Okanogan County Electric Cooperative Incorpative
- Assets
- $16.3m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 18
- Location
- Winthrop, WA
- Founding
- 05/1940
- Data as of
- 12/2022
- EIN
- 91-0344665
Organization Overview
Okanogan County Electric Cooperative Incorpative is located in Winthrop, WA. The organization was established in 1940. 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 12/2022, Okanogan County Electric Cooperative Incorpative employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Okanogan County Electric Cooperative Incorpative 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, Okanogan County Electric Cooperative Incorpative generated $7.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $6.8m during the year ending 12/2022. While expenses have increased by 3.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD AND MAINTAIN AN ELECTRIC DISTRIBUTION SYSTEM AND TO DISTRIBUTE ELECTRICAL ENERGY TO ITS MEMBERS WITHIN ITS SERVICE TERRITORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE PURCHASED AND PROVIDED ELECTRIC ENERGY TO ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Mendonca General Manager | Officer | 40 | $214,381 |
Chris Zahn Serviceman | 40 | $155,307 | |
Glenn Huber Operations Manager | 43 | $140,182 | |
Uriel Medrano Journeyman Lineman | 40 | $130,777 | |
Tracy Mccabe Mgr Of Fin/adm | Officer | 40 | $105,084 |
Robert Faulkner Journeyman Lineman | 40 | $101,351 |
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 | $6,803,541 |
| Investment income | $70,993 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,566 |
| Net Gain/Loss on Asset Sales | $26,840 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,956,997 |
| 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 | $263,321 |
| Compensation of current officers, directors, key employees. | $422,961 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,164,281 |
| Pension plan accruals and contributions | $187,346 |
| Other employee benefits | $0 |
| Payroll taxes | $140,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,408 |
| Fees for services: Accounting | $22,882 |
| 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 | $147,456 |
| 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 | $199,375 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $462,977 |
| Insurance | $14,539 |
| All other expenses | -$1,720,216 |
| Total functional expenses | $6,788,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $491,809 |
| Savings and temporary cash investments | $191,104 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,121,862 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $769,927 |
| Inventories for sale or use | $440,787 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,369,410 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,898,746 |
| Total assets | $16,283,645 |
| Accounts payable and accrued expenses | $974,353 |
| 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 | $4,339,527 |
| Unsecured mortgages and notes payable | $300,000 |
| Other liabilities | $215,310 |
| Total liabilities | $5,829,190 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $17,320 |
| Paid-in or capital surplus, or land, building, or equipment fund | $6,678,419 |
| Retained earnings, endowment, accumulated income, or other funds | $3,758,716 |
| Total liabilities and net assets/fund balances | $16,283,645 |