Nushagak Electric & Telephone Cooperative Inc
- Assets
- $48.4m
- Revenue
- $15.7m
- Investments
- $2.5m
- Employees
- 30
- Location
- Dillingham, AK
- Founding
- 02/2003
- Data as of
- 12/2022
- EIN
- 92-0177246
Organization Overview
Nushagak Electric & Telephone Cooperative Inc is located in Dillingham, AK. The organization was established in 2003. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Nushagak Electric & Telephone Cooperative Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nushagak Electric & Telephone Cooperative Inc 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, Nushagak Electric & Telephone Cooperative Inc generated $15.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $14.0m during the year ending 12/2022. While expenses have increased by 1.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
UTILITY SERVICE COOPERATIVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
COOPERATIVE PROVIDES ELECTRIC, TELECOMMUNICATIONS, CABLE TELEVISION, AND INTERNET SERVICES WITHIN AND AROUND THE DILLINGHAM, ALASKA AREA TO ITS MEMBERS. AS OF 12/31/22 THERE WERE 1,467 ELECTRIC SERVICES AND 1,189 TELEPHONE ACCESS LINES IN SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Andrew President | OfficerTrustee | 2 | $1,900 |
Henry Strub Vice-President | OfficerTrustee | 2 | $1,500 |
Wanda Wahl Treasurer | OfficerTrustee | 1 | $0 |
Annie Fritze Secretary | OfficerTrustee | 2 | $0 |
Steve Noonkesser Director | Trustee | 1 | $0 |
Bruce Baltar Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mechanical Builders Professional Services For Supplemental H | 12/30/22 | $684,108 |
Mcmillen Llc Professional Services | 12/30/22 | $865,838 |
Jjc Enterprises Installation Of Supplemental Heat Projec | 12/30/22 | $540,608 |
Nc Machinery Generator Overhaul | 12/30/22 | $497,735 |
Temptel Inc Professional Services For Reconnect Dill | 12/30/22 | $193,962 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,300 |
| 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 | $52,300 |
| Total Program Service Revenue | $14,828,719 |
| Investment income | $461,937 |
| 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 | $15,749,708 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $24,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $33,699 |
| Compensation of current officers, directors, key employees. | $330,644 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,027,964 |
| Pension plan accruals and contributions | $0 |
| 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 | $672,665 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,724,193 |
| Insurance | $0 |
| All other expenses | $2,521,169 |
| Total functional expenses | $14,036,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,300 |
| Savings and temporary cash investments | $2,822,404 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,732,463 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,068,252 |
| Prepaid expenses and deferred charges | $50,406 |
| Net Land, buildings, and equipment | $35,181,599 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,508,419 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $48,364,843 |
| Accounts payable and accrued expenses | $4,742,701 |
| 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 | $21,026,638 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $755,809 |
| Total liabilities | $26,525,148 |
| 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 | $21,734,746 |
| Retained earnings, endowment, accumulated income, or other funds | $104,949 |
| Total liabilities and net assets/fund balances | $48,364,843 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nushagak Electric & Telephone Cooperative Inc Dillingham, AK | $48,364,843 | $15,749,708 |
El 22-1 Landowners Association Moses Lake, WA | $28,534 | $1,039,985 |
Rochester Water Association Rochester, WA | $1,314,205 | $593,903 |
Anchor Point Safe Water Corporation Anchor Point, AK | $1,072,275 | $166,259 |
Ethioedir Seattle, WA | $946,694 | $300,620 |
Hide-Away Water Company Inc Oak Harbor, WA | $955,678 | $143,413 |
Dugualla Community Inc Oak Harbor, WA | $1,072,166 | $182,541 |
Voznesenka Community Council Inc Homer, AK | $1,171,546 | $176,814 |
Hemmi Road Water Association Inc Everson, WA | $820,530 | $182,277 |
Combined Water System Stanwood, WA | $1,032,886 | $134,335 |
Deming Water Association Deming, WA | $1,000,430 | $74,927 |
Hillcrest Water Users Association Moses Lake, WA | $142,306 | $0 |
Forest Beach Gig Harbor, WA | $312,812 | $0 |
Woodland Industrial Storm Water Association LaCenter, WA | $1,429 | $0 |
Woodland View Water Association Bellingham, WA | $132,169 | $0 |