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Nonprofit · EIN 75-0665517

WISE ELECTRIC COOPERATIVE INCORPORATED

Tax-exempt · DECATUR, TX 76234

Financials

$104.4M$103.7M2023$98.4M$98.1M2024
Revenue Expenses · by fiscal year end
Financials of WISE ELECTRIC COOPERATIVE INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$98,357,880$98,106,960$250,920$193,302,486$102,563,835$90,738,651
December 31, 2023990$104,424,415$103,675,003$749,412$189,572,009$102,110,244$87,461,765
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$97,984,530
Investment income
$172,723
Net rental income
$78,196
Net gain from sales of assets
$68,207
Other revenue
$200,627

Expenses

Grants and similar amounts paid
$29,864
Benefits paid to members
$4,762,237
Compensation of officers, directors and key employees
$1,444,319
Other salaries and wages
$2,907,464
Salaries, compensation and benefits (total)
$6,041,379
Professional fundraising fees
$0
Depreciation
$5,576,879

Balance sheet and other

Total assets, start of year
$189,572,009
Total assets, end of year
$193,302,486
Total liabilities, end of year
$102,563,835
Net assets, end of year
$90,738,651
Land, buildings and equipment
$137,308,968
Gross receipts
$98,532,824
Employees
75
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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
RAYCE CANTWELLGENERAL MANAGER
Officer
50$264,853$119,104
KELLY MYERSASSISTANT GENERAL MANAGER
Officer
45$228,434$71,996
CHRIS WALSHOPERATIONS ENG/WHS MANAGER
Highest-paid employee
40$171,016$108,771
RUSSELL KINGLINE SUPERINTENDENT
Key employee
60$176,847$76,904
ANNA WALLACEMANAGER OF IT
Highest-paid employee
60$178,529$58,171
BRYAN SHRIVERMEMBER SERVICES MANAGER
Key employee
40$151,814$50,208
CHRISTOPHER MARTINEZRISK & COMPLIANCE MANAGER
Highest-paid employee
45$127,352$58,816
DOUG LONGLINE FOREMAN
Highest-paid employee
40$114,796$63,344
CHUCK PEACELINE FOREMAN
Highest-paid employee
40$115,655$53,042
BRYSON GENTRYDIRECTOR
Trustee or director
5$49,678$0
GLENN HUGHESDIRECTOR
Trustee or director
4.5$47,843$0
AUDIE MORRISPRESIDENT
Trustee or director, Officer
8.1$43,406$0
BRUCE NIVENSDIRECTOR
Trustee or director
3.9$43,045$0
RUSSELL MORGANDIRECTOR
Trustee or director
3.1$42,385$0
TOM ROBINSONVICE PRESIDENT
Trustee or director, Officer
4$41,739$0
1 more people on this return
NameTitleHours / weekCompensation
ALLEN HEUGATTERSECRETARY/TREASURER
Trustee or director, Officer
3.6$36,063
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensationOther / benefits
RAYCE CANTWELLGENERAL MANAGER
Officer
50$253,076$109,672
CHRIS WALSHOPERATIONS ENG/WHS MANAGER
Highest-paid employee
40$162,949$103,373
KELLY MYERSASSISTANT GENERAL MANAGER
Officer
45$216,478$43,811
RUSSELL KINGLINE SUPERINTENDENT
Key employee
40$170,213$65,732
ANNA WALLACEMANAGER OF IT
Highest-paid employee
40$167,101$50,422
BILL HOODMEMBER SERVICE MANAGER
Key employee
40$169,505$45,452
BRYAN SHRIVERHUMAN RESOURCES/PROPERTY M
Highest-paid employee
40$133,853$57,352
CHRISTOPHER MARTINEZLOSS CONTROL MANAGER
Highest-paid employee
40$115,685$54,929
CHUCK PEACELINE FOREMAN
Highest-paid employee
40$116,661$53,587
GLENN HUGHESDIRECTOR
Trustee or director
4.5$49,698$0
BRUCE NIVENSDIRECTOR
Trustee or director
3.9$45,178$0
BRYSON GENTRYDIRECTOR
Trustee or director
5$42,770$0
TOM ROBINSONVICE PRESIDENT
Trustee or director, Officer
4$40,355$0
AUDIE MORRISPRESIDENT
Trustee or director, Officer
8.1$39,064$0
ALLEN HEUGATTERSECRETARY/TREASURER
Trustee or director, Officer
3.6$35,780$0
RUSSELL MORGANDIRECTOR
Trustee or director
3.1$35,632$0

Address and contacts

Address (IRS master file)
PO BOX 269, DECATUR, TX 76234-0200
Principal officer (990 for 2024)
RAYCE CANTWELL, PO BOX 269, DECATUR, TX 76234
Signed the 990
RAYCE CANTWELL, GENERAL MANAGER
Phone
(940) 626-3029
Return prepared by
BOLINGER SEGARS GILBERT AND MOSS LLP

Mission

AT WISE ELECTRIC, OUR MISSION IS TO PROVIDE SAFE, RELIABLE, COMPETITIVELY PRICED ELECTRIC AND RELATED SERVICES TO YOU, OUR MEMBERS.

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 26,941 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
75-0665517
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)
$193,302,486
Income (IRS master file)
$98,532,824

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$98,357,880$98,106,960$193,302,486XML
990December 2023$104,424,415$103,675,003$189,572,009XML
990December 2022$90,702,449$90,593,912$177,121,572IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 75-0665517).

Questions about WISE ELECTRIC COOPERATIVE INCORPORATED

What is the EIN of WISE ELECTRIC COOPERATIVE INCORPORATED?
The employer identification number (EIN) of WISE ELECTRIC COOPERATIVE INCORPORATED is 75-0665517.
Is WISE ELECTRIC COOPERATIVE INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1940.
Are donations to WISE ELECTRIC COOPERATIVE INCORPORATED tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does WISE ELECTRIC COOPERATIVE INCORPORATED 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 WISE ELECTRIC COOPERATIVE INCORPORATED 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 WISE ELECTRIC COOPERATIVE INCORPORATED 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 WISE ELECTRIC COOPERATIVE INCORPORATED?
The 990 for the year ended December 31, 2024 names RAYCE CANTWELL.
Who are the officers and directors of WISE ELECTRIC COOPERATIVE INCORPORATED?
The 990 for the year ended December 31, 2024 lists 16 people; 16 received compensation from the organization, the highest $264,853 (RAYCE CANTWELL, GENERAL MANAGER).
How much revenue does WISE ELECTRIC COOPERATIVE INCORPORATED have?
On its 990 for the year ended December 31, 2024 it reported revenue of $98,357,880, expenses of $98,106,960 and total assets of $193,302,486 at year end.

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