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Brazos Sandy Creek Electric Cooperative Inc

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Category: Mutual/Membership Benefit Organizations, Other / Local Benevolent Life Insurance Associations, Mutual Irrigation and Telephone Companies, and Like Organizations (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$181M (2023)

Expenses
$5.27M (2023)

Total Assets
$0 (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2014 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

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$180,725,695
Expenses
$5,268,319
Net Income
$175,457,376
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $180,725,695
100%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0
Club or Co-Op Income
Income From Members $0
Income From Other Sources $180,725,695
Compensation
Key Employees and Officers Compensation Related Other
See Various Disclosures (On Schedule O) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
-$187,012,229
Expenses
$77,834,725
Net Income
-$264,846,954
Net Assets
-$175,457,376
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $80,536,568
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$356,451,074
Net Inventory Sales $0
Other Revenue $88,902,277
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $129,146,693
Total Liabilities $304,604,069
Net Assets -$175,457,376
Club or Co-Op Income
Income From Members $0
Income From Other Sources $274,973,845
Compensation
Key Employees and Officers Compensation Related Other
See Schedule O (See Schedule O) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$90,167,263
Expenses
$88,889,186
Net Income
$1,278,077
Net Assets
$89,389,578
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $90,167,247
100.0%
Investment Income $2,199
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$2,183
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $476,133,566
Total Liabilities $386,743,988
Net Assets $89,389,578
Club or Co-Op Income
Income From Members $89,996,401
Income From Other Sources $170,862
Compensation
Key Employees and Officers Compensation Related Other
Clifton Karnei (Executive Vp & General Manager) $0 $2,077,213 $95,284
Khaki Bordovsky (Vp Services) $0 $1,194,916 $40,673
Audie Morris (President) $0 $40,750 $0
Dennis Mcwhorter (Director) $0 $40,750 $0
Larry Bays (Vice President) $0 $39,250 $0
Monty Carlisle (Secretary/Treasurer) $0 $39,250 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$79,469,345
Expenses
$79,469,345
Net Income
$0
Net Assets
$88,111,500
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $79,351,292
99.9%
Investment Income $118,053
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $489,392,234
Total Liabilities $401,280,734
Net Assets $88,111,500
Club or Co-Op Income
Income From Members $79,166,563
Income From Other Sources $302,782
Compensation
Key Employees and Officers Compensation Related Other
Clifton Karnei (Excutive Vp & General Manager) $0 $1,063,438 $416,561
Khaki Bordovsky (Vp Services) $0 $417,548 $145,141
Audie Morris (President) $0 $39,708 $0
Dennis Mcwhorter (Director) $0 $39,335 $0
Larry Bays (Vice President) $0 $38,512 $0
Monty Carlisle (Secretary/Treasurer) $0 $37,532 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$85,594,536
Expenses
$85,594,536
Net Income
$0
Net Assets
$85,069,234
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $84,870,292
99.2%
Investment Income $724,244
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $502,037,952
Total Liabilities $416,968,718
Net Assets $85,069,234
Club or Co-Op Income
Income From Members $84,870,292
Income From Other Sources $724,244
Compensation
Key Employees and Officers Compensation Related Other
Clifton Karnei (Excutive Vp & General Manager) $0 $1,026,469 $439,910
Khaki Bordovsky (Vp Services) $0 $394,285 $160,773
Audie Morris (President) $0 $45,227 $0
Dennis Mcwhorter (Director) $0 $44,851 $0
Monty Carlisle (Secretary/Treasurer) $0 $44,545 $0
Larry Bays (Vice President) $0 $44,114 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$89,611,650
Expenses
$89,611,650
Net Income
$0
Net Assets
$81,404,265
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $89,005,123
99.3%
Investment Income $606,527
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $514,774,735
Total Liabilities $433,370,470
Net Assets $81,404,265
Club or Co-Op Income
Income From Members $89,005,123
Income From Other Sources $606,527
Compensation
Key Employees and Officers Compensation Related Other
Dennis Mcwhorter (Director) $0 $37,490 $0
Audie Morris (Sec. (Jan Apr) Pres. (Apr Dec)) $0 $37,843 $0
Larry Bays (Vice Presidenet) $0 $32,296 $0
Larry Corbett (Secretary (April December)) $0 $34,456 $0
Rick Haile (President (Jan April)) $0 $0 $0
Clifton Karnei (Executive Vp & General Manager) $0 $2,971,540 $174,335
Khaki Bordovsky (Vp Services) $0 $388,351 $11,057

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$87,417,624
Expenses
$84,064,671
Net Income
$3,352,953
Net Assets
$77,837,341
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $86,944,007
99.5%
Investment Income $260,577
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $213,040
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $525,601,282
Total Liabilities $447,763,941
Net Assets $77,837,341
Club or Co-Op Income
Income From Members $86,944,008
Income From Other Sources $473,617
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Rick Haile (President) $0 $0 $0
Larry Bays (Vp) $0 $29,027 $0
Audie Morris (Secretary/Treasurer) $0 $31,054 $0
Dennis Mcwhorter (Director) $0 $30,708 $0
Clifton Karnei (Exec Vp) $0 $842,283 $372,412
Khaki Bordovsky (Officer) $0 $382,178 $138,152

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$79,078,054
Expenses
$75,891,913
Net Income
$3,186,141
Net Assets
$74,484,388
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $78,776,186
99.6%
Investment Income $90,520
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $211,348
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $538,857,685
Total Liabilities $464,373,297
Net Assets $74,484,388
Club or Co-Op Income
Income From Members $77,652,760
Income From Other Sources $1,425,295
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Rick Haile (President) $0 $0 $0
Larry Bays (Vp) $0 $29,037 $0
Audie Morris (Secretary/Treasurer) $0 $31,074 $0
Dennis Mcwhorter (Director) $0 $32,724 $0
Clifton Karnei (Exec Vp) $0 $831,528 $320,619
Khaki Bordovsky (Officer) $0 $363,399 $116,154

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$86,255,989
Expenses
$83,170,619
Net Income
$3,085,370
Net Assets
$71,298,247
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $86,025,564
99.7%
Investment Income $14,943
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $215,482
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $558,801,110
Total Liabilities $487,502,863
Net Assets $71,298,247
Club or Co-Op Income
Income From Members $86,025,564
Income From Other Sources $230,425
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Rick Haile (President) $0 $0 $0
Larry Bays (Vp) $0 $29,099 $0
Audie Morris (Secretary/Treasurer) $0 $28,198 $0
Dennis Mcwhorter (Director) $0 $55,827 $0
Clifton Karnei (Exec Vp) $0 $814,446 $203,212
Khaki Bordovsky (Officer) $0 $352,539 $39,488

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,110,042
Expenses
$26,359,376
Net Income
$750,666
Net Assets
$68,212,877
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,042,478
99.8%
Investment Income $1,038
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $66,526
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $595,842,056
Total Liabilities $527,629,179
Net Assets $68,212,877
Club or Co-Op Income
Income From Members $27,042,316
Income From Other Sources $67,726

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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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