Civic Intelligence

Howard Electric Cooperative

990 • Fiscal year 2016 • EIN 43-0330970

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 17, 2017

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

75th percentile

0.54x

Higher debt load relative to assets than 75% of similar nonprofits.

2016 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

62nd percentile

1.81x

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

2016 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2016

Net Margin

53rd percentile

6.5%

Higher net margin than 53% of similar nonprofits.

2016 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

96th percentile

$316,478

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2016 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2016

Asset Growth

68th percentile

3.8%

Faster asset growth than 68% of similar nonprofits.

2016 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

62nd percentile

6.0%

Faster revenue growth than 62% of similar nonprofits.

2016 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$22,780,229

Up $843,055 (+3.8%) from 2015

Net Assets

Up

$10,542,935

Up $442,265 (+4.4%) from 2015

Liabilities

Up

$12,237,294

Up $400,790 (+3.4%) from 2015

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin53rd percentile

Revenue

Up

$6,743,296

Up $380,875 (+6.0%) from 2015

Expenses

Down

$6,302,066

Down $60,355 (-0.9%) from 2015

Net Income

Up

$441,230

Up $441,230 from 2015

Historical Trend

Balance Sheet Trend

Asset Growth68th 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

2016

Assets$22,780,229
Liabilities$12,237,294
Net Assets$10,542,935
Open 2016 Filing

Operations Trend

Revenue Growth62nd 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

2016

Revenue$6,743,296
Expenses$6,302,066
Net Income$441,230
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 17, 2017
Return Version
2016v3.0
Gross Receipts
$6,743,296
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$16,087,357$17,475,623▲ $1,388,266
Rtn Earn Endowment Incm Other Fnds$10,037,015$10,478,245▲ $441,230
Investments Program Related$2,907,793$3,039,572▲ $131,779
Savings and Temporary Cash Investments$1,253,746$687,620▼ $566,126
Accounts Receivable$468,320$631,150▲ $162,830
Prepaid Expenses and Deferred Charges$524,576$455,064▼ $69,512
Inventories for Sale or Use$553,476$377,094▼ $176,382
Cash and Non-Interest-Bearing Accounts$141,906$114,106▼ $27,800
Cap Stk Tr Prin Current Funds$63,655$64,690▲ $1,035
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$21,937,174$22,780,229▲ $843,055
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,081,828$11,607,052▲ $525,224
Accounts Payable and Accrued Expenses$565,139$423,863▼ $141,276
Other Liabilities$189,537$206,379▲ $16,842
Total Liabilities$11,836,504$12,237,294▲ $400,790
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,100,670$10,542,935▲ $442,265
Total Liabilities and Net Assets / Fund Balance$21,937,174$22,780,229▲ $843,055

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,037,436$5,889,576$22,927,012
Buildings$415,403$372,486$787,889
Land$22,784-$22,784
Investment Program Related Org$38,021--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard FowlerGeneral ManagerFT$184,072$132,406$316,478
Bill JohnTreasurer-$8,200-$8,200
Ken NordmeyerVice President-$7,000-$7,000
Randy AsburyDirector-$5,200-$5,200
Debbie WiswallSecretary-$5,000-$5,000
George FrinkDirectorPT$4,400-$4,400
Dale KirbyPresidentPT$4,200-$4,200
Marvin HilgedickDirector-$3,200-$3,200
Oran BouldenDirector-$2,000-$2,000
Curtis BaylorDirector-$1,600-$1,600
Dick TaylorDirector-$1,200-$1,200

Board Members and Trustees

NameTitle
Bill WestfallDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Kiowa Line Builders IncLine ConstructionPO Box 721, Tipton, MO 65081$497,763
Burbridge Tree ServiceROW Clearing559 State Rt Y, Harrisburg, MO 65256$184,439
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,638,384
Investment Income
$104,912
Other Revenue
$0
Change in Net Assets
$441,230

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,743,296
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,743,296
Total Revenue per Form 990
$6,743,296
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,243,023
Salaries, Compensation, and Employee Benefits$42,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$613,858--$613,858
Other Expenses$436,143--$436,143
Interest$379,508--$379,508
All Other Expenses$330,798--$330,798
Current Officers, Directors, Trustees, and Key Employees$42,000--$42,000
Benefits to Members$17,043--$17,043
Total Functional Expenses$6,302,066$0$0$6,302,066

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,302,066
Expenses per Audited Statements$6,285,023
Total Expenses per Audited Statements$6,285,023
Expenses Not Reported on Financial Statements$17,043
Other Expense Adjustments$17,043
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/ownersYes$3,007,972
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Advances and Deposits$146,358
Deferred Compensation$60,021
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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 11B

“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
2017-10-17
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:

“Memberships (net) 1,035.”

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 515 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/TitleTxt0General Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
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IRS990/InvestmentsProgramRelatedGrp/BOYAmt02907793
IRS990/InvestmentsProgramRelatedGrp/EOYAmt03039572
IRS990/IRPDocumentCnt021
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt06262062
IRS990/LandBldgEquipBasisNetGrp/BOYAmt016087357
IRS990/LandBldgEquipBasisNetGrp/EOYAmt017475623
IRS990/LandBldgEquipCostOrOtherBssAmt023737685
IRS990/LegalDomicileStateCd0MO
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt06562197
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0As 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt011081828
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011607052
IRS990/NetAssetsOrFundBalancesBOYAmt010100670
IRS990/NetAssetsOrFundBalancesEOYAmt010542935
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt01035
IRS990/OtherExpensesGrp/Desc0Purchased Power
IRS990/OtherExpensesGrp/Desc1Distribution Maintenanc
IRS990/OtherExpensesGrp/Desc2Administration
IRS990/OtherExpensesGrp/Desc3Customer Service
IRS990/OtherExpensesGrp/ProgramServicesAmt03007972
IRS990/OtherExpensesGrp/ProgramServicesAmt1912107
IRS990/OtherExpensesGrp/ProgramServicesAmt2562637
IRS990/OtherExpensesGrp/ProgramServicesAmt3436143
IRS990/OtherExpensesGrp/TotalAmt03007972
IRS990/OtherExpensesGrp/TotalAmt1912107
IRS990/OtherExpensesGrp/TotalAmt2562637
IRS990/OtherExpensesGrp/TotalAmt3436143
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt0189537
IRS990/OtherLiabilitiesGrp/EOYAmt0206379
IRS990/OtherSourcesGrossIncomeAmt0181099
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0524576
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0455064
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/RelatedOrExemptFuncIncomeAmt06409750
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1220569
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt28065
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06409750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1220569
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt28065
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0362233
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0111809
IRS990/PYOtherExpensesAmt05958788
IRS990/PYOtherRevenueAmt051197
IRS990/PYProgramServiceRevenueAmt06199415
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt041400
IRS990/PYTotalExpensesAmt06362421
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06362421
IRS990/ReconcilationRevenueExpnssAmt0441230
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt06743296
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt010037015
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt010478245
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01253746
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0687620
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0415403
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0372486
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0787889
IRS990ScheduleD/EquipmentGrp/BookValueAmt017037436
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05889576
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022927012
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt017043
IRS990ScheduleD/ExpensesSubtotalAmt06285023
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt02512474
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1168553
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2320524
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt338021
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/BookValueAmt022784
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt022784
IRS990ScheduleD/OtherExpensesNotIncludedAmt017043
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0146358
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt160021
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Customer Advances and Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Compensation
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06743296
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/TotalBookValueLandBuildingsAmt017475623
IRS990ScheduleD/TotalBookValueProgramRltdAmt03039572
IRS990ScheduleD/TotalExpensesPerForm990Amt06302066
IRS990ScheduleD/TotalLiabilityAmt0206379
IRS990ScheduleD/TotalRevenuePerForm990Amt06743296
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06743296
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06285023
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0184072
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt0108679
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt017892
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt05835
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Richard Fowler
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0General Manager
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0316478
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/SharingOfRevenuesInd01
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt03007972
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/ExplanationTxt7Memberships (net) 1,035.
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 11b
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/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0Howard Electric Cooperative
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0383722355
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MO
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0Communications and Propane
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0Howard Electric Service Company LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt0296697

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,780,229
Liabilities
$12,237,294
Net assets
$10,542,935
Revenue
$6,743,296
Expenses
$6,302,066
Net income
$441,230
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