Missouri Rural Electric Cooperative

Organization Overview

Missouri Rural Electric Cooperative is located in Palmyra, MO. The organization was established in 1950. 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, Missouri Rural Electric Cooperative employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missouri Rural 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 12/2021, Missouri Rural Electric Cooperative generated $19.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $19.6m during the year ending 12/2021. While expenses have increased by 2.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE PRIMARY EXEMPT PURPOSE OF THE COOPERATIVE IS TO PROVIDE ELECTRIC SERVICE TO ITS APPROXIMATELY 4,000 MEMBERS REPRESENTING 5,462 METERS IN FIVE COUNTIES IN NORTHEAST MISSOURI.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COOPERATIVE PROVIDES ELECTRICITY TO ITS APPROXIMATELY 4,000 MEMBER-OWNERS THROUGH ITS DISTRIBUTION SYSTEM.


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Board, Officers & Key Employees

Name (title)Compensation
Matthew Hudson
General Manager
$159,142
Kayla Klauser
Manager Of Finance And Accoun
$88,281
Gerald Schoenborn
Secretary
$10,150
Joseph Swisher
Vice President
$6,750
Butch Pennewell
Director
$6,750
Robert Hall
Director
$6,750

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Townsend Tree Service
Tree Service
$345,632
Kiowa Line Builders Inc
Contractor
$156,042
Arkansas Electric Cooperative
Material Supplier
$509,794
View All Vendors

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$18,669,421
Investment income $21,939
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $19,573,881

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