Kootenai Electric Cooperative Inc
- Assets
- $200.6m
- Revenue
- $58.5m
- Investments
- $0.0
- Employees
- 119
- Location
- Hayden, ID
- Founding
- 02/1943
- Data as of
- 12/2021
- EIN
- 82-0136983
Organization Overview
Kootenai Electric Cooperative Inc is located in Hayden, ID. 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 12/2021, Kootenai Electric Cooperative Inc employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kootenai 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, Kootenai Electric Cooperative Inc generated $58.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $54.5m during the year ending 12/2021. While expenses have increased by 4.5% 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
PROVIDE MEMBER-OWNERS DEPENDABLE ELECTRIC POWER AND EXCEPTIONAL SERVICE AT COMPETITIVE RATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KOOTENAI ELECTRIC COOPERATIVE, INC. IS A MEMBER-OWNED ELECTRIC UTILITY WHICH PROVIDES RELIABLE ELECTRIC SERVICE TO APPROXIMATELY 27,000 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Elliot General Manager/ceo | Officer | 52 | $280,067 |
Keith Gednalske Foreman | 48.3 | $201,065 | |
Ryan Vandewerker Electrotech | 45.8 | $187,235 | |
Diane Griswold VP Mbr Svcs & Human Resources | 42 | $173,712 | |
Reed Christensen VP Accounting/finance & It/cfo | Officer | 43 | $170,140 |
Julie Turbin VP Ops & Ops Services | 46 | $169,470 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Associated Arborists Tree Trimming | 12/30/21 | $3,172,691 |
Wilson Construction Company Line Construction | 12/30/21 | $2,463,697 |
Palouse Power Llc Line Construction | 12/30/21 | $2,022,787 |
Cooperative Building Solutions Building Design | 12/30/21 | $896,411 |
National Information Solutions Software Provider | 12/30/21 | $566,476 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,147,243 |
| 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 | $2,147,243 |
| Total Program Service Revenue | $54,170,892 |
| Investment income | $25,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,334 |
| Net Gain/Loss on Asset Sales | $762,995 |
| Net Income from Fundraising Events | $20,452 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,518 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,518,255 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,990 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,171,241 |
| Compensation of current officers, directors, key employees. | $850,002 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,153,242 |
| Pension plan accruals and contributions | $2,339,189 |
| Other employee benefits | $0 |
| Payroll taxes | $781,246 |
| 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 | $4,172,976 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,026,049 |
| Insurance | $0 |
| All other expenses | -$7,965,436 |
| Total functional expenses | $54,524,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,630 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,968,754 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,174,107 |
| Inventories for sale or use | $8,281,248 |
| Prepaid expenses and deferred charges | $5,995,240 |
| Net Land, buildings, and equipment | $172,617,093 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,459,591 |
| Intangible assets | $89,459 |
| Other assets | $0 |
| Total assets | $200,587,122 |
| Accounts payable and accrued expenses | $13,754,955 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,523 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $97,847,134 |
| Unsecured mortgages and notes payable | $1,100,000 |
| Other liabilities | $4,097,209 |
| Total liabilities | $116,804,821 |
| 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 | $56,976,586 |
| Retained earnings, endowment, accumulated income, or other funds | $26,805,715 |
| Total liabilities and net assets/fund balances | $200,587,122 |
Grants Awarded
Over the last fiscal year, Kootenai Electric Cooperative Inc has awarded $92,702 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Hayden, ID PURPOSE: GENERAL SUPPORT | $85,202 |
Lewiston, ID PURPOSE: PROVIDES ASSISTANCE TO LOCAL COMMUNITY POPULATION IN PAYING UTILITY BILLS | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kootenai Electric Cooperative Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Bonneville Environmental Foundation Portland, OR PURPOSE: MG 10569 | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inland Power & Light Co Spokane, WA | $298,221,337 | $90,911,502 |
Moon Lake Electric Association Inc Roosevelt, UT | $157,473,371 | $84,270,268 |
High Plains Power Inc Riverton, WY | $149,704,644 | $74,809,988 |
Lower Valley Energy Inc Afton, WY | $312,114,980 | $67,991,433 |
Breakthrough Energy Foundation Kirkland, WA | $272,263,093 | $53,009,802 |
Central Electric Cooperative Inc Redmond, OR | $242,542,165 | $105,052,324 |
Oregon Trail Electric Consumers Cooperative Inc Baker City, OR | $131,875,952 | $59,383,158 |
Peninsula Light Company Inc Gig Harbor, WA | $206,412,044 | $64,241,054 |
High West Energy Inc Pine Bluffs, WY | $157,339,453 | $55,691,852 |
Kootenai Electric Cooperative Inc Hayden, ID | $200,587,122 | $58,518,255 |
Dixie Escalante Rural Beryl, UT | $171,660,221 | $52,285,597 |
Wells Rural Electric Co Wells, NV | $65,645,854 | $46,093,733 |