Ckenergy Electric Cooperative Inc
- Assets
- $210.4m
- Revenue
- $87.2m
- Investments
- $0.0
- Employees
- 106
- Location
- Binger, OK
- Founding
- Data as of
- 12/2023
- EIN
- 47-4815587
Organization Overview
Ckenergy Electric Cooperative Inc is located in Binger, OK. As of 12/2023, Ckenergy Electric Cooperative Inc employed 106 individuals. Ckenergy Electric Cooperative Inc 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 12/2023, Ckenergy Electric Cooperative Inc generated $87.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $87.2m during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 27,122 ACTIVE SERVICES AT YEAR END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Brewster Trustee | Trustee | 4.9 | $15,572 |
Walter Hrbacek Trustee | Trustee | 5.5 | $18,101 |
Scott Klingman Trustee | Trustee | 8.5 | $21,500 |
Greg Little Vice President | OfficerTrustee | 6.7 | $27,762 |
Don Payne Trustee | Trustee | 6.2 | $37,525 |
Fred Reuter Secretary | OfficerTrustee | 4.6 | $14,509 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
R&r Powerline Construction Inc Line Construction | 12/30/23 | $1,249,828 |
Riggs Tree Service Operating Company Llc Tree Removal | 12/30/23 | $780,264 |
Ferreira Construction Co Inc Line Construction | 12/30/23 | $427,668 |
Hudson Trenching Services Inc Boring | 12/30/23 | $371,214 |
Custom Energy Services Inc Line Construction | 12/30/23 | $265,452 |
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 | $86,206,547 |
| Investment income | $781,429 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $27,612 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $178,857 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,022 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,206,342 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,985 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $6,534,347 |
| Compensation of current officers, directors, key employees. | $1,804,509 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,183,058 |
| Pension plan accruals and contributions | $1,302,634 |
| Other employee benefits | $2,231,607 |
| Payroll taxes | $568,601 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| 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 | $0 |
| Interest | $3,720,901 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,413,602 |
| Insurance | $0 |
| All other expenses | $2,656,430 |
| Total functional expenses | $87,206,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,800,418 |
| Savings and temporary cash investments | $9,901,671 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,773,664 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $159,791 |
| Inventories for sale or use | $2,037,569 |
| Prepaid expenses and deferred charges | $400,793 |
| Net Land, buildings, and equipment | $153,137,028 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $33,058,426 |
| Intangible assets | $0 |
| Other assets | $3,087,987 |
| Total assets | $210,357,347 |
| Accounts payable and accrued expenses | $7,693,190 |
| 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 | $114,439,402 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,703,603 |
| Total liabilities | $131,836,195 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $79,305 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $78,441,847 |
| Total liabilities and net assets/fund balances | $210,357,347 |