Middle Kuskokwim Electric Cooperative Inc
- Assets
- $2.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 24
- Location
- Bolivar, MO
- Founding
- 03/1982
- Data as of
- 12/2021
- EIN
- 92-0081913
Organization Overview
Middle Kuskokwim Electric Cooperative Inc is located in Bolivar, MO. The organization was established in 1982. 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, Middle Kuskokwim Electric Cooperative Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middle Kuskokwim 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 12/2021, Middle Kuskokwim Electric Cooperative Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 1.2% 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
PROVIDE RELIABLE AND AFFORDABLE ELECTRICITY TO ALASKA BUSH VILLAGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE PROVIDES ELECTRICITY TO SEVERAL ALASKA BUSH VILLAGES. IT IS THE ONLY ELECTRIC SERVICE UTILITY FOR THE AREA AND PROVIDES RELIABLE ELECTRICITY TO THE VILLAGERS. THE UTILITY IS MAINTAINED BY HIRING LOCAL VILLAGERS, PROVIDING TRAINING AND EDUCATION. THESE JOBS HELP BOOST THE LOCAL ECONOMY. WITHOUT THE COOPERATIVE THE VILLAGES WOULD HAVE UNRELIABLE ELECTRICITY OR NONE AT ALL. THERE WERE 180 ELECTRIC CUSTOMERS AS OF 12/31/21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Bauman General Manager | Officer | 40 | $96,016 |
Rhone Baumgartner Co-General Manager | Officer | 40 | $69,515 |
Thomas R Baumgartner Co-General Manager | Officer | 40 | $57,460 |
Ruby Egrass Secretary/treasurer | OfficerTrustee | 2 | $20,925 |
Joseph Golley Board Member | Trustee | 1 | $1,380 |
Mary Willis President | OfficerTrustee | 2 | $0 |
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 | $698,313 |
| Investment income | $0 |
| 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 | $1,342,839 |
| 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. | $248,991 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,240 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,635 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,399 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,041 |
| Advertising and promotion | $0 |
| Office expenses | $39,419 |
| Information technology | $11,884 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,597 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $958 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $296,620 |
| Insurance | $27,845 |
| All other expenses | $0 |
| Total functional expenses | $1,303,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $483,734 |
| Savings and temporary cash investments | $5,905 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $121,316 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $266,896 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,040,885 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,918,736 |
| Accounts payable and accrued expenses | $16,392 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,274,513 |
| Total liabilities | $2,290,905 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $15,800 |
| Paid-in or capital surplus, or land, building, or equipment fund | $853,467 |
| Retained earnings, endowment, accumulated income, or other funds | -$241,436 |
| Total liabilities and net assets/fund balances | $2,918,736 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missouri Rural Electric Cooperative Palmyra, MO | $37,368,089 | $19,573,881 |
Sedgwick County Electric Cooperative Association Inc Cheney, KS | $36,473,709 | $18,891,382 |
Monroe County Electric Coop Inc Waterloo, IL | $48,641,421 | $17,977,778 |
Gascosage Electric Cooperative Dixon, MO | $57,774,455 | $19,748,899 |
North Central Missouri Electric Cooperative Inc Milan, MO | $39,341,969 | $18,294,115 |
Rathbun Regional Water Association Inc Centerville, IA | $143,535,509 | $19,524,917 |
City Corporation Russellville, AR | $192,508,552 | $18,660,828 |
Clinton County Electric Cooperative Inc Breese, IL | $36,047,909 | $16,814,895 |
T I P Rural Electric Cooperative Brooklyn, IA | $57,344,467 | $17,059,790 |
Nishnabotna Valley Rural Electric Cooperative Harlan, IA | $46,708,124 | $17,798,413 |
Lewis County Rural Electric Cooperative Association Lewistown, MO | $54,864,852 | $16,122,435 |
Lyon-Coffey Electric Cooperative Inc Burlington, KS | $47,592,400 | $15,534,958 |