Raft River Rural Electric Cooperative Inc is located in Malta, ID. The organization was established in 1965. 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, Raft River Rural Electric Cooperative Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raft River Rural 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, Raft River Rural Electric Cooperative Inc generated $21.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $20.9m during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 4 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 ENHANCE THE LIVES OF OUR MEMBERS AND COMMUNITIES BY PROVIDING SAFE, RELIABLE, COST-EFFECTIVE ENERGY AND EXCEPTIONAL MEMBER SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE PURCHASES AND PROVIDES ELECTRIC ENERGY TO ITS MEMBERS.
THE COOPERATIVE PURCHASES AND PROVIDES ELECTRIC ENERGY TO ITS MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Chad Black General Manager | Officer | 50 | $204,019 |
Andrea Scott Finance & Accounting Manager | 0 | $143,564 | |
Kenneth Loughmiller Line Foreman | 0 | $136,250 | |
Richard Hall System Engineer | 0 | $129,819 | |
Tracy Bankhead Line Foreman | 0 | $130,319 | |
Dallan Spencer Line Superintendent | 0 | $127,650 |
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 | $20,897,399 |
Investment income | $46,270 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $111,031 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $21,069,285 |
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 | $2,652,307 |
Compensation of current officers, directors, key employees. | $360,405 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,384,742 |
Pension plan accruals and contributions | $502,929 |
Other employee benefits | $446,531 |
Payroll taxes | $227,888 |
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 | $28,984 |
Office expenses | $116,786 |
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 | $560,020 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,135,387 |
Insurance | $199,106 |
All other expenses | $0 |
Total functional expenses | $20,897,399 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $762,069 |
Savings and temporary cash investments | $1,076,584 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,412,770 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $1,742,755 |
Prepaid expenses and deferred charges | $66,035 |
Net Land, buildings, and equipment | $50,428,890 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $1,078,808 |
Intangible assets | $0 |
Other assets | $33,661 |
Total assets | $56,601,572 |
Accounts payable and accrued expenses | $3,068,747 |
Grants payable | $0 |
Deferred revenue | $184,970 |
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 | $12,332,445 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $15,586,162 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $38,975 |
Paid-in or capital surplus, or land, building, or equipment fund | $37,092,233 |
Retained earnings, endowment, accumulated income, or other funds | $3,884,202 |
Total liabilities and net assets/fund balances | $56,601,572 |