Nonprofit · EIN 43-0188985
BOONE ELECTRIC COOPERATIVE
Tax-exempt · COLUMBIA, MO 65205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $81,103,577 | $76,402,072 | $4,701,505 | $230,016,251 | $129,565,107 | $100,451,144 |
| December 31, 2024 | 990 | $76,383,296 | $72,595,520 | $3,787,776 | $224,112,212 | $128,362,573 | $95,749,639 |
| December 31, 2023 | 990 | $72,698,018 | $68,204,910 | $4,493,108 | $219,609,893 | $127,648,030 | $91,961,863 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $80,923,551
- Investment income
- $180,026
- Net gain from sales of assets
- $857
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $227,663
- Benefits paid to members
- $3,316,916
- Compensation of officers, directors and key employees
- $1,069,280
- Salaries, compensation and benefits (total)
- $1,069,280
- Professional fundraising fees
- $0
- Depreciation
- $7,442,318
- Program services (functional)
- $76,402,072
Balance sheet and other
- Total assets, start of year
- $224,112,212
- Total assets, end of year
- $230,016,251
- Total liabilities, end of year
- $129,565,107
- Net assets, end of year
- $100,451,144
- Land, buildings and equipment
- $169,355,027
- Gross receipts
- $81,107,870
- Employees
- 104
- Volunteers
- 0
- Year formed
- 1936
- State of legal domicile
- MO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Todd Culley | CEO Officer | 50 | $437,369 | $205,637 |
| Vicki Kemna | Assistant Manager Key employee | 50 | $257,740 | $193,965 |
| James Goodnight | Operations Manager Key employee | 42 | $204,140 | $157,904 |
| Ryan Euliss | CFO/Manager of Finance Officer | 50 | $224,363 | $132,906 |
| Andrew Petri | Manager of Engineering and Key employee | 42 | $218,810 | $128,189 |
| Laura Baker | Mgr Member Svcs Key employee | 45 | $180,682 | $138,947 |
| James Flenoid II | IT Supervisor Highest-paid employee | 40 | $138,757 | $105,863 |
| Paul Karsten | Journeyman Lineman Key employee | 53 | $157,909 | $43,442 |
| Travis Meyers | Line Foreman Key employee | 47 | $151,772 | $45,909 |
| Scott Thieret | Mgr Env Health/Safety Highest-paid employee | 40 | $142,549 | $53,842 |
| Jacob Mebruer | Lead Lineman Highest-paid employee | 46 | $141,751 | $34,318 |
| Scott Douglas | System Engineer Highest-paid employee | 40 | $143,671 | $32,312 |
| Adams Bauer | Line Foreman Highest-paid employee | 45 | $139,933 | $36,021 |
| Darin Schnarre | Director Trustee or director | 2 | $50,077 | $0 |
| Caroline Andriano | Director Trustee or director | 3 | $48,539 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Bullard | Treasurer Trustee or director, Officer | 3 | $35,618 |
| Andrew Stanton | Director Trustee or director | 4 | $32,447 |
| Kimberly Ponder | President Trustee or director, Officer | 10 | $24,582 |
| Michelle Motley | Secretary Trustee or director, Officer | 5 | $15,262 |
| Wayne Wilcox | Vice President Trustee or director, Officer | 5 | $13,563 |
| Joel Bullard | Director Trustee or director | 10 | $13,450 |
| Teresa Voeller | Director Trustee or director | 5 | $11,119 |
| Frank Glenn | Director Trustee or director | 6 | $6,725 |
990 for the year ended December 31, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Todd Culley | CEO Officer | 50 | $356,797 | $170,822 |
| Vicki Kemna | Assistant Manager Key employee | 50 | $226,786 | $169,467 |
| Ryan Euliss | CFO/Manager of Finance Officer | 50 | $206,988 | $115,559 |
| James Goodnight | Operations Manager Key employee | 45 | $177,805 | $135,399 |
| Andrew Petri | Manager of Engineering and Key employee | 45 | $192,012 | $110,372 |
| Laura Baker | Mgr Member Svcs Key employee | 45 | $153,002 | $110,084 |
| Robert Hawkins | Line Foreman Highest-paid employee | 45 | $139,045 | $89,589 |
| Travis Lynn | Journeyman Lineman Highest-paid employee | 47 | $143,480 | $62,941 |
| Jeffrey Marren | Line Foreman Highest-paid employee | 46 | $136,139 | $62,870 |
| Travis Meyers | Journeyman Lineman Highest-paid employee | 48 | $140,113 | $43,486 |
| Scott Douglas | System Engineer Highest-paid employee | 40 | $135,080 | $29,485 |
| Darin Schnarre | Treasurer Trustee or director, Officer | 3 | $42,465 | $0 |
| Andrew Stanton | Director Trustee or director | 4 | $42,155 | $0 |
| John Bullard | Director Trustee or director | 6 | $41,229 | $0 |
| Kimberly Ponder | President Trustee or director, Officer | 10 | $23,662 | $0 |
| Michelle Motley | Secretary Trustee or director, Officer | 5 | $16,111 | $0 |
| Wayne Wilcox | Vice President Trustee or director, Officer | 5 | $13,891 | $0 |
| Timothy Hudspeth | Director Trustee or director | 2 | $13,351 | $0 |
| Joel Bullard | Director Trustee or director | 10 | $10,263 | $0 |
| Maria Haag | Director Trustee or director | 5 | $8,522 | $0 |
| Caroline Andriano | Director Trustee or director | 3 | $3,950 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Todd Culley | CEO Officer | 50 | $322,976 | $144,136 |
| Vicki Kemna | Assistant Manager Key employee | 50 | $218,430 | $169,860 |
| Ryan Euliss | CFO/Manager of Finance Officer | 50 | $197,584 | $110,880 |
| James Goodnight | Operations Manager Key employee | 45 | $171,077 | $126,704 |
| Laura Baker | Mgr Member Svcs Highest-paid employee | 45 | $144,654 | $121,541 |
| Andrew Petri | Manager of Engineering and Key employee | 45 | $165,281 | $82,720 |
| Jason Toalson | Line Foreman Highest-paid employee | 45 | $129,858 | $62,847 |
| Joshua Turner | Lead Lineman Highest-paid employee | 47 | $128,206 | $53,137 |
| Jeremy Drechsel | Journeyman Lineman Highest-paid employee | 47 | $126,191 | $38,030 |
| Scott Douglas | System Engineer Highest-paid employee | 40 | $125,020 | $28,557 |
| Darin Schnarre | Treasurer Trustee or director, Officer | 3 | $41,244 | $0 |
| John Bullard | Director Trustee or director | 6 | $39,239 | $0 |
| Andrew Stanton | Director Trustee or director | 4 | $38,194 | $0 |
| Joel Bullard | Director Trustee or director | 10 | $28,772 | $0 |
| Kimberly Ponder | President Trustee or director, Officer | 10 | $18,292 | $0 |
| Wayne Wilcox | Vice President Trustee or director, Officer | 5 | $14,591 | $0 |
| Timothy Hudspeth | Director Trustee or director | 2 | $13,141 | $0 |
| Michelle Motley | Secretary Trustee or director, Officer | 5 | $12,768 | $0 |
| Frank Glenn | Director Trustee or director | 3 | $6,285 | $0 |
| Maria Haag | Director Trustee or director | 5 | $3,208 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 797, COLUMBIA, MO 65205-0797
- In care of
- % PERATIVE
- Principal officer (990 for 2025)
- Todd Culley, 1413 Rangeline St, Columbia, MO 65201
- Signed the 990
- Todd Culley, General Manager
- Phone
- (573) 449-4181
- Website
- www.booneelectric.coop
- Return prepared by
- Dennis G Koch & Associates LLC
Mission
The mission of Boone Electric Cooperative is to be responsive to our members' needs by providing a dependable supply of electric energy and other services at the lowest possible cost consistent with sound business practices and cooperative principles.
Program accomplishments
- Retail sale of electricity to members, owners and consumersExpenses $76,402,072 · grants $227,663 · revenue $81,103,577
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 43-0188985
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1938
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $230,016,251
- Income (IRS master file)
- $81,107,870
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $81,103,577 | $76,402,072 | $230,016,251 | IRS |
| 990 | December 2024 | $76,383,296 | $72,595,520 | $224,112,212 | IRS |
| 990 | December 2023 | $72,698,018 | $68,204,910 | $219,609,893 | XML |
| 990 | December 2022 | $67,889,675 | $62,821,254 | $214,466,398 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 43-0188985).
Questions about BOONE ELECTRIC COOPERATIVE
- What is the EIN of BOONE ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of BOONE ELECTRIC COOPERATIVE is 43-0188985.
- Is BOONE ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1938.
- Are donations to BOONE ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BOONE ELECTRIC COOPERATIVE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BOONE ELECTRIC COOPERATIVE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BOONE ELECTRIC COOPERATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BOONE ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2025 names Todd Culley.
- Who are the officers and directors of BOONE ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2025 lists 23 people; 23 received compensation from the organization, the highest $437,369 (Todd Culley, CEO).
- How much revenue does BOONE ELECTRIC COOPERATIVE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $81,103,577, expenses of $76,402,072 and total assets of $230,016,251 at year end.
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