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Nonprofit · EIN 75-0357146

J-A-C ELECTRIC COOPERATIVE INC

Tax-exempt · HENRIETTA, TX 76365

Financials

$17.6M$17.6M2023$16.8M$16.8M2024
Revenue Expenses · by fiscal year end
Financials of J-A-C ELECTRIC COOPERATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$16,839,708$16,839,708$0$43,498,800$15,891,469$27,607,331
December 31, 2023990$17,565,899$17,565,899$0$43,030,475$16,180,165$26,850,310
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$16,603,228
Investment income
$102,812
Net rental income
$22,204
Net gain from sales of assets
$18,765
Net income from sales of inventory
$10,289
Other revenue
$133,668

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$748,724
Compensation of officers, directors and key employees
$416,303
Salaries, compensation and benefits (total)
$416,303
Professional fundraising fees
$0
Depreciation
$916,717

Balance sheet and other

Total assets, start of year
$43,030,475
Total assets, end of year
$43,498,800
Total liabilities, end of year
$15,891,469
Net assets, end of year
$27,607,331
Land, buildings and equipment
$20,489,554
Gross receipts
$16,839,708
Employees
16
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.

NameTitleHours / weekCompensationOther / benefits
TROY S WILEYGENERAL MANA
Officer
50$165,443$86,465
ELAINE MARTINPRESIDENT
Trustee or director, Officer
4$29,001$0
BILL PURSLEYDIRECTOR/SEC
Trustee or director, Officer
4$28,472$0
EDDIE LUIG JRVICE PRESIDE
Trustee or director, Officer
4$22,158$0
KENDALL BROWNINGDIRECTOR
Trustee or director
4$22,146$0
MARK MATHEWSDIRECTOR
Trustee or director
4$21,227$0
KENNETH TEICHMANDIRECTOR
Trustee or director
4$20,754$0
MARVIN JOE GEISDIRECTOR
Trustee or director
4$20,636$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensationOther / benefits
TROY S WILEYGENERAL MANA
Officer
50$156,020$86,302
BILL PURSLEYDIRECTOR/SEC
Trustee or director, Officer
4$29,540$0
ELAINE MARTINPRESIDENT
Trustee or director, Officer
4$28,389$0
MARVIN JOE GEISDIRECTOR
Trustee or director
4$27,276$0
KENDALL BROWNINGDIRECTOR
Trustee or director
4$21,561$0
KENNETH TEICHMANDIRECTOR
Trustee or director
4$20,632$0
EDDIE LUIG JRVICE PRESIDE
Trustee or director, Officer
4$20,595$0
MARK MATHEWSDIRECTOR
Trustee or director
4$18,522$0

Address and contacts

Address (IRS master file)
1784 FM 172, HENRIETTA, TX 76365-7108
Principal officer (990 for 2024)
TROY S WILEY, 1723 PEDEN RD, BELLEVUE, TX 76228
Signed the 990
TROY S WILEY, GENERAL MANAGER
Phone
(940) 895-3311
Return prepared by
BRISCOE BURKE & GRIGSBY LLP

Mission

TO PROVIDE ELECTRICITY TO RURAL AND SURROUNDING COMMUNITIES ON A COOPERATIVE BASIS AND AT THE MOST REASONABLE PRICE POSSIBLE.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE ELECTRICITY TO OUR MEMBERS - 5,993 ACTIVE SERVICES AT YEAR-END (7,558 TOTAL SERVICES IN PLACE - 1,565 IDLE SERVICES)WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL.

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
75-0357146
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)
$43,498,800
Income (IRS master file)
$16,839,708

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$16,839,708$16,839,708$43,498,800XML
990December 2023$17,565,899$17,565,899$43,030,475XML
990December 2022$15,418,267$15,418,267$43,026,830IRS
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 75-0357146).

Questions about J-A-C ELECTRIC COOPERATIVE INC

What is the EIN of J-A-C ELECTRIC COOPERATIVE INC?
The employer identification number (EIN) of J-A-C ELECTRIC COOPERATIVE INC is 75-0357146.
Is J-A-C ELECTRIC COOPERATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1940.
Are donations to J-A-C ELECTRIC COOPERATIVE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does J-A-C 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 J-A-C 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 J-A-C 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 J-A-C ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 names TROY S WILEY.
Who are the officers and directors of J-A-C ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 lists 8 people; 8 received compensation from the organization, the highest $165,443 (TROY S WILEY, GENERAL MANA).
How much revenue does J-A-C ELECTRIC COOPERATIVE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $16,839,708, expenses of $16,839,708 and total assets of $43,498,800 at year end.

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