Indiana Statewide Association Of Rural Electrics Cooperatives Inc

Organization Overview

Indiana Statewide Association Of Rural Electrics Cooperatives Inc, operating under the name Indiana Electric Cooperatives, is located in Indianapolis, IN. The organization was established in 1981. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Indiana Electric Cooperatives employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Electric Cooperatives is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Indiana Electric Cooperatives generated $8.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $8.3m during the year ending 12/2021. While expenses have increased by 2.8% 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

PROVIDING SERVICES TO RURAL ELECTRIC MEMBERSHIP COOPERATIVES

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING SERVICES TO RURAL ELECTRIC MEMBERSHIP COOPERATIVES.


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Board, Officers & Key Employees

Name (title)Compensation
John Gasstrom
CEO
$277,017
Deirdre Tiernan
CFO
$206,055
Michael Brenner
Employee
$179,322
Jon Elkins
Employee
$160,623
Corey Willis
Former Employee
$153,702
Amanda Barth
Employee
$144,102

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lsc Communications
Printing Services
$720,665
Indiana Railroad
Sublease Of Office Space
$374,181
Nreca
Pension,401k, Health, Ltd And Life
$1,127,340
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$8,850,121
Investment income $5,492
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $15,100
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,918,869

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Indiana Statewide Association Of Rural Electrics Cooperatives Inc has recieved totaling $54,600.

Awarding OrganizationAmount
National Rural Utilities Cooperative Finance Corp

Dulles, VA

PURPOSE: EDUCATIONAL FUND-EDUCATIONAL RESOURCES AND MEMBER EDUCATION

$54,600
View Grant Recipient Profile

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