United Electric Cooperative Inc
- Assets
- $168.5m
- Revenue
- $27.1m
- Investments
- $0.0
- Employees
- 89
- Location
- Savannah, MO
- Founding
- 09/2005
- Data as of
- 12/2018
- EIN
- 43-1767011
Organization Overview
United Electric Cooperative Inc is located in Savannah, MO. The organization was established in 2005. 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 12/2018, United Electric Cooperative Inc employed 89 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Electric Cooperative Inc 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 12/2018, United Electric Cooperative Inc generated $27.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $27.1m during the year ending 12/2018. While expenses have increased by 3.4% per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
WE, THE BOARD OF EMPLOYEES OF UNITED ELECTRIC COOPERATIVE, INC. ARE COMMITTED TO ENHANCING THE RURAL WAY OF LIFE THROUGH UNITED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE PROVIDES AND SELLS ELECTRICITY TO APPROXIMATELY 10,000 RURAL MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Schenkel Director | Trustee | 8 | $6,600 |
Deborah Knadler Director | Trustee | 8 | $6,300 |
Jerry Fine Director | Trustee | 8 | $8,100 |
Gary Hull Director | Trustee | 8 | $12,000 |
John Runde Director | Trustee | 8 | $4,500 |
John Killgore Director | Trustee | 8 | $6,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Border States Vendor Management Inventory | 12/30/18 | $2,968,676 |
E L Crawford Construction Inc New Building Construction | 12/30/18 | $1,811,884 |
Sinkhorn & Son Inc Row Clearing | 12/30/18 | $944,528 |
Sellenriek Construction Inc Fiber Construction | 12/30/18 | $893,011 |
Ies Commercial Inc Electric Line Construction | 12/30/18 | $757,762 |
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 | $25,445,658 |
| Investment income | $38,542 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,635 |
| 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 | $27,070,922 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,145 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,223,767 |
| Compensation of current officers, directors, key employees. | $498,958 |
| 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 | $3,749,517 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,642,883 |
| Insurance | $0 |
| All other expenses | $2,458,804 |
| Total functional expenses | $27,070,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,137 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,493,100 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,533,652 |
| Net Land, buildings, and equipment | $99,034,937 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $45,141,932 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $168,473,758 |
| Accounts payable and accrued expenses | $18,645,668 |
| Grants payable | $0 |
| Deferred revenue | $1,233,807 |
| 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 | $115,037,645 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $134,917,120 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $52,790 |
| Paid-in or capital surplus, or land, building, or equipment fund | $14,293 |
| Total net assets or fund balances | $33,556,638 |