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Nonprofit · EIN 71-0139955

PETIT JEAN ELECTRIC COOPERATIVE CORPORATION

Tax-exempt · CLINTON, AR 72031

Financials

$44.6M$45.7M2023
Revenue Expenses · by fiscal year end
Financials of PETIT JEAN ELECTRIC COOPERATIVE CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$44,611,992$45,708,518-$1,096,526$221,770,362$176,956,719$44,813,643
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$0
Program service revenue
$37,439,644
Investment income
$387,597
Royalties
$7,051
Net income from sales of inventory
$3,047
Other revenue
$6,784,751

Expenses

Grants and similar amounts paid
$8,305
Benefits paid to members
$47,685
Compensation of officers, directors and key employees
$1,178,688
Other salaries and wages
$3,670,332
Salaries, compensation and benefits (total)
$7,160,522
Professional fundraising fees
$0
Depreciation
$5,893,994

Balance sheet and other

Total assets, start of year
$166,442,334
Total assets, end of year
$221,770,362
Total liabilities, end of year
$176,956,719
Net assets, end of year
$44,813,643
Land, buildings and equipment
$192,477,045
Gross unrelated business income
$6,449,336
Gross receipts
$44,615,753
Employees
81
Volunteers
0
Year formed
1940
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, 2023, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
MICHAEL KIRKLANDCEO/GENERAL MANAGER
Officer
55$412,393$292,417
JOHNNY MOOREMANAGER OF OPERATIONS
Highest-paid employee
50$150,549$73,721
WILLIAM GREENBROADBAND MANAGER
Highest-paid employee
60$147,178$71,277
MICHAEL GARBOWMANAGER OF ENGINEERING
Highest-paid employee
40$180,718$30,978
WILLIAM TESTERBRANCH MANAGER
Highest-paid employee
55$131,138$73,832
JAMIE L REEVESFOREMAN
Highest-paid employee
50$118,682$78,155
MARIANNE PYEATTMANAGER OF FINANCE AND ACC
Officer
50$136,114$57,914
RICHARD COLLINS JRVICE PRESIDENT
Trustee or director
10.96$38,734$0
FREDERICK HERMANSECRETARY/TREASURER
Trustee or director, Officer
4.15$35,512$0
TERRY KIRKENDOLLDIRECTOR
Trustee or director
5.46$31,312$0
GILBERT LEWISDIRECTOR
Trustee or director
7.2$30,545$0
JEREL BROWNDIRECTOR
Trustee or director
3.45$29,562$0
DARRELL ALLENDIRECTOR
Trustee or director
5.5$29,340$0
DONNIE COLLINSPRESIDENT
Trustee or director, Officer
3.35$29,212$0
ADDISON WOODDIRECTOR
Trustee or director
4.44$27,840$0
1 more people on this return
NameTitleHours / weekCompensation
WILLIAM DERICKSONDIRECTOR
Trustee or director
2.12$27,793

Address and contacts

Address (IRS master file)
PO BOX 37, CLINTON, AR 72031-0037
In care of
% DAVID FUGITT
Principal officer (990 for 2023)
MICHAEL KIRKLAND, PO BOX 37, CLINTON, AR 72031
Signed the 990
MICHAEL KIRKLAND, CEO
Phone
(501) 745-2493
Return prepared by
BOLINGER SEGARS GILBERT AND MOSS LLP

Mission

TO PROVIDE RELIABLE AND QUALITY ELECTRIC SERVICE AT FAIR AND COMPETITIVE PRICES. WE PROVIDE LEADERSHIP WITHIN LOCAL COMMUNITIES TO FACILITATE POSITIVE GROWTH WITHIN OUR SERVICE AREA.

990 for the year ended December 31, 2023

Program accomplishments

  • PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 20,875 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
71-0139955
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Exempt since
1941
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$221,770,362
Income (IRS master file)
$44,615,753

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$44,611,992$45,708,518$221,770,362XML
990December 2022$46,747,332$45,997,423$166,442,334IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 71-0139955).

Questions about PETIT JEAN ELECTRIC COOPERATIVE CORPORATION

What is the EIN of PETIT JEAN ELECTRIC COOPERATIVE CORPORATION?
The employer identification number (EIN) of PETIT JEAN ELECTRIC COOPERATIVE CORPORATION is 71-0139955.
Is PETIT JEAN ELECTRIC COOPERATIVE CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1941.
Which annual return does PETIT JEAN 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 PETIT JEAN 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 PETIT JEAN ELECTRIC COOPERATIVE CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of PETIT JEAN ELECTRIC COOPERATIVE CORPORATION?
The 990 for the year ended December 31, 2023 names MICHAEL KIRKLAND.
Who are the officers and directors of PETIT JEAN ELECTRIC COOPERATIVE CORPORATION?
The 990 for the year ended December 31, 2023 lists 16 people; 16 received compensation from the organization, the highest $412,393 (MICHAEL KIRKLAND, CEO/GENERAL MANAGER).
How much revenue does PETIT JEAN ELECTRIC COOPERATIVE CORPORATION have?
On its 990 for the year ended December 31, 2023 it reported revenue of $44,611,992, expenses of $45,708,518 and total assets of $221,770,362 at year end.

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