Nonprofit · EIN 74-0720615
KARNES ELECTRIC COOPERATIVE INC
Tax-exempt · KARNES CITY, TX 78118
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $142,923,586 | $141,370,586 | $1,553,000 | $243,646,650 | $48,986,860 | $194,659,790 |
| December 31, 2024 | 990 | $129,452,118 | $128,451,118 | $1,001,000 | $232,888,664 | $46,033,025 | $186,855,639 |
| December 31, 2023 | 990 | $128,043,306 | $130,460,306 | -$2,417,000 | $223,741,319 | $44,969,152 | $178,772,167 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $142,231,878
- Investment income
- $353,562
- Royalties
- $283,297
- Net gain from sales of assets
- $43,446
- Other revenue
- $338,146
Expenses
- Grants and similar amounts paid
- $47,961
- Benefits paid to members
- $7,419,638
- Compensation of officers, directors and key employees
- $484,641
- Other salaries and wages
- $5,485,737
- Salaries, compensation and benefits (total)
- $8,582,999
- Professional fundraising fees
- $0
- Depreciation
- $11,373,718
Balance sheet and other
- Total assets, start of year
- $232,888,664
- Total assets, end of year
- $243,646,650
- Total liabilities, end of year
- $48,986,860
- Net assets, end of year
- $194,659,790
- Land, buildings and equipment
- $132,319,717
- Gross receipts
- $142,923,586
- Employees
- 102
- Volunteers
- 0
- Year formed
- 1938
- State of legal domicile
- TX
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC HALFMANN | GENERAL MANAGER Officer | 60 | $234,972 | $52,821 |
| RANDY ORTIZ | MAINTENANCE FOREMAN Highest-paid employee | 55.41 | $187,582 | $42,909 |
| RUSSELL KORZEKWA | ENGINEERING MANAGER Highest-paid employee | 40.15 | $170,216 | $50,813 |
| PAUL RODRIGUEZ | SERVICEMAN Highest-paid employee | 52.82 | $176,399 | $42,119 |
| JASON VYVLECKA | FLEET FOREMAN Highest-paid employee | 49.06 | $171,212 | $44,109 |
| JESSE BENAVIDES | OPERATIONS MANAGER Highest-paid employee | 40.15 | $166,242 | $44,849 |
| CLIF ROYAL | SECRETARY/TREASURER Trustee or director, Officer | 2.82 | $35,841 | $0 |
| ROSS NIESCHWITZ | VICE PRESIDENT Trustee or director | 1.06 | $34,891 | $0 |
| PAUL BRYSCH JR | PRESIDENT Trustee or director, Officer | 6.43 | $34,287 | $0 |
| BOYD VAUGHAN | DIRECTOR Trustee or director | 4.98 | $27,891 | $0 |
| FRANK GEYER JR | ASST SECRETARY/TREASURER Trustee or director, Officer | 6.48 | $27,857 | $0 |
| LARRY SCHENDEL | DIRECTOR Trustee or director, Officer | 3.87 | $19,427 | $0 |
| SCOTT MCCLAUGHERTY | DIRECTOR Trustee or director | 2 | $16,654 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC HALFMANN | GENERAL MANAGER Officer | 60 | $212,146 | $52,442 |
| RANDY ORTIZ | SERVICEMAN Highest-paid employee | 55 | $187,243 | $51,548 |
| PATRICK JANYSEK | CONSTUCTION MANAGER Highest-paid employee | 40 | $174,704 | $58,700 |
| JOE ESCANDON | CONSTRUCTION FOREMAN Highest-paid employee | 48 | $175,161 | $56,578 |
| PAUL RODRIGUEZ | SERVICEMAN Highest-paid employee | 56 | $182,635 | $43,731 |
| JESSE BENAVIDES | OPERATIONS MANAGER Highest-paid employee | 40 | $171,448 | $46,822 |
| CLIF ROYAL | VICE PRESIDENT Trustee or director, Officer | 1.7 | $30,499 | $0 |
| ROSS NIESCHWITZ | DIRECTOR Trustee or director | 0.8 | $30,199 | $0 |
| PAUL BRYSCH JR | PRESIDENT Trustee or director, Officer | 5.7 | $29,125 | $0 |
| FRANK GEYER JR | ASST SECRETARY/TREASURER Trustee or director, Officer | 6.1 | $25,595 | $0 |
| LARRY SCHENDEL | SECRETARY/TREASURER Trustee or director, Officer | 3.6 | $17,793 | $0 |
| SCOTT MCCLAUGHERTY | DIRECTOR Trustee or director | 2 | $12,378 | $0 |
| BOYD VAUGHAN | DIRECTOR (MAR-DEC) Trustee or director | 2.3 | $4,595 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRADLEY BIERSTEDT | GENERAL MANAGER (RETIRED DEC '23) Officer | 60 | $264,140 | $91,696 |
| PATRICK JANYSEK | OPERATIONS SUPERINTENDENT Highest-paid employee | 50 | $174,400 | $68,575 |
| JOE ESCANDON | CONSTRUCTION FOREMAN Highest-paid employee | 50 | $166,393 | $53,945 |
| RANDY ORTIZ | SERVICEMAN Highest-paid employee | 50 | $176,960 | $43,176 |
| JESSE BENAVIDES | SERVICEMAN Highest-paid employee | 50 | $170,655 | $37,413 |
| RUDOLFO TORRES | CONSTRUCTION FOREMAN Highest-paid employee | 50 | $154,688 | $51,888 |
| PAUL BRYSCH JR | PRESIDENT Trustee or director, Officer | 6.56 | $33,346 | $0 |
| FRANK GEYER JR | ASST SECRETARY/TREASURER Trustee or director, Officer | 8.58 | $29,366 | $0 |
| CLIF ROYAL | VICE PRESIDENT Trustee or director, Officer | 3.15 | $28,087 | $0 |
| ROSS NIESCHWITZ | DIRECTOR Trustee or director | 0.75 | $26,587 | $0 |
| LARRY SCHENDEL | SECRETARY/TREASURER Trustee or director, Officer | 3.37 | $16,592 | $0 |
| SHIRLEY HOFMANN | DIRECTOR Trustee or director | 3.64 | $14,417 | $0 |
| SCOTT MCCLAUGHERTY | DIRECTOR Trustee or director | 3.23 | $11,675 | $0 |
| ERIC HALFMANN | GENERAL MANAGER Officer | 55 | $4,274 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 7, KARNES CITY, TX 78118-0007
- In care of
- % ERIC HALFMANN GEN MAN
- Principal officer (990 for 2025)
- ERIC HALFMANN, PO BOX 7, KARNES CITY, TX 78118
- Signed the 990
- ERIC HALFMANN, GENERAL MANAGER
- Phone
- (830) 780-9292
- Website
- WWW.KARNESEC.ORG
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
PROVIDING QUALITY SERVICE TO EMPOWER COMMUNITIES AND IMPROVE LIVES.
Program accomplishments
- PROVIDING ELECTRIC POWER TO OUR MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 23,687 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 | 990 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
- 74-0720615
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1940
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $243,646,650
- Income (IRS master file)
- $142,923,586
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $142,923,586 | $141,370,586 | $243,646,650 | XML |
| 990 | December 2024 | $129,452,118 | $128,451,118 | $232,888,664 | IRS |
| 990 | December 2023 | $128,043,306 | $130,460,306 | $223,741,319 | XML |
| 990 | December 2022 | $131,910,540 | $129,360,540 | $218,729,307 | 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 74-0720615).
Questions about KARNES ELECTRIC COOPERATIVE INC
- What is the EIN of KARNES ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of KARNES ELECTRIC COOPERATIVE INC is 74-0720615.
- Is KARNES ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1940.
- Are donations to KARNES ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KARNES 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 KARNES ELECTRIC COOPERATIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KARNES ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of KARNES ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names ERIC HALFMANN.
- Who are the officers and directors of KARNES ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 13 received compensation from the organization, the highest $234,972 (ERIC HALFMANN, GENERAL MANAGER).
- How much revenue does KARNES ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $142,923,586, expenses of $141,370,586 and total assets of $243,646,650 at year end.
Other nonprofits in KARNES CITY
- KARNES HOUSING CORPORATION EIN 74-1714309 · last filed 990 for 2026
- SHARING GODS LOVE INC EIN 74-2805013 · last filed 990-PF for 2024
- KARNES CITY VOLUNTEER FIRE DEPARTMENT INC EIN 74-2972956 · last filed 990 for 2025
- KARNES COUNTY FARM BUREAU EIN 74-1174821 · last filed 990-EZ for 2025
- K-TOWN KICKIN FOR A KURE DM FOUNDATION EIN 47-2171628 · last filed 990 for 2024
- KARNES CITY COMMUNITY CHAMBER OF COMMERCE EIN 74-1021589 · last filed 990 for 2025
- KARNES COUNTY HISTORICAL SOCIETY EIN 74-2189232 · last filed 990-PF for 2025
- ROTARY CLUB OF KARNES CITY EIN 74-1870860 · last filed 990-EZ for 2025