Morgan County Rural Electric Association

Organization Overview

Morgan County Rural Electric Association is located in Fort Morgan, CO. 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, Morgan County Rural Electric Association employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morgan County Rural Electric Association 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, Morgan County Rural Electric Association generated $45.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $45.1m during the year ending 12/2021. While expenses have increased by 5.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MORGAN COUNTY RURAL ELECTRIC ASSOCIATION IS A COOPERATIVE THAT PROVIDES DISTRIBUTION AND SALES OF ELECTRIC ENERGY ON A RETAIL BASIS TO THE RURAL AREAS OF SIX COUNTIES IN COLORADO.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED ELECTRICAL POWER TO 9089 METERS. DELIVERED AND SOLD 379,751,007 KWH TO OUR MEMBER OWNERS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Great Plains Power
Power Line Construction
$1,410,768
United Tree Service
Tree Trimming
$156,240
Altitude Energy
Power Line Construction
$453,437
View All Vendors

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$44,842,575
Investment income $159,116
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $100,326
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $799
Miscellaneous Revenue$0
Total Revenue $45,102,816

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