Cms Electric Cooperative Inc
- Assets
- $76.1m
- Revenue
- $29.7m
- Investments
- $0.0
- Employees
- 39
- Location
- Meade, KS
- Founding
- 03/1949
- Data as of
- 12/2022
- EIN
- 48-0500268
Organization Overview
Cms Electric Cooperative Inc is located in Meade, KS. The organization was established in 1949. 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 12/2022, Cms Electric Cooperative Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cms 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 12/2022, Cms Electric Cooperative Inc generated $29.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $26.8m during the year ending 12/2022. While expenses have increased by 0.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTION OF ELECTRICITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF ELECTRICITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Thompson CEO | Officer | 50 | $459,459 |
Charles A Martin Office Manager | 45 | $168,986 | |
Russell E Blehm Operations Manager | 45 | $162,103 | |
Michael G Bushnell District Manager-Coldwater | 40 | $148,661 | |
Lloyd Vanderpool Engineering Manager | 40 | $122,160 | |
Justin D Hegwood District Manager-Meade | 40 | $117,826 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Main Electric Ltd Line Contractor | 12/30/21 | $1,639,798 |
J And J Powerline Contractors Line Contractor | 12/30/21 | $1,254,029 |
Solida Tree Service Right Of Way | 12/30/21 | $126,751 |
Electricomm Inc Engineering | 12/30/21 | $1,205,848 |
Kepco Services Inc Engineering | 12/30/21 | $169,367 |
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 | $29,417,156 |
| Investment income | $135,922 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $90,839 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,650,125 |
| 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. | $560,270 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,459,417 |
| 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 | $26,458 |
| Office expenses | $103,464 |
| 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 | $2,154,067 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,477,259 |
| Insurance | $27,376 |
| All other expenses | $430,131 |
| Total functional expenses | $26,846,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,841,062 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,954,463 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,892,799 |
| Prepaid expenses and deferred charges | $71,556 |
| Net Land, buildings, and equipment | $56,723,276 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $10,345,554 |
| Intangible assets | $0 |
| Other assets | $272,058 |
| Total assets | $76,100,768 |
| Accounts payable and accrued expenses | $4,425,795 |
| 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 | $53,460,225 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,135,297 |
| Total liabilities | $59,021,317 |
| Net assets without donor restrictions | $0 |
| 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 | $17,079,451 |
| Total liabilities and net assets/fund balances | $76,100,768 |