Barry Electric Cooperative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 440520846 ✦ Cassville, MO ✦ Designated as a 501(c)(12)

Overview

What is Barry Electric Cooperative Inc?

Barry Electric Cooperative Inc is a nonprofit organization based in Cassville, Missouri, providing electric service to approximately 9,700 members spread across approximately 1,091 miles. Established in 1946, its mission was to serve rural areas in Barry and McDonald Counties of Missouri where investor-owned utilities found it unprofitable to extend their services. Today, Barry Electric Cooperative Inc employs 46 individuals and serves the communities of Cassville, Exeter, Jenkins, Seligman, Washburn, Wheaton, and surrounding rural areas. Its core activity involves delivering electric power to its cooperative members.


Official website here: www.barryelectric.com

Is Barry Electric Cooperative Inc legitimate?

Barry Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Barry Electric Cooperative Inc 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $230,010
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,394,117

For more financial information, click here


Official website here: www.barryelectric.com

What is the mission statement of Barry Electric Cooperative Inc?

Barry Electric Cooperative Inc was established in 1946 to extend electric service to communities in rural areas where it was not financially viable for investor-owned utilities to do so. Presently, the cooperative caters to nearly 10,000 members, providing them with electric service across approximately 1,091 miles. Barry Electric Cooperative's primary focus is on serving the southern half of Barry County and a few members in McDonald County, including the towns of Cassville, Exeter, Jenkins, Seligman, Washburn, and Wheaton, and their surrounding rural areas.


Official website here: www.barryelectric.com

Who is the CEO of Barry Electric Cooperative Inc?

David E Cupps is the Executive Vice President of Barry Electric Cooperative Inc.


Official website here: www.barryelectric.com

What is the revenue of Barry Electric Cooperative Inc?

Barry Electric Cooperative Inc's revenue in 2021 was $22,131,992.


Official website here: www.barryelectric.com

Who are the executives of Barry Electric Cooperative Inc and what are their salaries?

The average compensation at Barry Electric Cooperative Inc during 2021 was $35,307. There are 46 employees at Barry Electric Cooperative Inc.

Here are 17 key members and their salaries:

    Jennifer Mcbroom (Executive Vice President)
  • Compensation: $140,614
  • Related: $0
  • Other: $22,529

    • Timothy Thompson (Lineman)
  • Compensation: $103,871
  • Related: $0
  • Other: $40,279

    • Kevin Holloway (Operations Manager)
  • Compensation: $103,105
  • Related: $0
  • Other: $39,780

    • Brian Robbins (Lineman)
  • Compensation: $109,455
  • Related: $0
  • Other: $24,301

    • William Woods (Lineman)
  • Compensation: $103,993
  • Related: $0
  • Other: $22,769

    • Heyley Hudson (Chief Financial Officer)
  • Compensation: $35,438
  • Related: $0
  • Other: $8,929

    • David Cupps (President) [Trustee/Director]
  • Compensation: $4,200
  • Related: $0
  • Other: $0

    • Jake O'Neill (Director)
  • Compensation: $2,400
  • Related: $0
  • Other: $0

    • David Dalton (Director)
  • Compensation: $2,375
  • Related: $0
  • Other: $0

    • Jason Hudson (Director)
  • Compensation: $2,375
  • Related: $0
  • Other: $0

    • Kenyon Atkinson (Vice President) [Trustee/Director]
  • Compensation: $2,300
  • Related: $0
  • Other: $0

    • Lewis Royer (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $2,150
  • Related: $0
  • Other: $0

    • Ronnie Thomas (Director)
  • Compensation: $1,925
  • Related: $0
  • Other: $0

    • Connie Butler (Director)
  • Compensation: $1,350
  • Related: $0
  • Other: $0

    • Aubrey Wolf (Director)
  • Compensation: $1,350
  • Related: $0
  • Other: $0

    • Marlee Edie (Director)
  • Compensation: $1,050
  • Related: $0
  • Other: $0

    • Richard Asbill (Director)
  • Compensation: $1,025
  • Related: $0
  • Other: $0


  • Official website here: www.barryelectric.com

    Where can I find the form 990 for Barry Electric Cooperative Inc?

    The Barry Electric Cooperative Inc’s most recent form 990 was submitted in 2021 and can be accessed here


    Official website here: www.barryelectric.com

    Learn more at the official website: www.barryelectric.com

    Mission Statement of Barry Electric Cooperative Inc

    Barry Electric Cooperative Inc, established in 1946, began its mission to provide electric service to cooperative members in rural Barry and McDonald Counties of Missouri. Since investor-owned utilities found the profitability of serving these areas uncertain, Barry Electric Cooperative filled the gap. Today, this organization serves nearly 10,000 members, a testament to its unwavering commitment to bringing electricity to communities where it was once economically unfeasible.

    Barry Electric Cooperative's reach stretches across approximately 1,091 miles, supplying electricity to around 9,700 members. The cooperative's service area includes portions of the southern half of Barry County and a few members in McDonald County. Towns such as Cassville, Exeter, Jenkins, Seligman, Washburn, and Wheaton, along with the surrounding rural areas, benefit from Barry Electric Cooperative's presence. Its commitment to its mission has not gone unnoticed, and the cooperative continues to bring power to those who would otherwise go without.

    Impact

    This information is meant to be a general summary of Barry Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Barry Electric Cooperative Inc's impact is evident in the provision of electric service to approximately 9,700 members within approximately 1,091 miles of service area. By serving portions of the southern half of Barry County and including members in McDonald County, Barry Electric Cooperative ensures these rural areas have access to essential electricity services. Established in 1946 for the specific purpose of providing electricity where investor-owned utilities found it unprofitable, Barry Electric Cooperative's commitment to its mission continues to benefit nearly 10,000 members. This organization plays a vital role in supporting economic development and enhancing the quality of life for residents in rural Missouri.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $691,822
  • Program Service Revenue: $20,992,355
  • Gross Receipts: $24,200,173

    • Assets and Liabilities:
  • Total Assets: $107,010,094
  • Total Liabilities: $73,901,704
  • Net Assets: $33,108,390
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SALES OF ELECTRIC ENERGY

    Revenue

    $20,025,049

    G & T CAPITAL CREDITS

    Revenue

    $747,183

    OTHER CAPITAL CREDITS

    Revenue

    $130,413

    PENALTIES

    Revenue

    $72,125

    OTHER ELECTRIC REVENUE

    Revenue

    $17,585

    Organization Details

    Founding Year

    1946

    Principal Officer

    David E Cupps

    Main Address

    PO BOX 307, CASSVILLE, MO, 65625

    NTEE Category

    Code: W80 - Public benefit

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