Hood River Electric & Internet Coop
- Assets
- $28.2m
- Revenue
- $13.6m
- Investments
- $160.4k
- Employees
- 24
- Location
- Odell, OR
- Founding
- 03/1948
- Data as of
- 12/2023
- EIN
- 93-0333988
Organization Overview
Hood River Electric & Internet Coop is located in Odell, OR. The organization was established in 1948. 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, Hood River Electric & Internet Coop employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hood River Electric & Internet Coop 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, Hood River Electric & Internet Coop generated $13.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $12.8m during the year ending 12/2023. While expenses have increased by 7.1% per year over the past 8 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
PROVIDE ELECTRICAL ENERGY AND FIBER OPTIC/INTERNET SERVCES TO THE HOOD RIVER VALLEY IN OREGON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CO-OP PROVIDES ELECTRICAL ENERGY AND FIBER OPTIC/INTERNET SERVICES TO ITS MEMBERS AND OTHER CUSTOMERS. IN 2023 A TOTAL OF 132,934,623 KWH OF ELECTRICITY WAS PROVIDED. TOTAL CUSTOMERS WERE 4,002.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Bloom President | OfficerTrustee | 2 | $4,150 |
Jeff Osborn Vice-Preside | OfficerTrustee | 2 | $2,920 |
Roger Nelson Treasurer | OfficerTrustee | 2 | $4,956 |
John Mcghee Secretary | OfficerTrustee | 2 | $3,360 |
Steve Jones Director | Trustee | 2 | $3,510 |
Lisa Perry Director | Trustee | 2 | $3,740 |
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 | $12,052,498 |
| Investment income | $414,559 |
| 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 | $13,649,328 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| 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 | $251,167 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,662,579 |
| Total functional expenses | $12,806,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,272,566 |
| Savings and temporary cash investments | $10,008,178 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $836,468 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,308,622 |
| Prepaid expenses and deferred charges | $336,395 |
| Net Land, buildings, and equipment | $12,169,216 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $160,397 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,088,873 |
| Total assets | $28,180,715 |
| Accounts payable and accrued expenses | $1,474,052 |
| 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 | $485,579 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,268,050 |
| Total liabilities | $11,227,681 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $25,085 |
| Paid-in or capital surplus, or land, building, or equipment fund | $2,002,542 |
| Retained earnings, endowment, accumulated income, or other funds | $14,925,407 |
| Total liabilities and net assets/fund balances | $28,180,715 |