Unalakleet Valley Electric Cooperative Cooperative
- Assets
- $3.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Unalakleet, AK
- Founding
- Data as of
- 12/2022
- EIN
- 92-0075153
Organization Overview
Unalakleet Valley Electric Cooperative Cooperative is located in Unalakleet, AK. As of 12/2022, Unalakleet Valley Electric Cooperative Cooperative employed 8 individuals. Unalakleet Valley Electric Cooperative 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 12/2022, Unalakleet Valley Electric Cooperative Cooperative generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RELIABLE, SAFE AND AFFORDABLE ELECTRICITY TO THE RESIDENTS OF UNALAKLEET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RELIABLE, SAFE AND AFFORDABLE ELECTRICITY TO THE RESIDENTS OF UNALAKLEET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wesley Jones President | OfficerTrustee | 4 | $0 |
Isaiah Towarak Treasurer | OfficerTrustee | 1 | $0 |
Carol Charles Secretary | Trustee | 2 | $0 |
Gary Eckenweiler Director | Trustee | 1 | $0 |
Matt Roesch Vice President | OfficerTrustee | 2 | $0 |
Kathy Commack 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,777,465 |
| Investment income | $143 |
| 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 | $1,777,608 |
| 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. | $109,317 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $91,512 |
| 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 | $509 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,981 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,323 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,670 |
| Insurance | $80,852 |
| All other expenses | $201,105 |
| Total functional expenses | $1,929,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $505,014 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $260,645 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $953,388 |
| Prepaid expenses and deferred charges | $17,372 |
| Net Land, buildings, and equipment | $1,085,748 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $366,035 |
| Intangible assets | $0 |
| Other assets | $444,340 |
| Total assets | $3,632,542 |
| Accounts payable and accrued expenses | $85,083 |
| Grants payable | $0 |
| Deferred revenue | $86,488 |
| 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 | $730,329 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,107 |
| Total liabilities | $906,007 |
| 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 | $2,726,535 |
| Total liabilities and net assets/fund balances | $3,632,542 |