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Marshall Dekalb 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.

Summary charts: organization finances over time

Revenue
$19.7M (2023)

Expenses
$15.8M (2023)

Total Assets
$99.2M (2023)

Total Liabilities
$31.9M (2023)

Source: Form 990 tax filings from 2012 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
$19,675,444
Expenses
$15,812,049
Net Income
$3,863,395
Net Assets
$67,282,265
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,202,031
6.1%
Investment Income $117,391
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,013,564
5.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $17,342,458
88.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $340,287
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $99,231,302
Total Liabilities $31,949,037
Net Assets $67,282,265
Club or Co-Op Income
Income From Members $59,050,296
Income From Other Sources $2,215,595
Compensation
Key Employees and Officers Compensation Related Other
William S Bobo (Manager) $160,594 $0 $5,200
Eric Lester (Chief Engineer) $142,267 $0 $0
Chris Cornelius (Service Supervisor) $126,038 $0 $0
Chris Brooks (Construction Supervisor) $108,251 $0 $15,600
Jennifer Oliver (Cfo) $108,196 $0 $5,200
Lavaughn Holcomb (President) $16,825 $0 $0
Briggs Patterson (Trustee) $15,061 $0 $0
Bobby Weathers (Sec/Treas) $15,025 $0 $0
Terry Edmondson (Vice President) $14,710 $0 $0
Steve Henley (Trustee) $14,421 $0 $0
Jerry Scott (Trustee) $14,382 $0 $0
Terry Johnson (Trustee) $14,000 $0 $0
William G Hulgan (Trustee) $13,921 $0 $0
Stephen P Davis (Trustee) $13,725 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,545,582
Expenses
$15,393,263
Net Income
$3,152,319
Net Assets
$63,412,658
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $634,546
3.4%
Investment Income $76,965
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $906,121
4.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $16,927,950
91.3%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $251,548
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $96,065,726
Total Liabilities $32,653,068
Net Assets $63,412,658
Club or Co-Op Income
Income From Members $54,838,997
Income From Other Sources $1,540,667
Compensation
Key Employees and Officers Compensation Related Other
William S Bobo (Manager) $158,357 $0 $5,200
Eric Lester (Chief Engineer) $138,760 $0 $0
Chris Cornelius (Service Supervisor) $123,292 $0 $0
Terry Turk (Construction Supervisor) $119,457 $0 $1,300
Jennifer Oliver (Cfo) $101,168 $0 $5,200
Lavaughn Holcomb (President) $15,275 $0 $0
Bobby Weathers (Sec/Treas) $13,825 $0 $0
Terry Johnson (Trustee) $13,111 $0 $0
Steve Henley (Trustee) $13,044 $0 $0
William G Hulgan (Trustee) $13,044 $0 $0
Jerry Scott (Trustee) $13,010 $0 $0
Briggs Patterson (Trustee) $12,949 $0 $0
Stephen P Davis (Trustee) $12,875 $0 $0
Terry Edmondson (Vice President) $12,328 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,797,114
Expenses
$13,721,498
Net Income
$4,075,616
Net Assets
$59,668,200
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $659,163
3.7%
Investment Income $143,907
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $819,383
4.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $16,174,661
90.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $213,328
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $89,972,951
Total Liabilities $30,304,751
Net Assets $59,668,200
Club or Co-Op Income
Income From Members $50,801,766
Income From Other Sources $1,478,546
Compensation
Key Employees and Officers Compensation Related Other
William S Bobo (Manager) $155,265 $0 $0
Eric Lester (Chief Engineer) $130,189 $0 $0
Chris Cornelius (Service Supervisor) $119,209 $0 $0
Terry Turk (Construction Supervisor) $117,022 $0 $0
Jennifer Oliver (Cfo) $98,149 $0 $0
Lavaughn Holcomb (President) $14,525 $0 $0
Bobby Weathers (Sec/Treas) $13,325 $0 $0
Terry Johnson (Trustee) $12,369 $0 $0
Terry Edmondson (Vice President) $12,334 $0 $0
Steve Henley (Trustee) $12,299 $0 $0
William G Hulgan (Trustee) $12,299 $0 $0
Jerry Scott (Trustee) $12,264 $0 $0
Briggs Patterson (Trustee) $12,202 $0 $0
Stephen P Davis (Trustee) $12,125 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,204,483
Expenses
$14,497,903
Net Income
$1,706,580
Net Assets
$55,590,991
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $661,897
4.1%
Investment Income $129,310
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $701,975
4.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $14,711,301
90.8%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $296,502
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,254,494
15.6%
Assets/Debt
Total Assets $87,685,817
Total Liabilities $32,094,826
Net Assets $55,590,991
Club or Co-Op Income
Income From Members $50,302,415
Income From Other Sources $1,487,182
Compensation
Key Employees and Officers Compensation Related Other
William S Bobo (Manager) $150,470 $0 $0
Lavaughn Holcomb (President) $14,525 $0 $0
Bobby Weathers (Sec/Treas) $13,325 $0 $0
Terry Johnson (Trustee) $12,369 $0 $0
Terry Edmondson (Vice President) $12,334 $0 $0
Steve Henley (Trustee) $12,299 $0 $0
William G Hulgan (Trustee) $12,299 $0 $0
Jerry Scott (Trustee) $12,264 $0 $0
Briggs Patterson (Trustee) $12,202 $0 $0
Stephen P Davis (Trustee) $12,125 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,342,675
Expenses
$14,850,973
Net Income
$491,702
Net Assets
$53,882,748
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $775,730
5.1%
Investment Income $35,644
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $613,637
4.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $13,917,664
90.7%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $280,112
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,182,504
14.7%
Assets/Debt
Total Assets $79,818,973
Total Liabilities $25,936,225
Net Assets $53,882,748
Club or Co-Op Income
Income From Members $52,091,036
Income From Other Sources $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Lavaughn Holcomb (President) $14,570 $0 $0
Bobby Weathers (Sec/Treas) $13,370 $0 $0
Terry Johnson (Trustee) $12,399 $0 $0
Terry Edmondson (Vice President) $12,366 $0 $0
Steve Henley (Trustee) $12,334 $0 $0
William G Hulgan (Trustee) $12,334 $0 $0
Jerry Scott (Trustee) $12,301 $0 $0
Briggs Patterson (Trustee) $12,242 $0 $0
Stephen P Davis (Trustee) $12,170 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,682,463
Expenses
$13,310,727
Net Income
$1,371,736
Net Assets
$53,390,092
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $815,475
5.6%
Investment Income $44,673
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $585,106
4.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $13,237,209
90.2%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $267,810
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,182,504
16.4%
Assets/Debt
Total Assets $78,953,685
Total Liabilities $25,563,593
Net Assets $53,390,092
Club or Co-Op Income
Income From Members $49,632,139
Income From Other Sources $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James W Stewart (Manager) $211,859 $0 $0
Lavaughn Holcomb (President) $14,570 $0 $0
Bobby Weathers (Sec/Treas) $13,370 $0 $0
Terry Johnson (Trustee) $12,395 $0 $0
Terry Edmondson (Trustee) $12,363 $0 $0
William G Hulgan (Trustee) $12,330 $0 $0
Steve Henley (Trustee) $11,717 $0 $0
Jerry Scott (Trustee) $11,688 $0 $0
Stephen P Davis (Trustee) $11,570 $0 $0
Briggs Patterson (Vice President) $10,229 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,451,008
Expenses
$11,854,150
Net Income
$2,596,858
Net Assets
$52,018,279
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,565,379
10.8%
Investment Income $31,162
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $566,702
3.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $12,287,765
85.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $375,742
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,976,128
16.7%
Assets/Debt
Total Assets $75,990,967
Total Liabilities $23,972,688
Net Assets $52,018,279
Club or Co-Op Income
Income From Members $48,427,471
Income From Other Sources $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James W Stewart (Manager) $202,040 $0 $0
Lavaughn Holcomb (President) $15,370 $0 $0
Bobby Weathers (Sec/Treas) $14,070 $0 $0
Terry Johnson (Trustee) $13,016 $0 $0
Terry Edmondson (Trustee) $12,981 $0 $0
Steve Henley (Trus Tee) $12,946 $0 $0
William G Hulgan (Trustee) $12,946 $0 $0
Jerry Scott (Trustee) $12,910 $0 $0
Stephen P Davis (Trustee) $12,770 $0 $0
Mackey Davis (Vice President) $8,860 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,999,778
Expenses
$11,624,651
Net Income
$2,375,127
Net Assets
$49,420,791
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $714,021
5.1%
Investment Income $86,859
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $554,766
4.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $12,644,132
90.3%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $332,168
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,989,732
17.1%
Assets/Debt
Total Assets $72,038,124
Total Liabilities $22,617,333
Net Assets $49,420,791
Club or Co-Op Income
Income From Members $47,328,312
Income From Other Sources $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James W Stewart (Manager) $181,116 $0 $0
Lavaughn Holcomb (President) $14,570 $0 $0
Bobby Weathers (Sec/Treas) $13,370 $0 $0
Terry Johnson (Trustee) $12,412 $0 $0
Terry Edmondson (Trustee) $12,377 $0 $0
Steve Henley (Trustee) $12,343 $0 $0
William G Hulgan (Trustee) $12,343 $0 $0
Jerry Scott (Trustee) $12,308 $0 $0
Mackey Davis (Vice President) $12,227 $0 $0
Stephen P Davis (Trustee) $11,570 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,038,628
Expenses
$11,417,902
Net Income
$1,620,726
Net Assets
$47,044,812
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $719,604
5.5%
Investment Income $37,172
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $555,903
4.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $11,725,949
89.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $399,001
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,912,222
16.7%
Assets/Debt
Total Assets $69,022,033
Total Liabilities $21,977,221
Net Assets $47,044,812
Club or Co-Op Income
Income From Members $49,480,690
Income From Other Sources $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James W Stewart (Manager) $174,391 $0 $0
Lavaughn Holcomb (President) $14,570 $0 $0
Bobby Weathers (Sec/Treas) $13,370 $0 $0
Terry Johnson (Trustee) $12,405 $0 $0
Terry Edmondson (Trustee) $12,372 $0 $0
Steve Henley (Trustee) $12,338 $0 $0
William G Hulgan (Trustee) $12,338 $0 $0
Jerry Scott (Trustee) $12,304 $0 $0
Mackey Davis (Vice President) $9,464 $0 $0
Tom Gilbreath (Trustee) $5,400 $0 $0
Stephen P Davis (Trustee) $5,000 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,588,187
Expenses
$10,423,899
Net Income
$3,164,288
Net Assets
$45,423,113
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $727,733
5.4%
Investment Income $34,020
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $547,785
4.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $12,278,649
90.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $309,370
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,784,209
17.1%
Assets/Debt
Total Assets $66,652,048
Total Liabilities $21,228,935
Net Assets $45,423,113
Club or Co-Op Income
Income From Members $50,640,493
Income From Other Sources $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
James W Stewart (Manager) $177,977 $0 $0
Lavaughn Holcomb (President) $9,770 $0 $0
Bobby Weathers (Sec/Treas) $8,570 $0 $0
Terry Johnson (Trustee) $7,607 $0 $0
Terry Edmondson (Trustee) $7,573 $0 $0
William G Hulgan (Trustee) $7,539 $0 $0
Jerry Scott (Trustee) $7,506 $0 $0
Mackey Davis (Vice President) $7,465 $0 $0
Steve Henley (Trustee) $6,925 $0 $0
Tom Gilbreath (Trustee) $6,170 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,776,439
Expenses
$10,007,899
Net Income
$3,768,540
Net Assets
$42,258,881
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $705,643
5.1%
Investment Income $32,789
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $559,977
4.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $12,478,030
90.6%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $220,593
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,725,857
17.2%
Assets/Debt
Total Assets $63,831,575
Total Liabilities $21,572,694
Net Assets $42,258,881
Club or Co-Op Income
Income From Members $50,247,857
Income From Other Sources $0

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,599,346
Expenses
$10,092,114
Net Income
$3,507,232
Net Assets
$38,489,559
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $709,496
5.2%
Investment Income $65,556
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $519,571
3.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $12,304,723
90.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $219,830
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,757,777
17.4%
Assets/Debt
Total Assets $58,781,443
Total Liabilities $20,291,884
Net Assets $38,489,559
Club or Co-Op Income
Income From Members $50,208,930
Income From Other Sources $0

Document Links

Fiscal Year Ending June
2011

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 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

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

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

Fiscal Year Ending June
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 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

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

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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