Northeast Missouri Electric Power Cooperative is located in Palmyra, MO. The organization was established in 1951. 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, Northeast Missouri Electric Power Cooperative employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Missouri Electric Power 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, Northeast Missouri Electric Power Cooperative generated $92.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $91.0m during the year ending 12/2021. While expenses have increased by 2.7% 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 POWER OUR MEMBERS WITH SAFE, RELIABLE, AFFORDABLE ELECTRICITY AND VALUE-ADDED SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELECTRIC POWER COOPERATIVE - WHOLESALE ELECTRIC ENERGY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Douglas H Aeilts CEO & General Manager | Officer | 54 | $2,393,043 |
Kevin F White Chief Operating Officer | Officer | 50 | $222,752 |
Landon Zaborowski Information Services & Tec | Officer | 48 | $169,420 |
Robert A Gray Asst Secretary/treasurer | Officer | 44 | $163,226 |
Douglas Drake Safety & Compliance Manage | Officer | 45 | $156,895 |
Gary Wood Operations Manager | Officer | 52 | $154,597 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Lanracorp Contractor Service | 12/30/21 | $389,915 |
Infosight Inc Contractor Service | 12/30/21 | $165,302 |
Allgeier Martin & Assoc Engineering Services | 12/30/21 | $1,169,880 |
Mi-tech Services Inc Pole Inspections | 12/30/21 | $102,538 |
Stanley Consultants Engineering Services | 12/30/21 | $339,549 |
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 | $92,155,443 |
Investment income | $91,900 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $13,176 |
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 | $92,260,519 |
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 | $2,624,234 |
Compensation of current officers, directors, key employees. | $3,648,316 |
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 | $2,452,028 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,421,155 |
Insurance | $0 |
All other expenses | $3,822,598 |
Total functional expenses | $91,029,200 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $3,886,170 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $7,692,833 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $7,808,158 |
Prepaid expenses and deferred charges | $381,566 |
Net Land, buildings, and equipment | $94,836,559 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $54,731,839 |
Intangible assets | $0 |
Other assets | $4,293,096 |
Total assets | $173,630,221 |
Accounts payable and accrued expenses | $7,571,535 |
Grants payable | $0 |
Deferred revenue | $3,781,514 |
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 | $76,170,559 |
Unsecured mortgages and notes payable | $12,895,948 |
Other liabilities | $2,399,063 |
Total liabilities | $102,818,619 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $900 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $70,810,702 |
Total liabilities and net assets/fund balances | $173,630,221 |
Organization Name | Assets | Revenue |
---|---|---|
East Kentucky Power Cooperative Inc Winchester, KY | $3,550,114,968 | $954,101,068 |
Middle Tennessee Electric Membership Corporation Murfreesboro, TN | $972,885,002 | $816,151,968 |
Kenergy Corp Henderson, KY | $260,651,880 | $473,591,627 |
Cumberland Electric Membership Corp Clarksville, TN | $559,882,187 | $327,722,843 |
Volunteer Energy Cooperative Decatur, TN | $369,462,846 | $270,037,507 |
Midwest Energy Inc Hays, KS | $627,319,066 | $242,109,196 |
Carroll Electric Cooperative Corporation Berryville, AR | $756,571,061 | $239,227,342 |
Nebraska Electric Generation And Transmission Cooperative Inc Columbus, NE | $24,698,351 | $237,875,387 |
First Electric Cooperative Corporation Jacksonville, AR | $572,577,962 | $234,356,715 |
Central Electric Power Cooperative Jefferson City, MO | $478,589,080 | $224,762,707 |
Duck River Electric Membership Corporation Shelbyville, TN | $294,861,810 | $219,371,768 |
Mississippi County Electric Cooperative Inc Blytheville, AR | $148,581,171 | $213,607,546 |