Carbon Power & Light Inc
- Assets
- $58.8m
- Revenue
- $16.5m
- Investments
- $0.0
- Employees
- 28
- Location
- Saratoga, WY
- Founding
- 09/1943
- Data as of
- 12/2023
- EIN
- 83-0108674
Organization Overview
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 12/2023, Carbon Power & Light Inc employed 28 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 12/2023, Carbon Power & Light Inc generated $16.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $16.5m during the year ending 12/2023. While expenses have increased by 1.9% 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
2023
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Waldner General Manager | Officer | 40 | $182,606 |
Matthew Love Line Foreman | 40 | $119,915 | |
Thomas Westring Dir Of Operations | 40 | $126,009 | |
Kirby Larson Journeyman Lineman | 40 | $122,560 | |
James Beckmann Dir Of Engineering | 40 | $113,993 | |
Cory Juhnke Journeyman Lineman | 40 | $110,806 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcm General Contractors Inc Construction | 12/30/22 | $254,610 |
Addison Constuction Construction | 12/30/22 | $1,175,450 |
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 | $16,276,479 |
| Investment income | $223,464 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,864 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,514,104 |
| 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 | $1,403,045 |
| Compensation of current officers, directors, key employees. | $379,687 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,376,081 |
| Pension plan accruals and contributions | $554,611 |
| Other employee benefits | $667,997 |
| Payroll taxes | $218,142 |
| 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 | $577 |
| 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 | $739,214 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,282,527 |
| Insurance | $0 |
| All other expenses | -$3,839,991 |
| Total functional expenses | $16,514,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $855,094 |
| Savings and temporary cash investments | $4,426,734 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,589,056 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,674,253 |
| Prepaid expenses and deferred charges | $107,274 |
| Net Land, buildings, and equipment | $38,997,345 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $11,125,331 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $58,775,087 |
| Accounts payable and accrued expenses | $1,224,432 |
| Grants payable | $0 |
| Deferred revenue | $2,624 |
| 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 | $25,382,964 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $85,659 |
| Total liabilities | $26,695,679 |
| 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 | $32,079,408 |
| Total liabilities and net assets/fund balances | $58,775,087 |