Egyptian Electric Cooperative Association
- Assets
- $107.5m
- Revenue
- $44.4m
- Investments
- $0.0
- Employees
- 48
- Location
- Murphysboro, IL
- Founding
- 04/1941
- Data as of
- 12/2022
- EIN
- 37-0259803
Organization Overview
Egyptian Electric Cooperative Association is located in Murphysboro, IL. The organization was established in 1941. 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, Egyptian Electric Cooperative Association employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Egyptian Electric Cooperative Association 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, Egyptian Electric Cooperative Association generated $44.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $46.1m during the year ending 12/2022. While expenses have increased by 2.1% 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
EECA'S MISSION IS TO PROVIDE ELECTRIC SERVICES TO APPROXIMATELY 15,000 MEMBERS/OWNERS IN A TEN COUNTY AREA OF SOUTHERN ILLINOIS SINCE ITS FOUNDING IN 1938.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EGYPTIAN ELECTRIC COOPERATIVE ASSOCIATION IS AN ELECTRIC DISTRIBUTION COOPERATIVE WHOSE PRIMARY MISSION IS TO PROVIDE RELIABLE AND COST EFFECTIVE ELECTRIC SERVICE TO APPROXIMATELY 15,000 MEMBER/OWNERS IN SOUTHERN ILLINOIS. THE REVENUE GENERATED FROM THE SALE OF ELECTRICITY TO ITS MEMBERS IS USED PRIMARILY TO PURCHASE WHOLESALE POWER FROM SOUTHERN ILLINOIS POWER COOPERATIVE, A GENERATION AND TRANSMISSION COOPERATIVE, AND TO PROVIDE THE NECESSARY DISTRIBUTION AND GENERAL PLANT FACILITIES TO DISTRIBUTE THAT ELECTRICITY TO ITS MEMBERS AND MAINTAIN THOSE FACILITIES AND SERVICE SUPPORT SYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael S Hermetz Executive Vice President/general Manager | Officer | 65 | $267,661 |
Brad Austin Engineering Manager | 50 | $133,971 | |
Jeremy Thies Operations Supervisor | 50 | $127,058 | |
Art Pontow Projects Manager | 50 | $146,255 | |
Dennis Luehr Projects Manager | 50 | $126,875 | |
Cody Lee Lineman-Foreman | 43.56 | $126,118 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mvma Inc Tree Trimming | 12/30/22 | $323,906 |
Association Of Illinois Electric Cooperatives Engineering/training | 12/30/22 | $268,064 |
Nisc Information Sys Technology | 12/30/22 | $305,226 |
Endrizzi Contracting Inc Tree Trimming | 12/30/22 | $988,819 |
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 | $42,770,661 |
| Investment income | $35,436 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,358,904 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,975,503 |
| Compensation of current officers, directors, key employees. | $722,215 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,587,876 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,517,801 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,673 |
| Fees for services: Accounting | $13,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $52,831 |
| Office expenses | $108,444 |
| 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 | $35,847 |
| Interest | $1,480,130 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,388,927 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $46,053,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,283,695 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,189,438 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,353,917 |
| Inventories for sale or use | $1,352,112 |
| Prepaid expenses and deferred charges | $448,433 |
| Net Land, buildings, and equipment | $69,421,682 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $27,399,010 |
| Intangible assets | $0 |
| Other assets | $8,883 |
| Total assets | $107,457,170 |
| Accounts payable and accrued expenses | $4,519,627 |
| 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 | $39,178,211 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,296,037 |
| Total liabilities | $53,993,875 |
| 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 | $6,625 |
| Retained earnings, endowment, accumulated income, or other funds | $53,456,670 |
| Total liabilities and net assets/fund balances | $107,457,170 |