Nonprofit · EIN 43-1948188
BLUEGRASS ENERGY COOPERATIVE CORP
Also known as SMOTHERS JAMES
Tax-exempt · NICHOLASVILLE, KY 40340
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $176,652,522 | $176,652,522 | $0 | $330,664,501 | $152,373,781 | $178,290,720 |
| December 31, 2024 | 990 | $159,627,024 | $159,627,024 | $0 | $320,348,732 | $150,368,706 | $169,980,026 |
| December 31, 2023 | 990 | $151,939,523 | $151,939,523 | $0 | $315,283,837 | $145,422,108 | $169,861,729 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $168,898,470
- Investment income
- $163,481
- Other revenue
- $7,590,571
Expenses
- Grants and similar amounts paid
- $15,000
- Benefits paid to members
- $8,605,960
- Compensation of officers, directors and key employees
- $791,721
- Other salaries and wages
- $8,803,064
- Salaries, compensation and benefits (total)
- $13,593,883
- Professional fundraising fees
- $0
- Legal fees
- $237,875
- Accounting fees
- $20,750
- Depreciation
- $13,381,877
- Program services (functional)
- $176,652,522
Balance sheet and other
- Total assets, start of year
- $320,348,732
- Total assets, end of year
- $330,664,501
- Total liabilities, end of year
- $152,373,781
- Net assets, end of year
- $178,290,720
- Land, buildings and equipment
- $207,529,442
- Gross receipts
- $176,652,522
- Employees
- 101
- Volunteers
- 0
- Year formed
- 1937
- State of legal domicile
- KY
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL WILLIAMS | PRESIDENT/CEO Officer | 50 | $455,537 | $30,984 |
| ROBERT C BREWER JR | VP-ENGINEERING Highest-paid employee | 50 | $209,163 | $44,937 |
| BOBBY MCCOUN | VP-MEMBER SERVICES Highest-paid employee | 50 | $175,105 | $75,334 |
| LAUREN LOGAN | VP-FINANCIAL SERVICE/CFO Officer | 50 | $147,233 | $68,454 |
| DENISE MYERS | VP-COMMUNITY RELATIONS Highest-paid employee | 50 | $160,385 | $44,481 |
| TREVOR JOHNSON | CREW CHIEF Highest-paid employee | 50 | $146,267 | $52,868 |
| BEONKA STOCKTON | VP-CORPORATE SERVICE Highest-paid employee | 50 | $176,258 | $20,862 |
| JANE SMITH | DIRECTOR Trustee or director | 0.6 | $49,151 | $0 |
| DENNIS MONEYHON | SECRETARY Trustee or director, Officer | 8.3 | $22,500 | $0 |
| LU YOUNG | CHAIR Trustee or director, Officer | 5.4 | $21,000 | $0 |
| PAUL TUCKER | DIRECTOR Trustee or director | 7.9 | $20,100 | $0 |
| DOUG FRITZ | DIRECTOR Trustee or director | 8.9 | $20,100 | $0 |
| GARY KELLER | VICE CHAIRMAN Trustee or director, Officer | 7.7 | $19,200 | $0 |
| RICHARD COBB IV | DIRECTOR Trustee or director | 7.1 | $19,200 | $0 |
| JODY HUGHES | DIRECTOR Trustee or director | 6.6 | $17,700 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL WILLIAMS | PRESIDENT/CEO Officer | 50 | $437,542 | $68,846 |
| ROBERT C BREWER JR | VP-ENGINEERING Highest-paid employee | 50 | $205,035 | $41,154 |
| BOBBY MCCOUN | VP-MEMBER SERVICES Highest-paid employee | 50 | $168,197 | $69,022 |
| DENISE MYERS | VP-PUBLIC RELATIONS Highest-paid employee | 50 | $153,075 | $63,855 |
| BEONKA STOCKTON | VP-CORPORATE SERVICE Highest-paid employee | 50 | $164,919 | $18,552 |
| LAUREN LOGAN | VP-FINANCIAL SERVICE Officer | 50 | $136,268 | $41,033 |
| WESLEY WADE | FIRST CLASS LINE TECH Highest-paid employee | 50 | $137,199 | $16,624 |
| CHARLES G WILLIAMSON III | VP-FINANCIAL SERVICE Officer | 50 | $75,700 | $11,611 |
| BRAD MARSHALL | FORMER DIRECTOR Former | 0 | $36,368 | $0 |
| DENNIS MONEYHON | CHAIRMAN Trustee or director, Officer | 7.9 | $23,100 | $0 |
| JANE SMITH | SEC/TREASURER Trustee or director, Officer | 8 | $21,900 | $0 |
| RICHARD COBB IV | DIRECTOR Trustee or director | 9 | $21,000 | $0 |
| GARY KELLER | VICE CHAIRMAN Trustee or director, Officer | 9.2 | $20,700 | $0 |
| DOUG FRITZ | DIRECTOR Trustee or director | 8.4 | $20,100 | $0 |
| LU YOUNG | DIRECTOR Trustee or director | 5.6 | $18,900 | $0 |
| PAUL TUCKER | DIRECTOR Trustee or director | 8.6 | $18,600 | $0 |
| JODY HUGHES | DIRECTOR Trustee or director | 6.2 | $17,700 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL WILLIAMS | PRESIDENT/CEO Key employee | 50 | $906,003 | $119,248 |
| CHARLES G WILLIAMSON III | VP-FINANCIAL SERVICE Key employee | 50 | $187,837 | $59,322 |
| ROBERT C BREWER JR | VP-ENGINEERING Highest-paid employee | 50 | $200,778 | $42,325 |
| BOBBY MCCOUN | VP-MEMBER SERVICES Highest-paid employee | 50 | $160,347 | $60,884 |
| DENISE MYERS | VP-PUBLIC RELATIONS Highest-paid employee | 50 | $144,404 | $60,853 |
| BEONKA STOCKTON | VP-CORPORATE SERVICE Highest-paid employee | 50 | $158,607 | $19,783 |
| JAMES RAINEY | CREW CHIEF Highest-paid employee | 50 | $130,171 | $33,570 |
| DENNIS MONEYHON | CHAIRMAN Trustee or director, Officer | 7.4 | $22,500 | $0 |
| JANE SMITH | SEC/TREASURER Trustee or director, Officer | 7.3 | $21,300 | $0 |
| GARY KELLER | VICE CHAIRMAN Trustee or director, Officer | 8 | $20,700 | $0 |
| PAUL TUCKER | DIRECTOR Trustee or director | 10.6 | $19,804 | $0 |
| RICHARD COBB IV | DIRECTOR Trustee or director | 9.3 | $19,800 | $0 |
| LU YOUNG | DIRECTOR Trustee or director | 5.1 | $19,200 | $0 |
| DOUG FRITZ | DIRECTOR Trustee or director | 7.3 | $18,900 | $0 |
| BRAD MARSHALL | FORMER DIRECTOR Former | 0 | $16,966 | $0 |
| JODY HUGHES | DIRECTOR Trustee or director | 6.4 | $16,800 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 990, NICHOLASVILLE, KY 40340-0990
- In care of
- % RAD COMBS
- Principal officer (990 for 2025)
- LAUREN LOGAN, PO BOX 990, NICHOLASVILLE, KY 403400990
- Signed the 990
- LAUREN LOGAN, CFO
- Phone
- (859) 885-4191
- Website
- WWW.BGENERGY.COM
- Return prepared by
- JONES NALE & MATTINGLY PLC
Mission
DISTRIBUTION SALES OF ELECTRICITY ON A PATRONAGE BASIS TO A MONTHLY AVERAGE OF APPROXIMATELY 65,000 CONSUMERS. BLUE GRASS ENERGY'S MISSION IS TO PROVIDE SAFE, RELIABLE, AFFORDABLE ENERGY SERVICES, WHILE IMPROVING THE QUALITY OF LIFE FOR OUR MEMBERS.
Program accomplishments
- DISTRIBUTION SALES OF ELECTRICITY ON A PATRONAGE BASIS TO A MONTHLY AVERAGE OF APPROXIMATELY 65,000 CONSUMERS.Expenses $176,652,522 · grants $15,000 · revenue $174,417,369
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 | 990 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
- 43-1948188
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y22)
- Assets (IRS master file)
- $330,664,501
- Income (IRS master file)
- $176,652,522
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $176,652,522 | $176,652,522 | $330,664,501 | IRS |
| 990 | December 2024 | $159,627,024 | $159,627,024 | $320,348,732 | IRS |
| 990 | December 2023 | $151,939,523 | $151,939,523 | $315,283,837 | XML |
| 990 | December 2022 | $163,075,358 | $163,075,358 | $305,801,018 | 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 43-1948188).
Questions about BLUEGRASS ENERGY COOPERATIVE CORP
- What is the EIN of BLUEGRASS ENERGY COOPERATIVE CORP?
- The employer identification number (EIN) of BLUEGRASS ENERGY COOPERATIVE CORP is 43-1948188.
- Is BLUEGRASS ENERGY COOPERATIVE CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 2002.
- Are donations to BLUEGRASS ENERGY COOPERATIVE CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BLUEGRASS ENERGY COOPERATIVE CORP 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 BLUEGRASS ENERGY COOPERATIVE CORP due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BLUEGRASS ENERGY COOPERATIVE CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BLUEGRASS ENERGY COOPERATIVE CORP?
- The 990 for the year ended December 31, 2025 names LAUREN LOGAN.
- Who are the officers and directors of BLUEGRASS ENERGY COOPERATIVE CORP?
- The 990 for the year ended December 31, 2025 lists 15 people; 15 received compensation from the organization, the highest $455,537 (MICHAEL WILLIAMS, PRESIDENT/CEO).
- How much revenue does BLUEGRASS ENERGY COOPERATIVE CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $176,652,522, expenses of $176,652,522 and total assets of $330,664,501 at year end.
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