Bluestem Electric Cooperative Inc
- Assets
- $60.0m
- Revenue
- $18.4m
- Investments
- $3.5m
- Employees
- 33
- Location
- Wamego, KS
- Founding
- 07/2000
- Data as of
- 12/2021
- 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 12/2021, Bluestem Electric Cooperative Inc employed 33 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 12/2021, Bluestem Electric Cooperative Inc generated $18.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $18.4m during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ELECTRICITY TO RURAL COOPERATIVE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ELECTRICITY TO APPROXIMATELY 7,352 SERVICES/CONSUMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael M Morton General Manager | Officer | 60.32 | $185,018 |
Jason Moore Assistant General Manager | 48.23 | $120,173 | |
Tim Diederich Manager Of Line Operations | 44.27 | $113,710 | |
John Bettencourt Manager Of Ami And It | 41.71 | $100,471 | |
Gary Buss Trustee | Trustee | 3.43 | $12,710 |
Patricia Bloomdahl Trustee | Trustee | 3.34 | $9,230 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Solida Tree Service Inc Utility Line Clearance | 12/30/21 | $164,539 |
Global Mapping Solutions Llc Gis Mapping & Field Data Collection | 12/30/21 | $432,982 |
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 | $18,191,062 |
| Investment income | $115,599 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,630 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,029 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,369,331 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,900 |
| Grants and other assistance to domestic individuals. | $6,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,135,888 |
| Compensation of current officers, directors, key employees. | $313,706 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,991,711 |
| Pension plan accruals and contributions | $424,616 |
| Other employee benefits | $0 |
| Payroll taxes | $200,105 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,698 |
| Fees for services: Accounting | $55,063 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,049 |
| Advertising and promotion | $66,361 |
| Office expenses | $74,018 |
| 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 | $4,233 |
| Interest | $1,156,760 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,844,565 |
| Insurance | $0 |
| All other expenses | $148,520 |
| Total functional expenses | $18,369,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,984,758 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,236,093 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $230,822 |
| Prepaid expenses and deferred charges | $757,581 |
| Net Land, buildings, and equipment | $41,571,041 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,484,365 |
| Investments—program-related | $5,748,007 |
| Intangible assets | $1,439 |
| Other assets | $5,869 |
| Total assets | $60,019,975 |
| Accounts payable and accrued expenses | $1,723,976 |
| 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 | $35,455,064 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $191,513 |
| Total liabilities | $37,370,553 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $121,370 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $22,528,052 |
| Total liabilities and net assets/fund balances | $60,019,975 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rolling Hills Electric Cooperative Inc Beloit, KS | $88,177,317 | $31,017,669 |
Bluestem Electric Cooperative Inc Wamego, KS | $60,019,975 | $18,369,331 |
Utilities Service Alliance Inc Overland Park, KS | $8,902,974 | $4,307,011 |
Logan Well Users Inc Sterling, CO | $1,034,878 | $1,191,850 |
Missouri Water Association Osage Beach, MO | $1,640,689 | $501,498 |
Lower Logan Well Users Inc Sterling, CO | $491,673 | $451,948 |
Catlin Augmentation Association Inc Fowler, CO | $121,837 | $393,653 |
Conifer Sanitation Association Greenwood Village, CO | $1,275,136 | $193,981 |
Anderson Ditch Company Boulder, CO | $790,983 | $223,345 |
Granada Water Association Lamar, CO | $1,135,090 | $155,405 |
Holmes Creek Sewer Company Llc Kearney, MO | $147,663 | $0 |
Rocky Mountain Reserve Group Golden, CO | $0 | $48,257 |