1803 Electric Cooperative Inc

Organization Overview

1803 Electric Cooperative Inc is located in Baton Rouge, LA. The organization was established in 2019. According to its NTEE Classification (Y23) the organization is classified as: Mutual Insurance Companies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1803 Electric Cooperative 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, 1803 Electric Cooperative Inc generated $750.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE SAFE RELIABLE AND COST EFFECTIVE ELECTRIC POWER GENERATION AND TRANSMISSION TO MEMBER ELECTRICAL POWER COOPERATIVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PURCHASE WHOLESALE GENERATION AND OR TRANSMISSION ELECTRIC SERVICE FOR MEMBER ELECTRIC DISTRIBUTION COOPERATIVES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pain Garland And Hobbs Llp
Legal
$221,053
Marionneaux Kantrow Llc
Legal
$389,250
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$750,000
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$750,000
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $750,000

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