Jo-Carrol Energy Inc Nfp
- Assets
- $166.8m
- Revenue
- $66.0m
- Investments
- $0.0
- Employees
- 112
- Location
- Elizabeth, IL
- Founding
- 02/1943
- Data as of
- 12/2022
- EIN
- 36-1284865
Organization Overview
Jo-Carrol Energy Inc Nfp is located in Elizabeth, IL. 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 12/2022, Jo-Carrol Energy Inc Nfp employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jo-Carrol Energy Inc Nfp 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, Jo-Carrol Energy Inc Nfp generated $66.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $66.6m during the year ending 12/2022. While expenses have increased by 0.1% 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
JO-CARROLL ENERGY, INC (NFP) IS AN ELECTRIC,NATURAL GAS AND BROADBAND/FIBER DISTRIBUTION COOPERATIVE THAT EXISTS TO ENHANCE THE QUALITY OF LIFE FOR OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JO-CARROLL ENERGY, INC (NFP) IS AN ELECTRIC, NATURAL GAS AND BROADBAND/FIBER DISTRIBUTION COOPERATIVE ORGANIZED UNDER THE LAW OF ILLINOIS. THE COOPERATIVE PROVIDES ELECTRIC SERVICE TO 19,677 METERS PER MONTH; NATURAL GAS TO 5,806 METERS PER MONTH; AND BROADBAND/ FIBER TO 4,540 SUBSCRIBERS PER MONTH.
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 |
|---|---|---|---|
Michael Casper President & CEO | Officer | 40 | $350,071 |
Kyle Buros Sr. VP & COO | Officer | 40 | $196,712 |
Charles Woods Vice President & CFO | Officer | 40 | $184,651 |
Brad Edler Director Of Engineering | 40 | $157,197 | |
Meredith Sevey VP Of Human Resources | 40 | $147,525 | |
Jennifer Meyer VP Of Member Services | 40 | $147,100 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wolf Line Construction Co Fiber Construction | 12/30/22 | $4,042,685 |
Zielies Tree Service Inc Right Of Way Clearin | 12/30/22 | $1,484,437 |
Key Builders Construction Inc Construction | 12/30/22 | $1,021,345 |
Ryan Thurin Excavating Llc Boring / Excavating | 12/30/22 | $1,002,395 |
Vantage Point Solutions Inc Consulting | 12/30/22 | $677,841 |
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 | $65,677,604 |
| Investment income | $17,927 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,764 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,042,694 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $114,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,454,950 |
| Compensation of current officers, directors, key employees. | $1,723,929 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,298,912 |
| Pension plan accruals and contributions | $2,359,664 |
| Other employee benefits | $2,805,013 |
| Payroll taxes | $669,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $116,192 |
| Fees for services: Accounting | $66,109 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $717,718 |
| Advertising and promotion | $333,996 |
| Office expenses | $234,926 |
| Information technology | $561,692 |
| Royalties | $0 |
| Occupancy | $632,871 |
| Travel | $88,216 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $155,667 |
| Interest | $4,108,217 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,980,935 |
| Insurance | $423,186 |
| All other expenses | $0 |
| Total functional expenses | $66,631,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,721,269 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,404,063 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,293 |
| Inventories for sale or use | $5,950,173 |
| Prepaid expenses and deferred charges | $6,861,054 |
| Net Land, buildings, and equipment | $129,906,739 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $17,927,810 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $166,773,401 |
| Accounts payable and accrued expenses | $7,454,716 |
| 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 | $112,325,353 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,427,085 |
| Total liabilities | $126,207,154 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $11,097,667 |
| Retained earnings, endowment, accumulated income, or other funds | $29,468,580 |
| Total liabilities and net assets/fund balances | $166,773,401 |
Grants Awarded
Over the last fiscal year, Jo-Carrol Energy Inc Nfp has awarded $173,943 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TCEDA (TRI-COUNTY ECONOMIC DEVELOPMENT ALLIANCE) PURPOSE: ECONOMIC DEVELOPMENT | $100,679 |
TCEDA (TRI-COUNTY ECONOMIC DEVELOPMENT ALLIANCE PURPOSE: ECONOMIC DEVELOPMENT | $73,264 |