Bowie-Cass Electric Cooperative Inc
- Assets
- $210.4m
- Revenue
- $102.4m
- Investments
- $0.0
- Employees
- 110
- Location
- Douglassville, TX
- Founding
- 10/1942
- Data as of
- 12/2022
- EIN
- 75-0150318
Organization Overview
Bowie-Cass Electric Cooperative Inc is located in Douglassville, 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, Bowie-Cass Electric Cooperative Inc employed 110 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bowie-Cass 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, Bowie-Cass Electric Cooperative Inc generated $102.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $102.4m during the year ending 12/2022. While expenses have increased by 3.2% 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 MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ELECTRIC ENERGY TO OUR 27,321 MEMBERS, WITH APPROXIMATELY 43,832 SERVICES IN PLACE AT YEAR END ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark A Boyd General Manager | Officer | 50 | $210,275 |
Jonathan T Corbin Engineer Manager | 40 | $153,842 | |
Gregory Russell Maint. Superintend | 40 | $136,782 | |
Sharon Cook CFO & Hr Manager | 40 | $137,895 | |
Colin Waldrop Serviceman | 40 | $120,351 | |
Adam Balmain Serviceman | 40 | $117,419 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trees Inc Row Tree Trimming Serv | 12/30/22 | $474,459 |
Whitmire Line Clearance Inc Row Tree Trimming Serv | 12/30/22 | $1,594,372 |
Withers Construction Llc Row Tree Trimming Serv | 12/30/22 | $466,500 |
Texar Tree & Timber Llc Row Tree Trimming Serv | 12/30/22 | $999,974 |
Ctt Inc Pole Mapping Project | 12/30/22 | $2,107,631 |
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 | $101,822,301 |
| Investment income | $70,251 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $149,046 |
| Net Gain/Loss on Asset Sales | $255,744 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,367,019 |
| 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 | $1,691,384 |
| Compensation of current officers, directors, key employees. | $454,716 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $1,767,402 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,695,272 |
| Insurance | $0 |
| All other expenses | $2,625,817 |
| Total functional expenses | $102,367,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,679,796 |
| Savings and temporary cash investments | $25,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,887,997 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,884,372 |
| Net Land, buildings, and equipment | $147,428,948 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $33,498,519 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $210,404,632 |
| Accounts payable and accrued expenses | $15,921,586 |
| Grants payable | $0 |
| Deferred revenue | $129,251 |
| 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 | $65,540,582 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,484,373 |
| Total liabilities | $99,075,792 |
| 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 | $111,328,840 |
| Total liabilities and net assets/fund balances | $210,404,632 |