Matanuska Electric Association Inc

Organization Overview

Matanuska Electric Association Inc is located in Palmer, AK. The organization was established in 1942. 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 12/2019, Matanuska Electric Association Inc employed 238 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matanuska 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 12/2019, Matanuska Electric Association Inc generated $150.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $150.7m during the year ending 12/2019. While expenses have increased by 0.7% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing



Describe the Organization's Mission:

Part 3 - Line 1


Describe the Organization's Program Activity:

Part 3 - Line 4a


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Outside Vendors & Contractors

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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$149,596,143
Investment income $599,656
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 $150,676,163

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Matanuska Electric Association Inc has recieved totaling $13,000.

Awarding OrganizationAmount
View Grant Recipient Profile

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