Colorado Rural Electric Association Inc
- Assets
- $2.4m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Denver, CO
- Founding
- 05/1991
- Data as of
- 12/2021
- EIN
- 84-0411220
Organization Overview
Colorado Rural Electric Association Inc is located in Denver, CO. The organization was established in 1991. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Colorado Rural Electric Association Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Rural Electric Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Colorado Rural Electric Association Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 2.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE AND ADVANCE THE INTERESTS OF ITS MEMBER ELECTRIC COOPERATIVES THROUGH A UNITED EFFORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES ARE INCURRED TO PROMOTE THE GENERAL WELFARE OF THE RURAL ELECTRIC COOPERATIVES IN COLORADO.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Singer Executive Di | Officer | 40 | $315,259 |
Geoff Hier Dir. Of Govt | Officer | 40 | $142,800 |
Dale Kishbauagh Dir. Safety | 40 | $139,374 | |
Ramona Neeley Dir.communic | 40 | $128,600 | |
Elizabeth Fiddes Dir. Member | 40 | $124,030 | |
Jeff Hauck Director | Trustee | 5 | $2,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Publication Printers Printedmaterial | 12/30/21 | $387,076 |
Nreca-medical Medicial | 12/30/21 | $378,680 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,595,346 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $163,293 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,758,639 |
| Total Program Service Revenue | $1,443,131 |
| Investment income | $502 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,202,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $661,571 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $957,931 |
| Pension plan accruals and contributions | $286,603 |
| Other employee benefits | $318,693 |
| Payroll taxes | $113,160 |
| Fees for services: Management | $45,929 |
| Fees for services: Legal | $69,374 |
| Fees for services: Accounting | $13,305 |
| 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 | $73,252 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $130,581 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57,570 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,776 |
| Insurance | $29,331 |
| All other expenses | $0 |
| Total functional expenses | $4,326,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,426,775 |
| Savings and temporary cash investments | $226,626 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,622 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $54,321 |
| Net Land, buildings, and equipment | $613,744 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $30,212 |
| Intangible assets | $0 |
| Other assets | $50 |
| Total assets | $2,399,350 |
| Accounts payable and accrued expenses | $266,079 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $266,079 |
| Net assets without donor restrictions | $2,133,271 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,399,350 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Colorado Rural Electric Association Inc has recieved totaling $18,600.
| Awarding Organization | Amount |
|---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: EDUCATIONAL FUND-EMPLOYEE EDUCATION COURSES | $18,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crosspurpose Denver, CO | $7,657,712 | $7,299,106 |
Oklahoma Rural Water Association Inc Oklahoma City, OK | $5,870,301 | $4,941,882 |
Tempe Community Action Agency Inc Tempe, AZ | $2,621,216 | $4,725,859 |
Colorado Rural Electric Association Inc Denver, CO | $2,399,350 | $4,202,272 |
Nebraska Rural Electric Association Lincoln, NE | $1,967,725 | $2,435,267 |
Colorado Rural Water Association Pueblo West, CO | $2,068,157 | $2,065,335 |
Housing Assistance Management Enterprise Salt Lake City, UT | $14,748,431 | $2,053,627 |
Mountain Family Center Granby, CO | $3,090,485 | $1,821,483 |
Envision Utah Salt Lake City, UT | $1,358,654 | $1,490,662 |
Progressnow Colorado Education Denver, CO | $548,828 | $940,504 |
Gprmc Holdings Inc Elk City, OK | $33,828,668 | $1,397,897 |
New Mexico Rural Water Users Association Inc Albuquerque, NM | $335,771 | $1,336,004 |