Nonprofit · EIN 62-0352367
SEQUACHEE VALLEY ELECTRIC COOPERATIVE
Tax-exempt · S PITTSBURG, TN 37380
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $121,157,075 | $113,066,623 | $8,090,452 | $195,168,121 | $70,296,101 | $124,872,020 |
| June 30, 2024 | 990 | $112,012,967 | $104,899,096 | $7,113,871 | $180,374,420 | $63,526,034 | $116,848,386 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $64,989
- of which government grants
- $64,989
- Program service revenue
- $120,246,546
- Investment income
- $696,153
- Net gain from sales of assets
- $758
- Other revenue
- $149,387
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,098,118
- Other salaries and wages
- $8,183,418
- Salaries, compensation and benefits (total)
- $12,784,060
- Professional fundraising fees
- $0
- Legal fees
- $34,654
- Accounting fees
- $30,625
- Occupancy
- $1,435,925
- Travel
- $145,615
- Depreciation
- $9,196,710
Balance sheet and other
- Total assets, start of year
- $180,374,420
- Total assets, end of year
- $195,168,121
- Total liabilities, end of year
- $70,296,101
- Net assets, end of year
- $124,872,020
- Land, buildings and equipment
- $160,258,110
- Gross receipts
- $121,157,075
- Employees
- 89
- Year formed
- 1939
- 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 |
|---|---|---|---|---|
| TERRY MICHAEL PARTIN | PRESIDENT/CE Officer | 45 | $346,646 | $186,911 |
| DANNY KIRKENDOLL | VP-ENGINEERI Key employee | 50 | $224,707 | $131,066 |
| SUSAN B DUGGAR | VP-CUSTOMER Key employee | 50 | $155,009 | $93,578 |
| CHRISTOPHER L BROWN | JOURNEYMAN L Highest-paid employee | 52 | $169,813 | $34,291 |
| ADAM BLEVINS | JOURNEYMAN L Highest-paid employee | 50 | $158,980 | $34,528 |
| WILLIAM F BRADFORD | JOURNEYMAN L Highest-paid employee | 49 | $156,152 | $36,394 |
| MATTHEW H BREWER | VP-ADMIN. SE Officer | 45 | $150,035 | $37,745 |
| ROBERSON C BRYANT | JOURNEYMAN L Highest-paid employee | 47 | $163,048 | $24,584 |
| ZACHARY B STEWART | JOURNEYMAN L Highest-paid employee | 48 | $158,536 | $17,721 |
| MICHAEL JORDAN | BOARD CHAIRM Trustee or director, Officer | 1 | $11,025 | $0 |
| WILLIAM GASTON | DIRECTOR Trustee or director | 6 | $9,810 | $0 |
| JERRY DON THOMAS | DIRECTOR Trustee or director | 3 | $9,045 | $0 |
| RANDALL GILLIAM | DIRECTOR Trustee or director | 1.5 | $9,045 | $0 |
| JUDY FULTS | SECRETARY/TR Trustee or director, Officer | 6 | $8,900 | $0 |
| BOBBY GRAVITT JR | DIRECTOR Trustee or director | 5 | $8,690 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES R YOUNG | DIRECTOR Trustee or director | 8 | $8,160 |
| TRAVIS SMITH | DIRECTOR Trustee or director | 3 | $7,740 |
| ROGER POWELL | VICE-CHAIRMA Trustee or director, Officer | 4 | $7,095 |
| EMILY LANE | DIRECTOR Trustee or director | 4 | $6,575 |
| DANIEL DAVENPORT | DIRECTOR Trustee or director | 0.5 | $6,450 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERRY MICHAEL PARTIN | PRESIDENT/CE Officer | 50 | $327,654 | $131,652 |
| DANNY KIRKENDOLL | VP-ENGINEERI Key employee | 45 | $212,557 | $105,478 |
| SAMUEL MYERS | DIST. OPERAT Highest-paid employee | 40 | $216,364 | $20,399 |
| SUSAN B DUGGAR | VP-CUSTOMER Highest-paid employee | 40 | $147,733 | $81,957 |
| WILLIAM F BRADFORD | JOURNEYMAN L Highest-paid employee | 57 | $156,891 | $34,527 |
| ADAM BLEVINS | JOURNEYMAN L Highest-paid employee | 56 | $153,696 | $25,012 |
| MATTHEW BREWER | VP-ADMIN. SE Officer | 50 | $140,781 | $35,068 |
| ZACHARY B STEWART | JOURNEYMAN L Highest-paid employee | 55 | $153,417 | $16,319 |
| WILLIAM GASTON | DIRECTOR Trustee or director | 1 | $11,680 | $0 |
| MICHAEL JORDAN | BOARD CHAIRM Trustee or director, Officer | 2 | $10,905 | $0 |
| JUDY FULTS | SECRETARY/TR Trustee or director, Officer | 4 | $9,795 | $0 |
| JERRY DON THOMAS | DIRECTOR Trustee or director | 3.5 | $9,045 | $0 |
| RANDALL GILLIAM | DIRECTOR Trustee or director | 1.5 | $8,465 | $0 |
| BOBBY GRAVITT JR | DIRECTOR Trustee or director | 2 | $8,175 | $0 |
| TRAVIS SMITH | DIRECTOR Trustee or director | 4 | $7,910 | $0 |
| ROGER POWELL | VICE-CHAIRMA Trustee or director, Officer | 4 | $7,740 | $0 |
| DANIEL DAVENPORT | DIRECTOR Trustee or director | 2 | $6,450 | $0 |
| CHARLES R YOUNG | DIRECTOR Trustee or director | 2.3 | $5,335 | $0 |
| ROBERT SHERRILL | DIRECTOR Trustee or director | 1 | $5,160 | $0 |
| EMILY LAYNE | DIRECTOR Trustee or director | 1 | $1,840 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 31, S PITTSBURG, TN 37380-0031
- In care of
- SEQACHEE VALLEY ELCTRIC COOPERATIVE
- Principal officer (990 for 2024)
- MICHAEL JORDAN, 198 19TH ST, TRACY CITY, TN 37387
- Signed the 990
- MICHAEL JORDAN, BOARD CHAIRMAN
- Phone
- (423) 837-8605
- Website
- WWW.SVALLEYEC.COM
- Return prepared by
- WINNETT ASSOCIATES PLLC
Mission
SVEC IS A SERVICE ORGANIZATION MEETING OUR MEMBER/CUSTOMERS' ENERGY AND COMMUNITY NEEDS.
Program accomplishments
- RURAL ELECTRICITY DISTRIBUTION TO 39,452 MEMBERS LOCATED PRIMARILY IN THE SOUTHEASTERN TENNESSEE COUNTIES OF BLEDSOE, GRUNDY, MARION, AND SEQUATCHIE, BUT ALSO IN PORTIONS OF VAN BUREN, RHEA, CUMBERLAND, FRANKLIN, COFFEE, AND HAMILTON COUNTIES.
- PROVISION OF BROADBAND INTERNET ACCESS, TV AND TELECOMMUNICATIONS SERVICES VIA FIBER OPTIC NETWORK TO RURAL HOMES AND BUSINESSES LOCATED IN MARION COUNTY, TENNESSEE.
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
- 62-0352367
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1941
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $195,168,121
- Income (IRS master file)
- $121,157,075
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $121,157,075 | $113,066,623 | $195,168,121 | XML |
| 990 | June 2024 | $112,012,967 | $104,899,096 | $180,374,420 | XML |
| 990 | June 2023 | $112,585,937 | $105,813,126 | $171,194,164 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 62-0352367).
Questions about SEQUACHEE VALLEY ELECTRIC COOPERATIVE
- What is the EIN of SEQUACHEE VALLEY ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of SEQUACHEE VALLEY ELECTRIC COOPERATIVE is 62-0352367.
- Is SEQUACHEE VALLEY ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1941.
- Are donations to SEQUACHEE VALLEY ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SEQUACHEE VALLEY 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 SEQUACHEE VALLEY 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 SEQUACHEE VALLEY 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 SEQUACHEE VALLEY ELECTRIC COOPERATIVE?
- The 990 for the year ended June 30, 2025 names MICHAEL JORDAN.
- Who are the officers and directors of SEQUACHEE VALLEY ELECTRIC COOPERATIVE?
- The 990 for the year ended June 30, 2025 lists 20 people; 20 received compensation from the organization, the highest $346,646 (TERRY MICHAEL PARTIN, PRESIDENT/CE).
- How much revenue does SEQUACHEE VALLEY ELECTRIC COOPERATIVE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $121,157,075, expenses of $113,066,623 and total assets of $195,168,121 at year end.
Other nonprofits in S PITTSBURG
- SMILES INC EIN 46-1816985 · last filed 990 for 2025
- NATIONAL CORNBREAD FESTIVAL INC EIN 62-1686453 · last filed 990 for 2025
- SEQUACHEE VALLEY ELECTRIC CARES INC EIN 62-1816387 · last filed 990 for 2025
- AMERICAN FOUNDRY SOCIETY EIN 62-6080277 · last filed 990-EZ for 2025
- ATTM EIN 99-0679647 · last filed 990-N for 2025
- FINANCIAL EXECUTIVES INTERNATIONAL EIN 62-1146294 · last filed 990-N for 2025
- TEAM EVAN EIN 47-1969938 · last filed 990-N for 2024
- THE GUNTER PATTON AND PATTON ANNEX CEMETERY ASSOCIATION INC EIN 62-1176258 · last filed 990-N for 2025