C & L Electric Cooperative Corporation
- Assets
- $139.6m
- Revenue
- $49.2m
- Investments
- $0.0
- Employees
- 93
- Location
- Star City, AR
- Founding
- 03/1940
- Data as of
- 12/2021
- EIN
- 71-0025315
Organization Overview
C & L Electric Cooperative Corporation is located in Star City, AR. The organization was established in 1940. 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, C & L Electric Cooperative Corporation employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. C & L 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 12/2021, C & L Electric Cooperative Corporation generated $49.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $45.9m during the year ending 12/2021. While expenses have increased by 2.4% 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
SALES OF ELECTRICITY TO RURAL MEMBERS OF THE COOPERATIVE AND MAINTAIN THE DISTRIBUTION POWER LINES IN THE SERVICE AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASE, DISTRIBUTION AND SALE OF ELECTRICITY TO RURAL MEMBERS, MEMBERS SERVED - 15,138
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Smith General Manager | Officer | 40 | $219,708 |
William Dye Mgr. Of Finance And Admin. | Officer | 40 | $142,044 |
James Mcgee Supervisor | 40 | $140,942 | |
Shawn Harvey Serviceman | 40 | $139,915 | |
Brian Lowery Manager Of Office Services | 40 | $139,073 | |
John Gatlin Operations Supervisor | 40 | $131,626 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pike Electric Llc Construction | 12/30/21 | $479,665 |
Kenny's Dozer Service Inc Right Of Way | 12/30/21 | $471,505 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,576,200 |
| 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 | $1,576,200 |
| Total Program Service Revenue | $46,768,566 |
| Investment income | $679,801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $129,959 |
| 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 | $267 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,154,793 |
| 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. | $913,307 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,351,323 |
| Pension plan accruals and contributions | $1,637,679 |
| Other employee benefits | $2,297,267 |
| Payroll taxes | $557,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $468 |
| Fees for services: Accounting | $21,368 |
| 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 | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,825 |
| Interest | $2,433,879 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,810,246 |
| Insurance | $227,945 |
| All other expenses | $1,500 |
| Total functional expenses | $45,934,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $428,183 |
| Savings and temporary cash investments | $6,979,578 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,323,875 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,805,683 |
| Prepaid expenses and deferred charges | $136,922 |
| Net Land, buildings, and equipment | $107,538,821 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $16,300,320 |
| Intangible assets | $0 |
| Other assets | $1,087,509 |
| Total assets | $139,600,891 |
| Accounts payable and accrued expenses | $7,886,742 |
| 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 | $75,074,110 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,440 |
| Total liabilities | $82,972,292 |
| 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 | $371,200 |
| Retained earnings, endowment, accumulated income, or other funds | $56,257,399 |
| Total liabilities and net assets/fund balances | $139,600,891 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
4-County Electric Power Association Columbus, MS | $315,642,901 | $133,649,967 |
Beauregard Electric Cooperative Inc Deridder, LA | $317,710,520 | $130,661,746 |
Upper Cumberland Electric Membership Corporation Carthage, TN | $208,911,918 | $121,895,944 |
Meriwether Lewis Electric Cooperative Centerville, TN | $179,486,251 | $119,621,039 |
Northcentral Electric Cooperative Olive Branch, MS | $185,941,805 | $125,968,963 |
Tombigbee Electric Power Assn Tupelo, MS | $221,161,642 | $118,553,499 |
Mid-South Electric Cooperative Association Navasota, TX | $452,923,341 | $112,304,236 |
Southwest Tennessee Electric Membership Corp Brownsville, TN | $219,052,657 | $121,626,016 |
Appalachian Electric Cooperative New Market, TN | $242,163,198 | $119,028,278 |
N W Electric Power Cooperative Inc Cameron, MO | $276,321,789 | $107,924,696 |
Karnes Electric Cooperative Inc Karnes City, TX | $202,970,400 | $101,891,775 |
Tri-County Electric Cooperative Inc Hooker, OK | $321,398,945 | $100,998,279 |