Kansas Electric Power Cooperative Inc
- Assets
- $324.9m
- Revenue
- $155.3m
- Investments
- $0.0
- Employees
- 26
- Location
- Topeka, KS
- Founding
- 06/1981
- Data as of
- 12/2021
- EIN
- 48-0836984
Organization Overview
Kansas Electric Power Cooperative Inc is located in Topeka, KS. The organization was established in 1981. 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, Kansas Electric Power Cooperative Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas Electric Power Cooperative 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 12/2021, Kansas Electric Power Cooperative Inc generated $155.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $154.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROCURE AN ADEQUATE AND RELIABLE POWER SUPPLY FOR THE ORGANIZATION'S 16 DISTRIBUTION RURAL ELECTRIC COOPERATIVE MEMBER/OWNERS AT A REASONABLE COST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ELECTRICITY TO 16 MEMBER/OWNER DISTRIBUTION COOPERATIVES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Lane Exec VP & CEO | Officer | 40 | $409,806 |
Coleen Wells Sr VP & CFO | 40 | $238,721 | |
Mark Barbee Sr VP & COO | 40 | $219,755 | |
Susan Cunningham Sr Vp, Reg & Gov't Affairs, & Gen Counsel | 40 | $205,598 | |
Richard Johnson Exec Dir, Engineering | 40 | $162,256 | |
Mark Doljac Exec Dir, Regulatory Affai | 40 | $145,535 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
K&l Gates Llp Legal Assistance | 12/30/21 | $702,330 |
Gds Associates Inc Consulting | 12/30/21 | $173,111 |
Aces Energy Management | 12/30/21 | $111,480 |
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 | $153,916,453 |
| Investment income | $550,960 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,694 |
| 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 | $155,298,946 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $642,985 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,479,903 |
| Pension plan accruals and contributions | $614,495 |
| Other employee benefits | $636,320 |
| Payroll taxes | $195,851 |
| 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 | $7,253,474 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,328,750 |
| Insurance | $0 |
| All other expenses | $3,182,065 |
| Total functional expenses | $154,230,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,813 |
| Savings and temporary cash investments | $30,599,384 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,463,026 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,036,253 |
| Prepaid expenses and deferred charges | $16,493,835 |
| Net Land, buildings, and equipment | $196,522,312 |
| Investments—publicly traded securities | $40,659,529 |
| Investments—other securities | $0 |
| Investments—program-related | $11,072,740 |
| Intangible assets | $0 |
| Other assets | $11,040,323 |
| Total assets | $324,892,215 |
| Accounts payable and accrued expenses | $30,107,464 |
| Grants payable | $0 |
| Deferred revenue | $235,743 |
| 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 | $154,580,039 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $60,303,462 |
| Total liabilities | $245,226,708 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,200 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $79,662,307 |
| Total liabilities and net assets/fund balances | $324,892,215 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Intermountain Rural Electric Association Sedalia, CO | $1,228,049,117 | $331,307,918 |
United Power Inc Brighton, CO | $596,297,380 | $312,195,991 |
Midwest Energy Inc Hays, KS | $627,319,066 | $242,109,196 |
Nebraska Electric Generation And Transmission Cooperative Inc Columbus, NE | $24,698,351 | $237,875,387 |
Central Electric Power Cooperative Jefferson City, MO | $478,589,080 | $224,762,707 |
National Electrical Contractors Association Inc Kansas City, MO | $2,543,076 | $175,759,939 |
Kansas Electric Power Cooperative Inc Topeka, KS | $324,892,215 | $155,298,946 |
Citizens Electric Corporation Perryville, MO | $190,238,434 | $155,506,076 |
Holy Cross Electric Assoc Inc Glenwood Springs, CO | $346,769,060 | $143,962,151 |
Poudre Valley Rural Electric Association Inc Fort Collins, CO | $294,330,752 | $138,618,060 |
Mountain View Electric Assoc Inc Limon, CO | $390,883,600 | $130,263,584 |
Cuivre River Electric Cooperative Incorporated Troy, MO | $339,510,149 | $127,588,100 |