Wyoming Rural Electric Assn
- Assets
- $835.6k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Cheyenne, WY
- Founding
- 01/1967
- Data as of
- 12/2022
- EIN
- 83-0207211
Organization Overview
Wyoming Rural Electric Assn is located in Cheyenne, WY. The organization was established in 1967. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Wyoming Rural Electric Assn employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wyoming Rural Electric Assn is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Wyoming Rural Electric Assn generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $991.9k during the year ending 12/2022. While expenses have increased by 2.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE, DEVELOP AND ENCOURAGE VARIOUS SERVICES AND PROGRAMS TO ELEVEN (11) RURAL ELECTRIC UTILITY COOPERATIVES OPERATING IN RURAL WYOMING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WREA PROMOTES LEADERSHIP AND CIVIC AWARENESS AMONG YOUNG PEOPLE AND IS ACTIVELY INVOLVED IN THE ENERGY SHARE PROGRAM. WREA SERVES AS A UNITED REPRESENTATIVE FOR ITS MEMBERS, PROMOTING COOPERATIVE PRINCIPALS AND RURAL ELECTRIFICATION IN WYOMING. WREA LOBBIES ON BEHALF OF ITS MEMBER COOPERATIVES IN REGULATORY MATTERS AND LEGISLATIVE ISSUES AT STATE AND NATIONAL LEVELS. WREA PUBLISHES THE WYOMING RURAL ELECTRIC NEWS (THE WREN MAGAZINE) WHICH IS MAILED TO RURAL ELECTRIC CO-OP MEMBERS MONTHLY EXCEPT IN JANUARY. WREA PROVIDES EDUCATIONAL SEMINARS FOR DIRECTORS AND EMPLOYEES THROUGHOUT THE YEAR. IT CO-SPONSORS THE CODY HOTLINE SCHOOL AND THE ANNUAL LINEMAN SCHOLARSHIP GOLF TOURNAMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Lerwick President | OfficerTrustee | 1 | $0 |
John Joyce Vice President | OfficerTrustee | 1 | $0 |
Sandra Hranchak Secretary & Treasurer | OfficerTrustee | 1 | $0 |
JD Wasserburger Director | Trustee | 1 | $0 |
Julie Kilty Director | Trustee | 1 | $0 |
Gary Nix Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $948,694 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,492 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,423 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,025,609 |
| Total Program Service Revenue | $0 |
| Investment income | $1,692 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,085 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,047,386 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $164,455 |
| Compensation of current officers, directors, key employees. | $164,455 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,998 |
| Pension plan accruals and contributions | $5,942 |
| Other employee benefits | $89,536 |
| Payroll taxes | $18,193 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,285 |
| Fees for services: Accounting | $15,817 |
| Fees for services: Lobbying | $24,193 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,023 |
| Office expenses | $4,672 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,932 |
| Travel | $32,795 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,794 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,729 |
| Insurance | $10,357 |
| All other expenses | $22,558 |
| Total functional expenses | $991,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $363,580 |
| Savings and temporary cash investments | $206,250 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,995 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,353 |
| Net Land, buildings, and equipment | $184,364 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,058 |
| Total assets | $835,600 |
| Accounts payable and accrued expenses | $18,191 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $990 |
| Total liabilities | $19,181 |
| Net assets without donor restrictions | $796,063 |
| Net assets with donor restrictions | $20,356 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $835,600 |