Central Electric Power Cooperative
- Assets
- $478.6m
- Revenue
- $224.8m
- Investments
- $0.0
- Employees
- 122
- Location
- Jefferson City, MO
- Founding
- 05/1957
- Data as of
- 12/2021
- EIN
- 44-0542660
Organization Overview
Central Electric Power Cooperative is located in Jefferson City, MO. The organization was established in 1957. 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, Central Electric Power Cooperative employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central 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, Central Electric Power Cooperative generated $224.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $224.9m 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
PROVIDING ENERGY TO DISTRIBUTION COOPERATIVES IN CENTRAL MISSOURI
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRAL ELECTRIC POWER IS A GENERATION AND TRANSMISSION COOPERATIVE PROVIDING ENERGY TO DISTRIBUTION COOPERATIVES IN CENTRAL MISSOURI
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher M Turner Ceo/general Manager | Officer | 40 | $543,958 |
Larry Helms Cfo/vp Of Finance | Officer | 40 | $242,710 |
Mark J Newbold VP Of Admin Services | Officer | 40 | $216,298 |
Michael B Bax VP Of Engineering | Officer | 40 | $210,841 |
Adam M Weber VP Of Transmission S | Officer | 40 | $209,318 |
Amy Feldman Special Asst To CEO | Officer | 40 | $175,233 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Progressive Solutions Llc Herbicide Application | 12/30/21 | $144,816 |
Immersive Geomatics Solutions Llc Aerial Surveys-transmission Lines | 12/30/21 | $131,247 |
World Wide Tech Co Llc Software License/maint | 12/30/21 | $169,012 |
Joseph Chapman Construction Row Clearing | 12/30/21 | $140,441 |
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 | $224,557,415 |
| Investment income | $325,929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$120,637 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $224,762,707 |
| 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 | $7,242,725 |
| Compensation of current officers, directors, key employees. | $2,541,399 |
| 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 | $5,709,408 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,741,958 |
| Insurance | $0 |
| All other expenses | $1,991,351 |
| Total functional expenses | $224,917,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,344,446 |
| Savings and temporary cash investments | $16,500,050 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,728,824 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,047,957 |
| Inventories for sale or use | $17,759,371 |
| Prepaid expenses and deferred charges | $755,961 |
| Net Land, buildings, and equipment | $264,120,767 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $153,362,109 |
| Intangible assets | $0 |
| Other assets | $2,969,595 |
| Total assets | $478,589,080 |
| Accounts payable and accrued expenses | $23,148,668 |
| 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 | $206,020,806 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,095,226 |
| Total liabilities | $251,264,700 |
| 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 | $227,323,480 |
| Total liabilities and net assets/fund balances | $478,589,080 |
Peer Organizations
| 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 |