Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1979.
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
13 people listed on the 990; $439K paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Ronald Ray | — | $75,170 | $303,781 | $248,379 | — |
| Richard Tyler | — | — | — | $125,663 | $301,824 |
| Caleb Head | $262,546 | $282,927 | $190,626 | $169,541 | $147,871 |
| Frankie B King | $15,600 | $15,600 | $18,600 | $22,500 | $20,500 |
| Bryan Wood | $15,600 | $17,600 | $18,900 | $15,800 | $13,100 |
| Mark Boyd | $18,000 | $18,400 | $16,100 | $16,300 | $13,100 |
| Trey Teaff | $18,000 | $15,600 | $16,100 | $15,800 | $10,400 |
| Cathy Roberts | $15,600 | $15,600 | $16,100 | $15,800 | $3,800 |
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
Supplies wholesale electricity generation, purchasing, and transmission to member electric cooperatives.
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Costs incurred with providing wholesale electric energy to 6 electric distribution cooperative members who in turn provide electricity to over 165,000 retail members
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $35.0M | $33.6M |
| InvestmentsLn 11–13 | $0 | |
| Land, buildings, equipmentLn 10c | $94.6M | $94.0M |
| Total assetsLn 16 | $303.7M | $294.1M |
| LiabilitiesLn 26 | $176.2M | $162.1M |
| Net assetsLn 32 | $127.5M | $132.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| 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 | $0 | |||
| Pay of current officers, directors and key staffLn 5 | $529K | $529K | ||
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $74K | $74K | ||
| Pension plan contributionsLn 8 | $17K | $17K | ||
| Other employee benefitsLn 9 | $28K | $28K | ||
| Payroll taxesLn 10 | $20K | $20K | ||
| Management feesLn 11a | $0 | |||
| Legal feesLn 11b | $1.7M | $1.7M | ||
| Accounting feesLn 11c | $276K | $276K | ||
| Lobbying feesLn 11d | $0 | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $719K | $719K | ||
| Advertising and promotionLn 12 | $0 | |||
| Office expensesLn 13 | $55K | $55K | ||
| Information technologyLn 14 | $0 | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $52K | $52K | ||
| TravelLn 17 | $26K | $26K | ||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $34K | $34K | ||
| InterestLn 20 | $5.7M | $5.7M | ||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $8.2M | $8.2M | ||
| InsuranceLn 23 | $193K | $193K | ||
| Other expenses (24a–d)Ln 24 | $211.4M | $211.4M | ||
| All other expensesLn 24e | $5.4M | $5.4M | ||
| Total functional expensesLn 25 | $234.5M | $234.5M | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $239.1M | $234.5M | $4.6M | $132.0M | 990 PDF |
| FY2023 | $237.9M | $234.7M | $3.2M | $127.5M | 990 PDF |
| FY2022 | $309.8M | $307.1M | $2.7M | $125.5M | 990 PDF |
| FY2021 | $288.7M | $286.0M | $2.7M | $122.8M | 990 PDF |
| FY2020 | $213.4M | $210.0M | $3.3M | $120.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $239,053,261 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, no flags
Part VIII · Statement of revenue $239,053,261 across 8 lines filed
Part IX · Statement of functional expenses $234,478,090 across 31 lines filed
Part X · Balance sheet $294,120,365 assets, 18 lines filed
Part XI · Reconciliation of net assets $132,049,105 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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