Barry Electric Cooperative Inc
- Assets
- $107.0m
- Revenue
- $22.1m
- Investments
- $0.0
- Employees
- 46
- Location
- Cassville, MO
- Founding
- 04/1954
- Data as of
- 12/2021
- EIN
- 44-0520846
Organization Overview
Barry Electric Cooperative Inc is located in Cassville, MO. The organization was established in 1954. 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, Barry Electric Cooperative Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barry Electric Cooperative Inc 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, Barry Electric Cooperative Inc generated $22.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $22.5m during the year ending 12/2021. While expenses have increased by 3.5% 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
BARRY ELECTRIC WAS FORMED TO PROVIDE ELECTRIC SERVICE TO COOPERATIVE MEMBERS WHERE IT WAS NOT PROFITABLE ENOUGH FOR INVESTOR OWNED UTILITIES TO PROVIDE SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BARRY ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICE TO APPROXIMATELY 9,700 MEMBERS WITHIN APPROXIMATELY 1,091 MILES. BARRY ELECTRIC SERVES PORTIONS OF THE SOUTHERN HALF OF BARRY COUNTY AS WELL AS A FEW MEMBERS IN MCDONALD COUNTY INCLUDING THE TOWNS OF CASSVILLE, EXETER, JENKINS, SELIGMAN, WASHBURN, WHEATON AND THE SURROUNDING RURAL AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Mcbroom Executive Vice President | Officer | 40 | $140,614 |
Brian Robbins Lineman | 50 | $109,455 | |
William Woods Lineman | 50 | $103,993 | |
Timothy Thompson Lineman | 50 | $103,871 | |
Kevin Holloway Operations Manager | 50 | $103,105 | |
Heyley Hudson Chief Financial Officer | Officer | 40 | $35,438 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Asplundh Tree Expert Llc Row Clearing | 12/30/21 | $1,287,372 |
Kiowa Line Builders Inc Line Construction | 12/30/21 | $566,371 |
Trans-tel Central Llc Fiber Construction | 12/30/21 | $844,234 |
Power Line Consultants Llc Line Construction | 12/30/21 | $812,612 |
Kenny Singer Construction Row Clearing | 12/30/21 | $318,208 |
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 | $20,992,355 |
| Investment income | $709,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$180,505 |
| Net Gain/Loss on Asset Sales | -$17,406 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,864 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,131,992 |
| 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 | $2,344,985 |
| Compensation of current officers, directors, key employees. | $230,010 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,394,117 |
| Pension plan accruals and contributions | $323,492 |
| Other employee benefits | $379,079 |
| Payroll taxes | $122,996 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45,350 |
| Fees for services: Accounting | $80,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,621 |
| Advertising and promotion | $54,076 |
| Office expenses | $149,413 |
| Information technology | $28,994 |
| 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 | $13,272 |
| Interest | $1,966,570 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,217,078 |
| Insurance | $23,904 |
| All other expenses | $30,631 |
| Total functional expenses | $22,500,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $697,627 |
| Savings and temporary cash investments | $4,702,096 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,362,766 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,287,215 |
| Inventories for sale or use | $2,166,902 |
| Prepaid expenses and deferred charges | $230,392 |
| Net Land, buildings, and equipment | $67,223,056 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $12,203,900 |
| Intangible assets | $0 |
| Other assets | $136,140 |
| Total assets | $107,010,094 |
| Accounts payable and accrued expenses | $1,820,730 |
| Grants payable | $0 |
| Deferred revenue | $349,817 |
| 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 | $68,219,418 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,511,739 |
| Total liabilities | $73,901,704 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $31,541,428 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,566,962 |
| Total liabilities and net assets/fund balances | $107,010,094 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Black River Electric Cooperative Fredericktown, MO | $138,131,330 | $49,558,459 |
Shelby Energy Cooperative Inc Shelbyville, KY | $128,023,912 | $48,869,118 |
Tri-County Electric Cooperative Mount Vernon, IL | $133,948,921 | $48,522,537 |
Cumberland Valley Electric Co-Op Corp Gray, KY | $124,042,321 | $47,250,559 |
Rural Electric Co Op Inc Lindsay, OK | $94,050,768 | $47,989,459 |
Kiamichi Electric Cooperative Inc Wilburton, OK | $118,158,279 | $46,432,215 |
Pickwick Electric Cooperative Selmer, TN | $93,706,292 | $47,229,186 |
New Mac Electric Cooperative Inc Neosho, MO | $135,294,797 | $45,962,047 |
C & L Electric Cooperative Corporation Star City, AR | $139,600,891 | $49,154,793 |
Three Rivers Electric Cooperative Linn, MO | $111,680,117 | $44,711,641 |
Western Cooperative Electric Association Inc Wakeeney, KS | $116,000,475 | $44,441,643 |
Tennessee Valley Electric Cooperative Savannah, TN | $70,169,300 | $47,105,536 |