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Grayson Rural Electric Cooperative Corporation

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
$43.1M (2022)

Expenses
$43.1M (2022)

Total Assets
$94.7M (2022)

Total Liabilities
$56.4M (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
$43,062,397
Expenses
$43,062,397
Net Income
$0
Net Assets
$38,274,260
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $41,376,300
96.1%
Investment Income $78,195
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,607,902
3.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $414,912
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $3,026,224
7.0%
Assets/Debt
Total Assets $94,665,552
Total Liabilities $56,391,292
Net Assets $38,274,260
Club or Co-Op Income
Income From Members $42,392,318
Income From Other Sources $670,079
Compensation
Key Employees and Officers Compensation Related Other
Bradley Cherry (President/Ceo) $186,713 $0 $0
Brian Poling (Mgr Of Tech Services) $167,858 $0 $0
Kyle Clevenger (Mgr Of Operations) $163,867 $0 $0
Christopher Mosier (Maintenance Leadman) $160,777 $0 $0
Michael L Martin (Asst. Mgr. Of Operations) $159,638 $0 $0
Richard Easton (Former Leadman) $150,180 $0 $0
Jimmy Whitt (Director) $13,600 $0 $0
Kayla Webb (Secretary/Treasurer) $12,600 $0 $0
Harold Dupuy (Chairman) $11,800 $0 $0
Jim Bentley (Vice Chairman) $11,600 $0 $0
Danny Mabry (Director) $10,200 $0 $0

Document Links

Fiscal Year Ending May
2022

No Extracted Financial Data

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

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,250,791
Expenses
$34,250,791
Net Income
$0
Net Assets
$33,849,340
Notable Sources of Revenue Percent of Total Revenue
Contributions $641,100
1.9%
Program Services $32,659,961
95.4%
Investment Income $42,410
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,660
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $902,660
2.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $188,542
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,290,018
9.6%
Assets/Debt
Total Assets $91,917,122
Total Liabilities $58,067,782
Net Assets $33,849,340
Club or Co-Op Income
Income From Members $33,026,389
Income From Other Sources $583,302
Compensation
Key Employees and Officers Compensation Related Other
Bradley Cherry (President/Ceo) $122,192 $0 $51,167
Christopher Mosier (Maintenance Leadman) $121,813 $0 $43,908
Wm Shane Mcdavid (Maintenance Leadman) $116,377 $0 $43,908
Brian Poling (Mgr Of Tech Services) $114,491 $0 $53,832
James Withrow (Maintenance Leadman) $113,864 $0 $44,475
Kyle Clevenger (Mgr Of Operations) $113,729 $0 $53,334
Jimmy Whitt (Director) $12,800 $0 $0
Jim Bentley (Sec/Treas) $12,400 $0 $0
Harold Dupuy (Chairman) $12,200 $0 $0
Roger Trent (Vice Chairman) $11,400 $0 $0
Ken Arrington (Director) $11,200 $0 $0
Eddie Martin (Director) $6,350 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,132,893
Expenses
$31,132,893
Net Income
$0
Net Assets
$30,417,580
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,820,621
95.8%
Investment Income $46,125
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,138
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,265,009
4.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $173,360
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,138,296
10.1%
Assets/Debt
Total Assets $90,305,352
Total Liabilities $59,887,772
Net Assets $30,417,580
Club or Co-Op Income
Income From Members $30,590,225
Income From Other Sources $542,668
Compensation
Key Employees and Officers Compensation Related Other
Christopher Mosier (Maintenance Leadman) $113,364 $0 $40,893
Brian Poling (Mgr Of Tech Services) $110,788 $0 $49,967
Kyle Clevenger (Mgr Of Operations) $109,832 $0 $22,295
Michael Martin (Maintenance Leadman) $106,431 $0 $48,427
Joseph Hutchinson (Maintenance Leadman) $101,859 $0 $41,032
Bradley Cherry (President/Ceo) $95,160 $0 $44,772
Roger Trent (Vice Chairman) $14,000 $0 $0
Jimmy Whitt (Director) $13,200 $0 $0
Harold Dupuy (Chairman) $13,000 $0 $0
Jim Bentley (Sec/Treas) $12,800 $0 $0
Ken Arrington (Director) $12,800 $0 $0
Eddie Martin (Director) $12,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,551,549
Expenses
$32,551,549
Net Income
$0
Net Assets
$28,567,244
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $30,878,653
94.9%
Investment Income $29,959
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $554
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,642,383
5.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $231,740
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,305,464
10.2%
Assets/Debt
Total Assets $82,855,758
Total Liabilities $54,288,514
Net Assets $28,567,244
Club or Co-Op Income
Income From Members $32,031,890
Income From Other Sources $519,659
Compensation
Key Employees and Officers Compensation Related Other
Carol Hall Fraley (President/Ceo) $150,900 $0 $63,719
Harold Dupuy (Director) $15,322 $0 $0
Roger Trent (Director) $14,719 $0 $0
Jimmy Whitt (Director) $14,226 $0 $0
Ken Arrington (Director) $12,419 $0 $0
Eddie Martin (Sec/Treas) $12,326 $0 $0
Jim Bentley (Vice Chairman) $11,826 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,813,423
Expenses
$32,813,423
Net Income
$0
Net Assets
$26,533,761
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,102,852
94.8%
Investment Income $30,589
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,800
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,675,182
5.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $507,993
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,114,901
9.5%
Assets/Debt
Total Assets $79,306,260
Total Liabilities $52,772,499
Net Assets $26,533,761
Club or Co-Op Income
Income From Members $32,249,301
Income From Other Sources $564,122
Compensation
Key Employees and Officers Compensation Related Other
Carol Hall Fraley (President/Ceo) $147,609 $0 $58,731
Kyle Clevenger (Mgr Of Operations) $108,594 $0 $50,748
Bradley Cherry (Mgr Finance) $86,239 $0 $46,174
Kim Bush (Mgr Marketing) $73,083 $0 $43,482
Jimmy Whitt (Director) $19,965 $0 $0
Roger Trent (Director) $17,557 $0 $0
Harold Dupuy (Director) $16,660 $0 $0
Eddie Martin (Sec/Treas) $13,065 $0 $0
Jim Bentley (Vice Chairman) $12,765 $0 $0
Ken Arrington (Director) $12,457 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,182,796
Expenses
$29,726,355
Net Income
-$1,543,559
Net Assets
$25,609,184
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,035,645
95.9%
Investment Income $33,944
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,399
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,108,808
3.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $509,656
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,021,259
10.2%
Assets/Debt
Total Assets $77,299,111
Total Liabilities $51,689,927
Net Assets $25,609,184
Club or Co-Op Income
Income From Members $27,035,645
Income From Other Sources $642,225
Compensation
Key Employees and Officers Compensation Related Other
Carol Hall Fraley (President/Ceo) $145,610 $0 $69,778
Kyle Clevenger (Mgr Of Operations) $105,722 $0 $50,663
Bradley Cherry (Mgr Finance) $82,268 $0 $39,424
Kim Bush (Mgr Marketing) $71,130 $0 $34,086
Jimmy Whitt (Director) $18,765 $0 $0
Harold Dupuy (Chairman) $16,660 $0 $0
Roger Trent (Director) $16,357 $0 $0
Ken Arrington (Director) $14,857 $0 $0
Jim Bentley (Vice Chairman) $14,265 $0 $0
William T Rice (Director) $12,157 $0 $0
Eddie Martin (Sec/Treas) $11,865 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,008,547
Expenses
$32,008,547
Net Income
$0
Net Assets
$26,881,486
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $30,125,895
94.1%
Investment Income $29,393
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,800
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,848,459
5.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $490,011
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,968,183
9.3%
Assets/Debt
Total Assets $77,808,837
Total Liabilities $50,927,351
Net Assets $26,881,486
Club or Co-Op Income
Income From Members $30,125,895
Income From Other Sources $659,012
Compensation
Key Employees and Officers Compensation Related Other
Carol Hall Fraley (President/Ceo) $148,811 $0 $75,164
Kyle Clevenger (Mgr Of Operations) $101,353 $0 $51,193
Bradley Cherry (Mgr Finance) $80,738 $0 $40,781
Kim Bush (Mgr Marketing) $69,880 $0 $35,296
Harold Dupay (Chairman) $14,060 $0 $0
Roger Trent (Director) $13,857 $0 $0
Jimmy Whitt (Director) $13,665 $0 $0
William T Rice (Director) $12,657 $0 $0
Ken Arrington (Director) $12,260 $0 $0
Jim Bentley (Vice Chairman) $11,465 $0 $0
Eddie Martin (Sec/Treas) $11,265 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,637,857
Expenses
$32,637,857
Net Income
$0
Net Assets
$25,391,897
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $30,743,688
94.2%
Investment Income $30,867
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,800
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,858,502
5.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $474,794
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,952,285
9.0%
Assets/Debt
Total Assets $75,985,062
Total Liabilities $50,593,165
Net Assets $25,391,897
Club or Co-Op Income
Income From Members $30,743,688
Income From Other Sources $685,804
Compensation
Key Employees and Officers Compensation Related Other
Carol Hall Fraley (President/Ceo) $140,306 $0 $55,703
Kyle Clevenger (Mgr Of Operations) $97,708 $0 $45,650
Bradley Cherry (Mgr Finance) $74,542 $0 $40,183
Kim Bush (Mgr Marketing) $67,410 $0 $38,500
Roger Trent (Chairman) $15,457 $0 $0
Harold Dupay (Vice Chairman) $15,260 $0 $0
Jimmy Whitt (Director) $14,865 $0 $0
Jim Bentley (Director) $12,865 $0 $0
William T Rice (Director) $12,457 $0 $0
Ken Arrington (Director) $12,060 $0 $0
Eddie Martin (Sec/Treas) $11,865 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,459,509
Expenses
$34,459,509
Net Income
$0
Net Assets
$23,274,521
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $32,369,470
93.9%
Investment Income $30,488
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $5,100
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,054,451
6.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $487,856
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,783,077
8.1%
Assets/Debt
Total Assets $75,116,227
Total Liabilities $51,841,706
Net Assets $23,274,521
Club or Co-Op Income
Income From Members $32,369,470
Income From Other Sources $717,267
Compensation
Key Employees and Officers Compensation Related Other
Carol Hall Fraley (President/Ceo) $135,740 $0 $43,900
Don Combs (Mgr Finance) $100,534 $0 $29,751
Kyle Clevenger (Mgr Of Operations) $90,214 $0 $35,764
Kim Bush (Mgr Marketing) $65,008 $0 $31,260
Jimmy Whitt (Director) $16,266 $0 $0
Harold Dupay (Vice Chairman) $15,460 $0 $0
Roger Trent (Chairman) $15,458 $0 $0
William T Rice (Director) $14,258 $0 $0
Ken Arrington (Director) $12,660 $0 $0
Eddie Martin (Sec/Treas) $12,350 $0 $0
Jim Bentley (Director) $9,909 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,072,114
Expenses
$34,072,114
Net Income
$0
Net Assets
$21,537,118
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,677,678
93.0%
Investment Income $29,437
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $5,248
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,359,751
6.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $472,649
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,535,174
7.4%
Assets/Debt
Total Assets $72,893,358
Total Liabilities $51,356,240
Net Assets $21,537,118
Club or Co-Op Income
Income From Members $31,677,678
Income From Other Sources $748,315
Compensation
Key Employees and Officers Compensation Related Other
Carol Hall Fraley (President/Ceo) $130,014 $0 $46,090
Don Combs (Mgr Finance) $99,155 $0 $39,806
Kyle Clevenger (Mgr Of Operations) $88,184 $0 $37,571
Kim Bush (Mgr Marketing) $62,089 $0 $32,257
Harold Dupay (Director) $14,865 $0 $0
Roger Trent (Chairman) $14,860 $0 $0
Jimmy Whitt (Director) $14,065 $0 $0
Ken Arrington (Director) $13,060 $0 $0
William T Rice (Director) $13,060 $0 $0
Eddie Martin (Sec/Treas) $12,833 $0 $0
Donnie Crum (Vice Chairman) $10,465 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,125,419
Expenses
$31,125,419
Net Income
$0
Net Assets
$18,650,329
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,143,479
93.6%
Investment Income $29,693
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,000
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,946,247
6.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $464,751
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,542,468
8.2%
Assets/Debt
Total Assets $68,429,726
Total Liabilities $49,779,397
Net Assets $18,650,329
Club or Co-Op Income
Income From Members $29,143,479
Income From Other Sources $735,965

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,337,516
Expenses
$31,337,516
Net Income
$0
Net Assets
$18,367,048
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,473,305
94.1%
Investment Income $29,828
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $5,710
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,828,673
5.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $454,171
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,357,347
7.5%
Assets/Debt
Total Assets $66,307,439
Total Liabilities $47,940,391
Net Assets $18,367,048
Club or Co-Op Income
Income From Members $29,473,305
Income From Other Sources $471,627

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.
  • 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.
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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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