Nonprofit · EIN 73-0297135
INDIAN ELECTRIC COOPERATIVE INC
Tax-exempt · CLEVELAND, OK 74020
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $70,201,215 | $70,201,215 | $0 | $201,038,868 | $115,488,479 | $85,550,389 |
| December 31, 2023 | 990 | $66,119,356 | $66,119,356 | $0 | $185,523,215 | $102,518,525 | $83,004,690 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $68,683,504
- Investment income
- $915,329
- Net rental income
- $550,059
- Net gain from sales of assets
- $186,803
- Net income from sales of inventory
- $14,823
- Other revenue
- $602,382
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $4,257,295
- Compensation of officers, directors and key employees
- $728,482
- Other salaries and wages
- $1,014,436
- Salaries, compensation and benefits (total)
- $1,742,918
- Professional fundraising fees
- $0
- Depreciation
- $4,926,179
Balance sheet and other
- Total assets, start of year
- $185,523,215
- Total assets, end of year
- $201,038,868
- Total liabilities, end of year
- $115,488,479
- Net assets, end of year
- $85,550,389
- Land, buildings and equipment
- $147,680,921
- Gross unrelated business income
- $3,600
- Gross receipts
- $70,409,049
- Employees
- 98
- Year formed
- 1939
- 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 |
|---|---|---|---|---|
| TODD SCHROEDER | GENERAL MANA Officer | 40 | $287,612 | $86,806 |
| KIMBERLY LAY | MGR FINANCE Officer | 40 | $146,508 | $75,198 |
| JAMES GARRISON | VP OF OPERAT Highest-paid employee | 40 | $146,932 | $74,412 |
| JOHN POLLARD | VP OF ENGINE Highest-paid employee | 40 | $150,626 | $59,094 |
| TONY GORDON | OPERATIONS M Highest-paid employee | 40 | $133,918 | $69,898 |
| WILLIAM BRUMLEY | LEAD LINE FO Highest-paid employee | 46.08 | $133,663 | $61,758 |
| JASON KING | LEAD LINE FO Highest-paid employee | 45.28 | $123,788 | $60,342 |
| JIM HADLOCK | PRESIDENT Trustee or director | 3.51 | $38,962 | $0 |
| MIKE SPRADLING | VICE PRESIDE Trustee or director | 4.18 | $23,482 | $0 |
| LEE PECKENPAUGH | TRUSTEE Trustee or director | 2.82 | $14,800 | $0 |
| BERRY KEELER | SECR/TREAS Trustee or director | 1.13 | $14,456 | $0 |
| CHRIS HUDGINS | TRUSTEE Trustee or director | 1.24 | $13,600 | $0 |
| RALPH JEROME | ASSISTANT SE Trustee or director | 2.7 | $13,000 | $0 |
| GREG FIELDING | TRUSTEE Trustee or director | 3.83 | $11,056 | $0 |
| GREG WARD | TRUSTEE Trustee or director | 2.23 | $3,000 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TODD SCHROEDER | GENERAL MANA Officer | 40 | $270,726 | $78,818 |
| DON LAWRENCE | VP OF IT & B Highest-paid employee | 40 | $159,284 | $55,661 |
| KIMBERLY LAY | MGR FINANCE Officer | 40 | $139,887 | $70,319 |
| JAMES GARRISON | VP OF OPERAT Highest-paid employee | 40 | $139,492 | $70,435 |
| DAVID WILSON | ASSISTANT GM Highest-paid employee | 40 | $147,660 | $55,676 |
| KENNETH MORGAN | LINE FOREMAN Highest-paid employee | 49.86 | $143,618 | $58,250 |
| JOHN POLLARD | VP OF ENGINE Highest-paid employee | 40 | $144,940 | $55,767 |
| JIM HADLOCK | PRESIDENT Trustee or director | 4.1 | $41,162 | $0 |
| MIKE SPRADLING | VICE PRESIDE Trustee or director | 2.19 | $23,835 | $0 |
| GREG FIELDING | TRUSTEE Trustee or director | 4.72 | $13,852 | $0 |
| RALPH JEROME | ASSISTANT SE Trustee or director | 2.5 | $12,400 | $0 |
| LEE PECKENPAUGH | TRUSTEE Trustee or director | 1.68 | $11,800 | $0 |
| BERRY KEELER | SECR/TREAS Trustee or director | 0.98 | $11,009 | $0 |
| CHRIS HUDGINS | TRUSTEE Trustee or director | 0.94 | $10,000 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 49, CLEVELAND, OK 74020-0049
- Principal officer (990 for 2024)
- TODD SCHROEDER, 2506 US-64, CLEVELAND, OK 74020
- Signed the 990
- JIM HADLOCK, PRESIDENT
- Phone
- (918) 295-9500
- Website
- WWW.IECOK.COM
- Return prepared by
- BRISCOE BURKE & GRIGSBY LLP
Mission
TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS.
Program accomplishments
- TO PROVIDE ELECTRICITY TO OUR MEMBERS - 20,601 ACTIVE SERVICES (24,963 TOTAL SERVICES IN PLACE - 4,362 IDLE SERVICES) AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL.
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
- 73-0297135
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $201,038,868
- Income (IRS master file)
- $70,409,049
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $70,201,215 | $70,201,215 | $201,038,868 | XML |
| 990 | December 2023 | $66,119,356 | $66,119,356 | $185,523,215 | XML |
| 990 | December 2022 | $58,379,776 | $58,379,776 | $160,445,037 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 73-0297135).
Questions about INDIAN ELECTRIC COOPERATIVE INC
- What is the EIN of INDIAN ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of INDIAN ELECTRIC COOPERATIVE INC is 73-0297135.
- Is INDIAN ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
- Are donations to INDIAN ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INDIAN 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 INDIAN 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 INDIAN 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 INDIAN ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names TODD SCHROEDER.
- Who are the officers and directors of INDIAN ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 15 received compensation from the organization, the highest $287,612 (TODD SCHROEDER, GENERAL MANA).
- How much revenue does INDIAN ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $70,201,215, expenses of $70,201,215 and total assets of $201,038,868 at year end.
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