Meade County Rural Electric Cooperative Corporation

Organization Overview

Meade County Rural Electric Cooperative Corporation is located in Brandenburg, KY. The organization was established in 1938. 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, Meade County Rural Electric Cooperative Corporation employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meade County Rural 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, Meade County Rural Electric Cooperative Corporation generated $56.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $56.1m during the year ending 12/2021. While expenses have increased by 2.6% 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

PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 30,500 CONSUMERS MONTHLY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 30,500 CONSUMERS MONTHLY.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Townsend Corporation
Row Clearing
$2,094,906
M&m Electrical Contractor
Power Line Construction
$487,136
Service Electric Company
Substation Construction
$441,088
Aubrey Silvey Enterprises
Substation
$228,226
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$55,555,313
Investment income $110,246
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 $56,068,538

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