Powder River Energy Corporation

Organization Overview

Powder River Energy Corporation is located in Sundance, WY. The organization was established in 1956. 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, Powder River Energy Corporation employed 140 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Powder River Energy Corporation 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, Powder River Energy Corporation generated $160.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $160.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.5%) 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

DISTRIBUTES ELECTRIC SERVICE TO RURAL CUSTOMERS IN NORTHEAST WYOMING AND SOUTHEASTERN MONTANA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PRIMARY FUNCTION OF POWDER RIVER ENERGY CORPORATION, A NONPROFIT COOPERATIVE ORGANIZATION, IS THE DISTRIBUTION OF ELECTRICITY TO ITS 12,686 MEMBER-OWNERS UNDER 501 (C) (12). IN 2021, THE COMPANY SOLD ITS MEMBER-OWNERS 1,887,771,550 KWH OF ELECTRICITY WITH A PEAK CONICIDENT LOAD OF 313,579 KW IN DECEMBER. THE COMPANY ADDED ROUGHLY $15 MILLION IN UTILITY PLANT IN ORDER TO EXTEND AND IMPROVE SERVICE.


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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$159,494,404
Investment income $499,888
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $5,510
Net Gain/Loss on Asset Sales $24,286
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $160,024,088

Grants Awarded

Over the last fiscal year, Powder River Energy Corporation has awarded $54,028 in support to 2 organizations.

Grant RecipientAmount

POWDER RIVER ENERGY CORPORATION FOUNDATION

Org PageRecipient Profile

Sundance, WY

PURPOSE: CHARITABLE DONATION

$40,278

CROOK CO MUSEUM DISTRICT

Org PageRecipient Profile

Sundance, WY

PURPOSE: CHARITABLE DONATION

$13,750
View Grant Profile

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