Nonprofit · EIN 48-0836984
KANSAS ELECTRIC POWER COOPERATIVE INC
Tax-exempt · TOPEKA, KS 66615
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $152,486,482 | $151,496,067 | $990,415 | $309,487,229 | $217,456,048 | $92,031,181 |
| December 31, 2023 | 990 | $147,752,846 | $145,463,517 | $2,289,329 | $312,040,387 | $222,334,141 | $89,706,246 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $150,655,639
- Investment income
- $1,541,960
- Net rental income
- $2,242
- Net gain from sales of assets
- $459
- Other revenue
- $288,883
Expenses
- Grants and similar amounts paid
- $21,169
- Compensation of officers, directors and key employees
- $1,260,214
- Other salaries and wages
- $6,284,531
- Salaries, compensation and benefits (total)
- $10,800,611
- Professional fundraising fees
- $0
- Occupancy
- $2,486,081
- Travel
- $98,865
- Depreciation
- $11,717,823
Balance sheet and other
- Total assets, start of year
- $312,040,387
- Total assets, end of year
- $309,487,229
- Total liabilities, end of year
- $217,456,048
- Net assets, end of year
- $92,031,181
- Land, buildings and equipment
- $199,440,261
- Publicly traded securities
- $44,983,386
- Gross unrelated business income
- $259,262
- Gross receipts
- $152,486,482
- Employees
- 27
- Volunteers
- 24
- Year formed
- 1975
- State of legal domicile
- KS
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 |
|---|---|---|---|---|
| Coleen Wells | Sr VP & Chief Financial Officer Officer | 40 | $285,284 | $132,108 |
| Mark Barbee | Sr VP & Chief Operating Officer Highest-paid employee | 40 | $260,620 | $139,514 |
| Steven O Foss | Executive VP & CEO Since 03/22/2024 Officer | 40 | $360,450 | $0 |
| Susan Cunningham | SR VP & General Counsel Highest-paid employee | 40 | $238,412 | $84,282 |
| Mark Doljac | Executive Director, Rates & Planning Highest-paid employee | 40 | $162,770 | $72,835 |
| Suzanne Lane | Executive VP & CEO Through 03/22/2024 Officer | 40 | $209,115 | $9,142 |
| Shawn Geil | Executive Director, Technical & Energy Services Highest-paid employee | 40 | $153,453 | $48,238 |
| Rebecca Fowler | Director Regulatory Affairs Highest-paid employee | 40 | $141,246 | $50,767 |
| Lori Jones | Trustee Trustee or director | 3 | $24,017 | $0 |
| Chuck Goeckel | Vice-President Trustee or director, Officer | 3 | $20,062 | $0 |
| Michael Morton | President Trustee or director, Officer | 6 | $19,497 | $0 |
| Kirk Thompson | Trustee Trustee or director | 3 | $19,216 | $0 |
| Byran Coover | Secretary Trustee or director, Officer | 3 | $15,684 | $0 |
| Mark Scheibe | Trustee Trustee or director | 3 | $15,609 | $0 |
| Chris Parr | Trustee Trustee or director | 3 | $14,977 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ken Hedberg | Treasurer Trustee or director, Officer | 3 | $14,267 |
| Dennis Svanes | Trustee Trustee or director | 3 | $14,267 |
| LARRY FROESE | TRUSTEE Trustee or director | 1 | $14,267 |
| Kevin Brownlee | Trustee Trustee or director | 3 | $13,253 |
| Kevin Compton | Trustee Trustee or director | 3 | $13,137 |
| Paul Wilson | Trustee Trustee or director | 3 | $12,995 |
| Dan Hubert | Trustee Trustee or director | 3 | $12,572 |
| John Schon | Trustee Trustee or director | 3 | $12,291 |
| GENE SCHEER | TRUSTEE Trustee or director | 1 | $9,747 |
| DON METZEN | TRUSTEE Trustee or director | 1 | $4,520 |
990 for the year ended December 31, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SUZANNE LANE | EXEC VP & CEO Officer | 40 | $435,821 | $130,734 |
| MARK BARBEE | SR VP & COO Highest-paid employee | 40 | $240,114 | $164,781 |
| COLEEN WELLS | SR VP & CFO Highest-paid employee | 40 | $267,253 | $136,637 |
| SUSAN CUNNINGHAM | SR VP, REG & GOV'T AFFAIRS Highest-paid employee | 40 | $222,459 | $83,156 |
| MARK DOLJAC | EXEC DIR REGULATORY AFFAIRS Highest-paid employee | 40 | $159,885 | $73,311 |
| SHAWN GEIL | EXEC DIR TECHNICAL & ENERGY SVC Highest-paid employee | 40 | $146,708 | $66,068 |
| LORI JONES | TRUSTEE Trustee or director | 3 | $15,829 | $0 |
| KEN HEDBERG | TREASURER Trustee or director, Officer | 3 | $12,923 | $0 |
| KEVIN COMPTON | TRUSTEE Trustee or director | 3 | $12,923 | $0 |
| BRYAN W COOVER | SECRETARY Trustee or director, Officer | 3 | $12,449 | $0 |
| DONALD METZEN | TRUSTEE Trustee or director | 3 | $11,424 | $0 |
| LARRY FROESE | TRUSTEE Trustee or director | 3 | $10,880 | $0 |
| DAN HUBERT | TRUSTEE Trustee or director | 3 | $10,336 | $0 |
| JOHN SCHON | TRUSTEE Trustee or director | 3 | $10,211 | $0 |
| CHUCK GOECKEL | VICE-PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| MIKE MORTON | PRESIDENT Trustee or director, Officer | 6 | $0 | $0 |
| KEVIN BROWNLEE | TRUSTEE Trustee or director | 3 | $0 | $0 |
| CHRIS PARR | TRUSTEE Trustee or director | 3 | $0 | $0 |
| MARK SCHEIBE | TRUSTEE Trustee or director | 3 | $0 | $0 |
| DENNIS SVANES | TRUSTEE Trustee or director | 3 | $0 | $0 |
| KIRK THOMPSON | TRUSTEE Trustee or director | 3 | $0 | $0 |
| PAUL WILSON | TRUSTEE Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 600 SW CORPORATE VW, TOPEKA, KS 66615-1233
- In care of
- % THE COMPANY
- Principal officer (990 for 2024)
- KEVIN NOBLET, 600 SW CORPORATE VIEW, TOPEKA, KS 66615
- Signed the 990
- KEVIN NOBLET, EXECUTIVE VP & CEO
- Phone
- (785) 273-7010
- Website
- WWW.KEPCO.ORG
- Return prepared by
- Forvis Mazars LLP
Mission
To procure an adequate and reliable power supply for the organization's 16 distribution rural electric cooperative member/owners at a reasonable cost.
Program accomplishments
- Provide electricity to 16 member/owner distribution cooperatives.
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
- 48-0836984
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1981
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $309,487,229
- Income (IRS master file)
- $152,486,482
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $152,486,482 | $151,496,067 | $309,487,229 | XML |
| 990 | December 2023 | $147,752,846 | $145,463,517 | $312,040,387 | XML |
| 990 | December 2022 | $165,593,549 | $164,193,277 | $309,864,388 | 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 48-0836984).
Questions about KANSAS ELECTRIC POWER COOPERATIVE INC
- What is the EIN of KANSAS ELECTRIC POWER COOPERATIVE INC?
- The employer identification number (EIN) of KANSAS ELECTRIC POWER COOPERATIVE INC is 48-0836984.
- Is KANSAS ELECTRIC POWER COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1981.
- Are donations to KANSAS ELECTRIC POWER COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KANSAS ELECTRIC POWER 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 KANSAS ELECTRIC POWER 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 KANSAS ELECTRIC POWER 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 KANSAS ELECTRIC POWER COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names KEVIN NOBLET.
- Who are the officers and directors of KANSAS ELECTRIC POWER COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 25 people; 25 received compensation from the organization, the highest $285,284 (Coleen Wells, Sr VP & Chief Financial Officer).
- How much revenue does KANSAS ELECTRIC POWER COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $152,486,482, expenses of $151,496,067 and total assets of $309,487,229 at year end.
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