Missoula Electric Cooperative Inc

Organization Overview

Missoula Electric Cooperative Inc is located in Missoula, MT. The organization was established in 1944. 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, Missoula Electric Cooperative Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Missoula Electric Cooperative 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, Missoula Electric Cooperative Inc generated $24.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $23.4m during the year ending 12/2021. While expenses have increased by 2.0% 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

MISSOULA ELECTRIC COOPERATIVE, INC. STRIVES TO UPHOLD A COMMITMENT TO SERVICE EXCELLENCE, WHILE DELIVERING SAFE, AFFORDABLE AND RELIABLE ELECTRICIY TO ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COOPERATIVE PROVIDES ELECTRIC SERVICE TO APPROXIMATELY 12,700 MEMBERS IN MONTANA (SIX COUNTIES) AND IDAHO (ONE COUNTY).


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Board, Officers & Key Employees

Name (title)Compensation
Mark Hayden
General Manager
$262,736
Joseph Smith
COO
$162,043
Mitchell Dupree
Foreman
$146,657
Keven Kuhn
Cto
$142,654
Keelie Montalban
CFO
$139,331
Erik Langaunet
Engineering Manage
$134,410

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$364,375
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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$23,102,174
Investment income $322,932
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $63,260
Net Gain/Loss on Asset Sales $97,545
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $24,430,918

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Missoula Electric Cooperative Inc has recieved totaling $20,000.

Awarding OrganizationAmount
Seeley Lake Community Foundation

Seeley Lake, MT

PURPOSE: EDUCATION

$10,000
Seeley Lake Community Foundation

Seeley Lake, MT

PURPOSE: EDUCATION

$10,000
View Grant Recipient Profile

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