Grand Canyon State Electric Cooperative Inc
- Assets
- $1.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Tempe, AZ
- Founding
- 03/1967
- Data as of
- 12/2021
- EIN
- 86-6056759
Organization Overview
Grand Canyon State Electric Cooperative Inc is located in Tempe, AZ. The organization was established in 1967. 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, Grand Canyon State Electric Cooperative Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grand Canyon State Electric Cooperative 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, Grand Canyon State Electric Cooperative Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. 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 REPRESENT, ADVANCE AND PROTECT THE INTERESTS OF ARIZONA'S MEMBER-OWNED, RURAL ELECTRIC COOPERATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES LEGISLATIVE AND REGULATORY REPRESENTATION, EDUCATION, TRAINING AND COMMUNICATIONS SERVICES FOR ITS REGULAR COOPERATIVE MEMBERS AND ITS ASSOCIATE MEMBERS. ALTOGETHER, THE ASSOCIATION SERVES 30 MEMBERS.
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 |
|---|---|---|---|
David Lock CEO | Officer | 40 | $268,934 |
Jorge Canaca Director Of Legislative Co | 40 | $165,249 | |
Casey Ratlief Director Of Government Rel | 40 | $144,361 | |
Chuck Moore Secretary | OfficerTrustee | 2 | $0 |
Jeff Larson President | OfficerTrustee | 5 | $0 |
Frank Downs Treasurer | OfficerTrustee | 1.3 | $0 |
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 | $72,057 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,057 |
| Total Program Service Revenue | $1,568,801 |
| Investment income | $1,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,822 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,652,647 |
| 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 | $765,028 |
| Compensation of current officers, directors, key employees. | $301,782 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $428,235 |
| Pension plan accruals and contributions | $20,620 |
| Other employee benefits | $220,276 |
| Payroll taxes | $45,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $133,885 |
| Fees for services: Accounting | $28,116 |
| Fees for services: Lobbying | $80,528 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,120 |
| Advertising and promotion | $14,688 |
| Office expenses | $15,554 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,559 |
| Travel | $43,566 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,512 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,718 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,347,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $885,969 |
| Savings and temporary cash investments | $217,375 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,378 |
| 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 | $51,231 |
| Net Land, buildings, and equipment | $12,257 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $16,890 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,185,100 |
| Accounts payable and accrued expenses | $104,621 |
| Grants payable | $0 |
| Deferred revenue | $776,272 |
| 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 | $880,893 |
| Net assets without donor restrictions | $254,207 |
| Net assets with donor restrictions | $50,000 |
| 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 | $1,185,100 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Grand Canyon State Electric Cooperative Inc has recieved totaling $12,800.
| Awarding Organization | Amount |
|---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: EDUCATIONAL FUND-NRECA YOUTH TOUR OF WASHINGTON, DC | $12,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Calif Domestic Water Co Whittier, CA | $75,395,636 | $19,759,648 |
Roosevelt County Electric Cooperative Incorporated Portales, NM | $65,511,753 | $18,141,245 |
Consolidated Mutual Water Company Lakewood, CO | $221,800,692 | $15,225,271 |
Anza Electric Cooperative Inc Anza, CA | $42,427,529 | $15,782,046 |
Surprise Valley Electrification Corp Alturas, CA | $56,558,515 | $15,431,863 |
Graham County Electric Cooperative Inc Pima, AZ | $54,360,204 | $15,258,294 |
Columbus Electric Cooperative Inc Deming, NM | $51,291,020 | $15,018,624 |
Mora-San Miguel Electric Cooperative Inc Mora, NM | $28,478,652 | $12,852,709 |
Atascadero Mutual Water Co Atascadero, CA | $51,432,769 | $11,280,603 |
Beaumont Unified School District Public Facilities Corporation Beaumont, CA | $36,031,848 | $19,466,559 |
Sierra Electric Cooperative Inc Elephant Butte, NM | $28,287,663 | $9,920,270 |
Oildale Mutual Water Company Oildale, CA | $46,887,728 | $11,045,397 |