Osage Valley Electric Cooperative Association
- Assets
- $144.3m
- Revenue
- $41.9m
- Investments
- $0.0
- Employees
- 53
- Location
- Butler, MO
- Founding
- 10/1942
- Data as of
- 12/2022
- EIN
- 44-0378635
Organization Overview
Osage Valley Electric Cooperative Association is located in Butler, MO. The organization was established in 1942. 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, Osage Valley Electric Cooperative Association employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Osage Valley 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 12/2022, Osage Valley Electric Cooperative Association generated $41.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $41.9m during the year ending 12/2022. While expenses have increased by 3.7% per year over the past 8 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
TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALES OF ELECTRIC ENERGY TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 17,473 ACTIVE SERVICES AT YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chelle Black Secretary/treasurer | OfficerTrustee | 8 | $26,227 |
Darrell Dains Director | Trustee | 8 | $21,503 |
Ronald Steuck President | OfficerTrustee | 15 | $29,445 |
David Rapp 2nd Vice President | OfficerTrustee | 8 | $15,275 |
Gerald Stephan 1st Vice President | OfficerTrustee | 8 | $27,545 |
Pd Kircher Director | Trustee | 8 | $28,541 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ervin Cable Construction Llc Fiber Construction | 12/30/22 | $9,505,094 |
Mdr Construction Inc Make Ready Construction | 12/30/22 | $4,877,359 |
Conexon Llc Fiber Project Management/design/splicing | 12/30/22 | $3,261,914 |
Asplundh Tree Expert Co Inc Row Clearing | 12/30/22 | $3,460,997 |
Benton Technical Services Inc Fiber Drop Contractor | 12/30/22 | $1,040,434 |
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 | $40,596,806 |
| Investment income | $55,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $194,785 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,589 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,931,566 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,765 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,912,968 |
| Compensation of current officers, directors, key employees. | $891,978 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,948,759 |
| Pension plan accruals and contributions | $529,098 |
| Other employee benefits | $739,401 |
| Payroll taxes | $213,086 |
| 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 | $2,632,399 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,249,985 |
| Insurance | $0 |
| All other expenses | $484,954 |
| Total functional expenses | $41,931,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,281,691 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,391,608 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,438,459 |
| Prepaid expenses and deferred charges | $177,440 |
| Net Land, buildings, and equipment | $106,591,901 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $20,547,486 |
| Intangible assets | $0 |
| Other assets | $839,772 |
| Total assets | $144,268,357 |
| Accounts payable and accrued expenses | $7,613,596 |
| 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 | $84,362,457 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,854,984 |
| Total liabilities | $93,831,037 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $269,750 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $50,167,570 |
| Total liabilities and net assets/fund balances | $144,268,357 |