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Nonprofiteer
← MISSOURI ELECTRIC COOPERATIVES

Form 990 for tax year 2024

Filed by MISSOURI ELECTRIC COOPERATIVES.

Totals

Total revenue
$14,597,167
Total expenses
$14,516,804
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$14,162,001
Investment income
$168,180
Other revenue
$266,986
Total assets, end of year
$8,968,722
Total liabilities, end of year
$3,013,071
Net assets or fund balances, end of year
$5,955,651
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: MEMBERSHIP DUES & ASSESSMENTS

    total $5,763,186 · related or exempt $5,763,186

  • 2b · Program service revenue: RURAL MO MAGAZINE

    total $4,187,648 · related or exempt $2,971,168 · unrelated business $1,216,480

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

    total $2,103,155 · related or exempt $2,103,155

  • 2d · Program service revenue: OTHER MEMBER SERVICES

    total $1,139,154 · related or exempt $1,123,959 · unrelated business $15,195

  • 2e · Program service revenue: COOP ADVERTISING

    total $658,709 · related or exempt $658,709

  • 2f · All other program service revenue

    total $310,149 · related or exempt $310,149

  • 3 · Investment income

    total $103,024 · excluded $103,024

  • 7a · Gross sales of assets other than inventory

    other assets $65,156

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

    other assets $0

  • 7c · Gain or loss

    other assets $65,156

  • 7d · Net gain or loss

    total $65,156 · excluded $65,156

  • 8a · Fundraising events: gross income

    $34,962

  • 8b · Fundraising events: direct expenses

    $34,962

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $634

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $634 · related or exempt $634

  • 11a · Other revenue: MISCELLANEOUS

    total $266,352 · related or exempt $266,352

  • 11e · Other revenue, total

    $266,352

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $982,153

  • 7 · Other salaries and wages

    total $2,884,438

  • 8 · Pension plan contributions

    total $1,074,127

  • 9 · Other employee benefits

    total $639,893

  • 10 · Payroll taxes

    total $255,187

  • 11b · Fees: legal

    total $60,039

  • 11c · Fees: accounting

    total $29,011

  • 11d · Fees: lobbying

    total $208,000

  • 11g · Fees: other

    total $334,867

  • 12 · Advertising and promotion

    total $570,438

  • 13 · Office expenses

    total $507,621

  • 16 · Occupancy

    total $75,890

  • 17 · Travel

    total $464,063

  • 19 · Conferences, conventions and meetings

    total $706,099

  • 22 · Depreciation, depletion and amortization

    total $368,286

  • 23 · Insurance

    total $45,210

  • 24a · Other expenses: MAGAZINE/DIRECTORY PRIN

    total $2,420,993

  • 24b · Other expenses: POSTAGE

    total $1,784,395

  • 24c · Other expenses: OTHER PROGRAM EXPENSE

    total $1,084,062

  • 24d · Other expenses: MISCELLANEOUS

    total $22,032

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,537,368 · end of year $3,843,942

  • 4 · Accounts receivable

    beginning of year $1,197,690 · end of year $1,429,841

  • 9 · Prepaid expenses and deferred charges

    beginning of year $880,388 · end of year $805,616

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

    $5,883,305

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

    $3,504,663

  • 10c · Land, buildings and equipment, net

    beginning of year $1,573,891 · end of year $2,378,642

  • 12 · Investments: other securities

    beginning of year $450,178 · end of year $510,681

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,077,425 · end of year $2,301,535

  • 25 · Other liabilities

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

  • 27 · Net assets without donor restrictions

    beginning of year $5,850,554 · end of year $5,955,651

Mission and programs · 2024

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 2024, RURAL MISSOURI STAFF PRINTED AND MAILED 7,048,951 COPIES OF THE PUBLICATION AT A COST THAT IS BELOW THE PRICE OF A POSTAGE STAMP. STAFF PRODUCED 628 PAGES OF MATERIAL TO INFORM MEMBERS ABOUT ISSUES RELATED TO THE ELECTRIC COOPERATIVE PROGRAM. IN ADDITION, AN AVERAGE OF 205 LOCAL PAGES PER MONTH WERE PRODUCED THAT INFORMED MEMBERS ABOUT SERVICES AND EVENTS RELATED TO THEIR LOCAL SYSTEM. THE PUBLICATION ALSO SERVED AS THE OFFICIAL NOTICE OF ANNUAL MEETINGS FOR ALL PARTICIPATING MEMBER SYSTEMS.

  • THE RISK MANAGEMENT AND TRAINING DEPARTMENT PROVIDES ONSITE SAFETY MEETINGS, TRAINING SCHOOLS, CONFERENCES, TESTING SERVICES, MECIP 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 2024, 276 SAFETY MEETINGS WERE PRESENTED AND 31 TRAINING SCHOOLS AND CONFERENCES. THE TOTAL NUMBER OF COOPERATIVE EMPLOYEES THAT ATTENDED TRAINING SCHOOLS AND CONFERENCES WAS 1076. 40 MECIP AUDITS/INSPECTIONS, 10 AECI RISK ASSESSMENTS AND 8 RESAP ONSITE OBSERVATIONS WERE COMPLETED. THE TESTING PROGRAM TESTED 904 TRUCKS, 4,540 GROUNDS, 5,900 LIVE LINE TOOLS AND 10,255 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 INITIATIVES". THE ORGANIZATION ALSO RAN ADS IN DIGITAL PRINT FORM. THE PRINT ADS 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 COOPERATIVEBROADCAST AREA: RADIO IS 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, TIKTOK, 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 AGRICULTURE MAGAZINES. ALSO, ADVERTISING INCLUDED PLACEMENT OF BANNERS ON INTERNET, 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.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Loren Haines

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Kimberly Ponder

    VICE PRESIDENT

    Total calculated
    $3,708
    From this org
    $3,708
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michael Scheib

    SECRETARY/TREASURER

    Total calculated
    $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
    $0
    Hours/week
    2

  • Connie Ketsenburg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dan Singletary

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Daniel Sisco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Darrell Atchison

    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
    $6,415
    From this org
    $6,415
    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

  • Jason Marshall

    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
    $3,574
    From this org
    $3,574
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • John Hemeyer

    DIRECTOR

    Total calculated
    $3,145
    From this org
    $3,145
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • John Singleton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Keith Haynes

    DIRECTOR

    Total calculated
    $5,381
    From this org
    $5,381
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kendall Davis

    DIRECTOR

    Total calculated
    $1,383
    From this org
    $1,383
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kevin Dechant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Larry Clark

    DIRECTOR

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

  • Marvin Harding

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Patrick Oehlschlager

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Phil Jensen

    DIRECTOR

    Total calculated
    $6,652
    From this org
    $6,652
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Richard Kemp

    DIRECTOR

    Total calculated
    $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
    $4,229
    From this org
    $4,229
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Samuel Auxier

    DIRECTOR

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

  • Shera Dameron

    DIRECTOR

    Total calculated
    $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
    $639,110
    From this org
    $521,378
    From related orgs
    $0
    Other
    $117,732
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $521,378
    Bonus
    $0
    Other
    $0
    Deferred
    $89,661
    Nontaxable benefits
    $28,071
    Filer's total
    $639,110

  • Kate Boatright

    CFO/VP FINANCE

    Total calculated
    $325,409
    From this org
    $238,162
    From related orgs
    $0
    Other
    $87,247
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $238,162
    Bonus
    $0
    Other
    $0
    Deferred
    $59,375
    Nontaxable benefits
    $27,872
    Filer's total
    $325,409

  • Michael Sutherland

    VICE PRESIDENT

    Total calculated
    $286,879
    From this org
    $218,905
    From related orgs
    $0
    Other
    $67,974
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $218,905
    Bonus
    $0
    Other
    $0
    Deferred
    $46,008
    Nontaxable benefits
    $21,966
    Filer's total
    $286,879

  • Johnie Hendrix

    VP RISK MANAGMENT

    Total calculated
    $227,385
    From this org
    $162,079
    From related orgs
    $0
    Other
    $65,306
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $162,079
    Bonus
    $0
    Other
    $0
    Deferred
    $38,736
    Nontaxable benefits
    $26,570
    Filer's total
    $227,385

  • Craig Moeller

    ASST. DIRECTOR RMT

    Total calculated
    $228,290
    From this org
    $161,220
    From related orgs
    $0
    Other
    $67,070
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $161,220
    Bonus
    $0
    Other
    $0
    Deferred
    $47,714
    Nontaxable benefits
    $19,356
    Filer's total
    $228,290

  • Chris Massman

    VP MEMBER SERVICES

    Total calculated
    $178,621
    From this org
    $122,850
    From related orgs
    $0
    Other
    $55,771
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $122,850
    Bonus
    $0
    Other
    $0
    Deferred
    $36,879
    Nontaxable benefits
    $18,892
    Filer's total
    $178,621

  • Rob Gerling

    DIRECTOR TESTING DIVISION

    Total calculated
    $177,524
    From this org
    $124,968
    From related orgs
    $0
    Other
    $52,556
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $124,968
    Bonus
    $0
    Other
    $0
    Deferred
    $39,918
    Nontaxable benefits
    $12,638
    Filer's total
    $177,524

  • Bruce Stumpe

    TRAINING INSTRUCTOR/COMPLI

    Total calculated
    $169,222
    From this org
    $126,452
    From related orgs
    $0
    Other
    $42,770
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $126,452
    Bonus
    $0
    Other
    $0
    Deferred
    $30,009
    Nontaxable benefits
    $12,761
    Filer's total
    $169,222

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: $ 74,796 MATCHING CONTRIBUTION TO 401K 14,865 TOTAL REPORTED IN COLUMN C $ 89,661 KATE BOATRIGHT: INCREASE IN DEFINED BENEFIT PLAN: $ 52,119 MATCHING CONTRIBUTION TO 401K 7,256 TOTAL REPORTED IN COLUMN C $ 59,375 MICHAEL SUTHERLAND: INCREASE IN DEFINED BENEFIT PLAN: $ 43,360 MATCHING CONTRIBUTION TO 401K 2,648 TOTAL REPORTED IN COLUMN C $ 46,008 CRAIG MOELLER: INCREASE IN DEFINED BENEFIT PLAN: $ 43,262 MATCHING CONTRIBUTION TO 401K 4,452 TOTAL REPORTED IN COLUMN C $ 47,714 JOHNIE HENDRIX: INCREASE IN DEFINED BENEFIT PLAN: $ 33,994 MATCHING CONTRIBUTION TO 401K 4,742 TOTAL REPORTED IN COLUMN C $ 38,736 BRUCE STUMPE: INCREASE IN DEFINED BENEFIT PLAN: $ 26,341 MATCHING CONTRIBUTION TO 401K 3,668 TOTAL REPORTED IN COLUMN C $ 30,009 CHRIS MASSMAN: INCREASE IN DEFINED BENEFIT PLAN: $ 33,436 MATCHING CONTRIBUTION TO 401K 3,443 TOTAL REPORTED IN COLUMN C $ 36,879 ROB GERLING: INCREASE IN DEFINED BENEFIT PLAN: $ 36,193 MATCHING CONTRIBUTION TO 401K 3,725 TOTAL REPORTED IN COLUMN C $ 39,918

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
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202503119349304210

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