Midwest Energy Inc
- Assets
- $645.2m
- Revenue
- $247.4m
- Investments
- $0.0
- Employees
- 307
- Location
- Hays, KS
- Founding
- 04/1985
- Data as of
- 12/2022
- EIN
- 48-0163970
Organization Overview
Midwest Energy Inc is located in Hays, KS. The organization was established in 1985. 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, Midwest Energy Inc employed 307 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midwest Energy 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, Midwest Energy Inc generated $247.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $247.4m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MIDWEST ENERGY'S MISSION IS TO: -PROVIDE SAFE, RELIABLE AND EFFICIENT ENERGY SERVICES -DELIVER INNOVATIVE, AFFORDABLE AND ENVIRONMENTALLY SOUND SOLUTIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVE APPROXIMATELY 50,000 ELECTRIC AND 42,000 NATURAL GAS CUSTOMERS IN CENTRAL AND WESTERN KANSAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise Berning Director | Trustee | 8 | $8,825 |
John Blackwell Director | Trustee | 6 | $20,750 |
Lon Frahm Director | Trustee | 7 | $7,900 |
Keith Miller Director | Trustee | 3 | $7,500 |
Chuck Moore Director | Trustee | 6 | $10,100 |
Gary Moss Director | Trustee | 3.5 | $13,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Burns & Mcdonnell Engineering | 12/30/22 | $1,074,047 |
Ward Electric Line Construction | 12/30/22 | $1,024,562 |
Schweitzer Engineering Engineering | 12/30/22 | $999,815 |
North American Energy Services Power Plant Management & Staffing | 12/30/22 | $1,967,273 |
Solida Tree Service Line Clearance | 12/30/22 | $973,311 |
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 | $247,197,784 |
| Investment income | $196,387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $247,394,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $186,587 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $21,754,737 |
| Compensation of current officers, directors, key employees. | $2,960,860 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,068,404 |
| Pension plan accruals and contributions | $3,430,740 |
| Other employee benefits | $3,390,893 |
| Payroll taxes | $1,405,270 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $106,187 |
| 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 | $13,565,973 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,786,673 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $247,392,917 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $603,972 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,235,188 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,137,050 |
| Inventories for sale or use | $12,459,487 |
| Prepaid expenses and deferred charges | $19,641,006 |
| Net Land, buildings, and equipment | $547,401,644 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $21,703,805 |
| Intangible assets | $0 |
| Other assets | $1,036,019 |
| Total assets | $645,218,171 |
| Accounts payable and accrued expenses | $61,089,919 |
| Grants payable | $0 |
| Deferred revenue | $10,206,665 |
| 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 | $295,268,710 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $366,565,294 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $278,652,877 |
| Total liabilities and net assets/fund balances | $645,218,171 |
Grants Awarded
Over the last fiscal year, Midwest Energy Inc has awarded $29,305 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ELLIS COUNTY UNITED WAY PURPOSE: fund local non-profit agencies | $13,305 |
GRAINFIELD COMMUNITY DEVELOPMENT COMMITTEE PURPOSE: Community Development | $6,000 |
HEARTLAND COMMUNITY FOUNDATION PURPOSE: fund grants to non-profits | $10,000 |