C & L Electric Cooperative Corporation

Organization Overview

C & L Electric Cooperative Corporation is located in Star City, AR. The organization was established in 1940. 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, C & L Electric Cooperative Corporation employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. C & L Electric Cooperative Corporation 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, C & L Electric Cooperative Corporation generated $49.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $45.9m during the year ending 12/2021. While expenses have increased by 2.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SALES OF ELECTRICITY TO RURAL MEMBERS OF THE COOPERATIVE AND MAINTAIN THE DISTRIBUTION POWER LINES IN THE SERVICE AREA

Describe the Organization's Program Activity:

Part 3 - Line 4a

PURCHASE, DISTRIBUTION AND SALE OF ELECTRICITY TO RURAL MEMBERS, MEMBERS SERVED - 15,138


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pike Electric Llc
Construction
$479,665
Kenny's Dozer Service Inc
Right Of Way
$471,505
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,576,200
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$1,576,200
Total Program Service Revenue$46,768,566
Investment income $679,801
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $129,959
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 $267
Miscellaneous Revenue$0
Total Revenue $49,154,793

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