Barrow Utilities & Electric Coopera
- Assets
- $51.9m
- Revenue
- $33.1m
- Investments
- $0.0
- Employees
- 113
- Location
- Barrow, AK
- Founding
- 10/1976
- Data as of
- 12/2023
- EIN
- 92-0031346
Organization Overview
Barrow Utilities & Electric Coopera is located in Barrow, AK. The organization was established in 1976. 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 12/2023, Barrow Utilities & Electric Coopera employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barrow Utilities & Electric Coopera 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 12/2023, Barrow Utilities & Electric Coopera generated $33.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $31.7m during the year ending 12/2023. While expenses have increased by 4.1% per year over the past 9 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.
Since 2015, Barrow Utilities & Electric Coopera has awarded 31 individual grants totaling $375,601. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
UTILITY COOPERATIVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE WATER, SEWER, ELECTRIC POWER, AND NATURAL GAS TO THE RESIDENTS OF BARROW, ALASKA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Russell General Manager | Officer | 40 | $260,699 |
Aniseko Unutoa Bus Plant Superintendent | 40 | $212,534 | |
Yves Brower Asst Bus Plant Superintendent | 40 | $191,732 | |
Sangram Biswokarma Senior Accountant | 40 | $190,947 | |
Jack Lyons Journeyman Lineman | 40 | $182,380 | |
William Berry Power Plant Superintendent | 40 | $196,108 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Solar Turbines Inc Equipment Maint. | 12/30/23 | $1,469,459 |
Uic Construction - Asrc Skw Eskimos Construction Service | 12/30/23 | $737,270 |
Scott's Superior Painting Painting Services | 12/30/23 | $533,608 |
Connor Group Global Services Llc Accounting Support | 12/30/23 | $161,219 |
Electric Power Systems Electrical Services | 12/30/23 | $203,464 |
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 | $32,763,469 |
| Investment income | $378,327 |
| 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 | $33,134,561 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,500 |
| 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. | $621,244 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $519,196 |
| Advertising and promotion | $0 |
| Office expenses | $363,152 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $231,217 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $890,676 |
| Payments to affiliates | $24,447 |
| Depreciation, depletion, and amortization | $2,538,402 |
| Insurance | $392,974 |
| All other expenses | $7,931,609 |
| Total functional expenses | $31,681,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,995,821 |
| Savings and temporary cash investments | $642,435 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,882,489 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,166,155 |
| Prepaid expenses and deferred charges | $2,165,956 |
| Net Land, buildings, and equipment | $33,290,280 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,116,939 |
| Intangible assets | $0 |
| Other assets | $681,659 |
| Total assets | $51,941,734 |
| Accounts payable and accrued expenses | $1,992,002 |
| 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 | $22,364,144 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,140,912 |
| Total liabilities | $26,497,058 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $4,698 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $25,439,978 |
| Total liabilities and net assets/fund balances | $51,941,734 |
Grants Awarded
Over the last fiscal year, Barrow Utilities & Electric Coopera has awarded $34,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH SLOPE BOROUGH SCHOOL DISTRICT PURPOSE: equip, event, travel | $23,500 |
NATIVE VILLAGE OF BARROW PURPOSE: Games and dances | $11,000 |