Nonprofit · EIN 73-0182325
CHOCTAW ELECTRIC COOPERATIVE INC
Tax-exempt · HUGO, OK 74743
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $59,299,656 | $59,299,656 | $0 | $151,234,182 | $60,921,012 | $90,313,170 |
| December 31, 2023 | 990 | $56,915,980 | $56,915,980 | $0 | $148,026,336 | $61,784,451 | $86,241,885 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $57,589,045
- Investment income
- $1,685,181
- Net rental income
- $6,523
- Net gain from sales of assets
- $1,626,075
- Net income from sales of inventory
- $18,407
- Other revenue
- $25,430
Expenses
- Grants and similar amounts paid
- $8,542
- Benefits paid to members
- $7,367,148
- Compensation of officers, directors and key employees
- $484,706
- Other salaries and wages
- $3,807,029
- Salaries, compensation and benefits (total)
- $6,424,937
- Professional fundraising fees
- $0
- Depreciation
- $4,737,674
Balance sheet and other
- Total assets, start of year
- $148,026,336
- Total assets, end of year
- $151,234,182
- Total liabilities, end of year
- $60,921,012
- Net assets, end of year
- $90,313,170
- Land, buildings and equipment
- $109,601,907
- Publicly traded securities
- $3,822,360
- Gross receipts
- $60,767,899
- Employees
- 79
- Volunteers
- 0
- Year formed
- 1940
- State of legal domicile
- OK
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 |
|---|---|---|---|---|
| KOONEY DUNCAN | CEO Officer | 55 | $216,200 | $92,661 |
| JEFFREY RECTOR | AREA SERVICEMAN Highest-paid employee | 51 | $117,690 | $61,507 |
| JOHNNY COURTWRIGHT | EQUIP TECH Highest-paid employee | 51 | $108,217 | $64,892 |
| KYLE BECK | AREA SERVICEMAN Highest-paid employee | 52 | $116,484 | $50,094 |
| ISAAC BILLINGSLEY | LEAD LINEMAN Highest-paid employee | 50 | $110,186 | $48,016 |
| SHANE CHRISTIAN | JOURNEYMAN LINEMAN Highest-paid employee | 51 | $107,998 | $25,753 |
| MICHAEL MELTON | DIR. OF FINANCE & ACCTING Officer | 40 | $83,968 | $36,988 |
| DOUGLAS FRANKS | PRESIDENT Trustee or director, Officer | 5.7 | $7,080 | $0 |
| JANA BURRIS | TRUSTEE Trustee or director | 6.9 | $6,950 | $0 |
| KENNETH AUTRY | TRUSTEE Trustee or director | 11.7 | $6,791 | $0 |
| JACKSON FERGUSON | TRUSTEE Trustee or director | 2.9 | $6,200 | $0 |
| DEBORAH CODY | TRUSTEE Trustee or director | 2.1 | $6,153 | $0 |
| WILLIAM WOOLSEY | VICE PRESIDENT Trustee or director, Officer | 2.9 | $6,100 | $0 |
| STACY NICHOLS | TRUSTEE Trustee or director | 1.9 | $5,550 | $0 |
| PERRY THOMPSON JR | SECRETARY/TREASURER Trustee or director, Officer | 2.1 | $5,465 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JARRED CAMPBELL | TRUSTEE Trustee or director | 1.7 | $4,600 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KOONEY DUNCAN | CEO Officer | 55 | $206,048 | $106,818 |
| DARREN FRAZIER | FOREMAN Highest-paid employee | 50 | $104,096 | $67,171 |
| JEFFREY RECTOR | AREA SERVICEMAN Highest-paid employee | 50 | $101,453 | $58,171 |
| KYLE BECK | AREA SERVICEMAN Highest-paid employee | 52 | $110,528 | $48,934 |
| ISAAC BILLINGSLEY | LEAD LINEMAN Highest-paid employee | 52 | $106,395 | $46,956 |
| SHANE CHRISTIAN | JOURNEYMAN LINEMAN Highest-paid employee | 52 | $101,997 | $19,689 |
| KENNETH AUTRY | TRUSTEE Trustee or director | 8.5 | $8,250 | $0 |
| JANA BURRIS | TRUSTEE Trustee or director | 6.7 | $7,750 | $0 |
| DOUGLAS FRANKS | PRESIDENT Trustee or director, Officer | 10.6 | $7,350 | $0 |
| JACKSON FERGUSON | TRUSTEE Trustee or director | 3.2 | $7,000 | $0 |
| PERRY THOMPSON JR | SECRETARY/TREASURER Trustee or director, Officer | 1 | $6,700 | $0 |
| WILLIAM WOOLSEY | TRUSTEE Trustee or director | 3.5 | $6,650 | $0 |
| STACY NICHOLS | TRUSTEE Trustee or director | 4.2 | $6,650 | $0 |
| DEBORAH CODY | TRUSTEE Trustee or director | 3.8 | $6,100 | $0 |
| JARRED CAMPBELL | VICE PRESIDENT Trustee or director, Officer | 2 | $5,500 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 758, HUGO, OK 74743-0758
- Principal officer (990 for 2024)
- KOONEY DUNCAN, PO BOX 758, HUGO, OK 74743
- Signed the 990
- KOONEY DUNCAN, CEO
- Phone
- (580) 326-6486
- Website
- WWW.CHOCTAWELECTRIC.NET
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
PROVIDE RELIABLE, SAFE AND AFFORDABLE ENERGY SERVICES TO THE MEMBERS WE SERVE.
Program accomplishments
- PROVIDING ELECTRIC ENERGY TO OUR MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 21,906 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
- 73-0182325
- 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)
- $151,234,182
- Income (IRS master file)
- $60,767,899
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $59,299,656 | $59,299,656 | $151,234,182 | XML |
| 990 | December 2023 | $56,915,980 | $56,915,980 | $148,026,336 | XML |
| 990 | December 2022 | $62,989,544 | $62,989,544 | $143,071,795 | 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 73-0182325).
Questions about CHOCTAW ELECTRIC COOPERATIVE INC
- What is the EIN of CHOCTAW ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of CHOCTAW ELECTRIC COOPERATIVE INC is 73-0182325.
- Is CHOCTAW ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1941.
- Are donations to CHOCTAW ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CHOCTAW 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 CHOCTAW 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 CHOCTAW 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 CHOCTAW ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names KOONEY DUNCAN.
- Who are the officers and directors of CHOCTAW ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 16 received compensation from the organization, the highest $216,200 (KOONEY DUNCAN, CEO).
- How much revenue does CHOCTAW ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $59,299,656, expenses of $59,299,656 and total assets of $151,234,182 at year end.
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