Nonprofit · EIN 58-2207023
COOPERATIVE POWER INC
Tax-exempt · COVINGTON, GA 30015
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $378,073,335 | $378,073,335 | $0 | $83,984,911 | $55,512,425 | $28,472,486 |
| December 31, 2024 | 990 | $348,476,364 | $348,476,364 | $0 | $98,292,931 | $56,942,758 | $41,350,173 |
| December 31, 2023 | 990 | $318,498,652 | $318,498,652 | $0 | $77,183,099 | $42,209,931 | $34,973,168 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $378,073,335
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $366,501
- Compensation of officers, directors and key employees
- $730,030
- Other salaries and wages
- $2,081,270
- Salaries, compensation and benefits (total)
- $3,239,531
- Professional fundraising fees
- $0
- Legal fees
- $581,943
- Occupancy
- $29,537
- Travel
- $39,729
- Depreciation
- $49,194
Balance sheet and other
- Total assets, start of year
- $98,292,931
- Total assets, end of year
- $83,984,911
- Total liabilities, end of year
- $55,512,425
- Net assets, end of year
- $28,472,486
- Land, buildings and equipment
- $176,434
- Gross receipts
- $378,073,335
- Employees
- 19
- Year formed
- 1994
- State of legal domicile
- GA
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 |
|---|---|---|---|---|
| MARK SVRCEK | CEO Officer | 50 | $678,311 | $51,719 |
| JAMES DRAHEIM | VP - COMMER Highest-paid employee | 50 | $252,750 | $31,240 |
| BRIAN TOOLE | DIR MBR SRV/ Highest-paid employee | 50 | $189,172 | $39,707 |
| MIKE BROWN | DIR - ENG AC Highest-paid employee | 50 | $159,757 | $36,555 |
| TIMOTHY STRICKLAND | ASSOC DIR OP Highest-paid employee | 50 | $155,079 | $36,496 |
| KEVIN MILMAN | VP-POWER SUP Highest-paid employee | 50 | $167,715 | $8,615 |
| SHAUN MOCK | CFO/DIRECTOR Trustee or director | 8 | $0 | $0 |
| GREG PROCTOR | SECRETARY Trustee or director, Officer | 8 | $0 | $0 |
| WENDY SELLERS | VICE CHAIRMA Trustee or director, Officer | 8 | $0 | $0 |
| KEN SIMMONS | DIRECTOR Trustee or director | 8 | $0 | $0 |
| GEORGE WEAVER | CHAIRMAN Trustee or director, Officer | 8 | $0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK SVRCEK | COO Highest-paid employee | 50 | $629,454 | $51,977 |
| DAVID PURCELL | VP - MEMBER Highest-paid employee | 50 | $234,135 | $37,942 |
| JAMES DRAHEIM | VP - COMMER Highest-paid employee | 50 | $238,579 | $18,063 |
| BRIAN TOOLE | MBR SRVS & C Highest-paid employee | 50 | $187,909 | $37,538 |
| FRED KRAUSE | OPERATIONS D Highest-paid employee | 50 | $207,539 | $15,650 |
| SHAUN MOCK | CFO/DIRECTOR Trustee or director | 8 | $0 | $0 |
| GREG PROCTOR | SECRETARY Trustee or director, Officer | 8 | $0 | $0 |
| WENDY SELLERS | VICE CHAIRMA Trustee or director, Officer | 8 | $0 | $0 |
| KEN SIMMONS | DIRECTOR Trustee or director | 8 | $0 | $0 |
| GEORGE WEAVER | CHAIRMAN Trustee or director, Officer | 8 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANIS SHERALI | CEO Officer | 50 | $584,409 | $33,700 |
| MARK SVRCEK | COO Highest-paid employee | 50 | $393,671 | $15,730 |
| DAVID PURCELL | VP - MEMBER Highest-paid employee | 50 | $203,983 | $32,233 |
| JAMES DRAHEIM | VP - COMMER Highest-paid employee | 50 | $211,735 | $16,106 |
| FRED KRAUSE | OPERATIONS D Highest-paid employee | 50 | $200,384 | $15,135 |
| BRIAN TOOLE | MBR SRVS & C Highest-paid employee | 50 | $174,875 | $34,336 |
| SHAUN MOCK | CFO/DIRECTOR Trustee or director | 8 | $0 | $0 |
| GREG PROCTOR | SECRETARY Trustee or director | 8 | $0 | $0 |
| WENDY SELLERS | VICE CHAIRMA Trustee or director, Officer | 8 | $0 | $0 |
| KEN SIMMONS | DIRECTOR Trustee or director | 8 | $0 | $0 |
| GEORGE WEAVER | CHAIRMAN Trustee or director, Officer | 8 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 509, COVINGTON, GA 30015-0509
- Principal officer (990 for 2025)
- MARK SVRCEK
- Signed the 990
- MARK SVRCEK, CEO
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
TO PROVIDE THE ENERGY, POWER, AND CAPACITY NEEDS OF ITS DISTRIBUTION COOPERATIVE MEMBERS.
Program accomplishments
- TO PROVIDE THE ENERGY, POWER, AND CAPACITY NEEDS OF ITS DISTRIBTION COOPERATIVE MEMBERS.
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
- 58-2207023
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W80)
- Assets (IRS master file)
- $83,984,911
- Income (IRS master file)
- $378,073,335
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $378,073,335 | $378,073,335 | $83,984,911 | IRS |
| 990 | December 2024 | $348,476,364 | $348,476,364 | $98,292,931 | IRS |
| 990 | December 2023 | $318,498,652 | $318,498,652 | $77,183,099 | XML |
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 58-2207023).
Questions about COOPERATIVE POWER INC
- What is the EIN of COOPERATIVE POWER INC?
- The employer identification number (EIN) of COOPERATIVE POWER INC is 58-2207023.
- Is COOPERATIVE POWER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 2024.
- Are donations to COOPERATIVE POWER INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COOPERATIVE POWER 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 COOPERATIVE POWER INC 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 COOPERATIVE POWER INC 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 COOPERATIVE POWER INC?
- The 990 for the year ended December 31, 2025 names MARK SVRCEK.
- Who are the officers and directors of COOPERATIVE POWER INC?
- The 990 for the year ended December 31, 2025 lists 11 people; 6 received compensation from the organization, the highest $678,311 (MARK SVRCEK, CEO).
- How much revenue does COOPERATIVE POWER INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $378,073,335, expenses of $378,073,335 and total assets of $83,984,911 at year end.
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All nonprofits in COVINGTON · Georgia · Public and societal benefit