Nonprofit · EIN 61-0236522
JACKSON PURCHASE ENERGY CORPORATION
Tax-exempt · PADUCAH, KY 42001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $116,606,015 | $116,606,015 | $0 | $180,497,812 | $123,761,462 | $56,736,350 |
| December 31, 2024 | 990 | $98,068,015 | $98,068,015 | $0 | $165,528,722 | $111,390,833 | $54,137,889 |
| December 31, 2023 | 990 | $92,170,058 | $92,170,058 | $0 | $158,268,629 | $106,382,188 | $51,886,441 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $115,022,889
- Investment income
- $146,354
- Net gain from sales of assets
- -$65,993
- Other revenue
- $1,436,772
Expenses
- Grants and similar amounts paid
- $10,000
- Benefits paid to members
- $2,643,914
- Compensation of officers, directors and key employees
- $1,172,933
- Other salaries and wages
- $6,736,982
- Salaries, compensation and benefits (total)
- $11,318,001
- Professional fundraising fees
- $0
- Legal fees
- $61,283
- Accounting fees
- $24,600
- Depreciation
- $8,237,730
Balance sheet and other
- Total assets, start of year
- $165,528,722
- Total assets, end of year
- $180,497,812
- Total liabilities, end of year
- $123,761,462
- Net assets, end of year
- $56,736,350
- Land, buildings and equipment
- $148,799,972
- Gross receipts
- $116,795,185
- Employees
- 70
- Volunteers
- 0
- Year formed
- 1937
- State of legal domicile
- KY
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 |
|---|---|---|---|---|
| GREG GRISSOM | PRESIDENT & CEO Officer | 50 | $376,457 | $115,896 |
| JAMES TODD | CREW FOREMAN Highest-paid employee | 54 | $179,720 | $59,412 |
| WARD MORGAN | VP OF OPERATIONS & TECHNIC Key employee | 50 | $178,470 | $40,544 |
| DUSTIN COPE | LEAD SUBSTATION TECHNICIAN Highest-paid employee | 56 | $172,675 | $42,100 |
| MICAH JOINER | LEAD LINE TECHNICIAN Highest-paid employee | 54 | $171,509 | $42,100 |
| TYLER RICHARDSON | LINE TECHNICIAN Highest-paid employee | 58 | $171,107 | $42,067 |
| DAVID COTTON | LEAD LINE TECHNICIAN Highest-paid employee | 55 | $170,209 | $42,100 |
| MEREDITH KENDALL | VP, ACCOUNTING & FINANCE Officer | 50 | $169,451 | $38,984 |
| TRAVIS SPICELAND | VP OF ENGINEERING Key employee | 50 | $165,269 | $39,016 |
| MARK LINDSEY | VP OF MEMBER SERVICES Key employee | 50 | $161,236 | $38,423 |
| ERICK HARRIS | CHAIRMAN Trustee or director, Officer | 7.5 | $17,000 | $0 |
| LEE BEARDEN | DIRECTOR Trustee or director | 7.5 | $16,650 | $0 |
| DAVID BROWN | DIRECTOR Trustee or director | 7.5 | $16,600 | $0 |
| JACK MARSHALL | VICE CHAIRMAN Trustee or director, Officer | 7.5 | $15,225 | $0 |
| WAYNE ELLIOTT | SECRETARY/TREASURER Trustee or director, Officer | 7.5 | $14,600 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRY TEITLOFF | DIRECTOR Trustee or director | 7.5 | $14,600 |
| JOSHUA BARNES | DIRECTOR Trustee or director | 7.5 | $14,225 |
| KEVIN BELL | DIRECTOR Trustee or director | 7.5 | $13,150 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GREG GRISSOM | PRESIDENT & CEO Officer | 50 | $361,523 | $113,498 |
| MICHAEL WASHAM | CREW LEADER Highest-paid employee | 54 | $160,966 | $54,075 |
| JAMES TODD | CREW LEADER Highest-paid employee | 53 | $157,902 | $54,075 |
| WARD MORGAN | VP OF OPERATIONS & TECHNICAL SERVICES Key employee | 50 | $172,591 | $38,844 |
| TERRY DOUBLIN | CREW LEADER Highest-paid employee | 53 | $155,733 | $53,881 |
| KENNY HARPER | CREW LEADER Highest-paid employee | 53 | $154,894 | $54,075 |
| TYLER RICHARDSON | LINE TECHNICIAN Highest-paid employee | 59 | $153,761 | $37,452 |
| MEREDITH KENDALL | VP, ACCOUNTING & FINANCE Officer | 50 | $151,732 | $36,281 |
| ERICK HARRIS | CHAIRMAN Trustee or director, Officer | 7.5 | $10,400 | $0 |
| LEE BEARDEN | DIRECTOR Trustee or director | 7.5 | $10,250 | $0 |
| DAVID BROWN | DIRECTOR Trustee or director | 7.5 | $9,850 | $0 |
| JACK MARSHALL | VICE CHAIRMAN Trustee or director, Officer | 7.5 | $8,225 | $0 |
| JOSHUA BARNES | DIRECTOR Trustee or director | 7.5 | $8,225 | $0 |
| TERRY TEITLOFF | DIRECTOR Trustee or director | 7.5 | $8,225 | $0 |
| WAYNE ELLIOTT | SECRETARY/TREASURER Trustee or director, Officer | 7.5 | $7,800 | $0 |
| KEVIN BELL | DIRECTOR Trustee or director | 7.5 | $7,800 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GREG GRISSOM | PRESIDENT & CEO Key employee | 50 | $346,287 | $110,323 |
| MICHAEL WASHAM | CREW LEADER Highest-paid employee | 50 | $159,138 | $52,065 |
| JAMES TODD | CREW LEADER Highest-paid employee | 50 | $152,634 | $52,065 |
| TERRY DOUBLIN | CREW LEADER Highest-paid employee | 50 | $151,634 | $52,065 |
| WARD MORGAN | VP OF OPERATIONS & TECHNIC Officer | 50 | $165,362 | $36,952 |
| KENNY HARPER | CREW LEADER Highest-paid employee | 50 | $149,363 | $52,065 |
| SCOTT ADAIR | VP OF HR & MEMBERS SVCS Officer | 50 | $159,777 | $36,001 |
| JASON GIPSON | CREW LEADER Highest-paid employee | 50 | $153,314 | $40,741 |
| MEREDITH KENDALL | VP, ACCOUNTING & FINANCE Officer | 50 | $135,846 | $33,331 |
| TRAVIS SPICELAND | VP OF ENGINEERING Officer | 50 | $133,212 | $33,616 |
| DAVID BROWN | DIRECTOR Trustee or director | 7.5 | $10,875 | $0 |
| TERRY TEITLOFF | DIRECTOR Trustee or director | 7.5 | $10,875 | $0 |
| ERICK HARRIS | CHAIRMAN Trustee or director, Officer | 7.5 | $10,800 | $0 |
| LEE BEARDEN | DIRECTOR Trustee or director | 7.5 | $10,225 | $0 |
| JACK MARSHALL | VICE CHAIRMAN Trustee or director, Officer | 7.5 | $9,850 | $0 |
| KEVIN BELL | DIRECTOR Trustee or director | 7.5 | $9,550 | $0 |
| JOSHUA BARNES | DIRECTOR Trustee or director | 7.5 | $8,525 | $0 |
| WAYNE ELLIOTT | SECRETARY TREAS Trustee or director, Officer | 7.5 | $7,800 | $0 |
Address and contacts
- Address (IRS master file)
- 6525 US HIGHWAY 60 W, PADUCAH, KY 42001-9083
- Principal officer (990 for 2025)
- GREG H GRISSOM, 6625 US HIGHWAY 60W, PADUCAH, KY 42001
- Signed the 990
- GREG H GRISSOM, PRESIDENT & CEO
- Phone
- (270) 442-7321
- Website
- WWW.JPENERGY.COM
- Return prepared by
- JONES NALE & MATTINGLY PLC
Mission
DISTRIBUTION SALES OF ELECTRICITY TO APPROXIMATELY 30,807 MEMBER OWNERS ON A PATRONAGE BASIS.
Program accomplishments
- PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 30,807 MEMBERS ON A MONTHLY BASIS.Expenses $116,606,015 · grants $10,000 · revenue $115,784,006
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
- 61-0236522
- 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)
- $180,497,812
- Income (IRS master file)
- $116,795,185
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $116,606,015 | $116,606,015 | $180,497,812 | IRS |
| 990 | December 2024 | $98,068,015 | $98,068,015 | $165,528,722 | IRS |
| 990 | December 2023 | $92,170,058 | $92,170,058 | $158,268,629 | XML |
| 990 | December 2022 | $99,427,396 | $99,427,396 | $156,746,077 | 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 61-0236522).
Questions about JACKSON PURCHASE ENERGY CORPORATION
- What is the EIN of JACKSON PURCHASE ENERGY CORPORATION?
- The employer identification number (EIN) of JACKSON PURCHASE ENERGY CORPORATION is 61-0236522.
- Is JACKSON PURCHASE ENERGY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1939.
- Are donations to JACKSON PURCHASE ENERGY CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does JACKSON PURCHASE ENERGY CORPORATION 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 JACKSON PURCHASE ENERGY CORPORATION 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 JACKSON PURCHASE ENERGY CORPORATION 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 JACKSON PURCHASE ENERGY CORPORATION?
- The 990 for the year ended December 31, 2025 names GREG H GRISSOM.
- Who are the officers and directors of JACKSON PURCHASE ENERGY CORPORATION?
- The 990 for the year ended December 31, 2025 lists 18 people; 18 received compensation from the organization, the highest $376,457 (GREG GRISSOM, PRESIDENT & CEO).
- How much revenue does JACKSON PURCHASE ENERGY CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $116,606,015, expenses of $116,606,015 and total assets of $180,497,812 at year end.
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