Columbia Power Cooperative Association
- Assets
- $23.7m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 17
- Location
- Monument, OR
- Founding
- 12/1967
- Data as of
- 12/2023
- EIN
- 93-0388092
Organization Overview
Columbia Power Cooperative Association is located in Monument, OR. The organization was established in 1967. 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 12/2023, Columbia Power Cooperative Association employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbia Power Cooperative 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 12/2023, Columbia Power Cooperative Association generated $5.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $5.1m during the year ending 12/2023. While expenses have increased by 4.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELECTRIC POWER FOR 1,082 MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ELECTRIC POWER FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Ringering Foreman | 55 | $169,960 | |
Lisa Atkin General Manager | Officer | 40 | $158,930 |
Mike Osborne Working Foreman | 50 | $144,846 | |
Jack Jewell Jorneyman Lineman | 46 | $150,632 | |
Ed Andersen Mechanic | 43 | $117,567 | |
Garrett Warner Jorneyman Lineman | 46 | $147,966 |
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 | $5,159,338 |
| Investment income | $2,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$20,368 |
| 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 | -$64,698 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,115,740 |
| 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 | $467,528 |
| Compensation of current officers, directors, key employees. | $266,506 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,126,622 |
| Pension plan accruals and contributions | $236,162 |
| Other employee benefits | $287,480 |
| Payroll taxes | $110,265 |
| 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 | $526,647 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $376,451 |
| Insurance | $0 |
| All other expenses | -$1,218,643 |
| Total functional expenses | $5,115,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,928 |
| Savings and temporary cash investments | $3,171,868 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $354,039 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $654,296 |
| Prepaid expenses and deferred charges | $30,491 |
| Net Land, buildings, and equipment | $19,069,919 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $214,144 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,738,685 |
| Accounts payable and accrued expenses | $419,674 |
| Grants payable | $0 |
| Deferred revenue | $38,835 |
| 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 | $14,083,336 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,460 |
| Total liabilities | $14,560,305 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $5,410 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $9,172,970 |
| Total liabilities and net assets/fund balances | $23,738,685 |