Brown-Atchison Electric Cooperative Assn Inc
- Assets
- $23.4m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 15
- Location
- Horton, KS
- Founding
- 03/1939
- Data as of
- 12/2022
- EIN
- 48-0150563
Organization Overview
Brown-Atchison Electric Cooperative Assn Inc is located in Horton, KS. The organization was established in 1939. 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, Brown-Atchison Electric Cooperative Assn Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brown-Atchison Electric Cooperative Assn 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, Brown-Atchison Electric Cooperative Assn Inc generated $7.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $7.9m during the year ending 12/2022. While expenses have increased by 3.6% 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
DISTRIBUTION OF ELECTRICITY TO RURAL AREAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ELECTRICAL SERVICE TO RURAL AREAS AT COST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Volker General Manager | Officer | 40 | $158,717 |
James A Currie General Manager | Officer | 40 | $41,810 |
Kevin Gigstad President, Trustee | OfficerTrustee | 1 | $5,495 |
Brent Nelson Trustee | Trustee | 1 | $3,867 |
Kevin Compton Vice President | OfficerTrustee | 1 | $3,492 |
Gregory Tanking Trustee | Trustee | 1 | $3,060 |
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 | $7,747,303 |
| Investment income | $25,492 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $50,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,455 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,898,186 |
| 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 | $564,797 |
| Compensation of current officers, directors, key employees. | $320,057 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $341,003 |
| Pension plan accruals and contributions | $227,665 |
| Other employee benefits | $208,389 |
| Payroll taxes | $77,935 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,645 |
| Fees for services: Accounting | $8,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,816 |
| Advertising and promotion | $24,714 |
| Office expenses | $32,797 |
| Information technology | $69,334 |
| Royalties | $0 |
| Occupancy | $180,945 |
| Travel | $3,136 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,759 |
| Interest | $332,382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $758,404 |
| Insurance | $50,786 |
| All other expenses | $0 |
| Total functional expenses | $7,898,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,546 |
| Savings and temporary cash investments | $1,187,007 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $612,593 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $35 |
| Inventories for sale or use | $170,191 |
| Prepaid expenses and deferred charges | $48,782 |
| Net Land, buildings, and equipment | $18,274,446 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,046,088 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,367,688 |
| Accounts payable and accrued expenses | $385,268 |
| Grants payable | $0 |
| Deferred revenue | $7,137 |
| Tax-exempt bond liabilities | $10,031,078 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,423,483 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $49,220 |
| Paid-in or capital surplus, or land, building, or equipment fund | $12,564,596 |
| Retained earnings, endowment, accumulated income, or other funds | $330,389 |
| Total liabilities and net assets/fund balances | $23,367,688 |