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Nonprofit · EIN 75-0263046

FARMERS ELECTRIC COOPERATIVE INC

Tax-exempt · GREENVILLE, TX 75402

Financials

$205.1M$205.7M2023$211.3M$210.5M2024
Revenue Expenses · by fiscal year end
Financials of FARMERS ELECTRIC COOPERATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$211,300,788$210,489,429$811,359$572,367,300$362,867,608$209,499,692
December 31, 2023990$205,067,907$205,682,056-$614,149$485,382,315$285,407,480$199,974,835
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$210,498,105
Investment income
$205,613
Net rental income
$45,584
Net gain from sales of assets
$24,240
Net income from sales of inventory
$30
Other revenue
$597,070

Expenses

Grants and similar amounts paid
$33,962
Benefits paid to members
$11,981,616
Compensation of officers, directors and key employees
$3,200,293
Other salaries and wages
$10,778,865
Salaries, compensation and benefits (total)
$18,685,082
Professional fundraising fees
$0
Depreciation
$15,887,156

Balance sheet and other

Total assets, start of year
$485,382,315
Total assets, end of year
$572,367,300
Total liabilities, end of year
$362,867,608
Net assets, end of year
$209,499,692
Land, buildings and equipment
$473,104,084
Gross unrelated business income
$30
Gross receipts
$211,309,673
Employees
230
Volunteers
0
Year formed
1937
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.

NameTitleHours / weekCompensationOther / benefits
MARK STUBBSCEO/GENERAL MANAGER
Officer
55$739,440$209,724
BRIAN GREENSR DIRECTOR OF ENGINEERING
Key employee
50$390,715$155,392
SAMANTHA CROUCH BAXTERGEN COUNSEL/SR DIRECTOR
Key employee
50$397,026$107,569
KATHY SCROGGINSCFO/DIRECTOR OF FINANCE
Officer
45$325,193$161,590
DAVID MARK LYLESDIRECTOR OF ADMINISTRATION
Key employee
50$323,119$141,723
ANTHONY GRANTMANAGER OF IT
Highest-paid employee
50$198,293$108,012
DAVID EARLSMANAGER OF OPERATIONS
Highest-paid employee
60$217,006$74,495
ROSA GARMONMANAGER OF MEMBER CARE
Highest-paid employee
47$182,238$109,010
MICHAEL HALEMANAGER OF POWER QUALITY
Highest-paid employee
50$177,262$91,601
SHAUN CHRONISTERMANAGER OF ENGINEERING
Highest-paid employee
50$190,965$73,150
BOB MIDDLETON JRSECRETARY/TREASURER
Trustee or director, Officer
6$29,475$0
LARRY LANEDIRECTOR
Trustee or director
5.5$28,857$0
MARVIN FULLERDIRECTOR
Trustee or director
6.9$28,548$0
TOMMY PULLIAMVICE PRESIDENT
Trustee or director, Officer
5.3$27,930$0
PAUL TALLANTDIRECTOR
Trustee or director
4.9$27,930$0
4 more people on this return
NameTitleHours / weekCompensation
BILL SAMUELSPRESIDENT
Trustee or director, Officer
6.6$27,680
WAYNE DOUGLASDIRECTOR
Trustee or director
3$26,987
MARTIN ALLAINDIRECTOR
Trustee or director
3.7$25,767
DON PHILLIPSDIRECTOR
Trustee or director
3.2$25,628
990 for the year ended December 31, 2023: 27 people
NameTitleHours / weekCompensationOther / benefits
MARK STUBBSCEO/GENERAL MANAGER
Officer
48$662,418$180,924
BRIAN GREENSR DIRECTOR OF ENGINEERING/OP
Key employee
50$366,131$123,979
SAMANTHA CROUCH BAXTERGEN COUNSEL/SR DIRECTOR
Key employee
50$367,166$91,139
KATHY SCROGGINSCFO/DIRECTOR OF FINANCE
Officer
45$300,358$122,800
DAVID MARK LYLESDIRECTOR OF ADMINISTRATION
Key employee
50$298,423$109,553
ANTHONY GRANTMANAGER OF IT
Key employee
50$187,392$85,666
DAVID EARLSMANAGER OF OPERATIONS
Key employee
60$199,617$63,065
ROSA GARMONMANAGER OF MEMBER CARE
Key employee
50$161,783$79,229
SHAUN CHRONISTERMANAGER OF ENGINEERING
Key employee
50$172,613$62,232
MICHAEL HALEMANAGER OF POWER QUALITY
Key employee
50$162,563$71,965
JAMES NIMMOMGR OF COMMUNICATIONS
Key employee
50$158,156$61,836
BRIAN SIMSLINE SUPERINTENDENT
Highest-paid employee
55$146,732$58,870
GARY GILESLINE SUPERINTENDENT
Highest-paid employee
50$136,081$68,436
TABITHA BRYANTMGR OF HR & DEVELOPMENT
Key employee
50$156,787$46,062
CRAIG ANDERSONCREW FOREMAN
Key employee
48.5$158,164$41,248
BRANDAN BLUNTCREW FOREMAN
Highest-paid employee
45$140,619$46,126
FRANK SPATAROSR PROJECT COORDINATOR
Highest-paid employee
41$135,888$41,278
JASON BAIRBUCKET OPERATOR
Highest-paid employee
47$140,877$35,116
BOB MIDDLETON JRSECRETARY
Trustee or director, Officer
6.2$31,142$0
LARRY LANEDIRECTOR
Trustee or director
5.8$30,083$0
PAUL TALLANTDIRECTOR
Trustee or director
4.9$28,479$0
WAYNE DOUGLASDIRECTOR
Trustee or director
4.8$28,465$0
BILL SAMUELSPRESIDENT
Trustee or director, Officer
6.5$28,229$0
TOMMY PULLIAMVICE PRESIDENT
Trustee or director, Officer
4.4$26,993$0
MARTIN ALLAINDIRECTOR
Trustee or director
4.1$26,007$0
MARVIN FULLERDIRECTOR
Trustee or director
5.1$26,007$0
DON PHILLIPSDIRECTOR
Trustee or director
3.6$25,873$0

Address and contacts

Address (IRS master file)
2000 E I30, GREENVILLE, TX 75402-9084
In care of
% FARMERS ELECTRIC COOPERATIVE
Principal officer (990 for 2024)
MARK STUBBS, 2000 I-30 EAST, GREENVILLE, TX 75402
Signed the 990
MARK STUBBS, CEO/GENERAL MANAGER
Phone
(903) 455-1715
Return prepared by
BOLINGER SEGARS GILBERT AND MOSS LLP

Mission

TO PROVIDE QUALITY ELECTRIC SERVICE TO MEMBER-OWNERS AT A REASONABLE COST.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 100,359 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-0263046
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1943
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$572,367,300
Income (IRS master file)
$211,309,673

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$211,300,788$210,489,429$572,367,300XML
990December 2023$205,067,907$205,682,056$485,382,315XML
990December 2022$223,821,354$219,660,101$432,838,169IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 75-0263046).

Questions about FARMERS ELECTRIC COOPERATIVE INC

What is the EIN of FARMERS ELECTRIC COOPERATIVE INC?
The employer identification number (EIN) of FARMERS ELECTRIC COOPERATIVE INC is 75-0263046.
Is FARMERS ELECTRIC COOPERATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
Are donations to FARMERS ELECTRIC COOPERATIVE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FARMERS 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 FARMERS 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 FARMERS 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 FARMERS ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 names MARK STUBBS.
Who are the officers and directors of FARMERS ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 lists 19 people; 19 received compensation from the organization, the highest $739,440 (MARK STUBBS, CEO/GENERAL MANAGER).
How much revenue does FARMERS ELECTRIC COOPERATIVE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $211,300,788, expenses of $210,489,429 and total assets of $572,367,300 at year end.

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