Niobrara Electric Association Inc
- Assets
- $38.3m
- Revenue
- $13.8m
- Investments
- $0.0
- Employees
- 23
- Location
- Lusk, WY
- Founding
- 06/1955
- Data as of
- 12/2023
- EIN
- 83-0164125
Organization Overview
Niobrara Electric Association Inc is located in Lusk, WY. The organization was established in 1955. 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, Niobrara Electric Association Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Niobrara Electric Association 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, Niobrara Electric Association Inc generated $13.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $13.4m during the year ending 12/2023. While expenses have increased by 0.4% per year over the past 6 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
RURAL ELECTRIFICATION WITHIN THE COOPERATIVE'S SERVICE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALE OF ELECTRIC ENERGY TO RURAL CUSTOMERS IN SPARSELY POPULATED AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawna Glendy General Manager | Officer | 40 | $117,968 |
Justin J Huston Ne Line Foreman | 43 | $111,854 | |
Levi Clark Wy Line Foreman | 40 | $111,425 | |
Jason B Fish Journeyman Lineman | 41 | $117,368 | |
Charles Kleinberg Lineman | 43 | $107,629 | |
William Smith Lineman | 44 | $111,647 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ward Electric Company Line Construction | 12/30/22 | $645,155 |
Besler Inc Engineering Services | 12/30/22 | $120,618 |
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 | $13,618,179 |
| Investment income | $294,004 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$71,270 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,841,380 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,543 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,047,743 |
| Compensation of current officers, directors, key employees. | $266,943 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,462,786 |
| Pension plan accruals and contributions | $336,770 |
| Other employee benefits | $427,226 |
| Payroll taxes | $133,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,576 |
| Fees for services: Accounting | $14,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,079 |
| Advertising and promotion | $13,012 |
| Office expenses | $115,498 |
| Information technology | $98,100 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $489,775 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,263 |
| Interest | $426,212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,005,320 |
| Insurance | $59,397 |
| All other expenses | -$3,089,713 |
| Total functional expenses | $13,430,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,486,453 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,756,986 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,212,066 |
| Prepaid expenses and deferred charges | $85,279 |
| Net Land, buildings, and equipment | $22,160,646 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,619,679 |
| Intangible assets | $0 |
| Other assets | $5,668 |
| Total assets | $38,326,777 |
| Accounts payable and accrued expenses | $1,217,553 |
| 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 | $9,243,797 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,747,080 |
| Total liabilities | $16,208,430 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $5,755 |
| Paid-in or capital surplus, or land, building, or equipment fund | $20,317,260 |
| Retained earnings, endowment, accumulated income, or other funds | $1,795,332 |
| Total liabilities and net assets/fund balances | $38,326,777 |
Grants Awarded
Over the last fiscal year, Niobrara Electric Association Inc has awarded $16,400 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HARRISON VOLUNTEER FIRE DEPT PURPOSE: Donation | $10,000 |
SIOUX COUNTY FAIR BOARD PURPOSE: Donation | $6,400 |