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Barc Electric Cooperative

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.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$38.3M (2022)

Expenses
$37.2M (2022)

Total Assets
$171M (2022)

Total Liabilities
$135M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,312,606
Expenses
$37,239,068
Net Income
$1,073,538
Net Assets
$36,713,433
Notable Sources of Revenue Percent of Total Revenue
Contributions $322,005
0.8%
Program Services $27,473,341
71.7%
Investment Income $843,974
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $561,163
1.5%
Net Fundraising $0
Sales of Assets $155,538
0.4%
Net Inventory Sales $0
Other Revenue $8,956,585
23.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $808,453
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $4,612,363
12.4%
Assets/Debt
Total Assets $171,302,086
Total Liabilities $134,588,653
Net Assets $36,713,433
Club or Co-Op Income
Income From Members $27,480,565
Income From Other Sources $4,393,009
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
William Buchanan (Ceo) $216,923 $0 $79,654
Chris Botulinski (Coo) $180,316 $0 $49,564
Courtney Perdue (Cfo) $142,777 $0 $27,919
Shay Mcmullen (Line Crew Fo) $127,517 $0 $25,634
Kevin Bryant (Line Crew Fo) $122,288 $0 $27,410
Stephen Clark (Line Crew Fo) $119,637 $0 $22,293
Terry Miller (Area Service) $116,167 $0 $26,734
Dakoyta Minter (Journeyman L) $112,598 $0 $17,756
Jason P Black (Director) $15,900 $0 $0
Edsel B Ford (Director) $15,900 $0 $0
Jay Lewis Ii (Director) $15,900 $0 $0
Gary R Johnson (Assistant Se) $15,900 $0 $0
John M Quantz (Secretary/Tr) $15,900 $0 $0
C Michael Sandridge (Vice Preside) $15,900 $0 $0
Keith L Swisher (President) $15,900 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$35,646,972
Expenses
$30,954,169
Net Income
$4,692,803
Net Assets
$34,780,667
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,329,123
9.3%
Program Services $24,532,629
68.8%
Investment Income $397,206
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $526,534
1.5%
Net Fundraising $0
Sales of Assets $110,043
0.3%
Net Inventory Sales $0
Other Revenue $6,751,437
18.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,118,649
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $4,522,011
14.6%
Assets/Debt
Total Assets $141,938,050
Total Liabilities $107,157,383
Net Assets $34,780,667
Club or Co-Op Income
Income From Members $23,541,653
Income From Other Sources $3,323,877
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Keyser (Ceo & Gen Mg) $469,259 $0 $91,184
Chris Botulinski (Coo) $145,826 $0 $30,741
Gregory Cook (Retired Cfo) $121,981 $0 $10,941
Courtney Perdue (Cfo) $117,212 $0 $20,205
Shay Mcmullen (Line Crew Fo) $114,956 $0 $23,162
Stephen Clark (Line Crew Fo) $107,441 $0 $19,403
Dakoyta Minter (Journeyman L) $107,015 $0 $14,863
Kevin Bryant (Line Crew Fo) $104,362 $0 $23,948
Rick Armstrong (Supvr Field) $104,341 $0 $36,073
Jason P Black (Director) $15,900 $0 $0
Edsel B Ford (Director) $15,900 $0 $0
Jay Lewis Ii (Director) $15,900 $0 $0
Gary R Johnson (Assistant Se) $15,900 $0 $0
John M Quantz (Secretary/Tr) $15,900 $0 $0
C Michael Sandridge (Vice Preside) $15,900 $0 $0
Keith L Swisher (President) $15,900 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,594,882
Expenses
$28,061,175
Net Income
$1,533,707
Net Assets
$31,736,398
Notable Sources of Revenue Percent of Total Revenue
Contributions $409,500
1.4%
Program Services $23,866,125
80.6%
Investment Income $255,572
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $531,582
1.8%
Net Fundraising $0
Sales of Assets $13,321
0.0%
Net Inventory Sales $0
Other Revenue $4,518,782
15.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $923,848
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,756,248
16.9%
Assets/Debt
Total Assets $118,814,902
Total Liabilities $87,078,504
Net Assets $31,736,398
Club or Co-Op Income
Income From Members $22,305,197
Income From Other Sources $2,978,523
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Keyser (Ceo & Gen Mg) $378,538 $0 $72,128
Gregory Cook (Cfo) $134,068 $0 $40,617
Jamie Lowry (Coo) $129,180 $0 $56,692
Stephen Clark (Line Crew Fo) $117,562 $0 $20,097
Shay Mcmullen (Line Crew Fo) $110,193 $0 $19,627
Rick Armstrong (Supvr Field) $106,947 $0 $9,366
Kevin Bryant (Line Crew Fo) $102,542 $0 $22,852
Donald Altizer (Construction) $100,529 $0 $35,082
Keith L Swisher (President) $17,225 $0 $0
Jason P Black (Director) $15,900 $0 $0
Edsel B Ford (Director) $15,900 $0 $0
Jay Lewis Ii (Director) $15,900 $0 $0
Gary R Johnson (Assistant Se) $15,900 $0 $0
John M Quantz (Secretary/Tr) $15,900 $0 $0
C Michael Sandridge (Vice Preside) $15,900 $0 $0
Courtney Perdue (Cfo) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,837,593
Expenses
$28,394,896
Net Income
$442,697
Net Assets
$31,017,660
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,668,672
89.0%
Investment Income $312,690
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $488,021
1.7%
Net Fundraising $0
Sales of Assets -$15,017
Net Inventory Sales $0
Other Revenue $2,383,227
8.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $816,239
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $4,389,739
15.5%
Assets/Debt
Total Assets $96,915,680
Total Liabilities $65,898,020
Net Assets $31,017,660
Club or Co-Op Income
Income From Members $24,864,014
Income From Other Sources $1,771,898
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Keyser (Ceo & Gen Mg) $300,536 $0 $49,345
Gregory Cook (Cfo) $142,689 $0 $38,578
Jamie Lowry (Coo) $128,098 $0 $43,030
Gary Sickler (Network Ops) $123,202 $0 $18,352
Stephen Clark (Line Crew Fo) $114,338 $0 $12,860
Kevin Bryant (Line Crew Fo) $105,547 $0 $18,667
Jonathan Hines (Line Crew Fo) $104,161 $0 $22,497
Shay Mcmullen (Line Crew Fo) $103,260 $0 $15,181
C Michael Sandridge (Vice Preside) $17,305 $0 $0
John M Quantz (Secretary/Tr) $16,857 $0 $0
Edsel B Ford (Director) $16,525 $0 $0
Jay Lewis Ii (Director) $16,489 $0 $0
Jason P Black (Director) $16,203 $0 $0
Gary R Johnson (Assistant Se) $16,109 $0 $0
Keith L Swisher (President) $14,475 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,815,836
Expenses
$25,904,962
Net Income
-$89,126
Net Assets
$30,756,760
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,582,110
95.2%
Investment Income $218,617
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $473,467
1.8%
Net Fundraising $0
Sales of Assets -$3,470
Net Inventory Sales $0
Other Revenue $545,112
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $766,391
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $4,029,399
15.6%
Assets/Debt
Total Assets $79,403,132
Total Liabilities $48,646,372
Net Assets $30,756,760
Club or Co-Op Income
Income From Members $23,827,273
Income From Other Sources $1,136,066
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Keyser (Ceo & Gen Mg) $291,447 $0 $48,504
Jamie Lowry (Coo) $128,944 $0 $36,386
Stephen Clark (Line Crew Fo) $125,773 $0 $13,849
Gregory Cook (Cfo) $113,051 $0 $36,759
Jonathan Hines (Line Crew Fo) $101,156 $0 $23,318
Keith L Swisher (President) $15,900 $0 $0
C Michael Sandridge (Vice Preside) $15,900 $0 $0
John M Quantz (Secretary/Tr) $15,900 $0 $0
Gary R Johnson (Assistant Se) $15,900 $0 $0
Edsel B Ford (Director) $15,900 $0 $0
Jason P Black (Director) $15,900 $0 $0
Jay Lewis Ii (Director) $15,900 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,481,686
Expenses
$22,987,995
Net Income
$493,691
Net Assets
$30,681,169
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $22,242,720
94.7%
Investment Income $65,731
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $466,864
2.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $706,371
3.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $720,587
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $3,062,536
13.3%
Assets/Debt
Total Assets $69,154,844
Total Liabilities $38,473,675
Net Assets $30,681,169
Club or Co-Op Income
Income From Members $21,242,722
Income From Other Sources $1,065,729
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Keyser (Ceo & Gen Mg) $271,202 $0 $39,165
David Clinton (Cfo) $115,836 $0 $39,266
Jamie Lowry (Mgr Const. S) $112,267 $0 $31,551
John Mayberry (Lead Service) $108,480 $0 $47,843
Stephen Clark (Line Crew Fo) $108,127 $0 $13,078
Rickey Armstrong (Field Eng Su) $101,567 $0 $59,069
Jay Lewis Ii (Director) $15,900 $0 $0
Keith L Swisher (President) $15,900 $0 $0
C Michael Sandridge (Vice Preside) $15,900 $0 $0
Gary R Johnson (Asst Sec/Tre) $15,900 $0 $0
Jason P Black (Director) $15,900 $0 $0
Edsel B Ford (Director) $15,900 $0 $0
John M Quantz (Secy/Treas) $15,900 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,318,399
Expenses
$23,938,915
Net Income
$379,484
Net Assets
$29,377,855
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $23,024,397
94.7%
Investment Income $89,987
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $456,585
1.9%
Net Fundraising $0
Sales of Assets $145,627
0.6%
Net Inventory Sales $0
Other Revenue $601,803
2.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $665,157
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $2,643,376
11.0%
Assets/Debt
Total Assets $61,663,144
Total Liabilities $32,285,289
Net Assets $29,377,855
Club or Co-Op Income
Income From Members $22,476,505
Income From Other Sources $795,907
Compensation
Key Employees and Officers Compensation Related Other
Mike Keyser (Ceo & Gen Mgr) $239,551 $0 $24,289
Dave Clinton (Cfo) $126,120 $0 $31,887
Jamie Lowry (Mgr Const. Srv.) $108,507 $0 $23,503
Stephen Clark (Line Crew Foreman) $107,412 $0 $13,302
Jay Lewis Ii (Director) $15,900 $0 $0
Keith L Swisher (President) $15,900 $0 $0
C Michael Sandridge (Vice President) $15,900 $0 $0
Gary R Johnson (Asst Sec/Treas) $15,900 $0 $0
Jason P Black (Director) $15,900 $0 $0
Edsel B Ford (Director) $15,900 $0 $0
John M Quantz (Secy/Treas) $15,900 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,234,746
Expenses
$23,820,061
Net Income
$414,685
Net Assets
$28,578,202
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $23,688,929
97.7%
Investment Income $57,008
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $455,503
1.9%
Net Fundraising $0
Sales of Assets $3,118
0.0%
Net Inventory Sales $0
Other Revenue $30,188
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $595,605
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,485,621
10.4%
Assets/Debt
Total Assets $59,375,175
Total Liabilities $30,796,973
Net Assets $28,578,202
Club or Co-Op Income
Income From Members $23,201,484
Income From Other Sources $565,263
Compensation
Key Employees and Officers Compensation Related Other
Mike Keyser (Ceo & Gen Mgr) $230,623 $0 $22,543
Dave Clinton (Mgr Fin & Ms) $108,584 $0 $7,599
Stephen Clark (Line Crew Foreman) $100,871 $0 $11,503
Jamie Lowry (Mgr Const. Srv.) $93,082 $0 $21,874
Jay Lewis Ii (Director) $15,900 $0 $0
Keith L Swisher (President) $15,900 $0 $0
C Michael Sandridge (Vice President) $15,900 $0 $0
Gary R Johnson (Asst Sec/Treas) $15,900 $0 $0
Jason P Black (Director) $15,900 $0 $0
Edsel B Ford (Director) $15,900 $0 $0
John M Quantz (Secy/Treas) $15,900 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,038,378
Expenses
$22,488,649
Net Income
$549,729
Net Assets
$28,079,407
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $22,991,045
99.8%
Investment Income $47,846
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$513
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $878,575
3.9%
Assets/Debt
Total Assets $58,385,547
Total Liabilities $30,306,140
Net Assets $28,079,407
Club or Co-Op Income
Income From Members $22,334,103
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Mike Keyser (Ceo) $217,164 $0 $53,848
Jay Lewis Ii (Director) $15,850 $0 $0
John M Quantz (Secretary/Treasurer) $14,850 $0 $0
Jason P Black (Director) $13,950 $0 $0
Gary R Johnson (Asst Secretary/Treasurer) $13,825 $0 $0
Edsel B Ford (Director) $13,050 $0 $0
C Michael Sandridge (Vice President) $12,925 $0 $0
Keith L Swisher (President) $10,706 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,726,602
Expenses
$21,675,328
Net Income
$51,274
Net Assets
$27,416,956
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,628,577
99.5%
Investment Income $92,804
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,221
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $871,508
4.0%
Assets/Debt
Total Assets $55,914,929
Total Liabilities $28,497,973
Net Assets $27,416,956
Club or Co-Op Income
Income From Members $21,688,085
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,911,328
Expenses
$22,648,111
Net Income
-$736,783
Net Assets
$25,799,932
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,835,320
99.7%
Investment Income $67,019
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,989
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $690,885
3.1%
Assets/Debt
Total Assets $51,947,137
Total Liabilities $26,147,205
Net Assets $25,799,932
Club or Co-Op Income
Income From Members $21,204,080
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,942,162
Expenses
$22,095,284
Net Income
-$153,122
Net Assets
$26,499,960
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,409,458
97.6%
Investment Income $45,178
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $466,955
2.1%
Net Fundraising $0
Sales of Assets $20,571
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $301,518
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,545,655
11.5%
Assets/Debt
Total Assets $51,730,366
Total Liabilities $25,230,406
Net Assets $26,499,960
Club or Co-Op Income
Income From Members $21,357,330
Income From Other Sources $120,002

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.

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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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