Bluestem Electric Cooperative Inc
- Assets
- $63.7m
- Revenue
- $19.5m
- Investments
- $2.9m
- Employees
- 37
- Location
- Wamego, KS
- Founding
- 07/2000
- Data as of
- 12/2022
- EIN
- 48-1206132
Organization Overview
Bluestem Electric Cooperative Inc is located in Wamego, KS. The organization was established in 2000. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Bluestem Electric Cooperative Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bluestem Electric 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 12/2022, Bluestem Electric Cooperative Inc generated $19.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $19.5m during the year ending 12/2022. While expenses have increased by 3.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SAFE RELIABLE ENERGY TO RURAL COOPERATIVE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ELECTRICITY TO APPROXIMATELY 7,466 SERVICES/CONSUMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Ridder President | OfficerTrustee | 2.2 | $5,810 |
Donald Classen Vice President | OfficerTrustee | 2.2 | $6,530 |
Bruce Meyer Secretary | OfficerTrustee | 6 | $11,990 |
Mark Diederich Treasurer | OfficerTrustee | 5.5 | $11,990 |
Amanda Gnadt Trustee | Trustee | 2.6 | $6,170 |
Patricia Bloomdahl Trustee | Trustee | 4.6 | $10,920 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Solida Tree Service Inc Utility Line Clearance | 12/30/22 | $156,178 |
Electricomm Inc Scada Design And Install | 12/30/22 | $108,862 |
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 | $19,249,413 |
| Investment income | $83,304 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $128,889 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,657 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,515,990 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,656 |
| Grants and other assistance to domestic individuals. | $9,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,402,823 |
| Compensation of current officers, directors, key employees. | $493,511 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,080,138 |
| Pension plan accruals and contributions | $410,020 |
| Other employee benefits | $0 |
| Payroll taxes | $210,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $24,619 |
| Fees for services: Accounting | $30,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,289 |
| Advertising and promotion | $59,404 |
| Office expenses | $63,297 |
| 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 | $17,544 |
| Interest | $1,126,502 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,861,626 |
| Insurance | $0 |
| All other expenses | $181,870 |
| Total functional expenses | $19,515,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,421,805 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,465,383 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $306,313 |
| Prepaid expenses and deferred charges | $1,113,592 |
| Net Land, buildings, and equipment | $41,068,986 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,932,748 |
| Investments—program-related | $7,358,205 |
| Intangible assets | $1,439 |
| Other assets | $9,565 |
| Total assets | $63,678,036 |
| Accounts payable and accrued expenses | $1,801,817 |
| 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 | $38,341,427 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $197,655 |
| Total liabilities | $40,340,899 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $123,740 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $23,213,397 |
| Total liabilities and net assets/fund balances | $63,678,036 |