Nonprofit · EIN 26-2483511
ELECTRIC COOPERATIVES VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION
Tax-exempt · MONTGOMERY, AL 36117
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $42,852,697 | $40,457,053 | $2,395,644 | $6,803,676 | $5,145,141 | $1,658,535 |
| December 31, 2023 | 990 | $37,105,468 | $38,414,440 | -$1,308,972 | $5,712,776 | $4,862,408 | $850,368 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $42,761,360
- Investment income
- $91,337
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $38,895,542
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $6,529
- Accounting fees
- $27,140
Balance sheet and other
- Total assets, start of year
- $5,712,776
- Total assets, end of year
- $6,803,676
- Total liabilities, end of year
- $5,145,141
- Net assets, end of year
- $1,658,535
- Publicly traded securities
- $2,332,145
- Gross receipts
- $42,852,697
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2008
- State of legal domicile
- AL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KARL RAYBORN | TREASURER Officer | 1 | $0 | $335,539 | $109,091 |
| BRIAN MATNEY | ADMINISTRATOR Officer | 1 | $0 | $187,000 | $63,025 |
| JOHN BARTLEY | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| SCOTT BOBO | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| JON CULLIMORE | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| TIM CULPEPPER | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| GENA HALL | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| JEFF HODGES | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| VINCE JOHNSON | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| DARYL JONES | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| GENE KANIKOVSKY | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| BRITTON LIGHTSEY | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| TERRY MOSELEY | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| MARK PARKER | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| SCOTT SEAY | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY SMITH | TRUSTEE Trustee or director | 0 | $0 |
| TOM STACKHOUSE | TRUSTEE Trustee or director | 0 | $0 |
| LOUIE WARD | TRUSTEE Trustee or director | 0 | $0 |
| SHAWN WALLING | TRUSTEE Trustee or director | 0 | $0 |
| DAVID BAILEY | CHAIRMAN Trustee or director, Officer | 0 | $0 |
| STACEY WHITE | VICE CHAIRMAN Trustee or director, Officer | 0 | $0 |
| BRAD KIMBRO | SECRETARY Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KARL RAYBORN | TREASURER Officer | 1 | $0 | $315,853 | $101,739 |
| BRIAN MATNEY | ADMINISTRATOR Officer | 1 | $0 | $177,700 | $58,721 |
| JOHN BARTLEY | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| SCOTT BOBO | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| JON CULLIMORE | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| TIM CULPEPPER | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| GENA HALL | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| JEFF HODGES | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| VINCE JOHNSON | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| DARYL JONES | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| GENE KANIKOVSKY | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| BRITTON LIGHTSEY | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| TERRY MOSELEY | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| MARK PARKER | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| SCOTT SEAY | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| GARY SMITH | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| TOM STACKHOUSE | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| SHAWN WALLING | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| LOUIE WARD | TRUSTEE Trustee or director | 0 | $0 | $0 | $0 |
| LES MORELAND | CHAIRMAN Trustee or director, Officer | 0 | $0 | $0 | $0 |
| DAVID BAILEY | VICE CHAIRMAN Trustee or director, Officer | 0 | $0 | $0 | $0 |
| STACEY WHITE | SECRETARY Trustee or director, Officer | 0 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 340 TECHNACENTER DR, MONTGOMERY, AL 36117-6031
- In care of
- % KARL RAYBORN
- Principal officer (990 for 2024)
- BRIAN MATNEY, 340 TECHNACENTER DRIVE, MONTGOMERY, AL 36117
- Signed the 990
- BRIAN MATNEY, ADMINISTRATOR
- Phone
- (334) 215-2732
- Return prepared by
- CRI ADVISORS LLC
Mission
COLLECTION OF PARTICIPATING EMPLOYER CONTRIBUTIONS TO FUND HEALTH AND WELFARE PLAN. FUNDS ARE USED TO PAY HEALTH CLAIMS COSTS AND ADMINISTRATIVE EXPENSES OF OPERATION OF THE PLAN.
Program accomplishments
- COLLECTION OF PARTICIPATING EMPLOYER CONTRIBUTIONS TO FUND HEALTH AND WELFARE PLAN. FUNDS ARE USED TO PAY HEALTH CLAIMS COSTS AND ADMINISTRATIVE EXPENSES OF OPERATION OF THE PLAN.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-2483511
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $6,803,676
- Income (IRS master file)
- $42,852,697
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $42,852,697 | $40,457,053 | $6,803,676 | IRS |
| 990 | December 2023 | $37,105,468 | $38,414,440 | $5,712,776 | XML |
| 990 | December 2022 | $33,927,826 | $34,442,300 | $3,537,505 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-2483511).
Questions about ELECTRIC COOPERATIVES VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION
- What is the EIN of ELECTRIC COOPERATIVES VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION?
- The employer identification number (EIN) of ELECTRIC COOPERATIVES VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION is 26-2483511.
- Is ELECTRIC COOPERATIVES VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2010.
- Are donations to ELECTRIC COOPERATIVES VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ELECTRIC COOPERATIVES VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ELECTRIC COOPERATIVES VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ELECTRIC COOPERATIVES VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ELECTRIC COOPERATIVES VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION?
- The 990 for the year ended December 31, 2024 names BRIAN MATNEY.
- Who are the officers and directors of ELECTRIC COOPERATIVES VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 22 people; 0 received compensation from the organization.
- How much revenue does ELECTRIC COOPERATIVES VOLUNTARY EMPLOYEES BENEFICIARY ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $42,852,697, expenses of $40,457,053 and total assets of $6,803,676 at year end.
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