Jo-Carrol Energy Inc Nfp
- Assets
- $155.7m
- Revenue
- $62.5m
- Investments
- $0.0
- Employees
- 104
- Location
- Elizabeth, IL
- Founding
- 02/1943
- Data as of
- 12/2021
- 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 12/2021, Jo-Carrol Energy Inc Nfp employed 104 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 12/2021, Jo-Carrol Energy Inc Nfp generated $62.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $63.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. 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
JO-CARROLL ENERGY, INC IS AN ELECTRIC NATURAL GAS AND BROADBAND/FIBER DISTRIBUTION COOPERATIVE. JO-CARROLL ENERGY,INC (NFP) EXISTS TO ENHANCE THE QUALITY OF LIFE FOR OUR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
JO-CARROLL ENERGY IS AN ELECTRIC, NATURAL GAS AND BROADBAND/FIBER DISTRIBUTION COOPERATIVE ORGANIZED UNDER THE LAW OF ILLINOIS. THE COOPERATIVE PROVIDES ELECTRIC SERVICE TO 19,681 METERS PER MONTH; NATURAL GAS TO 5,802 METERS PER MONTH; AND BROADBAND/ FIBER TO 3,693 SUBSCRIBERS PER MONTH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Casper President & CEO | Officer | 40 | $340,623 |
Kyle Buros Sr. VP & Assistant Gm | Officer | 40 | $189,516 |
Charles Woods Vice President & CFO | Officer | 40 | $178,145 |
Brad Edler Director Of Engineering | 40 | $151,787 | |
Meredith Sevey VP Of Human Resources | 40 | $140,587 | |
Jennifer Meyer VP Of Member Services | 40 | $138,048 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Down To Earth Medica Inc Boring | 12/30/21 | $1,119,896 |
Elite Tree Service R.o.w. Clearing | 12/30/21 | $1,095,619 |
Jj Vondrum Sons Llc Fiber Construction | 12/30/21 | $1,604,717 |
Ryan Thurin Excavating Llc Boring / Excavating | 12/30/21 | $824,567 |
Eilertson Inc Substation / Maint. | 12/30/21 | $401,828 |
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 | $62,261,200 |
| Investment income | $17,145 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,600 |
| Net Gain/Loss on Asset Sales | -$12,192 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,457,846 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $114,525 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,017,183 |
| Compensation of current officers, directors, key employees. | $1,514,794 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,800,250 |
| Pension plan accruals and contributions | $2,139,935 |
| Other employee benefits | $2,243,688 |
| Payroll taxes | $611,626 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,210 |
| Fees for services: Accounting | $46,463 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $689,104 |
| Advertising and promotion | $259,890 |
| Office expenses | $196,306 |
| Information technology | $517,806 |
| Royalties | $0 |
| Occupancy | $605,165 |
| Travel | $32,015 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $115,668 |
| Interest | $3,996,508 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,716,062 |
| Insurance | $425,690 |
| All other expenses | $0 |
| Total functional expenses | $63,134,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,535,789 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,109,845 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,141 |
| Inventories for sale or use | $3,926,279 |
| Prepaid expenses and deferred charges | $10,114,371 |
| Net Land, buildings, and equipment | $119,994,098 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $16,035,971 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $155,735,494 |
| Accounts payable and accrued expenses | $6,145,029 |
| 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 | $105,590,935 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,694,866 |
| Total liabilities | $117,430,830 |
| 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 | $10,782,952 |
| Retained earnings, endowment, accumulated income, or other funds | $27,521,712 |
| Total liabilities and net assets/fund balances | $155,735,494 |
Grants Awarded
Over the last fiscal year, Jo-Carrol Energy Inc Nfp has awarded $173,943 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Hanover, IL PURPOSE: ECONOMIC DEVELOPMENT | $100,679 |
Hanover, IL PURPOSE: ECONOMIC DEVELOPMENT | $73,264 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northeastern Rural Electric Membership Corporation Columbia City, IN | $154,005,839 | $126,158,719 |
Salt River Electric Bardstown, KY | $187,060,575 | $114,408,015 |
Jackson Energy Cooperative Corporat Ion Inc Mckee, KY | $284,949,026 | $109,799,636 |
N W Electric Power Cooperative Inc Cameron, MO | $276,321,789 | $107,924,696 |
Northwest Iowa Power Cooperative Le Mars, IA | $209,144,882 | $97,805,529 |
Hendricks County Rural Electric Membership Corporation Danville, IN | $222,904,007 | $97,103,288 |
South Central Indiana Rural Electric Membership Corporation Martinsville, IN | $273,130,010 | $92,514,436 |
Northeast Missouri Electric Power Cooperative Palmyra, MO | $173,630,221 | $92,260,519 |
West Kentucky Rural Electric Cooperative Corporation Mayfield, KY | $175,044,197 | $94,020,746 |
Southeastern Illinois Electric Carrier Mills, IL | $211,832,578 | $85,978,289 |
Corn Belt Electric Cooperative Inc Bloomington, IL | $225,280,163 | $84,317,914 |
Nolin Rural Electric Cooperative Corporation Elizabethtown, KY | $169,060,241 | $80,995,142 |