Columbia Basin Electric Cooperative Inc
- Assets
- $26.2m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 19
- Location
- Heppner, OR
- Founding
- 03/1952
- Data as of
- 12/2021
- EIN
- 93-0337164
Organization Overview
Columbia Basin Electric Cooperative Inc is located in Heppner, OR. The organization was established in 1952. 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, Columbia Basin Electric Cooperative Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbia Basin 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, Columbia Basin Electric Cooperative Inc generated $10.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $10.4m during the year ending 12/2021. While expenses have increased by 2.7% 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
COLUMBIA BASIN ELECTRIC COOPERATIVE, INC MISSION IS TO DISTRIBUTE ELECTRICAL POWER, ON A COOPERATIVE BASIS, TO OUR CONSUMER OWNER/MEMBERS, AT THE MOST AFFORDABLE COST WHILE PROVIDING A HIGH LEVEL OF CONFIDENCE AND RELIABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SALE OF ELECTRICAL ENERGY: KWH SOLD 122,431,482 CONSUMERS: 3,945
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian K Kollman Operations Manager | 41.75 | $162,694 | |
Andy R Fletcher General Manager & CEO | Officer | 40.04 | $161,088 |
Tate Gentry Journeyman Lineman | 47.55 | $129,051 | |
James Schlaich Foreman | 44.31 | $127,342 | |
Shaun Hisler Journeyman Lineman | 46.06 | $123,235 | |
Joshua Winters Serviceman | 44.83 | $122,075 |
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 | $10,260,289 |
| Investment income | $22,855 |
| 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 | $10,397,548 |
| 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 | $273,246 |
| Compensation of current officers, directors, key employees. | $869,385 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $811,596 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $35,269 |
| Fees for services: Legal | $96,798 |
| Fees for services: Accounting | $13,650 |
| 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 | $103,136 |
| 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 | $300,597 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,240,857 |
| Insurance | $0 |
| All other expenses | $328,304 |
| Total functional expenses | $10,397,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $979,377 |
| Savings and temporary cash investments | $7,253 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $892,694 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $570,736 |
| Prepaid expenses and deferred charges | $52,719 |
| Net Land, buildings, and equipment | $21,941,949 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $819,667 |
| Intangible assets | $0 |
| Other assets | $979,880 |
| Total assets | $26,244,275 |
| Accounts payable and accrued expenses | $802,521 |
| 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 | $7,947,142 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $858,711 |
| Total liabilities | $9,608,374 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,686 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $16,633,215 |
| Total liabilities and net assets/fund balances | $26,244,275 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Columbia Basin Electric Cooperative Inc has recieved totaling $8,770.
| Awarding Organization | Amount |
|---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: INTEGRITY FUND - TERRITORY THREAT | $8,770 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Midstate Electric Cooperative Inc La Pine, OR | $76,704,845 | $36,643,813 |
Orcas Power & Light Cooperative Eastsound, WA | $113,042,035 | $35,371,006 |
Columbia Rural Electric Association Inc Walla Walla, WA | $105,545,364 | $36,917,429 |
Fall River Rural Electric Cooperative Inc Ashton, ID | $121,834,255 | $35,032,975 |
Salem Electric Salem, OR | $70,962,090 | $31,105,436 |
Plumas-Sierra Rural Electric Cooperative Inc Portola, CA | $104,014,958 | $28,694,760 |