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Nonprofiteer
← MISSOURI ELECTRIC COOPERATIVES

Form 990 for tax year 2023

Filed by MISSOURI ELECTRIC COOPERATIVES.

Totals

Total revenue
$14,319,012
Total expenses
$13,438,921
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,053,646
Investment income
$169,280
Other revenue
$96,086
Total assets, end of year
$8,639,515
Total liabilities, end of year
$2,788,961
Net assets or fund balances, end of year
$5,850,554
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RURAL MO MAGAZINE

    total $5,462,628 · related or exempt $4,082,317 · unrelated business $1,380,311

  • 2b · Program service revenue: MEMBERSHIP DUES & ASSESSMENTS

    total $4,336,492 · related or exempt $4,336,492

  • 2c · Program service revenue: RISK MANAGEMENT/TRAINING

    total $2,195,281 · related or exempt $2,195,281

  • 2d · Program service revenue: OTHER MEMBER SERVICES

    total $1,073,133 · related or exempt $1,058,033 · unrelated business $15,100

  • 2e · Program service revenue: COOP ADVERTISING

    total $657,239 · related or exempt $657,239

  • 2f · All other program service revenue

    total $328,873 · related or exempt $328,873

  • 3 · Investment income

    total $50,330 · excluded $50,330

  • 7a · Gross sales of assets other than inventory

    other assets $118,950

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $118,950

  • 7d · Net gain or loss

    total $118,950 · excluded $118,950

  • 8a · Fundraising events: gross income

    $29,784

  • 8b · Fundraising events: direct expenses

    $29,784

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $1,494

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $1,494 · related or exempt $1,494

  • 11a · Other revenue: MISCELLANEOUS

    total $94,592 · related or exempt $94,592

  • 11e · Other revenue, total

    $94,592

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $736,361

  • 7 · Other salaries and wages

    total $2,748,524

  • 8 · Pension plan contributions

    total $980,953

  • 9 · Other employee benefits

    total $604,103

  • 10 · Payroll taxes

    total $232,565

  • 11b · Fees: legal

    total $7,971

  • 11c · Fees: accounting

    total $30,955

  • 11d · Fees: lobbying

    total $182,500

  • 11g · Fees: other

    total $531,720

  • 12 · Advertising and promotion

    total $554,761

  • 13 · Office expenses

    total $463,950

  • 16 · Occupancy

    total $67,596

  • 17 · Travel

    total $451,377

  • 19 · Conferences, conventions and meetings

    total $445,145

  • 22 · Depreciation, depletion and amortization

    total $317,017

  • 23 · Insurance

    total $42,879

  • 24a · Other expenses: MAGAZINE/DIRECTORY PRIN

    total $2,400,739

  • 24b · Other expenses: POSTAGE

    total $1,599,541

  • 24c · Other expenses: OTHER PROGRAM EXPENSE

    total $1,016,256

  • 24d · Other expenses: MISCELLANEOUS

    total $24,008

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,341,992 · end of year $4,537,368

  • 4 · Accounts receivable

    beginning of year $879,240 · end of year $1,197,690

  • 9 · Prepaid expenses and deferred charges

    beginning of year $932,731 · end of year $880,388

  • 10a · Land, buildings and equipment: cost or other basis

    $4,905,010

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,331,119

  • 10c · Land, buildings and equipment, net

    beginning of year $1,330,340 · end of year $1,573,891

  • 12 · Investments: other securities

    beginning of year $345,991 · end of year $450,178

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,855,311 · end of year $2,077,425

  • 25 · Other liabilities

    beginning of year $0 · end of year $711,536

  • 27 · Net assets without donor restrictions

    beginning of year $4,974,983 · end of year $5,850,554

Mission and programs · 2023

Mission

TO COORDINATE THE SERVICES PROVIDED BY OUR 47 MEMBER SYSTEMS TO ENSURE THE CONTINUED DELIVERY OF AFFORDABLE AND RELIABLE ELECTRICITY.

  • IN SUPPORT OF THE MISSION OF THE ASSOCIATION OF MISSOURI ELECTRIC COOPERATIVES, THE RURAL MISSOURI MAGAZINE SERVES AS THE CHIEF MEANS OF COMMUNICATION FOR THE ASSOCIATION'S MEMBER SYSTEMS. IN 2023, RURAL MISSOURI STAFF PRINTED AND MAILED 6,988,925 COPIES OF THE PUBLICATION AT A COST THAT IS BELOW THE PRICE OF A POSTAGE STAMP. STAFF PRODUCED 660 PAGES OF MATERIAL TO INFORM MEMBERS ABOUT ISSUES RELATED TO THE ELECTRIC COOPERATIVE PROGRAM. IN ADDITION, AN AVERAGE OF 110 LOCAL PAGES WERE PRODUCED PER MONTH THAT INFORMED MEMBERS ABOUT SERVICES AND EVENTS RELATED TO THEIR LOCAL SYSTEM. THE PUBLICATION ALSO SERVED AS THE OFFICIAL NOTICE OF ANNUAL MEETING FOR MEMBER SYSTEMS, SAVING MEMBER SYSTEMS AN AVERAGE OF $12,000.

  • THE RISK MANAGEMENT AND TRAINING DEPARTMENT PROVIDES ONSITE SAFETY MEETINGS, TRAINING SCHOOLS, CONFERENCES, TESTING SERVICES, MECIP (WORKERS COMPENSATION) AUDITS/INSPECTIONS, AECI RISK ASSESSMENTS, AND RESAP AUDITS FOR 46 ELECTRIC COOPERATIVES IN MISSOURI. THE DEPARTMENT ALSO COORDINATES MUTUAL AID AMONG ITS MEMBER SYSTEMS TO SUPPORT ELECTRIC COOPERATIVES IN OTHER STATES AFFECTED BY NATURAL DISASTERS. DURING 2023, 276 SAFETY MEETINGS WERE PRESENTED AND 29 TRAINING SCHOOLS AND CONFERENCES. THE TOTAL NUMBER OF COOPERATIVE EMPLOYEES THAT ATTENDED TRAINING SCHOOLS AND CONFERENCES WAS 965. 40 MECIP AUDITS/INSPECTIONS, 10 AECI RISK ASSESSMENTS AND 8 RESAP ONSITE OBSERVATIONS WERE COMPLETED. THE TESTING PROGRAM TESTED 884 TRUCKS, 4,843 GROUNDS, 3,848 LIVE LINE TOOLS AND 10,495 PIECES OF COVER-UP. ALL BILLING TO COOPERATIVES WAS THROUGH AMEC.

  • COOPERATIVE ADVERTISING - THIS PROGRAM SERVES AS THE ADVERTISING PROGRAM FOR ALL OF MISSOURI'S ELECTRIC COOPERATIVES. MEDIA PURCHASES ARE MADE FOR COOPERATIVES BOTH INDIVIDUALLY AND COLLECTIVELY. THE GOAL IS TO RECEIVE A BETTER RATE FOR OUR SYSTEMS WITH GROUP PURCHASES AND HAVE STATEWIDE COVERAGE. THE ADS ARE A COMBINATION OF "ELECTRICAL SAFETY," "BRAND MARKETING AND "YOUTH INITIATIVE". ADS WERE ALSO RUN IN PRINT FORM. THESE WERE MAINLY IN RURAL MISSOURI MAGAZINE, TODAY'S FARMER AND OTHER AGRICULTURE INDUSTRY PUBLICATIONS. THE FOCUS OF THESE PRINT ADS WAS PROMOTING SAFETY AROUND ELECTRIC LINES.SYSTEMS SERVED: 40 DISTRIBUTION COOPERATIVES, 6 TRANSMISSION COOPERATIVES AND 1 GENERATION COOPERATIVE.BROADCAST AREA: RADIO - ENTIRE STATE OF MISSOURI, PLUS ADDITIONAL BROADCASTS DURING THE STATE FAIR. PRINT AREA IS THE ENTIRE STATE OF MISSOURI CIRCULATION. SOCIAL MEDIA IS PRESENT ON FACEBOOK, X, INSTAGRAM, TIK TOK, AND SOME WEB PAGES.NUMBER OF STATIONS/BROADCASTS/PRINTS/SOCIAL MEDIA: APPROXIMATELY 83 STATIONS, APPROXIMATELY 10,000 RADIO ADS, 12 PRINT ADS PER YEAR IN RURAL MISSOURI, AND 35 TIMES IN TODAY'S FARMER, AND OTHER AG MAGAZINES. ALSO PLACEMENT OF BANNERS ON INTERNET AND STREAMING TV SERVICES AND POSTS ON FACEBOOK. ADS WERE ALSO PLACED ON PANDORA AND SPOTIFY STREAMING RADIO.SHORT TERM GOALS: PROVIDE PUBLIC INFORMATION AS IT RELATES TO SAFETY AND CURRENT ISSUES OF ELECTRIC COOPERATIVES. EXAMPLES: RATE ISSUES, STORMS, ENERGY EFFICIENCY, ETC.LONG TERM GOALS: BUILDING A BASE FOR CONTINUALLY UPDATING OUR MEMBER OWNERS ON CURRENT EVENTS AND A CONSISTENT, ONGOING MESSAGE OF BEING SAFE AROUND ELECTRICITY. WE ALSO TRY TO PROVIDE THESE MESSAGES IN THE MOST ECONOMICAL AND BROAD MEANS POSSIBLE. THIS IS THE IDEA OF GROUP PURCHASE OF ADS ON BEHALF OF THE ENTIRE COOPERATIVE SYSTEM.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Darrell Atchison

    PRESIDENT

    Total calculated
    $4,018
    From this org
    $4,018
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Loren Haines

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Kimberly Ponder

    SECRETARY/TREASURER

    Total calculated
    $4,325
    From this org
    $4,325
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Carmen Hartwell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Aaron Bradshaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Amber Overfelt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charles Bunting

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Hamon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Turner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Clark Bredehoeft

    DIRECTOR

    Total calculated
    $6,553
    From this org
    $6,553
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dan Singletary

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Daniel Sisco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Tudor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Donald Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Doug Tracy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Duane Klute

    DIRECTOR

    Total calculated
    $1,651
    From this org
    $1,651
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jack Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • James Ashworth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jamie Vaughn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jarrod Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jay Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeff Hull

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jennifer McBroom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Joseph Cason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Hemeyer

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • John Richards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Singleton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Keith Haynes

    DIRECTOR

    Total calculated
    $8,561
    From this org
    $8,561
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kendall Davis

    DIRECTOR

    Total calculated
    $5,471
    From this org
    $5,471
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kevin Dechant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Larry Clark

    DIRECTOR

    Total calculated
    $3,092
    From this org
    $3,092
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Marvin Harding

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Scheib

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patrick Oehlschlager

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Phil Jensen

    DIRECTOR

    Total calculated
    $822
    From this org
    $822
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Richard Kemp

    DIRECTOR

    Total calculated
    $4,047
    From this org
    $4,047
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Roger Kloeppel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ronald Bledsoe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ronald Steuck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ross Frankenbach

    DIRECTOR

    Total calculated
    $651
    From this org
    $651
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Samuel Auxier

    DIRECTOR

    Total calculated
    $6,512
    From this org
    $6,512
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Shera Dameron

    DIRECTOR

    Total calculated
    $3,646
    From this org
    $3,646
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Stanley Irsik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Steve Elsea

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Thomas Howard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tim Minehardt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Wayne Plunkett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Caleb Jones

    CEO/EXEC. VP

    Total calculated
    $611,784
    From this org
    $499,706
    From related orgs
    $0
    Other
    $112,078
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $499,706
    Bonus
    $0
    Other
    $0
    Deferred
    $85,222
    Nontaxable benefits
    $26,856
    Filer's total
    $611,784

  • Kate Boatright

    CFO/VP FINANCE

    Total calculated
    $311,112
    From this org
    $228,312
    From related orgs
    $0
    Other
    $82,800
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $228,312
    Bonus
    $0
    Other
    $0
    Deferred
    $56,306
    Nontaxable benefits
    $26,494
    Filer's total
    $311,112

  • Johnie Hendrix

    VP RISK MANAGMENT

    Total calculated
    $199,860
    From this org
    $145,960
    From related orgs
    $0
    Other
    $53,900
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $145,960
    Bonus
    $0
    Other
    $0
    Deferred
    $29,039
    Nontaxable benefits
    $24,861
    Filer's total
    $199,860

  • Craig Moeller

    ASST. DIRECTOR RMT

    Total calculated
    $205,811
    From this org
    $141,200
    From related orgs
    $0
    Other
    $64,611
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $141,200
    Bonus
    $0
    Other
    $0
    Deferred
    $46,182
    Nontaxable benefits
    $18,429
    Filer's total
    $205,811

  • Chris Massman

    VP MEMBER SERVICES

    Total calculated
    $174,715
    From this org
    $121,212
    From related orgs
    $0
    Other
    $53,503
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $121,212
    Bonus
    $0
    Other
    $0
    Deferred
    $35,534
    Nontaxable benefits
    $17,969
    Filer's total
    $174,715

  • Rob Gerling

    DIRECTOR TESTING DIVISION

    Total calculated
    $169,732
    From this org
    $119,351
    From related orgs
    $0
    Other
    $50,381
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $119,351
    Bonus
    $0
    Other
    $0
    Deferred
    $38,399
    Nontaxable benefits
    $11,982
    Filer's total
    $169,732

  • Tim Pirtle

    TRAINING INSTRUCTOR/COMPLIANCE

    Total calculated
    $176,590
    From this org
    $115,550
    From related orgs
    $0
    Other
    $61,040
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $115,550
    Bonus
    $0
    Other
    $0
    Deferred
    $36,671
    Nontaxable benefits
    $24,369
    Filer's total
    $176,590

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN C
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BREAKDOWN OF DEFERRED COMPENSATION REPORTED ON PART II, COLUMN (C): CALEB JONES: INCREASE IN DEFINED BENEFIT PLAN: $ 70,818 MATCHING CONTRIBUTION TO 401K 14,404 TOTAL REPORTED IN COLUMN C $ 85,222 KATE BOATRIGHT: INCREASE IN DEFINED BENEFIT PLAN: $ 49,358 MATCHING CONTRIBUTION TO 401K 6,948 TOTAL REPORTED IN COLUMN C $ 56,306 CRAIG MOELLER: INCREASE IN DEFINED BENEFIT PLAN: $ 41,899 MATCHING CONTRIBUTION TO 401K 4,283 TOTAL REPORTED IN COLUMN C $ 46,182 JOHNIE HENDRIX: INCREASE IN DEFINED BENEFIT PLAN: $ 24,786 MATCHING CONTRIBUTION TO 401K 4,253 TOTAL REPORTED IN COLUMN C $ 29,039 TIM PIRTLE: INCREASE IN DEFINED BENEFIT PLAN: $ 33,269 MATCHING CONTRIBUTION TO 401K 3,402 TOTAL REPORTED IN COLUMN C $ 36,671 CHRIS MASSMAN: INCREASE IN DEFINED BENEFIT PLAN: $ 32,236 MATCHING CONTRIBUTION TO 401K 3,298 TOTAL REPORTED IN COLUMN C $ 35,534 ROB GERLING: INCREASE IN DEFINED BENEFIT PLAN: $ 34,834 MATCHING CONTRIBUTION TO 401K 3,565 TOTAL REPORTED IN COLUMN C $ 38,399

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202433139349300243

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