Nonprofit · EIN 61-0447602
GRAYSON RURAL ELECTRIC COOPERATIVE CORPORATION
Tax-exempt · GRAYSON, KY 41143
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $41,680,734 | $41,680,734 | $0 | $91,959,236 | $48,893,654 | $43,065,582 |
| December 31, 2024 | 990 | $40,083,276 | $40,083,276 | $0 | $90,678,862 | $49,532,404 | $41,146,458 |
| December 31, 2023 | 990 | $41,054,365 | $41,054,365 | $0 | $92,629,124 | $52,319,970 | $40,309,154 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $245,362
- of which government grants
- $245,362
- Program service revenue
- $39,505,313
- Investment income
- $248,389
- Net rental income
- $6,000
- Net gain from sales of assets
- $34,325
- Other revenue
- $1,681,670
Expenses
- Grants and similar amounts paid
- $10,000
- Benefits paid to members
- $2,186,645
- Compensation of officers, directors and key employees
- $297,881
- Other salaries and wages
- $3,265,835
- Salaries, compensation and benefits (total)
- $6,352,898
- Professional fundraising fees
- $0
- Legal fees
- $31,431
- Accounting fees
- $31,805
- Depreciation
- $4,428,380
Balance sheet and other
- Total assets, start of year
- $90,678,862
- Total assets, end of year
- $91,959,236
- Total liabilities, end of year
- $48,893,654
- Net assets, end of year
- $43,065,582
- Land, buildings and equipment
- $60,329,271
- Gross receipts
- $41,680,734
- Employees
- 46
- Volunteers
- 0
- Year formed
- 1950
- 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 |
|---|---|---|---|---|
| BRADLEY CHERRY | PRESIDENT/CEO Officer | 40 | $134,130 | $68,549 |
| CHRISTOPHER MOSIER | MAINTENANCE LEADMAN Highest-paid employee | 40 | $144,306 | $41,512 |
| JAMES WITHROW | MAINTENANCE LEADMAN Highest-paid employee | 40 | $130,513 | $52,957 |
| SHANE MCDAVID | MAINTENANCE LEADMAN Highest-paid employee | 40 | $130,247 | $52,957 |
| RYAN RICE | CONSTRUCTION LEADMAN Highest-paid employee | 40 | $121,264 | $53,544 |
| JASON PORTER | MAINTENANCE LEADMAN Highest-paid employee | 40 | $121,058 | $52,957 |
| SHERRY BUCKLER | MANAGER OF ACCOUNTING & HR Officer | 40 | $86,551 | $54,270 |
| DANNY MABRY | DIRECTOR Trustee or director | 1.6 | $15,200 | $0 |
| JIMMY WHITT | DIRECTOR Trustee or director | 2.54 | $13,100 | $0 |
| KAYLA WEBB | SECRETARY/TREASURER Trustee or director, Officer | 1.46 | $12,900 | $0 |
| JIM BENTLEY | VICE CHAIRMAN Trustee or director, Officer | 1.12 | $12,300 | $0 |
| TONYA SLONE | DIRECTOR Trustee or director | 1.17 | $12,000 | $0 |
| HAROLD DUPUY | CHAIRMAN Trustee or director, Officer | 1.79 | $11,700 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRADLEY CHERRY | PRESIDENT/CEO Officer | 40 | $128,228 | $65,793 |
| CHRISTOPHER MOSIER | MAINTENANCE LEADMAN Highest-paid employee | 40 | $141,191 | $40,857 |
| JAMES WITHROW | MAINTENANCE LEADMAN Highest-paid employee | 40 | $128,397 | $51,784 |
| MICHAEL R BLEVINS | MAINTENANCE LEADMAN Highest-paid employee | 40 | $126,919 | $51,937 |
| JASON PORTER | MAINTENANCE LEADMAN Highest-paid employee | 40 | $120,814 | $51,784 |
| RYAN RICE | CONSTRUCTION LEADMAN Highest-paid employee | 40 | $120,046 | $52,405 |
| SHERRY BUCKLER | MANAGER OF ACCOUNTING & HR Officer | 40 | $88,109 | $51,949 |
| DANNY MABRY | DIRECTOR Trustee or director | 2.54 | $13,800 | $0 |
| KAYLA WEBB | SECRETARY/TREASURER Trustee or director, Officer | 2.46 | $12,800 | $0 |
| JIMMY WHITT | DIRECTOR Trustee or director | 3.54 | $12,400 | $0 |
| HAROLD DUPUY | CHAIRMAN Trustee or director, Officer | 2.25 | $11,800 | $0 |
| JIM BENTLEY | VICE CHAIRMAN Trustee or director, Officer | 1.06 | $10,800 | $0 |
| TONYA SLONE | DIRECTOR Trustee or director | 0.88 | $10,000 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRADLEY CHERRY | PRESIDENT/CEO Officer | 40 | $124,126 | $61,916 |
| KYLE CLEVENGER | MGR OF OPERATIONS Highest-paid employee | 40 | $114,310 | $57,239 |
| BRIAN POLING | MGR OF TECH SERVICES Highest-paid employee | 40 | $112,667 | $57,768 |
| MICHAEL R BLEVINS | MAINTENANCE LEADMAN Highest-paid employee | 40 | $111,542 | $48,040 |
| CHRISTOPHER MOSIER | MAINTENANCE LEADMAN Highest-paid employee | 40 | $122,068 | $37,041 |
| MICHAEL L MARTIN | ASST. MGR. OF OPERATIONS Highest-paid employee | 40 | $112,618 | $45,071 |
| DANNY MABRY | DIRECTOR Trustee or director | 2.83 | $14,200 | $0 |
| JIMMY WHITT | DIRECTOR Trustee or director | 3.42 | $14,000 | $0 |
| KAYLA WEBB | SECRETARY/TREASURER Trustee or director, Officer | 2.35 | $12,400 | $0 |
| JIM BENTLEY | VICE CHAIRMAN Trustee or director, Officer | 1.75 | $12,000 | $0 |
| HAROLD DUPUY | CHAIRMAN Trustee or director, Officer | 2.19 | $12,000 | $0 |
Address and contacts
- Address (IRS master file)
- 109 BAGBY PARK ST, GRAYSON, KY 41143-1203
- Principal officer (990 for 2025)
- BRADLEY CHERRY, 109 BAGBY PARK, GRAYSON, KY 41143
- Signed the 990
- BRADLEY CHERRY, PRESIDENT & CEO
- Phone
- (606) 474-5136
- Website
- WWW.GRAYSONRECC.COM
- Return prepared by
- JONES NALE & MATTINGLY PLC
Mission
PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 15,639 CUSTOMERS PER MONTH.
Program accomplishments
- PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 15,639 CUSTOMERS PER MONTH.Expenses $41,680,734 · grants $10,000 · revenue $40,553,514
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
- 61-0447602
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1953
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $91,959,236
- Income (IRS master file)
- $41,680,734
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $41,680,734 | $41,680,734 | $91,959,236 | IRS |
| 990 | December 2024 | $40,083,276 | $40,083,276 | $90,678,862 | IRS |
| 990 | December 2023 | $41,054,365 | $41,054,365 | $92,629,124 | XML |
| 990 | December 2022 | $43,062,397 | $43,062,397 | $94,665,552 | 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 61-0447602).
Questions about GRAYSON RURAL ELECTRIC COOPERATIVE CORPORATION
- What is the EIN of GRAYSON RURAL ELECTRIC COOPERATIVE CORPORATION?
- The employer identification number (EIN) of GRAYSON RURAL ELECTRIC COOPERATIVE CORPORATION is 61-0447602.
- Is GRAYSON RURAL ELECTRIC COOPERATIVE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1953.
- Are donations to GRAYSON RURAL ELECTRIC COOPERATIVE CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GRAYSON 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 GRAYSON RURAL ELECTRIC COOPERATIVE 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 GRAYSON RURAL ELECTRIC COOPERATIVE 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 GRAYSON RURAL ELECTRIC COOPERATIVE CORPORATION?
- The 990 for the year ended December 31, 2025 names BRADLEY CHERRY.
- Who are the officers and directors of GRAYSON RURAL ELECTRIC COOPERATIVE CORPORATION?
- The 990 for the year ended December 31, 2025 lists 13 people; 13 received compensation from the organization, the highest $134,130 (BRADLEY CHERRY, PRESIDENT/CEO).
- How much revenue does GRAYSON RURAL ELECTRIC COOPERATIVE CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $41,680,734, expenses of $41,680,734 and total assets of $91,959,236 at year end.
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