Blachly-Lane County Cooperative Electric Association
- Assets
- $34.5m
- Revenue
- $16.5m
- Investments
- $1.7m
- Employees
- 22
- Location
- Eugene, OR
- Founding
- 06/1939
- Data as of
- 12/2022
- EIN
- 93-0124804
Organization Overview
Blachly-Lane County Cooperative Electric Association is located in Eugene, OR. The organization was established in 1939. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Blachly-Lane County Cooperative Electric Association employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blachly-Lane County Cooperative Electric Association 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, Blachly-Lane County Cooperative Electric Association generated $16.5m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $16.5m during the year ending 12/2022. While expenses have increased by 3.7% per year over the past 4 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
BLACHLY-LANE'S MISSION IS TO PROVIDE SAFE, RELIABLE, AND COST-BASED ELECTRIC ENERGY TO ITS MEMBERS IN LANE COUNTY OREGON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLACHLY-LANE'S MISSION PROVIDES SAFE, RELIABLE, COST-BASED ELECTRIC SERVICE TO ITS MEMBERS IN LANE COUNTY OREGON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Gardner General Manager | Officer | 42 | $229,414 |
Matthew Smith General Foreman | 51 | $201,622 | |
Ken Gast Line Foreman | 47 | $179,098 | |
Jeff Youngblood-Lee Lineman | 50 | $179,886 | |
Jeff Jones Operations Manager | 43 | $156,281 | |
Carole Phillips CFO | Officer | 51 | $171,237 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jenson's Tree Services Inc Tree Trimming | 12/30/22 | $409,019 |
Professional Underground Services Underground Digging For Lines | 12/30/22 | $181,586 |
Smith And Crover's Tree Service Tree Trimming | 12/30/22 | $444,070 |
David Evans And Associates Engineering | 12/30/22 | $175,882 |
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 | $16,385,743 |
| Investment income | $17,258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,033 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,548,868 |
| 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 | $1,253,706 |
| Compensation of current officers, directors, key employees. | $431,981 |
| 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 | $73,662 |
| Fees for services: Accounting | $15,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,165 |
| Advertising and promotion | $12,813 |
| Office expenses | $61,772 |
| Information technology | $159,964 |
| 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 | $15,577 |
| Interest | $666,045 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,135,997 |
| Insurance | $96,053 |
| All other expenses | $424,588 |
| Total functional expenses | $16,548,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368,321 |
| Savings and temporary cash investments | $53,836 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,792,608 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $37,703 |
| Inventories for sale or use | $1,395,655 |
| Prepaid expenses and deferred charges | $409,293 |
| Net Land, buildings, and equipment | $28,704,851 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,711,460 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,667 |
| Total assets | $34,482,394 |
| Accounts payable and accrued expenses | $1,808,449 |
| Grants payable | $0 |
| Deferred revenue | $400,000 |
| 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 | $16,604,335 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $282,694 |
| Total liabilities | $19,095,478 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $14,470 |
| Paid-in or capital surplus, or land, building, or equipment fund | $15,372,446 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $34,482,394 |