Glades Electric Cooperative Inc

Moore Haven, FL
Tax-exempt since Aug. 1949
EIN: 59-0538145

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Type of Nonprofit

Designated as a 501(c)(12) 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.

Revenue

$56.6M (2022)

Expenses

$56.4M (2022)

Total Assets

$178M (2022)

Total Liabilities

$119M (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.
2023

Form 990 documents are not available for this tax period, but audit documents are available for download.

Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2022

Revenue

$56,574,732

Expenses

$56,375,982

Net Income

$198,750

Net Assets

$58,377,953

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$56,841,905	> 100%
Investment Income	$101,654	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$137,584	0.2%
Net Fundraising	$0
Sales of Assets	-$459,162
Net Inventory Sales	$0
Other Revenue	-$47,249

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,786,266	3.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$842,145	1.5%

Assets/Debt
Total Assets	$177,853,000
Total Liabilities	$119,475,047
Net Assets	$58,377,953

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery R Brewington (Ceo)	$419,246	$0	$203,728
Travis Turner (Chief Operat)	$192,801	$0	$59,234
Jesse Wallace (Chief Techno)	$166,710	$0	$39,223
Jennifer Manning (Chief Financ)	$153,625	$0	$86,582
Willie Ward (Lead Lineman)	$135,903	$0	$43,467
Horacio Pardo (Journeyman L)	$133,630	$0	$25,457
Courtney Brown (Chief Person)	$126,721	$0	$27,337
James Nipper (Lead Lineman)	$125,413	$0	$37,108
Greg Culbertson (Lead Lineman)	$122,779	$0	$42,717
Jennifer Koukos (Chief Comm O)	$122,516	$0	$41,295
Tony Cunningham (Lead Lineman)	$120,312	$0	$55,359
John Coxe (Trustee/Pres)	$20,225	$0	$0
Shannon Hall (Trustee Sec/)	$20,000	$0	$0
Barney Goodman (Trustee)	$19,700	$0	$0
Lee Henderson (Trustee)	$19,500	$0	$0
Michael Pressley (Trustee)	$15,000	$0	$0
Donnie Lundy (Trustee)	$13,700	$0	$0
Angela Hodges (Trustee)	$13,300	$0	$0
James Aul (Trustee/Vice)	$9,350	$0	$0
Brad Oxer (Trustee)	$7,537	$0	$0
Tyler Pugh (Trustee)	$5,000	$0	$0
Fred Tagtmeier (Trustee)	$3,936	$0	$0

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990

Filed on Oct. 26, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$48,091,889

Expenses

$47,397,934

Net Income

$693,955

Net Assets

$54,869,882

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$47,834,853	99.5%
Investment Income	$86,319	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$130,292	0.3%
Net Fundraising	$0
Sales of Assets	$67,502	0.1%
Net Inventory Sales	$0
Other Revenue	-$27,077

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,558,982	3.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$161,782,312
Total Liabilities	$106,912,430
Net Assets	$54,869,882

Club or Co-Op Income
Income From Members	$46,759,027
Income From Other Sources	$1,332,862

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery R Brewington (Chief Executive Officer)	$410,282	$0	$216,818
Travis Turner (Chief Operations Officer)	$161,693	$0	$64,456
Jesse Wallace (Chief Technology Officer)	$151,829	$0	$40,330
Jennifer Manning (Chief Financial Officer)	$145,138	$0	$88,873
James Morrissey (Power Supply Manager)	$129,209	$0	$64,555
Courtney Brown (Chief Personnel Officer)	$125,670	$0	$23,635
Horacio Pardo (Journeyman Lineman)	$118,941	$0	$28,078
John Coxe (Trustee/President)	$17,850	$0	$0
Lee Henderson (Trustee)	$17,000	$0	$0
Shannon Hall (Trustee Secretary/Director)	$16,300	$0	$0
Barney Goodman (Trustee)	$16,000	$0	$0
Donnie Lundy (Trustee)	$13,200	$0	$0
Michael Pressley (Trustee)	$13,158	$0	$0
James Aul (Trustee/Vice President)	$12,850	$0	$0
Angela Hodges (Trustee)	$12,300	$0	$0
Tyler Pugh (Trustee)	$11,600	$0	$0

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990

Filed on Oct. 6, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$46,888,081

Expenses

$47,232,540

Net Income

-$344,459

Net Assets

$52,226,510

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$46,696,701	99.6%
Investment Income	$66,840	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$126,670	0.3%
Net Fundraising	$0
Sales of Assets	$43,637	0.1%
Net Inventory Sales	$0
Other Revenue	-$45,767

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,030,159	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$149,633,002
Total Liabilities	$97,406,492
Net Assets	$52,226,510

Club or Co-Op Income
Income From Members	$45,690,071
Income From Other Sources	$1,071,340

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery R Brewington (Chief Executive Officer)	$331,992	$0	$182,083
Travis Turner (Chief Operations Officer)	$165,549	$0	$51,122
Jennifer Manning (Chief Financial Officer)	$140,235	$0	$69,045
James Edwin Green (Lead Lineman)	$137,458	$0	$39,845
Robert Kyle Altman (Lead Lineman)	$132,842	$0	$39,708
David Rice (Journeyman Lineman)	$129,211	$0	$32,689
James Nipper (Lead Lineman)	$124,717	$0	$30,987
John Coxe (Trustee/President)	$14,350	$0	$0
Shannon Hall (Trustee Secretary/Director)	$12,850	$0	$0
Lee Henderson (Trustee)	$11,700	$0	$0
Barney Goodman (Trustee)	$11,200	$0	$0
Donnie Lundy (Trustee)	$10,600	$0	$0
Angela Hodges (Trustee)	$9,850	$0	$0
Tyler Pugh (Trustee)	$9,250	$0	$0
James Aul (Trustee/Vice President)	$9,000	$0	$0
Michael Pressley (Trustee)	$1,333	$0	$0

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990

Filed on Nov. 1, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$47,364,417

Expenses

$47,383,258

Net Income

-$18,841

Net Assets

$49,712,620

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$46,996,091	99.2%
Investment Income	$190,272	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$124,159	0.3%
Net Fundraising	$0
Sales of Assets	$29,636	0.1%
Net Inventory Sales	$0
Other Revenue	$24,259	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$784,777	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$145,849,080
Total Liabilities	$96,136,460
Net Assets	$49,712,620

Club or Co-Op Income
Income From Members	$46,086,951
Income From Other Sources	$1,158,526

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery R Brewington (Chief Executive Officer)	$322,902	$0	$150,246
Travis Turner (Chief Operations Officer)	$150,777	$0	$39,614
Jennifer Manning (Chief Financial Officer)	$135,057	$0	$67,155
James Green (Lead Lineman)	$129,104	$0	$33,688
Robert Kyle Altman (Lead Lineman)	$124,972	$0	$19,136
Jesse Wallace (Chief Technology Officer)	$124,861	$0	$36,465
Paul Mcgehee (Director Of Business Development)	$118,499	$0	$41,795
John Coxe (Trustee/President)	$17,250	$0	$0
Lee Henderson (Trustee)	$16,900	$0	$0
Shannon Hall (Trustee/Secretary)	$15,200	$0	$0
Barney Goodman (Trustee)	$14,450	$0	$0
Angela Hodges (Trustee)	$13,400	$0	$0
John Huysman (Trustee)	$11,650	$0	$0
Donnie Lundy (Trustee)	$9,450	$0	$0
James Aul (Trustee/Vice President)	$8,950	$0	$0
Tyler Pugh (Trustee)	$2,167	$0	$0

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990

Filed on Nov. 12, 2020

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Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2018

Revenue

$47,055,059

Expenses

$47,060,570

Net Income

-$5,511

Net Assets

$47,440,124

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$46,576,419	99.0%
Investment Income	$321,435	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$114,399	0.2%
Net Fundraising	$0
Sales of Assets	$44,900	0.1%
Net Inventory Sales	$0
Other Revenue	-$2,094

Notable Expenses		Percent of Total Expenses
Executive Compensation	$634,171	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$146,970,654
Total Liabilities	$99,530,530
Net Assets	$47,440,124

Club or Co-Op Income
Income From Members	$45,627,631
Income From Other Sources	$1,313,129

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery R Brewington (Ceo)	$300,408	$0	$61,183
Tracy Vaughn (Chief Of Operations)	$136,901	$0	$30,931
Robert Kyle Altman (Lead Lineman)	$126,382	$0	$18,727
Margaret Ellerbee (Chief Assistant)	$119,347	$0	$24,848
Travis Turner (Chief Of Engineering)	$116,551	$0	$29,360
James Nipper (Lead Lineman)	$113,709	$0	$19,527
Jennifer Manning (Chief Financial Officer)	$113,139	$0	$36,940
John Coxe (Trustee/President)	$18,500	$0	$0
Lee Henderson (Trustee)	$17,500	$0	$0
Barney Goodman (Trustee)	$17,000	$0	$0
Shannon Hall (Trustee/Secretary)	$16,500	$0	$0
John Huysman (Trustee)	$11,500	$0	$0
Angela Hodges (Trustee)	$11,500	$0	$0
James Aul (Trustee/Vice President)	$10,500	$0	$0
Donnie Lundy (Trustee)	$10,250	$0	$0
Ladd Bass (Trustee)	$9,250	$0	$0

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990

Filed on Sept. 3, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$45,871,568

Expenses

$45,879,856

Net Income

-$8,288

Net Assets

$43,985,377

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$45,279,581	98.7%
Investment Income	$462,746	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$112,419	0.2%
Net Fundraising	$0
Sales of Assets	$13,601	0.0%
Net Inventory Sales	$0
Other Revenue	$3,221	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$597,388	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$141,425,062
Total Liabilities	$97,439,685
Net Assets	$43,985,377

Club or Co-Op Income
Income From Members	$44,423,099
Income From Other Sources	$1,355,599

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery R Brewington (General Manager & Ceo)	$260,259	$0	$61,832
Kyle Altman (Lead Lineman)	$133,715	$0	$19,223
James Green (Lead Lineman)	$132,082	$0	$28,537
Tracy Vaughn (Director Of Operations)	$128,285	$0	$32,726
Paul T Mc Gehee (Director Of Business Devel)	$117,535	$0	$35,098
Brian Rhymes (Journeyman Lineman)	$115,533	$0	$26,495
Jennifer Manning (Chief Financial Officer)	$110,436	$0	$38,861
Barney Goodman (Trustee)	$20,250	$0	$0
Shannon Hall (Trustee/Secretary)	$19,000	$0	$0
Lee Henderson (Trustee)	$17,000	$0	$0
John Coxe (Trustee/President)	$16,500	$0	$0
John Huysman (Trustee)	$13,750	$0	$0
Angela Hodges (Trustee)	$11,750	$0	$0
James Aul (Trustee/Vice President)	$10,500	$0	$0
Donnie Lundy (Trustee)	$9,500	$0	$0
Ladd Bass (Trustee)	$7,750	$0	$0

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990

Filed on Aug. 27, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$46,227,092

Expenses

$46,215,912

Net Income

$11,180

Net Assets

$41,405,090

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$45,914,904	99.3%
Investment Income	$348,795	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$111,695	0.2%
Net Fundraising	$0
Sales of Assets	-$387,764
Net Inventory Sales	$0
Other Revenue	$239,462	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$690,037	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$127,699,810
Total Liabilities	$86,294,720
Net Assets	$41,405,090

Club or Co-Op Income
Income From Members	$45,038,287
Income From Other Sources	$1,507,685

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery R Brewington (General Manager & Ceo)	$360,589	$0	$60,956
Kyle Altman (Lead Lineman)	$119,075	$0	$12,340
Tracy Vaughn (Director Of Operations)	$114,637	$0	$35,332
Margaret Ellerbee (Director Of Member Service)	$113,553	$0	$27,808
Paul T Mc Gehee (Director Of Business Devel)	$112,516	$0	$32,745
Jennifer Manning (Chief Financial Officer)	$110,754	$0	$33,485
Jesse Wallace (Chief Technology Officer)	$103,415	$0	$25,114
John Coxe (Trustee/President)	$18,750	$0	$0
Barney Goodman (Trustee)	$18,750	$0	$0
Lee Henderson (Trustee)	$17,750	$0	$0
Shannon Hall (Trustee/Secretary)	$17,250	$0	$0
James Aul (Trustee/Vice President)	$13,000	$0	$0
Donnie Lundy (Trustee)	$11,250	$0	$0
Angela Hodges (Trustee)	$11,000	$0	$0
Ladd Bass (Trustee)	$8,500	$0	$0
John Huysman (Trustee)	$8,003	$0	$0

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990

Filed on Nov. 1, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$48,738,877

Expenses

$48,716,710

Net Income

$22,167

Net Assets

$38,520,204

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$48,704,598	99.9%
Investment Income	$40,807	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$110,777	0.2%
Net Fundraising	$0
Sales of Assets	-$100,947
Net Inventory Sales	$0
Other Revenue	-$16,358

Notable Expenses		Percent of Total Expenses
Executive Compensation	$565,184	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$124,998,770
Total Liabilities	$86,478,566
Net Assets	$38,520,204

Club or Co-Op Income
Income From Members	$47,660,834
Income From Other Sources	$1,087,441

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery R Brewington (General Manager & Ceo)	$243,485	$0	$57,367
James Morrissey (Power Supply Manager)	$123,312	$0	$29,501
Tracy Vaughn (Director Of Operations)	$120,069	$0	$32,448
Margaret Ellerbee (Director Of Member Services)	$113,553	$0	$24,204
Paul T Mc Gehee (Director Of Business Development)	$105,672	$0	$30,821
Jesse Wallace (Chief Technology Officer)	$103,931	$0	$21,328
Jennifer Manning (Chief Financial Officer)	$99,845	$0	$39,987
John Coxe (Trustee/President)	$18,500	$0	$0
Lee Henderson (Trustee)	$17,750	$0	$0
Barney Goodman (Trustee)	$17,750	$0	$0
Shannon Hall (Trustee)	$14,750	$0	$0
Russell Henderson (Trustee/Secretary/Treasurer)	$12,750	$0	$0
Angela Hodges (Trustee)	$12,250	$0	$0
James Aul (Trustee/Vice President)	$11,000	$0	$0
Donnie Lundy (Trustee)	$11,000	$0	$0
Ladd Bass (Trustee)	$8,750	$0	$0

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990

Filed on Aug. 15, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$45,618,168

Expenses

$45,618,168

Net Income

Net Assets

$32,927,287

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$45,442,181	99.6%
Investment Income	$39,092	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$109,087	0.2%
Net Fundraising	$0
Sales of Assets	-$153,845
Net Inventory Sales	$25	0.0%
Other Revenue	$181,628	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$518,614	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$121,757,503
Total Liabilities	$88,830,216
Net Assets	$32,927,287

Club or Co-Op Income
Income From Members	$44,500,299
Income From Other Sources	$1,178,727

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery R Brewington (General Manager & Ceo)	$211,229	$0	$57,079
Paul T Mc Gehee (Director Of Business Development)	$112,311	$0	$28,345
Tracy Vaughn (Director Of Operations)	$103,779	$0	$31,264
Margaret Ellerbee (Director Of Member Services)	$101,878	$0	$22,748
John Dean (Power Supply Manager Nth)	$101,137	$0	$27,777
James Morrissey (Power Supply Manager Sth)	$101,039	$0	$27,810
Jennifer Manning (Chief Financial Officer)	$96,482	$0	$35,990
John Coxe (Trustee/President)	$18,000	$0	$0
Lee Henderson (Trustee)	$17,750	$0	$0
Shannon Hall (Trustee)	$17,000	$0	$0
Barney Goodman (Trustee)	$15,500	$0	$0
Russell Henderson (Trustee/Secretary/Treasurer)	$12,750	$0	$0
James Aul (Trustee/Vice President)	$11,750	$0	$0
Donnie Lundy (Trustee)	$9,500	$0	$0
Ladd Bass (Trustee)	$9,500	$0	$0
Angela Hodges (Trustee)	$3,584	$0	$0
Irene Lofton (Trustee)	$2,500	$0	$0

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990

Filed on Sept. 9, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$43,271,849

Expenses

$40,094,379

Net Income

$3,177,470

Net Assets

$28,869,876

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$43,499,645	> 100%
Investment Income	$35,446	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$107,156	0.2%
Net Fundraising	$0
Sales of Assets	-$370,628
Net Inventory Sales	$230	0.0%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$524,950	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$116,380,776
Total Liabilities	$87,510,900
Net Assets	$28,869,876

Club or Co-Op Income
Income From Members	$42,942,481
Income From Other Sources	$612,212

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Jeffery R Brewington (General Manager & Ceo)	$210,032	$0	$53,152
Tracy Vaughn (Director Of Operations)	$108,773	$0	$32,062
Paul T Mc Gehee (Director Of Business Development)	$104,840	$0	$31,394
Jennifer Manning (Chief Financial Officer)	$95,041	$0	$36,475
John Coxe (Trustee/President)	$19,250	$0	$0
Shannon Hall (Trustee)	$19,000	$0	$0
Lee Henderson (Trustee)	$18,500	$0	$0
Barney Goodman (Trustee)	$16,250	$0	$0
James Aul (Trustee/Vice President)	$13,750	$0	$0
Russell Henderson (Trustee/Secretary/Treasuer)	$13,000	$0	$0
Donnie Lundy (Trustee)	$11,500	$0	$0
Irene Lofton (Trustee)	$10,000	$0	$0
Ladd Bass (Trustee)	$9,000	$0	$0

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990

Filed on Aug. 14, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$41,925,452

Expenses

$39,737,685

Net Income

$2,187,767

Net Assets

$25,506,301

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$41,704,053	99.5%
Investment Income	$42,051	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$109,155	0.3%
Net Fundraising	$0
Sales of Assets	$46,773	0.1%
Net Inventory Sales	$340	0.0%
Other Revenue	$23,080	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$420,807	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$113,163,808
Total Liabilities	$87,657,507
Net Assets	$25,506,301

Club or Co-Op Income
Income From Members	$41,272,838
Income From Other Sources	$549,820

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$39,247,321

Expenses

$45,760,349

Net Income

-$6,513,028

Net Assets

$22,515,197

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$42,160,559	> 100%
Investment Income	$102,382	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$125,492	0.3%
Net Fundraising	$0
Sales of Assets	$65,169	0.2%
Net Inventory Sales	$262	0.0%
Other Revenue	-$3,206,543

Notable Expenses		Percent of Total Expenses
Executive Compensation	$988,835	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$111,487,968
Total Liabilities	$88,972,771
Net Assets	$22,515,197

Club or Co-Op Income
Income From Members	$41,416,504
Income From Other Sources	$970,438

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 »

Get the Data

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.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
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.

API

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By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated November 21, 2024

Glades Electric Cooperative Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $56.6M (2022)

Expenses $56.4M (2022)

Total Assets $178M (2022)

Total Liabilities $119M (2022)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2023

No Extracted Financial Data

Document Links

Audits

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Revenue

$56.6M (2022)

Expenses

$56.4M (2022)

Total Assets

$178M (2022)

Total Liabilities

$119M (2022)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004