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Nonprofiteer
← NORTH CENTRAL MISSOURI ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by NORTH CENTRAL MISSOURI ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$20,558,542
Total expenses
$19,880,555
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,790,712
Investment income
$100,935
Other revenue
$666,895
Total assets, end of year
$44,610,906
Total liabilities, end of year
$23,287,463
Net assets or fund balances, end of year
$21,323,443
Program services expenses (Part IX)
$19,880,555
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$19,880,555

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: SALE OF ELECTRICITY

    total $19,790,712 · related or exempt $19,790,712

  • 3 · Investment income

    total $100,935 · related or exempt $100,935

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: CAPITAL CREDITS

    total $566,010 · related or exempt $566,010

  • 11b · Other revenue: OTHER INCOME

    total $100,885 · related or exempt $100,885

  • 11e · Other revenue, total

    $666,895

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $623,210 · program services $623,210

  • 20 · Interest

    total $830,751 · program services $830,751

  • 22 · Depreciation, depletion and amortization

    total $1,260,497 · program services $1,260,497

  • 24a · Other expenses: COST OF PURCHASED POWER

    total $11,456,064 · program services $11,456,064

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $3,533,037 · program services $3,533,037

  • 24c · Other expenses: CUSTOMER SERVICE & ACCTS

    total $560,094 · program services $560,094

  • 24d · Other expenses: ADMINISTRATION EXPENSE

    total $999,613 · program services $999,613

  • 24e · All other expenses

    total $617,289 · program services $617,289

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $90,391 · end of year $284,627

  • 2 · Savings and temporary cash investments

    beginning of year $1,022,756 · end of year $1,948,711

  • 4 · Accounts receivable

    beginning of year $910,703 · end of year $1,006,484

  • 8 · Inventories for sale or use

    beginning of year $786,887 · end of year $674,741

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,611 · end of year $29,359

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

    $27,719,769

  • 10c · Land, buildings and equipment, net

    beginning of year $26,722,842 · end of year $27,719,769

  • 15 · Other assets

    beginning of year $14,360,423 · end of year $12,947,215

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,571,685 · end of year $1,090,999

  • 23 · Secured mortgages and notes payable

    beginning of year $21,576,502 · end of year $22,127,644

  • 25 · Other liabilities

    beginning of year $69,820 · end of year $68,820

  • 31 · Retained earnings, endowment or other funds

    beginning of year $20,701,606 · end of year $21,323,443

Mission and programs · 2024

Mission

To generate, manufacture, purchase, acquire and accumulate electric energy for its shareholders and to transmit, distribute, furnish, sell and dispose of such electric energy to its shareholders only.

  • Generate, manufacture, purchase, acquire and accumulate electric energy for its shareholders and to transmit, distribute, furnish, sell and dispose of such electric energy to its shareholders only.

    Expenses $19,257,345

  • PATRONAGE DIVIDENDS ALLOCATED TO MEMBERS

    Expenses $623,210

As filed on the 2024 return.

Listed in Part VII

  • Loren Haines

    MANAGER AND CEO

    Total calculated
    $303,905
    From this org
    $303,905
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $228,628
    Bonus
    not reported
    Other
    $75,277
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $303,905

  • Brent Gardner

    OPERATIONS MANAGER

    Total calculated
    $163,960
    From this org
    $163,960
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $105,887
    Bonus
    not reported
    Other
    $58,073
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $163,960

  • Patti Pipes

    MGR FINANCE AND ADMIN

    Total calculated
    $163,512
    From this org
    $163,512
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,298
    Bonus
    not reported
    Other
    $55,214
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $163,512

  • James Rhoades

    DIRECTOR

    Total calculated
    $32,670
    From this org
    $32,670
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Roger Casady

    TREASURER

    Total calculated
    $25,849
    From this org
    $25,849
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Rick Bennett

    DIRECTOR

    Total calculated
    $24,949
    From this org
    $24,949
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Neil Guyer

    SECRETARY

    Total calculated
    $24,049
    From this org
    $24,049
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Randall Griswold

    DIRECTOR

    Total calculated
    $24,041
    From this org
    $24,041
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Larry Stephenson

    VICE PRESIDENT

    Total calculated
    $24,033
    From this org
    $24,033
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Lowell Tucker

    DIRECTOR

    Total calculated
    $14,690
    From this org
    $14,690
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Melvin Scott

    PRESIDENT

    Total calculated
    $5,049
    From this org
    $5,049
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Ronald Phillips

    DIRECTOR

    Total calculated
    $3,649
    From this org
    $3,649
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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
2024
Filed
21 April 2025
IRS schema version
2024v5.1
Source object
202501339349303540

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