Nonprofit · EIN 59-0469125
SUMTER ELECTRIC COOPERATIVE INC
Tax-exempt · SUMTERVILLE, FL 33585
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $523,542,477 | $503,363,052 | $20,179,425 | $1,413,030,769 | $1,009,422,747 | $403,608,022 |
| December 31, 2023 | 990 | $482,988,385 | $472,468,328 | $10,520,057 | $1,223,281,639 | $856,344,054 | $366,937,585 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $522,892,624
- Investment income
- $619,381
- Net rental income
- $30,472
- Net gain from sales of assets
- $198,579
- Other revenue
- $30,472
Expenses
- Grants and similar amounts paid
- $36,000
- Benefits paid to members
- $3,921,290
- Compensation of officers, directors and key employees
- $6,542,523
- Other salaries and wages
- $1,705,453
- Salaries, compensation and benefits (total)
- $8,387,361
- Professional fundraising fees
- $0
- Depreciation
- $36,081,739
Balance sheet and other
- Total assets, start of year
- $1,223,281,639
- Total assets, end of year
- $1,413,030,769
- Total liabilities, end of year
- $1,009,422,747
- Net assets, end of year
- $403,608,022
- Land, buildings and equipment
- $1,100,152,511
- Gross unrelated business income
- $30,472
- Gross receipts
- $523,581,472
- Employees
- 501
- Volunteers
- 0
- Year formed
- 1938
- 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 |
|---|---|---|---|---|
| CURTIS WYNN | CEO Officer | 60 | $1,077,366 | $156,534 |
| JOHN LASELVA | COO Key employee | 60 | $862,480 | $90,366 |
| GREGGORY H MORRELL | CCSO Key employee | 60 | $705,913 | $95,551 |
| BENJAMIN DAWSON | COO - INTERIM Key employee | 50 | $457,299 | $138,522 |
| ANH REYNOLDS | VP - FIN & ADMIN SVC Key employee | 65 | $409,388 | $91,744 |
| LONNIE W PENNINGTON | VP RELIABILITY & OPERATIONS Key employee | 55 | $364,312 | $123,461 |
| TRACY DE LEMOS | VP CORP GEN COUNSEL Key employee | 55 | $397,716 | $72,610 |
| RONALD V SUMMERS | DIRECTOR OF TECHNICAL SERVICES Highest-paid employee | 40 | $262,944 | $139,567 |
| MARK R BOWLING | DISTRIBUTION SUPERINTENDENT Highest-paid employee | 50 | $253,124 | $88,709 |
| JERRY T BROWN | DIRECTOR OF SYSTEM OPERATIONS Highest-paid employee | 50 | $267,110 | $71,079 |
| APRIL BROWN | VP OF HUMAN RESOURCES & CORP SVCS Key employee | 50 | $279,473 | $55,297 |
| COREY JAMES PRICE | LINE TECH-1ST CLASS Highest-paid employee | 60 | $289,437 | $29,294 |
| SHAUN T LAMAR | MGR OF INF TECH Highest-paid employee | 50 | $222,093 | $82,101 |
| RALPH LEE GRANT | VP OF ENGINEERING Key employee | 45 | $226,584 | $63,455 |
| KATHY D JUDKINS | VP OF COMMUNICATIONS, COMMUNITY & MEMBER EXP Key employee | 50 | $206,233 | $68,118 |
13 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KATHRYN E GLORIA | VP COR COMM & ENG SV Key employee | 50 | $255,418 | $16,622 |
| JAMES P DUNCAN | FORMER CEO Former | 0 | $139,385 | $0 |
| SHANNON WRIGHT | TRUSTEE Trustee or director | 10 | $45,929 | $0 |
| GERALD ANDERSON | TRUSTEE - PRESIDENT Trustee or director, Officer | 15 | $43,229 | $0 |
| JOSEPH KUSIAK | TRUSTEE Trustee or director | 10 | $39,029 | $0 |
| MORGAN HATFIELD | TRUSTEE - SEC/TREAS Trustee or director, Officer | 10 | $38,129 | $0 |
| MICHAEL MUFFETT | TRUSTEE Trustee or director | 10 | $36,779 | $0 |
| JOYCE ANDERSON | TRUSTEE Trustee or director | 10 | $35,279 | $0 |
| SCOTT BOYATT | TRUSTEE - VICE PRES Trustee or director, Officer | 10 | $31,129 | $0 |
| MARTIN PROCTOR | TRUSTEE - BEG 3/24 Trustee or director | 16 | $28,524 | $0 |
| JAMES LAMOTTE | TRUSTEE - BEG 4/24 Trustee or director | 10 | $24,777 | $0 |
| WILLIAM JAMES JR | TRUSTEE - THRU 2/24 Trustee or director | 10 | $4,506 | $0 |
| RICHARD DENNISON | TRUSTEE - THRU 1/24 Trustee or director | 10 | $751 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN LASELVA | COO Key employee | 60 | $965,366 | $159,271 |
| CURTIS WYNN | CEO Officer | 55 | $743,921 | $150,789 |
| GREGGORY H MORRELL | CCSO Key employee | 60 | $520,306 | $90,080 |
| KATHRYN E GLORIA | VP COR COMM Key employee | 50 | $398,047 | $111,594 |
| BENJAMIN DAWSON | VP GROWTH, S Key employee | 60 | $347,594 | $140,414 |
| MICHEAL WHITE | VP OF ENGINE Key employee | 60 | $415,754 | $46,948 |
| TRACY DE LEMOS | VP CORP GEN Key employee | 50 | $340,867 | $69,091 |
| LONNIE W PENNINGTON | MGR ENGINEER Highest-paid employee | 50 | $252,279 | $113,518 |
| ANH REYNOLDS | VP - FIN & A Key employee | 60 | $289,995 | $67,320 |
| SHAUN T LAMAR | MGR OF INF T Highest-paid employee | 60 | $211,131 | $87,091 |
| LATRICIA HELTON | SYSTEM CONTR Highest-paid employee | 62.73 | $248,323 | $40,249 |
| MARIETTA HICKS | MGR ENG SVCS Highest-paid employee | 45 | $201,629 | $78,734 |
| COREY JAMES PRICE | LINE TECH-1S Highest-paid employee | 45 | $244,322 | $25,553 |
| EUGENE V KANIKOVSKY | CFO Officer | 57 | $183,769 | $46,865 |
| JAMES P DUNCAN | FORMER CEO Former | 0 | $134,614 | $0 |
| GERALD ANDERSON | TRUSTEE - PR Trustee or director, Officer | 20 | $34,554 | $0 |
| SHANNON WRIGHT | TRUSTEE Trustee or director | 8 | $31,053 | $0 |
| MICHAEL MUFFETT | TRUSTEE Trustee or director | 7 | $28,853 | $0 |
| MORGAN HATFIELD | TRUSTEE - SE Trustee or director, Officer | 5 | $28,604 | $0 |
| JOSEPH KUSIAK | TRUSTEE Trustee or director | 12 | $27,103 | $0 |
| WILLIAM JAMES JR | TRUSTEE Trustee or director | 4 | $25,753 | $0 |
| RICHARD DENNISON | TRUSTEE Trustee or director | 6 | $24,853 | $0 |
| JOYCE ANDERSON | TRUSTEE Trustee or director | 10 | $24,203 | $0 |
| SCOTT BOYATT | TRUSTEE - VI Trustee or director, Officer | 10 | $21,554 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 301, SUMTERVILLE, FL 33585-0301
- Principal officer (990 for 2024)
- CURTIS WYNN, PO BOX 301, SUMTERVILLE, FL 335850301
- Signed the 990
- CURTIS WYNN, CEO
- Phone
- (352) 793-3801
- Website
- WWW.SECOENERGY.COM
- Return prepared by
- PURVIS GRAY & COMPANY LLP
Mission
AS A NOT-FOR-PROFIT COOPERATIVE, SECO ENERGY PROVIDES RELIABLE AND INNOVATIVE ENERGY SERVICES TO OUR MEMBERS AND COMMUNITIES.
Program accomplishments
- SALE AND DISTRIBUTION OF ELECTRICITY TO 252,543 ACCOUNTS IN THE COOPERATIVE'S SERVICE AREA.
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
- 59-0469125
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1939
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,413,030,769
- Income (IRS master file)
- $523,581,472
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $523,542,477 | $503,363,052 | $1,413,030,769 | XML |
| 990 | December 2023 | $482,988,385 | $472,468,328 | $1,223,281,639 | XML |
| 990 | December 2022 | $537,389,478 | $526,256,107 | $1,126,136,135 | 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 59-0469125).
Questions about SUMTER ELECTRIC COOPERATIVE INC
- What is the EIN of SUMTER ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of SUMTER ELECTRIC COOPERATIVE INC is 59-0469125.
- Is SUMTER ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1939.
- Are donations to SUMTER ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SUMTER 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 SUMTER 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 SUMTER 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 SUMTER ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names CURTIS WYNN.
- Who are the officers and directors of SUMTER ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 28 people; 28 received compensation from the organization, the highest $1,077,366 (CURTIS WYNN, CEO).
- How much revenue does SUMTER ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $523,542,477, expenses of $503,363,052 and total assets of $1,413,030,769 at year end.
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