Doniphan Electric Cooperative Association Inc
- Assets
- $8.2m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Troy, KS
- Founding
- 09/1947
- Data as of
- 12/2023
- EIN
- 48-0198945
Organization Overview
Doniphan Electric Cooperative Association Inc is located in Troy, KS. The organization was established in 1947. 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 12/2023, Doniphan Electric Cooperative Association Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Doniphan Electric Cooperative Association 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 12/2023, Doniphan Electric Cooperative Association Inc generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 5 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RELIABLE ENERGY AND RELATED SERVICES TO OUR MEMBERS AT THE LOWEST COST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION AND SALE OF ELECTRICITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trevor Schmille Line Supt | 40 | $100,591 | |
Susan Williams Accountant | Officer | 40 | $56,160 |
Richard Lemke President | Trustee | 4 | $5,756 |
Timothy Hegarty Trustee | Trustee | 3 | $2,762 |
Grant Foley Vice-President | Trustee | 3 | $2,566 |
Norman Sigrist Secretary | Trustee | 3 | $2,327 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nreca Employee Insurance | 12/30/23 | $139,062 |
Border States Materials | 12/30/23 | $146,876 |
Brown Atchison Electric Cooperative Gm Salary | 12/30/23 | $143,857 |
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 | $3,205,404 |
| Investment income | $17,071 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $3,227,199 |
| 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 | $441,564 |
| Compensation of current officers, directors, key employees. | $104,176 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,241 |
| 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 | $53,574 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $269,834 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,227,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,086 |
| Savings and temporary cash investments | $95,871 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $409,395 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $268,539 |
| Prepaid expenses and deferred charges | $95,314 |
| Net Land, buildings, and equipment | $6,667,869 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $481,586 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,162,660 |
| Accounts payable and accrued expenses | $212,429 |
| 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 | $1,064,409 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $81,182 |
| Total liabilities | $1,358,020 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $24,665 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $6,779,975 |
| Total liabilities and net assets/fund balances | $8,162,660 |