Big Country Electric Cooperative Inc
- Assets
- $114.4m
- Revenue
- $49.7m
- Investments
- $0.0
- Employees
- 68
- Location
- Roby, TX
- Founding
- 06/1999
- Data as of
- 12/2022
- EIN
- 75-2791424
Organization Overview
Big Country Electric Cooperative Inc is located in Roby, TX. The organization was established in 1999. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 12/2022, Big Country Electric Cooperative Inc employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Country 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, Big Country Electric Cooperative Inc generated $49.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $49.8m during the year ending 12/2022. While expenses have increased by 6.9% per year over the past 8 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 QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.
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 13,377 ACTIVE SERVICES AT YEAR END.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Estes Director | Trustee | 3.8 | $13,600 |
Matt Mueller Director | Trustee | 2.3 | $13,385 |
Danny Helms Vice President | OfficerTrustee | 1.6 | $13,330 |
David Beaver Secretary/treasurer | OfficerTrustee | 2.9 | $13,135 |
Steve Moore President | OfficerTrustee | 2.5 | $13,000 |
Todd Coker Director | Trustee | 1.5 | $12,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Primary Utilities Distribution Work | 12/30/22 | $2,916,250 |
C&c Services Llc Distribution Work | 12/30/22 | $416,294 |
Recon-company Of Texas Distribution Work | 12/30/22 | $406,748 |
Sgs Engineering Inc System Engineering | 12/30/22 | $308,179 |
J Ferg Foam Inc Service | 12/30/22 | $240,528 |
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 | $49,526,484 |
| Investment income | $73,352 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,969 |
| Net Gain/Loss on Asset Sales | $45,877 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$80,821 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,687,059 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,084 |
| Grants and other assistance to domestic individuals. | $28,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $6,259,459 |
| Compensation of current officers, directors, key employees. | $1,508,344 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,435,200 |
| Pension plan accruals and contributions | $776,123 |
| Other employee benefits | $734,493 |
| Payroll taxes | $322,532 |
| 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 | $1,653,325 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,676,671 |
| Insurance | $0 |
| All other expenses | $407,930 |
| Total functional expenses | $49,757,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,001,864 |
| Savings and temporary cash investments | $1,578,624 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,487,741 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $33,000 |
| Inventories for sale or use | $1,387,102 |
| Prepaid expenses and deferred charges | $239,510 |
| Net Land, buildings, and equipment | $80,366,241 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $23,183,804 |
| Intangible assets | $0 |
| Other assets | $139,760 |
| Total assets | $114,417,646 |
| Accounts payable and accrued expenses | $6,096,026 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $46,147 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $43,201,098 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,228,070 |
| Total liabilities | $51,571,341 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $132,255 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $62,714,050 |
| Total liabilities and net assets/fund balances | $114,417,646 |