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Chickasaw Electric Cooperative Inc

  • Somerville, TN
  • Tax-exempt since March 1943
  • EIN: 62-0157827

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
$12.2M (2023)

Expenses
$10.7M (2023)

Total Assets
$56.7M (2023)

Total Liabilities
$9.89M (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 June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,177,522
Expenses
$10,735,584
Net Income
$1,441,938
Net Assets
$46,802,981
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $641,144
5.3%
Investment Income $153,014
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $677,911
5.6%
Net Fundraising $0
Sales of Assets $218,480
1.8%
Net Inventory Sales $10,484,653
86.1%
Other Revenue $2,320
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $89,100
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $3,713,015
34.6%
Assets/Debt
Total Assets $56,692,656
Total Liabilities $9,889,675
Net Assets $46,802,981
Club or Co-Op Income
Income From Members $57,832,211
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Loyd Muncy (General Manager) $150,998 $0 $60,188
Glenn Fones (Assistant Manager) $137,476 $0 $58,040
Jerry Russell (Maintenance Supervisor) $122,448 $0 $15,891
Freddie Clifft Jr (Line Superintendent) $117,407 $0 $56,281
Jonathan Bowen (Crew Leader Lineman) $112,221 $0 $45,165
Christopher Whittemore (Line Foreman) $109,402 $0 $50,335
Royce Reeves (Board President) $10,200 $0 $0
Howard Dowdy (Board Secretary) $9,000 $0 $0
William Rhea (Board Member) $9,000 $0 $0
William Reeves (Board Member) $9,000 $0 $0
Mary Lou Thomas (Board Treasurer) $9,000 $0 $0
Phil Burrows (Board Member) $9,000 $0 $0
June Walker (Board Member) $9,000 $0 $0
Gordon Tomlin (Board Member) $8,550 $0 $0
John Hurdle (Board Member) $8,250 $0 $0
Vip Lewis (Board Vice President) $8,100 $0 $0
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Document Links

990
Filed on Sept. 27, 2023

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

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,540,498
Expenses
$9,328,754
Net Income
$2,211,744
Net Assets
$45,358,176
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $574,407
5.0%
Investment Income $40,182
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $600,857
5.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $10,324,042
89.5%
Other Revenue $1,010
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $93,000
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $3,183,372
34.1%
Assets/Debt
Total Assets $53,475,417
Total Liabilities $8,117,241
Net Assets $45,358,176
Club or Co-Op Income
Income From Members $52,171,388
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Loyd Muncy (General Manager) $144,865 $0 $0
Glenn Fones (Assistant General Manager) $130,496 $0 $0
Freddie Clifft (Line Supervisor) $112,746 $0 $0
Brett Bartholomew (Line Crew Leader) $107,839 $0 $0
Jerry Russell (Row Supervisor) $105,412 $0 $0
Jonathan Bowen (Line Crew Leader) $102,038 $0 $0
Royce Reeves (President) $10,650 $0 $0
Howard Dowdy (Secretary) $9,450 $0 $0
Vip Lewis (Vice President) $9,450 $0 $0
Gordon Tomlin (Director) $9,450 $0 $0
Jimmy Morrison (Director) $9,450 $0 $0
Mary Lou Thomas (Treasurer) $9,450 $0 $0
June Walker (Director) $9,450 $0 $0
Phil Burrows (Director) $9,450 $0 $0
William Rhea (Director) $9,000 $0 $0
William Reeves (Director) $7,200 $0 $0
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990
Filed on Oct. 14, 2022

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

View Filing
XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,220,269
Expenses
$8,693,124
Net Income
$2,527,145
Net Assets
$43,143,495
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $565,863
5.0%
Investment Income $122,761
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $873,920
7.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $9,654,807
86.0%
Other Revenue $2,918
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $93,450
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,972,943
34.2%
Assets/Debt
Total Assets $50,105,267
Total Liabilities $6,961,772
Net Assets $43,143,495
Club or Co-Op Income
Income From Members $47,874,493
Income From Other Sources $0
Compensation
Key Employees and Officers Compensation Related Other
Loyd Muncy (General Manager) $134,606 $0 $0
Glenn Fones (Assistant Manager) $124,936 $0 $0
Fred Clifft Jr (Line Supervisor) $109,907 $0 $0
Christopher Whittemore (Line Foreman) $104,842 $0 $0
Royce Reeves (President) $12,075 $0 $0
Jimmy Morrison (Director) $11,036 $0 $0
Phil Burrows (Director) $10,925 $0 $0
Mary Lou Thomas (Treasurer) $10,922 $0 $0
June Walker (Director) $10,858 $0 $0
William Rhea (Director) $10,827 $0 $0
Vip Lewis (Director) $10,480 $0 $0
Howard Dowdy (Secretary) $10,427 $0 $0
Gordon Tomlin (Director) $9,971 $0 $0
William Reeves (Director) $9,529 $0 $0
+ View more people

Document Links

990
Filed on June 14, 2022

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

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,875,772
Expenses
$8,510,858
Net Income
$1,364,914
Net Assets
$40,612,176
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $548,115
5.6%
Investment Income $224,492
2.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $764,839
7.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $8,336,190
84.4%
Other Revenue $2,135
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $105,150
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,174,296
37.3%
Assets/Debt
Total Assets $46,823,481
Total Liabilities $6,211,305
Net Assets $40,612,176
Club or Co-Op Income
Income From Members $47,579,307
Income From Other Sources $0

Document Links

990

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

PDF

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,219,213
Expenses
$7,516,166
Net Income
$1,703,047
Net Assets
$39,244,972
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $594,488
6.4%
Investment Income $243,824
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $278,498
3.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $8,101,008
87.9%
Other Revenue $1,392
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $72,496
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,742,543
36.5%
Assets/Debt
Total Assets $46,101,399
Total Liabilities $6,856,427
Net Assets $39,244,972
Club or Co-Op Income
Income From Members $47,999,179
Income From Other Sources $0

Document Links

990

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

PDF

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,339,506
Expenses
$7,641,885
Net Income
$697,621
Net Assets
$37,540,337
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $568,317
6.8%
Investment Income $129,989
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $422,990
5.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $7,216,834
86.5%
Other Revenue $1,374
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $54,372
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,497,243
32.7%
Assets/Debt
Total Assets $44,230,191
Total Liabilities $6,689,854
Net Assets $37,540,337
Club or Co-Op Income
Income From Members $46,459,916
Income From Other Sources $0

Document Links

990

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

PDF

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,430,251
Expenses
$7,215,533
Net Income
$1,214,718
Net Assets
$36,841,321
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $593,071
7.0%
Investment Income $79,541
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $394,289
4.7%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $7,360,710
87.3%
Other Revenue $2,637
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $39,267
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,367,180
32.8%
Assets/Debt
Total Assets $42,930,632
Total Liabilities $6,089,311
Net Assets $36,841,321
Club or Co-Op Income
Income From Members $45,841,644
Income From Other Sources $0

Document Links

990

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

PDF

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,516,132
Expenses
$7,362,500
Net Income
$153,632
Net Assets
$35,626,528
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $576,338
7.7%
Investment Income $64,135
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $325,278
4.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $6,547,965
87.1%
Other Revenue $2,414
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $40,855
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,328,923
31.6%
Assets/Debt
Total Assets $41,859,899
Total Liabilities $6,233,371
Net Assets $35,626,528
Club or Co-Op Income
Income From Members $43,803,619
Income From Other Sources $0

Document Links

990

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

PDF

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,365,447
Expenses
$6,878,755
Net Income
$486,692
Net Assets
$35,471,330
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $537,158
7.3%
Investment Income $116,516
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $381,129
5.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $6,329,943
85.9%
Other Revenue $699
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $41,481
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,256,209
32.8%
Assets/Debt
Total Assets $41,543,407
Total Liabilities $6,072,077
Net Assets $35,471,330
Club or Co-Op Income
Income From Members $44,797,117
Income From Other Sources $0

Document Links

990

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

PDF

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,336,386
Expenses
$6,777,519
Net Income
$558,867
Net Assets
$34,983,387
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $572,292
7.8%
Investment Income $186,986
2.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $333,945
4.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $6,243,017
85.1%
Other Revenue $132
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $39,590
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,982,937
29.3%
Assets/Debt
Total Assets $40,972,476
Total Liabilities $5,989,089
Net Assets $34,983,387
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

990

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

PDF

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,380,830
Expenses
$6,876,508
Net Income
$1,504,322
Net Assets
$34,423,925
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $552,425
6.6%
Investment Income $228,873
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $269,732
3.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $5,460,471
65.2%
Other Revenue $1,869,326
22.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $38,092
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,059,962
30.0%
Assets/Debt
Total Assets $42,337,792
Total Liabilities $7,913,867
Net Assets $34,423,925
Club or Co-Op Income
Income From Members $44,304,248
Income From Other Sources $0

Document Links

990

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

PDF

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,495,311
Expenses
$6,267,394
Net Income
$1,227,917
Net Assets
$32,690,887
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $533,308
7.1%
Investment Income $274,593
3.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $334,524
4.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $6,335,467
84.5%
Other Revenue $17,418
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $34,597
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,622,437
41.8%
Assets/Debt
Total Assets $42,375,494
Total Liabilities $9,684,607
Net Assets $32,690,887
Club or Co-Op Income
Income From Members $44,382,200
Income From Other Sources $0

Document Links

990

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

PDF

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,562,409
Expenses
$5,933,992
Net Income
$1,628,417
Net Assets
$33,450,640
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $614,840
8.1%
Investment Income $286,774
3.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $274,666
3.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $6,387,745
84.5%
Other Revenue -$1,617
Notable Expenses Percent of Total Expenses
Executive Compensation $51,585
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,695,169
45.4%
Assets/Debt
Total Assets $39,663,525
Total Liabilities $6,212,885
Net Assets $33,450,640
Club or Co-Op Income
Income From Members $4,526,595,584
Income From Other Sources $0

Document Links

990

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

PDF

Fiscal Year Ending June
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 June
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 June
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 June
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
PDF (2 of 2)

Fiscal Year Ending June
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

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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