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Nonprofit · EIN 61-0337665

SHELBY ENERGY COOPERATIVE INC

Tax-exempt · SHELBYVILLE, KY 40065

Financials

$53.5M$53.5M2023$56.4M$56.4M2024
Revenue Expenses · by fiscal year end
Financials of SHELBY ENERGY COOPERATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$56,425,618$56,425,618$0$148,214,910$91,272,388$56,942,522
December 31, 2023990$53,500,392$53,500,392$0$143,497,321$88,096,467$55,400,854
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$53,858,134
Investment income
$207,383
Other revenue
$2,360,101

Expenses

Grants and similar amounts paid
$6,000
Benefits paid to members
$1,431,263
Compensation of officers, directors and key employees
$329,049
Other salaries and wages
$2,264,260
Salaries, compensation and benefits (total)
$3,389,432
Professional fundraising fees
$0
Legal fees
$77,943
Accounting fees
$22,150
Depreciation
$4,464,017

Balance sheet and other

Total assets, start of year
$143,497,321
Total assets, end of year
$148,214,910
Total liabilities, end of year
$91,272,388
Net assets, end of year
$56,942,522
Land, buildings and equipment
$99,056,197
Gross unrelated business income
$558,892
Gross receipts
$56,425,618
Employees
41
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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JACK BRAGG JRPRESIDENT & CEO
Key employee
50$233,506$26,011
JASON GINNOPERATIONS/CONTRACT RESOUR
Highest-paid employee
50$149,126$61,737
RANDY STEVENSSVP POWER DELIVERY SERVICE
Highest-paid employee
50$147,932$32,339
MICHAEL MORIARTYCFO
Highest-paid employee
50$148,474$25,277
JEFFREY LEALINE TECHNICIAN
Highest-paid employee
51$130,496$36,588
RICHARD SPOONAMORECREW LEADER
Highest-paid employee
50$132,184$33,124
PAT HARGADONDIRECTOR
Trustee or director
2$17,190$0
DIANA ARNOLDDIRECTOR
Trustee or director
2$16,153$0
JEFFREY JOYCEDIRECTOR
Trustee or director
2$16,000$0
ROGER TAYLORSEC/TREAS
Trustee or director, Officer
2$15,600$0
WAYNE STRATTONDIRECTOR
Trustee or director
2$15,600$0
ASHLEY CHILTONCHAIRMAN
Trustee or director, Officer
2$15,000$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
JACK BRAGG JRPRESIDENT & CEO
Key employee
50$213,942$4,586
JASON GINNOPERATIONS/CONTRACT RESOUR
Highest-paid employee
50$135,317$63,619
RANDY STEVENSSVP POWER DELIVERY SERVICE
Highest-paid employee
50$140,565$34,847
KELLY MICHELSLEAD LINE TECHNICIAN
Highest-paid employee
50$121,393$42,186
RICHARD SPOONAMORELEAD LINE TECHNICIAN
Highest-paid employee
48$119,770$39,223
DYLAN STAPLESENGINEERING MANAGER
Highest-paid employee
50$123,118$16,789
JEFFREY JOYCEDIRECTOR
Trustee or director
2$15,900$0
PAT HARGADONDIRECTOR
Trustee or director
2$14,890$0
DIANA ARNOLDDIRECTOR
Trustee or director
2$14,553$0
ASHLEY CHILTONCHAIRMAN
Trustee or director, Officer
2$14,300$0
ROGER TAYLORSEC/TREAS
Trustee or director, Officer
2$14,300$0
WAYNE STRATTONDIRECTOR
Trustee or director
2$14,300$0

Address and contacts

Address (IRS master file)
620 OLD FINCHVILLE RD, SHELBYVILLE, KY 40065-1714
Principal officer (990 for 2024)
SAME AS ABOVE
Signed the 990
JACK BRAGG JR, PRESIDENT & CEO
Phone
(502) 633-4420
Return prepared by
JONES NALE & MATTINGLY PLC

Mission

PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. PROVIDE ELECTRIC SERVICE TO OVER 18,040 CONSUMERS MONTHLY.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. PROVIDES ELECTRIC SERVICE TO OVER 18,040 CONSUMERS MONTHLY.
    Expenses $56,425,618 · grants $6,000 · revenue $54,499,607

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
61-0337665
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1941
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$148,214,910
Income (IRS master file)
$56,425,618

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$56,425,618$56,425,618$148,214,910IRS
990December 2023$53,500,392$53,500,392$143,497,321XML
990December 2022$57,952,933$57,952,933$137,224,148IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 61-0337665).

Questions about SHELBY ENERGY COOPERATIVE INC

What is the EIN of SHELBY ENERGY COOPERATIVE INC?
The employer identification number (EIN) of SHELBY ENERGY COOPERATIVE INC is 61-0337665.
Is SHELBY ENERGY COOPERATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1941.
Are donations to SHELBY ENERGY COOPERATIVE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SHELBY ENERGY 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 SHELBY ENERGY 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 SHELBY ENERGY 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 SHELBY ENERGY COOPERATIVE INC?
The 990 for the year ended December 31, 2024 names SAME AS ABOVE.
Who are the officers and directors of SHELBY ENERGY COOPERATIVE INC?
The 990 for the year ended December 31, 2024 lists 12 people; 12 received compensation from the organization, the highest $233,506 (JACK BRAGG JR, PRESIDENT & CEO).
How much revenue does SHELBY ENERGY COOPERATIVE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $56,425,618, expenses of $56,425,618 and total assets of $148,214,910 at year end.

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