Electrical Cooperatives Of Southern Illinois Ibew 702
- Assets
- $104.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Frankfort, IL
- Founding
- 10/1991
- Data as of
- 04/2022
- EIN
- 37-1280384
Organization Overview
Electrical Cooperatives Of Southern Illinois Ibew 702 is located in West Frankfort, IL. The organization was established in 1991. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Electrical Cooperatives Of Southern Illinois Ibew 702 is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 04/2022, Electrical Cooperatives Of Southern Illinois Ibew 702 generated $93.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $79.1k during the year ending 04/2022. While expenses have increased by 3.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE LINEMAN TRAINING AND EDUCATION TO APPRENTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Hope Trustee | 1 | $0 | |
Todd Thurston Trustee | 1 | $0 | |
Andy Sweat Trustee | 1 | $0 | |
Jeremy Thies Trustee | 1 | $0 | |
Aaron Stover Trustee | 1 | $0 | |
Thomas Flannigan Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $93,002 |
| Membership dues | $0 |
| Investment income | $23 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $154 |
| Total Revenue | $93,179 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,580 |
| Professional fees and other payments to independent contractors | $2,600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $57,893 |
| Total expenses | $79,073 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $93,031 |
| Other assets | $0 |
| Total assets | $104,320 |
| Total liabilities | $3,183 |
| Net assets or fund balances | $101,137 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Illinois Electrical Coop Carthage, IL | $25,735,291 | $9,998,239 |
Taylor Electric Cooperative Medford, WI | $26,668,317 | $9,925,424 |
Grundy County Rural Electric Cooperative Grundy Center, IA | $25,480,735 | $9,712,208 |
Woodbury Co Rural Electric Cooperative Moville, IA | $29,447,926 | $9,801,005 |
Franklin Rural Electric Coop Hampton, IA | $19,806,688 | $8,127,748 |
Richland Electric Cooperative Richland Center, WI | $27,318,323 | $8,213,321 |
Howard Electric Cooperative Fayette, MO | $26,616,692 | $7,850,430 |
Pella Cooperative Electric Association Pella, IA | $28,046,134 | $7,320,362 |
Association Of Illinois Electric Cooperatives Springfield, IL | $4,402,865 | $7,211,170 |
Clay Electric Cooperative Inc Flora, IL | $20,856,382 | $7,990,658 |
Osceola Electric Cooperative Inc Sibley, IA | $18,189,667 | $7,106,487 |
Newton County Rural Electric Membership Corporation Goodland, IN | $10,973,742 | $7,247,740 |