Lewis County Rural Electric Cooperative Association is located in Lewistown, MO. The organization was established in 1937. 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 12/2021, Lewis County Rural Electric Cooperative Association employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lewis County Rural Electric Cooperative Association 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 12/2021, Lewis County Rural Electric Cooperative Association generated $16.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $16.1m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
"TO PROVIDE RELIABLE ENERGY AND RELATED SERVICES TO OUR MEMBERS AT THE LOWEST COST."
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE'S SERVICE CONSISTS OF 2,487 MILES OF ENERGIZED LINE SERVICING APPROXIMATELY 7,300 METERS. THE SERVICE AREA COVERS PART OF 7 COUNTIES: LEWIS, CLARK, KNOX, ADAIR, SHELBY, SCOTLAND, AND MARION AND THE TOWNS OF NOVELTY, ARBELA, GRANGER, DURHAM, MAYWOOD, MONTICELLO, AND MEDILL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rustyn Carter Lineman | 45 | $108,502 | |
Kendall Hawkins Operations M | 45 | $107,854 | |
Ryan Booher Lineman | 45 | $103,341 | |
Joseph Lay Lineman | 45 | $102,828 | |
Thomas Dudley Area Lineman | 45 | $101,559 | |
Theresa Simmons Manager Of F | Officer | 45 | $98,040 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Scobee Powerline Construction Llc Line Work | 12/30/21 | $1,450,065 |
T & T Tree Service Brush Control | 12/30/21 | $518,516 |
Toth & Associates Engineering Svc | 12/30/21 | $137,910 |
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 | $16,052,244 |
Investment income | $52,776 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $4,770 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $16,122,435 |
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 | $1,296,957 |
Compensation of current officers, directors, key employees. | $371,315 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $749,519 |
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 | $1,101,532 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,586,150 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $16,122,435 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,825,721 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,376,414 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $168,917 |
Prepaid expenses and deferred charges | $62,735 |
Net Land, buildings, and equipment | $43,628,970 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $7,737,368 |
Intangible assets | $0 |
Other assets | $64,727 |
Total assets | $54,864,852 |
Accounts payable and accrued expenses | $1,043,622 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $33,736,177 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $634,126 |
Total liabilities | $35,413,925 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | -$108,323 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $19,559,250 |
Total liabilities and net assets/fund balances | $54,864,852 |
Organization Name | Assets | Revenue |
---|---|---|
Black River Electric Cooperative Fredericktown, MO | $138,131,330 | $49,558,459 |
Shelby Energy Cooperative Inc Shelbyville, KY | $128,023,912 | $48,869,118 |
Tri-County Electric Cooperative Mount Vernon, IL | $133,948,921 | $48,522,537 |
Cumberland Valley Electric Co-Op Corp Gray, KY | $124,042,321 | $47,250,559 |
Rural Electric Co Op Inc Lindsay, OK | $94,050,768 | $47,989,459 |
Kiamichi Electric Cooperative Inc Wilburton, OK | $118,158,279 | $46,432,215 |
Pickwick Electric Cooperative Selmer, TN | $93,706,292 | $47,229,186 |
New Mac Electric Cooperative Inc Neosho, MO | $135,294,797 | $45,962,047 |
C & L Electric Cooperative Corporation Star City, AR | $139,600,891 | $49,154,793 |
Three Rivers Electric Cooperative Linn, MO | $111,680,117 | $44,711,641 |
Western Cooperative Electric Association Inc Wakeeney, KS | $116,000,475 | $44,441,643 |
Tennessee Valley Electric Cooperative Savannah, TN | $70,169,300 | $47,105,536 |