Inland Power & Light Co
- Assets
- $304.0m
- Revenue
- $96.6m
- Investments
- $0.0
- Employees
- 138
- Location
- Spokane, WA
- Founding
- 09/1948
- Data as of
- 12/2023
- 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 12/2023, Inland Power & Light Co employed 138 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 12/2023, Inland Power & Light Co generated $96.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $94.5m during the year ending 12/2023. While expenses have increased by 2.9% per year over the past 9 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 19 individual grants totaling $519,900. 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Obrien Chief General Counsel | Officer | 50 | $188,846 |
Jennifer Lutz Cao | Officer | 50 | $212,559 |
Josiah Thompson Area Service Representative | 59 | $288,203 | |
Kevin Shaw Area Service Representative | 55 | $249,404 | |
Robert Swiger Area Service Representative | 55 | $242,530 | |
William Risken Area Service Representative | 54 | $239,167 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sturgeon Electric Co Inc Line Construction | 12/30/23 | $1,565,017 |
Palouse Power Llc Line Construction | 12/30/23 | $1,286,543 |
International Line Builders Line Construction | 12/30/23 | $1,097,394 |
Potelco Inc Line Construction | 12/30/23 | $661,797 |
Associated Arborists Tree Clearing | 12/30/23 | $1,311,834 |
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 | $91,839,063 |
| Investment income | $4,132,846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $268,185 |
| 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 | $96,597,816 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,790 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $7,749,138 |
| Compensation of current officers, directors, key employees. | $305,637 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,910,396 |
| Pension plan accruals and contributions | $3,366,666 |
| Other employee benefits | $1,603,337 |
| Payroll taxes | $606,570 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,146 |
| Fees for services: Accounting | $24,981 |
| Fees for services: Lobbying | $80,571 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,050 |
| Advertising and promotion | $45,970 |
| Office expenses | $737,049 |
| Information technology | $768,476 |
| Royalties | $0 |
| Occupancy | $853,254 |
| Travel | $1,802,022 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $66,836 |
| Interest | $3,090,352 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,627,828 |
| Insurance | $125,222 |
| All other expenses | $6,854,774 |
| Total functional expenses | $94,519,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $522,611 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,508,864 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,779,186 |
| Prepaid expenses and deferred charges | $72,081,307 |
| Net Land, buildings, and equipment | $191,440,075 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $361,264 |
| Other assets | $7,316,173 |
| Total assets | $304,009,480 |
| Accounts payable and accrued expenses | $16,909,505 |
| 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 | $152,580,965 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,099,750 |
| Total liabilities | $171,590,220 |
| 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 | $574,291 |
| Retained earnings, endowment, accumulated income, or other funds | $131,844,969 |
| Total liabilities and net assets/fund balances | $304,009,480 |
Grants Awarded
Over the last fiscal year, Inland Power & Light Co has awarded $78,216 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SPOKANE NEIGHBORHOOD ACTION PLAN PURPOSE: Assist SNAP in providing monetary energy assistance to households in need. Of the grand total paid the cooperative receives a WA State Tax credit typically equal to half the amount. | $40,622 |
SECOND HARVEST PURPOSE: Support children in IPL service territory | $7,094 |
INLAND POWER COMMUNITY FOUNDATION PURPOSE: Collects funds to distribute grants to applicants from local families and charitable organizations to better the community. | $30,500 |