Civic Intelligence

Howard Electric Cooperative

990 • Fiscal year 2015 • EIN 43-0330970

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

Organization Profilewww.howardelectric.com
PO Box 391Fayette, MO 65248

(660) 248-3311

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.54x

Higher debt load relative to assets than 73% of similar nonprofits.

2015 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

62nd percentile

1.86x

Higher debt load relative to revenue than 62% of similar nonprofits.

2015 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2015

Net Margin

30th percentile

0.0%

Higher net margin than 30% of similar nonprofits.

2015 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

95th percentile

$293,112

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2015 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2015

Asset Growth

58th percentile

2.6%

Faster asset growth than 58% of similar nonprofits.

2015 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

27th percentile

-2.9%

Faster revenue growth than 27% of similar nonprofits.

2015 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$21,937,174

Up $553,028 (+2.6%) from 2014

Net Assets

Up

$10,100,670

Up $109,370 (+1.1%) from 2014

Liabilities

Up

$11,836,504

Up $443,658 (+3.9%) from 2014

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin30th percentile

Revenue

Down

$6,362,421

Down $192,062 (-2.9%) from 2014

Expenses

Down

$6,362,421

Down $192,062 (-2.9%) from 2014

Net Income

Flat

$0

Flat from 2014

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

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

$40M$30M$20M$10M$0Assets 2010: $16,081,477Liabilities 2010: $7,583,366Net Assets 2010: $8,498,1112010Assets 2011: $17,500,520Liabilities 2011: $8,652,150Net Assets 2011: $8,848,3702011Assets 2012: $17,689,447Liabilities 2012: $8,668,846Net Assets 2012: $9,020,6012012Assets 2013: $19,673,197Liabilities 2013: $10,131,640Net Assets 2013: $9,541,5572013Assets 2014: $21,384,146Liabilities 2014: $11,392,846Net Assets 2014: $9,991,3002014Assets 2015: $21,937,174Liabilities 2015: $11,836,504Net Assets 2015: $10,100,6702015Assets 2016: $22,780,229Liabilities 2016: $12,237,294Net Assets 2016: $10,542,9352016Assets 2017: $24,308,838Liabilities 2017: $13,638,948Net Assets 2017: $10,669,8902017Assets 2018: $25,382,498Liabilities 2018: $14,068,124Net Assets 2018: $11,314,3742018Assets 2019: $25,895,000Liabilities 2019: $14,218,774Net Assets 2019: $11,676,2262019Assets 2020: $26,616,692Liabilities 2020: $14,662,328Net Assets 2020: $11,954,3642020Assets 2021: $28,589,659Liabilities 2021: $16,477,974Net Assets 2021: $12,111,6852021Assets 2022: $29,268,152Liabilities 2022: $16,729,695Net Assets 2022: $12,538,4572022Assets 2023: $31,290,611Liabilities 2023: $17,915,659Net Assets 2023: $13,374,9522023Assets 2024: $31,527,993Liabilities 2024: $17,030,450Net Assets 2024: $14,497,5432024

Highlighted filing

2015

Assets$21,937,174
Liabilities$11,836,504
Net Assets$10,100,670
Open 2015 Filing

Operations Trend

Revenue Growth27th percentile

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

$10M$5.0M$0Expenses 2010: $5,248,8522010Expenses 2011: $5,764,6722011Expenses 2012: $5,765,6662012Revenue 2013: $6,331,749Expenses 2013: $6,331,749Net Income 2013: $02013Revenue 2014: $6,554,483Expenses 2014: $6,554,483Net Income 2014: $02014Revenue 2015: $6,362,421Expenses 2015: $6,362,421Net Income 2015: $02015Revenue 2016: $6,743,296Expenses 2016: $6,302,066Net Income 2016: $441,2302016Revenue 2017: $6,785,275Expenses 2017: $6,658,795Net Income 2017: $126,4802017Revenue 2018: $8,551,597Expenses 2018: $7,177,763Net Income 2018: $1,373,8342018Revenue 2019: $7,966,057Expenses 2019: $7,430,515Net Income 2019: $535,5422019Revenue 2020: $7,850,430Expenses 2020: $7,674,042Net Income 2020: $176,3882020Revenue 2021: $7,815,337Expenses 2021: $7,759,591Net Income 2021: $55,7462021Revenue 2022: $8,108,424Expenses 2022: $7,957,567Net Income 2022: $150,8572022Revenue 2023: $8,918,400Expenses 2023: $8,082,805Net Income 2023: $835,5952023Revenue 2024: $9,465,174Expenses 2024: $8,773,473Net Income 2024: $691,7012024

Highlighted filing

2015

Revenue$6,362,421
Expenses$6,362,421
Net Income$0
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
$6,362,421
Mission and Program Overview

Mission

As a cooperative, Howard Electric operates on a non-profit basis. All revenue above the cost of doing business (margins) is assigned to the members under a patronage refund plan called capital credits. The cooperative assigned capital credits annually and keeps a careful record of each member's investment in the co-op.

We are proud to provide safe, reliable, affordable and clean electric power to our member-owners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,590,874$16,087,357▲ $496,483
Rtn Earn Endowment Incm Other Fnds$9,930,450$10,037,015▲ $106,565
Investments Program Related$2,740,002$2,907,793▲ $167,791
Savings and Temporary Cash Investments$1,531,951$1,253,746▼ $278,205
Inventories for Sale or Use$354,659$553,476▲ $198,817
Prepaid Expenses and Deferred Charges$591,974$524,576▼ $67,398
Accounts Receivable$517,251$468,320▼ $48,931
Cash and Non-Interest-Bearing Accounts$57,435$141,906▲ $84,471
Cap Stk Tr Prin Current Funds$60,850$63,655▲ $2,805
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$21,384,146$21,937,174▲ $553,028
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,845,924$11,081,828▲ $235,904
Accounts Payable and Accrued Expenses$370,334$565,139▲ $194,805
Other Liabilities$176,588$189,537▲ $12,949
Total Liabilities$11,392,846$11,836,504▲ $443,658
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,991,300$10,100,670▲ $109,370
Total Liabilities and Net Assets / Fund Balance$21,384,146$21,937,174▲ $553,028

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,634,493$5,747,626$21,382,119
Buildings$430,081$357,808$787,889
Land$22,783-$22,783
Investment Program Related Org$32,878--
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard FowlerGeneral ManagerFT$170,365$122,747$293,112
Ken NordmeyerVice President-$6,000-$6,000
George FrinkDirectorPT$5,400-$5,400
Bill JohnDirector-$5,400-$5,400
Randy AsburyDirector-$5,000-$5,000
Richard TaylorTreasurerPT$4,800-$4,800
Debbie WiswallSecretary-$4,800-$4,800
Dale KirbyPresidentPT$3,800-$3,800
Marvin HilgedickDirector-$3,800-$3,800
Oran BouldenDirector-$2,400-$2,400
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,199,415
Investment Income
$111,809
Other Revenue
$51,197
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,362,421
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,362,421
Total Revenue per Form 990
$6,362,421
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,958,788
Salaries, Compensation, and Employee Benefits$41,400
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$582,315--$582,315
Other Expenses$440,648--$440,648
Interest$375,419--$375,419
Benefits to Members$362,233--$362,233
All Other Expenses$279,013--$279,013
Current Officers, Directors, Trustees, and Key Employees$41,400--$41,400
Total Functional Expenses$6,362,421$0$0$6,362,421

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,362,421
Expenses per Audited Statements$6,000,188
Total Expenses per Audited Statements$6,000,188
Expenses Not Reported on Financial Statements$362,233
Other Expense Adjustments$362,233
Expenses Not Reported on Form 990$0
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
-Member/Owner of G&T Electric CooperativePurchase of electric energy for resale to the cooperative's member/ownersNo$2,834,614
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Advances and Deposits$142,755
Deferred Compensation$46,782
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
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

“Every electric service customer of the cooperative is a member/owner and has a right to a vote at the cooperative's annual meeting.”

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

“Members of the board of directors are elected by the member/owners of the cooperative at the annual meeting.”

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

“Members of the cooperative may vote to amend the bylaws of the cooperative”

Form 990, Part VI, Section B, line 11

“The Federal Form 990 is presented to and discussed by the Board of Directors and formally approved before the form is filed with the Internal Revenue Service.”

Form 990, Part VI, Section B, line 15

“The process for determining the General Manager's compensation by the Howard Electric board of directors included a review of the General Manager's performance, comparisons of other General Manager salaries in the State of Missouri and in the Midwest and an in depth deliberation before the ultimate decision was made setting the general manager's compensation. All of this is set forth in the Minutes of the Howard Electric Board of Directors, such minutes were approved by the full board.”

Form 990, Part VI, Section C, line 18

“Information is available upon request of the Cooperative or at www.guidestar.org”

Form 990, Part VI, Section C, line 19

“Governing documents, conflict of interest policies and financial statements are available for public inspection by contacting General Manager Richard Fowler at the Cooperative.”

Filing and Contact Details

Filer

Filer Name
Howard Electric Cooperative
EIN
43-0330970
Phone
6602483311
Address
PO Box 391, Fayette, MO 65248

Signing Officer

Name
Richard T Fowler
Title
General Manager
Phone
6602483310
Signed
2016-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard T Fowler
Formed
1936
Legal Domicile
Mo
Voting Board Members
9
Independent Board Members
9
Employees
15
Volunteers
0

Preparer

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

Additional Explanations

Form 990, Part XI, line 9:

“Capital credits assigned but not retired (net) 106,565. Memberships (net) 2,805.”

Financial Statement Notes

Part X, Line 2:

“The cooperative evaluates the components of the annual test for maintenance of its tax-exempt status under section 501(c)(12) of the Internal Revenue Code of 1986, as amended. This process includes an analysis of whether the position the cooperative takes with regard to a particular item of income would meet the definition of an uncertain tax position under Financial Accounting Interpretation No. 48, Accounting for Uncertainty in Income Taxes.”

Part XII, Line 4B - Other Adjustments:

“Net margins assigned, reported as paid to members”

Raw XML AppendixShowing 400 of 469 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/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt0176588
IRS990/OtherLiabilitiesGrp/EOYAmt0189537
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/Desc0Non-Operating
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt051197
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt051197
IRS990/OtherRevenueTotalAmt051197
IRS990/OtherSourcesGrossIncomeAmt0253384
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0591974
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0524576
IRS990/PrincipalOfficerNm0Richard T Fowler
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/Desc0Energy Sales
IRS990/ProgramServiceRevenueGrp/Desc1Capital Credits
IRS990/ProgramServiceRevenueGrp/Desc2Other Electric Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05862206
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1260989
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt276220
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05862206
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1260989
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt276220
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0656789
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0127437
IRS990/PYOtherExpensesAmt05897694
IRS990/PYOtherRevenueAmt064642
IRS990/PYProgramServiceRevenueAmt06362404
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt06554483
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06554483
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt06362421
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt09930450
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt010037015
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01531951
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01253746
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0430081
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0357808
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0787889
IRS990ScheduleD/EquipmentGrp/BookValueAmt015634493
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05747626
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt021382119
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0362233
IRS990ScheduleD/ExpensesSubtotalAmt06000188
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt02403701
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1168908
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2302306
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt332878
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Associated Organizations
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CFC Certificates
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2Subsidiary Company
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3Other
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LandGrp/BookValueAmt022783
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt022783
IRS990ScheduleD/OtherExpensesNotIncludedAmt0362233
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0142755
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt146782
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Customer Advances and Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Compensation
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06362421
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The cooperative evaluates the components of the annual test for maintenance of its tax-exempt status under section 501(c)(12) of the Internal Revenue Code of 1986, as amended. This process includes an analysis of whether the position the cooperative takes with regard to a particular item of income would meet the definition of an uncertain tax position under Financial Accounting Interpretation No. 48, Accounting for Uncertainty in Income Taxes.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Net margins assigned, reported as paid to members
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016087357
IRS990ScheduleD/TotalBookValueProgramRltdAmt02907793
IRS990ScheduleD/TotalExpensesPerForm990Amt06362421
IRS990ScheduleD/TotalLiabilityAmt0189537
IRS990ScheduleD/TotalRevenuePerForm990Amt06362421
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06362421
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06000188
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0170365
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt0110972
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt07640
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt04135
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Richard Fowler
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0General Manager
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0293112
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Compensation of the General Manager is done by comparing the salaries of like-sized Electric Cooperatives in similar financial and physical condition, neighboring investor owned utilities and other comparative data. The Board of Directors approve the compensation package annually.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Central Electric Power Cooperative
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Member/Owner of G&T Electric Cooperative
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt02834614
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Purchase of electric energy for resale to the cooperative's member/owners
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Every electric service customer of the cooperative is a member/owner and has a right to a vote at the cooperative's annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Members of the board of directors are elected by the member/owners of the cooperative at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members of the cooperative may vote to amend the bylaws of the cooperative
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Federal Form 990 is presented to and discussed by the Board of Directors and formally approved before the form is filed with the Internal Revenue Service.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The process for determining the General Manager's compensation by the Howard Electric board of directors included a review of the General Manager's performance, comparisons of other General Manager salaries in the State of Missouri and in the Midwest and an in depth deliberation before the ultimate decision was made setting the general manager's compensation. All of this is set forth in the Minutes of the Howard Electric Board of Directors, such minutes were approved by the full board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Information is available upon request of the Cooperative or at www.guidestar.org
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Governing documents, conflict of interest policies and financial statements are available for public inspection by contacting General Manager Richard Fowler at the Cooperative.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Capital credits assigned but not retired (net) 106,565. Memberships (net) 2,805.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XI, line 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Member-Owned Cooperative
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Central Electric Power Cooperative
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0440542660
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(12)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Generating & Transmission Cooperative
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO Box 269
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Jefferson City
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0651020269
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Central Electric Power Cooperative
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0N
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$21,937,174
Liabilities
$11,836,504
Net assets
$10,100,670
Revenue
$6,362,421
Expenses
$6,362,421
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.5$17.0$14.5$9.47$8.77$0.69
2023Detailed filing. Detailed filing data is available for this year.$31.3$17.9$13.4$8.92$8.08$0.84
2022Detailed filing. Detailed filing data is available for this year.$29.3$16.7$12.5$8.11$7.96$0.15
2021Detailed filing. Detailed filing data is available for this year.$28.6$16.5$12.1$7.82$7.76$0.06
2020Detailed filing. Detailed filing data is available for this year.$26.6$14.7$12.0$7.85$7.67$0.18
2019Detailed filing. Detailed filing data is available for this year.$25.9$14.2$11.7$7.97$7.43$0.54
2018Detailed filing. Detailed filing data is available for this year.$25.4$14.1$11.3$8.55$7.18$1.37
2017Detailed filing. Detailed filing data is available for this year.$24.3$13.6$10.7$6.79$6.66$0.13
2016Detailed filing. Detailed filing data is available for this year.$22.8$12.2$10.5$6.74$6.30$0.44
2015Detailed filing. Detailed filing data is available for this year.$21.9$11.8$10.1$6.36$6.36$0.00
2014Detailed filing. Detailed filing data is available for this year.$21.4$11.4$9.99$6.55$6.55$0.00
2013Detailed filing. Detailed filing data is available for this year.$19.7$10.1$9.54$6.33$6.33$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.7$8.67$9.02$5.77
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$8.65$8.85$5.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$7.58$8.50$5.25