Civic Intelligence

Boone Electric Cooperative

990 • Fiscal year 2018 • EIN 43-0188985

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 09, 2019

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

54th percentile

0.57x

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

2018 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

53rd percentile

1.37x

Higher debt load relative to revenue than 53% of similar nonprofits.

2018 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2018

Net Margin

87th percentile

6.8%

Higher net margin than 87% of similar nonprofits.

2018 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

59th percentile

$334,515

Higher top officer pay than 59% of similar nonprofits.

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

2018 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2018

Asset Growth

74th percentile

5.7%

Faster asset growth than 74% of similar nonprofits.

2018 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

90th percentile

12%

Faster revenue growth than 90% of similar nonprofits.

2018 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets54th percentile

Assets

Up

$160,350,392

Up $8,704,831 (+5.7%) from 2017

Net Assets

Up

$69,631,387

Up $4,530,759 (+7.0%) from 2017

Liabilities

Up

$90,719,005

Up $4,174,072 (+4.8%) from 2017

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin87th percentile

Revenue

Up

$66,286,722

Up $7,340,483 (+12%) from 2017

Expenses

Up

$61,755,963

Up $4,982,014 (+8.8%) from 2017

Net Income

Up

$4,530,759

Up $2,358,469 (+109%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth74th 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

2018

Assets$160,350,392
Liabilities$90,719,005
Net Assets$69,631,387
Open 2018 Filing

Operations Trend

Revenue Growth90th 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

2018

Revenue$66,286,722
Expenses$61,755,963
Net Income$4,530,759
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 9, 2019
Return Version
2018v3.1
Gross Receipts
$66,286,722
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$107,655,702$114,642,181▲ $6,986,479
Rtn Earn Endowment Incm Other Fnds$65,100,628$69,631,387▲ $4,530,759
Investments Program Related$30,418,117$32,371,620▲ $1,953,503
Accounts Receivable$5,258,918$6,198,144▲ $939,226
Cash and Non-Interest-Bearing Accounts$4,880,617$3,937,728▼ $942,889
Inventories for Sale or Use$1,128,943$1,365,344▲ $236,401
Other Notes and Loans Receivable, Net$180,000$144,000▼ $36,000
Prepaid Expenses and Deferred Charges$171,714$97,609▼ $74,105
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$151,645,561$160,350,392▲ $8,704,831
Other Assets Total$1,951,550$1,593,766▼ $357,784
Liabilities
Mortgage Notes Payable Secured by Investment Property$77,587,558$81,611,385▲ $4,023,827
Accounts Payable and Accrued Expenses$7,747,446$7,886,889▲ $139,443
Other Liabilities$1,209,929$1,220,731▲ $10,802
Total Liabilities$86,544,933$90,719,005▲ $4,174,072
Net Assets / Fund Balance
Total Net Assets Fund Balance$65,100,628$69,631,387▲ $4,530,759
Total Liabilities and Net Assets / Fund Balance$151,645,561$160,350,392▲ $8,704,831

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$113,408,888$39,152,499$152,561,387
Buildings$384,877$5,178,177$5,563,054
Land$848,416-$848,416
Investment Program Related Org$749--
Compensation and Service Providers
Top Officer Pay59th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vicki KemnaAssistant ManagerFT$167,936$166,579$334,515
Todd CulleyCEOFT$230,092$97,650$327,742
Ryan EulissCFO/Manager of FinanceFT$158,202$80,838$239,040
James GoodnightOperations ManagerFT$126,584$75,398$201,982
Andrew PetriManager of Engineering andFT$127,243$65,149$192,392
Christopher RohlfingManager of Member ServicesFT$118,515$57,537$176,052
Steven BaumgartnerUG Const ForemanFT$122,850$46,750$169,600
Jay TurnerDirectorPT$32,586-$32,586
Karen McBride KinkeadDirectorPT$32,525-$32,525
Andrew StantonDirector-$30,842-$30,842
Wayne WilcoxVice President-$29,528-$29,528
Darin SchnarreDirectorPT$27,195-$27,195
Frank GlennSecretaryPT$27,097-$27,097
Joel BullardPresidentPT$26,290-$26,290
Glen BeckmeyerDirector-$13,553-$13,553
Kimberly PonderTreasurer-$13,030-$13,030
John BullardDirectorPT$5,954-$5,954

Highest Paid Contractors

ContractorServicesLocationCompensation
NiscBilling & Accounting SoftwarePO Box 1147, Mandon, ND 58554$501,058
Burbridge Tree Service LLCROW Clearing4301 W Hwy 124, Harrisburg, MO 65256$500,191
GE Energy Mgt Services LLCEnergy Mgt SvcsPO Box 743509, Atlanta, GA 30379$494,811
Hentges Tree Service IncROW Clearing5905 Old Lohman Rd, Jefferson City, MO 65109$419,816
Arbor RowROW ClearingPO Box 571, Osceola, MO 64776$353,571
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$66,200,849
Investment Income
$85,873
Other Revenue
$0
Change in Net Assets
$4,530,759

Audited Revenue Reconciliation

Revenue per Audited Statements
$66,286,722
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$66,286,722
Total Revenue per Form 990
$66,286,722
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$58,601,778
Salaries, Compensation, and Employee Benefits$805,382
Grants and Similar Amounts Paid$165,011
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$5,088,652--$5,088,652
Interest$3,813,459--$3,813,459
Other Expenses$3,413,183--$3,413,183
All Other Expenses$3,208,158--$3,208,158
Benefits to Members$2,183,792--$2,183,792
Current Officers, Directors, Trustees, and Key Employees$805,382--$805,382
Grants to Domestic Orgs$165,011--$165,011
Total Functional Expenses$61,755,963$0$0$61,755,963

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$61,755,963
Expenses per Audited Statements$59,407,160
Total Expenses per Audited Statements$59,407,160
Expenses Not Reported on Financial Statements$2,348,803
Other Expense Adjustments$2,348,803
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$165,011
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$35,545,617
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$1,087,382
RUS Discount$133,349
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
2019-10-09
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 2,183,792. Capital Credits donated to Boone Electric Community Trust, Reported as Grant 165,011.”

Raw XML AppendixShowing 400 of 715 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm9Glen Beckmeyer
IRS990/Form990PartVIISectionAGrp/PersonNm10Todd Culley
IRS990/Form990PartVIISectionAGrp/PersonNm11Ryan Euliss
IRS990/Form990PartVIISectionAGrp/PersonNm12Vicki Kemna
IRS990/Form990PartVIISectionAGrp/PersonNm13Andrew Petri
IRS990/Form990PartVIISectionAGrp/PersonNm14James Goodnight
IRS990/Form990PartVIISectionAGrp/PersonNm15Christopher Rohlfing
IRS990/Form990PartVIISectionAGrp/PersonNm16Steven Baumgartner
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt026290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt129528
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt227097
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt313030
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt432586
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt532525
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt630842
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt727195
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt85954
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt913553
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10230092
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11158202
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12167936
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13127243
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14126584
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15118515
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16122850
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/ReportableCompFromRltdOrgAmt160
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/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt11CFO/Manager of Finance
IRS990/Form990PartVIISectionAGrp/TitleTxt12Assistant Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt13Manager of Engineering and
IRS990/Form990PartVIISectionAGrp/TitleTxt14Operations Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt15Manager of Member Services
IRS990/Form990PartVIISectionAGrp/TitleTxt16UG Const Foreman
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt0165011
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0165011
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0165011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt066286722
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt014
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ProgramServicesAmt03813459
IRS990/InterestGrp/TotalAmt03813459
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01128943
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01365344
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt085873
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt085873
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt030418117
IRS990/InvestmentsProgramRelatedGrp/EOYAmt032371620
IRS990/IRPDocumentCnt042
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt044330676
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0107655702
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0114642181
IRS990/LandBldgEquipCostOrOtherBssAmt0158972857
IRS990/LegalDomicileStateCd0MO
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt064838227
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/BOYAmt077587558
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt081611385
IRS990/NetAssetsOrFundBalancesBOYAmt065100628
IRS990/NetAssetsOrFundBalancesEOYAmt069631387
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01951550
IRS990/OtherAssetsTotalGrp/EOYAmt01593766
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/ProgramServicesAmt035545617
IRS990/OtherExpensesGrp/ProgramServicesAmt14005893
IRS990/OtherExpensesGrp/ProgramServicesAmt23526816
IRS990/OtherExpensesGrp/ProgramServicesAmt33413183
IRS990/OtherExpensesGrp/TotalAmt035545617
IRS990/OtherExpensesGrp/TotalAmt14005893
IRS990/OtherExpensesGrp/TotalAmt23526816
IRS990/OtherExpensesGrp/TotalAmt33413183
IRS990/OtherLiabilitiesGrp/BOYAmt01209929
IRS990/OtherLiabilitiesGrp/EOYAmt01220731
IRS990/OtherSourcesGrossIncomeAmt01448495
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0180000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0144000
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0171714
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt097609
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/RelatedOrExemptFuncIncomeAmt062306577
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12974135
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2631084
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3289053
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt062306577
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12974135
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2631084
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3289053
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt02201092
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt0125155
IRS990/PYInvestmentIncomeAmt079208
IRS990/PYOtherExpensesAmt053842680
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt058867031
IRS990/PYRevenuesLessExpensesAmt02172290
IRS990/PYSalariesCompEmpBnftPaidAmt0605022
IRS990/PYTotalExpensesAmt056773949
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt058946239
IRS990/ReconcilationRevenueExpnssAmt04530759
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt066286722
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt065100628
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt069631387
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0384877
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05178177
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05563054
IRS990ScheduleD/EquipmentGrp/BookValueAmt0113408888
IRS990ScheduleD/EquipmentGrp/DepreciationAmt039152499
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0152561387
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt02348803
IRS990ScheduleD/ExpensesSubtotalAmt059407160
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0276
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt12485237
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt27398
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt31605167
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt428272793
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt5749
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/BookValueAmt0848416
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0848416
IRS990ScheduleD/OtherExpensesNotIncludedAmt02348803
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0133349
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11087382
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RUS Discount
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Customer Deposits
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt066286722
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Capital Credits Retired, reported as amounts paid to members on Form 990 2,183,792. Capital Credits donated to Boone Electric Community Trust, Reported as Grant 165,011.

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$160,350,392
Liabilities
$90,719,005
Net assets
$69,631,387
Revenue
$66,286,722
Expenses
$61,755,963
Net income
$4,530,759
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