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Adams Rural Electric Cooperative Inc

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$18.3M (2023)

Expenses
$17.1M (2023)

Total Assets
$40.6M (2023)

Total Liabilities
$18.3M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,297,373
Expenses
$17,059,314
Net Income
$1,238,059
Net Assets
$22,328,068
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $18,270,550
99.9%
Investment Income $26,823
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,127,072
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $497,972
2.9%
Assets/Debt
Total Assets $40,601,363
Total Liabilities $18,273,295
Net Assets $22,328,068
Club or Co-Op Income
Income From Members $17,378,684
Income From Other Sources $542,443
Compensation
Key Employees and Officers Compensation Related Other
Erika Ackley (General Manager) $178,283 $0 $67,662
Steve Hoop (Manager Of Operations) $119,036 $0 $99,883
David Henry (Foreman) $115,017 $0 $51,430
Michael Whitley (Foreman) $111,068 $0 $47,065
Brian Alexander (Lineman) $109,184 $0 $29,463
Zachary Rowe (Lineman) $108,277 $0 $19,554
Kenneth Mc Cann (Secretary And Treasurer) $11,145 $0 $6
Stephen Huff (Trustee) $9,895 $0 $6
Charles Newman (Vice President) $9,650 $0 $6
Blanchard Campbell (Trustee) $9,600 $0 $3
William Seaman (Trustee) $8,770 $0 $4
Donald Mc Carty (President) $8,245 $0 $6
David Abbott (Trustee) $4,800 $0 $6
Milton Dale Grooms (Trustee) $4,500 $0 $2
William Wylie (Trustee) $4,500 $0 $6

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,174,264
Expenses
$17,133,285
Net Income
$1,040,979
Net Assets
$22,308,831
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $18,156,416
99.9%
Investment Income $17,848
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $977,960
5.7%
Professional Fundraising Fees $0
Other Salaries and Wages $607,203
3.5%
Assets/Debt
Total Assets $40,215,712
Total Liabilities $17,906,881
Net Assets $22,308,831
Club or Co-Op Income
Income From Members $17,360,698
Income From Other Sources $660,551
Compensation
Key Employees and Officers Compensation Related Other
William Swango (Former General Manager) $191,132 $0 $20,937
Erika Ackley (General Manager) $153,353 $0 $74,899
Michael Whitley (Line Foreman) $104,261 $0 $54,167
David Henry (Line Foreman) $101,902 $0 $60,002
Steven Hoop (Manager Of Operations) $101,607 $0 $66,404
Blanchard Campbell (Trustee) $7,400 $0 $3
Stephen Huff (Trustee) $7,290 $0 $6
William Seaman (Trustee) $6,900 $0 $4
Kenneth Mc Cann (Secretary Treasurer) $6,505 $0 $6
Charles Newman (Vice President) $6,400 $0 $6
Donald Mc Carty (President) $6,210 $0 $6
M Dale Grooms (Trustee) $3,850 $0 $2
William Wylie (Trustee) $3,100 $0 $6
David Abbott (Trustee) $1,600 $0 $2

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,363,278
Expenses
$16,067,343
Net Income
$1,295,935
Net Assets
$22,132,058
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $17,151,368
98.8%
Investment Income $211,910
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $642,897
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $798,967
5.0%
Assets/Debt
Total Assets $40,089,293
Total Liabilities $17,957,235
Net Assets $22,132,058
Club or Co-Op Income
Income From Members $16,458,764
Income From Other Sources $690,401
Compensation
Key Employees and Officers Compensation Related Other
William Swango (General Manager) $156,751 $0 $106,961
Erika Ackley (Manager Of Finance And Administration) $120,181 $0 $67,394
Michael Whitley (Line Foreman) $101,398 $0 $51,600
Kenneth Mc Cann (Secretary Treasurer) $5,945 $0 $6
William Seaman (Trustee) $5,000 $0 $4
Blanchard Campbell (Trustee) $5,000 $0 $3
Stephen Huff (Trustee) $4,250 $0 $6
Donald Mc Carty (President) $4,195 $0 $6
Charles Newman (Vice President) $3,930 $0 $6
M Dale Grooms (Trustee) $3,750 $0 $2
William Wylie (Trustee) $3,250 $0 $6
John Wickerham (Trustee) $3,250 $0 $3

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,189,154
Expenses
$15,847,442
Net Income
$1,341,712
Net Assets
$21,189,951
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,847,605
98.0%
Investment Income $341,549
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $469,872
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $814,381
5.1%
Assets/Debt
Total Assets $40,339,630
Total Liabilities $19,149,679
Net Assets $21,189,951
Club or Co-Op Income
Income From Members $16,046,211
Income From Other Sources $587,412
Compensation
Key Employees and Officers Compensation Related Other
William Swango (General Manager) $145,180 $0 $99,992
Erika Ackley (Manager Of Finance And Administration) $118,248 $0 $58,570
Kenneth Mc Cann (Secretary Treasurer) $6,680 $0 $6
Donald Mc Carty (President) $6,255 $0 $6
Charles Newman (Vice President) $6,255 $0 $6
Stephen Huff (Trustee) $5,825 $0 $6
William Seaman (Trustee) $5,825 $0 $4
Blanchard Campbell (Trustee) $5,750 $0 $3
M Dale Grooms (Trustee) $4,250 $0 $2
John Wickerham (Trustee) $3,750 $0 $3
William Wylie (Trustee) $3,250 $0 $6

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,383,585
Expenses
$15,408,948
Net Income
$974,637
Net Assets
$20,545,191
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,012,040
97.7%
Investment Income $371,545
2.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $322,001
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $763,718
5.0%
Assets/Debt
Total Assets $40,182,907
Total Liabilities $19,637,716
Net Assets $20,545,191
Club or Co-Op Income
Income From Members $15,325,667
Income From Other Sources $345,165

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,112,288
Expenses
$15,405,807
Net Income
$1,706,481
Net Assets
$20,191,819
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,764,439
98.0%
Investment Income $347,849
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $294,214
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $773,908
5.0%
Assets/Debt
Total Assets $40,296,255
Total Liabilities $20,104,436
Net Assets $20,191,819
Club or Co-Op Income
Income From Members $15,702,429
Income From Other Sources $337,528

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,290,306
Expenses
$14,669,342
Net Income
$1,620,964
Net Assets
$19,062,517
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,006,349
98.3%
Investment Income $283,957
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $278,917
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $802,030
5.5%
Assets/Debt
Total Assets $40,058,441
Total Liabilities $20,995,924
Net Assets $19,062,517
Club or Co-Op Income
Income From Members $15,084,120
Income From Other Sources $244,977

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,603,329
Expenses
$15,060,411
Net Income
$1,542,918
Net Assets
$18,041,396
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,391,595
98.7%
Investment Income $211,734
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $267,693
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $833,126
5.5%
Assets/Debt
Total Assets $39,370,256
Total Liabilities $21,328,860
Net Assets $18,041,396
Club or Co-Op Income
Income From Members $15,801,203
Income From Other Sources $431,026

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,838,182
Expenses
$15,339,302
Net Income
$1,498,880
Net Assets
$17,092,763
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,637,415
98.8%
Investment Income $200,767
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $239,401
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $820,328
5.3%
Assets/Debt
Total Assets $38,851,899
Total Liabilities $21,759,136
Net Assets $17,092,763
Club or Co-Op Income
Income From Members $15,608,550
Income From Other Sources $316,086

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,598,902
Expenses
$15,065,103
Net Income
$1,533,799
Net Assets
$16,120,900
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,440,599
99.0%
Investment Income $158,303
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $237,817
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $811,011
5.4%
Assets/Debt
Total Assets $38,900,736
Total Liabilities $22,779,836
Net Assets $16,120,900
Club or Co-Op Income
Income From Members $15,638,377
Income From Other Sources $304,190

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,108,212
Expenses
$14,455,150
Net Income
$1,653,062
Net Assets
$15,068,605
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $16,020,449
99.5%
Investment Income $87,763
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $230,838
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $779,176
5.4%
Assets/Debt
Total Assets $38,721,017
Total Liabilities $23,652,412
Net Assets $15,068,605
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,375,125
Expenses
$14,167,823
Net Income
$1,207,302
Net Assets
$13,756,232
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,358,691
99.9%
Investment Income $16,434
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $217,853
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $807,173
5.7%
Assets/Debt
Total Assets $37,439,568
Total Liabilities $23,683,336
Net Assets $13,756,232
Club or Co-Op Income
Income From Members $14,640,009
Income From Other Sources $168,178

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,263,574
Expenses
$14,367,018
Net Income
$896,556
Net Assets
$12,651,239
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,239,348
99.8%
Investment Income $24,226
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $229,407
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $890,460
6.2%
Assets/Debt
Total Assets $37,121,905
Total Liabilities $24,470,666
Net Assets $12,651,239
Club or Co-Op Income
Income From Members $14,471,694
Income From Other Sources $250,982

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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