Northeast Oklahoma Electric Cooperative Inc

Organization Overview

Northeast Oklahoma Electric Cooperative Inc is located in Vinita, OK. 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, Northeast Oklahoma Electric Cooperative Inc employed 214 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Oklahoma 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, Northeast Oklahoma Electric Cooperative Inc generated $85.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $82.6m during the year ending 12/2021. While expenses have increased by 1.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE ELECTRICITY TO ITS MEMBERS ON A COOPERATIVE BASIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE ELECTRICITY TO OUR MEMBERS - 40,685 ACTIVE METERS SERVED AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sparks
Line Construction/retirement
$2,816,776
Riggs Tree Service
Row Clearing
$1,500,520
Nisc
Computer Services/software Fees
$548,645
Northeast Rural Services
Row Clearing
$482,655
Allegiant Utility Services
Meter Installer
$293,459
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $4,067,811
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$4,067,811
Total Program Service Revenue$79,116,558
Investment income $449,242
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,011,750
Net Gain/Loss on Asset Sales $1,383,116
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $85,761,419

Grants Awarded

Over the last fiscal year, Northeast Oklahoma Electric Cooperative Inc has awarded $53,000 in support to 5 organizations.

Grant RecipientAmount

Vinita, OK

PURPOSE: GENERAL ASSISTANCE

$25,000

NORTHEAST OKLAHOMA ELECTRIC FOUNDATION

Org PageRecipient Profile

Vinita, OK

PURPOSE: COBANK MATCHING SUCCESS

$10,000

DELAWARE COUNTY

PURPOSE: YOUTH AG PROGRAM

$6,000

OTTAWA COUNTY

PURPOSE: YOUTH AG PROGRAM

$6,000

MAYES COUNTY

PURPOSE: YOUTH AG PROGRAM

$6,000
View Grant Profile

Create an account to unlock the data you need.

or