Nonprofit · EIN 63-0253927
FRANKLIN ELECTRIC COOPERATIVE
Tax-exempt · RUSSELLVILLE, AL 35653
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $10,872,042 | $7,958,618 | $2,913,424 | $58,710,186 | $25,465,709 | $33,244,477 |
| June 30, 2024 | 990 | $10,500,578 | $8,763,007 | $1,737,571 | $55,919,399 | $26,403,575 | $29,515,824 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $10,681,437
- Investment income
- $190,605
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $291,214
- Salaries, compensation and benefits (total)
- $291,214
- Professional fundraising fees
- $0
- Depreciation
- $2,510,645
Balance sheet and other
- Total assets, start of year
- $55,919,399
- Total assets, end of year
- $58,710,186
- Total liabilities, end of year
- $25,465,709
- Net assets, end of year
- $33,244,477
- Land, buildings and equipment
- $45,401,579
- Gross receipts
- $10,872,042
- Employees
- 27
- Year formed
- 1945
- State of legal domicile
- AL
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 |
|---|---|---|---|
| MARK STOCKTON | GENERAL MANA Officer | 40 | $190,486 |
| JOHN SHEWBERT | PRESIDENT Trustee or director, Officer | 1 | $9,920 |
| BOBBY HOOPER | SECRETARY-TR Trustee or director, Officer | 1 | $9,920 |
| STEVE MCGUIRE | VICE PRESIDE Trustee or director, Officer | 1 | $9,800 |
| STANLEY HOLLAND | TRUSTEE Trustee or director | 1 | $9,800 |
| JAMES MCKINNEY | TRUSTEE Trustee or director | 1 | $9,800 |
| JIMMY MONTGOMERY | TRUSTEE Trustee or director | 1 | $9,800 |
| ROGER BOYD | TRUSTEE Trustee or director | 1 | $9,800 |
| DEBBIE KING TAYLOR | TRUSTEE Trustee or director | 1 | $9,100 |
| DONNA HESTER | TRUSTEE Trustee or director | 1 | $9,100 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK STOCKTON | GENERAL MANA Officer | 40 | $192,888 |
| JOHN SHEWBERT | PRESIDENT Trustee or director, Officer | 1 | $9,320 |
| BOBBY HOOPER | SECRETARY-TR Trustee or director, Officer | 1 | $9,320 |
| STANLEY HOLLAND | TRUSTEE Trustee or director | 1 | $9,200 |
| JAMES MCKINNEY | TRUSTEE Trustee or director | 1 | $9,200 |
| DONNA HESTER | TRUSTEE Trustee or director | 1 | $9,200 |
| JIMMY MONTGOMERY | TRUSTEE Trustee or director | 1 | $9,200 |
| ROGER BOYD | TRUSTEE Trustee or director | 1 | $9,200 |
| DEBBIE KING TAYLOR | TRUSTEE Trustee or director | 1 | $8,750 |
| STEVE MCGUIRE | VICE PRESIDE Trustee or director, Officer | 1 | $8,600 |
Address and contacts
- Address (IRS master file)
- PO BOX 10, RUSSELLVILLE, AL 35653-0010
- In care of
- % SHELIA MALONE
- Principal officer (990 for 2024)
- MARK STOCKTON, PO BOX 10, RUSSELLVILLE, AL 35653
- Signed the 990
- MARK STOCKTON, GENERAL MANAGER
- Phone
- (256) 332-2730
- Return prepared by
- WEAR HOWELL STRICKLAND QUINN &LAWLLC
Mission
RURAL ELECTRICITY DISTRIBUTION
Program accomplishments
- ELECTRIC UTILITY COOPERATIVEExpenses $7,958,618 · revenue $10,681,437
- ELECTRIC UTILITY COOPERATIVE
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
- 63-0253927
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1964
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $58,710,186
- Income (IRS master file)
- $10,872,042
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $10,872,042 | $7,958,618 | $58,710,186 | XML |
| 990 | June 2024 | $10,500,578 | $8,763,007 | $55,919,399 | XML |
| 990 | June 2023 | $9,985,158 | $9,426,652 | $54,446,867 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 63-0253927).
Questions about FRANKLIN ELECTRIC COOPERATIVE
- What is the EIN of FRANKLIN ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of FRANKLIN ELECTRIC COOPERATIVE is 63-0253927.
- Is FRANKLIN ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1964.
- Are donations to FRANKLIN ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FRANKLIN 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 FRANKLIN 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 FRANKLIN 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 FRANKLIN ELECTRIC COOPERATIVE?
- The 990 for the year ended June 30, 2025 names MARK STOCKTON.
- Who are the officers and directors of FRANKLIN ELECTRIC COOPERATIVE?
- The 990 for the year ended June 30, 2025 lists 10 people; 10 received compensation from the organization, the highest $190,486 (MARK STOCKTON, GENERAL MANA).
- How much revenue does FRANKLIN ELECTRIC COOPERATIVE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $10,872,042, expenses of $7,958,618 and total assets of $58,710,186 at year end.
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