Enerstar Power Corp
- Assets
- $41.2m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 29
- Location
- Paris, IL
- Founding
- 10/1939
- Data as of
- 12/2022
- EIN
- 37-0258343
Organization Overview
Enerstar Power Corp is located in Paris, IL. The organization was established in 1939. 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, Enerstar Power Corp employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Enerstar Power Corp 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, Enerstar Power Corp generated $13.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $12.8m during the year ending 12/2022. While expenses have increased by 0.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENERSTAR ELECTRIC COOPERATIVE EXISTS TO RELIABLY DISTRIBUTE AFFORDABLE ELECTRICITY TO ITS MEMBER-OWNERS WHILE UPHOLDING OUR VALUES OF INTEGRITY, ACCOUNTABILITY, AND COMMITMENT TO OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COST OF WHOLESALE POWER PURCHASE AND DELIVERY FOR RESALE TO APPROXIMATELY 5,263 MEMBER-OWNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny Gard Chairman | OfficerTrustee | 4.34 | $8,150 |
Darin L Griffin Board Member | Trustee | 1.01 | $5,675 |
Granville Colvin Board Member | Trustee | 2.61 | $4,575 |
Gregory T Robinson Secretary/treasurer | OfficerTrustee | 2.11 | $5,675 |
Jeff Zimmerman Vice Chairman | OfficerTrustee | 3.48 | $5,875 |
Kevin R Julian Board Member | Trustee | 3.38 | $8,968 |
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 | $13,329,805 |
| Investment income | -$319,510 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $58,241 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,373,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,602 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $280,151 |
| Compensation of current officers, directors, key employees. | $480,063 |
| Compensation of current officers, directors, key employees. | $480,063 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,423 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,330 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $83,089 |
| 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 | $34,351 |
| Interest | $584,132 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,258,468 |
| Insurance | $71,461 |
| All other expenses | $157,636 |
| Total functional expenses | $12,766,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,750,513 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $722,579 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $76,693 |
| Inventories for sale or use | $506,951 |
| Prepaid expenses and deferred charges | $890,213 |
| Net Land, buildings, and equipment | $29,568,157 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $7,692,774 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $41,207,880 |
| Accounts payable and accrued expenses | $1,325,360 |
| Grants payable | $0 |
| Deferred revenue | $442,946 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $13,948,577 |
| Other liabilities | $3,806,837 |
| Total liabilities | $19,523,720 |
| 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 | $1,548,513 |
| Retained earnings, endowment, accumulated income, or other funds | $20,135,647 |
| Total liabilities and net assets/fund balances | $41,207,880 |