Program areas at Semo Electric Cooperative
We provide electricity to over 16,000 homes, farms, and businesses. The co-op operates on a slim margin as power costs are between 50% to 60% of overall budget.
The Cooperative invests nearly two million dollars in 2020 to trim trees to enhance reliability. The co-op has more than 2,600 miles to protect. The lines need trimmed every four to six years.
In 2017, the co-op started its fiber-to-the-home project. The first install occurred in march 2018. Members are excited about the services. As of july 15, 2019, there were 2,000 subscribers. As of february 5, 2021, there were 5,494 connected subscribers. The original buildout is scheduled to be completed in our territory in 2021.
Personnel at Semo Electric Cooperative
| Name | Title | Compensation | Date of data |
|---|
| Richard Faulkner | President | $5,950 | 2020-12-22 |
| Sean Vanslyke | Chief Executive Officer | $216,345 | 2019-12-31 |
| John Bledsoe | Vice President | $15,300 | 2019-12-31 |
| Tim Coppage | Secretary and Treasurer | $9,775 | 2019-12-31 |
| James Deneke | Assistant Treasurer and Secret | $15,725 | 2019-12-31 |
| ...and 1 more key personnel |
Financials for Semo Electric Cooperative
| Revenues | FYE 12/2020 | FYE 12/2019 | % Change |
|---|
| Total grants, contributions, etc. | $1,283,300 | $0 | 999% |
| Program services | $42,203,903 | $40,993,795 | 3% |
| Investment income and dividends | $49,825 | $63,497 | -21.5% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $-10,700 | $7,349 | -245.6% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $4,655 | $8,228 | -43.4% |
| Miscellaneous revenues | $67,253 | $74,615 | -9.9% |
| Total revenues | $43,598,236 | $41,147,484 | 6% |
Organizations like Semo Electric Cooperative
| Organization | Type | Location | Revenue |
|---|
| Sioux Valley Energy | 501(c)(12) | Colman, SD | $90,418,315 |
| Snapping Shoals EMC | 501(c)(12) | Covington, GA | $194,898,434 |
| Singing River Electric Cooperative | 501(c)(12) | Lucedale, MS | $162,514,293 |
| Central Georgia Electric Membership Corporation | 501(c)(12) | Jackson, GA | $125,023,102 |
| Attn Andy Hardy CFO | 501(c)(12) | Dunn, NC | $105,392,697 |
| Habersham Electric Membership Corporation | 501(c)(12) | Clarkesville, GA | $70,636,080 |
| Beauregard Electric Cooperative | 501(c)(12) | Deridder, LA | $108,550,782 |
| Southwest Mississippi Electric Power Association | 501(c)(12) | Lorman, MS | $58,246,360 |
| Washington-St Tammany Electric Cooperative 1570 | 501(c)(12) | Franklinton, LA | $97,380,073 |
| Nodak Electric Cooperative | 501(c)(12) | Grand Forks, ND | $119,843,322 |
Data update history
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
April 28, 2021
Posted financials
Added Form 990 for fiscal year 2018
February 5, 2021
Updated personnel
Identified 1 new personnel
October 2, 2020
Posted financials
Added Form 990 for fiscal year 2017
January 30, 2020
Updated personnel
Identified 1 new personnel
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
Receives government funding
General information
- Address
- PO Box 520
- Sikeston, MO 63801
- County
- Scott County, MO
- Website URL
- gosemo.com/
- Phone
- (573) 471-5821
IRS details
- EIN
- 43-0510025
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1938
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W80: Public Utilities
- NAICS code, primary
- 2211: Electric Power Generation, Transmission, and Distribution Establishments
- Parent/child status
- Central organization
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