Midstate Electric Cooperative INC

Not tax-deductible

La Pine, ORMutual-benefit / member-servingSince 1948EIN 93-0389023Revenue $50.1M in FY2025

On file with the IRSmidstateelectric.coop16755 Finley Butte Rd, 97739-8884 · La Pine, ORTax-exempt since Feb 1955

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Midstate Electric Cooperative provides cost-effective reliable utility services to its members.

$2.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.3M
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$73.3M
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$50.1M
+12% vs prior year
Spent
$50.1M
To programs
0%
Net assets
$42.8M
By yearFY2020–FY2025
Revenue
$50.1M
FY2025▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$35.4M
FY2021$36.6M
FY2022$38.5M
FY2023$40.2M
FY2024$44.7M
FY2025$50.1M
Expenses
$50.1M
FY2025▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$35.4M
FY2021$36.6M
FY2022$38.5M
FY2023$40.2M
FY2024$44.7M
FY2025$50.1M
Net assets
$42.8M
FY2025▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2020$31.2M
FY2021$33.6M
FY2022$33.8M
FY2023$34.4M
FY2024$38.6M
FY2025$42.8M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1955.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

18 people listed on the 990; $2.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
General Manager
$379,487Pt VII · Sec A
Working Foreman Area Coordinator
$277,209Pt VII · Sec A
Assistant General Manager
$220,293Pt VII · Sec A
Accounting Manager
$211,065Pt VII · Sec A
Engineering Manager
$206,917Pt VII · Sec A
Information Services Manager
$206,311Pt VII · Sec A
Operations Manager
$202,074Pt VII · Sec A
$195,922Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
James Anderson$379,487$336,373$304,026$254,387$108,193—
David W Schneider————$226,807$299,300
Pat Barker$277,209$259,640$240,763$213,185$179,822$177,383
Sina Streeter$220,293——$161,788——
Tyler Graff—$213,549$199,934$162,240——
Jami Steinhauer$211,065$190,738$181,672$173,968$151,225$146,333
Tom Weller$206,917$191,505$183,492$181,378$152,332$146,440
James Powers$206,311$179,439—$160,669——

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

Provides electricity to its members.

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2 programs · in their own filed words · FY2025
01

Distribution of Electricity to Members

18,214 members

Pt IX · col B
02

Bpa Weatherization Programs

29 jobs completed

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$50.1M
Ln 12
Fees for servicesLn 2g$49.3M
Other incomeLn 4–11$522K
Investment incomeLn 3$291K
Money outPt IX
$50.1M
Ln 25
Owns and owesPt X
$42.8M
net assets · Ln 32
Cash and savingsLn 1–2$771K
Total assetsLn 16$116.1M
LiabilitiesLn 26$73.3M
PeoplePt VI, VII
18
listed · VII A
PaidVII A18
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$49.3M
Investment incomeLn 3$291K
Other incomeLn 4–11$522K
Gains on assetsLn 7$49K
Total revenueLn 12$50.1M
Assets in detailPt X, end of year
CashLn 1$328K
SavingsLn 2$443K
Cash and savings togetherLn 1–2$771K
InvestmentsLn 11–13$2.7M
Land, buildings, equipmentLn 10c$100.0M
Total assetsLn 16$116.1M
LiabilitiesLn 26$73.3M
Net assetsLn 32$42.8M
OperationsPt I, VI
EmployeesI 571
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.3M$771K
InvestmentsLn 11–13$2.7M$2.7M
Land, buildings, equipmentLn 10c$94.4M$100.0M
Total assetsLn 16$111.1M$116.1M
LiabilitiesLn 26$72.5M$73.3M
Net assetsLn 32$38.6M$42.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$5.6M
Pay of current officers, directors and key staffLn 5$1.3M
Pay of disqualified personsLn 6$3.9M
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$1.4M
Other employee benefitsLn 9$1.9M
Payroll taxesLn 10$691K
Management feesLn 11a$66K
Legal feesLn 11b$223K
Accounting feesLn 11c$27K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$616K
Advertising and promotionLn 12$714K
Office expensesLn 13$192K
Information technologyLn 14$813K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$97K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$166K
InterestLn 20$3.0M
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$4.2M
InsuranceLn 23$354K
Other expenses (24a–d)Ln 24$22.9M
All other expensesLn 24e$2.0M
Total functional expensesLn 25$50.1M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $50.1M$50.1M$0$42.8M 990 PDF
FY2024 $44.7M$44.7M$0$38.6M 990 PDF
FY2023 $40.2M$40.2M$0$34.4M 990 PDF
FY2022 $38.5M$38.5M$0$33.8M 990 PDF
FY2021 $36.6M$36.6M$0$33.6M 990 PDF
FY2020 $35.4M$35.4M$0$31.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $50,111,672 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $44,401,097$49,298,629
I-10 Investment incomePrior year $218,199$291,024
I-11 Other revenuePrior year $76,732$522,019
I-12 Total revenuePrior year $44,696,028$50,111,672
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $4,554,486$5,551,174
I-15 Salaries and benefitsPrior year $8,026,069$9,111,654
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $32,115,473$35,448,844
I-18 Total expensesPrior year $44,696,028$50,111,672
I-19 Revenue less expensesPrior year $0$0
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $50,111,672 across 15 lines filed
Lines not itemized here account for −$2,198 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $49,259,878 · Unrelated business $38,751 · Excluded from tax $0$49,298,629
VIII-3 Investment incomeRelated to mission $242,509 · Unrelated business $0 · Excluded from tax $0$242,509
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $83,302 · Unrelated business $0 · Excluded from tax $0$83,302
VIII-7 Net gain or loss on sales of assetsRelated to mission $48,515 · Unrelated business $0 · Excluded from tax $0$48,515
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $440,915 · Unrelated business $0 · Excluded from tax $0$440,915
VIII-12 Total revenueRelated to mission $50,072,921 · Unrelated business $38,751 · Excluded from tax $0$50,111,672
Part IX · Statement of functional expenses $50,111,672 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$5,551,174
IX-5 Pay of current officers, directors and key staff$1,262,209
IX-6 Pay of disqualified persons$3,868,057
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$1,403,084
IX-9 Other employee benefits$1,886,903
IX-10 Payroll taxes$691,401
IX-11a Management fees$65,700
IX-11b Legal fees$222,975
IX-11c Accounting fees$26,650
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$615,666
IX-12 Advertising and promotion$714,281
IX-13 Office expenses$191,583
IX-14 Information technology$812,603
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$97,176
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$165,644
IX-20 Interest$2,998,483
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$4,232,727
IX-23 Insurance$353,637
IX-24 Other expenses (24a–d)$22,933,637
IX-24e All other expenses$2,018,082
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$50,111,672
Part X · Balance sheet $116,096,129 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $379,196$327,837
X-2 Savings and temporary cash investmentsStart of year $959,186$443,366
X-4 Accounts receivableStart of year $4,846,155$5,821,988
X-8 Inventories for sale or useStart of year $6,367,009$5,404,177
X-9 Prepaid expenses and deferred chargesStart of year $1,465,510$1,353,774
X-10c Land, buildings and equipment, netStart of year $94,350,401$100,019,927
X-13 Program-related investmentsStart of year $2,727,243$2,725,060
X-16 Total assetsStart of year $111,094,700$116,096,129
X-17 Accounts payable and accrued expensesStart of year $4,512,641$3,508,304
X-25 Other liabilitiesStart of year $5,322,024$5,556,338
X-26 Total liabilitiesStart of year $72,539,550$73,326,396
X-32 Total net assets or fund balancesStart of year $38,555,150$42,769,733
X-33 Total liabilities and net assetsStart of year $111,094,700$116,096,129
Part XI · Reconciliation of net assets $42,769,733 net assets at year end
XI-1 Total revenue$50,111,672
XI-2 Total expenses$50,111,672
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$38,555,150
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$4,214,583
XI-10 Net assets at end of year$42,769,733

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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