Nonprofit · EIN 37-0223453
COLES-MOULTRIE ELECTRIC COOPERATIVE
Tax-exempt · MATTOON, IL 61938
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $32,711,912 | $29,392,670 | $3,319,242 | $66,086,021 | $21,832,936 | $44,253,085 |
| December 31, 2023 | 990 | $31,527,987 | $29,705,473 | $1,822,514 | $65,118,538 | $23,296,065 | $41,822,473 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $31,426,080
- Investment income
- $125,983
- Net gain from sales of assets
- $94,300
- Other revenue
- $1,159,849
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $336,351
- Other salaries and wages
- $1,893,393
- Salaries, compensation and benefits (total)
- $2,229,744
- Professional fundraising fees
- $0
- Depreciation
- $2,190,355
- Program services (functional)
- $29,392,670
Balance sheet and other
- Total assets, start of year
- $65,118,538
- Total assets, end of year
- $66,086,021
- Total liabilities, end of year
- $21,832,936
- Net assets, end of year
- $44,253,085
- Land, buildings and equipment
- $42,588,434
- Gross unrelated business income
- -$2,911
- Gross receipts
- $32,711,912
- Employees
- 37
- Volunteers
- 0
- Year formed
- 1938
- 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 |
|---|---|---|---|---|
| AMY BORNTRAGER | PRESIDENT/CEO Officer | 55.44 | $248,776 | $66,984 |
| JAMES WALLACE | DIRECTOR OF OPERATIONS & ENGINEERING Highest-paid employee | 41.54 | $153,683 | $60,928 |
| MITCHELL STANCIU | LINE FOREMAN Highest-paid employee | 49.94 | $167,479 | $32,830 |
| KOTY WEST | JOURNEYMAN LINEMAN Highest-paid employee | 50.35 | $161,810 | $29,867 |
| GRANT COOPER | JOURNEYMAN LINEMAN Highest-paid employee | 49.03 | $153,168 | $30,496 |
| MARCUS MCDOWELL | AREA SERVICEMAN Highest-paid employee | 47.22 | $151,144 | $32,217 |
| KENT METZGER | CHAIRMAN Trustee or director, Officer | 0.92 | $4,800 | $0 |
| THOMAS SHERMAN | VICE CHAIRMAN Trustee or director, Officer | 2.03 | $4,125 | $0 |
| JEFFERY HUDSON | DIRECTOR Trustee or director | 1.11 | $2,775 | $0 |
| ANDREW FEARN | SECRETARY Trustee or director, Officer | 1.24 | $2,600 | $0 |
| MICHAEL LOVE | TREASURER Trustee or director, Officer | 0.61 | $2,405 | $0 |
| BILLY VOYLES | DIRECTOR Trustee or director | 0.38 | $2,220 | $0 |
| COLT RODERICK | DIRECTOR Trustee or director | 0.63 | $1,665 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMY BORNTRAGER | PRESIDENT/CEO Officer | 40 | $171,204 | $52,668 |
| JAMES WALLACE | DIRECTOR OF OPERATIONAL SERVICES Highest-paid employee | 40 | $145,814 | $44,022 |
| MARCUS MCDOWELL | AREA SERVICEMAN Highest-paid employee | 45.28 | $138,252 | $31,467 |
| JOHN PICKOWITZ | GENERAL FOREMAN Highest-paid employee | 44.02 | $135,603 | $33,057 |
| WILLIAM HONCHELL | DIRECTOR OF OPERATIONS Highest-paid employee | 43.44 | $130,312 | $38,107 |
| MITCHELL STANCIU | LINE FOREMAN Highest-paid employee | 45 | $134,970 | $31,893 |
| KENT METZGER | CHAIRMAN Trustee or director, Officer | 2.09 | $7,424 | $0 |
| ANDREW FEARN | SECRETARY Trustee or director, Officer | 1.92 | $5,000 | $0 |
| THOMAS SHERMAN | TREASURER Trustee or director, Officer | 1.76 | $4,200 | $0 |
| MIKE LOVE | DIRECTOR Trustee or director | 0.83 | $3,330 | $0 |
| JEFFERY HUDSON | DIRECTOR Trustee or director | 0.97 | $2,590 | $0 |
| BILLY VOYLES | VICE CHAIRMAN Trustee or director, Officer | 0.37 | $2,220 | $0 |
| COLT RODERICK | DIRECTOR Trustee or director | 0.57 | $2,220 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 709, MATTOON, IL 61938-0709
- Principal officer (990 for 2024)
- JAMES R WALLACE, PO BOX 709, MATTOON, IL 61938
- Signed the 990
- JAMES R WALLACE, PRESIDENT & CEO
- Phone
- (217) 235-0341
- Website
- WWW.CMEC.COOP
- Return prepared by
- LWG CPAS & ADVISORS
Mission
PROVIDE RELIABLE ELECTRIC POWER & RELATED SERVICES TO OUR MEMBERS AT THE MOST AFFORDABLE COST.
Program accomplishments
- DISTRIBUTION OF ELECTRICITY TO RURAL MEMBERSExpenses $29,392,670 · revenue $31,426,080
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
- 37-0223453
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1940
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $66,086,021
- Income (IRS master file)
- $32,711,912
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $32,711,912 | $29,392,670 | $66,086,021 | IRS |
| 990 | December 2023 | $31,527,987 | $29,705,473 | $65,118,538 | XML |
| 990 | December 2022 | $30,648,043 | $27,783,259 | $64,138,037 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 37-0223453).
Questions about COLES-MOULTRIE ELECTRIC COOPERATIVE
- What is the EIN of COLES-MOULTRIE ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of COLES-MOULTRIE ELECTRIC COOPERATIVE is 37-0223453.
- Is COLES-MOULTRIE ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1940.
- Are donations to COLES-MOULTRIE ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COLES-MOULTRIE ELECTRIC COOPERATIVE 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 COLES-MOULTRIE ELECTRIC COOPERATIVE 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 COLES-MOULTRIE ELECTRIC COOPERATIVE 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 COLES-MOULTRIE ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 names JAMES R WALLACE.
- Who are the officers and directors of COLES-MOULTRIE ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 lists 13 people; 13 received compensation from the organization, the highest $248,776 (AMY BORNTRAGER, PRESIDENT/CEO).
- How much revenue does COLES-MOULTRIE ELECTRIC COOPERATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $32,711,912, expenses of $29,392,670 and total assets of $66,086,021 at year end.
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