Northeast Missouri Electric Power Cooperative
- Assets
- $199.3m
- Revenue
- $99.8m
- Investments
- $0.0
- Employees
- 85
- Location
- Palmyra, MO
- Founding
- 05/1951
- Data as of
- 12/2023
- EIN
- 43-0635689
Organization Overview
Northeast Missouri Electric Power Cooperative is located in Palmyra, MO. The organization was established in 1951. 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 12/2023, Northeast Missouri Electric Power Cooperative employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Missouri Electric Power 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 12/2023, Northeast Missouri Electric Power Cooperative generated $99.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $96.8m during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO POWER OUR MEMBERS WITH SAFE, RELIABLE, AFFORDABLE ELECTRICITY AND VALUE-ADDED SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELECTRIC POWER COOPERATIVE - WHOLESALE ELECTRIC ENERGY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas H Aeilts CEO & General Manager | Officer | 55 | $483,161 |
Skyler Wiegmann Chief Operating Officer | Officer | 57 | $198,170 |
Robert A Gray Chief Financial Officer | Officer | 50 | $197,642 |
Landon Zaborowski Information Services & Tec | Officer | 47 | $188,851 |
Joseph Lemen Safety & Compliance Manage | Officer | 44 | $168,949 |
Michael Jeffries Transmission Manager | 53 | $145,732 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allgeier Martin & Assoc Engineering Services | 12/30/23 | $1,950,045 |
Burns & Mcdonnell Engineering Co Inc Engineering Services | 12/30/23 | $1,651,173 |
Stanley Consultants Engineering Services | 12/30/23 | $437,046 |
Hooper Corporation Contractor Service | 12/30/23 | $1,074,069 |
Capital Electric Line Builders Contractor Service | 12/30/23 | $301,519 |
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 | $99,459,523 |
| Investment income | $299,818 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,511 |
| 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 | $99,763,852 |
| 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 | $2,747,148 |
| Compensation of current officers, directors, key employees. | $1,134,045 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $3,015,561 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,886,575 |
| Insurance | $0 |
| All other expenses | $5,233,736 |
| Total functional expenses | $96,816,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,555,111 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,041,716 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,034,042 |
| Prepaid expenses and deferred charges | $349,982 |
| Net Land, buildings, and equipment | $111,582,109 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $60,291,855 |
| Intangible assets | $0 |
| Other assets | $1,425,416 |
| Total assets | $199,280,231 |
| Accounts payable and accrued expenses | $12,340,678 |
| Grants payable | $0 |
| Deferred revenue | $622,983 |
| 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 | $82,608,428 |
| Unsecured mortgages and notes payable | $26,115,433 |
| Other liabilities | $2,684,752 |
| Total liabilities | $124,372,274 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $900 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $74,907,057 |
| Total liabilities and net assets/fund balances | $199,280,231 |