Nemaha-Marshall Electric Cooperative Assn Inc
- Assets
- $13.4m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Axtell, KS
- Founding
- 05/1940
- Data as of
- 12/2021
- EIN
- 48-0350145
Organization Overview
Nemaha-Marshall Electric Cooperative Assn Inc is located in Axtell, KS. The organization was established in 1940. 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, Nemaha-Marshall Electric Cooperative Assn Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nemaha-Marshall Electric Cooperative Assn 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, Nemaha-Marshall Electric Cooperative Assn Inc generated $6.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $6.4m during the year ending 12/2021. While expenses have increased by 0.8% 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
PROVIDE ELECTRICITY TO RURAL COOPERATIVE MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL MEETING OF MEMBERS-THE COOPERATIVE HELD AN ANNUAL MEETING ON FEBRUARY 23,2021 . A TOTAL OF 2,448 MEMBERS WERE NOTIFIED AND 195 MEMBERS ATTENDED. A LEGAL QUORUM WAS PRESENT. THE COOPERATIVE'S OFFICERS AND MANAGEMENT INFORMED THE CONSUMERS OF THE YEAR'S ACTIVITIES AND THE ELECTION OF TRUSTEES WAS HELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen M O'brien General Manager | 60 | $143,407 | |
David J Koch President | OfficerTrustee | 1 | $3,500 |
Thomas L Niehues Trustee | Trustee | 1 | $3,500 |
David J Ronnebaum Vice President | OfficerTrustee | 1 | $3,250 |
Dean D Becker Trustee | Trustee | 1 | $3,250 |
Melvin D Kruse Trustee | Trustee | 1 | $3,250 |
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 | $6,770,887 |
| Investment income | $102,505 |
| 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 | $14,771 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,888,163 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $172,157 |
| Compensation of current officers, directors, key employees. | $172,157 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $461,042 |
| Pension plan accruals and contributions | $58,302 |
| Other employee benefits | $180,023 |
| Payroll taxes | $43,228 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,251 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,915 |
| Office expenses | $33,588 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,047 |
| Travel | $116,298 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,767 |
| Interest | $219,038 |
| Payments to affiliates | $65,020 |
| Depreciation, depletion, and amortization | $485,562 |
| Insurance | $22,165 |
| All other expenses | $128,699 |
| Total functional expenses | $6,369,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $376,872 |
| Savings and temporary cash investments | $1,063,613 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $578,706 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $473,754 |
| Prepaid expenses and deferred charges | $76,140 |
| Net Land, buildings, and equipment | $10,595,966 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $241,446 |
| Total assets | $13,406,497 |
| Accounts payable and accrued expenses | $675,181 |
| 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 | $4,573,582 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,105 |
| Total liabilities | $5,289,868 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $31,430 |
| Paid-in or capital surplus, or land, building, or equipment fund | $7,916,402 |
| Retained earnings, endowment, accumulated income, or other funds | $168,797 |
| Total liabilities and net assets/fund balances | $13,406,497 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Missouri Rural Electric Cooperative Palmyra, MO | $37,368,089 | $19,573,881 |
Sedgwick County Electric Cooperative Association Inc Cheney, KS | $36,473,709 | $18,891,382 |
Gascosage Electric Cooperative Dixon, MO | $57,774,455 | $19,748,899 |
North Central Missouri Electric Cooperative Inc Milan, MO | $39,341,969 | $18,294,115 |
Lewis County Rural Electric Cooperative Association Lewistown, MO | $54,864,852 | $16,122,435 |
Consolidated Mutual Water Company Lakewood, CO | $221,800,692 | $15,225,271 |
Lyon-Coffey Electric Cooperative Inc Burlington, KS | $47,592,400 | $15,534,958 |
Ark Valley Electric Cooperative Assn Inc South Hutchinson, KS | $45,661,646 | $15,134,706 |
Panhandle Rural Electric Membership Association Alliance, NE | $41,224,706 | $16,400,067 |
Grundy Electric Cooperative Incorporated Trenton, MO | $55,809,361 | $15,893,740 |
Tri-County Electric Cooperative Association Incorporated Lancaster, MO | $42,817,850 | $14,224,922 |
Ninnescah Rural Electric Cooperative Association Inc Pratt, KS | $52,244,825 | $13,915,563 |