Sumner Cowley Electric Coop Inc
- Assets
- $35.1m
- Revenue
- $11.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Wellington, KS
- Founding
- 02/1942
- Data as of
- 12/2020
- EIN
- 48-0441812
Organization Overview
Sumner Cowley Electric Coop Inc is located in Wellington, KS. The organization was established in 1942. 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 12/2020, Sumner Cowley Electric Coop Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sumner Cowley Electric Coop 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 12/2020, Sumner Cowley Electric Coop Inc generated $11.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $11.8m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RELIABLE ENERGY AND RELATED SERVICES TO OUR MEMBERS AT THE LOWEST COST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMNER-COWLEY ELECTRIC COOPERATIVE, INC. PROUDLY SERVES 3,410 MEMBERS WITH 1,868 MILES OF LINE IN RURAL COMMUNITIES OF SUMNER, COWLEY, HARPER, SEDGWICK AND KINGMAN COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Coni Adams CEO | Officer | 45 | $149,482 |
Richard Mitchell Dir Of Opera | 45 | $111,119 | |
Jeff Swanson Executive Di | Trustee | 2 | $9,881 |
Keith Leddy Director | Trustee | 2 | $9,288 |
John Schon Director | Trustee | 2 | $8,472 |
John Beard Director | Trustee | 2 | $5,923 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
J&j Powerlines Inc Contract Labor | 12/30/20 | $1,430,424 |
Steve Bevins Tree Experts Tree Trimming | 12/30/20 | $375,900 |
Border States Materials | 12/30/20 | $302,925 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $188,349 |
| 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 | $188,349 |
| Total Program Service Revenue | $11,517,814 |
| Investment income | $24,165 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,562 |
| Net Gain/Loss on Asset Sales | $13,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,793,193 |
| 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 | $991,730 |
| Compensation of current officers, directors, key employees. | $269,626 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $176,400 |
| Other salaries and wages | $294,527 |
| 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 | $535,417 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,005,928 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,788,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,176,712 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,087,516 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $181,877 |
| Prepaid expenses and deferred charges | $141,691 |
| Net Land, buildings, and equipment | $27,939,547 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,609,733 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,137,076 |
| Accounts payable and accrued expenses | $1,044,036 |
| Grants payable | $0 |
| Deferred revenue | $25,236 |
| 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 | $10,490,443 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $506,431 |
| Total liabilities | $12,066,146 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,346,180 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $20,724,750 |
| Total liabilities and net assets/fund balances | $35,137,076 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Black River Electric Cooperative Fredericktown, MO | $138,131,330 | $49,558,459 |
Y W Electric Association Inc Colorado Rea 38 Akron, CO | $130,403,627 | $47,254,335 |
Rural Electric Co Op Inc Lindsay, OK | $94,050,768 | $47,989,459 |
Kiamichi Electric Cooperative Inc Wilburton, OK | $118,158,279 | $46,432,215 |
New Mac Electric Cooperative Inc Neosho, MO | $135,294,797 | $45,962,047 |
Morgan County Rural Electric Association Fort Morgan, CO | $104,279,755 | $45,102,816 |
Three Rivers Electric Cooperative Linn, MO | $111,680,117 | $44,711,641 |
Western Cooperative Electric Association Inc Wakeeney, KS | $116,000,475 | $44,441,643 |
Semo Electric Cooperative Sikeston, MO | $155,297,219 | $43,598,236 |
Freestate Electric Cooperative Inc Topeka, KS | $115,006,207 | $43,505,372 |
Red River Valley Rural Electric Association Marietta, OK | $87,688,171 | $43,444,812 |
Southeastern Electric Cooperative Inc Durant, OK | $83,173,851 | $40,665,061 |