Nonprofit · EIN 59-0329555
LEE COUNTY ELECTRIC COOPERATIVE INC
Tax-exempt · N FT MYERS, FL 33917
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $616,115,448 | $547,211,131 | $68,904,317 | $1,262,768,758 | $694,215,248 | $568,553,510 |
| December 31, 2023 | 990 | $608,109,826 | $504,779,733 | $103,330,093 | $1,061,061,386 | $567,922,352 | $493,139,034 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $607,494,772
- Investment income
- $621,724
- Net rental income
- $8,002,537
- Net gain from sales of assets
- $416,405
- Net income from sales of inventory
- -$3,585
- Other revenue
- $7,998,952
Expenses
- Grants and similar amounts paid
- $67,500
- Benefits paid to members
- $12,378,835
- Compensation of officers, directors and key employees
- $3,753,206
- Salaries, compensation and benefits (total)
- $3,753,206
- Professional fundraising fees
- $0
- Depreciation
- $37,943,070
Balance sheet and other
- Total assets, start of year
- $1,061,061,386
- Total assets, end of year
- $1,262,768,758
- Total liabilities, end of year
- $694,215,248
- Net assets, end of year
- $568,553,510
- Land, buildings and equipment
- $1,034,281,788
- Gross receipts
- $616,892,109
- Employees
- 523
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DENISE M VIDAL | EVP/CEO Officer | 58 | $723,445 | $89,993 |
| SARAH BULLOCK | DIR OF FINAN Officer | 50 | $379,577 | $69,628 |
| EDWARD NAGY | DIRECTOR, IT Key employee | 40 | $295,423 | $81,530 |
| RODNEY C HAWKINS | DIRECTOR, EL Key employee | 55 | $296,427 | $60,179 |
| KAREN RYAN | DIRECTOR OF Key employee | 50 | $260,893 | $55,518 |
| SANDRA THOMPSON | DIRECTOR OF Key employee | 48 | $253,018 | $58,426 |
| GARY AVIN | DIR. MEMB. S Key employee | 50 | $253,411 | $55,652 |
| DEREK HOLLAND | LINEMAN Highest-paid employee | 79 | $257,398 | $45,200 |
| WALTER RUTH | DIR. OF BUS. Key employee | 55 | $231,137 | $59,764 |
| TROY HAMILTON | LINEMAN Highest-paid employee | 73 | $247,755 | $39,093 |
| AMANDA SMELKER | DIR, ADMIN S Key employee | 45 | $222,053 | $58,136 |
| RICHARD B LEWIS | LINEMAN Highest-paid employee | 70 | $221,967 | $50,372 |
| SHANE LEACH | LINEMAN Highest-paid employee | 72 | $227,320 | $37,605 |
| MYRON MARTIN | MGR-PROC./SU Highest-paid employee | 45 | $215,204 | $47,710 |
| CHAUNCEY P GOSS | TRUSTEE Trustee or director | 4 | $26,850 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID BEAM | TRUSTEE Trustee or director | 4 | $25,850 |
| RICK JOYCE | TRUSTEE Trustee or director | 10 | $25,850 |
| MICHAEL POWELL | TRUSTEE/PRES Trustee or director | 13 | $25,850 |
| RICHARD TURBEVILLE | TRUSTEE Trustee or director | 6 | $25,850 |
| RUSSELL PRIDDY | TRUSTEE Trustee or director | 6 | $24,750 |
| TARIK AYASUN | TRUSTEE Trustee or director | 1 | $23,500 |
| ELEANOR M FLANNERY | TRUSTEE Trustee or director | 5 | $23,500 |
| RHICHARD PRITCHETT III | TRUSTEE Trustee or director | 5 | $23,500 |
| CRAIG WOODWARD | TRUSTEE Trustee or director | 6 | $23,500 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DENISE M VIDAL | EVP/CEO Officer | 55 | $678,889 | $73,640 |
| SARAH BULLOCK | DIR OF FINAN Officer | 60 | $322,777 | $64,817 |
| RODNEY C HAWKINS | DIRECTOR, EL Key employee | 55 | $301,783 | $51,586 |
| EDWARD NAGY | DIRECTOR, IT Key employee | 50 | $282,449 | $63,324 |
| GARY AVIN | DIRECTOR OF Key employee | 45 | $234,756 | $55,744 |
| WALTER RUTH | DIR. OF BUS. Key employee | 50 | $238,347 | $49,776 |
| KAREN RYAN | DIRECTOR OF Key employee | 50 | $240,221 | $47,669 |
| SANDRA THOMPSON | DIRECTOR OF Key employee | 50 | $241,780 | $43,761 |
| TROY HAMILTON | LINEMAN Highest-paid employee | 74 | $245,108 | $27,131 |
| DEREK HOLLAND | LINEMAN Highest-paid employee | 72 | $226,608 | $35,581 |
| RICHARD B LEWIS | LINEMAN Highest-paid employee | 71 | $219,370 | $42,086 |
| TREVOR KALLHOFF | LINEMAN Highest-paid employee | 70 | $227,621 | $31,776 |
| FRANK SHERKUS | MGR OF CONST Highest-paid employee | 50 | $210,096 | $39,750 |
| AMANDA SMELKER | DIR, ADMIN S Key employee | 50 | $191,730 | $45,815 |
| RUSSELL PRIDDY | TRUSTEE/PRES Trustee or director | 8 | $29,350 | $0 |
| TARIK AYASUN | TRUSTEE Trustee or director | 2 | $25,850 | $0 |
| DAVID BEAM | TRUSTEE Trustee or director | 2 | $25,850 | $0 |
| RICK JOYCE | TRUSTEE Trustee or director | 10 | $25,850 | $0 |
| MICHAEL POWELL | TRUSTEE Trustee or director | 3 | $25,850 | $0 |
| RICHARD TURBEVILLE | TRUSTEE Trustee or director | 6 | $25,850 | $0 |
| ELEANOR M FLANNERY | TRUSTEE Trustee or director | 3 | $23,500 | $0 |
| CRAIG WOODWARD | TRUSTEE Trustee or director | 6 | $23,500 | $0 |
| RHICHARD PRITCHETT III | TRUSTEE Trustee or director | 5 | $21,150 | $0 |
| GEOFFREY ROEPSTORFF | TRUSTEE Trustee or director | 5 | $14,100 | $0 |
| CHAUNCEY P GOSS | TRUSTEE Trustee or director | 8 | $9,900 | $0 |
Address and contacts
- Address (IRS master file)
- 4980 BAYLINE DR, N FT MYERS, FL 33917-3910
- In care of
- % SUSAN CRISAFULLI
- Principal officer (990 for 2024)
- SARAH BULLOCK, 4980 BAYLINE DRIVE, NORTH FORT MYERS, FL 33918
- Signed the 990
- SARAH BULLOCK, DIR OF FINANCE/CFO
- Phone
- (239) 995-2121
- Website
- WWW.LCEC.NET
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
LCEC PROVIDES EFFICIENT, RELIABLE, COST-COMPETITIVE ELECTRIC AND EMERGING ENERGY SOLUTIONS AND EXCELLENT SERVICE TO OUR CUSTOMERS.
Program accomplishments
- UTILIZING APPROXIMATELY 9,195 MILES OF DISTRIBUTION LINES, LEE COUNTY ELECTRIC COOPERATIVE, INC. PROVIDED 4,588,781,578 KILOWATT HOURS OF ELECTRIC ENERGY TO ITS CUSTOMERS LOCATED IN ITS SERVICE TERRITORY. THE SERVICE TERRITORY INCLUDED CAPE CORAL, NORTH FORT MYERS, MARCO ISLAND, SANIBEL AND CAPTIVA ISLANDS, PINE ISLAND, EVERGLADES CITY, IMMOKALEE, AVA MARIA, AND PARTS OF LEHIGH ACRES (ALL IN THE STATE OF FLORIDA).
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
- 59-0329555
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1945
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,262,768,758
- Income (IRS master file)
- $616,892,109
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $616,115,448 | $547,211,131 | $1,262,768,758 | XML |
| 990 | December 2023 | $608,109,826 | $504,779,733 | $1,061,061,386 | XML |
| 990 | December 2022 | $626,227,197 | $614,788,809 | $1,110,507,384 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 59-0329555).
Questions about LEE COUNTY ELECTRIC COOPERATIVE INC
- What is the EIN of LEE COUNTY ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of LEE COUNTY ELECTRIC COOPERATIVE INC is 59-0329555.
- Is LEE COUNTY ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1945.
- Are donations to LEE COUNTY ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LEE COUNTY 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 LEE COUNTY ELECTRIC 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 LEE COUNTY ELECTRIC 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 LEE COUNTY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names SARAH BULLOCK.
- Who are the officers and directors of LEE COUNTY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 24 people; 24 received compensation from the organization, the highest $723,445 (DENISE M VIDAL, EVP/CEO).
- How much revenue does LEE COUNTY ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $616,115,448, expenses of $547,211,131 and total assets of $1,262,768,758 at year end.
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