Blachly-Lane County Cooperative Electric Association
- Assets
- $33.5m
- Revenue
- $15.1m
- Investments
- $1.6m
- Employees
- 24
- Location
- Eugene, OR
- Founding
- 06/1939
- Data as of
- 12/2021
- EIN
- 93-0124804
Organization Overview
Blachly-Lane County Cooperative Electric Association is located in Eugene, OR. The organization was established in 1939. 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, Blachly-Lane County Cooperative Electric Association employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blachly-Lane County Cooperative Electric Association 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, Blachly-Lane County Cooperative Electric Association generated $15.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $15.1m during the year ending 12/2021. While expenses have increased by 2.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BLACHLY-LANE'S MISSION IS TO PROVIDE SAFE, RELIABLE, AND COST-BASED ELECTRIC ENERGY TO ITS MEMBERS IN LANE COUNTY OREGON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLACHLY-LANE'S MISSION PROVIDES SAFE, RELIABLE, COST-BASED ELECTRIC SERVICE TO ITS MEMBERS IN LANE COUNTY OREGON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Gardner General Manager | Officer | 50 | $226,820 |
Matthew Smith General Foreman | 51 | $195,831 | |
Ken Gast Line Foreman | 48 | $177,814 | |
Jeff Youngblood-Lee Lineman | 50 | $169,186 | |
Carole Phillips CFO | Officer | 50 | $159,684 |
Jeff Jones Operations Manager | 44 | $151,357 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Professional Underground Services Underground Digging For Lines | 12/30/21 | $262,587 |
Jenson's Tree Services Inc Tree Trimming | 12/30/21 | $358,348 |
Smith And Crover's Tree Service Tree Trimming | 12/30/21 | $147,944 |
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 | $14,863,685 |
| Investment income | $16,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,903 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,080,085 |
| 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 | $1,117,982 |
| Compensation of current officers, directors, key employees. | $416,929 |
| 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 | $55,103 |
| Fees for services: Accounting | $14,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,083 |
| Advertising and promotion | $9,256 |
| Office expenses | $46,696 |
| Information technology | $135,082 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,553 |
| Interest | $667,081 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,102,293 |
| Insurance | $93,481 |
| All other expenses | $395,665 |
| Total functional expenses | $15,080,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $801,743 |
| Savings and temporary cash investments | $53,237 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,523,180 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $37,703 |
| Inventories for sale or use | $1,169,000 |
| Prepaid expenses and deferred charges | $369,446 |
| Net Land, buildings, and equipment | $27,925,694 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,633,093 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,542 |
| Total assets | $33,526,638 |
| Accounts payable and accrued expenses | $2,071,161 |
| Grants payable | $0 |
| Deferred revenue | $400,000 |
| 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 | $16,127,750 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $270,685 |
| Total liabilities | $18,869,596 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $14,480 |
| Paid-in or capital surplus, or land, building, or equipment fund | $14,642,562 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $33,526,638 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wells Rural Electric Co Wells, NV | $65,645,854 | $46,093,733 |
Benton Rural Electric Association Prosser, WA | $100,163,870 | $44,244,946 |
Consumers Power Inc Philomath, OR | $143,908,796 | $44,110,626 |
Big Bend Electric Cooperative Inc Ritzville, WA | $77,547,194 | $40,611,913 |
Coos-Curry Electric Cooperative Inc Port Orford, OR | $114,567,418 | $40,713,862 |
Mt Wheeler Power Inc Ely, NV | $62,442,226 | $39,954,685 |
Midstate Electric Cooperative Inc La Pine, OR | $76,704,845 | $36,643,813 |
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 |
Fall River Rural Electric Cooperative Inc Ashton, ID | $121,834,255 | $35,032,975 |
Salem Electric Salem, OR | $70,962,090 | $31,105,436 |
Plumas-Sierra Rural Electric Cooperative Inc Portola, CA | $104,014,958 | $28,694,760 |