Utah Rural Electric Association Inc
- Assets
- $546.5k
- Revenue
- $454.1k
- Investments
- $0.0
- Employees
- 1
- Location
- South Jordan, UT
- Founding
- 04/1988
- Data as of
- 12/2021
- EIN
- 87-0402010
Organization Overview
Utah Rural Electric Association Inc is located in South Jordan, UT. The organization was established in 1988. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Utah 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 12/2021, Utah Rural Electric Association Inc generated $454.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $400.8k during the year ending 12/2021. 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
EDUCATION, COORDINATION - UTAH ELECTRIC COOPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
UTAH YOUTH LEADERSHIP SEMINAR HELD ANNUALLY AT SNOW COLLEGE IN EPHRAIM FOR ONE WEEK. APPROX. 100 STUDENTS BENEFIT FROM INSTRUCTION IN LEADERSHIP, ESTEEM AND ELECTRICAL SAFETY, AWARDING SCHOLARSHIPS TO SOME OF THE YOUTH. DUE TO THE WORLDWIDE COVID-19 PANDEMIC, NO LARGE GATHERINGS WERE PERMITTED WHICH PREVENTED THE SEMINAR FROM OCCURING DURING 2020 AND 2021.
TRAINING, EDUCATION AND COORDINATION FOR UTAH'S RURAL ELECTRIC COOPERATIVES. LEGISLATIVE AND REGULATORY ISSUES FOR ELECTRIC COOPERATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey M Peterson Executive Dir. | Officer | 52 | $238,250 |
Kimball Rasmussen Director | Trustee | 2 | $0 |
Trip Applequist Director | Trustee | 2 | $0 |
Rick Hendrix Director | Trustee | 2 | $0 |
Jeff Cromie Director | Trustee | 2 | $0 |
Bob Barry Director | Trustee | 2 | $0 |
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 | $23,233 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,233 |
| Total Program Service Revenue | $429,836 |
| Investment income | $1,032 |
| 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 | $454,101 |
| 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. | $238,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $67,472 |
| Other employee benefits | $0 |
| Payroll taxes | $15,944 |
| 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 | $806 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,908 |
| Insurance | $4,569 |
| All other expenses | $0 |
| Total functional expenses | $400,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $456,915 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $4,199 |
| Net Land, buildings, and equipment | $85,352 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $546,466 |
| Accounts payable and accrued expenses | -$2,317 |
| 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 | -$2,317 |
| 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 | $548,783 |
| Total liabilities and net assets/fund balances | $546,466 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Utah Rural Electric Association Inc has recieved totaling $8,400.
| Awarding Organization | Amount |
|---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: EDUCATION FUND-NEW LEGISLATOR EDUCATION PROGRAM | $8,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crosspurpose Denver, CO | $7,657,712 | $7,299,106 |
Tempe Community Action Agency Inc Tempe, AZ | $2,621,216 | $4,725,859 |
Colorado Rural Electric Association Inc Denver, CO | $2,399,350 | $4,202,272 |
Colorado Rural Water Association Pueblo West, CO | $2,068,157 | $2,065,335 |
Housing Assistance Management Enterprise Salt Lake City, UT | $14,748,431 | $2,053,627 |
Mountain Family Center Granby, CO | $3,090,485 | $1,821,483 |
Envision Utah Salt Lake City, UT | $1,358,654 | $1,490,662 |
Progressnow Colorado Education Denver, CO | $548,828 | $940,504 |
New Mexico Rural Water Users Association Inc Albuquerque, NM | $335,771 | $1,336,004 |
Wyoming Association Of Rural Water Systems Glenrock, WY | $1,132,119 | $1,583,211 |
Together Colorado Denver, CO | $2,033,423 | $853,590 |
Organizers In The Land Of Enchantment Albuquerque, NM | $504,060 | $1,373,169 |