Nonprofit · EIN 62-0204106
FORT LOUDOUN ELECTRIC COOPERATIVE
Tax-exempt · VONORE, TN 37885
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $93,154,859 | $89,411,764 | $3,743,095 | $121,371,766 | $18,332,346 | $103,039,420 |
| June 30, 2024 | 990 | $82,796,643 | $81,568,069 | $1,228,574 | $118,182,207 | $18,933,901 | $99,248,306 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $89,979,810
- Investment income
- $739,476
- Net rental income
- $2,435,573
- Other revenue
- $2,435,573
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,704,433
- Other salaries and wages
- $5,507,660
- Salaries, compensation and benefits (total)
- $7,212,093
- Professional fundraising fees
- $0
- Depreciation
- $6,630,018
Balance sheet and other
- Total assets, start of year
- $118,182,207
- Total assets, end of year
- $121,371,766
- Total liabilities, end of year
- $18,332,346
- Net assets, end of year
- $103,039,420
- Land, buildings and equipment
- $98,968,083
- Gross receipts
- $93,154,859
- Employees
- 85
- Volunteers
- 0
- Year formed
- 1940
- State of legal domicile
- TN
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JARROD BRACKETT | CEO Officer | 44 | $180,928 | $44,603 |
| LELAND CHAD KIRKPATRICK | VP Officer | 43 | $160,471 | $44,360 |
| SHANE SCHAFFER | SUPERVISOR Key employee | 59 | $158,907 | $39,914 |
| MICHAEL C WEBB | CFO Officer | 41 | $154,617 | $41,856 |
| PHILLIP TEAGUE | FOREMAN Highest-paid employee | 52 | $152,072 | $32,941 |
| DREW NOBLETT | JOURNEYMAN LINEMAN Highest-paid employee | 54 | $143,360 | $20,764 |
| MASSEY PRINCE | JOURNEYMAN LINEMAN Highest-paid employee | 54 | $147,203 | $16,509 |
| LISA LINGERFELT | VP Officer | 41 | $119,929 | $38,210 |
| ERIC GIBSON | FOREMAN Highest-paid employee | 50 | $131,951 | $21,379 |
| SHEILA MONTOOTH | VP Officer | 41 | $120,888 | $32,035 |
| ROBERT HUNT | FOREMAN Highest-paid employee | 53 | $130,787 | $20,225 |
| BEN WARD | DIRECTOR Trustee or director | 5 | $15,300 | $0 |
| DENNY STEPHENS | DIRECTOR Trustee or director | 5 | $14,400 | $0 |
| LEWIS JONES | DIRECTOR Trustee or director | 5 | $13,550 | $0 |
| MIKE WIGGINS | DIRECTOR Trustee or director | 5 | $13,520 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VERNON DAVIS | DIRECTOR Trustee or director | 5 | $11,250 |
| JR PUGH | DIRECTOR Trustee or director | 5 | $10,850 |
| ANGELA TALLENT | DIRECTOR Trustee or director | 5 | $10,500 |
| CRYSTAL GREENE | DIRECTOR Trustee or director | 5 | $8,250 |
| TOM GREENE | DIRECTOR Trustee or director | 5 | $4,700 |
| TODD PUGH | DIRECTOR Trustee or director | 5 | $1,000 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JARROD BRACKETT | CEO Officer | 55 | $191,437 | $43,045 |
| LELAND CHAD KIRKPATRICK | VP Officer | 45 | $169,471 | $42,308 |
| MICHAEL C WEBB | CFO Officer | 50 | $166,528 | $39,780 |
| SHANE SCHAFFER | SUPERVISOR Key employee | 56 | $165,324 | $38,781 |
| ROBERT HUNT | FOREMAN Highest-paid employee | 60 | $174,555 | $16,537 |
| PHILLIP TEAGUE | FOREMAN Highest-paid employee | 52 | $149,191 | $31,666 |
| LISA LINGERFELT | VP Officer | 45 | $132,462 | $35,572 |
| ERIC GIBSON | FOREMAN Highest-paid employee | 53 | $146,977 | $20,440 |
| JORDAN BEST | FOREMAN Highest-paid employee | 49 | $130,339 | $34,803 |
| SHEILA MONTOOTH | VP Officer | 45 | $123,319 | $29,654 |
| AARON REAGAN | JOURNEYMAN LINEMAN Highest-paid employee | 48 | $118,476 | $16,548 |
| MIKE WIGGINS | DIRECTOR Trustee or director | 5 | $11,310 | $0 |
| BEN WARD | DIRECTOR Trustee or director | 5 | $11,100 | $0 |
| DENNY STEPHENS | DIRECTOR Trustee or director | 5 | $10,500 | $0 |
| TOM GREENE | DIRECTOR Trustee or director | 5 | $10,050 | $0 |
| JR PUGH | DIRECTOR Trustee or director | 5 | $9,600 | $0 |
| LEWIS JONES | DIRECTOR Trustee or director | 5 | $8,700 | $0 |
| VERNON DAVIS | DIRECTOR Trustee or director | 5 | $8,550 | $0 |
| ANGELA TALLENT | DIRECTOR Trustee or director | 5 | $8,250 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1030, VONORE, TN 37885-1030
- In care of
- % PERATIVE
- Principal officer (990 for 2024)
- MICHAEL C WEBB, PO BOX 1030, VONORE, TN 37885
- Signed the 990
- MICHAEL C WEBB, CFO
- Phone
- (877) 353-2674
- Website
- WWW.FLEC.ORG
- Return prepared by
- HENDERSON HUTCHERSON & MCCULLOUGH PLLC
Mission
TO PROVIDE ELECTRICITY TO RURAL AREAS OF MONROE, LOUDON, AND BLOUNT COUNTIES IN EAST TENNESSEE.
Program accomplishments
- TO PROVIDE ELECTRICITY TO RURAL AREAS OF MONROE, LOUDON, AND BLOUNT COUNTIES IN EAST TENNESSEE.Expenses $89,411,764 · revenue $92,415,383
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 62-0204106
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $126,442,409
- Income (IRS master file)
- $97,381,480
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $93,154,859 | $89,411,764 | $121,371,766 | XML |
| 990 | June 2024 | $82,796,643 | $81,568,069 | $118,182,207 | XML |
| 990 | June 2023 | $83,744,387 | $80,369,305 | $117,508,880 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 62-0204106).
Questions about FORT LOUDOUN ELECTRIC COOPERATIVE
- What is the EIN of FORT LOUDOUN ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of FORT LOUDOUN ELECTRIC COOPERATIVE is 62-0204106.
- Is FORT LOUDOUN ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
- Are donations to FORT LOUDOUN ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FORT LOUDOUN ELECTRIC COOPERATIVE 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 FORT LOUDOUN ELECTRIC COOPERATIVE 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 FORT LOUDOUN ELECTRIC COOPERATIVE 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 FORT LOUDOUN ELECTRIC COOPERATIVE?
- The 990 for the year ended June 30, 2025 names MICHAEL C WEBB.
- Who are the officers and directors of FORT LOUDOUN ELECTRIC COOPERATIVE?
- The 990 for the year ended June 30, 2025 lists 21 people; 21 received compensation from the organization, the highest $180,928 (JARROD BRACKETT, CEO).
- How much revenue does FORT LOUDOUN ELECTRIC COOPERATIVE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $93,154,859, expenses of $89,411,764 and total assets of $121,371,766 at year end.
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