Nonprofit · EIN 59-0188973
CENTRAL FLORIDA ELECTRIC COOPERATIVE INC
Tax-exempt · CHIEFLAND, FL 32644
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $106,494,859 | $100,803,200 | $5,691,659 | $344,068,984 | $269,553,322 | $74,515,662 |
| December 31, 2024 | 990 | $84,243,478 | $84,549,237 | -$305,759 | $337,561,289 | $268,900,360 | $68,660,929 |
| December 31, 2023 | 990 | $75,068,606 | $73,789,133 | $1,279,473 | $223,844,705 | $160,441,040 | $63,403,665 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $105,078,438
- Investment income
- $1,416,421
- Net gain from sales of assets
- $481,530
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $150,911
- Compensation of officers, directors and key employees
- $1,279,715
- Salaries, compensation and benefits (total)
- $1,279,715
- Professional fundraising fees
- $0
- Depreciation
- $10,616,731
Balance sheet and other
- Total assets, start of year
- $337,561,289
- Total assets, end of year
- $344,068,984
- Total liabilities, end of year
- $269,553,322
- Net assets, end of year
- $74,515,662
- Land, buildings and equipment
- $287,840,308
- Gross receipts
- $106,494,859
- Employees
- 121
- Volunteers
- 0
- Year formed
- 1939
- State of legal domicile
- FL
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 |
|---|---|---|---|---|
| JOEL D GEORGE | EXECUTIVE VP/GENERAL MANAG Officer | 40 | $382,460 | $111,846 |
| ROBERT D KREFTING | ENTERPRISE CFO Officer | 40 | $186,478 | $47,046 |
| KLINT WOOD | CREW SUPERVISOR Highest-paid employee | 40 | $171,747 | $47,975 |
| GEORGE BUCKNER | CHIEF INFORMATION OFFICER Officer | 40 | $155,706 | $61,088 |
| DANIEL POWELL | VP ENGINEERING Highest-paid employee | 40 | $139,950 | $59,621 |
| JAMES BEAUCHAMP | VP OPERATIONS Highest-paid employee | 40 | $135,879 | $58,727 |
| EDWIN RUTH | SR. ENGINEERING TECHNICIAN Highest-paid employee | 40 | $131,226 | $43,777 |
| STEVEN STUDSTILL | SUPERVISOR OF METERING/PROTECTION/SUBSTATION Highest-paid employee | 40 | $128,466 | $42,976 |
| LARRY THOMPSON | TRUSTEE/SECRETARY Trustee or director, Officer | 7 | $46,727 | $0 |
| Tammy Bryan | TRUSTEE Trustee or director | 8 | $46,357 | $0 |
| JESSIE ROBINSON | TRUSTEE Trustee or director | 4 | $43,577 | $0 |
| KYLE QUINCEY | TRUSTEE/VICE PRESIDENT Trustee or director, Officer | 5 | $41,777 | $0 |
| ALAN MIKELL | TRUSTEE/PRESIDENT Trustee or director, Officer | 10 | $36,458 | $0 |
| DONALD LANE | TRUSTEE Trustee or director | 10 | $35,334 | $0 |
| JAMES MCCAIN | TRUSTEE Trustee or director | 8 | $31,958 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HOUSTON MARKHAM | TRUSTEE Trustee or director | 8 | $29,708 |
| MELISSA LEWIS | TRUSTEE Trustee or director | 4 | $23,194 |
990 for the year ended December 31, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOEL D GEORGE | EXECUTIVE VP/GENERAL MANAG Officer | 40 | $379,925 | $98,966 |
| KIMBERLY BAXLEY | VP, SAFETY & HR Former | 40 | $182,866 | $63,313 |
| KLINT WOOD | CREW SUPERVISOR Highest-paid employee | 40 | $186,500 | $45,847 |
| GEORGE BUCKNER | CHIEF INFORMATION OFFICER Officer | 40 | $168,600 | $62,129 |
| ROBERT D KREFTING | ENTERPRISE CFO Officer | 40 | $168,358 | $50,423 |
| JAMES BEAUCHAMP | VP OPERATIONS Highest-paid employee | 40 | $159,482 | $57,234 |
| DANIEL POWELL | VP ENGINEERING Highest-paid employee | 40 | $156,821 | $56,524 |
| DUSTIN E JONES | SERVICE TECHNICIAN Highest-paid employee | 40 | $155,256 | $39,900 |
| ALAN MIKELL | TRUSTEE/PRESIDENT Trustee or director, Officer | 7 | $24,450 | $0 |
| LARRY THOMPSON | TRUSTEE/SECRETARY Trustee or director, Officer | 7 | $24,450 | $0 |
| JAMES MCCAIN | TRUSTEE Trustee or director | 8 | $19,950 | $0 |
| KYLE QUINCEY | TRUSTEE/VICE PRESIDENT Trustee or director, Officer | 5 | $17,700 | $0 |
| HOUSTON MARKAM | TRUSTEE Trustee or director | 8 | $12,300 | $0 |
| DONALD LANE | TRUSTEE Trustee or director | 10 | $11,850 | $0 |
| CARL ROOF SR | TRUSTEE Trustee or director | 10 | $10,250 | $0 |
| JESSIE ROBINSON | TRUSTEE Trustee or director | 4 | $8,800 | $0 |
| Tammy Bryan | TRUSTEE Trustee or director | 4 | $8,300 | $0 |
| TONY WEEKS | TRUSTEE Trustee or director | 6 | $5,700 | $0 |
| KENNETH O'STEEN | TRUSTEE Trustee or director | 4 | $2,400 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOEL D GEORGE | EXECUTIVE VP/GENERAL MANAG Officer | 40 | $347,975 | $94,187 |
| ROBERT D KREFTING | ENTERPRISE CFO Officer | 40 | $184,537 | $53,712 |
| KLINT WOOD | CREW SUPERVISOR Highest-paid employee | 40 | $176,887 | $46,937 |
| KIMBERLY BAXLEY | VP, SAFETY & HR Officer | 40 | $176,972 | $38,642 |
| GEORGE BUCKNER | CHIEF INFORMATION OFFICER Officer | 40 | $150,021 | $59,352 |
| DANIEL POWELL | VP ENGINEERING Officer | 40 | $140,409 | $58,117 |
| JAMES BEAUCHAMP | VP OPERATIONS Officer | 40 | $140,285 | $56,468 |
| TRAVIS SMITH | LINE TECHNICIAN Highest-paid employee | 40 | $145,686 | $41,255 |
| LESTER ALDRICH | CREW SUPERVISOR Highest-paid employee | 40 | $140,984 | $34,695 |
| MATTHEW MILLER | CREW SUPERVISOR Highest-paid employee | 40 | $137,000 | $34,193 |
| ALAN MIKELL | TRUSTEE/SECRETARY Trustee or director, Officer | 7 | $23,750 | $0 |
| CARL ROOF SR | TRUSTEE/VICE PRESIDENT Trustee or director, Officer | 10 | $20,150 | $0 |
| JAMES MCCAIN | TRUSTEE/PRESIDENT Trustee or director, Officer | 8 | $16,550 | $0 |
| HOUSTON MARKAM | TRUSTEE Trustee or director | 8 | $15,200 | $0 |
| KENNETH O'STEEN | TRUSTEE Trustee or director | 4 | $14,100 | $0 |
| TONY WEEKS | TRUSTEE Trustee or director | 6 | $14,050 | $0 |
| KYLE QUINCEY | TRUSTEE Trustee or director | 5 | $12,050 | $0 |
| DONALD LANE | TRUSTEE Trustee or director | 10 | $11,600 | $0 |
| LARRY THOMPSON | TRUSTEE Trustee or director | 7 | $11,550 | $0 |
| BARBARA TOWNSEND | TRUSTEE/DECSD 2023 Trustee or director | 4 | $1,600 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 9, CHIEFLAND, FL 32644-0009
- Principal officer (990 for 2025)
- DENNY GEORGE, PO BOX 9, CHIEFLAND, FL 326440009
- Signed the 990
- DENNY GEORGE, EXECUTIVE VP-GENERAL MANAGER
- Phone
- (800) 227-1302
- Website
- WWW.CFEC.COM
- Return prepared by
- NICHOLS CAULEY ADVISORY GROUP LLC
Mission
SEE SCHEDULE O
Program accomplishments
- SALE OF ELECTRICITY TO APPROXIMATELY 28,000 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
- 59-0188973
- 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)
- $344,068,984
- Income (IRS master file)
- $106,494,859
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $106,494,859 | $100,803,200 | $344,068,984 | XML |
| 990 | December 2024 | $84,243,478 | $84,549,237 | $337,561,289 | IRS |
| 990 | December 2023 | $75,068,606 | $73,789,133 | $223,844,705 | XML |
| 990 | December 2022 | $82,660,488 | $81,880,805 | $182,366,640 | 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 59-0188973).
Questions about CENTRAL FLORIDA ELECTRIC COOPERATIVE INC
- What is the EIN of CENTRAL FLORIDA ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of CENTRAL FLORIDA ELECTRIC COOPERATIVE INC is 59-0188973.
- Is CENTRAL FLORIDA ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
- Are donations to CENTRAL FLORIDA ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CENTRAL FLORIDA ELECTRIC 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 CENTRAL FLORIDA ELECTRIC COOPERATIVE 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 CENTRAL FLORIDA ELECTRIC COOPERATIVE 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 CENTRAL FLORIDA ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names DENNY GEORGE.
- Who are the officers and directors of CENTRAL FLORIDA ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 17 people; 17 received compensation from the organization, the highest $382,460 (JOEL D GEORGE, EXECUTIVE VP/GENERAL MANAG).
- How much revenue does CENTRAL FLORIDA ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $106,494,859, expenses of $100,803,200 and total assets of $344,068,984 at year end.
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