Modern Electric Water Company
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.
Modern Electric Water Company at a glance
In short: Modern Electric Water Company gave $183K across 8 grants in 2025 (avg $23K), mostly in Washington. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $183,251
- -89.0% vs 2024
- Grants made (2025)
- 8
- -38.5% vs 2024
- Average grant
- $22,906
- -82.1% vs 2024
- Median grant
- $17,500
- Total assets
- $88,603,456
- +10.5% vs 2024
- Primary geography
- Washington (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Modern Electric Water Company funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Spokane Valley Hub ($56K). Together the top 8 received $183K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 18 grants of 23 (78%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $80K (2023) to $1.7M (2024). In 2025 it made 8 grants totaling $183K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Spokane Valley Hub Greenacres, WA | 2025 Support | $55,842 |
| Family Promise of Spokane Spokane, WA | 2025 Support | $36,000 |
| Valleyfest Spokane Valley, WA | 2025 Support | $25,000 |
| Partners Inland Northwest Spokane Valley, WA | 2025 Support | $20,000 |
| Spokane Conservation District Spokane Valley, WA | 2025 Support | $15,000 |
| Greater Spokane Valley Chamber of Commerce Spokane Valley, WA | 2025 Support | $11,384 |
| Boys & Girls Clubs of Spokane County Spokane, WA | 2025 Support | $10,025 |
| Spokane Valley Christian School Spokane Valley, WA | 2025 Support | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $88,603,456 | $23,834,696 | $19,325,523 | $183,251 | 8 | $2,785,080 |
| 2024 | $80,149,153 | $22,397,520 | $19,325,289 | $1,665,782 | 13 | $2,893,463 |
| 2023 | $69,757,409 | $21,785,165 | $16,917,202 | $80,000 | 2 | $2,010,914 |
| 2022 | $60,070,028 | $5,253,543 | $3,093,766 | — | — | $1,928,891 |
| 2021 | $66,775,926 | $4,819,119 | $2,832,501 | — | — | $1,929,534 |
| 2020 | $60,057,555 | $2,912,863 | $2,716,611 | — | — | $1,297,945 |
| 2019 | $58,792,416 | $4,703,126 | $2,685,938 | — | — | $1,743,155 |
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.
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
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.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2023 (received by the IRS August 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS August 15, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS July 15, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS February 18, 2020)
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