Coos-Curry Electric Cooperative Inc
- Assets
- $122.5m
- Revenue
- $41.6m
- Investments
- $0.0
- Employees
- 73
- Location
- Port Orford, OR
- Founding
- 07/1940
- Data as of
- 12/2023
- EIN
- 93-0146827
Organization Overview
Coos-Curry Electric Cooperative Inc is located in Port Orford, OR. The organization was established in 1940. 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, Coos-Curry Electric Cooperative Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coos-Curry Electric Cooperative 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 12/2023, Coos-Curry Electric Cooperative Inc generated $41.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $40.1m during the year ending 12/2023. While expenses have increased by 1.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTION AND SALE OF ELECTRIC ENERGY TO ITS MEMBERS LOCATED IN SUBSTANTIALLY ALL OF CURRY COUNTY, OREGON & PORTIONS OF COOS COUNTY & DOUGLAS COUNTY, OREGON. REVENUES ARE SUBSTANTIALLY DERIVED FROM THE COOPERATIVE'S RESIDENTIAL, COMMERCIAL AND INDUSTRIAL MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION AND SALE OF ELECTRICITY ENERGY TO APPROXIMATELY 14,700 COOPERATIVE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter C Radabaugh Director | Trustee | 11.81 | $9,701 |
Georgia A Cockerham Director | Trustee | 3.4 | $4,200 |
Daryl C Robison Director | Trustee | 10.79 | $5,400 |
Jim Kolen President | OfficerTrustee | 18.02 | $7,348 |
Daniel Loshbaugh Director | Trustee | 13.54 | $7,332 |
Cheryl Mcmahan Vice President | OfficerTrustee | 12.01 | $5,450 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Western Pacific Tree Service Right-of-way Clearing | 12/30/23 | $1,552,349 |
Key Line Construction Construction Services | 12/30/23 | $1,187,456 |
Uppercut Tree Service Inc Right-of-way Clearing | 12/30/23 | $1,052,748 |
Lawrence G Bowen Agness Company Construction Services | 12/30/23 | $538,026 |
Jensen's Tree Service Right-of-way Clearing | 12/30/23 | $447,484 |
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 | $39,837,476 |
| Investment income | $1,476,026 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,590,254 |
| 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 | $503,770 |
| Compensation of current officers, directors, key employees. | $1,840,717 |
| 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 | $0 |
| Advertising and promotion | $422,678 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $2,429,073 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,334,596 |
| Insurance | $0 |
| All other expenses | $2,474,065 |
| Total functional expenses | $40,140,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$459,429 |
| Savings and temporary cash investments | $1,003,498 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,184,537 |
| Loans from Officers, Directors, or Controlling Persons | $18,622,640 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,786,349 |
| Prepaid expenses and deferred charges | $1,673,501 |
| Net Land, buildings, and equipment | $93,861,042 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | -$1,023,896 |
| Intangible assets | $0 |
| Other assets | $2,846,108 |
| Total assets | $122,494,350 |
| Accounts payable and accrued expenses | $5,766,668 |
| 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 | $49,714,040 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,116,824 |
| Total liabilities | $63,597,532 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $73,810 |
| Paid-in or capital surplus, or land, building, or equipment fund | $52,145,570 |
| Retained earnings, endowment, accumulated income, or other funds | $6,677,438 |
| Total liabilities and net assets/fund balances | $122,494,350 |