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Employer Identification Number 37-0512347

SHELBY ELECTRIC COOPERATIVE is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:SHELBY ELECTRIC COOPERATIVE
Employer identification number (EIN):37-0512347
EIN Issuing AuthorityCincinnati, OH
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTO PROVIDE RELIABLE ELECTRIC AND BROADBAND INTERNET SERVICE TO OUR CONSUMER/MEMBERS
Number of Employees58
Number of Volunteers0
Year Formed1938

Organization Governance

Legal DomicileIL
Voting Members - Governing Body7
Voting Members - Independent7

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 682,396
Program Service Revenue from prior yearUSD $ 35,294,337
Program Service Revenue from current yearUSD $ 36,265,354
Investment Income from prior yearUSD $ 81,256
Investment Income from current yearUSD $ 119,270
Other Revenue from prior yearUSD $ 1,175,234
Other Revenue from current yearUSD $ 2,048,750
Gross receipts from all sourcesUSD $ 38,470,429
Net assets / fund balances at end of fiscal yearUSD $ 51,897,354
Net assets / fund balances at beginning of fiscal yearUSD $ 48,489,775
Total liabilities at end of fiscal yearUSD $ 30,685,582
Total liabilities at beginning of fiscal yearUSD $ 28,451,627
Total assets at end of fiscal yearUSD $ 82,582,936
Total assets at beginning of fiscal yearUSD $ 76,941,402
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 38,433,374
Total expenses for previous yearUSD $ 36,550,827
Other expenses in current yearUSD $ 33,499,507
Other expenses in previous yearUSD $ 31,890,685
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,305,203
Employee salary and benefits paid in previous yearUSD $ 1,267,926
Benefits paid to or for members in current yearUSD $ 3,618,664
Benefits paid to or for members in previous yearUSD $ 3,368,716
Grants and similar amounts paid in current yearUSD $ 10,000
Grants and similar amounts paid in previous yearUSD $ 23,500
Total revenue in current fiscal yearUSD $ 38,433,374
Total revenue in previous fiscal yearUSD $ 36,550,827
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 1,975,200
2021-12-31
Total unrelated business incomeUSD $ 579,471
Program Service Revenue from prior yearUSD $ 34,950,245
Program Service Revenue from current yearUSD $ 35,294,337
Investment Income from prior yearUSD $ 115,958
Investment Income from current yearUSD $ 81,256
Other Revenue from prior yearUSD $ 1,208,713
Other Revenue from current yearUSD $ 1,175,234
Gross receipts from all sourcesUSD $ 36,586,768
Net assets / fund balances at end of fiscal yearUSD $ 48,489,775
Net assets / fund balances at beginning of fiscal yearUSD $ 45,579,152
Total liabilities at end of fiscal yearUSD $ 28,451,627
Total liabilities at beginning of fiscal yearUSD $ 30,900,902
Total assets at end of fiscal yearUSD $ 76,941,402
Total assets at beginning of fiscal yearUSD $ 76,480,054
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 36,550,827
Total expenses for previous yearUSD $ 37,473,892
Other expenses in current yearUSD $ 31,890,685
Other expenses in previous yearUSD $ 30,695,963
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,267,926
Employee salary and benefits paid in previous yearUSD $ 1,642,438
Benefits paid to or for members in current yearUSD $ 3,368,716
Benefits paid to or for members in previous yearUSD $ 5,113,991
Grants and similar amounts paid in current yearUSD $ 23,500
Grants and similar amounts paid in previous yearUSD $ 21,500
Total revenue in current fiscal yearUSD $ 36,550,827
Total revenue in previous fiscal yearUSD $ 37,473,892
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 1,198,976
Total of other revenueUSD $ 1,109,804
2020-12-31
Total unrelated business incomeUSD $ 539,275
Program Service Revenue from prior yearUSD $ 35,891,754
Program Service Revenue from current yearUSD $ 34,950,245
Investment Income from prior yearUSD $ 248,176
Investment Income from current yearUSD $ 115,958
Other Revenue from prior yearUSD $ 1,209,774
Other Revenue from current yearUSD $ 1,208,713
Gross receipts from all sourcesUSD $ 37,504,761
Net assets / fund balances at end of fiscal yearUSD $ 45,579,152
Net assets / fund balances at beginning of fiscal yearUSD $ 40,638,513
Total liabilities at end of fiscal yearUSD $ 30,900,902
Total liabilities at beginning of fiscal yearUSD $ 33,376,363
Total assets at end of fiscal yearUSD $ 76,480,054
Total assets at beginning of fiscal yearUSD $ 74,014,876
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 37,473,892
Total expenses for previous yearUSD $ 37,349,704
Other expenses in current yearUSD $ 30,695,963
Other expenses in previous yearUSD $ 33,196,189
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,642,438
Employee salary and benefits paid in previous yearUSD $ 569,099
Benefits paid to or for members in current yearUSD $ 5,113,991
Benefits paid to or for members in previous yearUSD $ 3,573,916
Grants and similar amounts paid in current yearUSD $ 21,500
Grants and similar amounts paid in previous yearUSD $ 10,500
Total revenue in current fiscal yearUSD $ 37,473,892
Total revenue in previous fiscal yearUSD $ 37,349,704
Contributions and grants from current yearUSD $ 1,198,976
Total of other revenueUSD $ 1,140,645
2019-12-31
Total unrelated business incomeUSD $ 564,123
Net unrelated business incomeUSD $ 3,244
Program Service Revenue from prior yearUSD $ 37,681,934
Program Service Revenue from current yearUSD $ 35,891,754
Investment Income from prior yearUSD $ 107,062
Investment Income from current yearUSD $ 248,176
Other Revenue from prior yearUSD $ 645,604
Other Revenue from current yearUSD $ 1,209,774
Gross receipts from all sourcesUSD $ 37,385,310
Net assets / fund balances at end of fiscal yearUSD $ 40,638,513
Net assets / fund balances at beginning of fiscal yearUSD $ 37,056,761
Total liabilities at end of fiscal yearUSD $ 33,376,363
Total liabilities at beginning of fiscal yearUSD $ 33,496,283
Total assets at end of fiscal yearUSD $ 74,014,876
Total assets at beginning of fiscal yearUSD $ 70,553,044
Revenues less expenses for current yearUSD $ 0
Revenues less expenses for previous yearUSD $ 1,722,312
Total expenses for current yearUSD $ 37,349,704
Total expenses for previous yearUSD $ 36,712,288
Other expenses in current yearUSD $ 33,196,189
Other expenses in previous yearUSD $ 34,798,074
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 569,099
Employee salary and benefits paid in previous yearUSD $ 566,039
Benefits paid to or for members in current yearUSD $ 3,573,916
Benefits paid to or for members in previous yearUSD $ 1,329,193
Grants and similar amounts paid in current yearUSD $ 10,500
Grants and similar amounts paid in previous yearUSD $ 18,982
Total revenue in current fiscal yearUSD $ 37,349,704
Total revenue in previous fiscal yearUSD $ 38,434,600
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 1,156,548
2018-12-31
Total unrelated business incomeUSD $ 551,653
Net unrelated business incomeUSD $ -3,221
Program Service Revenue from prior yearUSD $ 36,566,745
Program Service Revenue from current yearUSD $ 37,681,934
Investment Income from prior yearUSD $ 41,530
Investment Income from current yearUSD $ 107,062
Other Revenue from prior yearUSD $ -26,592
Other Revenue from current yearUSD $ 645,604
Gross receipts from all sourcesUSD $ 38,482,141
Net assets / fund balances at end of fiscal yearUSD $ 37,056,761
Net assets / fund balances at beginning of fiscal yearUSD $ 34,079,291
Total liabilities at end of fiscal yearUSD $ 33,496,283
Total liabilities at beginning of fiscal yearUSD $ 34,456,775
Total assets at end of fiscal yearUSD $ 70,553,044
Total assets at beginning of fiscal yearUSD $ 68,536,066
Revenues less expenses for current yearUSD $ 1,722,312
Revenues less expenses for previous yearUSD $ 3,302,035
Total expenses for current yearUSD $ 36,712,288
Total expenses for previous yearUSD $ 33,279,648
Other expenses in current yearUSD $ 34,798,074
Other expenses in previous yearUSD $ 29,627,880
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 566,039
Employee salary and benefits paid in previous yearUSD $ 3,492,322
Benefits paid to or for members in current yearUSD $ 1,329,193
Benefits paid to or for members in previous yearUSD $ 136,819
Grants and similar amounts paid in current yearUSD $ 18,982
Grants and similar amounts paid in previous yearUSD $ 22,627
Total revenue in current fiscal yearUSD $ 38,434,600
Total revenue in previous fiscal yearUSD $ 36,581,683
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 596,378
2017-12-31
Total unrelated business incomeUSD $ -59,126
Net unrelated business incomeUSD $ -9,447
Program Service Revenue from prior yearUSD $ 35,860,454
Program Service Revenue from current yearUSD $ 36,566,745
Investment Income from prior yearUSD $ 22,766
Investment Income from current yearUSD $ 41,530
Other Revenue from prior yearUSD $ 32,946
Other Revenue from current yearUSD $ -26,592
Gross receipts from all sourcesUSD $ 36,637,948
Net assets / fund balances at end of fiscal yearUSD $ 34,079,291
Net assets / fund balances at beginning of fiscal yearUSD $ 30,745,842
Total liabilities at end of fiscal yearUSD $ 34,456,775
Total liabilities at beginning of fiscal yearUSD $ 36,946,817
Total assets at end of fiscal yearUSD $ 68,536,066
Total assets at beginning of fiscal yearUSD $ 67,692,659
Revenues less expenses for current yearUSD $ 3,302,035
Revenues less expenses for previous yearUSD $ 2,722,833
Total expenses for current yearUSD $ 33,279,648
Total expenses for previous yearUSD $ 33,193,333
Other expenses in current yearUSD $ 29,627,880
Other expenses in previous yearUSD $ 29,805,016
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,492,322
Employee salary and benefits paid in previous yearUSD $ 3,230,552
Benefits paid to or for members in current yearUSD $ 136,819
Benefits paid to or for members in previous yearUSD $ 118,724
Grants and similar amounts paid in current yearUSD $ 22,627
Grants and similar amounts paid in previous yearUSD $ 39,041
Total revenue in current fiscal yearUSD $ 36,581,683
Total revenue in previous fiscal yearUSD $ 35,916,166
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ -58,955
2016-12-31
Total unrelated business incomeUSD $ 596
Program Service Revenue from prior yearUSD $ 35,721,265
Program Service Revenue from current yearUSD $ 35,860,454
Investment Income from prior yearUSD $ 18,153
Investment Income from current yearUSD $ 22,766
Other Revenue from prior yearUSD $ 36,628
Other Revenue from current yearUSD $ 32,946
Gross receipts from all sourcesUSD $ 35,976,227
Net assets / fund balances at end of fiscal yearUSD $ 30,745,842
Net assets / fund balances at beginning of fiscal yearUSD $ 27,872,321
Total liabilities at end of fiscal yearUSD $ 36,946,817
Total liabilities at beginning of fiscal yearUSD $ 37,244,532
Total assets at end of fiscal yearUSD $ 67,692,659
Total assets at beginning of fiscal yearUSD $ 65,116,853
Revenues less expenses for current yearUSD $ 2,722,833
Revenues less expenses for previous yearUSD $ 3,098,875
Total expenses for current yearUSD $ 33,193,333
Total expenses for previous yearUSD $ 32,677,171
Other expenses in current yearUSD $ 29,805,016
Other expenses in previous yearUSD $ 29,494,260
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,230,552
Employee salary and benefits paid in previous yearUSD $ 3,046,248
Benefits paid to or for members in current yearUSD $ 118,724
Benefits paid to or for members in previous yearUSD $ 118,724
Grants and similar amounts paid in current yearUSD $ 39,041
Grants and similar amounts paid in previous yearUSD $ 17,939
Total revenue in current fiscal yearUSD $ 35,916,166
Total revenue in previous fiscal yearUSD $ 35,776,046
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 596
2015-12-31
Total unrelated business incomeUSD $ -6,218
Program Service Revenue from prior yearUSD $ 34,945,731
Program Service Revenue from current yearUSD $ 35,721,265
Investment Income from prior yearUSD $ 29,217
Investment Income from current yearUSD $ 18,153
Other Revenue from prior yearUSD $ 1,096,790
Other Revenue from current yearUSD $ 36,628
Gross receipts from all sourcesUSD $ 35,831,168
Net assets / fund balances at end of fiscal yearUSD $ 27,872,321
Net assets / fund balances at beginning of fiscal yearUSD $ 24,755,422
Total liabilities at end of fiscal yearUSD $ 37,244,532
Total liabilities at beginning of fiscal yearUSD $ 37,495,722
Total assets at end of fiscal yearUSD $ 65,116,853
Total assets at beginning of fiscal yearUSD $ 62,251,144
Revenues less expenses for current yearUSD $ 3,098,875
Revenues less expenses for previous yearUSD $ 2,703,997
Total expenses for current yearUSD $ 32,677,171
Total expenses for previous yearUSD $ 33,367,741
Other expenses in current yearUSD $ 29,494,260
Other expenses in previous yearUSD $ 29,970,276
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,046,248
Employee salary and benefits paid in previous yearUSD $ 3,397,465
Benefits paid to or for members in current yearUSD $ 118,724
Grants and similar amounts paid in current yearUSD $ 17,939
Total revenue in current fiscal yearUSD $ 35,776,046
Total revenue in previous fiscal yearUSD $ 36,071,738
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ -6,218

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 370512347

USA Mailing Address
P O BOX 560
SHELBYVILLE
IL
62565
Date first seen: 2007-01-01
Date last seen: 2023-12-31

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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