Nonprofit · EIN 74-0779023
MEDINA ELECTRIC COOPERATIVE INC
Tax-exempt · HONDO, TX 78861
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $157,545,341 | $156,608,534 | $936,807 | $358,650,184 | $208,352,189 | $150,297,995 |
| December 31, 2023 | 990 | $160,596,404 | $161,094,458 | -$498,054 | $328,349,312 | $188,005,458 | $140,343,854 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $157,003,218
- Investment income
- $296,761
- Net rental income
- $7,860
- Net gain from sales of assets
- $4,219
- Net income from sales of inventory
- $56,749
- Other revenue
- $245,362
Expenses
- Grants and similar amounts paid
- $95,199
- Benefits paid to members
- $10,976,274
- Compensation of officers, directors and key employees
- $1,741,021
- Other salaries and wages
- $9,974,850
- Salaries, compensation and benefits (total)
- $16,308,713
- Professional fundraising fees
- $0
- Depreciation
- $8,124,658
Balance sheet and other
- Total assets, start of year
- $328,349,312
- Total assets, end of year
- $358,650,184
- Total liabilities, end of year
- $208,352,189
- Net assets, end of year
- $150,297,995
- Land, buildings and equipment
- $254,665,452
- Gross receipts
- $158,114,619
- Employees
- 157
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HEBERT OTT GREBE III | CHIEF EXECUTIVE OFFICER Officer | 50 | $226,344 | $102,721 |
| PATRICIA TAYLOR | CHIEF ADMINISTRATIVE OFFICER Officer | 45 | $159,419 | $113,103 |
| LAURIE VAN DAMME | CHIEF FINANCIAL OFFICER Officer | 45 | $160,412 | $87,633 |
| DOUG KINDRED | CHIEF IT OFFICER Officer | 70 | $161,181 | $84,081 |
| LEONARD GEYER | CHIEF OPERATIONS DIVISION Officer | 40 | $149,412 | $93,433 |
| KEITH CALLE | CHIEF ENGINEERING DIVISION OFFICER Officer | 45 | $182,520 | $52,762 |
| BRETT WILLIAMS | MANAGER OF FINANCE Highest-paid employee | 40 | $132,852 | $51,034 |
| PATRICIO GARZA | JOURNEYMAN Highest-paid employee | 52 | $124,506 | $56,715 |
| SEAN KRAUSE | MANAGER OF ENGINEERING Highest-paid employee | 40 | $127,249 | $49,286 |
| ZACHARY LYLE | MANAGER OF SYSTEM OPS Highest-paid employee | 40 | $130,833 | $42,100 |
| MARIO MOLINA | WORKING FOREMAN Highest-paid employee | 54 | $127,751 | $36,816 |
| KENNETH WEYNAND | PRESIDENT (OCT-DEC) Trustee or director, Officer | 7.2 | $26,150 | $0 |
| JAMES RAINES | DIRECTOR Trustee or director | 4.8 | $19,200 | $0 |
| JOSE LUIS GONZALEZ | DIRECTOR Trustee or director | 6 | $18,750 | $0 |
| LARRY HUESSER | VICE PRESIDENT Trustee or director, Officer | 6.4 | $18,450 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JODENE FOLEY | DIRECTOR Trustee or director | 4.8 | $17,850 |
| RODOLFO RODRIGUEZ | DIRECTOR Trustee or director | 5 | $17,250 |
| ANNETTE SORRELLS | SECRETARY/TREASURER Trustee or director, Officer | 4.6 | $17,100 |
| KENNETH G WHITE | PRESIDENT (JAN-OCT) Trustee or director, Officer | 5.7 | $17,050 |
| WAYNE SCHOLTZ | DIRECTOR (JAN-OCT) Trustee or director | 2.2 | $9,750 |
| MICHAEL HOLZHAUS | DIRECTOR (OCT-DEC) Trustee or director | 3.5 | $3,600 |
| JAMES CRAWFORD | DIRECTOR (OCT-NOV) Trustee or director | 3.3 | $2,850 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HEBERT OTT GREBE III | CHIEF EXECUTIVE OFFICER Officer | 50 | $212,284 | $101,992 |
| PATRICIA TAYLOR | CHIEF ADMINISTRATIVE OFFICER Officer | 45 | $144,889 | $111,399 |
| OSCAR CHAPA | MANAGER OF SOUTHERN REGION Highest-paid employee | 40 | $118,965 | $120,209 |
| LEONARD GEYER | CHIEF OPERATIONS DIVISION OFFICER Officer | 40 | $135,374 | $99,707 |
| DOUG KINDRED | CHIEF IT OFFICER Officer | 50 | $145,974 | $88,807 |
| LAURIE VAN DAMME | CHIEF FINANCIAL OFFICER Officer | 45 | $147,890 | $79,502 |
| KEITH CALLE | CHIEF ENGINEERING DIVISION OFFICER Officer | 45 | $166,790 | $50,086 |
| PATRICIO GARZA | JOURNEYMAN Highest-paid employee | 40 | $127,921 | $52,595 |
| BRETT WILLIAMS | MANAGER OF FINANCE Highest-paid employee | 40 | $126,860 | $52,189 |
| SEAN KRAUSE | MANAGER OF ENGINEERING Highest-paid employee | 40 | $126,207 | $48,633 |
| ALLEN BOEHME | SYSTEMS OPERATOR Highest-paid employee | 40 | $122,473 | $20,423 |
| JOSE LUIS GONZALEZ | DIRECTOR Trustee or director | 7.5 | $22,350 | $0 |
| KENNETH WEYNAND | DIRECTOR Trustee or director | 6.3 | $21,350 | $0 |
| JAMES RAINES | DIRECTOR Trustee or director | 6.2 | $20,700 | $0 |
| RODOLFO RODRIGUEZ | DIRECTOR Trustee or director | 6.3 | $20,450 | $0 |
| KENNETH G WHITE | PRESIDENT Trustee or director, Officer | 6.2 | $18,950 | $0 |
| LARRY HUESSER | VICE PRESIDENT Trustee or director, Officer | 7.2 | $18,900 | $0 |
| ANNETTE SORRELLS | SECRETARY/TREASURER Trustee or director, Officer | 5.6 | $18,450 | $0 |
| WAYNE SCHOLTZ | DIRECTOR Trustee or director | 2.3 | $11,100 | $0 |
| JOE FOLEY | DIRECTOR (JULY-DEC) Trustee or director | 1.7 | $6,450 | $0 |
| JIM GATES | DIRECTOR (JAN) Trustee or director | 0.7 | $700 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 370, HONDO, TX 78861-0370
- In care of
- MEDINA ELECTRIC COOPERATIVE INC
- Principal officer (990 for 2024)
- HERBERT GREBE III, PO BOX 370, HONDO, TX 78861
- Signed the 990
- HERBERT GREBE III, CEO
- Phone
- (866) 632-3532
- Website
- WWW.MEDINAEC.ORG
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
EXCEED MEMBER EXPECTATIONS IN EVERYTHING WE DO.
Program accomplishments
- SALES OF ELECTRIC POWER TO MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 37,645 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
- 74-0779023
- 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)
- $358,650,184
- Income (IRS master file)
- $158,114,619
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $157,545,341 | $156,608,534 | $358,650,184 | IRS |
| 990 | December 2023 | $160,596,404 | $161,094,458 | $328,349,312 | XML |
| 990 | December 2022 | $157,652,712 | $157,041,962 | $298,551,439 | 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 74-0779023).
Questions about MEDINA ELECTRIC COOPERATIVE INC
- What is the EIN of MEDINA ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of MEDINA ELECTRIC COOPERATIVE INC is 74-0779023.
- Is MEDINA ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1940.
- Are donations to MEDINA ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MEDINA 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 MEDINA 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 MEDINA 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 MEDINA ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names HERBERT GREBE III.
- Who are the officers and directors of MEDINA ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 22 people; 22 received compensation from the organization, the highest $226,344 (HEBERT OTT GREBE III, CHIEF EXECUTIVE OFFICER).
- How much revenue does MEDINA ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $157,545,341, expenses of $156,608,534 and total assets of $358,650,184 at year end.
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