United Electric Cooperative Inc
- Assets
- $114.9m
- Revenue
- $31.0m
- Investments
- $10.2m
- Employees
- 55
- Location
- Du BOIS, PA
- Founding
- 04/1968
- Data as of
- 12/2021
- EIN
- 25-1182502
Organization Overview
United Electric Cooperative Inc is located in Du BOIS, PA. The organization was established in 1968. 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, United Electric Cooperative Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United 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, United Electric Cooperative Inc generated $31.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $28.4m during the year ending 12/2021. While expenses have increased by 1.7% 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
COOPERATIVE ELECTRIC ORGANIZATION PROVIDING ELECTRICITY TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ELECTRICITY TO MEMBERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Swartzlander President & CEO | Officer | 45 | $189,838 |
Len Hawkins Finance & Accounting Mgr | Officer | 45 | $125,972 |
Shane P Farrell Line Superintendent | 40 | $125,023 | |
Edward D Wheeler Lineman | 49.88 | $122,702 | |
Chad Guaglianone Lineman | 48.93 | $121,354 | |
Carl Yebernetsky Lineman | 48.64 | $120,549 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allegheny Electric Cooperative Inc Electric Power | 12/30/21 | $9,727,340 |
Anixter Power Solutions Llc Line Material | 12/30/21 | $432,726 |
Davey Tree Expert Company Right-of-way Clearing | 12/30/21 | $1,818,949 |
Wesco Distribution Inc Line Material | 12/30/21 | $342,170 |
Bnf Powerline Construction Line Construction | 12/30/21 | $1,973,188 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,376,400 |
| 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 | $1,376,400 |
| Total Program Service Revenue | $27,620,621 |
| Investment income | $83,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,200 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,031,818 |
| 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 | $1,178,770 |
| Compensation of current officers, directors, key employees. | $563,949 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $606,492 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $226,397 |
| Payroll taxes | $0 |
| 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 | $25,874 |
| Office expenses | $194,050 |
| 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 | $2,699,602 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,818,947 |
| Insurance | $0 |
| All other expenses | $1,828,412 |
| Total functional expenses | $28,424,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,916,132 |
| Savings and temporary cash investments | $2,200,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,981,154 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,109,118 |
| Prepaid expenses and deferred charges | $1,012,796 |
| Net Land, buildings, and equipment | $92,338,764 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,235,951 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,073,933 |
| Total assets | $114,867,848 |
| Accounts payable and accrued expenses | $3,236,732 |
| 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 | $65,330,535 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,992,651 |
| Total liabilities | $73,559,918 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $49,395 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,460,234 |
| Retained earnings, endowment, accumulated income, or other funds | $37,798,301 |
| Total liabilities and net assets/fund balances | $114,867,848 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Water Street Corporation New York, NY | $813,800,441 | $168,631,992 |
Adams Electric Cooperative Inc Gettysburg, PA | $218,291,432 | $70,869,610 |
Pioneer Rural Electric Cooperative Inc Piqua, OH | $137,811,122 | $72,827,818 |
Union Rural Electric Co-Op Inc Marysville, OH | $107,663,886 | $61,032,798 |
Licking Rural Electrification Inc Newark, OH | $316,474,567 | $64,454,016 |
Consolidated Cooperative Mt Gilead, OH | $135,336,279 | $58,791,301 |
Paulding-Putnam Electric Cooperative Inc Paulding, OH | $113,731,744 | $45,501,402 |
Hancock-Wood Electric Cooperative North Baltimore, OH | $133,031,141 | $50,854,119 |
Buckeye Rural Electric Co-Op Inc Rio Grande, OH | $133,098,121 | $42,883,645 |
Lorain-Medina Rural Electric Coop Inc Wellington, OH | $103,003,393 | $43,488,454 |
Licking Rural Electrification Inc Newark, OH | $102,878,890 | $42,243,182 |
Guernsey-Muskingum Electric Coop New Concord, OH | $95,596,998 | $38,264,005 |