Carbon Power & Light Inc is located in Saratoga, WY. 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, Carbon Power & Light Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carbon Power & Light 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, Carbon Power & Light Inc generated $16.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $16.0m during the year ending 12/2021. While expenses have increased by 1.1% 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 PROVIDE RELIABLE ELECTRIC SERVICE TO OUR MEMBERS/OWNERS [C - CONTINUALLY COMMUNICATE OUR COMMITMENT TO COMMUNITY; P - PLAN PRODUCTIVELY, PERFECT OUR POTENTIAL AND BE PASSIONATE ABOUT OUR MEMBER/OWNER PERSPECTIVE; & L - LEARN, LEAD AND LIGHT THE WAY TO BETTER THE QUALITY OF LIFE FOR OUR MEMBERS/OWNERS]
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE RELIABLE ELECTRIC SERVICE TO RURAL ELECTRIC MEMBER/OWNERS.
PROVIDE OTHER SERVICES TO MEMBER/OWNERS, INCLUDING SATELLITE INTERNET SERVICES, THERMAL ELECTRIC STORAGE HEATERS, ELECTRIC WATER HEATERS, AND POWER QUALITY MATERIALS AND EQUIPMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Russell Waldner General Manager | Officer | 40 | $168,883 |
Thomas Westring Dir Of Operations | 40 | $117,128 | |
Kirby Larson Journeyman Lineman | 40 | $112,291 | |
Matthew Love Line Foreman | 40 | $108,255 | |
Cory Juhnke Journeyman Lineman | 40 | $107,229 | |
Gabriel Torres Line Foreman | 40 | $106,924 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $343,637 |
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 | $343,637 |
Total Program Service Revenue | $15,552,289 |
Investment income | $26,152 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $26,870 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $15,960,147 |
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 | $1,883,423 |
Compensation of current officers, directors, key employees. | $404,321 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,082,638 |
Pension plan accruals and contributions | $379,711 |
Other employee benefits | $619,185 |
Payroll taxes | $187,871 |
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 | $638 |
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 | $703,166 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,196,241 |
Insurance | $0 |
All other expenses | -$3,378,900 |
Total functional expenses | $15,960,147 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $958,383 |
Savings and temporary cash investments | $7,092,929 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,545,988 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $1,632,524 |
Prepaid expenses and deferred charges | $140,715 |
Net Land, buildings, and equipment | $33,343,618 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $11,105,934 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $55,820,091 |
Accounts payable and accrued expenses | $1,149,415 |
Grants payable | $0 |
Deferred revenue | $3,067 |
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 | $23,584,531 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $90,010 |
Total liabilities | $24,827,023 |
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 | $30,993,068 |
Total liabilities and net assets/fund balances | $55,820,091 |
Organization Name | Assets | Revenue |
---|---|---|
Y W Electric Association Inc Colorado Rea 38 Akron, CO | $130,403,627 | $47,254,335 |
Dixie Escalante Rural Beryl, UT | $171,660,221 | $52,285,597 |
Morgan County Rural Electric Association Fort Morgan, CO | $104,279,755 | $45,102,816 |
San Luis Valley Rural Electric Cooperative Inc Monte Vista, CO | $146,227,571 | $40,584,660 |
Mountain Parks Electric Inc Granby, CO | $112,547,054 | $41,154,955 |
West River Electric Association Inc Wall, SD | $136,764,788 | $38,874,089 |
Yellowstone Valley Electric Cooperative Inc Huntley, MT | $80,881,351 | $39,379,515 |
Southeast Colorado Power Association La Junta, CO | $108,651,331 | $38,826,688 |
Grand Valley Rural Power Lines Inc Grand Junction, CO | $88,238,396 | $34,734,443 |
San Miguel Power Association Inc Nucla, CO | $92,922,592 | $33,342,574 |
Fall River Rural Electric Cooperative Inc Ashton, ID | $121,834,255 | $35,032,975 |
Midwest Electric Cooperative Corporation Grant, NE | $80,947,030 | $30,806,010 |