Bartlett Electric Cooperative Inc
- Assets
- $119.0m
- Revenue
- $40.8m
- Investments
- $0.0
- Employees
- 68
- Location
- Bartlett, TX
- Founding
- 06/1942
- Data as of
- 12/2022
- EIN
- 74-0501156
Organization Overview
Bartlett Electric Cooperative Inc is located in Bartlett, TX. The organization was established in 1942. 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 12/2022, Bartlett Electric Cooperative Inc employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bartlett 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 12/2022, Bartlett Electric Cooperative Inc generated $40.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $40.8m during the year ending 12/2022. While expenses have increased by 8.1% per year over the past 8 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
TO PROVIDE QUALITY AND RELIABLE SERVICES TO MEMBERS OF THE COOPERATIVE AT REASONABLE RATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 14,073 ACTIVE SERVICES AT YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Urbanovsky President | OfficerTrustee | 4.7 | $16,814 |
Samuel J Jackson Vice President | OfficerTrustee | 8.3 | $26,296 |
Klaasje Moffatt Secretary/treasurer | OfficerTrustee | 2 | $11,446 |
Mike Adamson Director | Trustee | 3.7 | $14,756 |
Henry Bradford Director | Trustee | 3.1 | $13,856 |
Jamiesue Ferguson Director | Trustee | 1.7 | $8,144 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cooperative Building Solutions New Building Construction | 12/30/22 | $4,008,399 |
Dig Tech Inc Underground Construction | 12/30/22 | $1,243,845 |
S&h Powerline Construction Inc Overhead Electric Construction | 12/30/22 | $1,187,544 |
Schneider Engineering Ltd Engineering Services | 12/30/22 | $1,144,912 |
Asplundh Tree Expert Right Of Way & Tree Trimming | 12/30/22 | $1,019,819 |
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 | $39,865,632 |
| Investment income | $10,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $68 |
| Net Gain/Loss on Asset Sales | $43,222 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$11,688 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,795,236 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,825 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $541,182 |
| Compensation of current officers, directors, key employees. | $1,654,574 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,973,093 |
| Pension plan accruals and contributions | $166,241 |
| Other employee benefits | $395,069 |
| Payroll taxes | $224,895 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Interest | $2,414,700 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,622,747 |
| Insurance | $0 |
| All other expenses | $82,379 |
| Total functional expenses | $40,798,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,702 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,212,840 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,513,859 |
| Prepaid expenses and deferred charges | $594,327 |
| Net Land, buildings, and equipment | $95,701,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $13,388,281 |
| Intangible assets | $0 |
| Other assets | $3,129,700 |
| Total assets | $118,957,588 |
| Accounts payable and accrued expenses | $8,012,456 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $189,576 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $77,582,440 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,350,441 |
| Total liabilities | $91,134,913 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $264,946 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $27,557,729 |
| Total liabilities and net assets/fund balances | $118,957,588 |