Rural Electric Co Op Inc

Organization Overview

Rural Electric Co Op Inc is located in Lindsay, OK. The organization was established in 0000. 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, Rural Electric Co Op Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rural Electric Co Op 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 12/2021, Rural Electric Co Op Inc generated $48.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $46.7m during the year ending 12/2021. While expenses have increased by 2.9% 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

TO PROVIDE ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 12,282 ACTIVE SERVICES AT YEAR END.


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Board, Officers & Key Employees

Name (title)Compensation
Freddy Ricks
CEO
$242,938
Linda Ray
CFO
$182,425
Alton Brown
Lineman
$116,257
S J Mays
Operations Manager
$110,010
David Crull
Line Superintendent
$105,762
Jason Brown
Saftey Manager
$104,490

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Varnell's Powerline Construction Co In
Construction Contractor
$816,389
Davey Resource Group
Utility Consulting Services
$827,010
Mark's Electric Construction Inc
Construction Contractor
$241,473
Apex Row Llc
Herbicide Sprayer
$268,042
Davey Tree Surgery Company
Tree Trimming
$1,182,063
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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$46,683,859
Investment income $69,120
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $4,576
Net Gain/Loss on Asset Sales $18,821
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$52
Miscellaneous Revenue$0
Total Revenue $47,989,459

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