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Nonprofit · EIN 61-0305525

PENNYRILE RURAL ELECTRIC COOPERATIVE CORPORATION

Tax-exempt · HOPKINSVILLE, KY 42241

Financials

$151.2M$144.4M2023$168.6M$159M2024
Revenue Expenses · by fiscal year end
Financials of PENNYRILE RURAL ELECTRIC COOPERATIVE CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$168,588,866$159,005,030$9,583,836$312,768,756$155,530,411$157,238,345
June 30, 2024990$151,249,772$144,436,918$6,812,854$308,644,525$161,066,374$147,578,151
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$159,338,578
Investment income
$1,926,232
Net rental income
$7,272,831
Other revenue
$7,324,056

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$909,397
Other salaries and wages
$5,511,926
Salaries, compensation and benefits (total)
$9,548,282
Professional fundraising fees
$0
Legal fees
$81,309
Accounting fees
$38,000
Occupancy
$7,124,237
Travel
$166,866
Depreciation
$12,301,664

Balance sheet and other

Total assets, start of year
$308,644,525
Total assets, end of year
$312,768,756
Total liabilities, end of year
$155,530,411
Net assets, end of year
$157,238,345
Land, buildings and equipment
$252,255,691
Gross receipts
$168,588,866
Employees
114
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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Alan GatesPresident/CEO
Officer
65$390,580$40,701
Robert C StandardLine Foreman
Highest-paid employee
80$226,093$29,825
Sandy GroganVice President Finance & Accounting
Officer
60$173,580$28,949
William StokesVP Operations
Highest-paid employee
60$167,837$30,001
Brent GilkeyVice President Member Services & Communication
Highest-paid employee
60$163,958$28,464
Mark GiltnerVice President Human Resources
Highest-paid employee
60$159,998$28,744
Philip AdlerLineman
Highest-paid employee
61$161,955$20,645
James FutrellBoard Member
Trustee or director
6.81$21,070$0
George FoxChairman
Trustee or director
6.29$20,965$0
Robert AllenVice Chairman
Trustee or director
6.19$20,415$0
Bates Payne JrBoard Member
Trustee or director
5.42$19,145$0
Bryson PriceBoard Member
Trustee or director
5.13$18,595$0
Duane MooreAssistant Secretary-Treasurer
Trustee or director
4.52$17,495$0
Joe E RogersSecretary-Treasurer
Trustee or director
4.44$17,326$0
James W LearBoard Member
Trustee or director
4.6$16,196$0
990 for the year ended June 30, 2024: 15 people
NameTitleHours / weekCompensationOther / benefits
Alan GatesPresident/CEO
Officer
65$384,343$45,803
Robert C StandardLine Foreman
Highest-paid employee
88$244,475$30,397
Sandy GroganVice President Finance & Accounting
Officer
60$166,008$29,762
Brent GilkeyVice President Member Services & Communication
Highest-paid employee
60$157,207$29,274
William StokesVP Operations
Highest-paid employee
60$151,099$29,112
Philip AdlerLineman
Highest-paid employee
60$153,635$21,307
Mark GiltnerVice President Human Resources
Highest-paid employee
60$146,841$26,507
James FutrellBoard Member
Trustee or director
6.94$22,698$0
George FoxChairman
Trustee or director
5.4$19,673$0
Bryson PriceBoard Member
Trustee or director
5.13$18,573$0
Robert AllenVice Chairman
Trustee or director
4.81$18,298$0
James W LearBoard Member
Trustee or director
4.88$17,831$0
Joe E RogersSecretary-Treasurer
Trustee or director
4.88$17,585$0
Bates Payne JrBoard Member
Trustee or director
4.02$17,473$0
Duane MooreAssistant Secretary-Treasurer
Trustee or director
3.27$15,273$0

Address and contacts

Address (IRS master file)
PO BOX 2900, HOPKINSVILLE, KY 42241-2900
In care of
% SANDY GROGAN
Principal officer (990 for 2024)
Pennyrile Rural Electric Alan Gates, PO Box 2900, Hopkinsville, KY 422412900
Signed the 990
Sandy Grogan, VP Finance & Accounting
Phone
(270) 886-2555

Mission

Utility Systems Program - Sale of Electricity to Members

990 for the year ended June 30, 2025

Program accomplishments

  • Utility Systems Programs: Sale of Electricity to Members
    revenue $159,338,578

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
61-0305525
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1965
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$312,768,756
Income (IRS master file)
$168,588,866

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$168,588,866$159,005,030$312,768,756IRS
990June 2024$151,249,772$144,436,918$308,644,525XML
990June 2023$153,031,041$147,431,289$293,745,572IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2019–––IRS
990June 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 61-0305525).

Questions about PENNYRILE RURAL ELECTRIC COOPERATIVE CORPORATION

What is the EIN of PENNYRILE RURAL ELECTRIC COOPERATIVE CORPORATION?
The employer identification number (EIN) of PENNYRILE RURAL ELECTRIC COOPERATIVE CORPORATION is 61-0305525.
Is PENNYRILE RURAL ELECTRIC COOPERATIVE CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1965.
Are donations to PENNYRILE RURAL ELECTRIC COOPERATIVE CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PENNYRILE RURAL ELECTRIC COOPERATIVE 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 PENNYRILE RURAL ELECTRIC COOPERATIVE CORPORATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PENNYRILE RURAL ELECTRIC COOPERATIVE CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of PENNYRILE RURAL ELECTRIC COOPERATIVE CORPORATION?
The 990 for the year ended June 30, 2025 names Pennyrile Rural Electric Alan Gates.
Who are the officers and directors of PENNYRILE RURAL ELECTRIC COOPERATIVE CORPORATION?
The 990 for the year ended June 30, 2025 lists 15 people; 15 received compensation from the organization, the highest $390,580 (Alan Gates, President/CEO).
How much revenue does PENNYRILE RURAL ELECTRIC COOPERATIVE CORPORATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $168,588,866, expenses of $159,005,030 and total assets of $312,768,756 at year end.

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