Nonprofit · EIN 75-0274876
FORT BELKNAP ELECTRIC COOPERATIVE INC
Tax-exempt · OLNEY, TX 76374
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $17,477,578 | $17,477,578 | $0 | $40,656,536 | $9,621,097 | $31,035,439 |
| December 31, 2023 | 990 | $19,946,926 | $19,946,926 | $0 | $41,375,442 | $11,019,273 | $30,356,169 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $17,369,247
- Investment income
- $90,737
- Net rental income
- $5,400
- Net gain from sales of assets
- $41,763
- Net income from sales of inventory
- $244
- Other revenue
- $17,594
Expenses
- Grants and similar amounts paid
- $8,154
- Benefits paid to members
- $428,488
- Compensation of officers, directors and key employees
- $458,536
- Other salaries and wages
- $1,238,840
- Salaries, compensation and benefits (total)
- $2,263,377
- Professional fundraising fees
- $0
- Depreciation
- $1,298,990
Balance sheet and other
- Total assets, start of year
- $41,375,442
- Total assets, end of year
- $40,656,536
- Total liabilities, end of year
- $9,621,097
- Net assets, end of year
- $31,035,439
- Land, buildings and equipment
- $25,188,767
- Gross receipts
- $17,477,578
- Employees
- 28
- Volunteers
- 0
- Year formed
- 1939
- 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 |
|---|---|---|---|---|
| KENDALL MONTGOMERY | CEO/GENERAL MANAGER Officer | 57 | $155,640 | $75,317 |
| BENNIE LANE | SECRETARY/TREASURER Trustee or director, Officer | 3.7 | $26,539 | $0 |
| RICK ICKERT | PRESIDENT Trustee or director, Officer | 2.18 | $26,089 | $0 |
| WILSON TAACK | DIRECTOR Trustee or director | 1.87 | $25,264 | $0 |
| JIMMY BRUTON | DIRECTOR Trustee or director | 1.38 | $25,189 | $0 |
| LARRY HEARNE | VICE PRESIDENT Trustee or director, Officer | 1.13 | $24,933 | $0 |
| JAMES R YANCEY | DIRECTOR Trustee or director | 1.67 | $24,898 | $0 |
| TERRY CREEL | DIRECTOR Trustee or director | 1.19 | $24,889 | $0 |
| KENNETH LOWE | DIRECTOR Trustee or director | 0.88 | $24,889 | $0 |
| JC MATHIEWS | DIRECTOR Trustee or director | 0.95 | $24,889 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KENDALL MONTGOMERY | CEO/GENERAL MANAGER Officer | 40.25 | $147,564 | $61,821 |
| RICK ICKERT | PRESIDENT Trustee or director, Officer | 1.17 | $24,653 | $0 |
| TERRY CREEL | DIRECTOR Trustee or director | 1.36 | $23,753 | $0 |
| JIMMY BRUTON | DIRECTOR Trustee or director | 0.92 | $23,553 | $0 |
| BENNIE LANE | SECRETARY/TREASURER Trustee or director, Officer | 1.52 | $23,553 | $0 |
| JC MATHIEWS | DIRECTOR Trustee or director | 1.19 | $23,553 | $0 |
| WILSON TAACK | DIRECTOR Trustee or director | 0.92 | $23,543 | $0 |
| LARRY HEARNE | VICE PRESIDENT Trustee or director, Officer | 1.19 | $23,517 | $0 |
| KENNETH LOWE | DIRECTOR Trustee or director | 0.83 | $23,453 | $0 |
| JAMES R YANCEY | DIRECTOR Trustee or director | 0.96 | $23,399 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 486, OLNEY, TX 76374-0486
- Principal officer (990 for 2024)
- KENDALL MONTGOMERY, PO BOX 486, OLNEY, TX 763740486
- Signed the 990
- KENDALL MONTGOMERY, GENERAL MANAGER
- Phone
- (940) 564-3526
- Website
- WWW.FORTBELKNAPEC.COM
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
PROVIDE RELIABLE, QUALITY ELECTRIC SERVICE TO OUR MEMBER-OWNERS AT AN AFFORDABLE AND COMPETITIVE COST, WHILE MAINTAINING THE FINANCIAL INTEGRITY OF THE COOPERATIVE.
Program accomplishments
- SALE OF ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 6,270 METERS/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
- 75-0274876
- 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)
- $40,656,536
- Income (IRS master file)
- $17,477,578
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $17,477,578 | $17,477,578 | $40,656,536 | XML |
| 990 | December 2023 | $19,946,926 | $19,946,926 | $41,375,442 | XML |
| 990 | December 2022 | $17,327,038 | $17,327,038 | $40,767,507 | 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 75-0274876).
Questions about FORT BELKNAP ELECTRIC COOPERATIVE INC
- What is the EIN of FORT BELKNAP ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of FORT BELKNAP ELECTRIC COOPERATIVE INC is 75-0274876.
- Is FORT BELKNAP ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
- Are donations to FORT BELKNAP ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FORT BELKNAP 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 FORT BELKNAP 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 FORT BELKNAP 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 FORT BELKNAP ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names KENDALL MONTGOMERY.
- Who are the officers and directors of FORT BELKNAP ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 10 received compensation from the organization, the highest $155,640 (KENDALL MONTGOMERY, CEO/GENERAL MANAGER).
- How much revenue does FORT BELKNAP ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $17,477,578, expenses of $17,477,578 and total assets of $40,656,536 at year end.
Other nonprofits in OLNEY
- OLNEY HAMILTON FOUNDATION EIN 75-2728360 · last filed 990 for 2026
- L F AND CARLA PERRY FOUNDATION INC EIN 82-0967113 · last filed 990-PF for 2024
- OLNEY COMMUNITY LIBRARY EIN 75-1738379 · last filed 990 for 2025
- YOUNG COUNTY OLNEY SENIOR CUB CENTER INCORPORATED EIN 75-1721482 · last filed 990 for 2025
- OLNEY CHRISTIAN COMMUNITY CENTER INC EIN 46-2638315 · last filed 990 for 2025
- HOUSE OF MERCY ENTERPRISES EIN 82-2979723 · last filed 990 for 2025
- TEXAS MATH & SCIENCE COACHES ASSOCIATION EIN 75-2267294 · last filed 990 for 2025
- KEEP OLNEY BEAUTIFUL EIN 90-1021494 · last filed 990 for 2025