Bowie-Cass Electric Cooperative Inc
- Assets
- $207.4m
- Revenue
- $84.6m
- Investments
- $0.0
- Employees
- 102
- Location
- Douglassville, TX
- Founding
- 10/1942
- Data as of
- 12/2021
- 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 12/2021, Bowie-Cass Electric Cooperative Inc employed 102 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 12/2021, Bowie-Cass Electric Cooperative Inc generated $84.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $84.6m during the year ending 12/2021. While expenses have increased by 0.8% 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
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 27,151 MEMBERS, WITH APPROXIMATELY 42,880 SERVICES IN PLACE AT YEAR END ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark A Boyd General Manager | Officer | 50 | $199,073 |
Jonathan T Corbin Engineer Manager | 40 | $142,757 | |
Sharon Cook CFO & Hr Manager | 40 | $127,758 | |
Gregory Russell Maint. Superintend | 40 | $123,017 | |
Eric Mills Serviceman | 40 | $114,710 | |
Robby L Combs Construct Superint | 40 | $111,269 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trees Inc Row Tree Trimming Serv | 12/30/21 | $903,841 |
Arbor Resources Llc Row Tree Trimming Serv | 12/30/21 | $386,965 |
Whitmire Line Clearance Inc Row Tree Trimming Serv | 12/30/21 | $1,389,006 |
Texar Tree & Timber Llc Row Tree Trimming Serv | 12/30/21 | $479,557 |
Ctt Inc Pole Mapping Project | 12/30/21 | $1,209,952 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,997,362 |
| 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 | $1,997,362 |
| Total Program Service Revenue | $82,337,806 |
| Investment income | $65,990 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $149,046 |
| Net Gain/Loss on Asset Sales | $89,813 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,643,047 |
| 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 | $3,107,212 |
| Compensation of current officers, directors, key employees. | $440,289 |
| 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 | $1,828,131 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,446,332 |
| Insurance | $0 |
| All other expenses | $2,820,540 |
| Total functional expenses | $84,643,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,262,669 |
| Savings and temporary cash investments | $25,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,468,277 |
| 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 | $19,023,122 |
| Net Land, buildings, and equipment | $143,823,776 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $32,753,034 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $207,355,878 |
| Accounts payable and accrued expenses | $9,734,598 |
| Grants payable | $0 |
| Deferred revenue | $149,756 |
| 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 | $69,248,243 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,432,773 |
| Total liabilities | $107,565,370 |
| 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 | $99,790,508 |
| Total liabilities and net assets/fund balances | $207,355,878 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pedernales Electric Cooperative Inc Johnson City, TX | $2,029,870,184 | $830,415,690 |
Golden Spread Electric Cooperative Inc Amarillo, TX | $1,251,228,427 | $703,244,105 |
Denton County Electric Cooperative Inc Corinth, TX | $1,535,737,864 | $639,082,515 |
South Texas Electric Cooperative Inc Nursery, TX | $1,458,906,185 | $553,923,230 |
East Texas Electric Cooperative Inc Nacogdoches, TX | $1,118,534,652 | $504,330,746 |
Tri-County Electric Cooperative Inc Aledo, TX | $737,055,460 | $308,529,771 |
Northeast Texas Electric Coop Inc Longview, TX | $329,483,821 | $288,674,270 |
Magic Valley Electric Cooperative Inc Mercedes, TX | $542,158,549 | $266,758,522 |
Electric Reliability Council Of Texas Inc 10-10-90 Austin, TX | $3,229,605,813 | $252,635,175 |
Dixie Electric Membership Corporation Baton Rouge, LA | $725,178,434 | $239,155,259 |
Bluebonnet Electric Cooperative Inc Bastrop, TX | $657,902,626 | $247,741,918 |
Southwest Louisiana Electric Lafayette, LA | $508,237,761 | $245,337,577 |