Coos-Curry Electric Cooperative Inc
- Assets
- $114.6m
- Revenue
- $40.7m
- Investments
- $0.0
- Employees
- 78
- Location
- Port Orford, OR
- Founding
- 07/1940
- Data as of
- 12/2021
- EIN
- 93-0146827
Organization Overview
Coos-Curry Electric Cooperative Inc is located in Port Orford, OR. The organization was established in 1940. 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 12/2021, Coos-Curry Electric Cooperative Inc employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coos-Curry Electric 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, Coos-Curry Electric Cooperative Inc generated $40.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $39.9m during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTION AND SALE OF ELECTRIC ENERGY TO ITS MEMBERS LOCATED IN SUBSTANTIALLY ALL OF CURRY COUNTY, OREGON & PORTIONS OF COOS COUNTY & DOUGLAS COUNTY, OREGON. REVENUES ARE SUBSTANTIALLY DERIVED FROM THE COOPERATIVE'S RESIDENTIAL, COMMERCIAL AND INDUSTRIAL CUSTOMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION AND SALE OF ELECTRIC ENERGY TO APPROXIMATELY 14,700 COOPERATIVE MEMBERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Bischoff Ceo/general Mgr | Officer | 44 | $261,599 |
Jacob Knudsen Marketing & Member Serv Mgr | 42 | $234,478 | |
Matthew Mjelde Engineering Manager | 43 | $187,175 | |
Daniel Springer Cto | Officer | 41 | $181,231 |
Scott Elliott Line Foreman | 68 | $180,832 | |
Scott Adams Operations Manager | 45 | $167,559 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Western Pacific Tree Service Right-of-way Clearing | 12/30/21 | $1,219,349 |
Jensens Tree Service Inc Right-of-way Clearing | 12/30/21 | $1,091,464 |
Meridian Cooperative Inc Computer Software Service | 12/30/21 | $375,707 |
Conexon Llc Engineering | 12/30/21 | $267,965 |
Chr Solutions Inc Computer Software Service | 12/30/21 | $171,312 |
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 | $39,694,172 |
| Investment income | $513,882 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,418 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,713,862 |
| 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 | $4,132,727 |
| Compensation of current officers, directors, key employees. | $1,655,783 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,858,614 |
| Pension plan accruals and contributions | $406,725 |
| Other employee benefits | $2,346,424 |
| Payroll taxes | $345,104 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,726 |
| Fees for services: Accounting | $15,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,050 |
| Advertising and promotion | $28,336 |
| Office expenses | $44,934 |
| Information technology | $453,343 |
| Royalties | $0 |
| Occupancy | $122,708 |
| Travel | $84,654 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,007,850 |
| Payments to affiliates | $95,369 |
| Depreciation, depletion, and amortization | $4,258,389 |
| Insurance | $235,197 |
| All other expenses | $190,152 |
| Total functional expenses | $39,899,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,386,168 |
| Savings and temporary cash investments | $2,483,811 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,595,193 |
| Loans from Officers, Directors, or Controlling Persons | $7,026,354 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,224,970 |
| Prepaid expenses and deferred charges | $2,058,947 |
| Net Land, buildings, and equipment | $89,539,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,252,080 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $114,567,418 |
| Accounts payable and accrued expenses | $4,088,599 |
| 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 | $44,942,145 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,774,213 |
| Total liabilities | $52,804,957 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $74,070 |
| Paid-in or capital surplus, or land, building, or equipment fund | $56,120,250 |
| Retained earnings, endowment, accumulated income, or other funds | $5,568,141 |
| Total liabilities and net assets/fund balances | $114,567,418 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inland Power & Light Co Spokane, WA | $298,221,337 | $90,911,502 |
Breakthrough Energy Foundation Kirkland, WA | $272,263,093 | $53,009,802 |
Central Electric Cooperative Inc Redmond, OR | $242,542,165 | $105,052,324 |
Oregon Trail Electric Consumers Cooperative Inc Baker City, OR | $131,875,952 | $59,383,158 |
Peninsula Light Company Inc Gig Harbor, WA | $206,412,044 | $64,241,054 |
Kootenai Electric Cooperative Inc Hayden, ID | $200,587,122 | $58,518,255 |
Wells Rural Electric Co Wells, NV | $65,645,854 | $46,093,733 |
Benton Rural Electric Association Prosser, WA | $100,163,870 | $44,244,946 |
Consumers Power Inc Philomath, OR | $143,908,796 | $44,110,626 |
Big Bend Electric Cooperative Inc Ritzville, WA | $77,547,194 | $40,611,913 |
Coos-Curry Electric Cooperative Inc Port Orford, OR | $114,567,418 | $40,713,862 |
Mt Wheeler Power Inc Ely, NV | $62,442,226 | $39,954,685 |