Garland Light & Power Company
- Assets
- $12.1m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 7
- Location
- Powell, WY
- Founding
- 04/1938
- Data as of
- 12/2021
- EIN
- 83-0119598
Organization Overview
Garland Light & Power Company is located in Powell, WY. The organization was established in 1938. 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, Garland Light & Power Company employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garland Light & Power Company 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, Garland Light & Power Company generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $4.6m during the year ending 12/2021. While expenses have increased by 3.0% 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
RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICITY AND SERVICES TO ITS MEMBERS LOCATED IN RURAL WYOMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL POWER AND UTILITIES SERVICES TO APPROXIMATELY 2,176 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Reimer Superintendent | 40 | $115,779 | |
Molly K Lynn General Manager | Officer | 40 | $96,452 |
Michelle Bost Fiscal Manager | Officer | 40 | $94,924 |
Susan Kohn Fiscal Manager | Officer | 40 | $13,257 |
Scott Smith Secretary-Treasurer | OfficerTrustee | 6.97 | $6,300 |
Jerry Thompson President | OfficerTrustee | 1.24 | $3,417 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Integrated Power Co Substation Construction | 12/30/20 | $266,602 |
Tri State G & T Construction | 12/30/20 | $179,374 |
Integrated Power Co Substation Construction | 12/30/20 | $266,602 |
Tri State G & T Construction | 12/30/20 | $179,374 |
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 | $4,515,835 |
| Investment income | $6,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,369 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,607,688 |
| 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 | $302,634 |
| Compensation of current officers, directors, key employees. | $289,758 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,238 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,318 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,367 |
| Fees for services: Accounting | $11,600 |
| Fees for services: Lobbying | $316 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $24,825 |
| Information technology | $43,290 |
| 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 | $3,116 |
| Interest | $264,197 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $340,832 |
| Insurance | $0 |
| All other expenses | $77,911 |
| Total functional expenses | $4,617,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $429,157 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $336,970 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $470,214 |
| Prepaid expenses and deferred charges | $67,084 |
| Net Land, buildings, and equipment | $8,254,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,436,080 |
| Intangible assets | $0 |
| Other assets | $131,751 |
| Total assets | $12,125,691 |
| Accounts payable and accrued expenses | $36,684 |
| 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 | $5,853,592 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $283,018 |
| Total liabilities | $6,173,294 |
| 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 | $47,931 |
| Retained earnings, endowment, accumulated income, or other funds | $5,904,466 |
| Total liabilities and net assets/fund balances | $12,125,691 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Electric Co-Op Inc Heyburn, ID | $23,389,299 | $19,882,483 |
Lake Region Electric Association Inc Webster, SD | $46,798,980 | $19,860,340 |
Black Hills Electric Cooperative Inc Custer, SD | $75,104,972 | $23,022,656 |
Hill County Electric Cooperative Inc Havre, MT | $40,815,029 | $18,033,515 |
Lewis And Clark Rural Water System Inc Tea, SD | $426,307,061 | $39,792,007 |
West Central Electric Cooperative Incorporated Murdo, SD | $53,451,686 | $18,722,038 |
Ravalli County Electric Cooperative Inc Victor, MT | $44,767,170 | $17,487,477 |
Wheatland Rural Electric Association Wheatland, WY | $32,258,120 | $17,112,530 |
Park Electric Cooperative Incorporated Livingston, MT | $27,938,575 | $16,763,973 |
Glacier Electric Cooperative Inc Cut Bank, MT | $41,325,088 | $16,181,346 |
Carbon Power & Light Inc Saratoga, WY | $55,820,091 | $15,960,147 |
Consolidated Mutual Water Company Lakewood, CO | $221,800,692 | $15,225,271 |