Central Rural Electric Cooperative

Organization Overview

Central Rural Electric Cooperative is located in Stillwater, OK. The organization was established in 1939. 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, Central Rural Electric Cooperative employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Rural 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, Central Rural Electric Cooperative generated $61.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $63.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. 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

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SALE OF ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 23,212 ACTIVE SERVICES AT YEAR END.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Conexon Llc
Construction
$2,991,114
Riggs Tree Service Inc
Tree Clearing
$2,615,055
Osmose Utilities Services Inc
Pole Inspection & Restoration
$1,677,891
Ervin Cable Construction
Construction
$7,650,112
Mdr Construction
Construction
$7,273,922
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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$60,777,648
Investment income $142,183
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $73,635
Net Gain/Loss on Asset Sales $115,148
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $16
Miscellaneous Revenue$0
Total Revenue $61,684,585

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