Warren Rural Electric Cooperative Corporation is located in Bowling Green, KY. The organization was established in 1943. 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 06/2022, Warren Rural Electric Cooperative Corporation employed 173 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Warren Rural Electric Cooperative Corporation 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 06/2022, Warren Rural Electric Cooperative Corporation generated $226.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $211.0m during the year ending 06/2022. While expenses have increased by 3.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AS A MEMBER-OWNED COOPERATIVE, WARREN RECC WILL STRIVE TO MEET THE NEEDS OF ITS MEMBERS, CUSTOMERS, AND COMMUNITIES FOR UP-TO-DATE, RELIABLE, AND COMPETITIVELY-PRICED ELECTRICITY AND OTHER UTILITY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING MEMBERS, CUSTOMERS, AND COMMUNITIES COMPETITIVELY-PRICED ELECTRICITY AND OTHER UTILITY SERVICES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dewayne Mcdonald President & CEO | Officer | 40 | $231,045 |
Charles Massey VP Of Engineering & Operations | Officer | 40 | $162,043 |
Rox'anne Gray Former VP Of Administrative Services | Officer | 40 | $143,925 |
Gary Dunagan Former Manager Of Info. Technology | 40 | $138,254 | |
Patty Kantosky VP Of Member And Customer Service | Officer | 40 | $135,408 |
Mark Cardwell Operations Supervisor | 40 | $135,298 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Pike Electric Inc Electrical Services | 6/29/22 | $3,381,510 |
Ervin Cable Construction Llc Fiber Installation | 6/29/22 | $2,314,174 |
Greenwood Tree Service Tree Services | 6/29/22 | $1,465,784 |
Davis H Elliot Co Inc Electrical Services | 6/29/22 | $2,337,216 |
A & G Tree Service Inc Tree Services | 6/29/22 | $3,084,459 |
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 | $226,350,099 |
Investment income | $149,383 |
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 | $1,458 |
Miscellaneous Revenue | $0 |
Total Revenue | $226,511,221 |
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. | $1,214,235 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $6,955,557 |
Pension plan accruals and contributions | $1,573,797 |
Other employee benefits | $1,340,822 |
Payroll taxes | $663,884 |
Fees for services: Management | $35,941 |
Fees for services: Legal | $183,172 |
Fees for services: Accounting | $30,995 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $29,543 |
Fees for services: Other | $69,421 |
Advertising and promotion | $95,172 |
Office expenses | $1,014,390 |
Information technology | $1,138,232 |
Royalties | $0 |
Occupancy | $2,831,407 |
Travel | $1,415,612 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $297,930 |
Interest | $3,938,179 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $13,083,428 |
Insurance | $188,530 |
All other expenses | $713,905 |
Total functional expenses | $211,036,516 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,199,385 |
Savings and temporary cash investments | $14,122,456 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $27,018,852 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $14,480,017 |
Prepaid expenses and deferred charges | $577,379 |
Net Land, buildings, and equipment | $252,573,894 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $10,134,277 |
Intangible assets | $318,731 |
Other assets | $1,254,948 |
Total assets | $321,679,939 |
Accounts payable and accrued expenses | $38,133,342 |
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 | $108,465,083 |
Unsecured mortgages and notes payable | $6,000,000 |
Other liabilities | $12,356,108 |
Total liabilities | $164,954,533 |
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 | $156,725,406 |
Total liabilities and net assets/fund balances | $321,679,939 |
Organization Name | Assets | Revenue |
---|---|---|
East Kentucky Power Cooperative Inc Winchester, KY | $3,550,114,968 | $954,101,068 |
Middle Tennessee Electric Membership Corporation Murfreesboro, TN | $972,885,002 | $816,151,968 |
Old Dominion Electric Cooperative Glen Allen, VA | $2,169,039,010 | $801,442,287 |
Buckeye Power Inc Columbus, OH | $1,739,976,540 | $814,420,643 |
Wabash Valley Power Association Inc Indianapolis, IN | $1,308,025,251 | $757,452,533 |
Northern Virginia Electric Co-Op Manassas, VA | $1,071,859,351 | $676,666,779 |
Kenergy Corp Henderson, KY | $260,651,880 | $473,591,627 |
Rappahannock Electric Cooperative Fredericksburg, VA | $1,043,159,165 | $419,807,187 |
Midcontinent Independent System Operator Inc Carmel, IN | $2,446,006,704 | $407,489,988 |
South Central Power Company Lancaster, OH | $695,490,462 | $352,992,911 |
Cumberland Electric Membership Corp Clarksville, TN | $559,882,187 | $327,722,843 |
Volunteer Energy Cooperative Decatur, TN | $369,462,846 | $270,037,507 |