Surprise Valley Electrification Corp
- Assets
- $56.6m
- Revenue
- $15.4m
- Investments
- $0.0
- Employees
- 32
- Location
- Alturas, CA
- Founding
- 10/1942
- Data as of
- 12/2021
- EIN
- 94-0912124
Organization Overview
Surprise Valley Electrification Corp is located in Alturas, CA. The organization was established in 1942. 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, Surprise Valley Electrification Corp employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Surprise Valley Electrification Corp 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, Surprise Valley Electrification Corp generated $15.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $15.4m during the year ending 12/2021. While expenses have increased by 4.4% 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
PROVIDE ELECTRIC UTILITY SERVICES TO CONSUMERS (MEMBERS) IN OUR SERVICE AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ELECTRIC UTILITY SERVICES TO CONSUMERS (MEMBERS) IN OUR SERVICE AREA
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley A Kresge General Manager | Officer | 40 | $220,378 |
Dennis Reed Line Supevisor | 40 | $145,425 | |
John Minto Engineer | 42 | $131,561 | |
Wayne Hawes Serviceman | 42.5 | $129,233 | |
Matthew Eversole Working Foreman | 42 | $128,212 | |
Bo Davis Foreman | 42 | $127,883 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Absolute Tree Care Services Llc Tree Maintenance | 12/30/21 | $338,625 |
Christenson Electric Inc Utility Material | 12/30/21 | $2,360,234 |
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 | $15,356,025 |
| Investment income | $33,758 |
| 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 | $15,431,863 |
| 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 | $1,452,578 |
| Compensation of current officers, directors, key employees. | $656,992 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,377,798 |
| Pension plan accruals and contributions | $648,117 |
| Other employee benefits | $456,345 |
| Payroll taxes | $203,110 |
| 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 | $505,382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,461,076 |
| Insurance | $0 |
| All other expenses | -$3,859,307 |
| Total functional expenses | $15,445,681 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325 |
| Savings and temporary cash investments | $2,234,691 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,180,056 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $859,403 |
| Prepaid expenses and deferred charges | $254,113 |
| Net Land, buildings, and equipment | $51,264,489 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $715,864 |
| Intangible assets | $0 |
| Other assets | $49,574 |
| Total assets | $56,558,515 |
| Accounts payable and accrued expenses | $1,452,364 |
| Grants payable | $0 |
| Deferred revenue | $166,250 |
| 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 | $23,268,236 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $242,835 |
| Total liabilities | $25,129,685 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $22,745 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,983,355 |
| Retained earnings, endowment, accumulated income, or other funds | $28,422,730 |
| Total liabilities and net assets/fund balances | $56,558,515 |
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|---|---|---|
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Consumers Power Inc Philomath, OR | $143,908,796 | $44,110,626 |
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 |
Salem Electric Salem, OR | $70,962,090 | $31,105,436 |
Plumas-Sierra Rural Electric Cooperative Inc Portola, CA | $104,014,958 | $28,694,760 |
Lane Electric Cooperative Inc Eugene, OR | $79,862,417 | $28,132,650 |
Calif Domestic Water Co Whittier, CA | $75,395,636 | $19,759,648 |
Douglas Electric Cooperative Inc Roseburg, OR | $72,257,465 | $22,631,556 |
Harney Electric Cooperative Inc Hines, OR | $32,154,008 | $16,091,631 |
Anza Electric Cooperative Inc Anza, CA | $42,427,529 | $15,782,046 |