Midwest Electric Cooperative Corporation

Organization Overview

Midwest Electric Cooperative Corporation is located in Grant, NE. The organization was established in 1955. 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, Midwest Electric Cooperative Corporation employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Electric Cooperative Corporation 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, Midwest Electric Cooperative Corporation generated $30.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $31.8m during the year ending 12/2021. While expenses have increased by 2.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SAFELY PROVIDE RELIABLE POWER AND HIGH-QUALITY SERVICE TO OUR COOPERATIVE MEMBERS IN AN EFFICIENT AND COST-EFFECTIVE MANNER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MIDWEST ELECTRIC COOPERATIVE CORPORATION IS DEDICATED TO PROVIDING A HIGH-QUALITY, RELIABLE AND COMPETITIVELY PRICED SUPPLY OF ELECTRICITY TO OUR MEMBERS AND CUSTOMERS WHILE MAINTAINING A SOUND FINANCIAL POSITION THROUGH EFFECTIVE UTILIZATION OF HUMAN, CAPITAL AND PHYSICAL RESOURCES IN ACCORDANCE WITH COOPERATIVE PRINCIPLES.


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Board, Officers & Key Employees

Name (title)Compensation
Jayson Bishop
General Manager
$156,281
Bruce A Geisert
Meter Technician
$102,717
Karl D Lake
Engineering Manager
$100,913
Riley D Kennedy
Financial Manager
$92,545
Vance Mccoy
Treasurer
$4,875
Shawn Turner
President
$4,550

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Esc Engineering
Engineering
$168,947
Sbs Inspections
Construction
$111,104
Ies Commercial Inc
Construction
$127,478
View All Vendors

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$30,163,208
Investment income $575,121
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $52,096
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $8,253
Miscellaneous Revenue$0
Total Revenue $30,806,010

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