Inland Power & Light Co
- Assets
- $298.2m
- Revenue
- $90.9m
- Investments
- $0.0
- Employees
- 109
- Location
- Spokane, WA
- Founding
- 09/1948
- Data as of
- 12/2021
- EIN
- 91-0267315
Organization Overview
Inland Power & Light Co is located in Spokane, WA. The organization was established in 1948. 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, Inland Power & Light Co employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inland Power & Light Co 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, Inland Power & Light Co generated $90.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $86.8m 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.
Since 2016, Inland Power & Light Co has awarded 15 individual grants totaling $404,329. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTION AND SALE OF ELECTRICITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION AND SALE OF ELECTRICITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Jensen Former CEO | Officer | 50 | $329,228 |
Josiah Thompson Area Service Representative | 60 | $260,771 | |
Kevin Shaw Area Service Representative | 60 | $248,986 | |
Larry Rice Area Service Representative | 59 | $246,991 | |
Robert Swiger Area Service Representative | 58 | $234,056 | |
Kyle Hasenoehrl Area Service Representative | 53 | $206,450 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Titan Electric Line Construction | 12/30/21 | $2,213,080 |
Associated Arborists Tree Reclearing | 12/30/21 | $1,308,816 |
Palouse Power Llc Line Construction | 12/30/21 | $506,295 |
Power City Electric Line Construction | 12/30/21 | $683,787 |
Zumbro Land Management Tree Reclearing | 12/30/21 | $479,400 |
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 | $85,068,225 |
| Investment income | $5,328,358 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $274,933 |
| 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 | $90,911,502 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $89,022 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $5,608,298 |
| Compensation of current officers, directors, key employees. | $1,091,809 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,337,696 |
| Pension plan accruals and contributions | $1,378,993 |
| Other employee benefits | $1,102,866 |
| Payroll taxes | $594,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,750 |
| Fees for services: Accounting | $29,820 |
| Fees for services: Lobbying | $100,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,655 |
| Advertising and promotion | $22,706 |
| Office expenses | $694,437 |
| Information technology | $77,220 |
| Royalties | $0 |
| Occupancy | $994,965 |
| Travel | $1,738,398 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,618 |
| Interest | $2,774,161 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,406,437 |
| Insurance | $212,896 |
| All other expenses | $3,969,293 |
| Total functional expenses | $86,785,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,305,823 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,404,815 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,738,156 |
| Prepaid expenses and deferred charges | $96,802,285 |
| Net Land, buildings, and equipment | $166,404,949 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $664,931 |
| Other assets | $6,900,378 |
| Total assets | $298,221,337 |
| Accounts payable and accrued expenses | $14,781,652 |
| 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 | $158,910,594 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,965,365 |
| Total liabilities | $178,657,611 |
| 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 | $516,071 |
| Retained earnings, endowment, accumulated income, or other funds | $119,047,655 |
| Total liabilities and net assets/fund balances | $298,221,337 |
Grants Awarded
Over the last fiscal year, Inland Power & Light Co has awarded $90,092 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Spokane, WA PURPOSE: To assist SNAP in providing monetary energy assistance to households in need. Of the total grand paid the cooperative receives a WA State Tax credit typically equal to half the amount. | $53,947 |
Spokane, WA PURPOSE: Collect funds to distribute grants to applicants from local families and charitable organizations to better the community. | $35,000 |
Spokane, WA PURPOSE: To support children in Inland Power service territory struggling with food insecurities. | $1,145 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chugach Electric Association Inc Anchorage, AK | $1,796,363,282 | $354,827,268 |
Golden Valley Electric Assn Inc Fairbanks, AK | $748,489,323 | $261,622,497 |
Umatilla Electric Cooperative Association Hermiston, OR | $344,848,374 | $277,344,342 |
Pacific Northwest Generating Cooperative Clackamas, OR | $52,953,667 | $164,730,545 |
Matanuska Electric Association Inc Palmer, AK | $634,431,622 | $159,633,412 |
Homer Electric Association Inc Homer, AK | $266,114,703 | $113,967,382 |
Inland Power & Light Co Spokane, WA | $298,221,337 | $90,911,502 |
Breakthrough Energy Foundation Kirkland, WA | $272,263,093 | $53,009,802 |
Central Electric Cooperative Inc Redmond, OR | $242,542,165 | $105,052,324 |
Oregon Trail Electric Consumers Cooperative Inc Baker City, OR | $131,875,952 | $59,383,158 |
Peninsula Light Company Inc Gig Harbor, WA | $206,412,044 | $64,241,054 |
Alaska Village Electric Cooperative Inc Anchorage, AK | $149,755,137 | $62,136,237 |