Skip to content
Nonprofiteer
← MISSOURI RURAL ELECTRIC COOPERATIVE

Form 990 for tax year 2023

Filed by MISSOURI RURAL ELECTRIC COOPERATIVE.

Totals

Total revenue
$20,931,899
Total expenses
$20,604,528
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,644,782
Investment income
$53,426
Other revenue
$1,233,691
Total assets, end of year
$41,278,014
Total liabilities, end of year
$20,489,714
Net assets or fund balances, end of year
$20,788,300
Program services expenses (Part IX)
$20,604,528
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$20,604,528

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 $19,554,679 · related or exempt $19,554,679

  • 2b · Program service revenue: OTHER ELECTRIC REVENUE

    total $90,103 · related or exempt $90,103

  • 3 · Investment income

    total $53,426 · related or exempt $53,426

  • 11a · Other revenue: OTHER REVENUE

    total $46,570 · related or exempt $46,570

  • 11b · Other revenue: PATRONAGE CAPITAL CREDI

    total $1,187,121 · related or exempt $1,187,121

  • 11e · Other revenue, total

    $1,233,691

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $885,707 · program services $885,707

  • 20 · Interest

    total $706,142 · program services $706,142

  • 22 · Depreciation, depletion and amortization

    total $1,070,672 · program services $1,070,672

  • 24a · Other expenses: COST OF POWER

    total $13,590,263 · program services $13,590,263

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $2,369,984 · program services $2,369,984

  • 24c · Other expenses: CUSTOMER ACCOUNTS EXPENSE

    total $512,482 · program services $512,482

  • 24d · Other expenses: GENERAL AND ADMIN EXPENSE

    total $1,469,278 · program services $1,469,278

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $794,994 · end of year $950,325

  • 4 · Accounts receivable

    beginning of year $1,695,742 · end of year $1,750,317

  • 8 · Inventories for sale or use

    beginning of year $932,005 · end of year $783,127

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,705 · end of year $63,172

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

    $37,814,417

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

    $12,162,967

  • 10c · Land, buildings and equipment, net

    beginning of year $24,091,772 · end of year $25,651,450

  • 15 · Other assets

    beginning of year $11,416,055 · end of year $12,079,623

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,668,543 · end of year $1,739,824

  • 23 · Secured mortgages and notes payable

    beginning of year $16,342,057 · end of year $18,234,908

  • 25 · Other liabilities

    beginning of year $544,806 · end of year $514,982

  • 29 · Capital stock, trust principal or current funds

    beginning of year $98,840 · end of year $100,030

  • 31 · Retained earnings, endowment or other funds

    beginning of year $20,290,027 · end of year $20,688,270

Mission and programs · 2023

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 $20,604,528

As filed on the 2023 return.

Listed in Part VII

  • Matthew Hudson

    GENERAL MANAGER

    Total calculated
    $237,121
    From this org
    $174,437
    From related orgs
    $0
    Other
    $62,684
    Hours/week
    44.97

    Schedule J breakdown matched by us

    Base
    $174,437
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $62,684
    Filer's total
    $237,121

  • Benjamin Martin

    OPERATIONS MANAGER

    Total calculated
    $171,870
    From this org
    $101,274
    From related orgs
    $0
    Other
    $70,596
    Hours/week
    42.79

    Schedule J breakdown matched by us

    Base
    $101,274
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $70,596
    Filer's total
    $171,870

  • Andrew Barnett

    FOREMAN LINEMAN

    Total calculated
    $157,236
    From this org
    $107,119
    From related orgs
    $0
    Other
    $50,117
    Hours/week
    44.26

    Schedule J breakdown matched by us

    Base
    $107,119
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $50,117
    Filer's total
    $157,236

  • Kyle Schneider

    FOREMAN LINEMAN

    Total calculated
    $145,463
    From this org
    $105,388
    From related orgs
    $0
    Other
    $40,075
    Hours/week
    44.25

  • Andy Augspurg

    LEAD LINEMAN

    Total calculated
    $143,479
    From this org
    $102,569
    From related orgs
    $0
    Other
    $40,910
    Hours/week
    43.39

  • Andy Hudson

    JOURNEYMAN LINEMAN

    Total calculated
    $142,089
    From this org
    $101,641
    From related orgs
    $0
    Other
    $40,448
    Hours/week
    44.07

  • Kayla Klauser

    MANAGER OF FINANCE AND ACCOUN

    Total calculated
    $130,743
    From this org
    $94,219
    From related orgs
    $0
    Other
    $36,524
    Hours/week
    40.78

  • Ross Frankenbach

    DIRECTOR

    Total calculated
    $14,350
    From this org
    $14,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.18

  • Greg R Straus

    DIRECTOR

    Total calculated
    $10,500
    From this org
    $10,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.71

  • Robert Hall

    DIRECTOR

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.46

  • Ollie L Pennewell

    DIRECTOR

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.28

  • Shondell Haerr

    PRESIDENT

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.19

  • Joseph Swisher

    VICE PRESIDENT

    Total calculated
    $7,000
    From this org
    $7,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.1

  • Trent Gottman

    SECRETARY

    Total calculated
    $5,950
    From this org
    $5,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.15

  • Dick Disselhorst

    TREASURER

    Total calculated
    $5,600
    From this org
    $5,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.88

  • Gerald Schoenborn

    DIRECTOR

    Total calculated
    $4,900
    From this org
    $4,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.76

  • Cole Sutter

    DIRECTOR

    Total calculated
    $3,150
    From this org
    $3,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.81

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 · Approval by the board or compensation committee

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
2023
Filed
20 May 2024
IRS schema version
2023v5.0
Source object
202411419349300641

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.