Nushagak Electric & Telephone Cooperative Inc
- Assets
- $44.9m
- Revenue
- $14.3m
- Investments
- $1.8m
- Employees
- 29
- Location
- Dillingham, AK
- Founding
- 02/2003
- Data as of
- 12/2021
- 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 12/2021, Nushagak Electric & Telephone Cooperative Inc employed 29 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 12/2021, Nushagak Electric & Telephone Cooperative Inc generated $14.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $12.5m during the year ending 12/2021. 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
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 12/31/21 THERE WERE 1,457 ELECTRIC SERVICES AND 1,263 TELEPHONE ACCESS LINES IN SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyke Olson Line Superintendent | 40 | $155,108 | |
Robert Himschoot Chief Executive Officer | Officer | 40 | $141,187 |
James Denslinger Interim Elec Operations Manager | 40 | $129,080 | |
Margo Ramirez Network Service Supervisor | 40 | $127,094 | |
Angelita Venua Comptroller | 40 | $126,660 | |
Trung Vo Telecommunications Operations Manager | 40 | $118,836 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stg Inc Various Operational Services | 12/30/21 | $1,257,199 |
Temptel Inc Professional Services For Reconnect Dill | 12/30/21 | $838,369 |
Airway Technologies Inc Fiber Provider | 12/30/21 | $349,128 |
Nc Machinery Generator Overhaul | 12/30/21 | $324,586 |
Mechanical Builders Professional Services | 12/30/21 | $319,795 |
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 | $13,510,658 |
| Investment income | $443,655 |
| 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 | $14,329,092 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $55,934 |
| Compensation of current officers, directors, key employees. | $236,539 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,014,270 |
| 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 | $547,813 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,953,137 |
| Insurance | $0 |
| All other expenses | $2,657,150 |
| Total functional expenses | $12,461,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,300 |
| Savings and temporary cash investments | $3,059,696 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,590,029 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,713,421 |
| Prepaid expenses and deferred charges | $399,762 |
| Net Land, buildings, and equipment | $34,353,211 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,827,389 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $44,944,808 |
| Accounts payable and accrued expenses | $3,408,145 |
| 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 | $20,634,659 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $781,643 |
| Total liabilities | $24,824,447 |
| 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 | $20,021,184 |
| Retained earnings, endowment, accumulated income, or other funds | $99,177 |
| Total liabilities and net assets/fund balances | $44,944,808 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nushagak Electric & Telephone Cooperative Inc Dillingham, AK | $44,944,808 | $14,329,092 |
Rochester Water Association Rochester, WA | $1,363,067 | $644,458 |
Anchor Point Safe Water Corporation Anchor Point, AK | $1,217,391 | $156,755 |
Ethioedir Seattle, WA | $815,987 | $251,280 |
Dugualla Community Inc Oak Harbor, WA | $933,017 | $124,776 |
Hide-Away Water Company Inc Oak Harbor, WA | $1,008,629 | $140,630 |
Hemmi Road Water Association Inc Everson, WA | $779,772 | $168,983 |
Voznesenka Community Council Inc Homer, AK | $1,055,022 | $167,278 |
Combined Water System Stanwood, WA | $998,604 | $125,689 |
El 22-1 Landowners Association Moses Lake, WA | $3,070 | $0 |
Deming Water Association Deming, WA | $453,093 | $62,992 |
Hillcrest Water Users Association Moses Lake, WA | $128,265 | $0 |