Idaho County Light & Power Cooperative Association Inc Highwa
- Assets
- $22.6m
- Revenue
- $8.4m
- Investments
- $3.9m
- Employees
- 14
- Location
- Grangeville, ID
- Founding
- 09/1942
- Data as of
- 12/2023
- EIN
- 82-0129905
Organization Overview
Idaho County Light & Power Cooperative Association Inc Highwa is located in Grangeville, ID. 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 12/2023, Idaho County Light & Power Cooperative Association Inc Highwa employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Idaho County Light & Power Cooperative Association Inc Highwa 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 12/2023, Idaho County Light & Power Cooperative Association Inc Highwa generated $8.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $7.8m during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RELIABLE ELECTRICAL SERVICES TO MEMBERS IN SERVICE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE PROVIDED ELECTRIC POWER TO APPROXIMATELY 3,515 MEMBERS DURING THE YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles M Beach General Manager | Officer | 48 | $193,850 |
Danny Bryant Line Foreman | 45 | $134,965 | |
Greg Schumacher Lineman | 45 | $133,122 | |
Gabriel Torres Operations Mgr | 45 | $121,123 | |
Troy Smith Lineman | 45 | $117,467 | |
Jacob Robie Lineman | 45 | $118,168 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tree Master Right Of Way Clearing | 12/30/23 | $393,866 |
Voltage Power Solutions Powerline Maintenance | 12/30/23 | $436,659 |
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 | $7,137,030 |
| Investment income | $520,601 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,372,520 |
| 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 | $880,126 |
| Compensation of current officers, directors, key employees. | $490,523 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,095,586 |
| Pension plan accruals and contributions | $370,828 |
| Other employee benefits | $168,161 |
| Payroll taxes | $108,895 |
| 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 | $83,894 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $790,921 |
| Insurance | $0 |
| All other expenses | -$1,734,197 |
| Total functional expenses | $7,843,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,094,325 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $902,019 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $58,542 |
| Inventories for sale or use | $543,167 |
| Prepaid expenses and deferred charges | $119,757 |
| Net Land, buildings, and equipment | $15,249,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,904,605 |
| Investments—program-related | $678,305 |
| Intangible assets | $0 |
| Other assets | $30,888 |
| Total assets | $22,581,587 |
| Accounts payable and accrued expenses | $1,680,203 |
| 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 | $1,942,278 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $591,541 |
| Total liabilities | $4,214,022 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $18,382 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,745,196 |
| Retained earnings, endowment, accumulated income, or other funds | $14,603,987 |
| Total liabilities and net assets/fund balances | $22,581,587 |