Midstate Electric Cooperative Inc
- Assets
- $76.7m
- Revenue
- $36.6m
- Investments
- $0.0
- Employees
- 67
- Location
- La Pine, OR
- Founding
- 02/1955
- Data as of
- 12/2021
- EIN
- 93-0389023
Organization Overview
Midstate Electric Cooperative Inc is located in La Pine, OR. The organization was established in 1955. 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, Midstate Electric Cooperative Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midstate 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, Midstate Electric Cooperative Inc generated $36.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $36.6m during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 6 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
DELIVERING AND SELLING ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF ELECTRICITY TO MEMBERS: 17,233 MEMBERS
BPA WEATHERIZATION PROGRAMS:45 JOBS COMPLETED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David W Schneider General Manager | Officer | 50 | $226,807 |
Pat Barker Working Foreman Area Coordinator | 47 | $179,822 | |
Tom Weller Engineering Manager | 45 | $152,332 | |
Jami Steinhauer Chief Financial Officer | Officer | 45 | $151,225 |
Mike Hess Working Foreman | 45 | $146,096 | |
Landon Carter Working Foreman | 45 | $141,763 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Christenson Electric Inc Line Construction | 12/30/21 | $1,806,704 |
Direct Drilling Inc Drilling | 12/30/21 | $968,325 |
Jensen's Tree Service Inc Tree Trimming | 12/30/21 | $761,001 |
Estrada Consultants Llc Utility Inspection | 12/30/21 | $226,226 |
David Evans And Associates Inc Engineering | 12/30/21 | $179,929 |
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 | $36,180,865 |
| Investment income | $279,643 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $54,048 |
| 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 | $36,643,813 |
| 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 | $3,183,127 |
| Compensation of current officers, directors, key employees. | $755,174 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,212,395 |
| Pension plan accruals and contributions | $1,021,758 |
| Other employee benefits | $1,290,351 |
| Payroll taxes | $480,770 |
| Fees for services: Management | $84,701 |
| Fees for services: Legal | $71,563 |
| Fees for services: Accounting | $22,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,284 |
| Advertising and promotion | $568,266 |
| Office expenses | $164,409 |
| Information technology | $383,461 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $68,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $172,898 |
| Interest | $1,205,665 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,295,564 |
| Insurance | $215,726 |
| All other expenses | $2,367,939 |
| Total functional expenses | $36,643,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $506,664 |
| Savings and temporary cash investments | $52,784 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,933,722 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,458,349 |
| Prepaid expenses and deferred charges | $2,026,361 |
| Net Land, buildings, and equipment | $66,184,809 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,542,156 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $76,704,845 |
| Accounts payable and accrued expenses | $4,848,633 |
| 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 | $33,677,551 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,542,701 |
| Total liabilities | $43,068,885 |
| 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 | $4,552,500 |
| Retained earnings, endowment, accumulated income, or other funds | $29,083,460 |
| Total liabilities and net assets/fund balances | $76,704,845 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Midstate Electric Cooperative Inc has recieved totaling $16,676.
| Awarding Organization | Amount |
|---|---|
Bonneville Environmental Foundation Portland, OR PURPOSE: GRANT FOR 50% OF EV CHARGER COST AT HOUSING WORKS | $16,676 |
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 |