Nonprofit · EIN 36-1284865
JO-CARROL ENERGY INC NFP
Tax-exempt · ELIZABETH, IL 61028
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $70,269,716 | $70,244,003 | $25,713 | $231,718,768 | $188,638,914 | $43,079,854 |
| December 31, 2023 | 990 | $66,110,466 | $65,931,967 | $178,499 | $189,072,042 | $146,668,105 | $42,403,937 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $69,776,688
- Investment income
- $26,683
- Net gain from sales of assets
- $3,946
- Other revenue
- $466,345
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,363,737
- Compensation of officers, directors and key employees
- $1,478,413
- Other salaries and wages
- $9,982,025
- Salaries, compensation and benefits (total)
- $16,358,038
- Professional fundraising fees
- $0
- Legal fees
- $110,786
- Accounting fees
- $76,058
- Occupancy
- $803,648
- Travel
- $158,534
- Depreciation
- $5,868,234
Balance sheet and other
- Total assets, start of year
- $189,072,042
- Total assets, end of year
- $231,718,768
- Total liabilities, end of year
- $188,638,914
- Net assets, end of year
- $43,079,854
- Land, buildings and equipment
- $169,170,669
- Gross unrelated business income
- $622,167
- Gross receipts
- $70,274,739
- Employees
- 156
- Volunteers
- 0
- Year formed
- 1939
- State of legal domicile
- IL
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 |
|---|---|---|---|---|
| MICHAEL CASPER | PRESIDENT & CEO Officer | 40 | $373,979 | $98,343 |
| KYLE J BUROS | SR. VP & COO Key employee | 40 | $222,282 | $63,796 |
| CHARLES WOODS | VICE PRESIDENT & CFO Officer | 40 | $196,796 | $59,539 |
| TERRY E KURT | GENERAL COUNSEL Highest-paid employee | 40 | $189,878 | $57,793 |
| BRADLEY J EDLER | DIRECTOR OF UTILITY OPERATIONS Key employee | 40 | $176,295 | $52,328 |
| BRANDON L SEBENA | DIRECTOR OF UTILITY OPERATIONS Highest-paid employee | 40 | $174,713 | $52,360 |
| JESSE ANN SHEKLETON | DIRECTOR OF BROADBAND OPERATIONS Highest-paid employee | 40 | $170,644 | $56,368 |
| JENNIFER L MEYER | VP OF COOPERATIVE SERVICES Highest-paid employee | 40 | $171,663 | $50,070 |
| MEREDITH A SEVEY | VP OF HUMAN RESOURCES Highest-paid employee | 40 | $171,159 | $48,515 |
| DAVID H SENN | CHAIRMAN Trustee or director, Officer | 14 | $28,835 | $0 |
| LARRY CARROLL | DIRECTOR Trustee or director | 8 | $22,910 | $0 |
| GERALD J MEYER | DIRECTOR Trustee or director | 10 | $20,960 | $0 |
| DANIEL F TINDELL | SECRETARY Trustee or director | 8 | $18,565 | $0 |
| THOMAS LUNDY | DIRECTOR Trustee or director | 6 | $17,380 | $0 |
| JOSEPH MATTINGLEY | DIRECTOR Trustee or director | 7 | $15,800 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALLEN F HENDREN | DIRECTOR Trustee or director | 7 | $15,095 |
| ROBERT AUSTIN KUHNS | TREASURER Trustee or director, Officer | 16 | $13,035 |
| PATRICIA A SMITH | DIRECTOR Trustee or director | 7 | $11,060 |
| RUSSELL HOLESINGER | PT YR VICE CHAIRMAN Trustee or director, Officer | 7 | $5,925 |
| TED JAMES | DIRECTOR Trustee or director | 7 | $4,085 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL CASPER | PRESIDENT & CEO Officer | 40 | $362,590 | $202,474 |
| KYLE BUROS | SR. VP & COO Key employee | 40 | $210,558 | $125,702 |
| CHARLES WOODS | VICE PRESIDENT & CFO Officer | 40 | $196,796 | $117,740 |
| BRAD EDLER | DIRECTOR OF ENGINEERING Key employee | 40 | $170,938 | $96,330 |
| STEVE LUDWIG | LINE FOREMAN Highest-paid employee | 40 | $161,749 | $91,185 |
| MEREDITH SEVEY | VP OF HUMAN RESOURCES Highest-paid employee | 40 | $158,646 | $85,111 |
| JENNIFER MEYER | VP OF MEMBER SERVICES Highest-paid employee | 40 | $155,794 | $74,073 |
| JESSE SHEKLETON | DIRECTOR OF BROADBAND OPERATIONS Highest-paid employee | 40 | $140,554 | $79,384 |
| BRANDON SEBENA | DIRECTOR OF UTILITY OPERATIONS Highest-paid employee | 40 | $170,080 | $27,687 |
| DAVID SENN | CHAIRMAN Trustee or director, Officer | 14 | $22,590 | $0 |
| LARRY CARROLL | DIRECTOR Trustee or director | 8 | $21,405 | $0 |
| DAN TINDELL | DIRECTOR Trustee or director | 8 | $14,295 | $0 |
| PATRICIA SMITH | DIRECTOR Trustee or director | 7 | $14,295 | $0 |
| RUSSELL HOLESINGER | VICE CHAIRMAN Trustee or director, Officer | 7 | $13,900 | $0 |
| GERALD MEYER | DIRECTOR Trustee or director | 10 | $12,870 | $0 |
| ROBERT KUHNS | TREASURER Trustee or director, Officer | 9 | $12,715 | $0 |
| JOSEPH MATTINGLEY | DIRECTOR Trustee or director | 7 | $12,320 | $0 |
| THOMAS LUNDY | DIRECTOR Trustee or director | 6 | $11,925 | $0 |
| MARCIA STANGER | SECRETARY Trustee or director, Officer | 7 | $6,715 | $0 |
| ALLEN HENDREN | DIRECTOR Trustee or director | 7 | $6,350 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 390, ELIZABETH, IL 61028-0390
- In care of
- % CHUCK WOODS
- Principal officer (990 for 2024)
- Michael Casper, PO Box 390, Elizabeth, IL 610280390
- Signed the 990
- Michael Casper, President and CEO
- Phone
- (815) 858-2207
- Website
- WWW.JOCARROLL.COM
- Return prepared by
- Forvis Mazars LLP
Mission
JO-CARROLL ENERGY, INC. (NFP) EXISTS TO ENHANCE THE QUALITY OF LIFE TO OUR MEMEBERS. JO-CARROLL ENERGY, INC. (NFP) DISTRIBUTES ELECTRICITY, NATURAL GAS, AND BROADBAN/FIBER TO MEMBERS IN A DEFINED SERVICE AREA IN WESTERN ILLINOIS, AS WELL AS FIBER TO LOCATIONS IN IOWA AND WISCONSIN.
Program accomplishments
- JO-CARROLL ENERGY, INC (NFP) IS AN ELECTRIC, NATURAL GAS AND BROADBAND/FIBER DISTRIBUTION COOPERATIVE ORGANIZED UNDER THE LAW OF ILLINOIS. THE COOPERATIVE PROVIDES ELECTRIC SERVICE TO 19,651 METERS PER MONTH; NATURAL GAS TO 5,756 METERS PER MONTH; AND BROADBAND/ FIBER TO 7,352 SUBSCRIBERS PER MONTH.
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
- 36-1284865
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $231,718,768
- Income (IRS master file)
- $70,274,739
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $70,269,716 | $70,244,003 | $231,718,768 | IRS |
| 990 | December 2023 | $66,110,466 | $65,931,967 | $189,072,042 | XML |
| 990 | December 2022 | $66,042,694 | $66,631,163 | $166,773,401 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 36-1284865).
Questions about JO-CARROL ENERGY INC NFP
- What is the EIN of JO-CARROL ENERGY INC NFP?
- The employer identification number (EIN) of JO-CARROL ENERGY INC NFP is 36-1284865.
- Is JO-CARROL ENERGY INC NFP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
- Are donations to JO-CARROL ENERGY INC NFP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does JO-CARROL ENERGY INC NFP 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 JO-CARROL ENERGY INC NFP 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 JO-CARROL ENERGY INC NFP 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 JO-CARROL ENERGY INC NFP?
- The 990 for the year ended December 31, 2024 names Michael Casper.
- Who are the officers and directors of JO-CARROL ENERGY INC NFP?
- The 990 for the year ended December 31, 2024 lists 20 people; 20 received compensation from the organization, the highest $373,979 (MICHAEL CASPER, PRESIDENT & CEO).
- How much revenue does JO-CARROL ENERGY INC NFP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $70,269,716, expenses of $70,244,003 and total assets of $231,718,768 at year end.
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