Kotzebue Electric Association Inc
- Assets
- $16.7m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 18
- Location
- Kotzebue, AK
- Founding
- 06/1959
- Data as of
- 12/2021
- EIN
- 92-0021979
Organization Overview
Kotzebue Electric Association Inc is located in Kotzebue, AK. The organization was established in 1959. 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, Kotzebue Electric Association Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kotzebue 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, Kotzebue Electric Association Inc generated $7.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $7.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 7 years. 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
PROVIDE ENERGY RESOURCES TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVED THE KOTZEBUE AREA RESIDENTS AND BUSINESSES BY PROVIDING ENERGY RESOURCES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Shroyer Ceo/general Manager | Officer | 44 | $178,621 |
Johnnie R Jones Plant Foreman | 44 | $165,438 | |
Matthew I Bergan Engineer | 44 | $152,184 | |
Garreth W Howarth Line Foreman | 44 | $147,371 | |
Claude M Wilson Jr Plant Foreman | 44 | $137,651 | |
Pierre Alan Lonewolf Secretary | OfficerTrustee | 1 | $5,700 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nc Machinery Company Labor & Materials | 12/30/21 | $134,273 |
Marine Systems Inc Labor & Materials | 12/30/21 | $264,444 |
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 | $7,377,234 |
| Investment income | $20,298 |
| 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 | $7,540,194 |
| 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. | $294,102 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $279,276 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,170 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,102 |
| Fees for services: Accounting | $64,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,772 |
| Advertising and promotion | $1,100 |
| Office expenses | $67,731 |
| Information technology | $63,170 |
| Royalties | $0 |
| Occupancy | $200,862 |
| Travel | $16,784 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $92,866 |
| Interest | $252,870 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $999,127 |
| Insurance | $36,402 |
| All other expenses | $9,957 |
| Total functional expenses | $7,106,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $450,779 |
| Savings and temporary cash investments | $613,271 |
| Pledges and grants receivable | $91,933 |
| Accounts receivable, net | $1,322,048 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,899,436 |
| Prepaid expenses and deferred charges | $1,023,500 |
| Net Land, buildings, and equipment | $8,394,360 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,726,921 |
| Intangible assets | $0 |
| Other assets | $198,548 |
| Total assets | $16,720,796 |
| Accounts payable and accrued expenses | $445,432 |
| Grants payable | $0 |
| Deferred revenue | $54,735 |
| 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 | $7,158,023 |
| Unsecured mortgages and notes payable | $1,375,000 |
| Other liabilities | $167,656 |
| Total liabilities | $9,200,846 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $8,371 |
| Paid-in or capital surplus, or land, building, or equipment fund | $128,824 |
| Retained earnings, endowment, accumulated income, or other funds | $7,382,755 |
| Total liabilities and net assets/fund balances | $16,720,796 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kotzebue Electric Association Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Na Ah Illahee Fund Seattle, WA PURPOSE: Green Infrastructure Grant | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elmhurst Mutual Power And Light Co Tacoma, WA | $32,294,963 | $19,833,230 |
Lakeview Light & Power Lakewood, WA | $50,109,948 | $24,172,277 |
Parkland Light & Water Company Tacoma, WA | $42,709,754 | $15,177,864 |
Tanner Electric North Bend, WA | $38,780,092 | $13,296,092 |
Naknek Electric Association Inc Naknek, AK | $48,960,735 | $11,351,355 |
Ohop Mutual Light Co Eatonville, WA | $21,175,610 | $8,133,923 |
Cordova Electric Cooperative Inc Cordova, AK | $35,778,441 | $7,329,409 |
Kotzebue Electric Association Inc Kotzebue, AK | $16,720,796 | $7,540,194 |
Okanogan County Electric Cooperative Incorpative Winthrop, WA | $15,033,526 | $6,466,621 |
Inside Passage Electric Cooperative Incorporated Auke Bay, AK | $16,923,471 | $5,934,930 |
Nespelem Valley Electric Cooperative Inc Nespelem, WA | $12,532,572 | $5,679,093 |
Spanaway Water Company Spanaway, WA | $42,424,419 | $5,947,458 |