Barrow Utilities & Electric Coopera FY2020 filing

Not tax-deductible

Barrow, AKMutual-benefit / member-servingSince 1964EIN 92-0031346Revenue $28.6M in FY2020

On file with the IRSbueci.orgPo Box 449, 99723-0449 · Barrow, AKTax-exempt since Oct 1976

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Utility cooperative

$1.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.7M a year · 5% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$31.1M
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$28.6M
Spent
$26.9M
To programs
0%
Net assets
$19.9M
By yearFY2020–FY2024
Revenue
$28.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$28.6M
FY2021$30.8M
FY2022$30.8M
FY2023$33.1M
FY2024$33.4M
Expenses
$26.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$26.9M
FY2021$27.8M
FY2022$28.8M
FY2023$31.7M
FY2024$33.2M
Net assets
$19.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$19.9M
FY2021$22.4M
FY2022$24.7M
FY2023$25.4M
FY2024$25.7M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

16 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
General Manager (ceo)
$268,794Pt VII · Sec A
Bus Plant Superintendent
$221,104Pt VII · Sec A
Electric Distr. Superintendent
$209,347Pt VII · Sec A
Lineman Foreman
$208,390Pt VII · Sec A
Natural Gas Distr. Supt.
$207,945Pt VII · Sec A
$197,256Pt VII · Sec A
Lineman Journeyman
$197,116Pt VII · Sec A
$11,703Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ben Frantz———$98,657$268,794
Timothy Russell—$260,699$230,617$249,247$221,104
Rochelle Markle——$203,150$233,611—
Aniseko Unutoa$230,812$212,534$192,571$176,698—
Yves Brower$225,767$191,732$190,614$170,857—
Herman Reich JR$216,287————
Melbourne Hutchison————$209,347
Albert Crooks——$208,859——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides water, sewer, electric power, and natural gas to residents of Barrow, Alaska.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Provide water, sewer, electric power, and natural gas to the residents of Barrow, Alaska.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 16 grants · $202K · 2020–2024
North Slope Borough School DistrictFY2024$32,080
Native Village of BarrowFY2024$11,500
North Slope Borough School DistrictFY2023$23,500
Native Village of BarrowFY2023$11,000
Barrow Whalers Athletic FoundationFY2022$20,000
North Slope Borough School DistrictFY2022$18,469
Native Village of BarrowFY2022$18,274
Barrow High SchoolFY2021$10,000
New Beginnings Church of GodAK · FY2021$6,474
Barrow Whalers Athletic FoundationFY2021$6,000
Native Village of BarrowFY2020$10,000
Barrow High SchoolFY2020$6,700
Hopson Middle SchoolFY2020$6,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$28.6M
Ln 12
Fees for servicesLn 2g$28.4M
Other incomeLn 4–11$203K
Investment incomeLn 3$24K
Money outPt IX
$26.9M
Ln 25
Owns and owesPt X
$19.9M
net assets · Ln 32
Cash and savingsLn 1–2$3.5M
Total assetsLn 16$51.1M
LiabilitiesLn 26$31.1M
PeoplePt VI, VII
16
listed · VII A
PaidVII A16
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$28.4M
Investment incomeLn 3$24K
Other incomeLn 4–11$203K
Gains on assetsLn 7$0
Total revenueLn 12$28.6M
Assets in detailPt X, end of year
CashLn 1$2.8M
SavingsLn 2$738K
Cash and savings togetherLn 1–2$3.5M
InvestmentsLn 11–13$3.0M
Land, buildings, equipmentLn 10c$35.3M
Other assetsLn 15$0
Total assetsLn 16$51.1M
LiabilitiesLn 26$31.1M
Net assetsLn 32$19.9M
OperationsPt I, VI
EmployeesI 599
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3.9M$3.5M
InvestmentsLn 11–13$2.9M$3.0M
Land, buildings, equipmentLn 10c$37.0M$35.3M
Total assetsLn 16$52.5M$51.1M
LiabilitiesLn 26$34.3M$31.1M
Net assetsLn 32$18.2M$19.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$33K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$951K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$156K$0$0$0
Advertising and promotionLn 12$0
Office expensesLn 13$220K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$146K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$1.1M
Payments to affiliatesLn 21$26K
Depreciation, depletion and amortizationLn 22$2.9M
InsuranceLn 23$341K
Other expenses (24a–d)Ln 24$14.2M
All other expensesLn 24e$6.8M
Total functional expensesLn 25$26.9M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $33.4M$33.2M$219K$25.7M 990 PDF
FY2023 $33.1M$31.7M$1.5M$25.4M 990 PDF
FY2022 $30.8M$28.8M$2.0M$24.7M 990 PDF
FY2021 $30.8M$27.8M$3.0M$22.4M 990 PDF
FY2020 Viewing $28.6M$26.9M$1.7M$19.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $28,612,003 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $26,754,327$28,385,724
I-10 Investment incomePrior year $20,034$23,595
I-11 Other revenuePrior year $259,984$202,684
I-12 Total revenuePrior year $27,034,345$28,612,003
I-13 Grants and similar amounts paidPrior year $78,000$32,700
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $982,200$951,217
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $25,717,173$25,931,928
I-18 Total expensesPrior year $26,777,373$26,915,845
I-19 Revenue less expensesPrior year $256,972$1,696,158
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $28,612,003 across 9 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,385,724$28,385,724
VIII-3 Investment incomeExcluded from tax $23,595$23,595
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $202,684$202,684
VIII-12 Total revenueRelated to mission $28,385,724 · Excluded from tax $226,279$28,612,003
Part IX · Statement of functional expenses $26,915,845 across 31 lines filed
IX-1 Grants to domestic organizations$32,700
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$951,217
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$155,779
IX-12 Advertising and promotion$0
IX-13 Office expenses$219,597
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$145,954
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$1,125,950
IX-21 Payments to affiliates$25,985
IX-22 Depreciation, depletion and amortization$2,872,171
IX-23 Insurance$341,070
IX-24 Other expenses (24a–d)$14,236,371
IX-24e All other expenses$6,809,051
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$26,915,845
Part X · Balance sheet $51,059,491 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $3,160,544$2,803,151
X-2 Savings and temporary cash investmentsStart of year $734,479$738,412
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $4,062,180$4,594,877
X-8 Inventories for sale or useStart of year $1,495,213$1,611,889
X-9 Prepaid expenses and deferred chargesStart of year $3,206,864$2,964,931
X-10c Land, buildings and equipment, netStart of year $36,978,983$35,308,328
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $2,873,922$3,037,903
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $52,512,185$51,059,491
X-17 Accounts payable and accrued expensesStart of year $4,529,620$2,267,384
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $1,413,039$1,065,614
X-26 Total liabilitiesStart of year $34,266,594$31,120,957
X-32 Total net assets or fund balancesStart of year $18,245,591$19,938,534
X-33 Total liabilities and net assetsStart of year $52,512,185$51,059,491
Part XI · Reconciliation of net assets $19,938,534 net assets at year end
XI-1 Total revenue$28,612,003
XI-2 Total expenses$26,915,845
XI-3 Revenue less expenses$1,696,158
XI-4 Net assets at start of year$18,245,591
XI-9 Other changes in net assets−$3,215
XI-10 Net assets at end of year$19,938,534

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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