Overview
What is Semo Electric Cooperative?
Semo Electric Cooperative is a nonprofit organization based in Sikeston, Missouri. With over 65 employees, they provide electricity and fiber-fast internet, TV, and phone services to approximately 16,000 homes, farms, and businesses in the area. The cooperative strives to enhance the lives of its community members by offering safe, reliable, and affordable utilities. Semo Electric Cooperative operates on a tight budget, with power costs making up around 50-60% of their overall expenditures. Despite this, the cooperative remains dedicated to contributing to the local community by paying nearly $900,000 in electric and fiber property taxes each year.
Official website here: www.gosemo.com
Is Semo Electric Cooperative legitimate?
Semo Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Semo Electric Cooperative submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $391,021
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.gosemo.com
What is the mission statement of Semo Electric Cooperative?
Semo Electric Cooperative strives to enhance people's lives by delivering safe, dependable, and economical electricity, as well as fiber-fast internet, TV, and phone services. The cooperative employs sixty-two individuals and contributes significantly to the local community by paying nearly one million dollars in property taxes for electricity and fiber services annually. By providing essential utilities at affordable prices, Semo Electric Cooperative enriches the lives of over sixteen thousand households, farms, and businesses, despite operating on a tight budget with power costs accounting for around fifty to sixty percent of their overall expenses.
Official website here: www.gosemo.com
Who is the CEO of Semo Electric Cooperative?
Richard Faulkner is the President of Semo Electric Cooperative. The CEO's salary of Semo Electric Cooperative is $247,596 and their total compensation is $363,703.
Official website here: www.gosemo.com
What is the revenue of Semo Electric Cooperative?
Semo Electric Cooperative's revenue in 2020 was $43,598,236.
Official website here: www.gosemo.com
Who are the executives of Semo Electric Cooperative and what are their salaries?
The average compensation at Semo Electric Cooperative during 2020 was $6,016. There are 65 employees at Semo Electric Cooperative.
Here are 18 key members and their salaries (Semo Electric Cooperative's CEO's salary is $247,596 and their total compensation is $363,703):
- Compensation: $6,800
- Related: $0
- Other: $0
- Compensation: $7,225
- Related: $0
- Other: $0
- Compensation: $6,800
- Related: $0
- Other: $0
- Compensation: $8,925
- Related: $0
- Other: $0
- Compensation: $6,800
- Related: $0
- Other: $0
- Compensation: $7,650
- Related: $0
- Other: $0
- Compensation: $10,625
- Related: $0
- Other: $0
- Compensation: $10,625
- Related: $0
- Other: $0
- Compensation: $9,775
- Related: $0
- Other: $0
- Compensation: $11,900
- Related: $0
- Other: $0
- Compensation: $9,775
- Related: $0
- Other: $0
- Compensation: $6,375
- Related: $0
- Other: $0
- Compensation: $247,596
- Related: $0
- Other: $116,107
- Compensation: $139,971
- Related: $0
- Other: $100,393
- Compensation: $162,811
- Related: $0
- Other: $25,304
- Compensation: $168,720
- Related: $0
- Other: $66,349
- Compensation: $148,637
- Related: $0
- Other: $77,896
- Compensation: $149,479
- Related: $0
- Other: $37,166
Official website here: www.gosemo.com
Where can I find the form 990 for Semo Electric Cooperative?
Semo Electric Cooperative's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.gosemo.com
Learn more at the official website: www.gosemo.com
Mission Statement of Semo Electric Cooperative
Semo Electric Cooperative, a mission-driven organization, strives to enhance the lives of its community members by delivering safe, dependable, and economical electricity, as well as fiber-fast internet, TV, and phone services. With a team of sixty-two dedicated employees, the cooperative ensures the provision of essential energy needs while maintaining a slim budget, with power costs accounting for approximately fifty to sixty percent of the overall expenses. By prioritizing the well-being of its clientele, Semo Electric Cooperative goes beyond just electricity, contributing significantly to the local community by paying nearly nine hundred thousand dollars in electric and fiber property taxes.
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Impact
October, 2024
Semo Electric Cooperative significantly enhances the quality of life for over 16,000 homes, farms, and businesses in the Sikeston, MO area by delivering safe, reliable, and affordable electricity, along with fiber-fast internet, TV, and phone services. With a dedicated team of 62 employees, the cooperative operates on thin margins, with power costs comprising 50% to 60% of their overall budget.
The cooperative actively contributes to the local community, paying nearly $900,000 in electric and fiber property taxes, which supports essential services and infrastructure. This commitment not only provides essential utilities but also fosters community well-being and economic development. Through its services, Semo Electric Cooperative plays an essential role in improving daily life and supporting the local economy.
This information is meant to be a general summary of Semo Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Investment Income: $39,125
- Program Service Revenue: $42,203,903
- Gross Receipts: $43,634,403
Assets and Liabilities:
- Total Assets: $155,297,219
- Total Liabilities: $92,339,913
- Net Assets: $62,957,306
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC - ENERGY SALE
Revenue
$36,265,949
FIBER SERVICES
Revenue
$4,569,095
CAPITAL CREDITS
Revenue
$1,222,792
POLE RENTAL
Revenue
$115,962
SALVAGE REVENUE
Revenue
$16,801
Organization Details
Founding Year
1938
Phone
(573) 471-5821Principal Officer
Richard Faulkner
Main Address
PO BOX 520, SIKESTON, MO, 63801
Website
www.gosemo.comNTEE Category
Code: W80 - Public benefit
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