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Owen Electric Cooperative Inc

  • Owenton, KY
  • Tax-exempt since March 1943
  • EIN: 61-0299615

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
$238M (2023)

Expenses
$238M (2023)

Total Assets
$317M (2023)

Total Liabilities
$148M (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
$237,766,185
Expenses
$237,766,185
Net Income
$0
Net Assets
$168,433,491
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $232,713,777
97.9%
Investment Income $868,752
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,183,656
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,609,762
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $5,083,425
2.1%
Assets/Debt
Total Assets $316,615,301
Total Liabilities $148,181,810
Net Assets $168,433,491
Club or Co-Op Income
Income From Members $232,713,777
Income From Other Sources $4,183,655
Compensation
Key Employees and Officers Compensation Related Other
Michael L Cobb (President And Ceo) $320,451 $0 $88,797
Teresa Hamilton (Vp Of Accounting) $199,765 $0 $66,930
Jennifer Taylor (Vp Of Engineering) $179,479 $0 $71,479
Brian Jones (Vp Of Operations) $167,220 $0 $27,524
Michael Stafford (Vp Of Member Services) $152,737 $0 $72,084
Jim Petreshock (Vp Of Information Systems) $152,386 $0 $71,685
Joe Schmiade (Service Technician) $145,805 $0 $18,084
Larry Richardson (Service Technician) $142,392 $0 $8,852
Steven Moore (Service Technician) $139,251 $0 $46,642
Albert Pickett (Service Technician) $137,199 $0 $35,536
Jerod Mulberry (Service Technician) $133,149 $0 $44,010
Richard Messingschlager (Vice Chairman Of The Board) $30,923 $0 $0
John Grant (Chairman Of The Board) $27,950 $0 $0
Charles Richarson (Director) $24,999 $0 $0
Eddie Mc Cord (Director) $22,211 $0 $0
Hope Kinman (Secretary/Treasurer) $21,659 $0 $0
Charles Alan Ahrman (Director) $20,773 $0 $0
Erin Rehkamp (Vp Of Corporate Services) $20,336 $0 $89
Robert True (Director) $19,365 $0 $0
+ View more people

Document Links

990
Filed on May 3, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$232,534,469
Expenses
$232,534,469
Net Income
$0
Net Assets
$164,533,197
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $226,825,219
97.5%
Investment Income $343,804
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,365,446
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,487,308
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $4,969,978
2.1%
Assets/Debt
Total Assets $308,543,726
Total Liabilities $144,010,529
Net Assets $164,533,197
Club or Co-Op Income
Income From Members $226,825,319
Income From Other Sources $5,365,446
Compensation
Key Employees and Officers Compensation Related Other
Michael L Cobb (President And Ceo) $277,433 $0 $88,943
Jennifer Taylor (Vp Of Engineering) $171,870 $0 $67,039
Teresa Hamilton (Vp Of Accounting) $155,119 $0 $72,290
Michael Stafford (Vp Of Member Services) $148,829 $0 $61,653
Brian Jones (Vp Of Operations) $146,789 $0 $70,087
Joseph Waichulis (Service Technician) $142,986 $0 $52,920
Jim Petreshock (Vp Of Information Systems) $140,401 $0 $67,745
Larry Richardson (Service Technician) $140,280 $0 $11,093
Joe Schmiade (Service Technician) $139,918 $0 $19,473
Albert Pickett (Service Technician) $130,837 $0 $36,570
Jerod Mulberry (Service Technician) $129,685 $0 $44,518
Richard Messingschlager (Vice Chairman Of The Board) $29,031 $0 $0
Charles Richarson (Director) $28,239 $0 $0
John Grant (Chairman Of The Board) $27,545 $0 $0
Eddie Mc Cord (Director) $22,031 $0 $0
Robert True (Director) $21,795 $0 $0
Hope Kinman (Secretary/Treasurer) $21,429 $0 $0
Charles Alan Ahrman (Director) $20,760 $0 $0
+ View more people

Document Links

990
Filed on May 4, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$184,758,521
Expenses
$184,758,521
Net Income
$0
Net Assets
$152,386,933
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $182,142,446
98.6%
Investment Income $77,806
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,538,269
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,074,994
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $5,099,952
2.8%
Assets/Debt
Total Assets $280,661,277
Total Liabilities $128,274,344
Net Assets $152,386,933
Club or Co-Op Income
Income From Members $182,142,446
Income From Other Sources $2,538,269
Compensation
Key Employees and Officers Compensation Related Other
Michael L Cobb (President And Ceo) $296,611 $0 $70,067
James R Williams (Sr. Vp Of Operations And Technology) $208,232 $0 $25,407
Michael Stafford (Vp Of Member Services) $150,409 $0 $33,095
Teresa Hamilton (Vp Of Accounting) $149,144 $0 $50,516
Brian Jones (Manager Of Construction) $149,136 $0 $60,421
Larry Richardson (Service Technician) $148,516 $0 $8,750
Jennifer Taylor (Engineering Manager) $146,892 $0 $58,447
Joseph Waichulis (Service Technician) $146,468 $0 $15,880
Albert Pickett (Service Technician) $145,418 $0 $45,104
John Grant (Chairman Of The Board) $25,919 $0 $0
Richard Messingschlager (Vice Chairman Of The Board) $25,788 $0 $0
Charles Richarson (Director) $24,624 $0 $0
Hope Kinman (Secretary/Treasurer) $24,100 $0 $0
Eddie Mc Cord (Director) $23,643 $0 $0
Robert True (Director) $22,064 $0 $0
Charles Alan Ahrman (Director) $20,347 $0 $0
+ View more people

Document Links

990
Filed on May 5, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$164,482,553
Expenses
$164,482,553
Net Income
$0
Net Assets
$145,140,936
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $159,253,221
96.8%
Investment Income $153,461
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,075,871
3.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,379,346
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $4,784,628
2.9%
Assets/Debt
Total Assets $267,754,840
Total Liabilities $122,613,904
Net Assets $145,140,936
Club or Co-Op Income
Income From Members $159,253,220
Income From Other Sources $5,075,871
Compensation
Key Employees and Officers Compensation Related Other
Michael L Cobb (President And Ceo) $254,514 $0 $68,796
James R Williams (Sr. Vp Of Operations And Technology) $204,065 $0 $25,308
Mark Stallons (President And Ceo) $175,921 $0 $22,748
Brian Jones (Manager Of Construction) $158,000 $0 $60,388
April Brown (Vp Of Human Resources) $152,784 $0 $48,936
Joseph Waichulis (Service Technician) $146,577 $0 $45,049
Larry Richardson (Service Technician) $145,066 $0 $8,706
Michael Stafford (Vp Of Member Services) $142,919 $0 $32,768
Joseph Schmiade (Service Technician) $140,530 $0 $15,363
Teresa Hamilton (Vp Of Accounting) $135,844 $0 $49,865
James Petreshock (Information Technology Manager) $134,666 $0 $57,972
John Grant (Chairman Of The Board) $23,084 $0 $0
Richard Messingschlager (Vice Chairman Of The Board) $22,638 $0 $0
Charles Richarson (Director) $22,194 $0 $0
Eddie Mc Cord (Director) $21,618 $0 $0
Hope Kinman (Secretary/Treasurer) $21,055 $0 $0
Charles Alan Ahrman (Director) $21,002 $0 $0
Robert True (Director) $20,969 $0 $0
+ View more people

Document Links

990
Filed on May 5, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$180,006,250
Expenses
$180,006,250
Net Income
$0
Net Assets
$141,060,138
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $172,431,114
95.8%
Investment Income $499,399
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,075,737
3.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,373,137
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,696,975
2.6%
Assets/Debt
Total Assets $268,855,907
Total Liabilities $127,795,769
Net Assets $141,060,138
Club or Co-Op Income
Income From Members $172,431,114
Income From Other Sources $7,575,136

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$183,050,750
Expenses
$183,050,750
Net Income
$0
Net Assets
$135,922,291
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $176,009,715
96.2%
Investment Income $631,332
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,409,703
3.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,758,271
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $5,189,292
2.8%
Assets/Debt
Total Assets $259,817,180
Total Liabilities $123,894,889
Net Assets $135,922,291
Club or Co-Op Income
Income From Members $176,009,715
Income From Other Sources $7,041,035

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$169,985,160
Expenses
$169,985,160
Net Income
$0
Net Assets
$124,564,381
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $165,534,865
97.4%
Investment Income $647,232
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,803,063
2.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,159,995
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $5,890,586
3.5%
Assets/Debt
Total Assets $249,029,550
Total Liabilities $124,465,169
Net Assets $124,564,381
Club or Co-Op Income
Income From Members $165,534,865
Income From Other Sources $4,450,295

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$174,885,910
Expenses
$174,885,910
Net Income
$0
Net Assets
$118,099,318
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $166,340,797
95.1%
Investment Income $582,534
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,962,579
4.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,173,022
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $5,309,791
3.0%
Assets/Debt
Total Assets $248,453,637
Total Liabilities $130,354,319
Net Assets $118,099,318
Club or Co-Op Income
Income From Members $166,340,797
Income From Other Sources $8,545,113

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$170,502,586
Expenses
$170,502,586
Net Income
$0
Net Assets
$107,234,033
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $162,416,814
95.3%
Investment Income $553,875
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,531,897
4.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $858,412
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $5,368,054
3.1%
Assets/Debt
Total Assets $237,335,852
Total Liabilities $130,101,819
Net Assets $107,234,033
Club or Co-Op Income
Income From Members $162,416,814
Income From Other Sources $1,397,515

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$192,713,213
Expenses
$192,713,213
Net Income
$0
Net Assets
$100,171,648
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $182,961,666
94.9%
Investment Income $603,813
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,147,734
4.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $869,599
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $5,506,702
2.9%
Assets/Debt
Total Assets $233,716,103
Total Liabilities $133,544,455
Net Assets $100,171,648
Club or Co-Op Income
Income From Members $182,961,666
Income From Other Sources $1,765,618

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$180,860,440
Expenses
$180,860,440
Net Income
$0
Net Assets
$87,511,115
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $170,516,549
94.3%
Investment Income $558,147
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,785,744
5.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $666,993
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $5,231,099
2.9%
Assets/Debt
Total Assets $222,687,949
Total Liabilities $135,176,834
Net Assets $87,511,115
Club or Co-Op Income
Income From Members $170,516,549
Income From Other Sources $989,764

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$174,532,090
Expenses
$174,532,090
Net Income
$0
Net Assets
$80,176,852
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $166,299,031
95.3%
Investment Income $537,950
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,695,109
4.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,012,392
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $5,540,105
3.2%
Assets/Debt
Total Assets $207,756,555
Total Liabilities $127,579,703
Net Assets $80,176,852
Club or Co-Op Income
Income From Members $166,299,031
Income From Other Sources $1,022,713

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$172,992,593
Expenses
$172,992,593
Net Income
$0
Net Assets
$72,212,963
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $164,340,425
95.0%
Investment Income $222,421
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,429,747
4.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $987,645
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $6,141,783
3.6%
Assets/Debt
Total Assets $197,168,370
Total Liabilities $124,955,407
Net Assets $72,212,963
Club or Co-Op Income
Income From Members $164,340,425
Income From Other Sources $721,042

Document Links

990

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

PDF

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

990

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

PDF

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

990

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

PDF

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

990

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

PDF

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

990

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

PDF

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

990

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

PDF

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

990

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

PDF

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

990

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

PDF

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 »

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.

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Byline

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.

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