Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1942.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
17 people listed on the 990; $1.3M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Matthew Berry CEO | $231,152 | $224,555 | $219,781 | $201,057 | $186,314 |
| Paul Rogers | $177,145 | $167,664 | $158,306 | $149,975 | $148,316 |
| Kevin Schmidt | $159,733 | $149,678 | $143,333 | $138,414 | $139,846 |
| Eric Schaaf | $138,839 | $117,029 | $119,161 | — | — |
| Travis Russell | $135,553 | — | $117,006 | $105,236 | — |
| Greg Grieves | $131,949 | — | — | — | — |
| Julie Marchal | $131,678 | $119,325 | — | — | — |
| William Russell | $129,546 | — | — | $107,196 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Buys and delivers electricity to rural Ohio members.
Questions for Midwest Electric INC
Your first name shows with your question. Midwest Electric INC answers here, for everyone.
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Cooperative providing electricity to rural customers on a non-profit basis to over 11,200 meters and ensuring effective delivery of the same. All of the meters are located in rural west-central ohio.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.7M | $2.8M |
| Land, buildings, equipmentLn 10c | $46.4M | $47.3M |
| Total assetsLn 16 | $73.0M | $75.3M |
| LiabilitiesLn 26 | $38.8M | $38.9M |
| Net assetsLn 32 | $34.2M | $36.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $35K | |||
| Grants to domestic individualsLn 2 | $57K | |||
| Benefits paid to or for membersLn 4 | $1.3M | |||
| Pay of current officers, directors and key staffLn 5 | $934K | |||
| Other salaries and wagesLn 7 | $2.9M | |||
| Pension plan contributionsLn 8 | $517K | |||
| Other employee benefitsLn 9 | $561K | |||
| Payroll taxesLn 10 | $260K | |||
| Management feesLn 11a | $115K | |||
| Legal feesLn 11b | $46K | |||
| Accounting feesLn 11c | $20K | |||
| Other fees for servicesLn 11g | $880K | |||
| Advertising and promotionLn 12 | $174K | |||
| Office expensesLn 13 | $181K | |||
| Information technologyLn 14 | $418K | |||
| OccupancyLn 16 | $43K | |||
| TravelLn 17 | $39K | |||
| Conferences, conventions and meetingsLn 19 | $171K | |||
| InterestLn 20 | $1.0M | |||
| Depreciation, depletion and amortizationLn 22 | $2.1M | |||
| InsuranceLn 23 | $88K | |||
| Other expenses (24a–d)Ln 24 | $26.0M | |||
| Total functional expensesLn 25 | $37.8M | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $41.3M | $37.8M | $3.5M | $36.4M | 990 PDF |
| FY2023 | $36.5M | $34.2M | $2.3M | $34.2M | 990 PDF |
| FY2022 | $35.6M | $33.9M | $1.6M | $34.0M | 990 PDF |
| FY2021 | $34.4M | $31.3M | $3.0M | $34.3M | 990 PDF |
| FY2020 | $32.4M | $30.7M | $1.8M | $33.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $41,305,310 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, no flags
Part VIII · Statement of revenue $41,305,310 across 6 lines filed
Part IX · Statement of functional expenses $37,771,297 across 22 lines filed
Part X · Balance sheet $75,319,268 assets, 14 lines filed
Part XI · Reconciliation of net assets $36,426,253 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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