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Nonprofiteer
← MISSOURI RURAL ELECTRIC COOPERATIVE

Form 990 for tax year 2022

Filed by MISSOURI RURAL ELECTRIC COOPERATIVE.

Totals

Total revenue
$19,174,289
Total expenses
$19,549,148
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$18,642,668
Investment income
$39,769
Other revenue
$491,852
Total assets, end of year
$38,944,273
Total liabilities, end of year
$18,555,406
Net assets or fund balances, end of year
$20,388,867
Program services expenses (Part IX)
$19,549,148
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$19,549,148

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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: ELECTRIC SALES

    total $18,552,962 · related or exempt $18,552,962

  • 2b · Program service revenue: OTHER ELECTRIC REVENUE

    total $89,706 · related or exempt $89,706

  • 3 · Investment income

    total $39,769 · related or exempt $39,769

  • 11a · Other revenue: OTHER REVENUE

    total $28,209 · related or exempt $28,209

  • 11b · Other revenue: PATRONAGE CAPITAL CREDI

    total $463,643 · related or exempt $463,643

  • 11e · Other revenue, total

    $491,852

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $865,364 · program services $865,364

  • 20 · Interest

    total $596,395 · program services $596,395

  • 22 · Depreciation, depletion and amortization

    total $1,024,485 · program services $1,024,485

  • 24a · Other expenses: COST OF POWER

    total $12,539,190 · program services $12,539,190

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $2,635,570 · program services $2,635,570

  • 24c · Other expenses: CUSTOMER ACCOUNTS EXPENSE

    total $503,597 · program services $503,597

  • 24d · Other expenses: GENERAL AND ADMIN EXPENSE

    total $1,384,547 · program services $1,384,547

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $594,308 · end of year $794,994

  • 4 · Accounts receivable

    beginning of year $1,556,936 · end of year $1,695,742

  • 8 · Inventories for sale or use

    beginning of year $559,018 · end of year $932,005

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,205 · end of year $13,705

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

    $35,704,107

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

    $11,612,335

  • 10c · Land, buildings and equipment, net

    beginning of year $23,136,983 · end of year $24,091,772

  • 15 · Other assets

    beginning of year $11,507,639 · end of year $11,416,055

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,686,294 · end of year $1,668,543

  • 23 · Secured mortgages and notes payable

    beginning of year $14,384,115 · end of year $16,342,057

  • 25 · Other liabilities

    beginning of year $690,780 · end of year $544,806

  • 29 · Capital stock, trust principal or current funds

    beginning of year $97,155 · end of year $98,840

  • 31 · Retained earnings, endowment or other funds

    beginning of year $20,509,745 · end of year $20,290,027

Mission and programs · 2022

Mission

THE PRIMARY EXEMPT PURPOSE OF THE COOPERATIVE IS TO PROVIDE ELECTRIC SERVICE TO ITS APPROXIMATELY 4,400 MEMBERS REPRESENTING 5,571 METERS IN FIVE COUNTIES IN NORTHEAST MISSOURI.

  • THE COOPERATIVE PROVIDES ELECTRICITY TO ITS APPROXIMATELY 4,400 MEMBER-OWNERS THROUGH ITS DISTRIBUTION SYSTEM.

    Expenses $19,549,148

As filed on the 2022 return.

Listed in Part VII

  • Matthew Hudson

    GENERAL MANAGER

    Total calculated
    $238,344
    From this org
    $166,252
    From related orgs
    $0
    Other
    $72,092
    Hours/week
    45.13

    Schedule J breakdown matched by us

    Base
    $166,252
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $72,092
    Filer's total
    $238,344

  • Kayla Klauser

    MANAGER OF FINANCE AND ACCOUN

    Total calculated
    $143,357
    From this org
    $91,456
    From related orgs
    $0
    Other
    $51,901
    Hours/week
    42.15

  • Ollie L Pennewell

    DIRECTOR

    Total calculated
    $9,450
    From this org
    $9,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.75

  • Ross Frankenbach

    DIRECTOR

    Total calculated
    $9,100
    From this org
    $9,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.08

  • Joseph Swisher

    VICE PRESIDENT

    Total calculated
    $8,050
    From this org
    $8,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.36

  • Gerald Schoenborn

    DIRECTOR

    Total calculated
    $7,350
    From this org
    $7,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Trent Gottman

    SECRETARY

    Total calculated
    $7,350
    From this org
    $7,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.03

  • Shondell Haerr

    PRESIDENT

    Total calculated
    $7,000
    From this org
    $7,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.05

  • Robert Hall

    DIRECTOR

    Total calculated
    $5,950
    From this org
    $5,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.66

  • Dick Disselhorst

    TREASURER

    Total calculated
    $5,950
    From this org
    $5,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.9

  • Greg R Straus

    DIRECTOR

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.29

  • David Wright

    DIRECTOR

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.79

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

None.

Answered no

None.

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
2022
Filed
16 August 2023
IRS schema version
2022v5.0
Source object
202322549349300517

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