Anza Electric Cooperative Inc
- Assets
- $47.0m
- Revenue
- $17.7m
- Investments
- $0.0
- Employees
- 31
- Location
- Anza, CA
- Founding
- 04/1961
- Data as of
- 12/2022
- EIN
- 95-1758102
Organization Overview
Anza Electric Cooperative Inc is located in Anza, CA. The organization was established in 1961. 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 12/2022, Anza Electric Cooperative Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anza 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 12/2022, Anza Electric Cooperative Inc generated $17.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $17.1m during the year ending 12/2022. While expenses have increased by 7.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELECTRIC DIVISION:PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 4,898 ACTIVE SERVICES AT YEAR END. THIS HAS BEEN THE PRIMARY PURPOSE OF THE COOPERATIVE SINCE 1955.
CONNECTANZA DIVISION:A SEPARATE DIVISION OF THE COOPERATIVE WAS CREATED TO PROVIDE BROADBAND INTERNET SERVICES TO ITS MEMBERS THROUGH THE CONSTRUCTION OF A FIBER OPTIC NETWORK. 2,815 FIBER OPTIC BROADBAND SERVICES OF THE CONNECTANZA DIVISION AT YEAR END WERE PROVIDED TO MEMBERS ON A PATRONAGE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL TO THE EXTENT NET MARGINS WILL EXCEED CUMMULATIVE LOSSES FOR SUCH DIVISION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryall Stewart President | OfficerTrustee | 4 | $12,356 |
Stephan Lauzier Vice President | OfficerTrustee | 6.2 | $18,930 |
Harold Burdick Treasurer | OfficerTrustee | 3 | $11,854 |
Stephen Silkotch Secretary | OfficerTrustee | 2.7 | $11,621 |
Wa Ainsworth Director | Trustee | 3.1 | $13,689 |
Michael James Machado Director | Trustee | 4 | $13,319 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Richie Tools And Services Fiber (Broadband) Contractor | 12/30/22 | $679,627 |
Skidmore High Country Backhoe Trenching, Clearing For Fire Mitigation | 12/30/22 | $248,473 |
Chris Cherrington Cherry Tree Service Tree Trimming Contractor | 12/30/22 | $134,666 |
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 | $16,949,507 |
| Investment income | $34,021 |
| 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 | $17,664,582 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,300 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $562,147 |
| Compensation of current officers, directors, key employees. | $705,449 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,875,814 |
| Pension plan accruals and contributions | $628,987 |
| Other employee benefits | $602,020 |
| Payroll taxes | $164,424 |
| 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 | $715,017 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,443,123 |
| Insurance | $0 |
| All other expenses | $245,869 |
| Total functional expenses | $17,098,729 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $668,277 |
| Savings and temporary cash investments | $588,845 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,817,105 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,448,012 |
| Prepaid expenses and deferred charges | $161,811 |
| Net Land, buildings, and equipment | $30,261,301 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,920,038 |
| Intangible assets | $0 |
| Other assets | $168,510 |
| Total assets | $47,033,899 |
| Accounts payable and accrued expenses | $1,305,264 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $10,071 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $19,047,220 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,800,990 |
| Total liabilities | $31,163,545 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,260 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $15,869,094 |
| Total liabilities and net assets/fund balances | $47,033,899 |