Civic Intelligence

Howard Electric Cooperative

990 • Fiscal year 2017 • EIN 43-0330970

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

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

79th percentile

0.56x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

2.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2017 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2017

Net Margin

38th percentile

1.9%

Higher net margin than 38% of similar nonprofits.

2017 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

97th percentile

$328,036

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2017 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2017

Asset Growth

81st percentile

6.7%

Faster asset growth than 81% of similar nonprofits.

2017 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

31st percentile

0.6%

Faster revenue growth than 31% of similar nonprofits.

2017 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$24,308,838

Up $1,528,609 (+6.7%) from 2016

Net Assets

Up

$10,669,890

Up $126,955 (+1.2%) from 2016

Liabilities

Up

$13,638,948

Up $1,401,654 (+11%) from 2016

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin38th percentile

Revenue

Up

$6,785,275

Up $41,979 (+0.6%) from 2016

Expenses

Up

$6,658,795

Up $356,729 (+5.7%) from 2016

Net Income

Down

$126,480

Down $314,750 (-71%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth81st 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

2017

Assets$24,308,838
Liabilities$13,638,948
Net Assets$10,669,890
Open 2017 Filing

Operations Trend

Revenue Growth31st 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

2017

Revenue$6,785,275
Expenses$6,658,795
Net Income$126,480
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
$6,785,275
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$17,475,623$17,899,061▲ $423,438
Rtn Earn Endowment Incm Other Fnds$10,478,245$10,604,725▲ $126,480
Investments Program Related$3,039,572$3,104,106▲ $64,534
Savings and Temporary Cash Investments$687,620$1,825,902▲ $1,138,282
Accounts Receivable$631,150$575,407▼ $55,743
Prepaid Expenses and Deferred Charges$455,064$407,434▼ $47,630
Inventories for Sale or Use$377,094$335,887▼ $41,207
Cash and Non-Interest-Bearing Accounts$114,106$161,041▲ $46,935
Cap Stk Tr Prin Current Funds$64,690$65,165▲ $475
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$22,780,229$24,308,838▲ $1,528,609
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,607,052$12,791,131▲ $1,184,079
Accounts Payable and Accrued Expenses$423,863$628,583▲ $204,720
Other Liabilities$206,379$219,234▲ $12,855
Total Liabilities$12,237,294$13,638,948▲ $1,401,654
Net Assets / Fund Balance
Total Net Assets Fund Balance$10,542,935$10,669,890▲ $126,955
Total Liabilities and Net Assets / Fund Balance$22,780,229$24,308,838▲ $1,528,609

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,451,643$6,242,873$23,694,516
Buildings$424,635$387,526$812,161
Land$22,783-$22,783
Investment Program Related Org$43,290--
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard FowlerGeneral ManagerFT$190,046$137,990$328,036
Bill WestfallDirector-$7,200-$7,200
Bill JohnTreasurer-$6,600-$6,600
Ken NordmeyerVice President-$6,600-$6,600
George FrinkDirectorPT$4,600-$4,600
Debbie WiswallSecretary-$4,400-$4,400
Marvin HilgedickDirector-$3,200-$3,200
Dale KirbyPresidentPT$2,400-$2,400
Oran BouldenDirector-$2,200-$2,200
Dick TaylorDirector-$1,400-$1,400

Board Members and Trustees

NameTitle
Lee YoungDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Burbridge Tree ServiceROW Clearing559 State Rt Y, Harrisburg, MO 65256$172,740
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,659,315
Investment Income
$125,960
Other Revenue
$0
Change in Net Assets
$126,480

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,785,275
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,785,275
Total Revenue per Form 990
$6,785,275
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,191,060
Salaries, Compensation, and Employee Benefits$237,870
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$648,051--$648,051
All Other Expenses$465,954--$465,954
Other Expenses$402,479--$402,479
Interest$388,379--$388,379
Current Officers, Directors, Trustees, and Key Employees$237,870--$237,870
Benefits to Members$229,865--$229,865
Total Functional Expenses$6,658,795$0$0$6,658,795

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,658,795
Expenses per Audited Statements$6,428,930
Total Expenses per Audited Statements$6,428,930
Expenses Not Reported on Financial Statements$229,865
Other Expense Adjustments$229,865
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$3,110,057
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Advances and Deposits$141,600
Deferred Compensation$77,634
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
2018-09-03
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
16
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) 475.”

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:

“Capital Creidts Retired, reported as paid to members”

Raw XML AppendixShowing 400 of 505 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
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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/BOYAmt011607052
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt012791131
IRS990/NetAssetsOrFundBalancesBOYAmt010542935
IRS990/NetAssetsOrFundBalancesEOYAmt010669890
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0475
IRS990/OtherExpensesGrp/Desc0Purchased Power
IRS990/OtherExpensesGrp/Desc1Distribution Maintenanc
IRS990/OtherExpensesGrp/Desc2Customer Service
IRS990/OtherExpensesGrp/Desc3Administration
IRS990/OtherExpensesGrp/ProgramServicesAmt03110057
IRS990/OtherExpensesGrp/ProgramServicesAmt1709607
IRS990/OtherExpensesGrp/ProgramServicesAmt2466533
IRS990/OtherExpensesGrp/ProgramServicesAmt3402479
IRS990/OtherExpensesGrp/TotalAmt03110057
IRS990/OtherExpensesGrp/TotalAmt1709607
IRS990/OtherExpensesGrp/TotalAmt2466533
IRS990/OtherExpensesGrp/TotalAmt3402479
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt0206379
IRS990/OtherLiabilitiesGrp/EOYAmt0219234
IRS990/OtherSourcesGrossIncomeAmt0242317
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0455064
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0407434
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/RelatedOrExemptFuncIncomeAmt06397095
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1244958
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217262
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06397095
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1244958
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217262
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt017043
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0104912
IRS990/PYOtherExpensesAmt06243023
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt06638384
IRS990/PYRevenuesLessExpensesAmt0441230
IRS990/PYSalariesCompEmpBnftPaidAmt042000
IRS990/PYTotalExpensesAmt06302066
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06743296
IRS990/ReconcilationRevenueExpnssAmt0126480
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt06785275
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt010478245
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt010604725
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0687620
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01825902
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0424635
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0387526
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0812161
IRS990ScheduleD/EquipmentGrp/BookValueAmt017451643
IRS990ScheduleD/EquipmentGrp/DepreciationAmt06242873
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt023694516
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0229865
IRS990ScheduleD/ExpensesSubtotalAmt06428930
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt02620677
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1168175
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2271964
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt343290
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/OtherExpensesNotIncludedAmt0229865
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0141600
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt177634
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Customer Advances and Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Deferred Compensation
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06785275
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/ExplanationTxt1Capital Creidts Retired, reported as paid to members
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017899061
IRS990ScheduleD/TotalBookValueProgramRltdAmt03104106
IRS990ScheduleD/TotalExpensesPerForm990Amt06658795
IRS990ScheduleD/TotalLiabilityAmt0219234
IRS990ScheduleD/TotalRevenuePerForm990Amt06785275
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06785275
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06428930
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0190046
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt0116555
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt012211
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt09224
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Richard Fowler
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0General Manager
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0328036
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/TransactionAmt03110057
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) 475.
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/ShareOfEOYAssetsAmt0295285
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt0-35416
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0PO Box 391 Highway 5 North
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0Fayette
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0MO
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd065248
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

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$24,308,838
Liabilities
$13,638,948
Net assets
$10,669,890
Revenue
$6,785,275
Expenses
$6,658,795
Net income
$126,480
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