Nonprofit · EIN 43-0330970
HOWARD ELECTRIC COOPERATIVE
Tax-exempt · FAYETTE, MO 65248
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,465,174 | $8,773,473 | $691,701 | $31,527,993 | $17,030,450 | $14,497,543 |
| December 31, 2023 | 990 | $8,918,400 | $8,082,805 | $835,595 | $31,290,611 | $17,915,659 | $13,374,952 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $9,254,158
- Investment income
- $227,382
- Other revenue
- -$16,366
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $231,526
- Compensation of officers, directors and key employees
- $448,318
- Salaries, compensation and benefits (total)
- $448,318
- Professional fundraising fees
- $0
- Depreciation
- $958,484
- Program services (functional)
- $8,773,473
Balance sheet and other
- Total assets, start of year
- $31,290,611
- Total assets, end of year
- $31,527,993
- Total liabilities, end of year
- $17,030,450
- Net assets, end of year
- $14,497,543
- Land, buildings and equipment
- $23,469,339
- Gross receipts
- $9,465,174
- Employees
- 17
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Amber Overfelt | CEO/General Manager Officer | 50 | $158,748 | $70,617 |
| Emily Bange | CFO/HR Officer | 45 | $131,957 | $44,343 |
| Brandon Lightfoot | Operations Manager Highest-paid employee | 45 | $130,311 | $45,568 |
| Chad Westhues | Construction Foreman Highest-paid employee | 47 | $124,349 | $36,154 |
| Spencer Duran | Journeyman Lineman Highest-paid employee | 48 | $121,531 | $28,778 |
| Kyle Allinson | Journeyman Lineman Highest-paid employee | 47 | $117,970 | $31,642 |
| Dustin Drew | Journeyman Lineman Highest-paid employee | 47 | $117,608 | $26,877 |
| Brenda Dougherty | Director/Custodian Trustee or director | 6 | $9,200 | $0 |
| David Kunze | Director Trustee or director | 5 | $6,200 | $0 |
| Omer Conrow | Director Trustee or director | 6 | $6,000 | $0 |
| Debbie Wiswall | Secretary Trustee or director, Officer | 3 | $4,200 | $0 |
| Dale Kirby | President Trustee or director, Officer | 5 | $4,000 | $0 |
| George Frink | Director Trustee or director | 9 | $3,200 | $0 |
| Bart Ballew | Director Institutional trustee | 5 | $3,000 | $0 |
| Lee Young | Vice President Trustee or director, Officer | 4 | $3,000 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Oran Boulden | Treasurer Trustee or director, Officer | 3 | $2,800 |
| Marvin Hilgedick | Director Trustee or director | 2 | $2,400 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Amber Overfelt | CEO/General Manager Officer | 50 | $148,312 | $72,896 |
| Emily Bange | CFO/HR Officer | 45 | $121,846 | $43,525 |
| Brandon Lightfoot | Operations Manager Highest-paid employee | 45 | $120,387 | $44,591 |
| Chad Westhues | Construction Foreman Highest-paid employee | 45 | $112,181 | $35,155 |
| Kyle Allinson | Journeyman Lineman Highest-paid employee | 45 | $109,687 | $31,492 |
| Nathan Sanders | Journeyman Lineman Highest-paid employee | 45 | $103,899 | $31,495 |
| George Frink | Director Trustee or director | 8 | $8,200 | $0 |
| Brenda Dougherty | Director/Custodian Trustee or director | 5 | $8,000 | $0 |
| Omer Conrow | Director Trustee or director | 6 | $6,000 | $0 |
| Debbie Wiswall | Secretary Trustee or director, Officer | 3 | $4,400 | $0 |
| Dale Kirby | President Trustee or director, Officer | 4 | $3,200 | $0 |
| Lee Young | Vice President Trustee or director, Officer | 5 | $3,200 | $0 |
| David Kunze | Director Trustee or director | 2 | $2,800 | $0 |
| Bill Westfall | Director Trustee or director | 3 | $2,400 | $0 |
| Marvin Hilgedick | Director Trustee or director | 2 | $2,200 | $0 |
| Oran Boulden | Treasurer Trustee or director, Officer | 2 | $1,400 | $0 |
| Andy Cook | Director Trustee or director | 1 | $500 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 391, FAYETTE, MO 65248-0391
- In care of
- % AMBER OVERFELT
- Principal officer (990 for 2024)
- Amber Overfelt, PO Box 391, Fayette, MO 65248
- Signed the 990
- Amber Overfelt, General Manager
- Phone
- (660) 248-3311
- Website
- www.howardelectric.com
- Return prepared by
- Dennis G Koch & Associates LLC
Mission
As a cooperative, Howard Electric operates on a non-profit basis. All revenue above the cost of doing business (margins) is assigned to the members under a patronage refund plan called capital credits. The cooperative assigned capital credits annually and keeps a careful record of each member's investment in the co-op.
Program accomplishments
- Providing electric energy to the members of the cooperativeExpenses $8,773,473 · revenue $9,481,540
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 | Not 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
- 43-0330970
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1939
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $31,527,993
- Income (IRS master file)
- $9,465,174
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,465,174 | $8,773,473 | $31,527,993 | XML |
| 990 | December 2023 | $8,918,400 | $8,082,805 | $31,290,611 | XML |
| 990 | December 2022 | $8,108,424 | $7,957,567 | $29,268,152 | IRS |
| 990 | December 2021 | $7,815,337 | $7,759,591 | $28,589,659 | IRS |
| 990 | December 2020 | – | – | – | 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 43-0330970).
Questions about HOWARD ELECTRIC COOPERATIVE
- What is the EIN of HOWARD ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of HOWARD ELECTRIC COOPERATIVE is 43-0330970.
- Is HOWARD ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1939.
- Are donations to HOWARD ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HOWARD 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 HOWARD ELECTRIC COOPERATIVE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOWARD ELECTRIC COOPERATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HOWARD ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 names Amber Overfelt.
- Who are the officers and directors of HOWARD ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 lists 17 people; 17 received compensation from the organization, the highest $158,748 (Amber Overfelt, CEO/General Manager).
- How much revenue does HOWARD ELECTRIC COOPERATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,465,174, expenses of $8,773,473 and total assets of $31,527,993 at year end.
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