Black River Electric Cooperative
- Assets
- $155.9m
- Revenue
- $51.5m
- Investments
- $0.0
- Employees
- 98
- Location
- Fredericktown, MO
- Founding
- 03/1939
- Data as of
- 12/2022
- EIN
- 43-0184419
Organization Overview
Black River Electric Cooperative is located in Fredericktown, MO. The organization was established in 1939. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Black River Electric Cooperative employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black River Electric Cooperative is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, Black River Electric Cooperative generated $51.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $51.5m during the year ending 12/2022. While expenses have increased by 14.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELECTRIC POWER
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF ELECTRICAL POWER TO CONSUMERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John H Singleton CEO | Officer | 60 | $182,883 |
Donald E England Mgr Of Const | 50 | $141,878 | |
Paul I Montgomery Mgr Engineer | 60 | $156,805 | |
John C Eaves CFO | Officer | 60 | $143,472 |
Korey M King District Man | 50 | $122,735 | |
Thomas Mooney Secretary | Trustee | 15 | $40,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Townsend Tree Service Inc Row Contractor | 12/30/22 | $3,096,284 |
Arkansas Electric Cooperatives Utility Svs/mat | 12/30/22 | $1,706,267 |
Pike Electric Inc Construction | 12/30/22 | $1,355,607 |
Sargent Construction Company Construction Re | 12/30/22 | $5,025,462 |
Altec Industries Trk Repair & Eq | 12/30/22 | $958,437 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $50,848,395 |
| Investment income | $70,029 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $147,871 |
| Net Gain/Loss on Asset Sales | $432,525 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,524,742 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,116,207 |
| Compensation of current officers, directors, key employees. | $825,684 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $756,439 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,360,210 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,723,270 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $51,524,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,158,285 |
| Savings and temporary cash investments | $8,948,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,962,078 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,190,305 |
| Prepaid expenses and deferred charges | $326,747 |
| Net Land, buildings, and equipment | $104,720,429 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $32,643,789 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $155,949,633 |
| Accounts payable and accrued expenses | $14,528,806 |
| Grants payable | $0 |
| Deferred revenue | $1,500,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $60,415,864 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $749,279 |
| Total liabilities | $77,193,949 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $78,755,684 |
| Total liabilities and net assets/fund balances | $155,949,633 |