Nonprofit · EIN 71-0056715
FIRST ELECTRIC COOPERATIVE CORPORATION
Tax-exempt · JACKSONVILLE, AR 72076
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $270,275,280 | $273,516,735 | -$3,241,455 | $842,440,929 | $522,142,357 | $320,298,572 |
| December 31, 2023 | 990 | $233,567,722 | $237,053,577 | -$3,485,855 | $748,223,131 | $433,963,150 | $314,259,981 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $239,683,782
- Investment income
- $3,378,011
- Royalties
- $1,133
- Net rental income
- $711
- Net gain from sales of assets
- $21,281
- Net income from sales of inventory
- $25,695
- Other revenue
- $27,213,487
Expenses
- Grants and similar amounts paid
- $21,370
- Benefits paid to members
- $13,759,026
- Compensation of officers, directors and key employees
- $3,050,585
- Other salaries and wages
- $18,149,567
- Salaries, compensation and benefits (total)
- $30,032,603
- Professional fundraising fees
- $0
- Depreciation
- $25,166,876
Balance sheet and other
- Total assets, start of year
- $748,223,131
- Total assets, end of year
- $842,440,929
- Total liabilities, end of year
- $522,142,357
- Net assets, end of year
- $320,298,572
- Land, buildings and equipment
- $682,090,073
- Gross unrelated business income
- $25,742,865
- Gross receipts
- $270,818,527
- Employees
- 312
- Volunteers
- 0
- Year formed
- 1937
- State of legal domicile
- AR
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK SNOWDEN | CEO Officer | 45 | $534,001 | $86,894 |
| RANDY EVERETT | CBO Officer | 45 | $257,201 | $166,698 |
| DANIEL RIEDEL | VP - ENGINEERING Key employee | 45 | $253,654 | $118,258 |
| JERRY DRISKILL | VP - OPERATIONS Key employee | 45 | $243,645 | $108,364 |
| MELISSA FELTY | CFO Officer | 45 | $268,789 | $61,331 |
| ASHLEY GARRINGER | COO Officer | 45 | $258,473 | $65,450 |
| TONYA SEXTON | VP - MARKETING Key employee | 45 | $233,875 | $51,438 |
| THEODORE DEWEESE | SERVICEMAN Highest-paid employee | 64 | $198,795 | $73,025 |
| LLOYD SCIFRES | FIELD SERVICES COORDINATOR Highest-paid employee | 53 | $161,568 | $66,677 |
| DAVID JONES | FIELD ENGINEER SUPERVISOR Highest-paid employee | 40 | $168,868 | $54,089 |
| JOHN HAWKINS | CREW CHIEF Highest-paid employee | 53 | $162,486 | $44,989 |
| NICHOLAS PFLASTERER | SERVICEMAN Highest-paid employee | 57 | $159,934 | $30,283 |
| BROCK BREWER | DIRECTOR Trustee or director | 7.2 | $42,544 | $0 |
| DAVID LUEBKE | DIRECTOR Trustee or director | 6 | $42,544 | $0 |
| RICK LOVE | DIRECTOR Trustee or director | 9.7 | $42,544 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY WOOD | DIRECTOR Trustee or director | 6.4 | $42,245 |
| TRACY HUDSPETH | CHAIRMAN Trustee or director, Officer | 7.3 | $40,144 |
| JOHN ROLAND | DIRECTOR Trustee or director | 5.9 | $38,944 |
| TODD PROTHRO | VICE CHAIRMAN Trustee or director, Officer | 9.5 | $37,744 |
| KARISSA RUSHING | SECRETARY/TREASURER Trustee or director, Officer | 8.1 | $36,544 |
| ROBERT MAERTENS | DIRECTOR Trustee or director | 5.9 | $19,261 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DON CRABBE | CEO (JAN-MAY) Officer | 45 | $677,977 | $7,972 |
| RANDY EVERETT | CIO Officer | 45 | $227,221 | $173,023 |
| MARK SNOWDEN | CEO (JUNE-DEC) Officer | 45 | $335,039 | $60,531 |
| DANIEL RIEDEL | VP - ENGINEERING Key employee | 45 | $235,894 | $119,233 |
| JERRY DRISKILL | VP - OPERATIONS Key employee | 45 | $229,632 | $103,773 |
| ASHLEY GARRINGER | COO Officer | 45 | $217,421 | $78,107 |
| MELISSA WOOD | CFO Officer | 45 | $243,142 | $33,378 |
| THEODORE DEWEESE JR | SERVICEMAN Highest-paid employee | 69 | $212,266 | $61,581 |
| JAMES BRANSCUM | MEMBER SERVICE DIRECTOR Highest-paid employee | 42 | $159,561 | $104,448 |
| TONYA SEXTON | VP - MARKETING Key employee | 45 | $211,287 | $29,665 |
| LLOYD SCIFRES | SERVICEMAN Highest-paid employee | 56 | $167,195 | $58,416 |
| DAVID JONES | FIELD ENGINEER SUPERVISOR Highest-paid employee | 40 | $159,480 | $51,776 |
| JOHN HAWKINS | CREW CHIEF Highest-paid employee | 54 | $160,324 | $40,099 |
| RICK LOVE | DIRECTOR Trustee or director | 10.4 | $43,771 | $0 |
| DAVID LUEBKE | DIRECTOR Trustee or director | 6.9 | $42,571 | $0 |
| LARRY WOOD | DIRECTOR Trustee or director | 5.7 | $42,257 | $0 |
| TRACY HUDSPETH | CHAIRMAN Trustee or director, Officer | 7.7 | $38,971 | $0 |
| JOHN ROLAND | DIRECTOR Trustee or director | 8.6 | $38,971 | $0 |
| TODD PROTHRO | VICE CHAIRMAN Trustee or director, Officer | 7.5 | $37,771 | $0 |
| KARISSA RUSHING | SECRETARY/TREASURER Trustee or director, Officer | 9.4 | $36,571 | $0 |
| THOMAS HASTY JR | DIRECTOR (JAN-JUNE) Trustee or director | 1.7 | $34,191 | $0 |
| BROCK BREWER | DIRECTOR (JUNE-DEC) Trustee or director | 2.9 | $21,285 | $0 |
| ROBERT MAERTENS | DIRECTOR Trustee or director | 9.2 | $19,774 | $0 |
Address and contacts
- Address (IRS master file)
- 1000 S JP WRIGHT LOOP RD, JACKSONVILLE, AR 72076-5264
- In care of
- % BRUCE ANDREWS
- Principal officer (990 for 2024)
- MARK SNOWDEN, 1000 S JP WRIGHT LOOP ROAD, JACKSONVILLE, AR 720765264
- Signed the 990
- MELISSA FELTY, CFO
- Phone
- (501) 982-4545
- Website
- WWW.FIRSTELECTRIC.COOP
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
FIRST ELECTRIC, IMPROVING QUALITY OF LIFE.
Program accomplishments
- PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 104,296 ACTIVE SERVICES AT YEAR END.
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 | Not 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
- 71-0056715
- 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)
- $842,440,929
- Income (IRS master file)
- $270,818,527
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $270,275,280 | $273,516,735 | $842,440,929 | IRS |
| 990 | December 2023 | $233,567,722 | $237,053,577 | $748,223,131 | XML |
| 990 | December 2022 | $273,232,530 | $276,779,380 | $665,270,338 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 71-0056715).
Questions about FIRST ELECTRIC COOPERATIVE CORPORATION
- What is the EIN of FIRST ELECTRIC COOPERATIVE CORPORATION?
- The employer identification number (EIN) of FIRST ELECTRIC COOPERATIVE CORPORATION is 71-0056715.
- Is FIRST ELECTRIC COOPERATIVE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1941.
- Are donations to FIRST ELECTRIC COOPERATIVE CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FIRST 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 FIRST ELECTRIC COOPERATIVE CORPORATION 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 FIRST ELECTRIC COOPERATIVE CORPORATION 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 FIRST ELECTRIC COOPERATIVE CORPORATION?
- The 990 for the year ended December 31, 2024 names MARK SNOWDEN.
- Who are the officers and directors of FIRST ELECTRIC COOPERATIVE CORPORATION?
- The 990 for the year ended December 31, 2024 lists 21 people; 21 received compensation from the organization, the highest $534,001 (MARK SNOWDEN, CEO).
- How much revenue does FIRST ELECTRIC COOPERATIVE CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $270,275,280, expenses of $273,516,735 and total assets of $842,440,929 at year end.
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