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Employer Identification Number 54-0130127

BARC ELECTRIC COOPERATIVE is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:BARC ELECTRIC COOPERATIVE
Employer identification number (EIN):54-0130127
EIN Issuing AuthorityBrookhaven, NY
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTo provide safe and reliable power to the members of BARC Electric Cooperative located in the counties of Alleghany, Augusta, Bath, Highland, and Rockbridge in the Commonwealth of Virginia.
Number of Employees55
Number of Volunteers0
Year Formed1938

Organization Governance

Legal DomicileVA
Voting Members - Governing Body7
Voting Members - Independent7

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 9,783,646
Program Service Revenue from prior yearUSD $ 24,532,629
Program Service Revenue from current yearUSD $ 27,473,341
Investment Income from prior yearUSD $ 507,249
Investment Income from current yearUSD $ 999,512
Other Revenue from prior yearUSD $ 7,277,971
Other Revenue from current yearUSD $ 9,517,748
Gross receipts from all sourcesUSD $ 38,335,534
Net assets / fund balances at end of fiscal yearUSD $ 36,713,433
Net assets / fund balances at beginning of fiscal yearUSD $ 34,780,667
Total liabilities at end of fiscal yearUSD $ 134,588,653
Total liabilities at beginning of fiscal yearUSD $ 107,157,383
Total assets at end of fiscal yearUSD $ 171,302,086
Total assets at beginning of fiscal yearUSD $ 141,938,050
Revenues less expenses for current yearUSD $ 1,073,538
Revenues less expenses for previous yearUSD $ 4,692,803
Total expenses for current yearUSD $ 37,239,068
Total expenses for previous yearUSD $ 30,954,169
Other expenses in current yearUSD $ 29,655,446
Other expenses in previous yearUSD $ 21,907,913
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 6,297,665
Employee salary and benefits paid in previous yearUSD $ 6,540,047
Benefits paid to or for members in current yearUSD $ 1,285,957
Benefits paid to or for members in previous yearUSD $ 2,506,209
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 38,312,606
Total revenue in previous fiscal yearUSD $ 35,646,972
Contributions and grants from current yearUSD $ 322,005
Contributions and grants from previous yearUSD $ 3,329,123
Total of other revenueUSD $ 8,956,585
2021-12-31
Total unrelated business incomeUSD $ 7,127,862
Program Service Revenue from prior yearUSD $ 23,866,125
Program Service Revenue from current yearUSD $ 24,532,629
Investment Income from prior yearUSD $ 268,893
Investment Income from current yearUSD $ 507,249
Other Revenue from prior yearUSD $ 5,050,364
Other Revenue from current yearUSD $ 7,277,971
Gross receipts from all sourcesUSD $ 36,100,741
Net assets / fund balances at end of fiscal yearUSD $ 34,780,667
Net assets / fund balances at beginning of fiscal yearUSD $ 31,736,398
Total liabilities at end of fiscal yearUSD $ 107,157,383
Total liabilities at beginning of fiscal yearUSD $ 87,078,504
Total assets at end of fiscal yearUSD $ 141,938,050
Total assets at beginning of fiscal yearUSD $ 118,814,902
Revenues less expenses for current yearUSD $ 4,692,803
Revenues less expenses for previous yearUSD $ 1,533,707
Total expenses for current yearUSD $ 30,954,169
Total expenses for previous yearUSD $ 28,061,175
Other expenses in current yearUSD $ 21,907,913
Other expenses in previous yearUSD $ 20,535,707
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 6,540,047
Employee salary and benefits paid in previous yearUSD $ 6,622,250
Benefits paid to or for members in current yearUSD $ 2,506,209
Benefits paid to or for members in previous yearUSD $ 903,218
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 35,646,972
Total revenue in previous fiscal yearUSD $ 29,594,882
Contributions and grants from current yearUSD $ 3,329,123
Contributions and grants from previous yearUSD $ 409,500
Total of other revenueUSD $ 6,751,437
2020-12-31
Total unrelated business incomeUSD $ 4,555,139
Program Service Revenue from prior yearUSD $ 25,668,672
Program Service Revenue from current yearUSD $ 23,866,125
Investment Income from prior yearUSD $ 297,673
Investment Income from current yearUSD $ 268,893
Other Revenue from prior yearUSD $ 2,871,248
Other Revenue from current yearUSD $ 5,050,364
Gross receipts from all sourcesUSD $ 29,594,882
Net assets / fund balances at end of fiscal yearUSD $ 31,736,398
Net assets / fund balances at beginning of fiscal yearUSD $ 31,017,660
Total liabilities at end of fiscal yearUSD $ 87,078,504
Total liabilities at beginning of fiscal yearUSD $ 65,898,020
Total assets at end of fiscal yearUSD $ 118,814,902
Total assets at beginning of fiscal yearUSD $ 96,915,680
Revenues less expenses for current yearUSD $ 1,533,707
Revenues less expenses for previous yearUSD $ 442,697
Total expenses for current yearUSD $ 28,061,175
Total expenses for previous yearUSD $ 28,394,896
Other expenses in current yearUSD $ 20,535,707
Other expenses in previous yearUSD $ 21,452,034
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 6,622,250
Employee salary and benefits paid in previous yearUSD $ 6,073,243
Benefits paid to or for members in current yearUSD $ 903,218
Benefits paid to or for members in previous yearUSD $ 869,619
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 29,594,882
Total revenue in previous fiscal yearUSD $ 28,837,593
Contributions and grants from current yearUSD $ 409,500
Total of other revenueUSD $ 4,518,782
2018-12-31
Total unrelated business incomeUSD $ 483,200
Program Service Revenue from prior yearUSD $ 22,242,720
Program Service Revenue from current yearUSD $ 24,582,110
Investment Income from prior yearUSD $ 65,731
Investment Income from current yearUSD $ 215,147
Other Revenue from prior yearUSD $ 1,173,235
Other Revenue from current yearUSD $ 1,018,579
Gross receipts from all sourcesUSD $ 25,850,506
Net assets / fund balances at end of fiscal yearUSD $ 30,756,760
Net assets / fund balances at beginning of fiscal yearUSD $ 30,681,169
Total liabilities at end of fiscal yearUSD $ 48,646,372
Total liabilities at beginning of fiscal yearUSD $ 38,473,675
Total assets at end of fiscal yearUSD $ 79,403,132
Total assets at beginning of fiscal yearUSD $ 69,154,844
Revenues less expenses for current yearUSD $ -89,126
Revenues less expenses for previous yearUSD $ 493,691
Total expenses for current yearUSD $ 25,904,962
Total expenses for previous yearUSD $ 22,987,995
Other expenses in current yearUSD $ 19,177,802
Other expenses in previous yearUSD $ 16,759,131
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 5,560,232
Employee salary and benefits paid in previous yearUSD $ 4,443,039
Benefits paid to or for members in current yearUSD $ 1,166,928
Benefits paid to or for members in previous yearUSD $ 1,785,825
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 25,815,836
Total revenue in previous fiscal yearUSD $ 23,481,686
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 545,112
2017-12-31
Total unrelated business incomeUSD $ 706,371
Net unrelated business incomeUSD $ -248,161
Program Service Revenue from prior yearUSD $ 23,024,397
Program Service Revenue from current yearUSD $ 22,242,720
Investment Income from prior yearUSD $ 235,614
Investment Income from current yearUSD $ 65,731
Other Revenue from prior yearUSD $ 1,058,388
Other Revenue from current yearUSD $ 1,173,235
Gross receipts from all sourcesUSD $ 23,481,686
Net assets / fund balances at end of fiscal yearUSD $ 30,681,169
Net assets / fund balances at beginning of fiscal yearUSD $ 29,377,855
Total liabilities at end of fiscal yearUSD $ 38,473,675
Total liabilities at beginning of fiscal yearUSD $ 32,285,289
Total assets at end of fiscal yearUSD $ 69,154,844
Total assets at beginning of fiscal yearUSD $ 61,663,144
Revenues less expenses for current yearUSD $ 493,691
Revenues less expenses for previous yearUSD $ 379,484
Total expenses for current yearUSD $ 22,987,995
Total expenses for previous yearUSD $ 23,938,915
Other expenses in current yearUSD $ 16,759,131
Other expenses in previous yearUSD $ 18,518,588
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 4,443,039
Employee salary and benefits paid in previous yearUSD $ 3,906,706
Benefits paid to or for members in current yearUSD $ 1,785,825
Benefits paid to or for members in previous yearUSD $ 1,513,621
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 23,481,686
Total revenue in previous fiscal yearUSD $ 24,318,399
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 706,371
2016-12-31
Total unrelated business incomeUSD $ 601,803
Net unrelated business incomeUSD $ -31,471
Program Service Revenue from prior yearUSD $ 23,688,929
Program Service Revenue from current yearUSD $ 23,024,397
Investment Income from prior yearUSD $ 60,126
Investment Income from current yearUSD $ 235,614
Other Revenue from prior yearUSD $ 485,691
Other Revenue from current yearUSD $ 1,058,388
Gross receipts from all sourcesUSD $ 24,330,800
Net assets / fund balances at end of fiscal yearUSD $ 29,377,855
Net assets / fund balances at beginning of fiscal yearUSD $ 28,578,202
Total liabilities at end of fiscal yearUSD $ 32,285,289
Total liabilities at beginning of fiscal yearUSD $ 30,796,973
Total assets at end of fiscal yearUSD $ 61,663,144
Total assets at beginning of fiscal yearUSD $ 59,375,175
Revenues less expenses for current yearUSD $ 379,484
Revenues less expenses for previous yearUSD $ 414,685
Total expenses for current yearUSD $ 23,938,915
Total expenses for previous yearUSD $ 23,820,061
Other expenses in current yearUSD $ 18,518,588
Other expenses in previous yearUSD $ 19,238,681
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,906,706
Employee salary and benefits paid in previous yearUSD $ 3,650,619
Benefits paid to or for members in current yearUSD $ 1,513,621
Benefits paid to or for members in previous yearUSD $ 930,761
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 24,318,399
Total revenue in previous fiscal yearUSD $ 24,234,746
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 601,803
2015-12-31
Total unrelated business incomeUSD $ 30,188
Program Service Revenue from prior yearUSD $ 22,991,045
Program Service Revenue from current yearUSD $ 23,688,929
Investment Income from prior yearUSD $ 47,333
Investment Income from current yearUSD $ 60,126
Other Revenue from current yearUSD $ 485,691
Gross receipts from all sourcesUSD $ 24,243,508
Net assets / fund balances at end of fiscal yearUSD $ 28,578,202
Net assets / fund balances at beginning of fiscal yearUSD $ 28,079,407
Total liabilities at end of fiscal yearUSD $ 30,796,973
Total liabilities at beginning of fiscal yearUSD $ 30,306,140
Total assets at end of fiscal yearUSD $ 59,375,175
Total assets at beginning of fiscal yearUSD $ 58,385,547
Revenues less expenses for current yearUSD $ 414,685
Revenues less expenses for previous yearUSD $ 549,729
Total expenses for current yearUSD $ 23,820,061
Total expenses for previous yearUSD $ 22,488,649
Other expenses in current yearUSD $ 19,238,681
Other expenses in previous yearUSD $ 18,214,222
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,650,619
Employee salary and benefits paid in previous yearUSD $ 3,454,499
Benefits paid to or for members in current yearUSD $ 930,761
Benefits paid to or for members in previous yearUSD $ 819,928
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 24,234,746
Total revenue in previous fiscal yearUSD $ 23,038,378
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 30,188
2014-12-31
Total unrelated business incomeUSD $ 30,164
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 21,628,577
Program Service Revenue from current yearUSD $ 22,991,045
Investment Income from prior yearUSD $ 98,025
Investment Income from current yearUSD $ 47,333
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 23,038,891
Net assets / fund balances at end of fiscal yearUSD $ 28,079,407
Net assets / fund balances at beginning of fiscal yearUSD $ 27,416,956
Total liabilities at end of fiscal yearUSD $ 30,306,140
Total liabilities at beginning of fiscal yearUSD $ 28,497,973
Total assets at end of fiscal yearUSD $ 58,385,547
Total assets at beginning of fiscal yearUSD $ 55,914,929
Revenues less expenses for current yearUSD $ 549,729
Revenues less expenses for previous yearUSD $ 51,274
Total expenses for current yearUSD $ 22,488,649
Total expenses for previous yearUSD $ 21,675,328
Other expenses in current yearUSD $ 20,790,146
Other expenses in previous yearUSD $ 19,799,616
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 878,575
Employee salary and benefits paid in previous yearUSD $ 871,508
Benefits paid to or for members in current yearUSD $ 819,928
Benefits paid to or for members in previous yearUSD $ 1,004,204
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 23,038,378
Total revenue in previous fiscal yearUSD $ 21,726,602
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 540130127

USA Mailing Address
PO BOX 264
MILLBORO
VA
24460
Date first seen: 2007-01-01
Date last seen: 2024-12-31
USA Mailing Address
PO BOX 264
MILLBORO
VA
244600264
Date first seen: 2018-11-14
Date last seen: 2023-11-12

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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