Pacific Northwest Generating Cooperative
- Assets
- $51.2m
- Revenue
- $223.1m
- Investments
- $19.2m
- Employees
- 20
- Location
- Clackamas, OR
- Founding
- 07/2000
- Data as of
- 09/2023
- EIN
- 93-1192140
Organization Overview
Pacific Northwest Generating Cooperative is located in Clackamas, OR. The organization was established in 2000. 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 09/2023, Pacific Northwest Generating Cooperative employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pacific Northwest Generating Cooperative 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 09/2023, Pacific Northwest Generating Cooperative generated $223.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $221.3m during the year ending 09/2023. While expenses have increased by 1.5% 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
PNGC MAXIMIZES THE COMPETITIVE POSITION OF ITS MENBERS BY ACQUIRING AND PROTECTING THE RESOURCES REQUIRED TO POWER ITS COLLECTIVE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETING THE ELECTRIC POWER AND TRANSMISSION REQUIREMENTS OF ITS DISTRIBUTION COOPERATIVE MEMBER-OWNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Hagen Director | Trustee | 7 | $0 |
Greg Gardner Director | Trustee | 8 | $0 |
Bryan Case Vice Chair | OfficerTrustee | 8 | $0 |
Keith Brooks Secretary/treasurer | OfficerTrustee | 8 | $0 |
Foster Hildreth Director | Trustee | 6 | $0 |
Brent Bischoff Director | Trustee | 7 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
March Counsel Llc Legal Consultation | 9/29/22 | $104,586 |
Davis Wright Tremaine Llp Legal Consultation | 9/29/22 | $166,987 |
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 | $222,151,758 |
| Investment income | $1,098,815 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$134,271 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $223,116,302 |
| 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. | $1,767,775 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,147,030 |
| Pension plan accruals and contributions | $457,664 |
| Other employee benefits | $276,577 |
| Payroll taxes | $198,564 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $256,682 |
| Fees for services: Accounting | $46,660 |
| Fees for services: Lobbying | $22,854 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $472,122 |
| Advertising and promotion | $0 |
| Office expenses | $260,494 |
| Information technology | $282,952 |
| Royalties | $0 |
| Occupancy | $209,102 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $173,502 |
| Interest | $23,724 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $602,040 |
| Insurance | $215,008 |
| All other expenses | $116 |
| Total functional expenses | $221,266,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,453 |
| Savings and temporary cash investments | $10,926,885 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,274,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,334 |
| Prepaid expenses and deferred charges | $360,546 |
| Net Land, buildings, and equipment | $6,656,165 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,194,279 |
| Investments—program-related | $82,774 |
| Intangible assets | $10,000 |
| Other assets | $661,652 |
| Total assets | $51,225,088 |
| Accounts payable and accrued expenses | $15,545,896 |
| 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 | $78,125 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,343,337 |
| Total liabilities | $24,967,358 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $202,753 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $26,054,977 |
| Total liabilities and net assets/fund balances | $51,225,088 |