Niobrara Electric Association Inc
- Assets
- $30.1m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 32
- Location
- Lusk, WY
- Founding
- 06/1955
- Data as of
- 12/2021
- EIN
- 83-0164125
Organization Overview
Niobrara Electric Association Inc is located in Lusk, WY. The organization was established in 1955. 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, Niobrara Electric Association Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Niobrara Electric Association 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, Niobrara Electric Association Inc generated $12.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $12.6m during the year ending 12/2021. While expenses have increased by 1.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RURAL ELECTRIFICATION WITHIN THE COOPERATIVE'S SERVICE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALE OF ELECTRIC ENERGY TO RURAL CUSTOMERS IN SPARSELY POPULATED AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Bridge Jr Operations Mgr. | Officer | 43 | $110,724 |
Jason B Fish Line Supt. | 42 | $106,483 | |
Justin J Huston Ne Line Foreman | 43 | $101,795 | |
William Smith Meter Technician | 44 | $101,630 | |
Shawna Glendy General Manager | Officer | 42 | $83,065 |
John Hester President | OfficerTrustee | 4 | $1,275 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ward Electric Company Line Construction | 12/30/20 | $1,124,830 |
Besler Inc Substation Services | 12/30/20 | $230,030 |
Esc Engineering Engineering | 12/30/20 | $492,946 |
Interstate Electrical Contractors Inc Construction/testing | 12/30/20 | $536,338 |
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 | $12,005,058 |
| Investment income | $285,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,183 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,306,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,418 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,487,579 |
| Compensation of current officers, directors, key employees. | $348,856 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,366,425 |
| Pension plan accruals and contributions | $247,815 |
| Other employee benefits | $364,006 |
| Payroll taxes | $132,387 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,609 |
| Fees for services: Accounting | $14,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,831 |
| Office expenses | $77,174 |
| Information technology | $62,823 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,234 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,436 |
| Interest | $323,862 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $845,464 |
| Insurance | $55,642 |
| All other expenses | -$2,343,739 |
| Total functional expenses | $12,590,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $660,309 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,503,792 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $956,789 |
| Prepaid expenses and deferred charges | $166,250 |
| Net Land, buildings, and equipment | $20,175,535 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,601,797 |
| Intangible assets | $0 |
| Other assets | $3,186 |
| Total assets | $30,067,658 |
| Accounts payable and accrued expenses | $879,191 |
| 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 | $7,654,800 |
| Unsecured mortgages and notes payable | $834,315 |
| Other liabilities | $304,129 |
| Total liabilities | $9,672,435 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $5,725 |
| Paid-in or capital surplus, or land, building, or equipment fund | $18,648,600 |
| Retained earnings, endowment, accumulated income, or other funds | $1,740,898 |
| Total liabilities and net assets/fund balances | $30,067,658 |
Grants Awarded
Over the last fiscal year, Niobrara Electric Association Inc has awarded $32,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SILVER SPRINGS CENTER FOR EXC | | | $25,000 |
Harrison, NE | | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Y W Electric Association Inc Colorado Rea 38 Akron, CO | $130,403,627 | $47,254,335 |
Dixie Escalante Rural Beryl, UT | $171,660,221 | $52,285,597 |
Morgan County Rural Electric Association Fort Morgan, CO | $104,279,755 | $45,102,816 |
San Luis Valley Rural Electric Cooperative Inc Monte Vista, CO | $146,227,571 | $40,584,660 |
Mountain Parks Electric Inc Granby, CO | $112,547,054 | $41,154,955 |
West River Electric Association Inc Wall, SD | $136,764,788 | $38,874,089 |
Yellowstone Valley Electric Cooperative Inc Huntley, MT | $80,881,351 | $39,379,515 |
Southeast Colorado Power Association La Junta, CO | $108,651,331 | $38,826,688 |
Grand Valley Rural Power Lines Inc Grand Junction, CO | $88,238,396 | $34,734,443 |
San Miguel Power Association Inc Nucla, CO | $92,922,592 | $33,342,574 |
Fall River Rural Electric Cooperative Inc Ashton, ID | $121,834,255 | $35,032,975 |
Midwest Electric Cooperative Corporation Grant, NE | $80,947,030 | $30,806,010 |