NonprofitsOtsego Electric Cooperative Inc

Otsego Electric Cooperative Inc

HARTWICK, NY

Total revenue

$13.5M

Total expenses

$13.1M

Net assets

$17.5M

Grants received

EIN

150500061

Tax year

2024

Mission

The Mission of Otsego Electric Cooperative, Inc. is working to improve the quality of life of our members and our communities. The Purpose of Otsego Electric Cooperative, Inc. is to provide cost competitive, safe and reliable energy and broadband solutions.

Programs

1 program

Provide high speed internet service on a cooperative basis through the allocation of patronage capital to all member-patrons of the broadband business.patronage basis 2,909 membersnonpatronage basis 1,128 nonmembers

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$13.3M
Investment income$145K
Other revenue
Total revenue$13.5M

Expenses

Grants paid
Salaries & benefits$2.7M
Fundraising
Other expenses$8.9M
Total expenses$13.1M
Total assets$55.2M
Net assets$17.5M

People

14 listed

NameRoleCompensation

TIMOTHY R JOHNSON

CEO/counsel

Board

$201K

42.9 hrs/wk

CODY ALLEN

DIRECTOR ACCT

Board

$119K

48 hrs/wk

PATRICK HOOKER

Director

Board

$8K

9.1 hrs/wk

GARY POTTER

President

Board

$7K

2.3 hrs/wk

CHARLES ARNOLD

Vice President

Board

$6K

2.4 hrs/wk

EDWARD CLARKE

Treasurer

Board

$6K

2.5 hrs/wk

STEVEN CHILD

Secretary

Board

$5K

2.2 hrs/wk

AMY PARR

DIRECTOR

Board

$4K

2.3 hrs/wk

FREDERICK BRAUN JR

DIRECTOR

Board

$4K

1.8 hrs/wk

KEVIN M ROTTINGEN

LINE FOREMAN

Staff

$163K

45.5 hrs/wk

JUSTIN MARCH

MAINTENANCE FOREMA

Staff

$145K

45.3 hrs/wk

BRAD ALGER

1ST CLASS LINEMAN

Staff

$136K

45.3 hrs/wk

Frederick Beardslee Jr

APPRENTICE LINEMAN

Staff

$130K

45.9 hrs/wk

STEVEN SICKLER

CONSTRUCT FOREMAN

Staff

$128K

44.4 hrs/wk

Independent contractors

BENTON TECHNICAL SERVICES INC

FIBER OPTIC CABLE CONST

$524K

NORTHLINE UTILITIES LLC

FIBER OPTIC CABLE CONST

$438K

IRONWOOD HEAVY HIGHWAY LLC

RIGHT-OF-WAY CLEARING

$422K

SB&C SERVICES 59 LLC

FIBER OPTIC CABLE CONST

$121K

Details

EIN150500061
Subsection12
Ruling date1946-01
Formed1941
Employees26
OTSEGO ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo