Craig-Botetourt Electric Co-Operative is located in New Castle, VA. The organization was established in 1938. 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, Craig-Botetourt Electric Co-Operative employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Craig-Botetourt Electric Co-Operative 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, Craig-Botetourt Electric Co-Operative generated $13.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $13.7m during the year ending 12/2021. While expenses have increased by 0.8% 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
SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER: 6,552,418 SALARIES & WAGES: 1,639,992 DISTRIBUTION MAINTENANCE: 1,391,861
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeff M Ahearn CEO | Officer | 40 | $137,626 |
James E Huffman Vice Preside | OfficerTrustee | 6.3 | $6,200 |
Jc Winstead Director | Trustee | 4.37 | $6,200 |
Patrick J Ryan Secretary/tr | OfficerTrustee | 3.44 | $5,600 |
Frank R Garman Jr President | OfficerTrustee | 2.3 | $5,200 |
Travis Shrewsbury Asst Secreta | OfficerTrustee | 1.63 | $4,800 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Asplundh Clearing | 12/30/21 | $890,678 |
Davis H Elliot Elec Maint | 12/30/21 | $594,695 |
Fujistu Fiber Project | 12/30/21 | $430,678 |
Dfc Underground Elec Maint | 12/30/21 | $421,642 |
Responsive Technology It Support | 12/30/21 | $183,934 |
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 | $13,521,876 |
Investment income | $12,670 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $311,091 |
Net Gain/Loss on Asset Sales | $26,181 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $13,868,268 |
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 | $776,854 |
Compensation of current officers, directors, key employees. | $214,738 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,639,992 |
Pension plan accruals and contributions | $282,183 |
Other employee benefits | $0 |
Payroll taxes | $142,210 |
Fees for services: Management | $0 |
Fees for services: Legal | $33,892 |
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 | $381,227 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,619 |
Interest | $729,938 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,327,437 |
Insurance | $0 |
All other expenses | -$679,997 |
Total functional expenses | $13,736,144 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,005 |
Savings and temporary cash investments | $8,633 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,929,675 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $652,743 |
Prepaid expenses and deferred charges | $138,739 |
Net Land, buildings, and equipment | $34,272,940 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $696,730 |
Intangible assets | $0 |
Other assets | $7,532 |
Total assets | $37,707,997 |
Accounts payable and accrued expenses | $1,379,530 |
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 | $20,607,432 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,251,820 |
Total liabilities | $23,238,782 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $14,469,215 |
Total liabilities and net assets/fund balances | $37,707,997 |
Over the last fiscal year, we have identified 1 grants that Craig-Botetourt Electric Co-Operative has recieved totaling $8,010.
Awarding Organization | Amount |
---|---|
United Way Of Greater Richmond Richmond, VA PURPOSE: DONOR DIRECTS FUNDS(DESIGNATIONS) FOR ENERGY SHARE | $8,010 |
Organization Name | Assets | Revenue |
---|---|---|
Tideland Electric Membership Corp Pantego, NC | $155,003,665 | $49,716,262 |
Shelby Energy Cooperative Inc Shelbyville, KY | $128,023,912 | $48,869,118 |
Pee Dee Electric Membership Corporation Wadesboro, NC | $143,974,115 | $47,288,455 |
Haywood Electric Membership Corporation Waynesville, NC | $163,078,361 | $47,361,396 |
Cumberland Valley Electric Co-Op Corp Gray, KY | $124,042,321 | $47,250,559 |
Pickwick Electric Cooperative Selmer, TN | $93,706,292 | $47,229,186 |
Tennessee Valley Electric Cooperative Savannah, TN | $70,169,300 | $47,105,536 |
Roanoke Electric Membership Corp Aulander, NC | $130,270,619 | $41,342,380 |
Prince George Electric Cooperative Waverly, VA | $95,021,320 | $41,941,155 |
Plateau Electric Cooperative Oneida, TN | $68,557,070 | $43,303,901 |
Northern Neck Electric Cooperative Inc Warsaw, VA | $102,277,241 | $40,320,421 |
Grayson Rural Electric Cooperative Corporation Grayson, KY | $91,917,122 | $34,250,791 |