Mountain Parks Electric Inc
- Assets
- $115.1m
- Revenue
- $43.8m
- Investments
- $388.2k
- Employees
- 84
- Location
- Granby, CO
- Founding
- 06/1959
- Data as of
- 12/2022
- EIN
- 84-0401033
Organization Overview
Mountain Parks Electric Inc is located in Granby, CO. The organization was established in 1959. 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 12/2022, Mountain Parks Electric Inc employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mountain Parks Electric 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 12/2022, Mountain Parks Electric Inc generated $43.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $43.6m during the year ending 12/2022. While expenses have increased by 2.6% 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
SALE OF ELECTRICITY TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOLD AND DISTRIBUTED ELECTRICITY TO RURAL MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 22,070 ACTIVE SERVICES AT YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Hauck Director | Trustee | 8.8 | $17,875 |
Elizabeth Mcintyre President | OfficerTrustee | 13 | $12,200 |
Kristen Taddonio Secretary | OfficerTrustee | 5.5 | $11,000 |
Mark Volt Director | Trustee | 3.6 | $9,500 |
Justin Fosha Vice President | OfficerTrustee | 5.3 | $8,350 |
Carl Trick II Director | Trustee | 7 | $7,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Altitude Energy Llc Line Construction | 12/30/22 | $2,536,006 |
Conroy Excavating Inc Line Construction | 12/30/22 | $392,127 |
Conexon Fiber Installation & Project Mgt | 12/30/22 | $421,322 |
Perdue Specialties Llc Line Construction | 12/30/22 | $348,746 |
Asplundh Tree Expert Co Tree Trimming | 12/30/22 | $348,363 |
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 | $42,740,077 |
| Investment income | $49,114 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,532 |
| Net Gain/Loss on Asset Sales | $785,490 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $316 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,751,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,673 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,583,344 |
| Compensation of current officers, directors, key employees. | $1,175,007 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,289,144 |
| Pension plan accruals and contributions | $401,435 |
| Other employee benefits | $741,596 |
| Payroll taxes | $385,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $1,908,034 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,157,230 |
| Insurance | $0 |
| All other expenses | $529,921 |
| Total functional expenses | $43,573,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,041,369 |
| Savings and temporary cash investments | $140,101 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,665,091 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,295,614 |
| Prepaid expenses and deferred charges | $430,344 |
| Net Land, buildings, and equipment | $67,328,675 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $388,230 |
| Investments—program-related | $24,976,170 |
| Intangible assets | $0 |
| Other assets | $4,814,186 |
| Total assets | $115,079,780 |
| Accounts payable and accrued expenses | $5,044,280 |
| 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 | $42,380,218 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,613,461 |
| Total liabilities | $56,037,959 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $59,041,821 |
| Total liabilities and net assets/fund balances | $115,079,780 |
Grants Awarded
Over the last fiscal year, Mountain Parks Electric Inc has awarded $41,931 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MOUNTAIN FAMILY CENTER PURPOSE: GENERAL CONTRIBUTIONS & SHARE THE SUCCESS CONTRIBUTION | $19,750 |
ENERGY OUTREACH COLORADO PURPOSE: ANNUAL SUPPORT | $8,931 |
GRAND FOUNDATION PURPOSE: CORPORATE SPONSORSHIP | $8,000 |
YMCA OF THE ROCKIES PURPOSE: ANNUAL SUPPORT | $5,250 |