Colorado Rural Electric Association Inc
- Assets
- $2.4m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 14
- Location
- Denver, CO
- Founding
- 05/1991
- Data as of
- 12/2022
- EIN
- 84-0411220
Organization Overview
Colorado Rural Electric Association Inc is located in Denver, CO. The organization was established in 1991. 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, Colorado Rural Electric Association Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Rural Electric Association Inc 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, Colorado Rural Electric Association Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $4.4m 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
TO ENHANCE AND ADVANCE THE INTERESTS OF ITS MEMBER ELECTRIC COOPERATIVES THROUGH A UNITED EFFORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES ARE INCURRED TO PROMOTE THE GENERAL WELFARE OF THE RURAL ELECTRIC COOPERATIVES IN COLORADO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Singer Executive Di | Officer | 40 | $325,079 |
Elizabeth Fiddes Dir. Member | 40 | $128,619 | |
Craig Johnson Dir. Of Govt | Officer | 40 | $200,047 |
Ramona Neeley Dir.communic | 40 | $128,766 | |
Virginia Buczek Director | Trustee | 5 | $1,000 |
David Amdt Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nreca-medical Medicial | 12/30/22 | $387,166 |
Publication Printers Printedmaterial | 12/30/22 | $524,682 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,670,155 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,236 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,798,391 |
| Total Program Service Revenue | $1,574,353 |
| 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 | $4,372,744 |
| 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. | $753,398 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,461,947 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $146,347 |
| Fees for services: Legal | $13,073 |
| Fees for services: Accounting | $102,650 |
| 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 | $76,191 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $202,736 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $94,106 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,941 |
| Insurance | $17,128 |
| All other expenses | $0 |
| Total functional expenses | $4,449,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,235,308 |
| Savings and temporary cash investments | $227,918 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $179,862 |
| 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 | $92,388 |
| Net Land, buildings, and equipment | $602,707 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $30,212 |
| Intangible assets | $0 |
| Other assets | $50 |
| Total assets | $2,368,445 |
| Accounts payable and accrued expenses | $311,688 |
| 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 | $0 |
| Total liabilities | $311,688 |
| Net assets without donor restrictions | $2,056,757 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,368,445 |