M & A Electric Power Cooperative
- Assets
- $235.1m
- Revenue
- $33.1m
- Investments
- $0.0
- Employees
- 52
- Location
- Poplar Bluff, MO
- Founding
- 09/1977
- Data as of
- 12/2023
- EIN
- 43-0641433
Organization Overview
M & A Electric Power Cooperative is located in Poplar Bluff, MO. The organization was established in 1977. 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, M & A Electric Power Cooperative employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M & A 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, M & A Electric Power Cooperative generated $33.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $23.7m during the year ending 12/2023. While expenses have increased by 4.0% 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 PROVIDE ELECTRIC POWER
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSMISSION & DISTRIBUTION OF ELECTRIC POWER TO AFFILICATED RUS CORPORATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Cook President | Trustee | 1 | $10,833 |
John Bledsoe Vice President | Trustee | 1 | $17,783 |
Charlie Bunting Secretary | Trustee | 1 | $23,100 |
Billy Jones Treasurer | Trustee | 1 | $15,734 |
Carl Eftink Member | Trustee | 1 | $15,400 |
Jordan Collins Member | Trustee | 1 | $17,834 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bbc Electric Construction | 12/30/23 | $7,070,664 |
Allgeier Martin & Associates Inc Engineering | 12/30/23 | $3,726,602 |
Hr Quadri Contractors Llc Construction | 12/30/23 | $962,939 |
Exel Helicopters Row Clearing | 12/30/23 | $1,344,540 |
Re-con Co Inc Construction | 12/30/23 | $332,755 |
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 | $0 |
| Investment income | $7,806,155 |
| 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 | $24,530,513 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,072,552 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $1,324,115 |
| Compensation of current officers, directors, key employees. | $1,324,115 |
| Compensation to disqualified persons | $1,241,449 |
| 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 | $3,368,715 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,465,383 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $23,715,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,936 |
| Savings and temporary cash investments | $1,850,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,403,607 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $49,531 |
| Inventories for sale or use | $4,171,929 |
| Prepaid expenses and deferred charges | $397,032 |
| Net Land, buildings, and equipment | $139,498,874 |
| Investments—publicly traded securities | $76,151,425 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,301,453 |
| Total assets | $235,078,787 |
| Accounts payable and accrued expenses | $9,330,261 |
| Grants payable | $0 |
| Deferred revenue | $1,000,000 |
| 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 | $114,162,129 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,731,730 |
| Total liabilities | $128,224,120 |
| 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 | $400 |
| Retained earnings, endowment, accumulated income, or other funds | $106,854,267 |
| Total liabilities and net assets/fund balances | $235,078,787 |