Grayson Collin Electric Cooperative Inc

Van Alstyne, TX
Tax-exempt since March 1939
EIN: 75-0300645

Receive an email when new data is available for this organization.

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.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$205M (2022)

Expenses

$203M (2022)

Total Assets

$552M (2022)

Total Liabilities

$403M (2022)

Source: Form 990 tax filings from 2011 to 2022

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.
2022

Revenue

$205,305,170

Expenses

$203,332,128

Net Income

$1,973,042

Net Assets

$148,039,897

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$202,968,382	98.9%
Investment Income	$890,069	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$159,650	0.1%
Net Fundraising	$0
Sales of Assets	$117,922	0.1%
Net Inventory Sales	$0
Other Revenue	$1,169,147	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,838,057	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,783,539	3.3%

Assets/Debt
Total Assets	$551,504,092
Total Liabilities	$403,464,195
Net Assets	$148,039,897

Club or Co-Op Income
Income From Members	$199,304,962
Income From Other Sources	$4,238,736

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
David Mcginnis (General Manager/Ceo)	$420,947	$0	$56,720
Kevin Stevens (Coo)	$240,885	$0	$50,967
Mike Rolandt (Cfo)	$214,904	$0	$61,931
Chris Offill (Ceo Grayson Collin Comm.)	$214,151	$0	$49,311
Tracy Begley (Manager Of Inside Operatio)	$205,554	$0	$61,028
Paul Yates (Manager Of Underground Ope)	$201,564	$0	$46,863
Jeff Smith (Manager Of Information Tec)	$180,849	$0	$46,424
Michael Lauer (Manager Of Bus. Developmen)	$171,901	$0	$45,228
Jason Sprowl (Manager Of Operations/Loss)	$163,785	$0	$57,541
Eddy Reece (Manager Of Substations)	$161,119	$0	$57,320
Leslie Simco (Manager Of Operations)	$160,972	$0	$57,311
Marc Karo (Foreman)	$159,060	$0	$53,449
Marty Jones (Manager Of Operations)	$152,495	$0	$43,583
John Stracener (Staking Engineer)	$147,266	$0	$53,658
Shawn Wright (Line Superintendent)	$145,786	$0	$39,021
David Ellis (Director)	$44,066	$0	$0
Jim Copeland (Secretary/Treasurer)	$43,916	$0	$0
Paul Kirkland (Vice President)	$30,363	$0	$0
Dennis Ferguson (Director)	$17,432	$0	$0
Steve Robinson (President)	$17,382	$0	$0

+ View more people

990

Filed on Nov. 6, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$143,205,485

Expenses

$142,273,656

Net Income

$931,829

Net Assets

$141,044,296

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$141,621,602	98.9%
Investment Income	$749,744	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$186,009	0.1%
Net Fundraising	$0
Sales of Assets	$221,012	0.2%
Net Inventory Sales	$0
Other Revenue	$427,118	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,032,644	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,595,449	4.6%

Assets/Debt
Total Assets	$476,652,909
Total Liabilities	$335,608,613
Net Assets	$141,044,296

Club or Co-Op Income
Income From Members	$139,301,628
Income From Other Sources	$2,611,703

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
David Mcginnis (General Manager/Ceo)	$405,653	$0	$65,482
Kevin Stevens (Coo)	$221,007	$0	$47,124
Chris Offill (Ceo Grayson Collin Comm.)	$200,765	$0	$45,551
Mike Rolandt (Cfo)	$197,540	$0	$57,507
Paul Yates (Manager Of Underground Operations)	$175,744	$0	$42,571
Jeff Smith (Manager Of Information Technology)	$172,341	$0	$55,231
Michael Lauer (Manager Of Bus. Development)	$168,022	$0	$42,655
Tracy Begley (Manager Of Inside Operations)	$166,184	$0	$54,841
Jason Sprowl (Manager Of Operations/Loss Cont.)	$158,172	$0	$54,125
Darrell Williams (Manager Of Bus. Development)	$157,302	$0	$54,049
Keith Simco (Manager Of Operations)	$155,534	$0	$53,828
Eddy Reece (Manager Of Substations)	$155,460	$0	$52,259
Jim Copeland (Secretary/Treasurer)	$42,704	$0	$0
Paul Kirkland (Vice President)	$29,387	$0	$0
David Ellis (Director)	$18,373	$0	$0
Steve Robinson (President)	$16,654	$0	$0
Charles Rice (President (Jan Sept))	$15,317	$0	$0
Wesley Houston (Former Vice President)	$10,079	$0	$0
Dennis Ferguson (Director (Oct Dec))	$2,668	$0	$0

+ View more people

990

Filed on Nov. 15, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$128,978,536

Expenses

$128,836,095

Net Income

$142,441

Net Assets

$136,596,212

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$127,531,840	98.9%
Investment Income	$685,088	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$135,088	0.1%
Net Fundraising	$0
Sales of Assets	$223,434	0.2%
Net Inventory Sales	$0
Other Revenue	$403,086	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,741,537	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,740,055	4.5%

Assets/Debt
Total Assets	$431,935,374
Total Liabilities	$295,339,162
Net Assets	$136,596,212

Club or Co-Op Income
Income From Members	$126,045,291
Income From Other Sources	$2,221,580

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
David Mcginnis (General Manager/Ceo)	$373,252	$0	$64,940
Kevin Stevens (Coo)	$205,859	$0	$57,877
Chris Offill (Ceo/Cfo Grayson Collin Communications)	$189,213	$0	$56,631
Paul Yates (Manager Of Underground Construction)	$187,665	$0	$43,606
Mike Rolandt (Cfo)	$181,917	$0	$44,075
Keith Simco (Manager Of Operations)	$166,943	$0	$51,830
Eddy Reece (Manager Of Substations)	$166,527	$0	$51,113
Jeff Smith (Manager Of Information Technology)	$162,066	$0	$54,319
Michael Lauer (Manager Of Member Services)	$157,389	$0	$41,875
Darrell Williams (Manager Of Bus. Development)	$150,294	$0	$53,438
Jason Sprowl (Manager Of Operations/Loss Control)	$148,566	$0	$53,263
Jim Copeland (Director)	$42,160	$0	$0
Paul Kirkland (Director)	$29,587	$0	$0
Ray Houston (Vice President)	$16,190	$0	$0
Steve Robinson (Secretary/Treasurer)	$16,140	$0	$0
Charles Rice (President)	$16,040	$0	$0

+ View more people

990

Filed on Nov. 4, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$143,326,160

Expenses

$142,121,160

Net Income

$1,205,000

Net Assets

$136,242,914

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$142,065,588	99.1%
Investment Income	$647,957	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$159,650	0.1%
Net Fundraising	$0
Sales of Assets	$17,967	0.0%
Net Inventory Sales	$0
Other Revenue	$434,998	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,562,543	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,339,805	3.8%

Assets/Debt
Total Assets	$404,956,176
Total Liabilities	$268,713,262
Net Assets	$136,242,914

Club or Co-Op Income
Income From Members	$137,555,147
Income From Other Sources	$2,171,207

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
David Mcginnis (General Manager/Ceo)	$333,147	$0	$58,120
Kevin Stevens (Mgr Of Maintenance And Operations)	$179,249	$0	$39,054
Chris Offill (Ceo/Cfo Grayson Collin Communications)	$174,325	$0	$49,037
Mike Rolandt (Cfo)	$171,296	$0	$48,724
Paul Yates (Mgr Of Underground Construction)	$164,064	$0	$37,727
Jeff Smith (Mgr Of Information Technology)	$151,788	$0	$47,121
Eddy Reece (Working Foreman)	$150,475	$0	$43,720
Keith Simco (Working Foreman)	$143,802	$0	$43,720
Michael Lauer (Mgr Of Member Services)	$141,658	$0	$36,003
Jason Sprowl (Mgr Of Operations/Loss Control)	$135,068	$0	$45,739
Darrell Williams (Mgr Of Bus. Development)	$134,258	$0	$45,705
Jim Copeland (Director)	$36,439	$0	$0
Paul Kirkland (Director)	$25,679	$0	$0
Ray Houston (Vice President)	$15,691	$0	$0
Charles Rice (President)	$15,541	$0	$0
Steve Robinson (Secretary/Treasurer)	$15,541	$0	$0

+ View more people

990

Filed on Nov. 3, 2020

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$134,313,434

Expenses

$134,413,434

Net Income

-$100,000

Net Assets

$131,687,316

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$132,311,762	98.5%
Investment Income	$627,031	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$147,369	0.1%
Net Fundraising	$0
Sales of Assets	$853,460	0.6%
Net Inventory Sales	$0
Other Revenue	$373,812	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,301,676	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,067,021	3.8%

Assets/Debt
Total Assets	$381,734,801
Total Liabilities	$250,047,485
Net Assets	$131,687,316

Club or Co-Op Income
Income From Members	$129,954,010
Income From Other Sources	$3,554,294

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
David Mcginnis (General Manager/Ceo)	$307,831	$0	$57,724
Kevin Stevens (Mgr Of Maintenance And Operations)	$163,967	$0	$48,036
Chris Offill (Ceo/Cfo Grayson Collin Communication)	$154,128	$0	$47,352
Paul Yates (Mgr Of Underground Construction)	$153,853	$0	$36,182
Mike Rolandt (Cfo)	$149,203	$0	$46,987
Dennis Ferguson (Mgr Of Overhead Construction)	$140,833	$0	$35,138
Keith Simco (Working Foreman)	$135,361	$0	$43,174
Jeff Smith (Mgr Of Information Technology)	$135,237	$0	$45,748
Michael Lauer (Mgr Of Member Svcs)	$133,170	$0	$45,551
Eddy Reece (Working Foreman)	$132,661	$0	$43,005
Jim Copeland (Director)	$35,907	$0	$0
Ray Houston (Vice President)	$25,239	$0	$0
Paul Kirkland (Director)	$25,239	$0	$0
Steve Robinson (Secretary/Treasurer)	$25,139	$0	$0
Charles Rice (President)	$24,889	$0	$0
Marcus Brown (Former Director)	$11,120	$0	$0

+ View more people

990

Filed on Nov. 7, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$119,390,920

Expenses

$119,168,920

Net Income

$222,000

Net Assets

$125,528,620

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$118,269,617	99.1%
Investment Income	$564,063	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$169,457	0.1%
Net Fundraising	$0
Sales of Assets	$29,816	0.0%
Net Inventory Sales	$0
Other Revenue	$357,967	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$869,558	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,984,956	4.2%

Assets/Debt
Total Assets	$355,399,923
Total Liabilities	$229,871,303
Net Assets	$125,528,620

Club or Co-Op Income
Income From Members	$117,153,890
Income From Other Sources	$2,687,871

Compensation

Key Employees and Officers	Compensation	Related	Other
David Mcginnis (General Manager/Ceo)	$289,904	$0	$57,405
Kevin Stevens (Mgr Of Maintenance And Opereations)	$148,152	$0	$47,079
Chris Offill (Ceo/Cfo Grayson Collin Comm.)	$145,583	$0	$46,634
Paul Yates (Mgr Of Underground Construction)	$143,784	$0	$36,188
Dennis Ferguson (Mgr Of Overhead Construction)	$140,808	$0	$35,950
Mike Rolandt (Cfo)	$139,895	$0	$46,061
Jeff Smith (Mgr Of Information Technology)	$128,600	$0	$45,444
Eddy Reece (Working Foreman)	$125,359	$0	$42,845
Jim Copeland (Director)	$35,548	$0	$0
Paul Kirkland (Director)	$33,561	$0	$0
Ray Houston (Vice President)	$25,139	$0	$0
Charles Rice (President)	$24,939	$0	$0
Steve Robinson (Secretary/Treasurer)	$24,889	$0	$0
Marcus Brown (Former Director)	$10,927	$0	$0

+ View more people

990

Filed on Oct. 23, 2018

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2016

Revenue

$118,008,422

Expenses

$117,819,422

Net Income

$189,000

Net Assets

$121,812,677

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$116,708,689	98.9%
Investment Income	$576,160	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$166,192	0.1%
Net Fundraising	$0
Sales of Assets	$205,434	0.2%
Net Inventory Sales	$0
Other Revenue	$351,947	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$819,803	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,645,877	3.9%

Assets/Debt
Total Assets	$320,642,607
Total Liabilities	$198,829,930
Net Assets	$121,812,677

Club or Co-Op Income
Income From Members	$112,308,159
Income From Other Sources	$1,811,931

Compensation

Key Employees and Officers	Compensation	Related	Other
David Mcginnis (General Manager/Ceo)	$270,933	$0	$53,893
Kevin Stevens (Mgr Of Maintenance And Operations)	$140,854	$0	$42,983
Paul Yates (Mgr Of Underground Construction)	$137,540	$0	$35,286
Chris Offill (Ceo/Cfo Grayson Coll Comm)	$134,874	$0	$42,567
Dennis Ferguson (Mgr Of Overhead Construction)	$133,764	$0	$34,985
Mike Rolandt (Cfo)	$132,995	$0	$42,267
Jeff Smith (Manager Of It)	$124,418	$0	$43,624
Eddy Reece (Working Foreman)	$118,025	$0	$38,859
Paul Kirkland (Director)	$33,058	$0	$0
Jim Copeland (Director)	$33,008	$0	$0
Wesley Houston (Vice President)	$25,686	$0	$0
Charles Rice (President)	$25,286	$0	$0
Steve Robinson (Secretary/Treasurer)	$25,236	$0	$0

+ View more people

990

Filed on Nov. 8, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$117,153,523

Expenses

$116,472,242

Net Income

$681,281

Net Assets

$114,194,785

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$115,975,816	99.0%
Investment Income	$596,233	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$147,369	0.1%
Net Fundraising	$0
Sales of Assets	$85,739	0.1%
Net Inventory Sales	$0
Other Revenue	$348,366	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$789,907	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,644,962	3.1%

Assets/Debt
Total Assets	$293,978,042
Total Liabilities	$179,783,257
Net Assets	$114,194,785

Club or Co-Op Income
Income From Members	$111,727,082
Income From Other Sources	$2,788,968

Compensation

Key Employees and Officers	Compensation	Related	Other
David Mcginnis (General Manager/Ceo)	$253,613	$0	$50,855
Robert A Waldrip (Coo)	$159,401	$0	$34,746
Kevin Stevens (Mgr Of Maintenance And Operations)	$125,916	$0	$40,031
Paul Yates (Mgr Of Underground Construction)	$124,136	$0	$32,652
Dennis Ferguson (Mgr Of Overhead Construction)	$123,917	$0	$32,635
Mike Rolandt (Cfo)	$123,915	$0	$39,821
Jeff Smith (It Manager)	$113,577	$0	$39,048
Eddy Reece (Working Foreman)	$108,864	$0	$36,535
Jim Copeland (Director)	$29,962	$0	$0
Paul Kirkland (Director)	$29,362	$0	$0
Wesley Houston (Vice President)	$22,894	$0	$0
Steve Robinson (Secretary/Treasurer)	$22,794	$0	$0
Charles Rice (President)	$22,544	$0	$0

+ View more people

990

Filed on Nov. 15, 2016

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$110,372,670

Expenses

$109,703,200

Net Income

$669,470

Net Assets

$103,439,358

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$109,222,546	99.0%
Investment Income	$589,889	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$479,996	0.4%
Net Fundraising	$0
Sales of Assets	$80,239	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$737,144	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,384,397	3.1%

Assets/Debt
Total Assets	$275,497,316
Total Liabilities	$172,057,958
Net Assets	$103,439,358

Club or Co-Op Income
Income From Members	$103,833,373
Income From Other Sources	$3,578,303

Compensation

Key Employees and Officers	Compensation	Related	Other
David Mcginnis (General Manager)	$234,605	$0	$46,092
Robert A Waldrip (Coo)	$148,888	$0	$38,146
Paul Yates (Mgr Of Underground Construction)	$119,709	$0	$30,046
Dennis Ferguson (Mgr Of Overhead Construction)	$117,835	$0	$29,896
Mike Rolandt (Cfo)	$117,707	$0	$35,961
Kevin Stevens (Mgr Of Maintenance And Operations)	$113,428	$0	$35,707
Michael Lauer (Mgr Of Economic Development)	$112,110	$0	$35,507
Jeff Smith (Mgr Of It)	$107,026	$0	$35,176
Paul Kirkland (Director)	$27,716	$0	$0
Wesley Houston (Vice President (July Current))	$21,984	$0	$0
Steve Robinson (Secretary/Treasurer)	$21,534	$0	$0
Charles Rice (President)	$21,384	$0	$0
Marcus Brown (Vice President (January July))	$12,263	$0	$0
Jim Copeland (Director)	$10,864	$0	$0

+ View more people

990

Filed on Nov. 11, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$104,737,700

Expenses

$103,967,002

Net Income

$770,698

Net Assets

$97,717,457

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$103,501,103	98.8%
Investment Income	$721,716	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$465,548	0.4%
Net Fundraising	$0
Sales of Assets	$49,333	0.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$706,184	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,114,428	3.0%

Assets/Debt
Total Assets	$255,399,497
Total Liabilities	$157,682,040
Net Assets	$97,717,457

Club or Co-Op Income
Income From Members	$98,234,126
Income From Other Sources	$2,376,087

Compensation

Key Employees and Officers	Compensation	Related	Other
David Mcginnis (General Manager)	$218,363	$0	$44,587
Robert A Waldrip (Coo)	$148,444	$0	$31,987
Doug Yates (Mgr Underground Construct)	$115,059	$0	$29,481
Mike Rolandt (Cfo)	$114,318	$0	$35,437
Dennis Ferguson (Mgr Overhead Construction)	$112,842	$0	$29,275
Bruce Stevens (Mgr Maintenance And Operat)	$110,968	$0	$35,264
Eddie Reece Iii (Working Foreman)	$106,109	$0	$32,411
Jeffrey Smith (It Manager)	$102,300	$0	$34,549
Paul Kirkland (Director)	$27,756	$0	$0
Ray Houston (Director)	$21,873	$0	$0
Steve Robinson (Secretary/Treasurer)	$21,373	$0	$0
Charles Rice (President)	$21,023	$0	$0
Marcus Brown (Vice President)	$21,023	$0	$0

+ View more people

990

Filed on Nov. 5, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$94,010,062

Expenses

$93,228,879

Net Income

$781,183

Net Assets

$86,576,733

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$92,792,899	98.7%
Investment Income	$737,302	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$435,979	0.5%
Net Fundraising	$0
Sales of Assets	$43,882	0.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$641,458	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,037,693	3.3%

Assets/Debt
Total Assets	$236,414,610
Total Liabilities	$149,837,877
Net Assets	$86,576,733

Club or Co-Op Income
Income From Members	$88,089,577
Income From Other Sources	$1,565,964

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$99,187,576

Expenses

$98,351,208

Net Income

$836,368

Net Assets

$78,548,680

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$97,903,896	98.7%
Investment Income	$754,430	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$447,312	0.5%
Net Fundraising	$0
Sales of Assets	$81,938	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$601,779	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,841,917	2.9%

Assets/Debt
Total Assets	$230,990,806
Total Liabilities	$152,442,126
Net Assets	$78,548,680

Club or Co-Op Income
Income From Members	$96,452,700
Income From Other Sources	$1,491,368

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 November 21, 2024

Grayson Collin Electric Cooperative Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $205M (2022)

Expenses $203M (2022)

Total Assets $552M (2022)

Total Liabilities $403M (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

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

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$205M (2022)

Expenses

$203M (2022)

Total Assets

$552M (2022)

Total Liabilities

$403M (2022)

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