Central Electric Cooperative Inc

Organization Overview

Central Electric Cooperative Inc is located in Parker, PA. The organization was established in 1943. 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, Central Electric Cooperative Inc employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central 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, Central Electric Cooperative Inc generated $28.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $24.1m during the year ending 12/2021. While expenses have increased by 4.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVISION OF ELECTRIC DISTRIBUTION SERVICE ON A COOPERATIVE BASIS TO MEMBERS IN RURAL PA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVISION OF ELECTRIC DISTRIBUTION SERVICE ON A COOPERATIVE BASIS TO MEMBERS IN RURAL PENNSYLVANIA.


PROVISION OF ELECTRIC DISTRIBUTION SERVICE ON A COOPERATIVE BASIS TO MEMBERS IN RURAL PENNSYLVANIA.


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Board, Officers & Key Employees

Name (title)Compensation
Matthew Boshaw
General Manager
$249,423
Fred Terwilliger
Assistant Gm/coo
$167,588
Greg Bly
Lineman
$150,559
Chester Conti
CFO
$140,246
Lisa Hoover
Director Of Member Service
$139,903
Terry Kriebel
Lineman
$133,989

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Osmose Utilities Services Inc
Pole Inspection
$291,824
Hazlett Tree Service
Tree Trimming
$3,177,762
The Davey Tree Expert Company
Tree Trimming
$699,927
Penn Line Service
Tree Trimming
$604,209
Jaflo Inc
Tree Trimming
$912,071
View All Vendors

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$0
Investment income $60,849
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,042,682
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 $23,737,325
Miscellaneous Revenue$0
Total Revenue $28,207,685

Grants Awarded

Over the last fiscal year, Central Electric Cooperative Inc has awarded $15,000 in support to 3 organizations.

Grant RecipientAmount

BUTLER AM ROTARY CLUB

Org PageRecipient Profile

Butler, PA

PURPOSE: TO PROVIDE ASSISTANCE TO A CHARITABLE ORGANIZATION WORKING IN THE COOPERATIVES COMMUNITY.

$5,000

BRIDGE BUILDERS COMMUNITY FOUNDATION

Org PageRecipient Profile

Oil City, PA

PURPOSE: TO PROVIDE ASSISTANCE TO A CHARITABLE ORGANIZATION WORKING IN THE COOPERATIVES COMMUNITY.

$5,000

VENANGO COUNTY FAIR INC

Org PageRecipient Profile

Franklin, PA

PURPOSE: TO PROVIDE ASSISTANCE TO AN ORGANIZATION WORKING IN THE COOPERATIVES COMMUNITY.

$5,000
View Grant Profile

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