Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1939.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
17 people listed on the 990; $946K paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Richard Fowler | — | — | — | $238,038 | $231,513 |
| Amber Overfelt | $158,748 | $148,312 | $140,334 | $107,988 | $93,574 |
| Emily Bange | $131,957 | $121,846 | $100,354 | — | — |
| Brandon Lightfoot | $130,311 | $120,387 | $120,849 | $114,717 | — |
| Chad Westhues | $124,349 | $112,181 | $104,792 | $105,231 | $104,265 |
| Spencer Duran | $121,531 | — | — | — | — |
| Kyle Allinson | $117,970 | $109,687 | — | $101,857 | — |
| Dustin Drew | $117,608 | — | — | — | — |
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
Delivers safe, affordable, and clean electric power to member-owners.
Questions for Howard Electric Cooperative
Your first name shows with your question. Howard Electric Cooperative answers here, for everyone.
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Providing electric energy to the members of the cooperative
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.8M | $2.6M |
| InvestmentsLn 11–13 | $3.8M | $3.9M |
| Land, buildings, equipmentLn 10c | $22.4M | $23.5M |
| Total assetsLn 16 | $31.3M | $31.5M |
| LiabilitiesLn 26 | $17.9M | $17.0M |
| Net assetsLn 32 | $13.4M | $14.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Benefits paid to or for membersLn 4 | $232K | $232K | ||
| Pay of current officers, directors and key staffLn 5 | $448K | $448K | ||
| InterestLn 20 | $497K | $497K | ||
| Depreciation, depletion and amortizationLn 22 | $958K | $958K | ||
| Other expenses (24a–d)Ln 24 | $6.1M | $6.1M | ||
| All other expensesLn 24e | $494K | $494K | ||
| Total functional expensesLn 25 | $8.8M | $8.8M | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $9.5M | $8.8M | $692K | $14.5M | 990 PDF |
| FY2023 | $8.9M | $8.1M | $836K | $13.4M | 990 PDF |
| FY2022 | $8.1M | $8.0M | $151K | $12.5M | 990 PDF |
| FY2021 | $7.8M | $7.8M | $56K | $12.1M | 990 PDF |
| FY2020 | $7.9M | $7.7M | $176K | $12.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $9,465,174 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 1 to look at
Part VIII · Statement of revenue $9,465,174 across 4 lines filed
Part IX · Statement of functional expenses $8,773,473 across 6 lines filed
Part X · Balance sheet $31,527,993 assets, 14 lines filed
Part XI · Reconciliation of net assets $14,497,543 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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