Washington Rural Electric Cooperative Association
- Assets
- $522.4k
- Revenue
- $430.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Olympia, WA
- Founding
- 02/1988
- Data as of
- 12/2021
- EIN
- 91-1236389
Organization Overview
Washington Rural Electric Cooperative Association is located in Olympia, WA. 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. Washington Rural Electric Cooperative Association 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, Washington Rural Electric Cooperative Association generated $430.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $467.1k during the year ending 12/2021. While expenses have increased by 4.5% 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
TO PROACTIVELY LOBBY FOR WASHINGTON STATE LEGISLATION THAT SERVES THE INTERESTS OF MEMBERS WHILE SIMULTANEOUSLY DEFENDING AGAINST LEGISLATION AND AGENCY ACTION THAT NEGATIVELY IMPACTS THE RURAL ELECTRIC INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION REPRESENTS ITS MEMBERS BEFORE THE LEGISLATURE AND VARIOUS STATE AGENCIES IN ORDER TO MAKE CERTAIN THAT ISSUES OF CONCERN TO RURAL ELECTRIC COOPERATIVES ARE ADDRESSED APPROPRIATELY.THE ASSOCIATION PROVIDES A MEANS FOR THE RURAL ELECTRIC COOPERATIVES WITHIN THE STATE OF WASHINGTON TO MEET AND DISCUSS ISSUES OF MUTUAL CONCERN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Lopez General Manager | Officer | 40 | $161,201 |
John Irwin Vice President | OfficerTrustee | 1 | $0 |
Scott Peters President | OfficerTrustee | 1 | $0 |
Andy Barth Secretary | OfficerTrustee | 1 | $0 |
Linda Mcdermott Treasurer | OfficerTrustee | 1 | $0 |
Susan Cutrell Director | Trustee | 1 | $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 | $39,336 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,336 |
| Total Program Service Revenue | $381,552 |
| Investment income | $716 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,000 |
| 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 | $430,604 |
| 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. | $302,851 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,168 |
| Fees for services: Accounting | $23,005 |
| Fees for services: Lobbying | $48,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,488 |
| Advertising and promotion | $0 |
| Office expenses | $2,501 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,836 |
| Travel | $4,706 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,007 |
| Interest | $1,924 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,974 |
| Insurance | $2,873 |
| All other expenses | $2,335 |
| Total functional expenses | $467,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,032 |
| Savings and temporary cash investments | $47,516 |
| 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 | $9,223 |
| Net Land, buildings, and equipment | $394,527 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,122 |
| Total assets | $522,420 |
| Accounts payable and accrued expenses | $14,073 |
| 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 | $69,635 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $83,708 |
| Net assets without donor restrictions | $438,712 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $522,420 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Washington Rural Electric Cooperative Association has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: EDUCATIONAL FUND-WRECA ANNUAL MEETING | $14,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Association For Community Health Olympia, WA | $4,710,495 | $3,491,095 |
Seattle Economic Development Fund Seattle, WA | $28,288,075 | $7,984,943 |
Sustainable Northwest Portland, OR | $5,425,924 | $2,924,728 |
Alliance For A Just Society Seattle, WA | $6,680,868 | $4,320,520 |
Family Crisis Network Newport, WA | $658,985 | $1,912,171 |
Crook County Foundation Prineville, OR | $329,585 | $244,606 |
Williamette United Football Club Inc West Linn, OR | $1,468,541 | $1,650,823 |
New Impact Seattle, WA | $133,413 | $765,355 |
Oregon Rural Electric Cooperative Association Wilsonville, OR | $926,753 | $699,159 |
Avnu Alliance Inc Beaverton, OR | $339,779 | $792,750 |
Washington State Community Action Partnership Olympia, WA | $209,163 | $757,696 |
Washington Progress Alliance Seattle, WA | $855,771 | $1,188,787 |