Civic Intelligence

Boone Electric Cooperative

990 • Fiscal year 2017 • EIN 43-0188985

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 03, 2018

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

55th percentile

0.57x

Higher debt load relative to assets than 55% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

58th percentile

1.47x

Higher debt load relative to revenue than 58% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Net Margin

77th percentile

3.7%

Higher net margin than 77% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

63rd percentile

$342,065

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Asset Growth

79th percentile

5.3%

Faster asset growth than 79% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

52nd percentile

1.9%

Faster revenue growth than 52% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$151,645,561

Up $7,695,645 (+5.3%) from 2016

Net Assets

Up

$65,100,628

Up $2,172,290 (+3.5%) from 2016

Liabilities

Up

$86,544,933

Up $5,523,355 (+6.8%) from 2016

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin77th percentile

Revenue

Up

$58,946,239

Up $1,109,444 (+1.9%) from 2016

Expenses

Up

$56,773,949

Up $552,089 (+1.0%) from 2016

Net Income

Up

$2,172,290

Up $557,355 (+35%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth79th 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

2017

Assets$151,645,561
Liabilities$86,544,933
Net Assets$65,100,628
Open 2017 Filing

Operations Trend

Revenue Growth52nd 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

2017

Revenue$58,946,239
Expenses$56,773,949
Net Income$2,172,290
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 3, 2018
Return Version
2017v2.3
Gross Receipts
$58,946,239
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$104,638,895$107,655,702▲ $3,016,807
Rtn Earn Endowment Incm Other Fnds$62,928,338$65,100,628▲ $2,172,290
Investments Program Related$28,683,784$30,418,117▲ $1,734,333
Accounts Receivable$5,051,710$5,258,918▲ $207,208
Cash and Non-Interest-Bearing Accounts$1,574,152$4,880,617▲ $3,306,465
Inventories for Sale or Use$1,269,092$1,128,943▼ $140,149
Other Notes and Loans Receivable, Net$216,000$180,000▼ $36,000
Prepaid Expenses and Deferred Charges$174,423$171,714▼ $2,709
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$143,949,916$151,645,561▲ $7,695,645
Other Assets Total$2,341,860$1,951,550▼ $390,310
Liabilities
Mortgage Notes Payable Secured by Investment Property$72,421,715$77,587,558▲ $5,165,843
Accounts Payable and Accrued Expenses$7,349,253$7,747,446▲ $398,193
Other Liabilities$1,250,610$1,209,929▼ $40,681
Total Liabilities$81,021,578$86,544,933▲ $5,523,355
Net Assets / Fund Balance
Total Net Assets Fund Balance$62,928,338$65,100,628▲ $2,172,290
Total Liabilities and Net Assets / Fund Balance$143,949,916$151,645,561▲ $7,695,645

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$106,195,361$39,238,577$145,433,938
Buildings$619,436$4,943,618$5,563,054
Land$840,905-$840,905
Investment Program Related Org$1,250--
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vicki KemnaAssistant ManagerFT$178,205$163,860$342,065
Todd CulleyCEOFT$237,579$91,284$328,863
Ryan EulissCFO/Manager of FinanceFT$161,870$82,479$244,349
James GoodnightOperations ManagerFT$128,761$70,187$198,948
Andrew PetriManager of Engineering andFT$135,056$59,774$194,830
Christopher RohlfingManager of Member ServicesFT$124,653$62,366$187,019
Ronald MorseUG Const ForemanFT$117,989$42,430$160,419
Andrew StantonDirector-$29,361-$29,361
Karen McBride KinkeadVice President-$28,371-$28,371
Wayne WilcoxDirectorPT$27,352-$27,352
Jay TurnerDirectorPT$27,151-$27,151
Joel BullardPresidentPT$25,408-$25,408
Glen BeckmeyerDirectorPT$22,575-$22,575
Keith SchnarreTreasurer-$15,779-$15,779
Frank GlennSecretaryPT$13,837-$13,837
Kimberly PonderDirectorPT$13,560-$13,560

Highest Paid Contractors

ContractorServicesLocationCompensation
GE Energy Mgt Services LLCEnergy Mgt SvcsPO Box 743509, Atlanta, GA 30379$1,483,983
Arbor RowROW ClearingPO Box 571, Osceola, MO 64776$785,656
NiscBilling & Accounting SoftwarePO Box 1147, Mandon, ND 58554$456,659
Burbridge Tree Service LLCROW Clearing4301 W Hwy 124, Harrisburg, MO 65256$425,751
LandisGyr Technology IncTech ServicesPO Box 78000, Detroit, MI 48278$153,653
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$58,867,031
Investment Income
$79,208
Other Revenue
$0
Change in Net Assets
$2,172,290

Audited Revenue Reconciliation

Revenue per Audited Statements
$58,946,239
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$58,946,239
Total Revenue per Form 990
$58,946,239
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$53,842,680
Salaries, Compensation, and Employee Benefits$605,022
Grants and Similar Amounts Paid$125,155
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$4,442,588--$4,442,588
Interest$3,719,740--$3,719,740
All Other Expenses$3,197,659--$3,197,659
Other Expenses$3,186,764--$3,186,764
Benefits to Members$2,201,092--$2,201,092
Current Officers, Directors, Trustees, and Key Employees$605,022--$605,022
Grants to Domestic Orgs$125,155--$125,155
Total Functional Expenses$56,773,949$0$0$56,773,949

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$56,773,949
Expenses per Audited Statements$54,447,702
Total Expenses per Audited Statements$54,447,702
Expenses Not Reported on Financial Statements$2,326,247
Other Expense Adjustments$2,326,247
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-
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
No
Subject to proxy tax
No
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.Yes$31,950,519
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$1,061,340
RUS Discount$148,589
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 11B

“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
2018-09-03
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
104
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 2,201,092. Capital Credits donated to Boone Electric Community Trust, Reported as Grant 125,155.”

Raw XML AppendixShowing 400 of 703 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt07349253
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt07747446
IRS990/AccountsReceivableGrp/BOYAmt05051710
IRS990/AccountsReceivableGrp/EOYAmt05258918
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0To provide electricity to our cooperative members
IRS990/AllOtherExpensesGrp/ProgramServicesAmt03197659
IRS990/AllOtherExpensesGrp/TotalAmt03197659
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/ProgramServicesAmt02201092
IRS990/BenefitsToMembersGrp/TotalAmt02201092
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0The Organization
IRS990/BooksInCareOfDetail/PhoneNum05734494181
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 797
IRS990/BooksInCareOfDetail/USAddress/CityNm0Columbia
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MO
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0652050797
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd01
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt01574152
IRS990/CashNonInterestBearingGrp/EOYAmt04880617
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt05
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0605022
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0605022
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt01483983
IRS990/ContractorCompensationGrp/CompensationAmt1785656
IRS990/ContractorCompensationGrp/CompensationAmt2456659
IRS990/ContractorCompensationGrp/CompensationAmt3425751
IRS990/ContractorCompensationGrp/CompensationAmt4153653
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO Box 743509
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1PO Box 571
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO Box 1147
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt34301 W Hwy 124
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4PO Box 78000
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Atlanta
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1Osceola
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2Mandon
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3Harrisburg
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4Detroit
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0GA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1MO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2ND
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3MO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4MI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd030379
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd164776
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd258554
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd365256
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd448278
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0GE Energy Mgt Services LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1Arbor Row
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2NISC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3Burbridge Tree Service LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4LandisGyr Technology Inc
IRS990/ContractorCompensationGrp/ServicesDesc0Energy Mgt Svcs
IRS990/ContractorCompensationGrp/ServicesDesc1ROW Clearing
IRS990/ContractorCompensationGrp/ServicesDesc2Billing & Accounting Software
IRS990/ContractorCompensationGrp/ServicesDesc3ROW Clearing
IRS990/ContractorCompensationGrp/ServicesDesc4Tech Services
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt02201092
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0125155
IRS990/CYInvestmentIncomeAmt079208
IRS990/CYOtherExpensesAmt053842680
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt058867031
IRS990/CYRevenuesLessExpensesAmt02172290
IRS990/CYSalariesCompEmpBnftPaidAmt0605022
IRS990/CYTotalExpensesAmt056773949
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt058946239
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt04442588
IRS990/DepreciationDepletionGrp/TotalAmt04442588
IRS990/Desc0Retail sale of electricity to members, owners and consumers
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt0104
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt056773949
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt03.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt014.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt26.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt47.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt64.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt75.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt85.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt950.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1050.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1145.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1255.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1355.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1450.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1548.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt989977
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1081607
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt11163057
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1259391
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1369402
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1459729
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1541825
IRS990/Form990PartVIISectionAGrp/PersonNm0Joel Bullard
IRS990/Form990PartVIISectionAGrp/PersonNm1Karen McBride Kinkead
IRS990/Form990PartVIISectionAGrp/PersonNm2Frank Glenn
IRS990/Form990PartVIISectionAGrp/PersonNm3Keith Schnarre
IRS990/Form990PartVIISectionAGrp/PersonNm4Jay Turner
IRS990/Form990PartVIISectionAGrp/PersonNm5Glen Beckmeyer
IRS990/Form990PartVIISectionAGrp/PersonNm6Andrew Stanton
IRS990/Form990PartVIISectionAGrp/PersonNm7Wayne Wilcox
IRS990/Form990PartVIISectionAGrp/PersonNm8Kimberly Ponder
IRS990/Form990PartVIISectionAGrp/PersonNm9Todd Culley
IRS990/Form990PartVIISectionAGrp/PersonNm10Ryan Euliss
IRS990/Form990PartVIISectionAGrp/PersonNm11Vicki Kemna
IRS990/Form990PartVIISectionAGrp/PersonNm12Andrew Petri
IRS990/Form990PartVIISectionAGrp/PersonNm13James Goodnight
IRS990/Form990PartVIISectionAGrp/PersonNm14Christopher Rohlfing
IRS990/Form990PartVIISectionAGrp/PersonNm15Ronald Morse
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt025408
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt128371
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt213837
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt315779
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt427151
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt522575
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt629361
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt727352
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt813560
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9238886
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10162742
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11179008
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12135439
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13129546
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14127290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15118594
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
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/TitleTxt9CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10CFO/Manager of Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt11Assistant Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt12Manager of Engineering and
IRS990/Form990PartVIISectionAGrp/TitleTxt13Operations Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt14Manager of Member Services
IRS990/Form990PartVIISectionAGrp/TitleTxt15UG Const Foreman
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt0125155
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0125155
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0125155
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt058946239
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt020
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ProgramServicesAmt03719740
IRS990/InterestGrp/TotalAmt03719740
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01269092
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01128943
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt079208
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt079208
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt028683784
IRS990/InvestmentsProgramRelatedGrp/EOYAmt030418117
IRS990/IRPDocumentCnt040
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt044182195
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0104638895
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0107655702
IRS990/LandBldgEquipCostOrOtherBssAmt0151837897
IRS990/LegalDomicileStateCd0MO
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt057701593
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 supply 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/BOYAmt072421715
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt077587558
IRS990/NetAssetsOrFundBalancesBOYAmt062928338
IRS990/NetAssetsOrFundBalancesEOYAmt065100628
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02341860
IRS990/OtherAssetsTotalGrp/EOYAmt01951550
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/ProgramServicesAmt031950519
IRS990/OtherExpensesGrp/ProgramServicesAmt13949265
IRS990/OtherExpensesGrp/ProgramServicesAmt23396145
IRS990/OtherExpensesGrp/ProgramServicesAmt33186764
IRS990/OtherExpensesGrp/TotalAmt031950519
IRS990/OtherExpensesGrp/TotalAmt13949265
IRS990/OtherExpensesGrp/TotalAmt23396145
IRS990/OtherExpensesGrp/TotalAmt33186764
IRS990/OtherLiabilitiesGrp/BOYAmt01250610
IRS990/OtherLiabilitiesGrp/EOYAmt01209929
IRS990/OtherSourcesGrossIncomeAmt01244646
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0216000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0180000
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0174423
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0171714
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/RelatedOrExemptFuncIncomeAmt056202998
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11948209
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2577917
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3137907
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt056202998
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11948209
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2577917
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3137907
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt02430572
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt0208215
IRS990/PYInvestmentIncomeAmt057112
IRS990/PYOtherExpensesAmt053034998
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt057779683
IRS990/PYRevenuesLessExpensesAmt01614935
IRS990/PYSalariesCompEmpBnftPaidAmt0548075
IRS990/PYTotalExpensesAmt056221860
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt057836795
IRS990/ReconcilationRevenueExpnssAmt02172290
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt058946239
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt062928338
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt065100628
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0619436
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04943618
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05563054
IRS990ScheduleD/EquipmentGrp/BookValueAmt0106195361
IRS990ScheduleD/EquipmentGrp/DepreciationAmt039238577
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0145433938
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02326247
IRS990ScheduleD/ExpensesSubtotalAmt054447702
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0276
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt12539126
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt27334
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt31614402
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt426255729
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/BookValueAmt0840905
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0840905
IRS990ScheduleD/OtherExpensesNotIncludedAmt02326247
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0148589
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11061340
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RUS Discount
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Customer Deposits
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt058946239
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Capital Credits Retired, reported as amounts paid to members on Form 990 2,201,092. Capital Credits donated to Boone Electric Community Trust, Reported as Grant 125,155.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0107655702
IRS990ScheduleD/TotalBookValueProgramRltdAmt030418117
IRS990ScheduleD/TotalExpensesPerForm990Amt056773949
IRS990ScheduleD/TotalLiabilityAmt01209929
IRS990ScheduleD/TotalRevenuePerForm990Amt058946239
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt058946239
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt054447702
IRS990ScheduleI/GrantRecordsMaintainedInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$151,645,561
Liabilities
$86,544,933
Net assets
$65,100,628
Revenue
$58,946,239
Expenses
$56,773,949
Net income
$2,172,290
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