Nonprofit · EIN 75-0229997
DEEP EAST TEXAS ELECTRIC CO-OPERATIVE INC
Tax-exempt · HEMPHILL, TX 75948
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $109,272,636 | $109,272,636 | $0 | $301,756,987 | $190,783,098 | $110,973,889 |
| December 31, 2023 | 990 | $114,338,527 | $114,338,527 | $0 | $281,399,509 | $170,747,074 | $110,652,435 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $108,846,703
- Investment income
- $274,823
- Net gain from sales of assets
- $138,697
- Net income from sales of inventory
- $48,117
- Other revenue
- $151,110
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,976,266
- Compensation of officers, directors and key employees
- $865,025
- Other salaries and wages
- $1,064,689
- Salaries, compensation and benefits (total)
- $1,929,714
- Professional fundraising fees
- $0
- Depreciation
- $8,391,443
- Program services (functional)
- $109,272,636
Balance sheet and other
- Total assets, start of year
- $281,399,509
- Total assets, end of year
- $301,756,987
- Total liabilities, end of year
- $190,783,098
- Net assets, end of year
- $110,973,889
- Land, buildings and equipment
- $226,458,659
- Gross receipts
- $109,282,652
- Employees
- 138
- 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 |
|---|---|---|---|---|
| BRYAN WOOD | GENERAL MANA Officer | 50 | $344,525 | $95,072 |
| JESSIE MORGAN | DIRECTOR OF Highest-paid employee | 40 | $184,989 | $61,843 |
| KELLY PARKER | DIRECTOR OF Highest-paid employee | 40 | $184,125 | $62,118 |
| GINA EVETT | ADMIN DIRECT Officer | 45 | $162,568 | $52,829 |
| CHARLES C BENNEFIELD | AREA SVC TEC Highest-paid employee | 58 | $160,333 | $42,055 |
| MICHAEL MERCHANT | LEAD AREA SV Highest-paid employee | 55 | $150,446 | $36,246 |
| MICHAEL P JONES | LEAD AREA SV Highest-paid employee | 57 | $142,193 | $40,340 |
| JOHN H CHILDS | DIRECTOR Trustee or director | 3 | $20,529 | $0 |
| MICHA MILLER | PRESIDENT Trustee or director, Officer | 5 | $20,044 | $0 |
| RODNEY WOOTEN | DIRECTOR Trustee or director | 2 | $19,844 | $0 |
| WILLIAM A SPEIGHTS | DIRECTOR Trustee or director | 9 | $19,708 | $0 |
| MICHAEL G LEE | DIRECTOR Trustee or director | 2 | $19,044 | $0 |
| SERICA WILKINS | DIRECTOR Trustee or director | 5.5 | $18,844 | $0 |
| RONNIE GREER | SECRETARY/TR Trustee or director, Officer | 4 | $18,708 | $0 |
| GREGORY P GRIGSBY | VICE PRESIDE Trustee or director, Officer | 2 | $18,544 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BENNIS P STEPTOE | DIRECTOR Trustee or director | 0.75 | $18,352 |
| ANGELA SMART | DIRECTOR Trustee or director | 2 | $18,144 |
| PAUL S ALEXANDER | DIRECTOR Trustee or director | 3 | $13,507 |
| ROBERT DALE ALEXANDER | DIRECTOR Trustee or director | 0.5 | $4,761 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRYAN WOOD | GENERAL MANA Officer | 55 | $315,204 | $90,364 |
| JESSIE MORGAN | DIRECTOR OF Highest-paid employee | 40 | $167,755 | $58,805 |
| KELLY PARKER | DIRECTOR OF Highest-paid employee | 40 | $166,361 | $59,122 |
| GINA EVETT | ADMIN DIRECT Officer | 40 | $153,937 | $50,330 |
| CHARLES C BENNEFIELD | AREA SVC TEC Highest-paid employee | 40 | $149,844 | $40,041 |
| MICHAEL MERCHANT | LEAD AREA SV Highest-paid employee | 40 | $135,252 | $34,473 |
| MICHAEL P JONES | LEAD AREA SV Highest-paid employee | 40 | $131,875 | $37,033 |
| JOHN H CHILDS | DIRECTOR Trustee or director | 3 | $20,740 | $0 |
| WILLIAM A SPEIGHTS | PRESIDENT Trustee or director, Officer | 9 | $20,717 | $0 |
| ANGELA KERR SMART | DIRECTOR Trustee or director | 2.75 | $19,865 | $0 |
| GREGORY P GRIGSBY | DIRECTOR Trustee or director | 3.5 | $19,843 | $0 |
| MICHAEL G LEE | DIRECTOR Trustee or director | 2.5 | $19,665 | $0 |
| RONNIE GREER | SECRETARY/TR Trustee or director, Officer | 4.75 | $19,517 | $0 |
| MICHA MILLER | VICE-PRESIDE Trustee or director, Officer | 3.5 | $18,565 | $0 |
| SERICA WILKINS | DIRECTOR Trustee or director | 5 | $18,465 | $0 |
| BENNIS P STEPTOE | DIRECTOR Trustee or director | 0.75 | $18,365 | $0 |
| PAUL S ALEXANDER | DIRECTOR Trustee or director | 3 | $17,640 | $0 |
| RODNEY WOOTEN | DIRECTOR Trustee or director | 1.5 | $11,855 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 736, HEMPHILL, TX 75948-0736
- In care of
- % KATHY TANNER
- Principal officer (990 for 2024)
- BRYAN WOOD, PO BOX 736, SAN AUGUSTINE, TX 75972
- Signed the 990
- BRYAN WOOD, GENERAL MANAGER
- Phone
- (936) 275-2314
- Website
- HTTP://WWW.DEEPEAST.COM/
- Return prepared by
- CRI ADVISORS LLC
Mission
DEEP EAST TEXAS ELECTRIC COOPERATIVE WAS ESTABLISHED FOR THE PURPOSE OF PROVIDING ELECTRICITY AND RELATED SERVICES TO RURAL CONSUMERS IN EAST TEXAS.
Program accomplishments
- DEEP EAST TEXAS ELECTRIC COOPERATIVE WAS ESTABLISHED FOR THE PURPOSE OF PROVIDING ELECTRICITY AND RELATED SERVICES TO RURAL CONSUMERS IN EAST TEXAS.
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
- 75-0229997
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1939
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $301,756,987
- Income (IRS master file)
- $109,282,652
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $109,272,636 | $109,272,636 | $301,756,987 | XML |
| 990 | December 2023 | $114,338,527 | $114,338,527 | $281,399,509 | XML |
| 990 | December 2022 | $120,456,230 | $120,456,230 | $265,824,939 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 75-0229997).
Questions about DEEP EAST TEXAS ELECTRIC CO-OPERATIVE INC
- What is the EIN of DEEP EAST TEXAS ELECTRIC CO-OPERATIVE INC?
- The employer identification number (EIN) of DEEP EAST TEXAS ELECTRIC CO-OPERATIVE INC is 75-0229997.
- Is DEEP EAST TEXAS ELECTRIC CO-OPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1939.
- Are donations to DEEP EAST TEXAS ELECTRIC CO-OPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DEEP EAST TEXAS ELECTRIC CO-OPERATIVE 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 DEEP EAST TEXAS ELECTRIC CO-OPERATIVE 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 DEEP EAST TEXAS ELECTRIC CO-OPERATIVE 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 DEEP EAST TEXAS ELECTRIC CO-OPERATIVE INC?
- The 990 for the year ended December 31, 2024 names BRYAN WOOD.
- Who are the officers and directors of DEEP EAST TEXAS ELECTRIC CO-OPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 19 received compensation from the organization, the highest $344,525 (BRYAN WOOD, GENERAL MANA).
- How much revenue does DEEP EAST TEXAS ELECTRIC CO-OPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $109,272,636, expenses of $109,272,636 and total assets of $301,756,987 at year end.
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