Cookson Hills Electric Cooperative Inc
- Assets
- $153.5m
- Revenue
- $41.8m
- Investments
- -$1.0m
- Employees
- 77
- Location
- Stigler, OK
- Founding
- 03/1959
- Data as of
- 12/2022
- EIN
- 73-0543457
Organization Overview
Cookson Hills Electric Cooperative Inc is located in Stigler, OK. The organization was established in 1959. 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 12/2022, Cookson Hills Electric Cooperative Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cookson Hills Electric Cooperative 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 12/2022, Cookson Hills Electric Cooperative Inc generated $41.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $41.4m during the year ending 12/2022. While expenses have increased by 3.5% 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 ELECTRIC POWER TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALES OF ELECTRIC ENERGY TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 18,732 ACTIVE SERVICES AT YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Ogle President | OfficerTrustee | 7 | $32,276 |
Rocky Woods Vice President | OfficerTrustee | 6.2 | $33,138 |
Ronnie Pevehouse Secretary/treasurer | OfficerTrustee | 3.8 | $32,062 |
John Dillard Trustee | Trustee | 5.3 | $23,590 |
Dart Drummonds Trustee | Trustee | 4.2 | $11,202 |
Dan Callahan Trustee | Trustee | 0.6 | $9,192 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mdr Construction Line Construction & Maintenance | 12/30/22 | $7,342,672 |
Conexon Fiber Project/splice | 12/30/22 | $2,705,628 |
P&f Engineering Fiber Drop | 12/30/22 | $2,484,323 |
West Tree Service Inc Right A Way | 12/30/22 | $1,285,438 |
Ervin Cable Mainline Fiber | 12/30/22 | $6,016,159 |
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 | $40,279,329 |
| Investment income | $366,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,968 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,827,049 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,761 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,105,965 |
| Compensation of current officers, directors, key employees. | $959,215 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,114,936 |
| Pension plan accruals and contributions | $364,586 |
| Other employee benefits | $894,334 |
| Payroll taxes | $239,919 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,771,965 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,119,852 |
| Insurance | $0 |
| All other expenses | $495,265 |
| Total functional expenses | $41,426,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,221,440 |
| Savings and temporary cash investments | $9,082,642 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,546,577 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,682,131 |
| Inventories for sale or use | $6,249,313 |
| Prepaid expenses and deferred charges | $102,136 |
| Net Land, buildings, and equipment | $103,173,694 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | -$1,003,954 |
| Investments—program-related | $20,706,228 |
| Intangible assets | $0 |
| Other assets | $1,768,715 |
| Total assets | $153,528,922 |
| Accounts payable and accrued expenses | $8,444,957 |
| 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 | $89,904,691 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,861,480 |
| Total liabilities | $104,211,128 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $85,210 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,828,685 |
| Retained earnings, endowment, accumulated income, or other funds | $46,403,899 |
| Total liabilities and net assets/fund balances | $153,528,922 |