N W Electric Power Cooperative Inc
- Assets
- $279.0m
- Revenue
- $113.4m
- Investments
- $0.0
- Employees
- 76
- Location
- Cameron, MO
- Founding
- 02/1959
- Data as of
- 12/2022
- EIN
- 44-0542209
Organization Overview
N W Electric Power Cooperative Inc is located in Cameron, MO. The organization was established in 1959. 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, N W Electric Power Cooperative Inc employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. N W Electric Power 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 12/2022, N W Electric Power Cooperative Inc generated $113.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $113.4m during the year ending 12/2022. While expenses have increased by 1.4% 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
N.W. ELECTRIC POWER COOPERATIVE WAS FORMED BY ITS MEMBER COOPERATIVES TO PROVIDE ELECTRIC ENERGY AS DESCRIBED IN IRC SECTION 501(C)(12)(B)
Describe the Organization's Program Activity:
Part 3 - Line 4a
RURAL ELECTRIC COOPERATIVE OPERATED AS A TRANSMISSION SOURCE OF ELECTRIC POWER FOR ITS MEMBER ELECTRIC COOPERATIVES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mcdowell Ceo, General | Officer | 40 | $1,027,000 |
Kent Brown Cfo, 2nd Ass | Officer | 50 | $298,770 |
John Stickley VP Of Engine | Officer | 55 | $294,777 |
Ashley Leazenby VP Of Hr & I | 40 | $245,453 | |
Bryon Roach VP Pr & Spec | Officer | 45 | $232,406 |
Mark Ramsey Substation S | 55 | $172,580 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capital Electric Line Builders Line & Subs Con | 12/30/22 | $2,353,406 |
Allgeier Martin & Assoc Inc Engineering | 12/30/22 | $1,584,391 |
Watts Electric Co Line & Sub Cons | 12/30/22 | $719,414 |
Re-con Company Inc Line Const & Ma | 12/30/22 | $683,095 |
Osmose Utilities Services Inc Pole Inspection | 12/30/22 | $164,942 |
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 | $112,772,996 |
| Investment income | $506,217 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $60,465 |
| Net Gain/Loss on Asset Sales | $59,159 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $113,398,837 |
| 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 | $5,646,006 |
| Compensation of current officers, directors, key employees. | $2,812,720 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,394,360 |
| 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 | $5,418,211 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,577,485 |
| Insurance | $0 |
| All other expenses | $1,874,283 |
| Total functional expenses | $113,398,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,061,773 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,878,737 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,042,545 |
| Prepaid expenses and deferred charges | $1,126,067 |
| Net Land, buildings, and equipment | $157,299,188 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $86,839,082 |
| Intangible assets | $0 |
| Other assets | $2,798,011 |
| Total assets | $279,045,403 |
| Accounts payable and accrued expenses | $13,838,402 |
| Grants payable | $0 |
| Deferred revenue | $9,912,781 |
| 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 | $134,382,442 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,418,164 |
| Total liabilities | $180,551,789 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $800 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $98,492,814 |
| Total liabilities and net assets/fund balances | $279,045,403 |