Tennessee Electric Co-Op Assn
- Assets
- $3.7m
- Revenue
- $7.5m
- Investments
- $225.8k
- Employees
- 13
- Location
- Nashville, TN
- Founding
- 06/1978
- Data as of
- 06/2022
- EIN
- 62-0461397
Organization Overview
Tennessee Electric Co-Op Assn is located in Nashville, TN. The organization was established in 1978. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Tennessee Electric Co-Op Assn employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Electric Co-Op Assn is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Tennessee Electric Co-Op Assn generated $7.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $7.9m during the year ending 06/2022. While expenses have increased by 3.4% 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
TO PROVIDE INFORMATION, SERVICES, AND SUPPORT TO THE INTERESTS OF RURAL ELECTRIC COOPERATIVES IN TENNESSEE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MAGAZINE TO 22 COOPERATIVES AND ONE MUNICIPAL WITH A CIRCULATION OF ABOUT 684,000 HOMES AND BUSINESSES IN RURAL AREAS. PROVIDES EDUCATIONAL INFORMATION REGARDING THE COOPERATIVES AND ELECTRICITY
SPONSOR A YOUTH ESSAY CONTEST ABOUT RURAL ELECTRICITY TO COOPERATIVE MEMBERS WITH WINNERS EARNING A TOUR TO WASHINGTON D.C.
PROVIDE A JOB TRAINING AND SAFETY EDUCATIONAL PROGRAM TO EMPLOYEES OF MEMBER COOPERATIVES
SPONSOR ANNUAL CONFERENCES TO UPDATE MEMBERS ON ISSUES FACING ELECTRIC COOPERATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Callis Excecutive VP And Gm | Officer | 60 | $270,224 |
Michael Knotts Director Of Government Aff | 50 | $160,107 | |
Robin Conover VP Of Communications/edito | 40 | $127,593 | |
Amy Jordan Controller | Officer | 40 | $121,231 |
Trent Scott Vice President Of Corporat | 40 | $111,859 | |
James T Blocker Vice President Of Member R | 40 | $110,139 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tennessee College Of Applied Technology Job Training And Sfty Prgrms For Ee | 6/29/22 | $836,211 |
Bass Berry & Sims Plc Legal Fees | 6/29/22 | $189,599 |
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 | $43,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,000 |
| Total Program Service Revenue | $7,362,280 |
| Investment income | $21,006 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $40,983 |
| Net Gain/Loss on Asset Sales | $2,400 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,501,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,950 |
| Grants and other assistance to domestic individuals. | $100,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,215,548 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $330,390 |
| Pension plan accruals and contributions | $127,181 |
| Other employee benefits | $184,965 |
| Payroll taxes | $84,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $311,047 |
| Fees for services: Accounting | $12,250 |
| Fees for services: Lobbying | $110,655 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $72,948 |
| Advertising and promotion | $52,715 |
| Office expenses | $123,536 |
| Information technology | $69,026 |
| Royalties | $0 |
| Occupancy | $90,772 |
| Travel | $122,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $527,424 |
| Interest | $21,863 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $97,915 |
| Insurance | $25,058 |
| All other expenses | $131,655 |
| Total functional expenses | $7,944,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,271 |
| Savings and temporary cash investments | $158,222 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $445,887 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $182,923 |
| Net Land, buildings, and equipment | $2,576,781 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $225,753 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$20,657 |
| Total assets | $3,724,180 |
| Accounts payable and accrued expenses | $776,328 |
| Grants payable | $0 |
| Deferred revenue | $532,937 |
| 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 | $71,493 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,380,758 |
| Net assets without donor restrictions | $2,343,422 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,724,180 |
Grants Awarded
Over the last fiscal year, Tennessee Electric Co-Op Assn has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TCAT MURFREESBORO PURPOSE: CHARITABLE ASSISTANCE | $25,000 |
Chapel Hill, TN PURPOSE: CHARITABLE ASSISTANCE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Federal Credit Unions Inc Arlington, VA | $31,185,033 | $18,837,903 |
National Telecommunications Cooperative Association Arlington, VA | $35,978,919 | $14,734,223 |
Nreca International Ltd Arlington, VA | $16,103,141 | $13,958,230 |
Georgia Electric Membership Corporation Tucker, GA | $11,625,229 | $14,888,867 |
Tennessee Electric Co-Op Assn Nashville, TN | $3,724,180 | $7,501,409 |
Telecommunications Industry Association Arlington, VA | $9,432,322 | $8,404,450 |
Tennessee Valley Public Power Assocation Inc Chattanooga, TN | $38,455,755 | $10,938,894 |
National Motor Freight Traffic Association Inc Alexandria, VA | $59,067,846 | $11,675,986 |
Missouri One-Call Systems Inc Jefferson City, MO | $6,160,776 | $7,371,611 |
Alabama Rural Electric Association Of Cooperatives Montgomery, AL | $6,685,824 | $6,922,697 |
Utilities Telecom Council Arlington, VA | $3,126,193 | $5,234,143 |
The National Association Of State Energy Officials Arlington, VA | $3,856,099 | $4,618,696 |