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Nonprofiteer
← COTTON ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by COTTON ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$85,953,898
Total expenses
$85,999,328
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$85,717,953
Investment income
$110,013
Other revenue
$125,932
Total assets, end of year
$190,267,888
Total liabilities, end of year
$79,688,588
Net assets or fund balances, end of year
$110,579,300
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SALES OF ELECTRICITY

    total $84,015,084 · related or exempt $84,015,084

  • 2b · Program service revenue: PATRONAGE DIVIDENDS

    total $1,617,394 · related or exempt $1,617,394

  • 2c · Program service revenue: SERVICE FEES

    total $85,475 · related or exempt $85,475

  • 3 · Investment income

    total $104,605 · excluded $104,605

  • 6a · Gross rents

    real property $116,805

  • 6c · Rental income or loss

    real property $116,805

  • 6d · Net rental income or loss

    total $116,805 · excluded $116,805

  • 7a · Gross sales of assets other than inventory

    other assets $28,147

  • 7b · Less cost or other basis and sales expenses

    other assets $22,739

  • 7c · Gain or loss

    other assets $5,408

  • 7d · Net gain or loss

    total $5,408 · excluded $5,408

  • 10a · Gross sales of inventory

    $410,913

  • 10b · Cost of goods sold

    $493,354

  • 10c · Net income from sales of inventory

    total -$82,441 · excluded -$82,441

  • 11a · Other revenue: NEWSPAPER

    total $91,268 · excluded $91,268

  • 11b · Other revenue: INTERCONNECTION FEE

    total $300 · excluded $300

  • 11e · Other revenue, total

    $91,568

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,594,114

  • 5 · Compensation of officers, directors and key employees

    total $1,572,904

  • 7 · Other salaries and wages

    total $965,968

  • 20 · Interest

    total $2,329,273

  • 22 · Depreciation, depletion and amortization

    total $5,306,708

  • 24a · Other expenses: PURCHASED POWER

    total $59,096,661

  • 24b · Other expenses: DISTRIBUTION

    total $8,962,026

  • 24c · Other expenses: CONSUMER EXPENSE

    total $1,909,961

  • 24d · Other expenses: TAXES

    total $1,636,346

  • 24e · All other expenses

    total $625,367

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $968,312 · end of year $811,568

  • 2 · Savings and temporary cash investments

    beginning of year $862,359 · end of year $897,883

  • 4 · Accounts receivable

    beginning of year $11,395,382 · end of year $9,181,142

  • 8 · Inventories for sale or use

    beginning of year $2,305,153 · end of year $2,212,674

  • 9 · Prepaid expenses and deferred charges

    beginning of year $797,941 · end of year $464,904

  • 10a · Land, buildings and equipment: cost or other basis

    $182,574,768

  • 10b · Land, buildings and equipment: accumulated depreciation

    $51,116,101

  • 10c · Land, buildings and equipment, net

    beginning of year $127,047,977 · end of year $131,458,667

  • 12 · Investments: other securities

    beginning of year $43,775,324 · end of year $45,241,050

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,397,656 · end of year $8,957,123

  • 23 · Secured mortgages and notes payable

    beginning of year $60,732,810 · end of year $60,513,493

  • 25 · Other liabilities

    beginning of year $9,871,972 · end of year $10,217,972

  • 29 · Capital stock, trust principal or current funds

    beginning of year $113,210 · end of year $112,725

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $16,939,110 · end of year $16,831,342

  • 31 · Retained earnings, endowment or other funds

    beginning of year $90,097,690 · end of year $93,635,233

Mission and programs · 2025

Mission

TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS.

  • TO PROVIDE ELECTRICITY TO OUR MEMBERS - 24,002 ACTIVE SERVICES AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL.

As filed on the 2025 return.

Listed in Part VII

  • Jennifer M Meason

    CEO

    Total calculated
    $559,967
    From this org
    $325,814
    From related orgs
    $0
    Other
    $234,153
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $314,607
    Bonus
    not reported
    Other
    $11,207
    Deferred
    $212,821
    Nontaxable benefits
    $21,332
    Filer's total
    $559,967

  • Bryce Hooper

    COO

    Total calculated
    $333,232
    From this org
    $208,810
    From related orgs
    $0
    Other
    $124,422
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,204
    Bonus
    $1,850
    Other
    $8,756
    Deferred
    $103,614
    Nontaxable benefits
    $20,808
    Filer's total
    $333,232

  • Michael W Ottinger

    VP OPERATION

    Total calculated
    $257,315
    From this org
    $172,989
    From related orgs
    $0
    Other
    $84,326
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,416
    Bonus
    $6,600
    Other
    $4,973
    Deferred
    $63,518
    Nontaxable benefits
    $20,808
    Filer's total
    $257,315

  • Clint Ingram

    LINE OP SUPE

    Total calculated
    $237,291
    From this org
    $139,642
    From related orgs
    $0
    Other
    $97,649
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,866
    Bonus
    $5,600
    Other
    $3,176
    Deferred
    $76,465
    Nontaxable benefits
    $21,184
    Filer's total
    $237,291

  • Jeromy Bowers

    VP ADMIN & I

    Total calculated
    $219,152
    From this org
    $167,700
    From related orgs
    $0
    Other
    $51,452
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,678
    Bonus
    $3,700
    Other
    $3,322
    Deferred
    $30,644
    Nontaxable benefits
    $20,808
    Filer's total
    $219,152

  • Walter Dennis

    JOURNEYMAN L

    Total calculated
    $212,069
    From this org
    $133,115
    From related orgs
    $0
    Other
    $78,954
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,359
    Bonus
    $850
    Other
    $1,906
    Deferred
    $58,146
    Nontaxable benefits
    $20,808
    Filer's total
    $212,069

  • Zachary Smith

    CREW CHIEF

    Total calculated
    $188,536
    From this org
    $141,457
    From related orgs
    $0
    Other
    $47,079
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,432
    Bonus
    $850
    Other
    $175
    Deferred
    $26,271
    Nontaxable benefits
    $20,808
    Filer's total
    $188,536

  • Keeton Sallee

    JOURNEYMAN L

    Total calculated
    $167,547
    From this org
    $136,750
    From related orgs
    $0
    Other
    $30,797
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,309
    Bonus
    $850
    Other
    $1,591
    Deferred
    $9,989
    Nontaxable benefits
    $20,808
    Filer's total
    $167,547

  • Kyle Linthicum

    JOURNEYMAN L

    Total calculated
    $160,526
    From this org
    $135,494
    From related orgs
    $0
    Other
    $25,032
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,393
    Bonus
    $850
    Other
    $251
    Deferred
    $17,844
    Nontaxable benefits
    $7,188
    Filer's total
    $160,526

  • Martin Clark

    DIRECTOR

    Total calculated
    $28,138
    From this org
    $28,138
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Clifford Dunham

    DIRECTOR

    Total calculated
    $27,363
    From this org
    $27,363
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Tony High

    DIRECTOR

    Total calculated
    $26,853
    From this org
    $26,853
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Steven Robinson

    DIRECTOR

    Total calculated
    $26,682
    From this org
    $26,682
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Brian Demarcus

    DIRECTOR

    Total calculated
    $26,390
    From this org
    $26,390
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Dell Farris

    DIRECTOR

    Total calculated
    $25,932
    From this org
    $25,932
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Nichole Scott

    DIRECTOR

    Total calculated
    $24,932
    From this org
    $24,932
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Ken Layn

    DIRECTOR

    Total calculated
    $10,778
    From this org
    $10,778
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Shannon Files

    DIRECTOR

    Total calculated
    $6,169
    From this org
    $6,169
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PART III
JENNIFER MEASON ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 203,011 EMPLOYER CONTRIBUTION TO 401(K) PLAN 9,810 TOTAL REPORTED IN COLUMN C 212,821 LESS: ACTUARIAL INCREASE (203,011) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 84,890 EXPENSE TO THE COOPERATIVE 94,700 MICHAEL OTTINGER ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 58,415 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,103 TOTAL REPORTED IN COLUMN C 63,518 LESS: ACTUARIAL INCREASE ( 58,415) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 44,090 EXPENSE TO THE COOPERATIVE 49,193 BRYCE HOOPER ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 97,278 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,336 TOTAL REPORTED IN COLUMN C 103,614 LESS: ACTUARIAL INCREASE ( 97,278) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 54,652 EXPENSE TO THE COOPERATIVE 60,988 CLINT INGRAM ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 72,535 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,930 TOTAL REPORTED IN COLUMN C 76,465 LESS: ACTUARIAL INCREASE ( 72,535) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 33,950 EXPENSE TO THE COOPERATIVE 37,880 ZACHARY SMITH ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 22,782 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,489 TOTAL REPORTED IN COLUMN C 26,271 LESS: ACTUARIAL INCREASE ( 22,782) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 30,190 EXPENSE TO THE COOPERATIVE 33,679 JEROMY BOWERS ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 25,656 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,988 TOTAL REPORTED IN COLUMN C 30,644 LESS: ACTUARIAL INCREASE ( 25,656) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 43,098 EXPENSE TO THE COOPERATIVE 48,086 KYLE LINTHICUM ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 14,803 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,041 TOTAL REPORTED IN COLUMN C 17,844 LESS: ACTUARIAL INCREASE ( 14,803) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,316 EXPENSE TO THE COOPERATIVE 29,357 KEETON SALLEE ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 6,948 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,041 TOTAL REPORTED IN COLUMN C 9,989 LESS: ACTUARIAL INCREASE ( 6,948) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,316 EXPENSE TO THE COOPERATIVE 29,357 WALTER DENNIS ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 55,105 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,041 TOTAL REPORTED IN COLUMN C 58,146 LESS: ACTUARIAL INCREASE ( 55,105) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,316 EXPENSE TO THE COOPERATIVE 29,357

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • COTTON ELECTRIC CHARITABLE

    501C3 · DONATIONS · OK

    Directly controlled by CEC COTTON ELECTRIC COOPERATIVE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • COTTON ELECTRIC SERVICES INC

    C CORP · TESTING · OK · 100% owned · share of income $1,202,107 · share of assets $2,843,262

    Directly controlled by CEC COTTON ELECTRIC COOPERATIVE

Provenance

Return type
form_990
Tax year
2025
Filed
13 July 2026
IRS schema version
2025v4.0
Source object
202622179349301502

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