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Nonprofit · EIN 47-0348438

MIDWEST ELECTRIC COOPERATIVE CORPORATION

Tax-exempt · GRANT, NE 69140

Financials

$31.1M$30M2023$33.6M$34.6M2024
Revenue Expenses · by fiscal year end
Financials of MIDWEST ELECTRIC COOPERATIVE CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$33,649,175$34,571,767-$922,592$87,450,276$43,788,232$43,662,044
December 31, 2023990$31,110,814$30,044,432$1,066,382$85,085,716$41,314,196$43,771,520
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$33,098,706
Investment income
$534,123
Net gain from sales of assets
$5,500
Net income from sales of inventory
$3,189
Other revenue
$16,346

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$3,040,197
Compensation of officers, directors and key employees
$513,718
Other salaries and wages
$2,758,528
Salaries, compensation and benefits (total)
$5,090,940
Professional fundraising fees
$0
Legal fees
$42,501
Accounting fees
$12,500
Depreciation
$2,886,113

Balance sheet and other

Total assets, start of year
$85,085,716
Total assets, end of year
$87,450,276
Total liabilities, end of year
$43,788,232
Net assets, end of year
$43,662,044
Land, buildings and equipment
$61,011,658
Gross receipts
$33,817,051
Employees
36
Year formed
1939
State of legal domicile
NE

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.

NameTitleHours / weekCompensationOther / benefits
JAYSON BISHOPGENERAL MANAGER
Officer
40$196,525$103,282
KRAIG WYKERTOPERATIONS MANAGER
Highest-paid employee
40$121,609$70,615
SETH COCKERILLGRANT FOREMAN
Highest-paid employee
40$119,092$71,995
TIM JOHNSONAPPARATUS TECHNICIAN
Highest-paid employee
40$121,893$67,276
KARL LAKEENGINEERING MANAGER
Highest-paid employee
40$123,875$59,394
KYLE R DEEDSFOREMAN
Highest-paid employee
40$120,016$59,310
RILEY D KENNEDYFINANCIAL MANAGER
Officer
40$114,253$53,833
VANCE MCCOYTREASURER
Trustee or director, Officer
2$6,825$0
BRAD HARMSDIRECTOR
Trustee or director
2$6,500$0
MARK MCCONNELLDIRECTOR
Trustee or director
2$5,525$0
BRENT NELSONDIRECTOR MARCH-DECEMBER
Trustee or director
2$5,200$0
DENNIS HUTTDIRECTOR
Trustee or director
2$4,550$0
GAVIN MCCLINTOCKSECRETARY
Trustee or director, Officer
2$4,550$0
NICK HANSONVICE PRESIDENT
Trustee or director, Officer
2$4,225$0
CHRIS CORNELIUSDIRECTOR
Trustee or director
2$3,900$0
2 more people on this return
NameTitleHours / weekCompensation
SHAWN TURNERPRESIDENT
Trustee or director, Officer
2$3,900
DALE SCHROEDERDIRECTOR JANUARY-FEBRUARY
Trustee or director
2$650
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensationOther / benefits
JAYSON BISHOPGENERAL MANAGER
Officer
40$181,924$94,726
KRAIG WYKERTOPERATIONS MANAGER
Highest-paid employee
40$113,400$66,064
KARL LAKEENGINEERING MANAGER
Highest-paid employee
40$117,554$61,630
TIM JOHNSONAPPARATUS TECHNICIAN
Highest-paid employee
40$114,620$63,406
KYLE R DEEDSCONSTRUCTION FOREMAN
Highest-paid employee
40$113,038$55,402
KIRK HEIMESMETER TECHNICIAN
Highest-paid employee
40$105,626$52,901
RILEY D KENNEDYFINANCIAL MANAGER
Officer
40$106,862$50,098
VANCE MCCOYTREASURER
Trustee or director, Officer
2$9,100$0
CHRIS CORNELIUSDIRECTOR
Trustee or director
2$6,175$0
MARK MCCONNELLDIRECTOR
Trustee or director
2$6,175$0
DENNIS HUTTDIRECTOR
Trustee or director
2$4,225$0
SHAWN TURNERPRESIDENT
Trustee or director, Officer
2$4,225$0
NICK HANSONVICE PRESIDENT
Trustee or director, Officer
2$4,225$0
DALE SCHROEDERDIRECTOR
Trustee or director
2$3,900$0
BRAD HARMSDIRECTOR
Trustee or director
2$3,575$0
GAVIN MCCLINTOCKSECRETARY
Trustee or director, Officer
2$2,600$0

Address and contacts

Address (IRS master file)
PO BOX 970, GRANT, NE 69140-0970
In care of
% JAYSON BISHOP
Principal officer (990 for 2024)
JAYSON BISHOP, 104 WASHINGTON AVE, GRANT, NE 69140
Signed the 990
JAYSON BISHOP, GENERAL MANAGER
Phone
(308) 352-4356
Return prepared by
LARSON PA

Mission

TO SAFELY PROVIDE RELIABLE POWER AND HIGH-QUALITY SERVICE TO OUR COOPERATIVE MEMBERS IN AN EFFICIENT AND COST-EFFECTIVE MANNER.

990 for the year ended December 31, 2024

Program accomplishments

  • THE MIDWEST ELECTRIC COOPERATIVE CORPORATION IS DEDICATED TO PROVIDING A HIGH-QUALITY, RELIABLE AND COMPETITIVELY PRICED SUPPLY OF ELECTRICITY TO OUR MEMBERS AND CUSTOMERS WHILE MAINTAINING A SOUND FINANCIAL POSITION THROUGH EFFECTIVE UTILIZATION OF HUMAN, CAPITAL AND PHYSICAL RESOURCES IN ACCORDANCE WITH COOPERATIVE PRINCIPLES.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
47-0348438
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1955
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$87,450,276
Income (IRS master file)
$33,817,051

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$33,649,175$34,571,767$87,450,276IRS
990December 2023$31,110,814$30,044,432$85,085,716XML
990December 2022$35,694,791$37,039,098$83,342,155IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 47-0348438).

Questions about MIDWEST ELECTRIC COOPERATIVE CORPORATION

What is the EIN of MIDWEST ELECTRIC COOPERATIVE CORPORATION?
The employer identification number (EIN) of MIDWEST ELECTRIC COOPERATIVE CORPORATION is 47-0348438.
Is MIDWEST ELECTRIC COOPERATIVE CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1955.
Are donations to MIDWEST ELECTRIC COOPERATIVE CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MIDWEST ELECTRIC COOPERATIVE CORPORATION 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 MIDWEST ELECTRIC COOPERATIVE CORPORATION 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 MIDWEST ELECTRIC COOPERATIVE CORPORATION 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 MIDWEST ELECTRIC COOPERATIVE CORPORATION?
The 990 for the year ended December 31, 2024 names JAYSON BISHOP.
Who are the officers and directors of MIDWEST ELECTRIC COOPERATIVE CORPORATION?
The 990 for the year ended December 31, 2024 lists 17 people; 17 received compensation from the organization, the highest $196,525 (JAYSON BISHOP, GENERAL MANAGER).
How much revenue does MIDWEST ELECTRIC COOPERATIVE CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $33,649,175, expenses of $34,571,767 and total assets of $87,450,276 at year end.

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