Consolidated Electric Cooperative
- Assets
- $68.6m
- Revenue
- $25.9m
- Investments
- $1.8k
- Employees
- 40
- Location
- Mexico, MO
- Founding
- 08/1939
- Data as of
- 12/2022
- EIN
- 43-0226184
Organization Overview
Consolidated Electric Cooperative is located in Mexico, MO. The organization was established in 1939. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Consolidated Electric Cooperative employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consolidated Electric Cooperative is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, Consolidated Electric Cooperative generated $25.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $25.5m during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MEMBER-OWNERS WITH QUALITY, RELIABLE ELECTRIC AND RELATED SERVICES CONSISTENT WITH SOUND BUSINESS PRACTICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE DISTRIBUTES ELECTRIC ENERGY TO RURAL CONSUMER/MEMBERS IN EIGHT COUNTIES WITH APPROXIMATELY 6,528 MEMBERS. THE COOPERATIVE WILL CONTINUE TO MAINTAIN AND UPGRADE ELECTRIC LINES TO PROVIDE RELIABLE ELECTRIC SERVICE ON A COOPERATIVE BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Thompson General Manager | Officer | 42 | $221,583 |
Carl Aulbur Operations Superintendent | 40 | $142,697 | |
M Troy Crum Operations Coordinator | 42 | $138,011 | |
Melanie Oetting Mgr Admin Services | 41 | $124,023 | |
Steven Tiller Working Forman | 46 | $122,699 | |
Christa Baumhoer Mgr Of Finance & Accountin | Officer | 40 | $114,631 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Osmose Utility Services Pole Inspection | 12/30/22 | $203,934 |
Tom's Tree Service Row Clearing | 12/30/22 | $826,783 |
Nisc Computer Software | 12/30/22 | $123,615 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $25,743,337 |
| Investment income | $110,757 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $86,204 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,940,298 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,360,576 |
| Compensation of current officers, directors, key employees. | $502,537 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $944,895 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,080,639 |
| Insurance | $0 |
| All other expenses | $539,713 |
| Total functional expenses | $25,459,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,659 |
| Savings and temporary cash investments | $4,433,734 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,763,016 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,089,343 |
| Prepaid expenses and deferred charges | $88,917 |
| Net Land, buildings, and equipment | $45,137,727 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,793 |
| Investments—program-related | $14,890,430 |
| Intangible assets | $0 |
| Other assets | $13,458 |
| Total assets | $68,636,077 |
| Accounts payable and accrued expenses | $2,455,791 |
| Grants payable | $0 |
| Deferred revenue | $500,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $33,866,695 |
| Unsecured mortgages and notes payable | $10,222 |
| Other liabilities | $1,462,055 |
| Total liabilities | $38,294,763 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $146,015 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $30,195,299 |
| Total liabilities and net assets/fund balances | $68,636,077 |