Nonprofit · EIN 31-4112933
ADAMS RURAL ELECTRIC COOPERATIVE INC
Tax-exempt · WEST UNION, OH 45693
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $19,903,711 | $19,468,565 | $435,146 | $41,008,036 | $19,004,407 | $22,003,629 |
| December 31, 2023 | 990 | $18,297,373 | $17,059,314 | $1,238,059 | $40,601,363 | $18,273,295 | $22,328,068 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $19,858,380
- Investment income
- $45,331
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,235,211
- Compensation of officers, directors and key employees
- $1,191,143
- Other salaries and wages
- $533,469
- Salaries, compensation and benefits (total)
- $2,251,198
- Professional fundraising fees
- $0
- Legal fees
- $5,010
- Accounting fees
- $20,000
- Depreciation
- $1,408,010
Balance sheet and other
- Total assets, start of year
- $40,601,363
- Total assets, end of year
- $41,008,036
- Total liabilities, end of year
- $19,004,407
- Net assets, end of year
- $22,003,629
- Land, buildings and equipment
- $28,326,797
- Gross receipts
- $19,903,711
- Employees
- 26
- Volunteers
- 0
- Year formed
- 1940
- State of legal domicile
- OH
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 | Other / benefits |
|---|---|---|---|---|
| Steve Hoop | Manager of Operations Highest-paid employee | 42.54 | $124,222 | $108,777 |
| Erika Ackley | General Manager Officer | 48.69 | $158,284 | $68,724 |
| David Henry | Foreman Highest-paid employee | 45.91 | $121,654 | $62,031 |
| Michael Whitley | Foreman Highest-paid employee | 48.3 | $131,254 | $52,389 |
| Nathan Colvin | Lineman Highest-paid employee | 47.36 | $125,763 | $30,595 |
| Cody Rigdon | Lineman Highest-paid employee | 44.78 | $114,428 | $20,327 |
| Donald McCarty | President Trustee or director, Officer | 5.19 | $11,650 | $6 |
| Stephen Huff | Trustee Trustee or director | 4.15 | $10,900 | $6 |
| Charles Newman | Vice President Trustee or director, Officer | 5.07 | $9,750 | $6 |
| William Seaman | Trustee Trustee or director | 2.14 | $8,400 | $4 |
| Blanchard Campbell | Trustee Trustee or director | 1.37 | $8,100 | $3 |
| Kenneth McCann | Secretary and Treasurer Trustee or director, Officer | 4.62 | $7,950 | $6 |
| David Abbott | Trustee Trustee or director | 1.53 | $6,000 | $6 |
| Milton Dale Grooms | Trustee Trustee or director | 1.09 | $5,100 | $2 |
| William Wylie | Trustee Trustee or director | 1.55 | $4,800 | $6 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Erika Ackley | General Manager Officer | 48.61 | $178,283 | $67,662 |
| Steve Hoop | Manager of Operations Highest-paid employee | 43.5 | $119,036 | $99,883 |
| David Henry | Foreman Highest-paid employee | 46.85 | $115,017 | $51,430 |
| Michael Whitley | Foreman Highest-paid employee | 46.3 | $111,068 | $47,065 |
| Brian Alexander | Lineman Highest-paid employee | 46.08 | $109,184 | $29,463 |
| Zachary Rowe | Lineman Highest-paid employee | 45.71 | $108,277 | $19,554 |
| Kenneth McCann | Secretary and Treasurer Trustee or director, Officer | 4.29 | $11,145 | $6 |
| Stephen Huff | Trustee Trustee or director | 4.86 | $9,895 | $6 |
| Charles Newman | Vice President Trustee or director, Officer | 5.88 | $9,650 | $6 |
| Blanchard Campbell | Trustee Trustee or director | 4.39 | $9,600 | $3 |
| William Seaman | Trustee Trustee or director | 3.36 | $8,770 | $4 |
| Donald McCarty | President Trustee or director, Officer | 4.93 | $8,245 | $6 |
| David Abbott | Trustee Trustee or director | 1.88 | $4,800 | $6 |
| William Wylie | Trustee Trustee or director | 1.5 | $4,500 | $6 |
| Milton Dale Grooms | Trustee Trustee or director | 1.51 | $4,500 | $2 |
Address and contacts
- Address (IRS master file)
- PO BOX 247, WEST UNION, OH 45693-0247
- In care of
- % ERIKA J ACKLEY
- Principal officer (990 for 2024)
- Erika J Ackley, PO Box 247 4800 State Route 125, West Union, OH 45693
- Signed the 990
- Erika Ackley, General Manager
- Phone
- (937) 544-2305
- Website
- www.adamsrec.com
Mission
The cooperatives mission is to provide electric service to our members at the lowest possible cost.
Program accomplishments
- Sale of electric to the rural area in five counties in southern OhioExpenses $19,468,565 · revenue $19,903,711
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
- 31-4112933
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $41,008,036
- Income (IRS master file)
- $19,903,711
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $19,903,711 | $19,468,565 | $41,008,036 | XML |
| 990 | December 2023 | $18,297,373 | $17,059,314 | $40,601,363 | XML |
| 990 | December 2022 | $18,174,264 | $17,133,285 | $40,215,712 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 31-4112933).
Questions about ADAMS RURAL ELECTRIC COOPERATIVE INC
- What is the EIN of ADAMS RURAL ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of ADAMS RURAL ELECTRIC COOPERATIVE INC is 31-4112933.
- Is ADAMS RURAL ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1944.
- Are donations to ADAMS RURAL ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ADAMS RURAL ELECTRIC COOPERATIVE INC 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 ADAMS RURAL ELECTRIC COOPERATIVE INC 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 ADAMS RURAL ELECTRIC COOPERATIVE INC 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 ADAMS RURAL ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names Erika J Ackley.
- Who are the officers and directors of ADAMS RURAL ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 15 received compensation from the organization, the highest $124,222 (Steve Hoop, Manager of Operations).
- How much revenue does ADAMS RURAL ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $19,903,711, expenses of $19,468,565 and total assets of $41,008,036 at year end.
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- ADAMS COUNTY AGRICULTURAL SOCIETY EIN 31-4443400 · last filed 990 for 2024
- BISCHOFF FOUNDATION INC EIN 92-3003537 · last filed 990 for 2024
- TESTAMENTARY TRUST UNDER WILL OF JAY R PURDY EIN 83-6136945 · last filed 990-PF for 2025
- INTER FAITH ASSISTANCE ASSOCIATION INC EIN 31-1063424 · last filed 990-EZ for 2025
- ADAMS COUNTY SHELTER FOR THE HOMELESS INC EIN 31-1408111 · last filed 990-EZ for 2025