Naknek Electric Association Inc

Organization Overview

Naknek Electric Association Inc is located in Naknek, AK. The organization was established in 1962. 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, Naknek Electric Association Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naknek 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, Naknek Electric Association Inc generated $11.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $9.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

GENERATION AND SALE OF ELECTRICAL ENERGY TO THE COMMUNITIES OF NAKNEK, SOUTH NAKNEK AND KING SALMON, AK.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GENERATION AND SALE OF ELECTRICAL ENERGY TO THE COMMUNITIES OF NAKNEK, SOUTH NAKNEK AND KING SALMON, AK. AT DECEMBER 31, 2021, 1,079 ELECTRIC LINES WERE IN SERVICE.


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Board, Officers & Key Employees

Name (title)Compensation
Dianne King
General Manager
$150,288
Jeffery Sinkular
Lineman
$118,113
Darrell Aspelund
Plant Foreman
$113,609
Kenneth Pulice
Fleet Manager
$103,969
Micheal James
Operator
$103,349
Nanci Lyon
Vice-President
$2,344

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Weiss Consulting Service
Engineering
$190,782
Huber Consulting Group
Financial Consulting
$106,573
View All Vendors

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$11,250,323
Investment income $354
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 $11,351,355

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