Brazos Electric Power Cooperative Inc

Waco, TX
Tax-exempt since March 1969
EIN: 74-0524729

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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.

Revenue

$292M (2023)

Expenses

$276M (2023)

Total Assets

$1.68B (2023)

Total Liabilities

$1.49B (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

Revenue

$292,090,235

Expenses

$275,623,370

Net Income

$16,466,865

Net Assets

$189,427,341

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$283,477,538	97.1%
Investment Income	$4,107,870	1.4%
Bond Proceeds	$0
Royalties	$3,179,571	1.1%
Rental Property Income	$167,477	0.1%
Net Fundraising	$0
Sales of Assets	$223,452	0.1%
Net Inventory Sales	$0
Other Revenue	$934,327	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,627,251	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$22,443,575	8.1%

Assets/Debt
Total Assets	$1,676,992,262
Total Liabilities	$1,487,564,921
Net Assets	$189,427,341

Club or Co-Op Income
Income From Members	$270,179,862
Income From Other Sources	$21,699,182

Compensation

Key Employees and Officers	Compensation	Related	Other
Clifton Karnei (Executive Vp & Gm Through 3/31/2023)	$985,287	$0	$323,926
Johnny York (Interim Evp & Gm 4.1.23 8.31.23)	$511,656	$0	$293,352
Joshua Clevenger (Vice President Power Supply)	$510,846	$0	$103,298
Khaki Bordovsky (Vice President Services)	$470,473	$0	$101,475
Shari Heino (Chief Compliance Officer)	$261,038	$0	$42,351
Travis Thrall (Vice President Generation)	$246,604	$0	$49,122
Daniel Kueker (Manager Of Market Operations And Settlement)	$246,191	$0	$34,635
Kyle Minnix (Manager Communication)	$236,875	$0	$110,952
Michael Evans (Manager Of Power Supply)	$224,678	$0	$34,968
Brent Fox (Manager Fiscal Services)	$223,073	$0	$61,995
Rodney Little (Manager Network Services)	$221,737	$0	$49,943
Mark Fagan (Executive Vp & Gm Since 9/1/2023)	$195,970	$0	$15,561
Rick Ickert (Secretary/Treasurer)	$48,756	$0	$0
Dennis Mcwhorter (President)	$47,800	$0	$0
William Allen (Director)	$47,511	$0	$0
Audie Morris (Vice President)	$46,766	$0	$0
Steve Jones (Director)	$43,693	$0	$0
Frankie Martin (Director)	$40,354	$0	$0
Kenneth Alexander (Director)	$40,112	$0	$0
Billy Jones (Director)	$39,738	$0	$0
William Ragsdale (Director)	$39,579	$0	$0
Monty Carlisle (Director)	$39,522	$0	$0
Henry Bradford (Director)	$38,899	$0	$0
Glenn Jones (Director)	$26,102	$0	$0
Scott Martin (Director)	$15,495	$0	$0
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990

Filed on Nov. 14, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$1,870,614,504

Expenses

$2,636,440,308

Net Income

-$765,825,804

Net Assets

$162,998,944

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,959,369,342	> 100%
Investment Income	$2,602,552	0.1%
Bond Proceeds	$0
Royalties	$453,642	0.0%
Rental Property Income	$183,250	0.0%
Net Fundraising	$0
Sales of Assets	-$2,600,134
Net Inventory Sales	$0
Other Revenue	-$89,394,148

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,895,748	0.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$26,965,890	1.0%

Assets/Debt
Total Assets	$2,840,038,435
Total Liabilities	$2,677,039,491
Net Assets	$162,998,944

Club or Co-Op Income
Income From Members	$1,756,615,423
Income From Other Sources	$203,393,229

Compensation

Key Employees and Officers	Compensation	Related	Other
Clifton Kernei (Executive Vp & Gm)	$1,111,005	$0	-$263,496
Khaki Bordovsky (Vice President Services)	$461,090	$0	-$155,655
Johnny York (Vice President Transmission)	$437,893	$0	-$450,043
Joshua Clevenger (Vice President Power Supply)	$415,435	$0	-$165,741
Travis Thrall (Vice President Generation)	$306,433	$0	$55,446
Shari Heino (Chief Compliance Officer)	$261,703	$0	$50,942
Rodney Little (Manager Network Services)	$219,730	$0	$15,797
Kyle Minnix (Manager Communication)	$218,434	$0	-$68,634
Brent Fox (Manager Fiscal Services)	$211,047	$0	$938
Michael Tavaglione (Plant Operator)	$208,611	$0	$51,559
Robert Walker (Plant Manager)	$204,692	$0	$44,328
Rick Ickert (Secretary/Treasurer)	$53,892	$0	$0
Audie Morris (Vice President)	$50,598	$0	$0
William J Allen (Director)	$50,569	$0	$0
Dennis Mcwhorter (President)	$50,075	$0	$0
Steve Jones (Director)	$49,292	$0	$0
Frankie Elaine Martin (Director)	$45,974	$0	$0
Kenneth Doyle Alexander (Director)	$45,257	$0	$0
Billy Jones (Director)	$44,932	$0	$0
Monte Carlisle (Director)	$44,621	$0	$0
Bill Ragsdale (Director)	$44,451	$0	$0
Henry Bradford (Director)	$43,804	$0	$0
Glenn Jones (Director)	$43,072	$0	$0
Larry Bays (Director)	$41,255	$0	$0
Neil Hesse (Director)	$0	$0	$0
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990

Filed on Nov. 13, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$3,817,080,554

Expenses

$3,820,988,870

Net Income

-$3,908,316

Net Assets

$929,506,785

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$3,809,385,031	99.8%
Investment Income	$7,366,196	0.2%
Bond Proceeds	$0
Royalties	$22,384	0.0%
Rental Property Income	$188,576	0.0%
Net Fundraising	$0
Sales of Assets	$118,367	0.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,002,463	0.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$25,939,869	0.7%

Assets/Debt
Total Assets	$5,681,362,952
Total Liabilities	$4,751,856,167
Net Assets	$929,506,785

Club or Co-Op Income
Income From Members	$3,706,190,064
Income From Other Sources	$110,890,490

Reported a significant diversion of assets

Compensation

Key Employees and Officers	Compensation	Related	Other
Clifton Karnei (Executive Vp & General Manager)	$2,077,213	$0	$95,284
Khaki Bordovsky (Vp Services)	$1,194,916	$0	$40,673
Johnny York (Vp Transmission)	$952,415	$0	$155,387
Josh Clevenger (Vp Power Supply)	$381,756	$0	$86,431
Kyle Minnix (Manager Communication)	$321,109	$0	$70,572
Travis Thrall (Vp Generation)	$292,661	$0	$54,912
Shari Heino (Chief Compliance Officer)	$246,375	$0	$49,838
Rodney Little (Manager Network Services)	$220,369	$0	$58,865
Brent Fox (Manager Fiscal Services)	$210,062	$0	$56,241
Michael Tavaglione Ii (Plant Manager)	$202,272	$0	$50,769
Carl Curry (Plant Manager)	$201,811	$0	$55,332
Dennis Mcwhorter (President)	$39,250	$1,500	$0
Audie Morris (Secretary Treasurer)	$39,250	$1,500	$0
Monte Carlisle (Director)	$39,250	$0	$0
Kenneth Alexander (Director)	$38,750	$0	$0
Larry Bays (Vice President)	$37,750	$1,500	$0
Glenn Jones (Director)	$37,750	$1,500	$0
Bill Ragsdale (Director)	$37,750	$0	$0
Henry Bradford (Director)	$34,250	$1,500	$0
Rick Ickert (Director)	$33,750	$1,500	$0
William Allen (Director)	$33,750	$0	$0
Steve Jones (Director)	$33,750	$0	$0
Billy Jones (Director)	$33,750	$0	$0
Elaine Martin (Director)	$22,750	$0	$0
Jim Pennington (Director)	$13,500	$0	$0
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990

Filed on Nov. 14, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$1,063,273,259

Expenses

$1,063,177,881

Net Income

$95,378

Net Assets

$932,167,692

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,048,952,004	98.7%
Investment Income	$13,190,954	1.2%
Bond Proceeds	$0
Royalties	$170,109	0.0%
Rental Property Income	$200,953	0.0%
Net Fundraising	$0
Sales of Assets	$757,540	0.1%
Net Inventory Sales	$0
Other Revenue	$1,699	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,494,217	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$28,161,737	2.6%

Assets/Debt
Total Assets	$3,165,904,422
Total Liabilities	$2,233,736,730
Net Assets	$932,167,692

Club or Co-Op Income
Income From Members	$1,025,196,493
Income From Other Sources	$38,076,766

Compensation

Key Employees and Officers	Compensation	Related	Other
Clifton Karnei (Executive Vp & General Manager)	$1,063,438	$0	$416,561
Khaki Bordovsky (Vp Services)	$417,548	$0	$145,141
Johnny York (Vp Transmission)	$398,800	$0	$371,488
Josh Clevenger (Vp Power Supply)	$368,702	$0	$195,538
Travis Thrall (Vp Generation)	$277,633	$0	$53,286
Shari Heino (Chief Compliance Officer)	$237,168	$0	$48,598
Rodney Little (Manager Network Services)	$202,856	$0	$74,119
Kyle Minnix (Manager Communications)	$192,402	$0	$127,755
Brent Fox (Manager Fiscal Services)	$192,330	$0	$77,601
Carl Curry (Plant Manager)	$186,879	$0	$70,523
Robert Walker (Plant Manager)	$182,041	$0	$48,355
Willian Allen (Director)	$39,239	$0	$0
Rick Ickert (Director)	$38,815	$1,500	$0
Audie Morris (Secretary Treasurer)	$38,208	$1,500	$0
Jim Pennington (Director)	$38,128	$0	$0
Dennis Mcwhorter (President)	$37,835	$1,500	$0
Billy Jones (Director)	$37,794	$0	$0
Monty Carlisle (Director)	$37,532	$0	$0
Bill Ragsdale (Director)	$37,438	$0	$0
Larry Bays (Vice President)	$37,012	$1,500	$0
Henry Bradford (Director)	$36,994	$1,500	$0
Steve Jones (Director)	$36,952	$0	$0
Glenn Jones (Director)	$35,898	$1,500	$0
Kenneth Alexander (Director)	$26,862	$0	$0
Jorden Wood (Director)	$18,397	$0	$0
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990

Filed on Nov. 11, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$1,062,175,830

Expenses

$1,062,147,048

Net Income

$28,782

Net Assets

$869,838,939

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,044,787,128	98.4%
Investment Income	$16,449,202	1.5%
Bond Proceeds	$0
Royalties	$420,028	0.0%
Rental Property Income	$177,516	0.0%
Net Fundraising	$0
Sales of Assets	$341,948	0.0%
Net Inventory Sales	$0
Other Revenue	$8	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,633,433	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$23,826,021	2.2%

Assets/Debt
Total Assets	$3,055,152,025
Total Liabilities	$2,185,313,086
Net Assets	$869,838,939

Club or Co-Op Income
Income From Members	$1,012,389,779
Income From Other Sources	$53,631,265

Compensation

Key Employees and Officers	Compensation	Related	Other
Clifton Karnei (Executive Vp & General Manager)	$1,026,469	$0	$439,910
Khaki Bordovsky (Vp Services)	$394,285	$0	$160,773
Johnny York (Vp Transmission)	$385,846	$0	$463,439
Joshua Clevenger (Vp Power Supply)	$357,382	$0	$205,499
Travis Thrall (Vp Generation)	$266,447	$0	$53,946
Shari Heino (Chief Compliance Officer)	$228,388	$0	$47,735
Rodney Little (Manager Network Services)	$195,033	$0	$76,652
Kyle Minnix (Manager Communications)	$184,486	$0	$128,743
Brent Fox (Manager Fiscal Services)	$179,466	$0	$82,858
Carl Curry (Plant Manager)	$178,387	$0	$76,971
Anthony Kroskey (Manager Transmission System Op)	$176,525	$0	$223,544
Glenn Jones (Director)	$47,011	$1,000	$0
Jim Pennington (Director)	$44,575	$0	$0
Larry Corbet (Director)	$44,561	$1,000	$0
Audie Morris (Secretary/Treasurer)	$44,227	$1,000	$0
William Allen (Director)	$43,900	$0	$0
Dennis Mcwhorter (President)	$43,851	$1,000	$0
William Ragsdale (Director)	$43,740	$0	$0
Jorden Wood (Director)	$43,601	$0	$0
Monty Carlisle (Director)	$43,545	$0	$0
Larry Bays (Vice President)	$43,114	$1,000	$0
Harry Bradford (Director)	$43,002	$1,000	$0
Ricky Ickert (Director)	$40,340	$0	$0
Billy Jones (Director)	$39,385	$0	$0
Steve Jones (Director)	$38,460	$0	$0
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990

Filed on Nov. 16, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$1,062,055,216

Expenses

$1,062,047,467

Net Income

$7,749

Net Assets

$829,230,303

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,046,271,552	98.5%
Investment Income	$14,952,551	1.4%
Bond Proceeds	$0
Royalties	$608,649	0.1%
Rental Property Income	$158,823	0.0%
Net Fundraising	$0
Sales of Assets	$63,641	0.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,407,633	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$21,095,367	2.0%

Assets/Debt
Total Assets	$3,025,402,476
Total Liabilities	$2,196,172,173
Net Assets	$829,230,303

Club or Co-Op Income
Income From Members	$1,046,271,552
Income From Other Sources	$15,617,092

Compensation

Key Employees and Officers	Compensation	Related	Other
Clifton Karnei (Executive Vp & General Manager)	$2,971,540	$0	$174,335
Khaki Bordovsky (Vp Services)	$388,351	$0	$11,057
Johnny York (Vp Transmission)	$380,888	$0	$23,459
Josh Clevenger (Vp Power Supply)	$347,163	$0	$36,763
Travis Thrall (Vp Generation)	$253,944	$0	$57,647
Shari Heino (Chief Compliance Officer)	$222,436	$0	$47,202
Rodney Little (Manager Network Services)	$180,864	$0	$47,638
Anthony Kroskey (Manager Transmission System Op)	$171,210	$0	$11,656
Kyle Minnix (Manager Communications)	$170,495	$0	$49,952
Carl Curry (Plant Manager)	$166,834	$0	$45,877
Brent Fox (Manager Fiscal Services)	$164,190	$0	$42,626
Rick Ickert (Director)	$37,418	$0	$0
Jim Pennington (Director)	$37,170	$0	$0
Audie Morris (Secretary Treasurer)	$36,843	$1,000	$0
Dennis Mcwhorter (President)	$36,490	$1,000	$0
William Allen (Director)	$36,467	$0	$0
Jorden Wood (Director)	$36,254	$0	$0
Monty Carlisle (Director)	$36,202	$0	$0
Glenn Jones (Director)	$36,066	$1,000	$0
Henry Bradford (Director)	$35,442	$1,000	$0
Larry Corbett (Director)	$33,456	$1,000	$0
Billy Jones (Director)	$32,649	$0	$0
Bill Ragsdale (Director)	$32,385	$0	$0
Larry Bays (Vice President)	$31,296	$1,000	$0
Steve Jones (Director)	$27,502	$0	$0
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990

Filed on Nov. 12, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$905,340,961

Expenses

$846,585,141

Net Income

$58,755,820

Net Assets

$791,358,283

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$889,041,920	98.2%
Investment Income	$12,886,234	1.4%
Bond Proceeds	$0
Royalties	$503,119	0.1%
Rental Property Income	$167,821	0.0%
Net Fundraising	$0
Sales of Assets	-$2,153,873
Net Inventory Sales	$0
Other Revenue	$4,895,740	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,798,797	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$23,299,383	2.8%

Assets/Debt
Total Assets	$3,171,300,381
Total Liabilities	$2,379,942,098
Net Assets	$791,358,283

Club or Co-Op Income
Income From Members	$873,688,334
Income From Other Sources	$31,464,084

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Clifton Karnei (Exec Vp & Gen Mgr)	$842,283	$0	$372,412
Khaki Bordovsky (Vp Services)	$382,178	$0	$138,152
Johnny York (Vp Transmission)	$376,055	$0	$328,979
Josh Clevenger (Vice President Power Supply)	$347,218	$0	$144,795
Travis Thrall (Vp Generation)	$249,633	$0	$56,808
Shari Heino (Chief Compliance Officer)	$209,839	$0	$48,345
Rod Little (Manager Network Services)	$184,816	$0	$68,193
Anthony Kroskey (Manager Transmission System Op)	$175,218	$0	$142,759
Kyle Minnix (Manager Communications)	$169,352	$0	$111,314
Carl Curry (Plant Manager)	$165,908	$0	$61,282
Jeffrey Stebbins (Manager Transmission Maint.)	$161,439	$0	$32,325
Glenn Jones (Director)	$32,622	$1,000	$0
Jim Pennington (Director)	$31,375	$0	$0
Larry Corbett (Director)	$30,363	$1,000	$0
Audie Morris (Secretary Treasurer)	$30,054	$1,000	$0
Dennis Mcwhorter (President)	$29,708	$1,000	$0
William Ragsdale (Director)	$29,605	$0	$0
Jorden Wood (Director)	$29,477	$0	$0
Monty Carlisle (Director)	$29,425	$0	$0
Larry Bays (Director)	$29,027	$0	$0
Harry Bradford (Director)	$28,924	$1,000	$0
Rick Ickert (Director)	$27,619	$0	$0
James Calhoun (Director)	$25,982	$0	$0
Billy Jones (Director)	$24,600	$0	$0
William Allen (Director)	$12,809	$0	$0
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990

Filed on Nov. 15, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$871,340,334

Expenses

$802,997,182

Net Income

$68,343,152

Net Assets

$752,623,660

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$852,026,272	97.8%
Investment Income	$13,619,884	1.6%
Bond Proceeds	$0
Royalties	$445,224	0.1%
Rental Property Income	$170,265	0.0%
Net Fundraising	$0
Sales of Assets	$326,269	0.0%
Net Inventory Sales	$0
Other Revenue	$4,752,420	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,620,948	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$21,669,956	2.7%

Assets/Debt
Total Assets	$3,159,350,306
Total Liabilities	$2,406,726,646
Net Assets	$752,623,660

Club or Co-Op Income
Income From Members	$838,330,236
Income From Other Sources	$33,010,098

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Clifton Karnei (Exec Vp & Gen Mgr)	$831,528	$0	$320,619
Khaki Bordovsky (Vp Services)	$363,399	$0	$116,154
Johnny York (Vp Transmission)	$360,562	$0	$271,706
Josh Clevenger (Vice President Power Supply)	$327,584	$0	$110,094
Travis Thrall (Vp Generation)	$202,083	$0	$48,736
Rod Little (Manager Network Services)	$178,747	$0	$52,517
Kyle Minnix (Manager Communications)	$166,045	$0	$84,681
Anthony Kroskey (Manager Transmission System Op)	$165,719	$0	$110,438
Carl Curry (Plant Manager)	$163,430	$0	$51,345
Mark Fagan (Chief Risk Officer)	$151,798	$0	$20,410
David Albers (Manager Trasmission Planning)	$151,022	$0	$76,530
Glenn Jones (Director)	$36,666	$1,000	$0
Dennis Mcwhorter (President)	$31,724	$1,000	$0
Billy Jones (Director)	$30,685	$0	$0
Larry Corbett (Director)	$30,385	$1,000	$0
Audie Morris (Secretary Treasurer)	$30,074	$1,000	$0
Jorden Wood (Director)	$29,490	$0	$0
Monty Carlisle (Director)	$29,439	$0	$0
Larry Bays (Director)	$29,037	$0	$0
Henry Bradford (Director)	$28,933	$1,000	$0
Rick Ickert (Director)	$28,424	$0	$0
William Ragsdale (Director)	$26,620	$0	$0
James Calhoun (Director)	$25,991	$0	$0
Jim Pennington (Director)	$17,598	$0	$0
Rick Haile (Vice President)	$0	$0	$0
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990

Filed on Nov. 10, 2017

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$944,865,014

Expenses

$899,591,911

Net Income

$45,273,103

Net Assets

$684,293,921

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$923,956,926	97.8%
Investment Income	$13,114,632	1.4%
Bond Proceeds	$0
Royalties	$50,190	0.0%
Rental Property Income	$168,622	0.0%
Net Fundraising	$0
Sales of Assets	$185,668	0.0%
Net Inventory Sales	$0
Other Revenue	$7,388,976	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,534,609	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$21,589,587	2.4%

Assets/Debt
Total Assets	$3,134,749,894
Total Liabilities	$2,450,455,973
Net Assets	$684,293,921

Club or Co-Op Income
Income From Members	$903,694,538
Income From Other Sources	$41,170,476

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Clifton Karnei (Exec Vp & Gen Mgr)	$814,446	$0	$203,212
Johnny York (Vp Transmission)	$354,135	$0	$57,348
Khaki Bordovsky (Vp Services)	$352,539	$0	$39,488
Josh Clevenger (Vice President Power Supply)	$316,816	$0	$64,720
Mark Fagan (Chief Risk Officer)	$298,942	$0	$52,189
Rod Little (Manager Network Services)	$172,522	$0	$37,297
Chuck Estes (Jack Co Ii Project Manager)	$171,637	$0	$43,851
Kyle Minnix (Manager Communications)	$161,910	$0	$37,800
Anthony Kroskey (Manager Transmission System Op)	$161,548	$0	$15,207
Jeff Nottingham (Plant Manager)	$161,498	$0	$30,572
Dennis Mcwhorter (President)	$54,827	$1,000	$0
Glen Jones (Director)	$34,946	$1,000	$0
Rick Ickert (Director)	$30,803	$0	$0
Jordan Wood (Director)	$29,580	$0	$0
Larry Corbett (Director)	$29,528	$1,000	$0
Monty Carlisle (Director)	$29,525	$0	$0
Larry Bays (Director)	$29,099	$0	$0
Harry Bradford (Director)	$28,989	$1,000	$0
Audie Morris (Secretary Treasurer)	$27,198	$1,000	$0
Billy Jones (Director)	$26,132	$0	$0
Jack Pickett (Director)	$25,707	$0	$0
James Calhoun (Director)	$25,051	$0	$0
William Ragsdale (Director)	$22,150	$0	$0
George Theiss (Director)	$2,102	$0	$0
Pm Gerald Jr (Director)	$2,090	$0	$0
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990

Filed on Nov. 11, 2016

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$1,116,516,637

Expenses

$1,050,709,861

Net Income

$65,806,776

Net Assets

$639,053,242

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,096,931,361	98.2%
Investment Income	$13,867,512	1.2%
Bond Proceeds	$0
Royalties	$101,003	0.0%
Rental Property Income	$177,123	0.0%
Net Fundraising	$0
Sales of Assets	$86,365	0.0%
Net Inventory Sales	$1,773	0.0%
Other Revenue	$5,351,500	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,640,220	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$20,482,428	1.9%

Assets/Debt
Total Assets	$3,108,877,107
Total Liabilities	$2,469,823,865
Net Assets	$639,053,242

Club or Co-Op Income
Income From Members	$1,056,816,049
Income From Other Sources	$59,523,465

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Clifton Karnei (Exec Vp & Gen Mgr)	$825,661	$0	$377,964
Khaki Bordovsky (Vp Services)	$370,011	$0	$169,906
Johnny York (Vp Transmission)	$362,248	$0	$450,263
Josh Clevenger (Vice President Power Supply)	$329,861	$0	$138,198
Mark Fagan (Chief Risk Officer)	$324,139	$0	$43,927
Chuck Estes (Jack Co Ii Project Manager)	$190,466	$0	$225,203
Kyle Minnix (Manager Communications)	$183,169	$0	$70,337
Jeff Nottingham (Plant Manager)	$182,373	$0	$161,507
Rod Little (Manager Network Services)	$176,620	$0	$52,498
Anthony Kroskey (Manager Transmission System Op)	$169,560	$0	$171,941
Dennis Mcwhorter (President)	$58,038	$1,000	$0
Glen Jones (Director)	$36,922	$1,000	$0
Larry Corbett (Director)	$34,973	$1,000	$0
Rick Ickert (Director)	$31,992	$0	$0
Clyde Geer (Director)	$31,105	$0	$0
Jordan Wood (Director)	$30,796	$0	$0
Monty Carlisle (Director)	$30,742	$0	$0
George Theiss (Director)	$30,473	$0	$0
Harry Bradford (Director)	$30,218	$1,000	$0
Larry Bays (Director)	$29,325	$0	$0
Jack Pickett (Director)	$28,890	$0	$0
Audie Morris (Secretary Treasurer)	$28,400	$1,000	$0
James Calhoun (Director)	$27,278	$0	$0
Billy Jones (Director)	$27,253	$0	$0
Bryan Lightfoot (Director)	$3,000	$0	$0
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990

Filed on Nov. 16, 2015

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

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PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$943,894,900

Expenses

$869,831,703

Net Income

$74,063,197

Net Assets

$573,256,657

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$940,767,491	99.7%
Investment Income	$5,769,858	0.6%
Bond Proceeds	$0
Royalties	$260,543	0.0%
Rental Property Income	$214,464	0.0%
Net Fundraising	$0
Sales of Assets	$90,011	0.0%
Net Inventory Sales	-$763
Other Revenue	-$3,206,704

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,223,141	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$19,671,180	2.3%

Assets/Debt
Total Assets	$2,959,150,321
Total Liabilities	$2,385,893,664
Net Assets	$573,256,657

Club or Co-Op Income
Income From Members	$893,398,844
Income From Other Sources	$50,281,591

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Clifton Karnei (Exec Vp & Gen Mgr)	$786,852	$0	$26,094
Khaki Bordovsky (Vp Services)	$350,142	$0	$23,598
Johnny York (Vp Transmission)	$340,689	$0	$25,167
Josh Clevenger (Vice President Power Supply)	$299,901	$0	$7,513
Mark Fagan (Chief Risk Officer)	$289,956	$0	$6,473
Chuck Estes (Jack Co Ii Project Manager)	$164,402	$0	$16,368
Rod Little (Manager Network Services)	$158,553	$0	$6,473
Kyle Minnix (Manager Communications)	$157,202	$0	$6,473
Jeff Nottingham (Plant Manager)	$156,820	$0	$6,473
Randy Ryno (Manger Transmission Maintenanc)	$153,871	$0	$3,985
Dennis Mcwhorter (President)	$52,765	$700	$0
Glen Jones (Director)	$36,637	$700	$0
Rick Ickert (Director)	$32,497	$0	$0
Jack Pickett (Director)	$31,785	$0	$0
Larry Corbett (Director)	$31,691	$700	$0
Jordan Wood (Director)	$30,594	$0	$0
Larry Bays (Director)	$30,147	$0	$0
Harry Bradford (Director)	$30,120	$700	$0
Audie Morris (Secretary Treasurer)	$29,954	$700	$0
George Theiss (Director)	$29,006	$0	$0
Clyde Geer (Director)	$28,257	$0	$0
Billy Jones (Director)	$26,903	$0	$0
Monty Carlisle (Director)	$26,427	$0	$0
James Calhoun (Director)	$25,737	$0	$0
Steve Young (Director)	$3,037	$0	$0
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990

Filed on Nov. 14, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$856,965,909

Expenses

$788,337,490

Net Income

$68,628,419

Net Assets

$499,196,139

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$843,253,300	98.4%
Investment Income	$9,225,424	1.1%
Bond Proceeds	$0
Royalties	$98,760	0.0%
Rental Property Income	$193,150	0.0%
Net Fundraising	$0
Sales of Assets	$446,201	0.1%
Net Inventory Sales	-$734
Other Revenue	$3,749,808	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,995,094	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$19,889,492	2.5%

Assets/Debt
Total Assets	$3,060,911,719
Total Liabilities	$2,561,715,580
Net Assets	$499,196,139

Club or Co-Op Income
Income From Members	$789,425,782
Income From Other Sources	$62,491,951

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,024,438,929

Expenses

$975,258,030

Net Income

$49,180,899

Net Assets

$430,595,716

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,013,592,869	98.9%
Investment Income	$6,738,736	0.7%
Bond Proceeds	$0
Royalties	$225,540	0.0%
Rental Property Income	$202,899	0.0%
Net Fundraising	$0
Sales of Assets	$109,605	0.0%
Net Inventory Sales	$0
Other Revenue	$3,569,280	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,237,516	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$19,193,310	2.0%

Assets/Debt
Total Assets	$2,969,293,341
Total Liabilities	$2,538,697,625
Net Assets	$430,595,716

Club or Co-Op Income
Income From Members	$910,893,659
Income From Other Sources	$113,545,270

990

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

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2004

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

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

PDF

PDF (2 of 2)

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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

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 December 20, 2024

Brazos Electric Power Cooperative Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $292M (2023)

Expenses $276M (2023)

Total Assets $1.68B (2023)

Total Liabilities $1.49B (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

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

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

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

Extracted Financial Data from Form 990

Other

Compensation

Document Links

Revenue

$292M (2023)

Expenses

$276M (2023)

Total Assets

$1.68B (2023)

Total Liabilities

$1.49B (2023)

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