Unalakleet Valley Electric Cooperative Cooperative
- Assets
- $3.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 9
- Location
- Unalakleet, AK
- Founding
- Data as of
- 12/2021
- EIN
- 92-0075153
Organization Overview
Unalakleet Valley Electric Cooperative Cooperative is located in Unalakleet, AK. As of 12/2021, Unalakleet Valley Electric Cooperative Cooperative employed 9 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 12/2021, Unalakleet Valley Electric Cooperative Cooperative generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. 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 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 |
|---|---|---|---|
Reese Huhta General Manager | Officer | 40 | $100,143 |
Wesley Jones President | OfficerTrustee | 4 | $0 |
Matt Roesch Vice President | OfficerTrustee | 2 | $0 |
Carol Charles Secretary-Treasurer | OfficerTrustee | 2 | $0 |
Albert Saccheus Director | Trustee | 1 | $0 |
Bruce Johnson 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 | $1,681,299 |
| Investment income | $336 |
| 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 | $1,681,635 |
| 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. | $105,150 |
| 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 | $46,536 |
| Fees for services: Accounting | $23,125 |
| 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 | $25,686 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,935 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,871 |
| Insurance | $77,993 |
| All other expenses | $152,400 |
| Total functional expenses | $1,689,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $956,370 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $284,225 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $658,961 |
| Prepaid expenses and deferred charges | $8,853 |
| Net Land, buildings, and equipment | $946,493 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $358,068 |
| Intangible assets | $0 |
| Other assets | $407,765 |
| Total assets | $3,620,735 |
| Accounts payable and accrued expenses | $196,284 |
| Grants payable | $0 |
| Deferred revenue | $89,977 |
| 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 | $451,616 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,107 |
| Total liabilities | $741,984 |
| 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 | $2,878,751 |
| Total liabilities and net assets/fund balances | $3,620,735 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Unalakleet Valley Electric Cooperative Cooperative has recieved totaling $20,235.
| Awarding Organization | Amount |
|---|---|
Kawerak Inc Nome, AK PURPOSE: FEDERAL PASS THROUGH | $20,235 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Stem Center Seattle, WA | $144,962,083 | $51,456,581 |
Oregon Museum Of Science And Industry Portland, OR | $61,863,442 | $22,605,398 |
Community Action Of Skagit County Mount Vernon, WA | $8,445,889 | $20,193,339 |
Northwest Regional Council of SMART Everett, WA | $64,450,064 | $27,020,936 |
United Electric Co-Op Inc Heyburn, ID | $23,389,299 | $19,882,483 |
Catholic Community Services Of The Mid Willamette Valley & Central Salem, OR | $4,444,104 | $18,908,977 |
Infectious Disease Research Institute Seattle, WA | $13,563,097 | $13,342,560 |
Chief Seattle Club Seattle, WA | $37,888,241 | $27,843,318 |
Alaska Pacific University Anchorage, AK | $163,618,260 | $27,263,260 |
Goodwill Industries Of The Columbia Kennewick, WA | $46,178,517 | $29,617,613 |
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |
Rose Villa Inc Portland, OR | $178,624,912 | $20,737,089 |