Sumner Cowley Electric Coop Inc
- Assets
- $37.3m
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Wellington, KS
- Founding
- 02/1942
- Data as of
- 12/2023
- 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 12/2023, Sumner Cowley Electric Coop Inc employed 14 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 12/2023, Sumner Cowley Electric Coop Inc generated $12.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $12.7m during the year ending 12/2023. While expenses have increased by 0.7% per year over the past 8 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
2023
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 3,675 MEMBERS WITH 1,876 MILES OF LINE IN RURAL COMMUNITIES OF SUMNER, COWLEY, HARPER, SEDGWICK, BUTLER AND KINGMAN COUNTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Coni Adams CEO | Officer | 45 | $187,894 |
Stacy Wiley Director Of Finance | Officer | 45 | $109,866 |
Jordan Creed Director Of Operations | 45 | $109,846 | |
Jim Mcmullin Director | Trustee | 5 | $12,429 |
Keith Leddy Director | Trustee | 5 | $10,425 |
John Schon Director | Trustee | 5 | $9,329 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jj Powerlines Inc Contract Labor | 12/30/23 | $1,426,107 |
Circle G Tree Service Tree Service | 12/30/23 | $380,400 |
Border States Material Supplier | 12/30/23 | $179,837 |
Elecricomm Inc Materials | 12/30/23 | $220,048 |
National Information Solutions Software Provider | 12/30/23 | $112,187 |
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 | $12,531,675 |
| Investment income | $62,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,574 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,660,028 |
| 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 | $689,828 |
| Compensation of current officers, directors, key employees. | $529,927 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,644 |
| 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 | $493,382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,289,286 |
| Insurance | $0 |
| All other expenses | $7,654 |
| Total functional expenses | $12,660,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,774,549 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $799,310 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $464,862 |
| Prepaid expenses and deferred charges | $34,388 |
| Net Land, buildings, and equipment | $28,068,182 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,174,187 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,315,478 |
| Accounts payable and accrued expenses | $848,598 |
| Grants payable | $0 |
| Deferred revenue | $322,545 |
| 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 | $11,585,455 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $634,535 |
| Total liabilities | $13,391,133 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,762,697 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $21,161,648 |
| Total liabilities and net assets/fund balances | $37,315,478 |