Sun River Electric Cooperative Inc
- Assets
- $39.2m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 26
- Location
- Fairfield, MT
- Founding
- 08/1943
- Data as of
- 12/2022
- EIN
- 81-0199536
Organization Overview
Sun River Electric Cooperative Inc is located in Fairfield, MT. The organization was established in 1943. 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, Sun River Electric Cooperative Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sun River 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, Sun River Electric Cooperative Inc generated $13.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $13.4m during the year ending 12/2022. While expenses have increased by 2.8% 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
ELECTRIC SERVICE TO OWNER-MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL UTILITIES TO ITS MEMBERS LOCATED IN THE WEST-CENTRAL PORTION OF MONTANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Burgmaier Trustee | OfficerTrustee | 7 | $28,125 |
Robert Pasha Vice-President | OfficerTrustee | 4 | $20,575 |
Mitchell Johnson Sec/treas | OfficerTrustee | 3 | $24,272 |
Leonard Sivumaki President | Trustee | 3 | $20,964 |
Russell Bloom Trustee | Trustee | 7 | $36,045 |
Bryce Johns Trustee | Trustee | 3 | $31,460 |
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 | $12,599,953 |
| Investment income | $67,867 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,447,433 |
| 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 | $1,221,115 |
| Compensation of current officers, directors, key employees. | $441,362 |
| Compensation of current officers, directors, key employees. | $441,362 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $382,276 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,479 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,328 |
| Fees for services: Accounting | $10,700 |
| 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 | $162,135 |
| 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 | $461,328 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,518,850 |
| Insurance | $0 |
| All other expenses | $995,568 |
| Total functional expenses | $13,447,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $842,026 |
| Savings and temporary cash investments | $2,754,839 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,527,234 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $998,546 |
| Prepaid expenses and deferred charges | $295,566 |
| Net Land, buildings, and equipment | $28,211,519 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,594,625 |
| Total assets | $39,224,355 |
| Accounts payable and accrued expenses | $1,816,351 |
| 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 | $14,714,370 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $504,906 |
| Total liabilities | $17,035,627 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $10 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,378,580 |
| Retained earnings, endowment, accumulated income, or other funds | $19,810,138 |
| Total liabilities and net assets/fund balances | $39,224,355 |