A & N Electric Cooperative
- Assets
- $203.9m
- Revenue
- $76.2m
- Investments
- $0.0
- Employees
- 88
- Location
- Tasley, VA
- Founding
- 04/1956
- Data as of
- 12/2021
- EIN
- 54-0116855
Organization Overview
A & N Electric Cooperative is located in Tasley, VA. The organization was established in 1956. 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, A & N Electric Cooperative employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. A & N Electric Cooperative 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, A & N Electric Cooperative generated $76.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $76.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) 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
SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO MEMBERS OF THE COOPERATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF A & N ELECTRIC COOPERATIVE. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER 49,210,508 DEPRECIATION 6,936,372 SALARIES AND WAGES 6,739,449
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Belvin Williamson Jr President & | Officer | 50 | $317,816 |
Roger Blizzard VP Hr & Empl | 40 | $176,584 | |
Todd Bireley VP Ops & Tec | 50 | $175,174 | |
Jose C Molina-Bravo Director, Te | 40 | $153,298 | |
Kenneth E Thornton Serviceman | 57 | $150,373 | |
Dana Penney Director, Ac | 40 | $148,763 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rock Creek Line Const | 12/30/21 | $896,665 |
Lucas Utilities Underground | 12/30/21 | $757,597 |
Asplundh Row Clearing | 12/30/21 | $1,095,035 |
Pike Enineering Llc Engineering | 12/30/21 | $1,035,311 |
Pike Electric Construction | 12/30/21 | $864,041 |
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 | $75,609,722 |
| Investment income | $93,667 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $528,774 |
| 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 | $76,232,163 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,480 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,631,169 |
| Compensation of current officers, directors, key employees. | $1,032,022 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,739,449 |
| Pension plan accruals and contributions | $827,249 |
| Other employee benefits | $161,551 |
| Payroll taxes | $585,884 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,132 |
| 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 | $1,204,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,059 |
| Interest | $3,042,257 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,936,372 |
| Insurance | $0 |
| All other expenses | -$3,748,739 |
| Total functional expenses | $76,843,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,934 |
| Savings and temporary cash investments | $15,311,966 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,572,241 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,270,850 |
| Prepaid expenses and deferred charges | $452,397 |
| Net Land, buildings, and equipment | $146,566,898 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $23,426,977 |
| Intangible assets | $0 |
| Other assets | $3,289,420 |
| Total assets | $203,944,683 |
| Accounts payable and accrued expenses | $6,224,655 |
| 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 | $110,573,536 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,596,454 |
| Total liabilities | $124,394,645 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $79,550,038 |
| Total liabilities and net assets/fund balances | $203,944,683 |
Grants Awarded
Over the last fiscal year, A & N Electric Cooperative has awarded $24,480 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Tasley, VA PURPOSE: MEET MISSION STMT | $19,230 |
Norfolk, VA PURPOSE: COMMUNITY SUPPORT | $5,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Kentucky Power Cooperative Inc Winchester, KY | $3,550,114,968 | $954,101,068 |
Middle Tennessee Electric Membership Corporation Murfreesboro, TN | $972,885,002 | $816,151,968 |
Old Dominion Electric Cooperative Glen Allen, VA | $2,169,039,010 | $801,442,287 |
Northern Virginia Electric Co-Op Manassas, VA | $1,071,859,351 | $676,666,779 |
Kenergy Corp Henderson, KY | $260,651,880 | $473,591,627 |
Southern Maryland Electric Cooperative Inc Hughesville, MD | $1,114,931,504 | $461,053,058 |
Rappahannock Electric Cooperative Fredericksburg, VA | $1,043,159,165 | $419,807,187 |
Cumberland Electric Membership Corp Clarksville, TN | $559,882,187 | $327,722,843 |
Energyunited Electric Membership Corporation Statesville, NC | $513,896,783 | $280,523,963 |
Volunteer Energy Cooperative Decatur, TN | $369,462,846 | $270,037,507 |
Shenandoah Valley Electric Cooperative Inc Rockingham, VA | $571,380,010 | $240,751,246 |
Duck River Electric Membership Corporation Shelbyville, TN | $294,861,810 | $219,371,768 |