Civic Intelligence

Macon Electric Cooperative

990 • Fiscal year 2018 • EIN 43-0388909

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

Organization Profilewww.maconelectric.com
PO Box 157Macon, MO 63552

(660) 385-3157

Siviq Scores

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

Liabilities / Assets

65th percentile

0.56x

Higher debt load relative to assets than 65% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

59th percentile

1.42x

Higher debt load relative to revenue than 59% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Net Margin

8th percentile

-0.5%

Higher net margin than 8% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

33rd percentile

$213,351

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Asset Growth

23rd percentile

1.0%

Faster asset growth than 23% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

45th percentile

4.3%

Faster revenue growth than 45% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$66,953,333

Up $687,122 (+1.0%) from 2017

Net Assets

Down

$29,622,858

Down $133,307 (-0.4%) from 2017

Liabilities

Up

$37,330,475

Up $820,429 (+2.2%) from 2017

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin8th percentile

Revenue

Up

$26,306,281

Up $1,079,246 (+4.3%) from 2017

Expenses

Up

$26,439,588

Up $1,724,951 (+7.0%) from 2017

Net Income

Down

-$133,307

Down $645,705 (-126%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$100M$50M$0Assets 2010: $46,641,898Liabilities 2010: $23,293,963Net Assets 2010: $23,347,9352010Assets 2011: $48,247,342Liabilities 2011: $24,528,118Net Assets 2011: $23,719,2242011Assets 2012: $50,420,834Liabilities 2012: $26,133,380Net Assets 2012: $24,287,4542012Assets 2013: $56,540,783Liabilities 2013: $31,507,247Net Assets 2013: $25,033,5362013Assets 2014: $58,975,129Liabilities 2014: $32,679,400Net Assets 2014: $26,295,7292014Assets 2015: $58,340,752Liabilities 2015: $30,908,210Net Assets 2015: $27,432,5422015Assets 2016: $65,075,752Liabilities 2016: $35,831,985Net Assets 2016: $29,243,7672016Assets 2017: $66,266,211Liabilities 2017: $36,510,046Net Assets 2017: $29,756,1652017Assets 2018: $66,953,333Liabilities 2018: $37,330,475Net Assets 2018: $29,622,8582018Assets 2019: $74,352,384Liabilities 2019: $43,483,309Net Assets 2019: $30,869,0752019Assets 2020: $74,488,932Liabilities 2020: $42,806,225Net Assets 2020: $31,682,7072020Assets 2021: $74,039,174Liabilities 2021: $42,606,345Net Assets 2021: $31,432,8292021Assets 2022: $75,542,614Liabilities 2022: $43,982,032Net Assets 2022: $31,560,5822022Assets 2023: $82,376,090Liabilities 2023: $49,148,045Net Assets 2023: $33,228,0452023Assets 2024: $83,033,964Liabilities 2024: $49,286,807Net Assets 2024: $33,747,1572024

Highlighted filing

2018

Assets$66,953,333
Liabilities$37,330,475
Net Assets$29,622,858
Open 2018 Filing

Operations Trend

Revenue Growth45th percentile

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $20,673,0332010Expenses 2011: $22,748,9972011Expenses 2012: $22,504,7282012Revenue 2013: $23,615,440Expenses 2013: $23,606,996Net Income 2013: $8,4442013Revenue 2014: $24,384,910Expenses 2014: $25,122,056Net Income 2014: -$737,1462014Revenue 2015: $24,359,685Expenses 2015: $23,561,994Net Income 2015: $797,6912015Revenue 2016: $25,130,840Expenses 2016: $23,319,615Net Income 2016: $1,811,2252016Revenue 2017: $25,227,035Expenses 2017: $24,714,637Net Income 2017: $512,3982017Revenue 2018: $26,306,281Expenses 2018: $26,439,588Net Income 2018: -$133,3072018Revenue 2019: $26,822,211Expenses 2019: $25,575,994Net Income 2019: $1,246,2172019Revenue 2020: $26,341,330Expenses 2020: $25,527,698Net Income 2020: $813,6322020Revenue 2021: $26,527,886Expenses 2021: $26,277,764Net Income 2021: $250,1222021Revenue 2022: $26,633,057Expenses 2022: $27,061,304Net Income 2022: -$428,2472022Revenue 2023: $29,490,903Expenses 2023: $27,823,440Net Income 2023: $1,667,4632023Revenue 2024: $31,343,808Expenses 2024: $30,824,696Net Income 2024: $519,1122024

Highlighted filing

2018

Revenue$26,306,281
Expenses$26,439,588
Net Income-$133,307
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
$26,306,281
Mission and Program Overview

Mission

At Macon Electric Cooperative, we are dedicated to providing our member-owners with quality and reliable electric service at the lowest possible cost. We also strive to provide services to improve the quality of life throughout the communities we serve.

Dedicated to providing our member-owners with quality and reliable electric service at the lowest possible cost.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$47,150,723$48,335,070▲ $1,184,347
Rtn Earn Endowment Incm Other Fnds$29,756,165$29,622,858▼ $133,307
Investments Program Related$11,819,809$11,987,601▲ $167,792
Accounts Receivable$3,201,825$3,019,578▼ $182,247
Cash and Non-Interest-Bearing Accounts$2,023,363$1,888,379▼ $134,984
Prepaid Expenses and Deferred Charges$1,940,010$1,596,025▼ $343,985
Inventories for Sale or Use$130,481$126,680▼ $3,801
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$66,266,211$66,953,333▲ $687,122
Liabilities
Mortgage Notes Payable Secured by Investment Property$32,384,473$33,478,394▲ $1,093,921
Accounts Payable and Accrued Expenses$3,107,271$2,934,125▼ $173,146
Other Liabilities$536,534$498,776▼ $37,758
Deferred Revenue$481,768$419,180▼ $62,588
Total Liabilities$36,510,046$37,330,475▲ $820,429
Net Assets / Fund Balance
Total Net Assets Fund Balance$29,756,165$29,622,858▼ $133,307
Total Liabilities and Net Assets / Fund Balance$66,266,211$66,953,333▲ $687,122

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$47,419,626$10,001,625$57,421,251
Buildings$781,118$873,383$1,654,501
Land$134,326-$134,326
Investment Program Related Org$193,394--
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Todd SchroederGeneral ManagerFT$152,841$60,510$213,351
Nick StueveLinemanFT$103,396$16,624$120,020
Benjamin WilliamsLinemanFT$101,949$12,522$114,471
Richard L KempSecretary-TreasurerPT$8,050-$8,050
Charles LileDirector-$7,700-$7,700
Gregory P BrunoVice PresidentPT$6,900-$6,900
James CollinsPresident-$6,800-$6,800
Larry E RobuckDirectorPT$6,700-$6,700
Alvin WeimerDirector-$6,600-$6,600
Glenda S WoodDirectorPT$6,500-$6,500
Danny SmithsonDirector-$5,700-$5,700
Daniel FitzhughDirectorPT$4,400-$4,400
Paul UnterbrinkDirectorPT$2,000-$2,000

Highest Paid Contractors

ContractorServicesLocationCompensation
T and T Tree ServiceROW MaintenancePO Box 104, Laplata, MO 63549$967,665
Scobee Powerline Construction LLCLine ConstructionPO Box 554, Cameron, MO 64429$599,563
Tom's Tree ServiceROW Maintenance1313 S main St, Albia, IA 52531$323,755
Revenue and Support

Revenue Composition

Contributions and Grants
$300,000
Program Service Revenue
$25,868,483
Investment Income
$137,798
Other Revenue
$0
Change in Net Assets
$-133,307

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,006,281
Revenue Not Reported on Financial Statements
$300,000
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$300,000
Total Revenue per Audited Statements
$26,006,281
Total Revenue per Form 990
$26,306,281
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24,873,155
Salaries, Compensation, and Employee Benefits$214,191
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,164,116--$2,164,116
Benefits to Members$1,352,242--$1,352,242
Other Expenses$1,196,131--$1,196,131
Interest$1,141,901--$1,141,901
All Other Expenses$922,637--$922,637
Current Officers, Directors, Trustees, and Key Employees$214,191--$214,191
Total Functional Expenses$26,439,588$0$0$26,439,588

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$26,439,588
Expenses per Audited Statements$25,087,346
Total Expenses per Audited Statements$25,087,346
Expenses Not Reported on Financial Statements$1,352,242
Other Expense Adjustments$1,352,242
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 Cooperative - Common board membersPurchase of electric energy for distributionYes$14,782,824
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$498,776
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

“The organization operates on a cooperative basis. Each customer is a member/owner of the entity and is entitled to one vote per member at the annual meeting.”

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

“Member/owners of the Cooperative elect the Board of Directors at the annual meeting.”

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

“Member/Owners have the ability to vote on amendments to the Cooperative's Bylaws and reserve the right to vote on the sale of the cooperative.”

Form 990, Part VI, Section B, line 11B

“Management reviews the 990 with the Board of Directors before filing the document.”

Form 990, Part VI, Section B, line 12C

“Directors are requried to report any conflicts of interest to the General Counsel of the cooperative. The General Counsel acts as the compliance officer.”

Form 990, Part VI, Section B, line 15

“Salaries of top management personnel are reviewed annually by the Board of Directors. Comparative information from industry sources and evaluation of the Manager's performance are determining factors used by the Board.”

Form 990, Part VI, Section C, line 18

“Federal Form 990 is made available through www.guidestar.org or upon request at the Cooperative's office.”

Form 990, Part VI, Section C, line 19

“Governing documents and financial statements are made available through www.guidestar.org or upon request at the Cooperative's office.”

Filing and Contact Details

Filer

Filer Name
Macon Electric Cooperative
EIN
43-0388909
Phone
6603853157
Address
PO Box 157, Macon, MO 63552

Signing Officer

Name
Todd Schroeder
Title
General Manager
Phone
6603853157
Signed
2019-10-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Todd Schroeder
Formed
1935
Legal Domicile
Mo
Voting Board Members
9
Independent Board Members
9
Employees
47
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 XI, Line 4B - Other Adjustments:

“RUS REDLG Grant treated as donated capital on financial statements”

Part XII, Line 4B - Other Adjustments:

“Retirement of capital credits reported as member benefits”

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IRS990/FormationYr01935
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt0300000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt026306281
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ProgramServicesAmt01141901
IRS990/InterestGrp/TotalAmt01141901
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0130481
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0126680
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0137798
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0137798
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt011819809
IRS990/InvestmentsProgramRelatedGrp/EOYAmt011987601
IRS990/IRPDocumentCnt051
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt010875008
IRS990/LandBldgEquipBasisNetGrp/BOYAmt047150723
IRS990/LandBldgEquipBasisNetGrp/EOYAmt048335070
IRS990/LandBldgEquipCostOrOtherBssAmt059210078
IRS990/LegalDomicileStateCd0MO
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt025518153
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0At Macon Electric Cooperative, we are dedicated to providing our member-owners with quality and reliable electric service at the lowest possible cost. We also strive to provide services to improve the quality of life throughout the communities we serve.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt032384473
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt033478394
IRS990/NetAssetsOrFundBalancesBOYAmt029756165
IRS990/NetAssetsOrFundBalancesEOYAmt029622858
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Purchased Power
IRS990/OtherExpensesGrp/Desc1Maintenance
IRS990/OtherExpensesGrp/Desc2Administrative Expense
IRS990/OtherExpensesGrp/Desc3Operations
IRS990/OtherExpensesGrp/ProgramServicesAmt014782824
IRS990/OtherExpensesGrp/ProgramServicesAmt13046591
IRS990/OtherExpensesGrp/ProgramServicesAmt21618955
IRS990/OtherExpensesGrp/ProgramServicesAmt31196131
IRS990/OtherExpensesGrp/TotalAmt014782824
IRS990/OtherExpensesGrp/TotalAmt13046591
IRS990/OtherExpensesGrp/TotalAmt21618955
IRS990/OtherExpensesGrp/TotalAmt31196131
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt0536534
IRS990/OtherLiabilitiesGrp/EOYAmt0498776
IRS990/OtherSourcesGrossIncomeAmt0488128
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01940010
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01596025
IRS990/PrincipalOfficerNm0Todd Schroeder
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/BusinessCd3221000
IRS990/ProgramServiceRevenueGrp/Desc0Electric Service
IRS990/ProgramServiceRevenueGrp/Desc1Capital Credits
IRS990/ProgramServiceRevenueGrp/Desc2Other Electric Revenue
IRS990/ProgramServiceRevenueGrp/Desc3Other
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt024740973
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1851668
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2198645
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt377197
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt024740973
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1851668
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2198645
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt377197
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt01031183
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt094030
IRS990/PYOtherExpensesAmt023474139
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt025133005
IRS990/PYRevenuesLessExpensesAmt0512398
IRS990/PYSalariesCompEmpBnftPaidAmt0209315
IRS990/PYTotalExpensesAmt024714637
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt025227035
IRS990/ReconcilationRevenueExpnssAmt0-133307
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt026006281
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt029756165
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt029622858
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0781118
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0873383
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01654501
IRS990ScheduleD/EquipmentGrp/BookValueAmt047419626
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010001625
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt057421251
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01352242
IRS990ScheduleD/ExpensesSubtotalAmt025087346
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt010711004
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1757867
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2129556
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3153496
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt442284
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt5193394
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Northeast MO Electric Power Patronage
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1NRUCFC Patronage and Certificates
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2Arkansas Electric Patronage
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3Federated Insurance Patronage
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4Other Patronage Accounts
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5Subsidiary
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/LandGrp/BookValueAmt0134326
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0134326
IRS990ScheduleD/OtherExpensesNotIncludedAmt01352242
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0498776
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Customer Deposits
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0300000
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0300000
IRS990ScheduleD/RevenueSubtotalAmt026006281
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RUS REDLG Grant treated as donated capital on financial statements
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Retirement of capital credits reported as member benefits
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt048335070
IRS990ScheduleD/TotalBookValueProgramRltdAmt011987601
IRS990ScheduleD/TotalExpensesPerForm990Amt026439588
IRS990ScheduleD/TotalLiabilityAmt0498776
IRS990ScheduleD/TotalRevenuePerForm990Amt026306281
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt026006281
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt025087346
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0152841
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt057710
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt02800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Todd Schroeder
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0General Manager
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0213351
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Northeast Missouri Electric Power Cooperative
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Member/Owner of Cooperative - Common board members
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd01
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt014782824
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Purchase of electric energy for distribution
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization operates on a cooperative basis. Each customer is a member/owner of the entity and is entitled to one vote per member at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Member/owners of the Cooperative elect the Board of Directors at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Member/Owners have the ability to vote on amendments to the Cooperative's Bylaws and reserve the right to vote on the sale of the cooperative.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Management reviews the 990 with the Board of Directors before filing the document.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Directors are requried to report any conflicts of interest to the General Counsel of the cooperative. The General Counsel acts as the compliance officer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Salaries of top management personnel are reviewed annually by the Board of Directors. Comparative information from industry sources and evaluation of the Manager's performance are determining factors used by the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Federal Form 990 is made available through www.guidestar.org or upon request at the Cooperative's office.

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$66,953,333
Liabilities
$37,330,475
Net assets
$29,622,858
Revenue
$26,306,281
Expenses
$26,439,588
Net income
-$133,307
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$83.0$49.3$33.7$31.3$30.8$0.52
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$82.4$49.1$33.2$29.5$27.8$1.67
2022Detailed filing. Detailed filing data is available for this year.$75.5$44.0$31.6$26.6$27.1$0.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$74.0$42.6$31.4$26.5$26.3$0.25
2020Detailed filing. Detailed filing data is available for this year.$74.5$42.8$31.7$26.3$25.5$0.81
2019Detailed filing. Detailed filing data is available for this year.$74.4$43.5$30.9$26.8$25.6$1.25
2018Detailed filing. Detailed filing data is available for this year.$67.0$37.3$29.6$26.3$26.4$0.13
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.3$36.5$29.8$25.2$24.7$0.51
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$65.1$35.8$29.2$25.1$23.3$1.81
2015Detailed filing. Detailed filing data is available for this year.$58.3$30.9$27.4$24.4$23.6$0.80
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.0$32.7$26.3$24.4$25.1$0.74
2013Detailed filing. Detailed filing data is available for this year.$56.5$31.5$25.0$23.6$23.6$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.4$26.1$24.3$22.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.2$24.5$23.7$22.7
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.6$23.3$23.3$20.7