Form 990 for tax year 2023
Filed by BARROW UTILITIES & ELECTRIC COOPERA.
Totals
- Total revenue
- $33,134,561
- Total expenses
- $31,681,124
- Contributions and grants received
- $0
- Grants paid
- $34,500
- Program service revenue
- $32,763,469
- Investment income
- $378,327
- Other revenue
- -$7,235
- Total assets, end of year
- $51,941,734
- Total liabilities, end of year
- $26,497,058
- Net assets or fund balances, end of year
- $25,444,676
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: BUS WATER AND SEWAGE
total $17,880,249 · related or exempt $17,880,249
-
2b · Program service revenue: ELECTRIC POWER
total $7,036,031 · related or exempt $7,036,031
-
2c · Program service revenue: WATER SALES
total $4,907,590 · related or exempt $4,907,590
-
2d · Program service revenue: GAS ELECTRIC
total $2,939,599 · related or exempt $2,939,599
-
3 · Investment income
total $378,327 · excluded $378,327
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: INVESTMENT IN ASSOCIATED ORGANIZATION
total -$7,235 · excluded -$7,235
-
11e · Other revenue, total
-$7,235
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $34,500
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $621,244
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $519,196
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $363,152
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $231,217
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $890,676
-
21 · Payments to affiliates
total $24,447
-
22 · Depreciation, depletion and amortization
total $2,538,402
-
23 · Insurance
total $392,974
-
24a · Other expenses: AMINISTRATIVE AND GENERAL
total $5,953,737
-
24b · Other expenses: BARROW SEWAGE DISTRIBUTION
total $5,115,386
-
24c · Other expenses: WATER FOR RESALE
total $3,824,509
-
24d · Other expenses: BARROW WATER DISTRIBUTION
total $3,240,075
-
24e · All other expenses
total $7,931,609
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,128,386 · end of year $3,995,821
-
2 · Savings and temporary cash investments
beginning of year $742,273 · end of year $642,435
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $5,010,231 · end of year $5,882,489
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $1,934,943 · end of year $2,166,155
-
9 · Prepaid expenses and deferred charges
beginning of year $2,420,775 · end of year $2,165,956
-
10a · Land, buildings and equipment: cost or other basis
$69,987,914
-
10b · Land, buildings and equipment: accumulated depreciation
$36,697,634
-
10c · Land, buildings and equipment, net
beginning of year $33,974,962 · end of year $33,290,280
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $3,306,664 · end of year $3,116,939
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $681,659
-
17 · Accounts payable and accrued expenses
beginning of year $1,845,221 · end of year $1,992,002
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $24,000,567 · end of year $22,364,144
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $2,001,314 · end of year $2,140,912
-
29 · Capital stock, trust principal or current funds
beginning of year $4,698 · end of year $4,698
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $24,666,434 · end of year $25,439,978
Mission and programs · 2023
Mission
PROVIDE WATER, SEWER, ELECTRIC POWER, AND NATURAL GAS TO THE RESIDENTS OF BARROW, ALASKA.
Activities or mission (Part I)
Utility cooperative
-
Provide water, sewer, electric power, and natural gas to the residents of Barrow, Alaska.
As filed on the 2023 return.
Listed in Part VII
-
Timothy RussellTIMOTHY RUSSELL
GENERAL MANAGER
- Total calculated
- $375,789
- From this org
- $260,699
- From related orgs
- $0
- Other
- $115,090
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $260,699
- Bonus
- not reported
- Other
- not reported
- Deferred
- $82,310
- Nontaxable benefits
- $32,780
- Filer's total
- $375,789
-
Aniseko Unutoa
BUS Plant Superintendent
- Total calculated
- $312,108
- From this org
- $212,534
- From related orgs
- $0
- Other
- $99,574
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $212,534
- Bonus
- not reported
- Other
- not reported
- Deferred
- $72,768
- Nontaxable benefits
- $26,806
- Filer's total
- $312,108
-
Yves Brower
Asst Bus Plant Superintendent
- Total calculated
- $311,368
- From this org
- $191,732
- From related orgs
- $0
- Other
- $119,636
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $191,732
- Bonus
- not reported
- Other
- not reported
- Deferred
- $66,498
- Nontaxable benefits
- $53,138
- Filer's total
- $311,368
-
Sangram Biswokarma
Senior Accountant
- Total calculated
- $300,813
- From this org
- $190,947
- From related orgs
- $0
- Other
- $109,866
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $190,947
- Bonus
- not reported
- Other
- not reported
- Deferred
- $57,595
- Nontaxable benefits
- $52,271
- Filer's total
- $300,813
-
Jack Lyons
Journeyman Lineman
- Total calculated
- $288,860
- From this org
- $182,380
- From related orgs
- $0
- Other
- $106,480
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,380
- Bonus
- not reported
- Other
- not reported
- Deferred
- $55,839
- Nontaxable benefits
- $50,641
- Filer's total
- $288,860
-
William Berry
Power Plant Superintendent
- Total calculated
- $288,364
- From this org
- $196,108
- From related orgs
- $0
- Other
- $92,256
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $196,108
- Bonus
- not reported
- Other
- not reported
- Deferred
- $67,063
- Nontaxable benefits
- $25,193
- Filer's total
- $288,364
-
Lewis F Brower
Director
- Total calculated
- $63,357
- From this org
- $19,996
- From related orgs
- $0
- Other
- $43,361
- Hours/week
- 4
-
Maria Ortilla
Accoutning and Admin Manager
- Total calculated
- $39,737
- From this org
- $26,748
- From related orgs
- $0
- Other
- $12,989
- Hours/week
- 40
-
Don A Nungasak
Treasurer
- Total calculated
- $20,331
- From this org
- $20,100
- From related orgs
- $0
- Other
- $231
- Hours/week
- 4
-
Bernadette Fischer
Director
- Total calculated
- $19,955
- From this org
- $19,923
- From related orgs
- $0
- Other
- $32
- Hours/week
- 4
-
Frieda Kaleak
Secretary
- Total calculated
- $19,775
- From this org
- $18,775
- From related orgs
- $0
- Other
- $1,000
- Hours/week
- 4
-
Bernadette Adams
Director
- Total calculated
- $17,300
- From this org
- $17,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Tina A Wolgemuth
Director
- Total calculated
- $16,955
- From this org
- $16,684
- From related orgs
- $0
- Other
- $271
- Hours/week
- 4
-
Frederick F Brower
Vice President
- Total calculated
- $15,431
- From this org
- $15,200
- From related orgs
- $0
- Other
- $231
- Hours/week
- 4
-
Price E Brower
President
- Total calculated
- $15,283
- From this org
- $13,750
- From related orgs
- $0
- Other
- $1,533
- Hours/week
- 4
-
Karl Derek Ahgeak
Director
- Total calculated
- $10,324
- From this org
- $8,000
- From related orgs
- $0
- Other
- $2,324
- Hours/week
- 4
-
Chastity Olemaun
Director
- Total calculated
- $7,008
- From this org
- $7,008
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Form 990, Schedule J, Part I, Line 3:
- Written employment contract, with annual increases after Board of Directors special meetings regarding General Manager review.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
North Slope Borough School District
$23,500
equip, event, travel
-
Native Village of Barrow
$11,000
Games and dances
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422269349301817
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