Nonprofit · EIN 75-1615421
NORTHEAST TEXAS ELECTRIC COOP INC
Tax-exempt · LONGVIEW, TX 75608
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $239,053,261 | $234,478,090 | $4,575,171 | $294,120,365 | $162,071,260 | $132,049,105 |
| December 31, 2023 | 990 | $237,882,729 | $234,692,076 | $3,190,653 | $303,655,928 | $176,181,994 | $127,473,934 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $237,715,648
- Investment income
- $1,337,613
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $528,950
- Other salaries and wages
- $73,861
- Salaries, compensation and benefits (total)
- $667,380
- Professional fundraising fees
- $0
- Legal fees
- $1,687,329
- Accounting fees
- $276,009
- Occupancy
- $51,960
- Travel
- $25,904
- Depreciation
- $8,171,235
- Program services (functional)
- $234,478,090
Balance sheet and other
- Total assets, start of year
- $303,655,928
- Total assets, end of year
- $294,120,365
- Total liabilities, end of year
- $162,071,260
- Net assets, end of year
- $132,049,105
- Land, buildings and equipment
- $94,040,684
- Gross receipts
- $239,053,261
- Employees
- 2
- Year formed
- 1978
- 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 |
|---|---|---|---|---|
| Caleb Head | GM Officer | 40 | $262,546 | $112,750 |
| Trey Teaff | President Trustee or director, Officer | 3 | $18,000 | $0 |
| Mark Boyd | Director Trustee or director | 6 | $18,000 | $0 |
| Cathy Roberts | Director Trustee or director | 2 | $15,600 | $0 |
| M Austin Haynes | Vice President Trustee or director, Officer | 6 | $15,600 | $0 |
| William Speights | Director Trustee or director | 3 | $15,600 | $0 |
| Steve Delaughter | Director Trustee or director | 5 | $15,600 | $0 |
| Frankie B King | Director Trustee or director | 3 | $15,600 | $0 |
| Albert Tiller | Director Trustee or director | 2 | $15,600 | $0 |
| Bryan Wood | Director Trustee or director | 4 | $15,600 | $0 |
| Rhett Reid | Director Trustee or director | 6 | $15,600 | $0 |
| Richard Hacker | Sec/Treas Trustee or director, Officer | 4 | $15,600 | $0 |
| Robert Walker | Asst Sec/Treas Trustee or director, Officer | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Caleb Head | Interim GM Officer | 40 | $282,927 | $103,598 |
| Ronald Ray | GM/CEO Officer | 40 | $75,170 | $19,053 |
| Mark Boyd | President Trustee or director, Officer | 6 | $18,400 | $0 |
| Bryan Wood | Director Trustee or director | 5 | $17,600 | $0 |
| Trey Teaff | Vice President Trustee or director, Officer | 2 | $15,600 | $0 |
| Cathy Roberts | Director Trustee or director | 2 | $15,600 | $0 |
| M Austin Haynes | Sec/Treas Trustee or director, Officer | 6 | $15,600 | $0 |
| William Speights | Director Trustee or director | 6 | $15,600 | $0 |
| Steve Delaughter | Director Trustee or director | 5 | $15,600 | $0 |
| Frankie B King | Director Trustee or director | 2 | $15,600 | $0 |
| Albert Tiller | Director Trustee or director | 2 | $15,600 | $0 |
| Rhett Reid | Director Trustee or director | 5 | $15,600 | $0 |
| Richard Hacker | Asst Sec/Treas Trustee or director, Officer | 4 | $15,600 | $0 |
| Robert Walker | Director Trustee or director | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 9248, LONGVIEW, TX 75608-9248
- Principal officer (990 for 2024)
- Caleb Head, 2221 H G Mosley Parkway 100, Longview, TX 75604
- Signed the 990
- Caleb Head, GM
- Phone
- (903) 757-3282
- Return prepared by
- Goff & Herrington PC
Mission
NTEC Provides wholesale electric generating, purchasing, and transmission to its member electric cooperatives.
Program accomplishments
- Costs incurred with providing wholesale electric energy to 6 electric distribution cooperative members who in turn provide electricity to over 165,000 retail members
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
- 75-1615421
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1979
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $294,120,365
- Income (IRS master file)
- $239,053,261
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $239,053,261 | $234,478,090 | $294,120,365 | IRS |
| 990 | December 2023 | $237,882,729 | $234,692,076 | $303,655,928 | XML |
| 990 | December 2022 | $309,803,168 | $307,095,816 | $321,398,197 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 75-1615421).
Questions about NORTHEAST TEXAS ELECTRIC COOP INC
- What is the EIN of NORTHEAST TEXAS ELECTRIC COOP INC?
- The employer identification number (EIN) of NORTHEAST TEXAS ELECTRIC COOP INC is 75-1615421.
- Is NORTHEAST TEXAS ELECTRIC COOP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1979.
- Are donations to NORTHEAST TEXAS ELECTRIC COOP INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORTHEAST TEXAS ELECTRIC COOP 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 NORTHEAST TEXAS ELECTRIC COOP 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 NORTHEAST TEXAS ELECTRIC COOP 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 NORTHEAST TEXAS ELECTRIC COOP INC?
- The 990 for the year ended December 31, 2024 names Caleb Head.
- Who are the officers and directors of NORTHEAST TEXAS ELECTRIC COOP INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 12 received compensation from the organization, the highest $262,546 (Caleb Head, GM).
- How much revenue does NORTHEAST TEXAS ELECTRIC COOP INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $239,053,261, expenses of $234,478,090 and total assets of $294,120,365 at year end.
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