Withlacoochee River Electric Cooperative Inc

Organization Overview

Withlacoochee River Electric Cooperative Inc is located in Dade City, FL. The organization was established in 1959. 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, Withlacoochee River Electric Cooperative Inc employed 568 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Withlacoochee River 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, Withlacoochee River Electric Cooperative Inc generated $476.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $465.6m during the year ending 12/2021. While expenses have increased by 0.5% 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.

Since 2016, Withlacoochee River Electric Cooperative Inc has awarded 22 individual grants totaling $425,924. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE GOAL OF THE COOPERATIVE IS TO PROVIDE EACH OF ITS MEMBERS THE BEST POSSIBLE SERVICE AT THE LOWEST COST.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SALE OF ELECTRICITY TO MEMBERS-RURAL ELECTRIC COOPERATIVE


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Board, Officers & Key Employees

Name (title)Compensation
Ronnie Deese
Manager
$261,008
William Prim
Sr Engineer
$245,377
David B Lambert II
Manager
$234,756
Marlin Sexton Jr
District Man
$196,383
Joseph Marina
District Man
$191,424
Richard Gude
District Man
$188,435

Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Davey Tree Expert
Row Cutting
$14,114,760
Trees Inc
Row Cutting
$4,883,491
Cathedral Corporation
Utility Billing
$1,358,496
Primoris Distribution Services Inc
Construction
$1,352,400
Pike Electric Inc
Construction
$4,163,167
View All Vendors

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$474,809,309
Investment income $1,155,920
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $618,356
Net Gain/Loss on Asset Sales $73,549
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $476,736,829

Grants Awarded

Over the last fiscal year, Withlacoochee River Electric Cooperative Inc has awarded $31,000 in support to 2 organizations.

Grant RecipientAmount

PASCO ECONOMIC DEVELOPMENT COUNCIL

Org PageRecipient Profile

Lutz, FL

PURPOSE: GENERAL SUPPORT

$25,000

PASCO COUNTY FAIR ASSOCIATION

Org PageRecipient Profile

Dade City, FL

PURPOSE: GENERAL SUPPORT

$6,000
View Grant Profile

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