Nonprofit · EIN 75-0304276
GREENBELT ELECTRIC COOPERATIVE INC
Tax-exempt · WELLINGTON, TX 79095
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $22,960,543 | $22,871,956 | $88,587 | $73,106,359 | $37,873,997 | $35,232,362 |
| December 31, 2024 | 990 | $21,477,476 | $21,499,065 | -$21,589 | $70,140,663 | $35,991,983 | $34,148,680 |
| December 31, 2023 | 990 | $25,872,801 | $25,846,706 | $26,095 | $68,042,483 | $35,572,080 | $32,470,403 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $22,716,304
- Investment income
- $212,658
- Net rental income
- $7,254
- Net gain from sales of assets
- $24,404
- Other revenue
- $31,581
Expenses
- Grants and similar amounts paid
- $24,524
- Benefits paid to members
- $1,525,008
- Compensation of officers, directors and key employees
- $985,046
- Other salaries and wages
- $2,035,457
- Salaries, compensation and benefits (total)
- $4,022,163
- Professional fundraising fees
- $0
- Depreciation
- $1,824,633
Balance sheet and other
- Total assets, start of year
- $70,140,663
- Total assets, end of year
- $73,106,359
- Total liabilities, end of year
- $37,873,997
- Net assets, end of year
- $35,232,362
- Land, buildings and equipment
- $47,698,693
- Gross unrelated business income
- $18,099
- Gross receipts
- $22,965,289
- Employees
- 40
- 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 |
|---|---|---|---|---|
| RANDY WHITE | CEO/GENERAL MANAGER/EXEC. Officer | 55 | $185,727 | $174,645 |
| RICKY BOND | OPERATIONS MANAGER (JAN) Key employee | 40 | $168,840 | $49,750 |
| MARK LEMONS | ELECTRIC ENGINEER Highest-paid employee | 60 | $135,871 | $44,041 |
| RICARDO OROZCO | CREW FOREMAN Highest-paid employee | 44 | $109,885 | $58,604 |
| JAMES D JOHNSON | AREA SERVICEMAN Highest-paid employee | 47 | $123,838 | $44,050 |
| DWAINE NEELEY | LINE SUPERINTENDENT Highest-paid employee | 42 | $109,995 | $44,595 |
| CARLY WARD | CHIEF FINANCIAL OFFICER Officer | 45 | $125,782 | $28,730 |
| MONTE MCANEAR | AREA SERVICEMAN Highest-paid employee | 44 | $115,193 | $36,853 |
| MICHAEL SOUDER | PRESIDENT Trustee or director, Officer | 1.5 | $37,370 | $0 |
| STEPHEN MARTIN | DIRECTOR Trustee or director | 2 | $35,970 | $0 |
| BRETT BUCKINGHAM | DIRECTOR Trustee or director | 2 | $35,970 | $0 |
| STAN SHELTON | VICE PRESIDENT Trustee or director, Officer | 2 | $35,620 | $0 |
| JIMMIE TAYLOR | DIRECTOR Trustee or director | 2 | $35,611 | $0 |
| BILLY CONNER | DIRECTOR Trustee or director | 1.3 | $35,611 | $0 |
| STEPHEN MATHEWS | SECRETARY/TREASURER Trustee or director, Officer | 1.8 | $35,420 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RANDY WHITE | CEO/GENERAL MANAGER/EXEC. VP Officer | 55 | $185,049 | $158,271 |
| RICKY BOND | OPERATIONS MANAGER Highest-paid employee | 40 | $142,473 | $64,024 |
| MARK LEMONS | ELECTRIC ENGINEER Highest-paid employee | 55 | $135,542 | $38,602 |
| RICARDO OROZCO | CREW FOREMAN Highest-paid employee | 43 | $111,173 | $50,038 |
| JAMES D JOHNSON | AREA SERVICEMAN Highest-paid employee | 46 | $121,474 | $38,177 |
| CARLY WARD | CHIEF FINANCIAL OFFICER Officer | 40 | $125,790 | $25,246 |
| KEVIN MCANEAR | AREA SERVICEMAN Highest-paid employee | 44 | $113,700 | $34,689 |
| JIMMIE TAYLOR | DIRECTOR Trustee or director | 1.5 | $36,049 | $0 |
| MICHAEL SOUDER | PRESIDENT Trustee or director, Officer | 1.8 | $34,508 | $0 |
| STAN SHELTON | VICE PRESIDENT Trustee or director, Officer | 1.5 | $32,758 | $0 |
| STEPHEN MATHEWS | SECRETARY/TREASURER Trustee or director, Officer | 2.5 | $32,758 | $0 |
| BRETT BUCKINGHAM | DIRECTOR Trustee or director | 1.5 | $32,758 | $0 |
| BILLY CONNER | DIRECTOR Trustee or director | 1 | $32,749 | $0 |
| STEPHEN MARTIN | DIRECTOR Trustee or director | 2.5 | $3,116 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RANDY WHITE | GENERAL MANAGER/CEO Officer | 55 | $193,892 | $133,013 |
| RICKY BOND | OPERATIONS MANAGER Highest-paid employee | 40 | $139,980 | $61,736 |
| MARK LEMONS | ENGINEER Highest-paid employee | 40 | $128,299 | $35,477 |
| DAVE JOHNSON | AREA SERVICEMAN Highest-paid employee | 48 | $118,760 | $35,413 |
| JONATHAN KILLIAN | AREA SERVICEMAN Highest-paid employee | 45 | $110,787 | $36,080 |
| KEVIN MCANEAR | AREA SERVICEMAN Highest-paid employee | 46 | $113,557 | $32,074 |
| CARLY WARD | CHIEF FINANCIAL OFFICER Officer | 40 | $120,876 | $22,910 |
| JIMMIE TAYLOR | DIRECTOR Trustee or director | 2 | $37,237 | $0 |
| MICHAEL SOUDER | PRESIDENT Trustee or director, Officer | 5 | $36,195 | $0 |
| BRETT BUCKINGHAM | DIRECTOR Trustee or director | 2 | $33,945 | $0 |
| STAN SHELTON | VICE PRESIDENT Trustee or director, Officer | 2 | $33,745 | $0 |
| STEVE MATHEWS | SECRETARY/TREASURER Trustee or director, Officer | 2 | $33,745 | $0 |
| BILLY CONNER | DIRECTOR Trustee or director | 1 | $33,737 | $0 |
| STEPHEN MARTIN | DIRECTOR Trustee or director | 2.5 | $2,916 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 948, WELLINGTON, TX 79095-0948
- Principal officer (990 for 2025)
- RANDY WHITE, PO BOX 948, WELLINGTON, TX 79095
- Signed the 990
- RANDY WHITE, CEO/GENERAL MANAGER/EXEC. VP
- Phone
- (806) 447-2536
- Website
- WWW.GREENBELTELECTRIC.COOP
- Return prepared by
- BOLINGER SEGARS GILBERT & MOSS LLP
Mission
THE COOPERATIVE'S RESPONSIBILITY AND AIM IS TO PROVIDE EXCELLENT AND INNOVATIVE CUSTOMER SERVICE AS REFLECTED IN TOP QUALITY ELECTRIC SERVICE RELIABILITY, AFFORDABLE RATES, EMPLOYEE TEAMWORK AND THE HIGHEST DEGREE OF INTEGRITY IN ALL COOPERATIVE ENDEAVORS.
Program accomplishments
- PROVIDING ELECTRIC POWER TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 5,676 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
- 75-0304276
- 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)
- $73,106,359
- Income (IRS master file)
- $22,965,289
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $22,960,543 | $22,871,956 | $73,106,359 | XML |
| 990 | December 2024 | $21,477,476 | $21,499,065 | $70,140,663 | XML |
| 990 | December 2023 | $25,872,801 | $25,846,706 | $68,042,483 | XML |
| 990 | December 2022 | $27,737,736 | $27,749,657 | $63,303,175 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-EZ | 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 75-0304276).
Questions about GREENBELT ELECTRIC COOPERATIVE INC
- What is the EIN of GREENBELT ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of GREENBELT ELECTRIC COOPERATIVE INC is 75-0304276.
- Is GREENBELT ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1939.
- Are donations to GREENBELT ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GREENBELT 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 GREENBELT 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 GREENBELT 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 GREENBELT ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names RANDY WHITE.
- Who are the officers and directors of GREENBELT ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 15 people; 15 received compensation from the organization, the highest $185,727 (RANDY WHITE, CEO/GENERAL MANAGER/EXEC.).
- How much revenue does GREENBELT ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $22,960,543, expenses of $22,871,956 and total assets of $73,106,359 at year end.
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