Brazos Electric Power Cooperative Inc

Brazos Electric Power Cooperative Inc Overview

Brazos Electric Power Cooperative Inc is located in Waco, TX. The organization was established in 1969. 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 12/2019, Brazos Electric Power Cooperative Inc employed 418 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brazos Electric Power 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 12/2019, Brazos Electric Power Cooperative Inc generated $1.1b in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $1.1b during the year ending 12/2019. While expenses have increased by 3.4% per year over the past 5 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

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE VALUED SERVICE TO OUR MEMBERS AND CUSTOMERS BY GENERATING, PROCURING, AND TRANSMITTING RELIABLE POWER AT THE LOWEST COST.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BRAZOS ELECTRIC POWER COOPERATIVE WAS FORMED FOR THE PURPOSE OF FURNISHING DEPENDABLE AND ECONOMICAL WHOLESALE ELECTRIC POWER AND ENERGY FOR RURAL ELECTRIC DISTRIBUTION COOPERATIVES. BRAZOS SERVES SIXTEEN MEMBER COOPS AND ONE MUNICIPALITY.


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Brazos Electric Power Cooperative Inc Board, Officers & Key Employees

Name (title)Compensation
Clifton Karnei
Executive VP & General Manager
$1,026,469
Khaki Bordovsky
Vp- Services
$394,285
Johnny York
VP - Transmission
$385,846
Joshua Clevenger
VP - Power Supply
$357,382
Travis Thrall
VP - Generation
$266,447
Shari Heino
Chief Compliance Officer
$228,388

Brazos Electric Power Cooperative Inc Vendors

Vendor Name (Service)Compensation
Siemens Energy Inc
Generation Maint.
$7,745,478
Hargrave Power Inc
Transmission Constr.
$9,245,128
Primoris Td Services Llc
Transmission Constr.
$7,382,224
Cooke Power Services
Transmission Constr.
$5,983,048
General Electric International
Generation Maint.
$6,698,846
View All Vendors

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$1,044,787,128
Investment income $16,449,202
Tax Exempt Bond Proceeds $0
Royalties $420,028
Net Rental Income $177,516
Net Gain/Loss on Asset Sales $341,948
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,062,175,830

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