Civic Intelligence

Boone Electric Cooperative

990 • Fiscal year 2015 • EIN 43-0188985

Jan 01, 2015 to Dec 31, 2015 • Filed on May 13, 2016

Organization Profilewww.booneelectric.coop

View Organization Page

PO Box 797Columbia, MO 65205-0797

(573) 449-4181

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

48th percentile

0.56x

Higher debt load relative to assets than 48% of similar nonprofits.

2015 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2015

Liabilities / Revenue

54th percentile

1.39x

Higher debt load relative to revenue than 54% of similar nonprofits.

2015 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2015

Net Margin

67th percentile

2.0%

Higher net margin than 67% of similar nonprofits.

2015 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2015

Top Officer Pay

53rd percentile

$295,371

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2015 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2015

Asset Growth

12th percentile

-0.9%

Faster asset growth than 12% of similar nonprofits.

2015 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Revenue Growth

29th percentile

-3.4%

Faster revenue growth than 29% of similar nonprofits.

2015 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets48th percentile

Assets

Down

$138,155,270

Down $1,216,924 (-0.9%) from 2014

Net Assets

Up

$60,648,597

Up $1,141,788 (+1.9%) from 2014

Liabilities

Down

$77,506,673

Down $2,358,712 (-3.0%) from 2014

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin67th percentile

Revenue

Down

$55,874,682

Down $1,973,159 (-3.4%) from 2014

Expenses

Down

$54,732,894

Down $2,104,720 (-3.7%) from 2014

Net Income

Up

$1,141,788

Up $131,561 (+13%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300M$200M$100M$0Assets 2011: $120,345,295Liabilities 2011: $66,930,540Net Assets 2011: $53,414,7552011Assets 2012: $126,680,005Liabilities 2012: $71,925,958Net Assets 2012: $54,754,0472012Assets 2013: $136,922,694Liabilities 2013: $78,426,112Net Assets 2013: $58,496,5822013Assets 2014: $139,372,194Liabilities 2014: $79,865,385Net Assets 2014: $59,506,8092014Assets 2015: $138,155,270Liabilities 2015: $77,506,673Net Assets 2015: $60,648,5972015Assets 2016: $143,949,916Liabilities 2016: $81,021,578Net Assets 2016: $62,928,3382016Assets 2017: $151,645,561Liabilities 2017: $86,544,933Net Assets 2017: $65,100,6282017Assets 2018: $160,350,392Liabilities 2018: $90,719,005Net Assets 2018: $69,631,3872018Assets 2019: $169,146,759Liabilities 2019: $96,429,105Net Assets 2019: $72,717,6542019Assets 2020: $181,862,194Liabilities 2020: $105,378,228Net Assets 2020: $76,483,9662020Assets 2021: $200,825,736Liabilities 2021: $118,425,402Net Assets 2021: $82,400,3342021Assets 2022: $214,466,398Liabilities 2022: $126,997,643Net Assets 2022: $87,468,7552022Assets 2023: $219,609,893Liabilities 2023: $127,648,030Net Assets 2023: $91,961,8632023Assets 2024: $224,112,212Liabilities 2024: $128,362,573Net Assets 2024: $95,749,6392024

Highlighted filing

2015

Assets$138,155,270
Liabilities$77,506,673
Net Assets$60,648,597
Open 2015 Filing

Operations Trend

Revenue Growth29th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0Revenue 2011: $52,573,667Expenses 2011: $52,448,982Net Income 2011: $124,6852011Expenses 2012: $53,365,2922012Revenue 2013: $56,718,310Expenses 2013: $52,975,775Net Income 2013: $3,742,5352013Revenue 2014: $57,847,841Expenses 2014: $56,837,614Net Income 2014: $1,010,2272014Revenue 2015: $55,874,682Expenses 2015: $54,732,894Net Income 2015: $1,141,7882015Revenue 2016: $57,836,795Expenses 2016: $56,221,860Net Income 2016: $1,614,9352016Revenue 2017: $58,946,239Expenses 2017: $56,773,949Net Income 2017: $2,172,2902017Revenue 2018: $66,286,722Expenses 2018: $61,755,963Net Income 2018: $4,530,7592018Revenue 2019: $64,344,021Expenses 2019: $61,257,754Net Income 2019: $3,086,2672019Revenue 2020: $65,495,242Expenses 2020: $61,728,930Net Income 2020: $3,766,3122020Revenue 2021: $65,114,805Expenses 2021: $59,198,437Net Income 2021: $5,916,3682021Revenue 2022: $67,889,675Expenses 2022: $62,821,254Net Income 2022: $5,068,4212022Revenue 2023: $72,698,018Expenses 2023: $68,204,910Net Income 2023: $4,493,1082023Revenue 2024: $76,383,296Expenses 2024: $72,595,520Net Income 2024: $3,787,7762024

Highlighted filing

2015

Revenue$55,874,682
Expenses$54,732,894
Net Income$1,141,788
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 13, 2016
Return Version
2015v2.1
Gross Receipts
$55,874,682
Mission and Program Overview

Mission

The mission of Boone Electric Cooperative is to be responsive to our members' needs by providing a dependable supple of electric energy and other services at the lowest possible cost consistent with sound business practices and cooperative principles.

To provide electricity to our cooperative members

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$99,227,043$102,618,161▲ $3,391,118
Rtn Earn Endowment Incm Other Fnds$59,506,809$60,648,597▲ $1,141,788
Investments Program Related$26,815,997$27,650,777▲ $834,780
Cash and Non-Interest-Bearing Accounts$7,325,278$2,900,201▼ $4,425,077
Inventories for Sale or Use$1,262,992$1,194,224▼ $68,768
Accounts Receivable$1,441,310$883,796▼ $557,514
Prepaid Expenses and Deferred Charges$177,093$175,941▼ $1,152
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$139,372,194$138,155,270▼ $1,216,924
Other Assets Total$3,122,481$2,732,170▼ $390,311
Liabilities
Mortgage Notes Payable Secured by Investment Property$74,560,287$71,849,703▼ $2,710,584
Accounts Payable and Accrued Expenses$3,995,377$4,371,217▲ $375,840
Other Liabilities$1,309,721$1,285,753▼ $23,968
Total Liabilities$79,865,385$77,506,673▼ $2,358,712
Net Assets / Fund Balance
Total Net Assets Fund Balance$59,506,809$60,648,597▲ $1,141,788
Total Liabilities and Net Assets / Fund Balance$139,372,194$138,155,270▼ $1,216,924

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$99,992,223$33,928,608$133,920,831
Buildings$1,402,469$4,596,858$5,999,327
Land$1,223,469-$1,223,469
Investment Program Related Org$1,250--
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Todd CulleyCEOFT$203,964$91,407$295,371
Vicki KemnaAssistant ManagerFT$142,840$127,629$270,469
Ryan EulissCFO/Manager of FinanceFT$142,087$76,722$218,809
Jay TurnerDirectorPT$27,329-$27,329
Keith SchnarreTreasurer-$25,002-$25,002
Karen KinkeadVice President-$24,377-$24,377
Nathan MartinSecretaryPT$21,998-$21,998
Joel BullardPresidentPT$21,451-$21,451
Wayne WilcoxDirectorPT$21,451-$21,451
Glen BeckmeyerDirectorPT$21,216-$21,216
Frank GlennDirector-$13,654-$13,654
Kimberly PonderDirectorPT$11,925-$11,925

Highest Paid Contractors

ContractorServicesLocationCompensation
Arbor RowROW ClearingPO Box 571, Osceola, MO 64776$613,791
NiscBilling & Accounting SoftwarePO Box 1147, Mandon, ND 58554$460,404
Asplundh Tree Expert CoROW ClearingPO Box 827464, Philadelphia, PA 19182$435,832
Burbridge Tree Service LLCROW Clearing4301 W Hwy 124, Harrisburg, MO 65256$344,285
Echo Powerline LLCLine ConstructionPO Box 539, Bunkie, LA 71322$173,746
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$55,819,963
Investment Income
$54,719
Other Revenue
$0
Change in Net Assets
$1,141,788

Audited Revenue Reconciliation

Revenue per Audited Statements
$55,874,682
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$55,874,682
Total Revenue per Form 990
$55,874,682
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$51,873,715
Grants and Similar Amounts Paid$338,761
Salaries, Compensation, and Employee Benefits$188,403
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$3,985,776--$3,985,776
Interest$3,652,716--$3,652,716
Other Expenses$3,137,901--$3,137,901
All Other Expenses$2,962,356--$2,962,356
Benefits to Members$2,332,015--$2,332,015
Grants to Domestic Orgs$338,761--$338,761
Current Officers, Directors, Trustees, and Key Employees$188,403--$188,403
Total Functional Expenses$54,732,894$0$0$54,732,894

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$54,732,894
Expenses per Audited Statements$52,062,118
Total Expenses per Audited Statements$52,062,118
Expenses Not Reported on Financial Statements$2,670,776
Other Expense Adjustments$2,670,776
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boone Electric Community TrustColumbia, MO501(c)(3)To provide grants for economic, youth, rural development, education, health and research$338,761
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Subject to proxy tax
No

Section 527 Organizations

OrganizationLocationAmount
43-0631824Jefferson City, MO$1,500
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Generating and Transmitting Cooperative partially owned by CooperativeThe Cooperative purchases it's energy from Central Electric Power for resale to its member/consumers.No$30,356,356
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$1,104,970
RUS Discount$179,070
Advance Payments$1,713
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“All of the Cooperative customers are members of the cooperative”

Form 990, Part VI, Section A, line 7A

“Members of the Cooperative meet at an annual meeting to vote on the board of directors and any changes to the bylaws of the Cooperative”

Form 990, Part VI, Section A, line 7B

“Cooperative member/consumers meet at an annual meeting to vote on proposed changes to the bylaws”

Form 990, Part VI, Section B, line 11

“Copies of Federal Form 990 are reviewed by the Board of Directors and formally approved before the return is filed.”

Form 990, Part VI, Section B, line 12C

“The organization requires an annual declaration by board members with notification of any change of status during the year. The Cooperative monitors compliance with the policy.”

Form 990, Part VI, Section B, line 15

“Compensation of the Organization's CEO is determined by the Board of Directors based on performance and comparability studies of similar organizations and documented in the minutes of the executive session of the board meetings.”

Form 990, Part VI, Section C, line 18

“Information is available upon request”

Form 990, Part VI, Section C, line 19

“Information on the Cooperative's governing documents are provided to all members and are available upon request from the Cooperative”

Filing and Contact Details

Filer

Filer Name
Boone Electric Cooperative
EIN
43-0188985
Phone
5734494181
Address
PO Box 797, Columbia, MO 65205-0797

Signing Officer

Name
Todd Culley
Title
General Manager
Phone
5734494181
Signed
2016-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Culley
Formed
1936
Legal Domicile
Mo
Voting Board Members
9
Independent Board Members
9
Employees
99
Volunteers
0

Preparer

Firm
Dennis G Koch CPA
Address
PO Box 1007, Quincy, IL 62306-1007
Preparer
Dennis G Koch
Phone
2172248484
Supplemental Narrative

Financial Statement Notes

Part XII, Line 4B - Other Adjustments:

“Capital Credits Retired, reported as amounts paid to members on Form 990 2,332,015. Capital Credits donated to Boone Electric Community Trust, Reported as Grant 338,761.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9CFO/Manager of Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt10Assistant Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt0338761
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0338761
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0338761
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt055874682
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt08
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ProgramServicesAmt03652716
IRS990/InterestGrp/TotalAmt03652716
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01262992
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01194224
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt054719
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt054719
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt026815997
IRS990/InvestmentsProgramRelatedGrp/EOYAmt027650777
IRS990/IRPDocumentCnt037
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt038525466
IRS990/LandBldgEquipBasisNetGrp/BOYAmt099227043
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0102618161
IRS990/LandBldgEquipCostOrOtherBssAmt0141143627
IRS990/LegalDomicileStateCd0MO
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt055369791
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The mission of Boone Electric Cooperative is to be responsive to our members' needs by providing a dependable supple of electric energy and other services at the lowest possible cost consistent with sound business practices and cooperative principles.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt074560287
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt071849703
IRS990/NetAssetsOrFundBalancesBOYAmt059506809
IRS990/NetAssetsOrFundBalancesEOYAmt060648597
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03122481
IRS990/OtherAssetsTotalGrp/EOYAmt02732170
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Cost of Purchased Power
IRS990/OtherExpensesGrp/Desc1Distribution Exp-Mainte
IRS990/OtherExpensesGrp/Desc2Administrative and Gene
IRS990/OtherExpensesGrp/Desc3Distribution Exp-Operat
IRS990/OtherExpensesGrp/ProgramServicesAmt030356356
IRS990/OtherExpensesGrp/ProgramServicesAmt14130235
IRS990/OtherExpensesGrp/ProgramServicesAmt23648375
IRS990/OtherExpensesGrp/ProgramServicesAmt33137901
IRS990/OtherExpensesGrp/TotalAmt030356356
IRS990/OtherExpensesGrp/TotalAmt14130235
IRS990/OtherExpensesGrp/TotalAmt23648375
IRS990/OtherExpensesGrp/TotalAmt33137901
IRS990/OtherLiabilitiesGrp/BOYAmt01309721
IRS990/OtherLiabilitiesGrp/EOYAmt01285753
IRS990/OtherSourcesGrossIncomeAmt0504891
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0177093
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0175941
IRS990/PrincipalOfficerNm0Todd Culley
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/BusinessCd3221000
IRS990/ProgramServiceRevenueGrp/Desc0Sales of Energy
IRS990/ProgramServiceRevenueGrp/Desc1Capital Credits
IRS990/ProgramServiceRevenueGrp/Desc2Other Electric Revenues
IRS990/ProgramServiceRevenueGrp/Desc3Non-Operating Margins
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt053472536
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11831136
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2458000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt358291
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt053472536
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11831136
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2458000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt358291
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt02041655
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt0233444
IRS990/PYInvestmentIncomeAmt067936
IRS990/PYOtherExpensesAmt054377978
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt057779905
IRS990/PYRevenuesLessExpensesAmt01010227
IRS990/PYSalariesCompEmpBnftPaidAmt0184537
IRS990/PYTotalExpensesAmt056837614
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt057847841
IRS990/ReconcilationRevenueExpnssAmt01141788
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt055874682
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt059506809
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt060648597
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0430631824
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0AMECPAC
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt01500
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt0P O Box 1645
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0Jefferson City
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0MO
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd065102
IRS990ScheduleD/BuildingsGrp/BookValueAmt01402469
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04596858
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05999327
IRS990ScheduleD/EquipmentGrp/BookValueAmt099992223
IRS990ScheduleD/EquipmentGrp/DepreciationAmt033928608
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0133920831
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02670776
IRS990ScheduleD/ExpensesSubtotalAmt052062118
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0276
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11785806
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt27194
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt31635494
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt424220757
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt51250
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Boone Electric Supply Company
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1Boone Electric Satellite Systems Inc
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2A Prime LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3NRUCFC - Capital Term Certificates
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4Patronage Capital - Associated Orgs
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5Miscellaneous
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/LandGrp/BookValueAmt01223469
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01223469
IRS990ScheduleD/OtherExpensesNotIncludedAmt02670776
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0179070
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11713
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21104970
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RUS Discount
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Advance Payments
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Customer Deposits
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt055874682
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Capital Credits Retired, reported as amounts paid to members on Form 990 2,332,015. Capital Credits donated to Boone Electric Community Trust, Reported as Grant 338,761.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0102618161
IRS990ScheduleD/TotalBookValueProgramRltdAmt027650777
IRS990ScheduleD/TotalExpensesPerForm990Amt054732894
IRS990ScheduleD/TotalLiabilityAmt01285753
IRS990ScheduleD/TotalRevenuePerForm990Amt055874682
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt055874682
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt052062118
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0338761
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To provide grants for economic, youth, rural development, education, health and research
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Boone Electric Community Trust
IRS990ScheduleI/RecipientTable/RecipientEIN0431790785
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 797
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Columbia
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MO
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd0652050797
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Cooperative grants unclaimed capital credits to the Boone Electric Community Trust. The Trust has a separate board of trustees who monitor and select the recipients within the Cooperative's service area. Reports are available to the Cooperative and a member of the Cooperative's management team sits on the Trust's board.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0142087
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1142840
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2203964
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount04078
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount14112
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount24769

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$138,155,270
Liabilities
$77,506,673
Net assets
$60,648,597
Revenue
$55,874,682
Expenses
$54,732,894
Net income
$1,141,788
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$224$128$95.7$76.4$72.6$3.79
2023Detailed filing. Detailed filing data is available for this year.$220$128$92.0$72.7$68.2$4.49
2022Detailed filing. Detailed filing data is available for this year.$214$127$87.5$67.9$62.8$5.07
2021Detailed filing. Detailed filing data is available for this year.$201$118$82.4$65.1$59.2$5.92
2020Detailed filing. Detailed filing data is available for this year.$182$105$76.5$65.5$61.7$3.77
2019Detailed filing. Detailed filing data is available for this year.$169$96.4$72.7$64.3$61.3$3.09
2018Detailed filing. Detailed filing data is available for this year.$160$90.7$69.6$66.3$61.8$4.53
2017Detailed filing. Detailed filing data is available for this year.$152$86.5$65.1$58.9$56.8$2.17
2016Detailed filing. Detailed filing data is available for this year.$144$81.0$62.9$57.8$56.2$1.61
2015Detailed filing. Detailed filing data is available for this year.$138$77.5$60.6$55.9$54.7$1.14
2014Detailed filing. Detailed filing data is available for this year.$139$79.9$59.5$57.8$56.8$1.01
2013Detailed filing. Detailed filing data is available for this year.$137$78.4$58.5$56.7$53.0$3.74
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$127$71.9$54.8$53.4
2011Summary only. Only limited summary data is available for this year.$120$66.9$53.4$52.6$52.4$0.12