2026-04-24T13:39:50-05:00 2025-12-31 821349697 Dennis G Koch & Associates LLC PO Box 1007 Quincy IL 623061007 990 2025-01-01 430188985 Boone Electric Cooperative BOON 5734494181 PO Box 797 Columbia MO 652050797 Todd Culley General Manager 5734494181 2026-04-22 1 Dennis G Koch P01210686 2172248484 2026-04-22 X 2025 2025-03-06 01:10:19Z Todd Culley 1413 Rangeline St Columbia MO 65201 81107870 0 X www.booneelectric.coop X 1936 MO To provide electricity to our cooperative members 9 9 104 0 0 0 0 0 76081293 80923551 302003 180026 0 0 76383296 81103577 58675 227663 2747096 3316916 984516 1069280 0 0 0 68805233 71788213 72595520 76402072 3787776 4701505 224112212 230016251 128362573 129565107 95749639 100451144 The mission of Boone Electric Cooperative is to be responsive to our members' needs by providing a dependable supply of electric energy and other services at the lowest possible cost consistent with sound business practices and cooperative principles. 0 0 76402072 227663 81103577 Retail sale of electricity to members, owners and consumers 76402072 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 30 0 1 104 1 0 0 0 0 0 79562036 1541541 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X The Organization 5734494181 PO Box 797 Columbia MO 652050797 Todd Culley CEO 50.00 X 437369 0 205637 Vicki Kemna Assistant Manager 50.00 X 257740 0 193965 Ryan Euliss CFO/Manager of Finance 50.00 X 224363 0 132906 Andrew Petri Manager of Engineering and 42.00 X 218810 0 128189 James Goodnight Operations Manager 42.00 X 204140 0 157904 Laura Baker Mgr Member Svcs 45.00 X 180682 0 138947 Paul Karsten Journeyman Lineman 53.00 X 157909 0 43442 Travis Meyers Line Foreman 47.00 X 151772 0 45909 Scott Douglas System Engineer 40.00 X 143671 0 32312 Scott Thieret Mgr Env Health/Safety 40.00 X 142549 0 53842 Jacob Mebruer Lead Lineman 46.00 X 141751 0 34318 Adams Bauer Line Foreman 45.00 X 139933 0 36021 James Flenoid II IT Supervisor 40.00 X 138757 0 105863 Darin Schnarre Director 2.00 X 50077 0 0 Caroline Andriano Director 3.00 X 48539 0 0 John Bullard Treasurer 3.00 X X 35618 0 0 Andrew Stanton Director 4.00 X 32447 0 0 Kimberly Ponder President 10.00 X X 24582 0 0 Michelle Motley Secretary 5.00 X X 15262 0 0 Wayne Wilcox Vice President 5.00 X X 13563 0 0 Joel Bullard Director 10.00 X 13450 0 0 Teresa Voeller Director 5.00 X 11119 0 0 Frank Glenn Director 6.00 X 6725 0 0 2790828 0 1309255 46 0 1 0 Vegetation Management & Control LLC 10651 E Kroeger Rd Centralia MO 65240 ROW Clearing 931100 NISC 1 Innovation Circle Lake St Louis MO 63367 Software 563499 Hentges Tree Service Inc 5905 Old Lohman Rd Jefferson City MO 65109 ROW Clearing 549463 APEX ROW LLC 911 Highway 65 N Marshall AR 72650 ROW Clearing 139810 Anixter Inc 13312 Lakefront Dr Earth City MO 63045 Power Solutions 131962 10 Sales of Energy 221000 75766041 75766041 Capital Credits 221000 4364116 4364116 Other Electric Revenues 221000 727659 727659 Merchandising 221000 59667 59667 Non-Operating 221000 6068 6068 80923551 179169 179169 5150 4293 857 857 857 81103577 81103577 0 0 227663 227663 3316916 3316916 1069280 1069280 5059948 5059948 7442318 7442318 Cost of Purchased Power 40749999 40749999 Distribution Exp-Mainte 5393193 5393193 Distribution Exp-Operat 4941044 4941044 Administrative and Gene 4661345 4661345 3540366 3540366 76402072 76402072 0 0 4430139 5865526 6547341 6989197 3625920 3080143 155450 192922 234588561 65233534 168006423 169355027 41346939 44533436 224112212 230016251 9232193 9998408 117981123 118267332 1149257 1299367 128362573 129565107 X 0 0 0 0 95749639 100451144 95749639 100451144 224112212 230016251 4701505 0 X 0 1 X 1 0 5066310 5066310 32734332 4669940 28064392 196787919 60563594 136224325 169355027 Boone Electric Supply Company 276 C Boone Electric Satellite Systems Inc 2257037 C A Prime LLC 8306 C NRUCFC - Capital Term Certificates 1358582 C Patronage Capital - Associated Orgs 40909235 C 44533436 RUS Discount 26668 Customer Deposits 1272699 1299367 81103577 0 81103577 0 81103577 72857493 0 72857493 3544579 3544579 76402072 Part XII, Line 4b - Other Adjustments: Capital Credits Retired, reported as amounts paid to members on Form 990 3,316,916. Capital Credits donated to Boone Electric Community Trust, Reported as Grant 227,663. 1 Boone Electric Community Trust PO Box 797 Columbia MO 652050797 431790785 501(c)(3) 227663 0 To provide grants for economic, youth, rural development, education, health and research Part I, Line 2: The Cooperative grants unclaimed capital credits to the Boone Electric Community Trust. The Trust has a separate board of trustees who monitor and select the recipients within the Cooperative's service area. Reports are available to the Cooperative and a member of the Cooperative's management team sits on the Trust's board. 1 X 0 0 0 Todd Culley CEO 372732 0 58239 0 6398 0 180152 0 25485 0 643006 0 0 0 Vicki Kemna Assistant Manager 237012 0 7256 0 13472 0 169597 0 24368 0 451705 0 0 0 Ryan Euliss CFO/Manager of Finance 205886 0 6313 0 12164 0 118537 0 14369 0 357269 0 0 0 Andrew Petri Manager of Engineering and 201645 0 6250 0 10915 0 101770 0 26419 0 346999 0 0 0 James Goodnight Operations Manager 185174 0 6123 0 12843 0 130991 0 26913 0 362044 0 0 0 Laura Baker Mgr Member Svcs 165158 0 5948 0 9576 0 108161 0 30786 0 319629 0 0 0 Paul Karsten Journeyman Lineman 137806 0 19198 0 905 0 10560 0 32882 0 201351 0 0 0 Travis Meyers Line Foreman 136383 0 14454 0 935 0 15893 0 30016 0 197681 0 0 0 Scott Douglas System Engineer 139377 0 3048 0 1246 0 14026 0 18286 0 175983 0 0 0 Scott Thieret Mgr Env Health/Safety 126615 0 5630 0 10304 0 30748 0 23094 0 196391 0 0 0 Jacob Mebruer Lead Lineman 125340 0 14762 0 1649 0 5532 0 28786 0 176069 0 0 0 Adams Bauer Line Foreman 129749 0 9320 0 864 0 5908 0 30113 0 175954 0 0 0 James Flenoid II IT Supervisor 132905 0 3158 0 2694 0 81137 0 24726 0 244620 0 0 0 Part I, Line 3 The Board of directors approves the salary of the CEO annually, based on market conditions and information about other electric cooperatives of similar size. Form 990, Part VI, Section A, line 6 All of the Cooperative customers are members of the cooperative Form 990, Part VI, Section A, line 7a Members of the Cooperative meet at an annual meeting to vote on the board of directors and any changes to the bylaws of the Cooperative Form 990, Part VI, Section A, line 7b Cooperative member/consumers meet at an annual meeting to vote on proposed changes to the bylaws Form 990, Part VI, Section B, line 11b Copies of Federal Form 990 are reviewed by the Board of Directors and formally approved before the return is filed. Form 990, Part VI, Section B, line 12c The organization requires an annual declaration by board members with notification of any change of status during the year. The Cooperative monitors compliance with the policy. Form 990, Part VI, Section B, line 15 Compensation of the Organization's CEO is determined by the Board of Directors based on performance and comparability studies of similar organizations and documented in the minutes of the executive session of the board meetings. Form 990, Part VI, Section C, line 18 Information is available upon request Form 990, Part VI, Section C, line 19 Information on the Cooperative's governing documents are provided to all members and are available upon request from the Cooperative Boone Electric Satellite Systems Inc 1413 Rangeline St Columbia MO 65201 431455156 Satellite Sales MO C 79363 2283951 1.00000 0 Boone Electric Service Company 1413 Rangeline St Columbia MO 65201 431436074 Service Company MO C 405 1.00000 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 Boone Electric Satellite Systems Inc J 6000 Cost Boone Electric Satellite Systems Inc Q 19658 Cost Boone Electric Satellite Systems Inc N Schedule R, Part V, Question 1 & 2, (n) Boone Electric Cooperative (Cooperative) collects payments for services provided by Boone Electric Satellite Systems, Inc. (Systems). Collections are remitted to Systems on a daily basis. In addition, the Cooperative provides employee labor, facilities use, accounting and record keeping, and other asministrative services to Systems. Systems reimburses the Cooperative for these services on a monthly basis, based on actual cost.