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Nonprofit · EIN 71-0207627

RICH MOUNTAIN ELECTRIC COOPERATIVE INC

Tax-exempt · MENA, AR 71953

Financials

$21.9M$18.9M2023$22M$19.7M2024
Revenue Expenses · by fiscal year end
Financials of RICH MOUNTAIN ELECTRIC COOPERATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$21,957,285$19,702,945$2,254,340$90,500,667$56,292,506$34,208,161
December 31, 2023990$21,911,930$18,944,672$2,967,258$90,461,275$58,534,085$31,927,190
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$20,042,685
Investment income
$816,524
Net rental income
$67,178
Net income from sales of inventory
$721
Other revenue
$1,098,076

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$300,000
Compensation of officers, directors and key employees
$872,783
Other salaries and wages
$987,426
Salaries, compensation and benefits (total)
$1,860,209
Professional fundraising fees
$0
Legal fees
$73,875
Accounting fees
$40,272
Depreciation
$3,083,832
Program services (functional)
$19,702,945

Balance sheet and other

Total assets, start of year
$90,461,275
Total assets, end of year
$90,500,667
Total liabilities, end of year
$56,292,506
Net assets, end of year
$34,208,161
Land, buildings and equipment
$74,595,109
Gross receipts
$21,961,500
Employees
37
Volunteers
0
Year formed
1945
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.

NameTitleHours / weekCompensationOther / benefits
BRAD CASTORCEO
Officer
40$228,452$86,346
BRIAN DIXONEMPLOYEE
Highest-paid employee
40$141,124$64,061
CHRIS PARKERCFO/OFFICE MGR
Officer
40$145,423$59,553
JASON ONEALEMPLOYEE
Highest-paid employee
40$145,951$57,435
CORY THOMPSONEMPLOYEE
Highest-paid employee
40$140,050$57,379
JASON HARRISEMPLOYEE
Highest-paid employee
40$136,474$57,435
JOHN LARUCCIEMPLOYEE
Highest-paid employee
40$130,475$57,039
MARK ROBBINSTREASURER
Trustee or director, Officer
14$46,759$0
KYLE CANNONDIRECTOR
Trustee or director
14$46,208$0
TOMMY MILLERDIRECTOR
Trustee or director
14$44,002$0
HERSHEL BELLDIRECTOR
Trustee or director
14$41,246$0
GARY BEARDENDIRECTOR
Trustee or director
14$40,144$0
DANNY HANSBROUGHDIRECTOR
Trustee or director
14$39,041$0
LARRY DUNAWAYVICE CHAIRMAN
Trustee or director, Officer
14$37,382$0
BUDDY NEWBOLTCHAIRMAN
Trustee or director, Officer
14$30,496$0
1 more people on this return
NameTitleHours / weekCompensation
BETTY SMITHDIRECTOR
Trustee or director
14$27,730
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensationOther / benefits
BRAD CASTORCEO
Officer
40$217,887$86,661
BRIAN DIXONEMPLOYEE
Highest-paid employee
40$134,234$64,189
CHRIS PARKERCFO/OFFICE MGR
Officer
40$137,365$59,657
JASON HARRISEMPLOYEE
Highest-paid employee
40$134,828$57,435
JASON ONEALEMPLOYEE
Highest-paid employee
40$136,160$55,021
CORY THOMPSONEMPLOYEE
Highest-paid employee
40$129,988$54,230
ROBERT TODDEMPLOYEE
Highest-paid employee
40$124,071$54,306
MARK ROBBINSTREASURER
Trustee or director, Officer
14$50,446$0
GARY BEARDENDIRECTOR
Trustee or director
14$48,792$0
KYLE CANNONDIRECTOR
Trustee or director
14$45,484$0
TOMMY MILLERDIRECTOR
Trustee or director
14$42,728$0
HERSHEL BELLDIRECTOR
Trustee or director
14$40,523$0
LARRY DUNAWAYVICE CHAIRMAN
Trustee or director, Officer
14$37,210$0
DANNY HANSBROUGHDIRECTOR
Trustee or director
14$34,296$0
BUDDY NEWBOLTCHAIRMAN
Trustee or director, Officer
14$31,384$0
BETTY SMITHDIRECTOR
Trustee or director
14$30,274$0

Address and contacts

Address (IRS master file)
PO BOX 897, MENA, AR 71953-0897
Principal officer (990 for 2024)
BRAD CASTOR, PO BOX 897, MENA, AR 71953
Signed the 990
BRAD CASTOR, CEO
Phone
(479) 394-4140
Return prepared by
HEARD MCELROY & VESTAL LLC

Mission

RICH MOUNTAIN ELECTRIC COOPERATIVE INC. IS A MEMBER OWNED ELECTRIC DISTRIBUTION COOPERATIVE ESTABLISHED TO PROVIDE ELECTRIC SERVICE TO ITS MEMBERS AT THE LOWEST POSSIBLE COST. THIS INCLUDES ASSISTING ITS MEMBERS IN FINDING WAYS TO IMPROVE ENERGY EFFICIENCY AT THEIR HOME OR BUSINESS.

990 for the year ended December 31, 2024

Program accomplishments

  • RICH MOUNTAIN ELECTRIC COOPERATIVE PROVIDES ELECTRIC SERVICE TO ALL ITS MEMBERS AT THE LOWEST COST AND OFFERS ENERGY EFFICIENCY PROGRAMS TO ALL ITS MEMBERS.
    Expenses $19,702,945

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, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
71-0207627
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1946
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$90,500,667
Income (IRS master file)
$21,961,500

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$21,957,285$19,702,945$90,500,667IRS
990December 2023$21,911,930$18,944,672$90,461,275XML
990December 2022$23,041,846$22,263,972$85,801,717IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 71-0207627).

Questions about RICH MOUNTAIN ELECTRIC COOPERATIVE INC

What is the EIN of RICH MOUNTAIN ELECTRIC COOPERATIVE INC?
The employer identification number (EIN) of RICH MOUNTAIN ELECTRIC COOPERATIVE INC is 71-0207627.
Is RICH MOUNTAIN ELECTRIC COOPERATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1946.
Are donations to RICH MOUNTAIN ELECTRIC COOPERATIVE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does RICH MOUNTAIN ELECTRIC COOPERATIVE INC 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 RICH MOUNTAIN ELECTRIC COOPERATIVE INC 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 RICH MOUNTAIN ELECTRIC COOPERATIVE INC 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 RICH MOUNTAIN ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 names BRAD CASTOR.
Who are the officers and directors of RICH MOUNTAIN ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 lists 16 people; 16 received compensation from the organization, the highest $228,452 (BRAD CASTOR, CEO).
How much revenue does RICH MOUNTAIN ELECTRIC COOPERATIVE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $21,957,285, expenses of $19,702,945 and total assets of $90,500,667 at year end.

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