Nonprofit · EIN 59-0247095
FLORIDA KEYS ELECTRIC COOPERATIVE ASSN INC
Tax-exempt · TAVERNIER, FL 33070
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $112,709,474 | $112,709,474 | $0 | $245,225,083 | $160,008,982 | $85,216,101 |
| December 31, 2024 | 990 | $105,781,298 | $105,781,298 | $0 | $230,437,810 | $149,621,853 | $80,815,957 |
| December 31, 2023 | 990 | $102,799,205 | $102,799,205 | $0 | $222,888,499 | $145,913,893 | $76,974,606 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $111,579,482
- Investment income
- $94,747
- Net rental income
- $1,009,109
- Net income from sales of inventory
- $26,136
- Other revenue
- $1,035,245
Expenses
- Grants and similar amounts paid
- $30,990
- Benefits paid to members
- $5,267,293
- Compensation of officers, directors and key employees
- $2,640,304
- Other salaries and wages
- $8,779,222
- Salaries, compensation and benefits (total)
- $14,633,793
- Professional fundraising fees
- $0
- Depreciation
- $8,673,834
Balance sheet and other
- Total assets, start of year
- $230,437,810
- Total assets, end of year
- $245,225,083
- Total liabilities, end of year
- $160,008,982
- Net assets, end of year
- $85,216,101
- Land, buildings and equipment
- $215,311,040
- Gross unrelated business income
- $132,253
- Gross receipts
- $112,782,498
- Employees
- 134
- Volunteers
- 0
- Year formed
- 1940
- 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 |
|---|---|---|---|---|
| SCOTT NEWBERRY | CHIEF EXECUTIVE OFFICER Officer | 36 | $501,886 | $219,303 |
| CRIS BEATY | CHIEF FINANCIAL OFFICER Officer | 36 | $302,002 | $143,296 |
| MARIA JONES | CAO Officer | 36 | $270,152 | $108,805 |
| JOE JOYCE | COO Officer | 36 | $239,154 | $110,201 |
| TAMIE FOX | CIO Officer | 36 | $235,891 | $66,700 |
| SHERI BULKIEWICZ | DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 36 | $209,630 | $92,445 |
| TIMOTHY EVANS | SOC OPERATOR Highest-paid employee | 53 | $235,259 | $31,168 |
| PETER AMENDOLA | DIRECTOR OF ENGINEERING Highest-paid employee | 36 | $202,332 | $59,685 |
| RAYMOND TURNER | DIRECTOR OF DISTRIBUTION O Highest-paid employee | 36 | $201,942 | $57,039 |
| NICHOLAS LYONS | DIRECTOR OF POWER SUPPLY & TRNSM Highest-paid employee | 36 | $199,544 | $48,722 |
| DAVID C RITZ | DIRECTOR Trustee or director | 4.1 | $38,300 | $0 |
| DORSEY C BELCHER | DIRECTOR Trustee or director | 3.6 | $38,000 | $0 |
| KARL M WAGNER | PRESIDENT Trustee or director, Officer | 5.1 | $36,800 | $0 |
| JAMES J BOILINI | DIRECTOR Trustee or director | 7.3 | $35,200 | $0 |
| GRETCHEN HOLLAND | SECRETARY Trustee or director, Officer | 3.8 | $33,650 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CALE SMITH | TREASURER Trustee or director, Officer | 5.1 | $32,950 |
| JOSEPH H ROTH III | DIRECTOR Trustee or director | 6.8 | $31,300 |
| GEORGE D HERTEL | DIRECTOR Trustee or director | 5 | $30,650 |
| MICHAEL H PUTO | VICE PRESIDENT Trustee or director, Officer | 14.6 | $29,700 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT NEWBERRY | CHIEF EXECUTIVE OFFICER Officer | 40 | $407,081 | $198,797 |
| WILLIAM LEE | DIRECTOR OF DISTRIBUTION O Highest-paid employee | 40 | $214,029 | $179,128 |
| CRIS BEATY | CHIEF FINANCIAL OFFICER Officer | 40 | $265,139 | $119,915 |
| THOMAS ANTHONY | CHIEF OPERATING OFFICER Officer | 40 | $250,156 | $96,914 |
| SHERI BULKIEWICZ | DIRECTOR OF HUMAN RESOURCE Highest-paid employee | 40 | $209,145 | $72,864 |
| PETER AMENDOLA | DIRECTOR OF ENGINEERING Highest-paid employee | 40 | $192,888 | $45,237 |
| JUAN CASTANO | LINEMAN Highest-paid employee | 53 | $187,982 | $36,009 |
| TIMOTHY EVANS | SOC OPERATOR Highest-paid employee | 52 | $194,907 | $28,462 |
| DORSEY C BELCHER | DIRECTOR Trustee or director | 3.6 | $33,700 | $0 |
| GRETCHEN HOLLAND | SECRETARY Trustee or director, Officer | 5.2 | $33,100 | $0 |
| KARL M WAGNER | PRESIDENT Trustee or director, Officer | 5.2 | $32,200 | $0 |
| DAVID C RITZ | DIRECTOR Trustee or director | 5.9 | $31,800 | $0 |
| CALE SMITH | TREASURER Trustee or director, Officer | 5.5 | $30,250 | $0 |
| JAMES J BOILINI | DIRECTOR Trustee or director | 5.3 | $28,800 | $0 |
| JOSEPH H ROTH III | DIRECTOR Trustee or director | 7.1 | $28,400 | $0 |
| GEORGE D HERTEL | DIRECTOR Trustee or director | 5 | $28,300 | $0 |
| MICHAEL H PUTO | VICE PRESIDENT Trustee or director, Officer | 16.2 | $28,000 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT NEWBERRY | CHIEF EXECUTIVE OFFICER Officer | 40 | $386,958 | $182,646 |
| WILLIAM LEE | DIRECTOR OF DISTRIBUTION OPS Highest-paid employee | 40 | $190,558 | $166,481 |
| CRIS BEATY | CHIEF FINANCIAL OFFICER Officer | 40 | $244,417 | $109,976 |
| JOHN STUART | CHIEF OPERATING OFFICER Officer | 40 | $247,264 | $83,297 |
| THOMAS ANTHONY | DIRECTOR OF POWER SUPPLY A Highest-paid employee | 40 | $198,228 | $87,179 |
| CHARLES HUGHES | SOC OPERATOR Highest-paid employee | 51 | $205,609 | $52,865 |
| ADAM SECOR | SOC OPERATOR Highest-paid employee | 59 | $226,583 | $31,027 |
| SHERI BULKIEWICZ | DIRECTOR OF HUMAN RESOURCE Highest-paid employee | 40 | $190,665 | $66,407 |
| DORSEY C BELCHER | DIRECTOR Trustee or director | 3.6 | $37,850 | $0 |
| GRETCHEN HOLLAND | SECRETARY Trustee or director, Officer | 4.3 | $35,050 | $0 |
| KARL M WAGNER | PRESIDENT Trustee or director, Officer | 5.2 | $33,850 | $0 |
| DAVID C RITZ | DIRECTOR Trustee or director | 5.7 | $33,600 | $0 |
| CALE SMITH | TREASURER Trustee or director, Officer | 6.4 | $31,200 | $0 |
| JOSEPH H ROTH III | DIRECTOR Trustee or director | 5.9 | $28,750 | $0 |
| GEORGE D HERTEL | DIRECTOR Trustee or director | 5.2 | $28,650 | $0 |
| MICHAEL H PUTO | VICE PRESIDENT Trustee or director, Officer | 17.5 | $28,450 | $0 |
| JAMES J BOILINI | DIRECTOR Trustee or director | 5.1 | $28,400 | $0 |
Address and contacts
- Address (IRS master file)
- 91630 OVERSEAS HWY, TAVERNIER, FL 33070-0000
- In care of
- % CRIS BEATY
- Principal officer (990 for 2025)
- SCOTT NEWBERRY, 91630 OVERSEAS HWY, TAVERNIER, FL 33070
- Signed the 990
- CRIS BEATY, CHIEF FINANCIAL OFFICER
- Phone
- (305) 852-2431
- Website
- WWW.FKEC.COM
- Return prepared by
- NICHOLS CAULEY ADVISORY GROUP LLC
Mission
THE COOPERATIVE'S RESPONSIBILITY AND AIM IS TO PROVIDE EXCELLENT AND INNOVATIVE CUSTOMER SERVICE AS REFLECTED IN TOP QUALITY ELECTRIC SERVICE RELIABILITY, AFFORDABLE RATES, EMPLOYEE TEAMWORK AND THE HIGHEST DEGREE OF INTEGRITY IN ALL COOPERATIVE ENDEAVORS.
Program accomplishments
- PROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 34,843 ACTIVE SERVICES AT THE YEAR END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL
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
- 59-0247095
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y22)
- Assets (IRS master file)
- $245,225,083
- Income (IRS master file)
- $112,782,498
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $112,709,474 | $112,709,474 | $245,225,083 | XML |
| 990 | December 2024 | $105,781,298 | $105,781,298 | $230,437,810 | XML |
| 990 | December 2023 | $102,799,205 | $102,799,205 | $222,888,499 | XML |
| 990 | December 2022 | $115,190,628 | $115,190,628 | $213,461,453 | 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 59-0247095).
Questions about FLORIDA KEYS ELECTRIC COOPERATIVE ASSN INC
- What is the EIN of FLORIDA KEYS ELECTRIC COOPERATIVE ASSN INC?
- The employer identification number (EIN) of FLORIDA KEYS ELECTRIC COOPERATIVE ASSN INC is 59-0247095.
- Is FLORIDA KEYS ELECTRIC COOPERATIVE ASSN INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1944.
- Are donations to FLORIDA KEYS ELECTRIC COOPERATIVE ASSN INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FLORIDA KEYS ELECTRIC COOPERATIVE ASSN 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 FLORIDA KEYS ELECTRIC COOPERATIVE ASSN 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 FLORIDA KEYS ELECTRIC COOPERATIVE ASSN 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 FLORIDA KEYS ELECTRIC COOPERATIVE ASSN INC?
- The 990 for the year ended December 31, 2025 names SCOTT NEWBERRY.
- Who are the officers and directors of FLORIDA KEYS ELECTRIC COOPERATIVE ASSN INC?
- The 990 for the year ended December 31, 2025 lists 19 people; 19 received compensation from the organization, the highest $501,886 (SCOTT NEWBERRY, CHIEF EXECUTIVE OFFICER).
- How much revenue does FLORIDA KEYS ELECTRIC COOPERATIVE ASSN INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $112,709,474, expenses of $112,709,474 and total assets of $245,225,083 at year end.
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