Missouri Electric Cooperatives
- Assets
- $6.7m
- Revenue
- $12.5m
- Investments
- $327.2k
- Employees
- 35
- Location
- Jefferson City, MO
- Founding
- 10/1948
- Data as of
- 12/2021
- EIN
- 43-0631824
Organization Overview
Missouri Electric Cooperatives is located in Jefferson City, MO. The organization was established in 1948. 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, Missouri Electric Cooperatives employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missouri Electric Cooperatives is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Missouri Electric Cooperatives generated $12.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $11.4m during the year ending 12/2021. While expenses have increased by 1.4% 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 COORDINATE THE SERVICES PROVIDED BY OUR 47 MEMBER SYSTEMS TO ENSURE THE CONTINUED DELIVERY OF AFFORDABLE AND RELIABLE ELECTRICITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN SUPPORT OF THE MISSION OF THE ASSOCIATION OF MISSOURI ELECTRIC COOPERATIVES, THE RURAL MISSOURI MAGAZINE SERVES AS THE CHIEF MEANS OF COMMUNICATION FOR THE ASSOCIATION'S MEMBER SYSTEMS. IN 2021, RURAL MISSOURI STAFF PRINTED AND MAILED 6.89 MILLION COPIES OF THE PUBLICATION AT A COST THAT IS BELOW THE PRICE OF A POSTAGE STAMP. STAFF PRODUCED 652 PAGES OF MATERIAL TO INFORM MEMBERS ABOUT ISSUES RELATED TO THE ELECTRIC COOPERATIVE PROGRAM. IN ADDITION, WE PRODUCED AN AVERAGE OF 98 LOCAL PAGES PER MONTH THAT INFORMED MEMBERS ABOUT SERVICES AND EVENTS RELATED TO THEIR LOCAL SYSTEM. THE PUBLICATION ALSO SERVED AS THE OFFICIAL NOTICE OF ANNUAL MEETING FOR MEMBER SYSTEMS, SAVING MEMBER SYSTEMS AN AVERAGE OF $12,000.
THE RISK MANAGEMENT AND TRAINING DEPARTMENT PROVIDES ONSITE SAFETY MEETINGS, TRAINING SCHOOLS, CONFERENCES, TESTING SERVICES, MECIP AUDITS/INSPECTIONS, AECI RISK ASSESSMENTS, AND RESAP AUDITS FOR 46 ELECTRIC COOPERATIVES IN MISSOURI. DURING 2021, 275 SAFETY MEETINGS WERE PRESENTED AND 25 TRAINING SCHOOLS AND CONFERENCES. THE TOTAL NUMBER OF COOPERATIVE EMPLOYEES THAT ATTENDED TRAINING SCHOOLS AND CONFERENCES WAS 880. THIRTY-EIGHT MECIP AUDITS/INSPECTIONS WERE COMPLETED, 10 AECI RISK ASSESSMENTS AND 12 RESAP AUDITS WERE COMPLETED. THE TESTING PROGRAM TESTED 882 TRUCKS, 4,824 GROUNDS, 3,894 LIVE LINE TOOLS AND 10,687 PIECES OF COVER-UP. ALL BILLING TO COOPERATIVES WAS THROUGH AMEC.
COOPERATIVE ADVERTISING - THIS PROGRAM SERVES AS THE ADVERTISING PROGRAM FOR ALL OF MISSOURI'S ELECTRIC COOPERATIVES. MEDIA PURCHASES ARE MADE FOR COOPERATIVES BOTH INDIVIDUALLY AND COLLECTIVELY. THE GOAL IS TO RECEIVE A BETTER RATE FOR OUR SYSTEMS WITH GROUP PURCHASES AND HAVE STATEWIDE COVERAGE. THE ADS ARE A COMBINATION OF "ELECTRICAL SAFETY AND "BRAND MARKETING". WE ALSO RAN SOME ADS IN PRINT FORM. THESE WERE MAINLY IN RURAL MISSOURI MAGAZINE AND TODAY'S FARMER. SYSTEMS SERVED: 40 DISTRIBUTION COOPERATIVES, 6 GENERATION AND TRANSMISSION COOPERATIVES.BROADCAST AREA: RADIO - ENTIRE STATE OF MISSOURI, PLUS ADDITIONAL BROADCASTS DURING THE STATE FAIR. PRINT AREA IS THE ENTIRE STATE OF MISSOURI CIRCULATION. SOCIAL MEDIA IS PRESENT ON FACEBOOK, TWITTER, AND SOME WEB PAGES.NUMBER OF STATIONS/BROADCASTS/PRINTS/SOCIAL MEDIA: APPROXIMATELY 18 STATIONS, APPROXIMATELY 8,600 RADIO ADS, 12 PRINT ADS PER YEAR IN RURAL MISSOURI, AND 25 TIMES IN TODAY'S FARMER, AND OTHER AG MAGAZINES. ALSO PLACEMENT OF BANNERS ON INTERNET AND STREAMING TV SERVICES AND POSTS ON FACEBOOK. ADS WERE ALSO PLACED ON PANDORA AND SPOTIFY STREAMING RADIO.SHORT TERM GOALS: PROVIDE PUBLIC INFORMATION AS IT RELATES TO SAFETY AND CURRENT ISSUES OF ELECTRIC COOPERATIVES. EXAMPLES: RATE ISSUES, STORMS, ENERGY EFFICIENCY, ETC.LONG TERM GOALS: BUILDING A BASE FOR CONTINUALLY UPDATING OUR MEMBER OWNERS ON CURRENT EVENTS AND A CONSISTENT, ONGOING MESSAGE OF BEING SAFE AROUND ELECTRICITY. WE ALSO TRY TO PROVIDE THESE MESSAGES IN THE MOST ECONOMICAL AND BROAD MEANS POSSIBLE. THIS IS THE IDEA OF GROUP PURCHASE OF ADS ON BEHALF OF THE ENTIRE COOPERATIVE SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caleb Jones Ceo/exec. VP | Officer | 50 | $430,900 |
Kate Boatright Cfo/vp Finance | Officer | 50 | $209,095 |
Robert Land VP Risk Managment | 50 | $189,643 | |
Jim Mccarty VP Communications | 50 | $155,308 | |
Brent Stewart General Counsel | 50 | $146,267 | |
Craig Moeller Asst. Director Rmt | 50 | $130,255 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $767,996 |
| 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 | $767,996 |
| Total Program Service Revenue | $11,306,184 |
| Investment income | $14,301 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $109,211 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,550 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,454,617 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $705,919 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,781,838 |
| Pension plan accruals and contributions | $1,044,411 |
| Other employee benefits | $506,331 |
| Payroll taxes | $234,255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,624 |
| Fees for services: Accounting | $16,250 |
| Fees for services: Lobbying | $169,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $310,075 |
| Advertising and promotion | $586,381 |
| Office expenses | $409,345 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,680 |
| Travel | $323,860 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $324,933 |
| Interest | $13,619 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $246,848 |
| Insurance | $41,369 |
| All other expenses | $900 |
| Total functional expenses | $11,355,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,493,470 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $485,007 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,886 |
| Prepaid expenses and deferred charges | $1,087,517 |
| Net Land, buildings, and equipment | $1,302,361 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $327,201 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,702,442 |
| Accounts payable and accrued expenses | $1,591,811 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $253,309 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,845,120 |
| Net assets without donor restrictions | $4,857,322 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,702,442 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Missouri Electric Cooperatives has recieved totaling $170,200.
| Awarding Organization | Amount |
|---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: INTEGRITY FUND & EDUC FUND - YOUTH TOUR /CONF & LEADERSHIP EXP. (CYCLE) | $170,200 |
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 |