Pemiscot-Dunklin Electric Cooperative
- Assets
- $99.8m
- Revenue
- $22.0m
- Investments
- $0.0
- Employees
- 44
- Location
- Hayti, MO
- Founding
- 10/1940
- Data as of
- 12/2022
- 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 12/2022, Pemiscot-Dunklin Electric Cooperative employed 44 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 12/2022, Pemiscot-Dunklin Electric Cooperative generated $22.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $22.0m during the year ending 12/2022. While expenses have increased by 4.2% per year over the past 4 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
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Vaughn CEO | Officer | 40 | $144,206 |
Jack Davis Fiber Gm | 40 | $134,143 | |
Rusty Moore Line Supervi | 40 | $111,848 | |
Joshua Cunningham Service Fore | 40 | $112,770 | |
Rex Mcelwrath Lineman | 40 | $108,196 | |
Jonathon Percifull Lineman | 40 | $109,045 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Coastal Bay Inc Utility Constr | 12/30/21 | $3,035,212 |
Williams Tree Service Tree Service | 12/30/21 | $488,200 |
Conexon Llc Consulting | 12/30/21 | $428,637 |
Systems Services Broadband Nework Constr | 12/30/21 | $273,135 |
Croft Electrical Contractors Utility Constr | 12/30/21 | $461,747 |
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 | $20,739,846 |
| Investment income | $33,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,996,809 |
| 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 | $22,032,843 |
| 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 | $1,380,189 |
| Compensation of current officers, directors, key employees. | $595,593 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $856,968 |
| 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 | $2,262,884 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,195,262 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $22,032,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $853,475 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,693,678 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,242,948 |
| Prepaid expenses and deferred charges | $126,478 |
| Net Land, buildings, and equipment | $80,119,910 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,793,617 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $99,830,106 |
| Accounts payable and accrued expenses | $3,676,949 |
| 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 | $55,292,602 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $418,360 |
| Total liabilities | $59,387,911 |
| 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 | $40,442,195 |
| Total liabilities and net assets/fund balances | $99,830,106 |