Civic Intelligence

Semo Electric Cooperative

990 • Fiscal year 2019 • EIN 43-0510025

Jan 01, 2019 to Dec 31, 2019 • Filed on Aug 07, 2020

Organization ProfileGOSEMO.COM
PO Box 520Sikeston, MO 63801

(573) 471-5821

Siviq Scores

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

Liabilities / Assets

49th percentile

0.55x

Higher debt load relative to assets than 49% of similar nonprofits.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

79th percentile

1.86x

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

2019 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2019

Net Margin

6th percentile

-1.3%

Higher net margin than 6% of similar nonprofits.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

47th percentile

$305,414

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2019

Asset Growth

85th percentile

8.9%

Faster asset growth than 85% of similar nonprofits.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

83rd percentile

4.8%

Faster revenue growth than 83% of similar nonprofits.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$139,730,102

Up $11,368,608 (+8.9%) from 2018

Net Assets

Down

$63,112,090

Down $499,818 (-0.8%) from 2018

Liabilities

Up

$76,618,012

Up $11,868,426 (+18%) from 2018

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin6th percentile

Revenue

Up

$41,147,484

Up $1,894,809 (+4.8%) from 2018

Expenses

Up

$41,662,231

Up $3,047,803 (+7.9%) from 2018

Net Income

Down

-$514,747

Down $1,152,994 (-181%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$200M$150M$100M$50M$0Assets 2011: $98,746,480Liabilities 2011: $45,645,741Net Assets 2011: $53,100,7392011Assets 2012: $101,361,606Liabilities 2012: $44,618,870Net Assets 2012: $56,742,7362012Assets 2013: $106,274,537Liabilities 2013: $47,139,958Net Assets 2013: $59,134,5792013Assets 2014: $108,254,611Liabilities 2014: $47,160,364Net Assets 2014: $61,094,2472014Assets 2015: $109,518,850Liabilities 2015: $46,517,189Net Assets 2015: $63,001,6612015Assets 2016: $110,304,657Liabilities 2016: $46,953,396Net Assets 2016: $63,351,2612016Assets 2017: $112,726,232Liabilities 2017: $49,747,172Net Assets 2017: $62,979,0602017Assets 2018: $128,361,494Liabilities 2018: $64,749,586Net Assets 2018: $63,611,9082018Assets 2019: $139,730,102Liabilities 2019: $76,618,012Net Assets 2019: $63,112,0902019Assets 2020: $155,297,219Liabilities 2020: $92,339,913Net Assets 2020: $62,957,3062020

Highlighted filing

2019

Assets$139,730,102
Liabilities$76,618,012
Net Assets$63,112,090
Open 2019 Filing

Operations Trend

Revenue Growth83rd percentile

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

$60M$40M$20M$0-$20MExpenses 2011: $29,272,2572011Expenses 2012: $29,607,7972012Revenue 2013: $33,841,314Expenses 2013: $31,319,771Net Income 2013: $2,521,5432013Revenue 2014: $34,828,190Expenses 2014: $32,457,922Net Income 2014: $2,370,2682014Revenue 2015: $35,212,854Expenses 2015: $33,530,840Net Income 2015: $1,682,0142015Revenue 2016: $35,960,486Expenses 2016: $35,511,286Net Income 2016: $449,2002016Revenue 2017: $35,299,559Expenses 2017: $35,773,853Net Income 2017: -$474,2942017Revenue 2018: $39,252,675Expenses 2018: $38,614,428Net Income 2018: $638,2472018Revenue 2019: $41,147,484Expenses 2019: $41,662,231Net Income 2019: -$514,7472019Revenue 2020: $43,598,236Expenses 2020: $43,765,830Net Income 2020: -$167,5942020

Highlighted filing

2019

Revenue$41,147,484
Expenses$41,662,231
Net Income-$514,747
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 7, 2020
Return Version
2019v5.1
Gross Receipts
$41,174,570
Mission and Program Overview

Mission

To make people's lives better by providing safe, reliable, low-cost electricity, and fiber-fast internet, tv, and phone.

To make people's lives better by providing safe, reliable, low-cost electricity, and fiber-fast internet, tv and phone.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$96,074,504$109,614,882▲ $13,540,378
Rtn Earn Endowment Incm Other Fnds$63,611,908$63,112,090▼ $499,818
Investments Program Related$21,604,125$22,079,670▲ $475,545
Accounts Receivable$3,099,797$3,614,220▲ $514,423
Savings and Temporary Cash Investments$2,524,836--
Cash and Non-Interest-Bearing Accounts$2,327,148$1,652,682▼ $674,466
Inventories for Sale or Use$1,271,867$1,174,959▼ $96,908
Prepaid Expenses and Deferred Charges$105,393$77,060▼ $28,333
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$128,361,494$139,730,102▲ $11,368,608
Other Assets Total$1,353,824$1,516,629▲ $162,805
Liabilities
Mortgage Notes Payable Secured by Investment Property$56,220,843$69,078,415▲ $12,857,572
Accounts Payable and Accrued Expenses$4,893,037$4,695,371▼ $197,666
Other Liabilities$2,582,040$2,844,226▲ $262,186
Deferred Revenue$1,053,666--
Total Liabilities$64,749,586$76,618,012▲ $11,868,426
Net Assets / Fund Balance
Total Net Assets Fund Balance$63,611,908$63,112,090▼ $499,818
Total Liabilities and Net Assets / Fund Balance$128,361,494$139,730,102▲ $11,368,608

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$106,969,958$27,666,221$134,636,179
Buildings$2,221,002$1,617,739$3,838,741
Land$423,922-$423,922
Investment Program Related Org$19,581--
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sean VanslykeCEOFT$216,345$89,069$305,414
Larry KellySenior Manager of EngineeringFT$134,420$102,713$237,133
Martin VineyardSenior Manager of OperationsFT$130,295$87,616$217,911
Chris FreedManager of Fiber ConstructFT$124,098$76,690$200,788
Terry BuntingServiceman LinemanFT$138,607$53,108$191,715
Robert GilmerConstruction Crew LinemanFT$119,639$29,678$149,317
Keith HaynesBoard MemberPT$25,500-$25,500
Myron HawesBoard MemberPT$19,975-$19,975
Dennis FowlerBoard MemberPT$19,550-$19,550
Dicky HanorBoard MemberPT$18,675-$18,675
Glennon DirnbergerBoard MemberPT$16,575-$16,575
Carl EftinkBoard MemberPT$16,150-$16,150
Carla MooreBoard MemberPT$16,150-$16,150
James DenekeAssistant Treasurer/secretPT$15,725-$15,725
John BledsoeVice PresidentPT$15,300-$15,300
Tim CoppageSecretary/treasurerPT$9,775-$9,775
Hamil CorseBoard Member-$7,225-$7,225
Richard FaulknerPresidentPT$5,950-$5,950
Wayne CorseBoard Member-$1,700-$1,700

Highest Paid Contractors

ContractorServicesLocationCompensation
Ervin Cable Construction LLCFiber ConstructionPO BOX 10, Sturgis, KY 42459$9,571,138
Pike Electric INCUtility/fiber ConstructionPO BOX 1000, Memphis, TN 38148$2,351,737
Townsend Tree Service INCRight-of-way ClearingPO BOX 7015, Muncie, IN 47308$2,339,017
Highland Cabling LLCFiber Construction/fiber Home Installs223 N MAIN ST 205, Sikeston, MO 63801$1,717,607
Conexon LLCFiber Consulting Services2001 GRAND BLVD STE 700, Kansas City, MO 64108$1,026,700
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$40,993,795
Investment Income
$70,846
Other Revenue
$82,843
Change in Net Assets
$-514,747

Audited Revenue Reconciliation

Revenue per Audited Statements
$41,147,484
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$41,147,484
Total Revenue per Form 990
$41,147,484
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$40,603,967
Salaries, Compensation, and Employee Benefits$441,688
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$5,285,253
Other Expenses---$2,800,628
Interest---$2,793,322
All Other Expenses---$2,593,936
Benefits to Members---$616,576
Current Officers, Directors, Trustees, and Key Employees---$441,688
Total Functional Expenses$0$0$0$41,662,231

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$41,662,231
Total Expenses per Audited Statements$41,662,231
Total Expenses per Form 990$41,662,231
Expenses Not Reported on Financial Statements$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Postretirement Benefit Obligation$1,905,048
Customer Deposits$503,003
Deferred Credit$436,175
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 35% controlled entity
No
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 2

“There are limited farming relationships. Each director has signed a conflict of interest disclosure statement.”

Form 990, Part VI, Section A, Line 6

“All electric customers of the cooperative are members. All members have the same rights to elect individuals to the board of directors. Members receive patronage capital allocations based on their electric revenue contributed.”

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

“All board members are elected by the members of the cooperative at the annual meeting. The board members are elected to three year term limits.”

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

“In addition members of the cooperative must approve all bylaw changes.”

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

“A copy of the preliminary draft of the form 990 is presented at the monthly board meeting for the board to review and approve before filing.”

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

“The general manager monitors on an annual basis, the co-op's attorney reviews the board's responsibility and discusses conflict of interest.”

Form 990, Part VI, Section B, Line 15

“The board's personnel committee makes recommendation to the full board for the ceo's pay. The committee looks at market rates. Most other salaries are recommended by ceo and approved by board of directors.”

Form 990, Part VI, Section C, Line 18

“The 990 is available at the services counter at bloomfield and sikeston.”

Form 990, Part VI, Section C, Line 19

“Board minutes and year-to-date financials are printed each month in the newsletter and posted on the website. Plus, governing documents, bylaws, etc, are posted on the website.”

Filing and Contact Details

Filer

Filer Name
Semo Electric Cooperative
EIN
43-0510025
Phone
5734715821
Address
PO BOX 520, SIKESTON, MO 63801

Signing Officer

Name
Richard Faulkner
Title
President
Phone
5734715821
Signed
2020-08-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Faulkner
Formed
1938
Legal Domicile
Mo
Voting Board Members
12
Independent Board Members
12
Employees
66
Volunteers
0

Preparer

Firm
Botz Deal & Company Pc
Address
TWO WESTBURY DRIVE, ST CHARLES, MO 63301-2599
Preparer
Michele a Graham CPA
Phone
6369462800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Postretirement benefits liability adjustment -77,151. Amortization of postretirement benefits liability 92,080.”

Form 990, Part XII, Line 2C

“The organization's board of directors assume responsibility for oversight of the financial statements. The organization has not changed their oversight process from prior years. The board of directors review and approve at least two policies per month.”

Financial Statement Notes

PART X, LINE 2:

“Fasb asc topic 740, income taxes, provides for the recognition of tax benefits related to uncertain tax positions. For the year ended december 31, 2019, management believes there are no material uncertain tax positions. The agency files form 990 return of organization exempt from income tax, 990t and a mo-1120. Returns prior to 2016 are closed.”

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IRS990/Form990PartVIISectionAGrp/PersonNm0RICHARD FAULKNER
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IRS990/Form990PartVIISectionAGrp/PersonNm12HAMIL CORSE
IRS990/Form990PartVIISectionAGrp/PersonNm13SEAN VANSLYKE
IRS990/Form990PartVIISectionAGrp/PersonNm14MARTIN VINEYARD
IRS990/Form990PartVIISectionAGrp/PersonNm15LARRY KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm16TERRY BUNTING
IRS990/Form990PartVIISectionAGrp/PersonNm17CHRIS FREED
IRS990/Form990PartVIISectionAGrp/PersonNm18ROBERT GILMER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt05950
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt115300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt29775
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt315725
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt416575
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt516150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt619550
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt718675
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt819975
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt925500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1016150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt111700
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt127225
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13216345
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14130295
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15134420
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16138607
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17124098
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18119639
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASSISTANT TREASURER/SECRET
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt14SENIOR MANAGER OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt15SENIOR MANAGER OF ENGINEERING
IRS990/Form990PartVIISectionAGrp/TitleTxt16SERVICEMAN LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt17MANAGER OF FIBER CONSTRUCT
IRS990/Form990PartVIISectionAGrp/TitleTxt18CONSTRUCTION CREW LINEMAN
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01938
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt07349
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt034435
IRS990/GrossReceiptsAmt041174570
IRS990/GrossSalesOfInventoryAmt08228
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt018
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt02793322
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01271867
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01174959
IRS990/InvestmentIncomeGrp/ExclusionAmt063497
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt063497
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt021604125
IRS990/InvestmentsProgramRelatedGrp/EOYAmt022079670
IRS990/IRPDocumentCnt084
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt029283960
IRS990/LandBldgEquipBasisNetGrp/BOYAmt096074504
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0109614882
IRS990/LandBldgEquipCostOrOtherBssAmt0138898842
IRS990/LegalDomicileStateCd0MO
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt027086
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt037055674
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO MAKE PEOPLE'S LIVES BETTER BY PROVIDING SAFE, RELIABLE, LOW-COST ELECTRICITY, AND FIBER-FAST INTERNET, TV, AND PHONE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt056220843
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt069078415
IRS990/NetAssetsOrFundBalancesBOYAmt063611908
IRS990/NetAssetsOrFundBalancesEOYAmt063112090
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt07349
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt07349
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt08228
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt08228
IRS990/NetUnrelatedBusTxblIncmAmt0-15513473
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01353824
IRS990/OtherAssetsTotalGrp/EOYAmt01516629
IRS990/OtherChangesInNetAssetsAmt014929
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION MAINTENANC
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE & GENERA
IRS990/OtherExpensesGrp/Desc3DISTRIBUTION OPERATION
IRS990/OtherExpensesGrp/TotalAmt019328900
IRS990/OtherExpensesGrp/TotalAmt14234718
IRS990/OtherExpensesGrp/TotalAmt23567210
IRS990/OtherExpensesGrp/TotalAmt32800628
IRS990/OtherLiabilitiesGrp/BOYAmt02582040
IRS990/OtherLiabilitiesGrp/EOYAmt02844226
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt074615
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt074615
IRS990/OtherRevenueTotalAmt074615
IRS990/OtherSourcesGrossIncomeAmt04091810
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0105393
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt077060
IRS990/PrincipalOfficerNm0RICHARD FAULKNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1517000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/BusinessCd3532000
IRS990/ProgramServiceRevenueGrp/BusinessCd4221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC - ENERGY SALE
IRS990/ProgramServiceRevenueGrp/Desc1FIBER SERVICES
IRS990/ProgramServiceRevenueGrp/Desc2CAPITAL CREDITS
IRS990/ProgramServiceRevenueGrp/Desc3POLE RENTAL
IRS990/ProgramServiceRevenueGrp/Desc4SALVAGE REVENUE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11187614
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2115962
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt313940
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt037055674
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12610614
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21187614
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3115962
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt413940
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt02610614
IRS990/ProgSrvcAccomActy2Grp/Desc0IN 2017, THE CO-OP STARTED ITS FIBER-TO-THE-HOME PROJECT. THE FIRST INSTALL OCCURRED IN MARCH 2018. MEMBERS ARE EXCITED ABOUT THE SERVICES. AS OF JULY 15, 2019, THERE WERE 2,000 SUBSCRIBERS. IT WILL TAKE 18 MONTHS TO COMPLETE BUILDOUT. AS OF MARCH 11, 2020, THERE WERE 3,488 CONNECTED SUBSCRIBERS, THE BUILDOUT IS SCHEDULED TO BE COMPLETED IN OUR TERRITORY BY THE END OF 2020.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE COOPERATIVE INVESTS NEARLY TWO MILLION DOLLARS A YEAR TO TRIM TREES TO ENHANCE RELIABILITY. THE CO-OP HAS MORE THAN 2,600 MILES TO PROTECT. THE LINES NEED TRIMMED EVERY FOUR TO SIX YEARS.
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt043903
IRS990/PYOtherExpensesAmt037568739
IRS990/PYOtherRevenueAmt074363
IRS990/PYProgramServiceRevenueAmt039134409
IRS990/PYRevenuesLessExpensesAmt0638247
IRS990/PYSalariesCompEmpBnftPaidAmt0530194
IRS990/PYTotalExpensesAmt038614428
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt039252675
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-514747
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt063611908
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt063112090
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02524836
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02221002
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01617739
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03838741
IRS990ScheduleD/EquipmentGrp/BookValueAmt0106969958
IRS990ScheduleD/EquipmentGrp/DepreciationAmt027666221
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0134636179
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt041662231
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt020787674
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11272415
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt219581
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0PATRONAGE CAPITAL
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1CFC CAPITAL TERM CERTIFICATES

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$139,730,102
Liabilities
$76,618,012
Net assets
$63,112,090
Revenue
$41,147,484
Expenses
$41,662,231
Net income
-$514,747
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$155$92.3$63.0$43.6$43.8$0.17
2019Detailed filing. Detailed filing data is available for this year.$140$76.6$63.1$41.1$41.7$0.51
2018Detailed filing. Detailed filing data is available for this year.$128$64.7$63.6$39.3$38.6$0.64
2017Detailed filing. Detailed filing data is available for this year.$113$49.7$63.0$35.3$35.8$0.47
2016Detailed filing. Detailed filing data is available for this year.$110$47.0$63.4$36.0$35.5$0.45
2015Detailed filing. Detailed filing data is available for this year.$110$46.5$63.0$35.2$33.5$1.68
2014Detailed filing. Detailed filing data is available for this year.$108$47.2$61.1$34.8$32.5$2.37
2013Detailed filing. Detailed filing data is available for this year.$106$47.1$59.1$33.8$31.3$2.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$101$44.6$56.7$29.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$98.7$45.6$53.1$29.3