Semo Electric Cooperative

Organization Overview

Semo Electric Cooperative is located in Sikeston, MO. The organization was established in 1941. 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 12/2020, Semo Electric Cooperative employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Semo 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 12/2020, Semo Electric Cooperative generated $43.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $43.8m during the year ending 12/2020. While expenses have increased by 4.5% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO MAKE PEOPLE'S LIVES BETTER BY PROVIDING SAFE, RELIABLE, LOW-COST ELECTRICITY, AND FIBER-FAST INTERNET, TV AND PHONE. THE COOPERATIVE CURRENTLY EMPLOYS SIXTY-TWO EMPLOYEES AND GIVES BACK TO THE LOCAL COMMUNITY BY PAYING NEARLY NINE HUNDRED THOUSAND DOLLARS IN ELECTRIC AND FIBER PROPERTY TAXES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WE PROVIDE ELECTRICITY TO OVER 16,000 HOMES, FARMS, AND BUSINESSES. THE CO-OP OPERATES ON A SLIM MARGIN AS POWER COSTS ARE BETWEEN 50% TO 60% OF OVERALL BUDGET.


IN 2017, THE CO-OP STARTED ITS FIBER-TO-THE-HOME PROJECT. THE FIRST INSTALL OCCURRED IN MARCH 2018. MEMBERS ARE EXCITED ABOUT THE SERVICES. AS OF JULY 15, 2019, THERE WERE 2,000 SUBSCRIBERS. AS OF FEBRUARY 5, 2021, THERE WERE 5,494 CONNECTED SUBSCRIBERS. THE ORIGINAL BUILDOUT IS SCHEDULED TO BE COMPLETED IN OUR TERRITORY IN 2021.


THE COOPERATIVE INVESTS NEARLY TWO MILLION DOLLARS IN 2020 TO TRIM TREES TO ENHANCE RELIABILITY. THE CO-OP HAS MORE THAN 2,600 MILES TO PROTECT. THE LINES NEED TRIMMED EVERY FOUR TO SIX YEARS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ervin Cable Construction Llc
Fiber Construction
$7,525,578
Pike Electric Inc
Utility/fiber Construction
$1,790,282
Co-mo Comm Inc
Gosemo Tv Provider
$1,526,980
Townsend Tree Service Inc
Right-of-way Clearing
$1,911,604
Highland Cabling Llc
Fiber Construction/fiber Home Installs/d
$2,733,391
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,283,300
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$1,283,300
Total Program Service Revenue$42,203,903
Investment income $49,825
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$10,700
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $4,655
Miscellaneous Revenue$0
Total Revenue $43,598,236

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