Barrow Utilities & Electric Coopera
- Assets
- $52.0m
- Revenue
- $30.8m
- Investments
- $0.0
- Employees
- 99
- Location
- Barrow, AK
- Founding
- 10/1976
- Data as of
- 12/2021
- 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 12/2021, Barrow Utilities & Electric Coopera employed 99 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 12/2021, Barrow Utilities & Electric Coopera generated $30.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $27.8m during the year ending 12/2021. While expenses have increased by 3.4% 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.
Since 2015, Barrow Utilities & Electric Coopera has awarded 25 individual grants totaling $277,331. 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Russell General Manager | Officer | 40 | $249,247 |
Rochelle Markle CFO | Officer | 40 | $233,611 |
James Murphy Utility Plant Superintendent | 40 | $198,820 | |
John Lowe Lineman | 48 | $197,625 | |
Rebecca Lopez CFO | Officer | 40 | $191,802 |
Layne Jordan Gas Superintendent | 40 | $183,976 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Art Ohair Llc Industrial Control | 12/30/21 | $153,155 |
Uic Construction - Asrc Skw Eskimos Construction Service | 12/30/21 | $4,745,271 |
Inlet Mechanical Inc Boiler Installation | 12/30/21 | $388,158 |
Scott's Superior Painting Painting Services | 12/30/21 | $285,252 |
Solar Turbines Inc Construction Service | 12/30/21 | $280,530 |
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 | $1,420,687 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,420,687 |
| Total Program Service Revenue | $29,291,818 |
| Investment income | $16,521 |
| 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 | $30,800,786 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,899 |
| 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. | $1,314,405 |
| 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 | $257,963 |
| Advertising and promotion | $0 |
| Office expenses | $281,771 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $201,822 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,044,347 |
| Payments to affiliates | $32,914 |
| Depreciation, depletion, and amortization | $2,928,361 |
| Insurance | $371,261 |
| All other expenses | $6,398,049 |
| Total functional expenses | $27,790,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,612,099 |
| Savings and temporary cash investments | $738,677 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,266,123 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,722,473 |
| Prepaid expenses and deferred charges | $2,778,264 |
| Net Land, buildings, and equipment | $35,564,391 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,273,720 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $51,955,747 |
| Accounts payable and accrued expenses | $2,329,536 |
| 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 | $25,908,439 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,301,819 |
| Total liabilities | $29,539,794 |
| 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 | $22,411,255 |
| Total liabilities and net assets/fund balances | $51,955,747 |
Grants Awarded
Over the last fiscal year, Barrow Utilities & Electric Coopera has awarded $27,899 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BARROW HIGH SCHOOL PURPOSE: School team equipment/event/travel | $10,000 |
NEW BEGINNINGS CHURCH OF GOD PURPOSE: Youth summer camp | $6,474 |
BARROW WHALERS ATHLETIC FOUNDATION PURPOSE: Youth athletic event | $6,000 |
Barrow, AK PURPOSE: Local radio station support/fund raiser | $5,425 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homer Electric Association Inc Homer, AK | $266,114,703 | $113,967,382 |
Inland Power & Light Co Spokane, WA | $298,221,337 | $90,911,502 |
Breakthrough Energy Foundation Kirkland, WA | $272,263,093 | $53,009,802 |
Peninsula Light Company Inc Gig Harbor, WA | $206,412,044 | $64,241,054 |
Alaska Village Electric Cooperative Inc Anchorage, AK | $149,755,137 | $62,136,237 |
Benton Rural Electric Association Prosser, WA | $100,163,870 | $44,244,946 |
Big Bend Electric Cooperative Inc Ritzville, WA | $77,547,194 | $40,611,913 |
Orcas Power & Light Cooperative Eastsound, WA | $113,042,035 | $35,371,006 |
Columbia Rural Electric Association Inc Walla Walla, WA | $105,545,364 | $36,917,429 |
Barrow Utilities & Electric Coopera Barrow, AK | $51,955,747 | $30,800,786 |
Peak Reliability Vancouver, WA | $0 | $48,178 |
Copper Valley Electric Association Inc Glennallen, AK | $79,168,354 | $26,151,233 |