Intercounty Electric Cooperative Association
- Assets
- $166.8m
- Revenue
- $60.0m
- Investments
- $19.1m
- Employees
- 128
- Location
- Licking, MO
- Founding
- 05/1945
- Data as of
- 12/2021
- EIN
- 44-0296100
Organization Overview
Intercounty Electric Cooperative Association is located in Licking, MO. The organization was established in 1945. 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, Intercounty Electric Cooperative Association employed 128 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Intercounty Electric Cooperative Association 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, Intercounty Electric Cooperative Association generated $60.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $57.6m during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 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
SALE OF ELECTRICITY TO MEMBERS OF THE COOPERATIVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DEPENDABLE ELECTRIC SERVICE TO APPROXIMATELY 24,000 RESIDENTIAL, FARM, AND COMMERCIAL MEMBERS IN ALL OR PART OF DENT, PHELPS, TEXAS, CRAWFORD, GASCONADE, LACLEDE, MARIES, PULASKI, SHANNON, AND WRIGHT COUNTIES, AS WELL AS PROVIDE EDUCATION RELATED TO ELECTRICAL SAFETY AND ENERGY EFFICIENCIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles D Lane CEO | Officer | 40 | $198,350 |
Brian Nelson Director Of Engineering | 40 | $139,215 | |
Charles Hicks Director Of Operations | 40 | $120,693 | |
Larry Rinehart Construction Foreman | 46 | $116,771 | |
Brandon Schmitt Bucket Truck Operator | 50 | $114,470 | |
Sarah Akers Director Of Finance And Ac | 40 | $112,241 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arkansas Electric Cooperative Row Trimming/inventory Purchases | 12/30/21 | $2,201,518 |
Asplundh Row Trimming | 12/30/21 | $1,440,651 |
Williams Construction Building Contractor | 12/30/21 | $874,979 |
National Information Solutions Cooperati Software And Mailing Services | 12/30/21 | $507,999 |
Townsend Row Trimming | 12/30/21 | $462,521 |
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 | $58,582,585 |
| Investment income | $160,777 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $174,697 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,982,496 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $500 |
| 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. | $864,478 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,614,763 |
| Pension plan accruals and contributions | $3,361,273 |
| Other employee benefits | $2,603,481 |
| Payroll taxes | $696,348 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $103,270 |
| Fees for services: Accounting | $52,686 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,681 |
| Advertising and promotion | $280,023 |
| Office expenses | $616,499 |
| Information technology | $79,821 |
| Royalties | $0 |
| Occupancy | $104,001 |
| Travel | $40,451 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,107 |
| Interest | $1,552,524 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,045,884 |
| Insurance | $0 |
| All other expenses | $243,403 |
| Total functional expenses | $57,588,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,204,351 |
| Savings and temporary cash investments | $238 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,679,990 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $147,053 |
| Inventories for sale or use | $2,029,434 |
| Prepaid expenses and deferred charges | $2,377,925 |
| Net Land, buildings, and equipment | $129,906,707 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,117,358 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,308,705 |
| Total assets | $166,771,761 |
| Accounts payable and accrued expenses | $8,493,450 |
| Grants payable | $0 |
| Deferred revenue | $2,576,199 |
| 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 | $51,237,273 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $46,445,723 |
| Total liabilities | $108,752,645 |
| 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 | $58,019,116 |
| Total liabilities and net assets/fund balances | $166,771,761 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Upper Cumberland Electric Membership Corporation Carthage, TN | $208,911,918 | $121,895,944 |
Meriwether Lewis Electric Cooperative Centerville, TN | $179,486,251 | $119,621,039 |
Salt River Electric Bardstown, KY | $187,060,575 | $114,408,015 |
Southwest Tennessee Electric Membership Corp Brownsville, TN | $219,052,657 | $121,626,016 |
Appalachian Electric Cooperative New Market, TN | $242,163,198 | $119,028,278 |
Jackson Energy Cooperative Corporat Ion Inc Mckee, KY | $284,949,026 | $109,799,636 |
N W Electric Power Cooperative Inc Cameron, MO | $276,321,789 | $107,924,696 |
Tri-County Electric Cooperative Inc Hooker, OK | $321,398,945 | $100,998,279 |
Gibson Electric Membership Corp Trenton, TN | $199,281,246 | $104,510,085 |
Holston Electric Cooperative Inc Rogersville, TN | $140,432,181 | $97,958,544 |
Northwest Iowa Power Cooperative Le Mars, IA | $209,144,882 | $97,805,529 |
Sequachee Valley Electric Cooperative South Pittsburg, TN | $165,775,520 | $105,669,415 |