Blue Ridge Power Agency
- Assets
- $568.5k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Salem, VA
- Founding
- 04/1995
- Data as of
- 06/2023
- EIN
- 54-1723829
Organization Overview
Blue Ridge Power Agency is located in Salem, VA. The organization was established in 1995. 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 06/2023, Blue Ridge Power Agency employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Ridge Power Agency 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 06/2023, Blue Ridge Power Agency generated $1.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $1.3m during the year ending 06/2023. While expenses have increased by 5.6% per year over the past 6 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 PURSUE THOSE ACTIVITIES WHICH WILL ENSURE THE MOST RELIABLE AND LOWEST COST WHOLESALE ELECTRIC POWER SUPPLIES POSSIBLE FOR ITS MEMBERS TODAY AND IN THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AGENCY CONDUCTS ON BEHALF OF ITS MEMBERS JOINT COST STUDIES, LEGAL REPRESENTATION, TRAINING, AND SEMINARS FOR PURCHASE AND SUPPLY OF POWER AT AN EFFECTIVE COST.
N/A
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ak Brieleiii-City Of Salemva Vice-Pres | OfficerTrustee | 2 | $0 |
Bruce Maurhoff-Centrl Va Elec Coop Sec-Treasur | OfficerTrustee | 2 | $0 |
Durwin Joyce-City Of Martinsville President | OfficerTrustee | 2 | $0 |
John O'daniel-Town Of Richlands Director | Trustee | 2 | $0 |
Timothy A Logwood-Radford Va Director | Trustee | 2 | $0 |
John Wagner-Town Of Bedford Director | Trustee | 2 | $0 |
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 | $272,603 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $272,603 |
| Total Program Service Revenue | $1,078,094 |
| Investment income | $2,712 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,353,802 |
| 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. | $142,700 |
| Compensation of current officers, directors, key employees. | $142,700 |
| Compensation to disqualified persons | $38,386 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,352 |
| Payroll taxes | $13,206 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $211,713 |
| Fees for services: Accounting | $5,400 |
| Fees for services: Lobbying | $2,626 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $820,597 |
| Advertising and promotion | $0 |
| Office expenses | $1,433 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,815 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,425 |
| Insurance | $2,213 |
| All other expenses | $10,287 |
| Total functional expenses | $1,335,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,224 |
| Savings and temporary cash investments | $210,550 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $188,521 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,506 |
| Net Land, buildings, and equipment | $650 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $568,451 |
| Accounts payable and accrued expenses | $189,653 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $189,653 |
| Net assets without donor restrictions | $378,798 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $568,451 |