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Modern Electric Water Company

Public charity · Grantmaker Spokane, WA EIN: 91-0323430 Website

Modern Electric Water Company, a customer-owned utility, strives to provide safe, reliable, and affordable electric and water services as well as enhance and enrich the lives of the community we serve.

Key facts about Modern Electric Water Company

In short: Modern Electric Water Company gave $183K across 8 grants in 2025 (avg $23K), mostly in Washington. Source: 2025 IRS Form 990.

EIN
91-0323430
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$183,251
Grants made (2025)
8
Average grant
$22,906
Median grant
$17,500
Total assets
$88,603,456
Primary geography
Washington (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$88.6M

+10.5% YoY

Annual Giving

$183K

-89.0% YoY

Grant Count

8

-38.5% YoY

Avg Grant Size

$23K

-82.1% YoY

About Modern Electric Water Company

Based on IRS filings

Modern Electric Water Company is a public charity, based in Spokane, WA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $88.6M in total assets. In 2025, it awarded 8 grants totaling $183K. Net investment income was $2.8M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 8 itemized grants.

States

Cities

Spokane ValleySpokaneGreenacresOlympia

Giving Over Time

Total grant dollars and number of grants per year

$0$500K$1M$1.5M$2M0 grants2019 0 grants2020 0 grants2021 0 grants2022 2 grants2023 13 grants2024 8 grants2025

From 2023 to 2025, annual grant giving ranged from $80K (2023) to $1.7M (2024). In 2025 it made 8 grants totaling $183K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2025

Spokane Valley Hub: $56KSpokane Valley Hub$56KFamily Promise of Spokane: $36KFamily Promise of Spokane$36KValleyfest: $25KValleyfest$25KPartners Inland Northwest: $20KPartners Inland Northwest$20KSpokane Conservation District: $15KSpokane Conservation District$15KGreater Spokane Valley Chamber of Commerce: $11KGreater Spokane Valley Chamberof Commerce$11KBoys & Girls Clubs of Spokane County: $10KBoys & Girls Clubs of SpokaneCounty$10KSpokane Valley Christian School: $10KSpokane Valley ChristianSchool$10K

The largest 2025 recipient was Spokane Valley Hub ($56K). Together the top 8 received $183K.

Grant Size Distribution

23 grants across all recorded years

18<$50K4$50–100K$100–250K$250–500K$500K–1M1$1–5M$5M+

The most common grant size was under $50K: 18 grants of 23 (78%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Spokane Valley Hub Greenacres, WA2025 Support$55,842
Family Promise of Spokane Spokane, WA2025 Support$36,000
Valleyfest Spokane Valley, WA2025 Support$25,000
Partners Inland Northwest Spokane Valley, WA2025 Support$20,000
Spokane Conservation District Spokane Valley, WA2025 Support$15,000
Greater Spokane Valley Chamber of Commerce Spokane Valley, WA2025 Support$11,384
Boys & Girls Clubs of Spokane County Spokane, WA2025 Support$10,025
Spokane Valley Christian School Spokane Valley, WA2025 Support$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$10M$20M$30M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$88,603,456$80,149,153$69,757,409
Revenue$23,834,696$22,397,520$21,785,165
Expenses$19,325,523$19,325,289$16,917,202
Net Investment Income$2,785,080$2,893,463$2,010,914

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2023 (received by the IRS August 15, 2024)
  2. Updated Form 990 for fiscal year 2024 (received by the IRS August 15, 2025)
  3. Added Form 990 for fiscal year 2025 (received by the IRS July 15, 2026)
  4. Added Form 990 for fiscal year 2019 (received by the IRS February 18, 2020)

Leadership & Key People

Officers and directors from IRS filings

Modern Electric Water Company is led by Joe Morgan, CEO since 2024 (on filings since 2019); all 13 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Joe Morgan

    CEO

    General Mana → General Manager, 2023

    General Manager → CEO, 2024

    On filings since 2019

    50 hrs/week

    $233K (2019) → $333K (2025)

  • Dave Thompson

    President

    Board President → President, 2023

    On filings since 2019

    2.5 hrs/week

    $10K (2019) → $12K (2025)

  • Scott Hislop

    Director

    Board Director → Director, 2023

    On filings since 2019

    1.5 hrs/week

    $8K (2019) → $7K (2025)

  • John McFeely

    Director of Engineering

    Engineering → Engineering Manager, 2023

    Engineering Manager → Director of Engineering, 2025

    On filings since 2021

    42 hrs/week

    $180K (2021) → $218K (2025)

  • Charles Taes

    Director

    New on the 2025 filing

    3 hrs/week

    $12K (2025)

  • Barry Baker

    Vice President

    Board Vice P → Vice President, 2023

    On filings since 2019

    2 hrs/week

    $5K (2019) → $9K (2025)

  • Sam Waldron

    Secretary & Treasurer

    Board Secretary → Secretary & Treasurer, 2023

    On filings since 2019

    2 hrs/week

    $10K (2019) → $9K (2025)

  • Robert McDaniel

    Lineman

    Journeyman Lineman → Lineman, 2025

    On filings since 2023

    42 hrs/week

    $109K (2023) → $164K (2025)

  • Ward Frederickson

    Line Foreman

    Line Crew Foreman → Line Foreman, 2025

    On filings since 2023

    42 hrs/week

    $125K (2023) → $174K (2025)

  • Yelena Lazanis

    CFO

    On filings since 2023

    50 hrs/week

    $129K (2023) → $176K (2025)

  • Lance Yoppini

    Equipment Operator & Installer

    On filings since 2024

    41 hrs/week

    $109K (2024) → $125K (2025)

  • Eric Harris

    Electric Meter Tester & Electrician

    New on the 2025 filing

    40 hrs/week

    $123K (2025)

  • Joshua Mathews

    Electric Superintendent

    New on the 2025 filing

    46 hrs/week

    $154K (2025)

Former officers (6)
  • Former: Chuck Taes (2019–2024) — Director
  • Former: Eric Gustafson (2024) — Journeyman Lineman
  • Former: Zachary Walker (2024) — Journeyman Lineman
  • Former: Darlene Albi (2023) — Customer Service Manager
  • Former: Gustav Laramie (2023) — Electric Superintendent
  • Former: Patrick Detlaff (2023) — Line Crew Foreman

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Joe Morgan — CEO: $333KJoe MorganCEO$333KJohn McFeely — Director of Engineering: $218KJohn McFeelyDirector of Engineering$218KYelena Lazanis — CFO: $176KYelena LazanisCFO$176KWard Frederickson — Line Foreman: $174KWard FredericksonLine Foreman$174KRobert McDaniel — Lineman: $164KRobert McDanielLineman$164KJoshua Mathews — Electric Superintendent: $154KJoshua MathewsElectric Superintendent$154KLance Yoppini — Equipment Operator/Installer: $125KLance YoppiniEquipment Operator/Installer$125KEric Harris — Electric Meter Tester & Electrician: $123KEric HarrisElectric Meter Tester &…$123KCharles Taes — Director: $12KCharles TaesDirector$12KDave Thompson — President: $12KDave ThompsonPresident$12KBarry Baker — Vice President: $9KBarry BakerVice President$9KSam Waldron — Secretary/Treasurer: $9KSam WaldronSecretary/Treasurer$9KScott Hislop — Director: $7KScott HislopDirector$7K

The highest reported compensation on the 2025 filing was $333K, to Joe Morgan (CEO). 13 officers or directors reported compensation on that filing.

Frequently asked questions about Modern Electric Water Company

How much does Modern Electric Water Company give each year?

Modern Electric Water Company gave $183K across 8 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $1.7M across 13 grants.

What is Modern Electric Water Company's typical grant size?

Modern Electric Water Company's median grant in 2025 was $17,500, and its average grant was $22,906, across 8 grants on its 2025 IRS Form 990.

Where does Modern Electric Water Company give grants?

Modern Electric Water Company gives mostly in Washington: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Spokane Valley, WA (5 grants) and Spokane, WA (2 grants).

Does Modern Electric Water Company give general operating support?

Not in 2025: none of the 8 grants with a stated purpose on Modern Electric Water Company's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "2025 Support" (8 grants).

Who are Modern Electric Water Company's largest grantees?

Modern Electric Water Company's largest 2025 grantees include Spokane Valley Hub ($55,842), Family Promise of Spokane ($36,000) and Valleyfest ($25,000), according to its 2025 IRS Form 990. Together they received 64% of its itemized 2025 grant dollars.

How large is Modern Electric Water Company?

Modern Electric Water Company reported $88.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $23.8M.

What is Modern Electric Water Company's EIN?

Modern Electric Water Company's EIN (Employer Identification Number) is 91-0323430. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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