Orcas Power & Light Cooperative
- Assets
- $113.0m
- Revenue
- $35.4m
- Investments
- $1.5m
- Employees
- 51
- Location
- Eastsound, WA
- Founding
- 12/1937
- Data as of
- 12/2021
- EIN
- 91-0348358
Organization Overview
Orcas Power & Light Cooperative is located in Eastsound, WA. The organization was established in 1937. 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, Orcas Power & Light Cooperative employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orcas Power & Light Cooperative 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, Orcas Power & Light Cooperative generated $35.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $35.8m during the year ending 12/2021. While expenses have increased by 5.3% 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
THE COOPERATIVE SERVES ITS MEMBERS WITH SAFE, RELIABLE, COST EFFECTIVE, AND ENVIRONMENTALLY SENSITIVE UTILITY SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALE OF ELECTRICAL SERVICE TO MEMBERS WHICH INCLUDES AN ENERGY CONSERVATION PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Foster Hildreth General Manager | Officer | 35 | $298,047 |
Russell Guerry Manager Of Engineering & Operations | Officer | 40 | $183,243 |
Nancy Loomis Manager Of Finance & Member Servicese | Officer | 40 | $172,321 |
Kai Burleson Substation Maintenance Technician | 56.8 | $169,542 | |
Brian Swanson Foreman | 54.6 | $168,464 | |
Dan Watters Foreman | 53.2 | $165,009 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mike Carlson Enterprises Excavation/construction Services | 12/30/21 | $455,089 |
Earthworks Company Inc Excavation/construction Services | 12/30/21 | $340,728 |
Rainshadow Consulting Llc Excavation/construction Services | 12/30/21 | $257,067 |
Rozewood Environmental Service Excavation/construction Services | 12/30/21 | $243,746 |
Shcrock Construction Inc Excavation/construction Services | 12/30/21 | $239,663 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,790,016 |
| 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 | $1,790,016 |
| Total Program Service Revenue | $33,599,360 |
| Investment income | $149,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $110,040 |
| Net Gain/Loss on Asset Sales | $3,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $35,371,006 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $5,339,846 |
| Compensation of current officers, directors, key employees. | $1,026,095 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $1,776,488 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| 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 | $1,932,928 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,047,791 |
| Insurance | $0 |
| All other expenses | $3,042,637 |
| Total functional expenses | $35,802,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,296,969 |
| Savings and temporary cash investments | $7,294,012 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,561,141 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,122,049 |
| Prepaid expenses and deferred charges | $490,686 |
| Net Land, buildings, and equipment | $98,332,083 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,452,951 |
| Investments—program-related | -$11,093,287 |
| Intangible assets | $59,782 |
| Other assets | $1,525,649 |
| Total assets | $113,042,035 |
| Accounts payable and accrued expenses | $3,429,809 |
| 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 | $67,074,838 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $406,996 |
| Total liabilities | $70,911,643 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $58,225 |
| Paid-in or capital surplus, or land, building, or equipment fund | $10,015,079 |
| Retained earnings, endowment, accumulated income, or other funds | $32,057,088 |
| Total liabilities and net assets/fund balances | $113,042,035 |
Grants Awarded
Over the last fiscal year, Orcas Power & Light Cooperative has awarded $114,826 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SAN JUAN ISLANDS CONSERVATION DISTRICT PURPOSE: ENERGY EFFICIENCY & CONSERVATION PROGRAMS | $104,826 |
Friday Harbor, WA PURPOSE: GRANT MATCH '20 | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Orcas Power & Light Cooperative has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Bonneville Environmental Foundation Portland, OR PURPOSE: SUPPORT INCENTIVES FOR BATTERY ELECTRIC CARS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Kootenai Electric Cooperative Inc Hayden, ID | $200,587,122 | $58,518,255 |
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 |