $37,141,809 |