Central Electric Power Cooperative
- Assets
- $549.2m
- Revenue
- $253.1m
- Investments
- $0.0
- Employees
- 123
- Location
- Jefferson City, MO
- Founding
- 05/1957
- Data as of
- 12/2023
- EIN
- 44-0542660
Organization Overview
Central Electric Power Cooperative is located in Jefferson City, MO. The organization was established in 1957. 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, Central Electric Power Cooperative employed 123 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central 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, Central Electric Power Cooperative generated $253.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $253.2m during the year ending 12/2023. While expenses have increased by 2.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CENTRAL ELECTRIC POWER IS A GENERATION AND TRANSMISSION COOPERATIVE PROVIDING ENERGY TO DISTRIBUTION COOPERATIVES IN CENTRAL MISSOURI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRAL ELECTRIC POWER IS A GENERATION AND TRANSMISSION COOPERATIVE PROVIDING ENERGY TO DISTRIBUTION COOPERATIVES IN CENTRAL MISSOURI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher M Turner Ceogeneral Manager | Officer | 40 | $790,309 |
Mark Newbold VP Of Admin Services | Officer | 40 | $235,808 |
Michael B Bax VP Of Engineering | Officer | 40 | $243,681 |
Adam M Weber VP Of Transmission Services | Officer | 40 | $243,957 |
Daniel Wortmann VP Of Information Technology | Officer | 40 | $201,730 |
Christopher Duncan VP Of Telecommunications | Officer | 40 | $194,945 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bl Electrical Contractors Inc Line Construction | 12/30/23 | $8,965,152 |
Hentges Tree Service Inc Right Of Way | 12/30/23 | $1,121,211 |
Contract Land Staff Llc Easements | 12/30/23 | $645,546 |
Apex Row Llc Right Of Way | 12/30/23 | $242,325 |
Joseph Chapman Construction Right Of Way | 12/30/23 | $203,003 |
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 | $251,268,171 |
| Investment income | $1,849,040 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$36,856 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,080,355 |
| 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 | $15,333,410 |
| Compensation of current officers, directors, key employees. | $3,122,886 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $985,028 |
| 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 | $7,757,609 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,448,967 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $253,184,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,074,390 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,327,541 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,866,920 |
| Inventories for sale or use | $29,936,815 |
| Prepaid expenses and deferred charges | $1,296,922 |
| Net Land, buildings, and equipment | $305,384,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $163,354,603 |
| Intangible assets | $0 |
| Other assets | $962,900 |
| Total assets | $549,204,636 |
| Accounts payable and accrued expenses | $28,194,663 |
| 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 | $262,578,608 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,826,912 |
| Total liabilities | $306,600,183 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $900 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $242,603,553 |
| Total liabilities and net assets/fund balances | $549,204,636 |