Pemiscot-Dunklin Electric Cooperative
- Assets
- $98.8m
- Revenue
- $21.6m
- Investments
- $0.0
- Employees
- 48
- Location
- Hayti, MO
- Founding
- 10/1940
- Data as of
- 12/2021
- EIN
- 43-0452625
Organization Overview
Pemiscot-Dunklin Electric Cooperative is located in Hayti, MO. The organization was established in 1940. 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, Pemiscot-Dunklin Electric Cooperative employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pemiscot-Dunklin 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, Pemiscot-Dunklin Electric Cooperative generated $21.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $21.6m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 6 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
DISTRIBUTION OF ELECTRIC SERVICES TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE PROVIDES ELECTRICAL SERVICES TO AN AVERAGE OF 8,621 RESIDENTAIL, FARM, AND BUSINESS CONSUMERS IN THE PEMISCOT, DUNKLIN, AND NEW MADRID COUNTIES IN SOUTHEAST MISSOURI.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Vaughn CEO | Officer | 40 | $136,854 |
Jack Davis Fiber Gm | 40 | $124,068 | |
Ethan White Lineman | 40 | $114,919 | |
Jonathon Percifull Lineman | 40 | $113,670 | |
Joshua Cunningham Service Fore | 40 | $113,670 | |
John Jackson Line Foreman | 40 | $113,615 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Williams Tree Service Tree Service | 12/30/21 | $488,200 |
Coastal Bay Inc Utility Constr | 12/30/21 | $3,035,212 |
Systems Services Broadband Nework Constr | 12/30/21 | $273,135 |
Croft Electrical Contractors Utility Constr | 12/30/21 | $461,747 |
Conexon Llc Consulting | 12/30/21 | $428,637 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $872,247 |
| 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 | $872,247 |
| Total Program Service Revenue | $20,135,005 |
| Investment income | $35,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,725,111 |
| Net Gain/Loss on Asset Sales | $18,002 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,619,258 |
| 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 | $1,590,761 |
| Compensation of current officers, directors, key employees. | $548,986 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $793,964 |
| 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 | $2,164,637 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,149,781 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $21,619,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,725,839 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,514,599 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,794,517 |
| Prepaid expenses and deferred charges | $195,118 |
| Net Land, buildings, and equipment | $77,189,827 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $7,424,508 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $98,844,408 |
| Accounts payable and accrued expenses | $4,745,244 |
| 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 | $54,401,564 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $635,594 |
| Total liabilities | $59,782,402 |
| 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 | $39,062,006 |
| Total liabilities and net assets/fund balances | $98,844,408 |
Peer Organizations
| 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 |