Gascosage Electric Cooperative
- Assets
- $57.8m
- Revenue
- $19.7m
- Investments
- $0.0
- Employees
- 52
- Location
- Dixon, MO
- Founding
- 06/1949
- Data as of
- 12/2021
- EIN
- 43-0618625
Organization Overview
Gascosage Electric Cooperative is located in Dixon, MO. The organization was established in 1949. 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 12/2021, Gascosage Electric Cooperative employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gascosage 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 12/2021, Gascosage Electric Cooperative generated $19.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $17.8m during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PURCHASE, ACQUIRE AND ACCUMULATE ELECTRIC ENERGY FOR, AND TO TRANSMIT, DISTRIBUTE, FURNISH, SELL AND DISPOSE OF SUCH ENERGY TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PURCHASE, ACQUIRE, AND ACCUMULATE ELECTRIC ENERGY FOR, AND TO TRANSMIT, DISTRIBUTE, FURNISH, SELL, AND DISPOSE OF SUCH ENERGY TO MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Hartwell General Manager | Officer | 40 | $115,524 |
Ronald Wiles Director | Trustee | 6 | $11,190 |
Alice Carlton Board Secretary | OfficerTrustee | 5 | $10,690 |
Donald Warnol Board President | OfficerTrustee | 9 | $10,390 |
Jacob Warren Director | Trustee | 8 | $10,190 |
James Humphrey Board Treasurer | OfficerTrustee | 5 | $9,940 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kiowa Line Builders Inc Construction | 12/30/20 | $384,555 |
Bbc Electric Construction/electric | 12/30/20 | $306,022 |
Kiowa Line Builders Inc Construction | 12/30/20 | $384,555 |
Bbc Electric Construction/electric | 12/30/20 | $306,022 |
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 | $19,961,540 |
| Investment income | $21,583 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$283,483 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,748,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $198,749 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,756,536 |
| Pension plan accruals and contributions | $479,279 |
| Other employee benefits | $55,582 |
| Payroll taxes | $252,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,889 |
| Fees for services: Accounting | $2,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,410 |
| Advertising and promotion | $18,911 |
| Office expenses | $214,473 |
| 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 | $680,380 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,666,571 |
| Insurance | $87,379 |
| All other expenses | $320,697 |
| Total functional expenses | $17,790,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $998,149 |
| Savings and temporary cash investments | $329,561 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,061,922 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $730,980 |
| Prepaid expenses and deferred charges | $348,257 |
| Net Land, buildings, and equipment | $49,365,167 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,853,253 |
| Intangible assets | $0 |
| Other assets | $87,166 |
| Total assets | $57,774,455 |
| Accounts payable and accrued expenses | $1,914,337 |
| Grants payable | $0 |
| Deferred revenue | $897,198 |
| 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 | $24,141,563 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $811,748 |
| Total liabilities | $27,764,846 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $162,660 |
| Paid-in or capital surplus, or land, building, or equipment fund | $29,846,949 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $57,774,455 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Black River Electric Cooperative Fredericktown, MO | $138,131,330 | $49,558,459 |
Shelby Energy Cooperative Inc Shelbyville, KY | $128,023,912 | $48,869,118 |
Tri-County Electric Cooperative Mount Vernon, IL | $133,948,921 | $48,522,537 |
Cumberland Valley Electric Co-Op Corp Gray, KY | $124,042,321 | $47,250,559 |
Rural Electric Co Op Inc Lindsay, OK | $94,050,768 | $47,989,459 |
Kiamichi Electric Cooperative Inc Wilburton, OK | $118,158,279 | $46,432,215 |
Pickwick Electric Cooperative Selmer, TN | $93,706,292 | $47,229,186 |
New Mac Electric Cooperative Inc Neosho, MO | $135,294,797 | $45,962,047 |
C & L Electric Cooperative Corporation Star City, AR | $139,600,891 | $49,154,793 |
Three Rivers Electric Cooperative Linn, MO | $111,680,117 | $44,711,641 |
Western Cooperative Electric Association Inc Wakeeney, KS | $116,000,475 | $44,441,643 |
Tennessee Valley Electric Cooperative Savannah, TN | $70,169,300 | $47,105,536 |