United Electric Co-Op Inc
- Assets
- $23.4m
- Revenue
- $19.9m
- Investments
- $0.0
- Employees
- 30
- Location
- Heyburn, ID
- Founding
- 11/1997
- Data as of
- 12/2021
- EIN
- 84-1424733
Organization Overview
United Electric Co-Op Inc is located in Heyburn, ID. The organization was established in 1997. 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, United Electric Co-Op Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Electric Co-Op 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, United Electric Co-Op Inc generated $19.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $19.9m during the year ending 12/2021. While expenses have increased by 2.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ELECTRIC ENERGY SALES TO PATRONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELECTRIC ENERGY SALES AND MAINTENANCE TO 7,190 ACTIVE SERVICES FOR 4,797 MEMBERS. THE COOPERATIVE PURCHASED 318,919,813 KWH OF ELECTRICITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trevor Parke Engineering & Operations Mana | 40 | $131,851 | |
R Kay Hill Line Superintendent | 40 | $122,854 | |
Wade E Williams Line Foreman | 40 | $117,138 | |
Frank A Matthews Line Foreman | 40 | $114,596 | |
Ace Jones Lineman | 40 | $105,494 | |
Michael Darrington General Manager | Officer | 40 | $101,298 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tree Whisper Tree Service Llc Tree Service | 12/30/21 | $127,840 |
Premier Pole Inspection Pole Testing | 12/30/21 | $133,602 |
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 | $19,753,487 |
| Investment income | $9,333 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,775 |
| Net Gain/Loss on Asset Sales | $51,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,882,483 |
| 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 | $1,981,136 |
| Compensation of current officers, directors, key employees. | $511,622 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,923,655 |
| Pension plan accruals and contributions | $458,440 |
| Other employee benefits | $635,812 |
| Payroll taxes | $171,931 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,980 |
| Fees for services: Accounting | $11,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,193 |
| Office expenses | $253,252 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,905 |
| Travel | $39,556 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69,813 |
| Interest | $96,283 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,542,900 |
| Insurance | $82,832 |
| All other expenses | -$1,540,724 |
| Total functional expenses | $19,882,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,817,371 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,599,347 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $760,097 |
| Prepaid expenses and deferred charges | $293,264 |
| Net Land, buildings, and equipment | $18,525,450 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $393,770 |
| Total assets | $23,389,299 |
| Accounts payable and accrued expenses | $1,784,944 |
| Grants payable | $0 |
| Deferred revenue | $652,682 |
| 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 | $1,571,105 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $244,931 |
| Total liabilities | $4,253,662 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $483,180 |
| Paid-in or capital surplus, or land, building, or equipment fund | $18,033,434 |
| Retained earnings, endowment, accumulated income, or other funds | $619,023 |
| Total liabilities and net assets/fund balances | $23,389,299 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dixie Escalante Rural Beryl, UT | $171,660,221 | $52,285,597 |
Wells Rural Electric Co Wells, NV | $65,645,854 | $46,093,733 |
Benton Rural Electric Association Prosser, WA | $100,163,870 | $44,244,946 |
Consumers Power Inc Philomath, OR | $143,908,796 | $44,110,626 |
Big Bend Electric Cooperative Inc Ritzville, WA | $77,547,194 | $40,611,913 |
Coos-Curry Electric Cooperative Inc Port Orford, OR | $114,567,418 | $40,713,862 |
Mt Wheeler Power Inc Ely, NV | $62,442,226 | $39,954,685 |
Yellowstone Valley Electric Cooperative Inc Huntley, MT | $80,881,351 | $39,379,515 |
Midstate Electric Cooperative Inc La Pine, OR | $76,704,845 | $36,643,813 |
Orcas Power & Light Cooperative Eastsound, WA | $113,042,035 | $35,371,006 |
Columbia Rural Electric Association Inc Walla Walla, WA | $105,545,364 | $36,917,429 |
Fall River Rural Electric Cooperative Inc Ashton, ID | $121,834,255 | $35,032,975 |