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Nonprofiteer
← MACON ELECTRIC COOPERATIVE

Form 990 for tax year 2025

Filed by MACON ELECTRIC COOPERATIVE.

Totals

Total revenue
$33,901,804
Total expenses
$32,284,746
Contributions and grants received
$0
Grants paid
$10,000
Program service revenue
$33,775,052
Investment income
$126,752
Other revenue
$0
Total assets, end of year
$87,730,659
Total liabilities, end of year
$52,366,444
Net assets or fund balances, end of year
$35,364,215
Program services expenses (Part IX)
$32,284,746
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$32,284,746

Program services were 100.0% 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: Electric Service

    total $31,487,444 · related or exempt $31,487,444

  • 2b · Program service revenue: Capital Credits

    total $2,007,314 · related or exempt $2,007,314

  • 2c · Program service revenue: Other Electric Revenue

    total $211,580 · related or exempt $211,580

  • 2d · Program service revenue: Other

    total $68,714 · related or exempt $68,714

  • 3 · Investment income

    total $114,616 · related or exempt $114,616

  • 7a · Gross sales of assets other than inventory

    other assets $17,400

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

    other assets $5,264

  • 7c · Gain or loss

    other assets $12,136

  • 7d · Net gain or loss

    total $12,136 · related or exempt $12,136

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 4 · Benefits paid to or for members

    total $845,435 · program services $845,435

  • 5 · Compensation of officers, directors and key employees

    total $554,824 · program services $554,824

  • 20 · Interest

    total $1,487,294 · program services $1,487,294

  • 22 · Depreciation, depletion and amortization

    total $3,504,430 · program services $3,504,430

  • 24a · Other expenses: Purchased Power

    total $17,987,330 · program services $17,987,330

  • 24b · Other expenses: Maintenance

    total $3,090,620 · program services $3,090,620

  • 24c · Other expenses: Administrative Expense

    total $2,027,304 · program services $2,027,304

  • 24d · Other expenses: Operations

    total $1,831,569 · program services $1,831,569

  • 24e · All other expenses

    total $945,940 · program services $945,940

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $994,536 · end of year $1,680,546

  • 2 · Savings and temporary cash investments

    beginning of year $488,698 · end of year $2,432,504

  • 4 · Accounts receivable

    beginning of year $6,547,660 · end of year $6,364,092

  • 8 · Inventories for sale or use

    beginning of year $238,435 · end of year $197,958

  • 9 · Prepaid expenses and deferred charges

    beginning of year $926,337 · end of year $850,224

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

    $80,551,160

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

    $20,314,659

  • 10c · Land, buildings and equipment, net

    beginning of year $58,955,462 · end of year $60,236,501

  • 13 · Investments: program-related

    beginning of year $14,882,836 · end of year $15,968,834

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,174,865 · end of year $3,239,741

  • 19 · Deferred revenue

    beginning of year $160,021 · end of year $143,802

  • 23 · Secured mortgages and notes payable

    beginning of year $45,602,791 · end of year $48,635,022

  • 25 · Other liabilities

    beginning of year $349,130 · end of year $347,879

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $33,747,157 · end of year $35,364,215

Mission and programs · 2025

Mission

At Macon Electric Cooperative, we are dedicated to providing our member-owners with quality and reliable electric service at the lowest possible cost. We also strive to provide services to improve the quality of life throughout the communities we serve.

Activities or mission (Part I)

Dedicated to providing our member-owners with quality and reliable electric service at the lowest possible cost.

  • Providing electric service to the members of the Cooperative

    Expenses $32,284,746 · Grants $10,000 · Revenue $33,901,804

As filed on the 2025 return.

Listed in Part VII

  • Timothy Korman

    General Manager/CEO

    Total calculated
    $298,865
    From this org
    $199,115
    From related orgs
    $0
    Other
    $99,750
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $199,115
    Bonus
    $0
    Other
    $0
    Deferred
    $68,043
    Nontaxable benefits
    $31,707
    Filer's total
    $298,865

  • Jamie Maupin

    CFO

    Total calculated
    $191,290
    From this org
    $143,361
    From related orgs
    $0
    Other
    $47,929
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $143,361
    Bonus
    $0
    Other
    $0
    Deferred
    $24,947
    Nontaxable benefits
    $22,982
    Filer's total
    $191,290

  • Joshua Langhammer

    Mgr of Operations

    Total calculated
    $197,768
    From this org
    $143,202
    From related orgs
    $0
    Other
    $54,566
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $143,202
    Bonus
    $0
    Other
    $0
    Deferred
    $31,590
    Nontaxable benefits
    $22,976
    Filer's total
    $197,768

  • Kenneth Fuller

    Construction Foreman

    Total calculated
    $177,146
    From this org
    $129,639
    From related orgs
    $0
    Other
    $47,507
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $129,639
    Bonus
    $0
    Other
    $0
    Deferred
    $35,144
    Nontaxable benefits
    $12,363
    Filer's total
    $177,146

  • Trevor Bax

    Dist System Foreman

    Total calculated
    $171,878
    From this org
    $123,890
    From related orgs
    $0
    Other
    $47,988
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $123,890
    Bonus
    $0
    Other
    $0
    Deferred
    $17,638
    Nontaxable benefits
    $30,350
    Filer's total
    $171,878

  • Rick Farmer

    Lead Lineman

    Total calculated
    $174,798
    From this org
    $119,707
    From related orgs
    $0
    Other
    $55,091
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $119,707
    Bonus
    $0
    Other
    $0
    Deferred
    $30,844
    Nontaxable benefits
    $24,247
    Filer's total
    $174,798

  • Jamison Hogsett

    Dist System Foreman

    Total calculated
    $150,665
    From this org
    $119,288
    From related orgs
    $0
    Other
    $31,377
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $119,288
    Bonus
    $0
    Other
    $0
    Deferred
    $7,280
    Nontaxable benefits
    $24,097
    Filer's total
    $150,665

  • Richard L Kemp

    Secretary-Treasurer

    Total calculated
    $14,250
    From this org
    $14,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Chris Herman

    Director

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • William Lear

    Director

    Total calculated
    $7,250
    From this org
    $7,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Daniel Smithson

    Vice President

    Total calculated
    $7,000
    From this org
    $7,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Ben Williams

    Director

    Total calculated
    $7,000
    From this org
    $7,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • James Collins

    President

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Mary Almond

    Director

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Alvin Weimer

    Director

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Robert Hancock

    Director

    Total calculated
    $6,750
    From this org
    $6,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 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

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

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.

  • Macon Electric Service Company

    C · HVAC Sales and Service · MO · 100% owned · share of income -$30,617 · share of assets $177,668

    Directly controlled by Macon Electric Cooperative

Provenance

Return type
form_990
Tax year
2025
Filed
12 April 2026
IRS schema version
2025v4.1
Source object
202621149349301712

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